Leading provider of home loan protection to Australian property buyers, ALI Group today announced the expansion of its broker footprint through a new partnership with mortgage aggregator Outsource Financial. ALI Group is now Outsource Financial’s preferred distributor of home loan protection to home buyers.
ALI Group has protected almost 160,000 home owners against events such as serious or terminal illness and involuntary unemployment, and paid out almost $65 million in claims. To date, authorised brokers of ALI Group has facilitated almost $43 billion of cover to Australians.
Outsource Financial is an award-winning lending services group that has been operating for more than 15 years, and one of the few national aggregators still independently owned and operated.
The partnership provides Outsource Financial with a valuable addition to its suite of lending solutions, and it extends ALI Group’s footprint to more than 3500 authorised brokers Australia-wide.
Huy Truong, CEO and co-owner of ALI Group, “As the leading partner for home loan protection to the broker industry, we are extremely pleased to join forces with Outsource Financial to ensure its brokers are equipped to more effectively and confidently protect their clients.
“We are seeing more brokers and broker groups commit to a strategy where client protection is a core part of the service they provide and we are delighted to see Outsource Financial add to that growing list. ALI’s role is to help Outsource succeed by providing them with a turnkey solution that includes great product, seamless process and hands on broker support,” Huy says.
Tanya Sale, CEO of Outsource Financial says, “Lending is the core business for many of our members and we needed to bridge the gap in the best way possible for our loan writing members who don’t already offer protection. ALI Group is a reputable brand, has an incredibly strong management team and is independently owned, like us.
“An increasing number of Australians are looking to protect their home, with loan protection becoming paramount. ALI Group goes one step further by assisting Outsource Financial’s brokers in the education process and unlike many larger insurance businesses, the ALI team live and breathe lending and brokers as much as they do insurance. Brokers have a moral obligation to bring loan protection to their clients’ attention, and even if they don’t take it, the conversation builds trust between them and their client. Retention and income growth comes with that territory.”
For more information, please contact:
Alannah Green | The Ideas Suite | +61 2 9279 3330 | +61 401 450 600
About ALI Group
ALI Group is the leading distributor of loan and mortgage protection to Australian home and property buyers. Its mission is to protect all Australian home and property buyers from financial hardship and as of July 2016, it has protected more than 160,000 Australians against death and terminal illness, serious medical conditions (such as cancer, heart attack and stroke) and involuntary unemployment – with almost $42 billion provided in cover and almost $65 million paid out in claims. There are more than 3,500 brokers authorised to offer ALI Group’s Loan Protection Plan and it has partnered with key aggregation groups such as Aussie Home Loans, Mortgage Choice, Loan Market and Connective. ALI Group’s loan protection product is underwritten by Hanover Life Re of Australasia Ltd ABN 37 062 395 484 (Death and Terminal Illness and Living Benefit) and QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545 (Involuntary Unemployment Benefit). For more information, visit aligroup.com.au. Australian Life Insurance Distribution Pty Ltd ABN 31 103 157 811 AFSL 226403.
About Outsource Financial
Outsource Financial Pty Ltd has been operating as an independently owned National Aggregator Group for over 15 years. In addition to a full suite of lending solutions our value adds include, Motor Vehicle and Equipment Finance, Risk Insurance, General Insurance, an Automated Marketing System and Innovative Loans Processing Centre to name a few. Outsource Financial is proud to hold the title of 2012 Boutique Aggregator Australian Broking Awards.