Phoenix Remembrance Whole Life

Phoenix Remembrance Whole Life Description

Founded in 1851, The Phoenix Companies, Inc. helps people to meet their personal, financial, and business planning goals through their life insurance, annuities and alternative retirement solutions. They are financially strong and stable while maintaining a commitment to excellence in everything they do.

Phoenix Life Highlights:
  • Industry Leading Commissions
  • Excellent Agent Support
  • Premier Insurance Brand

Phoenix Annuity

Phoenix Annuity

Product Description


  • Lump-sum Death Benefit equal to Base Policy face amount
  • Monthly income stream for a spouse or loved one up to age 85 provided by required Additional Income Coverage Rider (AICR)
  • Total coverage amount may be allocated in one of three ways:
    • 75% Lump-sum Death Benefit / 25% AICR
    • 50% Lump-sum Death Benefit / 50% AICR
    • 25% Lump-sum Death Benefit / 75% AICR

Included Benefits:

  • Three riders provide special benefits with no additional premiums in case of critical illness, terminal illness or accidental death
    • Terminal Illness Rider - Advances up to 95% of the lump-sum death benefit if the Insured is diagnosed as terminally ill with a life expectancy of 12 months or less
    • Critical Illness Rider - Advances up to 50% of the lump-sum death benefit upon the Insured’s occurrence of one of the following specified critical illnesses: Heart attack, stroke, cancer diagnosis, renal failure, major organ transplant, ALS diagnosis
    • Accidental Death Benefit Rider - Pays an additional lump-sum amount upon Insured’s death equal to 100% of the lump-sum death benefit if such death occurs by covered accident. (Please note: activation fees apply upon rider exercise)

Customization Options*:
For all riders, the named Rider Beneficiary must be alive to receive benefit payments. Rider benefits are only available upon the death of the insured and will cease at the earlier of the death of the Rider Beneficiary or the term stated in each rider.

  • Four optional riders available for supplemental income and legacy benefits
    • Lifetime Income Rider - Designed to provide Rider Beneficiary with reliable lifetime income after the death of the Insured
    • Income Term Rider - Designed for younger age clients in their working years; helps replace employment income lost due to the death of the Insured
    • Legacy Rider - Helps continue birthday traditions between the Insured and children or grandchildren
    • Education Benefit Rider - Helps pay higher education expenses for children or grandchildren following the death of the Insured

*Available at an additional premium. Age restrictions vary by rider

Simplified Underwriting:

  • Tele-interview and paper options available
  • Non-Tobacco (Preferred) / Tobacco (Standard) risk classes

Issue Ages & Total Coverage Amounts:

  • Total Coverage Amount = Lump-sum Death Benefit + AICR Total Coverage Amount

  • Insured's Age AICR Rider Beneficiary's
    Total Coverage Amount
    30-59 30-80 $10,000-$100,000
    60-69 30-80 $10,000-$75,000
    70-80 30-80 $10,000-$50,000

  • Based on age last birthday
  • Lump-sum death benefit beneficiary may be changed after issue
  • Rider Beneficiary for AICR and optional riders may not be changed after issue

For Agent Use Only. Not for use with the public as sales literature.

Phoenix Remembrance Life (ICC12FEWL) is whole life insurance issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT). PHLVIC is not authorized to conduct business in Maine and New York. In Maine and New York, Phoenix Remembrance Life is issued by Phoenix Life Insurance Company (PLIC) (East Greenbush, NY). These insurers are separate entities and each is responsible only for its own financial condition and contractual obligations. Members of The Phoenix Companies, Inc. The Phoenix Companies, Inc. and Precision are not affiliates. Payment guarantees are based on the claims-paying ability of the issuing company. BPD38679 3/13


States PSM Serves:
Alabama Hawaii Massachusetts New Mexico South Dakota
Alaska Idaho Michigan New York Tennessee
Arizona Illinois Minnesota North Carolina Texas
Arkansas Indiana Mississippi North Dakota Utah
California Iowa Missouri Ohio Vermont
Colorado Kansas Montana Oklahoma Virginia
Connecticut Kentucky Nebraska Oregon Washington
Delaware Louisiana Nevada Pennsylvania West virginia
Florida Maine New Hampshire Rhode Island Wisconsin
Georgia Maryland New Jersey South Carolina Wyoming