Oxford Life Multi-Select 9 (w/ liquidity)
Product Overview
Basic Features
| Feature | Details |
|---|---|
| Product Name | Oxford Life Multi-Select 9 (w/ liquidity) |
| Insurer | Oxford Life Insurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 9 Years |
| Current Rate for $20,000 - $1,000,000 | 5.10% |
| Last Rate Change | 4/1/2025, Affirmed |
| Interest Type | Compound Interest |
| State Availability | AK, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WY |
| Free Withdrawals |
|
| Free RMDs | No |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | Yes |
| Terminal Illness Waiver | Yes |
| Surrender Charge by Year | 10.0%, 9.0%, 8.0%, 7.0%, 5.3%, 5.0%, 4.0%, 3.0%, 2.0% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA |
| Terms Available | 3, 4, 5, 6, 7, 8, 9, 10 Years |
| Age Restrictions | 18 to 85 Years Old |
Quick Summary
The Oxford Life Multi-Select 9 (w/ liquidity) is a 9-year Multi-Year Guaranteed Annuity (MYGA) issued by Oxford Life Insurance Company and sold through PlanEasy Inc., a national online annuity agency.Earn a guaranteed compound interest rate on this fixed annuity:
- 5.10% for $20,000 - $1,000,000
Key Details
- Ratings: Oxford Life Insurance Company is rated A by A.M. Best.
- Guaranteed Rates: 5.10% for premiums of $20,000 - $1,000,000. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
- Term: The interest rate is guaranteed for 9 years with a surrender charge schedule of the same duration.
- Free Withdrawals: Yes, there is liquidity as the product allows for 10% in year 2+ that do not incur any surrender charges.
- RMDs: No, RMDs are not free, unless part of any available free withdrawals.
- Age Eligibility: Available for owners between 18 to 85 years old.
- Minimum Premium: Investors can contribute a minimum of $20,000
- Death Benefit: Yes, the product has a traditional death benefit of the annuity's accumulation value, available to the beneficiary with no surrender charges.
- Market Value Adjustment (MVA): Yes, the MVA is applicable to any withdrawals that also incur surrender charges.
- Nursing Home Waiver: Yes, if the owner is confined to a nursing home per the definition in the contract, surrender charges and MVAs are waived.
- Terminal Illness Waiver: Yes, if the owner is terminally ill as defined in the contract, surrender charges and MVAs are waived.
Current & Historical 9-Year Rates
| Premium Band | Effective Date | Guaranteed 9-Year Yield to Surrender |
|---|---|---|
| $20,000 - $1,000,000 | 4/1/2025 | 5.10% |
| 2/1/2025 | ||
| 1/1/2025 |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $20,000 - $1,000,000 | 3 | 4.65% |
| 4 | 5.10% | |
| 5 | 5.15% | |
| 6 | 5.45% | |
| 7 | 5.25% | |
| 8 | 5.20% | |
| 9 | 5.10% | |
| 10 |