AS
● Terminated
Annual Step-Up Death Benefit
PHL Variable Insurance Company
DTCC ID
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COMPANY
PHL Variable Insurance Company
INCEPTION
—
CLOSED
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Identity
Benefit name
Annual Step-Up Death Benefit
Internal benefit name
Annual Step-Up Death Benefit
Company
Status
● Terminated
Inception date
—
Closed date
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Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) annual step-up amount. Annual step-up amount equals highest contract value calculated on any contract anniversary, prior to owner's age 81, increased by purchase payments made and reduced by withdrawals.