Sagicor vs State Farm Life Insurance

  • 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.
  • YEAR FOUNDED
    1922
  • CURRENT CEO
    Michael L. Tipsord
  • AVAILABLE
    48 States
  • ADDRESS
    East P.O. Box 588002 North Metro, GA 30029
  • TOP AWARDS

    N/A

  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies
SOURCESagicorState Farm
JD PowerN/A5/5
BBBA+A-
AM BestA-A++
Moody'sN/AAa1
FitchN/AN/A
Standard & PoorN/AAA
Comdex ScoreN/A98
SOURCESagicorState Farm
Total Assets$6.8 billion$160.732 billion
Life Insurance in Force$238.695 billion$901.7 billion
SagicorState Farm
Permanent Life InsuranceSelect Term 10, 20, 30
Term Life InsuranceReturn of Premium 20, 30
Mortgage Life 15, 30
Whole Life
Limited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
SagicorState Farm
Sage Term Life InsuranceSelect Term 10, 20, 30
Sage No Lapse Universal Life (NLUL)Return of Premium 20, 30
Sagicor’s Fixed Indexed Universal Life (FIUL) Mortgage Life 15, 30
Fixed Indexed Single Premium Whole Life (FISPWL)Whole Life
Sage Whole Life (SWL)Limited Pay 10, 15, 20
Interest Sensitive Single Premium Whole Life (ISSPWL)Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
SagicorState Farm
Accelerated Benefit Insurance RiderN/A
Children’s Term Rider
Accidental Death Benefit Rider
Waiver of Premium Rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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