Thank you Denion. The one suggested by HLA was a very min premium which just covers the loan only. I thought of getting some returns by increasing the premium.

The reason I posted here is to get an idea on which Insurance company is trustworthy. And easy to do the paperwork in case of demise. As well as Long or Short term Pay.

Any suggestions are welcome!

happy holiday people, #StaySafe.

Hi,

Anyone, to help with MLTA?

Thanks

Hi, Jiansheng Teh

I'd like to apply MLTA insurance to cover my house loan. I looking for some advice.

1. is the term MLTA useful?
2. long term MLTA suggested? (equal to House loan term)
3. what are the key areas I should focus in MLTA?
4. Are the returns are guaranteed at least 90% of proposed?

Thanks for the assistance

awesome info! thanks for that.

Term MLTA I referred to fixed payment years and coverage is higher than paid years.

Pay for 10/20 yrs and coverage is for 30/40 yers.

Anyway, All I can see is Insurance is to protect the family and little benefit at maturity if we choose a high premium. 

Thanks,

Thank you Denion. The one suggested by HLA was a very min premium which just covers the loan only. I thought of getting some returns by increasing the premium.

The reason I posted here is to get an idea on which Insurance company is trustworthy. And easy to do the paperwork in case of demise. As well as Long or Short term Pay.

Any suggestions are welcome!

happy holiday people, #StaySafe.

Good morning,

Yes, the cost of insurance will follow as per the table. The cost of insurance is not guaranteed. This is the current rate, any changes to these table, say three years from now, you will be charged the new rates with 3 months notice. That's the standard industry practice, same with other insurers also.

applies to both yearly renewable and level term also?

applies to both yearly renewable and level term also?

AIA's A-Life Wealth Care is an investment-linked plan. You need to check whether your agent quoted is based on age 70, 80 or 100 coverage which will affect the premium. The "savings" inside any investment-linked plan is used to pay off rising insurance charges in the future. Which means that the savings or cash value will deplete on its own when the insurance charges is higher than the return on investment.

If you plan to withdraw the cash value, it basically means that you are spending future money so technically it is not really savings. Make sure that waiver is included in the policy as well so when you are diagnosed with critical illness, you do not have to pay for the premium anymore (until the coverage ends).

When do you need life insurance?
1. If your family relies on you for the lifestyle they are living (including children for their future education).
2. You have debt (house mortgages and other loans)
3. You have a high-risk job
4. You want to build an inheritance for your family

Considering you currently have 3.2 million life insurance (1 mil + 100k + 2.1 mil), you may consider adding critical illness coverage which will pay you cash lump sum if you are diagnosed with critical illness. You can consider similar plans like SmartProtect Legacy Max from Great Eastern.

hi linkham, what is your main concern when she approached you for the RM1mil life insurance? do you intend to increase your protection more or accumulate your wealth more?
hi rodeon, basically if you are just focusing on your house loan, so long the coverage term can cover your house loan tenure (or more its okay also) and the life insuranceamount is also = your home loan amount, then its ok already. the returns in any investment vehicle is not guaranteed ya. the projection is always just an estimation.

Hi Linkham,
Is the proposal an addition to your existing life insurance or you intent to replace it for Allianz PremierLink?

Hi David,
Like you stated above, i am thinking of saving plan comes with life insurance to build inheritance for my family. Even if i were to diagnosed with critical illness and had to quit my job for some months/years, i should be able to continue with current lifestyle and provide food for my family at least till i get back on my feet or my death
Hi Ck,

I want to accumulate wealth more and at the same time increase protection for my family in case I’m gone
Hi Cyclopes,
I am want it to be an addition and surely not for replacment.

Hi David,
Like you stated above, i am thinking of saving plan comes with life insurance to build inheritance for my family. Even if i were to diagnosed with critical illness and had to quit my job for some months/years, i should be able to continue with current lifestyle and provide food for my family at least till i get back on my feet or my death
Hi Ck,

I want to accumulate wealth more and at the same time increase protection for my family in case I’m gone
Hi Cyclopes,
I am want it to be an addition and surely not for replacment.

Hi Ck,

I want to accumulate wealth more and at the same time increase protection for my family in case I’m gone

Hi there,

I am looking for Medical insurance for my dad.

Was quoted approx. RM8.3k with Life/TPD from Great Eastern. 990k annual limit with no lifetime limit. We didnt get to execute that because of MCO and his birthday just passed on May 2. Upon renewing the quote after his birthday(my dad is 65 this year) it has now risen to approx. RM13k annually which is a huge jump.

Life insurance/TPD is optional for me, medical is the priority. GE agent has quote me again approx. RM6k annually for medical only with the same 990k annual limit, no lifetime limit.

However seems that GE has the most negative claim experience so I am looking for options. Please PM!

Thanks

Hi David,
Like you stated above, i am thinking of saving plan comes with life insurance to build inheritance for my family. Even if i were to diagnosed with critical illness and had to quit my job for some months/years, i should be able to continue with current lifestyle and provide food for my family at least till i get back on my feet or my death
Hi Ck,

I want to accumulate wealth more and at the same time increase protection for my family in case I’m gone
Hi Cyclopes,
I am want it to be an addition and surely not for replacment.

Hi there,

I am looking for Medical insurance for my dad.

Was quoted approx. RM8.3k with Life/TPD from Great Eastern. 990k annual limit with no lifetime limit. We didnt get to execute that because of MCO and his birthday just passed on May 2. Upon renewing the quote after his birthday(my dad is 65 this year) it has now risen to approx. RM13k annually which is a huge jump.

Life insurance/TPD is optional for me, medical is the priority. GE agent has quote me again approx. RM6k annually for medical only with the same 990k annual limit, no lifetime limit.

However seems that GE has the most negative claim experience so I am looking for options. Please PM!

Thanks

applies to both yearly renewable and level term also?

Is there a medical insurance that cover visits to general practitioner? Panel/nonpanel etc..

interesting. i'm considering GE as well. how did you get the feedback on negative claim experience?

Hi all, I am planning to get a life insurance with savings plan to maximise my tax relief. My friend recommended Great Eastern Flexi Plus. Do you guyz think it’s a good plan? Is there a better alternative? Thank you

Hi all, I am planning to get a life insurance with savings plan to maximise my tax relief. My friend recommended Great Eastern Flexi Plus. Do you guyz think it’s a good plan? Is there a better alternative? Thank you

hi guys, for life insurance i realised that the total payout is much cheaper for a 5 year plan instead of a 20-30 year old plan.

for example the yearly pay is higher on 5 years for example RM10k for 500k coverage, but RM4k for 20 years. however 10k for 5 years is only RM50k, while RM4k for 20 years is RM80k.

is it actually much more beneficial to get a shorter payment term?