best way to get info is from their retention/loyalty/recontracting hotline (211 or 7301000)
now as for my opinion:
you can keep your plan.
getting a "free" phone? it should be from a list of available units offered corresponding to your current plan.
you can upgrade plan if you like too, with this the bundled phone options will vary.
want a phone that is not free but willing to cash out? there is also that list for you. although not all phone from the market will be offered to you at the recontracting process.
and as my advise, make sure you understand what you are getting during the recontracting, the plan, what it offers, the charges, the limitations and the what not.
goodluck and enjoy Globe beemo
call the loyalty department at 027301300 and ask them if there's a cash out. if i were you, i would recontract today. the loyalty department will be rolling out recontracting offers under mylifestyle plan starting tomorrow, january 7, 2015. as per FAQ on mylifestyle plan recontracting MyLifestyle Plan Re-Contracting | Postpaid | Help and Support "What if I dont migrate to mylifestyle plan? You may still retain your existing plan, however, you won't be eligible to avail of any re-contracting reward" so call them today if you still want to recontract under your old plan.