Legacy Launches New Fixed Indexed Annuity Series

Newest offering features robust bonus, income rider, and interest crediting options

Petaluma, CA, July 18, 2011—Legacy Marketing Group^® has launched its newest fixed indexed annuity series, the highly anticipated CommandMark^SM. The new 10-year declining surrender charge annuity, which is designed and marketed by Legacy Marketing Group^® and issued by PHL Variable Insurance Company, features high vesting bonus options up to 12%, innovative index crediting strategies, and an optional income rider with an 8% income base roll-up. In addition, CommandMark^SM provides clients the ability to access up to 10% of premium in penalty-free withdrawals each year after the first.

The CommandMark^SM 12 annuity offers a distinctive 12% vesting premium bonus. Because 100% of the bonus starts earning interest immediately, this feature allows clients to jump-start and compound earnings. The vesting of the bonus and associated earnings begin after contract Year 5 and become fully vested in Year 15. 8% and 5% vesting bonus options are also available with shorter vesting schedules, and non-bonus products are also available. Product availability varies by state.

Another distinctive feature of the CommandMark^SM Series is its creative assortment of crediting rate strategies. Clients can choose among one fixed rate strategy and four indexed options, including the highly sought-after Gold Strategy, which is based on the price of gold rather than an equity index, and the groundbreaking Rising Interest Strategy, which is based on the U.S. 10-Year Swap Rate. The Monthly Averaging Blended Strategy, which weighs the three-year performance of each of three indices, including an international index, is expected to be a strong crediting rate option in today’s market.

“We are proud to be on the cutting edge of fixed indexed annuity design,” said Preston Pitts, Legacy’s President. “The Rising Interest and Gold strategies offer clients built-in strategic diversification unlike any other fixed annuity on the market. When you combine those strategies with high bonus options, an 8% compound income rider roll-up, and generous liquidity, CommandMark^SM is a powerhouse product for Producers and consumers.”

CommandMark^SM annuities are available exclusively through Legacy-contracted Producers in 25 states.

About Legacy Marketing Group^®
Legacy Marketing Group^® partners with respected insurance companies to design and market innovative products for the U.S. fixed annuity market. These products are sold exclusively through Legacy’s nationwide network of independent insurance agents.

Media Contact:
Legacy Marketing Group^®
Gretchen Barry, Communications Director, 800-395-1053, Ext. 6801
[email protected]

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

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

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

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

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

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

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

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