Our big lad was diagnosed during lockdown at age 11, he also had a heart murmur and we didn't want to put him through the stress of the radioactive treatment (the nearest centre was about 100 miles away or something) so for the last 6 years we have given him methimozole (not sure if that's his you spell it!) cream on his ears. He's done so, so well, and they reckon when treated with the cream the prognosis is about 5 years.. last time we took him for bloods his levels were raised and the vet suspects the thyroid has turned malignant. He was too old and frail at the time to put him under anaesthetic to confirm, so we made the decision then to make him comfortable and happy and see how he goes.
That was the beginning of January, and now we are nearing the end...he's become even more frail, sleeps all day either in his box or on me, and his breathing is worsening. We've made the appointment for this Friday so we can spend some time as a family during this half term giving him all the love and treats he deserves.
While he is insured, (it went up a hell of a lot per month) we still have to pay a percentage towards his treatment, and we exceeded the claim last year. Looking back, I wish we had opted for the radioactive treatment, but then again we just don't know if he would have coped with it.
However, we still paid less with the insurance so I would always advise anyone with a new kitten to insure them from the very start. Obviously this won't help OP but hopefully it will help someone.
Our hearts are broken, especially my daughter's, we've had him longer than we've had her, and they've always been inseparable 💔
Good luck with your cat OP XXXX