Expenses

Oxford Life

Short Company Name: 
Oxford Life
Long Company Name: 
Oxford Life

Oxford Life Insurance Company is headquartered in Phoenix, Arizona. It was founded in 1965 and is, currently, a subsidiary of AMERCO. Oxford Life aims at serving the senior market and help them meet their financial requirements through its insurance and annuity products.

Oxford Life, along with its three subsidiaries, North American Insurance Company, Christian Fidelity Life Insurance Company and Dallas General Life Insurance Company, offers life insurance, annuities and Medicare supplement to individual clients. Given below is a high level overview of its products offerings:

Company Type: 
Insurance Company
Address
Street Address: 
2721 North Central Avenue
City: 
Phoenix
State: 
AZ
ZIP Code: 
85004
Country: 
USA
Phone Number: 
800-308-2318
Fax Number: 
602-277-5901
Year Founded: 
1965
Key Phrases: 

GPM Life

Short Company Name: 
GPM Life
Long Company Name: 
Government Personnel Mutual Life Insurance Company

Government Personnel Mutual Life Insurance Company (GPM Life) focuses on providing insurance products to military service members, retired military individuals, federal civil service employees and civilian families. GPM Life was started in 1934 by retired Army Colonel P.J. Hennessey and became the first insurance company to provide life insurance cover to qualified U.S. military service members even if they lose their lives in the event of war. Government Personnel Mutual Life Insurance Company offers life insurance, annuity and supplemental health products.

Company Type: 
Insurance Company
Address
Street Address: 
2211 NE Loop 410
City: 
San Antonio
State: 
TX
ZIP Code: 
78217
Country: 
USA
Phone Number: 
800-938-4765
Fax Number: 
888-701-3869
Year Founded: 
1934

Can a 10 year variable annuity with 5 year penalties be cashed out after 5 years without penalty?

You need to take a look at the surrender charges your particular VA contract.

Should I invest in a variable annuity?

Thanks for reaching-out.

It is generally very difficult if not impossible to provide a simple yes/no answer to this type of question without having much more detail regarding your situation and needs.  That said, here are some things to think about:

Companies: 

Congress is Considering Annuities to Help Retirees Address Longevity Risk

Through the Senate Special Committee on Aging, U.S. lawmakers and regulators have been conducting hearings focused on retirement security issues. The hearings are a follow-up to a recent request for comment on the same topic from the U.S. Labor and Treasury Departments.
Companies: 

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