Get a Term life insurance instead of MRTA/MLTA?
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 Mar 23 2022, 04:32 PM
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#1
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All Stars
10,162 posts Joined: Nov 2014 
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QUOTE(Created On 21/1/2021 @ Mar 20 2022, 09:04 PM) Let's say I'm buying a RM500k house, instead of buying MRTA/MLTA, would it be better(and cheaper) to just get a term life insurance which assured RM500k(To cover the housing loan)?   MLTA ? MRTA ?Why not KLTA since you're asking for the "cheapest" and "better". 500,000 coverage If MLTA cost is RM200 MRTA = RM100 KLTA = RM50 This post has been edited by lifebalance: Mar 23 2022, 04:34 PM |
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Mar 23 2022, 05:23 PM
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#2
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(magika @ Mar 23 2022, 05:04 PM) Do i need insurance for property loan ? My brother in law says dunid and he is above around 65 yrs old. It would be expensive for his age group or so i imagine. Unless you have cash to pay off whatever you owe the bank for the property loan. Otherwise, the other option is insurance. |
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Mar 23 2022, 05:31 PM
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#3
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(magika @ Mar 23 2022, 05:25 PM) Still not clear. Do i have the option of taking loan without insurance coverage ? yes you can. magika liked this post
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