The Solution 4% Bonus
Many of us are faced with the concern of outliving our retirement savings, especially
since seniors are living longer and more active lives. The Solution 4% Bonus is
a flexible premium, tax-deferred annuity, designed to maximize your savings. This
annuity is a safe choice for your money and offers a 4% premium bonus to increase
your savings. More information regarding the policy features can be found below.
The Solution 4% Bonus Policy Features
- Available to owners and annuitants through the age of 80
- Annuity interest income grows tax-deferred
- Avoids the risk of loss due to stock market fluctuations
- Immediately receive a 4% bonus on all premiums paid in the first contract year,
in addition to the competitive credited interest rate
- Interest rates set by Oxford Life® each contract year
1
- Flexibility to add premium as often as you want 2
- Annuity interest income grows tax-deferred
- No sales or administrative fees
- May avoid cost and delays of probate, allowing more for your loved ones
- Lifetime income available as just one of several payout options
- Access to your money when needed most:
- Penalty free withdrawals of interest during year one
- 10% free withdrawal of accumulation value after year one
- Waiver of Surrender/Withdrawal Charges for 3:
- Home Health Care Benefit
- Terminal Illness Benefit
- Nursing Home Benefit
Retirement should be a time for you to enjoy doing things you’ve always dreamed
of and free from fear of outliving your savings. The Solution 4% Bonus provides
an immediate increase to all premiums paid in the first contract year, allowing
your retirement savings to grow at a faster pace.
Example: If you pay $10,000 in first year premiums, you will immediately receive
a bonus of $400 and earn interest on the entire $10,400.
The calculator and chart illustrate just how effective a tax-deferral can be.
|
Contract Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11+
|
Charge for
Surrender/Withdrawal
|
10%
|
9%
|
8%
|
7%
|
6%
|
5%
|
4%
|
3%
|
2%
|
1%
|
0%
|
Since you can never predict the future, it’s comforting to have the ability to access
your money when needed most. If you surrender or withdrawal funds from your annuity
before the end of the seventh contract year, surrender/withdrawal charges will not
be applied in the following cases:
- All interest earned on your initial premium deposit, only in the first contract
year, may be withdrawn immediately
- 10% Free Withdrawal Provision after the first contract year
- Waiver of Surrender/Withdrawal Charges for 3:
- Home Health Care Benefit
- Terminal Illness Benefit
- Nursing Home Benefit
Notes:
1 Interest rates are guaranteed for the first contract
year. After the first contract year, Oxford Life will declare new interest rates
each year thereafter; however, the interest rates are guaranteed never to fall below
1%. All guarantees made are that of Oxford Life Insurance Company®.
2 The minimum premium amount to get started is $5,000
(non-qualified) and $2,000 (qualified). Additional premiums of $100 or more are
accepted. The sum of all premiums may not exceed $250,000 without prior company
approval.
3 Withdrawals of earnings will be subject to income tax
and may be subject to a 10% IRS penalty tax, if taken prior to age 59 ½. It is important
to evaluate whether an annuity is appropriate for you. Consider your age, income,
net worth, tax status, financial objectives, liquidity needs, time horizon, risk
tolerance and other relevant information.
