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June 16, 2019

Multi-Select 10

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10 year MYGA
Avg Yield
10 Yrs
Blurred commission%
  • NEW! Optional GLWB rider available
  • 30-day surrender free window (after year 10)
  • Withdrawals Interest or 10%
  • A- (Excellent) rating from A.M. Best!
MYGA Bucket
1st YearBaseGuar. Yrs.MYGA YieldMin. Guar.MVAEffective
Product Features
Important Notes Cross boarder sales are not allowed for the following States. NY, AL, MS, VT and WV
Rate Protection Rates are protected on transfers and 1035 exchanges for 60 days from the date the application is received by the Home Office.
Issue Ages
Ages 18‑75
Minimum Premium
Maximum Premium $350K for Index Annuities. $1 million for MYGA products for owner ages 18-75. $500k for owner ages 76-80.
Surrender Charges
10 Years:
At the end of the guarantee period, you will have a 30-day window where you may choose to renew the guarantee period you originally elected. Depending on your circumstances and financial goals at this time, this convenient option assures you of a competitive current interest rate and an easy transition to a new guarantee period. If no election is made during this window, Oxford Life will automatically renew your annuity for the same guarantee period. If a withdrawal or surrender is made within this 30-day window, no surrender charges or market value adjustment will apply. After the 30-day window, a new guarantee period, guaranteed interest rate, surrender charge period and market value adjustment will be applied.
Withdrawals Interest or 10%
Systematic withdrawal of interest in the first year, or two penalty-free withdrawals per year cumulatively, up to 10% of the accumulated value starting in the second year.
Required Distribution Penalties are waived when the minimum distribution amount exceeds the penalty free withdrawal amount.
Annuitization Available after year 1
Death Benefit Penalties waived at death
The death benefit will equal the full accumulation value.
Ages 18‑75
Blurred commission%
Effective: 11/1/2014
Commission Notes Commissions are paid Daily via EFT only.
Commission Chargeback 100% Chargeback for death or surrender in the first year.
MYGA Guaranteed Lifetime Withdrawal Bene
Your initial GLWB payment will be calculated based on your attained age at the time you elect to begin payments. Your initial single deposit paid for your annuity, reduced by the same percentage as any Withdrawals and initial state premium tax, if any, from the Base Policy, prior to electing the GLWB will be multiplied by a payout percentage factor to determine your lifetime benefit payments. The lifetime payout factors increase with age, so similar to Social Security benefits, your GLWB payment will be higher the longer you delay starting payments.

GLWB payments can be started and stopped at any time, and you can decide how frequently you receive your payments: monthly, quarterly, semi-annually or annually. If an IRS mandated Required Minimum Distribution (RMD)3 is required, you will be able to take the greater of the annual GLWB payment or the annual RMD payment without surrender charges.
Income Rider Features
Roll-Up Rate: n/a
Cost (Based on AV): 0.50%
Minimum Start Age: 60
Minimum Deferral: None
Premium Bonus NOT included in IAV
Withdrawal Percentages
Carrier Details
Oxford Life is rated A- (Excellent) with A.M. Best and is domiciled in Nevada. As of 12/31/2017 Oxford Life has $1.96 billion in assets, a 99% investment grade bond portfolio, and $421 million in capital, surplus, and AVR. The company was first incorporated in 1965.
Contact Us
Toll Free:800.327.1460
Fairlane Financial Corp.
1200 S Pine Island Rd Ste 100
Fort Lauderdale, FL 33324
Interest Rates, Participation Rates, Caps, Fees, and Commissions are shown here for comparative purposes only. We will not be held responsible for typographical errors or changes that might occur. Please consult your Agent Commission Schedule and Rate Notices.
This material is for agent use only and is not intended to be used for soliciting annuity sales from the public.
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