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Example for a male age 49 in the standard nonsmoker class.

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We would charge $0.18540 per $1,000 of amount at risk2 per month. We will increase this charge as he ages.

Mortality and Expense Risk Charge3

On each Monthly Calculation Day.

0.50%, on an annual basis, of average daily net assets of investments in the investment options.

Other Tax Charges

When we become liable for taxes.

We currently do not charge for taxes, however we reserve the right to impose a charge should we become liable for taxes in the future. Possible taxes would include state or federal income taxes on investment gains of the Separate Account and would be included in our calculation of investment option values.

Loan Interest Rate Charged4

Interest accrues daily and is due on each policy anniversary. If not paid on that date, we will treat the accrued interest as another loan against the policy.

The net cost to the policy value is 0.75% of the loan balance on an annual basis.

Optiona

l Insurance Benefits

Charge Cost of Insurance1

Minimum and Maximum Charges

Periodic Charges Other than Fund Operating Expenses

....................................

$0.02 - $83.33 per $1,000 of amount at risk2 each month.

When Deducted

On each Monthly Calculation Day.

Maximum Amount Deducted

Minimum Face Amount Rider

On each Monthly Calculation Day only to the extent the rider increases the amount at risk2.

There is no separate charge for the rider, but there is a possible increase in the Cost of Insurance, since the rider could potentially increase the amount at risk2.

Minimum and Maximum Charges

....................................

$0.02 - $83.33 per $1,000 of the increase in the amount at risk2 over cost of insurance for a policy without the rider, each month.

Example for a male age 49 in the standard nonsmoker class.

....................................

We would charge $0.18540 per $1,000 of the increase amount at risk2 over cost of insurance for a policy without the rider, each month.

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Cost of insurance charges will vary according to age, gender, premium class, policy year, net amount at risk, and face amount. The cost of insurance charges shown in the table may not be typical of the charges you will pay. Your policy’s specifications page will indicate the guaranteed cost of insurance applicable to your policy. More detailed information concerning your cost of insurance is available upon request. Before you purchase the policy, we will provide you personalized illustrations of your future benefits under the policy based upon the age and premium class of the person you wish to insure, the death benefit option, face amount, planned periodic premiums, and riders requested. “See Charges and Deductions.” The amount at risk at any given time is the difference between the total death benefit we would pay and the policy value. See “ Charges and Deductions.” We do not deduct this charge from investments in the Guaranteed Interest Account. See “Charges and Deductions.” The net cost to the policy is the difference between the 8% rate we charge the outstanding loan and the 7.25% rate that we credit the equal amount transferred to the loaned portion of the Guaranteed Interest Account. See “Policy Loans.”

The table below shows the minimum and maximum fees and expenses as a percentage of daily net assets, for the year ended December 31, 2007, charged by the funds that you may pay indirectly during the time that you own the contract. More detail concerning each of the fund’s fees and expenses is contained in the prospectus for each fund. Total Annual Fund Operating Expenses are deducted from a fund’s assets and include management fees, distribution fees, distribution and/or 12b-1 fees, and other expenses.

Total Annual Fund Operating Expenses

Gross Annual Fund Operating Expense Net Annual Fund Operating Expenses

Minimum

Maximum

0.31%

3.83%

0.28%

3.83%

1

Phoenix Variable Advisors, Inc, advisor to the Phoenix Edge Series Fund, and other advisors and/or other service providers to the funds have contractually agreed to reduce the management fees or reimburse certain fees and expenses for certain funds. The Gross Annual Fund Operating Expenses shown in the first row of the table do not reflect the effect of any fee reductions or reimbursements. The Net Annual Fund Operating Expenses shown in the second row reflect the effect of fee reductions and waiver arrangements that are contractually in effect at least through April 30, 2009. There can be no assurance that any contractual arrangement will extend beyond its current terms and you should know that these arrangements may exclude certain extraordinary expenses. See each fund’s prospectus for details about the annual operating expenses of that fund and any waiver or reimbursement arrangements that may be in effect.

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