Financial MRTA vs MLTA vs Term Plus..., whatever they call it
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 Jul 18 2012, 12:48 AM
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#1
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Senior Member
1,139 posts Joined: Aug 2008 
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Good day...
Guys kindly advise, im planning to buy house rm500k property with 2 names. (me & wife) loan 30years under 1 name (me) Let say, 10 years later, I died will this insurance cover the remainding house loan balance? in other words will my wife get the house for free after I die ?  Which insurance policy should I buy.  |
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Nov 5 2012, 05:24 PM
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#2
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Senior Member
1,139 posts Joined: Aug 2008
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Guys ... kindly advise
I just bought a house, MRTA & bank loan (one name) both under OUB bank. SNP (two name) If I am dead, does my wife need to continue paying the balance or MRTA will cover all ? Thanks .  |
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Nov 5 2012, 07:36 PM
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#3
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Senior Member
1,139 posts Joined: Aug 2008
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QUOTE(ecin @ Nov 5 2012, 06:21 PM) The loan and MRTA are under your name, right? Yes, my name.Did you buy the MRTA in full loan amount full tenure, and how many percent of interest quoted?  Yes. Not mistaken 4.2% |
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Nov 7 2012, 11:06 AM
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#4
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Senior Member
1,139 posts Joined: Aug 2008
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QUOTE(ecin @ Nov 5 2012, 10:25 PM) Basically, it is, touch wood if something happens to you, MRTA will pay off your outstanding loan amount. Thank you for the reply. Technically, in more detail, due to the market BLR fluctuation, the protection could fully cover or can go slightly off the outstanding amount. You can see it better for years down the road. |
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