Since you can never predict the future, it’s comforting to have the ability to access your money. Oxford Life’s Multi-Select ® annuity offers systematic withdrawal of interest in the first year, or two penalty-free withdrawals per year cumulatively, up to 10% of your accumulated value starting in the second year. Surrender/withdrawal and MVA charges will apply to withdrawals in excess of the penalty free amount. Withdrawing Money †
A surrender charge applies to withdrawal amounts that are greater than the penalty-free amount. Each guarantee period has its own surrender charge schedule. The amount of the surrender charge is a percentage of your account value, which generally decreases over time as shown in the chart below. If you renew into a new guarantee period, surrender charges will reset. Surrender Charges
Multi-Select ® Series Surrender Charge Schedule 1
10% 9% 8%
3-Year 4-Year 5-Year 6-Year 7-Year 8-Year 9-Year
10% 9% 8% 7%
10%9% 8%7% 6%
10% 9% 8% 7% 6% 5% 10% 9% 8% 7% 6% 5% 4%
10% 9% 8% 7% 6% 5% 4% 3% 10% 9% 8% 7% 6% 5% 4% 3% 2% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1%
10-Year
1 An investment in this contract 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.
Waiver of Surrender/Withdrawal Charges —
Terminal I llness Benefit – If you are first diagnosed as terminally ill more than one year after the policy date, you may surrender/withdraw this policy for its accumulation value without reduction for any surrender/withdrawal charge. ‡ Home Health Care Benefit – If you are first diagnosed as chronically ill more than one year after the policy date and have been receiving home health care for the previous 90 days, you may surrender/make withdrawals from this policy without reduction for any surrender/withdrawal charge. ‡ Nursing Home Benefit – If you are first diagnosed as chronically ill more than one year after the policy date, are confined to a nursing home, and have been for the previous 90 days, you may surrender/make withdrawals from this policy without reduction for any surrender/withdrawal charge. ‡
† Withdrawals of earnings will be subject to income tax and may be subject to a 10% IRS penalty tax, if taken prior to age 59½. ‡ May vary by state.
69462191(D)
O-MYGA1312C
MULTI-SELECT ® SERIES PRODUCT GUIDE
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