SAVE, EARN & BE INSURED with Paglingap Power Savers Program

"Every Filipino a Saver"

The Paglingap Power Savers Program [PPSP] cares for your future financial well-being. It is a five year program that combines the high yield benefits of a savings account with the coverage of an insurance plan. This savings program is an opportunity that provides big earning potential to small money earners. By saving a part of what is earned — even a small part is the way to build wealth.

VISION: Every Filipino a saver and living well.

(To inculcate the value of wise financial stewardship among Overseas Filipino Workers, local employees and their families.)

MISSION: Building better lives for Filipinos.

(To build sustainable savings, welfare and protection program for the Overseas Filipino Workers, local employees and their families.)

CORE Values:

• Financial Stewardship
• Family Orientation
• Service to Country
• Love of God
• Commitment to Vision
• Integrity
• Innovation
• Creativity
• Excellence

PROGRAM DETAILS

The PAGLINGAP POWER SAVERS PROGRAM is a savings plan incorporated with an insurance component. It encourages a lifestyle of discipline in the management of funds making it possible for us to become SAVERS rather than BORROWERS. It is an opportunity to discover the earning potential of our savings and the protection it will give.

Paglingap-Power Savers Program is undertaken by Malayan Bank as the depository bank, with insurance coverage from Beneficial PNB life insurance.

This program is an advocacy of the Paglingap Cooperative (KPMPCC) and managed by David Daniels International Services Co., Inc., a management services provider.

Savings Plan

This program is offered in 3 Savings Plan:

• Plan 1395
• Plan 720

Deposits and Interests

Every member shall make a consecutive, equal monthly deposit.

The interest rate on the members deposit shall be 8.5% per annum for the first 5 years and the total deposit will double every 5 years.

Upon completion of your Deposit Program, Your Total Deposit Doubles Every 5 Years

Upon completion of your Deposit Program, Your Total Deposit Doubles Every 5 Years PLAN Monthly Savings Deposit for 5 yrs. Monthly Insurance Premium & Other Services, VAT Total Savings Deposit for 5 yrs. Maturity Value after 10 yrs. Maturity Value After 15 yrs. Maturity Value after 20 yrs. 1395 P 1000 P 395 P 60,000 P120,000 P240,000 P480,000 720 P 500 P 220 P 30,000 P 60,000 P120,000 P240,000

INSURANCE DETAILS

PLAN Group Yearly Renewable Term +*SRI Accidental Death & Dismemberment. Murder & Assault (unprovoked) 1395 P 215,000 P 50,000.00 P 25,000.00 720 P 165,000 P 50,000.00 P 25,000.00

*SRI = Savings Redemption Insurance

HIGHLIGHTS OF THE PAGLINGAP POWER SAVERS PROGRAM

Insurance Coverage

It secures depositors and their beneficiaries. If the depositor dies before the completion date, the full value of the savings deposit may be withdrawn on the maturity date. Insurance proceeds will be released immediately to the beneficiaries upon completion of required documents.

The member is insured under a group yearly term insurance. A term life insurance covers the lives of people under a single policy. It is designed to provide protection against the financial consequences of the members death.The insurance has been enhanced by including riders like the unprovoked murder and assault and the Accidental Death and Dismemberment.

Multiple Accounts

You can have the luxury of creating multiple accounts that will double and that are insured at the same time.

Investment Opportunity

The Paglingap Power Savers Program offers an opportunity for OFWs (Overseas Filipino Workers), Fil-Americans (FILAMS), Fil-Canadian, and Filipino immigrants/expatriates to have an investment spot for their hard-earned money. The PPSP can serve as a retirement plan without the fear of value depreciation in the Philippines.

Versatility

The PPSP may be used for any of the following purposes:

Help supplement the retirement/pension plan benefit that the member will receive in the future

• Medical fund
• Education fund

Distinction Between PPSP and Other Pre-need & Traditional Insurance Programs

The importance of PPSP over the pre-need plan and other traditional insurance program is that the savings fund deposited is in a Malayan savings account passbook under the name and control of the depositor and the insurance premium is supported by a certificate of cover. This means that their deposit will not be wasted should they fail to honor the contract. Any accumulated deposit can be withdrawn by the depositor at anytime except that it is without the benefits of the terms stipulated in the PPSP contract. In other words, the deposit will no longer earn the high-yield as stated in the program.

PPSP members who discontinue their membership can re-enroll anytime.

For more details about this program, you can send me an email at erinfrancisco@gmail.com or send me a message via my website at http://www.arterin.multiply.com.