Mar 23 2023, 06:48 PM
QUOTE(alicelimsl @ Mar 23 2023, 03:22 PM)
Hi, reading from most of the post here are mentioned that MRTA is the cheapest way to owned a property with limited budget, but why mine is quoted so expensive? can anyone advise?
Covered 500K for 28 years with age of 42, the total premium is near to 50K.
That’s about RM1.78k a year which is RM148/month. Covered 500K for 28 years with age of 42, the total premium is near to 50K.
Does this also cover Critical Illness?
It’s probably cheaper compared to ILP because there is no investment element and the coverage will reduce over time.
You can always get your banker to reduce the coverage tenure however that would expose yourself/estate to liability in the event the of CI/Death. Assess your overall finances and decide on the coverage you require.
Best,
Jiansheng
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