A paper on strategies for Consolidated Plans, Incorporated (CPI)

• Main Author: Cedo, Ma. Asuncion G.
• Format: text
• Language: English
• Published: Animo Repository 1999
• Subjects: Business Administration, Management, and Operations
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/2102
• Institution: De La Salle University

The pre-need industry is composed of a group of firms that sell contractst or what we call the pre-need plans which provide for the performance of future service of payment of monetary consideration at the time of actual need, payable either in cash or installment by planholders at prices stated in the contract. Consolidated Plans, Incorporated (CPI) is in the pre-need industry. The principle behind pre-need is the ability to plan ahead for specific needs in the future. More than simply saving money, pre-need plans guarantee a return on investments. More than simply saving money, pre-need plans guarantee a return on investments. A lot of people have the misconception that pre-need plans are the as insurance. This is not the case because pre-need plans are not contingent to an event or accident, like insurance policies are. It is like an availment of financial benefits or service at a definite event or time in the future. Compared to an insurance policy which is basically for a protection, a pre-need plan is an investment savings plan that gives an interest plus free insurance coverage. It is transferable and the benefits are given at a pre-determined value or type of service. Every-need plan includes free insurance coverage. If you buy a plan and something happens to you, the plan gets automatically fully paid.