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Occidental Life Insurance coverage Evaluate [2022]

Rachael Brennan has been working within the insurance coverage trade since 2006 when she started working as a licensed insurance coverage consultant for twenty first Century Insurance coverage, throughout which period she earned her Property and Casualty license in all 50 states.
After a number of years she expanded her insurance coverage experience, incomes her license in Well being and AD&D insurance coverage as properly. She has labored for small well being in…

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Benjamin Carr was a licensed insurance coverage agent in Georgia and has two years’ expertise in life, well being, property and casualty protection. He has labored with State Farm and different danger administration corporations. He’s additionally a strategic author and editor with a background in branding, advertising and marketing, and high quality assurance. He has been in navy newsrooms — actually on the frontline of journalism.

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Reviewed by

Benji Carr

Former Licensed Life Insurance coverage Agent

UPDATED: Jan 27, 2022

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Fast Details

  • Occidental Life Insurance coverage gives time period life, common life, and entire life insurance coverage
  • Occidental Life Insurance coverage affords numerous riders
  • Occidental Life Insurance coverage has been rated an A by A.M. Finest

Occidental Life Insurance coverage gives time period and everlasting life insurance coverage insurance policies to prospects in all 50 states. As well as, the corporate affords a number of choices that prospects can add to a plan and is rated an A by A.M. Finest.

Discovering extra about Occidental Life Insurance coverage will assist you decide if the corporate is best for you.

Earlier than beginning this Occidental Life Insurance coverage assessment, enter your ZIP code to get free life insurance coverage quotes in your space.

How does Occidental Life Insurance coverage decide charges?

Life insurance coverage firms use a number of various factors when figuring out charges. The purpose is to estimate whether or not the policyholder will move away earlier than paying off the coverage. A number of the widespread elements firms use to find out charges embody:

  • Age
  • Gender
  • Well being
  • Occupation
  • Hobbies

Occidental doesn’t present charges or quotes for patrons on-line. As a substitute, the corporate requires prospects to contact an impartial agent to inquire about life insurance coverage choices. The agent will assist you decide the very best plan to your wants.

When talking with a consultant, you’ll have to reply numerous questions on your loved ones, medical historical past, occupation, hobbies, and life-style. The consultant will use these solutions that can assist you discover inexpensive Occidental Life Insurance coverage charges.

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What merchandise are provided by Occidental Life Insurance coverage?

Occidental gives time period life, common life, and entire life insurance coverage. The corporate absolutely underwrites all insurance policies, so prospects need to reply medical questions and endure a medical examination to acquire protection.

The corporate’s time period life insurance policies can be found in 10, 20, and 30-year phrases. Protection ranges from $25,000 to $300,000, and insurance policies are renewable following expiration. Moreover, prospects can convert to an entire life coverage on the finish of a time period.

Prospects that want a everlasting life plan with flexibility can select common life insurance coverage. This sort of protection has versatile charges, and prospects can change the demise profit over time. Nevertheless, the utmost worth of this coverage is $250,000.

Whereas Occidental Life Insurance coverage solely affords one kind of common life insurance coverage, three entire life choices can be found. The Household Selection plan is for patrons 49 years outdated and youthful. The utmost worth is often $35,000, but it surely relies on the insured’s age.

The Monetary Lifeline plan is a modified entire life coverage, leading to decrease charges for the primary two or three years and better charges over time. The money worth accumulations can be found in annuities, and the utmost worth is $150,000.

The Occidental Senior Selection coverage is a ultimate expense plan. This feature is on the market for between 50 and 85 and has a most worth of $35,000. As a substitute of offering monetary help for family members, this plan pays for funeral and burial bills.

Does Occidental Life Insurance coverage provide riders?

Along with customary insurance policies, most life insurance coverage firms provide choices that prospects can add to a coverage. These choices are referred to as riders and permit policyholders to customise their insurance policies.

The most typical life insurance coverage choice is the accelerated demise advantages rider. This feature is included with some insurance policies and permits prospects to entry a portion of their demise profit earlier than demise in the event that they undergo from a terminal sickness.

Whereas the accelerated demise advantages rider is on the market freed from value, Occidental Life Insurance coverage gives different elective riders for a charge. A standard addition is unintended demise life insurance coverage, which gives a payout when the insured dies of an accident.

Different elective riders embody:

  • Accelerated profit for confined care
  • Kids’s insurance coverage
  • Return of premium
  • Waiver of premium
  • Waiver of a premium as a consequence of unemployment

These elective riders provide additional safety, offering a payout when an ordinary plan wouldn’t. Nevertheless, including elective riders to insurance policies will increase Occidental Life Insurance coverage quotes.

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How is Occidental Life Insurance coverage rated?

Insurance coverage firms are recurrently reviewed and rated primarily based on monetary energy. Credit standing businesses use these rankings to find out the corporate’s capacity to offer a payout when prospects file a declare.

Occidental Life Insurance coverage has been rated an A by A.M. Finest, essentially the most trusted ranking company. This ranking is great and signifies that the corporate will present a payout each time a buyer recordsdata a declare.

The Higher Enterprise Bureau (BBB) has additionally reviewed the corporate, ranking its enterprise practices. Occidental has been rated an A+ by the BBB, indicating that the corporate is clear with prospects.

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Does Occidental Life Insurance coverage have any complaints?

Analyzing the complaints of insurance coverage firms helps prospects decide their high quality of service. The Higher Enterprise Bureau (BBB) and the Nationwide Affiliation of Insurance coverage Commissioners (NAIC) critiques complaints made about firms.

On the time of this assessment, the BBB has obtained three complaints about Occidental over the past three years. Two of those complaints have been concerning the firm’s services, and the opposite was about Occidental’s promoting or gross sales.

In accordance with the NAIC, Occidental has obtained three complaints. The corporate’s grievance index ratio is 1.73, indicating barely extra complaints than an organization of the same measurement.

How are you going to contact Occidental Life Insurance coverage?

Occidental permits prospects to contact the corporate by telephone, fax, or e-mail. Prospects can use these strategies to purchase Occidental Life Insurance coverage, ask questions, and file complaints or claims.

The quickest method to attain Occidental Life Insurance coverage is by telephone at 800-736-7311. The corporate greets callers with a menu that connects them with the right division. A consultant will then assist with no matter job they should full.

Prospects also can attain Occidental Life Insurance coverage by fax. Nevertheless, not like calling the corporate, Occidental has three completely different fax numbers. The proper choice relies on why you’re calling the corporate. The fax numbers for Occidental are:

  • Primary: 254-297-2105
  • Claims: 254-297-2756
  • Gross sales: 254-297-2709

The third method to contact Occidental is by e-mail. Like faxing, emailing the corporate will take longer to get a reply than by telephone. Nevertheless, this is likely to be needed should you’re required to ship extra documentation to your coverage or declare.

The e-mail addresses for Occidental are:

Occidental’s contact info is thru its guardian firm, the American Amicable Group. In the event you’re uncertain concerning the right fax quantity or e-mail deal with, calling the corporate telephone quantity will can help you converse with a consultant.

Who’s Occidental Life Insurance coverage?

The Occidental Life Insurance coverage Firm of North Carolina started in 1906 in New Mexico. The corporate moved its headquarters to Raleigh, North Carolina in 1926, including North Carolina to its title.

The American Amicable Group would ultimately purchase the corporate. Along with Occidental Life Insurance coverage, the American Amicable Group of Firms owns:

  • American Amicable Life Insurance coverage Firm
  • Pioneer American Insurance coverage Firm
  • Pioneer Safety Life Insurance coverage Firm
  • IA Life Insurance coverage Firm

The Occidental Life Insurance coverage headquarters at the moment are in Waco, Texas, with the opposite American Amicable firms. The corporate nonetheless gives life insurance coverage however has expanded into all 50 states.

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Occidental Life Insurance coverage: The Backside Line

Occidental gives time period life, common life, and entire life insurance coverage to prospects all through the US. Part of the American Amicable Group, the corporate has robust monetary backing and is rated an A by A.M. Finest.

Understanding extra about Occidental Life Insurance coverage will assist you decide if the corporate is an effective match.

Now that you already know about Occidental Life Insurance coverage, enter your ZIP code to seek out free life insurance coverage charges in your space.



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