PHL Variable Accumulation Account

03/17/2026 | Press release | Distributed by Public on 03/17/2026 12:07

Prospectus by Investment Company (Form 497)

PHL VARIABLE INSURANCE COMPANY

PHL Variable Accumulation Account

PHLVIC Variable Universal Life Account

NOTICE OF UNDERLYING FUND LIQUIDATION

DATED March 17, 2026

On or about May 20, 2026 (the "liquidation date"), Lazard Retirement US Small Cap Equity Select Portfolio (the "Liquidating Fund"), an underlying fund for your variable annuity or variable life insurance contract will be liquidated. On the liquidation date, any contract value allocated to the variable investment option corresponding to the liquidating fund will be automatically transferred to Federated Hermes Government Money Fund II. Such transfer will occur without charge and will not count toward any limit on transfers.

The liquidation will not result in any change to your contract value or any cost to you. There will be no tax consequences for you. The fees and charges under your contract will not increase as a result of the liquidation. Your rights and our obligations under your contract will not be altered by this liquidation.

Please note the following free transfer rights in connection with the liquidation:

· From the date of this notice through the liquidation date, you may transfer any contract value allocated to the Liquidating Fund to any other variable investment option available under your contract free of charge.
· For 60 days after the liquidation date, if any portion of your contract value was automatically transferred to Federated Hermes Government Money Fund II as a result of the liquidation, you may transfer contract value allocated to it to any other variable investment option available under your contract free of charge.
· Any such free transfer will not count toward any limit on the number of transfers that may be performed under your contract (except restrictions to discourage frequent transfer activity and/or market timing).

After the liquidation date, the Liquidating Fund will no longer be available for investment. All standing instructions that include the variable investment option corresponding to the Liquidating Fund will be automatically updated to include Federated Hermes Government Money Fund II.

If you have any questions regarding this notice, please contact the customer service center for your contract.

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Prospectus (497) and Updating Summary Prospectus Supplement (497VPU)

PHL Variable Accumulation Account:
033-87376

Prospectus Supplement (497)

PHL Variable Accumulation Account:
333-123040; 333-68164; 333-95611; 333-48140; 333-78761 		PHLVIC Variable Universal Life Account:
333-143656; 333-149105; 333-119916;
333-76778; 333-81458
PHL Variable Accumulation Account published this content on March 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 17, 2026 at 18:07 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]