Ron Attias is a licensed insurance broker. He has no particular loyalty to any one insurance company, so he is able to shop all major insurance carriers. This means that you always get the BEST plan at the LOWEST price. Each plan can be customized to fit your specific healthcare needs and budget.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Oct 28, 2019

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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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Key InfoCompany Specifics
Year Founded1840
Current ExecutivesCEO - Dodridge D. Miller
Chairman of the Board - Stephen D.R. McNamara
President & COO - Bart Catmull
Number of Employees140
Total Assets$7,308,000,000 (Group Total)
$2,293,000 (U.S. Only)
Total Revenue$1,484,300,000 (Group Total)
$421,000,000 (U.S. Only)
HQ Address4343 N. Scottsdale Road, Suite 300, Scottsdale, AZ 85251
Phone Number480-425-5100
Premiums Written$413,811,039 (All Lines)
$44,102,016 (Individual Life)
Financial Standing$96,000,000 (Group Net Income)
$18,000,000 (U.S. Net Income)
Best ForHigh-value No-exam Term Life
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Caribbean-based Sagicor Financial Group operates in 22 countries including the United States, where it’s known as Sagicor Life USA. They write term, whole, and universal life.

There are a lot of life insurance companies out there, and they all make big promises. It’s hard enough to plan for the unthinkable. How can you decide if Sagicor is the right company to entrust with your family’s financial future?

We can help you to decide by taking care of all of the research on the company’s background on your behalf.

Read on to learn all about Sagicor’s financial status, reputation, products, and rates compared to competitors. Everything you need to know to make a solid life insurance choice is right here.

Ready to compare life insurance quotes right now? Enter your zip code on the right side of the page now to get started.

Sagicor’s Ratings

Below, you’ll find the ratings for Sagicor from a variety of trusted names in financial and consumer reporting agencies.

Ratings AgencySagicor Rating
A.M. BestA-
NAIC Complaint Index1.55
J.D. PowerN/A
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The first thing you will notice is that Sagicor is not rated by all of the common sources. We’ll break down all of the ratings here to explain what they mean and which agencies didn’t rate Sagicor.

A.M. Best

A.M. Best uses a letter grading system to rank companies based on their financial strength. Sagicor’s A- rating places them at the fourth-highest available rating and translates to “excellent” in the A.M. Best system.

This means A.M. Best believes Sagicor to be a financially stable company that will have little difficulty paying its debts. What it means to you is that the company will be able to pay claims easily.

Better Business Bureau (BBB)

The BBB is one of the best-known sources for consumer ratings and complaints. Sagicor has an A+ rating. The BBB has only one complaint on file for this company in the past three years.


Sagicor is not currently rated by Moody’s, which is one of the premier corporate credit reporting agencies. Moody’s rates companies on their ability to pay debts and credit-worthiness.

Standard & Poor (S&P)

Like Moody’s, S&P also rates companies on their credit-worthiness. Again, Sagicor is currently not rated.

NAIC Complaint Index

Sagicor has a complaint index of 1.55 based on the National Association of Insurance Commissioners (NAIC) records. A complaint index of 1.0 is the national complaint index average.

At 1.55, Sagicor is a little above the national complaint index, meaning they have more complaints than what is expected based on the average for the market.

J.D. Power

J.D. Power runs annual consumer surveys and ranks companies based on the results. Sagicor, probably due to its smaller size, did not rank on the J.D. Power individual life insurance survey.

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Company History

Sagicor was founded in 1840 as the Barbados Mutual Life Assurance Society. Expansion began within the first decade as the company moved into nearby markets including Trinidad and Tobago.

The company continued to grow in the following decades through multiple acquisitions. In 2002, Sagicor Financial Group was established as a holding company and most of the subsidiaries took on the new name.

Sagicor’s history in the U.S. starts in 2005 when they acquired a Texas company called American Founders Life. That company was founded in 1954 and was rebranded to the Sagicor name the year after the acquisition. At the same time, Sagicor also acquired another U.S. life insurance company, Laurel Life.

All the company’s U.S. acquisitions operate as Sagicor Life Insurance Company, which is a subsidiary of Sagicor Financial Group. Subsidiaries of Sagicor Life are Sagicor Re Insurance Limited and Capital Life Insurance Company.

Sagicor Life has its head office in Scottsdale, AZ, and corporate offices in Tampa Bay, FL.

Sagicor’s Market Share

Sagicor is a small life insurance company in the U.S., although they’re pretty big on an international level. Here, they are still working to grow their business.

Sagicor doesn’t rank in the NAIC top 125 life insurance companies for market share on a national level, although they do rank in the top 125 for various states. That includes their home state of Arizona.

Sagicor’s Position for the Future

Sagicor is putting a lot of effort into increasing market share and brand recognition in the U.S. They sponsor both the Tampa Bay Rays and the Tampa Bay Lightning, which brings them a lot of advertising opportunities in the area.

According to the company’s annual report, its biggest source of revenue increase has been the U.S. segment of the market.

Although the company’s net income went down from year to year, with total group revenue of $103 million in 2018 compared to $115.9 million in 2017, the report attributes this to having paid out a larger amount in benefits over that same time period.

Overall, the company’s financial situation is good, and its focus on the U.S. market is likely to make them a strong contender to break into the top companies in the coming years.

Sagicor’s Online Presence

Sagicor has made a push towards improving its online presence in the past few years. Previously working mainly through agents, customers can now quote and apply for life insurance easily on the company website.

The Sagicor Now system provides instant quotes with only a few quick questions and no personal or contact information required.

The agent option does still exist for those that prefer to sit down with someone in person to discuss options. Sagicor products are sold through independent agents across their service area.

Sagicor’s Commercials

Sagicor’s advertising is generally aimed at the Caribbean market, where they are large and very well known. You won’t run into a lot of advertising for the company on U.S. televisions.

Their advertising is mainly local in their office areas, which are in Tampa Bay and Phoenix.

The company does have a recent advertising campaign with the slogan Life Moves Fast. The life insurance commercials don’t specifically focus on any one country.

Sagicor in the Community

Sagicor is involved in philanthropic works in multiple countries, including the United States. They provide disaster relief as well as support education, athletics, and children’s hospitals and charities.

Most recently, Sagicor responded to the devastation caused by Hurrican Dorian in the Bahamas with a promise of $300,000 in aid.

In the U.S., Sagicor sponsors and works with several charitable organizations, including:

In addition to larger charities, Sagicor also works directly with local schools near their Tampa Bay and Scottsdale offices. They host an annual holiday party for a Phoenix-area elementary school and work with the Adopt-a-Class program, as well.

Sagicor’s Employees

Information on Sagicor’s work environment is somewhat limited, likely due to the size of the company.

  • Age of Employees: The limited information on Glassdoor and Payscale doesn’t provide an average age for employees. Payscale does, however, show that the employees surveyed are mid-career and experienced, which indicates an older workforce.
  • Employee Experience: The employee reviews of Sagicor found on Glassdoor add up to an overall 3.6-star rating. Comments by employees are mixed, with some highly positive and some indicating a negative experience. Payscale’s rating shows high satisfaction but is based on only two reviews of the company.
  • Awards and Accolades: Sagicor is a small company, which means it generally flies under the radar for the major Best Places to Work lists released annually. The much larger branch of the company in Jamaica has won awards, including for excellence in customer service.

Shopping for Life Insurance

Sagicor’s focus is on straightforward life insurance products that are easy to buy and affordable. With the Sagicor Now system the company introduced in 2017, shopping for coverage with the company is simple.

According to the 2018 Insurance Barometer Study from Life Happens and LIMRA, one in three adults shopping for life insurance either purchased coverage online or attempted to purchase it that way. That highlights the importance of Sagicor’s online system.

The cost of life insurance is a top concern for just about everyone. Let’s take a look at some sample rates from Sagicor to see how they stack up.

Average Sagicor Male vs. Female Life Insurance Rates

First, let’s compare rates for a short, 10-year term life policy at a relatively low face value of $100,000. All of the rates in this section are for a non-smoker.

10-Year, $100,000
By Age and Gender
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Twenty years is the longest term length currently available from Sagicor. Below you’ll find sample rates for a 20-year term policy at a much higher face value of $500,000.

20-Year, $500,000
By Age and Gender
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These sample rates highlight the importance of buying life insurance at a young age. That’s particularly true if you are seeking more coverage.

At 25 years old, you can buy five times the coverage for twice the term length from Sagicor for a premium increase of about $10. At age 65, that rate difference is in the hundreds.

Coverage Offered

Sagicor writes term, whole, and universal life. They recently added their newest product, a final expense policy called Peace Assured.

Term life policies are available in somewhat limited lengths, with 20 years being the longest and no 30-year policy available. The user-friendly website makes it easy to locate plan information and to compare rates quickly.

Types of Coverage Offered

Let’s take a closer look at the different types of policies available from Sagicor.


Sagicor’s Sage Term 10/15/20 life policy is a guaranteed level term policy with a level death benefit to age 95.

Sage Term can be purchased in 10-, 15-, and 20-year terms, as indicated by the product name. All the term policies can be converted to a permanent product at the end of the term or can be renewed at adjusted rates based on age.

Coverage can be written in both tobacco and non-tobacco with a variety of risk classes.

Sagicor offers two types of underwriting options.

Accelewriting® is their simplified, accelerated underwriting option. It’s offered on specified products and allows the applicant to skip the medical exam. An application decision can be provided in a few minutes and the policy issued immediately. Not all applicants will qualify, and in some cases, further review and a medical exam may be required.

The fully underwritten policy follows standard underwriting procedures and includes a medical exam.

Issue ages and death benefit amounts are as follows:

  • 18 years to 45 years: Coverage amount $50,000 – $1,000,000 with Accelewriting® or $1,000,001 or more if fully underwritten
  • 46 years to 55 years: Coverage amount $50,000 – $750,000 with Accelewriting® or $750,001 or more if fully underwritten
  • 56 years to 65 years: Coverage amount $50,000 – $500,000 with Accelewriting®, or $500,001 or more if fully underwritten
  • 66 years to 75 years: Coverage amount of $50,000 or more, must be fully underwritten

All term policies automatically include an accelerated death benefit rider at no additional charge.


Sagicor has a few different options for whole life. The first is a basic whole policy, while the others are single premium options.

– Sage Whole Life

Sage Whole Life is the company’s basic whole life insurance policy, offering permanent coverage with a cash account. This plan has guaranteed level premiums for life and a guaranteed death benefit. The cash account accumulates on a tax-deferred basis and can be taken out as a loan or surrender.

Sagicor offers its Accelewriting® option on whole life policies with an issue age between 16–65 and with face value amounts between $25,000–$250,000. For applicants above the age of 65, there is a fully underwritten option. The maximum death benefit is still $250,000. This plan can be issued up to the age of 85.

Sagicor also has a juvenile option on this policy. The policy can be issued between the ages of 15 days to 15 years old. The minimum death benefit is $25,000, and the maximum is $99,999.

Like the term life policy, Sagicor includes an accelerated death benefit rider at no additional cost with their whole life policy.

– Interest Sensitive Single Premium Whole Life

The Interest Sensitive Single Premium Whole Life policy is, as the name implies, a single premium option. It’s intended for those looking to transfer accumulated wealth into a whole life policy, generally for estate-planning purposes.

This type of policy is aimed at older people who have saved for retirement and have cash in a variety of different investment vehicles. Placing some of that cash into a single premium whole life policy gives access to living benefits as well as ensuring an easy transfer of wealth after the insured passes away.

The issue age for this policy is between 45 – 85, with a minimum single premium of $5,000.

Sagicor offers the single premium life with it’s accelerated underwriting, although some applicants may be required to answer further questions or undergo a medical exam.

The guaranteed interest rate for this policy is 3 percent, avoiding market volatility and ensuring stable growth of the investment. There is a 100 percent guarantee on the amount of the initial premium investment, which will be returned to the insured in full if the policy is canceled.

Other benefits of the single premium policy include:

  • Loans are available any time
  • Partial withdrawal in a minimum amount of $500 can be made at any time, with a possible charge during the surrender period
  • Tax-deferred interest on the cash value of the policy as well as on the compounding of interest on interest

Sagicor does charge fees and surrender charges of 8 percent for the first two years, 7 percent for the third and fourth year, and decreasing by 1 percent each year thereafter until it becomes a zero charge in the eleventh year.

– Fixed Indexed Single Premium Whole Life

The final whole life option is the Fixed Indexed Single Premium Whole Life. Like the other single premium policy, this product is aimed at those looking to handle estate planning with whole life.

This policy links the cash account to a particular index. That makes it a bit more complex in terms of a life insurance choice, as well as a little more risky in terms of return on investment.

This policy has many of the same benefits attached as does the other single premium whole life, including loans, withdrawals, and tax benefits. It also offers a 100 percent premium return guarantee and includes the accelerated death benefits rider automatically at no charge. Additionally, it offers the following:

  • 10 percent of the single premium payment is immediately paid to the policy
  • A guaranteed interest rate of 2 percent along with future credit interest

There are three interest crediting options:

  • Fixed interest rate declared by Sagicor, guaranteed for one year
  • An S&P 500® index strategy for one year
  • An index strategy tied to the S&P 500®, Euro Stoxx 50®, and Hang Seng® indices

The minimum single premium is $5,000 for this policy.

Universal Life

Sagicor has two options for universal life. These are both permanent policies.

– Sage No Lapse Universal Life

Like all universal life policies, this is a permanent insurance policy with a death benefit as well as a cash accumulation account. Universal life is more flexible than whole life and allows changes to the death benefit and premiums paid over the years.

Sagicor’s basic universal life policy can be issued between the ages of 16–85 years. There is also a juvenile underwriting option that can be issued between 15 days old to 15 years old.

The minimum face amount is $25,000. For accelerated underwriting, the maximum is $400,000. Fully underwritten policies can have a higher coverage amount. For a juvenile policy, the maximum coverage is $99,999.

Benefits of the Sage No Lapse Universal Life policy include:

  • Guaranteed level premiums
  • Guaranteed annual interest rate
  • Flexible death benefit protection period
  • Lapse protection

Like all Sagicor policies, this one includes accelerated death benefits at no additional charge.

– Sage Indexed Universal Life (IUL)

As an indexed policy, the cash accumulation value of this option is tied to an index. Premiums paid, minus the cost of insurance, will go into the cash account where they will earn interest according to the chosen option.

Like the indexed whole life, there are three choices for interest crediting:

  • A fixed declared interest rate guaranteed for a minimum of one year, with a bonus possible in the 11th year.
  • Interest tied to the S&P 500®
  • Interest tied to global markets using the S&P 500®, Euro Stoxx 50®, and Hang Seng® indices

You can choose between a level and increasing death benefit with this policy. It also allows variable and fixed policy loans as well as withdrawals from the cash account.

Sagicor includes two riders at no charge with this policy. As with all of their policies, accelerated death benefits are included. The IUL also includes a free over loan lapse protection rider. This protects the policy from lapsing when the cash account is depleted by loans.

An IUL is sold as both a life insurance policy and an investment vehicle and requires discussion with a financial advisor to determine whether it’s the right choice for you. Sagicor does offer downside market protection, which makes it a relatively safe investment, but not always the right choice for everyone.

Final Expense

Sagicor’s final expense policy is called Peace Assured.

It’s a no-exam whole life policy that is designed to cover funeral costs and other final expenses. Rates are guaranteed for life, as is the death benefit amount.

Coverage starts at $5,000 and goes up to $35,000. The amount of coverage offered is based on the choice of coverage tiers:

  • Basic at $5,000–$10,000, meant for a simple funeral with burial or cremation
  • Classic at $15,000–$20,000, which is intended for a more involved funeral with visitation and formal service
  • Grand, which offers coverage in the range of $25,000–$35,000 for a more expensive funeral

In spite of being marketed this way, the beneficiary can use the death benefit for any purpose.


Sagicor provides a small selection of riders to choose from to add value and extra benefits to your policy.

– Accelerated Death Benefit

As we have already noted, Sagicor includes an accelerated death benefit rider with all of their policies at no additional charge. This rider allows the insured to access a portion of the death benefit while living if diagnosed with a terminal illness or chronic illness.

This will reduce the amount that is available to the beneficiaries as a death benefit.

– Accidental Death Benefit

This rider increases the death benefit if death is the result of an accident.

This coverage is available on Sage Whole Life, No-Lapse Universal, IUL and term life policies.

– Children’s Term Rider

This rider adds term life insurance coverage for the insured’s children. The coverage lasts until age 25 or until the child is married, and can be converted to a permanent life policy for that child.

This coverage is offered on Sage Whole Life, No-Lapse Universal, IUL, and term life policies.

– Waiver of Premium Rider

This rider waives the premiums on the policy if the policy owner becomes totally disabled. Premium payments resume when the owner is no longer disabled.

This rider is offered on Sage Whole Life, No-Lapse Universal, IUL, and term life policies. On universal policies, it is called Waiver of Monthly Deductions.

– Guaranteed Insurability Rider

This allows the insured to purchase additional coverage at regular intervals and doesn’t require any evidence of insurability. This coverage is only available on the IUL policy.

Factors That Affect Your Rate

A lot of different factors can affect your rate at Sagicor. Which factors have an impact depends on the type of underwriting you select. Accelerated underwriting will involve fewer factors than full underwriting. Let’s take a closer look.


Regardless of the underwriting approach, basic demographics will always have an effect on your rates with Sagicor.

Age and Gender: Age and gender are the two largest areas in terms of demographics. As you may already have noticed from the rate tables above, females tend to pay lower rates overall.  There are a number of reasons for this, the largest being that women have a longer life expectancy than men.

Age is a major influence on rates for the simple reason that the older you get, the more likely it is you will pass away during the policy period.

Marital Status: Marital status can also have an impact on your life insurance rates, although it’s not as big a factor as age and gender.

Married people generally tend to live a safer lifestyle and are less likely to take risks. There’s evidence that married men are healthier and live longer, making them a better risk for insurance companies.

Current Health & Family Medical History

The current state of your health is easily one of the most important factors in determining life insurance rates. Healthy people get better rates than those with ongoing health concerns.

Even if you select Sagicor’s accelerated underwriting policy, the insurance company will still need some health information. Life insurance companies will access your medical information in a variety of ways:

  • Medical questions on the application
  • Records provided by MIB (Medical Information Bureau), an agency that keeps files on all medical information gathered during previous life insurance applications
  • Pharmacy records
  • Medical records requests from your doctors
  • Medical exams, which can include bodily fluid testing (blood, saliva, and urine)
  • Attending Physician Statements

If you are applying without a medical exam, Sagicor will still ask medical questions and check the MIB files and pharmacy records.

When you sign the application for life insurance, all of the sources from which Sagicor plans to gather information will be listed in the fine print. They can’t gather information on you without your permission.

High-Risk Occupations

An occupation with an increased risk of death (based on statistics) will impact your life insurance rate class.

Examples of high-risk occupations include:

  • Pilots
  • Farmers and ranchers
  • Commercial fishermen
  • Miners/extraction workers
  • Roofers
  • Iron and steelworkers
  • Loggers
  • Truck drivers and other occupations involving a lot of time on the road
  • Power line workers
  • Some police officers

Not all police officers are rated in the same high-risk category. Patrol officers or those working in offices aren’t considered high risk. State troopers, SWAT team members, and any class of officers that receives hazard pay will make the list.

High-Risk Habits

Habits that increase your risk will also affect your life insurance rate. This is often called impaired risk life insurance.

Smoking (and other tobacco use) is at the top of this list. Sagicor, like most life insurance companies, offers both tobacco and non-tobacco rate classes. If you have used tobacco within the 24 months before applying, Sagicor will rate you in the tobacco class.

Other high-risk habits include drug and alcohol use and dangerous hobbies like sky diving and mountain climbing.

Veterans or Active Duty Military

Life insurance policies aimed at civilians may include certain exclusions that make them less than ideal for active-duty military. Specifically, warzone death is commonly excluded, but other exclusions may include terrorism or non-commercial aircraft-related deaths. These exclusions usually don’t apply to veterans.

Some companies specialize in life insurance for military members, but Sagicor is not one of them. We didn’t find anything on the Sagicor site specifically about military exclusions, but strongly recommend that you read all of the fine print on the policy before signing.

Getting the Best Rate with Sagicor

Life insurance rates do vary based on age, gender, and rate class, and some of those factors are out of your control. Some factors, however, can be changed and can save you a lot of money. Let’s look at how to get the best rate more closely.

Life expectancy is at the root of everything a life insurance company considers when determining what you pay. It determines how likely they are to need to pay a claim, and when.

At Sagicor, as with all life insurance companies, you will pay a lower rate when you are young than if you take out the policy later in life. Rates increase every year, but they start to jump after the age of 45.

Between the ages of 20–40, rates go up by a few dollars. After 45, they start to increase in double-digits amounts. That’s because the number of years you are expected to live from the time you take out the policy is decreasing much more quickly.

To get the best life insurance rates, there are a few things you can do:

  • Don’t use tobacco, or quit right away if you do
  • Exercise regularly
  • Maintain a healthy weight
  • Eat a healthy diet
  • Give up dangerous habits
  • Take out a policy as young as possible (don’t wait)
  • Always make payments on time and don’t let a policy lapse
  • Buy the amount of coverage you think you will need in the future right now

Sagicor pushes its no-exam life insurance option and does offer affordable rates for this coverage. However, fully underwritten policies are still cheaper.

If you’re in good health, opt for the medical exam to get a lower rate.

Sagicor provides the best rates for people that are in good health and don’t have a complex medical history. This allows them to be able to offer high-value no-exam coverage with face values of up to $1 million.

We’ve already looked at some sample rates from Sagicor in this review.

Below are a few more samples to consider and compare term and whole life rates from Sagicor.

Sagicor Sample Rates Term and Whole (LIFE)
Policy TypeMale, 30, $100,000Female, 30, $100,000Male, 30, $250,000Female, 30, $250,000
10-Year Term$8.69$7.79$14.91$12.64
20-Year Term$9.65$8.72$21.98$18.08
Whole Life, No-Exam$88$80$212$192
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Sagicor’s Programs

Sagicor doesn’t have a lot of resources but offers a blog on its website that covers a variety of topics. These include life insurance basics and financial planning strategies.

There is also a Life Insurance 101 section on the Sagicor Now site (where online applications are processed). A life insurance calculator is provided to help determine coverage needs.

Sagicor has a straightforward approach to life insurance, and that is clear on the company website. Information is easy to locate and in clear terms. They don’t overwhelm the visitor with details but do have enough resources to make buying insurance easy.

Love Notes is a program that Sagicor offers to its policyholders that is designed to make the policy a little more personal. It’s free and allows you to leave a personal note to your beneficiaries that will be given to them when they file a claim for the policy.

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Canceling Your Policy

Canceling a life insurance policy should be approached with caution. Once canceled, you won’t be able to reinstate the policy and will have to re-apply. This will likely result in a higher rate.

Only the policy owner can cancel the policy. No one else can cancel for you unless you have given them the legal right (Power of Attorney or other legal representation) to handle.

How to Cancel

Canceling a Sagicor policy has to be done in writing. To cancel, follow these steps:

  • Download the cancellation form from the company website or request a copy mailed to you.
  • Be sure to read the form carefully. As is noted right in the document, canceling a policy can have tax consequences, so it’s important to know before you cancel.
  • When completed, the form can be sent into Sagicor by mail at 4343 N. Scottsdale Road, Suite 300 Scottsdale, Arizona 85251. Alternately, it can be sent in via fax at 480-425‐5139.
  • If you are expecting a refund or surrender of cash value, be sure to indicate how you wish to be paid. You have the option to request a direct deposit on the form.

Sagicor will notify you when the request for cancellation has been processed. There is no indication as to how long the company takes to process a cancellation.

How to Make a Claim

Making a claim on a life insurance policy is never a pleasant experience. Sagicor offers several ways to file a claim, but currently online isn’t one of them.

Claims can be reported in all of the following ways:

  • Phone at 1-888-724-4267 Option 2 (Claims), then Option 1 (Report a New Death)
  • Email at [email protected]
  • Fax at 480-425-5128
  • Mail to: Sagicor Life Insurance Company
    Attn: Claims Department
    4343 N. Scottsdale Road, Suite 300
    Scottsdale, AZ 85251

Sagicor will send out a claims packet within three business days to be filled out and returned.

Life insurance claims must be filed by the beneficiary and require a signed statement and copy of the death certificate. Sacigor requires an original copy of the death certificate, so that will have to be sent in by mail.

As long as the claim is non-contestable, Sagicor will process the claim within seven business days.

How to Get a Quote Online

Sagicor offers online quoting for term and whole life policies. Clicking on “Get a Quote” will take you to the Sagicor Now page, where you can quote and buy no-exam life.

#1 – Enter Some Basic Information

Sagicor Online Quote

You don’t need to enter any contact information to get a quote for these policies. Just answer a few basic questions.

#2 – Adjust Coverage Amount & Choose a Policy

You’ll then be taken to a screen where you can use a toggle bar to see rates for a variety of coverage amounts. The quotes shown are for 10-, 15-, and 20-year term policies, as well as whole life.

Sagicor Life Quote

#3 – Apply for Coverage

From here, you can move into the application process for Sagicor’s no-exam policies.

If you are looking for quotes on universal life or are interested in a fully underwritten policy, you will need to contact Sagicor. Online quoting for whole life is only available up to $250,000 in coverage.

To continue with the online application, you will need:

  • Your driver’s license and social security number
  • Your doctor’s name and contact information
  • Your beneficiary’s name and contact information
  • Information on any life insurance policies you already have

Sagicor application

You’ll need to confirm all the information you entered on the quote page is correct to move on, and at this stage, you will need to provide contact information.

From here, follow the steps and answer all questions honestly. If you do qualify, Sagicor will issue the policy in a matter of minutes. There may be further questions or tests required if the initial application runs into any matters for concern.

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Design of Website/App

We have already noted that Sagicor’s website is straightforward and without complex bells and whistles. The design is much the same. Easy drop-down menus take you directly where you want to go. Product information is front and center.

Sagicor doesn’t appear to have an app available at this time, which isn’t surprising since they are a small company (at least in the U.S.). There is a client portal on the website that allows customers to access and manage policies online.

Overall, Sagicor’s site is well designed and, in spite of the operations in 22 countries, makes it easy to zero in on the products and services offered in the U.S.

Sagicor main page

Pros & Cons

As with any company, there are both pros and cons to choosing Sagicor as your life insurance company. Here’s a breakdown of the big ones.

High-value no-exam term life availableSmaller company with less brand recognition
Instant approval and coverage availableNo terms longer than 20 years
Strong financial rating from A.M. BestNot rated by Moody's or S&P
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Sagicor FAQs

Do you still have questions? Here are the answers to a few common ones, and you can check out Sagicor’s own FAQs, too.

#1 – Are Sagicor policies available nationwide?

Sagicor writes life insurance in 45 states as well as D.C., so odds are good they can help you. Policy offerings do differ from state to state, however, so you will need to find out what’s offered in your area.

#2 – Can I take out multiple policies with Sagicor?

Yes. You can take out more than one policy as long as the face values of the policies all add up to an amount for which you can show financial need. You can take out more than one term policy or a combination of term and permanent.

#3 – Does Sagicor write group life?

No. Sagicor writes only individual life insurance in the United States at this time. You can take out a Sagicor policy in addition to any group life you may have.

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