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 stocks.
Benefits and Features
Protected Principal – Guaranteed
- It makes sense to have a guaranteed protected principal while being able to participate in the upside potential of the stock market returns for a portion of your retirement savings.
- The Oxford Life Royal Select Fixed Indexed Annuity is a single-premium, tax-deferred annuity with guaranteed principal protection.
- 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.
Tax-deferred growth allows your money to grow faster because you earn interest on dollars that would otherwise be paid in taxes. Your premium earns interest, the interest compounds within the policy, and the money you would have paid in taxes earn interest.
Company Financial Strength
All of Oxford Life Insurance Company’s tax-deferred annuities are backed by the financial strength of the Company’s investment portfolio, which emphasizes high-quality bonds that provide liquidity and competitive interest rates.
Oxford Life Insurance Company will payout, as the Death Benefit, the Account Value to your beneficiary upon the death of the owner or if non-natural owner, the annuitant. Your beneficiary may choose to receive the payouts in either a lump sum or a series of income payments.
Oxford Life Insurance is another option if you’re wanting to leave a death benefit to your beneficiaries, tax-free.
The Optional Guaranteed Lifetime Withdrawal Benefit (GLWB) was designed for people age 50 and above who are interested in guaranteed income during their retirement. GLWB is an optional benefit you can add to your policy.
Designed to generate a higher level of guaranteed lifetime income, the GLWB allows you to control when you receive income payments. Since this benefit works in concert with your annuity, together the two can provide you ways to enhance your long-term income.
In exchange for an annual cost, this benefit offers you the ability to achieve a guaranteed lifetime income stream. If purchased, your premium will begin to accumulate as an Income Account Value. Upon utilizing the GLWB, an amount determined by your age and Income Account Value will be available for GLWB. This income is available to you without a surrender charge, Market Value Adjustment or electing an annuity payout option.
Guaranteed Lifetime Withdrawal Benefit Payments
You choose how frequently you receive your GLWB payments:
When you first elect GLWB payments, your annual payments will be based on your current Income Account Value multiplied by a percentage based on your age.
May Avoid Probate
By naming a beneficiary, you may minimize the delays, expense, and publicity often associated with probate. Please consult with and rely on your own legal or tax advisor.
The Oxford Life Royal Select Fixed Indexed Annuity includes a premium bonus on your single premium. We add this bonus to the Account Value on the date we receive the premium.