Sagicor Life Insurance Company
Sagicor Life Insurance Company | Sagicor Life USA / Welcome To Sagicor
Sagicor Life Insurance Company is a full-service life insurance company with 60 years of experience providing quality and value to our policyholders. We offer a wide range of life and annuity products to address the needs of our communities at every stage of life. Our life products include term and universal life options. Our annuities range from immediate options to those that address long term needs.
We operate in 45 states and the District of Columbia and our products are provided through approximately 6,500 independent and career producers. Sagicor 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 and has total assets of approximately $1.2 billion. We are currently ranked as one of the top 140 largest life insurance companies in the United States (by total assets)*. In addition to its financial strength, Sagicor is known for innovative products and systems. We are continually looking for ways to create the future.
Sagicor Life Insurance Company is proud to have joined the Sagicor Financial Corporation family in 2005. Founded in 1840, Sagicor Financial is one of the oldest insurance groups in the Americas, with operations in 21 countries, mainly in the United States, Central America and the Caribbean. Sagicor Financial has approximately $5.5 billion in assets and has been a leader in its communities for over 170 years.
Sagicor Life Insurance Company | Sagicor Life USA / Life Insurance
THE ROLE OF INSURANCE IN YOUR FINANCIAL WELL-BEING
Insurance is the process of protecting against the economic impact of loss. The goal of insurance is to give you the financial peace of mind for today, and for the future
LIFE INSURANCE provides protection against the loss of income that results from the death of a wage earner. It can also be used to build savings for retirement. You should consider life insurance if you support a family or spouse, have a mortgage or plan to send your children to college.
THE BASICS OF LIFE INSURANCE
KNOWING WHAT QUESTIONS TO ASK
Do I need life insurance?
If you have financial obligations including a mortgage, children’s education or household support that would be imperiled in the event of your death, then you should consider life insurance.
How does it work?
Most life insurance works on the same premise – you make payments or “premiums” to an insurance company that guarantees to pay your chosen beneficiary a sum of money upon your death.
What does it cost?
The cost depends on the amount and type of insurance you purchase as well as your life expectancy. There are insurance products to suit just about any budget.
What are the different types?
There are three major types of Life Insurance that Sagicor offers
TERM insurance is often the least expensive. You buy it for a specified term and usually have the option to renew, probably at a higher premium. If you die during the term, your beneficiaries are paid the amount of the policy. If you are alive when the term ends there is no payout.
WHOLE LIFE insurance combines a death benefit with a savings plan. Part of the premium you pay goes towards building cash value. Premiums are fixed and once they are paid the policy will remain in force for your entire lifetime. In the event of death, your beneficiaries are paid the amount of the policy.
UNIVERSAL LIFE is a variation of whole life insurance and offers flexibility in the amount of coverage, rate of savings accumulation and the payment of premiums.
How much insurance do I need?
Every household has unique insurance needs and your Sagicor Producer can help determine your exact requirements.
HOW YOUR SAGICOR PRODUCER CAN HELP
Your Sagicor Producer can work with you to ensure that your Life Insurance needs are being met. The first priority is to answer your questions and help build your understanding of the various types of Life Insurance. The next step is a detailed analysis of your household finances and matching coverage to your unique situation. Call 1-888-SAGICOR1-888-SAGICOR FREE now, to get started.