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.