There are twenty-two (22) remaining licensed preneed companies which are financially stable enough to continue to deliver their obligations to investors/planholders according to the assurance given to the investing public given by the Securities and Exchange Commission (SEC). The capability of preneed industry has made investors/planholders worried after two (2) preneed firms closed last month.
According to SEC, the 22 licensed preneed firms “can and will continue to service their plan holders in accordance with the provisions of their preneed contracts,” the SEC said. The statement was made after reviewing the financial records of these firms.
According to the SEC, the 22 preneed firms with valid dealers’ licenses for 2009 are the following:
- AMA Plans Inc.
- Ayala Plans Inc.
- Caritas Financial Plans Inc.
- CityPlans Inc.
- Coco Plans Inc.
- Danvil Plans Inc. (formerly Berkley Int’l. Plans Inc.)
- Destiny Financial Plans Inc.
- Eternal Plans Inc.
- First Country Plans Inc.
- First Union Plans Inc.
- Grayline Plans Inc.
- Himlayang Pilipino Plans Inc.
- Loyola Plans Consolidated Inc.
- Manulife Financial Plans Inc.
- Mercantile Careplans Inc.
- Paz Memorial Service Inc.
- Philam Plans Inc.
- Provident Plans International Corp.
- St. Peter Life Plan Inc.
- Sun Life Financial Plans Inc.
- Transnational Plans Inc.
- Trusteeship Plans Inc.
Source: Inquirer.net
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