Sensasi dalam dunia Forex! Cepat dapatkan tawaran terbaru daripada InstaForex - bonus 45% untuk setiap deposit! Bonus 45% untuk keuntungan yang maksimum!


     
All banners are advertisements only. CG does not endorse or vouch for any advertisers. Read Disclaimer HERE


Go Back   CariGold Forum > GENERAL DISCUSSION > Investor, Business, Entrepreneur > Properties Discussions

CG Sponsors



Recommended Brokers

CG Updates
0 ISIS - Topik Yang Tidak Dibenarkan
Last Post: haQ
Posted On: 28-11-2014
Replies: 0
Views: 1,623
0 Forum rules improvised
Last Post: CariGold
Posted On: 05-02-2014
Replies: 0
Views: 27,709
0 Social Group is now based on request
Last Post: CariGold
Posted On: 11-12-2012
Replies: 0
Views: 58,261
More...
Reply
 
Thread Tools
  #31  
Old 28-05-2012, 11:59 AM
TAKZIM TAKZIM is offline
Active Member

TAKZIM's Avatar
 
Trader Rating: (3)
Join Date: May 2012
Posts: 2,163
Poster Rank: #1856
Thanked 8 Times
Active Level
Default

Mortgage Life Insurance

Mortgage Life Insurances are designed to pay off the outstanding loan balance in the event that the borrower dies or suffers from total and permanent disability (TPD) before the loan is fully paid off.

Basically there are two types of mortgage life insurance available in the market. One type is commonly known as Mortgage Reducing or Decreasing Term Assurance (MRTA or MDTA) and the other choice is Mortgage Level Term Assurance (MLTA).

Mortgage Reducing Term Assurance (MRTA) or Mortgage Decreasing Term Assurance (MDTA)

MRTA or MDTA is a reducing term life assurance specially designed to protect a loan borrower against death or TPD (total permanent disability) due to natural or accidental causes. Some lenders will allow you to finance and add the premium to your home loan (up to a certain percentage of your loan amount).

MRTA or MDTA is a simple insurance policy and has become a common and acceptable policy taken up by the borrower whenever he takes up a mortgage loan. The premium is paid upfront in one lump sum. Some lenders will finance and add the premium to your loan. The borrower can choose the amount and tenure of the coverage and the amount of premium will be determined by these factors as well as his age and gender. Banks normally encourage the borrower to take up this policy by giving better pricing on their interest rates if the borrower signs up a MRTA or MDTA policy.

To the borrower this is relatively a hassle free, affordable and necessary policy as their mortgages are covered in the event of any unfortunate incident that may caused death or TPD.

Mortgage Level Term Assurance (MLTA)

MLTA is a slight variation from MRTA or MDTA and offers an alternative for a borrower who is looking for a life insurance which offers protection plus savings and in some policies returns on the premium.

Premium is paid on a monthly, quarterly, half yearly or yearly basis and the policy holder can choose to have a wider coverage other than death and TPD. The amount of the premium will be determined by the usual factors and the scope of additional coverage.

Comparison and Features of MDTA and MLTA

Life-MLTA
1. Transferable
This policy is transferable whenever the borrower buys a new property or refinances his loan with another bank.

Example: Transfer this policy, adjust the sum assured to match the new loan, as many times as you need.

2. Insurability is Guaranteed
You purchase only once, with the same sum assured, there is no need to prove your health condition again.

3. With Savings or Returns (Cash Value)
Premium paid will be accumulated either as savings or savings plus returns. The cash value can be used to reduce or pays off your mortgage.

MRTA
1. Not Transferable
In most cases, new MDTA policy has to be taken up whenever a borrower changes his properties or refinances his loan with another bank
Example: 5 yrs later, refinancing at the older age, for same tenure of same loan amount, the MDTA cost is higher.

2. Insurability is not Guaranteed
Most of the time every time you finance your property, you have to prove that you are healthy to purchase MDTA.

3. No Cash Value
It is an expense with zero cash value at end of the mortgage tenure.

In lament term with example :
For example : The applicant name is Ken. He's a 24 male and bought a property for 230k but he only take 100k loan.

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.

MLTA scenario
If he purchase same RM100k and 30 years MLTA, he needs to pay RM61 every month and gets the level protection. He can choose to pay monthly, quarterly, semi-annually or annually. If Ken is TPD and can't make a source to pay for monthly installment, the benefits he get is RM100k no matter at which year. If Accidental death it would be X 2, the benefits will be RM200k. This is consider savings and you get the level benefits no matter 1st year or 18th or 30th year. Because the surrender value is high and higher. If Ken have nothing happen at 30th year, he can get back the value he prepaid. This is the benefit you get from MLTA. And, Ken is only 24, if he buy a better property, he can bring this MLTA over to that property and extend it.


for further advise,feel free to pm or email me @ fy_han88@hotmail.com

Han
Mortgage Specialist / Financial Services Consultant
H/P : 013-3747762

PFA ASIA
Financial Advisors Group of
Prajna Advisors (Asia) Sdn Bhd
ZP-03-07, Zest Point, Lebuhraya Bukit Jalil
BK9, Bandar Kinrara, Puchong
47180 Selangor

facebook : http://www.facebook.com/PFA.Asia
website : http://www.prajna-advisors.my
blogspot : www.prajna-advisors.blogspot.com
Tel / Fax: 018-629 9836
[/QUOTE]

yang bahasa melayu ada tak TT?
Reply With Quote
Paid Advertisement
  #32  
Old 28-05-2012, 02:06 PM
fyhan88 fyhan88 is offline
Active Member

 
Trader Rating: (0)
Join Date: Nov 2011
Posts: 1,200
Poster Rank: #3106
Thanked 55 Times
Active Level
Default

Quote:
Originally Posted by TAKZIM View Post
Mortgage Life Insurance

Mortgage Life Insurances are designed to pay off the outstanding loan balance in the event that the borrower dies or suffers from total and permanent disability (TPD) before the loan is fully paid off.

Basically there are two types of mortgage life insurance available in the market. One type is commonly known as Mortgage Reducing or Decreasing Term Assurance (MRTA or MDTA) and the other choice is Mortgage Level Term Assurance (MLTA).

Mortgage Reducing Term Assurance (MRTA) or Mortgage Decreasing Term Assurance (MDTA)

MRTA or MDTA is a reducing term life assurance specially designed to protect a loan borrower against death or TPD (total permanent disability) due to natural or accidental causes. Some lenders will allow you to finance and add the premium to your home loan (up to a certain percentage of your loan amount).

MRTA or MDTA is a simple insurance policy and has become a common and acceptable policy taken up by the borrower whenever he takes up a mortgage loan. The premium is paid upfront in one lump sum. Some lenders will finance and add the premium to your loan. The borrower can choose the amount and tenure of the coverage and the amount of premium will be determined by these factors as well as his age and gender. Banks normally encourage the borrower to take up this policy by giving better pricing on their interest rates if the borrower signs up a MRTA or MDTA policy.

To the borrower this is relatively a hassle free, affordable and necessary policy as their mortgages are covered in the event of any unfortunate incident that may caused death or TPD.

Mortgage Level Term Assurance (MLTA)

MLTA is a slight variation from MRTA or MDTA and offers an alternative for a borrower who is looking for a life insurance which offers protection plus savings and in some policies returns on the premium.

Premium is paid on a monthly, quarterly, half yearly or yearly basis and the policy holder can choose to have a wider coverage other than death and TPD. The amount of the premium will be determined by the usual factors and the scope of additional coverage.

Comparison and Features of MDTA and MLTA

Life-MLTA
1. Transferable
This policy is transferable whenever the borrower buys a new property or refinances his loan with another bank.

Example: Transfer this policy, adjust the sum assured to match the new loan, as many times as you need.

2. Insurability is Guaranteed
You purchase only once, with the same sum assured, there is no need to prove your health condition again.

3. With Savings or Returns (Cash Value)
Premium paid will be accumulated either as savings or savings plus returns. The cash value can be used to reduce or pays off your mortgage.

MRTA
1. Not Transferable
In most cases, new MDTA policy has to be taken up whenever a borrower changes his properties or refinances his loan with another bank
Example: 5 yrs later, refinancing at the older age, for same tenure of same loan amount, the MDTA cost is higher.

2. Insurability is not Guaranteed
Most of the time every time you finance your property, you have to prove that you are healthy to purchase MDTA.

3. No Cash Value
It is an expense with zero cash value at end of the mortgage tenure.

In lament term with example :
For example : The applicant name is Ken. He's a 24 male and bought a property for 230k but he only take 100k loan.

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.

MLTA scenario
If he purchase same RM100k and 30 years MLTA, he needs to pay RM61 every month and gets the level protection. He can choose to pay monthly, quarterly, semi-annually or annually. If Ken is TPD and can't make a source to pay for monthly installment, the benefits he get is RM100k no matter at which year. If Accidental death it would be X 2, the benefits will be RM200k. This is consider savings and you get the level benefits no matter 1st year or 18th or 30th year. Because the surrender value is high and higher. If Ken have nothing happen at 30th year, he can get back the value he prepaid. This is the benefit you get from MLTA. And, Ken is only 24, if he buy a better property, he can bring this MLTA over to that property and extend it.


for further advise,feel free to pm or email me @ fy_han88@hotmail.com

Han
Mortgage Specialist / Financial Services Consultant
H/P : 013-3747762

PFA ASIA
Financial Advisors Group of
Prajna Advisors (Asia) Sdn Bhd
ZP-03-07, Zest Point, Lebuhraya Bukit Jalil
BK9, Bandar Kinrara, Puchong
47180 Selangor

facebook : http://www.facebook.com/PFA.Asia
website : http://www.prajna-advisors.my
blogspot : www.prajna-advisors.blogspot.com
Tel / Fax: 018-629 9836
yang bahasa melayu ada tak TT? [/QUOTE]

http://langkahkanan.com/blog2/2011/1...mrta-dan-mlta/
__________________
Han
Mortgage specialist
fy_han88@hotmail.com
013-3747762
Save your time,increase your chances!!!
Reply With Quote
  #33  
Old 28-05-2012, 10:14 PM
shyrimau shyrimau is offline
Normal Member

shyrimau's Avatar
 
Trader Rating: (0)
Join Date: Jan 2011
Posts: 397
Poster Rank: #6709
Thanked 0 Times
Active Level
My Mood:
Default

produk insuran mana yang terbaek utk ambil MLTA?
Reply With Quote
  #34  
Old 28-05-2012, 10:27 PM
BioForge BioForge is offline
Active Member

BioForge's Avatar

 
Trader Rating: (1)
Join Date: Dec 2005
Location: Senawang
Posts: 1,015
Poster Rank: #3549
Thanked 1 Time
Active Level
My Mood:
Default

takaful family pun boleh guna utk ganti MLTA ni...yg penting coverage sama dengan harga rumah...
Reply With Quote
  #35  
Old 28-05-2012, 10:48 PM
fyhan88 fyhan88 is offline
Active Member

 
Trader Rating: (0)
Join Date: Nov 2011
Posts: 1,200
Poster Rank: #3106
Thanked 55 Times
Active Level
Default

Quote:
Originally Posted by shyrimau View Post
produk insuran mana yang terbaek utk ambil MLTA?
tengok mana yang tuan nak..sama ada yang nak ada guaranteed return + protection = cash value lebih banyak..
ataupon yang jenis ada cash value sahaja..tetapi xbyk..
__________________
Han
Mortgage specialist
fy_han88@hotmail.com
013-3747762
Save your time,increase your chances!!!
Reply With Quote
  #36  
Old 28-05-2012, 10:50 PM
fyhan88 fyhan88 is offline
Active Member

 
Trader Rating: (0)
Join Date: Nov 2011
Posts: 1,200
Poster Rank: #3106
Thanked 55 Times
Active Level
Default

Quote:
Originally Posted by BioForge View Post
takaful family pun boleh guna utk ganti MLTA ni...yg penting coverage sama dengan harga rumah...
yup,boleh je tuan..yang penting ada perlindungan..n bagaiman nak gunakan MLTA ni untuk pendekkan loan tenure or benda2 lain..bergantung bagaiman anda memanipulasikan cash value tu..
__________________
Han
Mortgage specialist
fy_han88@hotmail.com
013-3747762
Save your time,increase your chances!!!
Reply With Quote
  #37  
Old 28-05-2012, 10:53 PM
shyrimau shyrimau is offline
Normal Member

shyrimau's Avatar
 
Trader Rating: (0)
Join Date: Jan 2011
Posts: 397
Poster Rank: #6709
Thanked 0 Times
Active Level
My Mood:
Default

Quote:
Originally Posted by fyhan88 View Post
yup,boleh je tuan..yang penting ada perlindungan..n bagaiman nak gunakan MLTA ni untuk pendekkan loan tenure or benda2 lain..bergantung bagaiman anda memanipulasikan cash value tu..
macam ada maksud tersirat jer nie tt....
Reply With Quote
  #38  
Old 28-05-2012, 11:07 PM
fyhan88 fyhan88 is offline
Active Member

 
Trader Rating: (0)
Join Date: Nov 2011
Posts: 1,200
Poster Rank: #3106
Thanked 55 Times
Active Level
Default

Quote:
Originally Posted by shyrimau View Post
macam ada maksud tersirat jer nie tt....
tersirat?
kalau betul2 tau gunakan MLTA,tuan boleh gunakan cash value yang ada untuk pendekkan tenure loan...bergantung jenis produk juga..
__________________
Han
Mortgage specialist
fy_han88@hotmail.com
013-3747762
Save your time,increase your chances!!!
Reply With Quote
  #39  
Old 05-06-2012, 01:01 PM
tebu tebu is offline
Active Member

tebu's Avatar
 
Trader Rating: (1)
Join Date: Dec 2005
Posts: 883
Poster Rank: #3935
Thanked 77 Times
Active Level
My Mood:
Default

Quote:
Originally Posted by fyhan88 View Post
tersirat?
kalau betul2 tau gunakan MLTA,tuan boleh gunakan cash value yang ada untuk pendekkan tenure loan...bergantung jenis produk juga..
MLTA ni ada produk islamic tak? aku tengah berkira2 nk amik ni..
Reply With Quote
  #40  
Old 05-06-2012, 06:36 PM
fyhan88 fyhan88 is offline
Active Member

 
Trader Rating: (0)
Join Date: Nov 2011
Posts: 1,200
Poster Rank: #3106
Thanked 55 Times
Active Level
Default

Quote:
Originally Posted by tebu View Post
MLTA ni ada produk islamic tak? aku tengah berkira2 nk amik ni..
Ada bro tebu...sory pasal lawyer tu..saya sibuk training..baru dapat buka CG ari ni..
__________________
Han
Mortgage specialist
fy_han88@hotmail.com
013-3747762
Save your time,increase your chances!!!
Reply With Quote
Sponsored Links
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +8. The time now is 05:42 AM.


Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Disclaimer : All posts made by either members or mods even admins on CariGold.com are just only individual opinions, not necessarily or specifically those of CariGold.com or it's owner. CariGold does neither support, endorse nor vouch any programs and/or opportunities discussed here. We also does not give/offer investment advice and we does not research the opportunities discussed here. We simply provide a place for discussion. YOU'RE ON YOUR OWN RESPONSIBILITY IF YOU LOSE SUM OF MONEY IN ANY PROGRAMS DISCUSSED HERE