Mortgage Reducing

Term Assurance
(MRTA)

Protection: MRTA gives you protection which reduces over

time until it reaches zero. MRTA was compulsory in the past.
However, today, you have more flexibility on choosing your
property asset risk planning.

Durations: 5 - 35 years (up to maximum home loan

duration)

Cost: Approximately RM3,500 for every RM100,000

protection. (One time payment / Lump Sum)

Purchase Price / Adjudicated Value (RM)

300,000

MRTA (Approximately One Time Payment / Lump Sum)

10,500

Pros Cons

MRTA is lower cost in MRTA in Malaysia does

terms of total premium not cover critical illnesses
(only death and Total
Permanent Disability
[TPD])

MRTA can be bundle No Cash Value. Even if

together with your home
loan to reduce additional
cash expenses
you cancel earlier, your
may get back only a small
% of premium paid
(closer to zero when
nearning the last year of
MRTA)

Can't decide which one to

choose? Not sure MRTA or MLTA
is better for you?
Get help from a Professional Certified Financial
Planner (CFP) now!

Connect with Pauline, CFP @ VKA Wealth Planners

Mortgage Level Term

Assurance (MLTA)

Protection: Compare to MRTA, MLTA offer the same or

slightly higher protection value

Durations: As long as you need the coverage. (At the

minimum, coverage for 30 years available).

Cost: Approximately RM400 for every RM100,000

protection. (Minimum RM1,200 per year)

Purchase Price / Adjudicated Value (RM)

500,000

MLTA (Approximately per year)

2,000

Pros Cons

MLTA gives you the same Cash value accumulation

or increasing protection which you can withdraw
over time. at any time (or upon
ending your MLTA).

Cash value accumulation

which you can withdraw
at any time (or upon
ending your MLTA).

MLTA is tied to your life. If

you decided to sell off
your property and
purchase a new one, you
can use the same existing
MLTA as risk protection
for new property.

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Headquarter - Oval Damansara
11-3A Oval Damansara No. 685 Jalan Damansara 60000
Kuala Lumpur
Branch - Puchong


16, Jalan Puteri 5/16, Bandar Puteri, 47100 Puchong,

Selangor
info@prestigerealty.com.my