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A boutique aggregator has partnered with a risk insurance specialist to incorporate mortgage protection into its core service offering.
The partnership between eChoice and ALI Group is designed to contribute to the company’s progressive customer service platform for brokers, enabling brokers to offer mortgage protection products to borrowers.
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“Being able to offer ALI Group’s mortgage protection products, combined with their BDM, marketing and systems support allows our brokers to protect a broad demographic of borrowers, while diversifying their income stream,” eChoice’s general manager of products and services, Kon Shizas, said.
“It is another key stage in the development of a recognised industry best practice model, whilst continuing to exercise our duty of care.
“Loan protection has always been an important element to consider for a growing number of astute borrowers, so the formalisation of this partnership with ALI will allow eChoice brokers to offer mortgage protection as an essential part of the application process.”
ALI Group chief executive Huy Truong said the group is delighted to be partnered with eChoice on this broker proposition.
“This partnership with eChoice is another example of ALI providing a superior mortgage protection solution for the broker market which is clearly delivering a valuable service to Australian residential borrowers, with over 50 per cent market share," he said.
“We are proud to be the leading mortgage protection partner to the industry, and [it] reinforces our strategy of being the only life insurance business singularly dedicated to the broking industry.”
[Related: Aggregator offers new avenue for broker diversification]
