Judge allows PHL policyholders to intervene, denies ‘premium holiday
April 22, 2026 by John Hilton
Wink’s Moore on the Market: Here’s the latest on the Phoenix Life debacle-
PHL policyholders were asking a judge for permission to suspend life insurance premium payments until their case against Nassau Financial Group and Golden Gate Capital was decided.
This “premium holiday” would allow policyholders to suspend their life insurance premium payments without forfeiting their policies.
The judge’s ruling? “Uh uh, no way.”
Just another roadblock for policyholders of the financially-challenged company. -sjm
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A Connecticut judge denied a request Tuesday by PHL Variable Insurance Co. policyholders to stop paying premiums while keeping their coverage in force, despite allowing them to intervene in ongoing liquidation proceedings.
Judge Daniel J. Klau granted motions by several policyholders to intervene for a limited purpose but rejected their request for a so-called “premium holiday.” The policyholders had sought permission to suspend premium payments until the case is resolved, without forfeiting their policies.
