Think you will never need a Critical Illness policy? Read how our advice helped Mr D to keep his home and support his family.
Mr D and his partner were looking to buy the flat they were currently renting. After a recommendation from a friend, they approached Choice Mortgage Solutions to secure a mortgage to buy their first home together with their two young children.
Mr D worked full time and his wife worked part-time, although she was on maternity leave at the time. With a deposit of £61,000 they were looking for a mortgage of £146,000.
With our expert knowledge of lenders and criteria, Choice were quickly able to secure the mortgage they were looking for with a minimum of hassle.
At Choice Mortgage Solutions we have a duty of care to our clients to ensure all areas associated with buying your first home are fully covered. Given that Mr D had a young family and could be left vulnerable if something were to happen to him as the primary earner, our adviser highlighted the importance of both Life and Critical Illness Cover to give them peace of mind if the worst was to happen.
Life Cover supports your family with a payout in the event of death, and Critical Illness Protection covers against classified life-threatening illnesses designed to give you extra help and support when you may be unable to work and support any dependents, or if you need money for the additional costs of care or changes to the home.
After taking advice from our adviser, Mr D set up a policy for both life and critical illness cover for the full mortgage amount and they enjoyed life as a family in their home.
In December 2017 unfortunately Mr D was taken ill and given a diagnosis of skin cancer. Due to the seriousness of the condition, Mr D was able to make a claim on his Critical Illness Policy and he received a full payout as they dealt with aftermath of the diagnosis and his recovery. Since then Mr D has renewed his Life and Critical Illness Cover via Choice Mortgage Solutions.
Thankfully Mr D made a full recovery after treatment and with the support of his Life and Critical Illness Cover was able to continue supporting his young family in their home while they dealt with the most important thing: getting better.
“Having had a tough year medically I cannot thank Charlotte for not only her mortgage knowledge but life with critical illness knowledge too again managing to obtain the best possible cover (which was sadly used (Critical Illness). Nothing is a problem for Charlotte and her emails were replied as a matter of urgency. I never felt like I was having to wait. A true professional who I would trust with my life and that I genuinely say.
Charlotte you changed my life not only for me but my young family too. THANK YOU.”
Unfortunately in the UK, 1 in 2 people will get cancer in their lifetime according to Cancer Research UK.
Would your family be protected if your household were to suffer an income shock? We can help you with income protection and critical illness cover to give you peace of mind, so if the worst were to happen, you can focus on what matters most.
Contact us now for a personalised quote.