We are maintaining the policy dividend scale for 2026 for all “closed block” participating policies purchased before the June 2001 demutualization of Phoenix Life Insurance Company (now Nassau Life Insurance Company).

The average dividend interest rate will remain 4.55% in 2026, with a policyholder’s actual dividend interest rate subject to specific policy terms.

Some policyholders will see an increase in the dividend paid in 2026 compared to the dividend paid in 2025, reflecting growth in the value of their policy. As always, the amount of dividend paid is based on a number of factors including product type, age at issue, length of time the policy has been in force, gender, and health when the policy was issued.

Some policyholders may see a decrease for reasons including mortality, loan balances or loan interest rates that affect the size of the dividend paid. However, the policy’s 2026 dividend will be at least equal to 75% of the 2025 dividend prior to loan adjustments.

We are also maintaining the dividend scale for the small number of participating policies in the open block (purchased after demutualization).

Please note that when we changed the name of Phoenix Life Insurance Company to Nassau Life Insurance Company, the company name is the only thing that changed. All policy terms, including terms and conditions for dividend-eligible policies, remain the same, and the closed block continues to be managed in accordance with the original Plan of Demutualization.

If you have any questions, please contact the Nassau Service Center Team at 1-800-628-1936.

Other Important Information:

• Phil Gass Letter to Producers on 2026 Dividend Scale
• Participating Policies Producer FAQ
• Customer Care Team Response Letter on 2026 Dividend Scale