Oxford Life
Product Details
After the first contract year, you can withdraw up to 10% of the account balance as of the most recent policy anniversary penalty-free. Note that any withdrawals made prior to age 59½ will incur a 10% penalty from the IRS.
Year by Year Account Balance
The following is your guaranteed annual account balance, interest accumulation, and free withdrawal provision. Note that any withdrawals actually made would affect the subsequent years' values.
Enter Investment Amount:
| YEAR | RATE | EARNINGS | BALANCE |
|---|
Charges on Withdrawal
For any withdrawals beyond the free allowance during the contract term, surrender charges will apply as follows:
| Year | 1 Year | 2 Years | 3 Years | 4 Years |
|---|---|---|---|---|
| Percentage | 10.00% | 9.00% | 8.00% | 7.00% |
Product Name: Multi-Select Annuity - Brochure
Rate Effective Date: March 31, 2021
Minimum & Maximum Investment: $20,000 - $1,000,000
*Maximum investment is $750,000 for ages 76-80 and $500,000 for ages 81-85.
Rate Banding:
No banding. All investment amounts receive the same rate.
Account Types: Personal Investment, Traditional IRA, Roth IRA, SEP IRA or 403(b) TSA
Age Limits: 18 - 85
Free Look Period: 30 days
This is the amount of time you have after the policy is issued to change your mind and get a refund.
Rate Lock Period:
This is the amount of time that you have after the application is submitted to fund it and still get the rate in effect at the time of application. Rate lock periods vary by method of funding as follows:
- Qualified Retirement Account: 60 days
- Non-Qualified Personal Savings: 60 days
- 1035 Annuity Exchanges: 60 days
Commission Rate: 0.5% - 3%
We are paid by Oxford Life when you make a purchase. Commission rates are updated periodically and subject to change. In limited instances, Blueprint Income may receive higher compensation than the published commission rates based on achieving a certain level of sales volume or as a result of playing an expanded role in policy processing. This is an indirect cost to you, as it is already factored into the interest rate quoted.