Company Information
Company Name
Oxford Life
Product Name
Oxford Life Multi-Select 4
Description
This is a single premium, multi-year fixed annuity with a four-year rate guarantee. After four years, owners have a 30-day window to withdraw all funds, transfer to another annuity, or renew with Oxford Life for a term of their choice. There are no surrender penalties at death. Qualified and non-qualified funds are accepted and an MVA is included.
AM Best Rating
A
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
Int / 10%
Rate
4.90%
Term
4 Years
Minimum Investment
$ 20,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
85
Surrender Schedule
10%, 9%, 8%, 7%, 0%
What We Like About This Annuity
Low minimums to start from an A rated carrier. Policy allows for great liquidity including a penalty-free interest withdrawals in year 1 and 10% free withdrawals of the accumulated value in years 2-4.
Notable Features
For an additional cost of 0.50% of the accumulation value, a Guaranteed Lifetime Withdrawal Benefit (GLWB) is available. Policy also includes (at no cost) Home Healthcare, Terminal Illness and Nursing Home free withdrawal riders.
Other Popular Products
While primarily a fixed annuity company, Oxford Life also offers several final expense burial life insurance policies. However, their fixed-indexed and bonus annuities are popular with consumers.
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About Oxford Life
Founded in 1965, Oxford Life is a highly-rated insurance company specializing in life and fixed annuity policies. Their publicly traded parent company is U-Haul Holding Company.
U-Haul Holding is also the parent company of RepWest Insurance, Christian Fidelity, and North American Insurance. These diverse holdings allow for several product offerings, including final expense protection, and help strengthen the overall balance sheet of all companies.