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Oxford Life Insurance Company Review

Oxford Life Insurance Company reviews find an A+ rating with A.M. Best and A- with the BBB, and the company writes final expense life insurance as well as Medicare Supplement. Oxford Life Insurance Company rates are as low as $24.51/month for a $10,000 policy. Oxford Life Insurance Company quotes compare favorably with other companies.

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Ron Attias, a licensed insurance broker. He had no particular loyalty to any one insurance company, so he was able to shop all major insurance carriers. This means that you always get the BEST plan at the LOWEST price. Each plan can be customized to fit your specific healthcare...

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UPDATED: Aug 31, 2020

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

If you’re looking to learn about Oxford Life Insurance Company, you have landed on the right page. Our Oxford Life Insurance Company review was created after looking into their life insurance products and services and comparing their whole life insurance cost with other companies

They say that buying life insurance is the most important decision you can make. Choosing the right insurance company is even more critical. With hundreds of insurers out there, how do you find the right one for you? Oxford Life Insurance reviews like ours can help you decide if this company is on the list.

Read on, because, today, we will find out if Oxford Life is a good choice for your life insurance needs. Why wait to save money? Click on our FREE quote tool above, then check out our Oxford Life Insurance review.

Products Offered by Oxford Life

Oxford Life Insurance Company Inc. offers products mainly for the senior community. Their main products are life insurance, annuities, and Medicare supplement plans. This review will focus primarily on life insurance coverage.

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Prosperity Select

Oxford Life’s Prosperity Select is a single premium whole-life policy. Single premium life (SPL) is a permanent life insurance policy that requires one lump-sum payment for the coverage to be fully paid. In return, you get a guaranteed life insurance death benefit that will pay your beneficiaries when you die.

One of the prominent advantages of SPL is that the cash value builds up quickly because the policy is fully funded. Another notable advantage of Oxford’s SPL is that your single premium is guaranteed from the first day. If you surrender your policy, you are guaranteed to receive 100% of your premium back.

  • Issues ages: 55–80
  • Face amounts: $30,000–$500,000
  • Single premium whole life
  • Death benefit paid to beneficiaries tax-free
  • Simplified issue without an exam
  • Cash value interest rate: 4%
  • 100% guaranteed return of premium

Included Riders

  1. Terminal Illness rider allows the insured to collect a portion of the death benefit while still alive. If you are diagnosed with a terminal illness and have less than 12 months to live, you can withdraw up to 75% of the death benefit, not to exceed $100,000.
  2. Nursing home benefit allows the insured to collect a monthly benefit if they are confined to a nursing home and expected to stay there forever. The eligibility amount is determined by how many years your policy was in force before the claim.
  3. Chronic illness benefit allows the insured to collect a monthly benefit should they be diagnosed with a chronic illness as defined in the policy. The monthly benefit is equal to the lesser of $2,000 or 1% of the face amount.

Related: What are life insurance riders?

Oxford Life Insurance Online Presence

Oxford Life Insurance Company website includes information such as policy options and the Oxford Life Insurance login for customers as well as the agent login. They also have the Oxford Life Insurance provider portal. The Oxford Life Insurance company payer ID will only be available there to providers.

You’ll also find information on how to fill out an Oxford life insurance application. The Oxford Life Insurance Company phone number for customer service and claims is also found on the website.

Oxford Life’s Final Expense Assurance Products

Final expense insurance is used to cover the charges for affairs related mainly to your burial costs such as headstone, casket, cremation or funeral services. This coverage is also a permanent whole-life coverage which carries cash accumulation benefit that grows on a tax-deferred basis over time.

The premium and death benefit are guaranteed to remain the same throughout the insured’s life, and the policy can’t be canceled as long as you pay the premiums. It also comes with an immediate death benefit option, which means the payout will be 100% of the death benefit amount whether the insured dies one day or five years after buying the policy.

Oxford Life offers two types of final expense policies from which to choose: Assurance and Assurance One. They have the same benefits other than the way in which you choose to pay the premiums. With Assurance, you will pay the premium monthly, quarterly, or annually. With Assurance One, you must pay one premium to fund the policy as it’s a single-premium policy.

  • Issue ages: 50–85
  • Face amounts: $5,000–$30,000
  • Immediate death benefit
  • Single premium option
  • Coverage and premium remain level
  • No medical exam needed
  • Cash value grows over time
  • Accelerated death benefit:
    • Terminal illness rider
    • Common carrier rider

 

Oxford Life vs. Other Carriers’ Sample Monthly Rates

This chart give an idea of the rates that are offered for males with Oxford Life Insurance trying to get a $10,000 policy.

Male $10,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Oxford $24.51 $39.90 $68.43 $135.93
 Assurity $28.82 $41.65 $73.05 $155.57
 Mutual of Omaha $29.16 $42.76 $73.70 $132.65
 Americo $32.06 $43.68 $72.93 $145.65
 Liberty Bankers Life $30.51 $45.80 $73.31 $146.80
 Phoenix$30.15 $43.27 $72.74 $146.92
 American-Amicable $30.80 $45.76 $76.57 $151.36
 United Home Life $31.02 $44.69 $74.63 $138.60
 Settlers $31.45 $45.31 $72.85 $153.80
 Transamerica $30.73 $43.85 $74.66 $140.22

This chart gives information on what an average female can expect to pay with Oxford Life Insurance.

Female $10,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Oxford $20.54 $32.32 $52.12 $103.50
 Assurity $25.48 $34.74 $56.41 $113.89
 Mutual of Omaha $24.67 $32.87 $53.24 $98.43
 Americo $24.56 $33.93 $53.43 $112.77
 Liberty Bankers Life $25.57 $34.67 $54.79 $109.16
 Phoenix$26.63 $36.46 $55.26 $110.24
 American-Amicable $25.96 $37.22 $58.70 $110.44
 United Home Life $26.06 $35.42 $73.28 $141.58
 Settlers $26.01 $36.38 $55.76 $113.48
 Transamerica $25.32 $33.72 $71.59 $104.11

Male $20,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Oxford $46.48 $77.25 $134.30 $269.31
 Assurity $55.44 $81.10 $143.90 $308.93
 Mutual of Omaha $55.11 $82.31 $144.20 $262.11
 Americo $60.33 $83.56 $142.06 $287.51
 Liberty Bankers Life $56.39 $86.97 $141.99 $288.97
 Phoenix$56.16 $82.40 $141.34 $289.69
 American-Amicable $58.96 $88.88 $150.50 $300.08
 United Home Life $57.68 $85.03 $144.91 $272.05
 Settlers $62.90 $90.61 $145.69 $291.13
 Transamerica $57.89 $84.05 $145.74 $276.88

Female $20,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Oxford $38.54 $62.08 $101.69 $204.44
 Assurity $48.77 $67.28 $110.62 $225.58
 Mutual of Omaha $46.14 $62.53 $103.28 $193.66
 Americo $45.32 $64.07 $103.06 $221.75
 Liberty Bankers Life $46.51 $64.71 $104.95 $213.69
 Phoenix$49.12 $68.78 $106.37 $216.34
 American-Amicable $49.28 $71.81 $114.75 $218.24
 United Home Life $47.76 $66.49 $100.59 $204.87
  Settlers $52.02 $72.76 $111.52 $226.95
 Transamerica $47.07 $63.87 $104.41 $204.65

Male $30,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Oxford $68.44 $114.60 $200.18 $402.70
 Assurity $82.06 $120.55 $214.75 $462.30
 Mutual of Omaha $81.06 $121.86 $214.69 $391.56
 Americo $88.59 $123.44 $211.19 $429.36
 Liberty Bankers Life $82.27 $128.14 $210.67 $431.14
 Phoenix$82.17 $121.53 $209.94 $432.47
 American-Amicable $87.12 $132.00 $224.43 $448.80
 United Home Life $84.35 $125.38 $215.19 $407.10
 Settlers $94.35 $135.92$218.54 $461.81
 Transamerica $85.04 $124.29 $216.83 NA

Female $30,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Oxford $56.53 $91.85 $151.27 $305.39
 Assurity $72.05 $99.83 $164.82 $337.27
 Mutual of Omaha $67.60 $92.20 $153.31 $288.89
 Americo $66.07 $94.20 $152.68 $330.72
 Liberty Bankers Life $67.45 $94.76 $155.11 $318.23
 Phoenix$71.61 $101.10 $157.49 $322.43
 American-Amicable $72.60 $106.39 $170.81 $326.04
 United Home Life $69.47 $97.55 $148.71 $305.13
 Settlers $78.03 $109.14 $167.28 $340.43
 Transamerica $68.82 $94.02 $154.84NA

*All rates quoted on this page are for a super-preferred healthy individual who does not use tobacco. Monthly rates are updated as of Aug 2018 and are subject to underwriting approval.*

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Oxford Life Insurance Company History

Oxford Life Insurance Company was born in 1965 in the state of Arizona. They offer life insurance, annuities, and Medicare supplement products to the senior community to meet their financial needs. Oxford Life is a subsidiary of North American Insurance Company and Christian Fidelity Life Insurance Company and continues to grow through the acquisition and development of products and companies. Their mission statement is to enable the seniors in the community to live with dignity in their retirement years through financial security. Oxford Life Insurance’s address is 2721 N Central Ave Phoenix, AZ 85004.

Oxford Life Insurance Company Financial Ratings

The Oxford Life Insurance A.M. Best rating is A- (Excellent) rating. Keep in mind that this is only a sign that the company is financially solvent, able to pay its claims. This means they have enough reserve and are conservative with their investment, operating performance, and stability. However, it says nothing about the quality or the service they offer.

The Oxford Life Insurance Company rating with the Better Business Bureau is an A-.

Oxford Life Insurance Compay: The Bottom Line

Oxford Life Insurance is an outstanding company with a strong financial rating and a strong commitment to serving the senior market and agents. They also have one of the lowest prices when it comes to final expense insurance provided you are healthy and can qualify for their plans. The major pitfall is that they only offer level benefit products, for which you have to be healthy to qualify.

Prices are crucial for most of us, however, don’t let this be a reason to buy from one company or another. The reason is simple. It’s not which company has the lowest quotes, but which one will approve your policy at the lowest rates. A quote is what you see online; a rate is what you pay every month after the company has issued your policy.

Now that you’ve learned about Oxford Life Insurance, use our FREE quote tool below to get free quotes.

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Frequently Asked Questions: Oxford Life Insurance

You may still have some questions about Oxford Life Insurance. Check out our Frequently asked questions to see if you can get the answer you are looking for.

# 1– What is Oxford life insurance claims address?

Oxford Life Insurance Company PO Box 46518 Madison, WI 53744-6518

#2 – What is Oxford life insurance Company Medicare supplement?

Oxford Life Insurance is one of the largest US providers of Medicare supplement insurance (including their signature Oxford Insurance Medicare Plans), as well as other essential financial products.

#3 – What are Oxford life insurance annuities?

There are two types of annuities that Oxford Life Insurance offers, Fixed Indexed Annuities and Guaranteed Lifetime Withdrawal Benefits.

References:

  1. http://ratings.ambest.com/CompanyProfile.aspx?BL=0&ambnum=7890&AltNum=20347890&AltSrc=3
  2. https://www.bbb.org/us/az/phoenix/profile/insurance-companies/oxford-life-insurance-company-1126-19003367

 

 

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