Common use of PREMIUM PAYMENTS AND ALLOCATION Clause in Contracts

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. The initial premium payment is due on the Contract Date. The amount applied to this contract will be the premium payments received, minus a deduction for any applicable tax including premium tax where applicable. Premium payments are payable at our Annuity Operations Division, but the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations Division. No benefit associated with any such premium payment will be provided until it is actually received by us at our Annuity Operations Division. Premium payments are subject to the following conditions: (a) Each premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Account, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No premium payments may be made to this contract after the 85th birthday of either the Owner or Annuitant. (h) Premium payments may be made to this contract only prior to the Maturity Date. Upon request we will consider waiving any of the above conditions.

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. PREMIUM PAYMENTS The initial premium payment is due on the Contract DateDate and must at least equal $1,000 unless We agree otherwise. The amount applied to this contract will Annuitant must be alive when the initial premium payment is made. Thereafter, the premium payments received, minus a deduction for any applicable tax including payment amount and intervals are as shown on the Schedule Page unless later changed as described below. All premium tax where applicable. Premium payments are payable at our Annuity Operations DivisionVPMO, but except that the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations DivisionVPMO. No benefit associated with any such premium payment will be provided until it is actually received by us Us at our Annuity Operations DivisionVPMO. Premium payments are subject to You may vary the following conditions: (a) Each amount and interval for subsequent premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Accountpayments, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No and additional premium payments may be made to this contract after within the 85th birthday of either the Owner or Annuitantfollowing limits: a. Each premium payment must at least equal $25. (h) Premium b. No more than $1,000,000 in total premium payments may be paid on this contract, unless We agree otherwise. c. The premium payment intervals may be unscheduled or changed to monthly, quarterly, semi-annual, annual, or any other arrangement agreed to by Us. d. Additional premium payments may only be made to this contract only while an Annuitant is living, prior to the Maturity Date. Upon request we We reserve the right to waive the limits in a & b above. PREMIUM The premium payment will consider waiving any be applied on its PAYMENT ALLOCATION Premium Payment Date to the various Subaccounts and the Guaranteed Interest Account in accordance with Your instructions for the allocation of premium payments. You may change the allocation schedule with respect to subsequent premium payments by written or telephone request. We reserve the right to waive the requirement of written notice. D602 7 ACCUMULATION UNITS The number of Accumulation Units credited to each Subaccount of the above conditionsSeparate Account will be determined by dividing the premium payment applied to that Subaccount by the Accumulation Unit Value of that Subaccount on the Premium Payment Date. The amount deposited to the Guaranteed Interest Account will equal the amount of any premium payment applied on the Premium Payment Date. ADDITIONAL SUBACCOUNTS We have the right to add Subaccounts of the Separate Account subject to approval by the Securities and Exchange Commission and, where required, other regulatory authority. We further reserve the right to add other Guaranteed Interest Accounts.

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. PREMIUM PAYMENTS The initial premium payment is due on the Contract DateDate and must at least equal $10,000 for non-tax qualified plans or $2,000 for qualified individual retirement annuity plans unless We agree otherwise. The amount applied to this contract will Annuitant must be alive when the initial premium payment is made. Thereafter, the premium payments received, minus a deduction for any applicable tax including payment amount and intervals are as shown on the Schedule Page unless later changed as described below. All premium tax where applicable. Premium payments are payable at our Annuity Operations DivisionVAO, but except that the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations DivisionVAO. No benefit associated with any such premium payment will be provided until it is actually received by us Us at our Annuity Operations DivisionVAO. Premium payments are subject to You may vary the following conditions: (a) Each amount and interval for subsequent premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Accountpayments, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No and additional premium payments may be made to this contract after within the 85th birthday of either the Owner following limits: D604 7 a. Each premium payment must at least equal $500 for non-tax qualified plans or Annuitant$100 for qualified individual retirement annuity plans. (h) Premium b. No more than $1,000,000 in total premium payments may be paid on this contract, unless We agree otherwise. c. The premium payment intervals may be unscheduled or changed to monthly, quarterly, semi-annual, annual, or any other arrangement agreed to by Us. d. Additional premium payments may only be made to this contract only while an Annuitant is living, prior to the Maturity Date. Upon request we We reserve the right to waive the limits in a & b above. PREMIUM The premium payment and Bonus Payment will consider waiving any be PAYMENT ALLOCATION applied on its Premium Payment Date to the various Subaccounts and the Guaranteed Interest Account in accordance with Your instructions for the allocation of premium payments. You may change the allocation schedule with respect to subsequent premium payments by telephone or written request. We reserve the right to waive the requirement of written notice. ACCUMULATION UNITS The number of Accumulation Units credited to each Subaccount of the above conditionsSeparate Account will be determined by dividing the premium payment and Bonus Payment applied to that Subaccount by the Accumulation Unit Value of that Subaccount on the Premium Payment Date. The amount deposited to the Guaranteed Interest Account will equal the amount of any premium payment and Bonus Payment applied on the Premium Payment Date. ADDITIONAL SUBACCOUNTS We have the right to add Subaccounts of the Separate Account subject to approval by the Securities and Exchange Commission and, where required, other regulatory authority. We further reserve the right to add other Guaranteed Interest Accounts.

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. PREMIUM PAYMENTS The initial premium payment is due on the Contract DateDate and must at least equal $20,000 unless We agree otherwise. The amount applied to this contract will Annuitant must be alive when the initial premium payment is made. Thereafter, the premium payments received, minus a deduction for any applicable tax including payment amount and intervals are as shown on the Schedule Page unless later changed as described below. All premium tax where applicable. Premium payments are payable at our Annuity Operations DivisionVPMO, but except that the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations DivisionVPMO. No benefit associated with any such premium payment will be provided until it is actually received by us Us at our Annuity Operations DivisionVPMO. Premium payments are subject to You may vary the following conditions: (a) Each amount and interval for subsequent premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Accountpayments, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No and additional premium payments may be made to this contract after within the 85th birthday of either the Owner or Annuitantfollowing limits: a. Each premium payment must at least equal $500. (h) Premium b. No more than $1,000,000 in total premium payments may be paid on this contract, unless We agree otherwise. c. The premium payment intervals may be unscheduled or changed to monthly, quarterly, semi-annual, annual, or any other arrangement agreed to by Us. d. Additional premium payments may only be made to this contract only while an Annuitant is living, prior to the Maturity Date. Upon request we We reserve the right to waive the limits in a & b above. PREMIUM The premium payment will consider waiving any be applied on its PAYMENT ALLOCATION Premium Payment Date to the various Subaccounts and the Guaranteed Interest Account in accordance with Your instructions for the allocation of premium payments. You may change the allocation schedule with respect to subsequent premium payments by written or telephone request. We reserve the right to waive the requirement of written notice. ACCUMULATION UNITS The number of Accumulation Units credited to each Subaccount of the above conditionsSeparate Account will be determined by dividing the premium payment applied to that Subaccount by the Accumulation Unit Value of that Subaccount on the Premium Payment Date. The amount deposited to the Guaranteed Interest Account will equal the amount of any premium payment applied on the Premium Payment Date.

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. PREMIUM PAYMENTS The initial premium payment is due on the Contract Date. The amount applied to this contract will be the Thereafter, subsequent premium payments received, minus a deduction for any applicable tax including may be made as described below. All premium tax where applicable. Premium payments are payable at our Annuity Operations DivisionOur annuity operations division, but except that the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations DivisionOur annuity operations division. No benefit associated with any such premium payment will be provided until it the premium payment is actually received by us Us at our Annuity Operations DivisionOur annuity operations division. Premium payments are subject to You may vary the following conditions: (a) Each amount and interval for subsequent premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Account, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No payments. Subsequent premium payments may be made to this contract after within the 85th birthday of either the Owner or Annuitantfollowing limits: 1. Each subsequent premium payment must at least equal $500. (h) Premium 2. No more than $1,000,000 in total premium payments may be paid on this contract, unless We agree otherwise. 3. The premium payment intervals may be unscheduled or changed to monthly, quarterly, semi-annual, annual, or any other arrangement agreed to by Us. 4. Subsequent premium payments may only be made to this contract only prior to the Maturity Date. Upon request We reserve the right to waive the limits in 1 and 2 above. PREMIUM PAYMENT ALLOCATION The premium payment will be applied on its Premium Payment Date to the various Subaccounts in accordance with Your instructions for the allocation of premium payments. You may change the allocation of premium payments with respect to subsequent premium payments by Written Request. We reserve the right to waive the requirement of Written Request. D615 5 SEPARATE ACCOUNT AND SUBACCOUNTS The Phoenix Life Variable Accumulation Account (Separate Account) is a separate account established by Our company under New York Law and registered as a unit investment trust under the Investment Company Act of 1940. The Separate Account contains various Subaccounts that have different investment objectives. All income, gains and losses, realized and unrealized, of the Separate Account are credited to or charged against the amounts placed in the Separate Account without reference to other income, gains and losses of Our General Account. The assets of the Separate Account are owned solely by Us and We are not a trustee with respect to such assets. These assets are not chargeable with liabilities arising out of any other business that We may conduct. We use the assets of the Separate Account to buy shares of the funds of this contract according to Your most recent allocation instruction on file with Us at Our annuity operations division. The fund(s) are registered under the Investment Company Act of 1940 as an open-end, management investment company. The funds have separate series that correspond to the Subaccounts of the Separate Account. Assets of each Subaccount are invested in shares of the corresponding fund series. ACCUMULATION UNITS The number of Accumulation Units credited to each Subaccount of the Separate Account will be determined by dividing the premium payment applied to that Subaccount by the Accumulation Unit Value of that Subaccount on the Premium Payment Date. ADDITIONAL SUBACCOUNTS We have the right to add Subaccounts of the Separate Account subject to approval by the Securities and Exchange Commission and, where required, other regulatory authorities. SUBSTITUTION OF SUBACCOUNTS Should shares of the funds of this contract become unavailable for investment by the Separate Account, or We deem further investment in these shares inappropriate, We may limit further purchase of such shares or may substitute shares of another fund for shares already purchased under this contract. As may be required, we will consider waiving any seek approval by the Securities and Exchange Commission and by the insurance supervisory official of the above conditionsstate where this contract is delivered.

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. PREMIUM PAYMENTS The initial premium payment is due on the Contract Date. The amount applied to this contract will be the Thereafter, subsequent premium payments received, minus a deduction for any applicable tax including may be made as described below. All premium tax where applicable. Premium payments are payable at our Annuity Operations DivisionOur annuity operations division, but except that the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations DivisionOur annuity operations division. No benefit associated with any such premium payment will be provided until it the premium payment is actually received by us Us at our Annuity Operations DivisionOur annuity operations division. Premium payments are subject to You may vary the following conditions: (a) Each amount and interval for subsequent premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Account, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No payments. Subsequent premium payments may be made to this contract after within the 85th birthday of either the Owner or Annuitantfollowing limits: 1. Each subsequent premium payment must at least equal $500. (h) Premium 2. No more than $1,000,000 in total premium payments may be paid on this contract, unless We agree otherwise. 3. The premium payment intervals may be unscheduled or changed to monthly, quarterly, semi-annual, annual, or any other arrangement agreed to by Us. 4. Subsequent premium payments may only be made to this contract only prior to the Maturity Date. Upon request We reserve the right to waive the limits in 1 and 2 above. PREMIUM PAYMENT ALLOCATION The premium payment will be applied on its Premium Payment Date to the various Subaccounts in accordance with Your instructions for the allocation of premium payments. You may change the allocation of premium payments with respect to subsequent premium payments by Written Request. We reserve the right to waive the requirement of Written Request. SEPARATE ACCOUNT AND SUBACCOUNTS The PHL Variable Accumulation Account (Separate Account) is a separate account established by Our company under Connecticut Law and registered as a unit investment trust under the Investment Company Act of 1940. The Separate Account contains various Subaccounts that have different investment objectives. All income, gains and losses, realized and unrealized, of the Separate Account are credited to or charged against the amounts placed in the Separate Account without reference to other income, gains and losses of Our General Account. The assets of the Separate Account are owned solely by Us and We are not a trustee with respect to such assets. These assets are not chargeable with liabilities arising out of any other business that We may conduct. We use the assets of the Separate Account to buy shares of the funds of this contract according to Your most recent allocation instruction on file with Us at Our annuity operations division. The fund(s) are registered under the Investment Company Act of 1940 as an open-end, management investment company. The funds have separate series that correspond to the Subaccounts of the Separate Account. Assets of each Subaccount are invested in shares of the corresponding fund series. ACCUMULATION UNITS The number of Accumulation Units credited to each Subaccount of the Separate Account will be determined by dividing the premium payment applied to that Subaccount by the Accumulation Unit Value of that Subaccount on the Premium Payment Date. ADDITIONAL SUBACCOUNTS We have the right to add Subaccounts of the Separate Account subject to approval by the Securities and Exchange Commission and, where required, other regulatory authorities. SUBSTITUTION OF SUBACCOUNTS Should shares of the funds of this contract become unavailable for investment by the Separate Account, or We deem further investment in these shares inappropriate, We may limit further purchase of such shares or may substitute shares of another fund for shares already purchased under this contract. As may be required, we will consider waiving any seek approval by the Securities and Exchange Commission and by the insurance supervisory official of the above conditionsstate where this contract is delivered.

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. The initial premium payment is due on the Contract Date. The amount applied to this contract will be the premium payments received, minus a deduction for any applicable tax including premium tax where applicable. Premium payments are payable at our Annuity Operations Division, but the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations Division. No benefit associated with any such premium payment will be provided until it is actually [16] NY received by us at our Annuity Operations Division. Premium payments are subject to the following conditions: (a) Each premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract contract, including the Guaranteed Interest Account, in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Account, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No premium payments may be made to this contract after the 85th birthday of either the any Owner or Annuitant. (hg) Premium payments may be made to this contract only prior to the Maturity Date. Upon request we will consider waiving any of the above conditions. Any waiver will be applied in a non-discriminatory manner.

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. PREMIUM PAYMENTS The initial premium payment is due on the Contract DateDate and may not be less than $5,000 for non-tax qualified plans or $3,500 for qualified plans. The amount applied to this contract will be the Thereafter, subsequent premium payments received, minus a deduction for any applicable tax including may be made as described below. All premium tax where applicable. Premium payments are payable at our Annuity Operations DivisionOur annuity operations division, but except that the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations DivisionOur annuity operations division. No benefit associated with any such premium payment will be provided until it the premium payment is actually received by us Us at our Annuity Operations DivisionOur annuity operations division. Premium payments are subject to You may vary the following conditions: (a) Each amount and interval for subsequent premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Account, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No payments. Subsequent premium payments may be made to this contract after within the 85th birthday of either the Owner or Annuitantfollowing limits: 1. Each subsequent premium payment must at least equal $100. (h) Premium 2. No more than $1,000,000 in total premium payments may be paid on this contract, unless We agree otherwise. 3. The premium payment intervals may be unscheduled or changed to monthly, quarterly, semi-annual, annual, or any other arrangement agreed to by Us. 4. Subsequent premium payments may only be made to this contract only prior to the Maturity Date. Upon request we We reserve the right to waive the limits in 1 and 2 above. PREMIUM PAYMENT ALLOCATION The premium payment will consider waiving any be applied on its Premium Payment Date to the various Subaccounts and the Guaranteed Interest Account in accordance with Your instructions for the allocation of premium payments. Allocations to the Guaranteed Interest Account are limited to a Maximum Guaranteed Interest Account Percentage of each premium payment. The Maximum Guaranteed Interest Account Percentage is shown on the Schedule Page. You may change the allocation schedule with respect to subsequent premium payments by Written Request. We reserve the right to waive the requirement of Written Request. SEPARATE ACCOUNT AND SUBACCOUNTS The PHL Variable Accumulation Account (Separate Account) is a separate account established by Our company under Connecticut Law and is registered as a unit investment trust under the Investment Company Act of 1940. The Separate Account contains various Subaccounts that have different investment objectives. All income, gains and losses, realized and unrealized, of the above conditionsSeparate Account are credited to or charged against the amounts placed in the Separate Account without reference to other income, gains and losses of Our General Account. The assets of the Separate Account are owned solely by Us and We are not a trustee with respect to such assets. These assets are not chargeable with liabilities arising out of any other business that We may conduct. We use the assets of the Separate Account to buy shares of the Fund(s) of this contract according to Your most recent allocation instruction on file with Us at Our annuity operations division. The fund(s) are registered under the Investment Company Act of 1940 as an open-end, management investment company. The fund(s) have separate series that correspond to the Subaccounts of the Separate Account. Assets of each Subaccount are invested in shares of the corresponding fund series.

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. PREMIUM PAYMENTS The initial premium payment is due on the Contract DateDate and must at least equal $1,000 unless We agree otherwise. The amount applied to this contract will Annuitant must be alive when the initial premium payment is made. Thereafter, the premium payments received, minus a deduction for any applicable tax including payment amount and intervals are as shown on the Schedule Page unless later changed as described below. All premium tax where applicable. Premium payments are payable at our Annuity Operations DivisionVPMO, but except that the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations DivisionVPMO. No benefit associated with any such premium payment will be provided until it is actually received by us Us at our Annuity Operations DivisionVPMO. Premium payments are subject to You may vary the following conditions: (a) Each amount and interval for subsequent premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Accountpayments, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No and additional premium payments may be made to this contract after within the 85th birthday of either the Owner or Annuitantfollowing limits: a. Each premium payment must at least equal $25. (h) Premium b. No more than $1,000,000 in total premium payments may be paid on this contract, unless We agree otherwise. c. The premium payment intervals may be unscheduled or changed to monthly, quarterly, semi-annual, annual, or any other arrangement agreed to by Us. d. Additional premium payments may only be made to this contract only while an Annuitant is living, prior to the Maturity Date. Upon request we We reserve the right to waive the limits in a & b above. PREMIUM The premium payment will consider waiving any be applied on its PAYMENT ALLOCATION Premium Payment Date to the various Subaccounts and the Guaranteed Interest Account in accordance with Your instructions for the allocation of premium payments. You may change the allocation schedule with respect to subsequent premium payments by written request. We reserve the right to waive the requirement of written notice. ACCUMULATION UNITS The number of Accumulation Units credited to each Subaccount of the above conditionsSeparate Account will be determined by dividing the premium payment applied to that Subaccount by the Accumulation Unit Value of that Subaccount on the Premium Payment Date. The amount deposited to the Guaranteed Interest Account will equal the amount of any premium payment applied on the Premium Payment Date. ADDITIONAL SUBACCOUNTS We have the right to add Subaccounts of the Separate Account subject to approval by the Securities and Exchange Commission and, where required, other regulatory authority. We further reserve the right to add other Guaranteed Interest Accounts.

PREMIUM PAYMENTS AND ALLOCATION. Premium This contract will begin in effect on the Contract Date provided the initial premium payment is received by us and the Owner is alive. PREMIUM PAYMENTS The initial premium payment is due on the Contract DateDate and may not be less than $5,000 for non-tax qualified plans or $3,500 for qualified plans. The amount applied to this contract will be the Thereafter, subsequent premium payments received, minus a deduction for any applicable tax including may be made as described below. All premium tax where applicable. Premium payments are payable at our Annuity Operations DivisionOur annuity operations division, but except that the initial premium payment may be given to an authorized agent for forwarding to our Annuity Operations DivisionOur annuity operations division. No benefit associated with any such premium payment will be provided until it the premium payment is actually received by us Us at our Annuity Operations DivisionOur annuity operations division. Premium payments are subject to You may vary the following conditions: (a) Each amount and interval for subsequent premium payment must be at least equal to the Minimum Premium Payment shown in the schedule pages. (b) The maximum premium that may be deposited to this contract in any Contract Year is the Maximum Premium Payment shown in the schedule pages. (c) The aggregate of all premium payments paid while the contract is in force may not exceed the Maximum Aggregate Premium Payment shown in the schedule pages. (d) The maximum premium that may be deposited in any Investment Option in any Contract Year is the Maximum Premium Payment less any amount previously transferred to such Investment Option in such year. (e) The maximum premium that may be deposited in the Guaranteed Interest Account, if available, is equal to the Maximum Guaranteed Interest Percentage of the Maximum Premium Payment, but not to exceed the GIA Payment Limit, if any, as shown in the schedule pages. (f) No premium payments may be deposited to the Guaranteed Interest Account, if available, after the end of the tenth Contract Year. (g) No payments. Subsequent premium payments may be made to this contract after within the 85th birthday of either the Owner or Annuitantfollowing limits: 1. Each subsequent premium payment must at least equal $100. (h) Premium 2. No more than $1,000,000 in total premium payments may be paid on this contract, unless We agree otherwise. 3. The premium payment intervals may be unscheduled or changed to monthly, quarterly, semi-annual, annual, or any other arrangement agreed to by Us. 4. Subsequent premium payments may only be made to this contract only prior to the Maturity Date. Upon request we We reserve the right to waive the limits in 1 and 2 above. PREMIUM PAYMENT ALLOCATION The premium payment will consider waiving any be applied on its Premium Payment Date to the various Subaccounts and the Guaranteed Interest Account in accordance with Your instructions for the allocation of premium payments. Allocations to the Guaranteed Interest Account are limited to a Maximum Guaranteed Interest Account Percentage of each premium payment. The Maximum Guaranteed Interest Account Percentage is shown on the Schedule Page. You may change the allocation schedule with respect to subsequent premium payments by Written Request. We reserve the right to waive the requirement of Written Request. SEPARATE ACCOUNT AND SUBACCOUNTS The Phoenix Life Variable Accumulation Account (Separate Account) is a separate account established by Our company under Connecticut Law and is registered as a unit investment trust under the Investment Company Act of 1940. The Separate Account contains various Subaccounts that have different investment objectives. All income, gains and losses, realized and unrealized, of the above conditionsSeparate Account are credited to or charged against the amounts placed in the Separate Account without reference to other income, gains and losses of Our General Account. The assets of the Separate Account are owned solely by Us and We are not a trustee with respect to such assets. These assets are not chargeable with liabilities arising out of any other business that We may conduct. We use the assets of the Separate Account to buy shares of the Fund(s) of this contract according to Your most recent allocation instruction on file with Us at Our annuity operations division. The fund(s) are registered under the Investment Company Act of 1940 as an open-end, management investment company. The fund(s) have separate series that correspond to the Subaccounts of the Separate Account. Assets of each Subaccount are invested in shares of the corresponding fund series.