One of the most avoided, if not neglected, topics in life is the eventual loss of a loved one. But when it happens, things immediately turn into chaos - lots of decisions to make, lots of preparations to do, lots of expenses to settle, etc.
The ideal situation for everyone is to have a memorial life plan. But as we all know, that is not the case. Thus, our cooperative has come up with the HPP Life Plan.
Details of the HPP Life Plan and how to avail will be sent separately but essentially, HPP has purchased several St Peter Life Plans that members and their dependents can use "when the time comes". As commonly known, the "at-need" cost of a memorial service can be up to 3x more expensive than its "pre-need" equivalent. So to help members who had an untimely death in the family, HPP can "lend" one of its St Peter Packages. The member only need to replace it with the same St Peter Package which he/she can buy at "pre-need" cost. This is to make sure we have a ready inventory of life plans in case other members would need one.
| Sample Cost Comparison |
St Gregory Plan Pre-Need Cost
|
St Gregory Plan At-Need Cost |
|
Contract Price |
P 47,400.00 | P 115,000.00 |
Yet another innovation of the HPP Employees Multipurpose Cooperative.