Having a life insurance policy will give your loved ones financial protection if something bad happens to you. Therefore, you must purchase it if you don’t have it yet. When purchasing this insurance, you must consider buying it from the CICA Life insurance company of America.
This company is the subsidiary of Citizens Inc., an insurance holding company. Meanwhile, its life insurance products are available in various choices to meet the needs of its policyholders. What are the CICA Life insurance products and the benefits of having these products?
About CICA Life Insurance Company
CICA Life insurance company has been providing life insurance products for more than 50 years. Therefore, this company is highly experienced in the life insurance business. In addition, CICA Life has numerous clients who trust it and are satisfied with its services.
This insurance company sets its sights on creating insurance products that can improve the life quality of people across the world. To achieve this objective, this company encourages and facilitates them to accumulate money and gain interest to achieve financial security in the future.
Subsidiaries
CICA Life has two subsidiaries. They are as follows.
1. CICA Life Domestic
CICA Life Domestic or CICA Life insurance company of America offers insurance products for US citizens. Some insurance products you can get from this company are final expense insurance, whole life insurance, credit life insurance, health insurance, etc.
2. CICA Life International
Meanwhile, CICA Life International provides services for those living in Taiwan and Latin America. It offers various protections and benefits through its products. Therefore, its policyholders may gain financial security and peace of mind from these products.
Company’s Core Values
As a subsidiary of Citizens Inc., CICA Life has similar values as its parent company. Some of its core values are as follows.
- Integrity: CICA Life follows a strong moral compass, such as developing honest and ethical relationships, to build trust.
- Excellence: This company follows high standards and has an excellent dedication to achieving higher standards.
- Accountability: CICA Life is responsible for its actions.
- Commitment: This company is committed to what it needs to do to bring success to its policyholders, employees, agents, associates, and shareholders.
Advantages of Having Insurance Products from CICA Life Insurance Company of America
CICA Life Insurance Company of America designs its insurance products in such a way that they can provide many benefits to the policyholders. The top three benefits you will get from purchasing one of its products are as follows.
1. Lifetime Income
Particular policies of CICA Life Insurance give a lifetime income benefit. In other words, policyholders will get regular monthly payments for as long as they live.
The insurance company provides this type of income when policyholders are disabled or retired. Therefore, your dependents can meet their needs and don’t need to be concerned with their living costs when you cannot support them financially.
2. Supplement Retirement Income
Some CICA Life Insurance policies allow policyholders to get supplemented retirement income benefits. It means the policyholders can borrow against or withdraw their cash value to make a down payment on a house, pay a college bill, or for other needs.
3. Lifetime Benefit
The lifetime benefit term provides a particular amount of money to the beneficiaries of the policyholders on the death of the policyholders. Moreover, it also provides money for policyholders to pay for nursing care and home health care.
Insurances Products from CICA Life
CICA Life Citizens offers various products to help their policyholders meet their needs for financial security. This company groups those products in several groups that they call series.
1. Freedom Series
The freedom series consists of living-benefit life insurance with appealing portfolios. Moreover, the series offer solution for financial planning for your future.
2. Whole Life Series
The product of the whole life series is unique because it combines several benefits. First, it offers financial protection or cash value for the policyholders’ beneficiaries when they pass away.
In addition, it also offers guaranteed savings protection and dividends. Therefore, policyholders can gain cash value plus a long-term bonus from the dividends that are guaranteed in the contract.
3. Abundance Series
The Abundance series offers benefactions life insurance policies for policyholders aged 65 years old. The benefactions include accruing dividends and retirement.
4. Critical Illness
The critical illness coverage from CICA Life Insurance pays benefits directly to policyholders who suffer from a particular critical illness. However, the company recommends that policyholders use the money to pay for additional medical expenses.
CICA Life Phone Number and Address
Those who need to know more about CICA Life Insurance Company of America and its products can contact the company via various channels, such as telephone, website, and fax. Below are the details of the CICA Life contact
- Mailing Address: 1185 Alterra Pkwy, Suite 1500, Austin, Texas 78758 or P.O. Box 149151, Austin, Texas 78758.
- Phone Number: (512) 837 7100
- Website: citizensinc.com
- Fax: (512) 836 9785
Tips on Purchasing Life Insurance Products
Purchasing life insurance can be somewhat confusing, especially for those who never do it before. However, you can avoid purchasing the wrong life insurance products by following these tips.
1. Decide the Amount of Life Insurance You Need
Different policyholders need different amounts of life insurance. For example, those with a large family need a larger amount of life insurance than those with a small family.
Therefore, you must be sure that your decision on the amount of insurance policy you buy can financially protect your beneficiaries properly. However, you must also consider your current income. Therefore, the insurance purchase won’t negatively affect your financial condition.
2. Choose a Life Insurance Type
Life insurance products are available in various choices, such as whole life insurance, permanent life insurance, etc. Hence, you must choose a life insurance type that suits your needs.
3. Consider Life Insurance Riders
Life insurance companies offer additional benefits or riders you can add to your policy. Therefore, you must consider these additional benefits and decide whether or not you need them.
CICA Life insurance company of America is one of the most experienced insurance companies in the U.S. This company offers various life insurance products and policies that can deliver the best financial protection to its policyholders and their dependents or family.