The Phoenix Companies, Inc. is a holding company. The Company's operating subsidiaries provide life insurance and annuity products through independent agents and financial advisors. The Company operates in two segments: Life and Annuity and Saybrus. The Life and Annuity segment includes individual life insurance and annuity products, including its closed block. Under life insurance, the Company offers Whole Life, Universal Life, Indexed Universal Life, Variable Universal Life and Term. Annuity products include fixed indexed annuities, fixed annuities, single premium immediate annuities and variable annuities. The Saybrus segment provides life insurance and other consulting services to financial advisors in partner companies, as well as support for sales of Phoenix's product line through independent distribution organizations. Its principal insurance company subsidiaries are Phoenix Life Insurance Company (Phoenix Life) and PHL Variable Insurance Company (PHL Variable).