The Phoenix Companies Announces Strategic Partnership with Legacy Marketing Group®

HARTFORD, Conn.--(BUSINESS WIRE)--The Phoenix Companies, Inc. (NYSE:PNX) today announced a strategic alliance with the Legacy Marketing Group®, an independent marketing organization that partners with insurance companies to design and market proprietary fixed annuity products. This collaboration will allow the two organizations to combine their expertise in developing innovative annuity products and bring these solutions to a larger universe of consumers. In conjunction with this announcement, Legacy is announcing the launch of the CommandMark^SM fixed indexed annuity series. Designed for both pre-retirees and retirees, the CommandMark^SM Series is available exclusively through the Phoenix and Legacy alliance.

“We are excited about our newest partnership with Phoenix and our collaboration on the CommandMarkSM Series”

“Legacy has an established record of successful partnerships and we are very pleased to work with them in this new alliance,” said Philip K. Polkinghorn, senior executive vice president, business development. “We believe that together, Phoenix and Legacy will bring the industry an innovative, progressive approach to annuity product development. The CommandMark^SM Series is just the first of what we hope will be many products jointly introduced to the marketplace.”

The CommandMark^SMSeries features vesting bonus options of up to 12%, a choice of index crediting strategies, and an optional income rider. In addition, CommandMark^SM provides clients the ability to access up to 10% of premium in penalty-free withdrawals each year after the first.

“We are excited about our newest partnership with Phoenix and our collaboration on the CommandMark^SM Series,” said Preston Pitts, Legacy’s president. “This latest product offers a combination of features unlike any other fixed annuity in the market including: built-in strategic diversification, high bonus options, a Guaranteed Lifetime Withdrawal Benefit (GLWB) rider, and a generous liquidity option.”

ABOUT PHOENIX

Dating to 1851, The Phoenix Companies, Inc. (NYSE:PNX) provides financial solutions using life insurance and annuities. Phoenix offers a complete suite of annuity products with a full spectrum of optional guarantees. Phoenix annuity products are designed with maximum flexibility to help customers meet a range of retirement income needs. For more information, visit www.phoenixwm.com.

ABOUT LEGACY MARKETING GROUP®

Legacy Marketing Group® partners with respected insurance companies to design and market innovative products for the U.S. fixed annuity market. These products are sold exclusively through Legacy’s nationwide network of independent insurance agents. For more information, visit www.legacynet.com.

CommandMark^SM single premium deferred fixed indexed annuities (11LIADP0, 11LIADP8VB, 11LIADP12VB, 11LIADP0L, 11LIADPVB5L, 11LIADPVB8L, et al) are issued by PHL Variable Insurance Company (PHLVIC), Hartford, CT, and distributed by Legacy Marketing Group®. PHLVIC is not authorized to conduct business in New York and Maine. Member of The Phoenix Companies, Inc. PHL Variable Insurance Company is not affiliated with Legacy Marketing Group®.

This annuity offers a fixed strategy and a variety of indexed strategies. The fixed strategy may earn a specified rate of interest of 0% or greater. The indexed strategies may or may not earn interest. Interest is credited if the type of index that the indexed strategy tracks performs in a manner described in the Indexed Account riders attached to your contract. Although interest is awarded based on index performance, this annuity is not a security. You are not buying shares of any stock or investing in an index. You are purchasing an annuity, which is a type of insurance policy issued by an insurance company. You can use an annuity to save money for retirement and to receive retirement income for life. It is not meant to be used to meet short-term financial goals.

Annuities that offer a bonus may have less-favorable rates than comparable non-bonus products.

The Income Base for the optional rider is only used to calculate the fees and guarantees that apply to the rider and is not a guarantee of contract value or an amount available to withdraw.

Non-Security Status Disclosure—The CommandMark^SM contract has not been approved or disapproved by the Securities and Exchange Commission. The contract is not registered under the Securities Act of 1933 and is being offered and sold in reliance on an exemption therein.

Guarantees are based on the claims-paying ability of the issuing company, PHL Variable Insurance Company. Annuities are long-term investment vehicles particularly suited to retirement assets. Annuities held within qualified plans do not provide any additional tax benefits. Early withdrawals may be subject to surrender charges. Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% IRS penalty may also apply.

The insurance products are:

Not insured by FDIC, NCUSIF, or any other state or federal agency that insures deposits.
Not a deposit or obligation of, underwritten or guaranteed by, the depository institution or any affiliate.
Subject to surrender charges that could result in loss of principal interest.

For exact terms and conditions, please refer to the contract.

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