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Financial MRTA vs MLTA vs Term Plus..., whatever they call it
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noswear
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 Jan 31 2012, 10:40 AM
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QUOTE(ahlik @ Jan 30 2012, 11:16 PM) Hi all need your advise I am first time buyer. Curreny i am applying housing loan through hL bank around 300k. They offer me MRTT and charge me aroubd 7k++ n my wife 5k++. How come it so high a? Is it an usual charges for this MRTT loan? it depends on tenure of coverage, age and loan amount....so it varies person to person....and for insurance products....charges more or less the same across insurance companies as they are regulated......so dun need to worry about overcharging you..... is good to buy at least an MRTA / MRTT (if budget constraint) for your primary house, if have bigger budget......ask for Life insurance with critical illness will be the best.... This post has been edited by noswear: Jan 31 2012, 10:42 AM |
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noswear
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Jun 7 2012, 11:05 AM
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QUOTE(doink37 @ Jun 7 2012, 10:36 AM) Don't forget, MLTA got cashback. after 15 years you can drop policy and you will get back everything you paid for. unless you have rider like CI, then you won't get all, probably slight deduction. Yeah long term wise MLTA is whole lot better.....ie better coverage, cash back, etc..... if you on budget...then take at least MRTA. |
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noswear
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Jun 7 2012, 04:25 PM
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QUOTE(doink37 @ Jun 7 2012, 02:50 PM) even if short term also it's ok. can use investment link where you can change the sum assured with different premiums. so it's also good. transferable from one property to another. sorry cause investment link not my preference..i only buy it for medical card.... the fund performance depends on the unit trust performance i selected... i prefer something more conventional ie life insurance which depends on the overall performance of the life insurance company....  |
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noswear
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Jun 8 2012, 04:19 PM
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QUOTE(doink37 @ Jun 7 2012, 05:27 PM) well that depends on your agent what units to choose. depends on their advise haha...i am also an insurance agent myself.....  |
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noswear
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Jun 20 2012, 09:32 AM
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QUOTE(songavenus @ Jun 20 2012, 04:00 AM) Just a dumb question, if MRTA is already purchased for the property, is it advisable to purchase MLTA for the property? So that in case i need to buy another property in the future, I can transfer the MLTA to the new property. or would you suggest to buy life insurance instead? correct me if i m wrong.... isnt MLTA similar to life insurance ......its juz the way they name it.... |
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