Pre-Need Accounts
Ensuring Compliance and Fulfilling Future ObligationsPre-Need Accounts
Ensuring Compliance and Fulfilling Future Obligations
Compliance with the Pre-Need Code
A Secure Foundation for Your CommitmentsPre-Need Accounts are specialized Trust arrangements established by pre-need companies to comply with the requirements of the Pre-Need Code of the Philippines. These accounts are essential to ensure that the company can fulfill its future obligations to its customers and provide the promised services and benefits.
Supporting a Range of Pre-Need Products
By establishing trust accounts, pre-need companies can ensure sufficient funds are managed in a secure and transparent manner for various plans.
Educational Plans
Secure the funds for future schooling and academic pursuits.
Pension Plans
Ensure the availability of retirement benefits for plan holders.
Life Insurance Policies
Guarantee that obligations for life and memorial plans are met.
The Role of LANDBANK as Your Trustee
Your Partner in Fiduciary ResponsibilityAs your trustee, LANDBANK Trust Banking Group (TBG) is responsible for managing the trust account with the highest standards of care. Our duties include:
- Managing funds strictly according to the trust agreement terms.
- Ensuring funds are used only for their specified purposes.
- Maintaining accurate records of all transactions.
- Providing regular, transparent reports to the pre-need company and regulatory authorities.