Fixed index annuity review and rates

Royal Select

The Royal Select is a Single Premium Fixed Indexed Annuity with a 10 year withdrawal charge period and an MVA provision. The Royal Select offers a 8% premium bonus that is calculated as a percentage of your initial premium, it is credited proportionately to your account values at issue, and is eligible to earn interest from day one. The bonus amount, plus any interest earned on that amount vests over a period of 10 years.
Available in states: AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.3% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.95% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
5.95% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
Royal Select Guaranteed Lifetime Withdrawal Benefit No 0.95% annually
Oxford Life Insurance Company
Founded: 1965
A.M. Best: A
S&P: A
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
8%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and Inherited IRA