The MORTUARY TRUST FUND (MTF) is an amount of money raised through contributions from members of this Organization, held in trust by a person or persons or deposited in a bank (whichever is practical and applicable); and withdrawn and paid out only for the purpose for which the MTF has been established.

1. PURPOSE OF THE MTF - To provide financial assistance to the bereaved family of a member in the event of his/her demise.

2. WHO IS QUALIFIED TO JOIN THE MTF!

2.1 All members duly registered as members of this Organization, provided that payments have been made for the Annual Membership Fee

(Php 100.00), the MTF Fee (Php 50.00 , and/ or replenishments thereof as needs arise, provided further, that the MTF Agreement has been duly accomplished.

2.2 Family members covered only with this MTF are the mother and father of Anchorian member, his or her spouse, and children.

3. WHAT IS THE BENEFIT OF THE MTF?

3.1 In the event of the member’s death, the beneficiary or next of kin shall be entitled to claim by the amount due from the MTF.

3.2 Such amount shall be equivalent to the MTF Fees contributed by the members who signed in for the MTF Agreement.

4. MORTUARY TRUST FUND AGREEMENT

4.1 Members of this Organization are encouraged to join the MTF by accomplishing the Agreement Form and Contributing the amount of Fifty Pesos ( Php50.00) in full.

4.2 In the event a benefit or claim has been awarded, subsequent contributions/collections will be undertaken to immediately replenish the MTF.

4.3 Any MTF member who fails or refuses to contribute the aforementioned fee especially for replenishments will cause cancellation or revocation of member's benefits and are not entitled to receive the monetary benefits hereto should the inevitable happen.

4.4 If the MTF member has been cancelled or revoked and wishes to join the program again, a member can renew his/her membership in the next following year’s mortuary program.

4.5 Awarding and release of MTF shall be with supporting documents deemed necessary attached thereto.

4.6 The supporting documents are the death certificate and picture.

4.7 Failure or refusal to submit the above-mentioned documents will not be able to receive the cash assistance.

4.8 Should the MTF be in a bank, the amount due shall not include the initial deposit, maintaining balance, and interests

that belong to the Organization.