Personal Protection ChoiceSM

Personal Protection ChoiceSM

Protect your financial future. Your income, your family, your lifestyle.

NSRE Personal Protection Choice Brochure Cover

Personal Protection Choice is a single-premium indexed annuity that offers protection from market loss, a 10-year surrender charge period, and a suite of optional riders.

It features a fixed interest account and 10 indexed accounts with index credits linked to the positive performance of two market indices: S&P 500® and the CS Tactical Multi Asset™ Indices. Designed for individuals who seek to benefit from the upside potential of the equity markets without risking loss of principal due to market downturns.1

In addition, the suite of optional riders offer additional benefits that include:

  • Guaranteed withdrawals for life
  • Enhanced death benefits
  • Accelerated benefits in the event chronic care protection is required either in a nursing facility or in the home
  • Issue ages: 0-80
  • 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
  • Annual 10% free withdrawals available during surrender charge period
  • Tax-deferred accumulation and tax-free transfers between accounts
  • Total Guaranteed Value (TGV) provides a guaranteed minimum value upon surrender, death or annuitization
  • 10-Year surrender charge schedule (varies based on state approval)
  • One-year S&P 500 with Cap
  • One-year S&P 500 with Participation and Spread Rates
  • One-Year Monthly S&P 500
  • One-Year S&P 500 with Participation Rate
  • Two-year S&P 500 with Participation Rate (not available in NH)
  • Two-year S&P 500 with Cap (not available in NH)
  • Two-year S&P 500 with Participation and Spread Rates (not available in NH)
  • Three-year S&P 500 with Participation and Spread Rates (not available in NH)
  • CS Tactical Multi Asset 1 Year*
  • CS Tactical Multi Asset 2 Year* (not available in NH)
  • Segment duration varies - one year, two year or three year
  • Each account is subject to a Cap, Participation Rate and/or Index Spread

 A Guide on Understanding Indexed Accounts

*May not be available in all states

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

Income & Family Protection: Today or Tomorrow both guarantee withdrawals for life (choose based on anticipated timeframe) even after the entire Accumulation Value is withdrawn; both also offer an Enhanced Death Benefit (adjusted for withdrawals).

Income & Care Protection: Today or Tomorrow both guarantee withdrawals for life (choose based on anticipated timeframe) even after the entire Accumulation Value is withdrawn; both also increase 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 both guarantee withdrawals for life (choose based on anticipated timeframe) even after the entire Accumulation Value is withdrawn; both also increase the amount of withdrawals in the event chronic care protection is required either in a nursing facility or in the home. Both also offer an Enhanced Death Benefit (adjusted for withdrawals).

Income Protection: Today provides a cumulative bonus of 45% of the initial Contract Value directly to the Income Benefit Base3 after two contract years if the rider has not been exercised. Owner may chose to take income immediately; however the bonus amount is limited to 30% of the initial premium 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 on the 10th anniversary.

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 Benefit Base at issue multiplied by 14%. Roll-Up Restart is available on the 10th anniversary.

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

Care Protection: Today and Tomorrow each allow 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 requires 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 be unable to perform at least two of six Activities of Daily Living (ADLs) for at least 90 consecutive days.

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

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Important Disclosures

1 Your principal is protected against market losses and guaranteed under the base contract. If the optional rider is elected, fees will be deducted from the contract value and this could potentially result in a loss of principal if the contract has had interest credits less than the fees.

2 All S&P 500 index performance used to calculate the indexed account credit excludes dividends.

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

An investment in the contract is subject to possible loss of principal and earnings, since a surrender charge and market value adjustment may apply to withdrawals or upon surrender of the contract. All guarantees are subject to the claims paying ability of PHL Variable Insurance Company.

Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% tax penalty may also apply.

S&P 500® is a registered trademark licensed for use by SPDJI and sublicensed for certain purposes by Phoenix Life Insurance Company. Phoenix products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the represented index(s).

The CS Tactical Multi Asset Index™ is sponsored and published by Credit Suisse. We have entered into an exclusive license agreement with Credit Suisse providing for the right to use the CS Tactical Multi Asset Index and related trademarks in connection with our indexed annuities. The annuities are not sponsored, endorsed, sold or promoted by Credit Suisse. Credit Suisse makes no representation or warranty, express or implied, regarding the advisability of investing in the annuities, and has no obligation or liability in connection with the administration, marketing or sale of Phoenix annuities.

The information above, including the Product Disclosure and the Rider Disclosure Document is intended for use by the general public and is not individualized to address any specific investment objective. It is not intended as investment or financial advice. We encourage you to consult with an advisor who can tailor a financial plan to meet your needs.

Phoenix Personal Protection Choice is an insurance contract, not an investment; it doesn’t provide ownership of any stocks, bonds, index funds, or any other securities.

FOR AGENT USE ONLY