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Aug 09th
Home Sections Philippine Immortality Project "Philippine Immortality Project" Deals with Charitable-Gifting Insurance for RP Beneficiaries
"Philippine Immortality Project" Deals with Charitable-Gifting Insurance for RP Beneficiaries PDF Print E-mail
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Sections - Philippine Immortality Project
Friday, 03 August 2007 06:55

Dateline Pomona, CA, Aug. 5, 2007. The Media Breakfast Club (MBC) of Los Angeles, in cooperation with the, and their supporters launched yesterday the "Philippine Immortality Project (P.I.P.)" at the US-Philippines Expo. The venue is Building 4 of the Los Angeles County Fairgrounds in Pomona. Elizabeth Cariaga Watermeier, an agent of the New York Life Insurance Company, is the main corporate sponsor of the movement to secure "immortality" – or the semblance of it – for participating Filipino Americans. Today, the project proponents wil continue to push the concept at the second and last day of the Expo.

Beth Watermeier is a Filipino-American agent of the New York Life. She was born in New York, spent some childhood years in the Philippines and then lived in Guam. She and her husband, Thomas, who is also a NY Life agent, are signing a long-term contract with the MBC to pursue the "immortality" project. It may be the best way for a person to be remembered forever by purchasing a "charitable-gifting insurance" (CGI) policy from New York Life.

This is how the tie-up with the New York Life will work. The MBC-led coalition of Filipino-American associations will help the team of the Watermeiers and Company present the idea to the community. The proposal is for those in good health to buy – with the help of the coalition – a CGI policy. The insured then selects a permanent beneficiary. Since life insurance is actually for the living, the proceeds – once the insured leaves this world – will go to the designated institution. The permanent beneficiary can be a Filipino-American association or the alma mater of the deceased (to fund scholarships or a student loan fund). Or to a Spanish-built church at his/her hometown to help retrofit and/or restore it. Or the insurance proceeds can build and maintain a baseball field, buy equipment for the aspiring Filipino baseball players, so as to help revive baseball in the Philippines. The coalition will even raise funds to make sure that the annual premiums are up-to-date, so as not to have the policy lapse.

Perhaps a decade or even a generation from now, the Filipino people and Filipino Americans will remember the US-Philippines Expo 2007 as the launching pad for the Filipino version of "immortality." Yes, some Filipino-American leaders (donors) who chose to join the P.I.P. with the New York Life would be remembered . . . like forever. Yes, the memory of the participant (insured) will not be forgotten, for as long as the scholarship or loan-fund continues to exist or worshipers continue to go to the restored church or children continue to play at a field of dreams built by the insurance proceeds. And this is the semblance of Filipino immortality that the MBC founder and his cofounders have envisioned.

Those who may be interested in obtaining details of, or in joining, the "P.I.P." may visit the proponents at the New York Life Booth No. 117 and/or the MBC Booth No. 116 at the US-Philippines Expo 2007 this weekend. Or they may call up (626) 825-0628 or e-mail or look for more announcements about it in the, which is the project’s media sponsor.

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Last Updated on Monday, 21 January 2008 12:25

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