Sagicor Life Insurance Company (Sagicor) is a full-service life insurance company offering a wide range of life and annuity products. Sagicor’s life product line includes whole, term and universal. Its annuity options include a range from immediate to long term tax-deferred growth. Sagicor is part of the Sagicor Financial Corporation (SFC) family since 2005. Founded in 1840, SFC is one of the oldest insurance groups in the Americas, with operations in 21 countries, mainly in the United States and the Caribbean. SFC has approximately $5.5 billion in assets and has been a leader in its communities for over 170 years.
Sagicor operates in 45 states and the District of Columbia and its products can be obtained from its network of nearly 7,000 independent and career agents. Sagicor is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings). This rating is based on Sagicor’s financial strength and ability to meet its ongoing obligations and has total assets of approximately $1.2 billion. Sagicor is currently ranked as one of the top 140 largest life insurance companies in the United States1. In addition to its financial strength, Sagicor is known for innovative products and systems, specifically its highly competitive underwriting process called Accelewriting® that is available via its eApplication.
Sagicor is one of the few companies in the industry offering a full service eApplication that returns a decision in minutes without a phone interview. Below are some of the great selling points to their Sage No Lapse Universal Life (NLUL) Insurance product available on the eApplication platform.
- Level Premiums
- Coverage to age 120
- NLUL product is available for Issue Ages: 15 Days – 85 Years
- Accelewriting® available for Issue Ages: 16 Years – 65 Years
- Accelerated Death Benefit Rider for Terminal Condition or Chronic Illness – NO ADDITIONAL COST2
- Short Form Application
- No Medical Exams up to $249,9993
- No Phone Interview
- Extremely Competitive Rates
- 5 Rate Classes
We have seen many offer the Sage NLUL product to give clients more death benefit for nearly the same cost as a smaller final expense policy. When it comes to focusing on what’s best for your client, this is an option every agent should be considering. Sagicor also has an amazing term product that will write up to $400,000 using the same eApplication platform. Agents who contract with Sagicor get access to all products, as well as the support through the Redbird network.
Redbird has chosen to contract with Sagicor as a premier partner due to its focus on supporting the distribution channels. As an established and competitive life insurance and annuity provider, Sagicor has a team dedicated to supporting its independent agent channels. And, in order for us to follow through on our promise to support the agents in our network, we must affiliate ourselves with like-minded insurance companies.
If you would like to contract with Sagicor Life Insurance, please email [email protected] or call 866-547-8780 ext. 102.
1 Best’s Review July 2014 (ranking by assets)
2 Cost of rider is included in premium. Chronic Illness not available in all states.
3 For ages 16 years – 65 years through Accelewriting™. Issuance of policy may depend on answers to the health questions in the application.