Promote it here Could you please share more detail about it?

Thank you for the reply.

No problem

Hi,

For investment purpose can i get a quote for mlta

Loan amount= rm680k
DOB = 1976
tenure= 30 years
Male and non smoking
Property=under construction


Thanks

Hi,

I get an PBB loan offer but include in ODLTA (Overdraft Level Term Assurance). What is this ODLTA? Is this same as MRTA or MLTA?
Appreciate comment to enlighten me

Hi, i need help to decide if MRTA or MLTA, hope anybody can offer advise which do i need as this is more for investment

Loan amount= rm430k
tenure= 30 years
Male and non smoking
Property=under construction

Thanks

Hi, MLTA is better than MRTA.

MLTA
----------
During payment period, anything happen to you such as criticall illness, Total Permanent Disable, accident or death.
Insurance company will pay all the debt and the balance will return to you.

Anyhow, for details/ for appointment

Prudential,
012 - 8904011

This post has been edited by CrystalWee: Apr 26 2013, 11:21 PM

Yes, sure, can you give me your email address?

Prudential
012-8904011

Hi,

For my own stay purpose can i get a quote for mlta

house price - RM398. (loan 90%)
DOB = 1985
tenure= 38 years
Male and non smoking
Property=under construction

Thank you

This post has been edited by acrylic_26: May 10 2013, 08:45 AM

So if i already had life insurance, no need to buy MLTA? just take MRTA to cover the house right?

MLTA serve the same purpose as MRTA, just the MLTA offer you better coverage and others benefit like level coverage(same coverage whole tenure), cash surrender value and etc. Usually MLTA will cost higher then MRTA but you may get back the money at x years. There are few type of MLTA which i can group it under :-

1) MLTA with no surrender value (Term MLTA)

2) MLTA with non guaranteed surrender value (investment link MLTA)

3) MLTA with Guaranteed surrender value (non-participate term MLTA)

I have promotion on going now (30% cash rebate) for all MLTA apply before end of May. Will pm you a quotation shortly. Feel free to contact me if interested to know more.

Regards,
Onn
017-6100337

Simple quotation, base on above detail

1) MLTA with no surrender value (Term MLTA)

MLTA type 1, coverage RM398k for 38 years.
Monthly premium = RM180.39
Yearly Premium = RM2061.64

Surrender value at 25 years = RM30,841 Guaranteed. Please note that this MLTA surrender value at 38 years = ZERO, will have surrender value before 38years only



2) MLTA with non guaranteed surrender value (investment link MLTA)

MLTA type 2, coverage RM398k for up to 100 years old. You may continue until age 100 or terminate it anytime you wish.

Monthly premium = RM300.00
Yearly Premium = RM3600.00

Non Guaranteed as it's base on fund performance.
Projected Surrender value at 25 years = RM70k - RM148k
Projected Surrender value at 38 years = RM80k - RM280k





3) MLTA with Guaranteed surrender value (non-participate term MLTA)

MLTA type 3, coverage RM398k for up to 100 years old. You may continue until age 100 or terminate it anytime you wish.

Monthly premium = RM353.48
Yearly Premium = RM4039.70

Surrender value is Guaranteed.
Surrender value at 14 years = RM57,786.00 (RM4039.70 x 14years = RM56,555.80 = breakeven at 14years. Mean you will get back your money after 14 years and gain more after 14 years. Guaranteed)
Surrender value at 20 years = RM94,728.00
Surrender value at 25 years = RM127,471.00
Surrender value at 35 years = RM200,803.00
Surrender value at 40 years = RM237,077.00


Feel free to contact me for more detail or discussion. There is promotion of 30% cash rebate for MLTA apply before end of MAY .

Regards,
Onn
017-6100337


This post has been edited by onnying88: May 10 2013, 05:17 PM

If you already had life insurance, from which company you took? I work with prudential, if life insurance such as prulink One, we can re-structure the plan to cover the house as well. life and mlta within 1 policy.

it seems many insurance agent here as well

This post has been edited by streetglow: Aug 10 2013, 07:32 PM

Need some info from sifu here.

I got offer MLTA from AIA(by loan agent), loan 110k 30 years, premium is 1.8k/year, it looks very high is it?
I'm 24 now non smoker, u guys have any idea what is the market rate for MLTA to insure 110k 30years?

You can top up your life insurance.

Try get few insurance quotation. I also do like this.

Buy MRTA for house, any personal insurance protection policy buy separately

Depend on the type of the Mlta, you may click my siggy for more detail.
For mlta type 1, it should be LESS then rm50 per month. Detail quotation can pm you once I'm back Malaysia on Friday.

Regards,
Onn

Quotation base on
Age = 24 (1989)
Male
Loan = RM110k for 30 years

1) MLTA with no surrender value (Term MLTA)

MLTA type 1, coverage RM110k for 30 years.

Monthly premium = not available for below RM50/mth
Yearly Premium = RM336.60



2) MLTA with Guaranteed surrender value (non-participate term MLTA)

MLTA type 2, coverage RM110k for up to 100 years old. You may continue until age 100 or terminate it anytime you wish.

Monthly premium = RM98.75
Yearly Premium = RM1128.60


Surrender value is Guaranteed.
Surrender value at 20 years = RM22,919.00
Surrender value at 25 years = RM30,927.00
Surrender value at 30 years = RM39,805.00
Surrender value at 35 years = RM49,518.00
Surrender value at 40 years = RM59,734.00


Do pm me if you need more detail about the MLTA above.

Regards,
Onn