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Become authorised

Becoming authorised with ALI Group means you are committing to educating your clients about the risks of borrowing and offering a solution in the form of My Protection Plan.

Our mission and journey

Our mission is to protect Australian home and property buyers from financial hardship. We work towards this by partnering with almost 3,500 mortgage brokers nationwide, providing them with training, marketing, supervision and monitoring, so they can confidently offer protection to their clients. Together, in the last 18 years, we have protected over 215,000 clients and paid over $125 million in claims. 

An authorisation with ALI Group is a commitment to educate your clients about the risks of borrowing and offer them the solution of My Protection Plan. 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 insurance policy which provides some protection for clients when they have a loan 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)
  • Stroke (of specified severity)*
  • Multiple Sclerosis (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

  • Cardiac arrest (out of hospital)*
  • Cardiomyopathy (with significant permanent impairment)*
  • Coronary artery bypass surgery*
  • Heart attack (of specified severity)*
  • Aortic surgery*
  • Other Serious Conditions

  • Chronic kidney failure (end stage)
  • Severe burns (of specified extent)
  • Loss of independent existence

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).

 

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
  • Thigh
  • Kneecap
  • Leg (between 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

Broker testimonials

Brett Wadelton

Brett Wadelton VIC | PLAN

My Protection Plan provides Brett and his customers with peace of mind when a life event happens without notice.
See testimonial See all testimonials
“I let my clients know that I will be discussing with them the importance of protection because I feel I am morally obligated to ensure they ...
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What is the authorisation process?

Once you let us know you’re interested in authorisation, 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 the right solution for you to offer to your clients, you will be invited to complete an 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 loan protection with your very next client.

Express your interest