Pre-Need Corporate Trust
Designed for companies offering pre-need plan contracts, these trusts ensure the fulfillment of guaranteed benefits and services to plan holders. Inquire now
Overview
Pre-need Corporate Trust refers to the trust arrangements established by corporate clients operating pre-need plans in compliance with Republic Act 9829 (Pre-Need Code of the Philippines), the regulatory requirement to maintain trust accounts for such activities to ensure delivery of the guaranteed benefits and services under a pre-need plan contract.
How can we help?
- Ensure compliance with regulatory requirements
- Provide professional and prudent asset administration and investment management
- Enable efficient liquidity/timely remittances of payments to plan holders
- Furnish client with necessary documentation requirements and legal assistance
Required Documents
From Client
- Government-issued IDs of Authorized Signatories and Beneficial Owners
- Articles of Incorporation and By-laws
- SEC Registration
- Latest General Information Sheet with Beneficial Ownership Declaration Form
- Board Resolution appointing SBC TAMG as Trustee
- Letter or Supporting Documents from IC
- Trust Agreement (approved by IC)
Trust Documents
- Customer Information Form
- Universal Specimen Signature Card
- Risk Disclosure Statement
Want to open a Pre-need Trust or learn more about the product?
Email SBC Trust and Asset Management Group at [email protected]