Updated May 2, 2024
Here are the 11 pre-need firms licensed to do business in 2024:
- AMA Plans, lnc. — pension plans
- Ayala Plans, lnc. — educational and pension plans
- CityPlans lnc. — pension plans
- Cosmopolitan Climbs Life Plan Inc. — life plans
- Eternal Plans, lnc. — life plans
- Evergreen Life Plan Services Inc. — life plans
- Goldenfuture Life Plans, lnc. — life plans
- Philplans First, lnc. — life, educational, pension plans
- St. Peter Life Plan, lnc. — life plans
- Sunlife Financial Plans, lnc. — educational, pension plans
- Trusteeship Plans, lnc. — educational, life, pension plans
Note: First Union Plans Inc. and Mercantile Care Plans Inc. are licensed only to service their existing clients. No longer allowed to sell plans to new clients.
From nearly 100 pre-need companies in the late 1980s to 51 firms whose supervision was transferred from the SEC to the Insurance Commission in 2010, then later to 16 firms in 2015, the 11 firms listed above are the only ones surviving.
2015 update:
There are 16 licensed pre-need firms as of 2015. From the 2009 list, these 3 below are no longer in the 2015 list:
- First Country Plans
- Danvil Plans (formerly Berkley International Plans)
- Grayline Plans
March 2012 update:
There are 20 licensed pre-need firms as of March 2012. First Country Plans is no longer in the list. It was in the September 2011 list.
September 2011 update:
There are 21 pre-need firms licensed to operate.
February 25, 2011 update:
APEC is authorized to sell only life plans, not pension and educational plans as its educational portfolio is still under a rehabilitation plan. APEC though is servicing its pension and fixed-value educational plans.
For those wondering about Danvil Plans, I don’t know if it’s among the 4 with still pending license applications. If the report is true that its portfolio was acquired by Philippine Prudential Life Insurance Company (PPLIC or Prudentialife), then it makes sense that it’s no longer in the list.
It was PPLIC which processed my benefit claim last October 2010. And it’s still processing Danvil Plans claims, from my latest update. PPLIC is an insurance firm — it’s in the list of 30 firms with renewed licenses for the year 2011. It’s also among those with highest premium profits.
Jan 2011 update:
The pre-need firms missing in the January 2011 list which were in the SEC list as of December 2009 were:
- Abundance Providers and Entrepreneurs Corporation (APEC) (formerly Pacific Plans)
- Cocoplans
- Danvil Plans (formerly Berkley International Plans)
- First Country Plans
- Grayline Plans
Related posts:
Pre-need Companies That Remain Under SEC Supervision as of March 2012
Pre-Need Companies Under Insurance Commission Conservatorship as of Feb 2012
Pre-Need Companies Under Court Rehabilitation as of March 2012
Hi George, ang credit card mo ba is RCBC or RCBC Bankard? Call YGC Customer Service at (02) 894-2890 or 1-800-10-942-3700 (toll free) for provincial line. Based sa research ko, Scholar Protect is a product offered by RCBC Bankard, although it is underwritten by Malayan, so call RCBC Bankard or the YGC number. Kung meron itong statement na ito sa policy mo –> “The product will cover up to 4 children with ages 3-21 years; single; and still studying at the time of claim”, sana when your child turned 21 and one day (or depende sa kung paano sila mag-determine ng age), napa-stop na itong charging.
062118 sir.madam, please help me locate malayan scholar protect.Util today I am charge on my credit card monthly premium thru my credit card when in fact there is no more insurable interest being my son has graduated already.
I am george minoza Icanbe contacted at 09055474993 . thank you
How stable is eternal Plans, Ok ba yong paid-up nila at trust fund because they are selling life, pension and educational.
pls. give us information.
Thank you,
Danvil Plans, Inc. stopped paying the amount due me after my plan matured on June 30, 2011. They still owed me P90,000. The Conservator assigned was Atty. Teresita L. Caalim who also stopped responding to my inquiries. I am Lilian L. Castro, 71 yrs. old, widowed in 2005. I need information on the exact status of Danvil. Can the Insurance Commission help me recover the balance Danvil owes me? I need this amount badly to help me buy medicines I need for my hypertension, diabetes, and arthritis. Help me, pls!
Hi Joel, Pru Life UK (Phil) is not a pre-need firm; it’s an insurance company. It’s a licensed Philippine subsidiary of Pru Life UK. It’s No. 8 among 32 Phil insurance firms based on net worth and No. 10 based on capital as of 2014.
hi po! Is Pru Life Uk included? My wife got a plan from them last year. TIA!