Columbus Life Insurance Company
About Columbus Life
Columbus Life is a highly-rated life insurance company providing personal life, retirement and business planning solutions through a nationwide network of independent representatives. Financial strength is our enduring legacy and has been a cornerstone of our success since our 1906 founding as Columbus Mutual.
At Columbus Life we provide solutions to personal and business financial planning challenges with a diverse and competitive product portfolio.
There may be times when you need financial protection for a limited period. Term life insurance provides maximum protection with minimal cost, with coverage for a specific period of time. It is pure life insurance that does not increase in value. If you die within the designated time frame, your beneficiaries will receive the death benefit amount. The younger you are, the lower the premium — or price — you pay for term insurance. Some term products offer flexible features such as convertibility to a permanent product and return of premium – these are a good choice when you cannot predict your future needs.
Convertibility means when you decide that you need a more permanent form of insurance, your policy can be converted into a permanent life product without new evidence of insurability. Return of premium allows you to recover part of your insurance premiums at the end of the agreed upon term if you are still living. Term is an ideal solution for a variety of business and personal challenges that could arise from an unexpected death:
Protection for a mortgage, car loan or other personal debt
Maintain your family’s standard of living
Provide for your children’s education expenses
Cover a business loan
Fund a buy/sell agreement for your business
Financial protection for your business from loss of a key employee
Pay for final expenses
Cover final medical bills