Page Reviewed / Updated – June 5, 2022

Best for Quick Application Process

Sagicor Life’s Sage Whole Life Burial Insurance is a life insurance plan that allows the policyholder to build cash value over time. Sagicor Life is one of the top-rated insurance companies in America. It’s known for its quick application time that bypasses the typical process of speaking with an insurance agent over the phone. Instead, the company uses Accelewriting® software to provide an instant decision on a customers’ application. 

The quick approval times and the vast range of coverage available make this a useful insurance policy for young adults and middle-aged individuals. Anyone over the age of 65 must undergo a full underwriting process, in which they must answer some health questions. 

Pros and Cons of Sagicor Life’s Burial Insurance 


  • Broad age range, with underwriting starting at 18 years old
  • No mandatory waiting period 
  • No medical exam required 
  • High cap on the death benefit, maximum of $250,000
  • Quick approval process
  • Builds cash value over time 


  • Lowest coverage amount is $25,000 (not budget-friendly)
  • Some health questions 

Overview of Sagicor Life’s Burial Insurance

Sagicor Life’s Sage Whole Life Burial Insurance coverage is available to anyone aged 18 and over, making it one of the most accessible coverage options on the market. However, individuals 18 to 65 enjoy a quick, automated underwriting process, while applicants 65 and over are fully underwritten and must answer more questions about their health. The amount of coverage available through this plan is high for a policy that requires no medical exam.

Eligible Ages Approval Process Death Benefit Amount Waiting Period Policy Maturity
Sage Whole Life 18-65 automated underwriting — Over 65 Fully Underwritten Process No Medical Exam — Some Health Questions $25,000-$250,000 None 121

How Much Does Sagicor Life’s Burial Insurance Cost? 

Sagicor Life’s Sage Whole Life Burial Insurance ranges in cost depending on the amount of coverage the applicant wants. A higher coverage amount results in more expensive premiums, while a lower coverage amount is more affordable. Once the applicant’s application is approved, and they begin paying, their premium rate is fixed for life. 

However, these premium costs can increase or decrease based on several other factors. Applicants aged 65 or above must undergo the interview process as part of their application, and health conditions that put them at a higher risk of death may result in more expensive premiums. Once the policy is in place, the premium amount only changes if the policyholder makes adjustments to their coverage by altering the policy amount or payment schedule. 

Eligibility, Plan Details & Other Information 

Eligibility Requirements

There are limited eligibility requirements to receive approval for Sagicor Life’s Sage Whole Life Burial Insurance. Applicants must be between the ages of 18 and 65 for quick, automated approval with no questions asked. If applicants are older than 65, they can still apply for the coverage but will undergo a more extensive underwriting process with interviews and questions regarding their health. Anyone who qualifies for coverage can request approval for insurance between $25,000 and $250,000, depending on their needs. 

Automated Underwriting

The underwriting process is quick and convenient thanks to Sagicor Life’s innovative software, Accelewriting®. This method of underwriting means applicants receive an approval decision within minutes, so they set up their coverage faster. The Accelewriting® process is only for applicants ages 18 to 65.

Rates and Policy Duration

All premium rates are guaranteed to remain level and fixed once the policy takes effect, ensuring payments are predictable long-term. The policy is a whole life coverage insurance, so it covers the policyholder until their death. However, the policy matures when the policyholder turns 121 years old. At this time, they no longer pay premiums, but they receive the payout they agreed upon at the time of purchase. 

Cash Value 

The Sage Whole Life Burial Insurance policy from Sagicor Life has the benefit of building cash value over time. The cash value accumulates on a tax-deferred basis as the policy ages. This means that if the applicant ever needs to borrow against their policy or is in a financial emergency, they have access to funds. 

Optional Riders

One inherent rider is included in the whole life insurance policy at no additional cost — the Accelerated Benefit Insurance Rider. This inherent rider is free of charge and applies if the policyholder is diagnosed with a terminal illness. If this happens, the policyholder can receive an early payout of their coverage amount if they pay a one-time administrative fee. 

Applicants can also customize their coverage using optional riders, such as the Accidental Death Benefit Rider, the Children’s Term Rider or the Waiver of Premium Rider. The Accidental Death Benefit Rider gives an additional payout to beneficiaries if the policyholder dies as a result of an accident covered under the policy. The Children’s Term Rider offers life insurance for the policyholder’s children from 15 days old to 19 years old. The coverage lasts until the child turns 25 or gets married, whichever is first. If, when the coverage ends, the child wants to apply for an adult life insurance policy, they can receive coverage for up to five times the original amount, regardless of their health status. The policyholder can protect themselves with the Waiver of Premium Rider, which waives their monthly payments if they become disabled. 

Application Process

For anyone aged 18 to 65, the application process for Sagicor Life’s Sage Whole Life Burial Insurance is quick, with an approval decision within minutes. Applicants must complete the eApplication (policy eDelivery is available). Then, Sagicor Life uses an automated process via Accelewriting® software to access the application and grant an approval decision. Multiple health classifications are available. No medical exams, statements from the applicant’s physician or phone interviews are necessary. 

Applicants who are older than 65 still apply using the eApplication, but they must undergo the full underwriting process. This means manual processing of the application and phone interviews with insurance agents before approval can be granted. 

Who Should Consider Sagicor Life’s Burial Insurance? 

New Parents 

Sagicor Life’s Sage Whole Life Burial Insurance is one of the few whole life insurance policies with no medical exam that offers coverage to people younger than 45 or 50 years old. Young parents in their 20s or 30s can take advantage of this simple process to lock in affordable rates and obtain coverage that protects their children in the event of the parent’s death. 

Adults Preparing for Retirement

Since Sagicor Life’s Accelewriting® process isn’t available to those over 65, it’s a good idea for older adults who are approaching retirement to get their application in before they officially become seniors. This ensures they have the protection they need as they age while still taking advantage of the quick and easy approval process.

What Are People Saying About Sagicor Life’s Burial Insurance?

In their testimonial, one couple from Arizona who have been clients of Sagicor Life for 33 years stated they’re happy with their coverage. Their goal in purchasing a Sagicor Premium Policy was to have a package of money to leave to their grandchildren, who are the beneficiaries. They purchased their policy because they had a previous good experience with Sagicor when dealing with the death of one of their parents, and they found the new insurance products attractive. They appreciate the ability to borrow from the policy if they’re in a financial bind. 

A young Kansas couple benefitted from the husband’s parents’ foresight in purchasing life insurance through Sagicor. As the beneficiary of this policy, the husband said Sagicor was very helpful after his father’s death. The company sent a letter with detailed information on the next steps and was supportive throughout the claims process. 

Frequently Asked Questions

What Does Burial Insurance Cover? 

Burial insurance can pay for funeral expenses, burial costs and the policyholder’s unpaid debts, or it can help loved ones financially. 

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What Type of Insurance Covers Burials? 

Burial insurance or life insurance are the types of policies to look for when seeking coverage for burial services. 

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How Do You Buy Burial Insurance? 

Individuals can buy burial insurance by selecting an insurance company they want coverage from and visiting their website. Typically, the individual requests an online quote and then either mails in a completed application form or fills out and submits the form online. 

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Do Burial Insurance Policies Have a Cash Value? 

Some burial insurance policies have a cash value, meaning the policy builds equity that the policyholder can borrow against, like a loan, over time. 

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How Does Burial Insurance Work? 

The insurance company pays out the agreed-upon amount to the policyholder’s chosen beneficiaries after they pass away. 

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