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Products & Services – CARE MBA

Products & Services

CARE MBA or Cooperative Alliance for Responsive Endeavor Mutual Benefit Association, Inc., an Insurance Commission Regulated Entity (ICRE), organized to provide financial inclusion to its members. Offers affordable insurance products, including the Basic Life Insurance Plan (BLIP), Credit Life Insurance Plan (CLIP), and Golden Life Insurance Plan (GLIP), all meticulously approved by the Insurance Commission.

Beyond this, CARE MBA extends its commitment to its members’ well-being by providing educational support to their children, through scholarships grants to pursue their academic dreams, from junior high to college. In times of hardship, CARE MBA offers a lifeline, providing financial assistance to members facing the devastating consequences of calamities and house fires.

An affordable family life insurance with equity value (savings). Designed to provide financial support to its members and their legal dependents in times of need. It provides death benefits and total and permanent disability (TPD) benefits based on the member’s length of membership. The plan also includes a “Living Benefit” or Equity Value, which represents 50% of the member’s contributions.

Ensuring financial protection for cooperative partners and members. Credit Life Insurance Plan is designed to protect borrowers/member and their families from financial hardship in the event of the member’s death. This plan is specifically designed to cover loans or any credit transactions.

An extended program to members who have reached the termination age of 66 and have been continuously enrolled in BLIP for at least 5 years. It offers a whole life insurance coverage with a fixed death benefit and a return of Equity Value.