Columbus Life Insurance Company
Columbus Life Passport 7
About this product
Columbus Life Passport 7 is a single premium deferred fixed annuity designed to offer long-term security through a 7-year guaranteed interest rate period. Issued by Columbus Life Insurance Company, it provides clients with the opportunity for tax-deferred growth, flexible access to funds through annual penalty-free withdrawals, and protection of principal. This annuity is well-suited for conservative investors seeking predictable accumulation with competitive first-year rate enhancements and a strong financial foundation.
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