Sagicor
Sagicor Life Insurance Contracting
Sagicor Non-Med Term and No Lapse UL
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Non-Med Term Up To $500,000
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No exam and e-application
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Competitive term and No Lapse UL pricing
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Decisions within MINUTES (in most cases)
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Top street level commission
Send Me The Top Commission Level
And Online Contracting For Sagicor Life
Immediately
What Is Accelewriting?
Accelewriting® is the new state-of-the-art automated underwriting system from Sagicor for simplified issue products. It eliminates the need for a face-to-face meeting with the client, tele-interview and traditional underwriting requirements such as paramedical exams, attending physician’s statements, and bodily fluid tests.
Accelewriting® relies upon a robust rules engine utilizing predictive analytic tools and databases in order to provide a final underwriting decision within minutes (1 – 2 minutes on average). Accelewriting works through an eApp process and is available on the following Simplified Issue (SI) products:
Sage Term
- Face amounts: $50,000 – $500,000
- Issue Ages: 18 years – 65 years
- 5 Risk Classes:
Preferred Non-Tobacco
Standard Non-Tobacco
Rated Non-Tobacco
Preferred Tobacco
Standard Tobacco - Conversion Program
- Accelerated Benefit Insurance Rider for Terminal Condition or Nursing Home Confinement
- Optional Benefits:
- Accidental Death Benefit Rider
- Waiver of Premium Rider
Sage NLUL (No Lapse Universal Life)
- Face amounts: $25,000 – $400,000
- Issue Ages: 16 years – 65 years
- 5 Risk Classes:
Preferred Non-Tobacco
Standard Non-Tobacco
Rated Non-Tobacco
Preferred Tobacco
Standard Tobacco - Built in Lapse Protection
- Accelerated Benefit Insurance Rider for Terminal Condition or Chronic Illness
- Optional Benefits:
- Accidental Death Benefit Rider
- Waiver of Monthly Deductions
Why You Should Be Offering Sagicor
Sagicor has been a staple at independent life insurance call centers for years.
If you’re selling over the phone, Sagicor is a no-brainer to pick up because of the combination of:
(1) Low “no exam” life insurance rates,
(2) Blazing fast underwriting time – within minutes!
(3) Ease of writing an application.
When you factor all 3 of those in, Sagicor is among the best. There are some non-med products better priced but they take much longer to get approved and the application process isn’t as controlled or smooth as getting it done in one swoop with Sagicor’s application platform.
Sagicor takes substandard business and has a great field underwriting guide that lets you know what they accept and reject on the simplified issue platform.
We’re primarily selling their Sage Term to $500,000 on a no medical exam basis, but where Sagicor is also VERY competitive is their “no lapse universal life insurance” product. Here’s why:
– It’s one of the only products guaranteed level for life that’s available on a no exam accept/reject basis.
– Fantastic pricing – very competitive to other no lapse universal life insurance products.
– Goes down to $25,000 and will always beat similar final expense policies at that amount.
Bottom Line
Sagicor needs to be in your quiver of carriers. Everyone has the core carriers, but it’s carriers like Sagicor that can really elevate your sales and cash flow (fast approvals = fast commissions).
– Any time someone comes at you that needs coverage FAST – for an SBA loan, divorce decree or whatever – Sagicor should be your go-to.
– Any time someone wants more than $20,000 to cover funeral and burial costs, Sagicor will most likely be your go-to. Their $25,000 NLUL will beat most companies at $20,000.
For those 2 reasons alone, you should have Sagicor as an option.
And at DigitalBGA, we offer the top street level contract with Sagicor. You cannot get higher anywhere else – Sagicor has rules on this for initial contracting. We’ll also train you on how to use their application system and if you have any questions, we’re here to support you as we are actively writing them.
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