September 27, 2019
Upgraded features of Holy Gardens Memorial Plan to be made as product brief
Holy Gardens Memorial Plan Proposed updated finalized product brief
1. The Product
It is a legit plan approved by the Office of the Insurance Commissioner for prepaid installment plans for memorial services:
Funeral, Interment and Cremation. Since it is authorized the buyer is assured security and peace of mind. OIC has taken steps that the product/service promised will be delivered.
It is to be presented as a non trad plan ie it is a fixed money value plan to pay for the services rendered. (FMV Fixed Money Value Plan, or MVP - Money Value Plan
Thus one plan, contract covers all range of product prices, and wide range of memorial services being offered: funeral, interment, andcremation.by Holy Gardens Group
For funeral, multiples of White Rose package contract will be used if the customer subscribes to higher end service
Thus: one white Rose - Package of P37,500 at need
two white Roses - Package of P75,000 at need
three white Roses - Package of P112,500 at need
one white Rose - Package of one Interment Service de Luxe
one white Rose Package of one cremation service with Rented Metal Casket and one day free
viewing
Prices: To be presented as monthly amortization - P625.00 monthly for 60 months without interest
Cash - 37,500 x 90% P33,750 only less 10%
Annual 37,500 x 95% 7, 125 ony less 5%
The discount is possible because of savings in collection fee (may insurance pa rin) for annual
and savings in collection fee and insurance for cash
Benefits:
To be enjoyed by the customers 60 days after purchase...
A. Regular benefits
1. First call response within 24 hours when the hotline is called for pick up, embalming and presentation in
casket preferred.
2. Guaranteed interment service as featured: pick up embalming, transport, viewing at home for packages below
P90,000,. viewing at chapel above that amount.
3. Insurance protection during paying period:. Dual insurance, double indemnity:during paying period for the protecton
of the buyerss ability to pay.l
Term life insurance - Insurance for the principal at the beginning of the contract..Thus balance is paid to Holy Gardens, and the amount paid is returned to the beneficiary
Personal Accident Insurance - in case of accidental death of the payor, due to drowning, falls,and vehicular accident, the payors beneficiary is benefited. In case of disability (the principal surviedd
the accident, , amortization deemed paid up to 100% depending on extent of disability
As of now: maximum of P100,000 only
. Preferred memorial service: tarpaulin announcement, obits, tribute and or short video clip, free coffee on fist night, free flowers, and more if the package cost more
WHAT WAS PROMISED AT THE SIGNING OF THE CONTRACT IS WHAT YOU GET
B. Special benefit:
1. For park buyers of Holy Gardens: complimentary upgrade to the next higher level Thus if you buy a White Rose package
and you are a previous Holy Gardens Lot buyer, this will be upgrades to Gladioli a service worth P56, 250 at need
two white Roses, (Cattleya) woth P60,000 will be upgrades to P93, ,750. Wow what a big benefit
Unlike the practice of other Memorial Plans that:
1. Present ugly casket so that the buyer will upgrade to the casket they like up to P100K
2. Chapel managers get 10% cut
2. Upgrade to next higher package for plan buyers whose plan lasted 10 years and beyond after full payment
3. A new plan to be given, and amortized in five years to the primary beneficiary if the principal buyer is surviving at 40 years and beyond
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