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 HPPECC Life Plan.
Details of the HPPECC Life Plan and how to avail will be sent separately but essentially, HPPECC 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 is up to 3x more expensive than its "pre-need" equivalent. So to help members who had an untimely death in the family, HPPECC 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 George Plan Pre-Need Cost
|
St George Plan At-Need Cost |
|
Contract Price |
P 36,800.00 | P 85,000.00 |
Yet another innovation of the HPP Employees Credit Cooperative.