Common use of Phoenix Clause in Contracts

Phoenix. owner: John Doe 35 Male: Age ▇▇▇ ▇▇▇ Contract Number: 13000000 August 1, 2001: Contract Date Initial Premium: $10,000 August 1, 2036: Maturity Date Dear Contract Owner: Thank You for purchasing this annuity contract from Phoenix Life Insurance Company. We agree to pay the benefits of this contract in accordance with its provisions. RIGHT TO RETURN THIS CONTRACT. IT IS IMPORTANT TO US THAT YOU ARE SATISFIED WITH YOUR CONTRACT AND THAT IT MEETS YOUR FINANCIAL GOALS. IF FOR ANY REASON YOU ARE NOT SATISFIED WITH THIS CONTRACT, YOU MAY RETURN IT WITHIN 10 DAYS AFTER WE DELIVER IT TO YOU FOR A REFUND OF THE CONTRACT VALUE PLUS ANY CHARGES MADE UNDER THIS CONTRACT AS OF THE DATE OF CANCELLATION. YOU MAY RETURN IT TO EITHER THE AGENT THROUGH WHOM IT WAS PURCHASED OR TO US AT THE FOLLOWING ADDRESS: Phoenix Life Insurance Company Annuity Operations Division P.O. Box 8027 Boston, MA 02266-8027 Telephone (800) 541-0171 This contract prov▇▇▇▇ ▇▇▇ ▇ ▇▇▇ies of annuity payments. The annuity payments will be based on the Contract Value on the Maturity Date and the annuity payment option rates stated herein. In addition, for Variable Payment Options, the amount of annuity payments will vary with the investment experience of the Subaccounts within the Separate Account during the annuity payout period. The Contract Value will depend on the rate of interest credited to the Guaranteed Interest Account and the investment experience of the Subaccounts. Signed for Phoenix Life Insurance Company at its Home Office, Hartford, Connecticut. PHOENIX LIFE INSURANCE COMPANY /S/Robert W. Fiondella ---------------------------- ------------------------------------- Registrar Chairperson of the Board and Chief Executive Officer FLEXIBLE PREMIUM VARIABLE ACCUMULATION DEFERRED ANNUITY ALL VALUES AND BENEFITS BASED ON THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS OF THE SEPARATE ACCOUNT MAY INCREASE OR DECREASE AND ARE VARIABLE AND NOT GUARANTEED AS TO DOLLAR AMOUNT. SEE PART 7 FOR A DESCRIPTION OF HOW THE CONTRACT VALUES ARE DETERMINED, PART 9 FOR A DESCRIPTION OF HOW THE DEATH BENEFITS ARE DETERMINED, AND PART 10 FOR A DESCRIPTION OF HOW ANNUITY PAYMENTS ARE DETERMINED. NONPARTICIPATING SCHEDULE PAGE

Phoenix. ownerPrimary Annuitant: John Doe 35 Male: Age ▇▇▇▇ ▇▇▇ 35 Male :Age and Sex Contract Number: 13000000 August 1December 12, 2001: 1994 :Contract Date Initial Premium: $10,000 August 10,000.00 July 1, 2036: 2029 :Maturity Date Dear Contract Owner: Thank You for purchasing this annuity contract from Phoenix Home Life Mutual Insurance Company. We agree to pay the benefits of this contract in accordance with its provisions. RIGHT TO RETURN THIS CONTRACT. IT IS IMPORTANT TO US THAT YOU ARE SATISFIED WITH YOUR CONTRACT AND THAT IT MEETS YOUR FINANCIAL GOALS. IF FOR ANY REASON YOU ARE NOT SATISFIED WITH THIS CONTRACT, YOU MAY RETURN IT WITHIN 10 DAYS AFTER WE DELIVER IT TO YOU FOR A REFUND OF THE CONTRACT VALUE PLUS ANY CHARGES MADE UNDER THIS CONTRACT AS OF THE DATE OF CANCELLATIONCONTRACT. YOU MAY RETURN IT TO EITHER THE AGENT THROUGH WHOM IT WAS PURCHASED OR TO US AT THE FOLLOWING ADDRESS: Phoenix Home Life Mutual Insurance Company Annuity Variable Products Mail Operations Division P.O. Box 8027 Boston, MA 02266-8027 Telephone (800▇▇▇) 541▇▇▇-0171 This contract prov▇▇▇▇ ▇▇▇ ▇ ▇▇▇ies WE WILL DETERMINE THE CONTRACT VALUE AS OF THE NEAREST VALUATION DATE FOLLOWING RECEIPT OF THE RETURNED CONTRACT AT OUR VARIABLE PRODUCTS MAIL OPERATIONS. This contract provides for a series of annuity payments. The annuity payments will be based on the Contract Value on the Maturity Date and Date, the annuity payment option purchase rates stated herein. In addition, and the investment experience of the Subaccounts during the annuity payout period, and for Variable Payment Options, variable payout options the amount of annuity payments income will vary with the investment experience of the Subaccounts within the Separate Account during the annuity payout periodAccount. The Contract Value will depend on the rate of interest credited to the Guaranteed Interest Account and the investment experience of the Subaccounts. Signed for Phoenix Home Life Mutual Insurance Company at its Home Office, Hartford▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇, Connecticut▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. PHOENIX LIFE Sincerely yours, Phoenix Home Life Mutual INSURANCE COMPANY /S/Robert W. Fiondella ---------------------------- ------------------------------------- Registrar Chairperson of the Board and /s/▇▇▇▇▇ ▇▇▇▇▇▇▇ /s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Secretary Chief Executive Officer Registrar FLEXIBLE PREMIUM VARIABLE ACCUMULATION DEFERRED ANNUITY ALL VALUES AND BENEFITS BASED ON THE INVESTMENT EXPERIENCE OF THE SUBACCOUNTS OF THE SEPARATE ACCOUNT MAY INCREASE OR DECREASE AND ARE VARIABLE AND NOT GUARANTEED AS TO DOLLAR AMOUNT. SEE PART 7 FOR A DESCRIPTION OF HOW THE CONTRACT VALUES ARE DETERMINED, PART 9 FOR A DESCRIPTION OF HOW THE DEATH BENEFITS ARE DETERMINED, AND PART 10 FOR A DESCRIPTION OF HOW ANNUITY VARIABLE INCOME PAYMENTS ARE DETERMINED. NONPARTICIPATING NOT ELIGIBLE FOR ANNUAL DIVIDENDS D602 NY SCHEDULE PAGE