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Banner vs Sagicor Life Insurance

Banner and Sagicor are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Banner and Sagicor. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both Banner and Sagicor.
  • 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.

Compare Other Options

1st place trophy
1st

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCE Banner Sagicor
JD Power N/A N/A
BBB A+ A+
AM Best A+ A-
Moody's N/A N/A
Fitch AA- N/A
Standard & Poor AA- N/A
Comdex Score 94 N/A
SOURCE Banner Sagicor
Total Assets $7.3 Billion $6.8 billion
Life Insurance in Force $658 Billion $238.695 billion
Banner Sagicor
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)
Banner Sagicor
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)
Banner Sagicor
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
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.