PHOENIX COMPANIES

In 1992, Phoenix Mutual merged with Home Life, creating Phoenix Home Life. On June 20, 2001, the initial public offering of The Phoenix Companies, Inc. closed and the demutualization of Phoenix Home Life Mutual Insurance Company became effective. Phoenix Home Life Mutual Insurance Company was renamed Phoenix Life Insurance Company and became a wholly owned subsidiary of The Phoenix Companies, Inc... The amount paid to each policyholder is based on a number of factors, including length of time the policy has been in force, face value of the policy, and total premiums paid. For many policyholders, the windfall arising from demutualization can be substantial, but millions of missing policyholders and heirs aren't aware they are entitled to receive compensation... Many of the nation's oldest and largest life insurers began as mutual insurance companies. Most - including Prudential, John Hancock, MetLife, Equitable, Principal and Mutual of New York - have since demutualized. Mutual life..

Also known as: Phoenix Life Insurance Company, The Phoenix Companies, Inc.