How to choose
A company may sell only the plan types on its licence, so start there:
- Choose PhilPlans, Sun Life Financial Plans, Trusteeship Plans, Manulife Financial Plans or Ayala Plans if you want an education plan. PhilPlans: “Education on its IC licence” · Sun Life Financial Plans: “Education on its IC licence” · Trusteeship Plans: “Education on its IC licence” · Manulife Financial Plans: “Education on its IC licence” · Ayala Plans: “Education on its IC licence”
- Choose PhilPlans, Sun Life Financial Plans, Trusteeship Plans, Manulife Financial Plans, Ayala Plans or CityPlans if you want a pension plan. PhilPlans: “Pension on its IC licence” · Sun Life Financial Plans: “Pension on its IC licence” · Trusteeship Plans: “Pension on its IC licence” · Manulife Financial Plans: “Pension on its IC licence” · Ayala Plans: “Pension on its IC licence” · CityPlans: “Pension on its IC licence”
- Choose St. Peter Life Plan, PhilPlans, Freedomlife, CCLPI Plans, Goldenfuture Life Plans, Goodlife Plans, Evergreen Lifeplan or Trusteeship Plans if you want a memorial (life) plan. St. Peter Life Plan: “Life (memorial) on its IC licence” · PhilPlans: “Life (memorial) on its IC licence” · Freedomlife: “Life (memorial) on its IC licence” · CCLPI Plans: “Life (memorial) on its IC licence” · Goldenfuture Life Plans: “Life (memorial) on its IC licence” · Goodlife Plans: “Life (memorial) on its IC licence” · Evergreen Lifeplan: “Life (memorial) on its IC licence” · Trusteeship Plans: “Life (memorial) on its IC licence”
Then check the trust fund. Your future benefits are paid from it. At Dec 31, 2025 the trust funds of Sun Life Financial Plans were below the reserves the company must hold for its plans; every other company in the figures showed a surplus. Ask how the gap will be covered before you buy from it.
Ayala Plans, CityPlans collected no premiums in 2025, so confirm they are selling new plans before you sign.
Next step
Your rights as a planholder
- If you miss 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
- If you want out: you can end the plan at any time in writing and receive the termination value printed in your contract.Pre-Need Code sec. 24
- If the company fails: the plan's trust fund is for planholders only and cannot be used to pay the company's other creditors.Pre-Need Code sec. 30
- If the seller is not licensed: sales counselors need their own IC licence, and selling a pre-need plan without registration is punished by one year in prison and a fine of three times the contract price.Pre-Need Code sec. 20, 54(a)
Pre-need companies under receivership or liquidation
Planholders of these companies deal with the receiver or liquidator, not the old sales office (IC list as of Oct 10, 2025): Diamond Memorial Care Plans, Inc., conservatorship (CDO 15 April 2025); Eternal Plans, Inc., conservatorship (CDO 28 January 2022); Financial Freedom Plans, Inc., conservatorship (CDO 06 January 2022); Garden of Memories Memorial Park & Chapel Inc., conservatorship (CDO 29 December 2010); Group Developers Inc., conservatorship (CDO 13 September 2010); PrimeCare Kaagapay Life Plan, Inc., conservatorship (CDO 20 February 2020); Holy Gardens Memorial Plans, Inc., liquidation (effective 3 Aug 2026); Paz Memorial Services Inc., receivership (CDO 22 June 2018); Provident Plans International Corporation, receivership (CDO 19 December 2017); Caritas Financial Plans, Inc., liquidation (CDO 01 August 2023); Comprehensive Annuity Plans and Pension Corporation (CAP- PENSION), liquidation (CDO 27 January 2023); East Asia Plans, Inc., liquidation (CDO 29 December 2010); Excel Memorial Life Plans, Inc., liquidation (CDO 29 December 2010); Familicare Plans, Inc., liquidation (CDO 29 December 2010); Grayline Plans, Inc., liquidation (CDO 13 September 2010); Himlayang Pilipino Plans, Inc., liquidation (CDO 07 May 2021); Holy Life Plan, liquidation (CDO 29 December 2010); Loyola Plans Consolidated, Inc., liquidation (CDO 24 July 2019); Pamana, Inc., liquidation (CDO 13 September 2010); Pension & Retirement Plans, Inc., liquidation (CDO 13 July 2011); Phil Asia Care Plans, Inc., liquidation (CDO 14 September 2010); Premier Memorial Plans, Inc., liquidation (CDO 29 December 2010); Primanila Plans, Inc. (Pension), liquidation (CDO 29 December 2010); Primeplan Int'l Corp., liquidation (CDO 29 December 2010); Prudentialife Plans, Inc., liquidation (CDO 13 September 2010); Pryce Plans, Inc., liquidation (CDO 13 September 2010); Permanent Plans, Inc. (Trust Fund), liquidation; Transnational Plans Inc., liquidation (CDO 06 April 2022); Abundance Providers and Entrepreneurs Corp. (APEC) (Doing business under the name and style: “APEC PLANS,” formerly Pacific Plans, Inc.), liquidation (court); College Assurance Plan Phils., Inc. (Educ.), liquidation (court); Permanent Plans, Inc. (Life & Pension), liquidation (court); PET Plans, Inc., liquidation (court); Platinum Plans Philippines, Inc., liquidation (court); TPG Corporation, liquidation (court); Mercantile CarePlans, Inc., liquidation (effective 27 Jul 2026); Cocoplans, Inc., conservatorship (CDO 21 Jul 2026).
Sellers the regulator has stopped
The Notice to the Public names 4 pre-need sellers ordered to cease and desist: Majar Insurance Agency and Business Venture (Jun 19, 2017), One Life Memorial Systems Enterprise (Jun 14, 2016), Majar Senior Citizen Damayan (May 22, 2015), Win Mortuary Plan. None is on the 2026 licensed list.
Tax on pre-need plans
Pre-need plans carry DST of ₱0.40 on each ₱200 of premium or contribution collected. (NIRC Sec. 186 as amended by RA 10963, from Jan 1, 2018.) Example: ₱50,000 of plan contributions collected. DST = ₱50,000 ÷ ₱200 = 250 units × ₱0.40 = ₱100 (Sec. 186). documentary stamp tax calculator
Questions
What are the licensed pre-need companies in the Philippines?
12 hold a licence for 2026 (list as of Aug 31, 2026): St. Peter Life Plan, PhilPlans, Freedomlife, CCLPI Plans, Goldenfuture Life Plans, Goodlife Plans, Sun Life Financial Plans, Evergreen Lifeplan, Trusteeship Plans, Manulife Financial Plans, Ayala Plans, CityPlans.
Which is the biggest pre-need company?
St. Peter Life Plan, with ₱22.8 billion of the ₱23.9 billion in premiums the industry collected in 2025 (95%).
Is Caritas Health Shield licensed by the Insurance Commission?
It is not on the 2026 list of licensed pre-need companies, nor on the lists of insurers or HMOs as of Aug 31, 2026. Ask the seller which licensed company issues the plan.
Is there tax on a pre-need plan?
Documentary stamp tax of ₱0.40 on each ₱200 of premium collected (NIRC Sec. 186 as amended by RA 10963, from Jan 1, 2018).