Sagicor Final Expense Rates

[WGO]

Just flipping around on the net and ran across an IMO that said Sagicor had great Final Expense rates. Anyone know about this company?

 

[jdeasy]

Re: Sagicor

Just flipping around on the net and ran across an IMO that said Sagicor had great Final Expense rates. Anyone know about this company?

Used to be contracted with them for term. Never saw much for them. I would doubt they have competitive FE rates. Why not just the marketer that made the claim for some sample rates?

 

[WGO]

I did check back with the IMO. Said it was actually No-Lapse GUL with no cash value accumulation. Rate for 65 year old female non-smoker is $30.99 per month for $10,000.

 

[gordon112]

I did check back with the IMO. Said it was actually No-Lapse GUL with no cash value accumulation. Rate for 65 year old female non-smoker $30.99 per month.

What is the coverage amount.......while your at it, how much would be $30,000 for a 65/M smoker.

right now he just signed up for NyLife through Aarp, 30k for 66/M goes up when he hits 65 to 80 some and again every 5 years.

 

[jdeasy]

I did check back with the IMO. Said it was actually No-Lapse GUL with no cash value accumulation. Rate for 65 year old female non-smoker is $30.99 per month for $10,000.

Well for the agent that's willing to sell UL's for FE that would be fine. I ain't one of those agents.

 

[sman]

What is the coverage amount.......while your at it, how much would be $30,000 for a 65/M smoker.

right now he just signed up for NyLife through Aarp, 30k for 66/M goes up when he hits 65 to 80 some and again every 5 years.

That's going to be an interesting trick. Going from age 66 to 65.

 

[gordon112]

That's going to be an interesting trick. Going from age 66 to 65.

...

ah...my bad he is 62

 

[jdeasy]

What is the coverage amount.......while your at it, how much would be $30,000 for a 65/M smoker.

right now he just signed up for NyLife through Aarp, 30k for 66/M goes up when he hits 65 to 80 some and again every 5 years.

I don't have AARP's rate for $30,000 but for $25,000 your guy would pay $56/mo. At age 65 it would go to $74/mo. At 70 it would go to $106/mo. They are ashamed to publish what it goes to at age 75. His coverage ends at age 80 and a day.

His policy should show you the rates for the $30,000.

If non smoker he could get $30,000 whole life from RNA for $89/mo. Surely you can do better for him than that term policy?

 

[gordon112]

I don't have AARP's rate for $30,000 but for $25,000 your guy would pay $56/mo. At age 65 it would go to $74/mo. At 70 it would go to $106/mo. They are ashamed to publish what it goes to at age 75. His coverage ends at age 80 and a day.

His policy should show you the rates for the $30,000.

If non smoker he could get $30,000 whole life from RNA for $89/mo. Surely you can do better for him than that term policy?

Yea, I was asking the poster of this forum what the rate would be with Sagicor. Unfortunately, he is a smoker. In FL, those term rates are a bit higher on AARP through NYL. He is paying 66 now, and 3 years at 65 he will be paying 88. It sounds like a good deal up front tell you read the fine print on these plans, most surely don't know what they just got!

 

[marketing]

Yea, I was asking the poster of this forum what the rate would be with Sagicor. Unfortunately, he is a smoker. In FL, those term rates are a bit higher on AARP through NYL. He is paying 66 now, and 3 years at 65 he will be paying 88. It sounds like a good deal up front tell you read the fine print on these plans, most surely don't know what they just got!

I didn't post thread but I will check again on tomorrow afternoon. Sagicor website is down today due to upgrading; probably the new final expense illustration. By the way, they have one of the best GUL on the market.....time will tell about the final expense.....anyone looking for a contract let me know...