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.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 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 are based on current simulation settings with premium amount $100,000.00
| $2,000.00 - $1,000,000.00 | 5.7% |
| Features | |
| Maximum Issue Age | 89 years |
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