Investors Can't Shield $66M Life Policies During State Rehab

By Aaron Keller ( May 29, 2025, 6:47 PM EDT) -- Premiums due on unmatured PHL Variable Insurance Co. policies held by three investment companies do not qualify as debts under Connecticut's insurance rehabilitation statute, a state trial court judge has ruled, rejecting the companies' attempts to protect separate matured policies worth $66 million. . . .

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