Simulation & Edit Mode
Active Product: Columbus Life – Passport MYGA (7-Year Term)
Columbus Life – Passport MYGA (7-Year Term)
About this product
Columbus Life’s Passport® is a single-premium deferred fixed annuity that offers principal protection and tax-deferred interest growth, with the ability to lock in a guaranteed interest rate for a selected period of one, two, three, four, five, or seven years (availability varies by state). It includes a first-year 2% interest rate enhancement and a money-back guarantee feature (subject to surrender charges through year seven), making it a straightforward accumulation option for conservative, long-term savers.
Important Disclaimer
The results displayed here are for simulation purposes only and do not represent financial advice or real-world values. Please consult a qualified financial professional before making any investment decisions.
Available Rates
| 1 Years | 5.70% |
| 2 Years | 5.65% |
| 3 Years | 5.60% |
| 4 Years | 5.50% |
| 5 Years | 5.50% |
| 7 Years | 5.35% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $2,000.00 - $1,000,000.00 | 5.70% |
Features
| Maximum Issue Age | 89 years |
Growth Projection
How your money grows
Based on your issue age (80) and target payout age (87), the following guarantee period will be applied:
| Guarantee Period | 7 years |
| Rate | 5.35% |
| Age | 80 - 87 |
Summary
| Total years to payout | 10 |
| Total guarantee periods applied | 2 |
Lifetime Income Details
Payout Options
Additional Options
Actual payout options may vary by insurance carrier and specific products. Common alternatives include:
Life Income Only
Payments for the rest of your life, stopping upon death
Period Certain
Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain
Lifetime payments with a minimum guaranteed period
Joint Life
Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal
Regular withdrawals of a specified amount or percentage