Oxford Life Insurance Company

Since its founding in 1965, Oxford Life Insurance Company has supported the senior market with life insurance policies and annuities. Through its subsidiaries, the organization also offers Medicare Supplement insurance to help cover medical expenses not paid by Medicare.

Oxford Life Insurance Company amassed more than $2.7 billion in assets as of December 2020, according to the credit rating agency AM Best. Annuities are a top line of business for the company, accounting for nearly 85 percent of direct premiums written.

Oxford Life Insurance Company, or Oxford Life, was established in Arizona with the goal of helping seniors achieve financial well-being throughout retirement.

“Our mission is to provide products and services promoting financial security to individuals that will enable them to live with dignity in their retirement years,” according to the Oxford Life website. “Oxford Life is a strong player in every field where it competes, and constantly strives to be a leader in the industry in all categories.”

Oxford Life achieves its mission through a strong partnership with two subsidiaries:

Additionally, Oxford Life is a member of the publicly traded AMERCO financial holding network.

In July 2021, AM Best upgraded its financial strength rating for Oxford Life from A- to A, reflecting the company’s recent annuity business growth. This scoring is the third highest out of AM Best’s 16 ratings.

AM Best also revised the outlook of the ratings from positive to stable, and upgraded the Long-Term Issuer Credit Rating from “a-” to “a”.

Credit ratings are standardized evaluations of annuity providers’ financial stability. It’s important for consumers to research annuity and insurance companies’ credit ratings, as the companies should have proven soundness to cover and pay claims.

Oxford Life issues fixed indexed annuities and multi-year guaranteed annuities. Annuity rates may vary depending on the product type, provider and location.

Fixed indexed annuities are not directly exposed to the stock market, but they are tied to the performance of a specific stock index. If the index performs well, the annuity can grow. If the index experiences losses, the annuity has downside protection.

Oxford Life also issues multi-year guaranteed annuities, or MYGAs, which provide a fixed interest rate throughout a chosen time span — such as five years.

Oxford Life clients have access to a convenient online portal to review policy details. Clients can also complete important annuity actions such as submitting claim forms, confirming that you’ve received your policy, filing death notifications and uploading death claim forms.