Pre-Need Companies Under Court Rehabilitation as of March 2012

According to a report published by the Insurance Commission on its website, these are the 6 pre-need companies under court rehabilitation as of March 2012.

1.  Permanent Plans Inc. — Life, pension
Liquidation pending, RTC Makati, Branch 66

2.  College Assurance Plan Phils. Inc. — Education
Rehabilitation pending, RTC Makati, Branch 149

3.  Abundance Providers and Entrepreneurs Corp. — Education
Rehabilitation pending, RTC Makati, Branch 61
This firm APEC, formerly Pacific Plans Inc., is still operating as a pre-need firm licensed for the year 2012-2013 to sell life plans.

4.  PET Plans Inc. — Education, life, pension
Rehabilitation pending, RTC Makati, Branch 149

5.  Platinum Plans Phils. Inc. — Education, life, pension
Rehabilitation pending, RTC Makati, Branch 61

6.  TPG Corp.
Rehabilitation pending, RTC Makati, Branch 149
Note:  Ideal Pension Plans filed for insolvency or liquidation at the RTC Makati, Branch 66

Two pre-need companies have filed for liquidation or insolvency:  Ideal Pension Plans and Permanent Plans. But we wonder why Ideal Pension is included in the list of pre-need companies under conservatorship while Permanent Plans is included in the list of pre-need firms under court rehabilitation.

 

Pre-need Companies That Remain Under SEC Supervision as of March 2012

Pre-Need Companies Under Insurance Commission Conservatorship as of Feb 2012

4 Comments

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  1. How will I be notified of the date I would receive payments from Platinum Plans Phil. Inc.? Since Sept. 2007 pa po ang maturity ng PPPI plans ko. best regards, Gani

    1. Hi Helen, APEC’s office is at 11th and 12th Floor, Chatham House, Valero cor. Rufino St., Salcedo Village, Makati City. You can call 888-2732 about your educational plan. It’s only the educational plan program of APEC that was put into conservation by the Insurance Commission, but their life and memorial businesses are working, so you can ask APEC about how to go about your educational plan.

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