For MLTA without surrender value at age 28, 30years tenure, and 200k sum assured (cover for death and TPD only)
Monthly premium = RM64.40
Yearly Prerium = RM736.00

To add 36 illness, (RM200k will pay to you if you get any 36 illness)
Monthly Premium add RM44.28
Yearly Premium add RM506.00

Anymore enquries about MLTA feel free to pm me. I'll be glad to offer you the best MLTA that suit your needs and budget.

Onn
017-6100337

MRTA only cover for Death and TPD. But some MRTA can give option to add in Critical Illness rider.
If you interested to know more about MRTA or MLTA, or would like to have some quotation, feel free to pm me your D.O.B, loan amount and tenure.

Yes, when you refinance, you may return the MRTA you brought previously to the MRTA insurance company to get some refund of the remaining years premium. Many people didn't know about this.

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Added on March 31, 2010, 3:14 pmIf you already plan to refinance in future, why pay extra RM20 every month then?

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Added on March 31, 2010, 3:20 pmLoan and MLTA is actually 2 different things. You getting loan package that you things most suitable to you. And then you also choose the MLTA package that most suitable to you too. So it's not necessary to get loan and MLTA from same company. Just compare all and choose the best for yourself.

If you need some quotation for comparison, Pm me your D.O.B, loan amount and tenure.

Goodluck.

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Added on March 31, 2010, 3:21 pmYou have my pm.

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Added on March 31, 2010, 4:01 pmYou have my pm too.

This post has been edited by onnying88: Mar 31 2010, 04:01 PM

Here is the quotation for RM220k coverage for 20years

MLTA with no return = RM613.80/Year

MLTA with Guaranteed return = RM2321/Year
Guaranteed Return at 20years = RM54,454 (your total paid only RM46,420)

Pm or contact me if you need the detail quotation.

You'r welcome. Do pm me if you interested for MLTA or MRTA product or quotation.

What i will advise my clients usually,
You should get the MLTA once you getting your loan, Because MLTA purpose is to cover the loan in case somethings happened to you. So under construction or completed property also the same, as you already own the bank's money. If you are not here anymore when your property is still under construction, who will pay the installment for you later on when your property completed?

Yes, different company will have different MLTA package. So premium and cash value also different.

Pm me your loan amount, tenure ,gender and D.O.B if you interested to get some quotation from Hong Leong Assurance MLTA product. We have various type of MLTA available to choose.

Goodluck

You wouldn't get back all, only part of it. If you really sure will stop after 5 years, I suggest you just take MLTA for 5 years tenure. Only cost RM786/years for RM437k coverage.

You may combine all of it or choose to get it seperately. Some MLTA can be use as your life insurance as well, so you can get it now as MLTA and later on continue to use it as your Life Insurance.

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Added on May 4, 2010, 12:14 pmMay i know your DOB? i can send you some quotation for MRTA and MLTA as well with explanation for both pros and cons.

This post has been edited by onnying88: May 4 2010, 12:14 PM

Pm you already.

For Male, age 30 (1980), cover for RM250k, death and TPD, tenure until age 100. (same premium for 15yrs,30yrs until 70years)

Yearly Premium = RM2712.50

Guaranteed Surrender Value at
15 years = RM42,770 (Total Paid = RM40,687.50)
20 years = RM63,345 (Total Paid = RM54,250.00)
25 years = RM85,385 (Total Paid = RM67,812.50)
30 years = RM108,348 (Total Paid = RM81,375.00)
35 years = RM131,463 (Total Paid = RM94,937.50)
40 years = RM153,335 (Total Paid = RM108,500.00)
45 years = RM172,735 (Total Paid = RM122,062.50)
50 years = RM188,608 (Total Paid = RM135,625.00)
55 years = RM201,398 (Total Paid = RM149,187.50)

Different company have different charges, so it's better to compare every product available before decide which to get.
Do let me know if you interested on this MLTA. Will give you special rebate or freebies if you get MLTA from me.

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

Pm me your loan detail and your D.O.B, i can calculate the premium for you if you need.

Currently there is a lot of bank make the MRTA an optional and not compulsary already, Interest also same without MRTA.

For MLTA, basically there is no need to make it link with the loan, as the policy holder is you. That's mean you or your beneficial can use the surrender value/compensation to pay off the loan when needed.

Depend on which type of MLTA you choose, there is basically 3 types of MLTA for the surrender value.

1) MLTA without surrender value (cheapest)
2) MLTA with non guaranteed surrender value (investment-link product)
3) MLTA with guaranteed surrender value (most expensive among 3 types of MLTA,but surrender value is Guaranteed black and white. Some with interest some without)

Sorry bro, my msn have problem to login recently. Dunno why.
You may email me at onn88@hotmail.com too.
Sorry for inconvenient.

Regards,
Onn

MRTA premium only pay for one time. Only MLTA need to pay yearly or monthly depend on your choice.

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Added on September 15, 2010, 11:10 amAlready replied to your pm. Thanks.

This post has been edited by onnying88: Sep 15 2010, 11:10 AM

You can buy MRTA from any others insurance company or agent for sure.
Pm me your gentle, age, i can give you MRTA and MLTA quotation. No obligation

Let's me explain some of the pros and cons for both MRTA and MLTA.

MRTA is stand for Mortgage Reducing Term Assurance.
Some bank is compulsory borrower to take this insurance when applying loan. The main purpose to get MRTA is to cover the loan amount when the borrower passed away. That's why MRTA is only cover for death and TPD (total permanent disability)

Pros of MRTA
- one time payment only
- premium can be finance into the loan (but interest count in)

Cons of MRTA
- no cash value at the end of policy
- not transferable (you need to buy again when you refinance in future, and premium will higher when your age higher)
- coverage is reducing year by year until the end (just match the loan balance)


MLTA is stand for Mortgage Level Term Assurance.

Pros of MLTA
- monthly payment
- constant premium whole tenure, if RM150/mth, 30yrs also RM150/mth
- Level coverage, meaning if you cover for RM200k, whole tenure also cover RM200k.
- Fully transferable, you may refinance or change property as much you like
- with cash value (p/s : there are few type of MLTA available that is without cash value, with guaranteed cash value and with non guarantee cash value)
- can shorten your loan tenure using the cash value you have in MLTA
- optional to add critical illness rider
- premium can be use for tax relief (Max RM6000 per year)

Cons of MLTA
- you have to keep paying to remain covered

Nope, many banks are optional for MRTA already. But some bank will be compulsory to take MRTA if you want better rate.

If you think you will getting at least one property in hand in anytime at future , it's good to get MLTA to cover the loan for let say 20 to 30years. As the premium will be cheaper compare you get it again later on. As MLTA can be use to cover any loan you have at anytime.

How much you get back for it and is the surrender value guaranteed at 26-28yrs? What is the coverage amount? RM200k each or RM400k each?

Compare with RM400 into insurance and RM400 into loan, Of cause go into loan will help settle the loan faster by a lot. But you will lose all the coverage and benefit from the insurance that you might need in case anythings bad happened.

Will send you quotation from HLA shortly after this.

Regards,
Onn
017-6100337

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Added on November 3, 2010, 3:28 pmYou have my quotation in PM.
Anyone that would like to get some MLTA or MRTA quotation, feel free to pm me. No obligation and it's free. Will offer some free give or rebates only for LYN.

This post has been edited by onnying88: Nov 3 2010, 03:28 PM