Royal Select: Fixed Indexed Annuity

Annuities for Retirement

Our Royal Select Annuity offers you the opportunity to benefit from the increase of the stock market without the downside risk of owning stock. As soon as you deposit funds into this annuity, the accumulation value grows immediately by 8%. At the time of application, you may elect the optional Guaranteed Lifetime Withdrawal Benefit rider designed to generate a higher level of guaranteed lifetime income.

Policy Features

  • 8% Premium Bonus1 - the highest premium bonus Oxford Life offers
  • Premium bonus applied to your accumulation value and income account value - should you elect the GLWB rider at the time of application2
  • Designed for long-term accumulation of funds and building retirement income
  • Both single and joint payout options are available3
  • Guaranteed Lifetime Withdrawal Benefit (GLWB) - for an additional annual fee of only .95% of the accumulation value4
  • Ability to start and stop income at any time3
  • Income account accumulates at a rate of 6.75%2 - the income account may not be distributed as a lump sum and is only used to calculate the monthly GLWB payments
  • Interest withdrawal available at issue

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:

  • Interest Only Withdrawals during year one
  • 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

Contribution Limits & Issue Ages

Product Minimum Maximum
All Ages 18-75 76-80
Royal Select $10,000 $500,000 $350,000

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