Income Replacement Insurance in Lanarkshire and Glasgow
Income Protection Insurance

Have you ever thought about what you would do in the event that you were no longer able to work or were be unable to work for a long period of time?

Income Protection Insurance will pay you an income to replace a percentage of your wage, in the event of you being unable to work due to sickness or accident. The cost is determined by your occupation and benefit you require. This income is normally limited to 65% of your gross salary.

You decide how long you want to wait before the income starts to be paid out to you. (This is known as the 'deferment period’ and is normally 4 / 8 / 13 / 26 weeks). The longer this period - the cheaper the plan is. A 26 week deferment period for example, may be ideal if your employer pays you full salary for 6 months. However, you may only be entitled to SSP (Statutory Sick Pay) - and therefore would need an income as soon as possible.

You would also decide how many years - or to what age - you want the protection for. Typically, this would be to cover the term of a mortgage or right through to retirement - you decide.

We can help you work out how much cover you require each month. 

Remember, if your income was to stop – your bills won’t - they will continue.

An added bonus of having Income Protection cover is that when you know your financial situation is protected, the peace of mind lets you concentrate on your recovery and getting things back to normal sooner rather than later.

Affinity Financial Planning offer a wide range of affordable, high quality Income Protection Insurance options to our clients in Lanarkshire and Glasgow. We can source the best levels of cover and identify the product that is right for your situation. We offer a completely FREE no-obligation consultation that takes less than an hour but will identify the best possible option for you.