Apr 29 2014, 03:55 PM
QUOTE(zliwy @ Apr 28 2014, 11:41 PM)
Hi...want some clarification
For MLTA, in d event of death the insurance company will settle d outstanding loan amount while balance of d premium paid (cash value/investment link/surrender value) will b given to d beneficiary?
Ya,,u r right,,because the sum assured for MLTA will not decrease over the tome while MRTA does. This is the biggest advantages for MLTA compared to MRTA. However, premium of MLTA will more expensive than MRTA..For MLTA, in d event of death the insurance company will settle d outstanding loan amount while balance of d premium paid (cash value/investment link/surrender value) will b given to d beneficiary?
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