Loan Protection Plan

You may be wondering why you need Loan Protection Insurance. Loan Protection Insurance can offer financial aid in the event of serious medical conditions, terminal illness or death, and can used for any purpose including making repayments to your loan.

What is Loan Protection all about?

Loan Protection Insurance ensures your financial survival in the event of a death or serious illness. This type of insurance can protect individuals and families from being obligated to sell their assets in order to keep up with their mortgage repayments in these circumstances.

At FLR Solutions, we can offer Loan Protection Insurance as a part of a Loan Protection Plan to all our valued clients. This insurance can be set up simultaneously with applying for a mortgage, as it is designed particularly for the needs of persons taking on a mortgage.

In the event of being diagnosed with serious medical conditions, terminal illness or death, your Loan Protection Insurance can assist your financial situation with a lump sum payment.

Consider these alarming facts:

• More than three out of four Australians will be diagnosed with a serious illness in their working life.
• One in five working age parents will die or become seriously ill or injured.
• One third of women and a quarter of men will suffer from cancer during their lifetime.
• For every Home lost to fire, 4 Homes are lost due to death & 48 Homes are lost due to disability.
• Did you know?, of the working population, one in six men and one in four women are expected to suffer a disability from the age of 35 to 65 that causes a loss of 6 months or more from work
• 50,000 people have heart attacks every year, and one every 12 minutes suffers a stroke

If you have a mortgage:

If you have a mortgage you must consider the effects on your partner or family and your ability to repay your mortgage if you or your partner dies or suffers serious medical condition

You have an obligation to consider these questions and decide how best to protect your mortgage

You should think about:

• How would your mortgage be repaid in the event of your death or if you suffer a serious illness or injury?
• What protection you currently have?
• If you don't have adequate protection, are you willing to accept the consequences?

WHY ALI Group?

Since protecting our first customer in 2003, ALI Group has grown to become the leading provider of mortgage protection,

• In an uncertain world where home owners are at risk, ALI Group provides affordable mortgage protection that's easy to understand, obtain and claim.
• cover is available through mortgage brokers only.
• having provided around $25 billion cover to almost 100,000 Australians.
• offer simple, easy to understand mortgage protection
• Cover is provided by Metlife Australia Limited, one of the country's leading life insurance companies.
• Different from majority of providers, we begin your application process by assuming you are eligible for the cover. We ask only necessary and basic information, and don’t require a thorough investigation of questions, tests or medicals.

The benefits of dealing with ALI Group:

• Convenience: When you are applying for your mortgage, Loan Protection Insurance is obtainable at the same time, protecting you immediately.
• Simplicity: The application process begins by assuming you are already eligible for the cover. Only basic information about yourself is necessary, you do not have to go through an exhaustive personal investigation of questions, tests or medicals.
• Risk Free: We provide a 3 month free cover period before your premiums begin. This ensures you avoid feeling monetarily pressured and can take your time to contemplate all your options.
• Inexpensive: Your Loan Protection cover will usually cost less than the average charge of a daily coffee.
• Flexible: Your circumstances are bound to change from time to time, and you have the ability to alter your insurance policy to suit them – at no cost.
• Confidence: You can trust in ALI Group, as they are independent mortgage protection specialists, and are dedicated to finding the best options to meet your needs.

What's Covered by ALI Group? The insured conditions covered are;

• Alzheimer's Disease, dementia
• Cancer
• Coronary artery bypass surgery
• Heart Attack
• Kidney Failure
• Loss of independent existence
• Paralysis
• Severe Burns
• Stroke
• Total loss of hearing
• Total loss of sight

Talk to your FLR Solutions Finance Broker about LOAN PROTECTION PLAN

Your Finance Broker/Adviser will be able to provide you with information about the product together with a PDS, Product Disclosure Statement at the same time you apply for your loan. The Product Disclosure Statement contains the detailed information on Loan Protection Plan and this should always be considered in deciding whether you wish to apply for the product. Finance Brokers/advisers offering Loan Protection plans are doing so as the Authorised Representative of ALI, Australia Life Insurance

Please Note: Important Information

Cover is provided by Metlife Australia Limited. You can obtain a copy of the Product Disclosure Statement from your broker. This should be considered when deciding whether to acquire the product. Any advice contained in this material has been prepared without taking into account your objectives, financial situation and needs. Before acting on this advice you should consider the appropriateness of the advice having regard to these matters. The statistics on this document are from reputable government and industry sources and the quotes and videos are from actual ALI Group policy holders whose full details have been withheld for privacy reasons.

Information on this website is provided by Australian Life Insurance Distribution Pty Limited. This company is the holder of an Australian Financial Services License (AFSL 226 403).