I started Insurance Blog by Chris™ because I have a passion for insurance. Here at the blog, our job is to educate and inform people about the best insurance for them. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insu...

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Reviewed by Rachael Brennan
Licensed Insurance Agent Rachael Brennan

UPDATED: Apr 18, 2022

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What’s New in 2021 for Sagicor Life Insurance

For a lot of companies, including Sagicor Life Insurance, 2021 is bringing new changes and products. 

Here’s what’s new for Sagicor Life Insurance this year. 

How Has Covid-19 Affected Sagicor Life Insurance?

Sagicor Life Insurance has developed four action plans based on severity level in the different regions that they serve. These include:

  • Employees working from home
  • Hand sanitizer in the lobbies
  • Notices posted on walls instead of as handouts
  • Extra cleaning in lobbies
  • Emergency plans for securing needed items in the event of a vendor supply crisis 

Additionally, they have extended their benefits to include any issues involving Covid-19.

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New Products or Changes

Sagicor Life Insurance has instituted payment leniency for those who cannot get their payments in due to issues associated with the pandemic. This is being extended to claims filed as well. Those will still be considered for payment even after the claim deadline has passed.

One of the ways in which Sagicor has accommodated customers during the pandemic is by fast-tracking the development of their online platform. “E-Connect” allows for customers to speak with and perform transactions with a customer service representative online from their own home, instead of going into the office or a local branch. 

Sagicor in the News

In Q4 of 2020, Sagicor’s total revenue increased by 43% from the previous year. 

2021 Latest Sagicor Life Insurance Reviews

Sagicor is highly rated across the board. Not only did they have this status pre-Covid, but they have been able to maintain it throughout the pandemic. In addition to several positive review articles, they possess an A+ rating with the Better Business Bureau and a 4 star average on a variety of third-party review sites.

One popular feature of Sagicor that is readily apparent in their reviews is the fact that you do not need a medical exam to apply or to be approved to get a plan. However, one thing people take issue with is that they do not frequently insure those with current or past medical concerns. This is frustrating to many potential customers, but it isn’t unheard of in the United States.

There are a large number of glowing reviews about the company and the simplicity of their application and approval process. Not only is it easy to manage, but they have customer service representatives that guide you through the digital paperwork from start to finish. The introduction of their E-Connect platform also makes it easy and safe for people to get the assistance they need. 

Overall, Sagicor has continued to impress the customers who utilize their products and services.

Sagicor Life Insurance put down roots in the insurance industry in 1840 in the country of Barbados, but their modern counterpart has grown to have quite a reputation in the United States.

Since its inception in 1954, Sagicor Life Insurance has delivered meaningful services to their clients while making lasting impressions in the life insurance and annuities industries.

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Sagicor Life Insurance Company

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The company offers a variety of in-depth coverage that can be utilized in 45 states around the U.S. and abroad. The main goal is to not only deliver great life insurance at an affordable cost but to give their clients the help they need through their insurance policies.

Sagicor offers several quality programs, from advice services to insurance policies to annuity services that can help their clients move forward in the right direction. According to its website, the life insurance company aims to be a timeless, borderless, and colorless company.

Instead of looking out for themselves, they aim to put the power into the hands of their clients. No-exam insurance programs empower many people in choosing the right policy.

Sagicor certainly seems to be achieving its vision with great success. Today, they boast over $5 billion in assets alongside 6,000 marketing organizations and agents. You may not have heard of them, but they are a viable option for your life insurance needs. More and more people are trusting them each year as their reputation continues to grow.

By upholding a high standard and giving back to the communities they work in, they are delivering the goods on a variety of levels.

Sagicor Life Insurance Rating

Sagicor is consistently rated favorably in the industry. There are almost no negative reviews to be found online. Of the complaints that are shown, Sagicor has tried to right their wrongs in a variety of ways.

  • They have been impressively rated “A+” by the esteemed Better Business Bureau, every year since they were qualified in 2009.
  • They were rated 4.4 out of 5 by Trustpilot out of 200 reviews, showing a quality source for insurance and customer service. Of the 200 reviews, 73 percent gave Sagicor the highest possible rating of “Excellent.”
  • They were rated as an “A-“ by the A.M. Best Rating organization, which they deemed to be an excellent rating. It is the fourth-highest rating out of a possible sixteen options.

Clients dote on their programs because of the sheer amount of options they offer compared to some of the other big names in the industry. If you’re looking for any sort of life insurance, the chances are high that Sagicor will have an option to fit your needs and budget.

Many well-regarded sources, such as The Balance and BestLifeRates, maintain that Sagicor has among the highest value compared to the payments on their coverage policies.

Sagicor Life Insurance Products

Sagicor is well-known for its vast range of life insurance policies.

Among them is Sage Whole Life, Sage Indexed Universal Life, Sage No-Lapse Universal Life, Fixed Indexed Single-Premium Whole Life, and Interest-Sensitive Single-Premium Whole Life.

These policies are offered alongside typical term and permanent life insurance policies.


Sage Whole Life will lock in the set amount of the policy no matter what. Your payout will not deviate, which will give your family the peace of mind they need.


This policy is going to give you more wiggle-room with your premium payments, which can help you tackle the most important challenges in your life along the way. With less money to worry about in each installment–depending on how you set it up—you’ll be able to pay your policy off in a way that works best for you.


It’s good to have protection built into your policy choices. If there is a lapse, you could potentially miss out on your payout if tragedy strikes. This option does away with that notion.

You will have a guaranteed amount of death protection and premium payments that will extend for your entire life. Your premiums will stay the same forever.


This policy offers advanced crediting options to the index, which will give you better opportunities.


It’s good to keep your interest rate as low as possible, for obvious reasons. You’ll be able to lock it in at three percent, no matter what happens with the markets. Your policy will also have upside potential moving forward, giving you a look at a brighter future.


Coverage will vary between $50,000 and $1 million, depending on your age and health. As for the terms, Sagicor offers ten, fifteen, and twenty-year plans to keep you covered. It can be cheaper than more permanent options.


As for whole life insurance, it accrues cash value over the years on a tax-deferred basis, which could come in handy. The permanent life insurance option will be locked in, assuming that you continue to pay the premiums on it as agreed.

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Pros & Cons of Sagicor


Sagicor has been a trusted name in insurance for over 150 years now, and clients keep flocking to it for its dedication to their financial well-being. The company is dedicated to its customer service. It offers a slew of different life insurance options that can build up cash and guarantee payouts if you abide by the payments that have been set for you.

Such dedication and a great selection of payment options make it easy to find a plan that works for you at Sagicor.


A primary con is that Sagicor is not available to individuals who are 65 years and older, which isn’t unheard of in the industry. A medical exam isn’t always a requirement, but it can be if you choose certain options.

Lastly, there are some programs you won’t be able to access with Sagicor, which include 30-year term insurance plans, and universal life options that are completely guaranteed.

We would love to hear about your experiences with Sagicor in the comments below.