Select 3 Rate & Reviews

Select 3

The Select 3 annuity is a single premium, deferred annuity contract with a 3 year surrender charge period and a market value adjustment provision.

Rate Guarantees

Your annuity will be credited with a first year interest rate of 0.00% which is guaranteed for one year. 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. If no election is made during this window, Oxford Life Insurance Company 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 1.00%.

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, MT, 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	4.05% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	7.1% Cap
1-Year S&P 500 PTP Monthly Average Cap	Point to Point Annual Monthly average	7.1% Cap

Surrender schedule

Year	1	2	3
Penalty	10%	9%	8%

Riders

Name	Inbuilt	Fee
Select Series Guaranteed Lifetime Withdrawal Benefit	No	0.95% annually