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: Feb 20, 2021

Advertiser Disclosure

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Company Details
Address: 8660 E. Hartford Drive, Suite 200
City: Scottsdale
State: Arizona
ZIP Code: 85255
Phone Number: 480-425-5100
Year Founded: 1954
AM Best Rating: A-
Company Rating 0 (0 reviews)

The Sagicor Life Insurance Company is one of the hidden gems you may not have noticed because it’s not in the top ten best life insurance companies in the United States.

Fortunately, our Sagicor Life Insurance review explains everything you need to know about Sagicor life insurance products, rates, third-party ratings, and much more.

Why stop at Sagicor Life Insurance Company? Compare life insurance quotes of multiple companies by entering your ZIP code in the free comparison tool above.

What products does Sagicor Life Insurance company offer?

We briefly talked about how Sagicor provides annuities, life, and long-term health insurance but didn’t go into detail. This section will go through the specific insurance products at Sagicor. Therefore, you should examine each insurance product before you buy Sagicor life insurance.

Here’s a list of Sagicor life insurance policies and other products.

  • WealthCare Indexed Single Premium Universal Life
  • Sage Whole Life
  • Sage Indexed Universal Life
  • Sage Term Life Insurance
  • Single-Premium Immediate Annuity
  • Milestone MYGA Single Premium Deferred Fixed Annuity
  • Sage Choice Single Premium Deferred Annuity

Universal life and whole life insurance are permanent life insurance policies that last your entire life. However, universal life insurance has investment options.

Term life insurance policies last for a specific period. At Sagicor Life Insurance Company, you can get a term life insurance policy up to 20 years.

Some Sagicor term life policies will allow you to get life insurance without a medical exam.

Customize your term life insurance with riders. Riders are perks you can add to your term life policy. Sagicor has three, which are Accidental Death Benefit, Child’s Term, and Waiver of Premium.

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How much are Sagicor life insurance rates?

Sagicor life insurance quotes are determined by age, health, and coverage limits (or death benefits). Life insurance companies often summarize your health by looking at whether you’re a smoker or not. Let’s look at the Sagicor life insurance rates for non-smokers.

Monthly Sagicor Term Life Insurance Rates by Age and Death Benefits (Non-Smokers)
Non-Smokers' AgesAverage Monthly Term Life Insurance Rates for 10-Year/$100K Death BenefitAverage Monthly Term Life Insurance Rates for 10-Year/$250K Death BenefitAverage Monthly Term Life Insurance Rates for 10-Year/$500K Death BenefitAverage Monthly Term Life Insurance Rates for 20-Year/$100K Death BenefitAverage Monthly Term Life Insurance Rates for 20-Year/$250K Death BenefitAverage Monthly Term Life Insurance Rates for 20-Year/$500K Death Benefit
25$8$10$14$9$13$19
30$8$10$14$9$13$20
35$8$10$14$9$13$21
40$10$12$17$10$16$26
45$13$17$27$14$26$45
50$18$34$61$23$42$78
55$26$47$88$37$74$141
60$34$69$132$62$136$266
65$55$118$229$96$226$445
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The older you get, the more you’ll pay for life insurance. Also, higher death benefits can increase your rates. Compared to smokers, non-smokers pay the least for life insurance.

Speaking of which, let’s look at the cost of Sagicor life insurance for smokers.

Monthly Sagicor Term Life Insurance Rates by Age and Death Benefits (Smokers)
Smokers' AgesAverage Monthly Term Life Insurance Rates for 10-Year/$100K Death BenefitAverage Monthly Term Life Insurance Rates for 10-Year/$250K Death BenefitAverage Monthly Term Life Insurance Rates for 10-Year/$500K Death BenefitAverage Monthly Term Life Insurance Rates for 20-Year/$100K Death BenefitAverage Monthly Term Life Insurance Rates for 20-Year/$250K Death BenefitAverage Monthly Term Life Insurance Rates for 20-Year/$500K Death Benefit
25$18$31$55$23$47$87
30$19$33$59$23$48$90
35$21$36$66$31$64$123
40$26$51$95$44$95$183
45$40$83$160$66$149$292
50$54$114$222$108$245$483
55$81$176$347$151$355$704
60$115$269$532N/AN/AN/A
65$211$445$885N/AN/AN/A
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Smokers pay ten dollars or more for life insurance. The $500,000 death benefit generates the most expensive life insurance rates. If it’s too expensive, consider buying permanent life insurance. There is a way to get more affordable Sagicor life insurance.

Does Sagicor Life Insurance have good ratings?

Ratings can make or break an insurance company. However, some companies have a way of defying the grades posted all over the internet. So, where does Sagicor stand?

According to AM Best, Sagicor has a financial strength rating of A-. What does that mean? It means Sagicor has an excellent ability to meet ongoing insurance obligations.

Under the Better Business Bureau (BBB), Sagicor has an A+. According to the BBB, Customers typically rank Sagicor one out of five stars.

What is Sagicor Life Insurance Company’s history?

Sagicor, an Arizona-based insurance company, was founded in 1954. However, Sagicor Financial Company Ltd was established in 1840. Back then, it was known as the Barbados Mutual Life Assurance Society.

Although Sagicor started in the Caribbean, it provides life insurance in 45 states. However, you won’t find Sagicor life insurance in Alaska, Connecticut, Maine, New York, or Vermont.

Sagicor Life Insurance Company Contact Information
Sagicor Contact SummarySagicor Contact Information
Address8660 E. Hartford, Suite 200 Scottsdale, AZ 85255
Email[email protected]
Phone Number1-888-724-4267 ext. 4610
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One of Sagicor’s life insurance advantages is cheap no-medical-exam life insurance rates for term life and whole life insurance. However, you may have a hard time getting an affordable Sagicor life insurance quote if you have conditions like sleep apnea, diabetes, or asthma.

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Sagicor Life Insurance: The Bottom Line

Overall, Sagicor appears to be a reliable life insurance company due to its history and third-party ratings. It’s not as big as some of the best life insurance companies out there, but it managed to earn $452 million in 2020.

Now that you’ve had a look at our Sagicor life insurance review, enter your ZIP code in our free quote tool to get quotes from multiple companies in your local area.