Jul 29 2011, 11:25 PM
QUOTE(itsybitsy @ Jul 29 2011, 04:41 PM)
Hi,
1. If I get a housing loan from say, Maybank, can I buy MLTA from AIA/ING?
2. If my loan tenure is 15 years, can I buy MLTA for 30 years?
1. Yes1. If I get a housing loan from say, Maybank, can I buy MLTA from AIA/ING?
2. If my loan tenure is 15 years, can I buy MLTA for 30 years?
2. We buy MLTA to protect our love ones. In case something bad happened, the company (AIG/ING/etc) will help you pay up the loan.
So, if your loan tenure is 15 years, there is no need to buy MLTA for 30 years, unless you have a good reason to do so.
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