Real Life.
Real Life is designed for people in good health and those living with serious or multiple health conditions.
Everything you’d expect from life insurance
It pays out if you die or if you’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 and 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
You 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 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 you reach your 90th birthday. For a joint policy, this applies to the eldest life covered.
Increase or decrease cover at any time
Life has a habit of changing. So, if you need to increase or reduce your cover, you can request to at any time. Any change will impact the monthly premium.
Free cover benefits provided while we consider the application
If you’re under 55 years of age and die due to an accident while we’re considering your application, we’ll pay the benefit amount requested on the application up to a maximum of £250,000. Alternatively, if you’re taking out the policy to protect your 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 if you have an income protection policy with us. We’ll waive your Real Life premiums if you’re receiving income protection benefit as a result of being ill or injured and unable to work in your own occupation. We’ll stop waiving your Real Life premiums once the payment of your income protection benefit comes to an end.
Redundancy Premium Holiday
If you lose your job through no fault of your own, we could pay your premiums for up to three months to support you while you look for new work.
Joint Life Separation Option
If you have a joint policy, this can be separated into two single policies without the need for up-to-date medical information if you divorce, dissolve a registered civil partnership or separate. Consent is only required from one policyholder.
Beneficiary Nomination and Trusts
If you take out a single life policy, Real Life includes two options for selecting who your benefit is paid to. Beneficiary Nomination can be completed as part of the application. This allows you to easily choose who you want to receive the benefit and select the percentage you want them to receive. The second option is a Trust, which requires you 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
