497 1 hv-7975ldrs4497.htm 497 Document

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

Supplement dated June 8, 2023 to the variable annuity prospectus dated May 1, 2023

This supplement to the variable annuity prospectus outlines changes in fund fees related to certain investment options since the variable annuity prospectus 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
4. Fee Tables
Appendix A - Funds Available Under the Contract
All other provisions outlined in your variable annuity prospectus remain unchanged. This supplement 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 FeeMinimumMaximum
Base Contract
(varies by contract class)		1.26%¹1.71%¹
Investment Options
(fund fees and expenses)		0.28%²1.79%²
Optional benefits available for an additional charge
(for a single optional benefit, if elected)
0.30%3
1.50%4
1 As a percentage of average daily Sub-Account Values.
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: $1,836Highest Annual Cost: $5,383
Assumes:Assumes:
•Investment of $100,000
•Investment of $100,000
•5% annual appreciation
•5% annual appreciation
•Least expensive combination of contract classes and fund fees and expenses
•Most expensive combination of contract classes, optional benefits and fund fees and expenses
•No sales charges or advisory fees
•No sales charges or advisory fees
•No additional premium payments, transfers or withdrawals
•No additional premium payments, transfers or withdrawals
•No optional benefits




In section 4. Fee Table: the table showing the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract is deleted and replaced with the following table:
All Contract Versions MinimumMaximum
Annual Fund Expenses
(expenses that are deducted from Fund assets, including management fees, distribution and/or service fees (12b-1) fees, and other expenses) 0.28%1.85%

In section 4. Fee Table: The Example tables comparing the cost of investing in this variable annuity with the cost of investing in other variable annuities are deleted and replaced with the following:

(1)    If you Surrender your Contract at the end of the applicable time period:
1 year3 years5 years10 years
$12,729$23,445$33,196$53,410

(2)    If you annuitize at the end of the applicable time period:
1 year3 years5 years10 years
$3,946$14,824$25,627$52,294

(3)    If you do not Surrender your Contract:
1 year3 years5 years10 years
$5,467$16,345$27,147$53,814
In Appendix A - Funds Available Under the Contract: the following fund fees are updated as follows:

Fund and Adviser/SubadviserCurrent
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 supplement should be retained for future reference.

HV-7975