Is Phoenix Life insurance still in business?

Yes, Phoenix Life insurance is still in business, though its structure has changed and it operates under larger groups depending on country. In the United Kingdom, Phoenix Life is a brand within Phoenix Group Holdings plc, which is a large FTSE 100 life insurance consolidator based in London that owns Phoenix Life, Standard Life, and SunLife brands and manages over 280 billion pounds of assets, and Phoenix Life continues to administer existing life insurance and pension policies for millions of customers, though it is largely a closed book consolidator focused on managing existing policies rather than selling new policies under Phoenix Life brand, with new business sold under Standard Life brand. In the United States, Phoenix Life Insurance Company, which was part of Phoenix Companies founded in 1851 in Hartford, Connecticut, is still in business as part of Nassau Financial Group after restructuring and continues to administer existing life insurance and annuity policies and sell new annuities through Nassau Life. In Israel, Phoenix Life is part of Phoenix Holdings Ltd which is still in business as one of Israel's largest insurers. So Phoenix Life is still in business as an operating insurer administering policies and paying claims, though new sales may be under different brand names within its parent groups.