Silver Select: Rates & Review

Highlights

The Silver 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	4%
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

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Premium Notes

Minimum and Maximum Issue Amounts
You can start an Oxford Life Silver 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
Oxford Life Insurance Company will pay out, as the Death Benefit, the Account Value to your beneficiary upon death of the owner or if non-natural owner, the annuitant. Your beneficiary may choose to receive the payouts in either a lump sum or a series of income payments.

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). Annuitization Not available in VI.

*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	4.55% Fixed
1-Year S&P 500 PTP Monthly Average Cap	Point to Point Annual Monthly average	9% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	9% 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
Silver 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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