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Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

Late Filings

On October 21, 2014, we filed our Quarterly Report on Form 10-Q for the period ended March 31, 2014 with the SEC.

On November 7, 2014, we filed our Quarterly Report on Form 10-Q for the period ended June 30, 2014 with the SEC.

On November 7, 2014, we filed a Notification of Late Filing on Form 12b-25 with the SEC disclosing that we would be unable to timely file our Quarterly Report on Form 10-Q for the period ended September 30, 2014 with the SEC.

Rating Agency Actions

On October 1, 2014, A.M. Best affirmed its financial strength ratings of B (Fair) and issuer credit ratings of “bb+” for Phoenix Life and PHL Variable. They also affirmed the issuer credit ratings and senior debt ratings of “b” of Phoenix. The financial strength ratings continue to have a stable outlook and the issuer credit ratings retain a negative outlook.

SEC Cease-and-Desist Order

See Note 13 to these interim unaudited financial statements for additional information regarding the SEC Cease-and-Desist Order, as amended.