José Marques, APR
Media Relations Manager
513.629.1448
Mailing Address:
Western & Southern Financial Group
Media Relations
Mail Station 90
400 Broadway Street
Cincinnati, OH 45202
FOR IMMEDIATE RELEASE:
Sheila Veits Roth
Media Relations Specialist (513) 629-1388
Columbus Life Launches Capital Transfer Program
CINCINNATI — January 26, 2012 — Columbus Life Insurance Company (Columbus Life), a member of Western & Southern Financial Group (Western & Southern), has launched a comprehensive program to support independent producers in helping clients with capital transfer needs.
“As much as $41 trillion in assets is expected to pass from one generation to the next over the next 20 years1,” said J.J. Miller, president and chief executive officer for Columbus Life. “Columbus Life’s capital transfer program, arguably the most comprehensive program of its kind, provides a competitive edge to producers by equipping them with all the tools needed to build their practice in this growing market.”
Columbus Life’s capital transfer program, designed to help maximize the legacy that is passed on to beneficiaries through life insurance, includes:
- Flexible, competitive product options designed to meet varied client needs;
- In-depth target market research to help producers understand the demographics and psychographics of the marketplace;
- A complete marketing system with consumer-oriented prospecting, point-of-sale and promotional material;
- Educational programs on the concept for producers, including regional universities and online training; and
- Client presentations, video and website.
“There is no shortage of life insurance companies that offer capital transfer products,” said Miller. “However, Columbus Life is differentiated by offering not only competitive products but a complete program to support producers.”
For more information about Columbus Life products visit www.columbuslife.com.
¹ Schervish, Paul G. and Havens, John J., “Why the $41 Trillion Wealth Transfer Estimate is Still Valid: A Review of Challenges and Questions,” The Journal of Gift Planning, May 18, 2011.
About Columbus Life Insurance Company
Columbus Life is a top-rated company providing life insurance and annuity products for clients in 49 states and the District of Columbia. With a heritage dating back to 1906, the company provides retirement, estate planning, and advanced business planning services to the affluent market through a nationwide network of independent producers and registered representatives. The company holds outstanding ratings from leading financial ratings agencies, including A.M. Best A+ for superior financial strength (second highest of 16 ratings), Standard & Poor’s AA+ for very strong financial security characteristics (second highest of 21 ratings), and a Comdex ranking of 96. Columbus Life is a member of Western & Southern Financial Group.
About Western & Southern Financial Group
Western & Southern Financial Group (Western & Southern) is a Cincinnati-based Fortune 500 diversified family of financial services companies with assets owned, managed and under care in excess of $51 billion as of Sept. 30, 2011. Western & Southern’s six life insurance companies (The Western and Southern Life Insurance Company; Western-Southern Life Assurance Company; Columbus Life Insurance Company; Integrity Life Insurance Company; The Lafayette Life Insurance Company; and National Integrity Life Insurance Company) maintain the following ratings for financial strength: Standard & Poor’s AA+ Very Strong (currently the highest rating held by any life insurance company and making Western & Southern one of the eight highest-rated life insurance groups in the world), A.M. Best A+ Superior, Fitch AA Very Strong and Moody’s¹ Aa3 Excellent. With a heritage dating to 1888, the group’s affiliates also include Capital Analysts Incorporated;², ³ Eagle Realty Group, LLC; Fort Washington Investment Advisors, Inc.;² IFS Financial Services, Inc.; Touchstone Advisors, Inc.;² Touchstone Securities, Inc.;³ and W&S Financial Group Distributors, Inc. For more information, visit www.westernsouthern.com. Western & Southern is the title sponsor of the Western & Southern Open (www.wsopen.com) tennis tournament, a premier event in the U.S. Open Series featuring the world’s top-ranked professional male and female players.
¹ Lafayette Life is not rated by Moody’s.
² A registered investment advisor.
³ A registered broker-dealer and member FINRA/SIPC.
Ratings refer to the claims-paying ability of the insurance company and not to the safety, stability or performance of any investment product.
one of the eight highest-rated life insurance groups
in the world based on Standard & Poor's AA+ Very Strong rating.
Rating current as of