CUSIP Number:
76112M007
CUSIP Name:
MYGA Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
01 Nov 2014
Close Date:
CUSIP Note:
Scrap Book:
The Multi-Select Series is a single premium deferred annuity with a market value adjustment. The minimum single premium is $20,000 for qualified and non-qualified money. During the first Policy Year, the Free Withdrawal Amount is the interest as earned if taken as automatic interest withdrawals. After the first Policy Year, the Free Withdrawal Amount is 10% of the Accumulation Value as of the end of the prior Policy Year. Systematic Withdrawal is an option. Surrender/withdrawal charges are a percentage of account value. Each guarantee period has its own surrender charge schedule. Surrender charges vary by guarantee period chosen and are waived in the event of annuitization, death, diagnosis of terminal illness more than one year after policy date (terminal illness benefit), first diagnosis of chronic illness more than one year after policy date and receipt of home health care for previous 90 days and continuing care (home health care benefit), or first diagnosis of chronic illness more than one year after the policy date and confinement to a nursing home for 90 days and continued confinement (nursing home benefit). Waiver of surrender charges not available in all states. There is a 30-day window at the end of each guarantee period in which all or part of accumulated funds may be withdrawn without incurring a surrender charge or MVA (Not applicable in FL). If no election is made during this window, Oxford Life will automatically renew for the same guarantee period (not applicable in FL). Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC. For use with Oxford Life policy forms ICC14-MYGA0814, DA520, and state-specific variations where applicable. Product not available in all states.
Last Modified:
16 Dec 2025 12:14