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

Protection applicants see rise in disclosure of weight loss treatment: UnderwriteMe

Protection applicants see rise in disclosure of weight loss treatment: UnderwriteMe

Buy-now outcomes "remain strong"

Jaskeet Briah
clock 04 November 2026 • 2 min read
£73.14m paid out in life and CI claims to Reassured customers

£73.14m paid out in life and CI claims to Reassured customers

Most CI claimants used the pay out for living costs

Jaskeet Briah
clock 03 November 2026 • 2 min read
One quarter of high earners have no protection

One quarter of high earners have no protection

Vitality research findings

Jaskeet Briah
clock 30 October 2026 • 2 min read