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Sagicor life insurance review October 2021

Accelerated underwriting with no medical exam requirements for most applicants's rating: 4.5 / 5


  • Get a quote if you’re looking for a group policy to offer your employees.
  • Pick something else if if you want a longer term-life policy or you live in a state where Sagicor doesn’t operate.

18 to 75

Issue Age

$50,000 to $1 million



Medical Exam Required


Policies Term, whole, universal, variable universal, final expense whole life.
Coverage maximum $1 million
Term lengths 10, 15, 20
Medical exam required No
Available states 45 states and D.C. Not available in Alaska, Connecticut, Maine, New York or Vermont.
Issue age Not listed


  • Accelerated underwriting
  • Competitive prices
  • Love notes program


  • No longer term-life policy options
  • Common illness may disqualify
  • Not available in every state
Riders Accelerated death benefit rider
Accidental death benefit rider
Child rider
Guaranteed insurability rider
Lapse protection rider
Long-term-care rider
Waiver-of-premium rider

Review by

Heather Petty is a personal finance writer at Finder specializing in home loans, banking and insurance. After falling victim to a disreputable mortgage broker when buying her first home, she’s on a mission to help readers avoid similar experiences when managing their own finances. A self-proclaimed word nerd, her writing has been featured on MSN, and, among others. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She holds a bachelor’s degree in English with a minor in journalism from the University of Nevada, Reno.

Expert review

If you’re looking for life insurance without a medical exam, Sagicor Life offers a quick and easy online application process and competitive prices. But if you live in a state where the company doesn’t operate, or you don’t qualify for Sagicor’s accelerated underwriting, shop around for life insurance policies to find other no-exam options. 

Sagicor Life insurance rates

As with most insurance that doesn’t require a medical exam, Sagicor Life bases its rates mainly on age and tobacco use. Compare sample quotes for monthly premiums on a 20-year, $500,000 term life insurance policy for nonsmokers in excellent health from the Sagicor online quote tool.

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How to get a quote from Sagicor Life insurance

Sagicor Life offers free online quotes without requiring your personal information until you’re interested in applying for a policy.

  1. From the Sagicor home page, click Get a Quote.
  2. Enter your general information and click Get My Quotes.
  3. Use the slider bar to select the amount of coverage and see how your premiums change. When you’ve determined your coverage amount, choose the policy you want, select any optional riders and click Apply Now.
  4. Enter your personal information and click Apply. To complete the application, you’ll need your driver’s license number, Social Security number, doctor’s contact and information on any existing life insurance policies in your name.

What types of life insurance coverage does Sagicor Life offer?

Sagicor Life offers term, whole and final expenses life insurance with a standard set of riders available to customize your policy. You can choose between the following life insurance products:

  • Term life insurance. Sagicor offers 10-, 15- and 20-year term life insurance policies with a no-cost accelerated benefits rider. The company’s accelerated underwriting is available for all applicants age 18 to 45 and for applicants outside that age range, depending on the amount of coverage they want. Which means you’ll get an underwriting decision within minutes of submitting your application. All term policies can be converted to a permanent life insurance policy before age 70.
  • Permanent life insurance. All whole life policies offer Sagicor’s accelerated underwriting process that requires no medical exam or phone interview for applicants age 16 to 65. Applicants over age 65 will need to go through the full underwriting process, and applicants under 16 will go through the juvenile issue process. Here’s a list of your permanent life insurance options:
    • Whole life. A traditional permanent life insurance that includes a no-cost accelerated benefit rider, which allows you to use a portion of your death benefit if you’re diagnosed with a terminal illness.
    • Universal life. This policy provides built-in lapse protection, a flexible death benefit and a guaranteed annual interest rate.
    • Indexed universal life. A universal whole life insurance that allows you to choose between three interest strategies to potentially improve the cash value of your policy. Its flexible payments option allows you to increase the cash value with larger premiums or pay the minimum to keep your policy active. You’ll get the accelerated benefit and lapse protection riders at no cost.
    • Indexed single premium universal life. With this policy, your cash value earns interest based on the market rate of a stock index, but you can choose between five bonus strategies to potentially improve your returns based on your risk tolerance. The policy comes with return of premiums protection and an accelerated benefits rider that covers both chronic and terminal illness.

Final expense life insurance

Final expense life insurance is designed to provide coverage for end-of-life expenses only. The policy requires no medical exam or health questionnaire, though some health questions are part of the application process. Sagicor offers three final expense life coverage options:

PolicyMonthly PremiumCoverage
Basic$25$5,000 – $10,000
Classic$35$15,000 – $20,000
Grand$55$25,000 – $35,000

What riders can I add to my policy?

Sagicor offers a pretty standard set of riders to make sure your policy meets your coverage needs. Not every rider is available as an add-on to every policy, but the following riders are available across Sagicor products:

  • Accelerated death benefit rider. Allows you to access a portion of your death benefits to help cover medical costs if you’re diagnosed with a terminal illness.
  • Accidental death benefit rider. Provides an additional lump sum payout to your death benefit if you die in an accident.
  • Child rider. Adds a term life insurance for your children who are ages 15 days old to 19 years old, which stays in place until your child turns 25 or gets married. This rider can be converted to a whole life policy for up to five times the original face value amount without health restrictions.
  • Guaranteed insurability rider. Provides the opportunity to purchase additional coverage at regular intervals without having to prove your insurability through questionnaires or medical exams.
  • Lapse protection rider. Protects your policy from lapsing due to the loans you take out against the cash value.
  • Long-term-care rider. Allows you to access money from your death benefit if you’re diagnosed as chronically ill.
  • Waiver-of-premium rider. If you become totally disabled, this rider waives your premium until you can return to work.

Sagicor life insurance reviews and complaints

Sagicor Life is accredited with the BBB and has an A+ rating with no unanswered customer complaints, as of October 2020. The company has a 4.5 out of 5 star rating on Trustpilot with 200 reviews, most of which praise the speed and ease of the application process and excellent customer service.

AM Best financial rating A-
BBB accredited Yes
BBB rating A+
1/5 out of 3 customer reviews
Trustpilot score 4.5/5 out of 200 customer reviews
Customer reviews verified as of 25 January 2021

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More about Sagicor Life

Sagicor Life’s parent company, Sagicor Financial Corporation, has been in operation since 1840, and is considered one of the oldest insurers in the US. Sagicor Life Insurance has been in operation since 1954 and is now licensed in 45 states and the District of Columbia. AM Best has given the company an A- rating for financial strength. In addition to life insurance, Sagicor also offers a range of annuities products.

Frequently asked questions about Sagicor Life insurance

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