Review of Sagicor Life Insurance Company
Sagicor Life is an innovator in the life insurance marketplace. The company offers a wide range of products, such as term, universal, and single premium policies. If you are wondering if Sagicor Life is the right fit for you, please give us a call today or continue reading our Sagicor Life Insurance Review.
Sagicor Life is one of dozens of top rated life insurance carriers that TermLife2Go represents. In the following review we will cover the positives, negatives and alternatives to Sagicor Life Insurance Company.
Not sure if a no exam policy is the best choice for you? Check out our article going over the pros and cons of both an exam versus no exam life insurance.
About Sagicor Life
The company offers a full range of products and has over 60 years of experience. Sagicor Life Insurance Company is available in 45 states and the District of Columbia. Sagicor is an innovator in the industry and has some great products available.
Sagicor Life’s A.M. Best Company Rating
As other Sagicor Life Insurance reviews probably mentioned, Sagicor has an “A-” rating by A.M. Best Company. The Financial Strength Ratings (FSR) and Long-Term Issuer Credit Ratings (ICRs) of Sagicor Life Insurance Company are FSR A- (Excellent) and the ICR of “a-“, with a stable outlook.
Although this is not as high as many of its competitors that we represent, the company is on solid footing financially and has been working on improving the company’s rating. Sagicor has a bright future.
Excellent no medical exam life insurance
Sagicor currently makes the honorable mention list for our top ten best life insurance companies in the United States and is included in our top ten best no medical exam life insurance companies due to the company’s excellent no medical exam life insurance. Sagicor Life also makes our top final expense insurance companies list. There really is no company in the marketplace right now that offers a superior no medical exam term or universal life policy in terms of efficiency and ease of use.
Do you have a health condition? Sagicor Life is an excellent choice for certain health conditions. For example, the company offers great rates on no exam life insurance with diabetes.
Sagicor Life offers three rate classes for the company’s simplified issue term and universal life: preferred, standard, and table rated in 10, 15 and 20 year terms. Many of our clients who do not want a medical exam due to time constraints or a fear of needles have been placed with Sagicor Life Insurance Company.
Sagicor Accelewriting Simplified Issue Products
Currently, Sagicor offers three products for the company’s accelerated underwriting life insurance coverage options.
Sage Term Life
The face amounts on no medical exam term life insurance range from $50,000 all the way up to $1,000,000 (with varying limits for different ages). Available for ages 18-65.
Sage No Lapse Universal Life (NLUL)
The face amounts on the no medical exam guaranteed universal life insurance ranges from $25,000 to $400,000.
Sage Whole Life
Sage Whole Life is simplified issue whole life insurance with face amounts from $25,000 to $250,000. No exam whole life insurance available for ages 16-65.
Fast approval times
A typical application for the simplified issue no medical exam term or universal life insurance is fast. From the start to approval, you can be done and insured in as little as fifteen minutes.
Sample Sagicor No Medical Exam Quotes
Sample Sagicor life insurance quotes for a 30 Year old
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Sample Sagicor life insurance quotes for a 40 Year old
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Sample Sagicor life insurance quotes for a 50 Year old
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All sample Sage term no exam life insurance quotes are based on a male at a non-smoker preferred rate class as of 12/17/19. Rates are subject to change and must be qualified for. For the most accurate quote, please give us a call today.
Rate Classes Available
Sagicor Life offers the following rate classes: preferred, standard and table rated. Sagicor Life also offers the following tobacco rate classes: preferred tobacco and standard tobacco.
Health and Lifestyle Conditions
Some general guidelines on what rate class you can qualify at for certain health and lifestyle conditions:
- Aviation: Possible preferred as long as no past or future piloting within 24 months
- Driving: Possible preferred as long as no DUI in the last 5 years and no more than 2 moving violations in the last 12 months
- Tobacco use: Possible preferred as long as no tobacco use in the past 24 months
- Diabetes: Possible rated if controlled and on oral medication or diet only
Fixed Indexed Universal Life Insurance
Sagicor also offers a fully underwritten indexed universal life insurance policy for ages 15 days to 85 years old. You can get the policy with a face amount minimum of $50,000. You can choose from two different death benefit options, level and increasing death benefit.
Because it is fully underwritten, super preferred rate classes are available for qualifying applicants. Wash loans are available after the 10th policy anniversary.
You can choose from three different indexed strategies, including a fixed account, S&P 500 Index strategy and Global Advantage strategy. The Global Advantage indices include the EURO STOXX 50, Russell 2000 and Hang Seng.
The IUL policy from Sagicor includes an accelerated benefit insurance rider at no additional cost which provides access to the death benefit for both qualifying terminal illness and chronic illnesses.
Cons to Sagicor
The reality is, this Sagicor Life Insurance Review does not have a lot to say negative against this company. Sagicor Life Insurance Company fills a huge need with the company’s no medical exam life insurance. It might be the ideal company for you. Then again…
Sagicor Life is but one company of many
Options are everything when shopping for life insurance. Sagicor Life is a great company but it has its limitations. This company will not always be the best option. That is why it is imperative that you contact an agency, such as TermLife2Go, that can present you with alternatives.
Alternatives to Sagicor
If you are seeking out Sagicor life insurance reviews then you are probably internet savvy. The internet can be used as a great tool for finding the best life insurance available.
And the truth is, there is no perfect life insurance company. All the top companies have their unique features that create differentiation. Sagicor might be the best company for you.
However, you may find that another company offers a more competitive rate because you fit that company’s unique niche. And that is one of the key ways of finding the best life insurance for you—knowing which company best meets your specific health or lifestyle niche. Therefore, it is always good to shop around for the best rate on life insurance specific to you and your unique health profile. That is where TermLife2Go comes in.
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