Columbus Life Insurance Company offers services in life insurance and annuities. The company's life insurance options spans across four individual plans designed to cater to different clients, while its annuities plans cover two areas.
Life Insurance Products:
1) Universal Life: Universal Life insurance offers a set amount of coverage with a tax-deferred, cash accumulation account based on current
interest rates. This permanent insurance plan generally provides lower premiums for those people who have life insurance needs that will stay relatively constant over their lifetimes, or who desire the cash value build-up universal life policies can provide.
2) Indexed Universal Life: Indexed universal life offers growth potential through Indexed Interest Credits with protection from downside risk through a minimum interest rate guarantee. Indexed universal life also offers all the benefits associated with traditional insurance products.
3) Survivorship Universal Life and Survivorship Variable Life: Survivorship Universal Life and Survivorship Variable Universal Life are flexible premium life products issued on two insureds' lives jointly, with the
death benefit payable at the second death. Both products feature premium payment and withdrawal flexibility, as well as riders and benefits that meet the special planning needs of high net worth individuals.
4) Term Life: Term life insurance provides maximum protection with minimal cost, with coverage for a specific period of time. It is pure life insurance that does not increase in value. If a client dies within the designated time
frame, his/her beneficiaries will receive the death benefit amount.
Annuities:
1) Single-Premium Deferred Annuities: A single-premium
deferred annuity allows for one single, lump-sum contribution. Money grows tax-deferred until it is withdrawn or once the client begins receiving a stream of
income payments.
2) Single-Premium Immediate Annuities: Unlike a deferred annuity, an
immediate annuity generates income payments at the time the client purchases the annuity. Single-premium immediate annuities allow him/her to set up an immediate, steady income stream with a one-time, lump-sum contribution.
| Columbus Life Product Reviews |
|---|
|
| General Information |
|---|
| Website | http://www.columbuslife.com |
| Type | Insurance Company |
| Founded | 1906 |
| Ownership | |
| Country | USA |
Information & Articles about Columbus Life
