Our mission and journey

Our mission is to protect Australian home and property buyers from financial hardship. We work towards this by partnering with over 3,000 mortgage brokers nationwide, providing them with training, marketing, supervision and monitoring, so they can confidently offer protection to their clients. Together, to date, we have protected over 236,000 clients and paid over $168 million in claims.

An authorisation with ALI Group is a commitment to educate your clients about the risks of borrowing and offer them My Protection Plan as a potential solution. Read our reasons as to why we think mortgage brokers should offer protection to their clients here.

What is My Protection Plan?

We believe a broker’s responsibility goes beyond helping your clients find the right loan. It’s also about making sure your clients understand the risks associated with having a large debt, so they can decide how to best protect against them. Put simply, My Protection Plan is an optional life insurance policy which provides some protection for clients and is unlike Lenders Mortgage Insurance (LMI) which protects the lender. You can read more about My Protection Plan here.

1 Trauma Benefit

Financial support during time of medical crisis. Pays a benefit on diagnoses of a listed medical condition below:

Neurological Conditions

Alzheimer's disease - dementia (diagnosis and with cognitive impairment)
stroke (of specified severity)*
motor neurone disease (diagnosis)
multiple Sclerosis (recurrent episodes with impairment level)

Cancers and Tumours Conditions

benign tumour in the brain or spinal cord (with neurological deficit)*
cancer (excluding early stage cancers)*
carcinoma in situ of the breast (of specified severity)*
chronic lymphocytic leukemia (of specified severity)*
melanoma (of specified severity)*
prostate cancer (of specified severity)*

Heart Conditions

angioplasty (triple vessel)*
cardiac arrest (out of hospital)*
cardiomyopathy (with significant permanent impairment)*
coronary artery bypass surgery*
heart attack (of specified severity)*
heart valve surgery*
open heart surgery*
aortic surgery*

Other Serious Conditions

chronic kidney failure (end stage)
severe burns (of specified extent)
loss of independent existence
loss or paralysis of limb (permanent)

Trauma Benefits will not be payable where the condition does not meet the policy definition. *If the condition has an asterisk (*) a 90-day qualifying period applies. This means that if the condition first occurs, becomes reasonably apparent or is first diagnosed in the 90 days after: • the policy start date, the benefit will not be payable. • a benefit increase, the increase in benefits will not be payable.

Click here to read more on the Trauma Benefit

2 Death and Terminal Illness Benefit

Spare your family financial hardship. Pays a benefit if you die or are diagnosed with a terminal illness (min. $100,000 and max. $1,000,000).

Benefit payments can be used for any purpose - paid to joint owner, estate or nominated beneficiaries.

This benefit provides a Funeral Advancement payment - a $10,000 advancement of the Death Benefit. These funds can be used to help with urgent expenses while a claim is being assessed. (Payment of the Funeral Advancement does not mean that the claim will be accepted.)

Click here to read more on the Death and Terminal Illness Benefit

3 Specified Injury Benefit

Financial assistance while you’re on the mend. Pays a benefit (maximum $7,500) if you suffer a fracture of your:

Skull (excluding bones of the face or nose)
Jaw
Collar bone
Shoulder blade
Upper arm (between the elbow and shoulder)
Forearm (including wrist but excluding elbow or hand)
Pelvis
Upper leg (between the hip and knee)
Kneecap
Lower leg (including the ankle but excluding the knee and foot)

Click here to read more on the Specified Injury Benefit

Is becoming authorised right for you and your business?

As an ALI authorised representative you will be authorised under our Australian Financial Services Licence. This is different to an accreditation from a lender and carries more responsibilities for you and obligations for us. We also provide you cover under ALI’s Professional Indemnity Insurance (PI) which means that your existing PI insurance held by you to cover your credit activities does not need to be amended to offer insurance under authorisation of ALI Group. To understand the terms and conditions of authorisation further, click below.

Understand terms and conditions

What is the authorisation process?

Once you let us know you’re interested in being able to offer protection to your clients, one of our team members will be in contact to learn more about you, your business and provide more details about ALI Group. If you agree that My Protection Plan is suitable for you to offer to your clients, you will be invited to complete an authorisation application form, an online training module and a face to face training session with your dedicated ALI BDM. Then, you’re authorised and ready to discuss My Protection Plan with your very next client.

Express your interest

Become authorised