1 Loans will accrue interest. Cash value may take years to accumulate, unless a large premium is paid up front. Loans and withdrawals may generate an income tax liability, reduce the Account Value and the Death Benefit, and may cause the policy to lapse. Sufficient premium and account value are necessary to cover insurance costs. Index returns do not guarantee that the policy will stay in force.
2 At the time of application, either the Index Accounts with the 1% minimum guaranteed interest rate or the Index Accounts with the 0% minimum guaranteed interest rate must be selected. The Index Accounts with the 0% minimum guaranteed interest rate may have a higher Index Cap Rate, Index Participation Rate, and Index Threshold Rate or a lower Index Spread Rate, as applicable, than the Index Accounts with the 1% minimum guaranteed interest rate during the same period, but this is not guaranteed. The Index Accounts selected at the time of application cannot be changed after the policy is issued.
3 Death Benefits from a life insurance policy are generally paid income tax-free to policy beneficiaries.
4 Accelerated death benefits will reduce the death benefit and may affect the available loan amount and other policy values.
5 Withdrawals, loans and late payments may require that additional premium be paid to keep the No-Lapse Guarantee active.
SIUL is a Universal Life policy. It has insurance related costs. Premiums paid must produce sufficient cash value to pay insurance charges. Indexed returns do not protect against lapse if premiums and returns do not provide sufficient cash value to cover loan interest and insurance costs. Your clients must understand that loan risk means loans may well not be zero cost. Such loan risk and interest costs will reduce account value and will contribute to a risk of policy lapse if account value becomes insufficient to cover charges.
Payment of the benefits of Columbus Life Insurance Company life insurance products is backed by the full financial strength of Columbus Life Insurance Company, Cincinnati, Ohio. Guarantees are based on the claims-paying ability of the insurer.
Withdrawals and surrenders are tax-free up to the cost basis, provided the policy is not a MEC. Withdrawals may be subject to charges. Neither Columbus Life nor its agents offer tax advice. Please advise your customer to contact their tax or legal advisor regarding their situation. Interest rates are declared by the insurance company at annual effective rates, taking into account daily compounding of interest. Product and rider provisions, availability, definitions, and benefits may vary by state.
Expedition SIUL is issued by Columbus
Life Insurance Company, a member of Western & Southern Financial Group,
Inc. At Western & Southern Financial Group, Expedition
SIUL is offered through Western & Southern Life.
Expedition SIUL Flexible Premium Survivorship Universal Life Insurance with Indexed Account Options and some riders may not be available in all states. Product and rider provisions, availability, definitions, and benefits may vary by state. Check the approved state variation. Flexible Premium Survivorship Adjustable Life Insurance Policy With Indexed-Linked Interest Options Policy series ICC19 CL 92 1908; Enhanced Cash Value Rider series ICC21 CLR-210 2102; Overloan Protection Rider series ICC20 CLR-209 2001; Accelerated Death Benefit Rider series CLR-202 1409, CLR-143 1208 and CLR-137 1208; Other Insured Term Rider series ICC18 CLR-177 1803; Estate Protection Rider series CLR-182 0806; Premium Deposit Account Rider series CLR-205 1708 issued by Columbus Life Insurance Company.
Life Insurance policies contain certain exclusions, limitations, reductions of benefits and terms for keeping them in force. Please contact a financial representative for complete details.
Columbus Life Insurance Company, Cincinnati, Ohio, is licensed in the District of Columbia and all states except New York.