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!
Ratings:
- A.M. Best A
About Product
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3.4%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.2%
Cap
|
1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
7.2%
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
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).