Sagicor Life Insurance Company

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With quick approval, competitive rates, and extensive no exam coverage, Sagicor stands a head above the rest in the non-med arena, with an all-around great lineup of policies.

A.M. Best




J.D. Power


The Good

  • Financial security
  • Best non-med policies
  • Competitive prices
  • Online application
  • Variety of policies

The Bad

  • Term policies max out at 20 years

Product Availability

Policy Types
  • Term
  • Universal
  • Indexed
  • Whole
  • Accelerated death benefit
  • Accidental death benefit
  • Children’s term
  • Waiver of premium

Review Breakdown





Financial Strength


User Experience


Product Availability





Comparing the cost of coverage with a handful of providers is a step in the right direction to securing the best rates on life insurance.

Life insurance premiums are decided by several factors, including:

  • Type of policy
  • Amount of coverage
  • Age
  • Sex
  • Health condition
  • Family health history
  • Job and hobbies

Providers use the factors above to determine the likelihood of having to pay out your policy.

The higher the risk, the higher your premiums are. However, each company uses its own scale to weigh risk factors, so you may get far lower rates with one company than another.

Sagicor is one of the most affordable life insurance companies industry-wide for applicants across the board.

The company excels at offering no-exam life insurance, with rates that are hard to beat.

While this type of coverage is more expensive than fully underwritten life insurance, applicants can expect significantly lower rates on these policies than those offered by competitors.

With the top rates going to Preferred Non-Tobacco applicants, those with health concerns could also get anywhere from a Standard policy to a Rated Non-Tobacco approval.

Sagicor’s non-med policies are far below the industry average for smokers and non-smokers alike.

Financial Strength

In addition to cost, you also need to evaluate a company based on its financial strength.

The life insurance company you choose should be one you can depend on to pay out your policy if you pass away.

You can rest assured knowing Sagicor is capable of paying out claims, exhibiting financial fortitude through its performance year in and out.

Sagicor has $8.7 billion in total assets, and a strong financial rating under its belt.

The company touts an “A-” from A.M. Best, one of the premier creditworthiness rating agencies, which means it’s in the top quartile of all companies rated by them.

Though Sagicor isn’t rated by Fitch, Moody’s, or Standard & Poor’s, its A.M. Best rating is sufficient.

Based on its current performance and future outlook, Sagicor is a solvent company you can depend on for your family’s financial future.

User Experience

Exploring your life insurance options and securing coverage doesn’t have to be complicated.

In fact, one of the major marks of a top-tier life insurance provider is providing applicants and policyholders with an excellent customer experience.

User experience encompasses everything from a company’s online tools to its quotes process and application.

We’ll take a deeper look at Sagicor’s user experience below.


Consumer-centric ratings provide an invaluable assessment of a company’s user experience, informed by careful analysis and actual customer reviews.

The J.D. Power U.S. Life Insurance Study is a key source for user experience. Unfortunately, the most recent survey does not include Sagicor in its findings.

However, the company is accredited and rated by the BBB, with an “A+” score.

This rating from the Better Business Bureau suggests Sagicor’s claim satisfaction, customer complaint resolution, and overall business practices are sound and up to standard.


Sagicor’s website provides users with a top-notch experience, providing an exceptional level of detail, helpful tools, and convenient features.

You can easily learn more about Sagicor’s background, values, community involvement, and more on the website.

The company also provides transparent reports on its financial performance, which are easy to find and understand.

As you begin to explore Sagicor’s policies, you’ll find adequate details on each product, such as age limits, policy amounts, and optional riders.

When you’re ready to shop for coverage, you can calculate your coverage needs and get instant quotes on the site, as well as apply for a policy.

Policyholders can pay their bill online and also access several forms on the website, some of which can be submitted via email.

Likewise, you can apply for coverage or manage your account on the Sagicor GO mobile app.


Perhaps the biggest advantage to Sagicor, aside form affordability, is its application process.

Depending on your health and lifestyle, you could be able to secure a significant amount of coverage without undergoing a medical exam.

While the list of companies offering no exam coverage is growing, not all of these companies allow you to apply completely online.

With Sagicor’s Accelewriting®, you can follow up the quotes process with a quick application and have coverage in place nearly instantly.

Applicants who don’t qualify for non-med coverage, or those who simply wish to undergo traditional underwriting with a medical exam can still secure coverage.

Note that those who choose a medically underwritten policy can get higher amounts of coverage than those who opt to skip the exam.

Regardless of the route you choose, Sagicor’s application process is among the best.

Product Availability

Sagicor prides itself on attempting to be one step ahead of the curve at all times, especially in its versatile product lineup.

Sagicor Life is among the best life insurance companies in the U.S. this year for no exam life insurance, as it has been year after year.

Regardless of the style of underwriting, Sagicor’s policy lineup is impressive.

We’ll take a closer look below.


Sagicor’s premier product is the Sage Term Life Insurance product.

Here are some of its main features:

  • 10, 15, or 20-year level premiums
  • Guaranteed level death benefit up to age 95
  • Convertible to permanent products
  • Available to ages 18 – 65
  • Up to $500,000 with no medical exam

This policy is quickly issued, competitively priced, and it comes with several additional advantages.

These include several riders, a full range of ratings, and even a fully underwritten product if you need more than $500,000 in benefits.

Currently, you can take advantage of the following riders:

  1. Accelerated Benefit Insurance Rider: You get access to the lower amount of $300,000 or 50% of the death benefit when you’ve been declared terminally ill.
  2. Children’s Term Rider: Basic life insurance coverage is made available to children between 15 days and 19 years old. The term coverage stays in force up to age 25, when the insured can convert their coverage to 5x the death benefit with permanent coverage and no medical exam.
  3. Accidental Death Benefit Rider: If the insured dies in an accident, this rider adds to the death benefit at a low cost.
  4. Waiver of Premium Rider: If you become disabled, the Waiver of Premium takes care of your premiums until you’re able to resume payment, and you don’t lose any benefits of your life insurance policy.


Sagicor also offers a very competitive no-lapse universal life product, the Sage NLUL.

One of the first of its kind, there is a guarantee that the policy will never lapse as long as premiums are maintained.

Sagicor’s Sage NLUL has some similarities in riders and other features when compared to the Sage Term.

Here is a quick breakdown:

  • Guaranteed level premiums for the duration chosen
  • Guaranteed level death benefit as long as the policy is in force
  • Option to accumulate cash instead of just focusing on death benefit
  • Available ages 15 days – 85 years
  • Minimum face amount of $25,000
  • No medical exam up to $400,000 with a 65-year-old limit

This choice offers the Accelerated Death Benefit Rider, the Waiver of Monthly Deductions Rider, and the Children’s Term Rider, too.


If you’d like to see a little more growth and still maintain some security on your permanent coverage, the Sage IUL could be the right fit.

Here are a few of the policy’s features:

  • Level or increasing death benefit options
  • Several index-based crediting options
  • Tax-free loans and death benefit
  • No exam option available

Sagicor also offers the Wealthcare Indexed Single Premium Universal Life policy.

This policy comes with accelerated underwriting as well and offers the benefits you would expect from a universal policy, plus the option to have your premiums returned to you if you no longer need coverage.


Though best known for the products above, Sagicor also offers whole life insurance policies.

This type of coverage comes with even more lifelong guarantees, but with a much higher price tag than term or universal life insurance.

Here are some of the key features of the Sage Whole Life option:

  • Guaranteed premiums and growth rate
  • Lifelong coverage
  • Up to $250,000 of no exam coverage
  • Policies issued from 15 days to 85 years
  • Accelerated death, accidental death, children’s term, and waiver of premium available


With a different beginning than most other life insurance companies in America, Sagicor is a part of the Sagicor Financial family which began in Barbados back in 1840, under The Barbados Mutual Life Assurance Society.

Through its first 50 years in operation, it spread through the Caribbean Islands and eventually multi-nationally, now operating in more than 20 countries globally.

The company remained a mutual company for over 160 years, before demutualizing in 2002 in an attempt to add a more competitive structure in which the company could operate and grow.

The company has since grown by acquisition, as Sagicor has acquired several smaller insurance companies that already had a foot in particular demographics and geographical areas.

Sagicor has kept its focus tight, drilling down on life insurance products, as well as annuities, which has proven successful.

Today, the company does business with employees from over 6,000 marketing companies and independent agents spanning 45 states.


In addition to protecting families with life insurance, Sagicor has a heart for serving communities in need.

The company and its employees donate their time and resources to several local and national organizations and outreaches, including:

  • BYU Athletics
  • Phoenix Children’s Hospital
  • Positive Coaching Alliance
  • onbikes
  • Step Up for Students

Brand Recognition

If you’re a Tampa native and baseball fan, you may be familiar with the Sagicor brand.

The company is a major sponsor of the Tampa Bay Rays, getting brand exposure at all of the team’s home games and partnering with the team to impact the local community.

Otherwise, you may not be as familiar with Sagicor’s name. However, the company is a rising star focused on fast underwriting, accelerated approval processes, and very competitive rates.

To learn more about the Sagicor brand, you can find the company on Facebook, Twitter, Instagram, and Youtube.


It’s important to pick a provider with a solid reputation among policyholders and professionals.

Sagicor is surrounded by a relatively positive consensus, though it doesn’t always rank among financial experts’ top companies.

That can be attributed to the company’s tight focus on smaller, affordable no exam policies.

While you may be able to get more coverage from carriers like Principal and Haven Life without an exam, nobody beats Sagicor in its variety of available plans which don’t require a medical exam.

As the industry moves forward to a more dynamic and online presence, Sagicor is well-positioned to increase its market share, especially with the increasing availability of its no exam life insurance policies.

If you want trustworthy term or universal life insurance without a medical exam, Sagicor is a very good option and should be high on your list.

Sagicor Life Insurance Company

(480) 425-5100
4343 N Scottsdale Rd. Ste. 300
Scottsdale, AZ 85251

Company Name (and subsidiaries)

  • Sagicor Financial Corporation Limited (SFCL)
  • Sagicor Life Inc.


Jason Fisher

Jason Fisher is the founder and CEO of, LLC. and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered.