XML 72 R63.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value of Financial Instruments Fair Value of Financial Instruments - Quantitative Estimates for Level 3 Liabilities (Details) (Level 3, USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
EIA/VED Embedded Derivative
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Embedded derivatives $ 166.9phlvic_EmbeddedDerivativesFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
$ 153.9phlvic_EmbeddedDerivativesFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
Fair Value Inputs, CSA Rate 3.19%phlvic_FairValueInputsCSARate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
3.08%phlvic_FairValueInputsCSARate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
GMAB/GMWB Embedded Derivatives
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Embedded derivatives $ 8.2phlvic_EmbeddedDerivativesFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
$ 6.4phlvic_EmbeddedDerivativesFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
Mortality rate 105.00%phlvic_FairValueInputsMortalityRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
105.00%phlvic_FairValueInputsMortalityRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
Fair Value Inputs, CSA Rate 3.19%phlvic_FairValueInputsCSARate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
3.08%phlvic_FairValueInputsCSARate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
Minimum | EIA/VED Embedded Derivative
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Swap curve 0.31%phlvic_FairValueInputsSwapCurve
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
0.24%phlvic_FairValueInputsSwapCurve
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Mortality rate 97.00%phlvic_FairValueInputsMortalityRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
97.00%phlvic_FairValueInputsMortalityRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Lapse rate 0.04%phlvic_FairValueInputsLapseRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
0.04%phlvic_FairValueInputsLapseRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Minimum | GMAB/GMWB Embedded Derivatives
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Swap curve 0.22%phlvic_FairValueInputsSwapCurve
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
0.21%phlvic_FairValueInputsSwapCurve
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Lapse rate 0.00%phlvic_FairValueInputsLapseRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
0.00%phlvic_FairValueInputsLapseRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Volatility surface 8.58%phlvic_FairValueInputsVolatilitySurface
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
9.89%phlvic_FairValueInputsVolatilitySurface
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Maximum | EIA/VED Embedded Derivative
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Swap curve 2.27%phlvic_FairValueInputsSwapCurve
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
2.55%phlvic_FairValueInputsSwapCurve
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Mortality rate 105.00%phlvic_FairValueInputsMortalityRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
105.00%phlvic_FairValueInputsMortalityRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Lapse rate 46.44%phlvic_FairValueInputsLapseRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
46.44%phlvic_FairValueInputsLapseRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_EIAVEDEmbeddedDerivativeMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Maximum | GMAB/GMWB Embedded Derivatives
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Swap curve 2.44%phlvic_FairValueInputsSwapCurve
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
2.76%phlvic_FairValueInputsSwapCurve
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Lapse rate 40.00%phlvic_FairValueInputsLapseRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
40.00%phlvic_FairValueInputsLapseRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Volatility surface 50.72%phlvic_FairValueInputsVolatilitySurface
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
67.34%phlvic_FairValueInputsVolatilitySurface
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= phlvic_GMABGMWBEmbeddedDerivativesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember