Occidental Life Insurance Company of North Carolina offers a variety of high-quality, reliable life insurance plans at affordable rates to meet the unique needs of each client. Their key plans include Whole Life Insurance, Universal Life Insurance, and Term Life Insurance.
With a strong commitment to serving their clients, Occidental Life provides numerous options and policies to fit various needs. They offer personalized services so each customer has peace of mind when it comes to their finances. Their main policies include Whole Life Insurance, Universal Life Insurance, and Term Life Insurance.
Whole Life Insurance:
Occidental Life Insurance Company of North Carolina delivers high-quality Whole Life Insurance policies at competitive prices. Whole Life Insurance packages offer coverage for the policyholder’s entire life.
Clients will enjoy security and predictability with fixed premiums, cash value accumulation, and a guaranteed death benefit.
Whole life insurance is ideal for customers looking for lifelong coverage with the added advantage of accumulating cash value over time. This can serve as an emergency fund or supplemental retirement funds. This policy is ideal for clients who prefer certainty with fixed premiums and guaranteed death benefits.
Universal Life Insurance:
Occidental Life’s Universal Life Insurance policies offer a more flexible type of permanent life insurance. Policyholders can adjust their premiums and death benefits within certain limits. This policy also includes a cash value component which can grow over time.
Universal life insurance is ideal for those specifically looking to build cash value that can grow over time and be used for future financial needs. Clients with changing financial circumstances or large estates will also gain from a universal life insurance plan.
Term Life Insurance:
Occidental Life’s Term Life Insurance policies offer coverage for a specific period of time, typically ranging from 10 to 30 years. If the policyholder passes within this term, the assignee receives the death benefit. If they outlive the term, the policy will expire without any payout, unless the policyholder opts for a return-of-premium policy.
Term Life Insurance is a popular option for those looking for lower premiums. This type of policy is ideal for individuals who need high coverage for their financial dependents at an affordable price. Those who are raising children or paying off debts can protect their families in the event of premature death.
Final Expense Insurance:
Occidental Life’s Final Expense Insurance policies are designed specifically to cover end-of-life expenses. This policy is an affordable option for seniors or this with health issues who are looking for coverage for often unexpected costs.
The death benefit is typically smaller than other insurance options, but so are the premiums. Policyholders will have peace of mind knowing their loved ones will have the funds needed to pay for these final expenses.
