from my understanding both MDTA and MLTA got cash value at the end of the tenure or break even but the MDTA not guranteed for the full amount and MLTA guranteed got the full amount. The peremium for MLTA slightly higer than MDTA.They invest the MDTA money to slightly risky investment and you could even get less than what you have pay
. these what the mortgage consultant told me the otherday.

But nowdays all mortgage consultant will encourage their client to take MLTA because of its benefits althought need to pay bit more. I also feel for first time house buyer better should take MLTA because its transferable to another property,easier for us when want to refinance later on and most importantly peremium will not change as we grow older. Other features such as PA/CI also can be included in the MLTA.

I think the features of both MDTA and MLTA pretty much the same, correct me if i am wrong.

For second house onward may be can consider MRTA(low premium) which usually offered by bank and can be financed in the loan, but of course it will add in to the interest.

ALL MDTA,MLTA,MRTA and there is another one M*** i could not remember protect the buyer(death/permenant disability).

ehhh..i also heard MLTA can cover more than one property? is it true?