Dividend Scale

Phoenix Life Insurance Company is maintaining the dividend scale for all “closed block” participating policies effective January 1, 2014. The 2014 dividend scale reflects solid performance of the closed block, which has had claim experience within expectations and benefited from the recent rise in interest rates.

We are proud of our track record of providing competitive dividend payments that add value to participating policies, despite long periods of interest rate and other market environment challenges. The average dividend interest rate remains at 5.15%.

The closed block was established to fund policy dividends and guaranteed benefits for dividend-eligible policies after Phoenix demutualized and became a stockholder-owned company. It is set up to ensure that these policies and their dividend scales are managed for the benefit of policyholders.

Participating policies in the “open block” have a separate dividend scale that also is being maintained for 2014.

If you have any questions, please call our Customer Care Center at 800-628-1936.

38961 11-13

©2001-2014 The Phoenix Companies, Inc.

Insurance and annuities issued by Phoenix Life Insurance Company (PLIC) (East Greenbush, NY), PHL Variable Insurance Company (PHLVIC) (Hartford, CT) and Phoenix Life and Annuity Company (PLAC) (Hartford, CT). PHLVIC is not authorized to conduct business in NY and ME. PLAC is not authorized to conduct business in CA, GA, MA, ME, MN, NH, and NY and not authorized to conduct variable universal life insurance business in ID and LA. The insurers referenced are separate entities and each is responsible only for its own financial condition and contractual obligations.

Securities distributed by 1851 Securities, Inc. (Hartford, CT), member FINRA.

Members of The Phoenix Companies, Inc.

Not all products and services described here are available in all states of the USA.