IC approves P1 billion worth of preneed plan contracts for Eternal Plans

One billion pesos worth of pre-need plan contracts for memorial services of Eternal Plans was approved for sale recently by the Insurance Commission, securing every life-plan contract that the company sells to the public.

The life plan is one of the three pre-need products that Eternal Plans is licensed to offer to the public. According to Elmer M. Lorica, president and chief operating officer, acquiring memorial services at the time of need is costly, making it a source of needless worry for a lot of Filipinos.

“A life plan will assure them of dignified memorial services at the time of need, taking out worries of the unexpected,” Lorica said, adding that, “we simply don’t sell memorial services, we provide peace of mind.”

Eternal Plans’s life plan, dubbed MaxLife, provides guaranteed funds for memorial services. The fund grows annually until availed, ensuring that it is adequate at the time of need. And the memorial service benefit is assignable to any deceased person, making MaxLife Plan the life plan for every Filipino home.

Eternal Plans also offers a renewable preneed life plan, the only one of its kind in the market today. At a very affordable price, it provides complete and dignified memorial services for deaths occurring during the coverage period.

The memorial services are rendered by more than 300 accredited mortuaries nationwide. This facilitates convenience and offers varied options to plan holders as to the kind of memorial service that one will want to avail of.

 

 

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