Revision of CAPF brochure and customer's data

Cynthia:

Kindly take note of the new Customer Amortization Protection Fund
brochure and customer data sheet:

Kindly request your consultant to revise:

CAF
What is Customer Amortization Protection Fund

Customer Amortization

Protection Fund  -  It is a fund established to provide protection of Holy Gardens Plot, Holy Gardens Memorial Package, and Majorem Lending borrowers in case of natural death.

Features:

1. Transfereable to any living person

2    Asssignable to a deceased person

3.  No medical examination required.  Only self assessment answer to a questionnaire

Benefits:

1.  Unpaid balance deemed paid.   The fund shall pay the unpaid balance of the amortization up to a maximum amount of P100,000 in case the member who is between the age  of 18 to 60 dies while paying the amortization beyond the one year contestable period

2.  Return of Payments Made -  If the member of the Fund dies within 3 years or during the amortization period, the principal  he has paid shall;; be returned to his designated heirs provided the membe6rs age is not beyond 65 at the time of his death and between the age of 18 to 60 at the time of membership

Membership Fee

It is 1% of the TLP for lots, and TSP for Holy Gardens Memorial Package per year.  Only those whose term is for 2 years are deemed to be qualifed for f or membership.

Certificate of Membership:

Certificate of membership are issued to members:

1. Upon submission of duly filled up questionnaire (contained in this brochure)

2.  And receipt of membership fee from the Holy Gardens from whence the contract was completed

Approval of membership  (Use the current form)

CUSTOMERS DATA  (use the form in the current questionnaire)

BENEFICIARY  (use existing form.  But add:

The beneficiary must show proofs of relationship when availing of benefits like death , birth and marriage certificates

HEALTH STATEMENT  (Use/retain the questionnaire)

and add:

1.  Do you smoke

2.  Do you habitually drink alcohol;

3.  Are you currently under the care of a physician (name address, telephone number)

4.  Do you exercise regularly?

5.  Are you engaged in a stressful job/home/environment?

6.  When was your latest physical exam/executive check up

7.  Are you engaged in sports like scuba, car racing, BASE jumping, skydiving, skiing, mountain climbing?

COVERAGE:

1.  Age :   18 to 60

2.  Lifestyle:  non stressful or risky

3.  Not habitually smoking or taking alcohol

4.  Does not have any history of these diseases:

    1.  Hypertension

    2.  diabetes

    3.  COPD

    4.  Cardiovascular disease

    5.  HIV

    6.  LIver disease

     7.  Tumor, cancer and other neoplasm

5.  Exclusion:

    1.  Death during the contestable period of one year from start of date of membership

    2.  Death from accidents, murder,homecide suicide, accidents

    3.  Death from pestilence, epidemics, outbreaks/strange  unknown diseases

   

Contestable period:

It is a period of one year from start of date of membership during which the membership can reserve its right to pay, or contest the health data of the member present; or refuse to pay for any reason whatsoever.

Requirements for payment

1.  The heirs must notify the Holy Gardens sbu from where the produhct service in writing, specifying the amount, the contract number, the rname of the member the date of membership, and Membership number

2.  Certificate of membership

3.  Proofs of the beneficiary of his/her relationship with the member

__I agree to above terms and conditions