Sagicor offers annuity, life insurance combo

A new combo package being offered by Sagicor Life Insurance Company gives clients the opportunity to efficiently transfer assets while gaining life insurance protection.

The new product allows clients to use the company’s Gold Series Single Premium Immediate Annuity to purchase its Fixed Indexed 7 Pay Whole Life Insurance Policy. Clients receive a life insurance policy with guaranteed benefits, and, in most states, the policy includes an accelerated death benefit for chronic illness or a terminal condition. Clients have access to the cash value, though interest charges and additional fees may apply.