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Securities and Exchange Commission (SEC) chairman Fe B.
Barin affirmed the role of the preneed industry in the
development of the capital market and in nation building
as she lauded industry leader Eternal Plans Inc. and its
top sales producers.
Speaking
at the company’s 27th Annual Awards Wednesday night,
Barin said the preneed industry contributes to the
growth of the economy by encouraging Filipinos to set
aside funds to cover future needs through preneed
products like life, education and pension plans.
By
promoting the concept of preparing in advance for future
needs, Eternal Plans and its top sales associates do not
only “make dreams possible” but also push economic and
national development, Barin said.
“The
savings set aside by plan holders for future needs help
develop the capital market and raise funds that can be
put to productive endeavors for the nation,” she
explained.
At the
same time, Barin reminded the sales awardees and
associates, officers and staff of Eternal Plans of the
preneed company’s responsibility to live up to its
promise to the public.
“I
admonish you to be worthy of the trust that our people
give you when they avail themselves of your preneed
products,” Barin said.
Plan
holders must be ensured that the benefits they are
entitled to are received by them when their plans mature
and their needs arise.
A
preneed company, she elaborated, can only be successful
if it can live up to the promise it gave to the people.
Present
with Barin at the awards-giving was SEC Commissioner
Jesus Enriquez G. Martinez. The two SEC officials were
welcomed by Eternal Plans officers, including T. Anthony
C. Cabangon, chairman; D. Antoinette C. Jacinto, vice
chairman and chief executive officer; Elmer Lorica,
president and chief operating officer; and Benjamin V.
Ramos, treasurer.
Eternal
Plans, which offers life, pension and education plans,
is a member of the Eternal Group of Companies headed by
Ambassador Antonio L. Cabangon Chua, founder and
chairman emeritus. |
