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Phoenix Life Variable Universal Life Account

Phoenix Benefit Choice VUL® Phoenix Joint Edge® VUL Flex Edge Flex Edge Success® Joint Edge® Individual Edge® Estate Edge® Estate Strategies

L SM SM Phoenix Executive VU Phoenix Express VUL Phoenix Express VUL Corporate Edge Executive Benefit VUL ® ( 2 0 0 8 ) (06)

Phoenix Executive VUL® The Phoenix Edge T h e P h o e n i x E d g e ® S P V ® L

Supplement to Prospectuses

This supplement should be read with the currently effective prospectuses, along with any supplements to the currently effective prospectuses, for the above listed variable life products.

The section entitled, “Description of Phoenix Life Insurance Company” is deleted and replaced with the following:

In this prospectus, the “Company,” “we,” “us,” and “our” refers to Phoenix Life Insurance Company or “Phoenix Life.” Phoenix Life sells variable life insurance and annuity products to individual and institutional customers. Phoenix Life is organized as a New York stock company. Our executive and administrative office is at One American Row, Hartford, CT 06103-2899. Our New York principal office is at 31 Tech Valley Drive, East Greenbush, New York 12061.

Obligations under the contracts are obligations of Phoenix Life. You may make contributions to the Guaranteed Interest Account or “GIA”1 which is supported by the assets in Phoenix Life’s general account. Such contributions are not invested in the Separate Account. The GIA is part of the general account of Phoenix Life (the “General Account”). The General Account supports all insurance and annuity obligations of Phoenix Life and is made up of all of its general assets other than those allocated to any separate account such as the Separate Account. For more complete information, see the “Guaranteed Interest Account” section below.

Policy Guarantees

Any guarantee under the policy, such as interest credited to the GIA or any guarantees provided by a rider to your variable life policy are paid from our general account. Therefore, any amounts that we may pay under the policy as part of a guarantee are subject to our long-term ability to make such payments. The assets of the Separate Account are available to cover the liabilities of our General Account to the extent that the Separate Account assets exceed the Separate Account liabilities arising under the policies supported by it.

Under New York law, insurance companies are required to hold a specified amount of reserves in order to meet the policy obligations of their general account to policy owners. State insurance regulators also require insurance companies to


Some policies offer a second guaranteed interest account called the Long-term Guaranteed Interest Account. Any reference to a single guaranteed interest account, for the applicable products, is replaced with the term “guaranteed interest accounts.”



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