Summary
1. St. Peter – 47 years (since 1970), 97% market share in life plan industry.
2. Rank #177 of BUSINESSWORLD’S top 500 corporations in the Philippines, 2015.
3. It has 328+ St. Peter and affiliated chapels nationwide
4. Pre-need plan – preparation for future use or service, less expensive than at-need.
5. At-need (walk-in) – when you needed right now. More expensive (2x-3x the amount than pre-need).
6. Contestability period (1 year and 1 day) – must not die of natural illness or else must pay the remaining balance before service.
7. Transferable (32 days) – it can be transferred to a living person. It can receive money back if not yet started.
8. Assignable (32 days) – it can be transferred to a deceased person but must pay the remaining balance. It has no benefits.
9. Return of premium – 20% of contract price will be received at 16th yr. up to 20th yr. (living benefit).
10. Lapsed plan – a delinquent plan which has remained unpaid for 61 days since the due date. All corresponding rights and benefits of your plan will end.
11. Unrendered service - beneficiary will receive cash value according to a schedule if memorial service is not performed or the heirs, successors or assigns of the planholder may opt to retain the plan for the memorial services only.
12. Viewing period – chapel (4 days), home (9 days), cremation (3 days)
13. On call 24 hours daily
14. Transport of remains from the place of death to St. Peter chapel and transport to interment (within 25 kms. from servicing chapel)
15. E-burol – through website
16. Free use of chapels UPON AVAILABILITY.
