Friday, March 12, 2010

 

Phoenix Index Annuity Series Includes “Look Back” Options

A new series of three fixed indexed annuities includes two “look back” accounts, which provide annual credits on a weighted basis... Issued by PHL Variable Insurance Company, a unit of The Phoenix Companies Inc., Hartford (NYSE:PNX), the policies include the Phoenix Reflections Bonus 10, Phoenix Reflections 10, and Phoenix Reflections 7 contracts.

Each is a single-premium FIA with three optional guaranteed minimum withdrawal benefit riders, guaranteed principal protection, and a 10- or 7-year surrender charge schedule (depending on product)...

L&HIN: Phoenix Index Annuity Series Includes “Look Back” Options

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