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    ComplaintsforSagicor Life Insurance Company

    Life Insurance
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    View Business profileBBB accredited business

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    Complaint Details

    Note that complaint text that is displayed might not represent all complaints filed with BBB. See details.

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    Complaint Status
    Complaint Type
    • Complaint Type:
      Service or Repair Issues
      Status:
      Resolved
      Hello,My name is ***************************. My father passed away on April 23, 2022 in ******** *******. My father retired from **************************, Insurance *********** in ******* in 2020. Sagicor handled his pension payments.As part of his death benefits, pension payments would be made to his beneficiaries for a number of years. I am one of the beneficiaries. In August of 2022, my sister and I, as beneficiaries, submitted the requisite application forms to receive our portions of the pension benefits. It's been 2 months and I have been told that there is a "particular issue" with one of their departments at Sagicor and that's the reason my sister and I haven't been paid. We have received no other communication from Sagicor.The other complaint with Sagicor is that they used an incorrect hire date of **** to calculate years of service and my father's pension. My father started working at FFK in ****. My father's employer admitted in an email recently that indeed the hire date should be ****.Sagicor has not recalculated the pension or even communicated to the beneficiaries regarding the gross inaccuracies.Please help.

      Business response

      11/01/2022

      To Whom It May ******************* complaint is for Sagicor *******, which is a different entity, and Sagicor Life Insurance Company (***) does not handle complaints for Sagicor *******. I have sent the complaint information to Sagicor ******* for them to reach out to the customer.

      Please let me know if you need anything else.

      Thank you!
      *****

      Customer response

      11/02/2022

       
      Better Business Bureau:

      I have reviewed the response made by the business in reference to complaint ID ********, and find that this resolution is satisfactory to me.

      Sincerely,

      ***************************

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