Royal Select
The Royal Select Annuity is a reliable choice for a secure future. Designed for retirees, it provides steady income that will last for life. Enjoy peace of mind knowing your retirement is sorted.
With its attractive interest rates and flexibility, you have control over your investment. You won't find a better friend in planning for golden years. Go for Royal Select, a name you can trust!
Royal Select
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.7%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.65%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
7.65%
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 |
Waivers
Nursing Home
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 request surrender/withdrawals from this policy without reduction for any surrender/withdrawal charge.
Terminal Illness
If you are first diagnosed as terminally ill more than one year after the policy date, you may surrender/withdraw this policy for its Account Value without reduction for any surrender/withdrawal charge.
ADL
If you are first diagnosed as chronically ill more than one year after the policy date, are receiving home health care, and have been for the previous 90 days, you may request surrender/withdrawals from this policy without reduction for any surrender/withdrawal charge.
Premium Notes
You can start an Oxford Life Royal Select annuity with as little as $10,000 for qualified and non-qualified policies. Premium payments are allowed up to $500,000 ages 18-75, $350,000 ages 76-80.
Note: We take Inherited/Beneficiary IRAs as a transfer.
Withdrawal Provisions
Death Benefit The death benefit is equal to the greater of the Accumulation Value or the Guaranteed Minimum Value as of the date of death. If the policy has joint owners, the death benefit is payable after the first death of an owner. Annuitization Verify state availability with carrierPayout Options (Annuitization)Period Certain Payments: Equal payments for a fixed period of up to 30 years.Lifetime income: Equal payments will be made for your lifetime.Lifetime income with guaranteed period certain: Equal payments will be made for the longer of your remaining lifetime or the period agreed upon (5, 10, 15, 20 years or more). In most states maturity occurs at age 95, but an early annuitization option is available after the first policy year. Free Withdrawals The penalty-free amount during the first Policy Year is the Fixed Account interest rate multiplied by the portion of the premium allocated to the Fixed Account. After the first Policy Year, the penalty-free amount for withdrawal is 10% of the Accumulation Value as of the beginning of that Policy Year. The penalty-free amount for surrender is 10% of the sum of the Accumulation Value at the time of surrender and any penalty-free withdrawals since the last Policy Anniversary less any penalty-free withdrawals since the last Policy Anniversary.
- A.M. Best A
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