LifeSource Plus®

Single Premium Immediate Annuity

You've spent a lifetime growing your retirement savings. So now that you have these funds, the decisions you make about how to manage them for the rest of your life are even more important. Ultimately, how do you ensure that you don't outlive your money?

With a LifeSource Plus® single premium immediate annuity, you can convert a portion of your assets into a steady stream of income for a lifetime. You make a one-time payment into your annuity, and your annuity provides a guaranteed income stream for a certain number of years — or for life — depending on your payout option.

Key Features

Begin receiving income payments immediately, once we receive your single premium and issue the contract1.
Choose the amount of time your payouts will last; either for a certain period or — with a life contingency option — for life.
Seven income payout options available to select how your income stream will be delivered.
Reliable, steady income: the amount and frequency of your payments does not change1.

Eligibility

Ages
18-85, age last birthday without life contingencies
50-85, age last birthday with life contingencies
Premiums
$10,000 minimum single premium (subject to minimum monthly income payment of $100)
No subsequent premiums

Fees and Charges

Surrender Charges
Surrenders are not allowed. Beneficiary may elect to receive commuted value of any remaining guaranteed payments.


1Contract is permanent and does not have a cash value.
Payment of the benefits of Columbus Life Insurance Company products is backed by the full financial strength of Columbus Life Insurance Company, Cincinnati, Ohio. Policy, rider features and benefits may vary and may not be available in all states.
Guarantees are based on the claims-paying ability of Columbus Life Insurance Company.
Annuity products are not bank products, are not a deposit, are not insured by the FDIC, nor any other federal entity, have no bank guarantee and may lose value.
This site is intended to provide a general overview of our products. Please review each product's Producer Guide, Client Guide, and Product Specification Sheet for full product details.
Columbus Life Insurance Company, Cincinnati, OH is licensed in the District of Columbia and all states except New York.
Contract series CL-21.