497 1 hv-8106lol1tla497.htm 497 Document

Talcott Resolution Life and Annuity Insurance Company
Talcott Resolution Life and Annuity Insurance Company Separate Account Seven:
Leaders Outlook Series I/IR

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:
2. Key Information Table
4. Fee Tables
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 FeeMinimumMaximum
Investment Options
(fund fees and expenses)
0.36%²1.41%²
In section 2. Key Information Table in the variable annuity prospectus and updating summary prospectus: 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: $2,410Highest Annual Cost: $4,452
Assumes:Assumes:
Investment of $100,000
Investment of $100,000
5% annual appreciation
5% annual appreciation
Least expensive combination of fund fees and expenses
Most expensive combination of 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 in the variable annuity prospectus: 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 versionsMinimumMaximum
Annual Fund Expenses
(expenses that are deducted from Fund assets, including management fees, distribution and/or service fees (12b-1) fees, and other expenses) 0.36%1.41%
In section 4. Fee Table in the variable annuity prospectus: 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
$9,824$16,763$21,874$44,507

(2)If you annuitize at the end of the applicable time period:
1 year3 years5 years10 years
$3,547$12,255$21,084$43,689




(3)If you do not Surrender your Contract:
1 year3 years5 years10 years
$4,315$13,035$21,874$44,507

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:
TypeFund and Adviser/SubadviserCurrent
Expenses
Average Annual Total Returns
(as of 12/31/23)
1 Year5 Year10 Year
AllocationAmerican Funds Asset Allocation Fund - Class 2
Adviser: Capital Research and Management Company
0.55%14.27%9.20%7.25%
Fixed IncomeAmerican Funds Capital World Bond Fund - Class 2
Adviser: Capital Research and Management Company
0.73%6.14%(0.33)%0.36%
International EquityAmerican Funds Capital World Growth and Income Fund - Class 2
Adviser: Capital Research and Management Company
0.66%*20.88%10.34%7.62%
International EquityAmerican Funds Global Growth Fund - Class 2
Adviser: Capital Research and Management Company
0.66%*22.60%13.65%9.58%
International EquityAmerican Funds Global Small Capitalization Fund - Class 2
Adviser: Capital Research and Management Company
0.91%*16.17%8.31%5.78%
U.S. EquityAmerican Funds Growth Fund - Class 2
Adviser: Capital Research and Management Company
0.59%38.48%18.67%14.35%
U.S. EquityAmerican Funds Growth-Income Fund - Class 2
Adviser: Capital Research and Management Company
0.53%26.14%13.36%10.91%
International EquityAmerican Funds International Fund - Class 2
Adviser: Capital Research and Management Company
0.78%15.84%4.83%3.41%
International EquityAmerican Funds New World Fund - Class 2
Adviser: Capital Research and Management Company
0.82%*16.00%8.64%4.69%
Fixed IncomeAmerican Funds The Bond Fund of America - Class 2
Adviser: Capital Research and Management Company
0.48%*5.02%1.89%2.08%
U.S. EquityAmerican Funds Washington Mutual Investors Fund - Class 2
Adviser: Capital Research and Management Company
0.52%*17.29%12.60%9.91%
International EquityAST International Equity Portfolio
Adviser: Prudential Investments LLC and AST Investment Services, Inc.
Subadviser: William Blair & Company LLC, Neuberger Berman Management, LLC and Jennison Associates LLC
1.06%17.75%10.39%6.08%
U.S. EquityBlackRock Large Cap Focus Growth V.I. Fund - Class I
Adviser: BlackRock Advisors, LLC
0.79%*52.86%16.34%13.66%
U.S. EquityFranklin DynaTech VIP Fund - Class 2
Adviser: Franklin Advisers, Inc.
0.90%*43.77%13.76%10.37%
Sector EquityFranklin Global Real Estate VIP Fund - Class 2†
Adviser: Franklin Templeton Institutional, LLC
1.25%*11.43%3.88%3.78%
AllocationFranklin Income VIP Fund - Class 2
Adviser: Franklin Advisers, Inc.
Subadviser: Templeton Investment Counsel, LLC
0.71%*8.62%6.98%5.01%
U.S. EquityFranklin Large Cap Growth VIP Fund - Class 2
Adviser: Franklin Advisers, Inc.
1.08%40.44%14.87%11.41%
International EquityFranklin Mutual Global Discovery VIP Fund - Class 2
Adviser: Franklin Mutual Advisers, LLC
Subadviser: Franklin Templeton Investment Management Limited
1.15%20.31%10.16%5.98%
AllocationFranklin Mutual Shares VIP Fund - Class 2
Adviser: Franklin Mutual Advisers, LLC
0.93%13.46%7.82%5.43%
U.S. EquityFranklin Rising Dividends VIP Fund - Class 2
Adviser: Franklin Advisory Services, LLC
0.90%*12.08%13.75%10.23%
U.S. EquityFranklin Small Cap Value VIP Fund - Class 2
Adviser: Franklin Advisory Services, LLC
0.91%*12.75%11.06%7.04%
U.S. EquityFranklin Small-Mid Cap Growth VIP Fund - Class 2
Adviser: Franklin Advisers, Inc.
1.08%*26.74%13.51%8.96%
2


Fixed IncomeFranklin Strategic Income VIP Fund - Class 1
Adviser: Franklin Advisers, Inc.
0.84%*8.37%2.23%2.02%
Fixed IncomeHartford Ultrashort Bond HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.44%5.18%1.80%1.27%
U.S. EquityInvesco V.I. American Franchise Fund - Series I
Adviser: Invesco Advisers, Inc.
0.86%40.93%16.16%11.70%
U.S. EquityInvesco V.I. American Value Fund - Series I
Adviser: Invesco Advisers, Inc.
0.89%15.60%12.74%7.26%
U.S. EquityInvesco V.I. Core Equity Fund - Series I
Adviser: Invesco Advisers, Inc.
0.80%23.36%12.95%7.79%
U.S. EquityInvesco V.I. Discovery Mid Cap Growth Fund - Series I
Adviser: Invesco Advisers, Inc.
0.87%13.15%12.77%9.79%
International EquityInvesco V.I. EQV International Equity Fund - Series I
Adviser: Invesco Advisers, Inc.
0.90%18.15%8.42%4.33%
Money MarketInvesco V.I. Government Money Market Fund - Series I**
Adviser: Invesco Advisers, Inc.
0.36%4.86%1.69%1.06%
Fixed IncomeInvesco V.I. Government Securities Fund - Series I
Adviser: Invesco Advisers, Inc.
0.69%4.62%0.67%1.15%
U.S. EquityInvesco V.I. Main Street Mid Cap Fund - Series I
Adviser: Invesco Advisers, Inc.
0.94%14.47%10.61%6.73%
U.S. EquityInvesco V.I. Small Cap Equity Fund - Series I
Adviser: Invesco Advisers, Inc.
0.95%16.57%12.44%6.55%
U.S. EquityMFS® Core Equity Portfolio - Initial Class
Adviser: Massachusetts Financial Services Company
0.81%*23.14%15.08%11.61%
International EquityMFS® Global Equity Series - Initial Class
Adviser: Massachusetts Financial Services Company
0.92%*14.18%10.25%7.20%
U.S. EquityMFS® Growth Series - Initial Class
Adviser: Massachusetts Financial Services Company
0.73%*35.86%15.89%12.97%
Fixed IncomeMFS® High Yield Portfolio - Initial Class
Adviser: Massachusetts Financial Services Company
0.72%*12.41%4.66%3.82%
U.S. EquityMFS® Investors Trust Series - Initial Class
Adviser: Massachusetts Financial Services Company
0.78%*18.98%13.55%10.27%
U.S. EquityMFS® Massachusetts Investors Growth Stock Portfolio - Initial Class
Adviser: Massachusetts Financial Services Company
0.73%*24.01%16.68%12.71%
U.S. EquityMFS® Mid Cap Growth Series - Initial Class
Adviser: Massachusetts Financial Services Company
0.80%*21.32%13.31%11.12%
U.S. EquityMFS® New Discovery Series - Initial Class
Adviser: Massachusetts Financial Services Company
0.87%*14.41%11.08%7.67%
International EquityMFS® Research International Portfolio - Initial Class
Adviser: Massachusetts Financial Services Company
0.89%*13.01%8.49%4.15%
U.S. EquityMFS® Research Series - Initial Class
Adviser: Massachusetts Financial Services Company
0.79%*22.42%14.41%10.82%
Fixed IncomeMFS® Total Return Bond Series - Initial Class
Adviser: Massachusetts Financial Services Company
0.53%*7.38%1.85%2.22%
AllocationMFS® Total Return Series - Initial Class
Adviser: Massachusetts Financial Services Company
0.61%*10.44%8.54%6.53%
U.S. EquityMFS® Value Series - Initial Class
Adviser: Massachusetts Financial Services Company
0.69%*7.93%11.34%8.52%
U.S. EquityPSF PGIM Jennison Blend Portfolio - Class II
Adviser: Prudential Investments LLC
Subadviser: Jennison Associates LLC
0.86%31.98%14.25%10.08%
U.S. EquityPSF PGIM Jennison Growth Portfolio - Class II
Adviser: Prudential Investments LLC
Subadviser: Jennison Associates LLC
1.02%52.89%17.80%13.87%
U.S. EquityPSF PGIM Jennison Value Portfolio - Class II
Adviser: Prudential Investments LLC
Subadviser: Jennison Associates LLC
0.82%14.74%11.66%7.28%
International EquityTempleton Developing Markets VIP Fund - Class 1
Adviser: Templeton Asset Management Ltd.
1.10%*12.77%4.45%2.58%
3


International EquityTempleton Foreign VIP Fund - Class 2
Adviser: Templeton Investment Counsel, LLC
1.07%*20.76%5.27%1.28%
International EquityTempleton Growth VIP Fund - Class 2
Adviser: Templeton Global Advisors Limited
1.12%*21.01%6.47%3.24%
This supplement should be retained for future reference.

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