Cindy and Matt Wrenn were days away from closing on their dream home when disaster struck. Cindy, 28, suddenly fell ill while teaching a real-estate class and was rushed to the hospital. She was stricken with a brain aneurysm, and during surgery she suffered a stroke.
With Cindy in critical condition, the house closing seemed out of the question. It was unclear if Cindy would survive, let alone return to her job at a real-estate title company. Matt’s teaching salary wasn’t enough, on its own, to qualify for the mortgage. It was, in fact, Cindy’s disability insurance policies that kept their dream of homeownership on track.
Through her employer, Cindy received a short-term disability insurance benefit, which covered 60 percent of her salary for the first 90 days of her recovery. After that, the long-term disability policy that she had purchased on her own replaced 70 percent of her salary until she was able to return to work. Once the lender learned of Cindy’s insurance policies, the mortgage was quickly approved.
Cindy’s recovery was nothing short of miraculous. A month after the stroke, Cindy was released from the hospital, and a few weeks later she moved into her new home. Three months later, Cindy was able to return to her job part time. The income Cindy earned allowed her to move from a full to a partial disability claim.
Today, Cindy is no longer collecting disability benefits. She’s in good health and owns her own title company. Matt is a state fire marshal. They also are proud parents of a year-and-a-half-old daughter, Sarah. Cindy still has disability insurance, so if disaster should ever strike again, she’s covered. “When you’re in your 20s, you don’t think of such things as disability insurance,” says Cindy. “I’m so thankful that I had it.”