Wednesday, June 29, 2011

Product Update - CA Approves Phoenix Fixed and Indexed Annuities

 

Effective July 11, 2011 - California Approves Phoenix Fixed and Indexed Annuities and GMWB Riders

See below for a list of the approved products and features.

 


PHOENIX PERSONAL INCOME ANNUITY

Single Premium Fixed Indexed Annuity with Optional Guaranteed Minimum Withdrawal Benefit

§         Highly competitive lifetime income via choice of two GMWB riders:

Income Strategy: TODAY

• A 30% bonus to the benefit base1 available in year one

• A 37.5% bonus to the benefit base1 after year one

• A 45% bonus to the benefit base1 after year two

 

Income Strategy: TOMORROW

• 14% simple roll-up to benefit base1 for first 10 contract years

§       Principal protection from market losses by a 0% floor 

§ Guaranteed death benefit equal to greater of contract value or Total Guaranteed Value

Please feel free to use the attached fillable flyer to assist your marketing efforts in all approved states.

 

PHOENIX INDEX SELECT GOLD BONUS

Single Premium Fixed Indexed Annuity with Optional Guaranteed Minimum Withdrawal Benefit

Maximize growth potential

·  8% up-front premium bonus2

Protect principal

·  0% floor – no investment risk

·  Guaranteed death benefit (surrender charge waived)

 

Choose from 2 lifetime income options3

 

Income 25

·  A cumulative 25% bonus to initial benefit base at the end of first year1

 

INCOME PLUS

·  8% compound roll-ups to benefit base for first 10 contract years rewards delayed withdrawals1

PHOENIX SELECT PLUS

(Also now available for sale in IL, NJ, PA)

Single Premium Modified Guaranteed Fixed Annuity

  • Fixed annuity with competitive rates
  • Choice of 4, 5, 7 or 10 year duration
  • Principal protection
  • Guaranteed death benefit (surrender charges waived)

 

To learn more, call 1-877-257-8246 today!

 

1. The Benefit Base is not available for withdrawal; it is used only to calculate the fees and withdrawal amount guaranteed by the riders. The withdrawal rate varies by age and rider elected.

2. Crediting rates may be less than a comparable non-bonus product.

3. Riders are optional for an annual fee of a percentage of the benefit base deducted from the contract value. 

4.  If withdrawals are taken in year one, the bonus to the initial benefit base is limited to 12.5%.

 

 

For producer use only. Not for use with the public as sales literature.

Products are subject to state approval and may vary by state.

Lifetime guarantees are based on the claims-paying ability of PHL Variable Insurance Company.

Annuities are long-term investment vehicles particularly suitable for retirement assets. Early withdrawals may be subject to surrender charges. Withdrawals are subject to ordinary income tax and if taken prior to age 59-1/2, a 10% IRS penalty may apply.

Non-Security Status Disclosure: The Phoenix Personal Income Annuity, Phoenix Reflections Bonus and Phoenix Index Select Gold Contracts have not been approved or disapproved by the Securities and Exchange Commission. The Contracts are not registered under the Securities Act of 1933 and are being offered and sold in reliance on an exemption therein.

Phoenix Personal Income Annuity (09EIA, ICC09EIAN, 10FIA and 101SN), Phoenix Reflections Gold Bonus (ICC09EIAN, ICC09EIAX, 10FIA), Phoenix Index Select Gold Bonus (10FIA, 101SB), Phoenix Select Plus (D607) are issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT). PHLVIC is not authorized to conduct business in New York and Maine.

 

BPD37927   6/11

 



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