October 30, 2014

Product lines, cost, with SRP, basic definition

For your guidance:

Proposed names

Ash crypts   -  Gems

Body crypts -   Flowers

Funeral service  -  Saints

Combo package - Fragrances


1.  Product categories

    1.1.  Basic Stand alone

           IS 

           Cremation

           BC

    1.2   Combos Packages

    1.3  Low end products  (pang masa)  (anything below 50t

    1.4  Classy  (anything above 100t)

2.  Mark ups 

    20% for pang masa to cover OH and commissions;  and discounts if any

   40% for all others

3.  Universal:

    Plans will cover only regular plots, services and upper and lower tier of BC crypts;  special location will require premium upgrades.

   Plans are not covered by Sundays and holidays restrictions, but not subject to to OSCA discounts

4.  Insurance and installment protection  (built in)  one year contestability period

    1.   Installment deemed paid upon natural death;   however, failure in age restriction (18 to 60)  and adverse health conditions denies them the coverage

    2.  ADD - balance deemed paid  upon accidental death

    3.  Total disability -  loss of eye and limb exempts the buyer from further installments

    4. The insurance is built in the payments;  no further payments required

    5. Ceases upon transfer or missed payments

5. Return of payments

    In case the customer is still alive, and is still between the age of 18 to 20, there will be return of payments on the end of 21st until 25th year, 20% of the principal until fully paid.

   Such benefits end in case of transfer or death...

6.  Manner of payments and interest straight line, discount

    Cash, Annual (without interest)  Semi annual  (10% interest)    Quarterly (12%) and monthly  (15%)

    8% spot cash discount

    5% 30 days payment

    2% for 60 days payment

7.  Products:    CGS and  MA

   7.1  Basic:

         7.1.1 Interment service

CGS              SRP           A               SA            Qtrly            Monthly

17,000          23,800        4,760        2,618       1332.80         456.16

        7.1.2   Funeral service

             Features: 

             Product Name  -    Name

             Wooden casket, with full body viewing, elegant interior, 2 nights 3 days viewing  +  embalming and cosmetics

 Cost:          casket   -                                20,000

  Chapel use 2 nights (non aircon)              5,000
                                                                   25.000

CGS           SRP                A             SA            Qtrly            Monthly

25,000        29,965       5,993.20     3,299        1,678.10        574.32   


Product name   -   Name?

Metal -   local, full glass, elegant interior, with lighting, imported interior. double cover.

Cost      

Metal Casket  plus embalming      - 40,000.00

Chapel use   3.5 x 3                        10,500.00

 Hearse                                              5,000.00
                                                        -------------
                                                       55,500.00

SRP   -    77,777.00

Cost           SRP                   Annual              SA           Qtrly          Monthly

 55,000       77777.00          15,540.00        8,555.50   4,335.51       1,490.72

Product Name:      Name?
Imported metal casket

Full body view, double cover elegant interior

Casket cost                           - P80,000

Embalming                            -     5,000

Hearse                                        5,000

Chapel use                               10,500
                                                ________
                                                100,500

Cost               SRP               Annual          SA          Qtrly          Monthly

100,500        140,700.00      28,140      15,477       7,879.20      2,696,75

7.1.3  Cremation

Cremation                       18,000

Urn                                    3,000
                                         21,000
Name?

Cost             SRP               Annual          SA         Qtrly            Monthly

21,000         25,200            5,040
7.1.4     Body crypts

            Body crypt (apartment  5 year lease)                16,000 
            A and D only

            Service  - tent + 24 chairs + tent  + marker        3,000

                                                 Cost                              19,000

                                                  SRP                             22,800

2. Combo packages

     Core  -  Plots

2.1 Plot plus interment service

Name (Suggested)

Plot         -   P45,000.00 universal

IS                  17,000.00

Total             62,000.00  (MU of 20% for this combo

Cost           SRP      Annual        Semi Annual     Qtrly       Monthly

62, 000      74,400    14,880         8,184.00          4,166.40     1,426.00

2.2.   Plot plus chapel use +  interment service

  Plot                                45,000

 Chapel use                    10,500

Interment service            17,000
                                       ________

                                        72,000

SRP    -                           89,500    (introductory price 20% mu only)

2.3  Plot plus chapel +  interment  + funeral service  (wood)

Plot                                 45,000

Chapel  use                   10,500

Interment service           17,000

Wood casket                  20,000
                                    _________

                           Cost   92.500

                           SRP  111,000

2.4  Plot + chapel use + IS  + metal casket

Plot                                45,000

Interment service          17,000

Chapel use                    10,500

Metal casket (local)                 50,000
                        Cost      122,500

                        SRP      147,000

2.5  Plot + Chapel use +  IS + Metal Casket

Plot                                 45,000

Interment service           17,000

Chapel    use                  10,500

Imported metal casket     80,000

                         Cost       152,000

                         SRP       183,000


Core    -  Ash crypts

2.2  Ash crypts  + cremation  + urn

Ash crypt   (upper 2 and lower 2 only)                 35,000

Cremation                                                              18,000

Urn (basic)                                                                         3,000

                                                                      Cost   56,000

                                                                      SRP   78,400    MU 40%

2.3  Ash Crypt  + cremation + Urn + Chapel use

Ash crypt (upper 2 and lower 2 only )                35,000

Cremation                                                            18,000

Urn                                (basic)                             3,000

Chapel use                                                         10,500
                                                             Cost        66,500

                                                            SRP         93,100

Core:     BC

1.  Body crypts   + IS   +   Chapel  use   (20% MU only)                  

    Body crypt  (5 year lease)                             16,000

   Service                                                             3,000

    Chapel use                                                    10,500

                                  Cost                                 29,500

                                  SRP                                35,400

2.  Body crypt +  IS +  CU + Wood Casket

     Body crypt                                                   16,000

     Service                                                          3,000

    Chapel use                                                   10,500

     Wood casket                                               20,000

                             Cost                                    49,500
                
                             SRP                                    59,400

3.   Body crypt +  CU + Metal Casket   +  Chapel Use

       BC                                                           16,000

       IS                                                              3,000

      Metal casket                                             40,000

      Chapel Use                                               10,500

                              Cost                                  69,500

                             SRP                                   83,400

Some restrictions:

1.  Chapel use is subject to availability

2. Refund for unrendered service in case of chapel unavailability

3.  Radius of service is 25 km.  Those beyond the 25 km;  those beyond shall be charged extra for every km in excess

4.  The plans shall emphasize plan value rather than the service;  prices for assets can be fixed but not for services

Refer to Terms and Conditions of SPLP Terms of Life Plan Contract.

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