Important Sagicor Product Updates: SAGE Term Discontinuation
2021 was an incredible year for Sagicor. On behalf of our Board and Management, I want to thank you for your continued business and support. We exceeded our goals in all accumulation and retirement products — Sage IUL, WealthCare Indexed Single Premium UL, Milestone MYGA and SPIA. We couldn’t have done it without you and are so thankful you chose Sagicor to help your clients meet their financial planning objectives.
Commitment to Accumulation Products and Brokerage Distribution
Sagicor is committed to providing transparent, accumulation-focused life insurance and annuity products throughout life’s stages. To further our growth in the U.S. market, Sagicor has made the strategic decision to focus on accumulation and retirement products through our valued brokerage agency and agent partners.
Effective immediately, Sagicor will no longer offer products Direct to Consumer, including Sage Term. This decision was made so all resources can be dedicated to our brokerage distribution partners. Sagicor will also be withdrawing Sage Term within brokerage distribution, effective Friday, February 11, 2022. The Sage Term withdrawal allows Sagicor to focus on growing and expanding our accumulation portfolio of products, so you can continue to offer Sagicor product solutions that provide the utmost consumer value.
2022 and Beyond
Sagicor will continue to innovate and bring new products, strategies, features and technology to market in 2022 and beyond, including:
- New consumer-centric product releases — including re-introduction of Fixed Index Annuities
- Feature and rider enhancements to the existing product portfolio — including Sage IUL, WealthCare, Milestone MYGA and SPIA
- New index crediting strategies
- Sagicor product availability on new sales platforms
- Enhanced technology — to further create an ease of doing business for you and your clients
We have streamlined our product portfolio so we can focus on what we do best — providing you and your clients with products to achieve their financial planning goals, while utilizing technology to create a sales process that moves at the Speed of Life. I truly appreciate your continued support.
