American Amicable vs. Sagicor: Best Life Insurance Company in 2021

In a comparison of American Amicable vs. Sagicor life insurance rates, Sagicor is less expensive. When reviewing the financial strength ratings of American Amicable vs. Sagicor, there are concerns with both companies. Sagicor and American Amicable products include term life insurance, no exam term life insurance, and cheap final expense insurance.

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

Full Bio →

Written by

Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

Full Bio →

Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: May 21, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Quick Facts

  • The American Amicable vs. Sagicor life insurance rate comparison comes out strongly in favor of Sagicor
  • There are some potential concerns about the financial strength ratings of American Amicable and Sagicor
  • Sagicor and American Amicable are both responsive to consumer complaints but need improvement on customer satisfaction

Small life insurance companies can sometimes offer you the lowest term life insurance quotes. In this review, we’ll compare two small companies: American Amicable vs. Sagicor.

There’s a chance you don’t know much about American Amicable or Sagicor. We’ll guide you through each company’s term life insurance rates, financial strength ratings, and more.

Don’t let your comparison shopping stop with American Amicable vs. Sagicor. Use our free quote tool above to see life insurance rates from the best companies in your area.

American Amicable vs. Sagicor: Which company is best for life insurance?

American Amicable and Sagicor might not be as familiar as other life insurance companies like State Farm, John Hancock, or MetLife, but that doesn’t mean they are any less valuable to life insurance policyholders.

Is American Amicable legit? American Amicable, formerly ALICO, has been operating for over 100 years out of its headquarters in Texas.

American Amicable is a specialist in the life insurance industry despite being a smaller company.

Sagicor has operated in the United States for over 50 years after expanding from its origins in the Caribbean. Which is the best life insurance company in the USA? That depends on what you’re looking for in an insurance provider.

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

American Amicable vs. Sagicor: Which company has cheaper life insurance?

If you’re comparing smaller companies like American Amicable vs. Sagicor Life Insurance Company, your first concern is probably price. It’s important to research sample life insurance rates, especially if you’re on a budget.

Sample American Amicable Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term Average Monthly Rates (Male)$100,000: 20-Year Term Average Monthly Rates (Female)$250,000: 20-Year Term Average Monthly Rates (Male)$250,000: 20-Year Term Average Monthly Rates (Female)
25$14.67$11.88$25.65$17.78
35$15.57$13.41$29.25$23.85
45$27.99$21.06$59.85$42.98
55$57.51$38.61$132.75$84.83
Get Your Rates Quote Now

Compare RatesStart Now →

The American Amicable life insurance rates start off reasonably at about $11/month. These rates climb pretty quickly with age for both men and women. In general, women can expect to pay less for life insurance.

Sample Sagicor Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term Average Monthly Rates (Male)$100,000: 20-Year Term Average Monthly Rates (Female)$250,000: 20-Year Term Average Monthly Rates (Male)$250,000: 20-Year Term Average Monthly Rates (Female)
25$9.56$8.55$13.54$11.79
35$9.83$8.90$14.29$12.65
45$15.72$13.03$28.34$22.96
55$43.46$31.05$81.29$65.75
Get Your Rates Quote Now

Compare RatesStart Now →

Sagicor’s life insurance rates follow similar pricing standards as American Amicable’s with increases corresponding to age, gender, and policy coverage amount.

These are just a few of the factors that go into how your term life insurance price is determined.

Despite those similarities, Sagicor starts significantly cheaper than American Amicable.

With rates starting at under $10/month, you could save upwards of $500 over a 20-year term with a Sagicor policy, based on this data.

Average American Amicable vs. Sagicor Monthly Life Insurance Rates by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (American Amicable) Average Monthly Rates10-Year Term (Sagicor) Average Monthly Rates20-Year Term (American Amicable) Average Monthly Rates20-Year Term (Sagicor) Average Monthly Rates
25 - Male$22.50$10.39$25.65$13.54
25 - Female$16.43$9.45$17.78$11.79
35 - Male$22.73$10.70$29.25$14.29
35 - Female$19.13$9.68$23.85$12.65
45 - Male$37.80$17.53$59.85$28.34
45 - Female$28.35$15.98$42.98$22.96
55 - Male$78.30$54.09$132.75$81.29
55 - Female $54.00$40.09$84.83$65.75
Get Your Rates Quote Now

Compare RatesStart Now →

As you continue to compare the American Amicable vs. Sagicor life insurance quotes, you should notice that Sagicor costs significantly less than American Amicable.

For adults between 35 and 45 years old, it’s not unreasonable to pay half the amount for Sagicor that you would for American Amicable.

American Amicable vs. Sagicor: Which company has better ratings?

It’s hard for companies to overcome a major price gap. Can the American Amicable rating for financial strength be a big enough factor to overcome the price differential?

Ratings Comparison for American Amicable vs. Sagicor
Ratings AgencyAmerican Amicable RatingSagicor Rating
A.M. BestA-A-
Better Business Bureau (BBB)A+A+
Fitch's RatingsN/ABB
Standard & Poor's (S&P)N/ABB+
Get Your Rates Quote Now

Compare RatesStart Now →

The Sagicor life insurance rating for financial strength is equal to that of American Amicable, according to A.M. Best. Sagicor has also been rated by Fitch and S&P while American Amicable hasn’t. These ratings are good but not great.

The Sagicor life insurance reviews from the Better Business Bureau (BBB) suggest that the company’s complaint resolution efforts are strong.

Even so, the average Sagicor life insurance review from customers is just one star out of five.

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

American Amicable does yield better customer reviews with the BBB, but there may still be some concerns since they have an average customer rating just below three out of five stars.

American Amicable vs. Sagicor: What are the pros and cons?

Overall, Sagicor has great prices and fairly good financial strength ratings and reviews. On the other hand, our American Amicable Life Insurance Company review showed higher prices and less impressive ratings.

When assessing the American Amicable products, it’s important to note that this company does provide final expense insurance. American Amicable no medical exam term life insurance is also available.

Final expense insurance is designed to provide a small death benefit that covers funeral expenses and is, therefore, cheaper than most other life insurance policies.

A no exam term life insurance policy is usually more expensive but is quicker and easier to get.

As of recently, Sagicor offers each of these policies too, so there seems to be little benefit to choosing American Amicable over Sagicor.

If you’re concerned about how affordable American Amicable vs. Sagicor life insurance rates will be, looking into a final expense policy is probably your best bet.

You can learn more about policies that work for your budget by calling the Sagicor or American Amicable phone number and speaking to an agent.

Let’s quickly break down all of the pros and cons of American Amicable and Sagicor life insurance.

Pros

  • Cheap term life insurance (Sagicor)
  • Final expense and no exam policies (both companies)
  • Responsive to customer complaints (both companies)

Cons

  • Subpar customer reviews (both companies – Sagicor worse)
  • Above-average rates (American Amicable)
  • Questionable financial strength ratings (both companies)

If you’re considering American Amicable vs. Sagicor life insurance, it shouldn’t be a very hard decision. Don’t forget that you may see some differences in rates if you smoke, have health concerns, or even if you have a dangerous job.

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

American Amicable vs. Sagicor: The Bottom Line

So, should you buy American Amicable vs. Sagicor life insurance?

Smaller life insurance companies sometimes have a lot to offer. In this case, Sagicor offers cheap term life insurance and other convenient policy options, as well as decent financial strength ratings.

Now that you’ve compared American Amicable vs. Sagicor life insurance, get quotes from other top companies in minutes using our free quote tool below.

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

QuickQuote is a BBB Accredited Business. BBB