February 06, 2015

Strategy of Gaite Group of Companies


Jorge  S

The Holy Gardens Group - "THE MEMORIAL EXPERTS"

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---------- Forwarded message ----------
From: Holy GardensGroup <holygardens.group@gmail.com>
Date: Wed, Feb 4, 2015 at 8:19 PM
Subject: Strategy of Gaite Group of Companies
To: hgmpgreenhills <hgmp.calamba@gmail.com>, holygardens.group.memorial@blogger.com


Ms. Marina de la Cruz has told me story of the very agressive and progressive business practices of Gaite group of companies (Head is Tess Gaite)  They own several memorial parks in Mindanao:

1.  Panabo
2.  Digos
3.  Toril
4.  Kidapawan

They are and/or were engaged in subdivision development, memorial parks, funeral homes and financial services to support their memorial
park business.

This could be an alternative (we had done this before) in case we do not acquire the Memorial Plan company:

Strategies

1.  The tie up with their own memorial parks and  other servicing mortuary

2.  The 4 in 1packages (where there are generous discounts offered)

       1.  20% discount for at need prices

      2.  20% senior citizen discount

     3.  interment discount

3.  Lifetime Membership Program (LMP- formerly Primulco - Primordial Multipurpose Coop) that involves payment of:  LMP

of say 

Regular:

Amount of Premium  -      P10,900.00

Membership fee                       200.00

DP                                         1,300.00

Partial service fee                   400.00

Full service fee                     9,600.00

Annual Dues                           700.00

Monthly SF for 24 mos           400.00

Guarantee Mortuary benefit  109,000.00?

I doubt even if the payment is for 20 years:

Total payments:

Service fee      -   10,300.00

Annual dues 
700 x 20               14,000.00

Membership fee       200.00

Total                    24.500.00

Say invested at 5% for 20 years.

FV  =                 2.78 x 24.500 = 68, 256.00!!!!

This is actuarially unsound?!                

Membership             

Other premium rates and GMB:

Regular 2            13,000.00                         130,000

Associate   1        3,500.00                           16,000

Associate 2          4,500.00                             4,900







   

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