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

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jack2
post Sep 9 2010, 08:58 AM

Mr
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Is MRTA a compulsory to buy when applying loan and bank must force to buy?

Can MLRA be bought later?
jack2
post Sep 13 2010, 12:05 PM

Mr
********
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15,192 posts

Joined: Oct 2004
QUOTE(onnying88 @ Sep 12 2010, 01:35 AM)
Depend on which type of MLTA you choose, there is basically 3 types of MLTA for the surrender value.

1) MLTA without surrender value (cheapest)
2) MLTA with non guaranteed surrender value (investment-link product)
3) MLTA with guaranteed surrender value (most expensive among 3 types of MLTA,but surrender value is Guaranteed black and white. Some with interest some without)
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Awaiting to chat with you in MSN for few days but somehow did not see you.


jack2
post Sep 15 2010, 08:30 AM

Mr
********
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15,192 posts

Joined: Oct 2004
Any insurance agent that selling MLRA?
jack2
post Sep 20 2010, 08:32 AM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(jack2 @ Sep 15 2010, 08:30 AM)
Any insurance agent that selling MLRA?
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Seem like those who PMed me have no interest in doing the business to close deal.

I will give this opportunity to my other friends who are PRU / GE and ING financial planner.

 

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