Aug 1 2013, 12:43 AM
QUOTE(acrylic_26 @ May 10 2013, 09:24 AM)
So if i already had life insurance, no need to buy MLTA? just take MRTA to cover the house right?
Life insurance just cover your life economic value but not for the house which may be valued above rm500k. How many normal people u noe buy life insurance with sum assured above this value? Thats why it is for a diff purpose. MLTA is better than MRTA
QUOTE(s@ni @ Jul 31 2013, 01:55 PM)
if we re evaluate the sum assured, means that we change the contract, isnt it? so if i took my own life insurance, will the bank take into the consideration this life insurance to offer best interest? or they wont look at it, and offer high interest due to no MRTA/MLTA?
MLTA has no effect with your house loan interest rate. It got nothing to do with banks. They just help insurers sell them. So no worries.This post has been edited by SithBuster: Aug 1 2013, 12:26 PM
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