Jan 10, 2022 · “The CAP traditional pre-need plan was conceived in 1980 to provide parents with an inflation-free savings vehicle that guarantees payment to the school of tuition fees due when the beneficiary of the plan enters college,” CAP said on its website, which is now defunct. For a time, the scheme worked.
THE BANKRUPTCY The College Assurance Plan (CAP) is the second largest pre-need company in the country and has funded the education of 37,421 planholders since 1980. But its future as a company is now in shambles.
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College Assurance Plan (CAP) I. INTRODUCTION If you're from the Philippines, you most likely know about the infamous collapse of the pre-need industry - which sent the dreams of hundreds of thousands of people trying to graduate college crashing down. Several years ago, and seemingly out of nowhere, accusations came flying from all directions ...
In 1980, College Assurance Plan established the traditional educational plan grabbing the attention of every parent in hopes of providing their children quality education. It was instituted by Enrique A. Sobrepeña Jr. together with James Marsh Thomson, Rafael E. Evangelista, Ernesto M. Espaldon, and Romulo M. Espaldon.
Strategic Problem College Assurance Plan, Inc. Is currently facing Liquidity problems resulting to their inability to cover its liabilities and obligations to their plan holders. Strategic Alternatives with 3 Criteria To increase liquidity by selling company assets To increase company’s capital through the issuance of shares and new investors