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A loan and mortgage insurance provider has announced a spring campaign which offers cashback to broker clients.
ALI Group will refund two months’ premium on the 12-month anniversary of Loan Protection Plan policies taken out from 1 October to 31 December 2019 for clients assisted by a mortgage broker.
The group intends for the offer to be a “helping hand” to broker clients who choose to protect themselves, particularly first home buyers (FHBs) who often find the first year of paying a new mortgage challenging.
FHBs make up nearly 50% of ALI’s new policyholders and are a group who often depend on mortgage brokers to help guide them along the pathway to home ownership.
“Mortgage brokers are in an important position when it comes to their clients. The younger generations, specifically the FHB segment, are not likely to seek advice from a financial planner,” said Huy Truong, ALI Group CEO.
“Taking out a large debt for the first time, like a mortgage, is daunting for anyone.
“There is so much going through a FHB’s mind, it’s easy to forget some of the important considerations like if they were to get seriously ill, lose their job or even pass away, how will the mortgage be serviced? Brokers are face-to-face with their clients and are in the best position to raise these necessary questions.”
Authorised ALI Group brokers can access campaign information and material created to support discussions with clients on their Broker Portal, as well as through their local ALI BDM.
