IC licensedPre-need company
Freedomlife: plans, claims and licence
Freedomlife Plan Corporation is a pre-need company.
Licensed. Certificate of Authority no. PN-08-2026-R.IC pre-need list dated Aug 31, 2026. It collected ₱63.9 million in premiums in 2025, 0.27% of the ₱23.9 billion the industry collected (IC pre-need figures). At Dec 31, 2025 its trust fund covered 164% of the reserves it must hold for planholders (₱9.7 million ÷ ₱5.9 million, IC pre-need figures).
Filing a claim with Freedomlife
- Missed an instalment: you have a grace period of at least 60 days, then at least 2 years to reinstate the plan before it can be cancelled.Pre-Need Code sec. 23
- Want out: you can end the plan in writing at any time and receive the termination value in your contract.Pre-Need Code sec. 24
- If the company fails: the plan's trust fund is for planholders only and cannot pay the company's other creditors.Pre-Need Code sec. 30
Complaints
- Write to Freedomlife first. Put the policy or plan number, what happened and what you want in one letter or email, and keep proof of the date.
- Then go to the Insurance Commission. The IC takes requests for assistance on claims and complaints through its public assistance forms, by email to publicassistance@insurance.gov.ph or by phone on (02) 8523-8461 local 103 or 127.
- Report anyone selling without a licence to the IC Regulation, Enforcement and Prosecution Division, repd@insurance.gov.ph.
Freedomlife products and plans
- Gold Plus
- Silver Plus
- Bronze
Company details
- Licensed company
- Freedomlife Plan Corporation
- Certificate of Authority
- PN-08-2026-R
- Plans licensed for 2026
- Life (memorial)
- Official website
- freedomlife.ph
- Licensed for: life (memorial) plans, the plan types on its 2026 licence.Pre-Need Code sec. 10
- Not licensed for: education or pension plans. If you are offered one under this name, ask which company issues it.
- Sales counselors: anyone selling the plan needs an IC sales counselor licence of their own.Pre-Need Code sec. 20
How tax applies to the plan
- Documentary stamp tax: pre-need plans carry DST of ₱0.40 on each ₱200 of premium or contribution collected. See documentary stamp tax calculator.NIRC Sec. 186 as amended by RA 10963, from Jan 1, 2018
- Worked example: ₱50,000 of plan contributions collected. DST = ₱50,000 ÷ ₱200 = 250 units × ₱0.40 = ₱100 (Sec. 186).
Before you sign or pay
- Match the company and number. Your contract should name Freedomlife Plan Corporation and the licence number shown at the top of this page.
- Ask for the seller's IC licence. Pre-need plans are sold by licensed sales counselors.
- Pay Freedomlife Plan, not a person. Keep the official receipts issued in Freedomlife Plan's name.
Questions
Is Freedomlife legit?
Yes. Freedomlife Plan Corporation is licensed by the Insurance Commission (licence PN-08-2026-R). A genuine contract names Freedomlife Plan Corporation and that number.
How long is Freedomlife's licence valid?
Freedomlife Plan is licensed for 2026. Pre-need licences are issued per licensing year, so check the IC list for 2027.