( December 29, 2025, 11:54 AM EST) -- WATERBURY, Conn. — Ruling that PHL Variable Insurance Co.’s rehabilitator acted within his statutory authority, a Connecticut judge approved modifications to a moratorium order that affects payments of benefits or investment obligations for policies issued by PHL; the modifications allow eligible holders of nonvariable universal life policies alternative options for the full cost of insurance or premium charges and enable fixed indexed annuity holders to access part of their account value....