Advantage

Fixed Indexed Annuity

Having choices gives you the opportunity to shape your future. The Advantage fixed indexed annuity gives you both choice and potential in one contract that can help prepare your path to retirement security. With growth potential in six allocation options — three of them linked in part to market indexes — you can allocate your premium among all these choices, or just a few. It's up to you.

Key Features

Split premium among six allocation options to help your money grow.
Allocation options include two linked to the S&P 500® Index, three linked to a custom-designed GS Momentum Builder® Multi-Asset Class Index from Goldman Sachs, and a fixed interest option.
Interest rates can never be negative, even if the index goes down.
Once it's credited, interest can also never be lost due to index decline.
Optional Guaranteed Lifetime Withdrawal Benefit1.

Eligibility

Ages
18-85, tax qualified and non-tax qualified
45-80 GLWB Rider
Premiums
$15,000 minimum single premium
No subsequent premiums

Fees and Charges

Withdrawal Charges
Contract Year % Of Accumulation Value
  7 Year5 10 year
12 9 9
2 8.5 8.5
3 8 8
4 7 7
5 6 6
6 5 5
73 4 4
8 0 3
9 0 2
104 0 1
11+ 0 0
California Withdrawal Charges
Contract Year % Of Accumulation Value
  7 Year5 10 year
12 9 9
2 8 8
3 7 7
4 6 6
5 5 5
6 4 4
73 3 3
8 0 2
9 0 1
104 0 0
11+ 0 0


Available Benefits

Predictable, sustainable income for life - Advantage's optional Guaranteed Lifetime Withdrawal Benefit may be able to help secure it for you. The lifetime payout amount cannot be exhausted by market losses or guaranteed withdrawals...which may provide a guaranteed income stream that can last a lifetime.


1 This optional rider is only available at issue and for an additional charge - 0.95% (1.50% max) of benefit base. Either the individual or spousal benefit can be selected. Spousal benefit not available in CT. In OR, spouse includes domestic partner, except as required by Section 72(s) of the Internal Revenue Code. Individual (and covered spouse, if spousal coverage is elected) must be age 45-80.
2 The first "year" of the withdrawal charge period begins at issue, and ends at the end of the first Index Year. Charges apply to full surrenders prior to the sweep date.
3 The withdrawal charge period will end on the day before the seventh contract anniversary, regardless of when the seventh index year ends.
4 The withdrawal charge period will end on the day before the tenth contract anniversary, regardless of when the tenth index year ends.
5 Election of 7-year withdrawal charge period will reduce one or more of the following: credited interest rates, participation rates and/or interest rate caps.
The “S&P 500” is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”), and has been licensed for use by Columbus Life Insurance Company. Standard & Poor’s®, S&P®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Columbus Life Insurance Company. Advantage is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.
This fixed indexed annuity is not sponsored, endorsed, sold, guaranteed, underwritten, distributed or promoted by Goldman, Sachs & Co. LLC or any of its affiliates with the exception of any endorsement, sales, distribution or promotion of this product that may occur through its affiliates that are licensed insurance agencies (excluding such affiliates, individually and collectively referred to as “Goldman Sachs”). Goldman Sachs makes no representation or warranty, express or implied, regarding the advisability of investing in annuities generally or in fixed indexed annuities or the investment strategy underlying this fixed indexed annuity, particularly, the ability of the GS Momentum Builder® Multi-Asset Class Index to perform as intended, the merit (if any) of obtaining exposure to the GS Momentum Builder® Multi-Asset Class Index, or the suitability of purchasing or holding interests in this fixed indexed annuity. Goldman Sachs does not have any obligation to take the needs of the holders of this fixed indexed annuity into consideration in determining, composing or calculating the GS Momentum Builder® Multi-Asset Class Index. GOLDMAN SACHS DOES NOT GUARANTEE THE ACCURACY AND/OR COMPLETENESS OF GS MOMENTUM BUILDER® MULTI-ASSET CLASS INDEX OR OF THE METHODOLOGY UNDERLYING THE INDEX, THE CALCULATION OF THE INDEX OR Page | 6 Advertising Review – Product Specific Procedures Last updated 05/18/2017 ANY DATA SUPPLIED BY IT FOR USE IN CONNECTION WITH THIS FIXED INDEXED ANNUITY. GOLDMAN SACHS EXPRESSLY DISCLAIMS ALL LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGE EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
“Goldman Sachs,” “Goldman,” “GS Momentum Builder®,” and “GS Momentum Builder® Multi-Asset Class Index” are trademarks or service marks of Goldman, Sachs & Co. LLC and have been licensed for use by the insurance company issuing this annuity for use in connection with certain fixed indexed annuities.
Earnings and pre-tax payments are subject to ordinary income tax at withdrawal. Withdrawals may be subject to charges. Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty. 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. Product and feature availability, as well as benefit provisions, varies by state.
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.
Product issued by Columbus Life Insurance Company, Cincinnati, OH. Columbus Life is licensed in the District of Columbia and all states except New York, and is a member of Western & Southern Financial Group, Inc. Single Premium Deferred Annuity Contract with Indexed Interest Options series ICC14 ENT-03 1406, Guaranteed Lifetime Withdrawal Benefit Rider series ICC14 ER.03 GLWB-I 1406 and ICC14 ER.04 GLWB-S 1406, ICC14 EE.21 GMAV-7 1406 and ICC14 EE.22 GMAV-10 1406,ICC14 EE.23 SI-MY-PTP 1406, ICC14 EE.23 SI-PTP 1406, ICC14 EE.23 SI-MA 1406, ICC15 EE.23 SI-OY-PTP 1511, ICC14 EE.24 ROP 1406, ICC14 EE.25 WWC 1406.
Payment of the benefits of Columbus Life Insurance Company products is the obligation of, and is guaranteed by, Columbus Life. Guarantees are based on the claims-paying ability of Columbus Life. Products are backed by the full financial strength of Columbus Life Insurance Company, Cincinnati, Ohio.
This site is intended to provide a general overview of our products. Please review each product's Client Guide for full product details.
Columbus Life Insurance Company, Cincinnati, Ohio is licensed in the District of Columbia and all states except New York.