What Is Occidental Life Insurance?


The Occidental Life Insurance Company of North Carolina has been providing life insurance advice and products since 1906. The company was acquired by TransAmerica in 1930 and continues to operate to this day. It offers life insurance policies through the brokerage channel under the name Transamerica Occidental Life.

About Life Insurance

Life insurance is a promise to pay a death benefit in the event an individual dies. Life insurance policies can be in effect for a specific term, or they may be permanent -- designed to pay a death benefit even if the insured lives to life expectancy and beyond. Life insurance has many uses, including providing for the needs of a widow, widower or orphan after the death of a breadwinner, to provide liquidity to pay estate taxes, or to ensure that surviving partners of a business have enough cash to buy out the interests of a deceased partner.

About Transamerica Occidental Life

As of 2011, Transamerica Occidental Life is headquartered in Los Angeles, California, though it maintains a service center in Waco, Texas. It is a wholly owned subsidiary of the Transamerica Corporation.


Transamerica Occidental Life specializes in term insurance and offers the Trendsetter line of policies, including a 10-year, 15-year and 20-year term, as well as the Trendsetter 30/10. Policies are guaranteed renewable to age 95, though some states restrict the sale of term insurance beyond age 70. The minimum face amount they will issue is $100,000, and the minimum issue age is 18.

Product Features

The Trendsetter series of policies include the right to convert to a permanent universal life insurance policy through age 70. Those issued Preferred Plus, their best rating, can convert through age 75. The policies also use the applicant's age on their last birthday, not their closest birthday, which can make a difference in policy pricing. The policies also come with an optional waiver of premium rider. This rider guarantees that the insurance company will waive life insurance premiums in the event of a disability.

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