Prepare for the unexpected, PREPARE FOR THE FUTURE.

In the event of a Critical Illness, which would you rather have... a ‘GET WELL SOON’card or a LIVING BENEFIT paid directly to you?

Living Benefits are paid directly to you. You choose how to spend the benefit at a time when you and your family may need extra cash the most.

"CRITICAL LIFE BENEFITS" PAYS IN ADDITION TO ANY OTHER INSURANCE YOU MAY HAVE.

Some examples of the ways in which you may choose to spend the benefit paid to you:

✔ Lost Income
✔ Auto Payments
✔ Credit Card Bills
✔ Copays
✔ Home Health Care
✔ Help with Your Quality of Life
✔ Mortgage or Rent Payment
✔ Child Care & Housekeeping Expenses
✔ Non Covered Experimental Treatment or Drugs
✔ Replace a Paycheck
✔ Help Keep Your Business Going

Unfortunately, no one knows when they may be facing the reality of dealing with a critical illness. When faced with a critical illness, both medical and non-medical expenses arise. These out-of-pocket expenses, such as lost wages, expenses not covered by your medical insurance, and home health care can come along during stressful times, and they can be damaging financially. In these situations, you may find yourself without sufficient savings and forced to use other assets to help cover costs. That's why we urge you to consider the Critical Life Benefits insurance policy. Our effort is to provide an affordably priced product if a critical illness happens.

Covered Conditions...

Your need for additional cash may be great if you are diagnosed with a critical illness. Lost income and medical expenses could take a toll on your family budget. The Accelerated Living Benefit Rider can provide a lump sum payment if you are diagnosed with one of the following covered illnesses This benefit provides for 100% acceleration of the base policy face amount, not to exceed $100,000. ¹(See the rider for complete details).

100% Coverage

✔ Heart Attack
✔ Stroke
✔ Cancer
✔ Blindness
✔ Terminal Illness
✔ Kidney Failure
✔ Paralysis
✔ Major Organ Transplant
✔ HIV contracted performing duties as professional healthcare worker

10% Coverage

✔ Coronary Artery Bypass Graft ¹

Guaranteed Convertible...

At any time before the insured attains age 65, the life insurance policy may be converted to any level premium permanent plan the company offers, without any evidence of insurability required and for an amount up to the face amount of the original policy. The critical illness rider is not convertible.

Renewability...

If all premiums have been paid in full to the renewal date and the insured has not attained age 61 on such date, the life insurance policy may be renewed without evidence of insurability. If the Critical Illness Rider has not been terminated, it will be renewed with the policy. Premium rate for the policy and Critical Illness Rider will be based on the attained age of the insured.

No Cost Riders

• Available on select policies at NO ADDITIONAL CHARGE (Check state availability)
• Chronic Illness – Allows you to request up to 95% of your policy’s death benefit subject to a maximum of 150K
• Confined Care – If confined to a nursing home for at least 30 consecutive days after the policy is issued, you can receive a monthly benefit equal to the lesser of 2.5% of the face amount of your policy or $5,000

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What happens in the event of death?

At death Critical Life Benefits provides a death benefit that passes federal income tax free to your beneficiaries.

Occidental Life PDFs

Occidental CI Brochure

Chronic Illness Rider

Confined Care Rider

Occidental CI State Grid

Occidental CI Rates

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¹Accelerated Living Benefit Rider - Critical Illness

Covered Conditions may vary by issue state. For complete details regarding rider benefits and definitions, please consult the policy rider form in the policy contract. Upon receipt of proof of a qualifying event, we will pay an accelerated benefit in a single sum. Should the qualifying event occur prior to the 91st day following the Date of Issue, the benefit paid would be 10% of the policy Face Amount. Should the qualifying event occur on or after the 91st day following the Date of Issue, the benefit would be equal to the full death benefit of the policy. This benefit is payable only one time and once paid the insurance provided under this rider will terminate, except for the 10% acceleration upon occurrence of the Coronary Artery Bypass Graft. If this benefit is paid, future acceleration of any other benefit is reduced proportionally.

²Accelerated Benefits Rider-Confined Care

If a licensed physician provides the company a written statement of the diagnosis of your medical condition and states that you are a full time permanent resident of a Nursing Home and will continue full time permanent residence in a Nursing Home until death, you may receive a fixed monthly payment equal to the lesser of 2.5% of the policy face amount or $5,000. The payment of the accelerated benefit will reduce the death benefit proceeds by the amount of the benefit paid. The cash value (if any), the amount available for loans (if any), and the premium for the policy will decrease in proportion to the amount of the benefit paid. Availability varies by state. See the rider for complete details.

Chronic Illness Accelerated Death Benefit Rider - Policy Form No. 3229

With this benefit a portion of the death benefit can be accelerated early if an authorized Physician certifies that the proposed insured is chronically ill. Chronically ill being defined as:

1. Being unable to perform, without substantial assistance from another person, at least two Activities of Daily Living (eating, toileting, transferring, bathing, dressing and continence) for a period of at least 90 consecutive days due to loss of functional capacity; or

2. Requiring substantial supervision for a period of at least 90 consecutive days by another person to protect oneself from threats to health and safety due to Severe Cognitive Impairment.

Under the terms of this rider, the policy owner can request to receive portions of the death benefit (minimum of $1,000) as often as one time per calendar year. An administrative fee of $150 will be assessed at the time of each acceleration. These requests can be made up to a maximum equaling 95% of the policy death benefit or a maximum amount of $150,000. The cash value (if any), the amount available for loans (if any), and the premium for the policy will decrease in proportion to the amount of the benefit paid. This rider is automatically added to policies (where available) and requires no additional premium. The payment of the accelerated benefit will reduce the life insurance proceeds by the amount of the benefit paid. Remember the disclosure statement Form No. 3230 must be presented to the applicant at point-of-sale. (Rider not available in CA, CT & DC)

The acceleration-of-life-insurance benefits offered under these riders may or may not qualify for favorable tax treatment under the Internal Revenue Code of 1986. Whether such benefits qualify depends on factors such as your life expectancy at the time benefits are accelerated or whether you use the benefits to pay for necessary long term care expenses, such as nursing home care. If the acceleration-of-life-insurance benefits qualify for favorable tax treatment, the benefits will be excludable from your income and not subject to federal taxation. However, acceleration-of-life-insurance benefits payments may be taxable by your state. Tax laws relating to accelerationof-life-insurance benefits are complex. You are advised to consult with a qualified tax advisor about circumstances under which you could receive acceleration-of-life-insurance benefits excludable from income under federal law.

Receipt of acceleration-of-life-insurance benefits may affect your, your spouse's or your family’s eligibility for public assistance programs such as medical assistance (Medicaid), Aid to Families with Dependent Children (AFDC), supplementary social security income (SSI), drug assistance or other public assistance programs. You are advised to consult with a qualified tax advisor and with social service agencies concerning how receipt of such a payment will affect your spouse’s or your family’s eligibility for public assistance.

Life Insurance Underwritten by: OCCIDENTAL LIFE INSURANCE COMPANY OF NORTH CAROLINA.
Each insurer has sole financial responsibility for its own products.

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Occidental CI Critical Life Benefits Plan Product available in the following states: AL, AK, AZ, AR, CA, CO, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, MT, NE, NV, NM, NC, ND, OH, OK, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI, WY

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