Oxford Life Insurance Review (2024)
Oxford Life Insurance Company sells life insurance, annuity, and supplemental medicare products focusing on senior citizens. You must be over the age of 50 to buy Oxford Life insurance products. Rates start at $11.55 per month for coverage but vary depending on your age, tobacco use status, medical history, and gender. The company received an A.M. Best rating of A- and a Better Business Bureau rating of B-.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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.
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Oxford Life Insurance Company sells life insurance, annuity, and supplemental medicare products with a focus on the senior market
- Founded in 1965 in Arizona, Oxford Life owns two subsidiaries, North American Insurance Company, and Christian Fidelity Life Insurance Company
- Burial insurance rates start at $11.55, but those under the age of 50 cannot purchase Oxford life insurance policies
Founded in 1965 in Arizona, the Oxford Life Insurance Company sells burial insurance, annuity, and medicare supplemental products to the senior market.
Together with its subsidiaries, the North American Insurance Company and Christian Fidelity Life Insurance Company, the company aims to help senior citizens develop financial security and comfort.
This company is in no way affiliated with the UnitedHealthcare Oxford Benefit Management program. Oxford life insurance rates start at $11.55 per month for a healthy 50-year-old female.
Below, compare real Oxford life insurance quotes, find out what other products this company sells, and discover if the Oxford Life Insurance Company is right for you.
Perhaps Oxford life insurance rates are not the best option for you. You can compare the best life insurance providers in your area for free now by entering your ZIP code into our quote tool above.
What are the Oxford Life Insurance Company rates?
Rates for Oxford Life’s burial or final expense insurance starts at $11.55 for a healthy 50-year-old female.
However, life insurance rates vary depending on your age, medical record, and coverage needs.
The table below compares the average monthly rates for final expense insurance from Oxford Life by gender, age, and death benefit amount.
Oxford Life Average Monthly Final Expense Rates by Gender, Age, and Policy Amount| Age | $5,000 Policy Average Monthly Rates (Female) | $5,000 Policy Average Monthly Rates (Male) | $10,000 Policy Average Monthly Rates (Female) | $10,000 Policy Average Monthly Rates (Male) | $15,000 Policy Average Monthly Rates (Female) | $15,000 Policy Average Monthly Rates (Male) | $20,000 Policy Average Monthly Rates (Female) | $20,000 Policy Average Monthly Rates (Male) | $25,000 Policy Average Monthly Rates (Female) | $25,000 Policy Average Monthly Rates (Male) | $30,000 Policy Average Monthly Rates (Female) | $30,000 Policy Average Monthly Rates (Male) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45 years-old | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
| 50 years-old | $11.55 | $13.53 | $20.54 | $24.51 | $29.54 | $35.50 | $38.54 | $46.48 | $47.54 | $57.46 | $56.53 | $68.44 |
| 55 years-old | $14.08 | $16.71 | $25.60 | $30.86 | $37.13 | $45.02 | $48.65 | $59.18 | $60.18 | $73.33 | $71.71 | $87.49 |
| 60 years-old | $17.43 | $21.22 | $32.32 | $39.90 | $47.20 | $58.57 | $62.08 | $77.25 | $76.97 | $95.92 | $91.85 | $114.60 |
| 65 years-old | $22.02 | $27.89 | $41.49 | $53.24 | $60.96 | $78.58 | $80.43 | $103.92 | $99.90 | $129.26 | $119.37 | $154.61 |
| 70 years-old | $27.34 | $35.49 | $52.12 | $68.43 | $76.91 | $101.36 | $101.69 | $134.30 | $126.48 | $167.24 | $151.27 | $200.18 |
| 75 years-old | $37.00 | $47.97 | $71.44 | $93.38 | $105.89 | $138.80 | $140.34 | $184.21 | $174.78 | $229.63 | $209.23 | $275.04 |
| 80 years-old | $53.02 | $69.24 | $103.50 | $135.93 | $153.97 | $202.62 | $204.44 | $269.31 | $254.92 | $336.01 | $305.39 | $402.70 |
| 85 years-old | $77.55 | $95.14 | $152.55 | $187.72 | $227.55 | $280.31 | $302.55 | $372.90 | $377.55 | $465.48 | $452.55 | $558.07 |
Depending on your age, you can secure affordable Oxford life insurance quotes. However, more considerable death benefits become costly for older customers.
You can get an Oxford Life insurance quote through the company website. A customer portal and a mobile application also exist.
After making an account, you can make changes to your policy and contact an agent through the app or online. However, a phone line is also available.
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What insurance products does Oxford Life offer?
Oxford Life sells three different life insurance policies called Assurance, Assurance One, and Prosperity Select.
Assurance, the most affordable of the policies, is a generic burial or final expense insurance policy. Individuals between the ages of 50 and 85 can apply, and coverage ranges from $5,000 to $30,000.
No medical exam is required, but you do need to answer a medical questionnaire. Approval happens automatically during a point-of-sale interview.
Optional accelerated benefits include a terminal illness rider and a common carrier rider.
Assurance One policies work similarly to the Assurance policies, but you must be 55 or older, and you can pay only one premium instead of monthly or annually. Therefore, you remain covered without the burden of monthly payments.
The accelerated benefits offered include a terminal illness rider, nursing home rider, and chronic illness rider.
Prosperity Select is a single premium whole life insurance option. Folks between the ages of 55 and 85 can apply, and once again, you can pay the premium in full at one time.
If something happens to you, the policy passes the death benefit to your heirs tax-free. The accelerated benefits match that of the Assurance One policy.
Several annuity options designed to assist with retirement income also exist through Oxford Life.
Folks can choose from Royal Select, Silver Select, Select Series, or MultiSelect annuities. The issue age for all options is between 18 to 80.
The Silver Select option is a fixed indexed annuity, and you receive a 4 percent premium bonus when you deposit the funds. Royal Select, on the other hand, offers an 8 percent premium bonus.
The Select-Series is a low-risk, long-term investment option that gives you a choice of three, five, seven, or ten-year durations.
Multi-Select offers a more stable interest rate that the purchaser can choose. The return for this option is more predictable.
Medicare supplemental insurance options are also available through Oxford Life in the following states:
- Arizona
- California
- Colorado
- Idaho
- Illinois
- Iowa
- Maryland
- Missouri
- Montana
- Nebraska
- Nevada
- North Carolina
- North Dakota
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- Utah
Most of the supplemental medicare insurance gets underwritten by Oxford Life’s subsidiary, Christian Fidelity Life Insurance Company.
What are the Oxford Life ratings and reviews?
Let’s take a look at the financial ratings and outlook of Oxford Life. A.M. Best awarded Oxford Life with an A- (excellent) financial score.
Overall, you can trust this company is in good economic standing and can payout your death benefit to your beneficiaries.
Now let’s look into Oxford Life customer experience reviews. The Better Business Bureau rates this company as a B-, which is average.
However, according to the National Association of Insurance Commissioners (NAIC), the complaint index for Oxford Life is 0.08.
Any complaint index below a score of 1 is a positive sign and means the customer experience is better than average for a company of its size.
Overall, folks who use Oxford Life appear to be satisfied with the company.
What is the history of Oxford Life Insurance Company?
Created in 1965 in Arizona, the Oxford Life Insurance Company focused on life insurance, annuity, and supplemental health insurance products for senior citizens from the very beginning.
Later on, the company expanded, eventually acquiring both the North American Insurance Company and the Christian Fidelity Life Insurance Company.
Now, Oxford Life is a member of the publicly traded financial holding network, AMERCO.
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Oxford Life Insurance: The Bottom Line
If you’re over 50 years-old and require life insurance coverage, Oxford Life is a great company to add to your list for comparison shopping.
Not only does Oxford specialize in working with senior citizens, but most of the insurance products don’t even require a medical examination, only a questionnaire.
However, focusing on seniors means younger shoppers need to look elsewhere for coverage. People under 50 cannot buy Oxford Life insurance.
Another downside is that Oxford Life doesn’t sell insurance in every state and mostly focuses on the United States’ southern region.
Luckily, Oxford Life is just one of many life insurance providers on the market today. You can secure your best rates by comparing quotes from multiple providers online.
There’s no time like the present to start shopping for life insurance, perhaps Oxford life insurance or another option. Compare the best life insurance companies near you for free by entering your ZIP code into our quote tool below.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
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.