NU Online News Service, March 21, 2005, 4:11 p.m. EST

A Hartford insurer is lowering mortality and expense charges for purchasers of one of its top-selling variable-universal life policies.[@@]

The insurer, The Phoenix Companies Inc., says it will be lowering rates for many risk classes for purchasers of its Phoenix Edge VUL product as well as cutting M&E charges.

The M&E charges will fall for customers who choose a long-term performance option at purchase, Phoenix says.

Phoenix also is lowering rates for an optional term rider that offers annually renewable term coverage to age 100, the company says.

Phoenix writes the Phoenix Edge VUL policies through its PHL Variable Insurance Company unit.