497 1 d497.htm PHLVIC THE BIG EDGE CHOICE, PHOENIX SPECTRUM EDGE & PHOENIX SPECTRUM EDGE+ PHLVIC The Big Edge Choice, Phoenix Spectrum Edge & Phoenix Spectrum Edge+
Phoenix Life Variable Accumulation Account    Phoenix Life Variable Universal Life Account

Big Edge

  

Flex Edge

The Big Edge Plus®

  

Flex Edge Success®

Group Strategic Edge®

  

Joint Edge®

The Big Edge Choice® for NY

  

Individual Edge®

Phoenix Dimensions®

  

Phoenix Benefit Choice VUL®

  

Phoenix Joint Edge® VUL

PHL Variable Accumulation Account   

The Big Edge Choice®

   PHLVIC Variable Universal Life Account

Phoenix Spectrum Edge®

  

Phoenix Benefit Choice VUL®

Phoenix Spectrum Edge®+

  

Phoenix Joint Edge® VUL

Phoenix Dimensions®

  

Supplement to Prospectuses

This supplement should be read with the prospectuses dated April 29, 2011 for the above variable annuity and variable universal life products.

 

v For all products listed above:

 

  Effective June 2, 2011, Goodwin Capital Advisers, Inc. (“Goodwin”) is no longer the subadvisor to the Virtus Multi-Sector Fixed Income Series and Virtus Strategic Allocation Series. Also effective June 2, 2011, the portfolio managers at Goodwin responsible for the series, along with their support team, became employed by Virtus Investment Advisers, Inc., the series’ investment advisor, thereby continuing management by the current portfolio management team. In addition, effective June 2, 2011, SCM Advisors, LLC, subadvisor to the Virtus Capital Growth Series, changed its name to Newfleet Asset Management, LLC (“Newfleet”). Finally, effective June 17, 2011, Newfleet also became the investment subadvisor for Virtus Multi-Sector Fixed Income Series and Virtus Strategic Allocation Series (fixed income portion only). The existing portfolio managers will continue to manage the series on behalf of Newfleet.

 

  No changes to the series’ principal investment strategies are being made. Also, the fees and expenses paid by the series remain unchanged.

 

  Accordingly, the pertinent sections of Appendix A of the prospectuses are revised to reflect these changes as follows:

 

     
Fund Name   Investment Objective   Investment Advisor/Subadvisor

Virtus Capital Growth Series

  Long-term growth of capital.   Virtus Investment Advisers, Inc. Subadvisor: Newfleet Asset Management, LLC

Virtus Multi-Sector Fixed Income Series

  Long-term total return   Virtus Investment Advisers, Inc. Subadvisor: Newfleet Asset Management, LLC

Virtus Strategic Allocation Series

  High total return over an extended period of time consistent with prudent investment risk   Virtus Investment Advisers, Inc. Subadvisor(s): Newfleet Asset Management, LLC (fixed income portion) Virtus Investment Advisers, Inc. (equity portion)

 

v

For Flex Edge, Flex Edge Success®/Joint Edge® and Individual Edge® only, the paragraph entitled “Franklin Templeton Variable Insurance Products Trust – Class 2” on page one is deleted and replaced with the following:

 

Franklin Templeton Variable Insurance Products Trust – Class 2
  

v  Franklin Income Securities Fund

  

v  Mutual Shares Securities Fund

  

v  Templeton Developing Markets Securities Fund

  

v  Templeton Foreign Securities Fund

  

v  Templeton Growth Securities Fund

 

Dated: July 20, 2011

     Please keep this supplement for future reference.   

 

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