Life insurance is a crucial step in planning for your future and the future of your loved ones.
Life Term Insurance provides life insurance protection for a specified period of time. Term life is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
Whole Life Insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy.
Critical illness insurance provides you with a lump sum of money if you are diagnosed with certain illnesses or disabilities.
The kinds of illnesses that are covered are usually long-term and very serious conditions such as a heart attack or stroke, loss of arms or legs, or diseases like cancer, multiple sclerosis or Parkinson’s disease.
If being ill has left you out of pocket, it can be really handy to have a large sum of money to spend on things like everyday expenses, paying off your mortgage or your medical expenses. You can use the money in any way you like, you don’t have to spend it on anything in particular.
You may have other income coming in while you’re ill such as state benefits or sick pay from your employer. However, this may not cover all your needs. It’s a good idea to think about how much you would need to live on if you became seriously ill and whether you would need some extra money to boost your income.
The question of whether or not you need income protection insurance isn't likely to come up often, partly because we don't like to think about something going wrong, but also because it's all just a bit dull.
And anyway - isn't that what life insurance and even its cousin critical illness insurance is for? The majority of us will have to take some form of protection out at some point in our lives - whether to give us peace of mind that the mortgage will be repaid, or to ensure the family finances are secure if one or other breadwinner becomes too ill to work or worse.
But what many consider the most worthwhile form of protection insurance - one that pays you a monthly income if you are unable to work - has flown under the radar for the majority of people. Income protection insurance, also known as income replacement, protects your monthly income if you can no longer work due to injury or illness.
It has never been a best-seller – partly because it is seen as complex, more expensive and pays out on a monthly basis instead of as a one-off lump sum.
We believe that every home is different, so it makes sense that each homeowner insurance policy should be different too. Red Rose Insurance Solutions tailor your homeowner’s insurance policy to match your circumstances. We’ll ensure that you get the best possible value for money while getting insurance that is most suitable for you.
Landlord insurance is home insurance designed for rental properties, often combined with other insurance options for landlords. It includes one or more of:
Make sure you are meeting all of your legal requirements to help keep your business up and running.
No matter how carefully you manage your business, accidents and incidents can happen. At Red Rose Insurance Solutions we can provide Public Liability and Employer’s Liability to cover you against potential claims for damage, death and injury that could destroy your business. If you are unsure what type of insurance or level of cover you need we can help.