Royal London updates underwriting limits for HNW clients

Increased financial underwriting limits for life cover

Jaskeet Briah
clock • 1 min read

Royal London has introduced changes to its underwriting limits for high net worth (HNW) clients, available from 8 April, 2024.

The changes include increased financial underwriting limits for life cover (single and joint life first death), life cover (joint life second death) and relevant life plan, to help grow share of the HNW market. Also introduced are limits for salary sense checks, financial questionnaires and supporting financial evidence. The following improvements are being introduced by Royal London: Royal London's underwriting changes for high net worth clients Royal London has increased its focus on the large case market, following the announcement of its acquisition of Aegon UK's individual p...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

The COVER Review: NHS England scrapped, protection availability and product updates

The COVER Review: NHS England scrapped, protection availability and product updates

Week commencing 10 March 2025

COVER
clock 14 March 2025 • 1 min read
The COVER Review: PMI demand, International Women's Day and a new COVER event

The COVER Review: PMI demand, International Women's Day and a new COVER event

Week commencing 03 March 2025

COVER
clock 07 March 2025 • 1 min read
Women making up a larger portion of mortgage applications

Women making up a larger portion of mortgage applications

Rise in solo female mortgage applications

Jaskeet Briah
clock 07 March 2025 • 3 min read