Multi-Select™ Annuity

Oxford Life Multi-Select™ Annuity

Enjoy the stability of predictable growth for a time period you choose. The Oxford Life Multi-Selectâ„¢ annuity offers an interest rate that is guaranteed for time period of your choice so the growth of your account is steady and predictable. Please see below for more product information.

Multi-Select™ Annuity Policy Features

  • Interest rate is locked-in and guaranteed for the period you choose1
  • Designed for long-term accumulation of funds and building retirement income
  • Access to your money when needed most:
    • Interest Withdrawals during year one
    • 10% Free Withdrawal Provision after year one

Surrender/Withdrawal Charge Schedule

Surrender/withdrawal charges and a market value adjustment2 apply during the initial and renewal guarantee periods. The early surrender/withdrawal charge is 10% in the first year and reduces 1% each year thereafter. After the initial guarantee period, there is a 30-day window of time, beginning in the renewal period, in which you may withdraw all or part of your funds without any surrender/withdrawal charges. If you surrender or withdraw funds from your annuity during the renewal or subsequent guarantee periods, excluding the 30-day window, surrender/withdrawal charges and a market value adjustment will apply2. However, these 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  • All interest earned on your initial premium deposit, only in the first contract year, may be withdrawn immediately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 for3:
    • Home Health Care Benefit
    • Terminal Illness Benefit
    • Nursing Home Benefit

Issue Age by Guarantee Period

Issue ages for this product range from 18-80. However, some limits apply depending on the guarantee period you select. Please refer to the table below for allowable issue ages by guarantee period.

Click Here For Our State Approval Chart

Legal text

1Interest rate is guaranteed for length of time you select from and will not change until after the guarantee period. Your interest rate is guaranteed never to fall below 1%. All guarantees made are that of Oxford Life Insurance Company.

2A market value adjustment may reduce or increase the amount received from a withdrawal or surrender. A withdrawal or surrender may result in a loss of principal and earnings due to surrender charges and market value adjustment.

3For policy details and qualifying event see Oxford Life Insurance form DA520. Waiver of withdrawal charges rider not available in all states. Rider benefits available for a qualifying condition first diagnosed after the first year. There is also a 90 day elimination period.

Neither Oxford Life Insurance Company, its affiliates, nor any of its representatives may provide tax or legal advice. Individuals should consult their tax advisor or legal counsel for specific advice and information regarding their individual situation. The Oxford Life Multi-Select annuity is issued by Oxford Life Insurance Company. Oxford Life assumes the investment risk and guarantees payment, subject to its claims-paying ability. Withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. If withdrawals and other distributions are taken prior to age 59 1/2, a 10% federal tax penalty may apply. Withdrawals will reduce the value of the death benefit. Oxford Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York and Vermont. For policy details see Oxford Life Multi-Select™ (contract form ICC14-MYGA0814 and state specific variations where applicable). Product not available in all states. All guarantees made are that of Oxford Life Insurance Company. Not a bank or credit union guarantee. Not FDIC/NCUA insured. Not insured by any federal government agency. A comprehensive description of the policy benefits, costs, exclusions, limitations and terms is available to you upon request. An investment in these contracts is subject to possible loss of principal and earnings, since a surrender charge and market value adjustment may apply to withdrawals or upon surrender of the contract.