Traditional and ILP both have their benefits.
ILP you can get big protection in young age with cheap premium. However, when we are getting older, the insurance charges will increase drastically. Thus, if you were paying quite a low premium for that, your cash value inside the policy might not sufficient to cover the insurance charges and riders.

Vandoren,

The insurance charge is a figure based on risk factors associated with a particular gender and age.

ILP premium payments don't increase with age but the amount paid (insurance charge) by selling your investment units would increase many fold by the time you reach 55 etc. This insurance charge table is usually provided in the ILP quotation from your agent.

You can assure your friend that her premiums would remain as it is but she may not be able to afford newer policies if she buys at an older age.

Cheers,

HH

Traditional policy might be more expensive compared to ILP. However, the premium is fix because it do not have insurance charges for that. Another benefits is that the death benefits will continue to increase with age. Lets say you buy 100k protection at age 30, the amount of protection will increase with the cash value and it might reached 400-500k, and with the same premium you pay. Like me i bought a life insurance at age 1 about RM20 per month, now i still paying RM 20 per month and the protection is massive.

MLTA = insurance for mortgage....
Do you have extra coverage?
if not, i think, you better don't assign it..
let your beneficiary to think about what to do with the fund..

As long as the policy is yours, you can assign to the bank.
But what for you assign it to the bank?
if you assign, you can get better rate?
btw, i dont think you can assign only 135k to the bank..
are you married?

MLTA/MRTA is actually insurance..
which means, if anything happens to you (for your case, critical illness/death and tpd), 135k will be used to repay the loan, and the rest 115k for your beneficiary...
why does your agent ask you to assign to bank for the first place?

Then i don't understand why they ask you to assign to the bank. For me, i will not assign to the bank because after assigning to the bank, you have no rights on the policy anymore. Just my 2 cents..

is it term? non par policy?
which means, if death= 100k+250k+25k+dividend
if CI= 250k+25k+dividend  and upon death RM 100k?
how long is your term?

If anythings happens to you, this fund will be paid to your mother. She has fully control of the fund.
But if you assign to the bank, the bank will fully repay the housing loan first. Then only pass the remaining to your mum.

Oh, regarding single or married. Before married, parents as nominee then the policy is a trust policy. If after married, then parents are not trust policy.

250k term @70 also?
Hmm, actually, you are secured at this moment even you don't assign to the bank.
If anything happened to you, your beneficiary will still get the money.
If you feel not comfortable, you can just assign the 100k term life to bank.
btw, how come you need so much coverage?
total of 375k..

lol. Considering a very comprehensive planning for now and future, in my opinion, you buy too much term at this age.
But now, after getting your housing loan approved, then this 375k coverage is just nice. (still have 115k CI and 100k life.)
(ideal CI sum assured =3-5 times of your annual income)
Don't burden yourself with too much insurance. but try getting a medical card to make your whole planning comprehensive.
Dont worry, at your age ( i assume less than 28), you can buy more than 500k but you will need to do simple medical checkup if more than 500k.
btw, if you are healthy, why scare of doing medical checkup?
Still, why buying too much insurance?
go for saving and investment if possible. (equip yourself with investment knowledge before you start doing so)

Go ask a few more expert. See what them says.
Be happy. don't so stress la. make sure nomination is done properly will do.