Camarines Sur (CamSur) has been gaining a lot of attention as of late as the "next-big-thing" in local tourism. Data shows that the rate of increase of tourists to CamSur has already outpaced Boracay. One of the latest addition to the outdoor sports activity at CamSur is the recently concluded Ironman Triathlon, a grueling event that includes swimming, biking and running.
Now, I'm no triathlon enthusiast nor do I harbor any illusion of joining such a physically-taxing competition. But a recent shocking news has brought the event closer to home. During the team relay event, one of the participants died. It was during dinner time and we were watching news when I heard about this and it instantly caught my attention. The man who died was Miguel Vasquez, owner of Permanent Plans, and husband of our Peak landlady, Judith.
It seems that Miguel joined the swimming team relay and never surfaced from the waters, causing his teammate to worry and launch a search operation. He was found later at the bottom of the shallow lake (not sure how you exactly comb a lake to find a body on the floor). That must include a lot of divers.
The news episode featured interviews of Permanent Plans planholders who were saying that they are now afraid that they might not get reimbursed. You see, the pre-need industry recently collapsed leaving a lot of planholders holding worthless paper insurance. This ranges from college education plans to other pension plans (but not including life insurance). Permanent Plans was not spared as it was an industry-wide problem.