Hi all

Can someone quote me an MLTA

Age: 31 (Male/Non-smoker)
Loan: RM170k
Tenure: 25/30/35 years
Basic plan (death & TPD)

Thx..

for those who has already bought sufficient Life insurance coverage, always insists on MRTA being OPTIONAL! Why spend the unnecessary? I've gone through at least 5 mortgages in my life and never did I have to pay for MRTA..Tell them you have enough coverage!

hi there...
I also need some quotations for either MLTA or MRTA..basically, i dont have any insurance coverage for myself.

age: 24/female
loan amount: 205k
tenure: 25 to 30 yrs
property under construction

Will buy new property in furture.

Thanks alot.



This post has been edited by kanaga: Jul 26 2010, 06:03 PM

some people just damn rich .

nway, me opted for MRTA coz life insurance not so much the money I planned for my family spending in future if anything happens to me. MRTA specially for house. My banker said no need to cover whole tenure coz when refinance need to buy again. So I plan for 10 years = RM2000. Okla, RM 200 per year.



This post has been edited by saiga: Jul 26 2010, 08:02 PM

saiga, is not abt rich but rather what worth purchasing...

well, that's true. but I've seen many RICH people blindly pay for something they dun even need. For peanuts like me, every cents is important .

will definitely increase my PA once get extra fund

well mlta ain't that too expensive if you break it into monthly installment.. personally, i think it all comes down to whether we want to save or safe..

out of curiousity,, why wouldn't you consider MLTA instead of MRTA where the benefit of buying the earlier one is very clearly laid out in the first page?

coz no budget now. MLTA maybe around RM800 per year compare to MRTA onli RM200 per year

alright , understood..is good to go with budget.

Hi Kanaga... i appreciate your concern ya.
below are some explanation for you to decide ..


Comparison and Features of MRTA/MLTA & Life Insurance Coverage
MRTA
1. Not Transferable
2. Insurability is not Guaranteed
3. No Cash Value
4. Sum Insured decrease every year.
5. Upon any claims (Death/TPD/Accident), processing will take approximately 6 months upto 1 year (estimate) depends on high courts approval based on LA. furious:

Life-MLTA
1. Transferable for new property
2. Insurability is Guaranteed
3. With Savings or Returns (Cash Value)
4. Fixed Sum Insured
5. Upon any claims (Death/TPD/Accident), processing will take approximately 6 months upto 1 year (estimate) depends on high courts approval based on LA.

Life Insurance Coverage
1. Transferable for new property
2. Insurability is Guaranteed
3. With Savings or Returns (Cash Value) + Dividends & Bonus (based on bank interest rate)
4. Flexible Sum Insured ( can increase sum insured to higher value)
5. Upon any claims (Death/TPD/Accident), processing will take approximately 1 month only and no need high courts approval. thumbs:

In case you need any assistance kindly contact Miss.Sangeeta 016-2502911 and she can give you good advice on above matter. she is well experience in both MRTA/MLTA or Insurance coverage process.

cheers...

hi there...
I need some quotations for MLTA
age: 26/male
loan amount: 389k
tenure: 25 to 30 yrs
property under construction

Thanks alot.



This post has been edited by dinor01: Aug 2 2010, 09:39 PM

-deleted-

This post has been edited by yuszairi: Aug 8 2010, 12:26 AM

Does MRTA give refund if you sell your house within your loan tenure?

Hi,

Pls give me a quote for MLTA.
Age 34
Coverage: RM300k
Tenure: 10/15 years
Basic plan (death & TPD) only
Thanks.
My email is yapkoonseng@yahoo.com

Sometimes we see the bank BLR is different in term of MRTA included.
example: BLR-2.2 with MRTA and BLR-1.9 without MRTA.

So what if we get the MLTA, can bank offer BLR-2.2 as well?

There is a lot bank offer the same rate without MRTA too. Just look at those bank will do.

hm..i'm still confused..should I get MLTA or not?
Normally do we buy MLTA for those investment property?

noted

This post has been edited by nowvista: Sep 3 2011, 04:51 PM

Is there anyway for us to calculate MRTA?