Oxford Life is offering two new annuity products, the Income Protector and Bonus Ten Fixed Indexed Annuity.
The Income Protector is a five year guarantee annuity which provides the confidence that interest rates will stay at 3% for five years. It also features the Guaranteed Lifetime Withdrawal Benefit, which allows the member to control when they receive income payments. This product offers two accumulation value bands with increasingly higher interest. To ensure the member will receive their full accumulation value, there are no administrative fees and the death benefit has no surrender or withdrawal charges. To see where The Income Protector product is available, see the state availability map.
Bonus Ten Fixed Indexed Annuity offers three wealth accumulation strategies including the Fixed Account Strategy, the Monthly Average Strategy, and the Annual Point-to-Point Strategy. The product is supported by the financial strength of Oxford Life’s company investment portfolio providing security along with competitive interest rates. The member has the choice of several payout options, and the tax deferral allows faster growth of the member’s money. To see where the Bonus Ten Fixed Indexed Annuity product is available, see the state availability map.
If you have questions on these new Oxford Life annuity products, please call Jeff Bickmore or Erin Mundie at 800-562-7733.
