Sagicor Annuity Review (2026)

Sagicor's financial strength and background

Sagicor Life Insurance Company's roots trace back to 1840 through its Caribbean parent, with the U.S. entity chartered in 1954. Today it is headquartered in Scottsdale, Arizona, domiciled for regulatory purposes in Texas, and owned by Sagicor Financial Corporation Limited, which trades publicly on the Toronto Stock Exchange under the ticker SFC.

AM Best affirmed Sagicor Life at A- (Excellent) in April 2025, then upgraded it to A (Excellent) in July 2026 with a stable outlook. That grade reflects a good capacity to meet policyholder obligations, and for annuity purposes it is the rating that matters most. Separately, S&P assigns the parent holding company a BB+ credit rating, which falls below investment grade on S&P's scale. That figure describes the parent's corporate debt, not the insurance subsidiary's claims-paying ability, but it is worth knowing about since it is a lower grade than the AM Best number implies on its own.

What stands out most about Sagicor is not its rating but its service record. On more than $910 million in annual annuity premium, the company posts an NAIC complaint index of just 0.19, meaning it draws roughly a fifth of the complaints per premium dollar that an average carrier receives. That is a meaningfully strong track record and worth weighing alongside the rating itself.

What annuities does Sagicor sell?

• Milestone MYGA is sold only in California, in 3- to 7-year terms with a $15,000 minimum. It allows a 10% free withdrawal each year starting in year two, and a market value adjustment applies to anything withdrawn beyond that.
• Milestone Max MYGA covers the other 45 states plus D.C., again in 3- to 7-year terms, but with a $25,000 minimum and two rate tiers split at the $75,000 mark. The higher tier often prices among the more competitive 5- and 6-year MYGA rates available.
• Sage Accumulator is a fixed index annuity with 5-, 7- and 10-year surrender options, crediting off the S&P 500 plus three BlackRock iShares ETFs. It carries a true zero floor, charges no annual fee, and requires a $25,000 minimum with a maximum issue age of 85.
• Sage Choice is Sagicor's traditional fixed annuity: a 6-year guarantee period, a $2,000 minimum that is unusually low for the category, built-in nursing home and terminal illness waivers, and a maximum issue age of 90.
• The single premium immediate annuity starts at a $5,000 minimum and stands out for one uncommon feature: it lets you pull as much as 30% of the contract's value in a single withdrawal while the guarantee period is still running.

Who is Sagicor best for?

• Older applicants, roughly ages 75 to 90, who have aged out of other carriers' limits. Sagicor's issue age ceiling of 90 is among the most generous in the market.
• Small-premium buyers. The $2,000 minimum on Sage Choice opens the door to modest IRA contributions that most MYGA issuers would turn away.
• SPIA buyers who want some liquidity. The 30% withdrawal feature is rare among immediate annuities and useful if an emergency comes up after income has started.
• Rate-focused buyers outside California who want an A rated MYGA with pricing tiers that reward a larger deposit.

Availability and state restrictions

Sagicor is not licensed everywhere. It operates in 45 states plus Washington, D.C., and Milestone Max specifically is unavailable in California, where residents must use the lower-minimum Milestone product instead. If you live in one of the handful of states where Sagicor does not do business, you will need to compare a different carrier's MYGA or FIA lineup.