Wealth Building
A 25-year-old sat across from me and said insurance could wait until he had more money. I asked him what he thought a dollar today would be worth by the time he turned 65. He guessed less. He had no idea how much less.
Call him Kevon, an illustrative example built on a real Sagicor Saver Series Endowment to Age 65 illustration for a 25-year-old, non-smoking male. He commits $2,793.65 a month for 40 years, from 2026 to 2066. The plan isn't tied to the stock market and it isn't a projection that shifts with interest rates. The Sum Assured is fixed by contract at $3,959,260, guaranteed, payable at 65 or earlier if he dies before then.
Over 40 years, Kevon pays in $1,340,952 total. At 65, the policy guarantees $3,959,260, close to three times what he put in, in nominal dollars.
$2,793.65 a month is real money, and it's fair to ask whether that's realistic. The average accountant in Trinidad earns around $11,829 a month before tax, which puts this premium at close to a quarter of that paycheck. Not every 25-year-old should commit that much to one policy. The Sum Assured scales up or down, a smaller guarantee means a smaller premium, and the same math still holds, just sized to an actual budget instead of an illustration built to show the ceiling.
Is $3,959,260 in 2066 worth the same as $3,959,260 today? No. At 3.5% inflation, a dollar today needs to grow to roughly $3.96 by 2066 just to buy what it buys now. Divide the guaranteed payout by that same 3.96, and it lands close to $1,000,000 in today's purchasing power.
Most people never run that second calculation. They either treat $3.9 million as if it will spend like $3.9 million does today, or they hear the word inflation and assume the whole plan is pointless. Neither is true. A guaranteed $1,000,000 in today's money, protected from market swings, funded by less than $2,794 a month starting at 25, is still real money. And Kevon's family is protected by that same $3,959,260 death benefit from year one, long before the policy ever matures.
A fair question is why put this money into a guaranteed plan instead of a stock portfolio that might grow faster over 40 years. It might. It might also come up short. A 40-year stretch includes downturns nobody can time from age 25, and a market portfolio doesn't promise a number at 65 the way this policy does. The Sagicor Saver Series plays a different role than a stock portfolio. It's built to guarantee a floor no market cycle can take away, with the death benefit protecting Kevon's family from year one regardless of what markets are doing.
The premium is set the day the policy starts, based on age at entry. Wait five or ten years, and the same guarantee costs more every month, because there are fewer years left to fund it. Twenty-five isn't a magic number. It's just the cheapest this particular guarantee will ever be for Kevon.
These are Kevon's numbers, built from a real Sagicor illustration for a 25-year-old, non-smoking male. Yours will look different based on your age, your health, and what you're trying to guarantee for your own retirement or your own family. Book a free consultation at daronjacobsfinancial.com and I'll run your own illustration the same way, so you're looking at your numbers instead of someone else's.
Kevon is an illustrative example, not a real client. The figures are drawn from an actual Sagicor Saver Series Endowment to Age 65 rate illustration for a 25-year-old, non-smoking male, dated August 2026.
Daron Jacobs, RFC, FSCP
Senior Financial Advisor
Daron Jacobs Financial Limited
1-868-759-8359
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