Fixed index annuity review and rates

Select 7

The Select 7 annuity is a single premium, deferred annuity contract with a 7 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
4.35% Fixed
1-Year S&P 500 PTP Cap
Point to Point
8.35% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Monthly average
8.35% Cap

Surrender schedule

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


Name Inbuilt Fee
Select Series 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%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and Inherited IRA