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Financial MRTA vs MLTA vs Term Plus..., whatever they call it
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ecin
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 Nov 5 2012, 06:21 PM
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QUOTE(blasto @ Nov 5 2012, 05:24 PM) 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 .  The loan and MRTA are under your name, right? Did you buy the MRTA in full loan amount full tenure, and how many percent of interest quoted? |
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ecin
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Nov 5 2012, 10:25 PM
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QUOTE(blasto @ Nov 5 2012, 07:36 PM) Yes, my name. Yes. Not mistaken 4.2% Basically, it is, touch wood if something happens to you, MRTA will pay off your outstanding loan amount. 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. This post has been edited by ecin: Nov 5 2012, 10:26 PM |
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ecin
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Nov 6 2012, 04:49 PM
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QUOTE(Prophunter @ Nov 6 2012, 03:47 PM) Anyone heard of CIMB UTP plan? Did you mean branch? Or, what is that? |
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ecin
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Nov 6 2012, 11:31 PM
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QUOTE(Prophunter @ Nov 6 2012, 08:51 PM) UTP is the ultimate term plan. Life insurance but should suffice for replacement of MRTA/MLTA Promote it here  Could you please share more detail about it? |
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ecin
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Nov 7 2012, 12:43 PM
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QUOTE(blasto @ Nov 7 2012, 11:06 AM) Thank you for the reply.  No problem |
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ecin
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Aug 6 2013, 10:41 PM
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QUOTE(ilovecsk @ Aug 6 2013, 09:15 PM) Need some info from sifu here. I got offer MLTA from AIA(by loan agent), loan 110k 30 years, premium is 1.8k/year, it looks very high is it? I'm 24 now non smoker, u guys have any idea what is the market rate for MLTA to insure 110k 30years? Buy MRTA for house, any personal insurance protection policy buy separately |
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ecin
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Mar 25 2014, 10:55 AM
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QUOTE(Pisanggoreng @ Mar 23 2014, 03:16 PM) One thing I am unhappy about MLTA is the premium so damn high... Imagine monthly premium of 500... Crazy... Took 430k loan for 35 years... Heard ppl say MLTA very good then go buy , coupled with all those life, medical card, and critical illness all I got is 500 per month.. Damn... I canceled it ... Btw I'm only 26 for housing loan, always buy MRTA |
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