Occidental Life Contracting and Appointment
Occidental Life Insurance Company of North Carolina is a part of the American-Amicable group of companies which consists of American-Amicable Life Insurance Company of Texas, IA American Life Insurance Company, Pioneer American Insurance Company and Pioneer Security Life Insurance Company.
Tracing its roots back to 1910, the Company continues to grow and prosper and has consistently maintained a solid financial position. Occidental Life has a longstanding heritage of providing a diverse portfolio of quality life insurance products.
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Issue ages 50 to 85 (Age Last Birthday); Golden Solution Whole Life Insurance offers Immediate Death Benefit, Graded Death Benefit and Return of Premium Death Benefit policies.
Premium Paying Period: To age 100. Minimum Death Benefit: $2,500 ($5,000 in Washington); Maximum Immediate Death Benefit: $35,000 (ages 50 to 75), $20,000 (ages 76 to 85); Maximum Graded Death Benefit: $20,000 (ages 50 to 85); Maximum Return of Premium Death Benefit: $20,000 (ages 50 to 85).
Golden Solution Immediate Death Benefit is a simplified issue whole life policy with level death benefit of 100% of face amount paid immediately.
Golden Solution Graded Death Benefit is a simplified issue whole life policy which pays 30% of selected face amount the 1st year, 70% paid the 2nd year and 100% paid the 3rd and subsequent years. For accidental death anytime the policy is in force, the selected face amount is 100% payable.
Golden Solution Return of Premium Benefit is a simplified issue whole life policy which pays return of premium plus 10% interest for 3 years if under age 65, 2 years if age 65 or older. For accidental death anytime the policy is in force, the selected face amount is 100% payable.
Terminal Illness Accelerated Benefit and Accelerated Benefit Confined Care Riders are included at no additional premium, where available.
Optional Benefits and Riders: Grandchild Rider (also covers Great Grandchildren), Nursing Home Waiver of Premium Rider, Children’s Insurance Agreement Rider and Accidental Death Benefit Rider; may vary by plan and state.
A telephone interview is required with the Proposed Insured on every application for the Immediate and Graded Death Benefit Plans prior to the policy being issued.
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