SEC Releases List of Firms Allowed to Sell New Plans

Times of crisis breeds more swindlers. That is the clear lesson we can learn as we constantly hear news on pre-need companies failing to live up to their part of the bargain. Insurance is an investment and like any other investment, one should carefully give a thorough check on a company’s background. Placing it in the hands of people who have no proof of integrity may become a great disaster.

The Securities and Exchange Commission have recently released a list of pre-need firms that are allowed to sell new plans in the Philippines. These days, aside from considering a company’s term insurance rates, check their reputation as well. If they are not on the list, they might be naughty.