Hearing the sad story about Jonnie Irwin and his cancer diagnosis is shocking and awful, but what it does do is serve as a reminder that even a large employer like Channel 4 can’t support a man with a young family when a serious diagnosis comes.
A Place in the Sun presenter Jonnie Irwin, says he was forced to continue working despite having terminal cancer because he failed to take out Critical Illness Cover.
The broadcaster, 49, has lung cancer which has spread to his brain. While he had taken out insurance for getting the 'terminal diagnosis', this will not pay out until he has died.
He has therefore had to carry on working, despite being so ill, as it was the only way to continue providing an income for his family.
Where does that leave the average person? When people have mortgages and bills to pay and families who rely on them? If you have a mortgage or rent commitment, I am sure someone will have asked the question, ‘Do you have life cover?’ or ‘Do you want to talk about the protection you have in place’
What’s Your Excuse?
Time and again Advisers are told, ‘I have cover with work already’ or ‘ I am sorting this out myself’ or ‘I can’t afford it I have a big mortgage or a family to provide for’.
For all of the reasons above you must absolutely speak to a professional about the cover you do have or should have.
‘I have cover with work already’
Some employers will provide some help for a limited time or a defined amount, there will be exceptions but it is unlikely it will be as much as you hope.
‘I am sorting protection cover out myself online’
When companies with qualified Advisers who offer expertise in exchange for some of your time and information at no cost, why would you go it alone? What if you didn’t know about a type of cover that was far better suited to meet your needs? You could be paying a premium for something that wont do what you thought it would do or has an exclusion you didn’t know about? Why risk it?
Even more commonly, it becomes something that people intend to do but don’t quite get around to doing.
‘ I can’t afford it I have a big mortgage or a family to provide for’
“I have to carry on working, despite being so ill, as it was the only way to continue providing an income for my family in the meantime.” Jonnie Irwin
When did you last check the cover you have and what it does?
When did you last look at your existing protection policies? Protection has advanced so much, some providers offer added value benefits with their plans. You could have 24/7 access to a GP by phone or virtually for you and your family members at no cost. No more holding on the phone for appointments, you would usually have access to a qualified GP within hours.
If you took out cover in the past, it was important to you then but is it right for you now? Who are your beneficiaries? Would the right people receive your support if you weren’t around to provide it? Have your circumstances changed since you first took that cover out. Do you remember what you took it out for?
If you want to talk to one of our team about the protection you currently have, what you think you might need or what you can have for your budget, we can help.
Call Mortgage Business today on 01245 956900 or 01277 223355
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