JULY 2023 | THE SAGICOR MINUTE
THE SAGICOR MINUTE
This month, we discuss the appeal of Sage IUL, surprising data about Millennials’ investment choices, updates on our annuity app and opportunities with business owners.
SALES
Sage IUL: A wise choice for retirement savers 

Anxiety levels are rising among Americans saving for retirement, with only 43% saying they believe they’ll have enough income to retire comfortably.1 If your clients are looking to diversify their retirement portfolio with an extra source of tax-free income, Sage Indexed Universal Life (IUL) Insurance can help.2 Get the conversation started with this case study featuring a 40-year old woman with a successful career seeking flexible coverage that can grow with her. 
RATES
Get $ off the sidelines with Milestone MYGA 

Fearing market losses, current retirement savers are allocating more of their savings to cash, leaving them vulnerable to inflation. Surprisingly, working Millennials have 33% of their retirement savings in cash, compared to workers aged 45+, who have 29% of their holdings in cash.3 

Make sure your Millennial clients know they don’t have to sacrifice growth for the safety of principal protection. Our Milestone Multi-Year Guaranteed Single Premium Deferred Annuity (Milestone MYGA) still offers a top interest crediting rate of 5.00% for 5, 6 or 7 contract years.4 
TIPS & TRICKS
Latest annuity application updates 

We recently enhanced our annuity application process to make it easier, faster and more convenient for you and your clients. To ensure you don’t experience any service delays, review these key details. 
DID YOU KNOW
Employee Retention Credit (ERC) creates opportunities with small biz owners 

Many small business owners will be receiving ERC tax refunds in the coming months. Since these payments are considered a tax credit, there are no limits on how the funds can be used. If you work with business owners, they may want to consider Sage IUL as a way to fund a buy-sell agreement, key person insurance or Section 162 Bonus Plan.
For more information, please call the Producer Resource Center at
888-724-4267, ext. 4680.

Visit us online at SagicorProducer.com.


1Brenan, Megan. “Americans’ Outlook for Their Retirement Has Worsened.” Gallup.com, May 25, 2023.
2Loans and withdrawals from non-Modified Endowment Contract (MEC) life insurance policies are a tax-free return of basis and are not taxed as distributions for so long as the contract stays in force. MEC policies are taxed differently.
3Schroders, PLC. “2023 U.S. Retirement Survey.” April 1, 2023.
4Years referenced are contract year terms. Interest rates current as of May 11, 2023. Current rates are subject to change at any time and at the discretion of the Company. Milestone MYGA’s Guaranteed Minimum Interest Rate, following the Initial Guaranteed Interest Rate, is currently 1.25%.
 
Products issued by Sagicor Life Insurance Company. Home Office: Scottsdale, AZ. Products not available in all states, and state variations may apply. Sagicor does not provide tax or estate planning advice. Your client(s) should consult with their tax advisor(s). Annuities and life insurance products have limitations and restrictions, including surrender charges. Sagicor issues other fixed annuities and life insurance products with similar features, benefits, limitations and restrictions. Contact Sagicor for more information. Policy Forms: ICC171017, 1017CA, 1017FL, 1017 and 1017ND. Contract Forms: ICC173008, 3008, 3008FL and 3008ND.

Sagicor is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings), affirmed as of November 4, 2021. Rating and guarantees based on the claims-paying ability of Sagicor Life Insurance Company. 

Insurance Professional Only. No Public Distribution.

SMN-2307 | July 12, 2023