Get 40 yrs loan +MLTA at 30, if I'm done at 69?, Regarding MLTA again..
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 Sep 11 2014, 09:56 AM
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#1
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Senior Member
1,559 posts Joined: Oct 2004  
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QUOTE(Iam Power @ Sep 10 2014, 08:51 AM) what i meant is to get the MRTA/MLTA at shorter duration as compared to the loan duration. ie a 40 years loan, taking only mrta of 8 years and settling the loan within the duration. not everyone afford to settle within 8 years. some mid income has to serve 40 years loan to settle the house.the insurance cost much higher when duration is longer.  |
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Sep 11 2014, 10:00 AM
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#2
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Senior Member
1,559 posts Joined: Oct 2004
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QUOTE(tikaram @ Sep 11 2014, 12:16 AM) you go curi makan china chicken make sure wear protection la. +1 good point. |
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Sep 11 2014, 10:02 AM
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#3
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Senior Member
1,559 posts Joined: Oct 2004
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IMO, 100K for MLTA is expensive. My Case is simple. 400K coverage at age 31. Yearly RM 1800. No fix year. When i terminate. i won't expect to get back much of the premium.
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Sep 11 2014, 02:04 PM
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#4
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Senior Member
1,559 posts Joined: Oct 2004
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QUOTE(onnying88 @ Sep 11 2014, 10:57 AM) If the virus you get is after getting the MRTA/MLTA, it's still under coverage if you die. Even you commit suicide after 12 month the MLTA in force, you will still get paid too. You wouldn't get paid only if your death is cause by terrorist attack/war event and maybe some special individual case. does it mean if i'm in MH17, then i won't get compensation ?MRTA/MLTA both cover the same death and TPD, except it's specially stated when going underwriting. If MLTA can't claim, MRTA definitely also can't claim too. |
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