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Columbus Life Insurance Company
About the Company
Columbus Life Insurance Company was founded as Columbus Mutual in 1906. By 1910, Columbus Mutual had $1.75 million in life insurance in force. By 1927, they had $100 million in life insurance, and by 1999 they had 2 billion in assets. In 2005, Columbus Life joined Western Southern Financial Group and Lafayette Life Insurance Company as their partner.
Columbus's guiding principles are as follows:
- Be consumer-focused at all times.
- Achieve operational excellence in all we do.
- Continually work to balance the interests of our stakeholders.
- Foster lifetime relationships with our stakeholders.
- Generate continuous growth in our businesses.
- Maintain strong financial ratings through consistently profitable businesses.
Term Life Insurance Products
Columbus Life Insurance Company's term life insurance products offer the following features and benefits:
- Term life insurance provides policyholders with protection for a specific period of time. It is considered a temporary policy.
- If you pass on while your policy is in effect, your beneficiary will receive a death benefit. If you do not pass on while the policy is in effect, neither you nor your beneficiary will receive a death benefit.
- The younger and better health you have when you apply, the lower your premiums will be.
- Some of Columbus's term life products are convertible. That means that if, at the end of your term, you want to convert your policy into a permanent one, you may.
- You can also choose a return of premium option with your term life plan. This policy allows you to reclaim part of your premium payments if you do not collect your death benefit.
- Term life policies are excellent for people who wish to protect their family from financial hardships if they pass on.
Columbus Life Financial Ratings
Standard & Poor's: AA+
Fitch Ratings: AA+
A.M. Best: A++
Moody's: Aa2
Comdex: 98
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