You might be wondering, ?Hey, didn?t Sagicor say they were changing something about the Sage Advantage.? Well it didn?t change; they ?tweaked? it. The Sage Advantage is simply evolving into, in our opinion, a better product. This new product will be called the Sage Select, and SilverSide is here to provide the major details of the switch.
Welcome to another Power 3 Product Review! This time we’re going to be reviewing some of the top rated term life insurance plans available on the market, and looking at how trends have changed with Aaron Udell.
Sagicor Sage Advantage?Fixed Indexed Annuity Review
We have been asked about the Sagicor Sage Advantage Fixed Indexed Single Premium Deferred Annuity at great length for the past few months. Our goal in this review is to give you (the insurance agent) the basic features of how this product works and how it can benefit you in your business.
How Does The Sagicor Sage Advantage Product Work?
The Sagicor Sage Advantage is a 9-year decreasing surrender schedule beginning at 8%. It has a 5 percent upfront fully vested bonus and has a 2% overall contractual guarantee on 100 percent of the premium?and the bonus. This product also has a unique liquidity feature allowing the 10% annual free withdraws to accumulate to 50% if unused.
The power in this product is simply the guaranteed growth potential that will give 4-5 times the return investment when compared against a normal CD. The immediate guaranteed?5% Bonus allows for a larger growth potential, tax deferrals, plus?3 interest crediting options with a $2,000 minimum. [Read more…]
Non med, non med, non med. We keep hearing the term ?non med? thrown around, but find that it’s definition is often blurred. C?mon. We are all thinking it. How can you get life insurance (or any kind of insurance for that matter) without a professional check up or bill of health? Many times you cannot even insure your home without some sort of history or inspection. The medical exam makes sure that there are no pre-existing medical conditions, and most term life and whole life insurance policies require it. Our product partners Sagicor and Assurity have two incredible products that we recommend for anyone and everyone, exam-free!
Non Medical Qualification
Although it sounds appealing, the phrase mentioned all too often by insurance companies is ?You Cannot Be Turned Down?. If you are in decent health and looking for a great rate, this should flash the little red flag in your mind like walking onto a dealership lot filled with question-dodging, shifty car salesman. These policies, while useful for some people, are actually more of a risk than anything else. You?re buying the same coverage as someone with a possible disease or paying the the same premium as a smoker or cancer patient. Sagicor and Assurity?s ?Non Med? policies are not simply no-medical-exam products. Sagicor and Assurity’s Non Med policy don’t ignore health but have a streamlined process for determining for what level a person will qualify for. ?Visit their sites to read more about Sagicor Sage Non Med Term Life and Assurity LifeScape Non Med 350.
To briefly summarize the product highlights for each, SilverSide Insurance Marketing has assembled the following list of bullet points. Compare these benefits to those of the no-medical exam products and see the difference! Read about Assurity?s product in depth on our blog!
Sagicor Sage Non Med Term Life
- guaranteed level premium in 10, 15, or 20 year term, up to $399,000
- electronic app with immediate underwriting decision
- truly competitive ‘preferred rates’
Assurity LifeScape Non Med 350
- guaranteed level premium in 10, 15, 20 and 30 year term period, up to $350,000
- electronic app with quick underwriting decision
- good rates, generous qualification criteria up to a Table 8 Impairment
Avoid the unnecessarily delays, and simply take out a term life policy without without?an exam while taking advantage of great rates offered to healthier people. Call SilverSide Insurance Marketing today and get started with these products. 480-400-7171 | Info@SilverSideInsurance.com
Every insurance provider has at least one, but how do you choose the best one for your client?? Take a look at the Sagicor Platinum Series Sage Advantage Single Premium Deferred Annuity (SPDA).
Fixed-Indexed Single Premium Deferred Annuity
The Platinum Series Sagicor Sage Advantage SPDA is a Fixed-Indexed Single Premium Deferred Annuity available for age ranges from 15 days to 85 years old with premiums of $2K-$200K.? There are 3 crediting options which include a fixed rate, a traditional S&P annual point to point with a 4% cap, and a 3 index mixed global strategy where interest credited is calculated using 60% of the return of the best performing index plus 40% of the 2nd?best,?then a participation rate is applied.?It has a 9 year decreasing surrender schedule starting at just 8% and the minimum Guaranteed Account Value Interest Rate is 2% during the 1st year through the 13th?and 3% thereafter.
But what makes the Sagicor Sage Advantage SPDA so special?
- Extreme liquidity. The owner is allowed to withdraw, penalty free, 10% per year beginning after the 1st?year.? If the entire penalty free withdrawal isn?t used any particular year, the unused portion rolls over to the next year, eventually accumulating to a maximum of?50%.
- Bonus Interest. The owner will gain an immediate 5% Bonus Interest?vested.? This bonus is available up to 85 years old!
- Minimum Guarantee.? 2% minimum guarantee of 100% (with bonus of 105% of premium) for surrender or death.
- Market Value Adjustment.? NO MVA lets client get out without additional charge if interest rates go up.
*When you add up all of the bonuses, guarantees, free withdrawal and surrender charges, you are?guaranteed a positive walk away value?after 18 months.? What other indexed product can give you that security with upside?*
The Sagicor Sage Advantage SPDA is very competitive, extremely liquid, has strong index-based upside and protection from downside.? It is a must-have for any annuity client seeking a good guaranteed return, additional upside potential, and great liquidity.
Sagicor Life Insurance Company has a rating of A-(Excellent) from A.M. Best Company.? Sagicor has almost 60 years as a full-service life insurance company, is doing business in 44 states and District of Columbia and has assets of over $930 Million.
Get started with the Sagicor Sage Advantage SPDA today! Call your SilverSide Insurance Marketing team at 480.400.7171, or email us at Info@SilverSideInsurance.com.