1. MLTA is very similar to traditional life insurance.

Main features of MLTA:
- Policyholder is protected against death/TPD as well as coverage for critical illnesses.
- Sum assured does not decrease overtime unlike MRTA.
- A portion of the premium goes to investment which can be withdrawn anytime.
- Transferable whereas MRTA is non-transferable and stick to the original property purchase.
- MLTA's beneficiary is you whereas MRTA's beneficiary is bank

Because of these extra coverages, MLTA's premium tend to be higher than MRTA.

2. Depending on your needs. You can have the MLTA designed for whole life or just for a period of 20 years.

3. Add critical illness coverage and waiver rider. Ensure that policy sustainability can last for the period of coverage.

4. Returns are not guaranteed. 90% of proposed is relatively on the high side. You or your agent should monitor your funds in the insurance policy and advise you accordingly on when to switch funds based on market performance.

The other insurance agent has already more or less given you an answer to all your questions.

If you’re currently applying for a loan, do get the information on the MRTA offered by your bank. Compare their benefits and cost then you can make your decision.

If you currently already have a property loan but no insurance, you can consider a MLTA or even a term loan. Which product you choose really depends what’s your plan for the property that you’ve purchase and also your own financial situation.

Best,
Jiansheng

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.