Notice Document by Insurance Company (Form N-VP)

PUTNAM CAPITAL MANAGER VARIABLE ANNUITY SERIES III-IV

TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY

Annual Product Notice for Existing Investors

May 1, 2026

This product notice provides updated information about Putnam Capital Manager variable annuity Series III-IV, an individual deferred flexible premium variable annuity contract. The contract is issued by us, Talcott Resolution Life and Annuity Insurance Company ("Talcott Resolution," "we, "us," "our").

The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, federal and state income taxes, and a 10% federal penalty tax. Withdrawals will also reduce death benefits and other guaranteed benefits under the contract.

The contract is a complex investment and involves risks, including potential loss of principal. All guarantees and obligations under the contract are subject to the financial strength and claims-paying ability of Talcott Resolution.

The most recent prospectus for the contract, dated June 28, 2018, contains more information about the contract, including its features, benefits, and risks. You can find the most recent audited financial statements of Talcott Resolution and the separate account supporting the contract online at: https://vpx.broadridge.com/GetContract1.asp?doctype=pfst&clientid=talcottvpx&fundid=NRVA03181.

You can also obtain this information at no cost by contacting us as instructed below.

Additional information about certain investment products, including variable and fixed 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

PO Box 14293

Lexington, KY 40512-4293

a.Calling: 1-800-862-6668

b. Emailing: [email protected]

c. Visiting: www.talcottresolution.com

Table of Contents

			Page
Special Terms Used in this Product Notice			2
Updated Information About Your Contract			2
Important Information You Should Consider About the Contract			2
Appendix A - Investment Options Available Under the Contract			APP A-1
Appendix B - Financial Intermediary Variations			APP B-1

Special Terms Used in this Product Notice

Contract Owner			The owner or holder of the contact including any joint owner(s) (or "you").
Contract Value			The total value of your allocations to the Sub-Accounts (and the Fixed Accumulation Feature, if applicable).
Fixed Accumulation Feature or FAF			Part of our General Account where you are able to allocate a portion of your Contract Value. In the Contract, this is defined as the "Fixed Account."
Fund			A registered investment company or a series thereof in which assets of a Sub-Account may be invested.
Premium Payment			Money sent to us to be invested in your Contract.
Sub-Accounts			The variable investment options under the Contract, also referred to as Fund options.
Sub-Account Value			The value of your allocations to the Sub-Accounts.

Updated Information About Your Contract

The following is a summary of certain contract features that have changed since May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your contract.

There were no reportable changes to your contract since the date of the last prospectus.

Important Information You Should Consider About the Contract

FEES AND EXPENSES

Location in Prospectus

Are there Charges for Early Withdrawals?

Yes. Your Contract may be subject to surrender charges. Surrender charges may apply to both partial and full Surrenders. •Series III and IV. 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 7% (as a percentage if premium payments withdrawn), declining to 0% over that time period. •Series V. 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 6% (as a percentage if 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 Series III or Series IV contract, and $6,000 for Series V. 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. Losses due to surrender charges will be greater if there are taxes or tax penalties.

Fee Table The Contract - Charges and Fees - The Contingent Deferred Sales Charge

Are there Transaction Charges?

No. Other than surrender charges (if any), there are no charges for other contract transactions (e.g., transferring money between investment options).

Fee Table

Are there Ongoing Fees and Expenses?

Yes. The table below describes the current fees and expenses of the contract that you may pay each year, depending on the investment options and optional benefits 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. If such charges were reflected, the fees and expenses would be higher.

Fee Table The Contract - Charges and Fees

Annual Fee

Minimum

Maximum

Base Contract

1.41%¹

1.41%¹

Fund fees and expenses

0.44%²

1.46%²

Optional benefits available for an additional charge (for a single optional benefit, if elected)

0.15%1

0.15%1

2

1 As a percentage of average daily Sub-Account Values. Includes the Mortality and Expense Risk Charge and Administrative Charge, plus a percentage attributable to the Annual Maintenance Fee. 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: $2,175

Highest Annual Cost: $3,367

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 optional benefits

•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

RISKS

Location in Prospectus

Is there a Risk of Loss from Poor Performance?

Yes. You can lose money by investing in this contract, including loss of principal.

Fee Table Fixed Accumulation Feature The Contract - Charges and Fees - The Contingent Deferred Sales Charge Appendix Tax

Is this a Short-Term Investment?

No. •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. •Withdrawals may be subject to taxes, and a 10% penalty tax may be applied to Surrenders before age 59½.

What are the Risks Associated with the 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 available investment options before making an investment decision.

What are the Risks Related to the Insurance Company?

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 calling 1-800-862-6668.

RESTRICTIONS

Location in Prospectus

3

Are there Restrictions on the 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 contract 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. •The availability of Contract benefits may vary depending on the broker-dealer through which the Contact is sold. See Appendix B - Financial Intermediary Variations for additional information.

General Contract Information The Contract - Purchases and Contract Value

Are there any Restrictions on Contract 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 significantly reduce the death benefit. •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. •Contract benefits may not be modified or terminated by us, except as otherwise noted. •If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services, that fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee by taking withdrawals from your Contract Value, the deduction for that fee is subject to surrender charges and will count toward your Annual Withdrawal Amount. 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. •The availability of Contract benefits may vary depending on the broker-dealer through which the Contact is sold. See Appendix B - Financial Intermediary Variations for additional information.

The Contract - Death Benefit The Contract- Surrenders

TAXES

Location in Prospectus

What are the Contract's 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

How are Investment Professionals Compensated?

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

Should I Exchange My Contract?

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 - Purchase and Contract Value - Replacement of Annuities

4

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: https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=NRVA03181. Availability of Funds may vary by employer. Participants should reference their plan documents for a list of available Funds.

You can also request this information at no cost by calling 1-800-862-6668 or by sending an email request to [email protected].

The availability of Contract benefits may vary depending on the broker-dealer through which the Contact is sold. See Appendix B - Financial Intermediary Variations for additional information.

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.

Type			Fund and Adviser/Subadviser			Current Expenses			Average Annual Total Returns (as of 12/31/25)
									1 Year			5 Year			10 Year
U.S. Equity			Putnam VT Core Equity Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited			0.67%			17.11%			16.25%			15.49%
Fixed Income			Putnam VT Diversified Income Fund - Class IA Adviser: Franklin Advisers, Inc. Subadviser: Putnam Investment Management, LLC and Franklin Templeton Investment Management Limited			0.82%			8.94%			2.08%			3.30%
International Equity			Putnam VT Emerging Markets Equity Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC			1.10%*			34.49%			4.02%			7.29%
International Equity			Putnam VT Focused International Equity Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC			0.78%*			36.75%			9.41%			9.66%
Allocation			Putnam VT George Putnam Balanced Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited			0.63%			14.31%			9.11%			10.44%
Allocation			Putnam VT Global Asset Allocation Fund - Class IA Adviser: Franklin Advisers, Inc. Subadviser: Putnam Investment Management, LLC, Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC			0.84%*			14.69%			8.67%			8.71%
Sector Equity			Putnam VT Global Health Care Fund - Class IA† Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC			0.76%			15.34%			7.99%			8.63%
Money Market			Putnam VT Government Money Market Fund - Class IA** Adviser: Franklin Advisers, Inc. Subadviser: Putnam Investment Management, LLC and Franklin Templeton Investment Management Limited			0.44%			3.93%			2.95%			1.86%
Fixed Income			Putnam VT High Yield Fund - Class IA Adviser: Franklin Advisers, Inc. Subadviser: Putnam Investment Management, LLC and Franklin Templeton Investment Management Limited			0.73%			8.86%			4.28%			5.94%
Fixed Income			Putnam VT Income Fund - Class IA Adviser: Franklin Advisers, Inc. Subadviser: Putnam Investment Management, LLC and Franklin Templeton Investment Management Limited			0.56%			7.45%			(0.89)%			2.15%
International Equity			Putnam VT International Equity Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC			0.81%			38.00%			9.55%			8.40%

APP A-1

Type			Fund and Adviser/Subadviser			Current Expenses			Average Annual Total Returns (as of 12/31/25)
									1 Year			5 Year			10 Year
International Equity			Putnam VT International Value Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC			0.81%			35.07%			12.77%			9.13%
U.S. Equity			Putnam VT Large Cap Growth Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited			0.62%			14.58%			13.71%			17.96%
U.S. Equity			Putnam VT Large Cap Value Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited			0.54%			20.66%			15.68%			13.58%
Fixed Income			Putnam VT Mortgage Securities Fund - Class IA Adviser: Franklin Advisers, Inc. Subadviser: Putnam Investment Management, LLC and Franklin Templeton Investment Management Limited			0.50%*			9.39%			1.07%			1.87%
U.S. Equity			Putnam VT U.S. Research Fund - Class IA (formerly Putnam VT Research Fund) Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC			0.70%			18.16%			14.80%			15.36%
U.S. Equity			Putnam VT Small Cap Growth Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited			0.87%*			9.07%			6.45%			11.72%
U.S. Equity			Putnam VT Small Cap Value Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited			0.76%			5.46%			11.28%			9.39%
U.S. Equity			Putnam VT Sustainable Future Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited			0.80%*			2.87%			1.44%			9.88%
U.S. Equity			Putnam VT Sustainable Leaders Fund - Class IA Adviser: Putnam Investment Management, LLC Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited			0.63%			10.99%			10.62%			14.98%

*			As noted, 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.

The following is the fixed option currently available under the Contract. We may change the features of the fixed option listed below, offer new fixed options, and terminate existing fixed options. We will provide you with written notice before doing so.

Name

Contract

Version

Term

Minimum Guaranteed Interest Rate1

Fixed Accumulation Feature

Putnam Variable Annuity

III

N/A

4%

Fixed Accumulation Feature Contracts Issued prior to July 1, 1993

Putnam Variable Annuity

IV

N/A

4%

Fixed Accumulation Feature Contracts Issued on or after July 1, 1993

Putnam Variable Annuity

IV

N/A

3%

1 The FAF for the contract will be based on the issue date of the contract and the date the state allowed for lower minimum interest rates. The minimum rate will not change once the contract is issued.

APP A-2

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:

Putnam Capital Manager 4

The Portfolio Planner Models

The following model(s) are available for the Contract(s) listed above.

The percentage allocations below apply to value in the Sub-Accounts.

Fund			Series 1152			Series 1153			Series 2107			Series 3040
Putnam VT Emerging Markets Equity Fund			3%			4%			5%			6%
Putnam VT Focused International Equity Fund			3%			5%			6%			7%
Putnam VT High Yield Fund			17%			21%			19%			18%
Putnam VT Income Fund			26%			18%			13%			9%
Putnam VT International Equity Fund			3%			4%			6%			7%
Putnam VT Large Cap Growth Fund			5%			6%			7%			8%
Putnam VT Large Cap Value Fund			5%			7%			10%			12%
Putnam VT Mortgage Securities Fund			27%			21%			18%			13%
Putnam VT U.S. Research Fund (formerly Putnam VT Research Fund)			5%			6%			7%			9%
Putnam VT Small Cap Value Fund			3%			4%			4%			5%
Putnam VT Sustainable Future Fund			3%			4%			5%			6%
Total			100%			100%			100%			100%

APP A-3

Appendix B - Financial Intermediary Variations

There may be variations in the availability of investment options, Contract benefits, and other Contract features described in this prospectus-including restrictions, limitations, and other variations-which may apply depending on the broker-dealer through which your Contract was sold or continues to be serviced. For example, your financial professional may not recommend a particular investment option or Contract benefit to you. Any such variations are unknown to us. Furthermore, based on several considerations ( e.g. , that we do not administer financial intermediary variations, the large number of broker-dealers through whom the Contracts were distributed, and the terms of our existing selling agreements), we cannot identify any such variations, if any, with unreasonable effort or incurring unreasonable expense.

You should discuss with your financial professional any limitations, restrictions, or other variations related to the investment options, Contract benefits, or other Contract features available to you through your broker-dealer.

* * *

Please retain this product notice for future reference. The last prospectus and statement of additional information for the contract, dated June 28, 2018, contain more information about the contract. You may contact us to request this additional information free of charge. Instructions for contacting us are included in the front cover page of this product notice.

EDGAR Identifier: C000005989

APP B-1