Income can refer to cash flow derived from a variety of sources, including personal earnings, investment earnings, businesses or even real estate. These forms of income are generally referred to as earned income. There are also sources of unearned income, particularly when discussing investments. Dividends, capital gains and interest are common examples of unearned income.
Lafayette Life provides life insurance and annuity products to individuals and small businesses through multiple distribution channels. The individual product portfolio includes whole life, senior age whole life, term life, universal life, immediate annuities, and indexed universal life and annuities.
Lafayette Life Insurance specializes in fixed annuities where interest is credited on a regular basis and funds may be available at any time. Clients may be subject to possible withdrawal charges, income taxes and penalties. The plans include:
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:
The Standard specializes in insurance, investment, and retirement planning services. Under its insurance options, life insurance, accidental death and dismemberment insurance, disability, dental, vision, and annuities are offered. Specifically, the annuities provided are single premium and flexible premium. A brief description of each follows:
1) Single Premium: Single premium annuities are purchased with one, lump-sum premium payment. Some single premium annuities do accept additional premiums during a short, specified time period at the beginning of the contract.
