Oxford Life Insurance®

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Oxford Life® Series

Life is full of unforeseen events making the need for flexibility much more important, especially when choosing a retirement savings option. The Oxford Life® Series annuity is a flexible-premium, tax-deferred retirement savings vehicle which guarantees safe, competitive interest rates. More information regarding the policy features can be found below.

Oxford Life® Series Policy Features

  • Available to owners and annuitants through the age of 80
  • Annuity interest income grows tax-deferred
  • Interest rates guaranteed by Oxford Life® each contract year 1
  • No sales or administrative fees
  • Flexibility to add premium as often as you want 2
  • 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 the accumulation value after year one
    • Waiver of Surrender/Withdrawal Charges for 3:
      • Home Health Care Benefit
      • Terminal Illness Benefit
      • Nursing Home Benefit
Benefits of Tax Deferral

When choosing a retirement savings vehicle, many of us look for an option that presents the greatest return. With the Oxford Life® Series your money will grow tax-deferred. Tax-deferred growth means your money grows because you do not have to pay income tax on the interest you earn annually until you withdraw the funds. You are actually paid interest on the money you have used to pay the income tax, thus allowing your money to grow at an accelerated rate. The calculator and chart illustrate how effective tax deferral can be. Compare the Oxford Life® Series to a CD offering the same interest rate and see the difference Oxford Life® can provide.

Surrender/Withdrawal Charge Schedule
Contract Year 1 2 3 4 5 6 7 8+
Charge for
Surrender/Withdrawal 		9% 8% 8% 7% 6% 5% 4% 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:

  • Penalty free withdrawals of interest during year one
  • 10% free withdrawal of the accumulation value after year one
  • 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.