Phoenix Edge® - SPIA
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Phoenix Edge-SPIA is a single premium immediate fixed annuity offering seven guaranteed income payment options. With its Annual Increase Percentage feature, Phoenix Edge-SPIA provides added design flexibility when planning for inflation or other increasing income needs.

Product Disclosure
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:
    • 5-90 (single annuitant options)
    • 35-90 (joint annuitant options)
  • Minimum single premium: $35,000
  • Available for nonqualified, IRA, 403(b) and qualified plan markets.1
  • Annuity payments include income tax-free return of principal (for nonqualified only)
  • Seven annuity payment options
    • Single Life Annuity
    • Single Life Annuity with Period Certain
    • Joint Survivor Life Annuity
    • Joint Survivor Life Annuity with Period Certain
    • Annuity for Specified Period
    • Cash Refund Life Annuity
    • Installment Refund Life Annuity
  • Annuity payments are fixed and guaranteed
  • Annual Increase Percentage
    • Option to create annually increasing annuity payments
    • Fixed increases up to five percent annually elected at issue
  • No front-end sales charge or policy fee2
Marketing Emphasis

This product may be appropriate for clients who:

  • need a structured income for a specified period, or for their entire life;
  • want guarantees for themselves and their beneficiaries;
  • seek a tax advantaged method of distributing nonqualified assets.
Target Prospects and Key Uses

Affluent Individuals

  • "Single-pay" non-MEC funding of permanent life insurance

High Net Worth Individuals

  • Tax advantaged retirement income
  • Tax advantaged annual gifting of nonqualified assets
  • Annuity maximization planning
  • Distribution planning for IRA and qualified plan accumulations

Business Owners

  • Retirement income payment to supplement Social Security

Senior Corporate Executives

  • Early retirement "bridge" to benefits available at normal retirement
  • Annuitization of qualified plan assets or severance package settlements

1Client should be advised to consult their tax advisor before selecting an option for IRA, 403(b) or qualified plan assets.

2A premium tax charge will be applied in states where it is required by law.

Guarantees are based on the claims paying ability of the issuing company.
Phoenix Edge-SPIA (Policy Form I603) is issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT). PHLVIC is not authorized to conduct business in NY and ME. For NY and ME, Phoenix Edge-SPIA (Policy Form I604) is issued by Phoenix Life Insurance Company (East Greenbush, NY). The insurers referenced above are separate entities and each is responsible only for its own financial condition and contractual obligations.