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+
Surrender
Charge		 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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Legal text

1Each year you become vested in an additional 10% of the total bonus, until you have become 100% vested at the beginning of the 11th policy year. Non-vested bonus amounts will be recaptured for surrender or withdrawal amounts exceeding the penalty free amount. Products with a premium bonus may have lower fixed account interest rates and lower caps on indexed accounts than a similar product without a premium bonus.

2Income Account growth is used only for the purpose of calculating the GLWB and is not available as a cash surrender or lump sum at any time.

3Joint Life Payout is based on the lives of the Owner and the Owner's spouse who is the sole Beneficiary and is available only in this scenario.

4GLWB payments decrease the accumulation value on a dollar per dollar basis. If you choose to stop GLWB payments, you cannot apply the amounts not received to any future GLWB payments. For policy details and qualifying event, see Oxford Life Insurance form DA520.

5Waiver of withdrawal charges rider not available in all states. Rider benefits available for a qualifying condition first diagnosed after the first year. There is also a 90 day elimination period. For policy details and qualifying event, see Oxford Life Insurance form DA520.

6The market value adjustment feature is not available in all states. A 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 a market value adjustment.

*Neither Oxford Life Insurance Company, nor 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 Royal 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 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 FIA510, 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.