Occidental Life

What Occidental Life does

Occidental Life Insurance Company North Carolina is a private life insurer serving individual consumers and families in North Carolina and the Southeastern United States. Its portfolio includes term life coverage for specified periods, whole life coverage with fixed premiums, cash value accumulation, and a guaranteed death benefit; universal life coverage with adjustable premiums and death benefits plus cash value accumulation; and final-expense coverage designed for end-of-life costs without a medical examination. The company addresses young families and homeowners, individuals seeking permanent coverage, seniors and health-conscious applicants, and consumers focused on estate planning.\n\nThe company generates revenue through recurring premium payments on its insurance policies. It uses a sales-led direct-consultation model in which insurance professionals guide policy selection, supported by educational content on the corporate website, web forms, and telephone contact. Specific premium rates, customer counts, and revenue are not disclosed. The available information describes no proprietary platform, API, SDK, artificial-intelligence capability, patents, funding, parent company, acquisitions, or dated leadership changes, supporting characterization of Occidental Life as a conventional insurance operation rather than a technology-led underwriting or distribution platform.

Name

Occidental Life

Legal name

Occidental Life Insurance Company North Carolina

Website

https://occidentallifereviews.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Occidental Life is a private life insurer serving individuals and families in North Carolina and the Southeastern United States through term, whole, universal, and final-expense policies sold via direct professional consultation.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Life Insurance (6311), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Level Term Life Insurance (FSAIAAAA)

akta.pro secondary industries

Whole Life Insurance (FSAIABAA), Final Expense Term Life Insurance (FSAIAAAI)

Keywords

• Life insurance policies
• Term life insurance
• Whole life insurance
• Universal life insurance
• Final expense insurance

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Life Insurance Premiums: The company generates revenue through recurring premium payments from policyholders across its portfolio of life insurance products including term life, whole life, universal life, and final expense insurance policies. Premiums are collected on a regular schedule as specified in each policy contract.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Occidental Life Insurance Company of North Carolina sells individual life insurance policies directly to consumers through a sales-led, consultation-based model. Its product portfolio consists of four core offerings: Term Life Insurance (temporary coverage for 10–30 years aimed at young families and homeowners), Whole Life Insurance (permanent coverage with fixed premiums and cash value accumulation), Universal Life Insurance (flexible permanent coverage with adjustable premiums and death benefits plus a savings component), and Final Expense Insurance (end-of-life expense coverage available without a medical exam for seniors and health-conscious applicants).

Product overview

Occidental Life Insurance Company of North Carolina offers a unified portfolio of life insurance products designed to meet diverse financial protection needs across different life stages. The company's core offerings include four distinct insurance products: Term Life Insurance for temporary coverage needs during critical financial periods; Whole Life Insurance providing permanent, stable protection with cash value accumulation; Universal Life Insurance offering flexible premium and benefit adjustments with a savings component; and Final Expense Insurance for covering end-of-life costs without medical exam requirements. These products are positioned as affordable and reliable solutions for individuals and families seeking financial security and peace of mind.

Differentiator

Problem solved

Functional benefit

Products and services

• Term Life Insurance Provides life insurance coverage for a specific period (typically 10, 20, or 30 years), offering substantial coverage at a lower premium. Designed for young families, homeowners, and individuals who need protection during crucial financial periods such as raising children and paying mortgages.
• Whole Life Insurance A permanent life insurance policy that provides lifelong coverage with fixed premiums, cash value accumulation over time, and a guaranteed death benefit. Suited for individuals seeking stability and the ability to grow financial security over time.
• Universal Life Insurance A flexible permanent life insurance option that allows policyholders to adjust their premiums and death benefits as their needs evolve, with an included savings component that builds cash value over time.
• Final Expense Insurance Designed to cover end-of-life expenses such as funeral costs and medical bills, this policy ensures family members are not financially burdened. Available without a medical exam, it is aimed at seniors and individuals with health concerns seeking simplified-issue coverage.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Expansion highlights2 records

Direct peers

• Primerica: Primerica is a publicly-traded middle-market life insurer distributing primarily term life coverage through a large agent salesforce. Comparable to Occidental Life as a sales-led, middle-market life insurance carrier targeting families and individuals in suburban and small-city markets.
• National Western Life Insurance Company: National Western Life is a privately-held life insurance carrier focused on whole life, universal life, and term policies, primarily serving middle-income households. Comparable to Occidental Life as a smaller, privately-held life insurer with a full permanent and term product portfolio.
• Fidelity Life Association: Fidelity Life is a mutual life insurer offering term, whole, universal, and final expense products through direct and digital channels. Comparable to Occidental Life as a multi-product life insurance carrier serving retail customers, including simplified-issue products for seniors.
• Globe Life: Globe Life is a publicly-traded direct-to-consumer life and supplemental health insurance carrier with multiple product lines (term, whole, final expense). Highly comparable to Occidental Life given the overlapping Term, Whole, and Final Expense product portfolio targeting middle-income families.

Broad incumbents

• Mutual of Omaha: Mutual of Omaha is a large mutual insurer offering term, whole, universal, and final expense life insurance alongside health and annuities. Comparable as a broad incumbent operating across the same retail life insurance product lines as Occidental Life but with materially greater scale and brand recognition.
• Securian Financial: Securian Financial is a mutual insurance holding company offering individual life insurance (term, whole, universal) along with group and retirement products. Comparable as a broad incumbent in Occidental Life's core life categories, with broader product breadth and stronger brand.
• Lincoln Financial Group: Lincoln Financial is a major publicly-traded life insurance and annuities carrier offering term, universal, and indexed universal life products. Comparable as a broad incumbent competitor in Occidental Life's core life product categories, with substantially greater scale and distribution.
• Transamerica: Transamerica is a large life insurance and retirement carrier (Aegon-owned) offering term, whole, universal, and final expense policies. Comparable as a broad incumbent overlapping Occidental Life's product lineup across all four retail life categories.
• Pacific Life: Pacific Life is a large mutual life insurer focused on universal life, indexed universal life, term life, and annuities. Comparable as a broad incumbent competing primarily in the same universal and whole life categories that anchor Occidental Life's permanent product portfolio.
• CVS Health (Aetna Life Insurance): CVS Health's Aetna life insurance arm offers term, whole, and universal life products alongside health benefits. Comparable as a broad incumbent with overlapping life insurance distribution and branding, though operated at significantly greater scale than Occidental Life.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Occidental Life