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fixed annuities

Fixed Indexed Annuity Details

Select Series 10

Product Name

Select Series 10

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

A
(3rd of 15 ratings)
Not Rated
Not Rated
Not Rated
Not Ranked

Product Information

The Select Series 10 is a deferred fixed indexed annuity issued by Oxford Life Insurance Company.

When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 5.00% (see Rate Details below).

You can also allocate your premium between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

An income rider is available that provides the option of activating a guaranteed lifetime income stream at a future date. The income payments cannot be outlived and your contract does not need to be annuitized.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Oxford Life Insurance Company is rated “A” by A.M. Best, was founded in 1965, and has over $3 billion in total assets.

Rate Details

Premium Amount: $10,000 - See Notes

Initial Surrender Charge and MVA Periods

10 years

10 years

10 years

State variations may exist, refer to product disclosure for details.

Policy Details

Penalty Free Withdrawal Provisions

Annuitization, Death, Home Health Care, Nursing Home and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  AL, MS, NY, VT and WV (as of 12/19/2018)

The Market Value Adjustment (MVA) feature is not available in all states.

Notes

Max Premium Issue Ages 18-75: $500,000
Max Premium Issue Ages 76-80: $350,000

When purchasing this annuity with qualified funds, any Required Minimum Distribution (RMD) needed during the first contract year must be withdrawn prior to funding the policy.