Help Provide Financial Protection for Your Future With Life Insurance
Life insurance is an essential part of a complete financial plan. Whether you need the temporary protection of term, or a more permanent solution like universal life, your independent life insurance professional appointed with Columbus Life can help you make the right choice. The type of life insurance you should choose depends on your life stage, where you are in your life, how long you will need coverage and whether you want the opportunity to build money inside your life insurance policy — called cash value. Life insurance also includes specialized riders that may be combined with your policy to help provide benefits while you are still living, and protection for your estate when you die.
Universal Life Insurance
Universal life insurance can offer the best of two worlds — a fixed amount of coverage with a tax-deferred, cash accumulation account based on current interest rates. Indexed universal life, a specific type of universal life insurance, builds cash value inside your policy through indexed interest credits, and can provide protection from downside market index risk through a minimum interest rate guarantee1.
Explorer Plus Universal Life Insurance helps protect those you care about while building potential income for yourself with a no-lapse guarantee option to give you flexibility.
Indexed Universal Life 101
Columbus Life’s Indexed Universal Life (IUL) Insurance helps provide death benefit protection today and flexibility to cover future needs.
Indexed Universal Life 101
Indexed Universal Life It SIMPLY Fits!
As life changes, so does your need for life insurance protection.
In addition to death benefit protection, a key advantage of an indexed universal life or IUL product is the flexibility to design and revise your coverage to help meet your needs, both today and in the future.
An IUL is a permanent life insurance product designed for long-term cash value accumulation and income potential. With your choice of allocation options, an IUL allows your funds to grow based on the performance of an underlying index.
With multiple loan options available to access your Cash Value, you could benefit from tax-free Income — making an IUL an attractive vehicle for meeting intermediate goals such as education funding or long term goals such as supplemental retirement income planning.
Indexed Universal Life also provides a competitive balance of Maximizing Income Potential and downside protection that can help Minimize Risk of lower returns.
Additionally, life insurance can be much more with the additional protection of Living Benefits.
An IUL with an accelerated death benefit rider allows you to receive an advance portion of the policy’s death benefit, providing you meet one of the qualifying events. Early access to policy benefits could help improve your quality of life and help protect you and your loved ones when financial hardships arise. Connecting life insurance, especially an IUL, with Living Benefits can be financially powerful combination for your future.
Indexed Universal Life, It Simply Fits!
Want to learn more about how Columbus Life’s Indexed Universal Life product can help achieve your financial goals?
Ask your financial professional for more information about life insurance from Columbus Life ¬– and see why Indexed Universal Life SIMPLY Fits!
Term Life Insurance
There may be times when you need financial protection for only a limited time. Term life insurance can provide maximum protection and costs less than a permanent plan of insurance. Term life insurance can also be converted to a more permanent life insurance plan at a later time up to age 70 or when the term ends .
Nautical Term Life Insurance provides full life insurance coverage for a specific time period. Policies available with terms of 10, 15, 20 or 30 years.
Survivorship Universal Life Insurance
Survivorship universal life insurance is a flexible premium life product
that insures the lives of two people with the death benefit payable
when the second person dies. It can be a key part of your financial
strategy2 to ensure that funds are available for your loved ones when
they need them most.
Legacy Plus Survivorship Universal Life Insurance covers two people in one policy, making it flexible enough for estate planning and business planning scenarios.
The Life Plus Accelerated Death Benefit Rider gives you the
flexibility to access part of your policy's death benefit while you're
still living. This money can then be used to help pay medical bills,
mortgage and home maintenance costs, or even the trip of a lifetime. For additional important information about disclosures, view the Life Plus Accelerated Death Benefit Rider page below.
The Life Plus Accelerated Death Benefit Rider3 provides an advance of a portion of a death benefit if you are eligible as a result of chronic illness, terminal illness and specified medical conditions.
The Power of Living Benefits
Columbus Life’s Accelerated Death Benefit Rider gives you the power to access a portion of your life insurance policy’s death benefit while you are still living.4
The Power of Living Benefits
Life doesn’t always go the way we plan.
But with a bit of planning and the right type of protection in place, some of life’s toughest challenges become a bit easier to face.
With the potential of an income tax-free death benefit for your beneficiaries, life insurance already plays an important role in helping to protect your family. However, we at Columbus Life know that life insurance can do even more to help.
That’s why we offer an Accelerated Death Benefit Rider. That gives policyholders early access to a portion of their death benefit if they’re facing life events such as terminal illness, a chronic illness or any of the other medical conditions that can be specified in the rider – Things like certain heart conditions, a serious stroke, and life-threatening cancers.
As long as you qualify for the coverage, a rider like this is automatically included with your policy at no additional premium cost.
An Accelerated Death Benefit Rider can help provide the flexibility to take an advance as a lump sum or as periodic payments.
Allowing you the freedom to spend it however you choose – because medical bills are not the only burden a serious illness can create.
Some people use the accelerated death benefit rider advance to pay down bills, others to cover lost income and pay for day-to-day- expenses, while others use it to create lasting memories with those they love. It’s completely up to you.
Want to learn more about how Columbus Life’s Accelerated Death Benefit Rider can help protect your family?
Ask your financial professional for more information about life insurance from Columbus Life ¬– and see how an Accelerated Death Benefit Rider can help make even life’s toughest challenges a bit easier to face.
1 Index returns do not guarantee that the policy will stay in force. 2 Lifetime benefits are subject to policy having sufficient cash value; use of cash value may reduce death benefit
3 Product provisions, availability, definitions and benefits may vary by state. 4 We recommend that you contact your tax advisor when making decisions about electing to receive benefits from any accelerated benefit product, as the owner may incur a tax obligation.
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. Earnings and pre-tax payments are subject to ordinary income tax at withdrawal. Withdrawals may be subject to charges. Neither Columbus Life Insurance Company nor its agents, offer tax advice. For specific tax information, consult your attorney or tax advisor. The information provided is for educational purposes only. Interest rates are declared by the insurance company at annual effective rates, taking into account daily compounding of interest.
Columbus Life Insurance Company is a member of Western & Southern Financial Group, Inc.
Term Life Insurance Policy series ICC19 CL 83 1901, Flexible Premium Universal Life Insurance Policy series ICC19 CL 85 1901, ICC10 CL 87 1006 and Flexible Premium Adjustable Life Policy with Indexed Options series ICC17 CL 88 1708, Flexible Premium Survivorship Universal Life Insurance Policy series CL 89 0806. Accelerated Death Benefit Rider series CLR-202 1409, CLR-201 1208, CLR-137 1208, CLR-143 1208 and CLR-161 1208 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.
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