Banner vs Sagicor Life Insurance

  • YEAR FOUNDED
    1949
  • CURRENT CEO
    Bernard Leigh Hickman
  • AVAILABLE
    All 50 States
  • ADDRESS
    3275 Bennett Creek Avenue Frederick, MD 21704 United States
  • TOP AWARDS

    "Best Term Assurance Provider"" at the Investment Life & Pensions Moneyfacts Awards 2017

    Communitas Award for Commitment to Corporate Social Responsibility

  • PROS
    • Flexibility of payment options and term limits for each option on the policy
    • Fast-track claims
    • Electronic application
  • CONS
    • Medical exam required.
    • Strict eligibility for preferred rates.
    • Options are very limited in scope
  • YEAR FOUNDED
    1954
  • CURRENT CEO
    Richard Owen Byles
  • AVAILABLE
    45 States
  • ADDRESS
    4343 North Scottsdale Road Suite 300 Scottsdale, AZ 85251
  • TOP AWARDS

    2016 Celent Model Insurer Winner (Digital and OmniChannel Technologies)

  • PROS
    • Easy to use application platform.
    • You can purchase life insurance in about 30 minutes without talking to an agent.
    • Provides high-value 10 / 15 / 20 year term life insurance & whole life insurance.
  • CONS
    • Not eligible if you are age 65 or older.
    • A medical exam may still be required.
    • 30 year term life insurance and guaranteed universal life are NOT available.
SOURCEBannerSagicor
JD PowerN/AN/A
BBBA+A+
AM BestA+A-
Moody'sN/AN/A
FitchAA-N/A
Standard & PoorAA-N/A
Comdex Score94N/A
SOURCEBannerSagicor
Total Assets $7.3 Billion$6.8 billion
Life Insurance in Force$658 Billion$238.695 billion
BannerSagicor
Term life insurance Sage Term Life Insurance
Universal life insuranceSage No Lapse Universal Life (NLUL)
Sagicor’s Fixed Indexed Universal Life (FIUL)
Fixed Indexed Single Premium Whole Life (FISPWL)
Sage Whole Life (SWL)
Interest Sensitive Single Premium Whole Life (ISSPWL)
BannerSagicor
APPcelerateSage Term Life Insurance
OPTerm Life InsuranceSage No Lapse Universal Life (NLUL)
Sagicor’s Fixed Indexed Universal Life (FIUL)
Fixed Indexed Single Premium Whole Life (FISPWL)
Sage Whole Life (SWL)
Interest Sensitive Single Premium Whole Life (ISSPWL)
BannerSagicor
Disability premium waiverAccelerated Benefit Insurance Rider
Conversion to permanentChildren’s Term Rider
Flexible payment scheduleAccidental Death Benefit Rider
Accelerated benefit riderWaiver of Premium Rider
Term laddering rider
Child Protection Rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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