St Peter Life Plan

[BaDz Abadia]

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Any comment on this company?
Nag agent ko ani.

[cebu.opportunities]

agent pud ako ate ani TS. are you required to secure a license to sell?
How about you start a talk with the started topic that we may understand it's benefits, advantages and disadvantages.

I just know a little about this since I don't have one yet but I guess okay rmn siya.
As far as I could understand (if I didn't get it wrong), it is payable for 5 years and when you haven't used it and has fully paid the plan, you can benefit a "money back" starting the 10th year after it has been fully paid. mura ka ga dawat og pension plus the benefit of it's major purpose, a memorial plan.

What's good in it is that it's affordable and is transferable.

[makie29]

Naay agent nidiscuss nako about St. Peter once but sa kadugay na, nakalimot na ko sa details.
However, I can't remember nga naa koy nakita nga bati so I think nindot pud ni.
But mao ra ni akong questions, sa mga claims, nakadeliver ba ang St. Peter pirmi?
Since almost everything now has investment component (health care, insurance, and even memorial plans), kinsa or unsa nga firm ang nagdala or nagmanage sa investments sa St. Peter?

[cebu.opportunities]

So far, na-claim raman to sa amo kaila when her mom died.

St. Peter has several plans depending on the casket, room sa haya, etc.
Services offered are as follows:
- pagkuha sa deceased body from the hospital
- embalming
- casket
- several days for viewing or haya
- porlon car to the cemetery

Payment can be done spot cash, annually, semi-annually, quarterly or monthly.
Same principle goes with life insurances. Monthly payment's total contract price is higher than spot cash/single payment. I'm not sure if until what payment schedule will be deemed as same total contract price as that of single payment.

There are two types sa plan: (according to insurability)
1. insurable
- below 60 years old
- pay higher premium but can enjoy the money back benefit

2. non-insurable
- 60 years and above
- cannot enjoy the money back benefit

Money back (11th year or after 10 years of full payment and the plan has not yet been used) will be given at 20% of the plan's total price per year for five years provided that you're still alive while you can still enjoy the reassignment and transferability benefits.

Reassignment is the term used when it will be used for the deceased person other than the plan owner.
Transferable is the term used when the plan will only be transferred to another living person.