Sagi­cor un­veils unique en­dow­ment plan to mark 175th an­niver­sary

The Star (St. Lucia) - - LOCAL -

To mark the launch of its 175th an­niver­sary, Sagi­cor an­nounced the launch of the Sagi­cor 175 En­dow­ment Plan, a unique lim­ited-time of­fer which rep­re­sents an­other first from the re­gional in­sur­ance leader.

Speak­ing about the ra­tio­nale for this lat­est in­no­va­tion, D. Trevor Vigo, Sagi­cor’s Vice Pres­i­dent, Sales & Mar­ket­ing, East­ern Caribbean, said the new prod­uct was de­signed to com­mem­o­rate the spe­cial an­niver­sary, while also giv­ing back to loyal cus­tomers who had been crit­i­cal to Sagi­cor’s suc­cess and growth over the years.

The Sagi­cor 175 En­dow­ment Plan pro­vides pol­i­cy­hold­ers with a ben­e­fit pay­ment af­ter 25 years. Sim­ply put, the plan not only pro­vides life in­sur­ance cov­er­age, but it also pays a lump sum at the end of the pol­icy. The ben­e­fits to Sagi­cor cus­tomers in­clude the ac­cu­mu­la­tion of cash val­ues from the fourth year on­ward that may be used as se­cu­rity for fu­ture cash re­quire­ments such as liq­ui­dat­ing mort­gage pay­ments, ed­u­ca­tion costs or even re­tire­ment in­come.

Vigo stated, “With our new 175 En­dow­ment Plan, Sagi­cor has yet again en­hanced its po­si­tion as the re­gional mar­ket leader, and scored an­other first in the process, since a plan like this - with a ma­tu­rity plus added bonus equiv­a­lent to 175% of the sum as­sured - has never be­fore been of­fered in this mar­ket.”

Em­pha­siz­ing the bonus el­e­ment, Vigo added that the new Sagi­cor prod­uct was sim­ply re­spond­ing to the needs of cus­tomers who are look­ing for fi­nan­cial plans that meet their cur­rent needs and also fa­cil­i­tate long-term fi­nan­cial plan­ning.

Sagi­cor’s se­cu­rity and sta­bil­ity as a trusted provider of wise in­vest­ments through­out its 175 year history was also un­der­scored by Vigo who noted that th­ese were qual­i­ties for which the com­pany was renowned through­out its history.

“For 175 years, Sagi­cor has been pro­vid­ing trusted in­sur­ance so­lu­tions to our clients in the East­ern Caribbean and across the re­gion. Through­out our history, se­cu­rity and sta­bil­ity have been the foun­da­tion of the com­pany, and to­day, 175 years later, we re­main com­mit­ted to pro­vid­ing our clients with so­lu­tions which re­flect pru­dent, wise fi­nan­cial think­ing.”

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