I have a question. Following the example given on the first post,

"MRTA scenario
So if he purchase RM100k for 30 years MRTA the premium will be RM2165 and the surrender value from time to time is less and less. So, if anything happen to Ken at 5th year, the benefit he get from insurance com will be RM95299 while 10th year will be RM87319. So at the end, the value will be zero at 30th year."

Question: What if at 5th year, Ken's loan balance is only 50k (i.e. he is paying his loan faster than scheduled), will he still get the RM95299 or RM50k?

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Added on August 11, 2011, 2:26 pmSecond question, following the same scenario.

"MRTA scenario
So if he purchase RM100k for 30 years MRTA the premium will be RM2165 and the surrender value from time to time is less and less. So, if anything happen to Ken at 5th year, the benefit he get from insurance com will be RM95299 while 10th year will be RM87319. So at the end, the value will be zero at 30th year."

Let's say Ken has a wife (Chun Li), both their names under the same loan, both bought the same MRTA.
(1) What if Ken die/TPD first and few years later Chun Li die too. Would the nominee get 2 round of payment from insurance company?

(2) What if they die/TPD together at the same time? Would it make a difference?

Thanks in advance...







This post has been edited by yewsiong: Aug 11 2011, 02:26 PM