“Do something today that your future self will thank you for” ― Sean Patrick Flanery
Death comes like a thief in the night. That being said, preparing for the inevitable should be on every mortal’s checklist. We should be responsible enough to make sure that we will not be a burden to the loved ones we leave behind. However, today’s life plans are out of reach for the regular Juan.
On October 2, 2017 Cosmopolitan Climbs Life Plan, Inc. (CCLPI) was officially founded which aims to provide affordable insurance to all classes of society, all around the world. CCLPI is a private-cooperative partnership which is the first and the only one in the industry. It is a joint venture of Cosmopolitan Memorial Chapels and CLIMBS Life and General Insurance Cooperative to provide a reliable and affordable service to the public. CLIMBS stand for Coop Life Insurance and Mutual Benefit Services.
There are three kinds of preneed products: pension, educational, and life plan. A number of pension plans have failed due to uncontrollable, unforeseeable market forces. On the other hand, some educational plans have gone wrong because of deregulated and increase in tuition fees. This has created a stigma regarding preneed companies. According to the Insurance Commission, out of 100 companies in 1998 up to present, only 12 preneed companies exist.
Life plan stands out from the rest of the pre-need products. The good thing about it is it offers a memorial service instead of cash making it more convenient for the family of the plan holder.
“It is now time that the private sector and the cooperative sector can join forces. We aim to serve the marginalized sector or the grassroots. And with the synergy, we know that there is no room for failure,” Mr. Fermin Gonzales, CCLPI group executive officer stated
The Insurance Commission (ic) has approved the founding of CCLPI for preneed memorial life plan that is perfect for the timely need of Filipinos. In the next few days, insurance packages from CCLPI are about to be available to the public and will surely be a big help to families so they can have peace of mind about their future and for their loved ones.
Mr. Renato Dychango, chairman of CCLPI, announced that the company aims to give protection not only to the rich but also for the masses.
“A private sector and a cooperative has merged together. Our promise to the buying public is to make sure their protection not only now but in the years to come,” according to Mr. Dychangco.
“The public that we will be catering not only for the people that has money but people also of all kinds of walk in this world. We decided to merge together to make sure that we give protection not only for the rich people but the common people who needs help,” added Mr. Dychangco.
Mr. Noel Raboy, President/COO of CCLPI assures the public that Cosmopolitan-CLIMBS will be able to help many people once their products are available.
“With the birth of a preneed company that focuses on life plan, it’s very exciting. We can serve a lot of people especially in the grassroots because of the affordable plans that we will offer very soon,” according to Mr. Raboy.