Burial Insurance Companies
Burial Insurance Topics
Sagicor is licensed to sell insurance in 45 US states as well as the District of Columbia. Sagicor offers a product called Sage Term Life Insurance that may be used for final expenses, burial insurance, and the like. Options include 10, 15, or 20 year terms and no required medical exams. Sagicor offers various underwriting processes that may assist you in obtaining lower premiums, better benefits, or both.
Do I have to use burial insurance benefits on funeral expenses?
Once a final expense plan’s policyholder passes away, the beneficiary may use the death benefit payout however they like. Most people use part or all of the payout for funeral-related expenses. These expenses currently average around $10,000 in the United States. Burial expense payouts can be used for any purchase, bill, debt, loan, or expense.
How do you apply for burial insurance?
Applying for burial insurance is quick and easy on most insurance company websites. You’ll need to register on the site and create an account, which involves giving the company personal information such as your full name, address, etc. In most cases, you will also need to answer a brief medical questionnaire. This helps the company determine which insurance plan you qualify for as well as your premium rates. If you’d rather talk to someone in person instead of applying on a website, you can call the insurance company or visit a local office to speak with an agent.
Do burial insurance premiums change?
Most burial insurance premiums do not change, provided that the policyholder makes premium payments on time. Premiums are said to be guaranteed by the insurance company if they do not change. Premiums are determined based on your age, sex, health issues, location, and various other factors. Once you have accepted a premium and an insurance contract, your guaranteed premiums will not change even if your health deteriorates.
How to get started
If you are already a Sagicor insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can connect with an agent using the contact info listed below. You may also shop for policies using our comparison tool by clicking on the following link.
Financial Strength Ratings
AM Best – A-, Stable outlook
Moody’s – No rating
Standard & Poor – BB-, Watch negative
Company contact info
3030 NW Expressway, Suite 715
Oklahoma City, Oklahoma 73112
(800) 406 9900
Monday – Friday, 8:00 a.m. to 6:30 p.m. Eastern