Income Protection. Your Earning Safety Net
Your income is your most valuable asset. Without it, everyday commitments such as your mortgage, bills, and family costs can quickly become difficult to manage. Income protection is designed to be a safety net that provides a regular replacement income if illness or injury prevents you from working.
At Mark One Financial Services, we help clients across Scotland put income protection in place that keeps their financial life stable when the unexpected happens.
Why Income Protection Matters
Most people assume sick pay will cover them. Unfortunately, employer sick pay often lasts only weeks or months, while Statutory Sick Pay is limited and rarely enough to cover real living costs.
Income protection bridges that gap. Instead of relying on savings or borrowing, a policy can pay a percentage of your income until you are able to return to work or until the policy ends.
Crucially, this protection continues regardless of how long recovery takes. Because of that, income protection is widely regarded as one of the most important financial safety nets available.
Cover Designed Around You
Every income protection policy should reflect your circumstances. For that reason, we tailor cover based on your occupation, employment status, income structure, and financial commitments.
Policies can be arranged for employed, self-employed, and contract workers. In addition, deferral periods can be aligned with employer sick pay so benefits begin exactly when needed.
Some occupations are considered higher risk. However, access to specialist insurers often means suitable cover remains available with the right advice.
A Clear and Supported Process
Applying for income protection can seem complex. With expert guidance from Mark One Financial Services, the process becomes straightforward and transparent.
Medical disclosures are explained clearly so nothing is misunderstood. Policy wording is reviewed carefully to ensure definitions of illness, incapacity, and payout conditions are appropriate.
Ongoing reviews are also available. As income changes, careers progress, or family circumstances evolve, cover can be adjusted to remain effective.
Read our short guide on the importance of Income Protection HERE.
Read our article on a client’s real-life Income Protection success story HERE.
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