HOW OUR RELEVANT LIFE PLAN COMPARES
Royal London
Aegon
AIG
Maximum cover
Unlimited
Cover limit as
multiple of salary
Level where
financial evidence
needed
Protection Relevant Life Plan
Continuation options
Trusts
Renewable
option
Trust
incorporating
nomination form
Power to
appoint/remove
trustees (member
is the person
covered)
To age 39
= up to 30x
Unlimited
Unlimited
Aviva
Unlimited
- level term
£5m increasing
term
To age 35 = 30x To age 39 = 30x
36-45 = 25x
40-49 = up to 25x 46-55 = 20x
50-59 = up to 20x 56-60 = 15x
60-71 = 15x
LV=
Scottish
Widows
VitalityLife
Zurich
Unlimited
£10m
£25m level term
£15m increasing term
£20m
Unlimited
To 49 =
up to 25x
40-49 = 25x
50-59 = 20x
Legal &
General
Not stated
50-59 =
up to 20x
60-73 =
up to 15x
To age 39 =
up to 25x
40-59 =
up to 20x
60-69 =
up to 15x
To age 45 = 30x
45-65 = (75 less
client’s current
age) x current
remuneration
To age 35 =
20-25 x
35+= 15-20x
To age 39 = 30x
40-49 = 20x
50+ = 15x
60 and over
= up to 15x
61 and over
= 10x
£3.5m
£2.5m
£3m
£1m
£3.5m
£1m
£1m
£1.5m
£2m

û
û
û
û
û
û
û
û
û
û

û
û
û
Trustees
Appoint
– Principal
employer
Remove
– Trustees
Member
Appoint
– trustees
Remove
– Principal
Employer
Settlor and/or
trustees
Principal
employer if it is
not a trustee
otherwise the
trustees



5 years or
10 years

Member
Plan can
continue
as personal cover

New employer
can continue
cover

Terminal illness
included in
continuation

65+ = 10x
5 years

Appoint
– trustees
Remove
– employee


Not for
personal cover
and in the last
year of the
benefit term,
only if new
employer
continues plan
Settlor
(principal
employer)



Must be
requested within
90 days
Must be
requested
within 90
days
Must be
requested
within 90
days

New plan
would be
set up




Must be set up
with a new trust
and requested
within 90 days
Must be
requested
within 90
days
Must be
requested
within 90
days
Must be
requested
within 90
days

Not for
personal
cover, only
if new
employer
continues
plan

Not for
personal cover,
only if new
employer
continues plan
Must be
requested
within 30
days



Not for
personal cover,
only if new
employer
continues the
plan.
Not for
personal cover,
only if new
employer
continues plan
Not for
personal cover,
only if new
employer
continues plan
THIS IS FOR FINANCIAL ADVISER USE ONLY AND SHOULDN’T BE RELIED UPON BY ANY OTHER PERSON.
Royal London
Aegon
AIG
Aviva
Legal &
General
LV=
Scottish
Widows
VitalityLife
Zurich









Health Assured –
offers a helpline
providing access to
counsellors, the
helpline offers
support on
bereavement,
medical questions,
personal and
legal issues.
Best Doctors –
provides second
medical opinion.
Winston’s Wish
– bereavement
support for
children following
the death of
a parent.
Executive
assistance plan
– Provides
helplines for
health and
wellbeing, legal
issues and
counselling
service. Available
to employee and
employer.
Scottish
Widows Care
and access to
RedArc.
Vitality Health
and wellbeing
programme, can
offer discounts
on premiums.
There is also
the option of
adding Vitality
Plus or Vitality
Optimiser, these
can offer
cashback and
additional
rewards on
the plan.
Zurich support
service
– helpline
providing
support for a
range of issues,
such as
bereavement,
emotional
well-being and
legal matters.
Available to
employee and
their family.
Free cover
Extra features
Added value
services
Helping Hand
Employee and their
family: personal nurse
adviser, access to a
face-to-face second
medical opinion, access
to bereavement
counselling, legal, career
and medical helplines.
Employer: list of
potential temp
replacements within
48hrs and support to
recruit full-time
replacement, legal
advice and access to
nurse adviser.
Second Opinion
by Best Doctors
Not stated.
Option to include
Critical Illness
Cover.
There is also an
online hub which
provides health and
fitness assessments
as well as access to
health and lifestyle
information.
We’ve based the information in this document on our understanding of competitor literature available in July 2016,
so it may have changed by the time you read this. We suggest you check the provider’s own literature to make sure this
comparison is still accurate.
CONTACT US
0345 6094 500
0345 6094 522
[email protected]
Royal London
1 Thistle Street
Edinburgh
EH2 1DG
adviser.royallondon.com/protection
Royal London
1 Thistle Street, Edinburgh EH2 1DG
royallondon.com
All literature about products that carry the Royal London brand is available
in large print format on request to the Marketing Department at
Royal London, 1 Thistle Street, Edinburgh EH2 1DG.
All of our printed products are produced on stock which is from FSC® certified forests.
The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in
England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL. Royal London Marketing Limited is authorised and regulated by the
Financial Conduct Authority and introduces Royal London’s customers to other insurance companies. The firm is on the Financial Services Register, registration number
302391. Registered in England and Wales number 4414137. Registered office: 55 Gracechurch Street, London, EC3V 0RL.
July 2016
P9B0092/2