497 1 hv-7901dir6.htm 497 Document

Talcott Resolution Life Insurance Company
Talcott Resolution Life Insurance Company Separate Account Two:
The Director Choice Series I

Supplement dated August 3, 2022 to the following variable annuity prospectuses dated May 2, 2022
and the updating summary prospectuses dated May 2, 2022

This supplement to the variable annuity prospectus and updating summary prospectus outlines changes in fund fees related to certain investment options since the variable annuity prospectus dated May 2, 2022. This may not reflect all of the changes that have occurred since you entered into your Contract. The changes are related to:
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.

The first table in “Appendix A - Funds Available Under the Contract” is deleted and replaced with the following:

TypeFund and Adviser/SubadviserCurrent
Expenses
Average Annual Total Returns
(as of 12/31/21)
1 Year5 Year10 Year
U.S. EquityAB VPS Growth and Income Portfolio - Class B
Adviser: AllianceBernstein, L.P.
0.84%*27.84%12.58%13.39%
International EquityAllspring VT International Equity Fund - Class 1 (formerly Wells Fargo VT International Equity Fund)
Adviser: Allspring Funds Management, LLC
Subadviser: Allspring Global Investments, LLC
0.69%*7.39%6.19%6.30%
U.S. EquityAllspring VT Omega Growth Fund - Class 1 (formerly Wells Fargo VT Omega Growth Fund)
Adviser: Allspring Funds Management, LLC
Subadviser: Allspring Global Investments, LLC
0.75%*15.27%25.24%18.72%
U.S. EquityAllspring VT Opportunity Fund - Class 1 (formerly Wells Fargo VT Opportunity Fund)
Adviser: Allspring Funds Management, LLC
Subadviser: Allspring Global Investments, LLC
0.75%*25.06%17.58%15.22%
U.S. EquityAllspring VT Small Cap Growth Fund - Class 1 (formerly Wells Fargo VT Small Cap Growth Fund)
Adviser: Allspring Funds Management, LLC
Subadviser: Allspring Global Investments, LLC
0.92%7.93%22.31%16.51%
U.S. EquityBlackRock S&P 500 Index V.I. Fund - Class I
Adviser: BlackRock Advisors, LLC
0.14%28.53%18.26%16.25%
AllocationHartford Balanced HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.65%19.64%12.43%11.02%
U.S. EquityHartford Capital Appreciation HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.67%14.76%15.86%14.67%
U.S. EquityHartford Disciplined Equity HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.60%25.52%18.88%17.41%
U.S. EquityHartford Dividend and Growth HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.66%32.00%15.44%14.70%
Sector EquityHartford Healthcare HLS Fund - Class IA†
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.92%10.01%16.64%17.98%
International EquityHartford International Opportunities HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.74%7.82%10.81%9.24%
U.S. EquityHartford MidCap HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.69%9.91%16.05%16.11%
U.S. EquityHartford Small Cap Growth HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.64%4.02%14.81%14.91%



TypeFund and Adviser/SubadviserCurrent
Expenses
Average Annual Total Returns
(as of 12/31/21)
1 Year5 Year10 Year
U.S. EquityHartford Small Company HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.77%1.56%21.23%15.93%
U.S. EquityHartford Stock HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.51%24.98%17.08%15.12%
Fixed IncomeHartford Total Return Bond HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.50%(0.95)%4.51%3.82%
Fixed IncomeHartford Ultrashort Bond HLS Fund - Class IA
Adviser: Hartford Funds Management Company, LLC
Subadviser: Wellington Management Company LLP
0.44%(0.19)%1.32%0.78%
Money MarketInvesco V.I. Government Money Market Fund - Series I**
Adviser: Invesco Advisers, Inc.
0.34%0.01%0.86%0.45%
Fixed IncomeInvesco V.I. Government Securities Fund - Series I
Adviser: Invesco Advisers, Inc.
0.68%(2.27)%2.47%1.77%
Fixed IncomeInvesco V.I. High Yield Fund - Series I
Adviser: Invesco Advisers, Inc.
0.94%4.38%4.69%5.62%
U.S. EquityPioneer Fund VCT Portfolio - Class II
Adviser: Amundi Asset Management US, Inc.
1.04%27.65%19.85%15.90%
*Annual expenses reflect a contractual fee reduction under an expense reimbursement or fee waiver arrangement.
**In a low interest rate environment, yields for money market funds, after deduction of Contract charges, may be negative even though the fund’s yield, before deducting for such charges, is positive. If you allocate a portion of your Contact value to a money market Sub-Account or participate in an Asset Allocation Program, if available, where Contract value is allocated to a money market Sub-Account, that portion of the value of your Contract value may decrease in value.
Closed to new and subsequent Premium Payments and transfers of Contract Value.

This supplement should be retained for future reference.

HV-7901