One of the top providers of loan and mortgage protection in Australia, ALI Group has worked with more than 163,000 home buyers and property investors since 2003. They have issued nearly $44 billion in cover thus far. ALI Group has formed lasting relationships with thousands of brokers across Australia, which has contributed to their strong presence nationwide. They are backed by Hannover and QBE Australia, offering even more confidence to consumers. They also have a socially-progressive streak and are partners with the not-for-profit, Maddie Riewoldts Vision, which raises funds for Bone Marrow Failure Syndrome.
Flexible benefit amounts
Strong broker relationships
Comprehensive cover for mortgage protection
Have to pay extra for Accidental Injury Benefit
Only available through mortgage brokers
No variety of products
ALI Group offers one comprehensive Loan Protection product. It includes a Living Benefit, which includes financial support for 11 serious medical conditions, a Death and a Terminal Illness Benefit, as well as Involuntary Employment. This protection means youll have vital financial assistance if you experience a critical life event so you can keep repaying your mortgage. There is also an optional Accidental Injury Benefit, which offers financial support when you cant work for 30 days or more.