Sagicor Life Insurance Review

September 16, 2020
Jonathan Fritz
B.A. Risk Management
Life Insurance Agent

Who exactly is Sagicor? Sagicor Life Insurance Company (Sagicor) is a full-service life insurance company that is licensed in 45 states, plus the District of Columbia. Sagicor has a history of trustworthiness since 1954, is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings). This rating is based on Sagicor’s financial strength and ability to meet its ongoing obligations.

Sagicor is in the business of helping our families, friends and neighbors protect their loved ones by providing expert advice, quality life and annuity products, and excellent customer service. We are known for our innovative products and systems and are continually looking for ways to create the future. Sagicor Life Insurance Company is proud to have joined the Sagicor Financial Corporation (SFC) family in 2005. SFC is one of the oldest insurance groups in the Americas — founded in 1840 — and it operates in 22 countries. Sagicor Financial has approximately $7 billion in assets and has been a leader in its communities for over 175 years.

Perhaps you’ve been offered a Sagicor life insurance plan and wonder if it’s too good to be true? Rest assured you are in the right place for advice, with over 1000+ positive reviews on ShopperApproved. Below is our in depth Sagicor life insurance review.

Is There a Catch with Sagicor Life Insurance?

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Term, Whole, Universal

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Just because you haven’t seen a recent TV commercial or Billboard Ad from Sagicor, does not mean you shouldn’t put your trust in them. Many stable, tried and true insurance companies choose not to spend marketing dollars on such advertisements.

Click here to get an instant quote and apply online with Sagicor

5 Factors That Make Sagicor Life A Strong Company

  1. Sagicor is a reputable company that has 175 years of history.
  2. Sagicor Life USA has corporate offices in AZ, FL and OK.
  3. The company’s total assets are more than $7 billion.
  4. Sagicor is a publicly traded company with 37,000 shareholders.
  5. They have a policyholder base of approximately 600,000.

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I hope these 6 points above help ease your mind about Sagicor’s life insurance product. Now, let’s review how this plan works and what consumers are asking.

Compare Sagicor Life Insurance to Other Companies

  • AM Best
  • Better Business Bureau
  • J.D. Power
  • Moody's
  • FitchRatings
  • Standard & Poor's
  • Comdex
  • AM Best
  • Better Business Bureau
  • J.D. Power
  • Moody's
  • FitchRatings
  • Standard & Poor's
  • Comdex

Video Overview

How Much Coverage Can I Get Without an Exam?

As of March 10th, 2018 Sagicor will offer up to $1,000,000 in coverage without requiring a medical exam. You can purchase above this amount with Sagicor, but a paramedical exam will be required. However, while Sagicor does offer up to $1,000,000 of coverage, it will depend on your age. For example,

  • Ages 18-45 can get up to $1,000,000 of coverage without an exam.
  • Ages 46-55 can get up to $750,000 of coverage without an exam.
  • Ages 56-65 can get up to $500,000 of coverage without an exam.

What is the age limit for a term policy from Sagicor?

You need to be between the ages of 18-65 to qualify for their Sage term product. If you are over the age of 65, you may be able to get coverage if you are applying for under $50,000.

What if I have health issues?

Most mild health conditions are accepted by Sagicor life insurance. This policy is best for people who haven’t seen a doctor in a few years, have controlled high blood pressure, mild anxiety and can maintain employment with their health condition. Sagicor is often a popular choice for no exam life insurance for diabetics.

These are just a few examples. To speak with a licensed agent, please call us at 888-407-0714.

Is Sagicor’s life insurance expensive?

In general, this type of life insurance is priced slightly higher than if you go through an exam. Sagicor life insurance has the most competitive prices if you are between the ages of 50-65.

Sample Sagicor Life Insurance Rates

30yr Old Male

Coverage AmountTerm LengthMonthly Premium
$250,00020 Year Term$16.59 per month
$500,00020 Year Term$26.87 per month

30yr Old Female

Coverage AmountTerm LengthMonthly Premium
$250,00020 Year Term$14.40 per month
$500,00020 Year Term$22.49 per month

50yr Old Male

Coverage AmountTerm LengthMonthly Premium
$250,00020 Year Term$56.67 per month
$500,00020 Year Term$107.95 per month

50yr Old Female

Coverage AmountTerm LengthMonthly Premium
$250,00020 Year Term$48.31 per month
$500,00020 Year Term$90.32 per month

Disclaimer: The above rates are non-tobacco, preferred rate class prices. Actual rates may vary based each person’s health profile. Coverage amount and term lengths can be adjusted to suit your budget. Please visit for your quote. You can also see more rates on our sample life insurance rates page.

How can I Apply? has the Sagicor life insurance application available online. Simply click here to get a quote, select a policy, and apply online.

Is the Sagicor life insurance plan whole life or term?

Sagicor offers a variety of life insurance plans. Their term plans are available in 10, 15 and 20 years. You can also purchase permanent plans commonly known as lifetime coverage.

How quick can I get coverage?

For many clients, Sagicor approves coverage in less than 5 days. There is no need to wait for medical records from your doctor’s office. In some cases, you can have an instant approval!

If you are busy and have no time to hassle with with a traditional term policy then Sagicor is a competitive option for you to secure life insurance.

Is there a waiting period?

The Sagicor life insurance plan is a standard, level term plan. Once you have your approval from the company and have your payment applied, you are insured.

Sagicor Life Insurance Review Summary

There’s no doubt researching life insurance can be an overwhelming task. For most people, it is a brand new experience. Often followed by a series of confusing options and too many phone calls.

Securing the proper protection for your loved ones is vital, and you don’t want to mess it up! Let alone end up paying for a plan that doesn’t keep its promise.

Sagicor has been a leader in the life insurance industry offering innovative, convenient processes for consumers. We are a top partner with Sagicor. Together we’re on a mission to assist people like yourself to get life insurance fast with no hassle. I hope you found our Sagicor life insurance review helpful.

Click here to find out just how little life insurance will cost for you.