5.18.2016

15 Licensed Pre-need Firms in 2016, with 2 Only Servicing

By Nora
Updated November 12, 2016

As of September 2016, there are 15 pre-need companies licensed by the Insurance Commission to sell pre-need plans, service clients and grow their business in 2016:

Alphabetically arranged:

1.    AMA Plans, Inc.
        (pension plans)

2.    Ayala Plans, Inc.
        (educational and pension plans) 
        
3.    Caritas Financial Plans, Inc.
        (pension plans)

4.    CityPlans Inc.
        (pension plans)

5.   Destiny Financial Plans, Inc.
        (life plans) 

6.    Eternal Plans, Inc.
        (educational, life and pension plans)

7.    First Union Plans, Inc.
        (pension plans)

8.    Himlayang Pilipino Plans, Inc.
        (educational and life plans)

9.    Manulife Financial Plans, Inc.
        (pension plans) 

10.   Paz Memorial Services, Inc.
          (life plans)

11.  PhilPlans First, Inc.
        (educational, life and pension plans)

12.  St. Peter Life Plan, Inc.
        (life plans)

13.  Sunlife Financial Plans, Inc.
        (educational and pension plans)

14.  Transnational Plans, Inc.
        (educational and pension plans)  

15.  Trusteeship Plans, Inc.
        (educational, life and pension plans)


These 2 companies are licensed only to service existing planholders:
1.  CocoPlans Inc.
       (Servicing Company)

2.  Mercantile Care Plans, Inc.
        (servicing company only)

Two pre-need companies were added to this September 2016 list:
1.  Destiny Financial Plans Inc. (life plans)
2.  Paz Memorial Services Inc. (life plans) - re-added

Destiny Financial Plans Inc. received its Insurance Commission's Certificate of Authority on September 2, 2016. It's authorized to sell life plans in the Philippines. The certificate is valid from September 2, 2016 to December 31, 2016.

Head Office:
  Unit 2F Amber Place
  67 Bayani Road, Fort Bonifacio
  Taguig City
Phone no.: 856-1111
Chairman:  Arsenio Bartolome III
Branches:
1. Holy Gardens Calamba  Bo Barandal, Calamba City
2. Holy Gardens Pangasinan -  Bo Agdao  San Carlos City, Pangasinan
Website: destinyfinancialplans.blogspot.com

Paz Memorial Services, Inc., also known as Paz Life Plan, started in 1969.
Main Office:
4th Floor, Eurovilla 4
No. 853 Arnaiz Avenue
Legaspi Village, Makati City
Emails: sales@pazlife.com
info@pazlife.com
customercare@pazlife.com
Website: pazlifeplans.com
Facebook page: facebook.com/pazlife
Phone nos.: 815-0156
Customer Care Hotline:
        (02)749-3817
        (02)749-3818

Note:
It was mentioned in the Interaksyon article
http://www.interaksyon.com/business/87716/only-19-preneed-firms-still-operational-five-with-pending-licenses--insurance-commission
that Paz Memorial Services was one of 5 pre-need firms whose licenses were pending as og May 8, 2014.


Below List was Updated in July 2016:
One company, AMA Plans, was added to the May 2016 list.

Alphabetically arranged:

1.    AMA Plans, Inc.
2.    Ayala Plans, Inc.
3.    Caritas Financial Plans, Inc.
4.    CityPlans Inc.
5.    CocoPlans, Inc.*
6.    Eternal Plans, Inc.
7.    First Union Plans, Inc.
8.    Himlayang Pilipino Plans, Inc.
9.    Manulife Financial Plans, Inc.
10.  Mercantile Care Plans, Inc.*
11.  PhilPlans First, Inc.
12.  St. Peter Life Plan, Inc.
13.  Sunlife Financial Plans, Inc.
14.  Transnational Plans, Inc.
15.  Trusteeship Plans, Inc.

* These 2 companies, CocoPlans and Mercantile Care Plans, are just servicing companies, licensed to service only their existing clients.

Below List was Posted May 18, 2016:

Here are 14 pre-need companies licensed by the Insurance Commission to operate in 2016:

Alphabetically arranged:

1.    Ayala Plans, Inc.
2.    Caritas Financial Plans, Inc.
3.    CityPlans Inc.
4.    CocoPlans, Inc.*
5.    Eternal Plans, Inc.
6.    First Union Plans, Inc.
7.    Himlayang Pilipino Plans, Inc.
8.    Manulife Financial Plans, Inc.
9.    Mercantile Care Plans, Inc.*
10.  PhilPlans First, Inc.
11.  St. Peter Life Plan, Inc.
12.  Sunlife Financial Plans, Inc.
13.  Transnational Plans, Inc.
14.  Trusteeship Plans, Inc.

*These 2 companies below are authorized only to service their existing planholders, and are no longer authorized to sell plans:
CocoPlans, Inc.*
Mercantile Care Plans, Inc.*

Compared to the list of pre-need firms licensed to operate in 2015, these 2 companies below are no longer in the list for the year 2016:

AMA Plans Inc.
Paz Memorial Services Inc.

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