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Deferred Policy Acquisition Costs (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Deferred Policy Acquisition Costs:    
Balance, end of period $ 430.9us-gaap_DeferredPolicyAcquisitionCosts $ 470.1us-gaap_DeferredPolicyAcquisitionCosts
Policy acquisition costs deferred 24.9us-gaap_DeferredPolicyAcquisitionCostsAndPresentValueOfFutureProfitsAdditions 16.9us-gaap_DeferredPolicyAcquisitionCostsAndPresentValueOfFutureProfitsAdditions
Costs amortized to expenses:    
Recurring costs (15.3)phlvic_DeferredPolicyAcquisitionCostRecurringCosts (27.6)phlvic_DeferredPolicyAcquisitionCostRecurringCosts
Assumption unlocking (4.0)phlvic_DeferredPolicyAcquisitionCostsAssumptionUnlocking 0phlvic_DeferredPolicyAcquisitionCostsAssumptionUnlocking
Realized investment gains (losses) 3.8us-gaap_DeferredPolicyAcquisitionCostAmortizationExpenseNetInvestmentGainsLosses 10.9us-gaap_DeferredPolicyAcquisitionCostAmortizationExpenseNetInvestmentGainsLosses
Offsets to net unrealized investment gains or losses included in AOCI (1) (17.3)us-gaap_DeferredPolicyAcquisitionCostAmortizationExpenseUnrealizedInvestmentGainsLosses (15.5)us-gaap_DeferredPolicyAcquisitionCostAmortizationExpenseUnrealizedInvestmentGainsLosses
Balance, end of period $ 423.0us-gaap_DeferredPolicyAcquisitionCosts $ 454.8us-gaap_DeferredPolicyAcquisitionCosts