Based on looking at the website, Tailored-lifesolutions.co.uk presents itself as an advised insurance brokerage based in the UK and regulated by the Financial Conduct Authority (FCA). While the site offers various insurance policies like life insurance, critical illness cover, and income protection, it’s crucial to understand that conventional insurance, as typically offered, often involves elements of riba (interest) and gharar (uncertainty) which are not permissible in Islamic finance. This makes traditional insurance products, including those likely offered by Tailored Life Solutions Ltd, problematic from an Islamic ethical perspective.
Here’s a summary of the review:
- Overall Review: Not Recommended for those seeking ethically compliant solutions due to the nature of conventional insurance.
- FCA Regulation: Yes (972791), providing a layer of regulatory oversight within the UK.
- UK Based: Yes, with stated UK contact numbers and addresses.
- Policies Offered: Life insurance, critical illness, income protection, mortgage protection, family income benefit, whole of life, and over 50’s insurance.
- Advice Basis: Advised, meaning they offer recommendations tailored to individual needs.
- Ethical Compliance (Islam): Not compliant due to the inherent riba and gharar in conventional insurance.
- Website Transparency: Good, with clear contact information, addresses, and regulatory details.
- Website Security: Uses cookies and provides a privacy policy.
While the website appears legitimate and provides necessary regulatory information for a UK-based financial service, the core product – conventional insurance – deviates from Islamic financial principles. For individuals seeking to align their financial planning with Islamic ethics, alternative solutions like Takaful are far more suitable. It’s always better to seek avenues that promote mutual cooperation and risk-sharing without involving interest or excessive uncertainty.
Here are some ethical alternatives for financial protection:
- Family Takaful Plans: Takaful is an Islamic insurance concept where members contribute to a pool of funds with the aim of mutually guaranteeing each other against loss or damage. It operates on principles of mutual assistance and donation, avoiding interest and speculative elements. Look for providers that offer family takaful, which covers aspects similar to life insurance but is structured Islamically.
- Key Features: Mutual contributions, risk-sharing, Sharia-compliant investments, transparency.
- Average Price: Varies significantly based on coverage and provider.
- Pros: Ethically compliant, fosters community, promotes mutual support.
- Cons: Fewer providers than conventional insurance, might require more research to find a suitable plan.
- Zakat Fund Contributions: While not a direct insurance product, consistently contributing to Zakat or Sadaqah funds can build a collective safety net. Many Islamic charities have specific funds for those facing hardship. This isn’t a contractual agreement like insurance but rather a benevolent form of collective welfare.
- Key Features: Charitable giving, community welfare, spiritual reward, helps those in dire need.
- Average Price: Based on individual’s wealth (for Zakat) or voluntary (for Sadaqah).
- Pros: Fulfills religious obligation, benefits the broader community, inherent blessing.
- Cons: Not a guaranteed personal safety net in the same way as Takaful; relies on communal solidarity.
- Islamic Will Writing Services: Ensuring your assets are distributed according to Islamic inheritance laws (Fara’id) is a crucial aspect of financial planning. A properly executed Islamic will protects your family’s future and avoids disputes, providing peace of mind. This is about managing existing wealth ethically.
- Key Features: Sharia-compliant distribution of assets, clarity for beneficiaries, avoids legal complications.
- Average Price: Varies by service provider, but a few hundred pounds is typical.
- Pros: Ensures adherence to Islamic law, protects family, reduces potential disputes.
- Cons: Not a protective financial product in itself, but essential for asset management.
- Emergency Savings Accounts: Building a robust emergency fund in a Sharia-compliant savings account (one that doesn’t accrue interest) is a fundamental step in personal financial security. This provides liquidity for unexpected events without resorting to interest-based loans or products.
- Key Features: Liquidity, no interest accrual, personal control over funds.
- Average Price: N/A (it’s your money).
- Pros: Direct control, no dependence on external parties, immediately accessible.
- Cons: Requires discipline to build and maintain, limited by the amount saved.
- Ethical Investment Platforms (Sharia Compliant): Investing in Sharia-compliant funds or instruments can grow wealth ethically, providing a long-term financial buffer. Many platforms now offer options that screen out forbidden industries (like alcohol, gambling, conventional finance) and ensure ethical business practices.
- Key Features: Diversification, growth potential, ethical screening, professional management.
- Average Price: Investment amounts vary; fees usually a percentage of assets under management.
- Pros: Wealth growth, ethical alignment, long-term financial security.
- Cons: Market risks apply, requires some understanding of investment principles.
- Community Support Networks: Actively participating in or forming local community support networks, often based on Islamic principles of brotherhood/sisterhood, can provide informal yet powerful safety nets. This might include collective funds for hardship, skill-sharing, or direct assistance.
- Key Features: Direct mutual aid, local support, strengthens community bonds.
- Average Price: Voluntary contributions or direct assistance.
- Pros: Strong social ties, immediate and practical help, builds solidarity.
- Cons: Less formal than commercial products, availability depends on local initiatives.
- Home Emergency Kits: While not a financial product, preparing for unexpected home emergencies with practical kits (e.g., for power outages, first aid, minor repairs) can significantly reduce immediate financial strain and stress during crises. This is about proactive physical preparedness.
- Key Features: Contains essentials for emergencies (first aid, tools, lighting).
- Average Price: £50-£200, depending on comprehensiveness.
- Pros: Immediate preparedness, reduces panic, saves money on urgent call-outs.
- Cons: Requires initial investment, needs regular checking and replenishment.
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Tailored-lifesolutions.co.uk Review & First Look
When you first land on Tailored-lifesolutions.co.uk, you’re greeted with a clean, professional-looking website that immediately highlights its core offering: “Advised Insurance from a UK based, FCA regulated company.” This is a solid start for any financial service provider, as regulation by the Financial Conduct Authority (FCA) is a significant trust signal in the UK market. The site emphasizes its UK base, assuring potential customers that they’re dealing with local advisors accessible via local numbers. This transparency around location and regulatory status is commendable and immediately sets a tone of legitimacy.
Initial Impressions on Transparency
The homepage quickly points out key details:
- UK Based Only: “We are based in the UK and all of our advisers can be contacted on a local number.” This speaks to local accessibility and support.
- FCA Regulated: The site explicitly states, “Tailored Life Solutions are FCA regulated and our advisers specialise in understanding each of our customer’s individual needs.” They even provide their FCA registration number (972791) at the bottom, which is excellent practice. A quick check on the FCA register confirms this status, lending significant credibility.
- Advised Basis: They make a point of differentiating themselves from “non-advised” brokers, stating, “Tailored Life Solutions are an advised insurance brokerage.” This means they’re legally obligated to recommend policies suitable for your specific circumstances, which is a higher standard of care than merely providing quotes.
What’s Missing for a Perfect Score (Ethically Speaking)
While the website excels in conventional transparency and regulatory adherence, a significant omission, especially for an audience seeking ethical financial solutions, is any mention of Sharia-compliant alternatives. The entire premise revolves around conventional insurance products, which are fundamentally problematic from an Islamic perspective due to elements like riba (interest) and gharar (excessive uncertainty or speculation). For instance, traditional life insurance often involves investing premiums in interest-bearing assets and contains contractual clauses that might not align with Islamic principles of mutual cooperation and risk-sharing. This absence means the service, despite its legitimacy in the mainstream financial world, falls short for those prioritising Islamic ethical finance.
Tailored-lifesolutions.co.uk Cons
While Tailored-lifesolutions.co.uk provides a clear and professional presentation of its services, a critical look, particularly from an Islamic ethical standpoint, reveals significant drawbacks. The core issue isn’t about the company’s legitimacy within the conventional financial framework—they are FCA regulated and transparent—but rather the inherent nature of the products they offer.
Inherent Conflict with Islamic Finance Principles
The primary and most significant con for Tailored-lifesolutions.co.uk, from an Islamic perspective, is its reliance on conventional insurance products. Islam prohibits transactions involving riba (interest), gharar (excessive uncertainty or speculation), and maysir (gambling). Conventional insurance often incorporates all three: Bargainmax.co.uk Review
- Riba: Premiums collected are typically invested in interest-bearing assets, and the return to policyholders may involve an element of interest.
- Gharar: The contract itself can involve significant uncertainty regarding the payout, its timing, and the exact risk sharing, which goes beyond permissible uncertainty in Islamic contracts.
- Maysir: While not direct gambling, the speculative nature of paying premiums in anticipation of a future, uncertain event for a fixed payout can have elements akin to gambling.
No Sharia-Compliant Alternatives Offered
The website does not offer or even mention Sharia-compliant alternatives like Takaful. This immediately renders their offerings unsuitable for a significant portion of the population seeking ethical financial solutions. For a UK-based company serving a diverse population, including a substantial Muslim community, the absence of such options is a notable oversight for those prioritising faith-based financial decisions. The homepage, while detailing various policy types, makes no mention of how these products align with or deviate from specific ethical frameworks beyond conventional UK regulation.
Limited Scope for Ethical Consumers
For individuals who strictly adhere to Islamic financial principles, Tailored-lifesolutions.co.uk simply isn’t an option. Their entire business model is built around products that, while widely accepted in the West, are problematic in Islam. This means customers looking for “tailored” solutions that include ethical or faith-based considerations will find the offerings here insufficient. The tailoring is purely based on conventional financial needs, not on ethical adherence.
Potential for Misunderstanding
Without clear disclaimers or information about alternative financial products, users from an Islamic background might inadvertently engage in transactions that conflict with their beliefs. While it is the individual’s responsibility to understand what they are purchasing, a service aiming to provide “solutions” could ideally offer a broader spectrum that includes ethically permissible options or at least clearly delineate the nature of its conventional offerings.
Tailored-lifesolutions.co.uk Alternatives
Given the ethical concerns surrounding conventional insurance products offered by Tailored-lifesolutions.co.uk from an Islamic perspective, it’s essential to explore Sharia-compliant alternatives that fulfil similar needs while adhering to Islamic principles. These alternatives focus on mutual cooperation, risk-sharing, and investments free from interest and excessive speculation.
Takaful: The Islamic Alternative to Insurance
Takaful is the Islamic equivalent of insurance, built on principles of mutual assistance and donation (tabarru’). Instead of paying premiums to a company for a guaranteed payout, participants contribute to a common fund. This fund is then used to pay out claims to any participant who suffers a loss. Acceptedmobile.co.uk Review
- How it Works: Participants donate their contributions to a Takaful fund, which is managed by a Takaful operator. The fund is invested in Sharia-compliant assets, and any surplus is either distributed back to participants or used to lower future contributions.
- Key Differences: Avoids riba (interest), gharar (excessive uncertainty), and maysir (gambling). It operates on a basis of mutual help and donation rather than a commercial contract of sale.
- Types of Takaful:
- Family Takaful: Similar to life insurance, providing coverage for death or disability.
- General Takaful: Covers property, motor, health, and other general risks.
- Finding Providers: In the UK, the Takaful market is growing, with several companies offering Sharia-compliant products. Researching FCA-regulated Takaful providers is crucial to ensure legitimacy and compliance.
Islamic Mutual Funds and Investment Portfolios
For long-term financial security and wealth accumulation, Sharia-compliant investment vehicles offer an ethical alternative to conventional savings or investment products.
- Sharia-Compliant Funds: These funds invest only in companies and assets that adhere to Islamic principles. This means avoiding industries like alcohol, gambling, conventional banking, and pornography. They also screen for companies with acceptable debt levels and ensure that financial transactions are free from interest.
- Ethical Unit Trusts/ISAs: Many ethical investment platforms in the UK now offer Sharia-compliant options within ISAs (Individual Savings Accounts) or unit trusts. This allows individuals to save and invest tax-efficiently while adhering to their values.
- Benefits: Provides potential for capital growth, diversification, and peace of mind knowing your money is invested ethically.
Building Personal Emergency Funds
A fundamental and universally accepted strategy for financial protection is building a robust emergency fund. This involves saving a portion of your income in a readily accessible, interest-free account.
- Purpose: To cover unexpected expenses such as job loss, medical emergencies, or significant home repairs without resorting to debt or interest-based loans.
- Location: Ideally, in a Sharia-compliant savings account or a current account that does not accrue interest.
- Recommendation: Aim for at least 3-6 months’ worth of essential living expenses.
Community-Based Mutual Aid and Sadaqah Jariyah
In Islam, the concept of community (Ummah) and mutual support is paramount.
- Sadaqah Jariyah (Ongoing Charity): Contributing to charitable endowments or community funds that help those in need can act as a collective safety net. While not a direct “insurance” for the donor, it fosters a system where the community looks after its members.
- Zakat: The obligatory charity (Zakat) on wealth is distributed to specific categories of needy individuals, providing a fundamental social security system within the Islamic framework.
- Community Funds: Some Muslim communities establish benevolent funds where members contribute regularly, and funds are disbursed to members facing hardship. This informal system embodies mutual support.
Physical & Mental Well-being Investments
Protecting yourself and your family isn’t just about financial products; it’s also about proactive measures in health and safety.
- First Aid Kits: A well-stocked first aid kit for home and travel is a tangible form of protection against minor injuries and emergencies, potentially avoiding costly medical visits.
- Home Security Systems: Investing in reliable home security can deter theft and protect property, reducing financial losses and emotional distress.
- Health & Fitness Equipment: Prioritising physical health through exercise and healthy eating is a long-term investment that can prevent illness and reduce healthcare costs.
- Stress Management Resources: Mental well-being is crucial. Resources like meditation guides, Islamic mindfulness techniques, or seeking professional advice (if needed) can improve resilience and overall quality of life.
By focusing on these Sharia-compliant financial products, ethical investment strategies, and proactive personal preparedness, individuals can build a robust framework for financial protection and well-being that aligns with their values.
How to Cancel Tailored-lifesolutions.co.uk Policy (if applicable)
While the review highlights the ethical concerns for a Muslim audience regarding conventional insurance, for those who might already hold a policy through Tailored Life Solutions or are considering it, understanding the cancellation process is crucial. The website doesn’t explicitly detail a step-by-step “how to cancel” guide on its main pages, which is typical for insurance brokers as cancellations often involve direct communication with the insurer or the broker facilitating it.
General Cancellation Principles for Insurance
Most insurance policies, particularly life and protection products, come with a “cooling-off period,” typically 14 or 30 days from the policy’s start date or from when you receive the policy documents, whichever is later. During this period, you can usually cancel without penalty and receive a full refund of any premiums paid.
Outside the cooling-off period, cancelling a policy often depends on its type:
- Term Life Insurance: If you cancel a term life policy, you generally won’t receive a refund of premiums paid, as the premiums cover the risk during the active term. The policy simply ceases.
- Whole of Life Insurance: These policies might have a “cash surrender value” after a certain period, especially if they have an investment component. Cancelling might yield a partial return, but it’s often less than what you paid in premiums.
- Income Protection/Critical Illness: Similar to term life, these are typically ‘pay-as-you-go’ risk coverage, and cancelling usually means the cover simply stops without a refund of past premiums.
Steps to Initiate Cancellation with Tailored Life Solutions
Since Tailored Life Solutions is an “advised” brokerage, it’s highly recommended to contact them directly for any cancellation queries, as they facilitated the policy arrangement and can guide you through the specific process for your chosen insurer. Holidayhypermarket.co.uk Review
- Gather Policy Information: Have your policy number, start date, and any relevant documents readily available.
- Contact Tailored Life Solutions Directly:
- Phone: Use the contact numbers provided on their website: 01202 059780 or 02392000039. A direct conversation is often the quickest way to confirm the process.
- Email: Send an email to [email protected]. This creates a written record of your request.
- Registered/Trading Address: If you prefer, or if direct communication fails, you can send a formal letter to their registered or trading address.
- Registered Address: 1st Floor, Unit 2CA, Deer Park Farm Industrial Estate, Knowle Lane, Fair Oak, Hampshire, SO50 7DZ.
- Trading Address: Tailored Life Solutions Ltd, Ciret, Fulflood Road, Havant, Hampshire, PO9 5AX.
- State Your Intention Clearly: Explicitly state that you wish to cancel your policy, providing your policy number and the effective date you wish the cancellation to take effect.
- Confirm the Process and Any Implications: Ask about any potential fees, refund eligibility (especially if within the cooling-off period), and confirmation of the cancellation date. Request written confirmation of the cancellation once processed.
Important Considerations
- Risk of Lapsed Coverage: Be aware that cancelling an insurance policy means you lose the protection it offered. Ensure you have alternative arrangements in place (e.g., Takaful, emergency fund) before cancelling, especially if the coverage is critical.
- Direct with Insurer: In some cases, you might be able to contact the underlying insurance company directly to cancel, but it’s usually best to go through the broker who arranged it, as they have direct lines of communication and records of your advised purchase.
- Documentation: Always keep records of all communications, including dates, names of persons spoken to, and any written confirmations.
Remember, the goal for an ethically-minded consumer is to transition away from conventional financial products towards Sharia-compliant solutions.
Tailored-lifesolutions.co.uk Pricing
Understanding the pricing structure for insurance policies offered through a brokerage like Tailored Life Solutions is crucial, although the website itself doesn’t display specific policy premiums. This is standard practice for advised insurance services, as pricing is highly individualised based on various factors.
How Insurance Pricing Works Generally
Insurance premiums are not a ‘one-size-fits-all’ figure. They are calculated based on a multitude of risk factors unique to each applicant and the specific policy chosen.
- Type of Policy: Life insurance, critical illness, income protection, etc., all have different risk profiles and therefore different pricing structures.
- Coverage Amount: The higher the sum assured (the payout amount), the higher the premium.
- Term Length: For term policies, a longer term generally means higher premiums, as the risk period is extended.
- Individual Factors:
- Age: Younger individuals typically pay less for life and health-related insurance, as the risk of payout is lower.
- Health Status: Medical history, pre-existing conditions, and current health (e.g., blood pressure, cholesterol levels) significantly impact premiums. Applicants might need to undergo medical examinations or provide medical reports.
- Lifestyle: Factors like smoking status, alcohol consumption, and participation in hazardous hobbies (e.g., skydiving) can increase premiums.
- Occupation: Certain occupations (e.g., those involving manual labour or high risk) might incur higher premiums for income protection.
- Insurer’s Underwriting: Different insurance companies have their own underwriting criteria and risk assessments, leading to variations in quotes for the same coverage.
Tailored Life Solutions’ Approach to Pricing
As an “advised insurance brokerage,” Tailored Life Solutions’ process involves:
- Needs Assessment: Their advisors will first understand your individual circumstances, financial goals, and specific protection requirements. This includes details about your health, lifestyle, income, and family situation.
- Market Comparison: They leverage their relationships with “some of the UK’s largest insurance companies” to obtain quotes. This means they act as an intermediary, comparing policies from multiple providers to find what they deem “most suitable” for your needs.
- Personalised Quote: Based on the assessment and market comparison, they will present you with a personalised quote (or multiple quotes) for policies that fit their recommendation. The price you see will be the actual premium you would pay periodically (monthly, quarterly, or annually).
Transparency on Fees (Brokerage vs. Premiums)
The website doesn’t explicitly state if Tailored Life Solutions charges a separate fee for their advisory service in addition to the insurance premium. In most cases for protection insurance brokers, their fee is typically covered by a commission paid by the insurer when a policy is taken out. This means the customer usually doesn’t pay an upfront fee to the broker directly, but the commission is built into the overall cost for the insurer. It’s always wise to clarify this during your consultation if you have concerns about any hidden charges. Hbsuk.co.uk Review
Ethical Cost Considerations
From an Islamic perspective, even if the “pricing” for a conventional insurance policy appears competitive, the underlying structure of the product is the primary concern, not just the monetary cost. The ethical “cost” of engaging in riba, gharar, or maysir far outweighs any perceived financial benefit. Therefore, while Tailored Life Solutions provides a service to find competitive conventional insurance pricing, the fundamental issue remains for an ethically conscious consumer.
Tailored-lifesolutions.co.uk vs. Sharia-Compliant Alternatives
When evaluating Tailored-lifesolutions.co.uk, it’s essential to compare its offerings not just against other conventional brokers but, more importantly, against Sharia-compliant alternatives for those seeking ethical financial solutions. The distinction lies in the fundamental principles underpinning the financial products.
Conventional Insurance (Tailored-lifesolutions.co.uk)
Structure & Principles:
- Risk Transfer: The core idea is transferring individual risk to an insurance company in exchange for a premium.
- Contractual Exchange: A contract between the insurer and the policyholder, often containing elements of riba (interest) on invested premiums and gharar (uncertainty) in the terms and conditions.
- Investment Model: Premiums are pooled and invested in conventional financial markets, including interest-bearing instruments and potentially non-Sharia-compliant industries.
- Profit Motive: The insurance company aims to profit from the difference between premiums collected and claims paid, plus investment returns.
- Products Offered: Life insurance, critical illness, income protection, mortgage protection, etc. (as listed on Tailored-lifesolutions.co.uk).
Pros (from a conventional perspective):
- Widely Available: Numerous providers and established regulations.
- Familiarity: Most people understand the concept.
- Range of Products: Extensive variety to cover almost any risk.
- Regulatory Protection: In the UK, regulated by the FCA, offering consumer protection.
Cons (especially from an Islamic perspective): Kettler.co.uk Review
- Prohibition in Islam: The presence of riba, gharar, and maysir makes conventional insurance generally impermissible in Islamic finance.
- Ethical Conflict: Individuals adhering to Islamic principles may find engaging with such products to be a violation of their faith.
- Lack of Mutual Cooperation: The primary relationship is commercial, not based on mutual aid or shared responsibility among participants.
Sharia-Compliant Alternatives (e.g., Takaful, Ethical Investments)
Structure & Principles:
- Mutual Assistance (Tabarru’): Participants contribute to a fund as a donation, intending to help fellow participants who face a loss. It’s about risk-sharing, not risk transfer.
- Segregated Funds: Participant contributions are kept separate from the operator’s shareholder funds.
- Sharia-Compliant Investments: Funds are invested only in ethically sound, interest-free, and socially responsible businesses and instruments.
- Surplus Sharing: Any surplus in the Takaful fund (after claims and expenses) can be distributed back to participants or used to lower future contributions, unlike conventional insurance where surplus typically belongs to shareholders.
- Transparency: Greater emphasis on transparency and accountability in fund management.
- Products Offered: Family Takaful (life-like), General Takaful (property, health, etc.), Sharia-compliant investment funds, ethical savings accounts.
Pros:
- Ethically Permissible: Designed specifically to comply with Islamic financial principles, avoiding riba, gharar, and maysir.
- Community-Oriented: Fosters a sense of mutual responsibility and collective well-being among participants.
- Transparent and Fair: Emphasis on clear fund management and potential surplus distribution.
- Growing Market: Increasing availability of Takaful operators and Sharia-compliant financial products globally and in the UK.
Cons:
- Fewer Providers (compared to conventional): While growing, the choice of Takaful providers might be more limited than conventional insurers.
- Less Familiar: May require more effort to understand for those accustomed to conventional insurance.
- Varying Interpretations: Different Takaful models (e.g., Wakalah, Mudarabah) exist, and ensuring compliance requires careful research.
The Deciding Factor
For someone prioritising Islamic ethical compliance, Tailored-lifesolutions.co.uk, despite its conventional legitimacy, cannot compete with Sharia-compliant alternatives. The philosophical and practical differences between conventional insurance and Takaful are fundamental. Opting for Takaful or other ethical financial planning tools ensures that one’s financial protection aligns with their faith, offering peace of mind beyond mere financial security. While Tailored-lifesolutions.co.uk might provide a “tailored” financial product from a conventional perspective, it lacks the ethical tailoring required for a Muslim consumer.
FAQ
What is Tailored-lifesolutions.co.uk?
Tailored-lifesolutions.co.uk is a UK-based, FCA-regulated insurance brokerage that offers advised insurance services, including life insurance, critical illness cover, and income protection, by comparing policies from multiple UK insurance companies. Brucesdoggydaycare.co.uk Review
Is Tailored-lifesolutions.co.uk regulated?
Yes, Tailored-lifesolutions.co.uk (Tailored Life Solutions Ltd) is authorised and regulated by the Financial Conduct Authority (FCA) with registration number 972791.
What types of insurance does Tailored-lifesolutions.co.uk offer?
They offer various protection policies such as life insurance, critical illness, income protection, mortgage protection, family income benefit, whole of life, and over 50’s insurance.
Is conventional insurance permissible in Islam?
Generally, no. Conventional insurance is considered impermissible in Islam due to elements of riba (interest), gharar (excessive uncertainty), and maysir (gambling) inherent in its structure.
What is Takaful?
Takaful is the Islamic alternative to conventional insurance, based on principles of mutual cooperation and donation, where participants contribute to a common fund to mutually guarantee each other against loss or damage, avoiding riba, gharar, and maysir.
How does Tailored-lifesolutions.co.uk provide advice?
Tailored-lifesolutions.co.uk operates on an “advised” basis, meaning their advisors assess your individual needs and recommend the most suitable policy from their panel of insurers, rather than just providing quotes. Pantee.co.uk Review
Where is Tailored-lifesolutions.co.uk based?
They are based in the UK, with a registered address in Fair Oak, Hampshire, and a trading address in Havant, Hampshire.
Can I get a quote directly from Tailored-lifesolutions.co.uk’s website?
No, the website doesn’t offer an instant online quote tool. Instead, they encourage contact for a personalised, advised quote due to the tailored nature of their service.
Are there any upfront fees for Tailored-lifesolutions.co.uk’s advisory service?
Typically, for protection insurance brokers, their fees are covered by a commission paid by the insurer, meaning customers usually do not pay an upfront fee directly to the broker. It’s always advisable to confirm this during your consultation.
How do I contact Tailored-lifesolutions.co.uk?
You can contact them via phone at 01202 059780 or 02392000039, or by email at [email protected]. Their addresses are also listed on their website.
What are the ethical alternatives to conventional life insurance for Muslims?
Ethical alternatives include Family Takaful plans, building substantial emergency savings in Sharia-compliant accounts, and contributing to community mutual aid funds. Recycletecho.co.uk Review
What is the cooling-off period for an insurance policy from Tailored-lifesolutions.co.uk?
While not explicitly stated on their homepage, most UK insurance policies have a cooling-off period, typically 14 or 30 days, during which you can cancel for a full refund. You would need to confirm the exact period with the specific insurer or Tailored Life Solutions.
How can I cancel a policy arranged through Tailored-lifesolutions.co.uk?
To cancel a policy, you should contact Tailored Life Solutions directly via phone or email, providing your policy details and stating your intention to cancel. They will guide you through the specific process for your insurer.
Does Tailored-lifesolutions.co.uk offer health insurance?
The website mentions “critical illness” and “income protection,” which are types of health-related protection, but it doesn’t explicitly list general “health insurance” or “private medical insurance.”
What is the company registration number for Tailored Life Solutions Ltd?
The company is registered in England & Wales with company number 11647228.
Is Tailored-lifesolutions.co.uk a direct insurer?
No, Tailored-lifesolutions.co.uk is an insurance brokerage, meaning they act as an intermediary, arranging policies from various insurance companies rather than underwriting the policies themselves. Bavionics.co.uk Review
How transparent is Tailored-lifesolutions.co.uk about its regulatory status?
They are highly transparent, prominently displaying their FCA regulation statement and registration number on their homepage and in their legal notice.
Why is an “advised” service beneficial for consumers?
An “advised” service means the broker assesses your individual needs and recommends policies that are suitable for your specific circumstances, providing a higher level of consumer protection and potentially better-matched products than non-advised services.
Does Tailored-lifesolutions.co.uk use cookies?
Yes, the website uses cookies to improve user experience and states that necessary cookies are enabled by default, while non-necessary ones require consent. They also provide a Privacy & Cookies Policy.
What should an ethically conscious consumer do if they need financial protection?
An ethically conscious consumer should seek out Sharia-compliant financial products such as Takaful for protection, build an emergency fund in interest-free accounts, and explore Sharia-compliant investment options for wealth growth.
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