NU Online News Service, Dec. 4, 2003, 4:09 p.m. EST – The directors of Phoenix Life Insurance Company, a subsidiary of The Phoenix Companies Inc., Hartford, have voted to maintain the company’s 2003 policy dividend scale for 2004 for all policies in the closed block.[@@]
Phoenix set up the closed block to support dividends for participating, dividend-paying policies and contracts that were in force when the company demutualized in June 2001.