Fixed Index - Royal Select

Oxford Life Royal Select® Annuity

The Oxford Life Royal Select Fixed Indexed Annuity offers you the opportunity to benefit from the increase of the stock market without the downside risk of owning stock. This policy does not participate directly in any stock or equity investments. As soon as you deposit funds into this annuity, the accumulation value grows immediately by 8%. At the time of application, you may elect the optional Guaranteed Lifetime Withdrawal Benefit rider designed to generate a higher level of guaranteed lifetime income. Issue ages for this product range from 18-80.

Oxford Life Royal Select Annuity Policy Features

8% Premium Bonus1 - The highest premium bonus Oxford Life offers

  • Premium bonus applied to your accumulation value and income account value - should you elect the GLWB rider at the time of application1
  • Designed for long-term accumulation of funds and building retirement income
  • Guaranteed Lifetime Withdrawal Benefit (GLWB) - for an additional annual fee of only .95% of the accumulation value
  • Income account accumulates at a rate of 6.75%2 - the income account may not be distributed as a lump sum and is only used to calculate the monthly GLWB payments
  • Both single and joint payout options are available3
  • Ability to start and stop income at any time4
  • Access to your money:
    • Waiver of withdrawal charges rider for terminal illness, home healthcare and nursing home5
    • Penalty Free Interest Only Withdrawals during year one
    • 10% Free Withdrawal Provision after year one

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Surrender/Withdrawal Charge Schedule

Policy Year 1 2 3 4 5 6 7 8 9 10 11+
Surrender
Charge
10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%

Surrender/withdrawal charges and a market value adjustment6 apply during the first ten contract years. The early surrender/withdrawal charge is 10% in the first year and reduces 1% each year thereafter. If you surrender or withdraw funds from your annuity before the end of the tenth contract year, surrender/withdrawal charges and a market value adjustment will not be applied in the following cases:

  • 10% Free Withdrawal Provision after the first contract year
  • Waiver of Surrender/Withdrawal Charges for5:
  • Home Health Care Benefit
  • Terminal Illness Benefit
  • Nursing Home Benefit

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