Oxford Life Select Annuity

The Select Annuity offers a great opportunity to benefit from the increase of the stock market without the downside risk of owning stock. This policy does not participate directly in any stock or equity investments. At the time of application, this product also allows you to elect the optional Guaranteed Lifetime Withdrawal Benefit rider designed to generate a higher level of guaranteed lifetime income. Issue ages for this product range from 18-80.

Oxford Life Select Annuity Policy Features

The highest caps offered by Oxford Life - earn more from market increases

  • Designed for long-term accumulation of funds and building retirement income
  • Guaranteed Lifetime Withdrawal Benefit (GLWB) - for an additional annual fee of only .95% of the accumulation value
  • Income account accumulates at a rate of 6.75%1. The income account may not be distributed as a lump sum and is only used to calculate the monthly GLWB payments
  • Both single and joint payout options are available2
  • Ability to start and stop income at any time3
  • Access to your money:
    • Waiver of withdrawal charges rider for terminal illness, home healthcare and nursing home4
    • Penalty Free Interest Only Withdrawals during year one
    • 10% Free Withdrawal Provision after year one

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Surrender/Withdrawal Charge Schedule

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

Surrender/withdrawal charges and a market value adjustment6 apply during the first ten contract years. The early surrender/withdrawal charge is 10% in the first year and reduces 1% each year thereafter. If you surrender or withdraw funds from your annuity before the end of the tenth contract year, surrender/withdrawal charges and a market value adjustment will not be applied in the following cases:

  • 10% Free Withdrawal Provision after the first contract year
  • Waiver of Surrender/Withdrawal Charges for5:
  • Home Health Care Benefit
  • Terminal Illness Benefit
  • Nursing Home Benefit

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Neither 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 Select 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 59 1/2, 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 FIA600, GLWB210, DA520 and state-specific variations where applicable. 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. An investment in these contracts is subject to possible loss of principal and earnings, since a surrender charge and market value adjustment may apply to withdrawals or upon surrender of the contract.