PhilamLife exits pre-need and HMO businesses

**uls** · September 7th, 2009 01:29 PM

tingin ko mas safe pa ang educational plans na hawak ng STI

coz may school sila

pag pumalpak sila sa educational plan business nila, makakabayad parin sila...

paaralin nalang nila sa STI ang mga planholders

**CVT** · September 7th, 2009 02:33 PM

Originally Posted by LadyRider

Think positive na lang tayo sir!! nyahahaha

See you on Sunday sa HACP GEB!!!

Oo nga Sis. Agree with you. Why worry about the future?....

Wifey and myself will be there to meet you and the rest of the HACP gang!

Originally Posted by uls

tingin ko mas safe pa ang educational plans na hawak ng STI

coz may school sila

pag pumalpak sila sa educational plan business nila, makakabayad parin sila...

paaralin nalang nila sa STI ang mga planholders

You have a point there bro. Kaso nga, if you're planning to send your kid to a more reputable school, there goes that plan.....

8601:matrix:

**james00112233** · September 8th, 2009 11:37 AM

Originally Posted by uls

tingin ko mas safe pa ang educational plans na hawak ng STI

coz may school sila

pag pumalpak sila sa educational plan business nila, makakabayad parin sila...

paaralin nalang nila sa STI ang mga planholders

kapag pumalpak ang STI, mahihirapan ang mga planholder sa pagkuha ng mga binayad nila...

**uls** · September 8th, 2009 11:50 AM

^^^

pag pumalpak ang STI, hindi na makukuha ng mga planholder pera nila

ang ibibigay ng STI enrolment form ng STI College

**james00112233** · September 8th, 2009 03:56 PM

Originally Posted by uls

^^^

pag pumalpak ang STI, hindi na makukuha ng mga planholder pera nila

ang ibibigay ng STI enrolment form ng STI College

and that 's a BIG problem... instead of your child enrolled in a reputable school, it will end up in STI.

I think pre-need business in Phil may not be good in the long run..

They failed to meet their financial obligations to planholders.

**uls** · September 8th, 2009 04:28 PM

I think pre-need business in Phil may not be good in the long run..
They failed to meet their financial obligations to planholders.

the pre need business is not a sustainable business to begin with

it's not like fire insurance where some houses burn down while most don't

or auto insurance where some cars get totally wrecked or stolen while most don't

the fire and auto insurers NEVER have to pay EVERY planholder, only SOME

whereas sa educational plan, the companies will surely have to pay EVERY planholder

there is no way the companies can make the funds (premiums) grow big enough fast enough to pay every planholder... i don't care how good their fund managers are... there's no safe and liquid investment that can give the kind of returns needed to sustain such a business

we hear pre-need companies have their funds tied up in real estate coz that's the only way they can get the yield they need... but real estate is so NOT liquid

many pre need companies are stuck with real estate and not enough cash

dito lang yata sa Pinas ang meron educational plans

it's a Filipino invention

(correct me if i'm wrong. if i'm wrong, pls. post links to show what other country besides the Philippines have educational plans)

Sa States, they have student loans

**tidus1203** · September 8th, 2009 05:24 PM

Good one uls. Its almost impossible to make risk free investments to combat very very high education inflation. The rise in education costs is the most staggering of all. Gone are educational pre-need and most likely nga educational loans (still a very small industry here unlike the G8 countries) will replace it and long before you get your job out of college they have a take on your take home besides the government and the SSS...

**uls** · September 8th, 2009 06:16 PM

kaya dami educational pre need na bumagsak

hindi talaga sustainable ang business model eh

**james00112233** · September 8th, 2009 06:26 PM

kaya siguro binili ng STI ang pre-need ng philam dahil meron na rin yung AMA (AMA Plans, Inc)...

**uls** · September 8th, 2009 07:10 PM

kaya i think it's a good business idea to have an educational pre-need business if you own a school

future enrollees mo, nagbabayad na ng tuition

i'm sure STI will come up with incentives that will encourage planholders to enroll in STI, at the same time, discourage planholders from enrolling in third party schools

the business is evolving

later on, educ. plans will be specific for partner schools only

kinda like HMOs where members can only go see their HMO's doctors and get confined in their HMO's accredited hospitals