If you’re here for information on becoming an independent agent with Sagicor life insurance company, you can click here to get started. Or, you can take a minute and read all the great things Sagicor has to offer independent agents (I suggest reading along!).
Sagicor Life Insurance Company is a full-service life insurance company offering a wide range of life and annuity products including non-medical term, whole, and no lapse universal life.
Their 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 life USA 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 life insurance company is known for innovative products and systems, specifically its highly competitive underwriting process called Accelewriting® that is available via its eApplication.
Below are details on the two products we find agents use most with Sagicor life USA.
We have been working with Sagicor for a few years and their products continue to get stronger. One of the things I love about Sagicor is how competitively priced their no exam term is compare to many of the cheap term life insurance companies available. Not to mention, many of those companies require full medical testing and Sagicor’s Sage Term has no exam up to $500,000. Sagicor term details below.
- Guaranteed level premiums
- Convertible to age 70
- Electronic policy delivery available when utilizing the e-application and accelewriting process
- Accelewriting available up to age 65
- No cost terminal and chronic condition rider
- Extremely easy online application
- No exam up to $500,000
- No phone interview
- Some of the best term life insurance rates available (even when you compare to fully underwritten)
- 5 rate classes available.
Sage No Lapse Universal Life
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 $400,0003
- No phone interview
- Extremely competitive rates
- 5 Rate Classes
We have seen many agents 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 $500,000 using the same eApplication platform. Agents who contract with Sagicor get access to all products, as well as the support through the Redbird network.
For more information, you can take a look at Sagicor’s products at a glance here.
Sagicor Life Insurance Agent Contracting
Agents who contract with Sagicor get access to their full line of life insurance and annuities products as well as the support through the Redbird network.
It’s easy to get appointed and in most states you can submit a life insurance application with your contracting paperwork. One your are approved as an independent Sagicor agent, you’ll receive access to the Sagicor agent login link.
This will allow you to write Sagicor life insurance with no exam easily through the e-application system. You’ll want to always use the e-application as it pays more commission than using paper. This is Sagicor’s way of saving the world and forcing agents to get more comfortable with technology…another reason we love working with them.
Why Become a Sagicor FMO
Redbird was chosen to become a Sagicor FMO and premier partner due to Sagicor’s 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 independent life insurance agents in our network, we must affiliate ourselves with like-minded insurance companies.
We are a proud Sagicor FMO and look forward to growing along side Sagicor Life USA for many years.
For more information on how to contract with Sagicor Life Insurance, please email us or call 866-547-8780 ext. 102. We can have you contracted and selling with Sagicor in no time!
If you’re already a licensed and looking for the Sagicor agent login link, you can access using our easy agent login tool.
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.