|
News Papers' Articles |
| |
SEC approves MaxLife of Eternal Plans Inc. |
The Securities and Exchange Commission approved recently Maxlife, a new life plan of leading pre-need Company Eternal plans Inc. |
click here to read more about the article
Maxlife is a fixed value-life plan that can be availed of in the form of memorial service or in cash. It guarantees a fund for memorial services that grows for every year that it remains unused.
The Life plan is the first pre-need plan of Eternal Plans when it was started 1981. Elmer Lorica, President and Chief operating officer, said life plan products have changed over the years, but the concept has not changed. Everybody wants decent and dignified memorial service for themselves and for their loved ones. The enhanced assignment feature of MaxLife makes the plan benefits available not only to the planholder but to every member of the Family. “MaxLife is the life plan that every Filipino home should have,” Lorica said.
Eternal Plans has tieups with mortuaries nationwide to provide memorial services to planholders or their assignees.” We are just a phone call away and one phone call does it all,” Lorica said.
Eternal Plans is one of the few pre-need companies that offer Life, Pension and Education Plans. It is a member of ALC Group founded by Ambassador Antonio L. Cabangon Chua.
-Business Mirror
January 21, 2008
Education Assured!!! |
| Students whose tuition and other school expenses depend on an educational plan can look forward to pay in time for the second semester in the current schoolyear. |
click here to read more about the article
Preneed company Eternal Plans Inc. announced that its education planholders and scholars can start picking up their checks for tuition and other school needs starting Oct. 8 at all branches nationwide.
Elmer Lorica, company president and chief operating officer, said that the checks releases pertain to the fixed value education plans.
"We have always released our education plans benefits ahead or just in time for enrollments so that our scholars are not distracted by financial worries and can focus on their studies," Lorica said
Fixed value education plans provide a fixed amount of funds that will mature at the time the child enters high school or college. They replaced the open-ended traditional education plans which encountered problems because of the deregulation of school fees.
Eternal Plans' fixed value plans, Lorica said, guaratees the availability of education fund upon maturity plus transportation allowances and a starter fund. Moreover, the fund provides comprehensive insurance protection to planholders.
-Manila Bulletin
October 16, 2007
Eternal Plans ties up with BDO for collection payments. |
|
Elmer M. Lorica, president and chief operating officer of Eternal Plans Inc. shake hands with Ador A. Abrogena, executive vice president and trust officer of Banco de Oro after signing the memorandum of agreement between the two companies together with (from left) Jumer B. Lecetivo, Amor B. Masigla and Benjamin Ramos from Eternal Plans and Noel L. Andrada and Ma. Florencia P. Esguerra of BDO |
click here to read more about the article
In its desire to ensure the delivery of benifits to planholders when they are due, Eternal Plans Inc. entered a trust deal with Banco de Oro (BDO), adding a latter to three other reputable banks that serve as its trustee banks.
"Foremost in our mind is the good of our planholders. Thus, we only entrust our trust fund to reputable financial institutions, such as Banco de Oro", said Elmer M. Lorica.
The other trustee banks are Bank of the Philippine Island (BPI), Rizal Commercial Banking Corporation (RCBC), and United Coconut Planters Bank (UCPB).
The trust fund guarantees the delivery of benefits provided under the pre-need plan contracts. Trustee banks independently manage the fund, but the Security and Exchange Commision (SEC) closely monitors both the required contributions of pre-need companies as well as the investment and management of the fund.
"Our planholders will receive what we have commited at the time that they are due. We have consistently done this for the pass 27 years now. Its a matter of commitment and responsibility. The agreement with BDO, a leading universal bank, further solidifies this commitment", Lorica said.
BDO is a universal bank that arose from the merge of Banco de Oro Universal Bank and Equitable PCI Bank. It provides a wide range of corporate, commercial, retail and investment banking in the country, expanded to include EPCI's middle market and small and medium enterprises lending, trust, leasing and remittances.
Eternal Plans Inc., a leading pre-need company, is one of the few pre-need companies that offer the three major pre-need products, namely, life, pension and education plans. It is a member of the group of companies founded by Ambassador Antonio L. Cabangon Chua.
-Business Mirror
October 2, 2007
Bayad Center, Eternal Plans forge accord on installment Payments. |
|
Mr. Manuel Lorenzo L. Tuason, president and chief executive officer of CIS Bayad Center, and Elmer M. Lorica, president and chief opperating officer of Eternal Plans Inc. handshake after signing the deal of partnership together with Amor B. Masigla (AVP-Finance) and Roland B. Bongalon (AVP-Marketing) from Eternal Plans and a CIS Bayad Center executive. |
click here to read more about the article
Plan holders of a pre-need company Eternal Plans Inc. will be able to pay their dues through the Bayad Center collection center, following the signing of agreement by the two companies.
Elmer M. Lorica, president and chief operating officer of Eternal Plans Inc. and Manuel Lorenzo L. Tuazon, president and chief executive officer of CIS Bayad Center, signed the collection partnership agreement to make more paymentseasier for plan holders.
Bayad Center's more than 800 collection partners will add to the branches of the collecting banks that accept payments from planholders of Eternal Plans Inc. all over the Philippines. This include Citystate Savings Bank, Planters Bank, United Coconut Planters Bank, and Rizal COmmercial Banking Corporation.
Lorica said with the tieup with bayad Center, Eternal Plans makes it more convinient for its planholders to make their payments, enhancing their ownership of the pre-need plans they are paying for.
"We educate people to take ownership of their future and we enjoin our planholders to own their pre-need plans, as they will help them build the kind of future that they want for themselves and thier families. Part of owning ther pre-need programs is making sure that allrequired installments are paid on time. Thus, having access to payment facilities will help them take care of their pension, education and life plans", Lorica said.
Soon, even overseas Filipino workers (OFWs) can pay for their plans through the Bayad Center, Tuason said, declaring that the center is projected to roll out the facility with collection partners in several countries in Asia and Middle East within the year.
"This will make it easier for our OFW plan holders to save and invest a portion of their income in a pre-need plan, and thus, secure their future", Lorica said.
-Manila Bulletin
August 15, 2007
|
| |
|
|
