The nonclassicality of a macroscopic single-mode optical superposition state
is potentially convertible into entanglement, when the state is mixed with the
vacuum on a beam splitter. Considering light beams with polarization degree of
freedom in Euclidean space as coherent product states in a bipartite Hilbert
space, we propose a method to convert the polarization amplitudes into
entanglement and classical correlation through generating nonclassicality in
the superpositions of coherent and displaced Fock states. Equivalent Bell state
emerges from the resulted superpositions and the proportion of mixed
entanglement and correlation, quantified by the metric pair of negativity and
Schmidt number, is determined by the two displacements along the polarization
directions. We further characterize the constructed states with Wigner
functions and propose an experimental method for generating these states and
measuring them via homodyne tomography