Oxford Life Insurance Company: In the News

Oxford Life Insurance now offers additional benefits for its customers. Policyholders can now enroll into ChooseHealthy and Individual Vision Plans from VSP.

Oxford Life is excited about the opportunity to promote health, fitness and overall wellness to its policyholders. Both programs offer discounts on brand health products at no extra cost.

Original press release was published December 20th, 2019 on PR Newswire.

InstaWrite is now available for Medicare Supplement policies. Interviews are no longer required to sell Medicare Supplement with InstaWrite.

The calculator will create a combination of strategies to achieve your clients objectives with a plan designed to leave money to their heirs in a tax-efficient manner.

“We have taken an interview process that typically lasts 15 to 20 minutes, and cut it down to about 15 seconds,” stated Mike Quaranta, Oxford Life Insurance Company’s Vice President of Sales. Watch a tutorial about InstaWrite on YouTube.

Original press release was published November 20th, 2019 on PR Newswire.

Oxford Life has launched a revolutionary online calculator that capitalizes on the tax-free wealth transfer benefits of life insurance. This new tool will demonstrate the financial advantages of adding it to traditional annuity purchases.

The calculator will create a combination of strategies to achieve your clients objectives with a plan designed to leave money to their heirs in a tax-efficient manner.

This tool is not promoting a joint or combo sale. The agent is selling two separate products in this scenario. Watch a tutorial about the combo calculator on YouTube.

Original press release was published July 8th, 2019 on PR Newswire.

A.M. Best is a credit rating agency for the financial and health-care service industries. A.M. Best's Financial Strength Rating is an independent opinion that signifies our organization's stability. This evaluation is based upon our company's balance sheet strength, operating performance and business profile.

A.M. Best revised the outlook to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Issuer Credit Rating of "a-" of its subsidiary Oxford Life Insurance Company (Oxford Life). These ratings also apply to Christian Fidelity Life Insurance, a subsidiary of Oxford Life.

A.M. Best also affirmed the Financial Strength Rating of B++ (Good) and Issuer Credit Rating of "bbb" of another Oxford Life subsidiary, North American Insurance Company.

Original press release was published July 1st, 2019 on PR Newswire.

Oxford Life Insurance Company Chairman, President & CEO Mark A. Haydukovich has been appointed to the board of directors of the American Council of Life Insurers (ACLI), whose members provide financial and retirement security solutions to 75 million American families.

"We are fortunate to have Mark on our board," ACLI President and CEO Dirk Kempthorne said. "His wealth of industry knowledge and experience will be important assets as the board works in support of his industry and the families that rely on us for their financial and retirement security needs."

Mr. Haydukovich also serves as Vice Chairman of the Arizona Life and Disability Insurance Guaranty Fund, and is on the Board of Governors of the ACLI Forum 500, which represents small-to medium-sized life insurance companies.

"The ACLI is a well-respected organization and I am pleased to be more involved in contributing to the advocacy of industry issues in our great life insurance industry," Mr. Haydukovich said.

Mr. Haydukovich joined Oxford Life in 1978 and has served on its board of directors since 1980. He holds a Bachelor of Science degree in Business Administration from Northern Arizona University and a Masters of Business Administration from Arizona State University. Mr. Haydukovich has earned the designations of Certified Public Accountant; Certified Financial Analyst; Fellow in the Life Management Institute; Chartered Life Underwriter; and Chartered Financial Consultant.

Oxford Life Insurance Company has announced that their Assurance One: Single Premium Whole Life Insurance will now offer a higher coverage amount, up to $125,000 net amount at risk (NAR). Issue ages for this product have also been adjusted to 55-80 years old and Terminal Illness, Nursing Home, and Chronic Illness Riders have been added as additional benefits.

“Assurance One is one of the most efficient wealth transfer vehicles available today. With this increase in coverage, those who are looking to pass money onto their children, grandchildren, church or other charity will be able to do so at an even greater multiple,” stated Mike Quaranta, Vice President and Chief Marketing Officer for Oxford Life Insurance Company.

Oxford Life’s Assurance One allows Policy Holders to move their assets federal income tax free to their heirs with only one premium, no medical exam, and little to no risk as coverage will never decrease.

Oxford Life Insurance Company has introduced a new website with new features and better navigation. Our mission is to provide products and services that promote financial security to individuals that will enable them to live with dignity in their retirement years, and the revision of our website is a key part of that commitment. The website not only has an improved look, but also has more useable navigation system that enhances the online experience. The changes to the website are the result of a range of initiatives taken by Oxford Life to inform, be more available, and to provide the best experience for our valuable policy holders and independent agents.

My Oxford provides tools to policy holders and easy access to policies administered by Oxford Life Insurance Company^*. With the My Oxford app, a policy holder can:

• Change address, phone number, and email
• View premium and claims history
• View plan details and benefits
• Download forms
• Upload forms and requests
• Chat with an Oxford Life representative
• View contact information for Oxford Life

Oxford Life is dedicated to keeping up with technology in order to provide its policy holders with the best service. You can download the My Oxford app on your mobile device using Google Play or iTunes. For links, see the Resources section at the bottom of Oxford Life’s website.

^* Administrators for Oxford Life, Christian Fidelity Life, North American, Usable, and Celtic.

Now Oxford Life Agents can easily view the status of their information, contact Oxford Life, and more directly from their mobile device. Oxford Life Mobile Office has the following tools for agents:

• Calendar – Track events and set notes
• Pending Policies – Find the status of submitted policies
• Faxes – Verify Oxford Life has received submitted faxes
• Annuity Tracking – Track annuity policy documents via UPS
• Calculator – Calculate policy premium and face amount values
• Call Center Status – Current call volume and approximate wait times for Oxford Life's Customer Service Representatives
• Conference Tracker – Shows Agent’s status towards Oxford Life’s yearly promotions
• Chat – Initiate a one-on-one dialog with an Oxford Life representative
• Contact Us – Provides company address, phone, and fax numbers
• FAQ for commonly asked questions

Keeping up with technology is important and staying in front of it is a sign of true dedication; the kind of dedication that Oxford Life has for its agents. You can download the Oxford Life Mobile Office app on your mobile device using Google Play or iTunes. For links, see the Resources section at the bottom of Oxford Life’s website.