Jul 2 2012, 02:18 PM
QUOTE(kimsong @ Jul 2 2012, 11:34 AM)
Hi, I was quoted a RM7K yearly premium for MLTA on a house loan of RM450K. I am 40 years old so I guess the age factor is a major one for the high premium. My question is, can I buy MLTA for a smaller amount, says RM 350K? Or even less? Can I top it up to RM450 later? Thanks in advanced for comments.
Wow, your RM7k yearly MLTA premium for loan RM450k is quite high. If you are interest in cheaper premium with the same coverage, you can try call me. Actually, you can buy the insurance in smaller amount like RM350k, just make sure if really something bad happen, your wife or children are affordable for it. If you can afford for the premium, I will suggest to get full coverage by now, because when your age grow older, the premium will be higher. Just a suggestion, hope will help you.
Thank you
Regards
Axtan Ong
HP: 017-5500 905 Fax: 03-2070 8375
Mortgage Advisory
Mortgage Broker Sdn Bhd
http://www.mortgagebroker.com.my/
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