Assurity vs. Sagicor: Best Life Insurance Company in 2021

Our Assurity vs. Sagicor life insurance rates comparison shows that Sagicor is the more affordable option. Overall, Assurity and Sagicor are average in price when compared to industry competitors. The Assurity and Sagicor financial strength ratings via A.M. Best are identical. You'll find more variety in Sagicor's life insurance policy options than Assurity's.

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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...

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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.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Aug 23, 2021

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Quick Facts

  • The Assurity vs. Sagicor life insurance rates comparison shows that Sagicor is cheaper, especially for younger adults
  • A.M. Best gave Assurity and Sagicor the same rating
  • Sagicor’s policy options are much more diverse than Assurity’s

Shopping for life insurance can be a hassle. Our Assurity vs. Sagicor comparison shows that both companies help you bypass some inconveniences by offering no medical exam term life insurance.

It’s hard enough to choose between the top life insurance companies in America. In this review, we’ll highlight the Assurity and Sagicor insurance plans, financial strength ratings, and more to help you make your choice.

In a few moments, you’ll be able to decide who has the best life insurance for you between Assurity vs. Sagicor. For now, use our free quote tool to get personalized life insurance quotes in just a few clicks.

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

Assurity and Sagicor are smaller life insurance companies when compared to brands like State Farm, AIG, Prudential, and so on. Even so, both companies were founded in the 1800s and appear to be in good shape.

The Assurity life insurance Lincoln, NE headquarters appears to be going strong. Both Assurity and Sagicor offer an assortment of products, which tends to help a company maintain financial strength.

When comparing the Assurity and Sagicor life insurance company policy options, you’ll notice that Sagicor offers a wider array of products when compared to the former.

Assurity offers basic life insurance options including:

  • Term life insurance
  • Whole life insurance
  • Universal life insurance

These policy options are standard for life insurance, though not all companies offer all three. Sagicor offers a more diverse selection of life insurance products, particularly with regard to permanent life insurance.

Sagicor’s policy options include:

  • Term life insurance
  • Whole life insurance
  • Universal life insurance
  • Indexed universal life insurance
  • Final expense insurance

Sagicor’s policy options offer more flexibility for those who are considering a life insurance policy as a retirement solution via indexed universal life insurance.

Sagicor also offers the most cost-effective monthly life insurance option with its final expense insurance. A final expense policy won’t have a large death benefit, but it does ease the financial burden on your beneficiaries for funeral expenses.

Many people consider Assurity and Sagicor among the best no exam life insurance companies. While no exam policies are easier to get, you could see a high Assurity or Sagicor life insurance quote as a result.

In general, the types of no medical exam life insurance policies are limited to term life insurance. They are often referred to as guaranteed issue and simplified issue, depending on the company and its underwriting process.

Use our Assurity life insurance review and Sagicor life insurance review to learn more about specific policy details with each company.

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Assurity vs. Sagicor: Which company has cheaper life insurance?

Life insurance can get pricey, especially if you decide to purchase a permanent life insurance product that accrues cash value. These are often treated like retirement solutions to supplement life insurance.

Despite differences between Assurity and Sagicor life insurance plans, term life insurance tends to be the cheapest life insurance (aside from final expense insurance) and it is available through either company.

Average Assurity vs. Sagicor Monthly Life Insurance Rates by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (Assurity) Average Monthly Rates10-Year Term (Sagicor) Average Monthly Rates20-Year Term (Assurity) Average Monthly Rates20-Year Term (Sagicor) Average Monthly Rates
25 - Male$13.92$10.39$15.44$13.54
25 - Female$9.79$9.45$11.96$11.79
35 - Male$13.92$10.70$18.49$14.29
35 - Female$11.96$9.68$16.10$12.65
45 - Male$23.71$17.53$35.89$28.34
45 - Female$19.58$15.98$28.06$22.96
55 - Male$51.11$54.09$87.44$81.29
55 - Female $40.46$40.49$64.82$65.75
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Based on the sample Assurity vs. Sagicor life insurance rates above, Sagicor is slightly cheaper than Assurity for term life insurance. Younger adults are more likely to spend less with Sagicor than Assurity.

Older adults might spend roughly the same regardless of the company they choose. Overall, you should be able to find affordable Assurity or Sagicor life insurance.

Sample Monthly Life Insurance Rates by Company, Product, and Age for Males
CompaniesProductAge 30 Average Monthly Rates (Male)Age 35 Average Monthly Rates (Male)Age 40 Average Monthly Rates (Male)Age 45 Average Monthly Rates (Male)Age 50 Average Monthly Rates (Male)Age 55 Average Monthly Rates (Male)Age 60 Average Monthly Rates (Male)Age 65 Average Monthly Rates (Male)Age 70 Average Monthly Rates (Male)Age 75 Average Monthly Rates (Male)Age 80 Average Monthly Rates (Male)
Accordia LifeTerm Life$16.91N/A$23.36N/A$56.07N/A$128.84N/AN/AN/AN/A
ANICOSignature Term$12.53$12.96$15.98$22.68$31.75$47.30$76.25$132.19$227.88NANA
AssurityTerm Life$16.31$16.31$21.32$28.49$43.07$62.64$100.05$153.99$245.78$465.67NA
BannerOPTerm$12.68$13.33$17.71$22.10$32.90$45.99$73.81$123.03$211.06$399.22NA
CincinnatTermsetter$13.42$14.96$18.70$22.88$32.56$49.50$78.98$140.36$257.40$456.94NA
Fidelity LifeTerm Life$19.14NA$25.01NA$54.59NA$73.92NANANANA
John HancockVitality Term$14.09$14.24$16.96$22.14$28.41$43.04$68.14$117.04$245.79$455.46$849.79
Liberty MutualTerm Life$31.73N/A$35.55N/A$40.32N/A$95.58N/ANANANA
Lincoln NationalTerm Accel$12.34$12.63$15.22$21.84$30.96$46.75$71.95NANANANA
MassMutualVantage Term$13.28$13.48$16.98$24.58$35.03$53.50$82.65$147.03$256.00$478.08NA
Minnesota LifeAdvantage Elite$13.46$13.99$17.95$25.87$36.56NANANANANANA
Mutual of OmahaTerm Life Answers$13.33$14.19$19.35$23.22$33.33$50.31$80.84$148.35$274.13$525.68$908.38
Nassau LifeTerm Life$17.43NA$26.15NA$51.69NA$119.78NANANANA
NationwideYourLife$13.56$13.56$16.41$22.97$32.59$47.91$86.41$152.03$260.97NANA
North AmericanADDvantage$12.98$13.20$16.50$22.88$31.90$48.40$77.44$133.98NANANA
Pacific LifePromise Term$12.32$12.32$15.59$21.85$30.09$45.46$69.89$123.04$211.07$399.24$874.22
PrincipalTerm Insurance$12.69$12.69$15.80$23.05$31.15$45.65$71.97$126.66$217.44$410.99$902.78
ProtectiveClassic Choice$11.62$11.83$14.78$21.32$30.07$45.47$69.90$124.33$211.07$399.24NA
ProtectiveCustom Choice UL$11.87$12.08$15.10$21.77$31.46$47.82$73.23$131.78NANANA
PrudentialTerm Essentials$21.88$21.88$25.60$28.66$38.07$50.75$79.41$142.85$259.88$508.82NA
SagicorAccelerwriting Term$12.60$12.75$17.07$22.27$43.59$65.49$103.05$172.65$313.06$510.40NA
SBLILevel Term$11.80$12.07$14.53$20.96$31.88$48.12$75.61$129.70$225.74NANA
SymetraTerm 3.0$12.91$12.91$16.19$23.84$33.21$51.54$83.77$140.57$239.27$440.78$969.72
TransamericaTrendsetter Super$12.47$13.33$18.71$24.30$37.41$55.90$86.86$161.04$221.67$410.65$884.51
TransamericaTrendsetter LB$13.33$14.62$20.21$27.09$40.21$64.29$101.91$176.30$302.94$490.63$1,072.64
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When comparing sample Assurity and Sagicor life insurance quotes to those of other top companies, each seems to be about average. As a whole, both companies have more reasonable prices for young adults.

Assurity vs. Sagicor: Which company has better financial strength ratings?

Financial strength ratings and customer service reviews are important when choosing a life insurance company. You want to know your money is going to a company that is financially sound.

Ratings Comparison for Assurity vs. Sagicor Life Insurance
Ratings AgencyAssurity RatingSagicor Rating
A.M. BestA-A-
Better Business BureauA+A+
FitchN/ABB
J.D. PowerN/AN/A
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Unfortunately, there are limited agencies that offer Assurity and Sagicor insurance company ratings. Smaller insurers often get little attention from major rating agencies.

A.M. Best rates both Assurity and Sagicor with an A-, which indicates that each company is financially stable. Fitch also rated Sagicor with a BB rating, which is not great but still satisfactory.

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J.D. Power offers customer satisfaction ratings, but neither company was featured in the most recent study. Thankfully, the Better Business Bureau did rate each company positively.

Better Business Bureau ratings do revolve around complaint resolution primarily, so it isn’t necessarily the best indicator of a customer’s overall experience. Rather, this rating represents complaint responsiveness.

Overall, Assurity and Sagicor have comparable ratings for both financial strength and customer service, based on the ratings available.

Assurity vs. Sagicor: What are the pros and cons?

With quite a bit of information throughout this article, we’ll go over the most important points before you rush to buy Assurity or Sagicor life insurance.

Here, we’ll break down the good and the bad for Assurity and Sagicor.

Pros:

  • Above-average financial strength (both companies)
  • Competitive rates (Sagicor superior)
  • Ample policy options (Sagicor)
  • Positive customer service ratings (both companies)

Cons:

  • Limited policy options (Assurity)
  • More expensive (Assurity)
  • Few ratings available (both companies)

Overall, Assurity and Sagicor both appear to be reasonable options for life insurance. For older adults, it could be beneficial to get quotes from both companies if price is most important to you.

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Assurity vs. Sagicor: The Bottom Line

Despite being smaller life insurance companies, Assurity and Sagicor have operated longer than many popular brands like State Farm and Liberty Mutual.

We hope you enjoyed learning more about Assurity vs. Sagicor. Before you go, get personalized quotes from local life insurance providers using our free quote tool below.

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