NU Online News Service, April 16, 5:26 p.m. – Columbus Life Insurance Company, Cincinnati, is selling a new group of universal and variable-universal life insurance products aimed at the estate-planning market.

The policies in the new series, the Legacy Survivorship series, are “second-to-die” policies. Each policy covers two spouses. The policy pays off only when the second spouse dies.

The first product in the series is the Legacy Survivorship Universal Life policy, which offers a higher death benefit.

The second product, the Legacy Survivorship Variable Universal Life policy, is a cash accumulation product. Policyholders have a choice of 30 investment fund options, Columbus Life says.

Both products can be issued with one uninsurable spouse up to age 90, as long as the other spouse is at least age 85 and does qualify to buy life insurance.

Policyholders can use optional riders to extend the policy’s maturity past 100. Another optional rider protects policyholders against the possibility that the government might permanently repeal the federal estate tax.

Columbus Life is a unit of the Western & Southern Financial Group, Cincinnati.