Oxford Life can provide a lifetime of financial protection with only one premium payment. You will never have to make future payments for this coverage, and should something happen to you, this policy will pass the death benefit on to your heirs tax-free. Policy Features 1 Available to individuals ages 55 to 80 Available coverage from $30,000 up to $500,000 Only one premium needs to be paid Coverage will never decrease after the premium is paid Policy cannot be cancelled unless you request it Death benefits paid directly to the beneficiary of your choice federal income-tax free No medical exams required, only a medical questionnaire Immediate approval decision made during the point-of-sale interview The rate is based on your current age at the time the policy is issued Liquidity features in case you have a financial emergency1 Your policy's cash value will grow over time Return of Premium Rider Accelerated benefits offered2: Chronic Illness Benefit Terminal Illness Benefit Nursing Home Benefit
Policy Features 1 Available to individuals ages 55 to 80 Available coverage from $30,000 up to $500,000 Only one premium needs to be paid Coverage will never decrease after the premium is paid Policy cannot be cancelled unless you request it Death benefits paid directly to the beneficiary of your choice federal income-tax free No medical exams required, only a medical questionnaire Immediate approval decision made during the point-of-sale interview The rate is based on your current age at the time the policy is issued Liquidity features in case you have a financial emergency1 Your policy's cash value will grow over time Return of Premium Rider Accelerated benefits offered2: Chronic Illness Benefit Terminal Illness Benefit Nursing Home Benefit
Comparison to Investment Options Prosperity Select Annuity CD/MM Stocks Income Tax-Free Death Benefit Yes No No No Tax-Deferred Accumulation Yes Yes No No Immediate Estate Increase Yes No No No Avoids Market Risk Yes Sometimes Yes No Avoids Probate Costs Yes Yes No No Accelerated Benefit Riders Yes Sometimes No No Guaranteed Values Yes Sometimes Yes No
Comparison to a Taxable Certificate of Deposit Year Prosperity Select Guaranteed Death Benefit Paid to Heirs Income Tax-Free CD Available to Heirs Net of Income Tax 1 $108,186 $50,900 5 $108,186 $54,665 10 $108,186 $59,768 15 $108,186 $65,341 20 $108,186 $71,437 25 $108,186 $78,102
1Current Federal income tax laws define this contract as a Modified Endowment Contract (MEC). As a MEC, if there is any gain in the policy, the portion of the gain included in any distribution from the policy, including loans may be taxable and must be reported as taxable income. Also, if a distribution occurs prior to age 59 ½, the distribution may be subject to a 10% tax penalty. Therefore, it is important that you only purchase a Prosperity Select policy with assets that you are reasonably confident you will not need in the future for your own use. NOTE: Insurance products and annuities are not deposits in, or guaranteed by, any bank and are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other agency of the United States. All guarantees are subject to the financial strength of Oxford Life Insurance Company. 2Product availability and accelerated benefit features may vary by state. Please refer to Policy SPWL500, ADB-CIR, ADB-NHR and state variations where applicable. Death benefits, cash values and loan values will be reduced upon payment of an accelerated benefit. The accelerated benefits offered under this policy may or may not qualify for favorable tax treatment under the Internal Revenue Code of 1986. Whether such benefits qualify depends on factors such as your life expectancy at the time benefits are accelerated or whether you use the benefits to pay for necessary long-term care expenses, such as nursing home care. If the acceleration of benefits qualifies for favorable tax treatment, the benefits will be excluded from your income and not subject to Federal taxation. However, accelerated benefit payments may be taxable by your state. Tax laws relating to accelerated benefits are complex. You should consult a qualified tax advisor for specific information. Receipt of an accelerated benefit payment may adversely affect you, your spouse's or your family's eligibility for medical assistance (Medicaid), Aid to Families with Dependent Children (AFDC), supplementary Social Security Income (SSI), and drug assistance programs. You should consult with a qualified advisor and with social services agencies regarding how receipt of such payment may affect eligibility for such programs. NOTE: The benefits provided in the accelerated benefits rider of the Prosperity Select policy are not long-term care (LTC) insurance. 3For demonstration purposes only. Interest is approximated on a daily compounded basis. Bank CD rates can vary over time. Consult a tax professional for your individual client's combined federal and state tax bracket.