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Phoenix is excited to announce the following product and operational enhancements effective Monday, October 20th.

1. A new, proprietary index managed by Credit Suisse, the CS Tactical Multi Asset Index™, with two associated uncapped indexed accounts with spread rates

  • This Index is made up of a selection of up to 10 ETFs representing 4 asset classes: equities, fixed income, commodities and real estate.
  • Two crediting strategies: a 1-year and a 2-year point-to-point account, both with a spread rate
  • Available with Personal Income Annuity, Personal Protection Choice, Personal Retirement Choice and Index Select Gold Bonus


2. Standardization of indexed accounts across all products

  • The four products above will all now have access to a 1-year and 2-year uncapped S&P 500®  indexed account with participation rate
  • The following indexed accounts will no longer be available as of October 20th: 1-year DJIA, 1-year EuroStoxx®  and 1-year Balanced Allocation 


3. New illustration capability for Personal Income Annuity & Personal Protection Choice

  • In addition to our quoting tool, you can now run illustrations for these products featuring accumulation potential, historical back-tested performance and guaranteed benefit values.


    Run an illustration.
  • Illustrations for Index Select Gold Bonus will be available soon.


4. Streamlined application and disclosure documents

  • One standardized application
  • New simplified, client-friendly product and rider disclosure documents. Please note: these new forms have a required signature page
  • New product-specific Premium Allocation and Rider Election form required
  • Removal of knock-out questions previously required for Personal Protection Choice


Mid-Month Rate Changes – effective 10/20/14

*Rate Lock Procedures


Current credited interest rate and indexed account rates will be locked in as of the application signature date if the application is in good order. The completed application, required forms and premium must be received by Phoenix in good order within 5 business days of the application signature date to lock in rates.

If the application does not become in good order until after the 5th day of the application signed date, the current credited interest rate and
indexed account rates then in effect will apply.

For 1035 exchanges or rollovers, the current credited interest rate and indexed account rates will be locked in as of the application signature date if all application requirements are resolved within 5 business days of the application signature date and funds are received within 60 calendar days from the application signed date.


Transition Rules for Indexed Accounts, Cap Rates and New Applications:

  1. If old application is signed prior to October 20th, it is eligible for the OLD rates (*Refer to Rate Lock Rules) and the closed indexed accounts. New indexed accounts are not available prior to
    October 20th.
  2. If old application is signed October 20th or later, and received in good order by Phoenix by November 7th, Phoenix will allow the election of old indexed accounts. Clients will get NEW rates and will also be able to elect the new indexed accounts.
  3. For 1035x/Rollover/Transfers – all money must be received by December 31st to get the closed indexed accounts. 


Links to Training Information:


Phoenix is strongly urging all agents to get trained on the new CS Tactical Multi Asset Index and crediting strategies. We have provided several ways for you to learn more about this new index below:

Product Materials/Applications: 


Due to product and paperwork enhancements, you will need to destroy existing product marketing/forms kits for the products mentioned above and order new ones. These materials are available via the Phoenix Marketing Catalog.

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For Agent Use Only.  Not for distribution to the public.


The CS Tactical Multi Asset IndexTM is sponsored and published by Credit Suisse. Phoenix has 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 Phoenix indexed annuities. Credit Suisse has not published or approved this document, and 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.


Indexed annuities issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT) . PHLVIC is not authorized to conduct business in NY and ME.

Member of The Phoenix Companies, Inc.
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