Exhibit 10
ILLUSTRATIONS OF DEATH BENEFITS, POLICY VALUES
AND CASH SURRENDER VALUES
POLICY OPTION A
ILLUSTRATIONS OF DEATH BENEFITS, POLICY VALUES
AND CASH SURRENDER VALUES
- --------------------------------------------------------------------------------
The tables on the following pages illustrate how a policy's Death Benefits,
Account Values and Cash Surrender Value could vary over time assuming constant
hypothetical gross (after tax) annual investment returns of 0%, 6% and 12%. The
policy benefits will differ from those shown in the tables if the annual
investment returns are not absolutely constant. That is, the figures will be
different if the returns averaged 0%, 6% or 12% over a period of years but went
above or below those figures in individual policy years. The policy benefits
also will differ, depending on your premium allocations to each Subaccount of
the Account, if the overall actual rates of return averaged 0%, 6% or 12%, but
went above or below those figures for the individual Subaccounts. The tables are
for standard risk males and females that have never smoked. In states where cost
of insurance rates are not based on gender, the tables designated "male" apply
to all standard risk people who have never smoked. Account values and Cash
Surrender Values may be lower for smokers or former smokers or for risk classes
involving higher mortality risk. In these examples we assume planned premium
payments are paid at the beginning of each policy year. The difference between
the policy value and the cash surrender value is the surrender charge.
Illustrated tables are included for death benefit Option 1 and death benefit
Option 2.
The death benefit, account value and Cash Surrender Value amounts reflect
the following current charges:
1. Issue charge of $1.50 per $1,000 of face amount up to a maximum of $600.
2. Premium Expense charge of 6% of all premiums.
3. Cost of insurance charge. The tables illustrate cost of insurance at
both the current rates and at the maximum rates guaranteed in the
Policies.
4. The monthly Mortality and Expense risk charge is equal to 0.075% of
Policy Value each month during the first 10 policy years. After the
10th policy year, the monthly Mortality and Expense risk charge will
vary by the amount of non-loaned Separate Account value relative to
total face amount (base face amount + term rider face amount, if any +
layer face amounts, if any). The following table lists the monthly
Mortality and Expense risk charge applied in policy years 11 and after:
------------------------------------------------------------- -------------------------------------------------------
Ratio of non-loaned account value to total face amount Mortality and Expense risk charge
------------------------------------------------------------- -------------------------------------------------------
Less than 40% 0.075% of non-loaned Separate Account Value
------------------------------------------------------------- -------------------------------------------------------
Greater than or equal to 40% and less than 60% 0.050% of non-loaned Separate Account Value
------------------------------------------------------------- -------------------------------------------------------
Greater than or equal to 60% 0.025% of non-loaned Separate Account Value
------------------------------------------------------------- -------------------------------------------------------
These illustrations also assume an average investment advisory fee of 0.68% on
an annual basis, of the average daily net asset value of each of the Series of
the Funds. These illustrations also assume other ongoing average Fund expenses
of 0.25%. All other Fund expenses, except capital items such as brokerage
commissions, are paid by the Advisor or by Phoenix. Management may decide to
limit the amount of expense reimbursement in the future. If expense
reimbursement had not been in place for the fiscal year ended December 31, 2001,
average total operating expenses for the Series would have been approximately
0.93% of the average net assets.
Taking into account the mortality and expense risk charge and the investment
advisory fees and expenses, the gross annual investment return rates of 0%, 6%
and 12% on the Funds' assets are equivalent to net annual investment return
rates of approximately -0.93%, 5.07% and 11.07%, respectively. For individual
illustrations, assumed rates of return ranging between 0% and 12% may be
selected in place of the 6% rate.
The hypothetical returns shown in the tables are without any tax charges that
may be attributable to the Account in the future. If such tax charges are
imposed in the future, then in order to produce after tax returns equal to those
illustrated for 0%, 6% and 12%, a sufficiently higher amount in excess of the
hypothetical interest rates would have to be earned.
The second column of each table shows the amount that would accumulate if an
amount equal to the premiums paid were invested to earn interest, after taxes,
at 5% compounded annually. These tables show that if a Policy is returned in its
very early years for payment of its Cash Surrender Value, that Cash Surrender
Value may be low in comparison to the amount of the premiums accumulated with
interest. Thus, the cost of owning a Policy for a relatively short time may be
high.
On request, we will furnish the policy owner with a comparable illustration
based on the age and sex of the proposed insured person(s), the appropriate risk
class assumptions, the current face amount and planned premium chosen.
1
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE POLICY OPTION 1
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 651 0 100,000 699 0 100,000 747 0 100,000
2 1,000 2,153 1,434 0 100,000 1,575 0 100,000 1,722 0 100,000
3 1,000 3,310 2,194 451 100,000 2,479 736 100,000 2,786 1,043 100,000
4 1,000 4,526 2,932 1,189 100,000 3,411 1,668 100,000 3,950 2,207 100,000
5 1,000 5,802 3,646 1,903 100,000 4,371 2,628 100,000 5,221 3,478 100,000
6 1,000 7,142 4,335 2,592 100,000 5,361 3,618 100,000 6,609 4,866 100,000
7 1,000 8,549 4,999 3,256 100,000 6,379 4,636 100,000 8,126 6,383 100,000
8 1,000 10,027 5,638 4,174 100,000 7,426 5,961 100,000 9,783 8,319 100,000
9 1,000 11,578 6,250 4,995 100,000 8,501 7,246 100,000 11,595 10,340 100,000
10 1,000 13,207 6,835 5,789 100,000 9,607 8,561 100,000 13,578 12,532 100,000
11 1,000 14,917 7,418 6,581 100,000 10,779 9,942 100,000 15,799 14,963 100,000
12 1,000 16,713 7,978 7,350 100,000 11,991 11,363 100,000 18,244 17,616 100,000
13 1,000 18,599 8,514 8,096 100,000 13,244 12,825 100,000 20,950 20,532 100,000
14 1,000 20,579 9,026 8,817 100,000 14,539 14,330 100,000 23,954 23,745 100,000
15 1,000 22,657 9,513 9,513 100,000 15,879 15,879 100,000 27,269 27,269 100,000
16 1,000 24,840 9,975 9,975 100,000 17,265 17,265 100,000 30,933 30,933 100,000
17 1,000 27,132 10,409 10,409 100,000 18,696 18,696 100,000 34,981 34,981 100,000
18 1,000 29,539 10,812 10,812 100,000 20,181 20,181 100,000 39,456 39,456 100,000
19 1,000 32,066 11,182 11,182 100,000 21,737 21,737 100,000 44,474 44,474 100,000
20 1,000 34,719 11,516 11,516 100,000 23,344 23,344 100,000 50,037 50,037 100,000
@ 65 1,000 69,761 12,872 12,872 100,000 43,123 43,123 100,000 152,453 152,453 185,993
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
33.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
2
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL LIFE
INSURANCE DEATH BENEFIT OPTION 1
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 630 0 100,000 678 0 100,000 725 0 100,000
2 1,000 2,153 1,391 0 100,000 1,530 0 100,000 1,674 0 100,000
3 1,000 3,310 2,129 386 100,000 2,408 665 100,000 2,709 966 100,000
4 1,000 4,526 2,843 1,100 100,000 3,312 1,569 100,000 3,839 2,096 100,000
5 1,000 5,802 3,533 1,790 100,000 4,242 2,499 100,000 5,071 3,328 100,000
6 1,000 7,142 4,197 2,454 100,000 5,197 3,454 100,000 6,415 4,672 100,000
7 1,000 8,549 4,834 3,091 100,000 6,178 4,435 100,000 7,881 6,138 100,000
8 1,000 10,027 5,444 3,979 100,000 7,184 5,720 100,000 9,482 8,017 100,000
9 1,000 11,578 6,024 4,769 100,000 8,215 6,960 100,000 11,228 9,973 100,000
10 1,000 13,207 6,577 5,531 100,000 9,272 8,226 100,000 13,137 12,091 100,000
11 1,000 14,917 7,098 6,262 100,000 10,353 9,516 100,000 15,222 14,386 100,000
12 1,000 16,713 7,587 6,960 100,000 11,458 10,831 100,000 17,501 16,874 100,000
13 1,000 18,599 8,042 7,624 100,000 12,587 12,169 100,000 19,995 19,577 100,000
14 1,000 20,579 8,463 8,254 100,000 13,740 13,531 100,000 22,725 22,516 100,000
15 1,000 22,657 8,846 8,846 100,000 14,915 14,915 100,000 25,715 25,715 100,000
16 1,000 24,840 9,191 9,191 100,000 16,112 16,112 100,000 28,993 28,993 100,000
17 1,000 27,132 9,492 9,492 100,000 17,328 17,328 100,000 32,587 32,587 100,000
18 1,000 29,539 9,743 9,743 100,000 18,558 18,558 100,000 36,530 36,530 100,000
19 1,000 32,066 9,940 9,940 100,000 19,799 19,799 100,000 40,859 40,859 100,000
20 1,000 34,719 10,077 10,077 100,000 21,046 21,046 100,000 45,617 45,617 100,000
@ 65 1,000 69,761 6,517 6,517 100,000 32,844 32,844 100,000 129,729 129,729 158,270
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
33.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
3
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 1
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 678 0 100,000 726 0 100,000 775 0 100,000
2 1,000 2,153 1,485 12 100,000 1,629 156 100,000 1,780 306 100,000
3 1,000 3,310 2,271 797 100,000 2,562 1,089 100,000 2,878 1,404 100,000
4 1,000 4,526 3,033 1,560 100,000 3,525 2,052 100,000 4,078 2,605 100,000
5 1,000 5,802 3,772 2,299 100,000 4,518 3,045 100,000 5,391 3,917 100,000
6 1,000 7,142 4,487 3,014 100,000 5,542 4,069 100,000 6,825 5,352 100,000
7 1,000 8,549 5,177 3,703 100,000 6,596 5,122 100,000 8,393 6,919 100,000
8 1,000 10,027 5,841 4,604 100,000 7,681 6,444 100,000 10,107 8,869 100,000
9 1,000 11,578 6,481 5,420 100,000 8,800 7,739 100,000 11,985 10,924 100,000
10 1,000 13,207 7,098 6,213 100,000 9,954 9,070 100,000 14,042 13,158 100,000
11 1,000 14,917 7,717 7,009 100,000 11,182 10,475 100,000 16,352 15,644 100,000
12 1,000 16,713 8,317 7,786 100,000 12,456 11,926 100,000 18,897 18,367 100,000
13 1,000 18,599 8,897 8,544 100,000 13,779 13,425 100,000 21,734 21,380 100,000
14 1,000 20,579 9,458 9,281 100,000 15,152 14,975 100,000 24,870 24,694 100,000
15 1,000 22,657 9,999 9,999 100,000 16,578 16,578 100,000 28,338 28,338 100,000
16 1,000 24,840 10,519 10,519 100,000 18,058 18,058 100,000 32,171 32,171 100,000
17 1,000 27,132 11,018 11,018 100,000 19,595 19,595 100,000 36,412 36,412 100,000
18 1,000 29,539 11,494 11,494 100,000 21,222 21,222 100,000 41,120 41,120 100,000
19 1,000 32,066 11,945 11,945 100,000 22,912 22,912 100,000 46,385 46,385 100,000
20 1,000 34,719 12,372 12,372 100,000 24,669 24,669 100,000 52,226 52,226 100,000
@ 65 1,000 69,761 15,765 15,765 100,000 47,514 47,514 100,000 159,848 159,848 195,015
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
38.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
4
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 1
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 652 0 100,000 700 0 100,000 748 0 100,000
2 1,000 2,153 1,433 0 100,000 1,574 101 100,000 1,721 247 100,000
3 1,000 3,310 2,191 717 100,000 2,475 1,001 100,000 2,783 1,309 100,000
4 1,000 4,526 2,924 1,451 100,000 3,403 1,929 100,000 3,941 2,468 100,000
5 1,000 5,802 3,632 2,159 100,000 4,357 2,884 100,000 5,205 3,732 100,000
6 1,000 7,142 4,315 2,841 100,000 5,338 3,865 100,000 6,584 5,111 100,000
7 1,000 8,549 4,969 3,496 100,000 6,345 4,871 100,000 8,088 6,614 100,000
8 1,000 10,027 5,597 4,359 100,000 7,378 6,141 100,000 9,730 8,492 100,000
9 1,000 11,578 6,198 5,137 100,000 8,441 7,380 100,000 11,525 10,464 100,000
10 1,000 13,207 6,773 5,888 100,000 9,533 8,649 100,000 13,489 12,605 100,000
11 1,000 14,917 7,321 6,614 100,000 10,656 9,949 100,000 15,641 14,934 100,000
12 1,000 16,713 7,843 7,313 100,000 11,811 11,280 100,000 17,999 17,469 100,000
13 1,000 18,599 8,338 7,984 100,000 12,998 12,644 100,000 20,585 20,231 100,000
14 1,000 20,579 8,803 8,626 100,000 14,217 14,040 100,000 23,421 23,244 100,000
15 1,000 22,657 9,239 9,239 100,000 15,470 15,470 100,000 26,535 26,535 100,000
16 1,000 24,840 9,643 9,643 100,000 16,754 16,754 100,000 29,955 29,955 100,000
17 1,000 27,132 10,014 10,014 100,000 18,072 18,072 100,000 33,713 33,713 100,000
18 1,000 29,539 10,348 10,348 100,000 19,421 19,421 100,000 37,845 37,845 100,000
19 1,000 32,066 10,642 10,642 100,000 20,799 20,799 100,000 42,390 42,390 100,000
20 1,000 34,719 10,895 10,895 100,000 22,208 22,208 100,000 47,395 47,395 100,000
@ 65 1,000 69,761 10,770 10,770 100,000 38,237 38,237 100,000 136,319 136,319 166,310
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
38.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
5
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 650 0 100,651 698 0 100,698 746 0 100,746
2 1,000 2,153 1,430 0 101,431 1,571 0 101,572 1,718 0 101,718
3 1,000 3,310 2,187 444 102,187 2,470 727 102,471 2,777 1,034 102,778
4 1,000 4,526 2,919 1,176 102,920 3,396 1,653 103,397 3,932 2,189 103,933
5 1,000 5,802 3,627 1,884 103,627 4,348 2,605 104,348 5,192 3,449 105,192
6 1,000 7,142 4,308 2,565 104,308 5,326 3,583 105,326 6,564 4,821 106,564
7 1,000 8,549 4,961 3,218 104,962 6,328 4,585 106,328 8,058 6,315 108,058
8 1,000 10,027 5,587 4,123 105,588 7,355 5,891 107,356 9,686 8,222 109,686
9 1,000 11,578 6,184 4,929 106,185 8,406 7,151 108,407 11,459 10,204 111,459
10 1,000 13,207 6,752 5,706 106,752 9,482 8,436 109,483 13,391 12,345 113,392
11 1,000 14,917 7,315 6,478 107,315 10,618 9,781 110,618 15,548 14,711 115,548
12 1,000 16,713 7,851 7,224 107,852 11,785 11,158 111,786 17,910 17,283 117,911
13 1,000 18,599 8,362 7,943 108,362 12,986 12,568 112,987 20,507 20,088 120,507
14 1,000 20,579 8,845 8,636 108,846 14,221 14,011 114,221 23,381 23,172 123,381
15 1,000 22,657 9,300 9,300 109,301 15,488 15,488 115,489 26,536 26,536 126,537
16 1,000 24,840 9,727 9,727 109,727 16,790 16,790 116,790 30,003 30,003 130,004
17 1,000 27,132 10,121 10,121 110,121 18,123 18,123 118,123 33,809 33,809 133,810
18 1,000 29,539 10,480 10,480 110,480 19,485 19,485 119,485 37,987 37,987 137,987
19 1,000 32,066 10,801 10,801 110,802 20,906 20,906 120,906 42,615 42,615 142,615
20 1,000 34,719 11,081 11,081 111,081 22,355 22,355 122,355 47,723 47,723 147,723
@ 65 1,000 69,761 11,623 11,623 111,623 38,511 38,511 138,511 137,922 137,922 237,922
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
32.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
6
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 629 0 100,630 676 0 100,677 723 0 100,724
2 1,000 2,153 1,387 0 101,388 1,525 0 101,526 1,669 0 101,670
3 1,000 3,310 2,121 378 102,122 2,398 655 102,399 2,699 956 102,699
4 1,000 4,526 2,830 1,087 102,830 3,295 1,552 103,296 3,819 2,076 103,820
5 1,000 5,802 3,512 1,769 103,512 4,215 2,472 104,216 5,039 3,296 105,039
6 1,000 7,142 4,166 2,423 104,167 5,158 3,415 105,158 6,365 4,622 106,365
7 1,000 8,549 4,791 3,048 104,792 6,121 4,378 106,121 7,806 6,063 107,806
8 1,000 10,027 5,387 3,923 105,388 7,105 5,641 107,106 9,373 7,909 109,374
9 1,000 11,578 5,952 4,697 105,952 8,109 6,854 108,110 11,076 9,821 111,077
10 1,000 13,207 6,485 5,439 106,485 9,133 8,087 109,134 12,929 11,883 112,930
11 1,000 14,917 6,984 6,147 106,984 10,174 9,337 110,174 14,942 14,106 114,943
12 1,000 16,713 7,447 6,819 107,447 11,230 10,602 111,230 17,130 16,502 117,130
13 1,000 18,599 7,873 7,454 107,873 12,300 11,881 112,300 19,508 19,090 119,508
14 1,000 20,579 8,260 8,051 108,261 13,382 13,173 113,383 22,093 21,884 122,093
15 1,000 22,657 8,606 8,606 108,607 14,474 14,474 114,475 24,901 24,901 124,902
16 1,000 24,840 8,909 8,909 108,910 15,573 15,573 115,574 27,954 27,954 127,955
17 1,000 27,132 9,163 9,163 109,164 16,673 16,673 116,673 31,269 31,269 131,269
18 1,000 29,539 9,362 9,362 109,362 17,765 17,765 117,766 34,864 34,864 134,864
19 1,000 32,066 9,501 9,501 109,501 18,845 18,845 118,846 38,761 38,761 138,761
20 1,000 34,719 9,571 9,571 109,572 19,902 19,902 119,902 42,981 42,981 142,982
@ 65 1,000 69,761 5,011 5,011 105,011 26,894 26,894 126,895 109,621 109,621 209,622
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
32.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
7
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 677 0 100,677 725 725 100,726 774 0 100,774
2 1,000 2,153 1,482 9 101,483 1,626 1,626 101,627 1,776 303 101,777
3 1,000 3,310 2,264 791 102,265 2,555 2,555 102,556 2,870 1,396 102,870
4 1,000 4,526 3,023 1,549 103,023 3,513 3,513 103,513 4,064 2,590 104,064
5 1,000 5,802 3,756 2,282 103,756 4,498 4,498 104,498 5,366 3,892 105,366
6 1,000 7,142 4,463 2,990 104,464 5,511 5,511 105,512 6,786 5,312 106,786
7 1,000 8,549 5,144 3,670 105,144 6,552 6,552 106,552 8,333 6,860 108,334
8 1,000 10,027 5,797 4,559 105,797 7,620 7,620 107,620 10,022 8,784 110,022
9 1,000 11,578 6,423 5,362 106,424 8,717 8,717 108,717 11,864 10,803 111,865
10 1,000 13,207 7,024 6,140 107,025 9,844 9,844 109,845 13,877 12,993 113,878
11 1,000 14,917 7,625 6,918 107,626 11,039 11,039 111,040 16,130 15,422 116,130
12 1,000 16,713 8,206 7,675 108,206 12,275 12,275 112,276 18,604 18,073 118,604
13 1,000 18,599 8,764 8,410 108,764 13,553 13,553 113,553 21,343 20,989 121,343
14 1,000 20,579 9,299 9,123 109,300 14,873 14,873 114,873 24,368 24,191 124,368
15 1,000 22,657 9,813 9,813 109,814 16,237 16,237 116,238 27,698 27,698 127,698
16 1,000 24,840 10,303 10,303 110,303 17,645 17,645 117,646 31,363 31,363 131,363
17 1,000 27,132 10,768 10,768 110,768 19,099 19,099 119,099 35,398 35,398 135,398
18 1,000 29,539 11,207 11,207 111,208 20,628 20,628 120,629 39,839 39,839 139,840
19 1,000 32,066 11,618 11,618 111,618 22,206 22,206 122,206 44,795 44,795 144,795
20 1,000 34,719 12,000 12,000 112,001 23,833 23,833 123,834 50,260 50,260 150,260
@ 65 1,000 69,761 14,806 14,806 114,806 44,059 44,059 144,060 149,014 149,014 249,014
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
37.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
8
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 651 0 100,651 699 0 100,699 746 0 100,747
2 1,000 2,153 1,430 0 101,430 1,570 97 101,571 1,717 243 101,717
3 1,000 3,310 2,183 710 102,184 2,467 993 102,467 2,773 1,300 102,774
4 1,000 4,526 2,912 1,438 102,912 3,388 1,914 103,388 3,924 2,450 103,924
5 1,000 5,802 3,613 2,139 103,613 4,333 2,860 104,334 5,175 3,702 105,176
6 1,000 7,142 4,287 2,813 104,287 5,302 3,828 105,302 6,538 5,064 106,538
7 1,000 8,549 4,930 3,457 104,931 6,292 4,819 106,293 8,018 6,545 108,019
8 1,000 10,027 5,544 4,307 105,545 7,306 6,068 107,306 9,629 8,391 109,630
9 1,000 11,578 6,130 5,069 106,130 8,342 7,281 108,343 11,383 10,322 111,384
10 1,000 13,207 6,687 5,802 106,687 9,403 8,519 109,404 13,296 12,412 113,296
11 1,000 14,917 7,214 6,507 107,215 10,489 9,782 110,489 15,381 14,673 115,381
12 1,000 16,713 7,713 7,183 107,714 11,599 11,069 111,600 17,655 17,124 117,655
13 1,000 18,599 8,181 7,827 108,181 12,732 12,379 112,733 20,135 19,781 120,136
14 1,000 20,579 8,616 8,439 108,617 13,888 13,711 113,889 22,840 22,663 122,841
15 1,000 22,657 9,019 9,019 109,020 15,066 15,066 115,067 25,792 25,792 125,792
16 1,000 24,840 9,386 9,386 109,386 16,263 16,263 116,264 29,010 29,010 129,011
17 1,000 27,132 9,715 9,715 109,716 17,478 17,478 117,479 32,521 32,521 132,521
18 1,000 29,539 10,004 10,004 110,005 18,708 18,708 118,708 36,348 36,348 136,349
19 1,000 32,066 10,247 10,247 110,248 19,946 19,946 119,947 40,519 40,519 140,519
20 1,000 34,719 10,444 10,444 110,445 21,193 21,193 121,193 45,065 45,065 145,066
@ 65 1,000 69,761 9,460 9,460 109,461 33,519 33,519 133,520 121,039 121,039 221,040
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
37.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
9
POLICY OPTION B
ILLUSTRATIONS OF DEATH BENEFITS, POLICY VALUES ("ACCOUNT VALUES")
AND CASH SURRENDER VALUES
- --------------------------------------------------------------------------------
The tables on the following pages illustrate how a policy's Death Benefits,
Account Values and Cash Surrender Value could vary over time assuming constant
hypothetical gross (after tax) annual investment returns of 0%, 6% and 12%. The
policy benefits will differ from those shown in the tables if the annual
investment returns are not absolutely constant. That is, the figures will be
different if the returns averaged 0%, 6% or 12% over a period of years but went
above or below those figures in individual policy years. The policy benefits
also will differ, depending on your premium allocations to each Subaccount of
the Account, if the overall actual rates of return averaged 0%, 6% or 12%, but
went above or below those figures for the individual Subaccounts. The tables are
for standard risk males and females that have never smoked. In states where cost
of insurance rates are not based on gender, the tables designated "male" apply
to all standard risk people who have never smoked. Account values and Cash
Surrender Values may be lower for smokers or former smokers or for risk classes
involving higher mortality risk. In these examples we assume planned premium
payments are paid at the beginning of each policy year. The difference between
the policy value and the cash surrender value is the surrender charge.
Illustrated tables are included for death benefit Option 1 and death benefit
Option 2.
The death benefit, account value and Cash Surrender Value amounts reflect
the following current charges:
1. Issue charge of $1.50 per $1,000 of base face amount up to a maximum of
$600.
2. Premium Expense charge of 6% of all premiums.
3. Cost of insurance charge. The tables illustrate cost of insurance at
both the current rates and at the maximum rates guaranteed in the
Policy.
4. The monthly Mortality and Expense risk charge is equal to 0.075% of
Policy Value each month during the first 10 policy years. After the
10th policy year, the monthly Mortality and Expense risk charge will
vary by the amount of non-loaned Separate Account value relative to
total face amount (base face amount + term rider face amount, if any +
layer face amounts, if any). The following table lists the monthly
Mortality and Expense risk charge applied in policy years 11 and after:
------------------------------------------------------------- -------------------------------------------------------
Ratio of non-loaned account value to total face amount Mortality and Expense risk charge
------------------------------------------------------------- -------------------------------------------------------
Less than 40% 0.075% of non-loaned Separate Account Value
------------------------------------------------------------- -------------------------------------------------------
Greater than or equal to 40% and less than 60% 0.055% of non-loaned Separate Account Value
------------------------------------------------------------- -------------------------------------------------------
Greater than or equal to 60% 0.050% of non-loaned Separate Account Value
------------------------------------------------------------- -------------------------------------------------------
These illustrations also assume an average investment advisory fee of 0.68% on
an annual basis, of the average daily net asset value of each of the Series of
the Funds. These illustrations also assume other ongoing average Fund expenses
of 0.25%. All other Fund expenses, except capital items such as brokerage
commissions, are paid by the Advisor or by Phoenix. Management may decide to
limit the amount of expense reimbursement in the future. If expense
reimbursement had not been in place for the fiscal year ended December 31, 2001,
average total operating expenses for the Series would have been approximately
0.93% of the average net assets.
Taking into account the mortality and expense risk charge and the investment
advisory fees and expenses, the gross annual investment return rates of 0%, 6%
and 12% on the Funds' assets are equivalent to net annual investment return
rates of approximately -0.93%, 5.07% and 11.07%, respectively. For individual
illustrations, interest rates ranging between 0% and 12% may be selected in
place of the 6% rate.
The hypothetical returns shown in the tables are without any tax charges that
may be attributable to the Account in the future. If such tax charges are
imposed in the future, then in order to produce after tax returns equal to those
illustrated for 0%, 6% and 12%, a sufficiently higher amount in excess of the
hypothetical interest rates would have to be earned.
The second column of each table shows the amount that would accumulate if an
amount equal to the premiums paid were invested to earn interest, after taxes,
at 5% compounded annually. These tables show that if a Policy is returned in its
very early years for payment of its Cash Surrender Value, that Cash Surrender
Value may be low in comparison to the amount of the premiums accumulated with
interest. Thus, the cost of owning a Policy for a relatively short time may be
high.
On request, we will furnish the policy owner with a comparable illustration
based on the age and sex of the proposed insured person(s), the appropriate risk
classification, the current face amount and planned premium chosen.
10
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE POLICY OPTION 1
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 651 0 100,000 699 0 100,000 747 0 100,000
2 1,000 2,153 1,434 562 100,000 1,575 703 100,000 1,722 850 100,000
3 1,000 3,310 2,194 1,323 100,000 2,479 1,607 100,000 2,786 1,915 100,000
4 1,000 4,526 2,932 2,060 100,000 3,411 2,539 100,000 3,950 3,078 100,000
5 1,000 5,802 3,646 2,774 100,000 4,371 3,500 100,000 5,221 4,349 100,000
6 1,000 7,142 4,335 3,673 100,000 5,361 4,699 100,000 6,609 5,947 100,000
7 1,000 8,549 4,999 4,546 100,000 6,379 5,925 100,000 8,126 7,672 100,000
8 1,000 10,027 5,638 5,394 100,000 7,426 7,182 100,000 9,783 9,539 100,000
9 1,000 11,578 6,250 6,145 100,000 8,501 8,397 100,000 11,595 11,491 100,000
10 1,000 13,207 6,835 6,835 100,000 9,607 9,607 100,000 13,578 13,578 100,000
11 1,000 14,917 7,413 7,413 100,000 10,772 10,772 100,000 15,790 15,790 100,000
12 1,000 16,713 7,968 7,968 100,000 11,976 11,976 100,000 18,222 18,222 100,000
13 1,000 18,599 8,499 8,499 100,000 13,221 13,221 100,000 20,911 20,911 100,000
14 1,000 20,579 9,006 9,006 100,000 14,507 14,507 100,000 23,888 23,888 100,000
15 1,000 22,657 9,488 9,488 100,000 15,835 15,835 100,000 27,171 27,171 100,000
16 1,000 24,840 9,944 9,944 100,000 17,208 17,208 100,000 30,796 30,796 100,000
17 1,000 27,132 10,372 10,372 100,000 18,626 18,626 100,000 34,798 34,798 100,000
18 1,000 29,539 10,769 10,769 100,000 20,091 20,091 100,000 39,217 39,217 100,000
19 1,000 32,066 11,132 11,132 100,000 21,623 21,623 100,000 44,128 44,128 100,000
20 1,000 34,719 11,459 11,459 100,000 23,203 23,203 100,000 49,562 49,562 100,000
@ 65 1,000 69,761 12,745 12,745 100,000 42,440 42,440 100,000 148,534 148,534 181,211
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
33.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
11
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 1
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 630 0 100,000 678 0 100,000 725 0 100,000
2 1,000 2,153 1,391 520 100,000 1,530 658 100,000 1,674 802 100,000
3 1,000 3,310 2,129 1,258 100,000 2,408 1,536 100,000 2,709 1,838 100,000
4 1,000 4,526 2,843 1,972 100,000 3,312 2,440 100,000 3,839 2,967 100,000
5 1,000 5,802 3,533 2,661 100,000 4,242 3,370 100,000 5,071 4,199 100,000
6 1,000 7,142 4,197 3,535 100,000 5,197 4,535 100,000 6,415 5,753 100,000
7 1,000 8,549 4,834 4,381 100,000 6,178 5,724 100,000 7,881 7,428 100,000
8 1,000 10,027 5,444 5,200 100,000 7,184 6,940 100,000 9,482 9,238 100,000
9 1,000 11,578 6,024 5,920 100,000 8,215 8,110 100,000 11,228 11,124 100,000
10 1,000 13,207 6,577 6,577 100,000 9,272 9,272 100,000 13,137 13,137 100,000
11 1,000 14,917 7,098 7,098 100,000 10,353 10,353 100,000 15,222 15,222 100,000
12 1,000 16,713 7,587 7,587 100,000 11,458 11,458 100,000 17,501 17,501 100,000
13 1,000 18,599 8,042 8,042 100,000 12,587 12,587 100,000 19,995 19,995 100,000
14 1,000 20,579 8,463 8,463 100,000 13,740 13,740 100,000 22,725 22,725 100,000
15 1,000 22,657 8,846 8,846 100,000 14,915 14,915 100,000 25,715 25,715 100,000
16 1,000 24,840 9,191 9,191 100,000 16,112 16,112 100,000 28,993 28,993 100,000
17 1,000 27,132 9,492 9,492 100,000 17,328 17,328 100,000 32,587 32,587 100,000
18 1,000 29,539 9,743 9,743 100,000 18,558 18,558 100,000 36,530 36,530 100,000
19 1,000 32,066 9,940 9,940 100,000 19,799 19,799 100,000 40,859 40,859 100,000
20 1,000 34,719 10,077 10,077 100,000 21,046 21,046 100,000 45,617 45,617 100,000
@ 65 1,000 69,761 6,517 6,517 100,000 32,844 32,844 100,000 129,729 129,729 158,270
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
33.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
12
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 1
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 678 0 100,000 726 0 100,000 775 38 100,000
2 1,000 2,153 1,485 749 100,000 1,629 893 100,000 1,780 1,043 100,000
3 1,000 3,310 2,271 1,534 100,000 2,562 1,825 100,000 2,878 2,141 100,000
4 1,000 4,526 3,033 2,297 100,000 3,525 2,788 100,000 4,078 3,342 100,000
5 1,000 5,802 3,772 3,036 100,000 4,518 3,782 100,000 5,391 4,654 100,000
6 1,000 7,142 4,487 3,927 100,000 5,542 4,982 100,000 6,825 6,265 100,000
7 1,000 8,549 5,177 4,794 100,000 6,596 6,213 100,000 8,393 8,009 100,000
8 1,000 10,027 5,841 5,635 100,000 7,681 7,475 100,000 10,107 9,901 100,000
9 1,000 11,578 6,481 6,393 100,000 8,800 8,712 100,000 11,985 11,896 100,000
10 1,000 13,207 7,098 7,098 100,000 9,954 9,954 100,000 14,042 14,042 100,000
11 1,000 14,917 7,712 7,712 100,000 11,175 11,175 100,000 16,342 16,342 100,000
12 1,000 16,713 8,307 8,307 100,000 12,442 12,442 100,000 18,875 18,875 100,000
13 1,000 18,599 8,882 8,882 100,000 13,755 13,755 100,000 21,688 21,688 100,000
14 1,000 20,579 9,438 9,438 100,000 15,118 15,118 100,000 24,797 24,797 100,000
15 1,000 22,657 9,973 9,973 100,000 16,532 16,532 100,000 28,231 28,231 100,000
16 1,000 24,840 10,487 10,487 100,000 17,999 17,999 100,000 32,023 32,023 100,000
17 1,000 27,132 10,979 10,979 100,000 19,521 19,521 100,000 36,215 36,215 100,000
18 1,000 29,539 11,449 11,449 100,000 21,125 21,125 100,000 40,853 40,853 100,000
19 1,000 32,066 11,893 11,893 100,000 22,790 22,790 100,000 46,005 46,005 100,000
20 1,000 34,719 12,313 12,313 100,000 24,519 24,519 100,000 51,711 51,711 100,000
@ 65 1,000 69,761 15,629 15,629 100,000 46,733 46,733 100,000 155,696 155,696 189,950
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
38.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
13
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 1
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 652 0 100,000 700 0 100,000 748 11 100,000
2 1,000 2,153 1,433 696 100,000 1,574 837 100,000 1,721 984 100,000
3 1,000 3,310 2,191 1,454 100,000 2,475 1,738 100,000 2,783 2,046 100,000
4 1,000 4,526 2,924 2,187 100,000 3,403 2,666 100,000 3,941 3,205 100,000
5 1,000 5,802 3,632 2,895 100,000 4,357 3,620 100,000 5,205 4,468 100,000
6 1,000 7,142 4,315 3,755 100,000 5,338 4,778 100,000 6,584 6,024 100,000
7 1,000 8,549 4,969 4,586 100,000 6,345 5,962 100,000 8,088 7,705 100,000
8 1,000 10,027 5,597 5,391 100,000 7,378 7,172 100,000 9,730 9,523 100,000
9 1,000 11,578 6,198 6,109 100,000 8,441 8,352 100,000 11,525 11,436 100,000
10 1,000 13,207 6,773 6,773 100,000 9,533 9,533 100,000 13,489 13,489 100,000
11 1,000 14,917 7,321 7,321 100,000 10,656 10,656 100,000 15,641 15,641 100,000
12 1,000 16,713 7,843 7,843 100,000 11,811 11,811 100,000 17,999 17,999 100,000
13 1,000 18,599 8,338 8,338 100,000 12,998 12,998 100,000 20,585 20,585 100,000
14 1,000 20,579 8,803 8,803 100,000 14,217 14,217 100,000 23,421 23,421 100,000
15 1,000 22,657 9,239 9,239 100,000 15,470 15,470 100,000 26,535 26,535 100,000
16 1,000 24,840 9,643 9,643 100,000 16,754 16,754 100,000 29,955 29,955 100,000
17 1,000 27,132 10,014 10,014 100,000 18,072 18,072 100,000 33,713 33,713 100,000
18 1,000 29,539 10,348 10,348 100,000 19,421 19,421 100,000 37,845 37,845 100,000
19 1,000 32,066 10,642 10,642 100,000 20,799 20,799 100,000 42,390 42,390 100,000
20 1,000 34,719 10,895 10,895 100,000 22,208 22,208 100,000 47,395 47,395 100,000
@ 65 1,000 69,761 10,770 10,770 100,000 38,237 38,237 100,000 136,319 136,319 166,310
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
38.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
14
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 650 0 100,651 698 0 100,698 746 0 100,746
2 1,000 2,153 1,430 559 101,431 1,571 700 101,572 1,718 846 101,718
3 1,000 3,310 2,187 1,315 102,187 2,470 1,599 102,471 2,777 1,906 102,778
4 1,000 4,526 2,919 2,048 102,920 3,396 2,525 103,397 3,932 3,061 103,933
5 1,000 5,802 3,627 2,755 103,627 4,348 3,476 104,348 5,192 4,320 105,192
6 1,000 7,142 4,308 3,646 104,308 5,326 4,663 105,326 6,564 5,901 106,564
7 1,000 8,549 4,961 4,508 104,962 6,328 5,875 106,328 8,058 7,605 108,058
8 1,000 10,027 5,587 5,343 105,588 7,355 7,111 107,356 9,686 9,442 109,686
9 1,000 11,578 6,184 6,080 106,185 8,406 8,302 108,407 11,459 11,354 111,459
10 1,000 13,207 6,752 6,752 106,752 9,482 9,482 109,483 13,391 13,391 113,392
11 1,000 14,917 7,310 7,310 107,311 10,611 10,611 110,612 15,538 15,538 115,539
12 1,000 16,713 7,842 7,842 107,843 11,771 11,771 111,772 17,889 17,889 117,889
13 1,000 18,599 8,348 8,348 108,348 12,964 12,964 112,964 20,469 20,469 120,470
14 1,000 20,579 8,826 8,826 108,826 14,189 14,189 114,189 23,318 23,318 123,319
15 1,000 22,657 9,275 9,275 109,276 15,445 15,445 115,446 26,443 26,443 126,444
16 1,000 24,840 9,696 9,696 109,697 16,735 16,735 116,735 29,873 29,873 129,873
17 1,000 27,132 10,085 10,085 110,085 18,054 18,054 118,055 33,635 33,635 133,635
18 1,000 29,539 10,438 10,438 110,438 19,401 19,401 119,402 37,759 37,759 137,760
19 1,000 32,066 10,753 10,753 110,754 20,800 20,800 120,800 42,297 42,297 142,298
20 1,000 34,719 11,027 11,027 111,027 22,223 22,223 122,224 47,285 47,285 147,286
@ 65 1,000 69,761 11,509 11,509 111,510 37,967 37,967 137,967 134,284 134,284 234,285
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
32.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
15
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 629 0 100,630 676 0 100,677 723 0 100,724
2 1,000 2,153 1,387 516 101,388 1,525 654 101,526 1,669 798 101,670
3 1,000 3,310 2,121 1,250 102,122 2,398 1,527 102,399 2,699 1,827 102,699
4 1,000 4,526 2,830 1,958 102,830 3,295 2,424 103,296 3,819 2,948 103,820
5 1,000 5,802 3,512 2,640 103,512 4,215 3,344 104,216 5,039 4,167 105,039
6 1,000 7,142 4,166 3,504 104,167 5,158 4,495 105,158 6,365 5,702 106,365
7 1,000 8,549 4,791 4,338 104,792 6,121 5,668 106,121 7,806 7,353 107,806
8 1,000 10,027 5,387 5,143 105,388 7,105 6,861 107,106 9,373 9,129 109,374
9 1,000 11,578 5,952 5,847 105,952 8,109 8,005 108,110 11,076 10,972 111,077
10 1,000 13,207 6,485 6,485 106,485 9,133 9,133 109,134 12,929 12,929 112,930
11 1,000 14,917 6,984 6,984 106,984 10,174 10,174 110,174 14,942 14,942 114,943
12 1,000 16,713 7,447 7,447 107,447 11,230 11,230 111,230 17,130 17,130 117,130
13 1,000 18,599 7,873 7,873 107,873 12,300 12,300 112,300 19,508 19,508 119,508
14 1,000 20,579 8,260 8,260 108,261 13,382 13,382 113,383 22,093 22,093 122,093
15 1,000 22,657 8,606 8,606 108,607 14,474 14,474 114,475 24,901 24,901 124,902
16 1,000 24,840 8,909 8,909 108,910 15,573 15,573 115,574 27,954 27,954 127,955
17 1,000 27,132 9,163 9,163 109,164 16,673 16,673 116,673 31,269 31,269 131,269
18 1,000 29,539 9,362 9,362 109,362 17,765 17,765 117,766 34,864 34,864 134,864
19 1,000 32,066 9,501 9,501 109,501 18,845 18,845 118,846 38,761 38,761 138,761
20 1,000 34,719 9,571 9,571 109,572 19,902 19,902 119,902 42,981 42,981 142,982
@ 65 1,000 69,761 5,011 5,011 105,011 26,894 26,894 126,895 109,621 109,621 209,622
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
32.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
16
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 677 0 100,677 725 0 100,726 774 37 100,774
2 1,000 2,153 1,482 746 101,483 1,626 889 101,627 1,776 1,039 101,777
3 1,000 3,310 2,264 1,528 102,265 2,555 1,819 102,556 2,870 2,133 102,870
4 1,000 4,526 3,023 2,286 103,023 3,513 2,776 103,513 4,064 3,327 104,064
5 1,000 5,802 3,756 3,019 103,756 4,498 3,761 104,498 5,366 4,629 105,366
6 1,000 7,142 4,463 3,904 104,464 5,511 4,951 105,512 6,786 6,226 106,786
7 1,000 8,549 5,144 4,760 105,144 6,552 6,168 106,552 8,333 7,950 108,334
8 1,000 10,027 5,797 5,590 105,797 7,620 7,413 107,620 10,022 9,815 110,022
9 1,000 11,578 6,423 6,335 106,424 8,717 8,628 108,717 11,864 11,776 111,865
10 1,000 13,207 7,024 7,024 107,025 9,844 9,844 109,845 13,877 13,877 113,878
11 1,000 14,917 7,621 7,621 107,621 11,033 11,033 111,033 16,120 16,120 116,120
12 1,000 16,713 8,196 8,196 108,196 12,261 12,261 112,262 18,582 18,582 118,582
13 1,000 18,599 8,749 8,749 108,749 13,530 13,530 113,530 21,301 21,301 121,302
14 1,000 20,579 9,279 9,279 109,280 14,840 14,840 114,840 24,300 24,300 124,300
15 1,000 22,657 9,787 9,787 109,788 16,193 16,193 116,193 27,598 27,598 127,598
16 1,000 24,840 10,271 10,271 110,271 17,588 17,588 117,588 31,224 31,224 131,224
17 1,000 27,132 10,730 10,730 110,730 19,027 19,027 119,028 35,212 35,212 135,212
18 1,000 29,539 11,163 11,163 111,163 20,533 20,533 120,533 39,598 39,598 139,599
19 1,000 32,066 11,567 11,567 111,568 22,086 22,086 122,086 44,447 44,447 144,448
20 1,000 34,719 11,943 11,943 111,944 23,686 23,686 123,687 49,785 49,785 149,785
@ 65 1,000 69,761 14,679 14,679 114,680 43,369 43,369 143,369 145,112 145,112 245,113
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
37.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
17
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 651 0 100,651 699 0 100,699 746 10 100,747
2 1,000 2,153 1,430 693 101,430 1,570 834 101,571 1,717 980 101,717
3 1,000 3,310 2,183 1,447 102,184 2,467 1,730 102,467 2,773 2,037 102,774
4 1,000 4,526 2,912 2,175 102,912 3,388 2,651 103,388 3,924 3,187 103,924
5 1,000 5,802 3,613 2,876 103,613 4,333 3,596 104,334 5,175 4,439 105,176
6 1,000 7,142 4,287 3,727 104,287 5,302 4,742 105,302 6,538 5,978 106,538
7 1,000 8,549 4,930 4,547 104,931 6,292 5,909 106,293 8,018 7,635 108,019
8 1,000 10,027 5,544 5,338 105,545 7,306 7,099 107,306 9,629 9,423 109,630
9 1,000 11,578 6,130 6,041 106,130 8,342 8,254 108,343 11,383 11,295 111,384
10 1,000 13,207 6,687 6,687 106,687 9,403 9,403 109,404 13,296 13,296 113,296
11 1,000 14,917 7,214 7,214 107,215 10,489 10,489 110,489 15,381 15,381 115,381
12 1,000 16,713 7,713 7,713 107,714 11,599 11,599 111,600 17,655 17,655 117,655
13 1,000 18,599 8,181 8,181 108,181 12,732 12,732 112,733 20,135 20,135 120,136
14 1,000 20,579 8,616 8,616 108,617 13,888 13,888 113,889 22,840 22,840 122,841
15 1,000 22,657 9,019 9,019 109,020 15,066 15,066 115,067 25,792 25,792 125,792
16 1,000 24,840 9,386 9,386 109,386 16,263 16,263 116,264 29,010 29,010 129,011
17 1,000 27,132 9,715 9,715 109,716 17,478 17,478 117,479 32,521 32,521 132,521
18 1,000 29,539 10,004 10,004 110,005 18,708 18,708 118,708 36,348 36,348 136,349
19 1,000 32,066 10,247 10,247 110,248 19,946 19,946 119,947 40,519 40,519 140,519
20 1,000 34,719 10,444 10,444 110,445 21,193 21,193 121,193 45,065 45,065 145,066
@ 65 1,000 69,761 9,460 9,460 109,461 33,519 33,519 133,520 121,039 121,039 221,040
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
37.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
18
POLICY OPTION C
ILLUSTRATIONS OF DEATH BENEFITS, POLICY VALUES ("ACCOUNT VALUES")
AND CASH SURRENDER VALUES
- --------------------------------------------------------------------------------
The tables on the following pages illustrate how a policy's Death Benefits,
Account Values and Cash Surrender Value could vary over time assuming constant
hypothetical gross (after tax) annual investment returns of 0%, 6% and 12%. The
policy benefits will differ from those shown in the tables if the annual
investment returns are not absolutely constant. That is, the figures will be
different if the returns averaged 0%, 6% or 12% over a period of years but went
above or below those figures in individual policy years. The policy benefits
also will differ, depending on your premium allocations to each Subaccount of
the Account, if the overall actual rates of return averaged 0%, 6% or 12%, but
went above or below those figures for the individual Subaccounts. The tables are
for standard risk males and females that have never smoked. In states where cost
of insurance rates are not based on gender, the tables designated "male" apply
to all standard risk people who have never smoked. Account values and Cash
Surrender Values may be lower for smokers or former smokers or for risk classes
involving higher mortality risk. In these examples we assume planned premium
payments are paid at the beginning of each policy year. The difference between
the policy value and the cash surrender value is the surrender charge.
Illustrated tables are included for death benefit Option 1 and death benefit
Option 2.
The death benefit, account value and Cash Surrender Value amounts reflect
the following current charges:
1. Issue charge of $1.50 per $1,000 of base face amount up to a maximum of
$600.
2. Premium Expense Charge of 6% of all premiums.
3. Cost of insurance charge. The tables illustrate cost of insurance at
both the current rates and at the maximum rates guaranteed in the
Policy.
4. The monthly Mortality and Expense risk charge is equal to 0.075% of
Policy Value each month during the first 10 policy years. After the
10th policy year, the monthly Mortality and Expense risk charge will
vary by the amount of non-loaned Separate Account value relative to
total face amount (base face amount + term rider face amount, if any +
layer face amounts, if any). The following table lists the monthly
Mortality and Expense risk charge applied in policy years 11 and after:
------------------------------------------------------------- -------------------------------------------------------
Ratio of non-loaned account value to total face amount Mortality and Expense risk charge
------------------------------------------------------------- -------------------------------------------------------
Less than 40% 0.075% of non-loaned Separate Account Value
------------------------------------------------------------- -------------------------------------------------------
Greater than or equal to 40% and less than 60% 0.060% of non-loaned Separate Account Value
------------------------------------------------------------- -------------------------------------------------------
Greater than or equal to 60% 0.055% of non-loaned Separate Account Value
------------------------------------------------------------- -------------------------------------------------------
These illustrations also assume an average investment advisory fee of 0.68% on
an annual basis, of the average daily net asset value of each of the Series of
the Funds. These illustrations also assume other ongoing average Fund expenses
of 0.25%. All other Fund expenses, except capital items such as brokerage
commissions, are paid by the Advisor or by Phoenix. Management may decide to
limit the amount of expense reimbursement in the future. If expense
reimbursement had not been in place for the fiscal year ended December 31, 2001,
average total operating expenses for the Series would have been approximately
0.93% of the average net assets.
Taking into account the mortality and expense risk charge and the investment
advisory fees and expenses, the gross annual investment return rates of 0%, 6%
and 12% on the Funds' assets are equivalent to net annual investment return
rates of approximately -0.93%, 5.07% and 11.07%, respectively. For individual
illustrations, interest rates ranging between 0% and 12% may be selected in
place of the 6% rate.
The hypothetical returns shown in the tables are without any tax charges that
may be attributable to the Account in the future. If such tax charges are
imposed in the future, then in order to produce after tax returns equal to those
illustrated for 0%, 6% and 12%, a sufficiently higher amount in excess of the
hypothetical interest rates would have to be earned.
The second column of each table shows the amount that would accumulate if an
amount equal to the premiums paid were invested to earn interest, after taxes,
at 5% compounded annually. These tables show that if a Policy is returned in its
very early years for payment of its Cash Surrender Value, that Cash Surrender
Value may be low in comparison to the amount of the premiums accumulated with
interest. Thus, the cost of owning a Policy for a relatively short time may be
high.
On request, we will furnish the policy owner with a comparable illustration
based on the age and sex of the proposed insured person(s), appropriate risk
class assumptions, the current face amount and planned premium chosen.
19
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE POLICY OPTION 1
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 651 216 100,000 699 263 100,000 747 311 100,000
2 1,000 2,153 1,434 998 100,000 1,575 1,139 100,000 1,722 1,286 100,000
3 1,000 3,310 2,194 1,758 100,000 2,479 2,043 100,000 2,786 2,351 100,000
4 1,000 4,526 2,932 2,714 100,000 3,411 3,193 100,000 3,950 3,732 100,000
5 1,000 5,802 3,646 3,646 100,000 4,371 4,371 100,000 5,221 5,221 100,000
6 1,000 7,142 4,335 4,335 100,000 5,361 5,361 100,000 6,609 6,609 100,000
7 1,000 8,549 4,999 4,999 100,000 6,379 6,379 100,000 8,126 8,126 100,000
8 1,000 10,027 5,638 5,638 100,000 7,426 7,426 100,000 9,783 9,783 100,000
9 1,000 11,578 6,250 6,250 100,000 8,501 8,501 100,000 11,595 11,595 100,000
10 1,000 13,207 6,835 6,835 100,000 9,607 9,607 100,000 13,578 13,578 100,000
11 1,000 14,917 7,411 7,411 100,000 10,769 10,769 100,000 15,785 15,785 100,000
12 1,000 16,713 7,964 7,964 100,000 11,969 11,969 100,000 18,211 18,211 100,000
13 1,000 18,599 8,492 8,492 100,000 13,209 13,209 100,000 20,883 20,883 100,000
14 1,000 20,579 8,997 8,997 100,000 14,490 14,490 100,000 23,828 23,828 100,000
15 1,000 22,657 9,475 9,475 100,000 15,813 15,813 100,000 27,073 27,073 100,000
16 1,000 24,840 9,929 9,929 100,000 17,180 17,180 100,000 30,649 30,649 100,000
17 1,000 27,132 10,354 10,354 100,000 18,590 18,590 100,000 34,593 34,593 100,000
18 1,000 29,539 10,747 10,747 100,000 20,044 20,044 100,000 38,943 38,943 100,000
19 1,000 32,066 11,107 11,107 100,000 21,548 21,548 100,000 43,769 43,769 100,000
20 1,000 34,719 11,431 11,431 100,000 23,096 23,096 100,000 49,103 49,103 100,000
@ 65 1,000 69,761 12,682 12,682 100,000 41,764 41,764 100,000 145,585 145,585 177,614
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
33.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
20
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 1
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 630 195 100,000 678 242 100,000 725 289 100,000
2 1,000 2,153 1,391 956 100,000 1,530 1,094 100,000 1,674 1,238 100,000
3 1,000 3,310 2,129 1,693 100,000 2,408 1,972 100,000 2,709 2,273 100,000
4 1,000 4,526 2,843 2,626 100,000 3,312 3,094 100,000 3,839 3,621 100,000
5 1,000 5,802 3,533 3,533 100,000 4,242 4,242 100,000 5,071 5,071 100,000
6 1,000 7,142 4,197 4,197 100,000 5,197 5,197 100,000 6,415 6,415 100,000
7 1,000 8,549 4,834 4,834 100,000 6,178 6,178 100,000 7,881 7,881 100,000
8 1,000 10,027 5,444 5,444 100,000 7,184 7,184 100,000 9,482 9,482 100,000
9 1,000 11,578 6,024 6,024 100,000 8,215 8,215 100,000 11,228 11,228 100,000
10 1,000 13,207 6,577 6,577 100,000 9,272 9,272 100,000 13,137 13,137 100,000
11 1,000 14,917 7,098 7,098 100,000 10,353 10,353 100,000 15,222 15,222 100,000
12 1,000 16,713 7,587 7,587 100,000 11,458 11,458 100,000 17,501 17,501 100,000
13 1,000 18,599 8,042 8,042 100,000 12,587 12,587 100,000 19,995 19,995 100,000
14 1,000 20,579 8,463 8,463 100,000 13,740 13,740 100,000 22,725 22,725 100,000
15 1,000 22,657 8,846 8,846 100,000 14,915 14,915 100,000 25,715 25,715 100,000
16 1,000 24,840 9,191 9,191 100,000 16,112 16,112 100,000 28,993 28,993 100,000
17 1,000 27,132 9,492 9,492 100,000 17,328 17,328 100,000 32,587 32,587 100,000
18 1,000 29,539 9,743 9,743 100,000 18,558 18,558 100,000 36,530 36,530 100,000
19 1,000 32,066 9,940 9,940 100,000 19,799 19,799 100,000 40,859 40,859 100,000
20 1,000 34,719 10,077 10,077 100,000 21,046 21,046 100,000 45,617 45,617 100,000
@ 65 1,000 69,761 6,517 6,517 100,000 32,844 32,844 100,000 129,729 129,729 158,270
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
33.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
21
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 1
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 678 309 100,000 726 358 100,000 775 407 100,000
2 1,000 2,153 1,485 1,117 100,000 1,629 1,261 100,000 1,780 1,411 100,000
3 1,000 3,310 2,271 1,902 100,000 2,562 2,194 100,000 2,878 2,510 100,000
4 1,000 4,526 3,033 2,849 100,000 3,525 3,341 100,000 4,078 3,894 100,000
5 1,000 5,802 3,772 3,772 100,000 4,518 4,518 100,000 5,391 5,391 100,000
6 1,000 7,142 4,487 4,487 100,000 5,542 5,542 100,000 6,825 6,825 100,000
7 1,000 8,549 5,177 5,177 100,000 6,596 6,596 100,000 8,393 8,393 100,000
8 1,000 10,027 5,841 5,841 100,000 7,681 7,681 100,000 10,107 10,107 100,000
9 1,000 11,578 6,481 6,481 100,000 8,800 8,800 100,000 11,985 11,985 100,000
10 1,000 13,207 7,098 7,098 100,000 9,954 9,954 100,000 14,042 14,042 100,000
11 1,000 14,917 7,710 7,710 100,000 11,172 11,172 100,000 16,337 16,337 100,000
12 1,000 16,713 8,302 8,302 100,000 12,434 12,434 100,000 18,864 18,864 100,000
13 1,000 18,599 8,875 8,875 100,000 13,743 13,743 100,000 21,652 21,652 100,000
14 1,000 20,579 9,427 9,427 100,000 15,101 15,101 100,000 24,728 24,728 100,000
15 1,000 22,657 9,960 9,960 100,000 16,510 16,510 100,000 28,120 28,120 100,000
16 1,000 24,840 10,471 10,471 100,000 17,970 17,970 100,000 31,862 31,862 100,000
17 1,000 27,132 10,960 10,960 100,000 19,485 19,485 100,000 35,993 35,993 100,000
18 1,000 29,539 11,426 11,426 100,000 21,061 21,061 100,000 40,556 40,556 100,000
19 1,000 32,066 11,867 11,867 100,000 22,696 22,696 100,000 45,621 45,621 100,000
20 1,000 34,719 12,284 12,284 100,000 24,391 24,391 100,000 51,222 51,222 100,000
@ 65 1,000 69,761 15,561 15,561 100,000 45,986 45,986 100,000 152,591 152,591 186,161
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
38.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
22
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 1
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 652 284 100,000 700 331 100,000 748 379 100,000
2 1,000 2,153 1,433 1,065 100,000 1,574 1,206 100,000 1,721 1,353 100,000
3 1,000 3,310 2,191 1,822 100,000 2,475 2,107 100,000 2,783 2,414 100,000
4 1,000 4,526 2,924 2,740 100,000 3,403 3,219 100,000 3,941 3,757 100,000
5 1,000 5,802 3,632 3,632 100,000 4,357 4,357 100,000 5,205 5,205 100,000
6 1,000 7,142 4,315 4,315 100,000 5,338 5,338 100,000 6,584 6,584 100,000
7 1,000 8,549 4,969 4,969 100,000 6,345 6,345 100,000 8,088 8,088 100,000
8 1,000 10,027 5,597 5,597 100,000 7,378 7,378 100,000 9,730 9,730 100,000
9 1,000 11,578 6,198 6,198 100,000 8,441 8,441 100,000 11,525 11,525 100,000
10 1,000 13,207 6,773 6,773 100,000 9,533 9,533 100,000 13,489 13,489 100,000
11 1,000 14,917 7,321 7,321 100,000 10,656 10,656 100,000 15,641 15,641 100,000
12 1,000 16,713 7,843 7,843 100,000 11,811 11,811 100,000 17,999 17,999 100,000
13 1,000 18,599 8,338 8,338 100,000 12,998 12,998 100,000 20,585 20,585 100,000
14 1,000 20,579 8,803 8,803 100,000 14,217 14,217 100,000 23,421 23,421 100,000
15 1,000 22,657 9,239 9,239 100,000 15,470 15,470 100,000 26,535 26,535 100,000
16 1,000 24,840 9,643 9,643 100,000 16,754 16,754 100,000 29,955 29,955 100,000
17 1,000 27,132 10,014 10,014 100,000 18,072 18,072 100,000 33,713 33,713 100,000
18 1,000 29,539 10,348 10,348 100,000 19,421 19,421 100,000 37,845 37,845 100,000
19 1,000 32,066 10,642 10,642 100,000 20,799 20,799 100,000 42,390 42,390 100,000
20 1,000 34,719 10,895 10,895 100,000 22,208 22,208 100,000 47,395 47,395 100,000
@ 65 1,000 69,761 10,770 10,770 100,000 38,237 38,237 100,000 136,319 136,319 166,310
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
38.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
23
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 650 215 100,651 698 262 100,698 746 310 100,746
2 1,000 2,153 1,430 995 101,431 1,571 1,135 101,572 1,718 1,282 101,718
3 1,000 3,310 2,187 1,751 102,187 2,470 2,035 102,471 2,777 2,341 102,778
4 1,000 4,526 2,919 2,701 102,920 3,396 3,178 103,397 3,932 3,715 103,933
5 1,000 5,802 3,627 3,627 103,627 4,348 4,348 104,348 5,192 5,192 105,192
6 1,000 7,142 4,308 4,308 104,308 5,326 5,326 105,326 6,564 6,564 106,564
7 1,000 8,549 4,961 4,961 104,962 6,328 6,328 106,328 8,058 8,058 108,058
8 1,000 10,027 5,587 5,587 105,588 7,355 7,355 107,356 9,686 9,686 109,686
9 1,000 11,578 6,184 6,184 106,185 8,406 8,406 108,407 11,459 11,459 111,459
10 1,000 13,207 6,752 6,752 106,752 9,482 9,482 109,483 13,391 13,391 113,392
11 1,000 14,917 7,308 7,308 107,308 10,608 10,608 110,608 15,534 15,534 115,534
12 1,000 16,713 7,838 7,838 107,838 11,764 11,764 111,765 17,878 17,878 117,879
13 1,000 18,599 8,340 8,340 108,341 12,952 12,952 112,953 20,447 20,447 120,447
14 1,000 20,579 8,816 8,816 108,817 14,173 14,173 114,173 23,265 23,265 123,266
15 1,000 22,657 9,263 9,263 109,263 15,424 15,424 115,424 26,353 26,353 126,353
16 1,000 24,840 9,681 9,681 109,682 16,707 16,707 116,708 29,737 29,737 129,737
17 1,000 27,132 10,067 10,067 110,067 18,020 18,020 118,021 33,444 33,444 133,445
18 1,000 29,539 10,417 10,417 110,417 19,360 19,360 119,360 37,503 37,503 137,504
19 1,000 32,066 10,729 10,729 110,730 20,731 20,731 120,732 41,961 41,961 141,962
20 1,000 34,719 11,000 11,000 111,001 22,125 22,125 122,125 46,857 46,857 146,858
@ 65 1,000 69,761 11,453 11,453 111,453 37,369 37,369 137,370 131,539 131,539 231,540
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
32.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
24
PHL VARIABLE INSURANCE COMPANY PAGE 2 0F 2
MALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 629 193 100,630 676 240 100,677 723 288 100,724
2 1,000 2,153 1,387 952 101,388 1,525 1,090 101,526 1,669 1,233 101,670
3 1,000 3,310 2,121 1,685 102,122 2,398 1,963 102,399 2,699 2,263 102,699
4 1,000 4,526 2,830 2,612 102,830 3,295 3,078 103,296 3,819 3,602 103,820
5 1,000 5,802 3,512 3,512 103,512 4,215 4,215 104,216 5,039 5,039 105,039
6 1,000 7,142 4,166 4,166 104,167 5,158 5,158 105,158 6,365 6,365 106,365
7 1,000 8,549 4,791 4,791 104,792 6,121 6,121 106,121 7,806 7,806 107,806
8 1,000 10,027 5,387 5,387 105,388 7,105 7,105 107,106 9,373 9,373 109,374
9 1,000 11,578 5,952 5,952 105,952 8,109 8,109 108,110 11,076 11,076 111,077
10 1,000 13,207 6,485 6,485 106,485 9,133 9,133 109,134 12,929 12,929 112,930
11 1,000 14,917 6,984 6,984 106,984 10,174 10,174 110,174 14,942 14,942 114,943
12 1,000 16,713 7,447 7,447 107,447 11,230 11,230 111,230 17,130 17,130 117,130
13 1,000 18,599 7,873 7,873 107,873 12,300 12,300 112,300 19,508 19,508 119,508
14 1,000 20,579 8,260 8,260 108,261 13,382 13,382 113,383 22,093 22,093 122,093
15 1,000 22,657 8,606 8,606 108,607 14,474 14,474 114,475 24,901 24,901 124,902
16 1,000 24,840 8,909 8,909 108,910 15,573 15,573 115,574 27,954 27,954 127,955
17 1,000 27,132 9,163 9,163 109,164 16,673 16,673 116,673 31,269 31,269 131,269
18 1,000 29,539 9,362 9,362 109,362 17,765 17,765 117,766 34,864 34,864 134,864
19 1,000 32,066 9,501 9,501 109,501 18,845 18,845 118,846 38,761 38,761 138,761
20 1,000 34,719 9,571 9,571 109,572 19,902 19,902 119,902 42,981 42,981 142,982
@ 65 1,000 69,761 5,011 5,011 105,011 26,894 26,894 126,895 109,621 109,621 209,622
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
32.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
25
PHL VARIABLE INSURANCE COMPANY PAGE 1 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING CURRENT CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 677 308 100,677 725 357 100,726 774 406 100,774
2 1,000 2,153 1,482 1,114 101,483 1,626 1,258 101,627 1,776 1,408 101,777
3 1,000 3,310 2,264 1,896 102,265 2,555 2,187 102,556 2,870 2,502 102,870
4 1,000 4,526 3,023 2,839 103,023 3,513 3,329 103,513 4,064 3,879 104,064
5 1,000 5,802 3,756 3,756 103,756 4,498 4,498 104,498 5,366 5,366 105,366
6 1,000 7,142 4,463 4,463 104,464 5,511 5,511 105,512 6,786 6,786 106,786
7 1,000 8,549 5,144 5,144 105,144 6,552 6,552 106,552 8,333 8,333 108,334
8 1,000 10,027 5,797 5,797 105,797 7,620 7,620 107,620 10,022 10,022 110,022
9 1,000 11,578 6,423 6,423 106,424 8,717 8,717 108,717 11,864 11,864 111,865
10 1,000 13,207 7,024 7,024 107,025 9,844 9,844 109,845 13,877 13,877 113,878
11 1,000 14,917 7,618 7,618 107,619 11,029 11,029 111,030 16,115 16,115 116,116
12 1,000 16,713 8,191 8,191 108,192 12,254 12,254 112,254 18,571 18,571 118,571
13 1,000 18,599 8,741 8,741 108,742 13,518 13,518 113,519 21,270 21,270 121,270
14 1,000 20,579 9,269 9,269 109,270 14,823 14,823 114,823 24,236 24,236 124,236
15 1,000 22,657 9,774 9,774 109,775 16,170 16,170 116,171 27,494 27,494 127,494
16 1,000 24,840 10,255 10,255 110,255 17,559 17,559 117,560 31,071 31,071 131,072
17 1,000 27,132 10,711 10,711 110,712 18,992 18,992 118,992 35,001 35,001 135,002
18 1,000 29,539 11,141 11,141 111,141 20,472 20,472 120,472 39,318 39,318 139,318
19 1,000 32,066 11,542 11,542 111,542 21,995 21,995 121,996 44,084 44,084 144,085
20 1,000 34,719 11,915 11,915 111,915 23,563 23,563 123,564 49,324 49,324 149,324
@ 65 1,000 69,761 14,616 14,616 114,617 42,679 42,679 142,679 142,175 142,175 242,175
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
37.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
26
PHL VARIABLE INSURANCE COMPANY PAGE 2 OF 2
FEMALE 35 NEVERSMOKE FACE AMOUNT: $100,000
INITIAL ANNUAL PREMIUM: $1,000
THE PHOENIX EDGE(R) - VUL--A FLEXIBLE PREMIUM VARIABLE UNIVERSAL
LIFE INSURANCE DEATH BENEFIT OPTION 2
ASSUMING GUARANTEED CHARGES
CASH CASH CASH
ASSUMED PREMIUM ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH
PREMIUM ACCUM. VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PAYMENTS @ 5.0% @ 0% @ 0% @ 0% @ 6% @ 6% @ 6% @ 12% @ 12% @ 12%
------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
1 1,000 1,050 651 283 100,651 699 330 100,699 746 378 100,747
2 1,000 2,153 1,430 1,061 101,430 1,570 1,202 101,571 1,717 1,348 101,717
3 1,000 3,310 2,183 1,815 102,184 2,467 2,098 102,467 2,773 2,405 102,774
4 1,000 4,526 2,912 2,727 102,912 3,388 3,204 103,388 3,924 3,740 103,924
5 1,000 5,802 3,613 3,613 103,613 4,333 4,333 104,334 5,175 5,175 105,176
6 1,000 7,142 4,287 4,287 104,287 5,302 5,302 105,302 6,538 6,538 106,538
7 1,000 8,549 4,930 4,930 104,931 6,292 6,292 106,293 8,018 8,018 108,019
8 1,000 10,027 5,544 5,544 105,545 7,306 7,306 107,306 9,629 9,629 109,630
9 1,000 11,578 6,130 6,130 106,130 8,342 8,342 108,343 11,383 11,383 111,384
10 1,000 13,207 6,687 6,687 106,687 9,403 9,403 109,404 13,296 13,296 113,296
11 1,000 14,917 7,214 7,214 107,215 10,489 10,489 110,489 15,381 15,381 115,381
12 1,000 16,713 7,713 7,713 107,714 11,599 11,599 111,600 17,655 17,655 117,655
13 1,000 18,599 8,181 8,181 108,181 12,732 12,732 112,733 20,135 20,135 120,136
14 1,000 20,579 8,616 8,616 108,617 13,888 13,888 113,889 22,840 22,840 122,841
15 1,000 22,657 9,019 9,019 109,020 15,066 15,066 115,067 25,792 25,792 125,792
16 1,000 24,840 9,386 9,386 109,386 16,263 16,263 116,264 29,010 29,010 129,011
17 1,000 27,132 9,715 9,715 109,716 17,478 17,478 117,479 32,521 32,521 132,521
18 1,000 29,539 10,004 10,004 110,005 18,708 18,708 118,708 36,348 36,348 136,349
19 1,000 32,066 10,247 10,247 110,248 19,946 19,946 119,947 40,519 40,519 140,519
20 1,000 34,719 10,444 10,444 110,445 21,193 21,193 121,193 45,065 45,065 145,066
@ 65 1,000 69,761 9,460 9,460 109,461 33,519 33,519 133,520 121,039 121,039 221,040
Based on 0% interest rate and guaranteed charges, the Policy will lapse in year
37.
Death benefit, account value and Cash Surrender Value are based on hypothetical
gross interest rates shown, assume current and guaranteed charges and no Policy
loans or withdrawals, and are calculated at the end of the Policy Year. Assumed
Premium Payments shown are assumed paid in full at the beginning of the Policy
Year. Payment of premiums shown other than in full at the beginning of the
Policy Year would reduce values and benefits below the hypothetical illustrated
amounts shown. Values shown reflect an effective annual asset charge of 0.93%.
Hypothetical gross interest rates are presented for illustrative purposes only
to illustrate funds allocated entirely to the Separate Account and do not in any
way represent actual results or suggest that such results will be achieved in
the future. Actual values will differ from those shown whenever actual
investment results differ from hypothetical gross interest rates illustrated. A
Guaranteed Interest Account providing interest at a minimum guaranteed rate of
3% also is available under this product through the General Account.
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