Whats The Bottom Line
Occidental Fire & Casualtys online information is so scattered and confusing that we cant help but worry that the customer experience will be similarly difficult. We were unable even to confirm whether or not the insurance company still writes auto insurance. Those in search of a good value for personal insurance might be better off looking elsewhere.
How Occidental Life Compares To Other Life Insurance
Occidental Life offers highly customizable life insurance options aimed at seniors. However, a company like Western & Southern that sells other forms of life insurance and financial products might be a better option.
Occidental Life vs. Western & Southern Review
Occidental Life and Western & Southern both offer several insurance policy choices and many customizable riders on their policies. Western & Southern also sells universal index policies, giving you more opportunities to grow your policys cash value. Both Occidental Life and Western & Southern have good AM Best ratings, although Western & Southern has a much better complaint index.
Some other key differences between Occidental Life and Western & Southern include:
- Western & Southern offers a 0% to 1% guaranteed interest rate on its permanent policies whereas Occidental Life offers a 1% to 2% guarantee.
- Occidental Life offers free riders like accelerated benefits and confined care coverage.
- Western & Southern offers other forms of financial planning like annuities, mutual funds, and investments, allowing you to do all your financial and retirement planning in one place.
- Western & Southern offers fully underwritten policies that might require a medical exam whereas Occidental Life offers simplified issue policies that usually just require a telephone interview.
Filing The Claim With Occidental Fire And Casualty Provider
Occidental Fire and Casualty home insurance claims can be filed online. Visit and fill in all appropriate and relevant information. The form asks for the property parish, if you do not live in a parish use the address box for your home address. The form can be filed by the agent or the homeowner. To fill out the form in its entirety you will need some information about the loss and policy, including date of loss, policy number and a description of the incident. If you have an auto claim, visit and log in to your account to start the claims process.
Occidental Fire and Casualty is a North Carolina insurance provider that issues insurance policies in North Carolina, New York, Louisiana, South Carolina and Alabama.
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Are The Ratings And Consumer Reviews Positive
The insurance company has an A+ rating with the Better Business Bureau , with six complaints on file in the past three years. There have been no complaints closed in the past 12 months.
There are ten complaints on Google, with an overall 1.6-star review. Of these, one is a 5-star review citing excellent claims service. The rest of the reviews are negative, mainly citing a poor customer service experience.
Sagesures Partnership With Occidental
SageSure Insurance Managers proudly serves as the program manager and servicing agent for Occidental Fire & Casualty Company of North Carolina in several states including Alabama, Alaska, California, Louisiana, New Jersey, New York, South Carolina, Texas and Virginia for homeowners insurance. SageSure provides all customer service, policy processing and other operating support outside of the claims process.
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Where Can You Sell This Life Insurance Policy
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
FOR AGENT USE ONLY – Cannot be distributed to the public or used in any consumer solicitation. Plans may not be available in all states. Contact Tidewater Management Group for more details. 622-9122
How Are Claims Processed
Claims appear to be handled through IAT or at least that is where claims information can be found.
There are two toll-free claims lines, depending on the state of residence. IAT also has an online claims form for homeowners insurance. It does not specifically state that Occidental policy claims should be filed there, again leaving us to guess and make assumptions.
The claims section does not offer a whole lot of information, so customers are probably better off putting in a phone call to get some guidance and to confirm theyre actually submitting to the right place.
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Occidental Life Insurance Company Of North Carolina
Earn more for you and your client with advanced commissions paid daily, competitive pricing, no medical exams required and get a chance to win a incentive trip to Hawaii!
Occidental Life Insurance Company provides Final expense, Simplified issue term, simplified universal life, and modified whole life insurance. Use Tidewater’s Final Expense cheat sheet to compare the top carriers! When you contract with Occidental Life through Tidewater, you will get access to resources like these and more!
Financial Strength Rating Of Occidental Life Insurance
A.M. Best evaluates every insurance company based on their total assets and financial stability. Occidental Life insurance earns a A, which is excellent, with a stable outlook. Its important to have a financially secure insurance company so you know they can pay claims.
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Frequently Asked Questions Regarding Occidental Life Insurance Company Of North Carolina
Where are Occidental Life Insurance Company of North Carolinas headquarters?
Occidental Life Insurance Company of North Carolinas headquarters are in 425 Austin Ave, Waco, Texas, 76701, United States
What is Occidental Life Insurance Company of North Carolinas phone number?
Occidental Life Insurance Company of North Carolinas phone number is 297-2777
What is Occidental Life Insurance Company of North Carolinas official website?
Occidental Life Insurance Company of North Carolinas official website is www.occidentallife.com
What is Occidental Life Insurance Company of North Carolinas Revenue?
Occidental Life Insurance Company of North Carolinas revenue is $5 Million
What is Occidental Life Insurance Company of North Carolinas SIC code?
Occidental Life Insurance Company of North Carolinas SIC: 63,631
What is Occidental Life Insurance Company of North Carolinas NAICS code?
Occidental Life Insurance Company of North Carolinas NAICS: 5241,52411
How many employees are working in Occidental Life Insurance Company of North Carolina?
Occidental Life Insurance Company of North Carolina has < 25 employees
What is Occidental Life Insurance Company of North Carolinas industry?
Occidental Life Insurance Company of North Carolina is in the industry of: Insurance
What is Occidental Life Insurance Company of North Carolina’s tech stack?
The technologies that are used by Occidental Life Insurance Company of North Carolina are: Proofpoint, Google Font API, Font Awesome, jQuery
What Is Occidental Fire & Casualty
Occidental Fire & Casualty Company of North Carolina was founded in 1961 and has since expanded to cover a number of other states. The insurance provider is a wholly-owned subsidiary of IAT Insurance Group, and also partner in some states with Insurance Manager SageSure.
Occidental appears to offer auto insurance, but the confusing nature of the website makes it difficult to determine if that is true. In fact, our search for information on Occidental brought back some of the most confusing search results we have ever encountered for an insurance company.
Occidental does not have a straightforward website that we could locate, although we did come across some other companies also using the Occidental name. None appear to be related.
The homeowners insurance website is a one-page site offering very limited information. For auto, we were able to find a website that goes straight to a login page for existing customers while the web URL uses the Occidental name, only the IAT name appears on the page itself.
The IAT Insurance Group website, meanwhile, is much more comprehensive, but still tells us only that Occidental writes homeowners and flood for both commercial and individual needs. That website does not indicate that Occidental writes auto insurance in fact, the only personal auto mentioned on the site is Mexico/Non-Resident Private Auto.
Occidental products do appear to be sold through independent insurance agents.
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Consumer Complaints Rating Of Occidental Life Insurance
The NAIC gives every company a ratio based on the number of complaints. The median average score is 1.0, which means a company got as many complaints as you might expect.
Occidental earns a ratio of 2.0, which means there are twice as many complaints as you might expect. There are five complaints listed but it doesnt go into details. However, this ratio is a concern.
Business Profileforoccidental Life Insurance Company Of North Carolina
Occidental Life Insurance Company of North Carolina
425 Austin Ave
3 complaints closed in last 3 years
2 complaints closed in last 12 months
425 Austin Ave, Waco, TX 76701-2147Email this Business
|Licensing Information:||This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.|
|Type of Entity:|
- Ms. Leah M. Frerichs, Vice President of Operations
- Ms. Leah M. Frerichs, Vice President of Operations
Additional Contact Information
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Transamerica Hsa: Where Wealth Meets Health
A health savings account is a powerful way to set aside money for healthcare expenses now and in the future. Triple tax advantaged, convenient, and flexible, it can be used to cover current qualifying medical expenses or act as a supplemental retirement account to cover future healthcare costs. It’s one of many integrated services we offer with our holistic approach to retirement.
How To Get Started
If you are already a Occidental Life insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can obtain a quote and start the application process by calling the company using the information below or visiting its website. You may also shop for policies using our comparison tool by clicking on the following link.
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Occidental Life Insurance Company Building
|Show map of North CarolinaShow map of the United States|
|Location||1001 Wade Ave., Raleigh, North Carolina|
|Added to NRHP|
Occidental Life Insurance Company Building is a historic office building located at Raleigh, North Carolina. The building is located in Cameron Village, North Carolina’s first suburban shopping center. It was built in 1956, and is a four-story, 68,000 square-foot steel frame structure encapsulated in concrete. The building was design by architecture firm Kemp, Bunch & Jackson and in the International Style. It has a brick base, limestone walls, aluminum windows with green-tinted glass, and entrance canopies with rounded aluminum eaves. Prior to moving to this building, the Occidental Life Insurance Company offices were housed in the Professional Building for nearly 30 years.
Occidental Life Insurance Review 2020
Home » Occidental Life Insurance Review 2020
Occidental Life Insurance company has its roots in North Carolina, back in 1906. They are headquartered in Waco, TX. Why is a life insurance company from North Carolina headquartered in TX, you ask? Occidental is part of a larger financial group that consists of American-Amicable Life Insurance Company of Texas, Pioneer American Insurance, American Life Insurance and Industry Alliance Life Insurance. American-Amicable has its headquarters in Waco, TX and so now, Occidental does as well.
They specialize in simplified issue insurance, which is life insurance that doesnt require a medical exam. This is good news for people with health problems that theyd rather not reveal to their insurance company. There may be some health questions, but you wont have to visit a doctor or have a medical professional visit you at your home.
AI has over four million customers and manages over $109 billion in assets.
- Final Expense
Non-medical universal life insurance offers adjustable-benefit life insurance with no medical exam required. Coverage ranges from $25,000 to $250,000. If you want more universal life insurance, you can but youll have to have a medical exam.
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They also have Association Term insurance which is 10-year renewable term insurance for:
- Government employees
- Hospital employees
Spouses of those in these professions are also eligible.
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About A Occidental Fire And Casualty Plan
Billing details for your Occidental Fire and Casualty insurance policy will depend on the agreement between you and the insurance company. Some policy holders choose to make monthly payments while others choose to pay the entire premium in full each year. Customer service is available to work with customers when setting up a policy or after a policy has been started to establishment an acceptable and affordable payment plan.
How Much Does A Burial Insurance Policy Cost
Burial insurance costs vary widely based on your age, your sex, your current health, your health history, where you live, and a host of other factors. Your premium payments are also dependent on what type of policy you select as well as the amount of your death benefit payout. Lifestyle choices may also affect your premiums. For example, if you are a smoker, an alcoholic, or you have a history of heart disease in your family, you will probably have to pay higher than average premiums. If you have none of these issues, or youre toward the young end of the burial insurance age range , you will probably pay less. Many insurance companies will not offer burial insurance to individuals aged 85 and older. If you are close to this age already, you may still be able to get insurance, but your premiums will be higher than average.
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Customer Satisfaction: More Complaints Than Average
The National Association of Insurance Commissioners complaint index compares an insurance company’s performance against its competitors. According to the NAIC website, the index is determined by dividing the company’s share of complaints by the company’s share of premiums. An average rating is 1.0, and the lower the number, the better.
Occidental Life receives more than the average number of complaints, with an NAIC complaint index of 1.72. However, because it is a smaller company, it receives just 0.008% of the national complaint market share. Many of the complaints it fields are for bad customer service and delays with paying out the death benefit.
Building On A Century Of Trust
Since 1904, Transamerica has been built on the idea that financial security should be available to everyone. Today, were still committed to providing the right tools, services, and strategies our customers need to achieve it.
We are also one of the first financial services companies to recognize the connection between wealth and health. For years, financial services companies have only gotten it half right because without health, wealth is harder to achieve and maintain. At the heart of it, we want to help people live well, now and in the future.
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What Types Of Insurance Products Are Offered
The only products we can confirm from Occidental at the time of this review are homeowners and flood insurance.
Information on these programs is limited to the fact that they offer standard homeowners as well as dwelling fire depending on the state of residence.
Flood insurance through the National Flood Insurance Program is offered for both personal and commercial properties.
Third-party company SageSure handles policy administration, but they do not handle claims processing for current homeowners policyholders.
How Long Does A Burial Insurance Policy Last
Burial and final expense insurance policies last until the policyholder dies. Immediately after the policyholders death, the specified beneficiary will be paid in cash by the insurance company. Burial and final expense policies do not expire. They may only be canceled in the case of the policyholder refusing to pay premiums or in the case of fraud by the insurance company.
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Digital Experience Rating Of Occidental Life Insurance
If you have a question, comment, or suggestion youll fill out a form. Once you hit submit the customer support team will get back to you. They dont have an online chat bot.
Youll also need to fill out a form if you want to:
- Change a beneficiary
- Make changes to your policy
- Cancel your policy
- Apply for accelerated benefits
In other words, there is not a lot you can do online.
There is no online quoting, either. If you would like a quote from Occidental, you can fill out yet another form and an agent will contact you.
There isnt a great deal of information about Occidental online, and its hard to tell what kind of prices are available. Since there are many no medical exam options, you would think it would be easy to get a quote. Companies that make it difficult to find out what their prices are like are usually not the cheapest out there, because if they were its to their advantage to tell everyone.
Another reason why we think the rates might be a little high is that simplified issue insurance is usually priced higher than other types of insurance. People who have some health issues are the most likely to be attracted to no-medical exam insurance, so the rates are higher to compensate.
Lastly, they sell policies through agents, and agents have fees and commissions, meaning a higher rate.
Occidental Fire And Casualty Company Of North Carolina
Occidental Fire & Casualty Company of North Carolina is a wholly owned subsidiary of IAT Insurance Group, an insurance holding company. Occidental has been providing valuable and necessary insurance coverage to clients since 1960. Now, with over 50 years of experience and substantial financial strength, Occidental serves tens of thousands of customers across the United States.
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