1The No-Lapse Guarantee provision in the policy will keep the policy in force for the lifetime of the Insured, as long as you pay at least the No-Lapse Guarantee Minimum Monthly Premium as described in the policy. Withdrawals, loans and late payments may require that additional premium be paid to keep the No-Lapse Guarantee active. Review your contract carefully, it specifies factors that may reduce the amount of premium required to maintain the No-Lapse Guarantee for a limited period. Coverage could expire prior to the insured’s age 120 if premiums paid are not sufficient to continue coverage to that date.
2 Death Benefits from a life insurance policy are generally paid income tax-free to policy beneficiaries.
3 Flexibility only works if sufficient premiums are paid to avoid lapse. There must be enough cash value in the policy to cover monthly charges if a lower premium is paid than the amount selected at issue or if a premium payment is skipped. Additional premium payments may need to be made to keep the policy in force.
4 Accelerated death benefits will reduce the death benefit and may affect the available loan amount and other policy values. Receipt of Accelerated Benefit payments may adversely affect the recipient’s eligibility for Medicaid or other government benefits or entitlements. They may also be considered taxable by the Internal Revenue Service. You should contact your personal tax advisor for assistance.
5 Disability Credit Rider is referred to as Disability Benefit Rider in GA, MD and OK.
6 Insured Insurability Rider is referred to as Guaranteed Insurability Rider in MD and TX.
Product and rider provisions, availability, definitions, and benefits may vary by state.
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. Withdrawals and surrenders are tax-free up to the cost basis, provided the policy is not a MEC. Withdrawals may be subject to charges. 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.
Columbus Life Insurance Company is a member of Western & Southern Financial Group, Inc.
Voyager Flexible Premium Universal Life Insurance Policy series ICC10 CL 87 1006; Children’s Term Rider series ICC18 CLR-135 1803; Accidental Death Rider series CLR-136 0101; Accelerated Death Benefit Riders series CLR-137 1208, CLR-143 1208, and CLR-202 1409; Disability Credit Rider series CLR-174 0707; Other Insured Rider series ICC18 CLR-177 1803; Change of Insured Rider series CLR-160 0308; and Insured Insurability Rider series CLR-138 0101.
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.