Our Family of Companies
western & southern financial group logo
western & southern life logo
columbus life logo
eagle realty group logo
Fabric by Gerber Life
fort washington logo
gerber life logo
integrity life logo
lafayette life logo
national integrity life logo
touchstone investments logo
w&s financial group distributors logo
couple walking across bridge

Providing You Guaranteed Income For Life With LifeSource Plus® Single Premium Immediate Annuity

You've spent a lifetime growing your retirement savings. So now that you have these funds, the decisions you make about how to manage them for the rest of your life are even more important. Ultimately, how do you ensure that you don't outlive your money? 

With a LifeSource Plus® Single Premium Immediate Annuity, you can convert a portion of your assets into a steady stream of income for a lifetime. You make a one-time payment into your annuity, and your annuity provides a guaranteed income stream for a certain number of years — or for your entire lifetime — depending on your payout option.
This product has specific eligibility requirements.

18-85, age last birthday without life contingencies $10,000 minimum single premium (subject to minimum monthly income payment of $100)
50-85, age last birthday with life contingencies No subsequent premiums

Key Features of LifeSource Plus Single Premium Immediate Annuity

Begin receiving income payments immediately, once we receive your single premium and issue the contract¹
Choose the amount of time your payouts will last; either for a certain period or — with a life contingency option — for your entire lifetime
Seven income payout options available to select how your income stream will be delivered
Reliable, steady income: the amount & frequency of your payments does not change¹

Discover Our Other Products

Advantage Fixed Indexed Annuity

The Advantage Single Premium Fixed Indexed Annuity provides an optional Guaranteed Lifetime Withdrawal Benefit (GLWB) with growth potential in four allocation options.
Learn More About Advantage Fixed Indexed Annuities

Passport Single Premium Deferred Annuity

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 Your money grows tax-deferred2 until it's withdrawn.
Learn More About Passport Single Premium Deferred Annuities
accountmax market value adjusted fixed annuity

AccountMax Market Value Adjusted Fixed Annuity

Columbus Life’s AccountMax Single Premium Deferred Annuity with a market value adjustment offers growth potential and flexibility in one product. 
Learn More About AccountMax Market Value Adjusted Annuities

Contract is permanent and does not have a cash value.
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.

An immediate annuity is permanent. An owner has no access to the premium, which converts to a stream of income payouts. There is no cash value, no death benefit and can't be surrendered. Terms, such as the payment amounts 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.

Payouts end at annuitant death unless certain period or installment refund option elected. Life contingent payout may be less or more than premium based on length of annuitant(s) life. Life and Temporary life payouts provide no benefit on or after the death of the annuitant(s). If a payout for life or for two lives is selected, whether the payouts received are less than or greater than the premium paid will depend on how long the annuitant(s) lives. If death occurs after any guaranteed income payouts have been made, no additional payments will be made to the beneficiary.

Annuity products are not bank products, are not a deposit, are not insured by the FDIC, nor any other federal entity, have no bank guarantee, and may lose value.

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.

Earnings and pre-tax payments are subject to 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. Interest rates are declared by the insurance company at annual effective rates, taking into account daily compounding of interest.

Columbus Life is licensed in the District of Columbia and all states except New York.

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.

Single Premium Immediate Annuity Contract Series CL-21
issued by Columbus Life Insurance Company. Product and feature availability, as well as benefit provisions, vary by state.