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Broker protects 1,000 Aussies from financial hardship

by James Mitchell4 minute read

A Victoria-based mortgage broker has recently achieved the milestone of protecting 1,000 Australians from financial hardship through ALI Group.

Angelo De Pasquale has been partnered with loan protection provider ALI Group since 2009. He says that in addition to finding the right mortgage for his clients, his role as a broker is to make sure they clients have the right level of cover to protect their family.

“Loan protection is a small price to pay for peace of mind, especially when financial security and job insecurity concerns are widespread,” Mr De Pasquale said.

“It feels good that 1,000 of my mortgage clients accepted the opportunity to be protected. The best advice I can give other brokers is that your job doesn’t stop when you arrange your clients’ loan, you have a duty to ensure your clients are protected and your care will demonstrate that you are thinking about their welfare beyond when they sign on the dotted line.” he says.

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Having recently helped a client make a claim through ALI Group, the broker knows first-hand how life-changing having insurance can be when serious illness or accident hits.

One of his clients took out ALI Group’s Loan Protection Plan in 2007 and upon being diagnosed with cancer in 2016, put in a claim for which she received in excess of $100,000 just 26 days after submitting her claim.

Huy Truong, CEO and co-founder of ALI Group, said that as property prices continue to rise, loan values are reaching all-time highs.

“The unfortunate consequence is that current home and property buyers are more financially vulnerable than ever to unexpected illness and unemployment,” he said.

“Mortgage brokers like Angelo are in such a strong position to inform their clients of key risks and to offer an immediate and affordable protection.”

With brokers now arranging more than half of all new mortgages in Australia, Mr Truong believes a greater adoption of loan protection will have a profound impact on reducing the number of Australians faced with potential financial hardship.

“It’s so great to see brokers like Angelo really looking out for the financial welfare of their clients,” he said. “We are so happy to have him on our team and look forward to working with him and those like him for many years to come.”

[Related: LFI Group appoints national sales manager]

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James Mitchell

James Mitchell

AUTHOR

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

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