1 Loans will accrue interest. 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 and charges.
2 Death Benefits from a life insurance policy are generally paid income tax-free to policy beneficiaries.
3 Accelerated death benefits will reduce the death benefit and may affect the available loan amount and other policy values.
4 Withdrawals, loans and late payments may require that additional premium be paid to keep the No-Lapse Guarantee active.
5 Disability Credit Rider is referred to as Disability Benefit Rider in GA, MD and OK.
6 By paying only the minimum No-Lapse Guarantee premium, you may be forgoing the opportunity to build a higher Account Value. At the end of the No-Lapse Guarantee period provided by either the policy or the rider, you may need to make significant additional premium payments. Withdrawals and loan indebtedness will cause an increase in the premium requirement under the Base and Extended Guarantees. Non-payment of the required minimum premium and changes to the specified amount or Death Benefit option may also damage the No-Lapse Guarantee feature. If the rider lapses, it may not be reinstated. All No-Lapse Guarantees take into account the time value of money (at 5.50% annual interest rate) with respect to premium payments and withdrawals.
7 Insured Insurability Rider is referred to as Guaranteed Insurability Rider in MD and TX.
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.
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.
Flexible Premium Universal Life Insurance Policy series ICC19 CL 85 1901, Accelerated Death Benefit Rider series CLR-137 1208, CLR-143 1208, CLR-179 1208, CLR-202 1409, Enhanced Cash Value Rider series ICC21 CLR-210 2102; Overloan Protection Rider series CLR-178 0707, Supplemental Coverage Rider series ICC19 CLR-176 1901, Extended No-Lapse Guarantee Rider series CLR-175 0707, Change of Insured Rider series CLR-160 0308, Other Insured Term Rider series ICC18 CLR-177 1803, Children's Term Rider series ICC18 CLR-135 1803, Disability Credit Rider series CLR-174 0707, Insured Insurability Rider series, CLR-138 0101, Accidental Death Rider series CLR-136 0101 issued by Columbus Life Insurance Company.
Product and rider provisions, availability, definitions, and benefits may vary by state.
Columbus Life Insurance Company, Cincinnati, Ohio, is licensed in the District of Columbia and all states except New York.