Sagicor Final Expense Rates
- Thread starter WGO
- Start date
LOL....Here I am.
Sagicor is not really an FE company. They have a Non-Par Whole Life product with a minimum $25k face. They do have a simple issue basis for underwriting up to Table 4 at a Standard Rate and is priced very competitively ages 18-65. Their Smoker Rate is excellent at all ages.
As for Gordon112. A Male 62 Smoker at $30k GUL with Sagicor it is: $135.31/mo Stand Rate. $126.51 Pref Rate. GUL is a fully underwritten plan.
The Gold Whole Life is Standard to Tbl 4 and is $203/month for $30k on a 62M SMK
Sagicor is not really an FE company. They have a Non-Par Whole Life product with a minimum $25k face. They do have a simple issue basis for underwriting up to Table 4 at a Standard Rate and is priced very competitively ages 18-65. Their Smoker Rate is excellent at all ages.
As for Gordon112. A Male 62 Smoker at $30k GUL with Sagicor it is: $135.31/mo Stand Rate. $126.51 Pref Rate. GUL is a fully underwritten plan.
The Gold Whole Life is Standard to Tbl 4 and is $203/month for $30k on a 62M SMK
- 19,648
That's not very a very good deal for that 62 year old smoker. He could could get $30,000 whole life from RNA for $115/mo.
Doesn't look competive on the GUL and certainly not on the whole life.
Only at a Standard Rate. What is the Rate after they apply the usual Table 2 or 4 Rating. It is not easy getting a Standard Rate out of RNA for Fully underwritten plans.
You will find that not many will have competitive GUL's any more after 1/1 with AG38 fully applied.
Also, I am not suggesting a GUL is right for someone at this age and at this Face amount. I believe a WL product is the best thing.
Last edited:
- 19,648
Standard is usual for me. I rarely have an RNA rated. Maybe a couple all of last year.
The Sagicor Rate takes Table 4 into account just like most FE best Rate Product and is priced that way.
It is a niche product and dollar for dollar it fits most people with small issues at a competitive rate for $25-99k face amounts. Smokers especially.
- 19,648
What niche would be? The niche that wants to overpay and have a glorified term policy? I never run into that niche.
No, the niche for smokers wanting 25k-99k of coverage that want whole life underwritten like an FE plan and not fully underwritten.
I am not a proponent of GUL for seniors. Only GUL product for Seniors I would recommend are Survivor GUL Products for Estate Planning $500k or more.
I know that is not your market though. The Survifor GUL has come back in a big way with the estate tax exemption being lowered back to $1 million. Not hard for a small farmer to use that up when passing the family farm to the kids.
Transamerica just introduced their TansACE Survivor GUL and is a good product.
GUL has its place but not in FE.
Last edited:
- 26,146
I am a proponent of GUL and term for_some_ seniors. Not the broke or near broke FE clients. Not disagreeing with you on FE, but more on the blanket no GUL for seniors statement.
I do like Sagicor's non med GUL.
Personal Opinion for me. Isn't that how a good salesperson works though. You push what you believe and the client buys it or not. We sell ourselves more than the product in the end.
Similar threads
