SEC Info - Talcott Resolution Life & Annuity Insurance Co. Separate Account Seven

SEC Info℠

Home

Help

Please Sign In

Talcott Resolution Life & Annuity Insurance Co. Separate Account Seven – ‘N-VP/A’ on 6/8/23

On: Thursday, 6/8/23, at 7:19am ET · Effective: 6/8/23 · Accession #: 1628280-23-21398 · File #: 333-148555

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/08/23  Talcott Resolution Life & … Seven N-VP/A      6/08/23    1:24K                                    Workiva Inc Wde… FA01/FA
          → Talcott Resolution Life & Annuity Insurance Co. Separate Account Seven ⇒ Leaders Edge Series IV

Amendment to Notice by a Variable Annuity/Life Contract — Form N-VP — ICA’40

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-VP/A      Amendment to Notice by a Variable Annuity/Life      HTML     23K 
                Contract

This is an HTML Document rendered as filed. [ Alternative Formats ]

<! C: C:

Document

Talcott Resolution Life and Annuity Insurance Company

Talcott Resolution Life and Annuity Insurance Company Separate Account Seven:

Leaders Edge Series IV

Update dated June 8, 2023 to the product notice dated May 1, 2023

This update to the product notice outlines changes in fund fees related to certain investment options since the product notice dated May 1, 2023. This may not reflect all of the changes that have occurred since you entered into your Contract. The changes are related to:

2. Key Information Table

Appendix A - Funds Available Under the Contract

All other provisions outlined in your product notice remain unchanged. This update is for informational purposes and requires no action on your part.

In section 2. Key Information Table: The table in “Ongoing Fees and Expenses (annual charges)” reflecting the current fees and expenses of the contract that you pay each year, depending on the options you choose, is deleted and replaced with the following table:


Annual Fee	Minimum	Maximum
Base Contract (varies by contract class)	0.76%¹	0.76%¹
Investment Options (fund fees and expenses)	0.28%²	1.79%²
Optional benefits available for an additional charge (for a single optional benefit, if elected)	0.75%3	2.50%4

1 As a percentage of average daily Contract Value.

2 As a percentage of fund net assets.

3 As a percentage of average daily Contract Value or Payment Base depending on the optional benefit selected.

4 As a percentage of Payment Base.

In section 2. Key Information Table: The table in “Ongoing Fees and Expenses (annual charges)” showing the lowest and highest cost you could pay each year, based on current charges is deleted and replaced with the following table:


Lowest Annual Cost: $1,196			Highest Annual Cost: $4,357
Assumes:			Assumes:
•Investment of $100,000			•Investment of $100,000
•5% annual appreciation			•5% annual appreciation
•Least expensive fund fees and expenses			•Most expensive combination of optional benefits and fund fees and expenses
•No surrender charges			•No surrender charges
•No additional premium payments, transfers or withdrawals			•No additional premium payments, transfers or withdrawals
•No optional benefits

In Appendix A - Funds Available Under the Contract: the following fund fees are updated as follows:


Fund and Adviser/Subadviser			Current Expenses

AB VPS Balanced Hedged Allocation Portfolio - Class B Adviser: AllianceBernstein, L.P.			0.98%
AB VPS International Value Portfolio - Class B Adviser: AllianceBernstein, L.P.			1.13%*
AB VPS Relative Value Portfolio - Class B (formerly AB VPS Growth and Income Portfolio) Adviser: AllianceBernstein, L.P.			0.84%
AB VPS Sustainable International Thematic Portfolio - Class B Adviser: AllianceBernstein, L.P.			1.79%*
Invesco V.I. Global Fund - Series II Adviser: Invesco Advisers, Inc.			1.06%

This update should be retained for future reference.

HV-7990

Dates Referenced Herein and Documents Incorporated by Reference

This ‘N-VP/A’ Filing	Date	Other Filings

Filed on / Effective on:	6/8/23	497, 497VPU
	5/1/23	485BPOS, N-VP
		List all Filings

↑Top

Filing Submission 0001628280-23-021398 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Talcott Resolution Life & Annuity Insurance Co. Separate Account Seven – ‘N-VP/A’ on 6/8/23

On: Thursday, 6/8/23, at 7:19am ET · Effective: 6/8/23 · Accession #: 1628280-23-21398 · File #: 333-148555

Previous ‘N-VP’: ‘N-VP’ on 5/1/23 · Next: ‘N-VP/A’ on 6/8/23 · Latest: ‘N-VP’ on 4/26/24

Amendment to Notice by a Variable Annuity/Life Contract — Form N-VP — ICA’40Filing Table of Contents

This is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to Notice by a Variable Annuity/Life Contract — Form N-VP — ICA’40

Filing Table of Contents