Caring Solutions
With its unique design, Caring Solutions®* can be used to build a plan that includes up to four adults and all eligible children in one policy. Caring Solutions® is available in face amounts from $20,000 to $99,999 and can include the following riders:
- The Accelerated Death Benefit Rider allows the policyowner to elect to receive a 50% advance on the base policy death benefit if the insured is diagnosed with a terminal condition and a life expectancy of 12 months or less (24 months in states where required). Receipt of the accelerated death benefit may affect eligibility for public assistance programs and may be taxable.
- The Accidental Death Benefit Rider pays an additional benefit equal to the face amount of the policy, up to a maximum of $250,000, for accidental death.
- The Children's Term Insurance Rider provides level term insurance on all eligible children to age 25, including natural born children, stepchildren and legally adopted children of the insured. Children becoming eligible after the rider is issued are automatically covered as long as they are within the issuable ages.
- The Level Term to Age 65 Rider provides the primary insured with additional level term insurance to age 65.
- The Other Insured Rider provides level term coverage to age 65 for up to three additional insureds in whom the policyowner has an insurable interest.
- The Waiver of Premium Rider waives premiums if the insured is totally disabled for six months or more.
MDO Whole Life
Columbian's Monthly Debit Ordinary (MDO) Whole Life plan is whole life insurance designed for people who buy small amounts of insurance and may need to have their premiums collected by an agent. MDO Whole Life has premiums payable for the lifetime of the insured. The plan is available in amounts from $2,500 to $15,000.
The wide variety of riders available make it easy to customize the coverage to fit the needs of most families:
The wide variety of riders available make it easy to customize the coverage to fit the needs of most families:
- The Accidental Death Benefit Rider provides an additional death benefit equal to the face amount of the base policy, payable for accidental death of the insured while the rider is in effect. If injury causing death is sustained while the insured is a passenger in a public transit vehicle or a school bus, the accidental death benefit is doubled.
- The Children's Insurance Rider provides level term insurance on all eligible children to age 25, including natural born children, stepchildren and legally adopted children of the primary insured. Children becoming eligible after the rider is issued are automatically covered as long as they are within issuable ages.
- The Term to Age 65 Rider provides additional level term coverage on the Primary Insured.
- The Other Insured Rider provides level term coverage on one additional person in whom the Primary Insured has an insurable interest.
- The Waiver of Premium Rider waives payment of premiums after six months of total and continuous disability, if the disability occurs while the rider is in effect.