MULTI-SELECT ® GUARANTEED
Guaranteed Growth
Interest rates are guaranteed for the period you elect at issue. At the end of the guarantee period, you will have a 30-day window where you may choose to renew the guarantee period you originally elected. Depending on your circumstances and financial goals at that time, this convenient option assures you of a competitive current interest rate and an easy transition to a new guarantee period. If no election is made during this window, Oxford Life will automatically renew your annuity for the same guarantee period*. If a withdrawal or surrender is made within this 30-day window, no surrender charges or market value adjustment will apply. After the 30-day window, a new guarantee period, guaranteed interest rate, surrender charge period, and market value adjustment will be applied. Renewal rates for subsequent guarantee periods will be based on competitive current interest rates and financial circumstances, and may differ from the initial guaranteed interest rate. Your interest rates are guaranteed never to go below 1%.
* Does not apply in the state of Florida or when a 2nd Guarantee Period extends past maturity at age 95.
You will not pay taxes on your annuity interest income until you withdraw funds from your annuity. Taxes on the interest credited to your annuity are currently deferred by state and federal law until withdrawn, when your income tax bracket may be lower. Roth IRA qualified withdrawals may be income tax free. Tax-Deferred Growth
You can start an Oxford Life Multi-Select ® annuity with as little as $20,000 for qualified and non-qualified accounts. Premium amounts are allowed up to $1,000,000 for issue ages 18-75, $750,000 for issue ages 76-80, and $500,000 for issue ages 81-85. Contribution Limits & Issue Ages
No Administrative Fees
Death Benefits
You will receive interest on 100% of your accumulation value.
The death benefit will equal the full accumulation value. No surrender/withdrawal charges will apply.
Payout Options (Annuitization)*
Oxford Life’s Multi-Select ® annuity includes a Market Value Adjustment, which generally allows Oxford Life to credit rates higher than on those products without an interest adjustment. This adjustment may increase or decrease your surrender value, depending on the change in interest rates since your annuity purchase. Due to the mechanics of a market value adjustment feature, the cash surrender value generally increases as interest rates fall. Likewise, when interest rates have increased over a period of time, the surrender value generally declines. The market value adjustment is applied only during the surrender/withdrawal charge period and only on amounts that exceed the penalty free withdrawal amount. Market value adjustments on any portion of IRS-required minimum distributions in excess of the penalty-free withdrawal amount are waived. Market Value Adjustment (MVA)
¾ Period Certain Payments: Equal payments for a fixed period of up to 30 years. ¾ Lifetime income: Equal payments will be made for your lifetime. ¾ Lifetime income with guaranteed period certain: Equal payments will be made for the longer of your remaining lifetime or the period agreed upon (5, 10, 15, 20 years or more). *In most states maturity occurs at age 95, but an early annuitization option is available after the first policy year.
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MULTI-SELECT ® SERIES PRODUCT GUIDE
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