Royal London has been appointed by Clydesdale and Yorkshire Banks as its new partner for Over 50s life cover.

Customers will be able to purchase Royal London’s Over 50s life cover from a branch or online, via an application process giving them an immediate decision as to whether their policy has been accepted.

Royal London’s Over 50s life cover offers flexible payments, allowing customers to increase or decrease their payments at any point. Customers also benefit from a protected payout, so if they have to stop paying for they policy, they may still qualify for a payout.

Jerry Toher, CEO of Royal London’s consumer division, said: “We’re delighted to be partnering with Clydesdale Bank to offer our Over 50s life cover to their customers.

“Through our new partnership with Clydesdale Bank, we will continue to achieve our shared values of putting customers’ needs first, and making sure that our products offer better value for money and fairer outcomes for consumers.”

Fergus Murphy, group customer value director at CYBG, owner of Clydesdale and Yorkshire Bank, added: “We’re pleased to be adding over 50s life cover to our range of products, ensuring customers have the confidence and reassurance their families will be supported financially in times of distress – and delighted to be working with the Royal London team, whose customer centric approach makes them an ideal partner for our Clydesdale and Yorkshire Banks customers.”