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Prosperity Select Combo Calculator

7/11/2019 12:00:00 AM

This new tool will demonstrate the financial advantages of adding Prosperity Select to traditional annuity purchases

[Full Article]

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 Credit Rating

7/3/2019 9:00:00 AM

A.M. Best is a credit rating agency for the financial and health-care service industries

[Full Article]

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's InstaWrite to Expedite the Life Insurance Sales Process

6/15/2018 11:18:00 AM

Oxford Life Insurance Company has initiated a new, simpler and speedier life insurance qualification process.

[Full Article]

PHOENIX (April 10, 2018) — Oxford Life Insurance Company has initiated a new, simpler and speedier life insurance qualification process. Oxford Life InstaWriteSM is a streamlined and better experience for both agents and clients. InstaWriteSM improves upon the traditional life insurance sales process by featuring an almost instant health assessment.

As of April 5, agents can use this new process for all Final Expense and Single Premium Life insurance sales through Oxford Life.

“I’m proud to introduce InstaWriteSM to our agents,” said Mark Haydukovich, president and CEO of Oxford Life. “We understand that agents value every minute of the day, and the speed of our new life insurance sales process allows them to make more appointments and close more business.”

InstaWriteSM is a two-step process. First, an agent chooses to complete either an electronic or paper application. Second, the agent calls to speak with one of the dedicated InstaWriteSM processors for a quick health assessment. The health assessment generates a qualified or not qualified decision in a matter of minutes. The InstaWriteSM health assessment can be obtained by calling (833) 705-4019 Monday through Friday, 9 a.m.- 8 p.m. EDT (6 a.m.- 4 p.m. PDT).

Agents will soon have the option to bypass the phone health assessment and determine qualification status for their clients online. The electronic health assessment will be available via Oxford Life’s agent portal 24-7.

To learn more about Oxford Life's top-selling annuity products, visit www.oxfordlife.com

About Oxford Life

Oxford Life Insurance Company, currently celebrating its 50th anniversary, was founded in the Grand Canyon state of Arizona in 1968 and remains committed to supporting the senior market through life insurance, annuity, and Medicare supplement products that meet their financial needs. Oxford Life is continually working to support its mission of enabling seniors to live with dignity in their retirement years through financial security. Oxford Life is a strong player in every field where it competes, and constantly strives to be a leader in all categories of the life insurance and annuity markets. Oxford Life is a member of AMERCO, a publicly traded financial holding network.

Contact
Mike Quaranta
Vice President and Chief Marketing Officer
Oxford Life Insurance Co.
mikequaranta@oxfordlife.com

Oxford Life Achieves Eighth Place Ranking in National Multi-Year Guaranteed Annuity Sales via Independent Distribution for Fourth Quarter 2017

4/4/2018 3:27:00 PM Oxford Life Achieves Eighth Place Ranking in National Multi-Year Guaranteed Annuity Sales via Independent Distribution for Fourth Quarter 2017
[Full Article]

Phoenix, AZ – Oxford Life Insurance Company has announced that their Multi-Select™ 6-Year Annuity has ranked as the eighth best-selling Multi-Year Guaranteed Annuity (MYGA) product via Independent Distribution in the fourth quarter of 2017, according to the Wink’s Sales & Market Report; the longest-running, most comprehensive source of indexed insurance product sales and trends.

Mark Haydukovich, President and Chief Executive Officer for Oxford Life, stated that “What sets us apart is our focus on the consumers’ needs and ensuring we provide the highest quality financial products, such as our Multi-Select™ 6-Year Annuity. That focus has guided Oxford Life to achieve national recognition.”

The highlights of Oxford Life’s Multi-Select ™ Annuity include the interest rate being guaranteed for the period chosen by the policy holder, long-term accumulation of funds for building a retirement income, and accessibility to funds when it is needed most.

Sales categories where Oxford Life ranked within the top 50 nationally -- based on the Wink’s scoring system -- include Non-Variable Deferred Annuities, Indexed Annuities, and Multi-Year Guaranteed Annuities.

To learn more about Oxford Life’s top-selling annuity products, visit www.oxfordlife.com.

About Oxford Life

Oxford Life Insurance Company, currently celebrating its 50th Anniversary, was founded in the Grand Canyon state of Arizona in 1968 and remains committed to supporting the senior market through life insurance, annuity, and Medicare supplement products that meet their financial needs. Oxford Life is continually working to support its mission of enabling seniors to live with dignity in their retirement years through financial security. Oxford Life is a strong player in every field it competes, and constantly strives to be a leader in all categories of the life insurance and annuity markets. Oxford Life is a member of AMERCO, a publicly traded financial holding network.

For additional information, contact:

Mike Quaranta, mikequaranta@oxfordlife.com

Oxford Life Announces CEO Mark Haydukovich Elected to ACLI Board of Directors

2/21/2018 4:11:00 PM Oxford Life CEO Elected to ACLI Board of Directors
[Full Article]

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.

(Press Release)

Oxford Life Announces Coverage Increase and Addition of Rider Benefits to their Assurance One: Single Premium Whole Life Insurance

2/21/2018 4:06:00 PM Oxford Life Increases Coverage and Adds Rider Benefits to Assurance One
[Full Article]

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 Launches New Website to Enhance the User Experience of its Policy Holders and Independent Agents

2/21/2018 4:05:00 PM Oxford Life Launches New Website
[Full Article]

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.

Oxford Life Introduces My Oxford: The Cell Phone App for Policy Holders

2/21/2018 3:53:00 PM Oxford Life Introduces a Cell Phone App for Policy Holders
[Full Article]

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.

Oxford Life Introduces Oxford Life Mobile Office: The Cell Phone App for Independent Agents

2/21/2018 3:45:00 PM Oxford Life Introduces a Cell Phone App for Independent Agents
[Full Article]

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.

Oxford Life Ranked #8 in Overall Multi-Year Guaranteed Annuity Sales via Independent Distribution for Third Quarter 2017

2/19/2018 4:12:00 PM

Oxford Life Ranked #8 in Overall Multi-Year Guaranteed Annuity Sales

[Full Article]

Oxford Life Insurance Company has announced that their Multi-Select 6-Year Annuity has ranked as the #8 best-selling Multi-Year Guaranteed Annuity (MYGA) product via Independent Distribution in the third quarter of 2017, according to the Wink’s Sales & Market Report; the longest-running, most comprehensive source of indexed insurance product sales and trends.

Mike Quaranta, Vice President and Chief Marketing Officer for Oxford Life Insurance Company, stated that “The success of the Multi-Year Guaranteed Annuity is proof that seniors, now more than ever, desire a market return with a minimal amount of risk. While there are other safe alternatives, MYGAs offer tax-deferred interest rates at levels which are usually higher than typical financial institutions can offer. Oxford Life is excited to be a preferred provider of Multi-Year Guaranteed Annuities and proud to have the opportunity to provide our clients with a financially secure retirement.”

The highlights of Oxford Life’s Multi-Select Annuity include the interest rate being guaranteed for the period chosen by the policy holder, long-term accumulation of funds for building a retirement income, and accessibility to funds when it is needed most.