Balancing Growth & Security for Your Retirement With AccountMax Market Value Adjusted Annuity
Balancing growth with security is important, whether you're headed for retirement or you're already there. That's why our AccountMax Single Premium Deferred Annuity1 with a market value adjustment (MVA) offers both stability and growth potential in a single annuity product.
AccountMax combines guaranteed rate terms with the possibility for higher interest rates. Lock in a guaranteed, competitive interest rate for up to ten years and earn credit at the end of your renewal period.
All of this, combined with an optional Enhanced Death Benefit, helps AccountMax provide the guarantees you need with the flexibility you're looking for.
This product has specific eligibility requirements.
18-89, tax qualified (only transfer or rollover money after age 69) & non-tax qualified
$10,000 minimum single premium
No subsequent premiums
Key Features of AccountMax Market Value Adjusted Annuity
Choose an interest rate guarantee period for seven or ten years²
Withdraw up to 10% of the contract value each year without incurring a surrender charge3
Optional death benefit protection with the Enhanced Death Benefit Rider
First-year 2% interest rate bonus4
Variety of guaranteed income options, including scheduled payments for life, income payments for a select period or even a one-time payment5
Available Benefits of AccountMax MVA Annuity
Security for your loved ones is paramount — the optional Enhanced Death Benefit Rider within AccountMax can help preserve the value of your annuity for your beneficiaries. This benefit offers additional protection to help offset any expenses that beneficiaries could incur after your death.
AccountMax also has a market value adjustment (MVA) on withdrawals taken during the guarantee period - if you decide to make a withdrawal, your account's value will adjust depending on the interest rate offered at that time. If we offer higher interest rates, your account's value may be higher; if we offer lower interest rates, your account's value may be lower.
Find Out More About AccountMax Single Premium Deferred Annuity
1 These contracts and benefits may not be available in all states, and benefits may vary by state. 2 Annual renewal rates are paid after the first guarantee period (Minimum rate is 1.00%). 3 Withdrawals and earnings are subject to ordinary income tax. Withdrawals prior to age 59 1/2 may incur an IRS 10% penalty tax. The minimum withdrawal is $250 and at least $2,500 must remain in the account after the withdrawal. All withdrawals and payments during a guarantee period except death benefits and required minimum distributions are subject to a market value adjustment. Systematic withdrawals are not available if partial withdrawals have been made in the same contract year. Withdrawals will reduce the contract value. Withdrawals in excess of this amount are subject to surrender charges. 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%. Neither Columbus Life Insurance Company nor its agents, offer tax advice. For specific tax information, consult your attorney or tax advisor. 4 Following the first year, the initial rate less the enhancement will be guaranteed for the remainder of the period you selected. 5 Withdrawals and earnings are subject to ordinary income tax. Withdrawals prior to age 59 1/2 may incur an IRS 10% penalty tax. All withdrawals and payments during a guarantee period except death benefits and required minimum distributions are subject to a market value adjustment. Systematic withdrawals are not available if partial withdrawals have been made in the same contract year. Withdrawals will reduce the contract value. 6Interest 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.
Payment of the benefits of Columbus Life Insurance Company 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.
Columbus Life Insurance Company is a member of Western & Southern Financial Group, Inc.
Contract series Single Premium Deferred Fixed Annuity CL 81-I 0407, Additional Waiver of Surrender Charge Rider (Terminal Illness) series CLR-132 0010, Additional Waiver of Surrender Charge Rider (Long Term Care) CLR-133 0010 and Enhanced Death Benefit Rider CLR-156 0208 issued by Columbus Life Insurance Company.
Ready to Continue?
You have clicked a link to access information on a new website, so you will be leaving westernsouthern.com.
Because this new site is independent, Western & Southern Financial Group neither manages nor assumes responsibility for its content.