Multi-Select 8
Multi-Year Guarantee Annuity
The Multi-Select 8 is a deferred multi-year guarantee annuity issued by Oxford Life Insurance Company.
The current 8 year guarantee period annual yield is 5.20% (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 8 has a full penalty free withdrawal window after 8 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 Beginning in the second contract year, up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.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 $3 billion in total assets.
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Jan 1st, 2025
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8 years
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| Current | ||
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| 8 Year Guarantee Period Annual Yield: | 5.20% | |
| Interest rate start of year 1 through end of year 8: | 5.20% | |
Accumulation Value (assuming no withdrawals) |
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8 years
8 years
8 years
State variations may exist, refer to product disclosure for details.
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Interest Only
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10%
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No
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Yes
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See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
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.
Max Premium Issue Ages 18-75: $1,000,000
Max Premium Issue Ages 76-80: $750,000
Max Premium Issue Ages 81-85: $500,000
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.
Description Here
