I'm buying a house and was considering taking an MLTA instead of the conventional MRTA to insure the housing loan. However I think I need to rethink my decision based on input from this thread.

Basically the MLTA suggested pays back a 'guaranteed amount' upon surrender/maturity of the policy. And based on the simulation the amount is higher than premium paid. However I'm not sure about the tiny terms and conditions as I have not signed the actual contract yet.

Any advise?