Yuchengco Group’s interest in Philamlife
Posted at 10/06/2008 6:58 PM | Updated as of 10/06/2008 6:58 PM
Yuchengco Group’s interest in Philamlife
I think before the Yuchengcos will have the guts to express their interest to buy Philamlife, first they have to explain to the Filipino people the issue that is Pacific Plans. Unlike the Yuchengco’s company, Philamlife's rose to the number 1 in the industry was due to its credibility and integrity in which Yuchengco simply lacks.
Before they will bring put up money to buy the whole or part of Philamlife, they should pay first the educational benefits of their plan holders.
When my father died around 22 years ago, he has a life insurance with both Philamlife and Grepalife. We received the death benefits of my father from Philamlife in just a couple of days. We get the benefits from Grepalife after 90 days. Grepalife is also owned by the Yuchengcos.
This kind of integrity and credibility is what the Yuchengcos dont have. At present I worked with Philamlife as a financial adviser. The general sentiment of the majority of us is that we will resign should the Yuchangco get hold of Philamlife.
Ang kakapal ng mukha nila!
Jerry Ong
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