Austbrokers Life, the specialist life insurance division of Austbrokers, has entered an agreement with Australian Unity Personal Financial Services (AUPFS), a member-owned wellbeing company with 400,000 members and over 700,000 customers.
As part of the partnership, AUPFS has authorised Austbrokers Life to provide financial advice under the wellbeing company’s Australian Financial Services License (AFSL). The wellbeing company will also deliver strategic and other support to Austbrokers Life to enhance the quality of advice its clients receive and provide access to broader solutions to clients in financial advice, trustee services, banking, and health insurance.
Ben Donald, managing director of Austbrokers Life, said he expects the company’s life insurance clients will significantly benefit from the partnership.
“Financial guidance is a core component of what we do, enabling our expert team to advise Australians through life. Receiving this support from Australian Unity is a strong validation of the quality of advice we provide. It will enable our business to benefit Australians in new ways with a more comprehensive advice offering,” Donald said.
AUPFS’s range of health, wealth, and care products and services aims to provide members, customers, and communities value that supports personal and community wellbeing.
Matt Brown, executive general manager of AUPFS, said the two organisations’ shared values would ensure a successful partnership.
“Australian Unity is delighted to partner with Austbrokers Life, an organisation that is like-minded in its deep commitment to delivering quality advice and financial solutions that support the wellbeing of Australian households,” he said.