Gold Series Interest Sensitive Single Premium Whole Life Insurance
WHY DO I WANT TO BUY SINGLE PREMIUM WHOLE LIFE INSURANCE?
You've worked hard to provide for your family and save for retirement. You've used savings and investment tools such as Certificates of Deposit (CDs), money markets, annuities, and mutual funds to accomplish these goals. But taxes and probate fees may shrink your estate.
By transferring some of these assets to the Sagicor Gold Series Interest Sensitive Single Premium Whole Life you could:
GUARANTEED DEATH BENEFIT
The minimum Death Benefit is guaranteed from day one regardless of changes in your age or health. Also, your Death Benefit can increase over time as your cash value inside the Policy may increase. Death Benefits to a named beneficiary are generally probate free.1
A lifetime guaranteed interest rate of 3% eliminates the worry of market volatility plus your Policy has future interest upside potential.
100% GUARANTEED RETURN OF PREMIUM
Your single premium payment is guaranteed from day one. In the unlikely event you surrender your Policy, you are guaranteed to receive at least 100% of your initial premium back, less Indebtedness, less any Withdrawals and less any Accelerated Benefits paid out (Minimum Guaranteed Cash Value). See the Policy for details.
Sagicor's Gold Series Interest Sensitive Single Premium Whole Life Policy provides tax-deferred interest earnings on the cash value account, the compounding of interest on interest is tax deferred, and the Death Benefit is free from federal taxes in most cases.1
Through Accelerated Benefit Insurance Riders, and after the Policy has been in force for 12 months, you can access the Policy's Death Benefit in two ways:
This benefit is included at no additional cost. Only one type of Accelerated Benefit will be allowed. Benefit payment cannot be made based on Terminal Condition and a Chronic Illness. See the Policy for details, Rider limitations and exclusions.
1 The initial Death Benefit will be determined by the applicant's age and gender (not in MT).
Insurance products are issued by Sagicor Life Insurance Company, a member of the Sagicor Group. Sagicor Life Insurance Company is licensed in 44 states and the District of Columbia and is rated A- (Excellent) by AM Best. Product availability and features may vary by state. Some riders may have additional fees and expenses associated with them. The product descriptions provided on this website are not intended to constitute an offer to sell or a solicitation to buy any product. Consumers interested in Sagicor Life products should contact their local registered Sagicor Life Producer.