Is Oxford Life a Good Insurance Company?
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Is Oxford Life a good insurance company? At Diversified Insurance Brokers, we work with 100+ top-rated carriers to help retirees and pre-retirees secure guaranteed income and affordable final-expense protection. Oxford Life Insurance Company focuses on simple, reliable products—especially fixed annuities, MYGAs, and final-expense (burial) life insurance—making them a solid option for clients who value straightforward guarantees and predictable outcomes.
Compare Oxford Life Annuity Rates or Request a Quote
See your guaranteed lifetime income options and get personalized annuity illustrations from Oxford Life.
Oxford Life Final Expense (Burial) Quotes
Compare premiums and coverage amounts for simplified-issue burial insurance—no medical exam required.
About Oxford Life
Oxford Life concentrates on protection-first solutions—particularly fixed annuities and final expense life insurance. Their MYGAs aim to lock in competitive guaranteed interest for a set term, while their fixed indexed annuities (FIAs) offer market-linked growth with principal protection. On the life side, Oxford Life’s burial insurance is designed for straightforward approval and predictable, level premiums.
Popular Oxford Life Offerings
- Multi‑Year Guaranteed Annuities (MYGAs): Guaranteed interest for 3–10 years with no market risk.
- Fixed Indexed Annuities (FIAs): Upside potential tied to an index, with zero market‑loss to principal.
- Immediate/Deferred Income Options: Turn savings into lifetime paychecks you can’t outlive.
- Final Expense (Burial) Life Insurance: Simplified‑issue, permanent coverage to help cover funeral and final expenses.
Who Oxford Life Is a Good Fit For
- Retirees seeking guaranteed income and principal protection.
- Pre‑retirees who want to lock in fixed rates without market volatility.
- Families looking for affordable burial coverage with level premiums and lifetime protection.
- Conservative investors who prefer clear guarantees over complex market risk.
Pros
- Simple, guarantee‑driven product lineup that’s easy to understand.
- Competitive MYGA rates and solid income options.
- Simplified‑issue burial insurance with predictable costs.
Considerations
- Availability and crediting strategies vary by state and product.
- Fewer “bells & whistles” than some large, feature‑heavy competitors (which many clients prefer).
Our Take
Oxford Life is a strong fit for clients who want clear guarantees, predictable outcomes, and a smooth path to either guaranteed lifetime income or burial insurance. At Diversified Insurance Brokers, we can compare Oxford Life’s MYGAs, FIAs, and final‑expense plans against 100+ carriers to find the right balance of rate, features, and flexibility for your situation.
FAQs: Is Oxford Life a Good Insurance Company?
What is Oxford Life’s financial strength rating?
Oxford Life holds an A (Excellent) financial strength rating from A.M. Best, with a long-term issuer credit rating of “a.” The outlook was revised to Negative in September 2024.
What products does Oxford Life offer?
Oxford Life offers fixed indexed annuities (FIAs), multi-year guaranteed annuities (MYGAs), life insurance (including final expense), and Medicare supplement (Medigap) coverage in many states.
How is Oxford Life’s customer service and complaints record?
Customer experiences are mixed. Some policyholders report delays in claims or surrenders, long hold times, and document processing issues. Oxford Life is not BBB-accredited and has a B- rating there, while regulatory complaint levels for annuities are relatively low in several periods.
What are Oxford Life’s strengths?
Strengths include strong financial ratings, competitive bonuses on select FIAs, options for partial/free withdrawals after certain years, available waivers for qualifying health events (such as terminal illness or home health care), and a long operating history since 1965 under a publicly traded parent company.
What are some drawbacks or things to watch out for?
Considerations include higher minimum premiums on some annuities, a narrower product lineup than larger carriers, the recent Negative outlook from A.M. Best (even though the rating remains Excellent), and the mixed customer service reviews noted above.
Disclaimer: Product features, customer experience, ratings, and availability can vary by state and change over time. This is informational only—not insurance or legal advice.
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About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
