Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 21, 2021

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The Facts of Life

  • The AIG vs. Sagicor life insurance rates favor AIG for smokers and nonsmokers
  • AIG’s financial strength ratings are superior when compared to Sagicor’s
  • Sagicor may offer a better customer service experience than AIG

Comparing companies like AIG vs. Sagicor could help you to find the best term life insurance rates. AIG is an insurance powerhouse while Sagicor emphasizes various investment services, including life insurance.

Sometimes, lesser-known companies like Sagicor can be suitable alternatives to larger companies like AIG. We’ll help you compare the AIG vs. Sagicor life insurance rates, ratings, reviews, and policy options.

Before you learn more about AIG vs. Sagicor, take advantage of our free quote tool above to get personalized rates from some of the best life insurance companies near you.

AIG vs. Sagicor: Which is the better life insurance provider?

Founded in 1919, AIG has a long-standing history of providing reliable insurance products. AIG offers a wide variety of products such as travel insurance, auto insurance, and more.

Despite a smaller public image, Sagicor was actually established 60 years before AIG, derived from Sagicor Group Jamaica in the 1840s.

Each company offers common life insurance policies which are highlighted below.

Term life insurance is the most popular life insurance option. However, for those looking for a greater investment, whole and universal life insurance are strong options that build cash value over time.

Both companies also offer optional life insurance riders that make policies more flexible if you experience major life changes, such as those listed below.

  • Waiver of premium
  • Accidental death benefit
  • Child
  • Accelerated death benefit

If you choose to customize your term life insurance policy with riders, you could have access to your death benefit earlier, skip payments, or have added protection for your beneficiaries under certain circumstances.

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AIG vs. Sagicor: Which has cheaper term life insurance rates?

Life insurance might feel like an undesirable expense since you, the policyholder, won’t directly see the benefit of your policy. For that reason, many people simply want the best rates.

Term life insurance will yield the most affordable AIG or Sagicor life insurance quotes when compared to whole and universal life insurance. For that reason, we’ll compare AIG and Sagicor term life insurance rates.

AIG vs. Sagicor Life Insurance Rates by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (AIG)10-Year Term (Sagicor)20-Year Term (AIG)20-Year Term (Sagicor)
25 - Female$9.57$9.45$11.33$11.79
25 - Male$10.34$10.39$12.90$13.54
35 - Female$11.08$9.68$12.69$12.65
35 - Male$11.67$10.70$13.53$14.29
45 - Female$16.46$15.98$23.06$22.96
45 - Male$17.95$17.53$28.28$28.34
55 - Female$31.68$40.49$52.58$65.75
55 - Male$41.68$54.09$69.89$81.29
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When comparing the life insurance rates for healthy adults, AIG and Sagicor have nearly identical rates for young or middle-aged adults. For those 55 and older, AIG appears the be the cheaper option.

Age is one factor that influences life insurance rates. Other factors that could increase your rates are jobs, health status, and smoking.

AIG vs. Sagicor Life Insurance Rates for Male Smokers vs. Non-Smokers by Age and Policy Length for $100,000
Age and Smoking Status10-Year (AIG)10-Year (Sagicor)20-Year (AIG)20-Year (Sagicor)
35 - Non-Smokers$10.64$8.90$11.17$9.83
35 - Smoker$23.26$22.83$29.60$33.63
45 - Non-Smokers$14.86$13.49$17.59$15.72
45 - Smoker$47.70$44.40$57.11$74.96
55 - Non-Smokers$26.62$29.06$37.26$43.46
55 - Smoker$82.46$92.81$126.80$172.84
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Based on the available rates, AIG is still consistently more affordable for smokers when compared to Sagicor. The rates are comparable between the two for 10-year terms, but only for those under the age of 55.

AIG vs. Sagicor: Which has better ratings and reviews?

With some companies, cheap rates come at an expense of poor financial stability or customer service. That’s why it’s important to review each company’s financial strength ratings and reviews.

AIG vs. Sagicor Financial Strength Ratings and Customer Reviews
Ratings AgencyAIG RatingSagicor Rating
A.M. BestAA-
Better Business Bureau (BBB)FA+
Fitch's RatingsA+BB
J.D. Power742N/A
Standard & Poor's (S&P)A+BB+
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Since Sagicor is a less notable company, there are some limitations on the ratings that are available. It is clear, however, that AIG is more financially adept based on ratings from Standard & Poor (S&P).

The A.M. Best ratings for AIG and Sagicor are similar, though AIG still ranks superior to the latter. When it comes to customer service ratings, Sagicor may be the preferred choice, according to the Better Business Bureau (BBB).

AIG has earned a paltry rating from the BBB, which is concerning. This means that you may experience some trouble if you have a complaint that needs to be resolved with the company.

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Oftentimes, complaints come from beneficiaries who have trouble submitting claims. With AIG, beneficiaries can submit a form online or to the AIG insurance claims address found on the company website.

Nowadays, most policyholders want online access to policy forms, details, and so on. Sagicor also includes online features like the Sagicor life insurance online application. Convenience is key.

AIG vs. Sagicor: What are the pros and cons?

The AIG and Sagicor life insurance company features are notably different from one another. We’ll highlight the good and the bad of each company below.


  • Strong financial strength ratings (AIG)
  • Cheap term life insurance (AIG)
  • Ample policy options (both companies – edge to AIG)
  • Good BBB rating (Sagicor)


  • No life insurance discounts (both companies)
  • Customer service concerns (AIG)
  • Higher rates for older adults (Sagicor)

If you’re going to buy AIG or Sagicor life insurance, you’ll want to consider how important customer service is to you. AIG’s only flaw in comparison to Sagicor is subpar customer service ratings.

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AIG vs. Sagicor: The Bottom Line

Comparing life insurance companies is an important step to finding a reliable provider with a reasonable rate. In this case, the smaller company doesn’t appear to be a worthy competitor.

By now, you should have more confidence choosing between AIG vs. Sagicor. Don’t forget to shop for rates from local insurers near you by entering your ZIP code below.