PHOENIX, Jan. 18, 2018 /PRNewswire/ -- Oxford Life Insurance Company's Multi-Select™ 6-Year Annuity ranked as the No. 8 best-selling Multi-Year Guaranteed Annuity (MYGA) product via Independent Distribution for the third quarter of 2017, according to the Wink's Sales & Market Report. Wink's is the longest-running, most comprehensive source of indexed insurance product sales and trends.
Mike Quaranta, Vice President and Chief Marketing Officer for Oxford Life, stated: "The success of the Multi-Year Guaranteed Annuity is proof that seniors, now more than ever, desire a market return with a minimal amount of risk. While there are other safe alternatives, MYGAs offer tax-deferred interest rates at levels which are usually higher than typical financial institutions can offer. Oxford Life is excited to be a preferred provider of MYGAs and proud to have the opportunity to provide our clients with a financially secure retirement."
Highlights of Oxford Life's Multi-Select Annuity include the guaranteed interest rate for the period chosen by the policy holder; long-term accumulation of funds for building a retirement income; and accessibility to funds when it is most needed.
Oxford Life Insurance Company was founded in the Grand Canyon state of Arizona in 1965 and remains committed to supporting the senior market through life insurance, annuity, and Medicare supplement products that meet their financial needs. Oxford Life is continually working to support its mission of enabling seniors to live with dignity in their retirement years through financial security. Oxford Life is a strong player in every field where it competes, and constantly strives to be a leader in all categories of the life insurance and annuity markets. Oxford Life is a member of AMERCO, a publicly traded financial holding network.