Key points in this article:-
- MRTA - Cheap for a reason.
- Is it smart to use existing life policies?
- MLTA - Benefits at a cost.
- Not cheaper or better.
MLTA is widely accepted since last two years, thanks to hardworking life insurance agents. It comes as an option for consumer to select a better option for them, no right or wrong, no cheaper or more expensive but something able meet individual's unique requirement.
Source: Personal Money - November 2011 Page 46 to Page 48