Oxford Life

1.75%
3 Year Term
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company Information

Company Name

Oxford Life

product Name
Multi-Select 3
Description
Oxford Life was founded in the grand canyon state of Arizona in 1965. They are committed to supporting seniors through designing products that meet their needs. Oxford's emphasis is on life insurance and annuities. Oxford Life strives to be a leader in any market they compete in. Oxford Life is a member of AMERCO. AMERCO is a publicly traded financial holding network. Oxford's products are sold through it's agent network in the United States.
am best rating
A- Excellent (4th of 13 ratings)
Product Type
MYGA
Product description

Fixed annuities are for conservative investors who want safety, security, and guarantees.

You will preserve your principal and earn a fixed rate of return.

You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's).

If you are sensitive to loss and don't want to lose a penny, a fixed annuity might be a good fit for some of your savings.

Read our educational articles on fixed annuities to learn more.

Guaranteed Rate Lock Period:

The rate is locked for 60 days from the date of application. If the funds are received after that period the rate might be subject to change and will be the rate in effect at that time.

term
3 yrs
minimum investment
$ 20,000
maximum investment
$ 1,000,000
maximum age
85
withdrawal allowance
During the first contract year only interest withdrawals are allowed. After the first contract year, there is an opportunity each year to withdraw up to 10% of the contract value penalty-free.

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*Please provide an investment amount before applying.

Guaranteed Returns

Choose an investment amount and we’ll show you how much you can earn.

$
Should be at least $20,000
The maximum investment is $1,000,000
The field is required.
YEARRATEEARNINGSCUMULATIVE EARNINGSBALANCE
11.75%$ ?$ ?$ ?
21.75%$ ?$ ?$ ?
31.75%$ ?$ ?$ ?
Total$ ?$ ?$ ?

Enter an investment amount to calculate your earnings and account balance over the life of the contract.

Surrender Charge Schedule

Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.

percentage charged to withdrawal

Year
Percentage
1
10%
2
9%
3
8%
market-value adjustment (MVA)

A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.

They allow companies to pay a higher rate and make longer-term investments.

MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.

other Information

phone number(877) 584-2777
Product brochure
agent
commission
.38-1.00%. We are paid from the insurance company general fund. It is not deducted from your account value. 100% of your money is working for you from day one. We could earn a higher commission based on sales volume and taking a more active role in the application process.
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Rate Effective DateNovember 1st 2021
premium TypeSingle Premium Annuity
account TypePersonal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b).
Not available inAL, MS, NY, PR, VI, VT, WV
options at
maturity

30 Days prior to the end of your contract term, you will have the option to choose from the following.

1. Withdrawal any amount free of charges and fees.
2. Reinvest it into another fixed annuity.
3. Turn it into guaranteed income via annuitization.
4. If you do nothing, the contract renews for the same term and surrender schedule at the rates available at that time.

death benefit provisionIf you pass away before the end of your annuity contract, your beneficiaries will receive the accumulated policy value. This value will include all interest you have earned and be passed without any charges or fees.
taxesAnnuities typically grow tax-deferred. If you withdrawal money that has never been taxed, withdrawals are 100% taxable. Non-qualified withdrawals have been taxed already, so only interest is taxed. This is called an exclusion ratio. Interest would be taxed, but the principal would not. Please work with a qualified specialist.
surrender schedule
10%, 9%, 8%
free-look period10 Days
RMDNo
market value adjustmentYes
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