Today’s Best Oxford Life Annuity Rates
| Term | Product | AM Best Rating | Rate |
| 6 Years | Multi Select | A | 5.50% |
| 7 Years | Multi Select | A | 5.40% |
| 5 Years | Multi Select | A | 5.30% |
Oxford Life
Our Take
Oxford Life could be a good choice for someone looking for an indexed annuity or a MYGA. The company offers generous bonuses on indexed annuities and includes 10% withdrawals for free after the first contract year.
Pros
- Indexed annuity premium bonuses
- Home health care benefit
- Free withdrawals after first year
- Wide availability
- Strong customer service and financial strength rating
Cons
- High minimum and low maximum premiums
- Limited product variety
Additional Products Offered by Oxford Life
Oxford Life offers four annuity products; three indexed annuities one multi-year guaranteed annuity or MYGA.
Oxford Life’s MYGA
Oxford Life’s Multi-Select® is a MYGA with guarantee period options between three and 10 years. The annuity has a $20,000 minimum premium, and maximum premiums between $500,000 and $1,000,000 depending on the issue age.
The Multi-Select® annuity allows owners to withdraw the annuity’s interest during the first contract year. After that first year, owners can withdraw up to 10% of the contract’s value without penalty. Surrender or withdrawal charges may also be waived in the case of terminal illness or if the owner requires home health care or nursing home care.
Owners can customize their Oxford Life MYGA with a guaranteed lifetime withdrawal benefit (GLWB). This rider costs 0.50% of the annuity’s accumulation value and enables lifetime withdrawals, creating a stream of income you can’t outlive.
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Oxford Life’s Indexed Annuities
Oxford Life sells three indexed annuity products: the Royal Select®, the Silver Select® and the Select Series®.
- Royal Select® comes with an 8% premium bonus that gets added as soon as you deposit your premium. The annuity has single and joint payout options and a GLWB available for 0.95% of the accumulation value.
- Silver Select® features a 4% immediate premium bonus, allowing owners to withdraw up to 10% of their contract value penalty-free after the first contract year. This annuity has the same payout options and available GLWB as Royal Select®.
The Select Series® has available surrender charge schedules of three, five, seven or 10 years. Surrender and withdrawal charges are waived in the case of terminal illness, home health care or nursing home care. The product also has a GLWB available for 0.95% of the accumulation value.
About Oxford Life
Founded in 1965, Oxford Life Insurance Company is a member of the U-Haul Holding Company, which is best known for their do-it-yourself moving equipment rentals.
According to the National Association of Insurance Commissioners (NAIC), Oxford Life sold over $300 million in individual annuity premiums in 2022, owning about 0.11% of the U.S. annuity market. The provider sells annuities and life insurance in 48 states and the District of Columbia.
Connect with Oxford Life’s customer service at 866-641-9999.
Talk to one of our trusted partners at 855-995-1277 or request a free estimate.
Credit Ratings
Credit ratings for annuity providers can help determine a company’s financial strength and stability — an indication that it will be around to guarantee payments to you in the future. Different rating companies use different scales.
Oxford Life’s Credit Ratings
| Rating Company | Credit Rating |
| AM Best | A (Excellent) |
| Fitch | Not Rated |
| S&P | Not Rated |
See which annuity providers our independent editorial team ranked as the Best Annuity Companies of 2024.
What Customers Are Saying About Oxford Life
Oxford Life has not had any annuity customer complaints reported to state insurance commissions in the last three years, according to the NAIC. This data indicates that the company has a relatively high customer satisfaction rate, though it should also be noted that Oxford Life is a small company and does not have as many customers as a lot of its competitors.
The NAIC tracks the consumer complaints that each state’s insurance commission receives each year. These are used to compile a company’s glossary term=”NAIC Complaint Index”]NAIC Complaint Index.[/glossary]
NAIC Complaint Index for Oxford Life
| All Policy Types | 0.36 |
| Individual Annuities Only | 0.00 |
Oxford Life did not appear in either the 2022 or 2023 editions of the J.D. Power Customer Satisfaction Index Ranking, which measures the overall customer satisfaction of annuity providers.
Oxford Life Pros & Cons
Just like any annuity provider, Oxford Life has benefits and drawbacks. Be sure to consider the pros and cons of any provider before purchasing an annuity.
Pros
- Indexed annuity premium bonuses: Two of Oxford Life’s indexed annuities include premium bonuses to jump-start their accumulation.
- Home health care benefit: In addition to waiving surrender charges for terminal illness or nursing home care as many of its competitors do, Oxford Life also waives these charges if the annuity owner requires home health care services.
- Free withdrawals after the first year: Oxford Life allows owners to withdraw 10% of their contract’s value each year without penalty.
- Wide availability: Oxford Life annuities can be purchased in 48 states and the District of Columbia.
- Strong customer service and financial strength ratings: The provider scores well on industry metrics for customer satisfaction and financial stability.
Cons
- High minimum and low maximum premiums: Oxford Life’s minimum premiums range from $10,000 to $20,000, while maximum premiums can be as low as $350,000.
- Limited Product Variety: Oxford Life only sells four annuity products: three indexed annuities and one MYGA.
Buy an Annuity From Oxford Life Today
Provider Rating Methodology
Annuity.org created a fact-based methodology to analyze the strength, security and reach of different annuity providers. We assessed companies based on their availability, the amount of direct premiums sold, their AM Best Financial Strength Rating and their NAIC Complaint Index score.
Providers received a rating on a five-star scale for each of these categories, with the complaint index and financial strength ratings weighed as the heaviest variables. Then, using a weighted average, each company was assigned an overall star rating.
Annuity.org’s Top-Ranked Providers
| Provider | Annuity.org Star Rating |
| Mass Mutual |  |
| New York Life | |
| Pacific Life | |
| Midland National | |
| North American | |
| Western & Southern | |
Our Rating Panel
The Annuity.org editorial team spoke with several different annuity experts to learn more about what is important to customers when searching for a provider and what factors make a company reliable. While Annuity.org designed the methodology, these experts provided feedback during the process and consulted on what factors we should leverage to best help prospective buyers compare providers.
