NU Online News Service, Oct. 2, 2003, 4:32 p.m. EDT – Columbus Life Insurance Company, Cincinnati, has introduced the Explorer II Universal Life policy, a universal life policy aimed at wealthy individuals and small business owners.
The new version of the Explorer UL policy comes with an additional supplemental coverage rider, Columbus Life says.
The policy also includes a built-in extended maturity benefit for coverage past age 100. The benefit pays either a specified amount or, if the cash surrender value is higher, the cash surrender value.