Columbus Life vs Voya Financial
Comprehensive side-by-side comparison of indexed universal life insurance companies
Columbus Life
Founded: 1906
Cincinnati, Ohio
Assets
$45 billion group assets (Western & Southern)
IUL Experience
10+ years
Products
3
Avg Cap Rate
9%
Key Strengths
Offers 3+ IUL products
Indexed Explorer Plus, Indexed Explorer Now (rapid issue), Expedition SIUL (survivorship)
Voya Financial
Founded: 1991
New York, NY
Assets
$458 billion+ AUM
IUL Experience
5+ years
Products
5
Avg Cap Rate
9%
Key Strengths
Offers 5 IUL products
NOTE: Individual sales discontinued 2019-2020; primarily group/workplace only
Orange Pass accelerated underwriting
Detailed Feature Comparison
| Feature | Columbus Life | Voya Financial |
|---|---|---|
| Founded | 1906 | 1991 |
| Headquarters | Cincinnati, Ohio | New York, NY |
| Assets Under Management | $45 billion group assets (Western & Southern) | $458 billion+ AUM |
| Years in IUL Business | 10+ years | 5+ years |
| Number of IUL Products | 3 | 5 |
| Typical Cap Rate Range | 8% - 10% | 8% - 10% |
| Participation Rates | 110% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard, rapid issue available | Orange Pass: 5 business days |