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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%
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Royal Select

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Highlights

The Royal Select is a Single Premium Fixed Indexed Annuity with a 10 year withdrawal charge period and an MVA provision. 
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
Type
 Fixed Index
Purpose Lifetime Income
Premium Bonus
 8%
Term
 10 Years
Surrender schedule
 10%9%8%7%6%5%4%3%2%1%
Free withdrawal
 1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Minimum contribution
 $10,000
Maximum contribution
 $500,000
Max Age Qualified
 80
Types of funds
 Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and Inherited IRA
Brochure
 Open brochure

Find out if the Royal Select is the right product for you.

Premium Notes

Minimum and Maximum Issue Amounts
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 carrier

Payout 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. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.15% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.35% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
8.35% 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.

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