Sagicor Life Insurance Review 2021

Written By Licensed Agent Sa ElFebruary 15, 2023

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Our Verdict


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


  • Available in 45 states
  • No medical exam options
  • Competitive premium prices
  • High benefit amounts


  • Online portal can be difficult to navigate.
  • Not great for pre-existing conditions.

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.

sagicor life insurance

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. 


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. 


Life insurance by state.

With a Life Insurance policy you can take care of your family the right way.

Should anything happen to you, you'll want to leave your loved ones a financial nest egg for their wellbeing. Click on your state to find out more.

AlabamaALAlaskaAKArizonaAZArkansasARCaliforniaCAColoradoCOConnecticutDelawareFloridaFLGeorgiaGAIdahoIDIllinoisILIndianaINIowaIAKansasKSKentuckyKYLouisianaLAMaineMEMarylandMassachusettsMichiganMIMinnesotaMNMississippiMSMissouriMOMontanaMTNebraskaNENevadaNVNew HampshireNew JerseyNew MexicoNMNew YorkNYNorth CarolinaNCNorth DakotaNDOhioOHOklahomaOKOregonORPennsylvaniaPARhode IslandSouth CarolinaSCSouth DakotaSDTennesseeTNTexasTXUtahUTVermontVirginiaVAWAWest VirginiaWVWisconsinWIWyomingWYVermontVTNew HampshireNHMassachusettsMAConnecticutCTNew JerseyNJMarylandMDHawaiiHIRhode IslandRIDelawareDE

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:

  • Coverage Never Expires: Your coverage will be in place for the rest of your life as long as you pay your premium every month. 
  • Access to Cash Value: Sagicor allows you to borrow against the accrued cash value, giving you a way to access your money if an emergency arises while you’re still alive. 
  • Additional Riders: Sagicor offers a variety of optional riders, allowing you to customize your coverage. These riders include an accidental death benefit, a children’s term policy, and a waiver of premiums if you become totally disabled. 

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:

  • Guaranteed premiums for the entire term
  • An option to upgrade to a permanent life insurance policy
  • Optional riders, such as Accelerated Benefit, Accidental Death Benefit, Children’s Term, and Waiver of Premium

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:

  • Access to the cash value of your policy
  • Guaranteed premiums
  • Policy never expires
  • 30-day trial period with a full refund guarantee

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.


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. 

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