Liquidation: TALCOTT RESOLUTION LIFE & ANNUITY INSUR CO SEPARATE ACCOUNT THREE

Form Type: N-VP

Filing Date: 2025-04-23

Corporate Action: Liquidation

Type: Update

Accession Number: 000162828025019213

Filing Summary: This document serves as an annual product notice for existing investors in the Select Dimensions Variable Annuity Series II/IIR, issued by Talcott Resolution Life and Annuity Insurance Company and Talcott Resolution Life Insurance Company. The notice outlines updates on the contract features, including significant changes since May 1, 2024. Notably, the Morgan Stanley VIF Global Infrastructure Portfolio was liquidated into the Invesco V.I. Government Money Market Fund Sub-Account effective around December 6, 2024. The document also details fees and expenses associated with the contract, including a range of surrender charges for early withdrawals, and ongoing fees that depend on the investment options chosen. The summary emphasises risks associated with the investment, including market performance risks and the implications of withdrawing funds prematurely. It advises that each investment option has unique risks and stresses the importance of reviewing these options before making decisions.