Is it worth having mortgage life insurance? Most mortgage officers recommend mortgage life insurance (either MRTA or MLTA) when buying a new home. However, before committing to an insurance policy, it helps to do as much research as you can…
Day: December 28, 2018
MRTA vs MLTA
In Malaysia, there are two types of mortgage life insurance available: -Mortgage Reducing Term Assurance (MRTA) or Mortgage Decreasing Term Assurance (MDTA); and -Mortgage Level Term Assurance (MLTA) MRTA is a life insurance plan with decreasing sum assured over time,…