...every property purchaser be it 1st time purchaser or
investors I strongly encourage to buy either MRTA or MLTA
to protect your property and your love ones.
encourage to buy either MRTA or MLTA to protect your property and
your love ones.
MLTA at an early aged which is cheaper and continue to use it for your
subsequent properties purchase.
BLR Fluctuation
According to Elane, in terms of financial planning the cash value
accumulated from the premium collected after certain years (surrender
value) can also be used to pay off the remaining outstanding loans
in the bank. If you were to take a 30 years loan , you might be able to
make a full settlement much earlier using the Surrender Value of your
insurance premium.
MRTA has very limited coverage but for MLTA you can always buy
additional “rider” example critical illness for extra protection. You can
always add on after you have purchase the policy.
Ultimately, if you asked me which one is better depends on your budget. If
you are on a tight budget buy MRTA which is cheaper and you can also get
the banks to finance in your loan and pay the interest monthly. If you have
the additional budget than I will recommend MLTA as the coverage is much
bet FW"