Oxford has had one of the most compelling fixed indexed annuity stories over the passed several weeks. They are the only carrier offering a 10% bonus on a 10 year surrender charge schedule. On top of that, their income rider was guaranteeing 8% compounded for up to 10 years. I guess it’s true what they say, all good things do come to an end. With the low interest rate environment, Oxford is going to suspend the Bonus Ten product on August 15th. To qualify for the current product, the application must be submitted IN GOOD ORDER, by August 14th.
The new product, the Royal Select, will be a 10 year product with a 7% bonus and available 7% compound rider. This is a very competitive product in today’s market place. See more details below.