HLA - MRTA vs MLTA

Catherine from HLA called up on behalf of Chloe regarding the term assurance. She adviced me to go for MLTA as MLTA is relatively worthy as compared to MRTA. As calculated by her, for RM200k MLTA would only cost me RM160+/month. While for MRTA, it would cost me RM5k in 1 lump sum. The earlier i sign up for MLTA, the cheaper the payment. For MLTA, it will be the same monthly payment for the whole tenure if i were to sign up now. It is something like the insurance. I was worried about the high monthly payment as FP will only join me for the payment as early as next yr. But Catherine told me that with the lump sum of RM5k, i would be able to divide it into monthly payment for MLTA which would be enough for me to pay for years till FP financially stable. What she said has solved my worries as initially when i known about the Term Assurance, i was more into MLTA. I will further discuss with FP. Most probably we will go for MLTA.

I have made an appointment to meet up Catherine on next monday (12/10) at McD Petronas Sg Besi. Her contact no is 012-6780160.