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May 20,2005
COCOPLANS cites reasons for stability
COCOPLANS, awarded as the Most Outstanding Pre-Need Plans Provider by the Consumer Union of the Philippines in 2004 and as the Most Outstanding Pre-Need Company by the Parangal ng Bayan Foundation, Inc. in 2005, cited reasons for its continuous stability in a statement given by its President, Caesar T. Michelena.
"We would like to assure all our planholders that COCOPLANS is not experiencing and will not have problems caused by selling traditional education plans," Michelena said.
He said that COCOPLANS, since its inception, never sold traditional education plans which wreaked havoc on other companies due to tuition fee deregulation. This type of education plan promises to pay its scholars' tuition regardless of the amount.
"We really value our commitment and obligation to our planholders. This is why we set up our operations to support this commitment and fulfill our obligations," He added. "We likewise made sure that our trust fund continues to earn well despite the low interest environment."
He was referring to the three-month preparation COCOPLANS do to ensure 100% delivery of planholder maturity benefit on the day promised, and the sound investment strategies it has steadily employed.
The statement also declared that its almost one billion trust fund and 150 million capital stock is free from lien, restriction, condition or holdout.
COCOPLANS Planholders are guaranteed of the company's stability and secured financial growth as it is backed by a formidable company lineage, being under the UCPB Group of Companies.
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