Mar Roxas killed the Pre-Need Industry

FORMER Securities and Exchange Commission chairman Perfecto Yasay on Saturday attributed the failure of some 500,000 pre-need plan policy holders from collecting maturing contracts to Liberal Party standard bearer Manuel Roxas II, whom he accused of “killing” the P27-billion pre-need industry.

At the Kapihan sa Annabel’s forum, Yasay said Roxas was behind the collapse of the pre-need industry because he lobbied strongly for the revival of American-owned AIG, or the American International Group Inc., a life insurance company.

Read More via THE STANDARD