Pre-need companies slowly disappearing

WITH interest rates continuing its downward path, the chances for reviving the pre-need industry, a popular investment tool in the 1980s, now seem remote, even impossible.

This was the assessment of Sun Life Financial President and Chief Executive Officer Rizalina Mantaring, who said that only a few like her company’s Sunlife Financial, continue to service existing clients, whose plans are retiring at variable dates for the next 20 years or more.