Nigel and Lisa's story - another example of insurance protection in action

The facts

In February 2007, ALI Authorised Representative Richard Buswell arranged protection for the mortgage of his daughter Lisa and son-in-law Nigel.

“Lisa and Nigel bought a block of land about 2 years ago and when they started to build their home I pointed out the importance of considering protection for their mortgage.

At the time Lisa was 21 and Nigel was 26 and at first they hesitated thinking they were too young and also as most people of that age do, that they were invincible. They soon came to realise that they had a lot to lose and understood that it wasn’t worth taking a chance, so I arranged protection for them through ALI.

They both had good jobs with Nigel working as a contractor in the mining industry and Lisa as a hairdresser.

Having been together for five years, in November 2007 they married and were full of the joys of life. This all came to an abrupt end a few months later when in January 2008 Nigel was tragically killed as a result of a freak accident at work.

It has been an absolutely traumatic time for Lisa and it’s really tragic that she’s lost her soul mate so early in life. It’s also been really traumatic for me personally as I was really close to Nigel who was a fantastic person and son-in-law.

Of the two, Nigel was the main breadwinner. If they had not taken insurance protection Lisa would simply have been forced to sell their home as she wouldn’t have been able to continue to meet the loan repayments on her income.

Whilst I have always appreciated the importance of protection for people taking on a mortgage and offer it to all of my clients, having this happen in my own family has only made me appreciate its importance even more and I cannot go on enough about this.

ALI’s product is very simple to understand and offer to clients and their service at this difficult time was unbelievable and cannot be faulted. At the same time as making sure Lisa’s claim was paid really quickly, they were really compassionate.

Having this protection has been a virtual lifesaver for Lisa. It has prevented her from economic pressure and the whole experience would have devastated her if she had been forced into selling the house on top of the enormous grief she has been suffering. This would have been the last thing she needed”.
 

 About ALI

Australian Life Insurance (“ALI”) is a specialist risk insurance business that is committed to providing convenient and timely access to insurance protection for people taking out a loan. ALI is committed to ensuring brokers are able to successfully offer insurance to their clients as part of a broader service without losing focus on their core mortgage business.

ALI’s website at www.australianlifeinsurance.com.au contains more information about ALI and these services.