Lincoln vs. Sagicor: Top Life Insurance in 2024
In a comparison of Lincoln vs. Sagicor life insurance companies, it was a tie. Lincoln offers more affordable rates to men of various ages than Sagicor. However, Sagicor offers more affordable rates to women of various ages than Lincoln. Furthermore, Lincoln holds a higher rating from A.M. Best than Sagicor. Sagicor, however, holds a higher rating from the Better Business Bureau.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Mar 15, 2024
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 provider and cannot guarantee quotes from any single provider.
Our 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 on this page 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.
UPDATED: Mar 15, 2024
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 provider and cannot guarantee quotes from any single provider.
Our 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 on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Lincoln Life Insurance Company offers more affordable rates to men of various ages than Sagicor
- Lincoln holds a higher A.M. Best rating
- Sagicor offers more affordable rates to women of various ages than Lincoln
- Sagicor holds a higher Better Business Bureau rating
Part of what makes comparing life insurance companies difficult is the sheer number of options on the market. To simplify matters, we will be focusing on Lincoln vs. Sagicor life insurance companies today.
Our Sagicor and Lincoln Financial Group life insurance review will cover the term life insurance rates offered to men and women of various ages. Also covered will be ratings from both the BBB and A.M. Best.
Before we dive into our Lincoln vs. Sagicor life insurance comparison, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.
Lincoln vs. Sagicor: Which company offers more affordable life insurance rates to men?
The simplest place to start when comparing two companies is pricing. Let’s look at a table that compares Lincoln vs. Sagicor monthly term life insurance rates for men.
Lincoln vs. Others: Sample Rates for Males| Companies | Male Age: 30 Average Monthly Rates | Male Age: 40 Average Monthly Rates | Male Age: 50 Average Monthly Rates | Male Age: 60 Average Monthly Rates |
|---|---|---|---|---|
| Lincoln National | $12.34 | $15.22 | $30.96 | $71.95 |
| Mutual of Omaha | $13.33 | $19.35 | $33.33 | $80.84 |
| Nassau Life | $17.43 | $26.15 | $51.69 | $119.78 |
| Nationwide | $13.56 | $16.41 | $32.59 | $86.41 |
| North American | $12.98 | $16.50 | $31.90 | $77.44 |
| Principal | $12.69 | $15.80 | $31.15 | $71.97 |
| Protective | $11.62 | $14.78 | $30.07 | $69.90 |
| Prudential | $21.88 | $25.60 | $38.07 | $79.41 |
| Sagicor | $12.60 | $17.07 | $43.59 | $103.05 |
| SBLI | $11.80 | $14.53 | $31.88 | $75.61 |
| Transamerica | $13.33 | $20.21 | $40.21 | $101.91 |
How easy is it to find affordable Lincoln vs. Sagicor life insurance quotes? As you can see, rates are essentially tied for men in their 30s.
Men in their 40s, however, pay nearly $2 more per month with Sagicor. How about men in their 50s? For this age range, Sagicor is almost $13 more per month.
Lastly, for men in their 60s, Lincoln is over $31 cheaper per month than Sagicor for a term life insurance policy.
Our Lincoln vs. Sagicor life insurance review has shown us that Lincoln is the cheaper company for men.
Term Life Insurance Policy Specifications
Since we know that Lincoln is the cheaper company for men, let’s take a closer look at Lincoln’s TermAccel policy. Pay particular note to term periods and death benefits.
Lincoln Financial TermAccel| Issue Ages: | 18 - 60 |
| Coverage Options: | Term Life Insurance |
| Death Benefit Amounts: | $100,000 - $1,000,000 |
| Health Classes: | Preferred Plus, Preferred, Standard Plus & Standard |
| Application Type: | Online |
| Telephone Interview: | Yes |
| Exam Potential: | Could be required |
| Underwriting: | MIB, MVR, Prescription History |
| Fastest Approval Time: | 2 - 7 Business Days |
It is very much worth being aware of your specific needs prior to choosing not only a company, but a company’s specific coverage form. No two companies offer the exact same product line.
Now that we have some more details about Lincoln’s coverage, let’s see if it can retain its lead when we analyze the rates offered to women of various ages.
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Which company offers more affordable rates to women?
Let’s now take a look at a table comparing Lincoln vs. Sagicor monthly term life insurance rates for women.
Lincoln vs. Others: Sample Rates for Females| Companies | Female Age: 30 Average Monthly Rates | Female Age: 40 Average Monthly Rates | Female Age: 50 Average Monthly Rates | Female Age: 60 Average Monthly Rates |
|---|---|---|---|---|
| Lincoln National | $16.10 | $21.22 | $37.41 | $74.81 |
| Mutual of Omaha | $11.61 | $16.56 | $27.31 | $57.19 |
| Nassau Life | $16.14 | $22.52 | $42.11 | $89.06 |
| Nationwide | $13.34 | $16.19 | $27.13 | $61.69 |
| North American | $11.66 | $14.96 | $26.62 | $54.34 |
| Principal | $11.27 | $14.39 | $25.94 | $51.41 |
| Protective | $10.43 | $13.31 | $25.12 | $49.88 |
| Prudential | $17.72 | $21.22 | $37.63 | $59.07 |
| Sagicor | $10.95 | $15.10 | $36.75 | $63.78 |
| SBLI | $10.38 | $13.08 | $26.72 | $53.85 |
| Transamerica | $12.26 | $17.63 | $32.25 | $81.06 |
Is Lincoln cheaper for women just as it was for men? Women in their 30s will be paying over $5 more per month with Lincoln.
Does this reversal continue for women in their 40s? Yes, though for this category Lincoln is over $6 more expensive per month than Sagicor.
Women in their 50s pay just about the same with either company. However, women in their 60s pay over $11 more per month with Lincoln National.
We now know that Sagicor is the cheaper company for women. Let’s take a look at the ratings from the Better Business Bureau and A.M. Best to see if the current tie can be broken.
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Lincoln vs. Sagicor: Which company is more well-reviewed?
To wrap up, let’s look at the ratings given to these two companies by A.M. Best. These Financial Strength Ratings (FSR) give potential insured confidence in an insurer’s ability to meet its financial obligations.
Let’s take a look at a table that compare the ratings given to major life insurance companies by A.M. Best.
List of the Top 25 Life Insurance Companies in the U.S.| Life Insurance Company | A.M. Best Rating | No Medical Exam Option |
|---|---|---|
| AIG | A | No |
| ANICO | A | Yes |
| Assurity | A- | Yes |
| Banner Life | A+ | Yes |
| Cincinnati Life | A | No |
| Fidelity | A- | Yes |
| Foresters | A | Yes |
| Gerber Life | A | Yes |
| John Hancock | A+ | Yes |
| Lincoln Financial | A+ | Yes |
| MetLife (Brighthouse) | A+ | No |
| Midland National | A+ | No |
| Minnesota Life | A+ | Yes |
| Mutual of Omaha | A+ | Yes |
| Nationwide | A+ | No |
| North American Company | A+ | No |
| Pacific Life | A+ | Yes |
| Principal | A+ | Yes |
| Protective | A+ | No |
| Prudential | A+ | No |
| Sagicor | A- | Yes |
| SBLI | A+ | Yes |
| Symetra | A | No |
| Transamerica | A+ | Yes |
| VOYA | A | No |
Lincoln received rating of “A+” (Superior), which is the second-highest rating given by A.M. Best.
What rating did A.M. Best give to Sagicor? Sagicor received a lower rating of “A-.”
The Better Business Bureau is another organization that can provide security in one’s choice of insurance provider.
Lincoln Financial Group received the Better Business Bureau’s lowest possible rating of “F.” Furthermore, Lincoln Financial Group does not hold BBB accreditation.
How did Sagicor fare in comprison? Sagicor received a sterling rating of “A+” from the Better Business Bureau.
Furthermore, on top of holding the Better Business Bureau’s highest rating, Sagicor holds BBB accreditation.
In conclusion, Lincoln offers more affordable rates to men while Sagicor offers more affordable rates to women. Furthermore, Lincoln holds a higher rating from A.M. Best while Sagicor holds a higher BBB rating.
We hope you’ve learned all you needed to decide whether to buy Lincoln vs. Sagicor life insurance. Type your ZIP code into our free and helpful tool below to find affordable quotes in your area.
Read more:
- Lincoln vs. Securian Financial: Top Life Insurance
- Lincoln vs. State Farm: Top Life Insurance
- Lincoln vs. Transamerica: Top Life Insurance
Frequently Asked Questions: Lincoln vs. Sagicor Life Insurance
What follows are a couple of commonly asked questions about these two companies.
#1 – What is the Sagicor Life Insurance address?
The head office is located at the Cecil F De Caires Building in Wildey, St. Michael, Barbados.
#2 – What are the Lincoln Life Insurance contact options and what is the Lincoln Life Insurance customer service number?
The customer service department can be reached at 800-487-1485. You can also email [email protected].
Your one-stop online guide for life insurance quotes. Get free quotes now!
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
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.