Benefits of doing business with ALI
Here are 7 benefits of doing business with ALI Group
1) Peace of mind for your clients and your business
A lot can happen over your client's lifetime. As their broker, you are a key component in helping your clients understand the risks of borrowing and consider their backup plans should the unexpected--such as a serious health event or injury--occur.
ALI's My Protection Plan (MPP) is a policy that helps give your clients peace of mind and safeguard their homes, lifestyles and futures.
2) You control the process
MPP is built for borrowers and is only offered through ALI's authorised mortgage brokers. Unlike a referral model, ALI's broker driven process reduces the risk of your customer having a poor protection experience.
Applying for MPP is a simple process: no medical tests or medical questions are required, and acceptance is guaranteed if your client meets the eligibility criteria.
Using ALI's online application tool, you can easily generate quotes and educate clients on the product. With the flexibility options, you can adjust the level of cover, or monthly premiums as requested by your client to fit their needs and budget.
3) Your clients are in good hands
ALI's approach to their customers focusses on the ongoing relationship with the person behind the policy. This means they make a welcome call to help ensure that customers understand what they are covered for, how the claims process works and that they can amend the policy at any time.
4) Additional Income for your business
ALI's commission payable is approximately $1,604, across the lifetime of the average client's policy*. This extra income for your business requires no additional overhead costs and may only take a ten-minute conversation on your part.
5) Extra Benefits can help offset your client's premiums
In ensuring that protection remains an affordable option for Aussie homeowners, ALI have extensively invested in Extra Benefits: a loyalty program that offers discounts on gift cards for a range of retailers, including 7.5% off Coles and Woolworths supermarket e-gift cards.**
A benefit that ALI customers can claim within their first week of taking out a policy, the everyday savings that customers make through the Extra Benefits program could help cover part--or even all--of the cost of their monthly premiums. Best of all, brokers can also take advantage of this everyday perk.
6) It could be a conversation your client never forgets
Among the many claims paid to ALI customers have been Vow clients whose lives were positively impacted because of the conversation their broker had.
"Oh, gosh, cannot thank my GOD for this blessing. With the COVID-19 situation and my ongoing treatments on a weekly basis, the money went through paying off all my loans and a big chunk of my mortgage payments. Now, I can even pay treatments with my own money other than credit cards."
Vow Customer Teresita, 55, Cancer, $110,134 (Claim benefit paid in April 2020)***
7) On the ground support with a local ALI Group BDM
As an authorised broker, you will be supported every step of the way by your local ALI Group BDM. ALI's team of BDMs bring a wealth of experience, including local market knowledge to help you seamlessly integrate protection into your client service and tailor to your market's needs.
Protect your clients and your business. Contact your ALI Group BDM today or enquire to become an authorised ALI Group broker.
For any questions please reach out to your BDM.
*Based on average life of an ALI Policy of approx. 7 years. Current as at August 2022, based on what ALI Group pays to Vow.
** Discounts as at August 2022, subject to change.
***The current My Protection Plan has been available since 5 April 2021. The above is an example of a customer claim paid on a similar product distributed by Australian Life Insurance Distribution Pty Ltd ABN 31 103 157 811 AFSL 226403. Any advice provided is general in nature and does not take into consideration personal objectives, financial situation and needs. Consumers should consider these and the information in the Product Disclosure Statement (available along with the Target Market Determination, from www.aligroup.com.au) or speak to a financial advisor before making a decision about the suitability of the product. (c) ALI Group September 2022