Phoenix Reflections Gold® Bonus
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Phoenix Reflections Gold Bonus is a single-premium deferred indexed annuity that adds a bonus percentage of the single premium to the accumulation value at issue1 (percentage varies based on state approval). It features two guaranteed minimum withdrawal benefit options, a choice of five indexed accounts linked to the performance of five measuring indices, and a fixed account.

Disclosure – 10FIA
Disclosure – ICC09EIAX
New Combo Rider Disclosure - 11RSP, 11GLWB2, 11GMDB-S.1
ABA Supplement
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

Premium Bonus1:

  • An amount equal to a percentage of the single premium is applied upfront to the accumulation value at issue
    • 8% in AL, AR, AZ, CA, CO, DC, GA, ID, IL, KS, LA, MA, MI, NE, NM, ND, RI, SC, SD, TN, VT, WI, WV, WY
    • 5% in FL, IA, IN, KY, MD, MN, MO, MS, MT, NV, NH, NJ, OH, OK, PA, TX, UT
    • 4% in AK, MN, MO, NC, NJ, OR, VA, WA
  • Earns index credits or interest in the same way as the single premium

Choice of Five Indexed Accounts

  • With index credits tied to the positive performance of each of five measuring indices: S&P 500®, NASDAQ 100®, Euro Stoxx 50®, iShares Barclays Aggregate Bond Fund®, and iShares MSCI Hong Kong Index Fund®
  • All index credits exclude dividends 2

Indexed Accounts:

  • One-Year Point-to-Point - S&P 500
  • Monthly Point-to-Point - S&P 500
  • Performance Trigger - S&P 500
  • Domestic Look Back - S&P 500, NASDAQ 100, and iShares Barclays Aggregate Bond Fund
  • Global Look Back - S&P 500, Euro Stoxx 50, and iShares MSCI Hong Kong Index Fund
  • The Point-to-Point, Domestic Look Back, and Global Look Back indexed accounts may be subject to an index cap and/or participation rate which are set at the beginning of each indexed account segment. The Performance Trigger indexed account is subject to a trigger rate, which is set at the beginning of each indexed account segment

Principal Protection

  • Index credit is never less than 0%
  • No investment loss due to market downturns
  • Principal is guaranteed against market loss however rider fees and little or no interest credit could result in loss of principal

Based on your client’s needs, you may recommend one of the following rider combinations:
Lifetime withdrawal guarantees are determined by multiplying the rider’s Income Benefit Base by a withdrawal factor that varies with issue age, contract year and rider. The Income Benefit Base is used solely to determine the fees and benefits of the rider and is not available for lump-sum withdrawal. The rider fee of 1.15% of the Income Benefit Base is deducted annually from contract value.

Income & Family Protection: Today or Tomorrow

  • GLWB & GMDB protection available immediately after a waiting period or at a later date

Income & Family Protection: Today

Income Protection Today provides a cumulative upfront bonus1 of 25% of the initial Contract Value directly to the Benefit Base if the rider has not been exercised. The cumulative Bonus does not affect the Contract Value, but it adds a substantial sum to the Benefit Base, which is a value used solely to calculate the Annual Benefit Amount. It also has step-ups to grow the Benefit Base and a Roll-Up feature during the first 8 contract years. On each contract anniversary, if the rider has not been exercised, an annual compound interest roll-up will be added to the Benefit Base equal to the Benefit Base multiplied by 3%. One optional Roll-up Restart available on 8th anniversary.

Family Protection Today is an Enhanced Death Benefit that may exceed the contract death benefit and be chosen in its place. Both the Contract Death Benefit and the Enhanced Death Benefit are reduced bt withdrawals in the same proportions as the contract value.

Income & Family Protection: Tomorrow

Income Protection Tomorrow features both roll-ups and step-ups to grow the Benefit Base. During the first 8 contract years, the greater of a roll-up or step-up will be applied to the Benefit Base. On each contract anniversary, if the rider has not been exercised, an annual compound interest roll-up will be added to the Benefit Base equal to the Benefit Base multiplied by 8%3. There is also one optional Roll-up Restart available on the 8th anniversary. The longer the owner waits to exercise the rider, the greater the income growth potential.

Family Protection Tomorrow is an Enhanced Death Benefit that may exceed the contract death benefit and be chosen in its place. Both the Contract Death Benefit and the Enhanced Death Benefit are reduced bt withdrawals in the same proportions as the contract value.


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

Annuity Payments

  • Seven fixed annuity options
  • Accumulation Value less any Non-Vested Premium Bonus applies in the first five years (in AK, MN, MO, NC, NJ, OR, VA, WA the Surrender Value will apply during the first five years); Accumulation Value applies in all years thereafter
  • Annuitizing will void income and death benefits guarantees from any optional riders

Annual 10% Free Withdrawals available during surrender charge period (a one year waiting period in some states)

Tax-Deferred Accumulation and tax-free transfers between accounts

Market Value Adjustments (MVA)

  • Applies during the surrender period
  • Adjustment may be positive or negative depending 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- or 12- Year Surrender Charge Schedule varies based on state approval

Recovery of Non-Vested Premium Bonus amounts1 During the Surrender Charge period, a portion of the Premium Bonus1 is subject to forfeiture. This amount, referred to as the Non-Vested Premium Bonus (or Bonus Recapture in AK, MN, MO, NC, NJ, OR, VA, WA), is a percentage of the Accumulation Value and is determined based on the number of completed Contract Years. The Non-Vested Premium Bonus/Bonus Recapture is recovered upon surrender, death during the first three years and any withdrawals in excess of the Free Withdrawal Amount.

Target Prospects and Key Uses

Consider this product for clients who:

  • Want the upfront premium bonus and related long-term earning potential
  • 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


1Products offering a bonus may offer lower crediting than non-bonus products which over time may or may not offset the value of the bonus.

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.

Annual Benefit Percentage is based on the issue age and attained age of the youngest covered person at the time of the first withdrawal.

"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.

Nasdaq®, OMX®, NASDAQ OMX®, Nasdaq-100®, and Nasdaq-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Phoenix Life Insurance Company and its affiliates. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Product(s).

"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.