Are you considering a life insurance policy from Sagicor Life Insurance Company?
We provide you with everything you need to evaluate this life insurance company.
Sagicor started in 1954 as the American Founders Life Insurance Company.
Over the years American Founders was bought and sold and was part of the 1980 Lincoln Savings & Loan meltdown.
In 2005, Sagicor Financial acquired American Founders and renamed it Sagicor Life Insurance Company.
A lot of the best life insurance companies have been playing catch-up to this company when it comes to accelerated policies.
AM best rating as of 09-2020 and subject to change.
With $7+ billion in life insurance inforce and over 111,000 policies, Sagicor is a small but growing company.
It’s pretty easy to get a life insurance policy with Sagicor.
Sagicor’s accelerated underwriting process is called Accelewriting.
They make it fast and easy to obtain a policy if you meet the following criteria:
The Accelewriting process involves an e-application to provide decisions in minutes for many cases.
Telephone interviews, paramed exams, labs, or medical records are not required to be approved.
Sagicor life insurance policies are competitive with accelerated underwriting.
The conversion privilege is very competitive too.
Sage Term life insurance offers the following:
A number of riders are available including:
Accelerated Benefit Insurance Rider – This no-cost rider advances a portion of the death benefit for:
Terminal Illness – If diagnosed with less than 12 months to live, a portion of the death benefit may be advanced to you now.
The minimum is $25,000 and the maximum is the lesser of $300,000 or 50% of the total death benefit.
Nursing Home Confinement – If the insured is confined to a nursing home and expected to be there until death.
A monthly benefit ranging from $250 to $5,000 over a 5 year period of time.
Accidental Death Benefit Rider – Additional cost rider – provides an additional benefit in the event of death by a qualifying accident.
Children’s Term Rider – Additional cost rider – Provides level term insurance for eligible children.
Waiver of Premium Rider – Additional cost rider – Waives premiums when the insured is totally disabled.
The Sagicor policies have a number of options available that are worth considering when buying life insurance.
Sagicor offers universal life insurance and whole life insurance policies.
WealthCare Indexed Single Premium Universal Life insurance – This single premium policy gives you the ability to transfer wealth to loved ones or charities.
Options and riders may vary by age, state and other factors.
Fixed Indexed Single Premium Whole Life – A single premium whole life policy.
Policy riders and features may vary by state and may not be available to all insureds.
You may call Sagicor customer service at 888-724-4267
You may view policy details online – here
Sagicor’s home office is located at 8660 E. Hartford Drive – Scottsdale, Arizona 85255
It’s definitely worth considering Sagicor for your life insurance needs.
When you receive quotes from us, we’ll provide you with comparisons of the companies available so you may choose which life insurer is best for you. Thank you.
We take our responsibility seriously and will do whatever we can to make sure you end up with the best life insurance company based on your unique life insurance needs and situation.