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Loan protection distributor ALI Group has announced the expansion of its broker footprint through a new partnership with mortgage aggregator outsource financial.
The partnership provides outsource financial brokers with access to ALI Group’s loan protection offerings.
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Huy Truong, CEO and co-founder of ALI Group, commented: “[W]e are extremely pleased to join forces with outsource financial to ensure its broker 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.”
Tanya Sale, CEO of outsource financial, said that an increasing number of Australians are looking to protect their home, with “loan protection becoming paramount”.
She added: “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.
“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.”
[Related: Opportunity in cross-sell: survey]
