Form 497VPU TALCOTT RESOLUTION LIFE
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LEADERS SERIES IV (ACCESS, CORE, OUTLOOK, PLUS)
TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY
Updating Summary Prospectus for Existing Investors
April 30, 2025
This updating summary prospectus provides updated information about Leaders Series IV, an individual deferred flexible premium variable annuity contract. The contract is issued by us, Talcott Resolution Life and Annuity Insurance Company (“Talcott Resolution”).
The contract was previously sold under various marketing names depending on which distribution partner sold the contract and/or when the product was sold. These marketing names include: Series IV of Leaders, Leaders Access, Leaders Plus, and Leaders Outlook.
The prospectus for the contract contains more information about the contract including its features, benefits and risks. You can find the current prospectus and other information about the contract online at:
| Class of Contract | Website Address | |||||||
| Leaders Series IV | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=416589562 | |||||||
| Leaders Access Series IV | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=416589554 | |||||||
| Leaders Plus Series IV | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=416589547 | |||||||
| Leaders Outlook Series IV | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=416589463 | |||||||
You can also obtain this information at no cost by calling 1-800-862-6668 or by sending an email request as instructed below.
Additional information about certain investment products, including variable annuities, has been prepared by the staff of the Securities and Exchange Commission (SEC) and is available at Investor.gov.
For additional information, please contact your investment professional or contact us by:
a.Mailing: Talcott Resolution Life and Annuity Insurance Company
PO Box 14293
Lexington, KY 40512-4293
a.Calling: 1-800-862-6668
b.Emailing: asccontactus@talcottresolution.com
c.Visiting: www.talcottresolution.com
The Securities and Exchange Commission (“SEC”) has not approved or disapproved of this security or passed upon the accuracy or adequacy of this summary prospectus. Any representation to the contrary is a criminal offense.
Table of Contents
| Page | |||||
APP A-1 | |||||
Special Terms Used in this Summary Prospectus
| Contract Value | The total value of your investments in the Sub-Accounts (and the Fixed Accumulation Feature, if applicable). | ||||
| Fixed Accumulation Feature or FAF | A fixed account option that guarantees principal and a rate of interest. Effective October 4, 2013, we no longer accept new allocations or premium payments to the Fixed Accumulation Feature except for contracts issued in Massachusetts. | ||||
| Payment Base | The amount used to determine benefit payments under certain optional benefits under the contract. | ||||
| Sub-Account | A fund option under the contract. There is a Sub-Account that corresponds to each fund that is available under the contract. | ||||
Updated Information About Your Contract
The following is a summary of certain contract features that have changed since May 1, 2024, This does not reflect all of the changes that have occurred since you entered into your contract.
Changes for all Contracts:
• Effective July 15, 2024, Franklin Advisors, Inc. replaced Putnam Investment Management, LLC as Adviser and Putnam Investment Management, LLC was added as Subadviser for Putnam VT Diversified Income Fund, and Putnam VT Global Asset Allocation Fund; and
• Effective July 15, 2024, Franklin Advisers, Inc. was added as a Subadviser for Putnam VT International Equity Fund, Putnam VT International Value Fund, and Putnam VT Small Cap Value Fund.
• Effective November 6, 2024, Putnam Investments Limited, the sub-adviser for each of the Putnam VT Funds in your contract, was replaced with Franklin Templeton Investment Management Limited.
• E ffective on or about April 30, 2025, the “Invesco V.I. Capital Appreciation Fund” was renamed “Invesco V.I. Discovery Large Cap Fund.”
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Key Information Table
Important Information You Should Consider About the Contract
| FEES AND EXPENSES | Location in Prospectus | |||||||||||||||||||
| Charges for Early Withdrawals | Your Contract may be subject to surrender charges depending on the class of Contract that you own (i.e., Access, Core, Outlook or Plus). Surrender charges may apply to both partial and full Surrenders. •Access. No surrender charges. •Core. If you withdraw money from your contract within 7 years following your last premium payment, you may be assessed a surrender charge of up to 7% (as a percentage if premium payments withdrawn), declining to 0% over that time period. •Outlook. If you withdraw money from your contract within 4 years following your last premium payment, you may be assessed a surrender charge of up to 7% (as a percentage of premium payments withdrawn), declining to 0% over that time period. •Plus. If you withdraw money from your contract within 8 years following your last premium payment, you may be assessed a surrender charge of up to 8% (as a percentage of premium payments withdrawn), declining to 0% over that time period. For example, if you were to withdraw $100,000 during a surrender charge period, you could be assessed a charge of up to $7,000 for a Core or Outlook contract, or $8,000 for a Plus contract. No surrender charges would apply to an Access contract. Additionally, with the "Plus" Contracts, you won’t always get to keep your Payment Enhancement credited to your Contract Value. We will take back or “recapture” some or all of the Payment Enhancements under certain circumstances: •We will deduct all Payment Enhancements credited during a period of eligible confinement to a hospital, nursing home or other qualified long-term care facility under the Waiver of Sales Charge Rider if you request a full or partial Surrender. | 4. Fee Table 7. The Contract - c. Charges and Fees and Special Considerations for "Plus" Contracts | ||||||||||||||||||
| Transaction Charges | Other than surrender charges (if any), there are no charges for other contract transactions (e.g., transferring money between investment options). | 4. Fee Table | ||||||||||||||||||
| Ongoing Fees and Expenses (annual charges) | The table below describes the current fees and expenses of the contract that you may pay each year, depending on the options you choose. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected. Fees and expenses do not reflect any advisory fees paid to financial intermediaries from Contract Value or other assets of the Contract Owner, and that if such charges were reflected, the fees and expenses would be higher. | 4. Fee Table 7. The Contract - c. Charges and Fees Appendix A - Investment Options Available Under the Contract | ||||||||||||||||||
| Annual Fee | Minimum | Maximum | ||||||||||||||||||
| Base Contract (varies by contract class) | 0.36%² | 1.57%² | ||||||||||||||||||
| Investment Options (fund fees and expenses) | 0.36%² | 1.57%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 or Payment Base depending on the optional benefit selected. 4 As a percentage of Payment Base. | ||||||||||||||||||||
3
| Because your contract is customizable, the choices you make effect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the contract, which could add surrender charges that substantially increase costs. | ||||||||||||||||||||
| Lowest Annual Cost: $1,924 | Highest Annual Cost: $5,154 | |||||||||||||||||||
| 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 | ||||||||||||||||||||
| RISKS | Location in Prospectus | |||||||||||||||||||
| Risk of Loss | You can lose money by investing in this contract, including loss of principal. | 5. Principal Risks of Investing in the Contract | ||||||||||||||||||
| Not a Short-Term Investment | •This contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash. •Surrender charges may apply to withdrawals. If you take a withdrawal, a surrender charge may reduce the value of your contract or the amount of money that you actually receive. •The benefits of tax deferral, long-term income, and living benefit guarantees are generally more beneficial to investors with a long-time horizon. •A 10% penalty tax may be applied to withdrawals before age 59½. | |||||||||||||||||||
| Risks Associated with Investment Options | •An investment in this contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the contract (e.g., the Funds). •Each investment option (including the FAF, if available) has its own unique risks. •You should review the investment options before making an investment decision. | |||||||||||||||||||
| Insurance Company Risks | An investment in the contract is subject to the risks related to us. Any obligations (including under the FAF), guarantees or benefits of the contract are subject to our claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you. More information about Talcott Resolution, including our financial strength ratings, is available upon request by by calling 1-800-862-6668. | |||||||||||||||||||
| RESTRICTIONS | Location in Prospectus | |||||||||||||||||||
| Investments | •Certain investment options may not be available under your contract. •You are allowed to make 1 transfer between the fund options per day. You are allowed to make 20 transfers between the fund options per year before we require you to submit additional transfer requests by mail. Your transfer between the fund options are subject to policies designed to deter excessively frequent transfers and market timing. These transfer restrictions do not apply to transfers under the contract's automatic transfer programs. •There are restrictions on the maximum amount that may be transferred annually from the FAF to the fund options. If the FAF is available for investment, you must wait 6 months after your most recent transfer from the FAF before making a subsequent transfer into the FAF. These transfer restrictions may apply to the contract's automatic income programs. •We reserve the right to remove or substitute funds as investment options. | 6. General Information 7. The Contract - a. Purchases and Contract Value Appendix A - Investment Options Available Under the Contract | ||||||||||||||||||
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| Optional Benefits | •Optional benefits may further limit or restrict the investment options that you may select under the contract. We may change these restrictions in the future. •Withdrawals may reduce the value of an optional benefit by an amount greater than the value withdrawn or result in termination of the benefit. •If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services, withdrawals to pay advisory fees will also reduce death benefits and other guaranteed benefits under the Contract, and may be subject to federal and state income taxes and a 10% federal penalty tax. | 7.a Purchases and Contract Value - Deduction of Advisory Fees 7.c. Charges and Fees 9. Death Benefits 11. Federal Tax Considerations Appendix A - Investment Options Available Under the Contract Appendix C-F | ||||||||||||||||||
| TAXES | Location in Prospectus | |||||||||||||||||||
| Tax Implications | •Consult with a tax professional to determine the tax implications of an investment in and payments received under the contract. •If you purchased the contract through a tax-qualified plan or IRA, you do not get any additional tax benefit under the contract. •Earnings on your contract are taxed at ordinary income rates when you withdraw them and you may have to pay a penalty if you take a withdrawal before age 59-1/2. | 11. Federal Tax Considerations | ||||||||||||||||||
| CONFLICTS OF INTEREST | Location in Prospectus | |||||||||||||||||||
| Investment Professional Compensation | Your investment professional may receive compensation for selling this contract to you, in the form of commissions, additional payments, and non-cash compensation. We may share the revenue we earn on this contract with your investment professional's firm. This conflict of interest may influence your investment professional to recommend this contract over another investment for which the investment professional is not compensated or compensated less. | 10. Miscellaneous - (e) How Contracts Were Sold | ||||||||||||||||||
| Exchanges | Some investment professionals may have a financial incentive to offer you a new contract in place of the one you already own. You should only exchange a contract you already own if you determine, after comparing the features, fees and risks of both contracts, and any fees or penalties to terminate your existing contract, that it is better for you to purchase the new contract rather than continue to own your existing contract. | 7. a Purchases and Contract Value - Replacement of Annuities | ||||||||||||||||||
5
Appendix A — Investment Options Available Under the Contract
The following is a list of Funds available under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at:
| Class of Contract | Website Address | |||||||
| Leaders Series IV | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=416589562 | |||||||
| Leaders Access Series IV | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=416589554 | |||||||
| Leaders Plus Series IV | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=416589547 | |||||||
| Leaders Outlook Series IV | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=416589463 | |||||||
You can also request this information at no cost by calling 1-800-862-6668 or by sending an email request to asccontactus@talcottresolution.com.
The current expenses and performance information below reflects fee and expenses of the Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund’s past performance is not necessarily an indication of future performance.
See "Optional Benefit Investment Restrictions" following this table for information on investment restrictions.
| Type | Fund and Adviser/Subadviser | Current Expenses | Average Annual Total Returns (as of 12/31/24) | ||||||||||||||
| 1 Year | 5 Year | 10 Year | |||||||||||||||
| Allocation | AB VPS Balanced Hedged Allocation Portfolio - Class B Adviser: AllianceBernstein, L.P. | 0.73%* | 8.58% | 4.14% | 5.18% | ||||||||||||
| U.S. Equity | AB VPS Discovery Value Portfolio - Class B Adviser: AllianceBernstein, L.P. | 1.06% | 9.72% | 8.57% | 7.36% | ||||||||||||
| International Equity | AB VPS International Value Portfolio - Class B Adviser: AllianceBernstein, L.P. | 1.15% | 4.81% | 3.29% | 3.00% | ||||||||||||
| U.S. Equity | AB VPS Relative Value Portfolio - Class B Adviser: AllianceBernstein, L.P. | 0.61%* | 12.76% | 9.54% | 9.39% | ||||||||||||
| Allocation | American Funds Asset Allocation Fund - Class 4 Adviser: Capital Research and Management Company | 0.79% | 16.11% | 8.04% | 8.05% | ||||||||||||
| Fixed Income | American Funds Capital World Bond Fund - Class 4 Adviser: Capital Research and Management Company | 0.98% | (3.32)% | (2.65)% | (0.33)% | ||||||||||||
| International Equity | American Funds Capital World Growth and Income Fund - Class 4 Adviser: Capital Research and Management Company | 0.92%* | 13.70% | 7.04% | 8.17% | ||||||||||||
| International Equity | American Funds Global Growth Fund - Class 4 Adviser: Capital Research and Management Company | 0.91%* | 13.39% | 9.49% | 10.46% | ||||||||||||
| International Equity | American Funds Global Small Capitalization Fund - Class 4 Adviser: Capital Research and Management Company | 1.15%* | 2.12% | 2.74% | 5.54% | ||||||||||||
| U.S. Equity | American Funds Growth Fund - Class 4 Adviser: Capital Research and Management Company | 0.84% | 31.30% | 18.53% | 16.29% | ||||||||||||
| U.S. Equity | American Funds Growth-Income Fund - Class 4 Adviser: Capital Research and Management Company | 0.78% | 23.92% | 12.73% | 11.93% | ||||||||||||
| International Equity | American Funds International Fund - Class 4 Adviser: Capital Research and Management Company | 1.03% | 2.93% | 0.97% | 3.75% | ||||||||||||
| International Equity | American Funds New World Fund - Class 4 Adviser: Capital Research and Management Company | 1.07%* | 6.33% | 4.29% | 5.96% | ||||||||||||
| Fixed Income | American Funds The Bond Fund of America - Class 4 Adviser: Capital Research and Management Company | 0.73%* | 0.98% | 0.07% | 1.42% | ||||||||||||
| U.S. Equity | American Funds Washington Mutual Investors Fund - Class 4 Adviser: Capital Research and Management Company | 0.75%* | 18.85% | 11.92% | 9.99% | ||||||||||||
| U.S. Equity | Fidelity® VIP Contrafund® Portfolio - Service Class 2 Adviser: Fidelity Management & Research Company (FMR) Subadviser: FMR Co., Inc. (FMRC) and other investment advisers | 0.81% | 33.45% | 16.74% | 13.33% | ||||||||||||
APP A-1
| Type | Fund and Adviser/Subadviser | Current Expenses | Average Annual Total Returns (as of 12/31/24) | ||||||||||||||
| 1 Year | 5 Year | 10 Year | |||||||||||||||
| U.S. Equity | Fidelity® VIP Dynamic Capital Appreciation Portfolio - Service Class 2 Adviser: Fidelity Management & Research Company (FMR) Subadviser: FMR Co., Inc. (FMRC) and other investment advisers | 0.87% | 25.19% | 16.09% | 12.76% | ||||||||||||
| U.S. Equity | Fidelity® VIP Growth Portfolio - Service Class 2 Adviser: Fidelity Management & Research Company (FMR) Subadviser: FMR Co., Inc. (FMRC) and other investment advisers | 0.81% | 30.07% | 18.63% | 16.34% | ||||||||||||
| U.S. Equity | Fidelity® VIP Mid Cap Portfolio - Service Class 2 Adviser: Fidelity Management & Research Company (FMR) Subadviser: FMR Co., Inc. (FMRC) and other investment advisers | 0.82% | 17.18% | 11.06% | 8.94% | ||||||||||||
| U.S. Equity | Fidelity® VIP Value Strategies Portfolio - Service Class 2 Adviser: Fidelity Management & Research Company (FMR) Subadviser: FMR Co., Inc. (FMRC) and other investment advisers | 0.84% | 9.16% | 11.93% | 9.37% | ||||||||||||
| U.S. Equity | Franklin DynaTech VIP Fund - Class 4 Adviser: Franklin Advisers, Inc. | 0.97% | 30.29% | 13.52% | 12.57% | ||||||||||||
| Allocation | Franklin Income VIP Fund - Class 4 Adviser: Franklin Advisers, Inc. Subadviser: Templeton Investment Counsel, LLC | 0.82%* | 7.08% | 5.17% | 5.16% | ||||||||||||
| International Equity | Franklin Mutual Global Discovery VIP Fund - Class 4 Adviser: Franklin Mutual Advisers, LLC Subadviser: Franklin Templeton Investment Management Limited | 1.26% | 4.59% | 6.31% | 5.76% | ||||||||||||
| Allocation | Franklin Mutual Shares VIP Fund - Class 4 Adviser: Franklin Mutual Advisers, LLC | 1.04% | 11.16% | 5.64% | 5.72% | ||||||||||||
| U.S. Equity | Franklin Small Cap Value VIP Fund - Class 4 Adviser: Franklin Advisory Services, LLC | 1.00%* | 11.60% | 8.27% | 8.07% | ||||||||||||
| U.S. Equity | Franklin Small-Mid Cap Growth VIP Fund - Class 4 Adviser: Franklin Advisers, Inc. | 1.18%* | 10.89% | 9.64% | 9.21% | ||||||||||||
| Fixed Income | Franklin Strategic Income VIP Fund - Class 4 Adviser: Franklin Advisers, Inc. | 1.14%* | 3.98% | 1.09% | 1.89% | ||||||||||||
| Allocation | Hartford Balanced HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.66% | 11.21% | 8.09% | 7.75% | ||||||||||||
| U.S. Equity | Hartford Capital Appreciation HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.67% | 21.19% | 11.50% | 10.61% | ||||||||||||
| U.S. Equity | Hartford Disciplined Equity HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.59% | 25.37% | 12.79% | 12.70% | ||||||||||||
| U.S. Equity | Hartford Dividend and Growth HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.66% | 12.67% | 10.75% | 10.55% | ||||||||||||
| International Equity | Hartford International Opportunities HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.77% | 8.40% | 5.18% | 5.50% | ||||||||||||
| U.S. Equity | Hartford MidCap HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.74% | 6.28% | 4.91% | 8.27% | ||||||||||||
| U.S. Equity | Hartford Small Cap Growth HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.65% | 13.12% | 5.84% | 7.89% | ||||||||||||
| U.S. Equity | Hartford Small Company HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.80% | 12.00% | 7.36% | 8.28% | ||||||||||||
| U.S. Equity | Hartford Stock HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.51% | 8.74% | 9.25% | 10.43% | ||||||||||||
| Fixed Income | Hartford Total Return Bond HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.52% | 2.33% | 0.28% | 1.97% | ||||||||||||
APP A-2
| Type | Fund and Adviser/Subadviser | Current Expenses | Average Annual Total Returns (as of 12/31/24) | ||||||||||||||
| 1 Year | 5 Year | 10 Year | |||||||||||||||
| Fixed Income | Hartford Ultrashort Bond HLS Fund - Class IA Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP | 0.45% | 5.20% | 2.26% | 1.78% | ||||||||||||
| U.S. Equity | Invesco V.I. American Franchise Fund - Series II Adviser: Invesco Advisers, Inc. | 1.10% | 34.56% | 15.56% | 13.88% | ||||||||||||
| U.S. Equity | Invesco V.I. American Value Fund - Series II Adviser: Invesco Advisers, Inc. | 1.14% | 30.10% | 13.40% | 8.85% | ||||||||||||
| Allocation | Invesco V.I. Balanced Risk Allocation Fund - Series II Adviser: Invesco Advisers, Inc. | 1.13%* | 3.56% | 2.51% | 3.57% | ||||||||||||
| U.S. Equity | Invesco V.I. Discovery Large Cap Fund - Series II (formerly Invesco V.I. Capital Appreciation Fund) Adviser: Invesco Advisers, Inc. | 1.05%* | 33.83% | 15.77% | 12.97% | ||||||||||||
| U.S. Equity | Invesco V.I. Core Equity Fund - Series II Adviser: Invesco Advisers, Inc. | 1.05% | 25.29% | 12.07% | 9.15% | ||||||||||||
| U.S. Equity | Invesco V.I. Discovery Mid Cap Growth Fund - Series II Adviser: Invesco Advisers, Inc. | 1.10% | 23.92% | 9.92% | 11.29% | ||||||||||||
| International Equity | Invesco V.I. EQV International Equity Fund - Series II Adviser: Invesco Advisers, Inc. | 1.15% | 0.34% | 2.97% | 4.10% | ||||||||||||
| International Equity | Invesco V.I. Global Fund - Series II Adviser: Invesco Advisers, Inc. | 1.06% | 15.78% | 9.21% | 9.58% | ||||||||||||
| Money Market | Invesco V.I. Government Money Market Fund - Series I** Adviser: Invesco Advisers, Inc. | 0.36% | 4.98% | 2.30% | 1.56% | ||||||||||||
| Fixed Income | Invesco V.I. Government Securities Fund - Series I Adviser: Invesco Advisers, Inc. | 0.70% | 1.72% | (0.17)% | 0.91% | ||||||||||||
| U.S. Equity | Invesco V.I. Growth and Income Fund - Series II Adviser: Invesco Advisers, Inc. | 1.00% | 15.72% | 9.81% | 8.53% | ||||||||||||
| Fixed Income | Invesco V.I. High Yield Fund - Series I Adviser: Invesco Advisers, Inc. | 0.89% | 7.73% | 2.97% | 3.81% | ||||||||||||
| U.S. Equity | Invesco V.I. Main Street Fund - Series II Adviser: Invesco Advisers, Inc. | 1.11% | 23.39% | 11.81% | 10.97% | ||||||||||||
| U.S. Equity | Invesco V.I. Main Street Small Cap Fund - Series II Adviser: Invesco Advisers, Inc. | 1.11% | 12.41% | 10.22% | 8.73% | ||||||||||||
| U.S. Equity | Invesco V.I. Small Cap Equity Fund - Series II Adviser: Invesco Advisers, Inc. | 1.20% | 17.85% | 10.60% | 7.82% | ||||||||||||
| Fixed Income | Lord Abbett Bond-Debenture Portfolio - Class VC Adviser: Lord, Abbett & Co. LLC | 0.99% | 6.72% | 1.90% | 3.73% | ||||||||||||
| U.S. Equity | Lord Abbett Dividend Growth Portfolio - Class VC Adviser: Lord, Abbett & Co. LLC | 0.99% | 22.14% | 12.23% | 11.16% | ||||||||||||
| U.S. Equity | Lord Abbett Growth and Income Portfolio - Class VC Adviser: Lord, Abbett & Co. LLC | 0.93% | 20.60% | 10.37% | 9.05% | ||||||||||||
| U.S. Equity | MFS® Growth Series - Service Class Adviser: Massachusetts Financial Services Company | 0.97%* | 31.15% | 14.46% | 14.82% | ||||||||||||
| U.S. Equity | MFS® Investors Trust Series - Service Class Adviser: Massachusetts Financial Services Company | 0.99%* | 19.22% | 11.12% | 10.81% | ||||||||||||
| Fixed Income | MFS® Total Return Bond Series - Service Class Adviser: Massachusetts Financial Services Company | 0.78%* | 2.33% | 0.14% | 1.64% | ||||||||||||
| Allocation | MFS® Total Return Series - Service Class Adviser: Massachusetts Financial Services Company | 0.86%* | 7.46% | 5.89% | 6.20% | ||||||||||||
| U.S. Equity | MFS® Value Series - Service Class Adviser: Massachusetts Financial Services Company | 0.94%* | 11.35% | 7.76% | 8.36% | ||||||||||||
| U.S. Equity | Morgan Stanley VIF Discovery Portfolio - Class II Adviser: Morgan Stanley Investment Management Inc. | 1.05%* | 41.73% | 11.11% | 12.02% | ||||||||||||
| Fixed Income | Putnam VT Diversified Income Fund - Class IB Adviser: Franklin Advisers, Inc. Subadviser: Putnam Investment Management, LLC and Franklin Templeton Investment Management Limited | 1.06%* | 5.76% | (0.04)% | 1.95% | ||||||||||||
| Allocation | Putnam VT Global Asset Allocation Fund - Class IB Adviser: Franklin Advisers, Inc. Subadviser: Putnam Investment Management, LLC, Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC | 1.11%* | 16.36% | 8.00% | 7.00% | ||||||||||||
APP A-3
| Type | Fund and Adviser/Subadviser | Current Expenses | Average Annual Total Returns (as of 12/31/24) | ||||||||||||||
| 1 Year | 5 Year | 10 Year | |||||||||||||||
| International Equity | Putnam VT International Equity Fund - Class IB Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC | 1.08% | 2.97% | 4.88% | 4.74% | ||||||||||||
| International Equity | Putnam VT International Value Fund - Class IB Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC | 1.07% | 5.21% | 6.81% | 5.46% | ||||||||||||
| U.S. Equity | Putnam VT Small Cap Value Fund - Class IB Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited | 1.02% | 6.20% | 10.71% | 8.10% | ||||||||||||
| International Equity | Templeton Developing Markets VIP Fund - Class 4 Adviser: Templeton Asset Management Ltd. | 1.46%* | 7.51% | 0.78% | 3.88% | ||||||||||||
| International Equity | Templeton Foreign VIP Fund - Class 4 Adviser: Templeton Investment Counsel, LLC | 1.16%* | (1.08)% | 2.49% | 2.28% | ||||||||||||
| Fixed Income | Templeton Global Bond VIP Fund - Class 4 Adviser: Franklin Advisers, Inc. | 0.85%* | (11.42)% | (4.93)% | (2.12)% | ||||||||||||
| International Equity | Templeton Growth VIP Fund - Class 4 Adviser: Templeton Global Advisors Limited | 1.22%* | 5.35% | 4.49% | 3.97% | ||||||||||||
| * | 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 where Contact value is allocated to a money market Sub-Account, that portion of the value of your Contract value may decrease in value. | ||||
APP A-4
Asset Allocation Models
This section provides information about the asset allocation models (or Portfolio Planner Models) that may be available for participation under the contract. Models may not be available to you. You may be required to participate in a certain model depending on the optional benefits you have chosen. See "Optional Benefit Investment Restrictions" below.
You may participate in only one asset allocation model at a time. Your investments related to an asset allocation model will be rebalanced quarterly. For additional information, see "Static Asset Allocation Models" in the prospectus.
Models Available For The Following Contracts:
Leaders 4
Leaders Access 4
Leaders Outlook 4
Leaders Plus 4
The Portfolio Planner Models
The following model(s) (introduced as of May 2, 2022) are available for the Contract(s) listed above.
The percentage allocations below apply to value in the Sub-Accounts.
| Fund | 2022 Series 109 | 2022 Series 209 | 2022 Series 309 | 2022 Series 409 | 2022 Series 509 | ||||||||||||
| AB VPS Small/Mid-Cap Value Portfolio | 1% | 2% | 2% | 3% | 3% | ||||||||||||
| American Funds Growth Fund | 5% | 6% | 8% | 10% | 11% | ||||||||||||
| Fidelity VIP Value Strategies Portfolio | 2% | 2% | 3% | 3% | 4% | ||||||||||||
| Hartford Disciplined Equity HLS Fund | 5% | 7% | 9% | 10% | 12% | ||||||||||||
| Hartford Dividend and Growth HLS Fund | 5% | 7% | 8% | 10% | 12% | ||||||||||||
| Hartford Small Company HLS Fund | 2% | 2% | 3% | 3% | 4% | ||||||||||||
| Hartford Total Return Bond HLS Fund | 55% | 48% | 40% | 32% | 24% | ||||||||||||
| Invesco V.I. Discovery Mid Cap Growth Fund | 1% | 2% | 2% | 3% | 3% | ||||||||||||
| Invesco V.I. Government Securities Fund | 5% | 4% | 3% | 3% | 2% | ||||||||||||
| Invesco V.I. High Yield Fund | 10% | 8% | 7% | 5% | 4% | ||||||||||||
| Putnam VT International Equity Fund | 9% | 12% | 15% | 18% | 21% | ||||||||||||
| Total | 100% | 100% | 100% | 100% | 100% | ||||||||||||
APP A-5
Optional Benefit Investment Restrictions
| 1. Investment Restrictions For the Following Optional Benefits | ||
•Lifetime Income Builder II
•Lifetime Income Builder Selects
•Lifetime Income Foundation
| Applicable To The Following Contracts* | ||
•Leaders 4
•Leaders Access 4
•Leaders Outlook 4
•Leaders Plus 4
*Investment restrictions may not apply depending on state of issuance. See "State Variations" in the prospectus
| The Investment Restrictions | ||
You must allocate amounts invested in the Sub-Accounts. In accordance with one of the following three investment restriction options: (1) Self Select; (2) Asset Allocation Models; or (3) Investment Models. You must elect to rebalance your allocations quarterly. Percentage allocations apply to value in the Sub-Accounts.
(1) SELF SELECT
Satisfy each of the following three categories:
| Category 1: | Fixed Income Rule: Minimum 40% of allocation Maximum of 100% of allocation* | ||||
| Category 2: | Acceptable Investment Options (Equity or Multi-Asset) Rule: Maximum 60% of allocation, maximum 20% in any one fund | ||||
| Category 3: | Limited Investment Options (Equity, Multi-Asset, or Bond) Rule: Maximum 20% of allocation, maximum of 10% in any one fund | ||||
Category 1: Fixed Income Rule: Minimum 40% of allocation Maximum of 100% of allocation* | |||||||||||
• | American Funds The Bond Fund of America | • | Invesco V.I. Government Securities Fund | ||||||||
• | Hartford Total Return Bond HLS Fund | • | Invesco V.I. High Yield Fund | ||||||||
• | Hartford Ultrashort Bond HLS Fund | • | MFS Total Return Bond Series | ||||||||
• | Invesco V.I. Government Money Market Fund | ||||||||||
*If you have 100% allocation to the FAF on and after October 4, 2013 you will comply with these investment restrictions for as long as your allocation remains at 100% to the FAF. Please remember that effective October 4 2013, the FAF was closed to new allocations or Premium Payments (with limited state exclusions). Therefore, if you move any money out of the FAF and into the Sub-Accounts you will not be able to move it back into the FAF AND your Sub-Account allocations must comply with these investment restrictions in order to prevent the termination of your living benefit rider.
Category 2: Acceptable Investment Options (Equity or Multi-Asset) Rule: Maximum 60% of allocation in any combination of the following funds, maximum 20% in any one of the following funds | |||||||||||
• | AB VPS Balanced Hedged Allocation Portfolio | • | Hartford Stock HLS Fund | ||||||||
• | AB VPS International Value Portfolio | • | Invesco V.I. American Franchise Fund | ||||||||
• | AB VPS Relative Value Portfolio | • | Invesco V.I. Balanced Risk Allocation Fund | ||||||||
• | American Funds Asset Allocation Fund | • | Invesco V.I. Discovery Large Cap Fund (formerly Invesco V.I. Capital Appreciation Fund) | ||||||||
• | American Funds Capital World Growth and Income Fund | • | Invesco V.I. Core Equity Fund | ||||||||
• | American Funds Global Growth Fund | • | Invesco V.I. EQV International Equity Fund | ||||||||
• | American Funds Growth Fund | • | Invesco V.I. Global Fund | ||||||||
• | American Funds Growth-Income Fund | • | Invesco V.I. Growth and Income Fund | ||||||||
APP A-6
• | American Funds Washington Mutual Investors Fund | • | Invesco V.I. Main Street Fund | ||||||||
• | Fidelity VIP Contrafund Portfolio | • | Lord Abbett Dividend Growth Portfolio | ||||||||
• | Fidelity VIP Dynamic Capital Appreciation Portfolio | • | Lord Abbett Growth & Income Portfolio | ||||||||
• | Fidelity VIP Growth Portfolio | • | MFS Growth Series | ||||||||
• | Franklin DynaTech VIP Fund | • | MFS Investors Trust Series | ||||||||
• | Franklin Income VIP Fund | • | MFS Total Return Series | ||||||||
• | Franklin Mutual Global Discovery VIP Fund | • | MFS Value Series | ||||||||
• | Franklin Mutual Shares VIP Fund | • | Putnam VT Global Asset Allocation Fund | ||||||||
• | Hartford Balanced HLS Fund | • | Putnam VT International Equity Fund | ||||||||
• | Hartford Capital Appreciation HLS Fund | • | Putnam VT International Value Fund | ||||||||
• | Hartford Disciplined Equity HLS Fund | • | Templeton Foreign VIP Fund | ||||||||
• | Hartford Dividend and Growth HLS Fund | ||||||||||
Category 3: Limited Investment Options (Equity, Multi-Asset, or Bond) Rule: Maximum 20% of allocation in any combination of the following funds, maximum of 10% in any one of the following funds | |||||||||||
• | AB VPS Small/Mid-Cap Value Portfolio | • | Hartford Small Company HLS Fund | ||||||||
• | American Funds Capital World Bond Fund | • | Invesco V.I. American Value Fund | ||||||||
• | American Funds Global Small Capitalization Fund | • | Invesco V.I. Discovery Mid Cap Growth Fund | ||||||||
• | American Funds International Fund | • | Invesco V.I. Main Street Small Cap Fund | ||||||||
• | American Funds New World Fund | • | Invesco V.I. Small Cap Equity Fund | ||||||||
• | Fidelity VIP Mid Cap Portfolio | • | Lord Abbett Bond-Debenture Portfolio | ||||||||
• | Fidelity VIP Value Strategies Portfolio | • | Morgan Stanley VIF Discovery Portfolio | ||||||||
• | Franklin Small Cap Value VIP Fund | • | Putnam VT Diversified Income Fund | ||||||||
• | Franklin Small-Mid Cap Growth VIP Fund | • | Putnam VT Small Cap Value Fund | ||||||||
• | Franklin Strategic Income VIP Fund | • | Templeton Developing Markets VIP Fund | ||||||||
• | Hartford International Opportunities HLS Fund | • | Templeton Global Bond VIP Fund | ||||||||
• | Hartford MidCap HLS Fund | • | Templeton Growth VIP Fund | ||||||||
• | Hartford Small Cap Growth HLS Fund | ||||||||||
APP A-7
(2) ASSET ALLOCATIONS MODELS
As of May 2, 2022, the following models are available:
| Fund | 2022 Series 109 | 2022 Series 209 | 2022 Series 309 | 2022 Series 409 | ||||||||||
| AB VPS Small/Mid-Cap Value Portfolio | 1% | 2% | 2% | 3% | ||||||||||
| American Funds Growth Fund | 5% | 6% | 8% | 10% | ||||||||||
| Fidelity VIP Value Strategies Portfolio | 2% | 2% | 3% | 3% | ||||||||||
| Hartford Disciplined Equity HLS Fund | 5% | 7% | 9% | 10% | ||||||||||
| Hartford Dividend and Growth HLS Fund | 5% | 7% | 8% | 10% | ||||||||||
| Hartford Small Company HLS Fund | 2% | 2% | 3% | 3% | ||||||||||
| Hartford Total Return Bond HLS Fund | 55% | 48% | 40% | 32% | ||||||||||
| Invesco V.I. Discovery Mid Cap Growth Fund | 1% | 2% | 2% | 3% | ||||||||||
| Invesco V.I. Government Securities Fund | 5% | 4% | 3% | 3% | ||||||||||
| Invesco V.I. High Yield Fund | 10% | 8% | 7% | 5% | ||||||||||
| Putnam VT International Equity Fund | 9% | 12% | 15% | 18% | ||||||||||
| Total | 100% | 100% | 100% | 100% | ||||||||||
(3) INVESTMENT MODELS
| Series 7009 | |||||
| Fund | |||||
| Franklin Mutual Global Discovery VIP Fund | 20 | % | |||
| Franklin Mutual Shares VIP Fund | 20 | % | |||
| Franklin Small-Mid Cap Growth VIP Fund | 10 | % | |||
| MFS Total Return Bond Series | 40 | % | |||
| Templeton Growth VIP Fund | 10 | % | |||
| Total | 100 | % | |||
| Series 7010 | |||||
| Fund | |||||
| MFS Total Return Bond Series | 40 | % | |||
| Hartford Dividend & Growth HLS Fund | 20 | % | |||
| MFS Growth Series | 20 | % | |||
| Templeton Foreign VIP Fund | 10 | % | |||
| Invesco V.I. International Growth Fund | 10 | % | |||
| Total | 100 | % | |||
| Series 7011 | |||||
| Fund | |||||
| Hartford Capital Appreciation HLS Fund | 20 | % | |||
| Hartford Dividend and Growth HLS Fund | 20 | % | |||
| Hartford International Opportunities HLS Fund | 10 | % | |||
| Hartford Small Company HLS Fund | 10 | % | |||
| Hartford Total Return Bond HLS Fund | 40 | % | |||
| Total | 100 | % | |||
APP A-8
| Series 7018 | |||||
| Fund | |||||
| American Funds Capital World Bond Fund | 40 | % | |||
| American Funds Global Small Capitalization Fund | 10 | % | |||
| American Funds Growth Fund | 20 | % | |||
| American Funds Growth-Income Fund | 20 | % | |||
| American Funds International Fund | 10 | % | |||
| Total | 100 | % | |||
| II. Investment Restrictions For | ||
•Lifetime Income Builder Portfolios
| Applicable To The Following Contracts* | ||
•Leaders 4
•Leaders Access 4
•Leaders Outlook 4
•Leaders Plus 4
*Investment restrictions may not apply depending on state of issuance. See "State Variations" in the prospectus.
| The Investment Restrictions | ||
You must allocate amounts invested in the Sub-Accounts. In accordance with one of the following four investment restrictions options: (1) Investment Strategy Models; (2) Portfolio Planner Asset Allocation Models; or (3) Individual Sub-Accounts. You must elect to rebalance your allocations quarterly. Percentage allocations apply to value in the Sub-Accounts.
(1) INVESTMENT STRATEGY MODELS
| Series 8001 | |||||
| Fund | |||||
| Hartford Capital Appreciation HLS Fund | 33 | % | |||
| Hartford Dividend and Growth HLS Fund | 33 | % | |||
| Hartford Total Return Bond HLS Fund | 34 | % | |||
| Total | 100 | % | |||
| Series 8002 | |||||
| Fund | |||||
| Franklin Income VIP Fund | 34 | % | |||
| Franklin Mutual Shares VIP Fund | 33 | % | |||
| Templeton Growth VIP Fund | 33 | % | |||
| Total | 100 | % | |||
APP A-9
| Series 8047 | |||||
| Fund | |||||
| American Funds International Fund | 25 | % | |||
| Franklin Income VIP Fund | 25 | % | |||
| Hartford Growth Opportunities HLS Fund | 25 | % | |||
| Hartford Total Return Bond HLS Fund | 25 | % | |||
| Total | 100 | % | |||
| Series 8050 | |||||
| Fund | |||||
| American Funds Capital World Bond Fund | 25 | % | |||
| American Funds Global Small Capitalization Fund | 10 | % | |||
| American Funds Growth Fund | 25 | % | |||
| American Funds Growth-Income Fund | 25 | % | |||
| American Funds International Fund | 15 | % | |||
| Total | 100 | % | |||
(2) PORTFOLIO PLANNER ASSET ALLOCATION MODELS
Select one of the following investment models:
| Fund | 2022 Series 109 | 2022 Series 209 | 2022 Series 309 | 2022 Series 409 | 2022 Series 509 | ||||||||||||
| AB VPS Small/Mid-Cap Value Portfolio | 1% | 2% | 2% | 3% | 3% | ||||||||||||
| American Funds Growth Fund | 5% | 6% | 8% | 10% | 11% | ||||||||||||
| Fidelity VIP Value Strategies Portfolio | 2% | 2% | 3% | 3% | 4% | ||||||||||||
| Hartford Disciplined Equity HLS Fund | 5% | 7% | 9% | 10% | 12% | ||||||||||||
| Hartford Dividend and Growth HLS Fund | 5% | 7% | 8% | 10% | 12% | ||||||||||||
| Hartford Small Company HLS Fund | 2% | 2% | 3% | 3% | 4% | ||||||||||||
| Hartford Total Return Bond HLS Fund | 55% | 48% | 40% | 32% | 24% | ||||||||||||
| Invesco V.I. Discovery Mid Cap Growth Fund | 1% | 2% | 2% | 3% | 3% | ||||||||||||
| Invesco V.I. Government Securities Fund | 5% | 4% | 3% | 3% | 2% | ||||||||||||
| Invesco V.I. High Yield Fund | 10% | 8% | 7% | 5% | 4% | ||||||||||||
| Putnam VT International Equity Fund | 9% | 12% | 15% | 18% | 21% | ||||||||||||
| Total | 100% | 100% | 100% | 100% | 100% | ||||||||||||
(3) INDIVIDUAL SUB-ACCOUNTS
Allocate 100% to any one of these funds, any combination of these funds, or all of the funds.
AB VPS Balanced Hedged Allocation Portfolio | ||||||||||||||
Hartford Balanced HLS Fund | ||||||||||||||
Hartford Ultrashort Bond HLS Fund | ||||||||||||||
Invesco V.I. Balanced Risk Allocation Fund | ||||||||||||||
Invesco V.I. Government Money Market Fund | ||||||||||||||
| Lord Abbett Dividend Growth Portfolio | ||||||||||||||
| MFS Total Return Series | ||||||||||||||
APP A-10
* * *
This summary prospectus incorporates by reference the prospectuses and statements of additional information (SAI) for the contracts, dated May 1, 2025, as may be amended or supplemented from time to time. The SAIs may be obtained, free of charge, in the same manner as the prospectuses.
| Leaders Series IV: | ||
| Prospectus: https://vpx.broadridge.com/GetContract1.asp?doctype=pros&clientid=talcottvpx&fundid=416589562 | ||
| SAI: https://vpx.broadridge.com/GetContract1.asp?doctype=sai&clientid=talcottvpx&fundid=416589562 | ||
| Leaders Access Series IV: | ||
| Prospectus: https://vpx.broadridge.com/GetContract1.asp?doctype=pros&clientid=talcottvpx&fundid=416589554 | ||
| SAI: https://vpx.broadridge.com/GetContract1.asp?doctype=sai&clientid=talcottvpx&fundid=416589554 | ||
| Leaders Plus Series IV: | ||
| Prospectus: https://vpx.broadridge.com/GetContract1.asp?doctype=pros&clientid=talcottvpx&fundid=416589547 | ||
| SAI: https://vpx.broadridge.com/GetContract1.asp?doctype=sai&clientid=talcottvpx&fundid=416589547 | ||
| Leaders Outlook Series IV: | ||
| Prospectus: https://vpx.broadridge.com/GetContract1.asp?doctype=pros&clientid=talcottvpx&fundid=416589463 | ||
| SAI: https://vpx.broadridge.com/GetContract1.asp?doctype=sai&clientid=talcottvpx&fundid=416589463 | ||
EDGAR Identifier: C000061170
APP A-11
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