Our Verdict
4.7
Sagicor is one of the best options for anyone looking to purchase permanent, term, or a final expense life insurance policy.
With so many plans available, they have an option available for every need. So we’ve put together this Sagicor Life Insurance Review to help you out.
We’ll take a closer look at each option so you can get a better understanding of exactly what Sagicor has to offer
Pros
Cons
Who Is Sagicor?
Founded in 1954, Sagicor is one of the most trusted and respected insurance companies in the business.
Sagicor is rated A- (Excellent) by the A.M. Best Company, highlighting their financial strength and ability to protect their policyholders over the long term.
Financial strength is an important factor to keep in mind when selecting an insurance company. You want to know that they have the financial stability to pay claims.
The Arizona Better Business Bureau has also given Sagicor an A+ rating.
As a global company, they provide services in 22 countries, including the United States, Canada, the Caribbean, and countries in Latin America.
This breadth means that they truly have experience working with all types of people from all walks of life.
THE SIMPLY INSURANCE WAY
Life Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. But, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.
Coverage in minutes.
You can get life insurance coverage within minutes of getting your quotes and applying.
What Makes Sagicor Different?
Sagicor life insurance is ideal for people who want a comprehensive life insurance policy without undergoing a medical exam.
You may be able to get up to $250,000 in a whole life policy with no medical exam, which is significantly more than the competition offers under the same circumstances.
The premiums for coverage without a medical exam are also far more competitive than the industry standard.
However, they’re still higher than they would be if you were willing to undergo an exam.
The application process is simple and fast, with most applicants receiving a decision within two business days.
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Features & Benefits
Sagicor offers a full range of life insurance solutions, each with its own features and benefits.
Let’s take a closer look.
Permanent Life Insurance
Sagicor offers four different permanent life insurance policies: Sage No Lapse Universal Life, Sage Indexed Universal Life, WealthCare Indexed Single Premium Universal Life, and Sage Whole Life.
While the details of these policies vary, you’ll find they each have the following benefits in common:
Term Life Insurance
Unlike permanent life insurance, which offers coverage for the rest of your life, term policies offer coverage for a specified amount of time.
With Sagicor, you can purchase Sage Term Life Insurance for terms of 10, 15, or 20 years.
Benefits of a Sage Term Life Insurance policy include:
Peace Assured Final Expense Whole Life Insurance
Sagicor’s Peace Assured option is a burial insurance policy intended to cover your final expenses, pay off any debts you leave behind, as well as pay off any outstanding medical bills.
You won’t need to undergo a medical exam during the application.
However, you will need to answer a few health questions about your status as a smoker and any major medical events.
Unlike some final expense policies, Sagicor doesn’t restrict the use of the funds are after you pass.
Peace Assured policies include:
Product Availability
Life insurance is available in 45 states, as well as Washington D.C. They don’t offer policies to residents of Alaska, Connecticut, Maine, New York, or Vermont.
There are a few factors that may limit your availability to secure coverage.
People unable to perform the activities of daily living, currently hospitalized or in a nursing home, or recently experienced a major medical event like a heart attack or stroke may find their options more limited.
THE SIMPLY INSURANCE WAY
Life Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. But, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.
Coverage in minutes.
You can get life insurance coverage within minutes of getting your quotes and applying.
Claims Process & Guarantee
Sagicor makes it easy to file a death claim, with options to call, email, fax, or mail the required information.
To file a claim, the claimant must provide the original death certificate and a claimant statement completed by all beneficiaries.
Sagicor may request additional documentation if the proceeds are payable to a trust or to your estate.
Mailing the original death certificate is required, but faxing is allowed for other paperwork.
Unless Sagicor needs additional time to review information, the company will process the claim within seven business days after all required materials are received.
Taking Action
If you’re in search of a life insurance policy that doesn’t require a medical exam for approval, Sagicor is a company worth exploring.
Their excellent financial ratings and solid reputation make them an industry leader, so you know you’ll be working with a provider you can trust.
Their full range of policy options means you can find a policy that fits your current needs while having the ability to adjust to a different plan in the future.
Plus, the optional riders allow you to get customized coverage at a competitive price.
If you need life insurance, you can get immediate quotes and coverage by clicking here or on any of the above buttons.