Talcott Resolution Life & Annuity Insurance Separate Account Seven Co

06/26/2024 | Press release | Distributed by Public on 06/26/2024 12:02

Updating Summary Prospectus - Form 497VPU

Document

Talcott Resolution Life and Annuity Insurance Company
Talcott Resolution Life and Annuity Insurance Company Separate Account Seven:
Leaders Series IV

Supplement dated June 26, 2024 to the variable annuity prospectus dated May 1, 2024
and the updating summary prospectus dated April 29, 2024
This supplement to the variable annuity prospectus and updating summary prospectus outlines changes in fund fees related to certain investment options. This may not reflect all of the changes that have occurred since you entered into your Contract. The changes are related to:
Section 2. Key Information Table
Appendix A - Funds Available Under the Contract
All other provisions outlined in the variable annuity prospectus and updating summary prospectus remain unchanged. This supplement is for informational purposes and requires no action on your part.
In section 2. Key Information Table in the variable annuity prospectus and updating summary prospectus: The Investment Options (fund fees and expenses) reflected in the "Ongoing Fees and Expenses (annual charges)" table are replaced as follows:

Annual Fee Minimum Maximum
Investment Options
(fund fees and expenses)
0.36%² 1.54%²
In Appendix A - Funds Available Under the Contract in the variable annuity prospectus and updating summary prospectus: the following fund fees are updated as follows:

Fund and Adviser/Subadviser Current
Expenses
Franklin DynaTech VIP Fund - Class 4
Adviser: Franklin Advisers, Inc.
1.00%*
Franklin Income VIP Fund - Class 4
Adviser: Franklin Advisers, Inc.
Subadviser: Templeton Investment Counsel, LLC
0.81%*
Franklin Mutual Global Discovery VIP Fund - Class 4
Adviser: Franklin Mutual Advisers, LLC
Subadviser: Franklin Templeton Investment Management Limited
1.25%
Franklin Mutual Shares VIP Fund - Class 4
Adviser: Franklin Mutual Advisers, LLC
1.03%
Franklin Small-Mid Cap Growth VIP Fund - Class 4
Adviser: Franklin Advisers, Inc.
1.18%*
Franklin Strategic Income VIP Fund - Class 4
Adviser: Franklin Advisers, Inc.
1.19%*
Templeton Developing Markets VIP Fund - Class 4
Adviser: Templeton Asset Management Ltd.
1.45%*
Templeton Foreign VIP Fund - Class 4
Adviser: Templeton Investment Counsel, LLC
1.17%*
Templeton Global Bond VIP Fund - Class 4
Adviser: Franklin Advisers, Inc.
0.85%*
Lord Abbett Bond-Debenture Portfolio - Class VC
Adviser: Lord, Abbett & Co. LLC
0.96%
This supplement should be retained for future reference.

HV-8099