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June 15,2005
Cocoplans: Protecting the Planholder
Cocoplans planholders are among the best protected in the pre-need industry. This is because they are covered with triple protection form Cocolife, United Coconut Planters Bank, and Cocoplans itself. Cocoplans received a certificate of clean bill of health from the Securities and Exchange Commission (SEC) for constantly proving its stability and capability of fulfilling its promises to its planholders. Cocoplans has P150 million in unimpaired capital stock, which is double what the SEC requires from a pre-need company. Furthermore, two credible consumer groups - the Consumers Union of the Philippines and the Parangal ng Bayan Foundation Inc. - recognized Cocoplans as the Most Outstanding Pre-need Plans Provider" and "Most Outstanding Pre-need Company", respectively.
Cocoplans planholders are 100 percent assured that they will get their benefits on the day promised as Cocoplans prepare three months in advance for maturing plans. Also, almost 90 percent of Cocoplans' investments are in government securities, which earn 18 percent interest. Cocoplans' 150 million capital stock can support its trust fund since it is free from lien, restriction, condition, or holdout.
Cocoplans planholders are also some of the most privileged pre-need clients in the market today. Only Cocoplans, for example, has the Value Investment Plan, or VIP. A VIP plan with a maturity value of P1 million gives a yearly benefit of P100,000 starting at the end of the sixth year up to the 14th year. On the 15th year, a planholder receives another P1 million. For education plans, meanwhile, Cocoplans has CLASS or Cash Leverage for Academic Assistance. CLASS is a unique education plan that caters to the in-betweens of sending a child to school. It specifically addresses the allowance, books, projects, school uniforms, and other expenses related to education.
With sound investments and unique products like the one that Cocoplans has, it's no wonder the company has earned a reputation for delivering on that all-important promise - to protect the planholder.
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