Real Life
Life insurance for a broad range of clients.
Why try Real Life?
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Cover for more clients – life insurance for clients with minimal pre-existing health conditions, right through to those with serious or multiple pre-existing conditions.
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With a Beneficiary Nomination option, clients can select who they would like to receive their benefit.
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Real Life is available as joint or dual life offering more flexibility for you and your clients.
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With a forward-thinking joint life separation option, you can ensure clients are protected after relationship breakups.
Cover summary
Cover summary
Everything you’d expect from life insurance
It pays out if the life covered dies or if they’re diagnosed with a terminal illness where life expectancy is less than 12 months within the term of the policy. In the case of a joint policy, it pays out when the first of the lives covered dies or is diagnosed with a terminal illness where life expectancy is less than 12 months within the term of the policy.
Available to UK residents
Real Life is available to customers who are UK residents aged between 18 to 80 inclusive.
Cover amounts to accommodate everyone’s needs
There’s no minimum amount of benefit. The maximum is £3,000,000 subject to individual consideration.
Three types of cover
Clients can choose between level, decreasing or increasing cover. With level cover, the benefit amount will remain the same through the term of the policy. With decreasing cover, the benefit amount will reduce each month in the same way as the outstanding amount on a repayment mortgage with an interest rate of 8% per year. With an increasing benefit, your client’s chosen benefit will increase in line with the Consumer Prices Index – including owner occupiers’ housing costs (CPIH) – which tracks the prices of consumer goods.
Choose how long the cover lasts
The cover can last for any number of years between 5 and 50. However, the policy must end before your client reaches their 90th birthday. For a joint policy, this applies to the eldest life covered.
Referrals on more complex cases
For more complex conditions, we’re geared up to underwrite on a case-by-case basis. It’s the best way to go, giving us the best chance of providing them with affordable cover – quickly and efficiently.
Increase or decrease cover at any time
Life has a habit of changing. So, if your client needs to increase or reduce their cover, they can request to at any time. Any change will impact the monthly premium.
Free cover benefits provided while we consider the application
If your client is under 55 years of age and dies due to an accident while we’re considering their application, we’ll pay the benefit amount requested on the application up to a maximum of £250,000. Alternatively, if your client is taking out the policy to protect their mortgage, we can pay the benefit amount requested on the application or the mortgage amount up to a maximum of £500,000. For full details, see the Policy Summary.
Waiver of premium
Waiver of premium is automatically included for members who have an income protection policy with us. We’ll waive your client’s Real Life premiums if they’re receiving income protection benefit as a result of being ill or injured and unable to work in their own occupation. We’ll stop waiving your clients’ Real Life premiums once the payment of their income protection benefit comes to an end.
Redundancy Premium Holiday
If your client loses their job through no fault of their own, we could pay their premiums for up to three months to support them while they look for new work.
Joint Life Separation Option
If your clients have a joint policy, this can be separated into two single policies without the need for up-to-date medical information if they divorce, dissolve a registered civil partnership or separate. Consent is only required from one policyholder.
Beneficiary Nomination and Trusts
If your client takes out a single life policy, Real Life includes two options for selecting who their benefit is paid to. Beneficiary Nomination can be completed as part of the application. This allows your client to easily choose who they want to receive the benefit – and select the percentage they want them to receive. The second option is a Trust, which requires your client to choose both trustees and beneficiaries. The trustees are then responsible for distributing the benefit to the beneficiaries once the claim has been paid.
Plus all Real Life
members also get access to:
The free members app that provides quick and convenient medical advice and treatments through smartphone or tablet and can be accessed from anywhere in the world.
- Remote GP appointments
- Second medical opinion
- Registered dietitian consultations
- Lifestyle and nutrition consultations
- Annual Health MOT