Did You Know That Life Insurance Can Offer Benefits for You?

BY Sagicor Life Posted April 28, 2020 In Sagicor Life USA Tips

When you think about life insurance, you probably associate it with income replacement or other benefits paid when someone passes on. But life insurance has evolved over the years, and now there are policies that provide other benefits you can use during your lifetime.


A cash resource

Permanent life insurance policies, including whole life, universal life and indexed universal life insurance offer tax-deferred growth opportunities that enable you to accumulate cash value for your future. You can access this cash value by taking policy loans and withdrawals. People use these policies to supplement their retirement income, help pay their children’s college tuitions or to provide another source of cash for whatever they may need.


After the stock market crash of 1929, J.C. Penney borrowed
from his life insurance policies to make company payroll.


Chronic and terminal illness protection
Because there’s a growing need for individuals to have financial protection if they would need care as a result of an unexpected health-related issue, some policies are designed to offer these living benefits to the policyowner. These benefits can help the policyowner pay expenses and protect other assets they own from being depleted.



Nearly 1 in 5 American consumers said they are likely to purchase a combination life policy offering living benefits.2



The flexibility of a return of premium

As you know, life is filled with uncertainties. No one can predict what will happen next year — no less years from now. That’s why some life insurance policies feature a return of premium. This can be a big advantage if your needs would ever change in the future. 


Talk with a financial professional about how life insurance can help you and your loved ones.

Find more information about the benefits of Sagicor’s permanent life insurance solutions, or contact us at www.sagicor.com/en-us/contact-us.


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1LIMRA®, “The Facts of Life and Annuities,” 2019 Update.
2LIFE HAPPENS®, LIMRA®, “2019 Insurance Barometer Report”.


Sagicor Life Insurance Company, home office Scottsdale, Arizona issues life insurance and annuities. Products not available in all states and state variations may apply. Products have limitations and restrictions including surrender charges. 


Form Number: 9522

Life Insurance