NU Online News Service, Sept. 9, 2003, 3:50 p.m. EDT – Columbus Life Insurance Company, Cincinnati, has introduced the Explorer II Universal Life policy.
The policy includes a new supplemental life coverage rider, the company says.
The new policy also has a built-in extended maturity benefit for coverage past age 100 and repriced “no-lapse guarantees” that offer catch-up provisions for reinstatement if premium payments drop below a certain level.
Policy owners get an enhanced interest bonus after 13 years, Columbia Life says.
Columbus Life is a unit of Western & Southern Financial Group, Cincinnati.