Updated February 10, 2022
There are now only 12 licensed pre-need companies in the Philippines as of September 2021:
12 Licensed Pre-Need Companies as of September 2021
8 Companies in the Licensed Companies and Financial Performance List as of Sep 2021:
- Ayala Plans Inc. — Education/Pension Plans
- Caritas Financial Plans Inc. — Pension Plans
- CityPlans Inc. — Pension Plans
- Cosmopolitan Climbs Life Plan Inc. — Life Plans
- GoldenFuture Life Plan Inc. — Life Plans
- St. Peter Life Plan Inc. — Life Plans
- Trusteeship Plans Inc. — Education/Life/Pension Plans
- Mercantile Care Plans Inc. — only servicing clients, no longer selling plans
4 Companies in the Financial Performance List only, as of Sep 2021
- Manulife Financial Plans Inc. — wholly owned subsidiary of The Manufacturers Life Insurance Co. (Phils.), Inc.
- Sunlife Financial Plans — wholly-owned subsidiary of Sun Life of Canada (Philippines), Inc.
- New Life Memorial Plan
- Himlayang Pilipino Plans Inc. — was placed under conservatorship in December 2021 due to inability to pay its debts and obligations
15 Pre-Need Companies Licensed as of January 2020
1. Ayala Plans Inc. — Education/Pension Plans
2. Caritas Financial Plans Inc. — Pension Plans
3. CityPlans Inc. — Pension Plans
4. Cosmopolitan Climbs Life Plan Inc. — Life Plans
5. Diamond Memorial Care Plans Inc. — Life Plans
6. GoldenFuture Life Plan Inc. — Life Plans
7. Manulife Financial Plans Inc. — Pension Plans
8. PhilPlans First Inc. — Education/Pension Plans
9. Prime Care Kaagapay Life Plan Inc. — Life Plans
10. St. Peter Life Plan Inc. Life Plans
11. Sunlife Financial Plans Inc. — Education/Pension Plans
12. Trusteeship Plans Inc. Education/Life/Pension Plans
Firms that Are Servicing Only, No Longer Selling Plans:
1. First Union Plans Inc.
2. Himlayang Pilipino Plans Inc.
3. Mercantile Care Plans Inc.
Source: Insurance Commission
Licensed Pre-Need Companies for the Year 2016, as of Sep 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:
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
Phone no.: 856-1111
Chairman: Arsenio Bartolome III
1. Holy Gardens Calamba Bo Barandal, Calamba City
2. Holy Gardens Pangasinan – Bo Agdao San Carlos City, Pangasinan
Website: destinyfinancialplans.blogspot.comPaz Memorial Services, Inc., also known as Paz Life Plan, started in 1969.
4th Floor, Eurovilla 4
No. 853 Arnaiz Avenue
Legaspi Village, Makati City
Facebook page: facebook.com/pazlife
Phone nos.: 815-0156
Customer Care Hotline:
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 of May 8, 2014.
Licensed Pre-need Companies, as of July 2016:
One company, AMA Plans, was added to the May 2016 list.
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.
Licensed Pre-Need Companies, as of May 18, 2016:
Here are 14 pre-need companies licensed by the Insurance Commission to operate in 2016:
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:
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.