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Financial MRTA vs MLTA vs Term Plus..., whatever they call it

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R o Y
post Mar 7 2010, 06:48 PM

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QUOTE(one3rd @ Mar 7 2010, 05:36 PM)
Hi Guys, need your opinion on this.... notworthy.gif  notworthy.gif

Condo Price    : RM 425,000.00
Loan                : RM 382,500.00
MLTA Coverage: RM 400,000.00 (TPD / Death)
Rider              : RM 400,000.00 (36 Critical Illness)-can claim up to 3 times (RM 1.2 mil coverage)
Funds              : 60% High Risk fund & 40% Low Risk fund
Monthly Loan    : about RM 1,900.00
Monthly MLTA  : about RM 310.00

Wat do u guys think...? notworthy.gif  notworthy.gif
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What's your age and health profile like?
R o Y
post Mar 24 2010, 12:29 AM

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QUOTE(lowyatben @ Mar 17 2010, 05:50 PM)
Hey sifus all,
Is it true that most bank do not offer MLTA?
So is it better to get it from an insurance co.? IIRC, AIA or is it MAA offers loan interest 5.25 fixed for entire loan tenure so is it better to also get MLTA from them then?

Thanks in advance,
*
Banks do not offer MLTA because only insurance companies can offer insurance. Even MRTA is not by the bank but by insurance company.

Whichever bank you get your loan from, you can still take MLTA from any insurance company you like. Meaning if you get a loan from ABC Bank, you can still buy MLTA from AIA, ING or any other insurance company.

Please call/email/PM me for further info.

Regards,
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