Yes, the Phoenix Group is legit, regardless of which major Phoenix Group you refer to, as all are established regulated insurance companies with long histories and strong regulatory oversight. Phoenix Group Holdings plc is a legitimate large UK life insurance and pension consolidator based in London, FTSE 100 listed company with over 280 billion pounds of assets under administration, owning well-known brands like Standard Life, Phoenix Life, and SunLife, regulated by the UK Financial Conduct Authority and Prudential Regulation Authority, and operating since 1782 through predecessor companies like Pearl Assurance. Phoenix Insurance Company in Israel, formally Phoenix Holdings Ltd, is one of Israel's largest insurance groups headquartered in Tel Aviv, listed on Tel Aviv Stock Exchange, regulated by Israel Capital Market Authority, and legitimate with over 70 years history. Phoenix Companies in the US, now part of Nassau Financial Group, is a legitimate life insurance and annuity company founded in 1851 in Hartford, Connecticut, regulated by state insurance departments and holding financial ratings. All Phoenix-named groups are legitimate licensed insurers, not scams, though as with any insurer you should verify licensing in your state or country, check AM Best ratings, and ensure you are dealing with official company and not impostor.
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