Sagicor Life Insurance Review

Looking for life insurance without the hassle of a medical exam? Sagicor Life may an option, but is it the best fit for you?

Here’s everything you need to know about Sagicor’s financial strength, policy options, underwriting, and where it stacks up against the competition.

As you’ll see, there is nothing that this company offers that you can’t find elsewhere with a better rated and financially stronger company.

Sagicor Life Insurance Company is part of Sagicor Financial Corporation, a financial services group with roots going back to 1840. The U.S. life insurance arm is based in Scottsdale, Arizona.

Sagicor offers simplified issue policies using its Accelewriting platform — an automated underwriting process designed to deliver decisions in minutes with no medical exam for qualified applicants.

Recent ratings of Sagicor and its parent company, Sagicor Financial Company Ltd.

• AM Best: A-
• Fitch: A- (parent company)

Sagicor is never going to rival top-tier companies like MassMutual, State Farm, or Northwestern.

Sagicor offers a small but focused lineup of life insurance products. Their main offerings include:

A couple of years ago, Sagicor was at the forefront of developing instant approvals, but now other companies, including Banner Life, Symetra, and Corebridge Financial, offer this service.

Sage Term highlights:

• Term lengths: 10, 15, or 20 years
• Coverage: $50,000 and up
• Issue ages: Up to age 75
• Conversion: Available to age 70
• Riders available:
  • Accidental death
  • Children’s term,
  • Waiver of premium
  • Accelerated benefits

Accelerated underwriting is available for coverage up to:

• $1 million (ages 18–45)
• $750,000 (ages 46–55)
• $500,000 (ages 56–65)

This is a solid option if you want term life coverage quickly, especially without a medical exam. Other companies offering accelerated underwriting include John Hancock, Lincoln Financial, Protective Life, Prudential, SBLI, and Transamerica.

With a single premium life insurance product, you pay a one time premium and the company offers you a permanent policy.

For Sagicor, their policy offers:

• Single premium: Starts at $5,000
• Issue ages: 18 to 85
• Choose from index-linked strategies:
  • S&P 500
  • iShares ETFs
  • Fixed declared rate
• Living benefits:
  • Terminal Illness
  • Chronic Illness
• Return of premium: Full refund available (less withdrawals or loans)

This product targets clients seeking long-term protection and wealth transfer, with market-linked growth and downside protection.

It’s particularly popular in estate planning and Medicaid spend-down strategies.

Personally, I would want a stronger-rated and financially secure company if I were buying a single premium policy. I would look at MassMutual, Guardian, New York Life, or Northwestern Mutual.

Sagicor’s Accelewriting program offers quick approvals by using checks of:

• Prescription drug history (Rx)
• MIB (Medical Information Bureau)
• Motor vehicle records (MVR)

Healthy applicants may receive an approval decision within 1–2 minutes, with no phone interview or medical examination required.

If additional information is needed, the application is referred to underwriting.

Accelewriting eligibility limits (by age and Net Amount at Risk):

• Ages 18–49: Up to $500,000
• 50–65: Up to $350,000
• 66–75: Up to $200,000
• 76+: Up to $100,000

Note: “Net Amount at Risk” is the death benefit minus your single premium for WealthCare.

For larger face amounts or more complex cases, traditional underwriting is available, with medical exams and APS (doctor’s records) as needed.

Substandard rates go up to Table 8. Sagicor is not known for being aggressive with high-risk life insurance. Better options include Prudential, Lincoln Financial, and John Hancock.

Sagicor offers customer support through its U.S. headquarters in Scottsdale.

• Phone: 888-724-4267
• Online: Here
• Address: 8660 E Hartford Drive, Suite 200 – Scottsdale, AZ 85255

Sagicor Life Insurance is available, but I’m not sure why you would even consider this company, given the choices available with other life insurance companies.