Sagicor Life Insurance Company provides financial advice, life insurance and annuity products for consumers. Annuity offerings include multi-year guaranteed annuities, single premium immediate annuities and single premium deferred annuities.

Sheena Zimmermann, Financial Writer for
  • Written By
    Sheena Zimmermann, M.Ed.

    Sheena Zimmermann, M.Ed.

    Financial Writer

    As a professional who values lifelong learning, Sheena Zimmermann joined the team with a deep commitment to connecting readers with resources designed to improve their financial literacy and strengthen their financial health.

    Read More
  • Edited By
    Emily Miller
    Emily Miller, Managing Editor for

    Emily Miller

    Managing Editor

    Managing editor Emily Miller is an award-winning journalist with more than 10 years of experience as a researcher, writer and editor. Throughout her professional career, Emily has covered education, government, health care, crime and breaking news for media organizations in Florida, Washington, D.C. and Texas. She joined the team in 2016.

    Read More
  • Updated: January 17, 2023
  • 4 min read time
  • This page features 8 Cited Research Articles
Fact Checked
Fact Checked content is meticulously reviewed to ensure it meets our high standards for readability, accuracy, fairness and transparency. articles are spellchecked, grammatically correct and typo-free. editors may revise content for clarity, logic, flow and meaning. only uses credible sources of information.

This includes reputable industry sources, select financial publications, credible nonprofits, official government reports, court records and interviews with qualified experts.

Cite Us
How to Cite's Article

APA Zimmermann, S. (2023, January 17). Sagicor. Retrieved January 31, 2023, from

MLA Zimmermann, Sheena. "Sagicor.", 17 Jan 2023,

Chicago Zimmermann, Sheena. "Sagicor." Last modified January 17, 2023.

Why Trust
Why You Can Trust has provided reliable, accurate financial information to consumers since 2013. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Our objective is to deliver the most comprehensive explanation of annuities and financial literacy topics using plain, straightforward language.

Our Partnerships, Vision and Goals

We pride ourselves on partnering with professionals like those from Senior Market Sales (SMS) — a market leader with over 30 years of experience in the insurance industry — who offer personalized retirement solutions for consumers across the country. Our relationships with partners including SMS and Insuractive, the company’s consumer-facing branch, allow us to facilitate the sale of annuities and other retirement-oriented financial products to consumers who are looking to purchase safe and reliable solutions to fill gaps in their retirement income. We are compensated when we produce legitimate inquiries, and that compensation helps make an even stronger resource for our audience. We may also, at times, sell lead data to partners in our network in order to best connect consumers to the information they request. Readers are in no way obligated to use our partners’ services to access the free resources on carefully selects partners who share a common goal of educating consumers and helping them select the most appropriate product for their unique financial and lifestyle goals. Our network of advisors will never recommend products that are not right for the consumer, nor will Additionally, operates independently of its partners and has complete editorial control over the information we publish.

Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.

Sagicor Life LogoSagicor Life Insurance Company, or Sagicor Life, is licensed in 45 states and the District of Columbia. The company is not fully licensed in Alaska, Connecticut, Maine, New York or Vermont.

The company is a wholly owned subsidiary of Sagicor Financial Company Limited, or Sagicor Financial. Sagicor Financial operates in 21 countries, primarily in the United States, the Caribbean and Latin America.

About Sagicor

Sagicor was founded in 1954 as American Founders Life Insurance Company in Austin, Texas. The annuity company grew over the years through acquisitions, and in 2005, Sagicor Financial Company Limited purchased American Founders Life Insurance Company.

As a result, the organization officially became Sagicor Life Insurance Company and evolved into an international financial services corporation.

After the first quarter of 2022, Sagicor reported over $680 million in revenue. Approximately 76% of that revenue was from life, health and annuity insurance issued to individuals.

Sagicor ranks among the top 120 life insurance companies in the U.S. based on the company’s invested asset position.

Sagicor specializes in the following business lines:

  • Annuities
  • Asset management
  • Auto insurance
  • Banking
  • Business insurance
  • Health insurance
  • Home insurance
  • Life insurance

According to the company website, Sagicor’s vision is “to be a great company committed to improving the lives of the people in the communities in which we operate.”

Sagicor aims to be a “timeless, borderless and colorless company” through its business procedures and relationships.

If you're an existing annuity customer with Sagicor, you can reach their Client Services team at the following number:
1-888-724-4267, extension 4610

Credit Ratings

Credit rating agencies provide a standardized scoring system for insurance companies. These ratings help consumers determine if the provider can feasibly cover its financial obligations and cover claims.

AM Best rated Sagicor an A-, which is the fourth best out of 16 possible ratings. Fitch Ratings gave Sagicor Financial a BB, while S&P Global Ratings gave the company a BB+.

Regarding the BB and BB+ ratings from Fitch and S&P Global Ratings, Sagicor explains on its website that “in 2016, Sagicor Financial redomiciled to Bermuda from Barbados after a series of downgrades impacted the Barbadian sovereign rating and so unduly impacted Sagicor Financial.”

Sagicor Credit Ratings
Credit RatingOutlook
AM BestA-
Fitch RatingsBB
S&P Global RatingsBB+

Annuity Products Offered by Sagicor

Sagicor currently issues three categories of annuity products: multi-year guaranteed annuities, single premium immediate annuities and single premium deferred annuities.

Multi-Year Guaranteed Annuities (MYGA)

MYGA products grow with a guaranteed rate of interest over a chosen period of time. Consumers can choose from five guarantee periods — three, four, five, six or seven years — and earnings are tax-deferred.

The Milestone MYGA is Sagicor’s product line with multi-year fixed interest rates.

Single Premium Immediate Annuities (SPIA)

Immediate annuities begin paying out within 12 months of purchasing the annuity. After paying a single premium, you secure a guaranteed income stream while assuming no market risk with Sagicor’s SPIA product.

Single Premium Deferred Annuities

Deferred annuities are designed to accumulate earnings over time so that funds can be distributed in the future. These earnings grow tax-deferred, so you do not owe taxes on gains until you begin receiving payments.

Sagicor offers the Sage Choice Single Premium Deferred Annuity with a competitive fixed interest rate.

Interested in Buying an Annuity?
Learn about the different types of annuities and find out which one is right for you.

Client Resources

Sagicor has a list of frequently asked questions on its website with responses to common questions such as, “Can I have my premium payment automatically withdrawn from my bank account?” Clients can also access the Sagicor client portal to view policy details, pay premiums and upload forms.

According to its website, Sagicor is committed to community engagement, sponsoring the Triple-Impact Competitor scholarship program to provide resources to youth and high school sports teams. The company also contributes to the Arthritis Foundation, Phoenix Children’s Hospital and other worthy causes.

If you have an annuity with Sagicor, you can log into your account at:


About has provided reliable, accurate and trustworthy financial information to readers since 2013. We partner with professionals like those from Senior Market Sales (SMS), a market leader with over 30 years of experience in the insurance industry, to offer personalized retirement solutions for consumers across the country.

Any information offered about the company above is provided free of charge and individual product offerings are verified and accurate as of publication.

Our partners work with the provider companies mentioned on our site. However, is not a service provider. Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. Visit the Our Partners page for additional information.

More About Our Partners

Please seek the advice of a qualified professional before making financial decisions.
Last Modified: January 17, 2023

8 Cited Research Articles writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.

  1. AM Best. (2020, September 11). Sagicor Life Insurance Company. Retrieved from
  2. Sagicor Financial Company Ltd. (2022). Q1 2022 - Management's Discussion & Analysis. Retrieved from
  3. Sagicor. (n.d.). About Sagicor. Retrieved from
  4. Sagicor. (n.d.). Annuities. Retrieved from
  5. Sagicor. (n.d.). Client Services FAQ. Retrieved from
  6. Sagicor. (n.d.). In the Community. Retrieved from
  7. Sagicor. (n.d.). The Genesis of a Company. Retrieved from
  8. Sagicor. (n.d.). Vision and Values. Retrieved from