Anyone Know Or Use This Health Insurance Company

[vagabond48]

I posted this in another thread but got no reply. I wasn't sure if it got ignored because the thread has been around for awhile, so, sorry for the double inquiry.

Does anyone know about or use HealthCare International Global Limited who is underwritten by Sagicor?

Their premiums are so inexpensive, I wonder how they can be profitable. Sagicor is rated A (excellent) by A.M. BEST but it is a fairly small insurance company at about $250 million out of Barbados.

The premium for a 56 - 60 age group is $526/year with a $2000 deductible per new event or $1179/year with a $1000 deductible per new event.

Any information regarding them would be greatly appreciated.

Edited January 24, 2008 by vagabond48

[junkofdavid2]

I posted this in another thread but got no reply. I wasn't sure if it got ignored because the thread has been around for awhile, so, sorry for the double inquiry.

Does anyone know about or use HealthCare International Global Limited who is underwritten by Sagicor?

Their premiums are so inexpensive, I wonder how they can be profitable. Sagicor is rated A (excellent) by A.M. BEST but it is a fairly small insurance company at about $250 million out of Barbados.

The premium for a 56 - 60 age group is $526/year with a $2000 deductible per new event or $1179/year with a $1000 deductible per new event.

Any information regarding them would be greatly appreciated.

Looks interesting. Please PM me the link so I can check it out and tell you what I think.

Sagicor seems to have a BBB+ credit rating by Moody's.

In any given year, 0.2% of companies with a Moody's BBB rating default on their obligations according to this analysis:

http://www.efalken.com/banking/html's/defaultcurves.htm

Cheers