Help Meet Your Retirement Income Needs Now & in the Future With an Annuity
Many of us will be living longer, which presents a key question — how are you going to live in the future? Annuities can help answer that question by providing a long-term investment designed to help protect you from the risk of outliving your income.
With periodic payments from an annuity, you may be able to receive a guaranteed stream of retirement income to help maintain a comfortable lifestyle for the rest of your life. The type of annuity you choose depends on your goals. Do you need income that starts now or in the future? A Columbus Life financial representative can help you make the right choice based on how your needs match up with the features of each annuity.
Fixed annuities give you the chance to earn more on your money at a competitive, fixed interest rate. Indexed annuities, a specific type of fixed annuity, also provide guarantees, as well as the opportunity to earn interest based on changes in a market index or indices.
Columbus Life’s AccountMax Single Premium Deferred Annuity with a market value adjustment offers growth potential and flexibility in one product.
What is a Fixed Indexed Annuity?
Could a fixed indexed annuity help in retirement planning? Columbus Life’s Fixed Indexed Annuity can help provide growth potential, protection and safety.
Fixed Indexed Annuity
Fixed Indexed Annuity: Your GPS for the Course Ahead
Help create your own path to retirement confidence by choosing a fixed indexed annuity with built-in features that can help provide benefits such as Growth Potential for your account value, Protection of that account value that allows for future income and Safety provided by the company you purchase from.
These GPS Benefits can help you navigate a path for retirement wealth building backed by the assurance of solid protection.
If retirement security is your destination — Chart your course with a fixed indexed annuity that offers Growth Potential for the course ahead.
Fixed Indexed Annuities allow you to choose amongst a variety of interest crediting allocation options that can provide upside potential without the downside risk.
When choosing where to allocate your premium, you may want to consider the following factors that can affect your growth potential:
Crediting Period Length, Participation Rates, Interest Rate Spreads As well as Interest Rate Caps and Floors
In addition to Growth Potential, you may also want to consider a fixed indexed annuity for the Protection that it may offer in deferral and income phases.
Often times this sense of protection can be offered through optional income riders that can provide access to lifetime retirement income. When spousal coverage is available, this income rider may benefit both you and your spouse.
On the course ahead, Safety is also an important factor to consider.
When considering financial services and products, the resources of the financial services provider are paramount. Choosing a financially strong provider, like Columbus Life can help bring you a feeling of Safety as a result of their claims-paying ability. Confidence comes from knowing contractual promises will be fulfilled over time.
Consider the importance of ratings for financial strength, stability and operating performance as you navigate your course to a secure retirement.
Want to learn more about choosing a fixed indexed annuity from a strong provider like Columbus Life?
Ask your financial professional for more information about annuities from Columbus Life ¬– and see why a fixed indexed annuity can be your GPS for the course ahead!
Single Premium Deferred Annuity
A single premium deferred annuity allows for a single, lump-sum contribution. Your money grows tax-deferred until you withdraw it or begin receiving a stream of income payments.
The Passport Single Premium Deferred Annuity locks in a guaranteed, fixed interest rate for a certain time. Your money grows tax-deferred2 until it's withdrawn.
Single Premium Immediate Annuity
Unlike a deferred annuity, an immediate annuity permanently converts a lump sum into income payments right when you purchase the annuity. Single premium immediate annuities allow you to set up an immediate, steady income stream with a one-time, lump-sum contribution that can last as long as you live.
With a single premium immediate annuity, you can make a one-time payment into your annuity to receive a guaranteed income stream for life.3
1 Advantage is not a security. It does not participate in the stock market or any index. It is an insurance contract designed to help you address your long-term retirement income needs. 2Interest 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 An immediate annuity is permanent. Owner has no access to premium, which converts to an income payout stream. There is no cash value, no death benefit and the annuity can't be surrendered. Contract terms, such as payment amount and frequency, cannot be changed, unless commutation is available and elected. An immediate annuity should not be purchased if access may be needed to any of the premium for living expenses or other purposes.
Payment of the benefits of Columbus Life Insurance Company products is the obligation of, and is guaranteed by, Columbus Life. Guarantees are based on the claims-paying ability of Columbus Life. Products are backed by the full financial strength of Columbus Life Insurance Company, Cincinnati, Ohio. Columbus Life Insurance Company is a member of Western & Southern Financial Group, Inc.
Annuity contracts have terms and limitations for keeping them in force. Please contact a financial representative for complete details.
Earnings and pre-tax payments are subject to ordinary income tax at withdrawal. Withdrawals may be subject to charges. Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty. Neither Columbus Life, nor its agents, offer tax advice. For specific tax information, consult your attorney or tax advisor. Interest rates are declared by the insurance company at annual effective rates, taking into account daily compounding of interest.
This site is intended to provide a general overview of our products. Please review each product's Client Guide for full product details.
Single Premium Fixed Indexed Annuity contract series ICC14 ENT-03 1406, Guaranteed Lifetime Withdrawal Benefit Rider series ICC14 ER.03 GLWB-I 1406 and ICC14 ER.04 GLWB-S 1406, Single Premium Deferred Annuity contract series CL 77-I 0407 and CL 81-I 0407, Single Premium Immediate Annuity contract series CL 21 issued by Columbus Life Insurance Company.
These contracts and benefits may not be available in all states, and benefits may vary by state.
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