Pre-need problems restricted to open-ended education plans.(Business)

From: Manila Bulletin | Date: March 13, 2006 | Copyright information

The problem of the countryas pre-need industry is restricted to open-ended education plans and sale of such plan was already put to a stop in 2002 by the Securities and Exchange Commission.

This was emphasized by the Federation of Philippine Pre-Need Companies, Inc. in answer to reports that the 40-year-old pre-need industry is already in peril.

Even as several preneed companies are experiencing problems in servicing planholders who have availed of open-ended ...

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