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Multi-Year Guarantee Annuity Details

Product Name

Multi-Select 10

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

A-
(4th of 15 ratings)
Not Rated
Not Rated
Not Rated
Not Ranked

Product Information

The Multi-Select 10 is a deferred multi-year guarantee annuity issued by Oxford Life Insurance Company.

The current 10 year guarantee period annual yield is 3.00% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Multi-Select 10 has a full penalty free withdrawal window after 10 years.

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. In the first contract year, this annuity provides interest only withdrawals. Beginning in the second contract year, up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

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 $2.2 billion in total assets.

Rate Details

Nov 6th, 2019
Not Scheduled
10 years

Premium Amount: $20,000 - $1,000,000

Current
10 Year Guarantee Period Annual Yield: 3.00%
Interest rate start of year 1 through end of year 10: 3.00%

Initial Surrender Charge and MVA Periods

10 years

10 years

10 years

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

Other Guarantee Periods Available

Policy Details

$20,000
$20,000
$1,000,000
$1,000,000
75
75
60 days
Yes
Accumulation Value
Yes

Penalty Free Withdrawal Provisions

Interest Only
10%
No
Yes
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 12/17/2018)

For FL: No auto-renewal after surrender charge period is completed.

Notes

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.