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August 23,2005
Cocoplans: Robust in its trust fund, unfailing in its commitment
Amidst the continuing decline in the country's economic stability, Cocoplans, a two-time awardee for Most Outstanding Pre-Need Plans Provider for 2004 and 2005 from the Consumer's Union of the Philippines and the Parangal ng Bayan Foundation, respectively, cites robust trust fund amounts for its Pension and Education Plans.
In a report from the company's trustee bank, United Coconut Planters Bank (UCPB), Cocoplans posted a total trust fund balance of P973,950,168.12 in its Trust Fund Account as of June 30, 2005. For which, P807,786,278.75 is for Pension and P166,163,889.37 is for Education. The report further stated that the funds are free from lien, restriction, condition or holdout.
Cocoplans' strong trust fund is a clear indication that indeed, the company's planholders are 100 percent assured that they will be given their due benefits on the day promised. As a matter of fact, Cocoplans prepares three months in advance for its maturing plans.
Planholders are also guaranteed of Cocoplans' triple protection with Cocolife as its insurance underwriter, the UCPB as its trustee bank, and of course, Cocoplans itself. Cocoplans has 150 million unimpaired capital stock, double the amount that the Securities and Exchange Commission requires.
"In Cocoplans, we are not afraid of meeting our planholders eye-to-eye, and we will never be. We are genuinely committed in taking care of their investments and become their partner in building a better future for themselves and their families. This commitment drives our company to make better our present stride and to give them their due benefits on the day promised," said Caesar T. Michelena, Cocoplans president.
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