1 Annual renewal rates are paid after the first guarantee period (Minimum rate is 1.00%).
2 Interest earnings grow tax deferred until received. Distributions from non-qualified annuities and IRAs are subject to ordinary income tax. Distributions from a Roth IRA are tax free after age 59½ if the plan has been established for at least five years. Withdrawals prior to age 59½ may incur a 10% IRS penalty tax in both Traditional IRA and Roth IRA plans and in non-qualified annuities.
3 Earnings and pre-tax payments are subject to income tax at withdrawal. Withdrawals may be subject to charges. Withdrawals from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty. Systematic withdrawals are not available if partial withdrawals have been made in the same contract year. Withdrawals will reduce the contract value. Excess withdrawals in a policy year will be charged the applicable surrender charge. Surrender charges are as follows: Year 1, 7%; Year 2, 7%; Year 3, 7%; Year 4, 6%; Year 5, 5%; Year 6, 4%; Year 7, 3%; Year 8+, 0%. Free withdrawals not taken in a year cannot be carried over to future years.
4 After the first year, you are credited with the initial rate, less the rate enhancement, for the remainder of the guarantee period.
5 Subject to a surrender charge through the seventh year.
Payment of benefits under the annuity contract is the obligation of, and is guaranteed by Columbus Life Insurance Company. Guarantees are based on the claims-paying ability of Columbus Life Insurance Company. Products are backed by the full financial strength of Columbus Life Insurance Company. See your financial professional for product specifications.
Neither Columbus Life, nor its agents, offer tax
advice. For specific tax information, a tax attorney or advisor should be
consulted. The information provided is for educational purposes only.
These contracts and benefits may not be available in all states, and benefits may vary by state.
Annuity contracts have terms and limitations for keeping them in force. Please contact a financial representative for complete details.
Single Premium Deferred Fixed Annuity Contract Series CL 77-I 0407, Additional Waiver of Surrender Charge Rider Series (Terminal Illness) CLR-132 0010, Additional Waiver of Surrender Charge Rider Series (Long Term Care) CLR-133 0010 issued by Columbus Life Insurance Company. Product and rider provisions, availability, definitions, and benefits may vary by state.