04/23/2025 | Press release | Distributed by Public on 04/23/2025 10:19
Contract | Website Address | |||||||
Director Edge Series II/IIR | https://vpx.broadridge.com/GetContract1.asp?doctype=pfst&clientid=talcottvpx&fundid=41659P573 |
Contract | Website Address | |||||||
Director Edge Series II/IIR | https://vpx.broadridge.com/GetContract1.asp?doctype=pfst&clientid=talcottvpx&fundid=NRVA02818 |
Page | |||||
Special Terms
|
2
|
||||
Updated Information About Your Contract
|
2
|
||||
Key Information Table
|
2
|
||||
Appendix A - Investment Options Available Under the Contract
|
APP A-1
|
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. | ||||
Sub-Account | A fund option under the contract. There is a Sub-Account that corresponds to each fund that is available under the contract. |
FEES AND EXPENSES | Location in Prospectus | |||||||||||||||||||
Charges for Early Withdrawals | There are no surrender charges. | |||||||||||||||||||
Transaction Charges |
A Sales Load of up to 5.5% applies to all Premium Payments. Other than Sales Loads on Premium Payments, there are no charges for other contract transactions (e.g., transferring money between investment options).
|
Fee Tables The Contract - Charges and Fees - Sales Charge |
||||||||||||||||||
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.
|
Fee Tables The Contract - Charges and Fees |
||||||||||||||||||
Annual Fee | Minimum | Maximum | ||||||||||||||||||
Base Contract | 0.80%¹ | 0.80%¹ | ||||||||||||||||||
Investment Options (fund fees and expenses) |
0.14%² | 0.93%² | ||||||||||||||||||
Optional benefits available for an additional charge (for a single optional benefit, if elected) |
0.20%1
|
0.75%1
|
||||||||||||||||||
1 As a percentage of average daily Sub-Account Values.
2 As a percentage of fund net assets.
|
||||||||||||||||||||
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: $1,097 | Highest Annual Cost: $2,970 | |||||||||||||||||||
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 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. |
Fee Tables Fixed Accumulation Feature Appendix Tax |
||||||||||||||||||
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 mean the contract is generally more beneficial to investors with a long-time horizon.
•A 10% penalty tax may be applied to Surrenders 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 | |||||||||||||||||||
Investment Options |
•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.
|
General Contract Information The Contract - Purchases and Contract Value |
||||||||||||||||||
Optional Benefits |
•Optional benefits may further limit or restrict the investment options that you may select under the contract. We may impose these restrictions in the future.
•Withdrawals may reduce the value of an optional benefit by an amount greater than the value withdrawn or may result in termination of the benefit.
|
The Contract - Principal First and Principal First Preferred | ||||||||||||||||||
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 59½.
|
Appendix Tax | ||||||||||||||||||
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.
|
Other Information - Contract Modification | ||||||||||||||||||
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. | The Contract - Purchases and Contract Value - Replacement of Annuities |
Contract | Website Address | |||||||
Director Edge Series II/IIR | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659P573 |
Contract | Website Address | |||||||
Director Edge Series II/IIR | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=NRVA02818 |
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 |
BlackRock S&P 500 Index V.I. Fund - Class I Adviser: BlackRock Advisors, LLC |
0.14% | 24.83% | 14.38% | 12.89% | ||||||||||||
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% | ||||||||||||
Sector Equity |
Hartford Healthcare HLS Fund - Class IA† Adviser: Hartford Funds Management Company, LLC Subadviser: Wellington Management Company LLP |
0.93% | 0.39% | 4.67% | 7.58% | ||||||||||||
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% | ||||||||||||
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% |
Type | Fund and Adviser/Subadviser |
Current Expenses |
Average Annual Total Returns (as of 12/31/24) |
||||||||||||||
1 Year | 5 Year | 10 Year | |||||||||||||||
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% | ||||||||||||
Fixed Income |
Invesco V.I. High Yield Fund - Series I Adviser: Invesco Advisers, Inc. |
0.89% | 7.73% | 2.97% | 3.81% |
* | 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. |
Fund |
2022 Series 101 |
2022 Series 201 |
2022 Series 301 |
2022 Series 401 |
2022 Series 501 |
||||||||||||
Hartford Disciplined Equity HLS Fund | 15% | 20% | 25% | 30% | 35% | ||||||||||||
Hartford International Opportunities HLS Fund | 9% | 12% | 15% | 18% | 21% | ||||||||||||
Hartford MidCap HLS Fund | 3% | 4% | 5% | 6% | 7% | ||||||||||||
Hartford Small Company HLS Fund | 3% | 4% | 5% | 6% | 7% | ||||||||||||
Hartford Total Return Bond HLS Fund | 55% | 48% | 40% | 32% | 24% | ||||||||||||
Invesco V.I. Government Securities Fund | 5% | 4% | 3% | 3% | 2% | ||||||||||||
Invesco V.I. High Yield Fund | 10% | 8% | 7% | 5% | 4% | ||||||||||||
Total | 100% | 100% | 100% | 100% | 100% |