Oxford Life Income Protector Annuity

Enjoy the stability of predictable growth combined with an option of lifetime income. The Oxford Life Income Protector offers an interest rate that is guaranteed for five years, so the growth of your account is steady and predictable. Please see below for more product information.

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Income Protector Annuity Policy Features

  • Interest rate is locked-in and guaranteed for five years1
  • Designed for long-term accumulation of funds and building retirement income
  • Access to your money when needed most:
    • Penalty Free Interest Only Withdrawals during year one
    • 10% Free Withdrawal Provision after year one

Surrender/Withdrawal Charge Schedule

Policy Year 1 2 3 4 5 First
6 7 8 9 10 11+
10% 9% 8% 7% 6% 0% 5% 4% 3% 2% 1% 0%

Surrender/withdrawal charges and a market value adjustment apply during the first ten contract years. The early surrender/withdrawal charge is 10% in the first year and reduces 1% each year thereafter. After the fifth contract year, there is a 30-day window of time, beginning in the sixth year, in which you may withdraw all or part of your funds without any surrender/withdrawal charges. If you surrender or withdrawal funds from your annuity before the end of the tenth contract year, excluding the 30-day window, surrender/withdrawal charges and a market value adjustment will not be applied in the following cases:

  • All interest earned on your initial premium deposit, only in the first contract year, may be withdrawn immediately
  • 10% Free Withdrawal Provision after the first contract year
  • Waiver of Surrender/Withdrawal Charges for *:
    • Home Health Care Benefit
    • Terminal Illness Benefit
    • Nursing Home Benefit

1 Interest rate is guaranteed for five years and will not change until after the fifth contract year. Your interest rate is guaranteed never to fall below 1%. All guarantees made are that of Oxford Life Insurance Company.

2Neither Oxford Life Insurance Company, its affiliates, nor any of its representatives may provide tax or legal advice. Individuals should consult their tax advisor or legal counsel for specific advice and information regarding their individual situation. The Oxford Life Income Protector annuity is issued by Oxford Life Insurance Company. Oxford Life assumes the investment risk and guarantees payment, subject to its claims-paying ability. Withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. If withdrawals and other distributions are taken prior to age 591/2, a 10% federal tax penalty may apply. Withdrawals will reduce the value of the death benefit. Oxford Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York and Vermont. For use with Oxford Life policy forms SPMGA-MVA. Product not available in all states. All guarantees made are that of Oxford Life Insurance Company. Not a bank or credit union guarantee. Not FDIC/NCUA insured. Not insured by any federal government agency. A comprehensive description of the policy benefits, costs, exclusions, limitations and terms is available to you upon request.

3A market value adjustment may reduce or increase the amount received from a withdrawal or surrender. A withdrawal or surrender may result in a loss of principal and earnings due to surrender charges and market value adjustment.

© 2014 Oxford Life