Passport

Single Premium Deferred Annuity

How do you picture your ideal retirement? Maybe it includes more travel, more time spent with family or more focus on lifelong hobbies. Or, perhaps it's simply a full life, free from health concerns and with enough money to feel secure.

Wherever you're headed in retirement, Passport can help with a single premium annuity that's tailored to your needs. Passport lets you lock in a guaranteed, fixed interest rate for a period of one, two, three, four, five or seven years1. And, your money grows tax-deferred until you decide to take withdrawals. The convenience of making one payment, combined with predictable growth — all with Passport.

Key Features

Interest rate guarantee periods of one, two, three, four, five or seven years (guarantee periods may vary by state).
Withdraw up to 10% of the contract value each year without incurring a surrender charge2.
Receive a 2% interest rate bonus in the first year.
Cancel at any time, and receive all contributed funds back (minus any withdrawals and surrender charges).

Eligibility

Ages
18-89, tax qualified and non-tax qualified (only transfer or rollover money after age 69)
Premiums
$5,000 minimum single premium, non-tax qualified
$2,000 minimum single premium, tax qualified
No subsequent premiums

Fees and Charges

Surrender Charges
Contract Year % Of Accumulation Value
1-3 7
4 6
5 5
6 4
7 3
8+ 0


1 Annual renewal rates are paid after the first guarantee period (Minimum rate is 1.00%).
2 Withdrawals and earnings are subject to ordinary income tax. Withdrawals prior to age 59 1/2 may incur an IRS 10% penalty tax. All withdrawals and payments during a guarantee period except death benefits and required minimum distributions are subject to a market value adjustment. Systematic withdrawals are not available if partial withdrawals have been made in the same contract year.
Withdrawals will reduce the contract 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 77 0103, CL 77 0301, CL77-I 0407, and rider series CLR-132 0010, CLR-133 0010 and CLR-186 0806.