Sagicor is a wholly-owned subsidiary of Sagicor Financial Company Limited¹ (SFCL), one of the oldest insurance groups in the Americas. SFCL operates in 19 countries, mainly in the United States, Latin America, and the Caribbean.
Sagicor Life Insurance Company
Group Affiliation: None
State of Domicile: Texas
NAIC Company Code: 60445
Year Founded: 1954
Assets & Liabilities
Capital and Surplus: $128,694,408
Assets to Liability Ratio: 105.73%
Sagicor Life Ratings
Sagicor Life Insurance Company (Sagicor) is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings), affirmed as of November 4, 2021. This rating is based on Sagicor’s financial strength and ability to meet its ongoing obligations.
Sagicor Life Insurance Plans
|Sagicor Life Insurance Company|
|Kinds of Plans||Term, whole, universal, indexed universal life insurance|
|Number of Plans||5|
|Payment Plan Options||Annually, semi-annually, quarterly, monthly|
|Customer Service||Phone: 888-724-4267; Email firstname.lastname@example.org|
Frequently Asked Questions
Sagicor Life Insurance Company (Sagicor) is a full-service life insurance company that is licensed in 45 states, plus the District of Columbia. Sagicor is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings), affirmed as of November 4, 2021. This rating is based on Sagicor’s financial strength and ability to meet its ongoing obligations.
In 2005, Sagicor Financial Company Limited acquired the Company, and in 2006, the Company was renamed Sagicor Life Insurance Company.
Established in 1840, The Barbados Mutual Life Assurance Society, the predecessor to Sagicor Financial Company Limited, was formed in Barbados — making it one of the oldest financial services companies in the Western hemisphere. In the announcement of its formation, it was noted that its purpose was, “…of assuring lives and effecting endowments for children.”
1Sagicor Financial Company Limited is a separate entity and is not responsible for the insurer’s financial condition or contractual obligations.
Financial Data for the year ending December 31, 2020. Assets and Liabilities totals do not include amounts allocated to Separate Accounts. All ratings shown are current as of June 15, 2021