Phoenix Personal Protection ChoiceSM
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Phoenix Personal Protection Choice is a single-premium deferred indexed annuity. It features six indexed accounts linked to the performance of three market indices, a fixed account and a choice of six optional guaranteed minimum withdrawal benefit riders.

Product Disclosure – 10FIA
Product Disclosure – ICC09EIAN
Combo Rider Disclosure
ABA Supplement
Care Protection Benefit FAQs
Product Basics
Target Prospects and Key Uses

To obtain personalized annuity illustrations for client presentations, contact the Phoenix Annuity Sales Desk at 1-800-417-4769.

Product Basics
  • Issue ages 0-85
  • Minimum single premium: $15,000
  • Amounts over $1,000,000 require home office approval
  • Reallocation among accounts is allowed at the end of each segment duration in the 30 days before each contract anniversary

Choice of Six Indexed Accounts 

  • With index credits tied to the positive performance of each of the indices: S&P 500®, DJIA, and Euro Stoxx 50®
  • All index credits exclude dividends

Point-to-Point Indexed Accounts:

  • One-year S&P 500®
  • Two-year S&P 500 (not available in AK, MO, MN, NC, NJ, OR, VA, WA)
  • Monthly S&P 500
  • One-year DJIA
  • One-year Euro Stoxx 50®
  • One-year Balanced Allocation (S&P 500, DJIA, Euro Stoxx 50)
  • Five-year S&P 500 (only available in AK, MO, MN, NC, NJ, OR, VA, WA)
  • Segment duration for all accounts is one year with the exception of the Two-year S&P 500, 500 and Five-year S&P 500 indices
  • Each account is subject to a cap, participation rate and an index spread

Protection From Market Loss

  • Index credit is never less than 0%
  • No investment loss due to market downturns

Based on your client’s needs, you may recommend one of the following rider combinations:

Income & Family Protection: Today or Tomorrow

  • Either rider guarantees withdrawals for life (choose based on anticipated timeframe) even after the entire contract value is withdrawn; also offers an enhanced death benefit (adjusted for withdrawals).

Income & Care Protection: Today or Tomorrow

  • Either rider guarantees withdrawals for life (choose based on anticipated timeframe) even after the entire contract value is withdrawn; increases the amount of withdrawals in the event chronic care protection is required either in a nursing facility or in the home.

Income, Family & Care Protection: Today or Tomorrow

  • Either rider guarantees withdrawals for life (choose based on anticipated timeframe) even after the entire contract value is withdrawn; increases the amount of withdrawals in the event chronic care protection is required either in a nursing facility or in the home. Also offers an enhanced death benefit (adjusted for withdrawals).

Income & Family Protection: Today

Income Protection: Today Income Protection: Today provides a cumulative upfront bonus of 45% of the initial Contract Value directly to the Income Benefit Base after two contract years if the rider has not been exercised. Owners may chose to take income immediately; however the bonus amount is limited to 30% of the initial Contract Value if the rider is exercised during the first contract year and 37.5% if the rider is exercised in the second contract year. There is also a 3% simple interest Roll-Up in years 3 - 10 and Roll-Up Restart on the 10th anniversary.

Family Protection: Today is an Enhanced Death Benefit that may exceed the contract death benefit and be chosen in its place

Income & Family Protection: Tomorrow

Income Protection: Tomorrow

Income Protection: Tomorrow features a Roll-Up Period for Income for the first 10 contract years. On each contract anniversary during this period, if the rider has not been exercised, a 14% simple roll-up will be added to the Income Benefit Base. The roll-up amount will be equal to the Income Benefit Base at issue multiplied by 14%. Roll-Up Restart is available on the 10th anniversary.

Family Protection: Tomorrow is an Enhanced Death Benefit that may exceed the contract death benefit and be chosen in its place


Income & Care Protection: Today

Income Protection: Today provides a cumulative upfront bonus of 45% of the initial Contract Value directly to the Income Benefit Base after two contract years if the rider has not been exercised. Owners may chose to take income immediately; however the bonus amount is limited to 30% of the initial Contract Value if the rider is exercised during the first contract year and 37.5% if the rider is exercised in the second contract year. There is also a 3% simple interest Roll-Up in years 3 - 10 and Roll-Up Restart on the 10th anniversary.

Care Protection: Today allows your client to take enhanced withdrawals from the account value through the optional Care Protection benefit in the event your client is confined to a nursing home or require nursing care. This rider may be exercised after the second contract anniversary and provides an enhanced withdrawal amount up to a maximum amount (based on issue age and qualification level). The insured must either be confined to a nursing home or unable to perform at least two of six Activities of Daily Living (ADLs) for at least 90 continuous days.

Income & Care Protection: Tomorrow

Income Protection: Tomorrow features a Roll-Up Period for Income for the first 10 contract years. On each contract anniversary during this period, if the rider has not been exercised, a 14% simple roll-up will be added to the Income Benefit Base. The roll-up amount will be equal to the Income Benefit Base at issue multiplied by 14%. Roll-Up Restart is available on the 10th anniversary.

Care Protection: Tomorrow allows your client to take enhanced withdrawals from the account value through the optional Care Protection benefit in the event your client is confined to a nursing home or require nursing care. This rider may be exercised after the second contract anniversary and provides an enhanced withdrawal amount up to a maximum amount (based on issue age and qualification level). The insured must either be confined to a nursing home or unable to perform at least two of six Activities of Daily Living (ADLs) for at least 90 continuous days.


Income, Care & Family Protection: Today

Income Protection: Today provides a cumulative upfront bonus of 45% of the initial Contract Value directly to the Income Benefit Base after two contract years if the rider has not been exercised. Owners may chose to take income immediately; however the bonus amount is limited to 30% of the initial Contract Value if the rider is exercised during the first contract year and 37.5% if the rider is exercised in the second contract year. There is also a 3% simple interest Roll-Up in years 3 - 10 and Roll-Up Restart on the 10th anniversary.

Care Protection: Today allows your client to take enhanced withdrawals from the account value through the optional Care Protection benefit in the event your client is confined to a nursing home or require nursing care. This rider may be exercised after the second contract anniversary and provides an enhanced withdrawal amount up to a maximum amount (based on issue age and qualification level). The insured must either be confined to a nursing home or unable to perform at least two of six Activities of Daily Living (ADLs) for at least 90 continuous days.

Family Protection: Today is an Enhanced Death Benefit that may exceed the contract death benefit and be chosen in its place

Income, Care & Family Protection: Tomorrow

Income Protection: Tomorrow features a Roll-Up Period for Income for the first 10 contract years. On each contract anniversary during this period, if the rider has not been exercised, a 14% simple roll-up will be added to the Income Benefit Base. The roll-up amount will be equal to the Income Benefit Base at issue multiplied by 14%. Roll-Up Restart is available on the 10th anniversary.

Care Protection: Tomorrow allows your client to take enhanced withdrawals from the account value through the optional Care Protection benefit in the event your client is confined to a nursing home or require nursing care. This rider may be exercised after the second contract anniversary and provides an enhanced withdrawal amount up to a maximum amount (based on issue age and qualification level). The insured must either be confined to a nursing home or unable to perform at least two of six Activities of Daily Living (ADLs) for at least 90 continuous days.

Family Protection: Tomorrow is an Enhanced Death Benefit that may exceed the contract death benefit and be chosen in its place


Fixed Account:

  • interest credited daily
  • rate is guaranteed for one year
  • There is a 10% maximum allocation allowed in AK, MN, MO, NC, NJ, OR, VA, WA

Death Benefit paid upon death of any owner

Annuity Payments

  • Seven fixed annuity options
  • Accumulation value applies in all years

Annual 10% Free Withdrawals available during surrender charge period

Tax-Deferred Accumulation and tax-free transfers between accounts

Market Value Adjustments (MVA) 

  • Applies during the surrender period
  • Adjustment may be positive or negative based on the change in the interest rates since contract issue
  • Adjustment will never reduce the surrender value below the total guaranteed value or the single premium. In addition, the adjustment cannot increase the surrender value by more than the maximum amount that the adjustment can decrease the surrender value

Total Guaranteed Value (TGV): provides a guaranteed minimum value upon surrender, death or annuitization

10-Year Surrender Charge Schedule (varies based on state approval)

Target Prospects and Key Uses

Consider this product for clients who:

  • Seek control and flexibility within a more conservative investment
  • Are concerned about the long-term effects of market volatility
  • Are looking for guaranteed lifetime retirement income
  • Need to rebalance their overall investment portfolios
  • Want to accumulate money for retirement on a tax-deferred basis

2All index performance used to calculate the indexed account credit excludes dividends

3 Benefit Base is used solely for the calculation of withdrawal benefit and is not available for withdrawal and not a guarantee of contract value.

"Standard & Poor's®," "S&P®," "S&P500®," and "500" are trademarks of Standard & Poor's Financial Services LLC ("Standard & Poor's") and have been licensed for use by Phoenix Life Insurance Company and its affiliates. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of purchasing the Product.

"The EURO STOXX 50® Index" is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland, (the “Licensor”), which is used under license. The securities or financial instruments, or options or other technical term based on the Index are in no way sponsored, endorsed, sold or promoted by the Licensor, and the Licensor shall not have any liability with respect thereto.

"Dow Jones", "Dow Jones®", "DJIA", "The Dow®", "The Dow 30" and the "Dow Jones Industrial AverageTM," are trademarks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by Phoenix Life Insurance Company and its affiliates. Phoenix Life Insurance Company's product(s) based on the Dow Jones Industrial AverageTM is not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of trading in such product(s).

Non-Security Status Disclosure - These 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 offered and sold in reliance on an exemption therein. The Separate Accounts have not been registered under the Investment Company Act of 1940 and are offered and sold in reliance on an exemption therein.