Post Close PRM 2 Select TL 333-168990 Combined Document

485BPOS 1 combopostcloseprm2selecttl.htm 485BPOS Post Close PRM 2 Select TL 333-168990 Combined Document

As filed with the Securities and Exchange Commission on June 28, 2018

File No. 333-168990

811-04972

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM N-4

REGISTRATION STATEMENT UNDER

THE SECURITIES ACT OF 1933

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PRE-EFFECTIVE AMENDMENT NO.		/ /
POST-EFFECTIVE AMENDMENT NO.	13	/X/

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940



AMENDMENT NO.	672	/X/

TALCOTT RESOLUTION LIFE INSURANCE COMPANY

SEPARATE ACCOUNT SEVEN

(Exact Name of Registrant)

TALCOTT RESOLUTION LIFE INSURANCE COMPANY

(Name of Depositor)

P.O. BOX 2999

HARTFORD, CT 06104-2999

(Address of Depositor's Principal Offices)

(860) 547-4390

(Depositor's Telephone Number, Including Area Code)

LISA PROCH

TALCOTT RESOLUTION LIFE INSURANCE COMPANY

P.O. BOX 2999

HARTFORD, CT 06104-2999

(Name and Address of Agent for Service)

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APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:

AS SOON AS PRACTICABLE AFTER THE EFFECTIVE DATE OF THE REGISTRATION STATEMENT.

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It is proposed that this filing will become effective:



/ /	immediately upon filing pursuant to paragraph (b) of Rule 485
/X/	on June 28, 2018 pursuant to paragraph (b) of Rule 485
/ /	60 days after filing pursuant to paragraph (a)(1) of Rule 485
/ /	on ________ pursuant to paragraph (a)(1) of Rule 485
/ /	this post-effective amendment designates a new effective date for a previously filed post-effective amendment

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PART A



PERSONAL RETIREMENT MANAGER SELECT II
TALCOTT RESOLUTION LIFE INSURANCE COMPANY
SEPARATE ACCOUNT SEVEN (EST. 12/8/86)
PO BOX 14293
LEXINGTON, KY 40512-4293
1-800-862-6668 (CONTRACT OWNERS)
1-800-862-7155 (INVESTMENT PROFESSIONALS)

www.talcottresolution.com

On May 31, 2018, pursuant to the Stock and Asset Purchase Agreement entered into on December 3, 2017, by and among Hartford Holdings, Inc. (“HHI”) and its parent company, The Hartford Financial Services Group, Inc., Hopmeadow Acquisition, Inc. ("Buyer"), Hopmeadow Holdings, LP, and Hopmeadow Holdings GP, each of which is funded by a group of investors led by Cornell Capital LLC, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group, Pine Brook and J. Safra Group, HHI sold all of the issued and outstanding equity of Hartford Life, Inc., the parent of Talcott Resolution Life Insurance Company ("Talcott Resolution") (formerly "Hartford Life Insurance Company") to Buyer ("Talcott Resolution Sale Transaction").

Additional information regarding the Talcott Resolution Sale Transaction can be found on the Talcott Resolution website at www.talcottresolution.com/financialinformation.html and in its Current Report on Form 8-K (click on "SEC Filings - Other") filed by Talcott Resolution Life Insurance Company (formerly "Hartford Life Insurance Company") on June 6, 2018, with the Securities and Exchange Commission.

Talcott Resolution will continue to administer and provide all contractual benefits of your annuity. The terms, features and benefits of your insurance contract will NOT change as a result of the sale.

* * * * * * * * * *

The variable annuity product described in this prospectus no longer for sale. In 2013, we announced that we would no longer be selling or issuing annuity products and part of the company’s long-term strategy is to reduce the liabilities associated with in-force annuity contracts. However, we continue to administer the in force annuity contracts. You should read the terms of your annuity contract, including any riders, as your contract contains the specific terms of the benefits, limitations, restrictions, costs and obligations regarding your annuity.

This prospectus describes information you should know about Series II of Personal Retirement Manager Select variable annuity. The prospectus describes a contract between each Owner and joint Owner (“you”) and Talcott Resolution Life Insurance Company (“us,” “we” or “our”). This is an individual, deferred, flexible-premium variable annuity. This variable annuity allows you to allocate your Deposit among the following portfolio companies:



ü	AIM Variable Insurance Funds	ü	Hartford HLS Funds

ü	AllianceBernstein L.P.	ü	Lord, Abbett & Co., Inc.

ü	American Century Investments	ü	MFS Investment Management

ü	American Funds	ü	PIMCO

ü	BlackRock	ü	Putnam Investments, LLC

ü	Fidelity Investments	ü	Wells Fargo Funds Management LLC

ü	Franklin Templeton Investments	ü

At the time you purchased your Contract you were able to allocate some or all of your Deposit to the Personal Pension Account and/or the Fixed Accumulation Feature. Effective October 4, 2013, we no longer accept new allocations or Premium Payments to the Fixed Accumulation Feature except for contracts issued in MA. Effective October 3, 2014, the Personal Pension Account will be closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value) except for contracts issued in CT, FL, NJ and WA.

This prospectus refers to the following Contract share class:



ü	B Share

Not every optional rider was available from your Financial Intermediary or in your state. Other available Contract classes offered through select Financial Intermediaries are not described in this Prospectus and may have been subject to different charges.

Please read this prospectus carefully and keep it for your records and for future reference. The Statement of Additional Information contains more information about this Contract and, like this prospectus, is filed with the Securities and Exchange Commission (“SEC” or “Commission”). Although we file this prospectus and the Statement of Additional Information with the SEC, the SEC doesn’t approve or disapprove these securities or determine if the information in this prospectus is truthful or complete. Anyone who represents that the SEC does these things may be guilty of a criminal offense. This prospectus and the Statement of Additional Information can be obtained free of charge from us by calling 1-800-862-6668 or from the SEC’s website (www.sec.gov).

This variable annuity may not be suitable for everyone. This variable annuity may not be appropriate for people who do not have a long investment time horizon and is not appropriate for people who intend to engage in market timing. You will get no additional tax advantage from this variable annuity if you are investing in a variable annuity through a tax-advantaged retirement plan (such as a 401(k) plan or Individual Retirement Account (“IRA”)). Pursuant to IRS Circular 230, you are hereby notified of the following: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance products. You should seek advice based on your particular circumstances from an independent tax adviser. This product is not intended to provide tax, accounting or legal advice. Please consult with your tax accountant or attorney prior to finalizing or implementing any tax or legal strategy or for any tax, accounting or legal advice concerning your situation.

Four Simple Steps to Safeguard Your Account Against Fraud

We take protection of our customer accounts and information seriously. With the number of security breaches on the rise, it is a good time to remind you, our clients, to increase your awareness and protect yourself from fraud. We recommend four easy ways you can help protect yourself and your investments.

1. Strengthen Your Password

A strong password is your primary line of defense, which is why criminals attempt to acquire them. Passwords should be complex and difficult to guess. In order to ensure their ongoing effectiveness, passwords should be changed on a regular basis.

2. Keep Your Information Current

Make sure your contact information, including mailing address, email address and phone number is up to date with us. This will ensure that you receive your important documents.

3. Be Aware

Learn to recognize phishing emails, suspicious phone calls and texts from individuals posing as legitimate organizations, such as a bank, credit card company and government agencies. Do not click on links or download attachments from unknown sources.

4. Review Your Account Statements and Notify Law Enforcement of Suspicious Activity

As a precautionary measure, we recommend that you remain vigilant by reviewing your account statements and credit reports closely. If you detect any suspicious activity on an account, you should promptly notify the financial institution or company with which the account is maintained. You also should promptly report any fraudulent activity or suspected incidence of identity theft to proper law enforcement authorities or the Federal Trade Commission (FTC).

To file a complaint with the FTC, you may do so at www.ftc.gov/idtheft or call 1-877-ID-THEFT (877-438-4338). The FTC mailing address is 600 Pennsylvania Ave. NW, Washington, DC 20580. Complaints filed with the FTC will be added to the FTC’s Identity Theft Data Clearinghouse, which is a database made available to law enforcement agencies.

Obtain a Copy of Your Credit Report

You may obtain a free copy of your credit report from each of the three major credit reporting agencies once every 12 months by visiting www.annualcreditreport.com, calling toll-free 877-322-8228, or by completing an Annual Credit Report Request Form (found on the website) and mailing it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348.

Or you can elect to purchase a copy of your credit report by contacting one of the three national credit reporting agencies. Contact information for the three national credit reporting agencies is provided below:



Equifax (800) 685-1111 www.equifax.com P.O. Box 740241 Atlanta, GA 30374	Experian (888) 397-3742 www.experian.com P.O. Box 2002 Allen, TX 75013	Transunion (800) 888-4213 www.transunion.com P.O. Box 1000 Chester, PA 19016

Additional Free Resources on Identity Theft

You may wish to review the tips provided by the FTC on how to avoid identity theft. For more information, please visit www.consumer.ftc.gov/topics/privacy-identity or call 1-877-ID THEFT (877-438-4338).

We are not an investment adviser nor are we registered as such with the SEC or any state securities regulatory authority. We are not acting in any fiduciary capacity with respect to your investment. This information does not constitute personalized investment advice or financial planning advice.



NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCY	MAY LOSE VALUE	NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR ANY BANK AFFILIATE

Date of Prospectus: May 1, 2018 as amended on June 28, 2018

Date of Statement of Additional Information: May 1, 2018 as amended on June 28, 2018

Table of Contents



		Page
1.	Introduction	5
2.	Fee Summary	6
3.	Management of the Contract	9
	The Company	9
	The General Account	9
	The Separate Account	9
	The Funds	9
	Fixed Accumulation Feature	11
4.	Information on your Account	12
	a. Opening an Account	12
	b. Charges and Fees	20
	c. Surrenders	23
	d. Annuity Payouts	25
	e. Standard Death Benefit	29
5.	Return of Premium Death Benefit	31
	a. Maximum Anniversary Value III	31
	b. Return of Premium III	34
6.	Optional Withdrawal Benefits	37
	a. Future5 and Future6	37
	b. Personal Pension Account	44
7.	Optional Accumulation Benefit	49
8.	Additional Information	54
	a. Glossary	54
	b. State Variations	56
	c. Miscellaneous	57
	d. Legal Proceedings	58
	e. How Contracts Are Sold	58
Table of Contents to Statement of Additional Information		60
Appendix Tax — Federal Tax Considerations/Information Regarding Tax-Qualified Retirement Plans		APP TAX-1
Appendix A — Examples		APP A-1
Appendix B — Accumulation Unit Values		APP B-1
Appendix C — Fund Data		APP C-1
Appendix D — Optional Rider Investment Restrictions		APP D-1
Appendix E — Model Investment Options		APP E-1

1. Introduction

Overview

This Contract is closed to new investors.



	Minimum Initial Deposit
	Qualified Contract	Non- Qualified Contract	Sales Related Charges	Mortality & Expense Risk and Administrative Charges	Maximum Up-Front Commission
B Share	$2,000	$5,000	7 year Contingent Deferred Sales Charge and Distribution Charge	0.65%	7%

This table does not show Fund expenses, premium taxes, Distribution Charges, if applicable, Annual Maintenance Fee, and optional rider fees. Each Contract class has its own minimum contract value requirements.

Investment Options



ü	Sub-Accounts - Funds representing a range of investment strategies, objectives and asset classes.
ü	Fixed Accumulation Feature - A fixed interest account. As of October 4, 2013, we no longer accept new allocations or Premium Payments to the Fixed Accumulation Feature.
ü	Personal Pension Account - A fixed interest account designed to provide lifetime payouts. As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).

Subject to limitations, you may move your investment among each of these options.

Optional Features Previously Available



Protection for your:	Optional Feature:
Income	Future5* Future6* Personal Pension Account
Principal	Safety Plus*
Legacy - Death Benefit**	Return of Premium III Maximum Anniversary Value III*


*	Investment restrictions apply.


**	You had to elect Return of Premium III or Maximum Anniversary Value III if you chose Future 5, Future 6 or Safety Plus.

Optional features may not have been available through your Financial Intermediary or in all states.

2. Fee Summary

The following tables describe the fees and expenses that you will pay when buying, owning and surrendering your variable annuity. The first table describes the fees and expenses that you will pay at the time that you buy or Surrender this variable annuity. State Premium taxes may also be deducted.

Contract Owner Transaction Expenses

Contingent Deferred Sales Charge (CDSC) (1)



Year 1	7%
2	7%
3	7%
4	6%
5	5%
6	4%
7	3%
8+	0%
Surrender Fee	None
Transfer Fee	None


(1)	Each Deposit has its own CDSC schedule. Please see Section 4(b) and examples 1-7 in Appendix A for more information on how CDSC is calculated.

Contract Owner Periodic Expenses

The next table describes the fees and expenses that you will pay periodically and on a daily basis (except as noted) during the time that you own the variable annuity, not including annual Fund fees and expenses.



Annual Maintenance Fee (2)		$30
Distribution Charge (3)	0.85		%
Separate Account Annual Expenses (as a percentage of average daily Contract Value excluding Fixed Accumulation Feature and Personal Pension Account investments)
Mortality and Expense Risk Charge	0.45		%
Administrative Charge	0.20		%
Total Separate Account Annual Expenses	0.65		%
Maximum Optional Charges (4)
Maximum Anniversary Value III (5)	1.50		%
Return of Premium III (6)	0.75		%
Safety Plus (7)	2.50		%
Guaranteed Withdrawal Benefits
Future6 (8)
Single Life Option	2.50		%
Joint/Spousal Option	2.50		%
Future5 (9)
Single Life Option	2.50		%
Joint/Spousal Option	2.50		%


(2)	Fee waived if Account Total is $50,000 or more on your Contract Anniversary.

(3)

For B share Contracts, an annual Distribution Charge is assessed against each Premium Payment. The Distribution Charge is based on a percentage of Remaining Gross Premium. Each Premium Payment has its own Distribution Charge schedule. The Distribution Charge is reduced to 0% after the completion of seven years after each respective Premium Payment. The Distribution Charge will be assessed only with respect to Contract Value invested in Sub-Accounts and not investments in the Fixed Accumulation Feature or the Personal Pension Account.


(4)	You may only elect one optional death benefit. You may not concurrently elect the Safety Plus, Future5 or Future6. You must elect either Maximum Anniversary Value III or Return of Premium III if you elect the Safety Plus, Future5 or

Future6. All optional charges shown are deducted on each Contract Anniversary.


(5)	Rider charge is based on the Death Benefit, not including the Personal Pension Account Death Benefit. Current rider charge is 0.35%.


(6)	Rider charge is based on the Death Benefit, not including the Personal Pension Account Death Benefit. Current rider charge is 0.25%.


(7)	Rider charge is based on the Guaranteed Accumulation Benefit. The Guaranteed Accumulation Benefit is initially equal to Premium Payments. The Guaranteed Accumulation Benefit will be adjusted by subsequent Premium Payments, partial Surrenders or transfers to or from the Personal Pension Account prior to the first rider anniversary. Current rider charge is 1.15%.


(8)	Rider charge is based on Payment Base. The Payment Base is initially equal to Premium Payments. It will fluctuate based on subsequent Premium Payments, Market Increases, Deferral Bonuses, partial Surrenders or transfers to or from the Personal Pension Account. Current rider charge for Single Life Option is 1.75%. Current rider charge for Joint/Spousal Option is 1.95%.


(9)	Rider charge is based on Payment Base. The Payment Base is initially equal to Premium Payments. It will fluctuate based on subsequent Premium Payments, Market Increases, Deferral Bonuses, partial Surrenders or transfers to or from the Personal Pension Account. Current rider charge for Single Life Option is 2.00%. Current rider charge for Joint/Spousal Option is 2.50%.

The next table shows the minimum and maximum Total Annual Fund Operating Expenses charged by the Funds that you may pay on a daily basis during the time that you own this variable annuity. More detail concerning each Fund’s fees and expenses is contained in the prospectus for each Fund.



	Minimum	Maximum
Total Annual Fund Operating Expenses (expenses that are deducted from Sub-Account assets, including management fees, distribution and/or service fees (12b-1) fees, and other expenses)	0.41%	1.53%

EXAMPLE

This Example is intended to help you compare the cost of investing in this variable annuity with the cost of investing in other variable annuities. Let’s say, hypothetically, that your annual investment return is 5% and that your fees and expenses today were as high as possible including the election of the highest possible optional charges (i.e., Maximum Anniversary Value III and Future5). The example illustrates the effect of fees and expenses that you could incur (other than taxes). Your actual fees and expenses may vary. For every $10,000 invested (excluding Personal Pension Account Contributions and amounts allocated to the Fixed Accumulation Feature), here’s how much you would pay under each of the three scenarios posed:

(1) If you Surrender your Contract at the end of the applicable time period:



1 year	$	1,504
3 years	$	3,136
5 years	$	4,047
10 years	$	7,817

(2) If you annuitize at the end of the applicable time period:



1 year	$	426
3 years	$	2,028
5 years	$	3,607
10 years	$	7,387

(3) If you do not Surrender your Contract:



1 year	$	806
3 years	$	2,438
5 years	$	4,047
10 years	$	7,817

Condensed Financial Information

When Premium Payments are credited to your Funds, they are converted into Accumulation Units by dividing the amount of your Premium Payments minus any Premium taxes, by the Accumulation Unit Value for that Valuation Day. See Appendix B — Accumulation Unit Values for additional information. You can find financial statements for us and the Separate Account in the Statement of Additional Information.

3. Management of the Contract

The Company

We are a stock life insurance company. Talcott Resolution Life Insurance Company (formerly "Hartford Life Insurance Company") is authorized to do business in all states of the United States and the District of Columbia. Talcott Resolution Life Insurance Company was originally incorporated under the laws of Massachusetts on June 5, 1902, and subsequently redomiciled to Connecticut. Our corporate offices are located in Windsor, Connecticut. We are ultimately controlled by Henry Cornell, David I. Schamis, and Robert E. Diamond.

All guarantees under the Contract are subject to each issuing company’s financial strength and claims-paying capabilities. We provide information about our financial strength in reports filed with the SEC and/or state insurance departments. For example, we file annual reports (Form 10-K), quarterly reports (Form 10-Q) and periodic reports (Form 8-K) with the SEC. Forms 10-K and 10-Q include information such as our financial statements, management discussion and analysis of the previous year of operations, risk factors, and other information. Form 8-K reports are used to communicate important developments that are not otherwise disclosed in the other forms described above. You may read or copy these reports at the SEC’s Public Reference Room at 100 F. Street N.E., Room 1580, Washington, D.C. 20549-2001. You may also obtain reports and other information about us by contacting us using the information stated on the cover page of this prospectus, visiting our website at www.talcottresolution.com or visiting the SEC’s website at www.sec.gov. You may also obtain reports and other financial information about us by contacting your state insurance department.

The General Account

The Fixed Accumulation Feature and the Personal Pension Account are part of our General Account. Any amounts that we are obligated to pay under the Fixed Accumulation Feature and the Personal Pension Account and any other payment obligation we undertake under the Contract, including Death Benefits and optional withdrawal benefits, are subject to our financial strength and claims-paying ability and our long-term ability to make such payments. We invest the assets of the General Account according to the laws governing the investments of insurance company general accounts. The General Account is not a bank account and is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. We receive a benefit from all amounts held in our General Account. Amounts in our General Account are available to our general creditors. We issue other types of insurance policies and financial products and pay our obligations under these products from our assets in the General Account. As of October 4, 2013, we no longer accept new allocations or Premium Payments to the Fixed Accumulation Feature except for contracts issued in MA. (As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value) except for Contracts issued in CT, FL, NJ and WA).

The Separate Account

We set aside and invest the assets of some of our annuity contracts, including these Contracts, in a Separate Account. These Separate Accounts are registered as unit investment trusts under the 1940 Act. This registration does not involve supervision by the SEC of the management or the investment practices of a Separate Account or us. Separate Accounts meet the definition of “Separate Account” under federal securities law. The Separate Accounts referenced in this prospectus hold only assets for variable annuity contracts. These Separate Accounts:


•	hold assets for your benefit and the benefit of other Contract Owners, and the persons entitled to the payouts described in the Contract;


•	are not subject to the liabilities arising out of any other business we may conduct;


•	are not affected by the rate of return of our General Account or by the investment performance of any of our other Separate Accounts;


•	may be subject to liabilities of other variable annuity contracts offered by this Separate Account which are not described in this prospectus; and


•	are credited with income and gains, and takes losses, whether or not realized, from the assets they hold without regard to our other income, gains or loss.

We do not guarantee the investment results of the Separate Account.

The Funds

At the time you purchased your Contract, you allocated your Deposit to Sub-Accounts. These are subdivisions of our Separate Account, an account that keeps your Contract assets separate from our company assets. The Sub-Accounts then purchase shares of mutual funds set up exclusively for variable annuity or variable life insurance products. These are not the same mutual funds that you buy through your investment professional even though they may have similar investment strategies and the same portfolio managers. Each Fund has varying degrees of investment risk. Funds are also subject to separate fees and expenses such as management fees, distribution charges and operating expenses. “Master-feeder” or “fund of funds” (“feeder funds”) invest substantially all of their assets in other funds and will therefore bear a pro-rata share of fees and expenses incurred by both funds. This will reduce your investment return. Please contact us to obtain a copy of the prospectuses for

each Fund (or for any feeder funds). Read these prospectuses carefully before investing. We do not guarantee the investment results of any Fund. Certain Funds may not be available in all states and in all Contract classes. Please see Appendix C for additional information.

Mixed and Shared Funding — Fund shares may be sold to our other Separate Accounts or other unaffiliated insurance companies to serve as an underlying investment for variable annuity contracts and variable life insurance policies, pursuant to a practice known as mixed and shared funding. As a result, there is a possibility that a material conflict may arise between the interests of Owners, and other Contract Owners investing in these Funds. If a material conflict arises, we will consider what action may be appropriate, including removing the Fund from the Separate Account or replacing the Fund with another underlying Fund.

Voting Rights — We are the legal owners of all Fund shares held in the Separate Account and we have the right to vote at the Funds’ shareholder meetings. To the extent required by federal securities laws or regulations, we will:


•	notify you of any Fund shareholders’ meeting if the shares held for your Contract may be voted;


•	send proxy materials and a form of instructions that you can use to tell us how to vote the Fund shares held for your Contract;


•	arrange for the handling and tallying of proxies received from Owners;


•	vote all Fund shares attributable to your Contract according to timely instructions received from you, and


•	vote all Fund shares for which no timely voting instructions are received in the same proportion as shares for which timely voting instructions have been received.

If any federal securities laws or regulations, or their present interpretation, change to permit us to vote Fund shares on our own, we may decide to do so. You may attend any shareholder meeting at which Fund shares held for your Contract may be voted. After we begin to make Annuity Payouts to you, the number of votes you have will decrease. There is no minimum number of shares for which we must receive timely voting instructions before we vote the shares. Therefore, as a result of proportional voting, the instruction of a small number of Owners could determine the outcome of matters subject to shareholder vote.

Substitutions, Additions, or Deletions of Funds — Subject to any applicable law, we may make certain changes to the Funds offered under your Contract. We may, at our discretion, establish new Funds. New Funds may be made available to existing Owners as we deem appropriate. We may also close one or more Funds to additional Premium Payments or transfers from existing Funds. We may liquidate one or more Sub-Accounts if the board of directors of any Fund determines that such actions are prudent. Unless otherwise directed, investment instructions will be automatically updated to reflect the Fund surviving after any merger, substitution or liquidation.

We may eliminate the shares of any of the Funds from the Contract for any reason and we may substitute shares of another registered investment company for the shares of any Fund already purchased or to be purchased in the future by the Separate Account. To the extent required by the 1940 Act, substitutions of shares attributable to your interest in a Fund will not be made until we have the approval of the SEC, and we have notified you of the change.

In the event of any substitution or change, we may, by appropriate endorsement, make any changes in the Contract necessary or appropriate to reflect the substitution or change. If we decide that it is in the best interest of the Owners, the Separate Account may be operated as a management company under the 1940 Act or any other form permitted by law, may be de-registered under the 1940 Act in the event such registration is no longer required, or may be combined with one or more other Separate Accounts.

Fees and Payments We Receive from Funds and related parties — We receive substantial fees and payments with respect to the Funds that are offered through your Contract (sometimes referred to as revenue sharing payments). We consider these fees and payments, among a number of facts, when deciding to include a Fund that we offer through the Contract. All of the Funds that are offered through your Contract make payments to us. We receive these payments and fees under agreements between us and a Fund’s principal underwriter, transfer agent, investment adviser and/or other entities related to the Funds in amounts up to 0.55% of assets invested in a Fund. These fees and payments may include asset-based sales compensation and service fees under Premium Based Charges and/or servicing plans adopted by Funds pursuant to Rule 12b-1 under the Investment Company Act of 1940. These fees and payments may also include administrative service fees and additional payments, expense reimbursements and other compensation. We expect to make a profit on the amount of the fees and payments that exceed our own expenses, including our expenses of payment compensation to broker-dealers, financial institutions and other persons for selling the Contracts.

The availability of these types of arrangements creates an incentive for us to seek and offer Funds (and classes of shares of such Funds) that pay us revenue sharing. Other Funds (or available classes of shares) may have lower fees and better overall investment performance. As of December 31, 2017, we have entered into arrangements to receive administrative service payments and/or Rule 12b-1 fees from each of the following Fund complexes (or affiliated entities):

AllianceBernstein Variable Products Series Funds & Alliance Bernstein Investments, American Century Investment Services Inc., BlackRock Advisors, LLC, BlackRock Investment, LLC, Columbia Management Distributors, Inc., Fidelity Distributors

Corporation, Fidelity Investments Institutional Operations Company, Franklin Templeton Services, LLC, The Huntington Funds, Invesco Advisors Inc., Invesco Distributors Inc., Lord Abbett Series Fund & Lord Abbett Distributor, LLC, MFS Fund Distributors, Inc. & Massachusetts Financial Services Company, Morgan Stanley Distribution, Inc. & Morgan Stanley Investment Management & The Universal Institutional Funds, JPMorgan Investment Advisors, Inc., Oppenheimer Variable Account Funds & Oppenheimer Funds Distributor, Inc., Pioneer Variable Contracts Trust & Pioneer Investment Management, Inc. & Pioneer Funds Distributor, Inc., Prudential Investment Management Services, LLC, Putnam Retail Management Limited Partnership, The Victory Variable Insurance Funds & Victory Capital Management, Inc. & Victory Capital Advisers, Inc. and Wells Fargo Variable Trust & Wells Fargo Fund Management, LLC.

Not all Fund complexes pay the same amount of fees and compensation to us and not all Funds pay according to the same formula. Because of this, the amount of fees and payments received by us varies by Fund and we may receive greater or less fees and payments depending on the Funds you select. Revenue sharing payments and Rule 12b-1 fees did not exceed 0.40% and 0.35%, respectively, in 2017, and are not expected to exceed 0.40% and 0.35%, respectively, of the annual percentage of the average daily net assets (for instance, assuming that you invested in a Fund that paid us the maximum fees and you maintained a hypothetical average balance of $10,000, we would collect a total of $75 from that Fund). For the fiscal year ended December 31, 2017, revenue sharing payments and Rule 12b-1 fees did not collectively exceed approximately $48.2 million. These fees do not take into consideration indirect benefits received by offering HLS Funds as investment options.

Fixed Accumulation Feature

As of October 4, 2013, we no longer accept new allocations or Premium Payments to the Fixed Accumulation Feature except for contracts issued in Massachusetts. Any Contract Value currently invested in the Fixed Accumulation Feature may remain.

The following information applies only for Contract Value allocated to or in the Fixed Accumulation Feature as of October 4, 2013.

Interests in the Fixed Accumulation Feature are not registered under the 1933 Act and the Fixed Accumulation Feature is not registered as an investment company under the 1940 Act. Accordingly, neither the Fixed Accumulation Feature nor any of its interests are subject to the provisions or restrictions of the 1933 Act or the 1940 Act, and the staff of the SEC has not reviewed the disclosure regarding the Fixed Accumulation Feature. The following disclosure about the Fixed Accumulation Feature is subject to certain generally applicable provisions of the federal securities laws regarding the accuracy and completeness of disclosures. The Fixed Accumulation Feature is not offered in all Contract classes and is not available in all states or if you have elected either the Future6 or Safety Plus rider.

We guarantee that we will credit interest to amounts you allocate to the Fixed Accumulation Feature at a minimum rate that meets your State’s minimum non-forfeiture requirements. Non-forfeiture rates vary from state-to-state. We may credit a rate higher than the minimum rate. We reserve the right to declare different rates of interest depending on when amounts are allocated or transferred to the Fixed Accumulation Feature. This means that amounts at any designated time may be credited with a different rate of interest than the rate previously credited to such amounts and to amounts allocated or transferred at any other designated time. We will periodically publish the Fixed Accumulation Feature interest rates currently in effect. There is no specific formula for determining interest rates and, except as specifically stated above, no assurances are offered as to future rates in excess of non-forfeiture rates. Some of the factors that we may consider in determining whether to credit interest are: general economic trends, rates of return currently available for the types of investments and durations that match our liabilities and anticipated yields on our investments; regulatory and tax requirements; and competitive factors. Fixed Accumulation Feature interest rates may vary by State.

We will account for any deductions, Surrenders or transfers from the Fixed Accumulation Feature on a “first-in, first-out” basis (i.e., oldest investments will be liquidated first).

Any interest credited to amounts you allocate to the Fixed Accumulation Feature in excess of the minimum guaranteed interest rate will be determined at our sole discretion. You assume the risk that interest credited to the Fixed Accumulation Feature may not exceed the minimum guaranteed interest rate for any given year. While we do not charge a separate rider fee for investing in the Fixed Accumulation Feature, our expenses associated with offering this feature are factored into the Fixed Accumulation Feature credited rates.

Except as otherwise provided, during each Contract Year, you may make transfers out of the Fixed Accumulation Feature to Sub-Accounts or the Personal Pension Account, subject to the transfer restrictions discussed below. All transfer allocations must be in whole numbers (e.g., 1%). Each Contract Year you may transfer the greater of:


•	30% of the Contract Value in the Fixed Accumulation Feature as of the last Contract Anniversary. When we calculate the 30%, we add Premium Payments allocated to the Fixed Accumulation Feature, transfers from Sub-Accounts and transfers from the Personal Pension Account made after that date but before the next Contract Anniversary. These restrictions also apply to systematic transfers; or


•	an amount equal to your largest previous transfer from the Fixed Accumulation Feature in any one Contract Year.

We apply these restrictions to all transfers from the Fixed Accumulation Feature, including all systematic transfers and Dollar Cost Averaging Programs.

If your interest rate renews at a rate at least 1% lower than your prior interest rate, you may transfer any amount up to 100% of the amount to be invested at the renewal rate. You must make this transfer request within 60 days of being notified of the renewal rate.

We may defer transfers and partial Surrenders from the Fixed Accumulation Feature for up to six months from the date of your request.

As a result of these limitations, it may take a significant amount of time (i.e., several years) to move Contract Value in the Fixed Accumulation Feature to Sub-Accounts and/or Personal Pension Account and therefore this may not provide an effective short term defensive strategy.

4. Information on your Account

a. Opening an Account

Who could buy this Contract?

This Contract is no longer available for sale. The Contract is an individual tax-deferred variable annuity Contract. It was designed for retirement planning purposes and was available for purchased by any individual, group or trust, including:


•	any trustee or custodian for a retirement plan qualified under Section 401(a) of the Code;


•	individual Retirement Annuities adopted according to Section 408 of the Code;


•	employee pension plans established for employees by a state, a political subdivision of a state, or an agency of either a state or a political subdivision of a state; and


•	certain eligible deferred compensation plans as defined in Section 457 of the Code.

The examples above represent Qualified Contracts, as defined by the Code. In addition, individuals and trusts were able to purchase Contracts that were not part of a tax qualified retirement plan. These are known as Non-Qualified Contracts.

If you purchased the Contract for use in an IRA or other qualified retirement plan, you should consider other features of the Contract besides tax deferral, since any investment vehicle used within an IRA or other Qualified Plan receives tax-deferred treatment under the Code.

We do not accept any incoming 403(b) exchanges, transfers or applications for 403(b) individual annuity contracts or additional investments into any individual annuity contract funded through a 403(b) plan.

We do not accept any new retirement plans qualified under Sections 401(a) and 403(a) of the Code or employee pension plans established for employees by a state, a political subdivision of a state, or an agency of either a state or a political subdivision of a state, or certain eligible deferred compensation plans as defined in Section 457 of the Code.

The Personal Pension Account may not be available to all types of Qualified Plans.

How was the Contract Purchased?

The Contract was only available for purchase through a Financial Intermediary.

Deposits sent to us must be made in U.S. dollars and checks must be drawn on U.S. banks. We do not accept cash, third party checks or double endorsed checks. We reserve the right to limit the number of checks processed at one time. If your check does not clear, your purchase will be cancelled and you could be liable for any losses or fees incurred. A check must clear our account through our Administrative Office to be considered to be in good order.

We reserve the right to impose special conditions on anyone who seeks our prior approval to purchase a Contract with Deposits of $1 million or more. In order to request prior approval, you must submit a completed enhanced due diligence form prior to the submission of your Deposits:


•	if you are seeking to purchase a Contract with an initial Deposit of $1 million or more;


•	if total Deposits, aggregated by social security number or taxpayer identification number, equal $1 million or more; and


•	for all applications where the Owner or joint Owner are non-resident aliens.

It is important that you notify us if you change your address. If your mail is returned to us, we are likely to suspend future mailings until an updated address is obtained. In addition, we may rely on a third party, including the US Postal Service, to update your current address. Failure to give us a current address may result in payments due and payable on your annuity contract being considered abandoned property under state law, and remitted to the applicable state and may result in you not receiving important notices about your Contract.

Description of Right to Cancel provision you had when you Purchased your Contract.

If for any reason you are not satisfied with your Contract, simply return it within ten days after you receive it with a written request for cancellation that indicates your tax-withholding instructions. In some states, you may be allowed more time to cancel your Contract. We may require additional information, including a signature guarantee, before we can cancel your Contract.

Unless otherwise required by state law, we will pay you your Total Balance (minus applicable expenses) as of the Valuation

Day we receive your properly completed request to cancel and will refund any sales or Contract charges incurred during the period you owned the Contract. The Total Balance may be more or less than your Deposits depending upon the investment performance of your Contract. This means that you bear the risk of any decline in your Total Balance until we receive your notice of cancellation. In certain states, however, we are required to return your Deposit without deduction for any fees or charges.

Replacement of Annuities

A "replacement" occurs when a new contract is purchased and, in connection with the sale, an existing contract is surrendered, lapsed, forfeited, assigned to the replacing insurer, otherwise terminated, or used in a financed purchase. A "financed purchase" occurs when the purchase of a new annuity contract involves the use of the funds obtained from the values of an existing annuity contract through Withdrawal, Surrender or loan.

There are circumstances in which replacing your existing annuity contract can benefit you. However, a replacement may not be in your best interest. Accordingly, you should make a careful comparison of the cost and benefits of your existing contract and the proposed contract with the assistance of your financial and tax advisers to determine whether replacement is in your best interest. You should be aware that the person selling you the new contract will generally earn a commission if you buy the new contract through a replacement. Remember that if you replace a contract with another contract, you might have to pay a surrender charge on the replaced contract, and there may be a new surrender charge period for the new contract. In addition, other charges may be higher (or lower) and the benefits may be different.

You should also note that once you have replaced your variable annuity contract, you generally cannot reinstate it even if you choose not to accept your new variable annuity contract during your "free look" period. The only exception to this rule would be if your previously issued contract was issued in a state that requires the insurer to reinstate the previously surrendered contract if the owner chooses to reject their new variable annuity contract during their "free look" period.

How are Deposits applied to your Contract?

As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).* Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).

If you are enrolled in any program (e.g., Dollar Cost Averaging Program) that automatically allocates subsequent contributions (Premium Payments) and/or transfers of Contract Value to the Personal Pension Account you MUST provide us with alternative allocation instructions prior to October 3, 2014; otherwise your program will automatically terminate on October 3, 2014*.


*	Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.

If we receive a subsequent Deposit before the end of a Valuation Day, it will be invested on the same Valuation Day. If we receive your subsequent Deposit after the end of a Valuation Day, it will be invested on the next Valuation Day. If we receive a subsequent Deposit on a non-Valuation Day, the amount will be invested on the next Valuation Day. Unless we receive new instructions, we will invest all Deposits based on your last instructions on record. We will send you a confirmation when we invest your Deposit.

Generally, we will receive your order request after your Financial Intermediary has completed a suitability review. We will then consider if your investment is in good order. While the suitability and good order process is underway, Deposits will not be applied to your Contract. You will not earn any interest on Deposits even if they have been sent to us or deposited into our bank account. We are not responsible for gains or lost investment opportunities incurred during this review period or if your Financial Intermediary asks us to unwind a transaction based on their review of your Investment Professional’s recommendations. The firm that sold you this Contract to you, and we, may directly or indirectly earn income on your Deposits. For more information, contact your Investment Professional.

How is Contract Value calculated before the Annuity Commencement Date?

The Contract Value is the sum of the value of the Fixed Accumulation Feature, if applicable, and all Funds, and does not include Benefit Balance. There are two things that affect the value of your Sub-Accounts: (1) the number of Accumulation Units, and (2) the Accumulation Unit Value. Contract Value is determined by multiplying the number of Accumulation Units by the Accumulation Unit Value. On any Valuation Day the investment performance of the Sub-Accounts will fluctuate with the performance of the Funds.

When Premium Payments are credited to Sub-Accounts within your Account, they are converted into Accumulation Units by dividing the amount of your Premium Payments, minus any premium taxes, by the Accumulation Unit Value for that day. The more Premium Payments you make to your Account, the more Accumulation Units you will own. You decrease the number of

Accumulation Units you have by requesting partial or full Surrenders, settling a Death Benefit claim or by annuitizing your Contract or as a result of the application of certain Contract charges.

To determine the current Accumulation Unit Value, we take the prior Valuation Day’s Accumulation Unit Value and multiply it by the Net Investment Factor for the current Valuation Day.

The Net Investment Factor is used to measure the investment performance of a Sub-Account from one Valuation Day to the next. The Net Investment Factor for each Sub-Account equals:


•	the net asset value per share plus applicable distributions per share of each Fund at the end of the current Valuation Day; reduced by


•	the net asset value per share of each Fund at the end of the prior Valuation Day; reduced by


•	contract charges including the deductions for the mortality and expense risk charge and any other periodic expenses and administrative charges, divided by the number of days in the year multiplied by the number of days in the valuation period.

We will send you a statement at least annually.

What other ways can you invest?

You may enroll in the following features (sometimes called a “Program”) for no additional fee subject to availability. Not all Programs are available with all Contract variations.

Personal Pension Account Transfer Programs. As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).* Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).


*	Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.

You may instruct us to reallocate portions of your Contract Value invested in Sub-account(s) and Fixed Accumulation Feature into the Personal Pension Account based on any one of the following options:


•	Fixed Dollar Option: You may specify a predetermined fixed amount to be transferred into the Personal Pension Account on a monthly, quarterly, semi-annual, or annual basis. Please see Personal Pension Account Example 5 in Appendix A for more information.

•

Investment Gains Option: You may specify that we annually sweep investment gains into the Personal Pension Account. We define investment gains as the positive difference between your Anniversary Value and starting value (as adjusted by partial Surrenders) as of each Contract Anniversary. Your Anniversary Value is your Contract Value as of each Contract Anniversary (or the first Valuation Day thereafter if the Contract Anniversary does not fall on a Valuation Day) prior to your Annuity Commencement Date. Your starting value is either (a) your initial Premium Payment (if electing this Program at the time of Contract issuance); or (b) your Contract Value as of the date of enrollment (if electing this Program after Contract issuance). Accordingly, your Anniversary Value may increase from year to year and no portion of your Contract Value will be moved into the Personal Pension Account if your Anniversary Value did not exceed your starting value. Please see Personal Pension Account Example 5 in Appendix A for more information.

•

Income Path Option: This Program is intended for those who wish to annually increase the proportion of their Total Balance invested in the Personal Pension Account ending with their Target Income Age. You must set the annually increasing portion of your Total Balance that is to be invested in the Personal Pension Account (called a “Target Allocation”) when you first enroll in the Program. We will reallocate as much of your Contract Value into the Personal Pension Account as is needed to try to meet your Target Allocation on each Contract Anniversary. We will not reallocate portions of your Benefit Balance back into Contract Value. The amount of Contract Value transferred to the Personal Pension Account can not be predicted because your Contract Value may go up or down during each Contract Year. In those Contract Years, if any, where your Contract Value has not grown to the level needed to meet your Target Allocation, you will not be able to reach your Target Allocation for that Contract Anniversary. On those Contract Anniversaries where your Target Allocation is not achievable, we will not transfer any Contract Value to the Personal Pension Account. Since the Target Allocations do not change if you miss a year, a larger reallocation may occur in a subsequent year to catch up to your scheduled Target Allocation. Please see Personal Pension Account Example 5(e) in Appendix A for more information.

We will reduce your Sub-Account and Fixed Accumulation Feature holdings on a dollar for dollar basis according to the proportion of how Contract Value is currently invested. Annual transfers may be suspended for any Contract year where your Contract Value is insufficient to comply with your instructions. Please see Section 6(b) for a description of the Personal Pension Account.

Please see Personal Pension Account Example 5 in Appendix A for more information.

These Programs will terminate:


•	if, as the result of any transfer, your Contract Value is less than that required by our minimum amount rules (as defined in the Surrenders section (‘‘What kind of Surrenders are available - Before the Annuity Commencement Date’’));


•	upon our receipt of due proof of death;


•	if you annuitize your Contract; or


•	if we receive your request to terminate the Program at least five Business Days prior to the next scheduled transfer date. If we do not receive the request in this period, the request will be honored on the next scheduled transfer date.

The Income Path program will automatically terminate at your Target Income Age (when your Target Allocation is reached).

Other considerations:


•	These Programs do not assure a profit nor do they protect against loss in declining markets.


•	Only one Transfer Program option may be active at any given time. If you wish to change to another Transfer Program option, you must terminate your current Transfer Program and establish a new one of your choice.


•	Transfer of Contract Value from Sub-account(s) or Fixed Accumulation Feature to the Personal Pension Account may result in a recalculation of AWA and Remaining Gross Premium and may result in a reduction of your AWA. Program transfers may also trigger a proportionate reduction in death benefits under the Return of Premium III and Maximum Anniversary Value III.


•	Amounts transferred into the Personal Pension Account will be assigned then current credited interest rates and payout rates as of the date of the transfer. Your existing Target Income Age applies to all transfers into the Personal Pension Account.

•

You must have at least $1,000 in the Personal Pension Account’s prior to enrolling in any of these Programs. The minimum amount that may be transferred to the Personal Pension Account is $1,000. If the minimum amount per transfer is not met under the Fixed Dollar Option program, the transfer frequency will be changed to satisfy the minimum requirement. If the minimum amount per transfer is not met under the Investment Gains program or the Income Path program, that particular scheduled transfer instance will not occur, but the Program will remain active.


•	The Investment Gains and Fixed Dollar programs may not be enrolled in if any of the following programs are currently elected: Automatic Income Program including Automatic Required Minimum Distribution programs, Dollar Cost Averaging program, or the Substantially Equal Periodic Payments Under Code Section 72(q) Program.


•	The Personal Pension Account Transfer Programs Investment Gains and Income Path Options are not available if you elect either the Future5 or Future6 or the Safety Plus.


•	InvestEase

This electronic funds transfer feature allows you to have money automatically transferred from your checking or savings account and deposited into your Contract on a monthly or quarterly basis. It can be changed or discontinued at any time. The minimum amount for each transfer is $50. You can elect to have transfers made into any available Fund, the Fixed Accumulation Feature, or the Personal Pension Account.


•	Static Asset Allocation Models

This feature allows you to select an asset allocation model based on several potential factors including your risk tolerance, time horizon, investment objectives, or your preference to invest in certain Funds or Fund families. Based on these factors, you can select one of several asset allocation models, with each specifying percentage allocations among various Funds available under your Contract. Some asset allocation models are based on generally accepted investment theories that take into account the historic returns of different asset classes (e.g., equities, bonds or cash) over different time periods. Other asset allocation models focus on certain potential investment strategies that could possibly be achieved by investing in particular Funds or Fund families and are not based on such investment theories. Static asset allocation models offered from time to time are reflected in your application and marketing materials. You may obtain a copy of the current models by contacting your Financial Intermediary. Please see Appendix E for models that are available to you.

You may invest in an asset allocation model through the Dollar Cost Averaging Program where the Fixed Accumulation Feature, or Personal Pension Account is the source of the assets to be invested in the asset allocation model you have chosen. You can also participate in these asset allocation models while enrolled in the InvestEase or Automatic Income Program.

You can switch asset allocation models up to twelve times per year. Your ability to elect or switch into and between asset allocation models may be restricted based on Fund abusive trading restrictions.

Your investments in an asset allocation model will be rebalanced quarterly to reflect the model’s original percentages and you may cancel your model at any time subject to investment restrictions for maintaining certain optional riders.

We have no discretionary authority or control over your investment decisions. These asset allocation models are based on then available Funds and do not include the Fixed Accumulation Feature or the Personal Pension Account. We make available educational information and materials (e.g., risk tolerance questionnaire, pie charts, graphs, or case studies) that can help you

select an asset allocation model, but we do not recommend asset allocation models or otherwise provide advice as to what asset allocation model may be appropriate for you.

While we will not alter allocation percentages used in any asset allocation model, allocation weightings could be affected by mergers, liquidations, fund substitutions or closures. Availability of these models is subject to Fund company restrictions. Please refer to “What Restrictions Are There on your Ability to Make a Sub-Account Transfer?” for more information.

You will not be provided with information regarding periodic updates to the Funds and allocation percentages in the asset allocation models, and we will not reallocate your Contract Value based on those updates. Information on updated asset allocation models may be obtained by contacting your Investment Professional. If you wish to update your asset allocation model, you may do so by terminating your existing model and re-enrolling into a new one. Investment alternatives other than these asset allocation models are available that may enable you to invest your Contract Value with similar risk and return characteristics. When considering an asset allocation model for your individual situation, you should consider your other assets, income and investments in addition to this annuity.

Asset allocation does not guarantee that your Contract Value will increase nor will it protect against a decline if market prices fall. If you choose to participate in an asset allocation program, you are responsible for determining which asset allocation model is best for you. Tools used to assess your risk tolerance may not be accurate and could be useless if your circumstances change over time. Although each asset allocation model is intended to maximize returns given various levels of risk tolerance, an asset allocation model may not perform as intended. Market, asset class or allocation option performance may differ in the future from historical performance and from the assumptions upon which the asset allocation model is based, which could cause an asset allocation model to be ineffective or less effective in reducing volatility. An asset allocation model may perform better or worse than any single Fund, allocation option or any other combination of Funds or allocation options. In addition, the timing of your investment and automatic rebalancing may affect performance. Quarterly rebalancing and periodic updating of asset allocation models can cause their component Funds to incur transactional expenses to raise cash for money flowing out of Funds or to buy securities with money flowing into the Funds. Moreover, large outflows of money from the Funds may increase the expenses attributable to the assets remaining in the Funds. These expenses can adversely affect the performance of the relevant Funds and of the asset allocation models. In addition, these inflows and outflows may cause a Fund to hold a large portion of its assets in cash, which could detract from the achievement of the Fund’s investment objective, particularly in periods of rising market prices. For additional information regarding the risks of investing in a particular Fund, see that Fund’s prospectus.

Additional considerations apply for qualified Contracts with respect to Static Asset Allocation Model Programs. Neither we, nor any third party service provider, nor any of their respective affiliates, is acting as a fiduciary under The Employee Retirement Income Security Act of 1974, as amended (ERISA) or the Code, in providing any information or other communication contemplated by any Program, including, without limitation, any asset allocation models. That information and communications are not intended, and may not serve as a primary basis for your investment decisions with respect to your participation in a Program. Before choosing to participate in a Program, you must determine that you are capable of exercising control and management of the assets of the plan and of making an independent and informed decision concerning your participation in the Program. Also, you are solely responsible for determining whether and to what extent the Program is appropriate for you and the assets contained in the qualified Contract. Qualified Contracts are subject to additional rules regarding participation in these Programs. It is your responsibility to ensure compliance of any recommendation in connection with any asset allocation model with governing plan documents.


•	Asset Rebalancing

In asset rebalancing, you select a portfolio of Funds, and we will rebalance your assets at the specified frequency to reflect the original allocation percentages you selected (choice of frequency may be limited when certain optional riders are elected). You can also combine this Program with others such as the Automatic Income Program, InvestEase and DCA Programs (subject to restrictions). You may designate only one set of asset allocation instructions at a time.


•	Dollar Cost Averaging Programs

Dollar Cost Averaging is a program that allows you to systematically make transfers into Funds available in your Contract over a period of time. Since the transfer to Funds occurs at regularly scheduled intervals, regardless of price fluctuations, you may ultimately have an average cost per share that is lower. We offer two Dollar Cost Averaging Programs:


•	Fixed Amount DCA


•	Earnings/Interest DCA

Fixed Amount DCA — This feature allows you to regularly transfer (monthly or quarterly) a fixed amount from the Fixed Accumulation Feature (if available based on the Contract selected) or any Fund(s) into different Fund(s) or the Personal Pension Account. This program begins in fifteen days unless you instruct us otherwise. You must make at least three transfers in order to remain in this Program. Please note that no additional Premium Payments or Account Value may be allocated to the Fixed Accumulation Feature as of October 4, 2013 and effective October 3, 2014 no new Personal Pension Account Contributions will be allowed (both subject to state exclusions).

Earnings/Interest DCA — This feature allows you to regularly transfer (monthly or quarterly) the earnings (i.e., any gains over the previous month’s or quarter’s value) from your investment in the Fixed Accumulation Feature (if available based on the form of Contract selected) or any Fund(s) into other Fund(s) or the Personal Pension Account. This program begins two business days plus the frequency selected unless you instruct us otherwise. You must make at least three transfers in order to remain in this Program.


•	Automatic Income Program

This systematic withdrawal feature allows you to make partial Surrenders up to 5% of your total Premium Payments each Contract Year. You can designate the Funds to be surrendered from and also choose the frequency of partial Surrenders (monthly, quarterly, semiannual, or annually). The Personal Pension Account is not an eligible source Fund for partial Surrenders facilitated through the Automatic Income Program. The minimum amount of each Surrender is $100. Amounts taken under this program will count towards the AWA and may be subject to a CDSC. If received prior to age 59½, may have adverse tax consequences, including a 10% federal income tax penalty on the taxable portion of the Surrender payment. You may satisfy Code Section 72(t)/(q) requirements by enrolling in this program. Please see the “Appendix Tax” and consult your tax adviser for information about the tax consequences associated with your Contract. Your level of participation in this program may result in your exceeding permissible withdrawal limits under certain optional riders.


•	Other Program considerations


•	You may terminate your enrollment in any Program at any time.


•	We may discontinue, modify or amend any of these Programs at any time. Your enrollment authorizes us to automatically and unilaterally amend your enrollment instructions if:


•	any Fund is merged or substituted into another Fund — then your allocations will be directed to the surviving Fund; or


•	any Fund is liquidated — then your allocations to that Fund will be directed to any available money market Fund following prior notifications prior to reallocation (subject to applicable state law).

You may always provide us with updated instructions following any of these events.


•	Continuous or periodic investment neither insures a profit nor protects against a loss in declining markets. Because these Programs involve continuous investing regardless of fluctuating price levels, you should carefully consider your ability to continue investing through periods of fluctuating prices.


•	The Personal Pension Account and all optional living and death benefit riders have different withdrawal limitations. Breaking these limits can have a significant adverse effect on your rights and future benefits. Participation in a systematic withdrawal program (including systematic transfers into the Personal Pension Account, if available) may cause you to break these limits.


•	These Programs may be modified, terminated or adversely impacted by the imposition of Fund trading policies.

Can you transfer from one Sub-Account to another?

Yes. During those phases of your Contract when transfers are permissible, you may make transfers between Funds and/or Benefit Balance according to the following policies and procedures, as they may be amended from time to time. In addition, there may be investment restrictions applicable to your contract in conjunction with certain riders as described in this prospectus.

What is a Sub-Account Transfer?

A Sub-Account transfer is a transaction requested by you that involves reallocating part or all of your Contract Value among the Funds available in your Contract. Your transfer request will be processed at the net asset value of each Fund share as of the end of the Valuation Day that it is received In Good Order. Otherwise, your request will be processed on the following Valuation Day. We will send you a confirmation when we process your transfer. You are responsible for verifying transfer confirmations and promptly advising us of any errors within thirty days of receiving the confirmation.

What Happens When you Request a Sub-Account Transfer?

Many Owners request Sub-Account transfers. Some request transfers into (purchases) a particular Sub-Account, and others request transfers out of (redemptions) a particular Sub-Account. In addition, some Owners allocate new Premium Payments to Sub-Accounts, and others request Surrenders. We combine all the daily requests to transfer out of a Sub-Account along with all Surrenders from that Sub-Account and determine how many shares of that Fund we would need to sell to satisfy all Owners’ “transfer-out” requests. At the same time, we also combine all the daily requests to transfer into a particular Sub-Account or new Premium Payments allocated to that Sub-Account and determine how many shares of that Fund we would need to buy to satisfy all contract owners’ “transfer-in” requests.

In addition, many of the Funds that are available as investment options in our variable annuity products are also available as investment options in variable life insurance policies, retirement plans, funding agreements and other products offered by us. Each day, investors and participants in these other products engage in similar transfer transactions.

We take advantage of our size and available technology to combine sales of a particular Fund for many of the variable annuities, variable life insurance policies, retirement plans, funding agreements or other products offered by us. We also combine transfer-out requests and transfer-in requests. We then “net” these trades by offsetting purchases against redemptions. Netting trades

has no impact on the net asset value of the Fund shares that you purchase or sell. This means that we sometimes reallocate shares of a Fund rather than buy new shares or sell shares of the Fund.

For example, if we combine all transfer-out requests of a stock Fund with all other transfer-out requests of that Fund from all our other products, we may have to sell $1 million dollars of that Fund on any particular day. However, if other Owners and the owners of other products offered by us, want to transfer-in an amount equal to $300,000 of that same Fund, then we would send a sell order to the Fund for $700,000 (a $1 million sell order minus the purchase order of $300,000) rather than making two or more transactions.

What Restrictions Are There on your Ability to Make a Sub-Account Transfer?

First, you may make only one Sub-Account transfer request each day. We count all Sub-Account transfer activity that occurs on any one Valuation Day as one Sub-Account transfer, however, you cannot transfer the same Contract Value more than once a Valuation Day.

Examples



Transfer Request Per Valuation Day	Permissible?
Transfer $10,000 from a money market Sub-Account to a growth Sub-Account	Yes
Transfer $10,000 from a money market Sub-Account to any number of other Sub-Accounts (dividing the $10,000 among the other Sub-Accounts however you chose)	Yes
Transfer $10,000 from any number of different Sub-Accounts to any number of other Sub-Accounts	Yes
Transfer $10,000 from a money market Sub-Account to a growth Sub-Account and then, before the end of that same Valuation Day, transfer the same $10,000 from the growth Sub-Account to an international Sub-Account	No

Second, you are allowed to submit a total of twenty Sub-Account transfers each Contract Year (the transfer rule) by internet or telephone. Once you have reached the maximum number of Sub-Account transfers, you may only submit any additional Sub-Account transfer requests and any trade cancellation requests in writing through U.S. Mail or overnight delivery service. In other words, Internet or telephone transfer requests will not be honored. We may, but are not obligated to, notify you when you are in jeopardy of approaching these limits. For example, we will send you a letter after your tenth Sub-Account transfer to remind you about the transfer rule. After your twentieth transfer request, our computer system will not allow you to do another Sub-Account transfer by telephone or via the internet. You will then be instructed to send your Sub-Account transfer request by U.S. Mail or overnight delivery service.

We reserve the right to aggregate your Contracts (whether currently existing or those recently Surrendered) for the purposes of enforcing these restrictions.

The transfer rule does not apply to Sub-Account transfers that occur automatically as part of a company-sponsored Program, such as a Contract exchange program that may be offered by us from time to time. Reallocations made based on a Fund merger or liquidation also do not count toward this Transfer Limit. Restrictions may vary based on state law.

We make no assurances that the transfer rule is or will be effective in detecting or preventing market timing.

Third, policies have been designed to restrict excessive Sub-Account transfers. You should not purchase this Contract if you want to make frequent Sub-Account transfers for any reason. In particular, don’t purchase this Contract if you plan to engage in “market timing,” which includes frequent transfer activity into and out of the same Fund, or frequent Sub-Account transfers in order to exploit any inefficiencies in the pricing of a Fund. Even if you do not engage in market timing, certain restrictions may be imposed.

Generally, you are subject to Fund trading policies, if any. We are obligated to provide, at the Fund’s request, tax identification numbers and other shareholder identifying information contained in our records to assist Funds in identifying any pattern or frequency of Sub-Account transfers that may violate their trading policy. In certain instances, we have agreed to serve as a Fund’s agent to help monitor compliance with that Fund’s trading policy.

We are obligated to follow each Fund’s instructions regarding enforcement of their trading policy. Penalties for violating these policies may include, among other things, temporarily or permanently limiting or banning you from making Sub-Account transfers into a Fund or other funds within that fund complex. We are not authorized to grant an exception to a Fund’s trading policy. Please refer to each Fund’s prospectus for more information. Transactions that cannot be processed because of Fund trading policies will be considered not In Good Order.

In certain circumstances, Fund trading policies do not apply or may be limited. For instance:


•	Certain types of Financial Intermediaries may not be required to provide us with shareholder information.


•	Excepted funds, such as money market funds and any Fund that affirmatively permits short-term trading of its securities may opt not to adopt this type of policy. This type of policy may not apply to any Financial Intermediary that a Fund treats as a single investor.


•	A Fund can decide to exempt categories of Contract holders whose Contracts are subject to inconsistent trading restrictions or none at all.

•

Non-shareholder initiated purchases or redemptions may not always be monitored. These include Sub-Account transfers that are executed: (i) automatically pursuant to a company-sponsored contractual or systematic program such as transfers of assets as a result of Dollar Cost Averaging programs, asset allocation programs, automatic rebalancing programs, Annuity Payouts, or systematic withdrawal programs; (ii) as a result of the payment of a Death Benefit; (iii) as a result of any deduction of charges or fees under a Contract; or (iv) as a result of payments such as scheduled contributions, scheduled withdrawals or Surrenders, retirement plan salary reduction contributions, or planned Premium Payments.

Possibility of undetected abusive trading or market timing. We may not be able to detect or prevent all abusive trading or market timing activities. For instance:


•	Since we net all the purchases and redemptions for a particular Fund for this and many of our other products, transfers by any specific market timer could be inadvertently overlooked.


•	Certain forms of variable annuities and types of Funds may be attractive to market timers. We cannot provide assurances that we will be capable of addressing possible abuses in a timely manner.

•

These policies apply only to individuals and entities that own this Contract or have the right to make transfers (regardless of whether requests are made by you or anyone else acting on your behalf). However, the Funds that make up the Sub-Accounts of this Contract are also available for use with many different variable life insurance policies, variable annuity products and funding agreements, and are offered directly to certain qualified retirement plans. Some of these products and plans may have less restrictive transfer rules or no transfer restrictions at all.

•

In some cases, we are unable to count the number of Sub-Account transfers requested by group annuity participants co-investing in the same Funds (participants) or enforce the Transfer Rule because we do not keep participants’ account records for a Contract. In those cases, the participant account records and participant Sub-Account transfer information are kept by such owners or its third party service provider. These owners and third party service providers may provide us with limited information or no information at all regarding participant Sub-Account transfers.

How are you affected by frequent Sub-Account Transfers?

We are not responsible for losses or lost investment opportunities associated with the effectuation of these policies. Frequent Sub-Account transfers may result in the dilution of the value of the outstanding securities issued by a Fund as a result of increased transaction costs and lost investment opportunities typically associated with maintaining greater cash positions. This can adversely impact Fund performance and, as a result, the performance of your Contract Value. This may also lower the Death Benefit paid to your Beneficiary or lower Annuity Payouts for your Payee as well as reduce the value of other optional benefits available under your Contract.

Separate Account investors could be prevented from purchasing Fund shares if we reach an impasse on the execution of a Fund’s trading instructions. In other words, a Fund complex could refuse to allow new purchases of shares by all our variable product investors if the Fund and we cannot reach a mutually acceptable agreement on how to treat an investor who, in a Fund’s opinion, has violated the Fund’s trading policy.

In some cases, we do not have the tax identification number or other identifying information requested by a Fund in our records. In those cases, we rely on the Contract Owner to provide the information. If the Contract Owner does not provide the information, we may be directed by the Fund to restrict the Owner from further purchases of Fund shares. In those cases, all participants under a plan funded by the Contract will also be precluded from further purchases of Fund shares.

Mail, Telephone and Internet Transfers

You may make transfers through the mail or your Financial Intermediary. You may also make transfers by calling us or through our website. Transfer instructions received by telephone before the end of any Valuation Day will be carried out at the end of that day. Otherwise, the instructions will be carried out at the end of the next Valuation Day.

Transfer instructions you send electronically are considered to be received by us at the time and date stated on the electronic acknowledgment we return to you. If the time and date indicated on the acknowledgment is before the end of any Valuation Day, the instructions will be carried out at the end of that Valuation Day. Otherwise, the instructions will be carried out at the end of the next Valuation Day. If you do not receive an electronic acknowledgment, you should contact us as soon as possible.

We will send you a confirmation when we process your transfer. You are responsible for verifying transfer confirmations and promptly reporting any inaccuracy or discrepancy to us and your investment professional. Any verbal communication should be reconfirmed in writing.

Telephone or Internet transfer requests may currently only be canceled by calling us before the end of the Valuation Day you made the transfer request.

We and our agents are not responsible for losses resulting from telephone or electronic requests that we believe are genuine. We will use reasonable procedures to confirm that instructions received by telephone or through our website are genuine, including a requirement that Contract Owners provide certain identification information, including a personal identification

number. We record all telephone transfer instructions. We may suspend, modify, or terminate telephone or electronic transfer privileges at any time.

Power of Attorney

You may authorize another person to conduct financial and other transactions on your behalf by submitting a copy of a power of attorney (POA) executed by you that meets the requirements of your resident state law. Once we have the POA on file, we will accept transaction requests, including transfer instructions, subject to our transfer restrictions, from your designated agent (attorney-in-fact). We reserve the right to request an affidavit or certification from the agent that the POA is in effect when the agent makes such transactions. You may instruct us to discontinue honoring the POA at any time.

b. Charges and Fees

In addition to the following charges, there are optional riders that if elected, assess an additional charge. Please see Sections 5, 6 and 7 for more information.

Mortality and Expense Risk Charge

We deduct a daily charge for assuming mortality and expense risks under the Contract. This charge is deducted from your Sub-Account Value.

The mortality and expense risk charge is broken into charges for mortality risks and for an expense risk:


•	Mortality Risk — There are two types of mortality risks that we assume, those made while your Premium Payments are accumulating and those made once Annuity Payouts have begun.

During the accumulation phase of your Contract, we are required to cover any difference between the Death Benefit paid and the Surrender Value. These differences may occur in periods of declining value or in periods where any CDSCs would have been applicable. The risk that we bear during this period is that actual mortality rates, in aggregate, may exceed expected mortality rates.

Once Annuity Payouts have begun, we may be required to make Annuity Payouts as long as the Annuitant is living, regardless of how long the Annuitant lives. The risk that we bear during this period is that the actual mortality rates, in aggregate, may be lower than the expected mortality rates.


•	Expense Risk — We also bear an expense risk that the sales charges (if applicable), Distribution Charge and the Annual Maintenance Fee collected before the Annuity Commencement Date may not be enough to cover the actual cost of selling, distributing and administering the Contract.

Although variable Annuity Payouts will fluctuate with the performance of the Fund selected, your Annuity Payouts will not be affected by (a) the actual mortality experience of our annuitants, or (b) our actual expenses if they are greater than the deductions stated in the Contract. Because we cannot be certain how long our Annuitants will live, we charge this percentage fee based on the mortality tables currently in use. The mortality and expense risk charge enables us to keep our commitments and to pay you as planned. If the mortality and expense risk charge under a Contract is insufficient to cover our actual costs, we will bear the loss. If the mortality and expense risk charge exceeds these costs, we keep the excess as profit. We may use these profits, as well as revenue sharing and Rule 12b-1 fees received from certain Funds, for any proper corporate purpose including, among other things, payment of sales expenses, including the fees paid to distributors. We expect to make a profit from the mortality and expense risk charge.

Annual Maintenance Fee

The Annual Maintenance Fee is a flat fee that is deducted from your Contract Value to reimburse us for expenses relating to the administrative maintenance of the Contract and your Account. The annual charge is deducted on a Contract Anniversary or when the Contract is fully Surrendered if the Total Balance at either of those times is less than $50,000. The charge is deducted proportionately from each Sub-Account in which you are invested.

We will waive the Annual Maintenance Fee if your Total Balance is $50,000 or more on your Contract Anniversary or when you fully Surrender your Contract. In addition, we will waive one Annual Maintenance Fee for Owners who own more than one Contract with a combined Total Balance between $50,000 and $100,000. If you have multiple Contracts with a combined Total Balance of $100,000 or greater, we will waive the Annual Maintenance Fee on all Contracts. However, we may limit the number of waivers to a total of six Contracts. We also may waive the Annual Maintenance Fee under certain other conditions. We do not include Contracts from our Putnam line of variable annuity Contracts with the Contracts when we combine Total Balance for purposes of this waiver.

Administrative Charge

We apply a daily administration charge against all Contract Values held in the Separate Account during both the accumulation and annuity phases of the Contract. This charge compensates us for administrative expenses that exceed revenues from the Annual Maintenance Fee described above. There is not necessarily a relationship between the amount of administrative charge imposed on a given Contract and the amount of expenses that may be attributable to that Contract; expenses may be more or less than the charge.

Distribution Charge

We apply an annual distribution charge against all Premium Payments based on Remaining Gross Premiums invested (the “Distribution Charge”). The Distribution Charge will apply to each Premium Payment that has been invested for eight years or less and will be deducted on each Contract Anniversary. The Distribution Charge will be assessed only with respect to Contract Value invested in Sub-Accounts and not investments in the Fixed Accumulation Feature or the Personal Pension Account. Each Premium Payment has its own Distribution Charge schedule. The Distribution Charge will also apply to any partial Surrender in excess of the AWA. The Distribution Charge is intended to compensate us for a portion of our acquisition expenses, including promotion and distribution of the Contract. A proportional Distribution Charge will be deducted upon:


•	partial Surrenders in excess of the AWA (partial Surrenders are taken on a first-in, first-out basis);


•	full Surrender;


•	full or partial Annuitization, and/or


•	the date we receive due proof of death of the Owner, joint Owner, or the Annuitant and upon a corresponding full Surrender and/or annuitization and upon a Death Benefit distribution if elected at a later date.

If a Beneficiary elects to continue under any of the available options described under the “Standard Death Benefits” section below, we will continue to deduct the Distribution Charge, based on the portion of Remaining Gross Premium applicable for that Beneficiary. The Distribution Charge is taken proportionally out of the Sub-Accounts.

Premium Taxes

The amount of tax, if any, charged by federal, state, or other governmental entity on Premium Payments or Contract Values. On any contract subject to a Premium Tax, We may deduct the tax on a pro-rata basis from the Sub-Accounts at the time We pay the tax to the applicable taxing authorities, at the time the contract is surrendered, at the time death benefits are paid or on the Annuity Commencement Date. The Premium Tax rate varies by state or municipality. Currently the maximum rate charged by any state is 3.5% and 1.0% in Puerto Rico.

Sales Charges

Contingent Deferred Sales Charges

Subject to the exclusions below, we may deduct a CDSC when you make Surrenders or withdraw commuted value/annuity payouts under Annuity Payout Options Two, Three, Five, Six and Eight. This charge is designed to recover acquisition expenses that have not yet been recouped from revenue generated by your Contract.

We use the following general approach to calculating your CDSC:


1.	Deposits that have been invested for longer than the applicable CDSC period can always be taken out free of any CDSC. Please see the Fee Summary for a description of CDSC periods applicable to your share class.

If the amount of money that you wish to take out is less than your AWA (as described below), plus any amount from step 1, then this sum will also be paid to you without the imposition of a CDSC. We will presume that the money you took out came from your oldest Deposits to try to minimize your CDSC. This may impact whether subsequent withdrawals might be subject to a CDSC. No further steps will be applied.


3.	Assuming that steps 1 and 2 do not apply because the amount of money that you wish to take out is more than your AWA and is still subject to a CDSC, then we will deduct your AWA from the amount of the money you wish to take out and then process your request using steps 4-6.

We will then multiply Remaining Gross Premiums (investments which have not been subject to a CDSC) by a factor. The factor is generally equal to the amount of money from step 3 divided by the remaining value of your investment above the AWA. If you take a Surrender during declining market conditions, Remaining Gross Premiums will have the affect of increasing the percentage of your Account Value that is subject to a CDSC.

We will then take the amount of money from step 4 and multiply it by the corresponding CDSC percentage as shown in the Fee Summary using the applicable CDSC schedule. Each Deposit has its own CDSC schedule regardless of whether it has been invested in the Personal Pension Account, Sub-Accounts or the Fixed Accumulation Feature. We will presume that the money you took out came from your oldest Deposits to try to minimize your CDSC. This may impact whether subsequent withdrawals might be subject to a CDSC.


6.	We then deduct the CDSC calculated in step 5 from the amount of money in step 4 and pay the remaining balance to you. These same steps are generally used when a CDSC is charged upon commuted value or annuity payouts (as applicable under the Annuity Payout Options noted above).

Please refer to Examples 1 through 7 under the CDSC Examples in Appendix A for further information about how these formulas will be applied.

The following are NOT subject to a CDSC:


•	AWA — During a period where a CDSC may be applied, you may Surrender up to the greater of:


•	5% of Deposits that would otherwise be subject to a CDSC, or


•	earnings.

We compute the AWA as of the end of the Valuation Day when a partial Surrender or commutation request is received by us in good order.

You may not carry over unused portions of your AWA from one year to another.


•	Regularly scheduled Personal Pension Account Payouts.


•	Regularly scheduled Lifetime Benefit Payments and/or Threshold Payments.


•	Transfers to and from the Personal Pension Account.


•	If you are a patient in a certified long-term care facility or other eligible facility — CDSC will be waived for a partial or full Surrender if you, the joint Owner or the Annuitant, are confined for at least 180 calendar days to a:


•	facility recognized as a general hospital by the proper authority of the state in which it is located or the Joint Commission on the Accreditation of Hospitals;


•	facility certified as a hospital or long-term care facility; or


•	nursing home licensed by the state in which it is located and offers the services of a registered nurse 24 hours a day.

For this waiver to apply, you must:


•	have owned the Contract continuously since it was issued,


•	provide written proof of your eligibility satisfactory to us, and


•	request the Surrender within ninety-one calendar days after the last day that you are an eligible patient in a recognized facility or nursing home.

This waiver is not available if the Owner, the joint Owner or the Annuitant is in a facility or nursing home when you purchase the Contract. We will not waive any CDSC applicable to any Premium Payments made while you are in an eligible facility or nursing home. This waiver can be used any time after the first 180 days in a certified long-term care facility or other eligible facility up until ninety days after exiting such a facility. This waiver may not be available in all states.


•	Upon death of the Annuitant or any Contract Owner(s) — CDSC will be waived if the Annuitant or any Contract Owner(s) dies.


•	Upon Annuitization — CDSC will be waived when you annuitize the Contract. However, we will charge a CDSC if the Contract is Surrendered during the CDSC period under an Annuity Payout Option which allows commutation.


•	For RMDs — CDSC will be waived for any Annuitant age 70½ or older with a Contract held under an IRA who Surrenders an amount equal to the RMD for one year’s required minimum distribution for that Contract Year. All requests for RMDs must be in writing.


•	For substantially equal periodic payments — CDSC will be waived if you take partial Surrenders under the Automatic Income Program where you receive a scheduled series of substantially equal periodic payments for the greater of five years or to age 59½.


•	Upon cancellation during the Right to Cancel Period — CDSC will be waived if you cancel your Contract during the Right to Cancel Period.


•	Exchanges — As an accommodation, we may, in our sole discretion, time-credit CDSC for the time that you held an annuity previously issued by us.


•	Settlements — We may, in our sole discretion, waive or time-credit CDSCs in connection with the settlement of disputes or if required by regulatory authorities.

Charges Against the Funds

Annual Fund Operating Expenses — The Separate Account purchases shares of the Funds at net asset value. The net asset value of the Fund reflects investment advisory fees, distribution fees, operating expenses and administrative expenses already deducted from the assets of the Funds. These charges are described in the Funds’ prospectuses and the Fee Summary.

Other disclosure specific to Invesco V.I. Government Money Market Fund

The Invesco V.I. Government Money Market Fund will continue to use the amortized cost method of valuation to seek to maintain a stable $1.00 net asset value and does not intend to impose liquidity fees or redemption gates on Fund redemptions. The Fund's board reserves the right to impose a liquidity fee or redemption gate in the future upon prior notice to shareholders and in conformance to Rule 2a-7 of the Investment Company Act of 1940. Further detail regarding these changes is set forth in the fund's prospectus.

Reduced Fees and Charges

We may offer, in our discretion, reduced fees and charges for certain Contracts (including employer-sponsored savings plans) which may result in decreased costs and expenses.

c. Surrenders

What kinds of Surrenders are available?

Before the Annuity Commencement Date:

Full Surrenders/Contract Termination — When you Surrender or terminate your Contract before the Annuity Commencement Date, the Surrender Value of the Contract will be made in a lump sum payment. The Surrender Value is the Contract Value minus any applicable premium taxes, CDSCs, a pro-rated portion of optional benefit charges, if applicable, Distribution Charges and the Annual Maintenance Fee. The Surrender Value may be more or less than the amount of the Premium Payments made to a Contract.

For information on how termination of the Contract impacts the Personal Pension Account, see “Personal Pension Account” section above.

Partial Surrenders — You may request a partial Surrender of Contract Value at any time before the Annuity Commencement Date. We will deduct any applicable CDSC and Distribution Charge. However, on a noncumulative basis, you may make partial Surrenders during any Contract Year, up to the Annual Withdrawal Amount allowed and the Contingent Deferred Sales Charge will not be assessed against such amounts. Surrender of Contract Values in excess of the Annual Withdrawal Amount and additional surrenders made in any Contract Year will be subject to the Contingent Deferred Sales Charge. You can ask us to deduct the CDSC and Distribution Charge from the amount you are Surrendering or from your remaining Contract Value. If we deduct the CDSC from your remaining Contract Value, that amount will also be subject to CDSC. This is our default option.

Both full and partial Surrenders of Contract Value are taken proportionally out of the Sub-Accounts and the Fixed Accumulation Feature unless prohibited by your state.

There are several restrictions on partial Surrenders of Contract Value before the Annuity Commencement Date:


•	the partial Surrender of Contract Value must be at least equal to $500, and

•

your Total Balance must be equal to or greater than our then current Minimum Amount Rule that we establish according to our then current policies and procedures. The “minimum amount rule” refers to the minimum Total Balance that you must maintain within this Contract. If you fail to comply with the minimum amount rule, we reserve the right to fully terminate your Contract. The minimum amount rule varies by share class. Currently the minimum amount rule is $2,000. We may increase the minimum amount rule from time to time but in no event shall the minimum amount rule exceed $10,000.

You may only commute all or a portion of Personal Pension Account Payouts by following the procedures described below in the “After the Annuity Commencement Date” section below.

Withdrawals will reduce your standard Death Benefit on a dollar-for-dollar basis. Please consult with your Investment Professional to be sure that you fully understand the ways such a decision will affect your Contract.

Under certain circumstances we had permitted certain Contract Owners to reinstate their Contracts when a Contract Owner had requested a Surrender (either full or Partial) and returned the forms in good order to us. As of October 4, 2013, we no longer allow Contract Owners to reinstate their Contracts when a Contract Owner requests a Surrender (either full or Partial).

After the Annuity Commencement Date:

Full Surrenders/Contract Termination — You may Surrender and thus terminate your Contract on or after the Annuity Commencement Date only if you selected Annuity Payout Options Two, Three, Five, Six or Eight. In the event you take a full Surrender and thereby terminate your Contract after electing Annuity Payout Options Two, Three, Five, or Eight, you will forfeit the life contingent payments payable under these options. Upon Contract termination, we pay you the Commuted Value, minus any applicable CDSCs and Premium tax.

Partial Surrenders/Commutation — Partial Surrenders and/or commutation are permitted after the Annuity Commencement Date if you select the Annuity Payout Option Two, Three, Five, or Six, or Eight. You may withdraw amounts equal to the Commuted Value of the payments that we would have made during the Guaranteed Payout Duration. See Example 4 and footnote 3 under the Personal Pension Account Examples in Appendix A for an illustration of Personal Pension Account Commuted Value and the computation of Guaranteed Payout Duration. If you select the Annuity Payout Options Two or Eight, the Guaranteed Payout Duration will be equivalent to the Annuity Payout Value divided by the Annuity Payout amount, rounded down. To qualify under these Annuity Payout Options you must make the request before the Guaranteed Payout Duration expires. Both full and partial Surrenders of Contract Value are taken proportionally out of the Sub-Accounts and the Fixed Accumulation Feature unless prohibited by your state. We will deduct any applicable CDSCs.

If you elect to withdraw the entire Commuted Value of the Annuity Payouts we would have made during the Guaranteed Payout Duration, we will not make any Annuity Payouts during the remaining Guaranteed Payout Duration. If you elect to withdraw only some of the Commuted Value of the Annuity Payouts we would have made during the Guaranteed Payout Duration, we will reduce the remaining Annuity Payouts during the remaining Guaranteed Payout Duration on a first-in, first-out basis. Once the Guaranteed Payout Duration has expired, you may resume receiving Annuity Payouts provided that Personal Pension Account Payouts have not been terminated based on a death event pursuant to the relevant Annuity Payout

Option, and you have not terminated your Contract.

Annuity Payout Options may not be available if the Contract is issued to qualify under Code Sections 401, 408, or 457.

What is the Commuted Value?

You may choose to accelerate Annuity Payouts under certain Annuity Payout Options to be received in one lump sum. This is referred to as “commuting” your Annuity Payout.

The amount that you request to commute must be at least equal to $500. There will be a waiting period of at least thirty days for payment of any lump sum commutation.

Upon commutation, the Annuity Payout Value or the remaining Guaranteed Payout Duration payments, as applicable, will be discounted based on an interest rate that we determine at our sole discretion (the “discount rate”). The discount rate may be different than the interest rate used to establish payout rates. We determine the discount rate based on a number of factors including then current interest rate(s), investment assumptions and the additional anti-selection and mortality risk we incur by permitting commutation. The higher the discount rate and CDSC, the lower the amount that you will receive.

Commuted Value of your Personal Pension Account will be less than your Annuity Payout Value. Except as provided in the immediately preceding section, commutation does not affect resumption of life contingent Personal Pension Account Payouts at the conclusion of the applicable Guaranteed Payout Duration.

Commuted Value is determined on the day we receive your written request.

Does the Invesco V.I. Government Money Market Fund impose a fee or gate for redemption?

The Invesco V.I. Government Money Market Fund will continue to use the amortized cost method of valuation to seek to maintain a stable $1.00 net asset value and does not intend to impose liquidity fees or redemption gates on Fund redemptions. The Fund’s board reserves the right to impose a liquidity fee or redemption gate in the future upon prior notice to shareholders and in conformance to Rule 2a-7 of the Investment Company Act of 1940. Further detail is set forth in the Fund’s prospectus.

How do you request a Surrender?

Requests for full Surrenders terminating your Contract must be in writing. Requests for partial Surrenders can be made in writing, by telephone or via the internet. We will send your money within seven days of receiving complete instructions. However, we may postpone payment whenever: (a) the New York Stock Exchange is closed, (b) trading on the New York Stock Exchange is restricted by the SEC, (c) the SEC permits and orders postponement or (d) the SEC determines that an emergency exists to restrict valuation.

We may also postpone payment of Surrenders with respect to a money market Fund if the board of directors of the underlying money market Fund suspends redemptions from the Fund in connection with the Fund’s plan of liquidation, in compliance with rules of the SEC or an order of the SEC.

We may defer payment of any amounts from the Fixed Accumulation for up to six months from the date of the request to Surrender. If we defer payment for more than thirty days, we will pay interest of at least 3% per annum on the amount deferred.

Written Requests — Complete a Surrender form or send us a letter, signed by you, stating:


•	the dollar amount that you want to receive, either before or after we withhold taxes and deduct for any applicable charges,


•	your tax withholding amount or percentage, if any, and


•	your disbursement instructions, including your mailing address.

You may submit this form via mail or fax.

Unless you specify otherwise, we will provide the dollar amount you want to receive after applicable taxes and charges as the default option.

If there are joint Owners, both must authorize these transactions. For a partial Surrender, specify the Sub-Accounts that you want your Surrender to come from (this may be limited to pro-rata Surrenders if optional benefits are elected); otherwise, the Surrender will be taken in proportion to the value in each Sub-Account.

Telephone or Internet Requests —To request a partial Surrender by telephone or internet, we must have received your completed Internet Partial Withdrawal/Telephone Redemption Authorization Form. If there are joint Owners, both must sign the form. By signing the form, you authorize us to accept telephone or internet instructions for partial Surrenders from either Owner. Telephone or Internet authorization will remain in effect until we receive a written cancellation notice from you or your joint Owner, we discontinue the program, or you are no longer the Owner of the Contract. Please call us with any questions regarding restrictions on telephone or internet Surrenders.

We may record telephone calls and use other procedures to verify information and confirm that instructions are genuine. We will not be liable for losses or expenses arising from telephone instructions reasonably believed to be genuine.

We may modify the requirements for telephone and/or internet redemptions at any time.

Telephone and internet Surrender instructions received before the end of a Valuation Day will be processed at the end of that Valuation Day. Otherwise, your request will be processed at the end of the next Valuation Day.

Completing a Power of Attorney for another person to act on your behalf may prevent you from making Surrenders via telephone and internet.

What should be considered about taxes?

There are certain tax consequences associated with Surrenders and Personal Pension Account Payouts. Personal Pension Account Payouts shall be considered to be partial annuitizations as such term is defined under the Code. If you make a Surrender or take a Personal Pension Account Payout prior to age 59½, there may be adverse tax consequences, including a 10% federal income tax penalty on the taxable portion of the Surrender payment or Personal Pension Account Payout. Taking these actions before age 59½ may also affect the continuing tax-qualified status of some Contracts.

We do not monitor Surrender requests. Consult your personal tax adviser to determine whether a Surrender is permissible, with or without federal income tax penalty.

More than one Contract owned in the same calendar year — If you own more than one Contract issued by us in the same calendar year, then these Contracts may be treated as one Contract for the purpose of determining the taxation of distributions prior to the Annuity Commencement Date.

Please see “Appendix Tax” for more information.

d. Annuity Payouts

Generally speaking, when you annuitize your Contract, you begin the process of converting Accumulation Units into what is known as the “payout phase.” The payout phase starts when you annuitize your Contract or with your Annuity Commencement Date and ends when we make the last payment required under your Contract. Personal Pension Account Payouts shall be considered to be partial annuitizations as such term is defined under the Code. Once you annuitize your Contract, you may no longer make Personal Pension Account Contributions. You must commence taking Annuity Payouts no later than when you reach your Annuity Commencement Date. Funds allocated to the Personal Pension Account will be paid to you under Annuity Payout Options Two and Eight. Contract Value can only be annuitized under Annuity Payout Options One, Three, Four, Five and Six. Please check with your Investment Professional to select the Annuity Payout Option that best meets your income needs. All Annuity Payout Options are subject to availability in your state.

When do your Annuity Payouts begin?

Personal Pension Account Payouts may begin at any time but we reserve the right to require that you own your Contract for at least six months before you start taking these payments. Contract Value may only be annuitized on the Annuity Commencement Date.

Your Annuity Commencement Date cannot be earlier than your second Contract Anniversary if choosing a fixed dollar Annuity Payout. The Annuity Commencement Date may be immediate if electing a variable dollar amount Annuity Payout. In no event, however, may the Annuity Commencement Date be later than:


•	Annuitant’s 90th birthday (or if the Owner is a Charitable Remainder Trust, the Annuitant’s 100th birthday);


•	10th Contract Anniversary (subject to state variation); or


•	The date that you fully annuitize Accumulation Balance (assuming that no Contract Value exists as of such date). Unless otherwise requested, commencement of receipt of Personal Pension Account Payouts do not constitute an Annuity Commencement Date.

As of October 4, 2013 we no longer allow Contract Owners to extend their Annuity Commencement Date even though we may have granted extensions in the past to you or other similarly situated investors.

Except as otherwise provided, the Annuity Calculation Date is when the amount of your Annuity Payout is determined. This occurs within five Valuation Days before your selected Annuity Commencement Date.

All Annuity Payouts, regardless of frequency, will occur on the same day of the month as the Annuity Commencement Date. After the initial payout, if an Annuity Payout date falls on a non-Valuation Day, the Annuity Payout is computed on the prior Valuation Day. If the Annuity Payout date does not occur in a given month due to a leap year or months with only 30 days (i.e. the 31st), the Annuity Payout will be computed on the last Valuation Day of the month.

Proof of Survival

The payment of any annuity benefit will be subject to evidence that the Annuitant is alive on the date such payment is otherwise due.

Which Annuity Payout Option do you want to use?

Your Contract contains the Annuity Payout Options described below. We may at times offer other Annuity Payout Options. We may change these Annuity Payout Options at any time. Once we begin to make Annuity Payouts, the Annuity Payout Option with respect to that portion of your Contract cannot be changed.


•	Option One — Life Annuity

We make Annuity Payouts as long as the Annuitant is living. When the Annuitant dies, we stop making Annuity Payouts. A Payee would receive only one Annuity Payout if the Annuitant dies after the first payout, two Annuity Payouts if the Annuitant dies after the second payout, and so forth.


•	Option Two — Life Annuity with a Cash Refund

In general, we will make Personal Pension Account Payouts as long as the Annuitant is living. However, when the Owner, joint Owner or Annuitant dies before the Annuity Commencement Date, the Death Benefit will be paid. When the Annuitant dies after the Annuity Commencement Date (and the Owner is living or deceased), then the Beneficiary will receive the Death Benefit.

As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value), except for Contracts issued in CT, FL, NJ and WA. Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account Payouts (fixed dollar amount Annuity Payout) so if you do not have value in the Personal Pension Account as of October 3, 2014, this Annuity Payout Option will not be available to you. Please see the Personal Pension Account Death Benefit section for additional information.


•	Option Three — Life Annuity With Payments for a Period Certain

We will make Annuity Payouts as long as the Annuitant is living, but we at least guarantee to make Annuity Payouts for a time period you select, between five years and 100 years, minus the Annuitant’s age. If the Annuitant dies before the guaranteed number of years has passed, then the Beneficiary may elect to continue Annuity Payouts for the remainder of the guaranteed number of years or receive the Commuted Value in one sum.


•	Option Four — Joint and Last Survivor Life Annuity

We will make Annuity Payouts as long as the Annuitant and Joint Annuitant are living. When one Annuitant dies, we continue to make Annuity Payouts until that second Annuitant dies. When choosing this option, you must decide what will happen to the Annuity Payouts after the first Annuitant dies. You must select Annuity Payouts that:


•	Remain the same at 100%, or


•	Decrease to 66.67%, or


•	Decrease to 50%.

For variable Annuity Payouts, these percentages represent Annuity Units; for fixed Annuity Payouts, they represent actual dollar amounts. The percentage will also impact the Annuity Payout amount we pay while both Annuitants are living. If you pick a lower percentage, your original Annuity Payouts will be higher while both Annuitants are alive.


•	Option Five — Joint and Last Survivor Life Annuity With Payments For a Period Certain

We will make Annuity Payouts as long as either the Annuitant or Joint Annuitant are living, but we at least guarantee to make Annuity Payouts for a time period you select, between five years and 100 years, minus your younger Annuitant’s age. If the Annuitant and the Joint Annuitant both die before the guaranteed number of years have passed, then the Beneficiary may continue Annuity Payouts for the remainder of the guaranteed number of years or receive the Commuted Value in one sum.

When choosing this option, you must decide what will happen to the Annuity Payouts after the first Annuitant dies. You must select

Annuity Payouts that:


•	Remain the same at 100%, or


•	Decrease to 66.67%, or


•	Decrease to 50%.

For variable dollar amount Annuity Payouts, these percentages represent Annuity Units. For fixed dollar amount Annuity Payouts, these percentages represent actual dollar amounts. The percentage will also impact the Annuity Payout amount we pay while both Annuitants are living. If you pick a lower percentage, your original Annuity Payouts will be higher while both Annuitants are alive.


•	Option Six — Payments for a Period Certain

We agree to make payments for a specified time. The minimum period that you can select is ten years during the first two Contract Years and five years after the second Contract Anniversary. The maximum period that you can select is 100 years, minus your Annuitant’s age. If, at the death of the Annuitant, Annuity Payouts have been made for less than the time period selected, then the Beneficiary may elect to continue the remaining Annuity Payouts or receive the Commuted Value in one sum. You may not choose a fixed dollar amount Annuity Payout during the first two Contract Years.


•	Option Seven — Reserved


•	Option Eight — Joint and Last Survivor Life with Cash Refund

Prior to the Annuity Commencement Date, this Annuity Payout Option provides for Personal Pension Account Payouts for as long as the Owner, Annuitant or the Joint Annuitant are alive at 100% of the applicable scheduled Payout Purchase Rate(s). The previously established Guarantee Window, Payout Purchase Rate(s), and Credited Interest Rate(s) will continue to apply for the duration of the Personal Pension Account annuity rider. Any remaining Death Benefit shall be payable to the Beneficiary.

On or after the Annuity Commencement Date, this Annuity Payout Option provides for Personal Pension Account Payouts for as long as the Annuitant or Joint Annuitant is alive at 100% of the applicable scheduled Payout Purchase Rate(s). Any remaining Death Benefit shall be payable to the Beneficiary.

This Annuity Payout Option is only available for fixed dollar Personal Pension Account Payouts and may not be combined with Option Two — Life Annuity with Cash Refund.

Personal Pension Account Payouts will terminate upon our receipt of due proof of the death of the Owner, Annuitant or Joint Annuitant, whichever shall last occur, provided that the last of such deaths transpired prior to the Annuity Commencement Date. Personal Pension Account Payouts will also terminate upon our receipt of due proof of the death of the Annuitant or Joint Annuitant, whichever shall last occur, provided the last of such deaths transpired after the Annuity Commencement Date. Your Benefit Balance shall always remain in the Personal Pension Account while the Personal Pension Account annuity rider is in effect.

We reserve the right to impose restrictions regarding who can serve as the Annuitant, Joint Annuitant and/or Beneficiary when selecting this Annuity Payout Option. Currently, you must designate your Spouse as the Joint Annuitant and Beneficiary when selecting this Annuity Payout Option. Except as provided below (regarding divorce proceedings), these designations may not be changed by you.

We assume that if you elected the Eighth Option that you also intend to elect spousal Contract continuation in which event no portion of the Death Benefit will be paid until the last Spouse dies. However, if you prefer not to exercise these rights, you must notify us the after the first Spouse dies that you would like to collect the entire Death Benefit. This action will have the effect of settling the Death Benefit.

You may make a one time election to convert to Option Two upon completion of divorce proceedings provided that you become the sole, remaining Owner and Personal Pension Account Payouts have not commenced. In these circumstances,

•

The Target Income Age remains the same if the older Annuitant becomes the remaining Owner. If the younger Annuitant becomes the remaining Owner, then the Target Income Age will be reset to that Annuitant’s age when making an initial investment into Personal Pension Account plus the difference between the older Annuitant’s age when making an initial investment into Personal Pension Account and the previously stated Target Income Age. For example, if the older Annuitant was age 70 upon initial Personal Pension Account investment and the Target Income Age selected was 75 (a difference of 5 years), then the new Target Income Age corresponding with the younger remaining Annuitant (spouse) will equal their age upon initial Personal Pension Account investment (assume age 60 in this case) + 5, or age 65.


•	Credited and payout rates will be reset based on the remaining Owner’s age and gender as of the date of conversion.

This option is only available for Personal Pension Account Payouts (fixed dollar amount Annuity Payout). We reserve the right to approve the designation of contract lives for the purposes of establishing benefits under this Annuity Payout option.

The Joint Annuitant designated for Option Eight shall also be the Joint Annuitant under Options Four and Five, if you elected to annuitize Contract Value. Election of Option Eight does not mean you are required to elect Options Four or Five to annuitize any Contract Value portions of your Contract. This Annuity Payout Option will not be available to custodian-owned qualified contracts, or contracts with other non-natural owner types (trusts, including charitable remainder trusts, corporations, municipalities, etc.). Please see the Personal Pension Account Death Benefit section for additional information.

As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value), except for Contracts issued in CT, FL, NJ and WA. Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account Payouts (fixed dollar amount Annuity Payout) so if you do not have value in the Personal Pension Account as of October 3, 2014, this Annuity Payout Option will not be available to you. Please see the Personal Pension Account Death Benefit section for additional information.

You cannot terminate your Contract once Annuity Payouts begin, unless you have selected Annuity Payout Options Two, Three, Five, Six or Eight. A CDSC, if applicable, may be deducted.

Annuity Payout Option Two and Eight are only available for Personal Pension Account Payouts from the Personal Pension Account. Annuity Payout Options One, Three, Four, Five and Six are only available for Annuity Payouts from the Fixed Accumulation Feature or Sub-Accounts.

For certain qualified Contracts, if you elect an Annuity Payout Option with a Period Certain, the guaranteed number of years must be less than the life expectancy of the Annuitant at the time the Annuity Payouts begin. We compute life expectancy using the IRS mortality tables.

Automatic Annuity Payouts

If you do not elect an Annuity Payout Option, monthly Annuity Payouts will automatically begin on the Annuity Commencement Date under Annuity Payout Option Three. Automatic Annuity Payouts will be fixed dollar amount Annuity Payouts, variable dollar amount Annuity Payouts, or a combination of fixed or variable dollar amount Annuity Payouts, depending on the investment allocation of your Account in effect on the Annuity Commencement Date. Automatic variable Annuity Payouts will be based on an Assumed Investment Return equal to 5%.

How often do you want the Payee to receive Annuity Payouts?

In addition to selecting an Annuity Commencement Date and an Annuity Payout Option, you must also decide how often you want the Payee to receive Annuity Payouts. You may choose to receive Annuity Payouts:


•	monthly,


•	quarterly,


•	semi-annually, or


•	annually.

Once you select a frequency, it cannot be changed. When selecting a frequency other than “monthly”, the Payout Rate used to determine Annuity Payouts will be adjusted by a factor. The factor accounts for the current value of accelerated Payouts, and will result in a Payout that is less than the sum of each monthly Payout that would have been paid during the same period of time. If you do not make a selection, the Payee will receive monthly Annuity Payouts. You must select a frequency that results in an Annuity Payout of at least $50. If the amount falls below $50, we have the right to change the frequency to bring the Annuity Payout up to at least $50.

Do you want Annuity Payouts to be Fixed Dollar Amount or Variable Dollar Amount?

You may choose an Annuity Payout Option with fixed dollar amounts or variable dollar amounts, depending on your income needs. You may not choose a fixed dollar amount Annuity Payout during the first two Contract Years. If you elect the Personal Pension Account, your Annuity Payout Option may only be a fixed dollar amount.


•	Fixed Dollar Amount Annuity Payouts

Once a fixed dollar amount Annuity Payout begins, you cannot change your selection to receive variable dollar amount Annuity Payouts. You will receive equal fixed dollar amount Annuity Payouts throughout the Annuity Payout period. Fixed dollar amount Annuity Payout amounts are determined by multiplying the Contract Value, minus any applicable premium taxes, by an annuity rate set by us. Annuity purchase rates may vary based on the aspect of the Contract annuitized.


•	Variable Dollar Amount Annuity Payouts

Once a variable dollar amount Annuity Payout begins, you cannot change your selection to receive a fixed dollar amount Annuity Payout. A variable dollar amount Annuity Payout is based on the investment performance of the Sub-Accounts. The variable dollar amount Annuity Payouts may fluctuate with the performance of the Funds. To begin making variable dollar amount Annuity Payouts, we convert the first Annuity Payout amount to a set number of Annuity Units and then price those units to determine the Annuity Payout amount. The number of Annuity Units that determines the Annuity Payout amount remains fixed unless you transfer units between Sub-Accounts.

The dollar amount of the first variable Annuity Payout depends on:


•	the Annuity Payout Option chosen;


•	the Annuitant’s attained age and gender (if applicable);


•	the applicable annuity purchase rates based on the 1983a Individual Annuity Mortality table adjusted for projections based on accepted actuarial principles; and


•	the Assumed Investment Return (AIR).

The total amount of the first variable dollar amount Annuity Payout is determined by dividing the Contract Value minus any applicable premium taxes, by $1,000 and multiplying the result by the payment factor defined in the Contract for the selected Annuity Payout Option.

The dollar amount of each subsequent variable dollar amount Annuity Payout is equal to the total of Annuity Units for each Sub-Account multiplied by the Annuity Unit Value of each Sub-Account.

The Annuity Unit Value of each Sub-Account for any Valuation Period is equal to the Accumulation Unit Value Net Investment Factor for the current Valuation Period multiplied by the Annuity Unit Factor, multiplied by the Annuity Unit Value for the preceding Valuation Period. The Annuity Unit Factor offsets the AIR used to calculate your first variable dollar amount Annuity Payout.

The first Annuity Payout will be based upon the AIR. The remaining Annuity Payouts will fluctuate based on the performance of the Funds in relation to the AIR. The degree of the fluctuation will depend on the AIR you select.

You can select one of the following AIRs offered, subject to state variations:



AIR	Annuity Unit Factor	AIR	Annuity Unit Factor	AIR	Annuity Unit Factor
3%	0.999919	5%	0.999866	6%	0.999840

The greater the AIR, the greater the initial Annuity Payout. But a higher AIR may result in a smaller potential growth in future Annuity Payouts when the Sub-Accounts earn more than the AIR. On the other hand, a lower AIR results in a lower initial Annuity Payout, but future Annuity Payouts have the potential to be greater when the Sub-Accounts earn more than the AIR.

For example, if the Sub-Accounts earned exactly the same as the AIR, then the second monthly Annuity Payout is the same as the first. If the Sub-Accounts earned more than the AIR, then the second monthly Annuity Payout is higher than the first. If the Sub-Accounts earned less than the AIR, then the second monthly Annuity Payout is lower than the first.

Level variable dollar amount Annuity Payouts would be produced if the investment returns remained constant and equal to the AIR. In fact, Annuity Payouts will vary up or down as the investment rate varies up or down from the AIR. The degree of variation depends on the AIR you select.

After the Annuity Calculation Date, you may transfer dollar amounts of Annuity Units from one Sub-Account to another. On the day you make a transfer, the dollar amounts are equal for both Sub-Accounts and the number of Annuity Units will be different. We will transfer the dollar amount of your Annuity Units the day we receive your written request if received before the close of the New York Stock Exchange. Otherwise, the transfer will be made on the next Valuation Day. All Sub-Account transfers must comply with applicable transfer restriction policies.


•	Combination Annuity Payout

You may choose to receive a combination of fixed dollar amount and variable dollar amount Annuity Payouts as long as they total 100% of your Annuity Payout. For example, you may choose to use 40% fixed dollar amount and 60% variable dollar amount to meet your income needs. Combination Annuity Payouts are not available during the first two Contract Years.

e. Standard Death Benefit

What is the Death Benefit and how is it calculated?

The Death Benefit is the amount we will pay if the Owner, joint Owner, or the Annuitant, if applicable, dies before we begin to make Annuity Payouts. The standard Death Benefit is equal to your Total Balance (less Distribution Charge) calculated as of the Valuation Day when we receive a certified death certificate or other legal document acceptable to us. The calculated Death Benefit will remain invested according to the Owner’s last instructions until we receive complete written settlement instructions from the Beneficiary. This means the Death Benefit amount will fluctuate with the performance of the Account. When there is more than one Beneficiary, we will calculate the Accumulation Units for each Sub-Account and the dollar amount for the Fixed Accumulation Feature and Personal Pension Account for each Beneficiary’s portion of the proceeds.

We reserve the right to treat all deferred variable annuities that you buy from us as a single contract for the purposes of determining your total Death Benefits. These limits will be applied if you make $5 million or more in total aggregate Premium Payments. If applicable, the aggregate limit on total Death Benefits payable by us will never exceed or greater of:


a.	the aggregate Deposits, modified by adjustments for partial Surrenders and Personal Pension Account Payouts under applicable contracts and riders; or


b.	the aggregate Total Balance plus $1 million.

Any reduction in Death Benefits will be in proportion to the Contract Value of each deferred variable annuity at the time of reduction. In addition, there may be limitations on the aggregate death benefits if you purchased one or more contracts with an initial Premium Payment of less than $5,000,000 but you add Premium Payments or purchased additional contracts such that Premium Payments under the contracts aggregate to $5,000,000 or more. See your contract for more information.

Please see the heading entitled “What kinds of Surrenders are available? - Before the Annuity Commencement Date” under the Surrenders section and “What effect do partial or full Surrenders have on your benefits under the rider?” in the Return of Premium Death Benefit III and/or Maximum Anniversary Value III sections for a discussion regarding when partial Surrenders reduce your Death Benefit on either a dollar-for-dollar or proportionate basis. Taking excess partial Surrenders may significantly negatively affect your Death Benefit. Please consult with your Investment Professional before making excess partial Surrenders to be sure that you fully understand the ways such a decision will affect your Contract.

How is the Death Benefit paid?

The Death Benefit may be taken in one lump sum or under any of the Annuity Payout Options then being offered by us, unless the Owner has designated the manner in which the Beneficiary will receive the Death Benefit. When payment is taken in one lump sum, payment will be made within seven days of Our receipt of complete instructions, except when We are permitted to defer such payment under the Investment Company Act of 1940. We will calculate the Death Benefit as of the date we receive a certified death certificate or other legal documents acceptable to us. The Death Benefit amount remains invested and is subject to market fluctuation until complete settlement instructions are received from each Beneficiary. On the date we receive

complete instructions from the Beneficiary, we will compute the Death Benefit amount to be paid out or applied to a selected Annuity Payout Option. When there is more than one Beneficiary, we will calculate the Death Benefit amount for each Beneficiary’s portion of the proceeds and then pay it out or apply it to a selected Annuity Payout Option according to each Beneficiary’s instructions. If we receive the complete instructions on a non-Valuation Day, computations will take place on the next Valuation Day.

If the Death Benefit payment is $5,000 or more, the Beneficiary may elect to have their Death Benefit paid through our “Safe Haven Program.” Under this program, the proceeds remain in our General Account and the Beneficiary will receive a draft book. Proceeds are guaranteed by the claims paying ability of the Company; however, it is not a bank account and is not insured by Federal Deposit Insurance Corporation (FDIC), nor is it backed by any federal or state government agency. The Beneficiary can write one draft for total payment of the Death Benefit, or keep the money in the General Account and write drafts as needed. We will credit interest at a rate determined periodically in our sole discretion. The interest rate is based upon the analysis of interest rates credited to funds left on deposit with other insurance companies under programs similar to Talcott Resolution's Safe Haven program. In determining the interest rate, we also factor in the impact of our profitability, general economic trends, competitive factors and administrative expenses. The interest rate credit is not the same rate earned on assets in the Fixed Accumulation Feature or Personal Pension Account and is not subject to minimum interest rates prescribed by state non-forfeiture laws. For federal income tax purposes, the Beneficiary will be deemed to have received the lump sum payment on transfer of the Death Benefit amount to the General Account. The interest will be taxable to the Beneficiary in the tax year that it is credited. We may not offer the Safe Haven Program in all states and we reserve the right to discontinue offering it at any time. Although there are no direct charges for this program, we earn investment income from the proceeds. The investment income we earn is likely more than the amount of interest we credit; therefore, we make a profit from the difference.

The Beneficiary may elect to leave proceeds from the Death Benefit invested with us for up to five years from the date of death of the Annuitant or Owner if death occurred before the Annuity Commencement Date. Once we receive a certified death certificate or other legal documents acceptable to us, the Beneficiary can: (a) make Sub-Account transfers (subject to applicable restrictions) and (b) take Surrenders without paying CDSCs, if any. The Beneficiary may not make Personal Pension Account Contributions. We shall endeavor to fully discharge the last instructions from the Owner wherever possible or practical.

The Beneficiary of a non-qualified Contract or IRA (prior to the required distribution date) may also elect an annuity option that allows the Beneficiary to take the Death Benefit in a series of payments spread over a period equal to the Beneficiary’s remaining life expectancy. Distributions are calculated based on IRS life expectancy tables. This option is subject to different limitations and conditions depending on whether the Contract is non-qualified or an IRA.

If the Owner dies before the Annuity Commencement Date, the Death Benefit must be distributed within five years after death or be distributed under a distribution option or Annuity Payout Option that satisfies the Alternatives to the Required Distributions described below.

If the Owner dies on or after the Annuity Commencement Date under an Annuity Payout Option that permits the Beneficiary to elect to continue Annuity Payouts or receive the Commuted Value, any remaining value must be distributed at least as rapidly as under the payment method being used as of the Owner’s death.

If the Owner is not an individual (e.g. a trust), then the original Annuitant will be treated as the Owner in the situations described above and any change in the original Annuitant will be treated as the death of the Owner.

Who will receive the Death Benefit?

The distribution of the Death Benefit applies only when death is before the Annuity Commencement Date.

If death occurs on or after the Annuity Commencement Date, there may be no payout at death unless the Owner has elected an Annuity Payout Option that permits the Beneficiary to elect to continue Annuity Payouts or receive any remaining value such as a cash refund, Benefit Balance, or receive the Commuted Value.

If death occurs before the Annuity Commencement Date:



If the deceased is the . . .	and . . .	and . . .	then the . . .
Owner	There is a surviving joint Owner	The Annuitant is living or deceased	Joint Owner receives the Death Benefit.
Owner	There is no surviving joint Owner	The Annuitant is living or deceased	Beneficiary receives the Death Benefit.
Owner	There is no surviving joint Owner and the Beneficiary predeceases the Owner	The Annuitant is living or deceased	Owner’s estate receives the Death Benefit.



Annuitant	The Owner is living	There is no named Contingent Annuitant	The Owner becomes the Contingent Annuitant and the Contract continues. The Owner may waive this presumption and receive the Death Benefit.
Annuitant	The Owner is living	The Contingent Annuitant is living	Contingent Annuitant becomes the Annuitant, and the Contract continues.

If death occurs on or after the Annuity Commencement Date:



If the deceased is the . . .	and . . .	then the . . .
Owner	The Annuitant is living	Beneficiary becomes the Owner.
Annuitant	The Owner is living	Owner receives the payout at death.
Annuitant	The Annuitant is also the Owner	Beneficiary receives the payout at death.

These are the most common scenarios. Some of the Annuity Payout Options may not result in a payout at death.

5. Optional Death Benefits

a. Maximum Anniversary Value III

Objective

To provide a Death Benefit equal to the greater of Maximum Anniversary Value, Premium Payments adjusted for Surrenders or Contract Value that we will pay if the Owner, joint Owner, or the Annuitant dies before we begin to make Annuity Payouts. Please consider the following prior to electing this rider:


•	This rider has investment restrictions. Violation of the investment restrictions may result in termination of this rider.


•	Partial Surrenders and excess transfers to the Personal Pension Account will reduce the benefit proportionally, as described below.

When can you buy the rider?

The Maximum Anniversary Value III rider is closed to new investors (including existing Owners).

How is the charge for this rider calculated?

The fee for the rider is based on the Death Benefit and is taken on each Contract Anniversary. A prorated charge will be deducted in the event of a full Surrender of this Contract. The charge for the rider will be withdrawn from each Sub-Account in the same proportion that the value of each Sub-Account bears to the total Contract Value. Except as otherwise provided below, we will continue to deduct this charge until we begin to make Annuity Payouts. The rider charge may limit access to the Fixed Accumulation Feature in certain states. See Maximum Anniversary Value III Example 4 in Appendix A.

Except as discussed below, we cannot increase the rider fee once you elect the rider. In the event of a change in ownership or upon Spousal Contract continuation, the fee for the rider will be the then current rider fee for new Contracts (absent any voluntary waivers by us). We reserve the right to charge up to the maximum fee described in the Fee Summary (absent any voluntary fee waivers by us) at any time without notice.

Is this rider designed to pay you Death Benefits?

Yes. This Death Benefit is equal to the greatest of A, B or C, where:


A =	Contract Value (minus Distribution Charges);


B =	Premium Payments adjusted for partial Surrenders; and

C =

Maximum Anniversary Value — The Maximum Anniversary Value is based on a series of calculations on Contract Anniversaries of Contract Values, Premium Payments and partial Surrenders. We will calculate an Anniversary Value for each Contract Anniversary prior to the deceased’s 81st birthday or the date of death, whichever is earlier. The Anniversary Value is equal to the Contract Value as of a Contract Anniversary with the following adjustments: (a) Anniversary Value is increased by the dollar amount of any Premium Payments made since the Contract Anniversary; and (b) Anniversary Value is adjusted for any partial Surrenders since the Contract Anniversary. The Maximum Anniversary Value is equal to the greatest Anniversary Value attained from this series of calculations.

See Maximum Anniversary Value III Example 1 in Appendix A.

If you elect this rider after the Contract has been issued, the starting values for Contract Value Premium Payments and Maximum Anniversary Value will all be reset to Contract Value as of the Valuation Day that you elect this rider. Contract Value and Premium Payments prior to election of the rider (as well as those values that would have been used to set the Maximum Anniversary Value had this rider been elected upon Contract issuance), will be disregarded.

The Maximum Anniversary Value III Death Benefit is payable in addition to your Personal Pension Account Death Benefit. Even though your Benefit Balance is not subject to principal protection under this rider, any portions of your Benefit Balance transferred to Sub-Accounts and/or the Fixed Accumulation Feature are also considered to be part of the Contract Value used to compute this Death Benefit.

We calculate the Death Benefit when, and as of the Valuation Day, we receive a certified death certificate or other documents acceptable to us. The calculated Death Benefit will remain invested according to the Owner’s last instructions until we receive complete written settlement instructions from the Beneficiary. This means the Death Benefit amount will fluctuate with the performance of the Account. When there is more than one Beneficiary, we will calculate the Accumulation Units for each Sub-Account and the dollar amount for the Fixed Accumulation Feature for each Beneficiary’s portion of the proceeds. Termination of this rider will result in the rescission of this Death Benefit and your Beneficiary receiving the standard Death Benefit.

The Death Benefit may be taken in one lump sum or under any of the Annuity Payout Options then being offered by us, unless the Owner has designated the manner in which the Beneficiary will receive the Death Benefit. On the date we receive complete instructions from the Beneficiary, we will compute the Death Benefit amount to be paid out or applied to a selected Annuity Payout Option. When there is more than one Beneficiary, we will calculate the Death Benefit amount for each Beneficiary’s portion of the proceeds and then pay it out or apply it to a selected Annuity Payout Option according to each Beneficiary’s instructions. If we receive the complete instructions on a non-Valuation Day, computations will take place on the next Valuation Day.

If the Owner dies on or after the Annuity Commencement Date under an Annuity Payout Option that permits the Beneficiary to elect to continue Annuity Payouts or receive the Commuted Value, any remaining Contract Value must be distributed at least as rapidly as under the payment method being used as of the Owner’s death.

The distribution of the Death Benefit applies only when death is before the Annuity Commencement Date. Please refer to the discussion under the caption “Who will receive the Death Benefit” under Standard Death Benefits for more information.

Does this rider replace the standard Death Benefit?

Yes.

Can you terminate this rider?

Generally, yes. However, if you contribute to the Personal Pension Account you will also have a Personal Pension Account Death Benefit payable prior to the Annuity Commencement Date.

What effect do partial Surrenders have on your benefits under the rider?

Any and all partial Surrenders, whether individually or in the aggregate, will reduce your Death Benefit on a proportionate basis. A partial surrender may reduce the Death Benefit by an amount greater than the amount surrendered if the Contract Value is less than your Premium Payments. See Maximum Anniversary Value III example 2 in Appendix A for an illustration of this calculation.

Any and all transfers to the Personal Pension Account will reduce your Death Benefit. Transfers within the Transfer Limit will reduce your Death Benefit on a dollar-for-dollar basis. Transfers in excess of the Transfer Limit will reduce your Death Benefit on a proportionate basis. A transfer above the Transfer Limit may reduce the Death Benefit by an amount greater than the amount transferred if the Contract Value is less than your Premium Payments. The Maximum Anniversary Value III Transfer Limit is equal to 5% of the greatest of (a) Premium Payments adjusted for partial Surrenders and (b) Maximum Anniversary Value; or if an ownership change or spousal continuation is processed, 5% of the Contract Value on the effective date of such change plus Premium Payment(s) received after the effective date of such change. See Maximum Anniversary Value III Example 2, 3 and 5 in Appendix A for an illustration of this calculation.

What happens if you change ownership?

We reserve the right to approve all ownership changes. Certain approved changes in ownership before the Annuity Commencement Date may cause a recalculation of the Death Benefit. Any ownership change made within the first six months from the Contract issue date (if prior to the Annuity Commencement Date) will have no impact on the rider values as long as each succeeding Owner is less than the maximum rider age limitation at the time of the change. We also reserve the right to require you to reallocate investments according to then applicable investment restrictions in the event of an ownership change after six months from the rider’s effective date.

Any ownership change made after the first six months of the Contract issue date (if prior to the Annuity Commencement Date) will cause a recalculation this Death Benefit. If the rider is not available for sale at the time of the ownership change, we will terminate this rider whereupon the Death Benefit will be reset to the standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

If the oldest Owner after the change is greater than the age limitation of the rider as of the trade date of the change, then we will terminate this rider whereupon the Death Benefit will be reset to the standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

Ownership changes may be taxable to you. We recommend that you consult with a tax adviser before making any ownership changes.

Can your Spouse continue your Death Benefit?

Yes. If the Owner dies and the sole Beneficiary is the deceased Owner’s Spouse at the time of death, we will increase the Contract Value to the Maximum Anniversary Death Benefit Value, if greater than the Contract Value on the date of due proof of death. The Spouse may elect to continue the Contract and this rider, if then available. This right may be exercised only once during the term of the Contract.

If any Owner or the Annuitant is greater than the age limitation of the rider at the time of the Spousal Contract continuation and/or this rider (or a similar rider, as we determine) is not available for sale, then we will terminate this rider whereupon the Death Benefit will be reset to the standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

If any Owner or the Annuitant is equal to or less than the age limitation of the rider at the time of the Spousal Contract continuation and this rider (or a similar rider, as we determine) is still available for sale, the Death Benefit will be reset based on the Contract Value as of the date we receive due proof of death and will serve as the new basis for the Death Benefit. See “Is this rider designed to pay you Death Benefits?” above for further discussion regarding post-issue election of this rider. The rider charge will be reset to the charge then being assessed for new sales of the rider.

What happens if you annuitize your Contract?

Except as otherwise provided, if you elect to annuitize your Contract prior to reaching the Annuity Commencement Date, you may only annuitize your Contract Value. If your Contract reaches the Annuity Commencement Date, the Contract must be annuitized unless we agree to extend the Annuity Commencement Date, in our sole discretion. In this circumstance, the Contract may be annuitized under our standard annuitization rules. This rider terminates once an Annuity Payout Option (other than Annuity Payout Options Two or Eight) is elected.

Are there restrictions on how you must invest?

Yes. You must invest your Contract Value (including future investments) within an approved asset allocation model(s), Fund(s), and other investment program(s) approved and designated by us. As of the date of this prospectus, you must invest in the Portfolio Planner or Investment Strategies asset allocation models or approved Funds listed in Appendix D. These models are rebalanced quarterly.

We may prospectively modify, add, delete, or substitute (to the extent permitted by applicable law), the asset allocation models, investment programs, Funds, portfolio rebalancing requirements, and other investment requirements and restrictions that apply while the rider is in effect. For instance, we might amend these asset allocation models if a Fund (i) is merged into another fund, (ii) changes investment objectives, (iii) closes to further investments, and/or (iv) fails to meet acceptable risk parameters. These reservations will not be applied with respect to then existing investments. We will give you advance notice of these changes. Please refer to “Other Program considerations” under the section entitled “What other ways can you invest?” in Section 4(a) for more information regarding the potential impact of fund mergers and liquidations with respect to then existing investments within an asset allocation model.

Except as provided below, failure to comply with any applicable investment requirement or restriction will result in termination of the rider. If the rider is terminated by us for violation of applicable investment requirements or restrictions, we will assess a pro-rated share of the rider charge and will no longer assess a rider charge thereafter. If the rider is terminated by us due to a failure to comply with these investment restrictions, you will have a one time opportunity to reinstate the rider by reallocating your Contract Value in accordance with then prevailing investment restrictions. You will have a 15 day reinstatement period to do this. The reinstatement period will begin upon termination of the rider. Your right to reinstate the rider will be terminated if during the reinstatement period you make a subsequent Premium Payment, take a partial Surrender, transfer Contract Value into the Personal Pension Account or make a change in owner, Annuitant or any Joint Annuitant. Termination of this rider will cause you to be in violation of any concurrent guaranteed accumulation or withdrawal benefit rider.

Upon reinstatement of your rider, your Premium Payments will be recalculated to equal the lesser of the Contract Value as of the Valuation Day of the reinstatement or the Premium Payments prior to the termination. Your Maximum Anniversary Value will be reset at the lower of the Maximum Anniversary Value prior to the revocation or Contract Value as of the date of the reinstatement. We will deduct a pro-rated rider charge on your Contract Anniversary following the reinstatement for the time period between the reinstatement date and your first Contract Anniversary following the reinstatement. Violation of these investment restrictions could result in a serious erosion of the value in this rider.

It may be presumed that investment in any asset allocation model could mitigate losses during declining market conditions but also hamper potential gains during inclining market conditions. The asset allocation models that you must invest in provide very different potential risk/reward characteristics. We are not responsible for lost investment opportunities associated with the implementation and enforcement of these investment requirements and restrictions.

If you are required to elect this rider in combination with an optional benefit such as Safety Plus, Future5 or Future6, then in the event of a conflict between the investment restrictions above and those set forth in such optional riders, the investment

restrictions in such optional riders shall prevail. If you violate the investment restrictions set forth in such optional riders, or such riders terminate for any reason, you may not revoke this rider.

Are there restrictions on the amount of subsequent Premium Payments?

Yes. We reserve the right to require our approval on all subsequent Premium Payments received after the first twelve months. We may not accept any subsequent Premium Payment which brings the total of such cumulative subsequent Premium Payments in excess of $100,000 without prior approval. This restriction is not currently enforced. Following your Annuity Commencement Date, we will no longer accept subsequent Premium Payments.

Can we aggregate Contracts?

Yes. We reserve the right to treat all deferred variable annuities that you buy from us as a single contract for the purposes of determining your total Death Benefits. These limits will be applied if you make $5 million or more in total aggregate Premium Payments. If applicable, the aggregate limit on total Death Benefits payable by us will never exceed a maximum of:


a.	the aggregate Deposits, modified by adjustments for partial Surrenders and Personal Pension Account Payouts under all applicable contracts and riders; or


b.	the aggregate Total Balance plus $1 million.

Any reduction in Death Benefits will be in proportion to the Contract Value of each deferred variable annuity at the time of reduction.

Other information

The rider may not be appropriate for all investors. Several factors, among others, should be considered:


•	The benefits under the rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.


•	We may terminate this rider based upon the following conditions: Spousal Contract continuation, ownership changes, assignment and/or violation of the investment restrictions. If we terminate the rider, it cannot be re-elected by you.


•	The selection of an Annuity Payout Option and the timing of the selection may have an impact on the tax treatment of the Death Benefit.


•	Any partial Surrender or transfer of Contract Value into the Personal Pension Account, including enrollment in certain asset rebalancing Programs, will trigger a proportionate reduction to your Death Benefit.


•	Transfers made pursuant to an automatic income program may violate this rider if made during the reinstatement period following a violation of investment restrictions under this rider.

b. Return of Premium Death Benefit III

Objective

To provide a Death Benefit equal to the greater of Contract Value, minus Distribution Charges, if applicable, or Premium Payment adjusted for Surrenders that we will pay if the Owner, joint Owner, or the Annuitant dies before we begin to make Annuity Payouts. Please consider the following prior to electing this rider:


•	Partial Surrenders and excess transfers to the Personal Pension Account will reduce the benefit proportionally, as described below.

When can you buy the rider?

The Return of Premium III rider is closed to new investors (including existing Owners).

How is the charge for this rider calculated?

The fee for the rider is based on the Death Benefit on each Contract Anniversary. This charge will automatically be deducted from your Contract Value on your Contract Anniversary prior to all other financial transactions. A pro-rated charge will be deducted in the event of a full Surrender of this Contract. The charge for the rider will be withdrawn from each Sub-Account in the same proportion that the value of each Sub-Account bears to the total Contract Value. The rider charge will not be applied to Personal Pension Account Benefit Balance. Except as otherwise provided below, we will continue to deduct this charge until we begin to make Annuity Payouts. The rider charge may limit access to the Fixed Accumulation Feature in certain states.

Except as discussed below, we cannot increase the rider fee once you elect the rider. In the event of a change in ownership or upon Spousal Contract continuation, the fee for the rider will be based on the Contract Value on the date of any such change plus Premium Payments received after such date, as adjusted for Surrenders. We reserve the right to change the rider charge up to the maximum fee described in the Fee Summary (absent any voluntary waivers by us) at any time without notice.

Is this rider designed to pay you Death Benefits?

Yes. This Death Benefit is equal to the higher of Contract Value (minus Distribution Charges) or Premium Payments adjusted for Surrenders. See the Return of Premium Death Benefit III Examples 1 and 2 in Appendix A.

The Return of Premium III Death Benefit is payable in addition to your Personal Pension Account Death Benefit.

We calculate the Death Benefit when, and as of the Valuation Day, we receive a certified death certificate or other legal document acceptable to us. The calculated Death Benefit will remain invested according to the Owner’s last instructions until we receive

complete written settlement instructions from the Beneficiary. This means the Death Benefit amount will fluctuate with the performance of the Account. When there is more than one Beneficiary, we will calculate the Accumulation Units for each Sub-Account and the dollar amount for the Fixed Accumulation Feature for each Beneficiary’s portion of the proceeds. Termination of this rider will result in the rescission of this Death Benefit and your Beneficiary receiving the standard Death Benefit.

The Death Benefit may be taken in one lump sum or under any of the Annuity Payout Options then being offered by us, unless the Owner has designated the manner in which the Beneficiary will receive the Death Benefit. On the date we receive complete instructions from the Beneficiary, we will compute the Death Benefit amount to be paid out or applied to a selected Annuity Payout Option. When there is more than one Beneficiary, we will calculate the Death Benefit amount for each Beneficiary’s portion of the proceeds and then pay it out or apply it to a selected Annuity Payout Option according to each Beneficiary’s instructions. If we receive the complete instructions on a non-Valuation Day, computations will take place on the next Valuation Day.

If the Owner dies on or after the Annuity Commencement Date under an Annuity Payout Option that permits the Beneficiary to elect to continue Annuity Payouts or receive the Commuted Value, any remaining Contract Value must be distributed at least as rapidly as under the payment method being used as of the Owner’s death.

The distribution of the Death Benefit applies only when death is before the Annuity Commencement Date. If death occurs on or after the Annuity Commencement Date, there may be no payout at death unless the Owner has elected an Annuity Payout Option that permits the Beneficiary to elect to continue Annuity Payouts, or receive any remaining value such as a cash refund, Benefit Balance, or receive the Commuted Value. Please refer to the discussion under the caption “Who will receive the Death Benefit” under Standard Death Benefits for more information.

Does this rider replace the standard Death Benefit?

Generally, yes. However, if you contribute to the Personal Pension Account you will also have a Personal Pension Account Death Benefit payable prior to the Annuity Commencement Date.

Can you terminate this rider?

Yes. At anytime following the earliest of the fifth anniversary of the rider effective date or Spousal Contract continuation, the Contract Owner may elect to terminate this rider. However, you may not terminate this rider for so long as any optional rider such as Safety Plus, Future5 or Future6 riders are in effect. If this rider is terminated, then a pro-rated rider charge will be assessed on the termination date, and will no longer be assessed thereafter. The Death Benefit will be reset to the standard Death Benefit. No other optional death benefit may be elected following the termination.

A Company-sponsored exchange of this rider will not be considered to be a termination by you of the rider. This rider will also terminate upon election of a Death Benefit option (described in the Standard Death Benefit section) by the Beneficiary (excluding Spousal Contract continuation).

What effect do partial Surrenders have on your benefits under the rider?

Any and all partial Surrenders, whether individually or in the aggregate, will reduce your Death Benefit on a proportionate basis. A partial Surrender may reduce the Death Benefit by an amount greater than the amount surrendered if the Contract Value is less than your Premium Payments. See Return of Premium III examples 1-3 in Appendix A for an illustration of this calculation.

Any and all transfers to the Personal Pension Account will reduce your Death Benefit. Transfers within the Transfer Limit will reduce your Death Benefit on a dollar-for-dollar basis. Transfers in excess of the Transfer Limit will reduce your Death Benefit on a proportionate basis. A transfer above the Transfer Limit may reduce the Death Benefit by an amount greater than the amount transferred if the Contract Value is less than your Premium Payments. The Return of Premium III Transfer Limit is equal to 5% of the Premium Payment(s) adjusted for Surrenders and transfers to and from the Personal Pension Account; or if an ownership change or spousal continuation is processed, 5% of the Contract Value on the effective date of such change plus Premium Payment(s) received after the effective date of such change. See Return of Premium III Examples 1-3 in Appendix A.

What happens if you change ownership?

An ownership change made after the first six months of the Contract issue date (if prior to the Annuity Commencement Date) will cause a reset of this Death Benefit. If the rider is not available for sale at the time of the ownership change, we will terminate this rider whereupon the Death Benefit will be reset to the standard Death Benefit. A final pro-rated rider charge will be assessed

on the termination date, and then will no longer be assessed.

If the rider is currently available for sale on the date of the ownership change, we will continue the existing rider with respect to all benefits at the rider charge currently being assessed on new sales (or the last declared maximum rider fee).The Death Benefit will be recalculated based on the lesser of the Contract Value or the Death Benefit on the effective date of the ownership change.

Ownership changes may be taxable to you. We recommend that you consult with a tax adviser before making any ownership changes.

Can your Spouse continue your Death Benefit?

Yes. If the Owner dies and the sole Beneficiary is the deceased Owner’s Spouse at the time of death, that Spouse may continue the Contract and this rider, if then available. This right may be exercised only once during the term of the Contract.

If the Owner or the Annuitant is greater than the age limitation of the rider at the time of the Spousal Contract continuation and and/or this rider (or similar rider, as we determine) is not available for sale, we will terminate this rider whereupon the Death Benefit will be reset to the standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

If the Owner or the Annuitant is equal to or less than the age limitation of the rider at the time of the Spousal Contract continuation and such rider (or similar rider, as we determine) is still available for sale, the Death Benefit will be reset based on the Death Benefit as of the date of due proof of death and will serve as the new basis for the Death Benefit. The rider charge will be reset to the rider charge then being assessed for new sales of the rider.

What happens if you annuitize your Contract?

Are there restrictions on how you must invest?

No. We reserve the right to impose investment restrictions in the future.

If you are required to elect this rider in combination with an optional rider such as Safety Plus, Future5 or Future6, then in the event of a conflict between the investment restrictions above and those set forth in such optional riders, the investment restrictions in such optional riders shall prevail. If you violate the investment restrictions set forth in such optional riders, or such riders terminate for any reason, you may not revoke this rider other than as described in the section above entitled “Can you terminate this rider?”

Are there restrictions on the amount of subsequent Premium Payments?

Can we aggregate Contracts?

Yes. We reserve the right to treat all deferred variable annuities that you buy from us as a single contract for the purpose of determining your total Death Benefits. These limits will be applied if you make $5 million or more in total aggregate Premium Payments. If applicable, the aggregate limit on total Death Benefits payable by us will never exceed a maximum of:


a.	the aggregate Deposits, modified by adjustments for partial Surrenders or payouts under all applicable contracts and riders; or


b.	the aggregate Total Balance plus $1 million.

Any reduction in Death Benefits will be in proportion to the Contract Value of each deferred variable annuity at the time of reduction.

Other information

The rider may not be appropriate for all investors. Several factors, among others, should be considered:


•	The benefits under the rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.


•	We may terminate this rider based upon the following conditions: Spousal Contract continuation, ownership changes, and/or assignment. If we terminate the rider, it cannot be re-elected by you.


•	Any partial Surrender or transfer of Contract Value into the Personal Pension Account, including enrollment in certain asset rebalancing Programs, will trigger a proportionate reduction to your Death Benefit.

6. Optional Withdrawal Benefits

a. Future5 and Future6

Objective

The objective of the riders is to provide longevity protection that may periodically increase based on Market Increases or Deferral Bonuses.

Please consider the following prior to electing either rider:


•	The riders have investment restrictions. Violation of the investment restrictions may result in termination of the rider.


•	Threshold Payments, partial Surrenders above a Lifetime Benefit Payment and excess transfers to the Personal Pension Account will reduce the rider’s benefit proportionally, as described below.


•	You must elect an optional death benefit with either rider.

How do the riders help achieve this goal?

Each of the riders provide an opportunity to receive withdrawals in the form of either Threshold Payments or Lifetime Benefit Payments until either the first Covered Life (“Single Life Option”) or last Covered Life (“Joint/Spousal Option”) dies. Withdrawals taken prior to the relevant Covered Life’s Lifetime Income Eligibility Date are called Threshold Payments and withdrawals thereafter are called Lifetime Benefit Payments. Threshold Payments become Lifetime Benefit Payments once taken after the relevant Covered Life’s Lifetime Income Eligibility Date.

When can you buy the riders?

The Future5 and Future6 riders are no longer available for purchase (including adding it to existing Contracts). You may buy either rider only at the time you buy your Contract. The maximum age of any Contract Owner or Annuitant when buying either rider is 80. Once elected, you may not switch riders unless part of a Company-sponsored exchange program.

The riders may not be available through all investment professionals and may be subject to additional restrictions set by your investment professional. We reserve the right to withdraw either or both riders, vary rider benefits and/or rider charges or any relevant Covered Life options at any time for new sales. Either or both riders may not be available in all states.

The riders are the same as one another in all respects other than as described herein. When considering which rider version to select, it is important that you work with your investment professional to carefully compare the differences in these features, and particularly the different investment restrictions, to ensure that you choose the rider version that is most consistent with your investment horizon and risk appetite taking into consideration the trade-off between benefits and restrictions associated with one rider over the other. Please refer to the section below entitled “Are there restrictions on how you must invest?” for more information.

We look at the age of contract parties (e.g., Contract Owner, joint Owners, Spouses, Annuitant and/or Beneficiary) when setting rider benefits (such living persons are called a “Covered Life” and the specific person whose life and age is used to set benefits is called the “relevant” Covered Life). For instance, when setting your Withdrawal Percentage, the older Covered Life is the relevant Covered Life when selecting the Single Life Option and the younger Covered Life is the relevant Covered Life when selecting the Joint/Spousal Option. We reserve the right to impose designation restrictions such as making sure that your Spouse is a joint Owner when selecting the Joint/Spousal Option.

Does buying the riders forfeit your ability to buy other riders?

Yes, buying either rider precludes you from adding the Safety Plus rider. As a condition to receiving Future5 or Future6 rider benefits, you must also buy and maintain either Return of Premium III or Maximum Anniversary Value III death benefit rider.

If you elect either rider, you may not elect Personal Pension Account Transfer Programs Investment Gains or Income Path Options.

How is the charge for the riders calculated?

Each rider has a different current charge and maximum rider charge and both are based on your Payment Base. We will deduct the rider charge on each Contract Anniversary on a pro-rated basis from each Sub-Account and the Fixed Accumulation Feature.

We may increase or decrease the rider charge on a prospective basis on each Contract Anniversary up to the maximum described in the Fee Table. The rider charge may increase irrespective of whether you receive either a Market Increase or a Deferral Bonus. We will not increase the rider charge by more than 0.50% during any Contract Year. We will provide advance notice of changes to your rider charge. You may decline a rider charge increase in which event you will no longer be entitled to Market Increases or a Deferral Bonus. This declination is irrevocable.

If the rider is terminated, or if there is a full Surrender from your Contract, then we will deduct a pro-rated share of the rider charge from your Contract Value based on your Payment Base immediately prior to such termination or full Surrender. We may also reset the rider charge upon Spousal Contract continuation or a Covered Life change.

Does your benefit base change under the riders?

Yes. The benefit bases used to set Threshold Payments or Lifetime Benefit Payments (Payment Base) and the Deferral Bonus (Deferral Bonus Base) will fluctuate.


•	Payment Base

Your initial Payment Base is equal to your initial Premium Payment (without deduction of sales charges, if any). It will generally fluctuate based on:


•	Market Increases; or


•	Deferral Bonuses; and


•	Subsequent Premium Payments, partial Surrenders, or transfers to or from the Personal Pension Account.

On each Contract Anniversary until and including the Contract Anniversary immediately following the oldest Covered Life’s 90th birthday, the Payment Base will be reset to equal the greater of your Contract Value (prior to the deduction of the rider charge) as of the Contract Anniversary (this event is referred to as a “Market Increase”) or your current Payment Base plus any applicable Deferral Bonus. You will not receive both a Market Increase and a Deferral Bonus in the same Contract Year.

Please refer to Future5 and Future6 Examples 1-2 in Appendix A for an illustration of ways that your Payment Base may increase based on a Market Increase or Deferral Bonus.

Subsequent Premium Payments increase your Payment Base by the dollar amount of the Premium Payment. Deposits into the Personal Pension Account do not increase your Payment Base.

Partial Surrenders reduce your Payment Base in different ways depending on whether they are taken before or after your Lifetime Income Eligibility Date and whether they exceed the applicable limit (either the Threshold Payment or an annual Lifetime Benefit Payment).

•

Partial Surrenders prior to the Lifetime Income Eligibility Date. If cumulative partial Surrenders taken during any Contract Year are equal to, or less than, the Threshold Payment, then the cumulative partial Surrender will reduce the Payment Base on a dollar-for-dollar basis. Alternatively, if cumulative partial Surrenders are greater than the Threshold Payment, then we will reduce the Payment Base on a (i) dollar-for-dollar basis up to the Threshold Payment, and (ii) proportionate basis for the amount in excess of the Threshold Payment. If your Contract Value is less than your Payment Base, reductions on a proportionate basis will be greater than if done on a dollar-for-dollar basis.

•

Partial Surrenders after the Lifetime Income Eligibility Date. If cumulative partial Surrenders taken during any Contract Year are (i) equal to or less than the Lifetime Benefit Payment, or (ii) exceed the Lifetime Benefit Payment only as a result of enrollment in our Automatic Income Program to satisfy RMD requirements; then the cumulative partial Surrender will not reduce the Payment Base. Any partial Surrenders that exceed the Lifetime Benefit Payment (provided that the RMD exception above does not apply), will reduce the Payment Base on a proportionate basis for the amount in excess of the Lifetime Benefit Payment. If your Contract Value is less than your Payment Base, reductions on a proportionate basis will be greater than if done on a dollar-for-dollar basis. See Future5 and Future6 Examples 2 and 3 in Appendix A for an illustration of this calculation.

Partial Surrenders taken during any Contract Year that cumulatively exceed the AWA, but do not exceed an annual Threshold Payment or Lifetime Benefit Payment, as the case may be, will be free of any applicable CDSC.

Transfers of Contract Value to the Personal Pension Account will also reduce your Payment Base on a dollar-for-dollar basis if they are less than the Transfer Limit and proportionally for any cumulative transfers above the Transfer Limit. The Future5 and Future6 Transfer Limits will equal your applicable Withdrawal Percentage multiplied by your then current Payment Base. Please see Future5 and Future6 Examples 2 and 3 in Appendix A for an illustration of this calculation.

Since the Maximum Anniversary Value III and the Return of Premium III Death Benefit riders each have their own Transfer Limit, which may be a different amount that the Transfer Limit imposed by Future5 or Future6. If there is a conflict, then the Transfer Limit of Future5 or Future6 prevails. Please refer to Future5 and Future6 Examples 2 and 3 in Appendix A for an illustration of partial Surrenders and the Transfer Limit.

Your Payment Base can never be less than $0 or more than $5 million. Any activities that would otherwise increase the Payment Base above this limit will not be included for any benefits under the rider.

Please refer to this rider’s section entitled “What happens if you change ownership?” and “Can your Spouse continue your Lifetime Withdrawal Benefit?” for a discussion regarding how your Payment Base can be recalculated following a Covered Life change. Please refer to the section entitled “How is the charge for the rider calculated? for more information regarding the possible termination of Market Increases, Deferral Bonuses and Withdrawal Percent increases associated with declining rider charge increases.


•	Deferral Bonus Base

On each Contract Anniversary during the Deferral Bonus Period, we may apply a Deferral Bonus to your Payment Base. You will not receive a Deferral Bonus if your Market Increase is greater than or equal to your Deferral Bonus. The Deferral Bonus will vary depending on the rider version you select. The Deferral Bonus for Future5 is 5%. The Deferral Bonus for Future6 is 6%. The Deferral Bonus will be calculated as a percentage of the Deferral Bonus Base as of the Valuation Day prior to each Contract Anniversary during an effective Deferral Bonus Period. The Deferral Bonus Period will cease upon the earlier of the tenth Contract Anniversary, when you take any partial Surrender, or if a transfer is made to the Personal Pension Account that

is in excess of the Future5 and Future6 Transfer Limit.

When you elect this rider, your Deferral Bonus Base is equal to your initial Premium Payment (without deduction of sales charges, if any). Thereafter, your Deferral Bonus Base will be reset on each Contract Anniversary to the greater of the Payment Base when a Market Increase occurs, or the Deferral Bonus Base on the Valuation Day prior to each Contract Anniversary during an effective Deferral Bonus Period i.e., until you make a Surrender.

Subsequent Premium Payments or transfers from the Personal Pension Account will increase your Deferral Bonus Base by the dollar amount of the Premium Payment or transfer during the Deferral Bonus Period.

Transfers to the Personal Pension Account during each Contract Year during an effective Deferral Bonus Period that are equal to or less than the Transfer Limit will reduce your Deferral Bonus Base on a dollar-for-dollar basis.

Cumulative transfers to the Personal Pension Account during each Contract Year during an effective Deferral Bonus Period that are greater than the rider Transfer Limit will cause the Deferral Bonus Period to end and the Deferral Bonus Base will permanently be set to zero. Transfers or Surrenders due to a divorce settlement will end the Deferral Bonus Period and the Deferral Bonus Base will be set to zero.

Please refer to Future5 and Future6 Examples 1-2 in Appendix A for an illustration of a Deferral Bonus being applied to increase a Payment Base and when a transfer ends the Deferral Bonus Period.

Your Deferral Bonus Base can never be less than $0 or more than $5 million. Any activities that would otherwise increase the Deferral Bonus Base above this limit will not be included for any benefits under the rider.

Please refer to the section entitled “What happens if you change ownership?” and “Can your Spouse continue your Lifetime

Withdrawal Benefit?” for a discussion regarding how your Deferral Bonus Base can be recalculated following a Covered Life change.

Is either rider designed to pay you withdrawal benefits for your lifetime?

Yes. However, withdrawals taken prior to the Lifetime Income Eligibility Date (Threshold Payments) are not guaranteed to be available throughout your lifetime. Such withdrawals will reduce (and may even eliminate) the Payment Base otherwise available to establish lifetime benefits.

Threshold Payments or Lifetime Benefit Payments are calculated by multiplying your Payment Base by the applicable Withdrawal Percentage. The Withdrawal Percentage varies based on whether you selected either the Single or Joint/Spousal ownership option and the age of the relevant Covered Life at the time of the first partial Surrender.

The applicable Withdrawal Percentages are as follows:



Age	Single	Joint/Spousal
<59½ - 65	4.0%	3.5%
65+	5.0%	4.5%


•	Except as provided below, the Withdrawal Percentage will be based on the chronological age of the relevant Covered Life at the time of the first partial Surrender. If a partial Surrender HAS NOT been taken, your new Withdrawal Percentage will be effective on the next birthday that brought the relevant Covered Life into a new Withdrawal Percentage age band; or

•

If a partial Surrender HAS been taken, the Withdrawal Percentage will be locked at the time of the partial Surrender. Once the relevant Covered Life enters the new age band, the Withdrawal Percentage will unlock at the next Contract Anniversary only if there is a Market Increase. In the event that there is a Deferral Bonus credited and not a Market Increase, the Withdrawal Percentage will remain locked.

Is either rider designed to pay you Death Benefits?

No. However, by electing either rider you are required to elect and maintain an optional death benefit rider.

Does either rider replace the standard Death Benefit?

No.

Can you revoke the riders?

No.

What effect do partial or full Surrenders have on your benefits under the riders?

Please refer to “Does your benefit base change under the riders?” for the effect of partial Surrenders and transfers to and from the Personal Pension Account. You may make a full Surrender of your entire Contract at any time. However, you will receive your Contract Value with any applicable charges deducted and not your Payment Base, Deferral Bonus Base and any future Threshold Payments or Lifetime Benefit Payments.

Prior to the Annuity Commencement Date, if:


(A)	on any Contract Anniversary your Contract Value, due to investment performance, is reduced below an amount equal to the greater of either (i) the Contract minimum rule stated under your Contract or (ii) one of your Lifetime Benefit Payments or such lower amount as we, in our discretion, may establish; or


(B)	on any Valuation Day, as a result of a Partial Surrender, your Contract Value is reduced below (x) an amount equal to the greater of the Contract minimum rule stated under your Contract or (y) one of your Lifetime Benefit Payments or such lower amount as we, in our discretion, may establish, then:


1.	You must transfer your remaining Contract Value to an asset allocation model(s), investment program(s), Sub-Account(s), fund of funds Sub-Account(s), or other investment option(s) approved by us for purposes of the rider Minimum Amount Rule.


a)	One of the approved investment options, as described above, must be elected within 10 days from the date the minimum amount was reached.


b)	If we do not receive your election within the above stated time frame, you will be deemed to have irrevocably authorized us to move your remaining Contract Value into the Money Market Sub-Account, or other investment option(s) approved by us.


c)	If you choose not to participate in one of the approved investment options, then we will automatically liquidate your remaining Contract Value. Any applicable CDSC will be assessed and the Contract will be fully terminated.


2.	Once the Contract Value is transferred to an approved investment option, the following rules will apply:


a)	You will receive your then current Lifetime Benefit Payment, which will be equal to your Lifetime Benefit Payment at the time your Contract Value reduces below the rider Minimum Amount Rule, at the frequency that you select. The frequencies will be among those offered by us at that time but will be no less frequently than annually.


b)	Ongoing Lifetime Benefit Payments will no longer reduce your Contract Value.


c)	We will no longer accept subsequent Premium Payments or transfer(s) from other Sub-Account(s).


d)	We will waive the Annual Maintenance Fee and rider charge on your Contract.


e)	Market increases and Deferral Bonuses, if applicable, on each Contract Anniversary will no longer apply.

if cumulative partial Surrenders within a Contract Year are requested in excess of the Lifetime Benefit Payment, then we will automatically liquidate your remaining Contract Value. Any applicable CDSC will be assessed and the Contract will be terminated.

What happens if you change ownership?

Inasmuch as the riders are affected only by changes to the relevant Covered Life, only these types of changes are discussed below. We reserve the right to approve all Covered Life changes. Certain approved changes in the designation of a Covered Life may cause a recalculation of the rider benefits. Covered Life changes also allow us, in our discretion, to impose then prevailing investment restrictions, as described below.

Any Covered Life change made within the first six months from the Contract Issue date will have no impact on the Payment Base or Deferral Bonus Base as long as each succeeding Covered Life is less than the maximum age limitation of the rider at the time of the change. The Withdrawal Percentage, Lifetime Benefit Payment, and Threshold Payment, as applicable, will thereafter change based on the age of the new relevant Covered Life.


•	Single Life Option:

Any Covered Life changes after the first six months from Contract Issue date will cause a reset as follows:


A.	If we no longer offer such rider, we will revoke the rider. The charge for the rider then in effect will be assessed on the revocation date and will no longer be assessed thereafter; or

If we offer the rider, then we will use the attained age of the older Covered Life as of the date of the Covered Life change to reset the Withdrawal Percentage, Lifetime Benefit Payment, Threshold Payment and Transfer Limit. The Payment Base will be recalculated to be the lesser of the Contract Value or the Payment Base effective on the date of the change. If no partial Surrenders or Transfers to the Personal Pension Account above the Transfer Limit have been taken, the Deferral Bonus Base will be recalculated to be the lesser of the Contract Value or the Deferral Bonus Base effective on the date of the change. If a partial Surrender has been taken or there had been a transfer to the Personal Pension Account above the Transfer Limit prior to the date of the Covered Life change, the Deferral Bonus Period will end and the Deferral Bonus Base will be zero; or


C.	If we offer such rider and the older Covered Life after the change exceeds the maximum age limitation of this rider at the time of the change; the rider will be terminated and removed from the Contract.

If such rider is no longer available for sale, we will determine the issue age limitation of the rider on a non-discriminatory basis.


•	Joint/Spousal Option:

After the first six months from the Contract Issue date, if you elected the Joint/Spousal Option and partial Surrenders, including a transfer to the Personal Pension Account, have not yet been taken, in the event that you and your Spouse become legally divorced, you may add a new Spouse to the Contract provided that the age limitation of the rider is not exceeded, the Payment Base and Deferral Bonus Base will remain the same. We will then recalculate your Withdrawal Percentage, Lifetime Benefit Payment, Threshold Payment and Transfer Limit based on the age of the younger Covered Life as of the date of the change. The charge for the rider will remain the same.

Alternatively, if after the first six months from the Contract Issue date, if you elected the Joint/Spousal Option and partial Surrenders have been taken or a transfer to the Personal Pension Account has been made, in the event that you and your Spouse become legally divorced, you may only remove your ex-Spouse from the Contract whereupon the Payment Base and Deferral Bonus Base will remain the same. We will then recalculate your Withdrawal Percentage, Lifetime Benefit Payment, Threshold Payment and Transfer Limit based on the age of the remaining Covered Life as of the date of the change. These recalculations will continue to be based on the Joint/Spousal Option. You may not convert your Joint/Spousal Option election to a Single Life Option. The charge for the rider will remain the same.

If you have elected the Joint/Spousal Option and after the first six months following the Contract issue date, if any Covered Life change takes place that is not due to a divorce, then:


A.	If the older Covered Life after the change is equal to or less than the maximum age limitation of the rider at the time of the change, then we will revoke the rider. The charge for the rider then in effect will be assessed on the revocation date and will no longer be assessed thereafter; or


B.	If the older Covered Life after the change exceeds the maximum age limitation of the rider, or we no longer offer the rider, then the rider will terminate.

Can your Spouse continue your Lifetime Withdrawal Benefit?


•	Single Life Option:

If a Covered Life dies and the sole Beneficiary is the deceased Covered Life’s Spouse at the time of death, such Spouse may continue the Contract. If the Contract and the rider are continued as described below, we will continue the rider with respect to all Lifetime Withdrawal Benefits at the charge that is currently being assessed for new sales at the time of continuation. The Covered Life will be re-determined on the date of Spousal Contract continuation.

If the new Covered Life is less than age 81 at the time of the Spousal Contract continuation, and such rider (or a similar rider, as we determine) is still available for sale, the Payment Base and Deferral Bonus Base will be set equal to the Contract Value, the Withdrawal Percentage, Lifetime Benefit Payment, Threshold Payment and Transfer Limit will be recalculated based on the age of the older remaining Covered Life on the effective date of the Spousal Contract continuation. The Deferral Bonus Period will not be re-set but will continue, if applicable, uninterrupted. If the new Covered Life equal or older than the maximum rider age at the time of the Spousal Contract continuation, the rider will terminate and the rider charge will no longer be assessed.

If we are no longer offering such rider at the time of Spousal Contract continuation, we will revoke the rider and the rider charge will no longer be assessed.


•	Joint/Spousal Option:

Either rider is designed to facilitate the continuation of your rights by your Spouse through the inclusion of a Joint/Spousal Option. If a Covered Life dies and the Contract and the rider are continued as described below, the rider will continue with respect to all benefits at the then current rider charge. The benefits will be reset as follows:


•	The Payment Base will be equal to the greater of Contract Value or the Payment Base on the Spousal Contract continuation date;


•	The Deferral Bonus Base will be equal to the greater of Contract Value or the Deferral Bonus Base on the Spousal Contract continuation date;


•	The Deferral Bonus Period, if applicable, will not reset; the Deferral Bonus Period will continue uninterrupted;


•	The Lifetime Benefit Payment, Threshold Payment, and Transfer Limit will be recalculated; and


•	The Withdrawal Percentage will remain at the current percentage if partial Surrenders have commenced; otherwise the Withdrawal Percentage will be based on the attained age of the remaining Covered Life on the Spousal Contract continuation date.

The remaining Covered Life cannot name a new Owner on the Contract. Any new Beneficiary that is added to the Contract will not be taken into consideration as a Covered Life. Either rider will terminate upon the death of the remaining Covered Life.

What happens if you annuitize your Contract?

If you elect to annuitize your Contract prior to reaching the Annuity Commencement Date, you may only annuitize your Contract Value. If your Contract reaches the Annuity Commencement Date, the Contract must be annuitized. In this circumstance, the Contract may be annuitized under our standard annuitization rules or the payment of the Lifetime Benefit Payment or Threshold Payment, as the case may be, may continue under a Life Annuity Payout Option.

Annuity Payout Options under this rider:

Single Life Option:

If you have elected the Single Life Option, we will issue you a Life Annuity (Annuity Payout Option One). The lifetime portion will be based on the Covered Life determined at Annuity Commencement Date. We treat the Covered Life as the Annuitant for this payout option. If there is more than one Covered Life, then the lifetime portion will be based on both Covered Lives. The Covered Lives will be the Annuitant and joint Annuitant for this payout option. The lifetime portion will terminate on the first death of the two.

If the older Annuitant is younger than age 59½, we will automatically defer the date the payments begin until the anniversary after the older Annuitant attains age 59½ and is eligible to receive payments in a fixed dollar amount until the death of any Annuitant.

If the older Annuitant is age 59½ or older, you will receive payments in a fixed dollar amount until the death of any Annuitant.

Joint/Spousal Option:

If you have elected the Joint/Spousal Option and both Spouses are alive, we will issue you a Joint and Last Survivor Life Annuity (Annuity Payout Option Four). The lifetime portion will be based on the surviving Covered Life. The Covered Lives will be the Annuitant and Joint Annuitant for this payout option. The lifetime benefit will terminate on the last death of the two. If only one Spouse is alive, we will issue a Life Annuity (Annuity Payout Option One).

If the younger Annuitant is younger than age 59½, we will automatically defer the date that payments begin until the anniversary after the younger Annuitant attains age 59½ and is eligible to receive payments in a fixed dollar amount until the death of the last surviving Annuitant.

If the younger Annuitant is age 59½ or older, you will receive payments in a fixed dollar amount until the death of the last surviving Annuitant.

Are there restrictions on how you must invest?

Yes. You must invest your Contract Value (including future investments) within an approved asset allocation model(s), Fund(s), and other investment program(s) approved and designated by us that correspond with the rider version chosen. As of the date of this prospectus, if you elect Future5, you must invest in the Portfolio Planner or Investment Strategies asset allocation models or approved Funds listed in Appendix D. These models will be rebalanced quarterly. If you elect Future6, you must invest in the Personal Protection Portfolio asset allocation models listed in Appendix D. The Personal Protection Portfolio models are rebalanced monthly.

We may prospectively modify, add, delete, or substitute (to the extent permitted by applicable law), the asset allocation models, investment programs, Funds, portfolio rebalancing requirements, and other investment requirements and restrictions that apply while either rider is in effect. For instance, we might amend these asset allocation models if a Fund (i) is merged into another fund, (ii) changes investment objectives, (iii) closes to further investments and/or (iv) fails to meet acceptable risk parameters. These reservations will not be applied with respect to then existing investments. We will give you advance notice of these changes. Please refer to “Other Program considerations” under the section entitled “What other ways can you invest?” in Section 4(a) for more information regarding the potential impact of fund mergers and liquidations with respect to then existing investments within an asset allocation model.

Except as provided below, failure to comply with the applicable investment requirement or restriction will result in termination of the rider. If the rider is terminated by us, for violation of applicable investment requirements or restrictions, we will assess a pro-rated share of the rider charge and will no longer assess a rider charge thereafter. Termination of the rider will not terminate any concurrent guaranteed minimum death benefit rider. In the event of a conflict between the investment requirements and restrictions of this rider and those imposed by any other guaranteed minimum death benefit rider, the investment requirements and restrictions of this rider shall prevail.

If the rider is terminated by us due to a failure to comply with these investment restrictions, you will have a one time opportunity to reinstate the rider by reallocating your Contract Value in accordance with then prevailing investment restrictions. You will have a fifteen day reinstatement period to do this. The reinstatement period will begin upon termination of the rider. Your right to reinstate the rider will be terminated if during the reinstatement period you make a subsequent Premium Payment, take a partial Surrender, transfer Contract Value into the Personal Pension Account or make a Covered Life change. Upon reinstatement, your Payment Base will be reset at the lower of the Payment Base prior to the termination or Contract Value as of the date of reinstatement. Your Withdrawal Percentage will be reset to equal the Withdrawal Percentage prior to termination unless during the reinstatement period the relevant Covered Life qualifies for a new age band.

Upon reinstatement, your Deferral Bonus Base will be reset at the lower of the Deferral Bonus Base prior to the termination or Contract Value as of the date of reinstatement.

We may require that you comply with then prevailing investment restrictions upon Spousal Contract continuation or permissible Covered Life changes. Investment in any asset allocation model could mitigate losses during declining market conditions but also hamper potential gains during inclining market conditions. The asset allocation models that you must invest in under either rider provide very different potential risk/reward characteristics. We are not responsible for lost investment opportunities associated with the implementation and enforcement of these investment requirements and restrictions.

Both rider versions require that you invest in asset allocation models. However, we are able to offer certain attributes associated with the Future6 rider, such as a higher Deferral Bonus and lower rider charges, based on our assumptions that the Personal Protection Portfolios, and particularly, the requirement to maintain 50% of your Contract Value in the BlackRock Managed Volatility V.I. Fund within these models, or 100% in the BlackRock Managed Volatility V.I. Fund, may reduce overall Contract Value volatility and mitigate our guarantee obligations by potentially reducing investment returns that you might have received during favorable market conditions.

The BlackRock Managed Volatility V.I. Fund does not seek to manage volatility based on Contract Owners' allocations to the other Funds within the Personal Protection Portfolios. Instead, the BlackRock Managed Volatility V.I. Fund utilizes a volatility control process that is independent of Contract Owners allocations of Contract Value. The BlackRock Managed Volatility V.I. Fund may reduce investment returns that you might receive during favorable market conditions and may mitigate our guarantee obligations under the Contracts. In addition, the BlackRock Managed Volatility V.I. Fund may fail to achieve its investment objective, which includes managing volatility.

If you desire your Contract Value to be subject to less volatility than the Personal Protection Portfolios asset allocation models, a 100% allocation to the BlackRock Managed Volatility V.I. Fund may be more appropriate for you. You should consult with your investment professional about which investment options are best for you. Some factors you may consider and discuss with your investment professional when reviewing the updated Personal Protection Portfolios and the BlackRock Managed Volatility V.I. Fund are: your investment time horizon and risk appetite, the importance of protecting your Contract Values from volatility, the impact that managed volatility may have on your investment returns during favorable market conditions, and the likelihood that you will utilize or realize your rider benefits.

Are there restrictions on the amount of subsequent Premium Payments?

Yes. We require prior approval of subsequent Premium Payments after the first Contract Anniversary after the rider effective date. In addition, we will not accept any subsequent Premium Payments in excess of $100,000 in the aggregate while the rider is in effect without our prior approval. This restriction is not currently enforced. Following your Annuity Commencement Date, we will no longer accept subsequent Premium Payments.

Can we aggregate Contracts?

Yes. For purposes of determining the Payment Base, Deferral Bonus Base and Premium Payment limits, we reserve the right to treat as one all deferred variable annuity Contracts issued by us where you have elected any similar optional withdrawal benefit rider. We will not aggregate contracts with dissimilar optional riders such as a contract with an optional guaranteed minimum accumulation benefit such as Safety Plus with a contract with a guaranteed lifetime withdrawal benefit such as Future5 or Future6. If we elect to aggregate Contracts, we will recalculate Lifetime Benefit Payments, partial Surrenders and Transfer Limits across aggregated contracts. We will also re-set the date we set these values to operate on a Calendar Year anniversary basis (i.e., January 1 Contract Anniversary) in lieu of multiple Contract Anniversaries.

Other information

The rider may not be appropriate for all investors. Several factors, among others, should be considered:

•

Your required participation in the Personal Protection Portfolio models end when the Future6 rider terminates. You must provide us with re-allocation instructions at that time. We will contact you and your Financial Intermediary in writing and/or via telephone to seek instructions to re-allocate your Contract Value outside of the Personal Protection Portfolio and BlackRock Managed Volatility V.I. Fund. You may independently invest in the BlackRock Managed Volatility V.I. Fund if you have Future6.


•	If you also invest in the Personal Pension Account, transfers to the Personal Pension Account in excess of the Transfer Limit will end the Deferral Bonus Period and the Deferral Bonus Base will be zero.


•	The benefits under either rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.


•	Annuitizing your Contract, whether voluntary or not, will impact and possibly eliminate these benefits.

•

Even though either rider is designed to provide living benefits, you should not assume that you will necessarily receive “payments for life” if you have violated any of the terms of either rider or if you commence taking Threshold Payments prior to your Lifetime Income Eligibility Date. Withdrawals taken prior to the Lifetime Income Eligibility Date (Threshold Payments) are not guaranteed to be available throughout your lifetime. Such withdrawals will reduce (and may even eliminate) the Payment Base otherwise available to establish lifetime benefits.


•	The determination of the relevant Covered Life is established by us and is critical to the determination of many important benefits such as the Withdrawal Percentage used to set Lifetime Benefit Payments and the Transfer Limit.


•	We may withdraw this rider for new sales at any time.


•	If you elect either rider, you must elect an optional guaranteed minimum death benefit such as Maximum Anniversary Value III or Return of Premium III for an additional charge. If you violate the terms of either rider, but not the terms of the optional Death Benefit rider, we will terminate this rider but you may be required to continue the Death Benefit rider at an additional charge.


•	When the Single Life Option is chosen, Spouses may find continuation of either rider to be unavailable or unattractive after the death of the Contract Owner. Continuation of the benefits available in either optional rider is dependent upon its availability at the time of death of the first Covered Life.


•	Annuity payout options available subsequent to the Annuity Commencement Date may not necessarily provide a stream of income for your lifetime and may be less than Lifetime Benefit Payments.


•	The fee for either rider may change at every Contract Anniversary irrespective of Market Increases or Deferral Bonuses, if any.


•	We do not automatically increase payments under the Automatic Income Program if your Lifetime Benefit Payment increases. If you are enrolled in our Automatic Income Program to make Lifetime Benefit Payments and your eligible Lifetime Benefit Payment increases, you need to request an increase in your Automatic Income Program. We will not individually notify you of this privilege.

•

The purchase of these riders may not be appropriate for custodial owned contracts, beneficiary or inherited IRAs or contracts owned by certain types of non-natural entities, including Charitable Trusts. Because these types of owners and many non-natural entities may be required to make certain periodic distributions and those amounts may be different than the withdrawal limits permitted under the rider, you should discuss this with your tax advisor or investment professional to determine the appropriateness of this benefit. We are not responsible for violations to riders due to your obligation to comply with RMD obligations.


•	Future6 is referred to as Guaranteed Minimum Withdrawal Benefit Plus in your Contract. Future5 is referred to as Guaranteed Minimum Withdrawal Benefit in your Contract.

b. Personal Pension Account

As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).* Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).


*	Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.

Interests in the Personal Pension Account are not registered under the 1933 Act and the Personal Pension Account is not registered as an investment company under the 1940 Act. Accordingly, neither the Personal Pension Account nor any of its interests are subject to the provisions or restrictions of the 1933 Act or the 1940 Act, and the staff of the SEC has not reviewed the disclosures regarding the Personal Pension Account. The following disclosure about the Personal Pension Account is subject to certain generally applicable provisions of the federal securities laws regarding the accuracy and completeness of disclosures. The Personal Pension Account is currently available to IRA, Roth IRA, SEP and Non-Qualified plan types. The Personal Pension Account may not be available to all types of ownership arrangements, or in all states.

Objective

The objective of the rider is to provide a fixed rate of growth on investments and longevity protection through the certainty of predetermined lifetime payouts and a death benefit. Withdrawals from the Personal Pension Account may be subject to commutation, please see below.

How does the rider help achieve this goal?

The Personal Pension Account bears some similarities to a Fixed Accumulation Feature where you may also receive a fixed interest rate investment return. In this regard, the Personal Pension Account is an alternative to the uncertainty of investing in Funds where your return depends on the investment performance of the Funds you select. However, the Personal Pension Account operates very differently than the Fixed Accumulation Feature. The Fixed Accumulation Feature is designed to serve as a conventional accumulation-oriented investment; you put money in to build up your investment, and you can then withdraw money to meet financial needs as they arise. Until October 3, 2014, you can also transfer some or all of your investment to the Funds or the Personal Pension Account, and your beneficiaries receive a death benefit if you die. The Personal Pension Account is designed to serve a different purpose; it has features and guarantees that you can use to design your own personal pension plan to provide guaranteed life-long income payouts without having to use Funds or Fixed Accumulation Feature for that purpose. You will know at the time of each Personal Pension Account Contribution what you can expect in terms of guaranteed payout rates (provided that Personal Pension Account Payouts are commenced during your Guarantee Window). Crediting rates (which reduce over time bands) are also available at or prior to each Personal Pension Account Contribution. While you can also use the Fixed Accumulation Feature to take systematic withdrawals or annuity payouts, the amount of those income payments is not guaranteed in advance.

Why would you invest in the Fixed Accumulation Feature if the Personal Pension Account rider gives you guaranteed payout rates and more flexibility structuring payouts? In order to give you the guarantees and income payment flexibility, we had to

place significant restrictions on how much you can transfer out of the Personal Pension Account in any year as well as on your ability to receive lump sum payments. Instead of surrendering part or all of the amounts you have built up in the Personal Pension Account, you can get a lump sum payment only by specifying some or all of the payouts you are receiving, and then commuting them into a lump sum. When you commute your Personal Pension Account, you may end up getting less than you would have if you invested in the Fixed Accumulation Feature or Funds. This is the tradeoff you have to accept in return for getting the additional flexibility and guarantees that let you design your own personal pension plan.

The Personal Pension Account also bears many similarities to guaranteed minimum withdrawal benefits such as Future5 and Future6. Generally speaking, however, the Personal Pension Account may better satisfy a long-term investor’s need for the present certainty of future lifetime payouts (subject to limitations) than is otherwise available to those electing a guaranteed minimum withdrawal benefit.

When can you buy the rider?

The Personal Pension Account rider is no longer available for purchase (including adding it to existing Contracts).

Except as noted below (see Other Considerations below), the minimum initial Personal Pension Account Contribution is $10,000 and failure to maintain a minimum Accumulation Balance of $5,000 will result in premature commencement of Personal Pension Account Payouts. Subsequent Premium Payments can be made into Funds and/or the Fixed Accumulation Feature before or after Personal Pension Account Payouts have begun (if received before your Annuity Commencement Date).

We may close the Personal Pension Account to new Personal Pension Account Contributions at any time without notice. We may also make the Personal Pension Account available only through enrollment in one or more investment Programs that we establish.

Does buying the rider forfeit your ability to buy other riders?

No.

How is the charge for the rider calculated?

We do not charge a separate rider fee for the Personal Pension Account. Our expenses associated with offering this rider are factored into credited and payout rates.

Does your benefit base change under the rider?

Yes. You invest in the Personal Pension Account through Personal Pension Account Contributions. Your first Personal Pension Account Contribution becomes your initial “Benefit Balance.” The Benefit Balance will be increased by the amount of each subsequent Personal Pension Account Contribution, transfers into the Personal Pension Account from the Fixed Accumulation Feature and Funds; and, credited interest. Unlike the Fixed Accumulation Feature, the Benefit Balance is not indicative of what you would receive as a lump sum.

Once you start taking Personal Pension Account Payouts, your Benefit Balance is divided into an “Accumulation Balance” and “Annuity Payout Value.” Annuity Payout Value refers to the sums used to fund your Personal Pension Account Payouts and anything remaining is referred to as your Accumulation Balance. Because you may convert all or any portion of your Accumulation Balance into Personal Pension Account Payouts at different times, you may have more than one Annuity Payout Value.

We will credit interest to your Accumulation Balance at a minimum rate of 1.5% (called a “credited rate(s)”) for so long as you have an investment in the Personal Pension Account. We may apply a credited rate that is higher than this minimum interest rate. Different credited rates may apply during the course of your investment in the Personal Pension Account. Credited rates may also vary based on contract variation, Annuity Payout Option, and your gender.

We may prospectively set new credited rates and time periods over which such credited rate(s) shall apply that will be applied to new Personal Pension Account Contributions. This means that portions of your Accumulation Balance may earn interest at different credited rates. See Examples 1, 2 and 4 under the Personal Pension Account Examples in Appendix A for an illustration of how different credited rates may apply during the term of your Contract.

We will confirm your credited rate schedule with each Personal Pension Account Contribution. There is no specific formula for determining credited rates and no assurances are offered as to future credited rates and their applicability to your Contract. Some of the factors that we may consider in determining credited rates include, but are not limited to, general economic trends, rates of return currently available for the types of investments and durations that match these or our general liabilities and anticipated yields on our General Account investments, regulatory and tax requirements, mortality risks, and competitive factors. We expect to make a profit in setting credited rates.

We will account for any Personal Pension Account Contributions, Personal Pension Account Payouts, interest, and deductions separately and on a first-in, first-out basis for the purposes of determining which credited rates are associated with each Personal Pension Account Contribution.

Is the rider designed to pay you withdrawals for your lifetime?

Yes. You may tell us to start paying you annuity payouts called “Personal Pension Account Payouts” at any time or at different times until your Annuity Commencement Date. There is a thirty day waiting period for your first Personal Pension Account Payout following each Personal Pension Account Start Date.

Your ability to receive lump sum payments from the Personal Pension Account is limited. You do not withdraw any part of your Benefit Balance in the same way that you can Surrender your Contract Value from Funds or the Fixed Accumulation Feature. Rather, you must convert Accumulation Balance into an Annuity Payout Value that is then used to set your Personal Pension Account Payouts. In contrast, you may Surrender any or all of your Contract Value without affecting your Annuity Payout Value and may commute any or all of your Annuity Payout Value without affecting your Contract Value. You may terminate your Contract by (a) fully surrendering all of your Contract Value in the Funds and Fixed Accumulation Feature; and (b) commuting your Annuity Payout Value in your Personal Pension Account (as discussed in more detail below) thereby giving up your right to future Personal Pension Account Payouts. The amount ultimately received as a consequence of your investment in the Personal Pension Account is not predictable because of the uncertainty of factors such as how long you have invested in the Personal Pension Account, credited rates in effect at the time of investment, the discount rate used for commutation, and how long you receive lifetime Personal Pension Account Payouts.

We reserve the right to require that you own your Contract for at least six months before you start receiving Personal Pension Account Payouts. For Qualified Contracts, we reserve the right to require that you start taking Personal Pension Account Payouts no later than when the Annuitant turns age 70½.

Personal Pension Account Payouts received prior to the Annuity Commencement Date are considered to be partial annuitizations under the Code. You will automatically start receiving Personal Pension Account Payouts on your Annuity Commencement Date. Personal Pension Account Payouts will be paid in the manner described in Annuity Payout Option Two or Eight under the heading “When do your Annuity Payouts begin?” under the Annuity Payouts section.

We will calculate the amount of your Personal Pension Account Payouts by applying the applicable payout rate to your Accumulation Balance. We will provide you with guaranteed payout rates corresponding with your Guarantee Window each time that you make a Personal Pension Account Contribution. Payout rates are set at our sole discretion. Minimum guaranteed payout rates are described in your Contract. Payout rates may vary based on contract variation, gender and the Annuity Payout Option selected. There is no specific formula for determining payout rates and, except as specifically provided below, there is no assurance as to future payout rates. Some of the factors that we may consider in determining payout rates include, but are not limited to, general economic trends, rates of return currently available for the types of investments and durations that match our liabilities and anticipated yields on our General Account investments, regulatory and tax requirements, and competitive factors and mortality tables (including age and gender factors). We expect to make a profit in setting payout rates.

When you first make a Personal Pension Account Contribution, you will be required to choose a Target Income Age at which Personal Pension Account Payouts are likely to begin. The Target Income Age cannot exceed twenty years from the oldest Annuitant’s age (Single Life Option) or the oldest Spouse (Joint Life Option) at the time of investment or age 80, whichever shall first occur. A single Target Income Age will apply to your Contract irrespective of the number of subsequent Personal Pension Account Contributions you may make in the future. Except as provided under Annuity Payout Option Two and Eight, the Target Income Age cannot be changed.

We will use guaranteed payout rate(s) to calculate Personal Pension Account Payouts if you commence taking Personal Pension Account Payouts during the timeframe that begins three years prior to the Target Income Age and ends three years after the Target Income Age (this seven year period is referred to as the “Guarantee Window”). In the event that you do not establish a Target Income Age that is at least three years from your current age when you make your first Personal Pension Account Contribution, we will automatically reset your Target Income Age to such date and adjust your Guarantee Window accordingly, subject to the maximum Target Income Age limitations stated above. If you elect Annuity Payout Option Eight, we will establish payout rates by deducting the age of the youngest Annuitant from the age of the oldest Annuitant as of the date of your initial Personal Pension Account Contribution. This differential in ages (rounded up to a full year) will also be used for establishing payout rates for any subsequent Personal Pension Account Contributions regardless of when during each calendar year they are made.

If you commence taking Personal Pension Account Payouts at any time outside of the Guarantee Window, then we will calculate your Personal Pension Account Payouts using the lower of (x) then current payout rate(s) or (y) the maximum payout rate applicable at the time of each Contribution that corresponds to the actual time deferred; but, in no event will the payout rate be less than (z) the minimum guaranteed payout specified in your Contract. Personal Pension Account Payouts taken outside of your Guarantee Window are not guaranteed. The existence of guaranteed payout rates, among other things, distinguishes the Personal Pension Account from the way we treat annuitization of your Contract Value and investments in the Fixed Accumulation Feature at the end of the accumulation phase of your Contract. See Examples 1 and 4 under the Personal Pension Account Examples in Appendix A for an illustration of Personal Pension Account Payouts during the Guarantee Window.

Personal Pension Account Payouts are not cumulative and may not be advanced, commuted or accelerated, except as explicitly stated in this prospectus. Subject to applicable state insurance law, the Personal Pension Account does not establish a cash surrender benefit.

Personal Pension Account Payouts will generally terminate upon receipt of due proof of death of the Owner, joint Owner, Annuitant, or Joint Annuitant (if applicable), depending on the Annuity Payout Option then in effect. Please refer to the Annuity Payouts section for more information regarding the cessation of Personal Pension Account Payouts based on the death of an

Owner, Annuitant or Joint Annuitant, as applicable, and how these events vary depending upon whether transpiring before or after the Annuity Commencement Date.

Is this rider designed to pay you a death benefit?

Yes. The Personal Pension Account includes a Death Benefit that is initially equal to your Benefit Balance. Your Personal Pension Account Death Benefit increases as a result of additional Personal Pension Account Contributions, transfers into the Personal Pension Account, and credited interest. Your Personal Pension Account Death Benefit decreases as you take Personal Pension Account Payouts. Your Personal Pension Account Death Benefit also decreases upon commutation of your Annuity Payout Value and may be eliminated over time. Benefit Balance transfers to Funds and/or the Fixed Accumulation Feature also decrease your Personal Pension Account Death Benefit but because these amounts are converted into Contract Value, they become part of the standard Death Benefit and/or an optional Death Benefit then in effect. The method of payment of the Death Benefit will be subject to the restrictions described in the “Standard Death Benefit” section. Personal Pension Account Death Benefits are not subject to annuitization, commutation or the imposition of a CDSC, if applicable.

Does the rider replace the standard Death Benefit?

No. The Personal Pension Account Death Benefit supplements the standard Death Benefit or any optional Death Benefit then in effect.

Can you revoke the rider?

No.

What effect do partial or full Surrenders have on your benefits under the rider?

Lump Sum Payments — You may commute any or all of your Annuity Payout Value to get a lump sum payment from the Personal Pension Account. You must therefore initiate Personal Pension Account Payouts to commute your Annuity Payout Value.

We compute your Personal Pension Account commuted value by first calculating the number of Personal Pension Account Payouts (corresponding to the Annuity Payout Value that you seek to commute) that when added together will equal the amount of your commutation request. We then compute the time period over which these Personal Pension Account Payouts would have otherwise been paid (this time period is called the “Guaranteed Payout Duration”). We then use a present value formula to compute the lump sum payable to you using the discount rate then in effect. Please see “What is the Commuted Value?” in the Surrenders section and Personal Pension Account Examples 4a and 4b in Appendix A for more information about how Guaranteed Payout Duration is determined.

Personal Pension Account Payouts based on the remaining, non-commuted portion of your Annuity Payout Value will resume after the Guaranteed Payout Duration based on the same frequency established on your original Personal Pension Account Start Date provided that Personal Pension Account Payouts have not been terminated based on a death event pursuant to the relevant Annuity Payout Option.

Your commuted value may be significantly less than your Annuity Payout Value. This is because your commuted value depends on a number of factors, including the difference between interest rates currently being credited and the discount rate we are then using for commutation, how long you have invested in the Personal Pension Account and how long Personal Pension Account Payouts are payable pursuant to the relevant Annuity Payout Option. Please refer to “What kinds of Surrenders are available?” and “What is the Commuted Value?” in the Surrenders section as well as Example 4 under the Personal Pension Account Examples in Appendix A for more information about how commutation works.

Transfers — As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).* Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).


*	Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in NY and OR.

Each Contract Year, you may transfer a portion of your Accumulation Balance to the Fixed Accumulation Feature or Funds without having to comply with the annuitization and commutation requirements discussed above. All transfer allocations must be in whole numbers (e.g., 1%). The maximum amount of Accumulation Balance that may be transferred is the highest of:


•	4% of your Accumulation Balance as of your prior Contract Anniversary;


•	the amount of interest credited to your Accumulation Balance over the most recent full Contract Year; or


•	the amount of Accumulation Balance transferred to Contract Value during the most recent full Contract Year.

We reserve the right to: (a) limit the number of transfers from the Personal Pension Account; (b) make you wait six months after your most recent transfer from the Personal Pension Account before moving Contract Value back into the Personal Pension Account; or (c) revoke this transfer privilege at any time. Amounts transferred out of the Personal Pension Account will reduce the Accumulation Balance by the amount transferred. Amounts transferred from the Personal Pension Account to the Fixed Accumulation Feature or Funds become part of your Contract Value. You may also transfer Contract Value from your Funds or Fixed Accumulation Feature into the Personal Pension Account. Such transfers will reduce the amount of any optional Death Benefit, and will result in a reallocation of the AWA and Remaining Gross Premiums associated with your Contract Value and your Personal Pension Account investments. If you have also elected a guaranteed accumulation or withdrawal benefit, please refer to the section entitled “What effect do partial or full Surrenders have on your benefits under the rider?” within such prospectus sections for more information about the impacts of transfers to and from the Personal Pension Account on such benefits. If applicable, no CDSC will be applied to Accumulation Balance transferred to Funds or the Fixed Accumulation Feature, or vice versa. No transfers may be made to or from the Personal Pension Account after the Annuity Commencement Date. See Example 3 under the Personal Pension Account Examples in Appendix A for an illustration of transfers into your Personal Pension Account.

As a result of these out-bound transfer restrictions, it may take a significant amount of time (i.e., several years) to move Accumulation Balance to Funds or the Fixed Accumulation Feature and therefore this may not provide an effective short term defensive strategy. Please refer to Example 3 under the Personal Pension Account Examples in Appendix A for an illustration of transfer restrictions.

What happens if you change ownership?

Except as otherwise provided in the Annuity Payouts section, any successor owner must continue to abide by the Target Income Age and Guarantee Window you establish at the time of your first Personal Pension Account Contribution.

Can your Spouse continue your Lifetime Withdrawal Benefit?

Yes. However, you may not make any Personal Pension Account Contributions anytime after your Spouse is removed from your Contract if Annuity Payout Option Eight was elected. Please refer to Annuity Payout Options Two and Eight for further information.

What happens if you annuitize your Contract?

You will automatically start receiving Personal Pension Account Payouts on your Annuity Commencement Date. Personal Pension Account Payouts will be paid in the manner described in Option Two or Eight under the heading “When do your Annuity Payouts begin?” under the Annuity Payouts section. You may not make any Personal Pension Account Contributions after the Annuity Commencement Date. No transfers may be made to or from the Personal Pension Account after the Annuity Commencement Date.

Are there restrictions on how you must invest?

Yes. You have no discretion over the management of sums invested in the Personal Pension Account as they are held in our General Account.

Are there restrictions on the amount of subsequent Contributions?

As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).* Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).


*	Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.

Yes. In addition, our prior approval may be required for any single or cumulative Personal Pension Account Contribution of $1 million or more made prior to October 3, 2014. Each subsequent Personal Pension Account Contribution must be at least $1,000.

Can we aggregate Contracts?

No.

Other Information

This rider may not be appropriate for all investors. Several factors, among others, should be considered:


•	Special consideration should be given by Personal Pension Account investors who are under age 40 based on the twenty-

year limitation on setting your Target Income Age and the absence of guaranteed payout rates applied if Personal Pension Account Payouts commence outside of your Guarantee Window.


•	Because we impose commutation and transfer limitations, please work with your investment professional to ensure that your investments in the Fixed Accumulation Feature and Funds (in addition to other available assets) will be adequate to meet your liquidity and/or Required Minimum Distribution (RMD) (if applicable) needs before investing in the Personal Pension Account.


•	Credited rates available under the Personal Pension Account may be higher or lower than interest rates offered under the Fixed Accumulation Feature.


•	You must select either Annuity Payout Option Two or Eight in order to receive Personal Pension Account Payouts. These Annuity Payout Options include restrictions as to who may serve as Annuitant, Joint Annuitant and Beneficiary.


•	Anyone considering investing their entire Deposit into the Personal Pension Account should first discuss with their investment professional whether a single premium immediate annuity may offer better payout rates.


•	The Personal Pension Account should not be confused with a pension plan under ERISA. We do not assume any fiduciary duties; as such terms are defined under ERISA laws and regulations. The Personal Pension Account is not a defined benefit plan guaranteed by the Pension Benefit Guaranty Corporation or any federal or state government agency. This feature is not a corporate pension plan issued by us.

7. Optional Accumulation Benefit

Safety Plus

Objective

The objective of the rider is to ensure that you receive no less than the Guaranteed Accumulation Benefit of the Safety Plus rider on the Rider Maturity Date and provides enhanced income to the Personal Pension Account at the Rider Maturity Date. Your Guaranteed Accumulation Benefit will initially equal your Premium Payments and will increase by subsequent Premium Payments and any amounts that you transfer from the Personal Pension Account if such Premium Payments and transfers are received before your first rider anniversary.

Please consider the following prior to electing this rider:


•	The rider has investment restrictions. Violation of the investment restrictions may result in termination of the rider.


•	Partial Surrenders and excess transfers to the Personal Pension Account will reduce the benefit proportionally, as described below.


•	You must elect an optional death benefit with the rider.

How does the rider help achieve this goal?

On the tenth Contract Anniversary from the date you buy the rider (the “Rider Maturity Date”), we will compare your Contract Value with the Guaranteed Accumulation Benefit. If the Guaranteed Accumulation Benefit is greater than your Contract Value, then we will apply a one-time adjustment to your Contract Value equal to the difference between your Contract Value and Guaranteed Accumulation Benefit. This one-time adjustment will be distributed among the various Funds and Fixed Accumulation Feature, if applicable, in which your Contract Value is then allocated, on a pro-rata basis. After this one-time adjustment, the rider will terminate. However, if your Contract Value on the Rider Maturity Date is greater than the Guaranteed Accumulation Benefit, then there will be no adjustment to your Contract Value and the rider will terminate without notice. See Safety Plus Examples 1-2 in Appendix A.

At the Rider Maturity Date, if you elect to transfer Contract Value into the Personal Pension Account, we will apply a one-time increase to the Personal Pension Account Maximum Guaranteed Payout Purchase Rate to an amount up to, but not greater than, the Guaranteed Accumulation Benefit, this increase is referred to as the ‘‘Income Enhancer’’, described below.

When can you buy the rider?

The Safety Plus rider is closed to new investors (including existing Owners). You may only buy the rider at the time you buy your Contract. The maximum age of any Contract Owner or Annuitant when buying this rider is 80. You must indentify your Spouse as the Joint Annuitant when electing this rider if electing Annuity Payout Option Eight.

The rider may not be available through all investment professionals and may be subject to additional restrictions set by your investment professional. The rider may not be available in all states. We reserve the right to withdraw the rider or any rider charge structure at any time.

Does buying the rider preclude you from buying other riders?

Yes, buying this rider precludes you from electing Future5 or Future6. As a condition to receiving rider benefits, you must also buy and maintain either the Return of Premium III or the Maximum Anniversary Value III death benefit rider.

How is the charge for the rider calculated?

The fee for the rider is based on your Guaranteed Accumulation Benefit. We will deduct the rider charge on each Contract Anniversary on a pro-rated basis from each Sub-Account and the Fixed Accumulation Feature until the Rider Maturity Date.

We may increase or decrease the rider charge on a prospective basis on each Contract Anniversary up to the maximum described in the Fee Table. We will not increase the rider charge by more than 0.50% during any Contract Year. We will provide advance notice of changes to your rider charge.

If the rider is revoked or terminated, or if there is a full Surrender from your Contract, then we will deduct a pro-rated share of the rider charge from your Contract Value based on Guaranteed Accumulation Benefit immediately prior to such termination, or full Surrender. We may also reset the rider charge upon Spousal Contract continuation or a Covered Life change.

Does your benefit base change under the rider?

Yes. Your Guaranteed Accumulation Benefit is the basis upon which we determine our guarantee obligation on the Rider Maturity Date. Your starting Guaranteed Accumulation Benefit will equal your initial Premium Payment (without deduction for sales charges, if any). Your Guaranteed Accumulation Benefit will increase, on a dollar-for-dollar basis, to reflect subsequent Premium Payments and any amounts that you transfer from the Personal Pension Account only if such Premium Payments and transfer are received before your first rider anniversary. Please refer to Safety Plus Examples 1-2 in Appendix A.

Surrenders will reduce your Guaranteed Accumulation Benefit on a proportionate basis. If your Contract Value is less than your Guaranteed Accumulation Benefit, reductions on a proportionate basis may be greater than if taken on a dollar-for-dollar basis. See Safety Plus Examples 3 and 4 in Appendix A for an illustration of this calculation.

Transfers into the Personal Pension Account that are equal to or less than the Transfer Limit will reduce your Guaranteed Accumulation Benefit on a dollar-for-dollar basis. Transfers in excess the Transfer Limit in any Contract Year will then reduce your Guaranteed Accumulation Benefit on a proportionate basis. Please refer to Safety Plus Examples 2; 3 and 4 in Appendix A for an illustration of partial Surrenders and the Transfer Limit.

You may not carry over unused transfer sums from one Contract Year to another. Your Transfer Limit may change on each Contract Anniversary and whenever you make subsequent Premium Payments, make Surrenders, transfer sums from the Personal Pension Account or make an change in the Owners of the Contract. The Maximum Anniversary Value III and the Return of Premium III death benefit riders each have their own Transfer Limit, which may be a different amount than the Transfer Limit imposed by Safety Plus. In the event of a conflict, the Transfer Limit of Safety Plus prevails. The Safety Plus Transfer Limit is equal to 5% of the Guaranteed Accumulation Benefit at each Contract Anniversary.

Your Guaranteed Accumulation Benefit can never be less than $0 or more than $5 million. Any activities that would otherwise increase your Guaranteed Accumulation Benefit above this limit will not be included for any benefits under the rider.


•	Income Enhancer

At the Rider Maturity Date, if you elect to transfer Contract Value into the Personal Pension Account under this option, we will apply an increase to the Personal Pension Account Maximum Guaranteed Payout Purchase Rate equal to 20% greater than the then current Personal Pension Account Maximum Guaranteed Payout Purchase Rate. The increased payout rate will only be applied to an amount up to, but not greater than, the Guaranteed Accumulation Benefit and must be transferred to the Personal Pension Account after the Rider Maturity Date but prior to the eleventh Contract Anniversary following the rider effective date. Please refer to Safety Plus example 2 in Appendix A.

Transferring Contract Value may proportionately reduce your Death Benefit. Please refer to “What effect do partial or full Surrenders have on your benefits under the rider?” for more information regarding excessive transfers. Please refer to the Annuity Payout section "Annuity Payout Option Eight," for important considerations regarding the configuration of contract ownership roles when selecting a joint and last survivor life annuity payout option for Personal Pension Account Payouts.

Is the rider designed to pay you withdrawal benefits for your lifetime?

No.

Is the rider designed to pay you Death Benefits?

No. However, by electing this rider you are required to elect and maintain an optional death benefit rider.

Does the rider replace the standard Death Benefit?

No.

Can you revoke the rider?

Yes. At anytime following the earlier of Spousal Contract continuation or the fifth Contract Anniversary after the rider effective date, you may elect to terminate this rider. The Contract Value will not be adjusted to equal the Guaranteed Accumulation Benefit and the rider will terminate.

What effect do Partial or Full Surrenders have on your benefits under the rider?

Please refer to “Does your benefit base change under the rider?” for the effect of partial Surrenders and transfers to and from the Personal Pension Account. You may make a full Surrender of your entire Contract at any time. However, you will receive your Contract Value with any applicable charges deducted and not the Guaranteed Accumulation Benefit.

If your Contract Value on any Contract Anniversary is ever reduced below the minimum amount as a result of investment performance, or if on any Valuation Day a partial Surrender is taken that reduces your Contract Value below the minimum amount, then your Contract Value will be liquidated and the Contract and all its riders, including this rider, shall terminate and no rider benefits shall be paid.

What happens if you change ownership?

Any Contract change before the Annuity Commencement Date which causes a change in the ownership will result in the recalculation of the benefits provided under the rider. We reserve the right to approve any ownership changes. The following are the effects of a change in ownership:


A.	If the age of the oldest Owner(s) after the ownership change is greater than the maximum issue age for this rider on the effective Valuation Day of the ownership change, we will terminate the rider.


B.	The options below apply if the age of the oldest Owner(s) after the ownership change is less than or equal to the maximum issue age of the rider at the time of the ownership change.


1.	Ownership changes within the first six months from the Contract Issue date will not cause a recalculation of the benefits or changes under the rider.


2.	Ownership changes after the first six months from the Contract Issue date will cause a recalculation of the benefits under either (a) or (b):


(a)	If the rider or a similar rider, as we determine, is not currently available for sale we will terminate the rider; or

(b)

If the rider is currently available for sale, we will continue the existing rider at the rider charge that is currently being assessed (or the last declared initial, minimum and maximum rider charge, if higher). The Guaranteed Accumulation Benefit will be recalculated to equal the lesser of the Contract Value or the then current Guaranteed Accumulation Benefit, on the effective Valuation Day of the ownership change. The Rider Maturity Date will not change.

Can your Spouse continue your rider?

Yes. The following are the effects of an ownership change if your Spouse continues the Contract under the “Spouse Beneficiary” provision of the Contract, if applicable:

If your Spouse is less than or equal to the maximum issue age for the rider at the time of the continuation, then either (a) or (b) will apply as follows:


a)	If the rider is not currently available for sale or a similar rider, as we determine, we will terminate this rider; or


b)	If the rider is currently available for sale, we will continue the rider at the rider charge that is then currently being assessed. The Guaranteed Accumulation Benefit will not change. The Rider Maturity Date will not change.

If your Spouse is greater than the maximum issue age for the rider on the effective Valuation Day of the Spousal Contract continuation, we will terminate the rider.

What happens if you annuitize your Contract?

If you elect to annuitize your Contract before the Rider Maturity Date, you will forfeit all of your rights under the rider and will not receive the Guaranteed Accumulation Benefit.

Are there restrictions on how you must invest?

Yes. You must invest your Contract Value (including future investments) within an approved asset allocation model(s) and other investment program(s) approved and designated by us. As of the date of this prospectus, you must invest in the Personal Protection Portfolio asset allocation models listed in Appendix D or you may invest 100% in the BlackRock Managed Volatility V.I. Fund. The models rebalance monthly.

We may prospectively modify, add, delete, or substitute (to the extent permitted by applicable law), the asset allocation models, investment programs, Funds, portfolio rebalancing requirements, and other investment requirements and restrictions that apply while this rider is in effect. For instance, we might amend these asset allocation models if a Fund (i) is merged into another fund, (ii) changes investment objectives, (iii) closes to further investments and/or (iv) fails to meet acceptable risk parameters. We will give you advance notice of these changes. These reservations will not be applied with respect to then existing investments. Please refer to “Other Program considerations” under the section entitled “What other ways can you invest?” in Section 4(a) for more information regarding the potential impact of fund mergers and liquidations with respect to then existing investments within an asset allocation model.

Except as provided below, failure to comply with any applicable investment requirement or restriction will result in termination of the rider. If the rider is terminated by us, for violation of applicable investment requirements or restrictions, we will assess a pro-rated share of the rider charge and will no longer assess a rider charge thereafter. Termination of the rider will not terminate any concurrent guaranteed minimum death benefit rider. In the event of a conflict between the investment requirements and restrictions of the rider and those imposed by any other guaranteed minimum death benefit rider, the investment requirements and restrictions of the rider shall prevail.

If the rider is terminated by us due to a failure to comply with these investment restrictions, you will have a one time opportunity

to reinstate the rider by reallocating your Contract Value in accordance with then prevailing investment restrictions. You will have a fifteen day reinstatement period to do this. The reinstatement period will begin upon termination of the rider. Your right to reinstate the rider will be terminated if during the reinstatement period you make a subsequent Premium Payment, take a partial Surrender, transfer Contract Value into the Personal Pension Account or change ownership. Upon reinstatement, your Guaranteed Accumulation Benefit will be reset at the lower of the Guaranteed Accumulation Benefit prior to the termination or Contract Value as of the date of reinstatement.

Investment in any asset allocation model could mitigate losses during declining market conditions but also hamper potential gains during inclining market conditions. The asset allocation models that you must invest in under either rider provide very different potential risk/reward characteristics. We are not responsible for lost investment opportunities associated with the implementation and enforcement of these investment requirements and restrictions.

The Personal Protection Portfolios and particularly, the requirement to maintain 50% of your Contract Value in the BLackRock Managed Volatility V.I. Fund with these models, or 100% in the BlackRock Managed Volatility V.I. Fund, may reduce overall Contract Value volatility and mitigate our guarantee obligations by potentially reducing investment returns that you might have received during favorable market conditions.

Are there restrictions on the amount of subsequent Premium Payments?

Can we aggregate Contracts?

Yes. For purposes of determining the Guaranteed Accumulation Benefit, we reserve the right to treat as one all deferred variable annuity contracts issued by us where you have elected any similar optional guaranteed minimum accumulation benefit rider. We will not aggregate contracts with dissimilar optional riders such as a contract with an optional guaranteed minimum accumulation benefit such as Safety Plus with a contract with a guaranteed lifetime withdrawal benefit such as Future5 or Future6.

Other information

The rider may not be appropriate for all investors. Several factors, among others, should be considered:

•

Your required participation in the Personal Protection Portfolio models end when the rider terminates. You must provide us with re-allocation instructions at that time. We will contact you and your Financial Intermediary in writing and/or via telephone to seek instructions to re-allocate your Contract Value outside of the Personal Protection Portfolio and BlackRock Managed Volatility V.I. Fund. You may independently invest in the BlackRock Managed Volatility V.I. Fund if you have Future6.


•	The benefits under the rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.


•	Annuitizing your Contract, whether voluntarily or not, will impact and possibly eliminate these benefits.


•	We may terminate the rider based on your violation of benefit rules and may otherwise withdraw the rider (or any benefits) for new sales at any time.


•	If you elect the rider, you must elect an optional guaranteed minimum death benefit such as Maximum Anniversary Value III or Return of Premium III for an additional charge. If you violate the terms of the rider, but not the terms of the optional Death Benefit rider, we will terminate this rider but you may be required to continue the Death Benefit rider at an additional charge.


•	Certain changes in ownership may result in a reduction, recalculation or forfeiture of benefits.


•	The fee for the rider may change on each Contract Anniversary regardless of changes to your Guaranteed Accumulation

Benefit.


•	Due to the anticipated impact of these investment restrictions on potential upside performance, it is important that you discuss with your investment professional whether, among other things, a traditional fixed annuity, high grade fixed income securities or a certificate of deposit might better suit your long term needs.


•	This rider is not “RMD friendly.” Electing the rider when using this contract to meet your RMD obligations may have negative consequences inasmuch as your benefits are reduced proportionally for any partial surrender. We are not responsible for violations due to your obligation to comply with RMD obligations.


•	The purchase of this rider may not be appropriate for custodial owned contracts, beneficiary or inherited IRAs or contracts owned by certain types of non-natural entities, including Charitable Trusts.


•	Safety Plus is referred to as Guaranteed Minimum Accumulation Benefit Plus Rider in your Contract.

8. Additional Information

a. Glossary

Except as provided elsewhere in this prospectus, the following capitalized terms shall have the meaning ascribed below:

Account: Any of the Sub-Accounts or the Fixed Accumulation Feature.

Accumulation Balance: The sum of all Personal Pension Account Contributions increased by credited interest; minus any transfers into any other Account(s) and any conversion into Annuity Payout Value.

Accumulation Units: If you allocate your Premium Payment to any of the Sub-Accounts, we will convert Premium Payments into Accumulation Units in the selected Sub-Accounts. Accumulation Units are valued at the end of each Valuation Day and are used to calculate Contract Value prior to Annuitization.

Accumulation Unit Value: The daily price of Accumulation Units on any Valuation Day.

Administrative Office: Our overnight mailing address is: Talcott Resolution - Annuity Service Operations, 1338 Indian Mound Drive, Mt. Sterling, KY 40353. Our standard mailing address is Talcott Resolution - Annuity Service Operations, PO Box 14293, Lexington, KY 40512-4293.

Annual Maintenance Fee: An annual charge deducted on a Contract Anniversary or upon full Surrender.

Annual Payment Base Cap: The maximum percentage the Payment Base may be increased annually due to a Market Increase or a Deferral Bonus under Future6 or Future5.

Annual Withdrawal Amount: The amount you may Surrender each Contract Year without incurring a CDSC.

Annuitant: The person on whose life the Contract is issued. Except as otherwise provided, the Annuitant may not be changed after your Contract is issued.

Annuity Calculation Date: The date we calculate the first Annuity Payout.

Annuity Commencement Date: The first day of the first period for which a distribution is received as an Annuity Payout under the Contract, excluding any Personal Pension Account Payout pursuant to the Personal Pension Account.

Annuity Payout: The money we pay out after the Annuity Commencement Date for the duration and frequency you select. Annuity Payout also refers to Personal Pension Account Payouts.

Annuity Payout Option: Any of the options available for payout after the Annuity Commencement Date, the death of the Contract Owner or Annuitant; or annuitization(s) of Benefit Balance.

Annuity Payout Value: The portion of your Benefit Balance converted into Personal Pension Account Payouts, as reduced by future Personal Pension Account Payouts.

Annuity Unit: The unit of measure we use to calculate the value of your Annuity Payouts under a variable dollar amount Annuity Payout Option.

Annuity Unit Value: The daily price of Annuity Units on any Valuation Day.

Beneficiary: The person(s) entitled to receive benefits pursuant to the terms of the Contract upon the death of any Contract Owner or Annuitant, as the case may be.

Benefit Balance: Personal Pension Account Contributions, as adjusted for transfers to or from Contract Value, credited interest and/or annuitization. Benefit Balance includes Annuity Payout Value, if any.

Code: The Internal Revenue Code of 1986, as amended.

Commuted Value: The present value of any Annuity Payout due and payable during the Guaranteed Payout Duration. This amount is calculated using the Assumed Investment Return for variable dollar amount Annuity Payouts and the applicable discount rate determined by us for applicable fixed dollar amount Annuity Payouts.

Contingent Annuitant: The person you may designate to become the Annuitant if the original Annuitant dies before the Annuity Commencement Date. You must name a Contingent Annuitant before the original Annuitant’s death.

Contingent Deferred Sales Charge: The deferred sales charge, if applicable, that may apply when you make a full or partial Surrender or take money out of your Contract in the form of a commutation of Annuity Payout Value or certain annuity payout options.

Contract: The individual Annuity Contract and any endorsements or riders. Group participants and some individuals may receive a certificate rather than a Contract.

Contract Anniversary: The anniversary of the date we issued your Contract. If the Contract Anniversary falls on a Non-Valuation Day, then the Contract Anniversary will be the next Valuation Day.

Contract Owner, Owner or you: The owner or holder of the Contract described in this prospectus including any joint Owner(s). We do not capitalize “you” in the prospectus.

Contract Value: The total value of the Account on any Valuation Day.

Contract Year: Any 12 month period between Contract Anniversaries, beginning with the date the Contract was issued.

Covered Life: The governing life or lives used for determining the lifetime withdrawal feature under Future5 and Future6

guaranteed minimum withdrawal benefit riders.

Deferral Bonus: The amount added to your Payment Base on each Contract Anniversary while the Deferral Bonus Period is in effect if a Market Increase does not occur on such Contract Anniversary.

Deferral Bonus Period: The Deferral Bonus Period commences on the date that either Future5 or Future6 has been added to your Contract and Deferral Bonus Period ends when the first of the following events occur: (a) tenth Contract Anniversary from the date that either Future5 or Future6 has been added to your Contract, (b) the Valuation Day that you take your first partial Surrender (including your first Lifetime Benefit Payment or Threshold Payment); or (c) the Valuation Day that you first transfer any Contract Value to the Personal Pension Account in excess of the applicable Transfer Limit. Once the Deferral Bonus Period ends, it cannot be re-started.

Death Benefit: Except as otherwise provided, the amount payable if the Contract Owner, joint Contract Owner or the Annuitant dies before the Annuity Commencement Date. Where applicable, your Death Benefit includes the standard or optional Death Benefit plus the Personal Pension Account Death Benefit.

Deposit: The sum of all Premium Payments and Personal Pension Account Contributions.

Dollar Cost Averaging: A program that allows you to systematically make transfers between Funds and into the Personal Pension Account.

Fixed Accumulation Feature: Part of our General Account, where you were able to allocate all or a portion of your Contract Value. In your Contract, the Fixed Accumulation Feature may be called the Fixed Account. Not all classes of Contracts we offered contain a Fixed Accumulation Feature. Effective October 4, 2013, we no longer accept new allocations or Premium Payments to the Fixed Accumulation Feature.

Fund: A registered investment company or a series thereof in which assets of a Sub-Account may be invested. We sometimes call the Funds you select a “Sub-Account”.

General Account: The General Account includes our Company assets, including any money you may have invested in the Fixed Accumulation Feature, if available, and the Personal Pension Account.

Guarantee Window: The seven year time period during which we guarantee Personal Pension Account Payouts. You set your Guarantee Window by selecting your Target Income Age (when you make your first Personal Pension Account Contribution). Your Guarantee Window is three years before and after your Target Income Age.

Guaranteed Accumulation Benefit: The amount used to determined the Safety Plus Transfer Limit, the rider charge and the guaranteed amount payable at the Rider Maturity Date.

Guaranteed Payout Duration: The time period (sometimes referred to as a “Period Certain”) specified in Annuity Payout Options Three, Five and Six; and with respect to Annuity Payout Options Two and Eight, the time period equal to the applicable Annuity Payout Value divided by the corresponding Personal Pension Account Payout, rounded down.

Joint Annuitant: The person on whose life Annuity Payouts are based if the Annuitant dies after Annuitization. You may name a Joint Annuitant only if your Annuity Payout Option provides for a survivor. The Joint Annuitant may not be changed.

Lifetime Benefit Payment: The maximum guaranteed amount that can be withdrawn each year under Future5 and Future6.

Lifetime Income Eligibility Date: The Contract Anniversary following the relevant Covered Life’s attaining the age of 59½ or such age we specify within your Contract.

Market Increases: A potential increase to your Payment Base equal to your then current Contract Value prior to the deduction of rider charges based on market performance subject to the applicable Annual Payment Base Cap, if any.

Maximum Anniversary Value: The highest Contract Value as of each Contract Anniversary prior to the date of death of the oldest Owner or the Annuitant’s 81st birthday, whichever first occurs, adjusted for any Premium Payments, or transfers to or from the Personal Pension Account and partial Surrenders occurring after such Contract Anniversary.

Net Investment Factor: This is used to measure the investment performance of a Sub-Account from one Valuation Day to the next, and is also used to calculate your Annuity Payout amount.

1933 Act: The Securities Act of 1933, as amended.

1934 Act: The Securities Exchange Act of 1934, as amended.

1940 Act: The Investment Company Act of 1940, as amended.

Non-Valuation Day: Any day the New York Stock Exchange is not open for trading.

Payee: The person or party you designate to receive Annuity Payouts.

Payment Base: The amount used to determine the Lifetime Benefit Payments, Threshold Payments, Transfer Limit and rider charge under Future5 or Future6.

Personal Pension Account Contributions: Sums allocated to the Personal Pension Account. Personal Pension Account Contributions may take the form of Deposits or transfers of Contract Value from Sub-Accounts or the Fixed Accumulation Feature (if applicable).

Personal Pension Account Payouts: Regularly scheduled periodic payments of Annuity Payout Value.

Premium or Premium Payment: Money sent to us to be invested in your Contract (not taking into consideration any applicable sales charges). Unless otherwise specified, a Premium Payment does not include Personal Pension Account Contributions. Portions of your Benefit Balance transferred to Sub-Accounts and/or the Fixed Accumulation Feature are considered to be Premium Payments that become part of your Contract Value.

Required Minimum Distribution: A federal requirement that individuals age 70½ and older must take a distribution from their tax-qualified retirement account by December 31, each year. For employer sponsored qualified Contracts, the individual must generally begin taking distributions at the age of 70½ or upon retirement, whichever comes later.

Remaining Gross Premium: Premium Payments minus prior partial Surrenders in excess of the AWA at the time of such partial Surrender.

Spouse: A person related to a Contract Owner by marriage pursuant to the Code.

Sub-Account: A division of the Separate Account containing shares of a Fund. There is a Sub-Account for each Fund. We sometimes call the Funds you select your “Sub-Account”.

Sub-Account Value: The value of each Sub-Account on or before the Annuity Calculation Date, which is determined on any day by multiplying the number of Accumulation Units by the Accumulation Unit Value for each Sub-Account.

Surrender: A complete or partial withdrawal from your Contract. For the purposes of optional riders only, a Surrender may also include a transfer of Contract Value to Benefit Balance.

Surrender Value: The amount we pay you if you terminate your Contract before the Annuity Commencement Date. The Surrender Value is equal to the Contract Value minus any applicable charges (subject to rounding). Surrender Value does not include the Commuted Value of your Personal Pension Account.

Target Income Age: The year that commences with the birthday of the oldest Annuitant during which Personal Pension Account Payouts are expected to begin. Target Income Age establishes your Guarantee Window during which a guaranteed payout rate will be applied to your Accumulation Balance.

Threshold Payments: The amount payable in the form of partial Surrenders under Future5 or Future6 taken prior to the relevant Covered Life’s Lifetime Income Eligibility Date.

Total Balance: The sum of your Contract Value and Benefit Balance.

Transfer Limit: The threshold amount that you may partially Surrender or move within the Contract without causing your rider benefits to be reduced on a proportionate basis. The Transfer Limit varies by rider.

Valuation Day: Every day the New York Stock Exchange is open for trading. Values of the Separate Account are determined as of the close of the New York Stock Exchange. The Exchange generally closes at 4:00 p.m. Eastern Time but may close earlier on certain days and as conditions warrant.

Valuation Period: The time span between the close of trading on the New York Stock Exchange from one Valuation Day to the next.

We, us or our: Talcott Resolution Life Insurance Company.

Withdrawal Percentage: The percentage of your Payment Base that you may withdraw each Contract Year in the form of a Lifetime Benefit Payment.

You: The Owner including any joint Owner(s). We do not capitalize “you” or “your” in this prospectus.

b. State Variations

The following section describes modifications to this prospectus required by one or more state insurance departments as of the date of this prospectus. Unless otherwise noted, variations apply to all forms of Contracts we issue. References to certain state’s variations do not imply that we actually offer Contracts in each such state. These variations are subject to change without notice and additional variations may be imposed as specific states approve new riders.

Alabama — The Fixed Accumulation Feature is not available.

California — If you are 60 years old or older you must either elect the Senior Protection Program, or elect to immediately allocate the initial Premium Payments to the other investment options. Under the Senior Protection Program, we will allocate your initial Premium Payment to a money market Fund for the first 35 days your initial Premium Payment is invested. After the 35th day we will automatically allocate your Contract Value according to your most current investment instructions. If you elect the Senior Protection Program you will not be able to participate in any InvestEase (if otherwise available) or Dollar Cost Averaging Program until after the Program has terminated. The Dollar Cost Averaging Plus, the Static Asset Allocation Models and certain Automatic Income Programs are not available if you elect the Senior Protection Program. Under the Senior Protection Program any subsequent Premium Payment received during the 35 days after the initial Premium Payment is invested will also be invested in a money market Fund unless you direct otherwise. You may voluntarily terminate your participation in the Senior Protection Program by contacting us in writing or by telephone. You will automatically terminate your participation in the Senior Protection Program if you allocate a subsequent Premium Payment to any other investment option or transfer Contract Value from a money market Fund to another investment option. When you terminate your participation in the Senior Protection Program you may reallocate your Contract Value in the Program to other investment options; or we will automatically reallocate

your Contract Value in the Program according to your original instructions 35 days after your initial Premium Payment was invested. SIMPLE IRA owners may not purchase a Contract. The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%. The assignment restrictions on the living benefits and Death Benefits do not apply.

Connecticut, Florida, Illinois, New Jersey and Texas — The limit on Living Benefits and Death Benefits imposed when contracts are aggregated does not apply.

Connecticut and New Jersey — Our approval is required for any subsequent Contribution or transfer resulting in cumulative Contributions and transfers into the Personal Pension Account exceeding $50,000.

Connecticut - The assignment restrictions on the living benefits and Death Benefits do not apply.

Florida — If you are age 65 or older on the contract issue date, CDSCs will be capped at 10% of the amount withdrawn. The cap does not apply to accredited investors.

Massachusetts — We will accept subsequent Premium Payments only until the Annuitant’s 63rd birthday or the third Contract Anniversary, whichever is later. The Nursing Home Waiver is not available. The Fixed Accumulation Feature investment restrictions do not apply to investors.

Minnesota — The CDSC is 7%, 7%, 6%, 6%, 5%, 4%, 3%, 0% for years 1-8.

New Jersey — The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%. The Nursing Home Waiver is not available.

New York — The Personal Pension Account and Safety Plus rider are not available. The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%. The Nursing Home Waiver is not available. The assignment restrictions on the living benefits and death benefits do not apply. For Contracts issued in New York, the minimum monthly Annuity Payout is $20.

Oklahoma — The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%.

Pennsylvania — The Nursing Home Waiver minimum confinement period is changed from 180 days to 90 days. You may not choose a fixed dollar amount Annuity Payout. Annuity Payout Option Two is not available.

Texas — The assignment restrictions on the living benefits and death benefits do not apply. SIMPLE IRA owners may not purchase a Contract. The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%.

Washington — In any year when no Premium Payment is paid into the Fixed Accumulation Feature, any pro-rata portion of the fee taken from the Fixed Accumulation Feature will be limited to interest earned in excess of the 3% for that year. The Target Income Age is subject to limitations based on the Annuitant’s age as of the date of the first Contribution.

c. Miscellaneous

Ownership Changes — Except as prohibited by state law, we reserve the right to approve all ownership changes, including any assignment of your Contract (or any benefits) to others or the pledging of your Contract as collateral. Certain approved changes in ownership may cause a re-calculation of the benefits subject to applicable state law. Generally, we will not re-calculate the benefits under your Contract so long as the change in ownership does not affect the Owner and does not result in a change in the tax identification number under the Contract. You may not change the named Annuitant. However, if the Annuitant is still living, the Contingent Annuitant may be changed at any time prior to the Annuity Commencement Date by sending us written notice.

Assignment — A non-qualified Contract may be assigned subject to the ownership change restrictions above. We must be properly notified in writing of an assignment. Any Annuity Payouts or Surrenders requested or scheduled before we record an assignment will be made according to the instructions we have on record. We are not responsible for determining the validity of an assignment. Assigning a non-qualified Contract may require the payment of income taxes and certain penalty taxes. A qualified Contract may not be transferred or otherwise assigned (whether directly or used as collateral for a loan), unless allowed by applicable law and approved by us in writing. We can withhold our consent for any reason. We are not obligated to process any request for approval within any particular time frame. Please consult a qualified tax adviser before assigning your Contract.

Speculative Investing — Do not purchase this contract if you plan to use it, or any of its riders, for speculation, arbitrage, viatication or any other type of collective investment scheme. Your Contract may not be traded on any stock exchange or secondary market. When you purchased this Contract you represented and warranted that you would not use this Contract, or any of its riders, for speculation, arbitrage, viatication or any other type of collective investment scheme.

Contract Modification — We may unilaterally modify the Contract to reflect, among other things, changes in applicable tax law or interpretations of tax law, but no modification will affect the amount or term of any Contract unless a modification is required to conform the Contract to applicable federal or state law. No modification will affect the method by which Contract Values are determined. Any modifications to the Contract will be filed with each state in which the Contract is for sale. Contract changes

will be communicated to Owners through regular mail as an endorsement to their Contract.

Medicaid Benefits — Medicaid estate planning may be important to people who are concerned about long term care costs. Benefits associated with this variable annuity may have an impact on your Medicaid eligibility and the assets considered for Medicaid benefits. Ownership interests or beneficiary status under this variable annuity could render you or your loved ones ineligible for Medicaid. This may be particularly troubling if your Spouse or Beneficiary is already receiving Medicaid benefits at the time of transfer or receipt of Death Benefits. As certain ownership changes are either impermissible or are subject to benefit resetting rules, you may want to carefully consider how you structure the ownership and beneficiary status of your Contract. This discussion is intended to provide a very general overview and does not constitute legal advice or in any way suggest that you circumvent these rules. You should seek advice from a competent elder law attorney to make informed decisions about how this variable annuity may affect your plans.

d. Legal Proceedings

There continues to be significant federal and state regulatory activity relating to financial services companies. Like other insurance companies, we are involved in lawsuits, arbitrations, and regulatory/legal proceedings. Certain of the lawsuits and legal actions the Company is involved in assert claims for substantial amounts. While it is not possible to predict with certainty the ultimate outcome of any pending or future case, legal proceeding or regulatory action, we do not expect the ultimate result of any of these actions to result in a material adverse effect on the Company or its Separate Accounts. Nonetheless, given the large or indeterminate amounts sought in certain of these actions, and the inherent unpredictability of litigation, an adverse outcome in certain matters could, from time to time, have a material adverse effect on the Company’s results of operations or cash flows in particular quarterly or annual periods.

e. How Contracts Were Sold

We have entered into a distribution agreement with our affiliate Talcott Resolution Distribution Company, Inc. ("TDC") under which TDC serves as the principal underwriter for the Contracts. TDC is registered with the Securities and Exchange Commission under the 1934 Act as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA). The principal business address of TDC is the same as ours.

TDC has entered into selling agreements with affiliated and unaffiliated broker-dealers, and financial institutions (“Financial Intermediaries”) for the sale of the Contracts. We pay compensation to TDC for sales of the Contracts by Financial Intermediaries. TDC, in its role as principal underwriter, did not retain any underwriting commissions for the fiscal year ended December 31, 2017. Contracts were sold by individuals who were appointed by us as insurance agents and who were investment professionals of Financial Intermediaries.

Contracts may have been sold directly to the following individuals free of any commission: 1) our current or retired officers, directors, trustees and employees (and their families) and our corporate parent; and 2) employees and Investment Professional of Financial Intermediaries. If applicable, we may have credited the Contract with a credit of 5.0% of the initial Deposit and each subsequent Deposit, if any. This additional percentage of Deposit in no way affects current or future charges, rights, benefits or account values of other Owners.

This prospectus does not constitute personalized investment or financial planning advice or a recommendation to purchase this or any other variable annuity. We reserve the right to modify, suspend, or terminate these privileges at any time.

We list below types of arrangements that helped to incentivize sales people to sell our suite of variable annuities. Not all arrangements necessarily affected each variable annuity. These types of arrangements could be viewed as creating conflicts of interest.

Financial Intermediaries receive commissions (described below under “Commissions”). Certain selected Financial Intermediaries also receive additional compensation (described below under “Additional Payments”). All or a portion of the payments we make to Financial Intermediaries may be passed on to Investment Professionals according to a Financial Intermediaries’ internal compensation practices.

Affiliated broker-dealers also employed individuals called “wholesalers” in the sales process. Wholesalers typically receive commissions based on the type of Contract or optional benefits sold. Commissions are based on a specified amount of Deposits or Total Balance.


•	Commissions

Up front commissions paid to Financial Intermediaries generally range from 0% to up to 7% of each Deposit. Trail commissions (fees paid for customers that maintain their Contracts generally for more than 1 year) range up to 1% of your Total Balance. We pay no additional commissions with respect to assets moved from the Personal Pension Account to Sub-Accounts or the Fixed Accumulation Feature. We pay different commissions based on the Contract variation. We may pay a lower commission for sales to Owners over age 80.

Commission arrangements vary from one Financial Intermediary to another. We are not involved in determining your Investment Professional’s compensation. Under certain circumstances, your Investment Professional may be required to return all or a portion of the commissions paid.

Check with your Investment Professional to verify whether your account is a brokerage or an advisory account. Your interests may differ from ours and your Investment Professional (or the Financial Intermediary with which they are associated). Please ask questions to make sure you understand your rights and any potential conflicts of interest. If you are an advisory client, your Investment Professional (or the Financial Intermediary with which they are associated) can be paid both by you and by us based on what you buy. Therefore, profits, and your Investment Professional’s (or their Financial Intermediary’s) compensation, may vary by product and over time. Contact an appropriate person at your Financial Intermediary with whom you can discuss these differences.


•	Additional Payments

Subject to FINRA, Financial Intermediary and insurance rules, we also pay the following types of fees to among other things encourage the sale of this Contract and/or to provide inforce Contract Owner support. These additional payments could create an incentive for your investment professional, and the Financial Intermediary with which they are associated, to recommend products that pay them more than others, which may not necessarily be to your benefit. In addition, some Financial Intermediaries may make a profit from fees received for inforce Contract Owner support.



Additional Payment Type	What it’s used for
Access	Access to investment professionals and/or Financial Intermediaries such as one-on-one wholesaler visits or attendance at national sales meetings or similar events.
Gifts & Entertainment	Occasional meals and entertainment, tickets to sporting events and other gifts.
Marketing	Joint marketing campaigns and/or Financial Intermediary event advertising/participation; sponsorship of Financial Intermediary sales contests and/or promotions in which participants (including investment professionals) receive prizes such as travel awards, merchandise and recognition; client generation expenses.
Marketing Expense Allowance	Pay Fund related parties for wholesaler support, training and marketing activities for certain Funds.
Inforce Contract Owner Support	Support through such things as providing hardware and software, operational and systems integration, links to our website from a Financial Intermediary’s websites; shareholder services.
Training	Educational (due diligence), sales or training seminars, conferences and programs, sales and service desk training.
Volume	Pay for the overall volume of their sales or the amount of money investing in our products.

As of December 31, 2017, we have entered into ongoing contractual arrangements to make Additional Payments to the following Financial Intermediaries for our entire suite of variable annuities:

AIG Advisors Group, Inc., (FSC Securities Corporation, Royal Alliance Assoc., Inc., Sagepoint Financial), Cambridge Investment Research Inc., Cetera Financial Group (Cetera Financial Specialists, LLC, Cetera Investment Services, LLC, Cetera Advisors, LLC, Cetera Advisor Networks, LLC), CCO Investment Services Corp., Citigroup Global Markets, Inc., Commonwealth Financial Network, Crown Capital Securities, LLP, Edward D. Jones & Co., LLP, First Allied Securities, Inc., First Tennessee Brokerage Inc., H.D. Vest Investment Services, Huntington Investment Company, ING Financial Partners, Investacorp, Inc., LPL Financial Corporation, Merrill Lynch Pierce Fenner & Smith, Morgan Stanley Smith Barney, LLC, (various divisions and affiliates), Raymond James & Associates, Inc., Raymond James Financial Services, Robert W. Baird & Co. Inc., Securities America, Inc., UBS Financial Services, Inc., Wells Fargo Advisors LLC (various divisions), Woodbury Financial Services, Inc.

Inclusion on this list does not imply that these sums necessarily constitute “special cash compensation” as defined by FINRA Conduct Rule 2830(l)(4). We will endeavor to update this listing annually and interim arrangements may not be reflected. We assume no duty to notify any investor whether their investment professional is or should be included in any such listing.

As of December 31, 2017, we have entered into arrangements to pay Marketing Expense Allowances to the following Fund Companies (or affiliated parties) for our entire suite of variable annuities: American Funds Distributors & Capital Research and Management Company & Oppenheimer Variable Account Funds & Oppenheimer Funds Distributor, Inc. Marketing Expense Allowances may vary based on the form of Contract sold and the age of the purchaser. We will endeavor to update this listing annually and interim arrangements may not be reflected. We assume no duty to notify you whether any Financial Intermediary is or should be included in any such listing. You are encouraged to review the prospectus for each Fund for any other compensation arrangements pertaining to the distribution of Fund shares.

For the fiscal year ended December 31, 2017, Additional Payments did not in the aggregate exceed approximately $15.6 million (excluding corporate-sponsorship related perquisites and Marketing Expense Allowances) or approximately 0.04% of average total individual variable annuity assets. Marketing Expense Allowances for this period did not exceed $18,500.

Table of Contents to Statement of Additional Information

General Information

Safekeeping of Assets

Experts

Non-Participating

Misstatement of Age or Sex

Principal Underwriter

Operational Risks

Performance Related Information

Total Return for all Sub-Accounts

Yield for Sub-Accounts

Money Market Sub-Accounts

Additional Materials

Performance Comparisons

Financial Statements

APP TAX-1

Appendix Tax

Federal Tax Considerations

A. Introduction

The following summary of tax rules does not provide or constitute any tax advice. It provides only a general discussion of certain of the expected federal income tax consequences with respect to amounts contributed to, invested in or received from a Contract, based on our understanding of the existing provisions of the Internal Revenue Code (“Code”), Treasury Regulations thereunder, and public interpretations thereof by the IRS (e.g., Revenue Rulings, Revenue Procedures or Notices) or by published court decisions. This summary discusses only certain federal income tax consequences to United States Persons, and does not discuss state, local or foreign tax consequences.

The term United States Persons means citizens or residents of the United States, domestic corporations, domestic partnerships, trust or estates that are subject to United States federal income tax, regardless of the source of their income. See "Nonresident Aliens and Foreign Entities" below regarding annuity purchases by, or payments to, non-U.S. persons. Pursuant to IRS Circular 230, you are hereby notified of the following: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance products. You should seek advice based on your particular circumstances from an independent tax advisor. This prospectus is not intended to provide tax, accounting or legal advice. Please consult with your tax accountant or attorney prior to finalizing or implementing any tax or legal strategy or for any tax, accounting or legal advice concerning your situation.

This summary has been prepared by us after consultation with tax counsel, but no opinion of tax counsel has been obtained. We do not make any guarantee or representation regarding any tax status (e.g., federal, state, local or foreign) of any Contract or any transaction involving a Contract. In addition, there is always a possibility that the tax treatment of an annuity contract could change by legislation or other means (such as regulations, rulings or judicial decisions). Moreover, it is always possible that any such change in tax treatment could be made retroactive (that is, made effective prior to the date of the change). Accordingly, you should consult a qualified tax adviser for complete information and advice before purchasing a Contract.

In addition, although this discussion addresses certain tax consequences if you use the Contract in various arrangements, including Charitable Remainder Trusts, tax-qualified retirement arrangements, deferred compensation plans, split-dollar insurance arrangements, or other employee benefit arrangements, this discussion is not exhaustive. The tax consequences of any such arrangement may vary depending on the particular facts and circumstances of each individual arrangement and whether the arrangement satisfies certain tax qualification or classification requirements. In addition, the tax rules affecting such an arrangement may have changed recently, e.g., by legislation or regulations that affect compensatory or employee benefit arrangements. Therefore, if you are contemplating the use of a Contract in any arrangement the value of which to you depends in part on its tax consequences, you should consult a qualified tax adviser regarding the tax treatment of the proposed arrangement and of any Contract used in it.

As used in the following sections addressing “Federal Tax Considerations,” the term “spouse” means the person to whom you are legally married, as determined under federal tax law. This may include opposite or same-sex spouses, but does not include those in domestic partnerships or civil unions which are not recognized as married for federal tax purposes. You are encouraged to consult with an accountant, lawyer or other qualified tax advisor about your own situation. Although some sections below discuss certain tax considerations in connection with contract loans, this is provided as general information only. Please refer to your contract to determine if your contract contains a loan provision.

The federal, as well as state and local, tax laws and regulations require the Company to report certain transactions with respect to your contract (such as an exchange of or a distribution from the contract) to the Internal Revenue Service and state and local tax authorities, and generally to provide you with a copy of what was reported. This copy is not intended to supplant your own records. It is your responsibility to ensure that what you report to the Internal Revenue Service and other relevant taxing authorities on your income tax returns is accurate based on your books and records. You should review whatever is reported to the taxing authorities by the Company against your own records, and in consultation with your own tax advisor, and should notify the Company if you find any discrepancies in case corrections have to be made.

THE DISCUSSION SET FORTH BELOW IS INCLUDED FOR GENERAL PURPOSES ONLY. SPECIAL TAX RULES MAY APPLY WITH RESPECT TO CERTAIN SITUATIONS THAT ARE NOT DISCUSSED HEREIN. EACH POTENTIAL PURCHASER OF A CONTRACT IS ADVISED TO CONSULT WITH A QUALIFIED TAX ADVISER AS TO THE CONSEQUENCES OF ANY AMOUNTS INVESTED IN A CONTRACT UNDER APPLICABLE FEDERAL, STATE, LOCAL OR FOREIGN TAX LAW.

B. Taxation of the Company and the Separate Account

The Separate Account is taxed as part of the Company which is taxed as a life insurance company under Subchapter L of Chapter 1 of the Code. Accordingly, the Separate Account will not be taxed as a “regulated investment company” under Subchapter M of Chapter 1 of the Code. Investment income and any realized capital gains on assets of the Separate Account

APP TAX-2

are reinvested and taken into account in determining the value of the Accumulation and Annuity Units. As a result, such investment income and realized capital gains are automatically applied to increase reserves under the Contract.

Currently, no taxes are due on interest, dividends and short-term or long-term capital gain earned by the Separate Account with respect to the Contracts. The Company is entitled to certain tax benefits related to the investment of company assets, including assets of the Separate Account. These tax benefits, which may include the foreign tax credit and the corporate dividends received deduction, are not passed back to you since the Company is the owner of the assets from which the tax benefits are derived.

C. Taxation of Annuities — General Provisions Affecting Contracts Not Held in Tax-Qualified Retirement Plans

Section 72 of the Code governs the taxation of annuities in general.

1. Non-Natural Persons as Owners

Pursuant to Code Section 72(u), an annuity contract held by a taxpayer other than a natural person generally is not treated as an annuity contract under the Code. Instead, such a non-natural Contract Owner generally could be required to include in gross income currently for each taxable year the excess of (a) the sum of the Contract Value as of the close of the taxable year and all previous distributions under the Contract over (b) the sum of net premiums paid for the taxable year and any prior taxable year and the amount includable in gross income for any prior taxable year with respect to the Contract under Section 72(u). However, Section 72(u) does not apply to:


•	A contract the nominal owner of which is a non-natural person but the beneficial owner of which is a natural person (e.g., where the non-natural owner holds the contract as an agent for the natural person),


•	A contract acquired by the estate of a decedent by reason of such decedent’s death,


•	Certain contracts acquired with respect to tax-qualified retirement arrangements,


•	Certain contracts held in structured settlement arrangements that may qualify under Code Section 130, or


•	A single premium immediate annuity contract under Code Section 72(u)(4), which provides for substantially equal periodic payments and an annuity starting date that is no later than 1 year from the date of the contract’s purchase.

A non-natural Contract Owner that is a tax-exempt entity for federal tax purposes (e.g., a tax-qualified retirement trust or a Charitable Remainder Trust) generally would not be subject to federal income tax as a result of such current gross income under Code Section 72(u).

However, such a tax-exempt entity, or any annuity contract that it holds, may need to satisfy certain tax requirements in order to maintain its qualification for such favorable tax treatment. See, e.g., IRS Tech. Adv. Memo. 9825001 for certain Charitable Remainder Trusts.

Pursuant to Code Section 72(s), if the Contract Owner is a non-natural person, the primary annuitant is treated as the “holder” in applying the required distribution rules described below. These rules require that certain distributions be made upon the death of a “holder.” In addition, for a non-natural owner, a change in the primary annuitant is treated as the death of the “holder.” However, the provisions of Code Section 72(s) do not apply to certain contracts held in tax-qualified retirement arrangements or structured settlement arrangements.

For tax years beginning after December 31, 2012, estates and trusts with gross income from annuities may be subject to an additional tax (Unearned Income Medicare Contribution) of 3.8%, depending upon the amount of the estate’s or trust’s adjusted gross income for the taxable year.

2. Other Contract Owners (Natural Persons).

A Contract Owner is not taxed on increases in the value of the Contract until an amount is received or deemed received, e.g., in the form of a lump sum payment (full or partial value of a Contract) or as Annuity payments under the settlement option elected.

The provisions of Section 72 of the Code concerning distributions are summarized briefly below. Also summarized are special rules affecting distributions from Contracts obtained in a tax-free exchange for other annuity contracts or life insurance contracts which were purchased prior to August 14, 1982. For tax years beginning after December 31, 2012, individuals with gross income from annuities may be subject to an additional tax (Unearned Income Medicare Contribution) of 3.8%, depending upon the amount of the individual’s modified adjusted gross income for the taxable year.

a. Amounts Received as an Annuity

Contract payments made periodically at regular intervals over a period of more than one full year, such that the total amount payable is determinable from the start (“amounts received as an annuity”) are includable in gross income to the extent the payments exceed the amount determined by the application of the ratio of the allocable “investment in the contract” to the total amount of the payments to be made after the start of the payments (the “exclusion ratio”) under Section 72 of the Code. Total premium payments less amounts received which were not includable in gross income equal the “investment in the contract.” The start of the payments may be the Annuity Commencement Date, or may be an annuity starting date assigned should any portion less than the full Contract be converted to periodic payments from the Contract (Annuity Payouts).

APP TAX-3


i.	When the total of amounts excluded from income by application of the exclusion ratio is equal to the allocated investment in the contract for the Annuity Payout, any additional payments (including surrenders) will be entirely includable in gross income.

ii.

To the extent that the value of the Contract (ignoring any surrender charges except on a full surrender) exceeds the “investment in the contract,” such excess constitutes the “income on the contract”. It is unclear what value should be used in determining the “income on the contract.” We believe that the “income on the contract” does not include some measure of the value of certain future cash-value type benefits, but the IRS could take a contrary position and include such value in determining the “income on the contract”.

iii.

Under Section 72(a)(2) of the Code, if any amount is received as an annuity (i.e., as one of a series of periodic payments at regular intervals over more than one full year) for a period of 10 or more years, or during one or more lives, under any portion of an annuity, endowment, or life insurance contract, then that portion of the contract shall be treated as a separate contract with its own annuity starting date (otherwise referred to as a partial annuitization of the contract). This assigned annuity starting date for the new separate contract can be different from the original Annuity Commencement Date for the Contract. Also, for purposes of applying the exclusion ratio for the amounts received under the partial annuitization, the investment in the contract before receiving any such amounts shall be allocated pro rata between the portion of the Contract from which such amounts are received as an annuity and the portion of the Contract from which amounts are not received as an annuity. These provisions apply to payments received in taxable years beginning after December 31, 2010.

We believe that Personal Pension Account Payouts are partial annuitizations of the Contract, and that an equitable allocation of the investment in the contract would be in proportion to the estimated fair market values of the portions of the Contract.

When annuitization of the Personal Pension Account has occurred, your Benefit Balance will be calculated by using an actuarial present value formula.

b. Amounts Not Received as an Annuity


i.	To the extent that the “cash value” of the Contract (ignoring any surrender charges except on a full surrender) exceeds the “investment in the contract,” such excess constitutes the “income on the contract.”

ii.

Any amount received or deemed received prior to the Annuity Commencement Date (e.g., upon a withdrawal or partial surrender), which is non-periodic and not part of a partial annuitization, is deemed to come first from any such “income on the contract” and then from “investment in the contract,” and for these purposes such “income on the contract” is computed by reference to the aggregation rule described in subparagraph 2.c. below. As a result, any such amount received or deemed received (1) shall be includable in gross income to the extent that such amount does not exceed any such “income on the contract,” and (2) shall not be includable in gross income to the extent that such amount does exceed any such “income on the contract.” If at the time that any amount is received or deemed received there is no “income on the contract” (e.g., because the gross value of the Contract does not exceed the “investment in the contract,” and no aggregation rule applies), then such amount received or deemed received will not be includable in gross income, and will simply reduce the “investment in the contract.”

iii.

Generally, non-periodic amounts received or deemed received after the Annuity Commencement Date (or after the assigned annuity starting date for a partial annuitization) are not entitled to any exclusion ratio and shall be fully includable in gross income. However, upon a full surrender after such date, only the excess of the amount received (after any surrender charge) over the remaining “investment in the contract” shall be includable in gross income (except to the extent that the aggregation rule referred to in the next subparagraph 2.c. may apply).


iv.	The receipt of any amount as a loan under the Contract or the assignment or pledge of any portion of the value of the Contract shall be treated as an amount received for purposes of this subparagraph 2.b. and the previous subparagraph 2.a.


v.	In general, the transfer of the Contract, without full and adequate consideration, will be treated as an amount received for purposes of this subparagraph 2.b. and the previous subparagraph 2.a. This transfer rule does not apply, however, to certain transfers of property between Spouses or incident to divorce.


vi.	In general, any amount actually received under the Contract as a Death Benefit, including an optional Death Benefit, if any, will be treated as an amount received for purposes of this subparagraph 2.b. and the previous subparagraph 2.

c. Aggregation of Two or More Annuity Contracts.

Contracts issued after October 21, 1988 by the same insurer (or affiliated insurer) to the same owner within the same calendar year (other than certain contracts held in connection with tax-qualified retirement arrangements) will be aggregated and treated as one annuity contract for the purpose of determining the taxation of distributions prior to the Annuity Commencement Date.

APP TAX-4

An annuity contract received in a tax-free exchange for another annuity contract or life insurance contract may be treated as a new contract for this purpose.

We believe that for any Contracts subject to such aggregation, the values under the Contracts and the investment in the contracts will be added together to determine the taxation under subparagraph 2.a., above, of amounts received or deemed received prior to the Annuity Commencement Date. Withdrawals will be treated first as withdrawals of income until all of the income from all such Contracts is withdrawn.

In addition, the Treasury Department has specific authority under the aggregation rules in Code Section 72(e)(12) to issue regulations to prevent the avoidance of the income-out-first rules for non-periodic distributions through the serial purchase of annuity contracts or otherwise. As of the date of this prospectus, there are no regulations interpreting these aggregation provisions.

d. 10% Penalty Tax — Applicable to Certain Withdrawals and Annuity Payments.


i.	If any amount is received or deemed received on the Contract (before or after the Annuity Commencement Date), the Code applies a penalty tax equal to ten percent of the portion of the amount includable in gross income, unless an exception applies.


ii.	The 10% penalty tax will not apply to the following distributions:

1. Distributions made on or after the date the recipient has attained the age of 591⁄2.

2. Distributions made on or after the death of the holder or, where the holder is not an individual, the death of the primary annuitant.

3. Distributions attributable to a recipient becoming disabled.

4. A distribution that is part of a scheduled series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the recipient (or the joint lives or life expectancies of the recipient and the recipient’s designated Beneficiary).

5. Distributions made under certain annuities issued in connection with structured settlement agreements.

6. Distributions of amounts which are allocable to the “investment in the contract” prior to August 14, 1982 (see next subparagraph e.).

7. Distributions purchased by an employer upon termination of certain qualified plans and held by the employer until the employee separates from service.

If the taxpayer avoids this 10% penalty tax by qualifying for the substantially equal periodic payments exception and later such series of payments is modified (other than by death or disability), the 10% penalty tax will be applied retroactively to all the prior periodic payments (i.e., penalty tax plus interest thereon), unless such modification is made after both (a) the taxpayer has reached age 591⁄2 and (b) 5 years have elapsed since the first of these periodic payments.


e.	Special Provisions Affecting Contracts Obtained Through a Tax-Free Exchange of Other Annuity or Life Insurance Contracts Purchased Prior to August 14, 1982.

If the Contract was obtained by a tax-free exchange of a life insurance or annuity Contract purchased prior to August 14, 1982, then any amount received or deemed received prior to the Annuity Commencement Date shall be deemed to come (1) first from the amount of the “investment in the contract” prior to August 14, 1982 (“pre-8/14/82 investment”) carried over from the prior Contract, (2) then from the portion of the “income on the contract” (carried over to, as well as accumulating in, the successor Contract) that is attributable to such pre-8/14/82 investment, (3) then from the remaining “income on the contract” and (4) last from the remaining “investment in the contract.” As a result, to the extent that such amount received or deemed received does not exceed such pre-8/14/82 investment, such amount is not includable in gross income. In addition, to the extent that such amount received or deemed received does not exceed the sum of (a) such pre-8/14/82 investment and (b) the “income on the contract” attributable thereto, such amount is not subject to the 10% penalty tax. In all other respects, amounts received or deemed received from such post-exchange Contracts are generally subject to the rules described in this subparagraph e.


f.	Required Distributions


i.	Death of Contract Owner or Primary Annuitant

Subject to the alternative election or Spouse beneficiary provisions in ii or iii below:


1.	If any Contract Owner dies on or after the Annuity Commencement Date and before the entire interest in the Contract has been distributed, the remaining portion of such interest shall be distributed at least as rapidly as under the method of distribution being used as of the date of such death;


2.	If any Contract Owner dies before the Annuity Commencement Date, the entire interest in the Contract shall be distributed within 5 years after such death; and

If the Contract Owner is not an individual, then for purposes of 1. or 2. above, the primary annuitant under the Contract shall be treated as the Contract Owner, and any change in the primary annuitant shall be treated as the death of the Contract Owner. The primary annuitant is the individual, the events in the life of whom are of primary importance in affecting the timing or amount of the payout under the Contract.

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ii.	Alternative Election to Satisfy Distribution Requirements

If any portion of the interest of a Contract Owner described in i. above is payable to or for the benefit of a designated beneficiary, such beneficiary may elect to have the portion distributed over a period that does not extend beyond the life or life expectancy of the beneficiary. Such distributions must begin within a year of the Contract Owner’s death.


iii.	Spouse Beneficiary

If any portion of the interest of a Contract Owner is payable to or for the benefit of his or her Spouse, and the Annuitant or Contingent Annuitant is living, such Spouse shall be treated as the Contract Owner of such portion for purposes of section i. above. This Spousal Contract continuation shall apply only once for this Contract.


iv.	Civil Union or Domestic Partner

Upon the death of the Contract Owner prior to the Annuity Commencement Date, if the designated beneficiary is the surviving civil union or domestic partner of the Contract Owner, rather than the spouse of the Contract Owner, then such designated beneficiary is not permitted to continue the Contract as the succeeding Contract Owner. A designated beneficiary who is a same sex spouse will be permitted to continue the Contract as the succeeding Contract Owner.


g.	Addition of Rider or Material Change.

The addition of a rider to the Contract, or a material change in the Contract’s provisions, could cause it to be considered newly issued or entered into for tax purposes, and thus could cause the Contract to lose certain grandfathered tax status. Please contact your tax adviser for more information.

h. Partial Exchanges.

The owner of an annuity contract can direct its insurer to transfer a portion of the contract's cash value directly to another annuity contract (issued by the same insurer or by a different insurer), and such a direct transfer can qualify for tax-free exchange treatment under Code Section 1035 (a "partial exchange"). The IRS in Revenue Procedure 2011-38, indicated that a partial exchange made on or after October 24, 2011 will be treated as a tax-free exchange under Code Section 1035 if there is no distribution from or surrender of, either contract involved in the exchange within 180 days of such exchange. Amounts received as annuity payments for a period of at least 10 years on one or more lives will not be treated as distributions for this purpose. If a transfer does not meet the 180-day test, the IRS will apply general tax rules to determine the substance and treatment of the transfer.

We advise you to consult with a qualified tax adviser as to the potential tax consequences before attempting any partial exchanges.


3.	Diversification Requirements.

The Code requires that investments supporting your Contract be adequately diversified. Code Section 817(h) provides that a variable annuity contract will not be treated as an annuity contract for any period during which the investments made by the separate account or Fund are not adequately diversified. If a contract is not treated as an annuity contract, the contract owner will be subject to income tax on annual increases in cash value.

The Treasury Department’s diversification regulations under Code Section 817(h) require, among other things, that:


•	no more than 55% of the value of the total assets of the segregated asset account underlying a variable contract is represented by any one investment,


•	no more than 70% is represented by any two investments,


•	no more than 80% is represented by any three investments and


•	no more than 90% is represented by any four investments.

In determining whether the diversification standards are met, all securities of the same issuer, all interests in the same real property project, and all interests in the same commodity are each treated as a single investment. In the case of government securities, each government agency or instrumentality is treated as a separate issuer.

A separate account must be in compliance with the diversification standards on the last day of each calendar quarter or within 30 days after the quarter ends. If an insurance company inadvertently fails to meet the diversification requirements, the company may still comply within a reasonable period and avoid the taxation of contract income on an ongoing basis. However, either the insurer or the contract owner must agree to make adjustments or pay such amounts as may be required by the IRS for the period during which the diversification requirements were not met.

Fund shares may also be sold to tax-qualified plans pursuant to an exemptive order and applicable tax laws. If Fund shares are sold to nonqualified plans, or to tax-qualified plans that later lose their tax-qualified status, the affected Funds may fail the diversification requirements of Code Section 817(h), which could have adverse tax consequences for Contract Owners with premiums allocated to affected Funds. In order to prevent a Fund diversification failure from such an occurrence, the Company obtained a private letter ruling (“PLR”) from the IRS. As long as the Funds comply with certain terms and conditions contained

APP TAX-6

in the PLR, Fund diversification will not be prevented if purported tax-qualified plans invest in the Funds. The Company and the Funds will monitor the Funds’ compliance with the terms and conditions contained in the PLR.

4. Tax Ownership of the Assets in the Separate Account.

In order for a variable annuity contract to qualify for tax income deferral, assets in the separate account supporting the contract must be considered to be owned by the insurance company, and not by the contract owner, for tax purposes. The IRS has stated in published rulings that a variable contract owner will be considered the “owner” of separate account assets for income tax purposes if the contract owner possesses sufficient incidents of ownership in those assets, such as the ability to exercise investment control over the assets. In circumstances where the variable contract owner is treated as the “tax owner” of certain separate account assets, income and gain from such assets would be includable in the variable contract owner’s gross income. The Treasury Department indicated in 1986 that it would provide guidance on the extent to which contract owners may direct their investments to particular Sub-Accounts without being treated as tax owners of the underlying shares. Although no such regulations have been issued to date, the IRS has issued a number of rulings that indicate that this issue remains subject to a facts and circumstances test for both variable annuity and life insurance contracts.

Rev. Rul. 2003-92, amplified by Rev. Rul. 2007-7, indicates that, where interests in a partnership offered in an insurer’s separate account are not available exclusively through the purchase of a variable insurance contract (e.g., where such interests can be purchased directly by the general public or others without going through such a variable contract), such “public availability” means that such interests should be treated as owned directly by the contract owner (and not by the insurer) for tax purposes, as if such contract owner had chosen instead to purchase such interests directly (without going through the variable contract). None of the shares or other interests in the fund choices offered in our Separate Account for your Contract are available for purchase except through an insurer’s variable contracts or by other permitted entities.

Rev. Rul. 2003-91 indicates that an insurer could provide as many as 20 fund choices for its variable contract owners (each with a general investment strategy, e.g., a small company stock fund or a special industry fund) under certain circumstances, without causing such a contract owner to be treated as the tax owner of any of the Fund assets. The ruling does not specify the number of fund options, if any,that might prevent a variable contract owner from receiving favorable tax treatment. As a result, although the owner of a Contract has more than 20 fund choices, we believe that any owner of a Contract also should receive the same favorable tax treatment. However,there is necessarily some uncertainty here as long as the IRS continues to use a facts and circumstances test for investor control and other tax ownership issues. Therefore, we reserve the right to modify the Contract as necessary to prevent you from being treated as the tax owner of any underlying assets.

5. Certain Tax Considerations for Full or Partial Settlement Payments from the Personal Pension Account

The recent enactment of new Section 72(a)(2) of the Code for partial annuitizations provides direction on how Personal Pension Account Payouts should be treated for tax purposes, effective for payments received in taxable years beginning after December 31, 2010 (regardless of when the annuity was purchased). However, because there is yet to be guidance on the new provisions from the IRS, there is still some uncertainty as to how the partial annuitization provisions will be applied and we advise you to consult with a qualified tax adviser concerning such tax treatment before you deposit amounts into the Personal Pension Accont or take a settllement for a Personal Pension Account Payout.

With respect to the Peronal Pension Account, the Company plans to report any periodic payments under a settlement of the Personal Pension Account (Personal Pension Account Payouts) as amounts received as an annuity and a partial annuitization of the Contract, resulting in that portion of the Contract being treated as a separate contract for which an annuity starting date is assigned, a portion of the investment in the contract is allocated and an exclusion ratio is determined (discussed in subparagraph 2.a. above). Likewise, after December 31, 2010, the Company plans to report any continuing periodic settlement payments from the Personal Pension Account as amounts received as an annuity under a separate contract with an annuity starting date of January 1, 2010, for which a portion of the investment in the contract should be allocated and an exclusion ratio should be determined consistent with new Section 72(a)(2) of the Code (and discussed in subparagraph 2.a. above).

D. Federal Income Tax Withholding

The portion of an amount received under a Contract that is taxable gross income to the Payee is also subject to federal income tax withholding,pursuant to Code Section 3405, which requires the following:

Non-Periodic Distributions. The portion of a non-periodic distribution that is includable in gross income is subject to federal income tax withholding unless an individual elects not to have such tax withheld (“election out”). We will provide such an “election out” form at the time such a distribution is requested. If the necessary “election out” form is not submitted to us in a timely manner,generally we are required to withhold 10 percent of the includable amount of distribution and remit it to the IRS.

Periodic Distributions (payable over a period greater than one year). The portion of a periodic distribution that is includable in gross income is generally subject to federal income tax withholding as if the Payee were a married individual claiming 3 exemptions, unless the individual elects otherwise. An individual generally may elect out of such withholding, or elect to have income tax withheld at a different rate, by providing a completed election form. We will provide such an election form at the time such a distribution is requested. If the necessary “election out” forms are not

APP TAX-7

submitted to us in a timely manner, we are required to withhold tax as if the recipient were married claiming 3 exemptions, and remit this amount to the IRS.

Generally no “election out” is permitted if the distribution is delivered outside the United States and any possession of the United States.

Regardless of any “election out” (or any amount of tax actually withheld) on an amount received from a Contract, the Payee is generally liable for any failure to pay the full amount of tax due on the includable portion of such amount received. A Payee also may be required to pay penalties under estimated income tax rules, if the withholding and estimated tax payments are insufficient to satisfy the Payee’s total tax liability.

E. General Provisions Affecting Qualified Retirement Plans

The Contract may be used for a number of qualified retirement plans. If the Contract is being purchased with respect to some form of qualified retirement plan, please refer to the section entitled “Information Regarding Tax-Qualified Retirement Plans” for information relative to the types of plans for which it may be used and the general explanation of the tax features of such plans.

F. Nonresident Aliens and Foreign Entities

The discussion above provides general information regarding U.S. federal income tax consequences to annuity purchasers that are U.S. persons (such as U.S. citizens or U.S. resident aliens). Purchasers (and payees such as a purchaser’s beneficiary) that are not U.S. persons (such as a Nonresident Alien) will generally be subject to U.S. federal income tax and withholding on taxable annuity distributions at a 30% rate, unless a lower treaty rate applies and any required information and IRS tax forms (such as IRS Form W-8BEN) are submitted to us. If withholding tax applies, we are generally required to withhold tax at a 30% rate, or a lower treaty rate if applicable, and remit it to the IRS. Foreign entities (such as foreign corporations, foreign partnerships, or foreign trusts) must provide the appropriate IRS tax forms (such as IRS Form W-8BEN-E or other appropriate Form W-8). If required by law, we may withhold 30% from any taxable payment in accordance with applicable requirements such as The Foreign Account Tax Compliance Act (FATCA) and applicable regulations. An updated Form W-8 is generally required to be submitted every three years. Purchasers may also be subject to state premium tax, other state and/or municipal taxes, and taxes that may be imposed by the purchaser’s country of citizenship or residence.

G. Estate, Gift and Generation-Skipping Tax and Related Tax Considerations

Any amount payable upon a Contract Owner’s death, whether before or after the Annuity Commencement Date, is generally includable in the Contract Owner’s estate for federal estate tax purposes. Similarly, prior to the Contract Owner’s death, the payment of any amount from the Contract, or the transfer of any interest in the Contract, to a beneficiary or other person for less than adequate consideration may have federal gift tax consequences. In addition, any transfer to, or designation of, a non-Spouse beneficiary who either is (1) 371⁄2 or more years younger than a Contract Owner or (2) a grandchild (or more remote further descendant) of a Contract Owner may have federal generation-skipping-transfer (“GST”) tax consequences under Code Section 2601. Regulations under Code Section 2662 may require us to deduct any such GST tax from your Contract, or from any applicable payment, and pay it directly to the IRS. However, any federal estate, gift or GST tax payment with respect to a Contract could produce an offsetting income tax deduction for a beneficiary or transferee under Code Section 691(c) (partially offsetting such federal estate or GST tax) or a basis increase for a beneficiary or transferee under Code Section 691(c) or Section 1015(d). In addition, as indicated above in “Distributions Prior to the Annuity Commencement Date,” the transfer of a Contract for less than adequate consideration during the Contract Owner’s lifetime generally is treated as producing an amount received by such Contract Owner that is subject to both income tax and the 10% penalty tax. To the extent that such an amount deemed received causes an amount to be includable currently in such Contract Owner’s gross income, this same income amount could produce a corresponding increase in such Contract Owner’s tax basis for such Contract that is carried over to the transferee’s tax basis for such Contract under Code Section 72(e)(4)(C)(iii) and Section 1015.

H. Tax Disclosure Obligations

In some instances certain transactions must be disclosed to the IRS or penalties could apply. See, for example, IRS Notice 2004-67. The Code also requires certain “material advisers” to maintain a list of persons participating in such “reportable transactions,” which list must be furnished to the IRS upon request. It is possible that such disclosures could be required by The Company, the Owner(s) or other persons involved in transactions involving annuity contracts. It is the responsibility of each party, in consultation with their tax and legal advisers, to determine whether the particular facts and circumstances warrant such disclosures.

Information Regarding Tax-Qualified Retirement Plans

This summary does not attempt to provide more than general information about the federal income tax rules associated with use of a Contract by a tax-qualified retirement plan. State income tax rules applicable to tax-qualified retirement plans often differ from federal income tax rules, and this summary does not describe any of these differences. Because of the complexity

APP TAX-8

of the tax rules, owners, participants and beneficiaries are encouraged to consult their own tax advisors as to specific tax consequences.

The Contracts are available to a variety of tax-qualified retirement plans and arrangements (a “Qualified Plan” or “Plan”). Tax restrictions and consequences for Contracts or accounts under each type of Qualified Plan differ from each other and from those for Non-Qualified Contracts. In addition, individual Qualified Plans may have terms and conditions that impose additional rules. Therefore, no attempt is made herein to provide more than general information about the use of the Contract with the various types of Qualified Plans. Participants under such Qualified Plans, as well as Contract Owners, annuitants and beneficiaries, are cautioned that the rights of any person to any benefits under such Qualified Plans may be subject to terms and conditions of the Plans themselves or limited by applicable law, regardless of the terms and conditions of the Contract issued in connection therewith. Qualified Plans generally provide for the tax deferral of income regardless of whether the Qualified Plan invests in an annuity or other investment. You should consider if the Contract is a suitable investment if you are investing through a Qualified Plan.

The following is only a general discussion about types of Qualified Plans for which the Contracts may be available. We are not the plan administrator for any Qualified Plan. The plan administrator or custodian, whichever is applicable, (but not us) is responsible for all Plan administrative duties including, but not limited to, notification of distribution options, disbursement of Plan benefits, handling any processing and administration of Qualified Plan loans, compliance with regulatory requirements and federal and state tax reporting of income/distributions from the Plan to Plan participants and, if applicable, beneficiaries of Plan participants and IRA contributions from Plan participants. Our administrative duties are limited to administration of the Contract and any disbursements of any Contract benefits to the Owner, annuitant or beneficiary of the Contract, as applicable. Our tax reporting responsibility is limited to federal and state tax reporting of income/distributions to the applicable payee and IRA contributions from the Owner of a Contract, as recorded on our books and records. If you are purchasing a Contract through a Qualified Plan, you should consult with your Plan administrator and/or a qualified tax adviser. You also should consult with a qualified tax adviser and/or Plan administrator before you withdraw any portion of your Contract Value.

The tax rules applicable to Qualified Contracts and Qualified Plans, including restrictions on contributions and distributions, taxation of distributions and tax penalties, vary according to the type of Qualified Plan, as well as the terms and conditions of the Plan itself. Various tax penalties may apply to contributions in excess of specified limits, plan distributions (including loans) that do not comply with specified limits, and certain other transactions relating to such Plans. Accordingly, this summary provides only general information about the tax rules associated with use of a Qualified Contract in such a Qualified Plan. In addition, some Qualified Plans are subject to distribution and other requirements that are not incorporated into our administrative procedures. Owners, participants, and beneficiaries are responsible for determining that contributions, distributions and other transactions comply with applicable tax (and non-tax) law and any applicable Qualified Plan terms. Because of the complexity of these rules, Owners, participants and beneficiaries are advised to consult with a qualified tax adviser as to specific tax consequences.

We do not currently offer the Contracts in connection with all of the types of Qualified Plans discussed below, and may not offer the Contracts for all types of Qualified Plans in the future.

1. Individual Retirement Annuities (“IRAs”).

In addition to “traditional” IRAs governed by Code Sections 408(a) and (b) (“Traditional IRAs”), there are Roth IRAs governed by Code Section 408A, SEP IRAs governed by Code Section 408(k), and SIMPLE IRAs governed by Code Section 408(p). Also, Qualified Plans under Code Section 401, 403(b) or 457(b) may elect to provide for a separate account or annuity contract that accepts after-tax employee contributions and is treated as a “Deemed IRA” under Code Section 408(q), which is generally subject to the same rules and limitations as Traditional IRAs. Contributions to each of these types of IRAs are subject to differing limitations. The following is a very general description of each type of IRA for which a Contract is available.

a. Traditional IRAs

Traditional IRAs are subject to limits on the amounts that may be contributed each year, the persons who may be eligible, and the time when minimum distributions must begin. Depending upon the circumstances of the individual, contributions to a Traditional IRA may be made on a deductible or non-deductible basis. Failure to make required minimum distributions (“RMDs”) when the Owner reaches age 701⁄2 or dies, as described below, may result in imposition of a 50% additional tax on any excess of the RMD amount over the amount actually distributed. In addition, any amount received before the Owner reaches age 591⁄2 or dies is subject to a 10% additional tax on premature distributions, unless a special exception applies, as described below. Under Code Section 408(e), an IRA may not be used for borrowing (or as security for any loan) or in certain prohibited transactions, and such a transaction could lead to the complete tax disqualification of an IRA.

You (or your surviving spouse if you die) may rollover funds tax-free from certain existing Qualified Plans (such as proceeds from existing insurance contracts, annuity contracts or securities) into a Traditional IRA under certain circumstances, as indicated below. However, mandatory tax withholding of 20% may apply to any eligible rollover distribution from certain types of Qualified Plans if the distribution is not transferred directly to the Traditional IRA. In addition, under Code Section 402(c)(11) a non-spouse “designated beneficiary” of a deceased Plan participant may make a tax-free “direct rollover” (in the form of a direct transfer between Plan fiduciaries, as described below in “Rollover Distributions”) from certain Qualified Plans to a Traditional

APP TAX-9

IRA for such beneficiary, but such Traditional IRA must be designated and treated as an “inherited IRA” that remains subject to applicable RMD rules (as if such IRA had been inherited from the deceased Plan participant).

IRAs generally may not invest in life insurance contracts. However, an annuity contract that is used as an IRA may provide a death benefit that equals the greater of the premiums paid or the contract’s cash value. The Contract offers an enhanced death benefit that may exceed the greater of the Contract Value or total premium payments. The tax rules are unclear as to what extent an IRA can provide a death benefit that exceeds the greater of the IRA’s cash value or the sum of the premiums paid and other contributions into the IRA. Please note that the IRA rider for the Contract has provisions that are designed to maintain the Contract’s tax qualification as an IRA, and therefore could limit certain benefits under the Contract (including endorsement, rider or option benefits) to maintain the Contract’s tax qualification.

b. SEP IRAs

Code Section 408(k) provides for a Traditional IRA in the form of an employer-sponsored defined contribution plan known as a Simplified Employee Pension (“SEP”) or a SEP IRA. A SEP IRA can have employer contributions, and in limited circumstances employee and salary reduction contributions, as well as higher overall contribution limits than a Traditional IRA, but a SEP is also subject to special tax-qualification requirements (e.g., on participation, nondiscrimination and withdrawals) and sanctions. Otherwise, a SEP IRA is generally subject to the same tax rules as for a Traditional IRA, which are described above. Please note that the IRA rider for the Contract has provisions that are designed to maintain the Contract’s tax qualification as an IRA, and therefore could limit certain benefits under the Contract (including endorsement, rider or option benefits) to maintain the Contract’s tax qualification.

c. SIMPLE IRAs

The Savings Incentive Match Plan for Employees of small employers (“SIMPLE Plan”) is a form of an employer-sponsored Qualified Plan that provides IRA benefits for the participating employees (“SIMPLE IRAs”). Depending upon the SIMPLE Plan, employers may make plan contributions into a SIMPLE IRA established by each eligible participant. Like a Traditional IRA, a SIMPLE IRA is subject to the 50% additional tax for failure to make a full RMD, and to the 10% additional tax on premature distributions, as described below. In addition, the 10% additional tax is increased to 25% for amounts received during the 2-year period beginning on the date you first participated in a qualified salary reduction arrangement pursuant to a SIMPLE Plan maintained by your employer under Code Section 408(p)(2). Contributions to a SIMPLE IRA may be either salary deferral contributions or employer contributions, and these are subject to different tax limits from those for a Traditional IRA. Please note that the SIMPLE IRA rider for the Contract has provisions that are designed to maintain the Contract’s tax qualification as an SIMPLE IRA, and therefore could limit certain benefits under the Contract (including endorsement, rider or option benefits) to maintain the Contract’s tax qualification.

A SIMPLE Plan may designate a single financial institution (a Designated Financial Institution) as the initial trustee, custodian or issuer (in the case of an annuity contract) of the SIMPLE IRA set up for each eligible participant. However, any such Plan also must allow each eligible participant to have the balance in his SIMPLE IRA held by the Designated Financial Institution transferred without cost or penalty to a SIMPLE IRA maintained by a different financial institution. Absent a Designated Financial Institution, each eligible participant must select the financial institution to hold his SIMPLE IRA, and notify his employer of this selection.

If we do not serve as the Designated Financial Institution for your employer’s SIMPLE Plan, for you to use one of our Contracts as a SIMPLE IRA, you need to provide your employer with appropriate notification of such a selection under the SIMPLE Plan. If you choose, you may arrange for a qualifying transfer of any amounts currently held in another SIMPLE IRA for your benefit to your SIMPLE IRA with us.

d. Roth IRAs

Code Section 408A permits eligible individuals to establish a Roth IRA. Contributions to a Roth IRA are not deductible, but withdrawals of amounts contributed and the earnings thereon that meet certain requirements are not subject to federal income tax. In general, Roth IRAs are subject to limitations on the amounts that may be contributed by the persons who may be eligible to contribute, certain Traditional IRA restrictions, and certain RMD rules on the death of the Contract Owner. Unlike a Traditional IRA, Roth IRAs are not subject to RMD rules during the Contract Owner’s lifetime. Generally, however, upon the Owner’s death the amount remaining in a Roth IRA must be distributed by the end of the fifth year after such death or distributed over the life expectancy of a designated beneficiary. Prior to January 1, 2018, the Owner of a Traditional IRA or other qualified plan assets could recharacterize a Traditional IRA into a Roth IRA under certain circumstances. Effective January 1, 2018, a Traditional IRA or other qualified plan cannot be recharacterized as a Roth IRA. Tax-free rollovers from a Roth IRA can be made only to another Roth IRA under limited circumstances, as indicated below. After 2007, distributions from eligible Qualified Plans can be “rolled over” directly (subject to tax) into a Roth IRA under certain circumstances. Anyone considering the purchase of a Qualified Contract as a Roth IRA should consult with a qualified tax adviser. Please note that the Roth IRA rider for the Contract has provisions that are designed to maintain the Contract’s tax qualification as a Roth IRA, and therefore could limit certain benefits under the Contract (including endorsement, rider or option benefits) to maintain the Contract’s tax qualification.

APP TAX-10

2. Qualified Pension or Profit-Sharing Plan or Section 401(k) Plan

Provisions of the Code permit eligible employers to establish a tax-qualified pension or profit sharing plan (described in Section 401(a), and Section 401(k) if applicable, and exempt from taxation under Section 501(a)). Such a Plan is subject to limitations on the amounts that may be contributed, the persons who may be eligible to participate, the amounts of “incidental” death benefits, and the time when RMDs must commence. In addition, a Plan’s provision of incidental benefits may result in currently taxable income to the participant for some or all of such benefits. Amounts may be rolled over tax-free from a Qualified Plan to another Qualified Plan under certain circumstances, as described below. Anyone considering the use of a Qualified Contract in connection with such a Qualified Plan should seek competent tax and other legal advice.

In particular, please note that these tax rules provide for limits on death benefits provided by a Qualified Plan (to keep such death benefits “incidental” to qualified retirement benefits), and a Qualified Plan (or a Qualified Contract) often contains provisions that effectively limit such death benefits to preserve the tax qualification of the Qualified Plan (or Qualified Contract). In addition, various tax-qualification rules for Qualified Plans specifically limit increases in benefits once RMDs begin, and Qualified Contracts are subject to such limits. As a result, the amounts of certain benefits that can be provided by any option under a Qualified Contract may be limited by the provisions of the Qualified Contract or governing Qualified Plan that are designed to preserve its tax qualification.

3. Tax Sheltered Annuity under Section 403(b) (“TSA”)

Code Section 403(b) permits public school employees and employees of certain types of charitable, educational and scientific organizations described in Code Section 501(c)(3) to purchase a “tax-sheltered annuity” (“TSA”) contract and, subject to certain limitations, exclude employer contributions to a TSA from such an employee’s gross income. Generally, total contributions may not exceed the lesser of an annual dollar limit or 100% of the employee’s “includable compensation” for the most recent full year of service, subject to other adjustments.

There are also legal limits on annual elective deferrals that a participant may be permitted to make under a TSA. In certain cases, such as when the participant is age 50 or older, those limits may be increased. A TSA participant should contact his plan administrator to determine applicable elective contribution limits. Special provisions may allow certain employees different overall limitations.

A TSA is subject to a prohibition against distributions from the TSA attributable to contributions made pursuant to a salary reduction agreement, unless such distribution is made:


a.	after the employee reaches age 591⁄2;


b.	upon the employee’s separation from service;


c.	upon the employee’s death or disability;


d.	in the case of hardship (as defined in applicable law and in the case of hardship, any income attributable to such contributions may not be distributed); or


e.	as a qualified reservist distribution upon certain calls to active duty.

An employer sponsoring a TSA may impose additional restrictions on your TSA through its plan document.

Please note that the TSA rider for the Contract has provisions that are designed to maintain the Contract’s tax qualification as a TSA, and therefore could limit certain benefits under the Contract (including endorsement, rider or option benefits) to maintain the Contract’s tax qualification. In particular, please note that tax rules provide for limits on death benefits provided by a Qualified Plan (to keep such death benefits “incidental” to qualified retirement benefits), and a Qualified Plan (or a Qualified Contract) often contains provisions that effectively limit such death benefits to preserve the tax qualification of the Qualified Plan (or Qualified Contract). In addition, various tax-qualification rules for Qualified Plans specifically limit increases in benefits once RMDs begin, and Qualified Contracts are subject to such limits. As a result, the amounts of certain benefits that can be provided by any option under a Qualified Contract may be limited by the provisions of the Qualified Contract or governing Qualified Plan that are designed to preserve its tax qualification. In addition, a life insurance contract issued after September 23, 2007 is generally ineligible to qualify as a TSA under Reg. § 1.403(b)-8(c)(2).

Amounts may be rolled over tax-free from a TSA to another TSA or Qualified Plan (or from a Qualified Plan to a TSA) under certain circumstances, as described below. However, effective for TSA contract exchanges after September 24, 2007, Reg. § 1.403(b)-10(b) allows a TSA contract of a participant or beneficiary under a TSA Plan to be exchanged tax-free for another eligible TSA contract under that same TSA Plan, but only if all of the following conditions are satisfied: (1) such TSA Plan allows such an exchange, (2) the participant or beneficiary has an accumulated benefit after such exchange that is no less than such participant’s or beneficiary’s accumulated benefit immediately before such exchange (taking into account such participant’s or beneficiary’s accumulated benefit under both TSA contracts immediately before such exchange), (3) the second TSA contract is subject to distribution restrictions with respect to the participant that are no less stringent than those imposed on the TSA contract being exchanged, and (4) the employer for such TSA Plan enters into an agreement with the issuer of the second TSA contract under which such issuer and employer will provide each other from time to time with certain information necessary for such second TSA contract (or any other TSA contract that has contributions from such employer) to satisfy the TSA requirements under Code Section 403(b) and other federal tax requirements (e.g., plan loan conditions under Code Section

APP TAX-11

72(p) to avoid deemed distributions). Such necessary information could include information about the participant’s employment, information about other Qualified Plans of such employer, and whether a severance has occurred, or hardship rules are satisfied, for purposes of the TSA distribution restrictions. Consequently, you are advised to consult with a qualified tax advisor before attempting any such TSA exchange, particularly because it requires an agreement between the employer and issuer to provide each other with certain information. In addition, the same Regulation provides corresponding rules for a transfer from one TSA to another TSA under a different TSA Plan (e.g., for a different eligible employer). We are no longer accepting any incoming exchange request, or new contract application, for any individual TSA contract.

4. Deferred Compensation Plans under Section 457 (“Section 457 Plans”)

Certain governmental employers, or tax-exempt employers other than a governmental entity, can establish a Deferred Compensation Plan under Code Section 457. For these purposes, a “governmental employer” is a State, a political subdivision of a State, or an agency or an instrumentality of a State or political subdivision of a State. A Deferred Compensation Plan that meets the requirements of Code Section 457(b) is called an “Eligible Deferred Compensation Plan” or “Section 457(b) Plan.” Code Section 457(b) limits the amount of contributions that can be made to an Eligible Deferred Compensation Plan on behalf of a participant. Generally, the limitation on contributions is the lesser of (1) 100% of a participant’s includible compensation or (2) the applicable dollar amount ($18,000 for 2017 and $18,500 for 2018). The Plan may provide for additional “catch-up” contributions. In addition, under Code Section 457(d) a Section 457(b) Plan may not make amounts available for distribution to participants or beneficiaries before (1) the calendar year in which the participant attains age 701⁄2, (2) the participant has a severance from employment (including death), or (3) the participant is faced with an unforeseeable emergency (as determined in accordance with regulations).

Under Code Section 457(g) all of the assets and income of an Eligible Deferred Compensation Plan for a governmental employer must be held in trust for the exclusive benefit of participants and their beneficiaries. For this purpose, annuity contracts and custodial accounts described in Code Section 401(f) are treated as trusts. This trust requirement does not apply to amounts under an Eligible Deferred Compensation Plan of a tax-exempt (non-governmental) employer. In addition, this trust requirement does not apply to amounts held under a Deferred Compensation Plan of a governmental employer that is not a Section 457(b) Plan. However, where the trust requirement does not apply, amounts held under a Section 457 Plan must remain subject to the claims of the employer’s general creditors under Code Section 457(b)(6).

5. Taxation of Amounts Received from Qualified Plans

Except under certain circumstances in the case of Roth IRAs or Roth accounts in certain Qualified Plans, amounts received from Qualified Contracts or Plans generally are taxed as ordinary income under Code Section 72, to the extent that they are not treated as a tax-free recovery of after-tax contributions or other “investment in the contract.” For annuity payments and other amounts received after the Annuity Commencement Date from a Qualified Contract or Plan, the tax rules for determining what portion of each amount received represents a tax-free recovery of “investment in the contract” are generally the same as for Non-Qualified Contracts, as described above.

For non-periodic amounts from certain Qualified Contracts or Plans, Code Section 72(e)(8) provides special rules that generally treat a portion of each amount received as a tax-free recovery of the “investment in the contract,” based on the ratio of the “investment in the contract” over the Contract Value at the time of distribution. However, in determining such a ratio, certain aggregation rules may apply and may vary, depending on the type of Qualified Contract or Plan. For instance, all Traditional IRAs owned by the same individual are generally aggregated for these purposes, but such an aggregation does not include any IRA inherited by such individual or any Roth IRA owned by such individual.

In addition, additional taxes, mandatory tax withholding or rollover rules may apply to amounts received from a Qualified Contract or Plan, as indicated below, and certain exclusions may apply to certain distributions (e.g., distributions from an eligible Government Plan to pay qualified health insurance premiums of an eligible retired public safety officer). Accordingly, you are advised to consult with a qualified tax adviser before taking or receiving any amount (including a loan) from a Qualified Contract or Plan.


6.	Additional Taxes for Qualified Plans

Unlike Non-Qualified Contracts, Qualified Contracts are subject to federal additional taxes not just on premature distributions, but also on excess contributions and failures to make required minimum distributions (“RMDs”). Additional taxes on excess contributions can vary by type of Qualified Plan and which person made the excess contribution (e.g., employer or an employee). The additional taxes on premature distributions and failures to make timely RMDs are more uniform, and are described in more detail below.


a.	Additional Taxes on Premature Distributions

Code Section 72(t) imposes a penalty income tax equal to 10% of the taxable portion of a distribution from certain types of Qualified Plans that is made before the employee reaches age 591⁄2. However, this 10% additional tax does not apply to a distribution that is either:


(i)	made to a beneficiary (or to the employee’s estate) on or after the employee’s death;


(ii)	attributable to the employee’s becoming disabled under Code Section 72(m)(7);

APP TAX-12

(iii)

part of a series of substantially equal periodic payments (not less frequently than annually — “SEPPs”) made for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of such employee and a designated beneficiary (“SEPP Exception”), and for certain Qualified Plans (other than IRAs) such a series must begin after the employee separates from service;


(iv)	(except for IRAs) made to an employee after separation from service after reaching age 55 (or made after age 50 in the case of a qualified public safety employee separated from certain government plans);


(v)	(except for IRAs) made to an alternate payee pursuant to a qualified domestic relations order under Code Section 414(p) (a similar exception for IRAs in Code Section 408(d)(6) covers certain transfers for the benefit of a spouse or ex-spouse);


(vi)	not greater than the amount allowable as a deduction to the employee for eligible medical expenses during the taxable year;


(vii)	certain qualified reservist distributions under Code Section 72(t)(2)(G) upon a call to active duty;


(viii)	made an account of an IRS levy on the Qualified Plan under Code Section 72(t)(2)(A)(vii); or


(ix)	made as a “direct rollover” or other timely rollover to an Eligible Retirement Plan, as described below.

In addition, the 10% additional tax does not apply to a distribution from an IRA that is either:


(x)	made after separation from employment to an unemployed IRA owner for health insurance premiums, if certain conditions in Code Section 72(t)(2)(D) are met;


(xi)	not in excess of the amount of certain qualifying higher education expenses, as defined by Code Section 72(t)(7); or


(xii)	for a qualified first-time home buyer and meets the requirements of Code Section 72(t)(8).

If the taxpayer avoids this 10% additional tax by qualifying for the SEPP Exception and later such series of payments is modified (other than by death, disability or a method change allowed by Rev. Rul. 2002-62), the 10% additional tax will be applied retroactively to all the prior periodic payments (i.e., additional tax plus interest thereon), unless such modification is made after both (a) the employee has reached age 591⁄2 and (b) 5 years have elapsed since the first of these periodic payments.

For any premature distribution from a SIMPLE IRA during the first 2 years that an individual participates in a salary reduction arrangement maintained by that individual’s employer under a SIMPLE Plan, the 10% additional tax rate is increased to 25%.


b.	RMDs and 50% Additional Tax

If the amount distributed from a Qualified Contract or Plan is less than the amount of the required minimum distribution (“RMD”) for the year, the participant is subject to a 50% additional tax on the amount that has not been timely distributed.

An individual’s interest in a Qualified Plan generally must be distributed, or begin to be distributed, not later than the Required Beginning Date. Generally, the Required Beginning Date is April 1 of the calendar year following the later of —


(i)	the calendar year in which the individual attains age 701⁄2, or


(ii)	(except in the case of an IRA or a 5% owner, as defined in the Code) the calendar year in which a participant retires from service with the employer sponsoring a Qualified Plan that allows such a later Required Beginning Date.

A special rule applies to individuals who attained age 701⁄2 in 2009. Such individuals should consult with a qualified tax adviser before taking RMDs in 2010.

The entire interest of the individual must be distributed beginning no later than the Required Beginning Date over —


(a)	the life of the individual or the lives of the individual and a designated beneficiary (as specified in the Code), or


(b)	over a period not extending beyond the life expectancy of the individual or the joint life expectancy of the individual and a designated beneficiary.

If an individual dies before reaching the Required Beginning Date, the individual’s entire interest generally must be distributed within 5 years after the individual’s death. However, this RMD rule will be deemed satisfied if distributions begin before the close of the calendar year following the individual’s death to a qualifying designated beneficiary and distribution is over the life of such designated beneficiary (or over a period not extending beyond the life expectancy of such beneficiary). If the individual’s surviving spouse is the sole designated beneficiary, distributions may be delayed until the deceased individual would have attained age 701⁄2.

If an individual dies after RMDs have begun for such individual, any remainder of the individual’s interest generally must be distributed at least as rapidly as under the method of distribution in effect at the time of the individual’s death.

The RMD rules that apply while the Contract Owner is alive do not apply with respect to Roth IRAs. The RMD rules applicable after the death of the Owner apply to all Qualified Plans, including Roth IRAs. In addition, if the Owner of a Traditional or Roth IRA dies and the Owner’s surviving spouse is the sole designated beneficiary, this surviving spouse may elect to treat the Traditional or Roth IRA as his or her own.

The RMD amount for each year is determined generally by dividing the account balance by the applicable life expectancy. This account balance is generally based upon the account value as of the close of business on the last day of the previous calendar year. RMD incidental benefit rules also may require a larger annual RMD amount, particularly when distributions are made

APP TAX-13

over the joint lives of the Owner and an individual other than his or her spouse. RMDs also can be made in the form of annuity payments that satisfy the rules set forth in Regulations under the Code relating to RMDs.

In addition, in computing any RMD amount based on a contract’s account value, such account value must include the actuarial value of certain additional benefits provided by the contract. As a result, electing an optional benefit under a Qualified Contract may require the RMD amount for such Qualified Contract to be increased each year, and expose such additional RMD amount to the 50% additional tax for RMDs if such additional RMD amount is not timely distributed.

7. Tax Withholding for Qualified Plans

Distributions from a Qualified Contract or Qualified Plan generally are subject to federal income tax withholding requirements. These federal income tax withholding requirements, including any “elections out” and the rate at which withholding applies, generally are the same as for periodic and non-periodic distributions from a Non-Qualified Contract, as described above, except where the distribution is an “eligible rollover distribution” from a Qualified Plan (described below in “Rollover Distributions”). In the latter case, tax withholding is mandatory at a rate of 20% of the taxable portion of the “eligible rollover distribution,” to the extent it is not directly rolled over to an IRA or other Eligible Retirement Plan (described below in “Rollover Distributions”). Payees cannot elect out of this mandatory 20% withholding in the case of such an “eligible rollover distribution.”

Also, special withholding rules apply with respect to distributions from non-governmental Section 457(b) Plans, and to distributions made to individuals who are neither citizens nor resident aliens of the United States.

Regardless of any “election out” (or any actual amount of tax actually withheld) on an amount received from a Qualified Contract or Plan, the payee is generally liable for any failure to pay the full amount of tax due on the includable portion of such amount received. A payee also may be required to pay penalties under estimated income tax rules, if the withholding and estimated tax payments are insufficient to satisfy the payee’s total tax liability.

8. Rollover Distributions

The current tax rules and limits for tax-free rollovers and transfers between Qualified Plans vary according to (1) the type of transferor Plan and transferee Plan, (2) whether the amount involved is transferred directly between Plan fiduciaries (a “direct transfer” or a “direct rollover”) or is distributed first to a participant or beneficiary who then transfers that amount back into another eligible Plan within 60 days (a “60-day rollover”), and (3) whether the distribution is made to a participant, spouse or other beneficiary. Accordingly, we advise you to consult with a qualified tax adviser before receiving any amount from a Qualified Contract or Plan or attempting some form of rollover or transfer with a Qualified Contract or Plan.

For instance, generally any amount can be transferred directly from one type of Qualified Plan to the same type of Plan for the benefit of the same individual, without limit (or federal income tax), if the transferee Plan is subject to the same kinds of restrictions as the transfer or Plan and certain other conditions to maintain the applicable tax qualification are satisfied. Such a “direct transfer” between the same kinds of Plan is generally not treated as any form of “distribution” out of such a Plan for federal income tax purposes.

By contrast, an amount distributed from one type of Plan into a different type of Plan generally is treated as a “distribution” out of the first Plan for federal income tax purposes, and therefore to avoid being subject to such tax, such a distribution must qualify either as a “direct rollover” (made directly to another Plan fiduciary) or as a “60-day rollover.” The tax restrictions and other rules for a “direct rollover” and a “60-day rollover” are similar in many ways, but if any “eligible rollover distribution” made from certain types of Qualified Plan is not transferred directly to another Plan fiduciary by a “direct rollover,” then it is subject to mandatory 20% withholding, even if it is later contributed to that same Plan in a “60-day rollover” by the recipient. If any amount less than 100% of such a distribution (e.g., the net amount after the 20% withholding) is transferred to another Plan in a “60-day rollover”, the missing amount that is not rolled over remains subject to normal income tax plus any applicable additional tax.

Under Code Sections 402(f)(2)(A) and 3405(c)(3) an “eligible rollover distribution” (which is both eligible for rollover treatment and subject to 20% mandatory withholding absent a “direct rollover”) is generally any distribution to an employee of any portion (or all) of the balance to the employee’s credit in any of the following types of “Eligible Retirement Plan”: (1) a Qualified Plan under Code Section 401(a) (“Qualified 401(a) Plan”), (2) a qualified annuity plan under Code Section 403(a) (“Qualified Annuity Plan”), (3) a TSA under Code Section 403(b), or (4) a governmental Section 457(b) Plan. However, an “eligible rollover distribution” does not include any distribution that is either —


a.	an RMD amount;


b.	one of a series of substantially equal periodic payments (not less frequently than annually) made either (i) for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of the employee and a designated beneficiary, or (ii) for a specified period of 10 years or more; or


c.	any distribution made upon hardship of the employee.

Before making an “eligible rollover distribution,” a Plan administrator generally is required under Code Section 402(f) to provide the recipient with advance written notice of the “direct rollover” and “60-day rollover” rules and the distribution’s exposure to the 20% mandatory withholding if it is not made by “direct rollover.” Generally, under Code Sections 402(c), 403(b)(8) and 457 (e)(16), a “direct rollover” or a “60-day rollover” of an “eligible rollover distribution” can be made to a Traditional IRA or to another

APP TAX-14

Eligible Retirement Plan that agrees to accept such a rollover. However, the maximum amount of an “eligible rollover distribution” that can qualify for a tax-free “60-day rollover” is limited to the amount that otherwise would be includable in gross income. By contrast, a “direct rollover” of an “eligible rollover distribution” can include after-tax contributions as well, if the direct rollover is made either to a Traditional IRA or to another form of Eligible Retirement Plan that agrees to account separately for such a rollover, including accounting for such after-tax amounts separately from the otherwise taxable portion of this rollover. Separate accounting also is required for all amounts (taxable or not) that are rolled into a governmental Section 457(b) Plan from either a Qualified Section 401(a) Plan, Qualified Annuity Plan, TSA or IRA. These amounts, when later distributed from the governmental Section 457(b) Plan, are subject to any premature distribution additional tax applicable to distributions from such a “predecessor” Qualified Plan.

Rollover rules for distributions from IRAs under Code Sections 408(d)(3) and 408A(d)(3) also vary according to the type of transferor IRA and type of transferee IRA or other Plan. For instance, generally no tax-free “direct rollover” or “60-day rollover” can be made between a “NonRoth IRA” (Traditional, SEP or SIMPLE IRA) and a Roth IRA, and a transfer from NonRoth IRA to a Roth IRA, or a “conversion” of a NonRoth IRA to a Roth IRA, is subject to special rules. In addition, generally no tax-free “direct rollover” or “60-day rollover” can be made between an “inherited IRA” (NonRoth or Roth) for a beneficiary and an IRA set up by that same individual as the original owner.

Generally, any amount other than an RMD distributed from a Traditional or SEP IRA is eligible for a “direct rollover” or a “60-day rollover” to another Traditional IRA for the same individual. Similarly, any amount other than an RMD distributed from a Roth IRA is generally eligible for a “direct rollover” or a “60-day rollover” to another Roth IRA for the same individual. However, in either case such a tax-free 60-day rollover is limited to 1 per year (365-day period); whereas no 1-year limit applies to any such “direct rollover.” Similar rules apply to a “direct rollover” or a “60-day rollover” of a distribution from a SIMPLE IRA to another SIMPLE IRA or a Traditional IRA, except that any distribution of employer contributions from a SIMPLE IRA during the initial 2-year period in which the individual participates in the employer’s SIMPLE Plan is generally disqualified (and subject to the 25% additional tax on premature distributions) if it is not rolled into another SIMPLE IRA for that individual. Amounts other than RMDs distributed from a Traditional or SEP IRA (or SIMPLE IRA after the initial 2-year period) also are eligible for a “direct rollover” or a “60-day rollover” to an Eligible Retirement Plan (e.g., a TSA) that accepts such a rollover, but any such rollover is limited to the amount of the distribution that otherwise would be includable in gross income (i.e., after-tax contributions are not eligible).

Special rules also apply to transfers or rollovers for the benefit of a spouse (or ex-spouse) or a non-spouse designated beneficiary, Plan distributions of property, and obtaining a waiver of the 60-day limit for a tax-free rollover from the IRS. The Katrina Emergency Tax Relief Act of 2005 (KETRA) allows certain amounts to be re-contributed within three years as a rollover contribution to a plan from which a KETRA distribution was taken. Other rules and exceptions may apply, so please consult with a qualified tax adviser.

9. Certain Tax Considerations with the Personal Pension Account in Qualified Plans

Because the IRS has published no guidance on the tax treatment of arrangements resembling the Personal Pension Account, there is necessarily some uncertainty as to how an annuity contract with a Personal Pension Account will be treated in different types of Qualified Plans, and we advise you to consult with a qualified tax adviser concerning such treatment before you deposit any amount into a Personal Pension Account that is held in any Qualified Plan.

Among such tax issues for you to consider with a qualified tax adviser in such a case are the following:

a. Any amounts received by you (or your payee) prior to your attaining age 591⁄2 are generally subject to the additional tax on premature distributions described above, unless such an amount received can qualify for an exception from such a additional tax, e.g., scheduled payments that qualify for the SEPP Exception. In addition, any modification in payments qualifying for the SEPP Exception (e.g., by commutation) can have adverse additional tax consequences, as described above.

b. The tax rules for satisfying RMD requirements vary according to both the form of Qualified Plan (e.g., NonRoth or Roth IRA) and the form of payment (e.g., periodic annuity payout or non-periodic distribution from an account value). As a result, such variations should be considered when RMD amounts need to be taken (e.g., after age 701⁄2 or death). In addition, any modification in the form or amount of such payments (e.g., by commutation) could have adverse tax consequences, if such a modification does not satisfy an IRS-recognized RMD exception (e.g., for an acceleration or other change in periodic payments under Reg. § 1.401(a) (9)-6, Q&A-1 and Q&A-14).

c. Any attempt to transfer an amount from the Benefit Balance to Sub-Accounts or the Fixed Accumulation Feature (if available) that exceeds the threshold for such a transfer will be treated by us as a form of annuitization distribution from the Personal Pension Account, and thus may not qualify as a tax-free direct transfer. Instead, such an attempted excess transfer could be treated for tax purposes as a potentially taxable distribution out of the entire annuity contract, followed by a contribution back into the same contract. While such a distribution from an IRA may qualify for 60-day rollover treatment (if it is not needed to satisfy RMD requirements), only one such tax-free 60-day rollover is allowed for any 365-day period for any individual from all of such individual’s IRAs. Failing such tax-free rollover treatment, such a distribution could be subject to both income and additional tax, and any deemed contribution back into the contract may be subject to an excise tax on excess contributions, particularly after age 701⁄2. In addition, any such distribution from a non-IRA form of Qualified Plan may be subject to the 20%

APP TAX-15

mandatory withholding tax, unless such distribution is an RMD or otherwise avoids classification as an “eligible rollover distribution,” as described above.

APP A-1

Appendix A — Examples

Table of Contents



	Page
Contingent Deferred Sales Charge (CDSC) Examples	APP A-2
Personal Pension Account (PPA) Examples	APP A-7
Example 1: Standard Illustrations with Partial Income Stream	APP A-7
Example 2: Subsequent Personal Pension Account Deposits	APP A-9
Example 3a: Benefit Balance Transfer (In-bound)	APP A-9
Example 3b: Benefit Balance Transfer (Out-bound)	APP A-10
Example 4a: Full Commutation with Commuted Value	APP A-10
Example 4b: Partial Commutation with Commuted Value	APP A-12
Example 5: Transfer Programs	APP A-13
Example 5a: Fixed Dollar Amount	APP A-13
Example 5b: Investment Gains	APP A-14
Example 5c: Investment Gains	APP A-14
Example 5d: Income Path	APP A-14
Example 5e: Income Path	APP A-15
Maximum Anniversary Value (MAV) III Examples	APP A-15
Return of Premium (ROP) III Example	APP A-18
Safety Plus Examples	APP A-20
Future5 and Future6 Examples	APP A-21

APP A-2

Contingent Deferred Sales Charge Examples

Contingent Deferred Sales Charge Example 1:

Illustrates a partial Surrender that is equal to the AWA in a down market.

Assume a partial Surrender taken in Contract Year 2 equals $5,000. Step 1 does not apply. Values immediately prior to the partial Surrender:


•	Premium Payments subject to CDSC are $100,000


•	Remaining Gross Premiums are $100,000


•	Contract Value is $90,000


•	Earnings are $0


•	Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0


•	AWA is $5,000


•	Your AWA is the greater of (1) 5% of total Premium Payments subject to CDSC, or (2) earnings

Step 2: As the amount surrendered is equal to the AWA, there are no CDSC incurred on the transaction. Also, there is no adjustment to Remaining Gross Premiums. The AWA has been exhausted for the duration of the Contract Year. There are no additional steps.

Values after the partial Surrender:


•	Premium Payments subject to CDSC are $100,000


•	Remaining Gross Premiums are $100,000


•	Contract Value is $85,000


•	AWA is $0

Contingent Deferred Sales Charge Example 2:

Illustrates a partial Surrender in excess of the AWA in a down market, the non-cumulative feature of the AWA and impacts to future AWA calculations.

Assume a partial Surrender taken in Contract Year 2 equals $5,000. Step 1 does not apply. Values immediately prior to the first partial Surrender:


•	Premium Payments subject to CDSC are $100,000


•	Remaining Gross Premiums are $100,000


•	Contract Value is $90,000


•	Earnings are $0


•	Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0


•	AWA is $5,000


•	Your AWA is the greater of (1) 5% of total Premium Payments subject to CDSC, or (2) earnings

Values after the partial Surrender:


•	Premium Payments subject to CDSC are $100,000


•	Remaining Gross Premiums are $100,000


•	Contract Value is $85,000


•	AWA is $0

Next, assume an additional surrender during the same Contract Year equals $5,000. The Contract Value has changed due to market fluctuation, but no other transactions have occurred. Step 1 does not apply. Step 2 determines that the transaction is in excess of the AWA.

Values immediately prior to the second partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premiums are $100,000


•	Contract Value is $75,000


•	Earnings are $0


•	AWA is $0

Step 3: As the AWA is $0; the entire $5,000 is in excess of the AWA.

APP A-3

Step 4: We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B] where:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $6,667 ($100,000 x [$5,000/$75,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

Step 5: The applicable CDSC is 7%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $467 [7% x $6,667].

Step 6: We deduct the CDSC of $467 from the excess amount $5,000. The amount paid to you is $4,533. Values after the second partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premium is $93,333


•	Contract Value is $70,000


•	AWA is $0

Next, assume that a third partial Surrender is taken during Contract Year 3 for an amount equal to $15,000. The Contract Value has changed due to market fluctuation, but no other transactions have occurred. Step 1 does not apply. Step 2 determines that the transaction is in excess of the AWA.

Values prior to the third partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premium is $93,333


•	Contract Value is $78,000


•	Earnings are $0


•	AWA is $5,000

Step 3: We deduct the available AWA of $5,000; the remaining $10,000 is in excess of the AWA.

Step 4: We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B] where:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $12,785 ($93,333 x [$10,000/$73,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

Step 5: The applicable CDSC is 7%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $895 [7% x $12,785].

Step 6: We deduct the CDSC of $895 from the excess amount $10,000, and combine this with your AWA of $5,000. The amount paid to you is $14,105.

Values after the third partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premium is $80,548


•	Contract Value is $63,000


•	AWA is $0

Contingent Deferred Sales Charge Example 3:

Illustrates a partial Surrender in excess of the AWA in an up market, the non-cumulative feature of the AWA and impacts to future AWA calculations.

Assume a partial Surrender is taken in Contract Year 1 for $10,000. Step 1 does not apply. Values prior to the first partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premiums are $100,000


•	Contract Value is $110,000


•	Earnings are $10,000


•	Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0

APP A-4


•	AWA is $10,000


•	Your AWA is the greater of (1) 5% of total Premium Payments subject to CDSC, or (2) earnings

Values after the first partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premium is $100,000


•	Contract Value is $100,000


•	AWA is $0

Next, assume an additional partial Surrender is taken in Contract Year 1 for $10,000. The Contract Value has changed due to market fluctuation, but no other transactions have occurred. Step 1 does not apply. Step 2 determines that the transaction is in excess of the AWA.

Values prior to the second partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premium is $100,000


•	Contract Value is $100,000


•	Earnings are $0


•	AWA is $0

Step 3: As the AWA is $0; the entire $10,000 is in excess of the AWA.

Step 4: We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B] where:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $10,000 ($100,000 x [$10,000/$100,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

Step 5: The applicable CDSC is 7%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $700 [7% x $10,000].

Step 6: We deduct the CDSC of $700 from the excess amount $10,000. The amount paid to you is $9,300. Values after the second partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premium is $90,000


•	Contract Value is $90,000


•	AWA is $0

Next, assume an additional partial Surrender is taken in Contract Year 3 for $15,000. The Contract Value has changed due to market fluctuation, but no other transactions have occurred. Step 1 does not apply. Step 2 determines that the transaction is in excess of the AWA of $0.

Values prior to the third partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premiums are $90,000


•	Contract Value is $99,000


•	Earnings are $9,000


•	AWA is $9,000

Step 3: We deduct the available AWA of $9,000; the remaining $6,000 is in excess of the AWA.

Step 4: We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B] where:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $6,000 ($90,000 x [$6,000/$90,000])

APP A-5

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

Step 5: The applicable CDSC is 7%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $420 [7% x $6,000].

Step 6: We deduct the CDSC of $420 from the excess amount $6,000, and combine this with your AWA of $9,000. The amount paid to you is $14,580.

Values after the third partial Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premium is $84,000


•	Contract Value is $84,000


•	AWA is $0

Contingent Deferred Sales Charge Example 4:

Illustrates a full Surrender calculation with one of two Premium Payments out of the applicable CDSC schedule.

Assume two Premium Payments were made for $100,000 each. The first was applied at the beginning of Contract Year 1, the second in the beginning of Contract Year 3. A full Surrender is taken in Contract Year 8. Step 1: Your initial Deposit of $100,000 is available without a CDSC.

Values prior to the full Surrender:


•	Premium Payments are $200,000


•	Remaining Gross Premiums is $200,000


•	Remaining Gross Premium subject to CDSC is $100,000


•	Contract Value just prior to the full Surrender is $300,000


•	Earnings are $100,000


•	Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0


•	AWA is $100,000


•	Your AWA is the greater of (1) 5% of total Premium Payments subject to CDSC, or (2) earnings.

Step 2: The full surrender is in excess of the sum of the AWA of $100,000 plus the amount determined in Step 1 of $100,000.

Step 3: We deduct the available AWA; the remaining $100,000 is in excess of the AWA.

Step 4: We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B] where:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $100,000 ($100,000 x [$100,000/$100,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

Step 5: The applicable CDSC is 4%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $4,000 [4% x $100,000].

Step 6: We deduct the CDSC of $4,000 from the excess amount $100,000, and combine this with your AWA of $200,000. The amount paid to you is $296,000. Values after the full Surrender:


•	Contract Value is $0

The contract is terminated.

Contingent Deferred Sales Charge Example 5:

Illustrates a full Surrender calculation in a down market.

Assume $100,000 is invested, and a full Surrender occurs in Contract Year 3. Step 1 does not apply. Step 2 determines that the full Surrender is in excess of the AWA.

Values prior to the full Surrender:


•	Premium Payments are $100,000


•	Remaining Gross Premiums are $100,000


•	Contract Value just prior to the full Surrender is $50,000


•	Earnings are $0


•	Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0


•	AWA is $5,000

APP A-6


•	Your AWA is the greater of (1) 5% of total Premium Payments subject to CDSC, or (2) earnings

Step 3: We deduct the available AWA of $5,000; the remaining $45,000 is in excess of the AWA.

Step 4: We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B] where:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $100,000 ($100,000 x [$45,000/$45,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

Step 5: The applicable CDSC is 7%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $7,000 [7% x $100,000].

Step 6: We deduct the CDSC of $7,000 from the excess amount $45,000, and combine this with your AWA of $5,000. The amount paid to you is $43,000.

Values after the full Surrender:


•	Contract Value is $0

The contract is terminated.

Contingent Deferred Sales Charge Example 6:

Illustrates a commutation of the Personal Pension Account Annuity Payout Value. The same concept will apply to the commuted value of period certain annuity payouts.

Assume $100,000 is invested into the Personal Pension Account and you commence PPA Payouts. One PPA Payout has previously occurred for $420. Then, a commutation of all remaining Annuity Payout Value occurs in Contract Year 1, and life-contingent Payouts are waived. Step 1 does not apply. Step 2 determines that the full withdrawal is in excess of the AWA.

Values prior to the full commutation:


•	Contract Value is $0


•	Accumulation Balance is $0


•	Annuity Payout Value is $99,826


•	Contribution subject to CDSC is $100,000


•	AWA is $4,580


•	Your AWA is 5% of total Contributions subject to CDSC, less prior PPA Payouts during the Contract Year

Upon the commutation of remaining PPA Payouts, we reduce the Annuity Payout Value by an adjustment that takes into account the current value of the future Payouts you would have received during your Guaranteed Payout Duration using a discount rate determined in accordance with the factors described in the prospectus. For this commutation, the adjustment is $31,956. Please refer to Personal Pension Account Example 4a in this Appendix A for a more complete description of commutation.

The resulting value of $67,871 is the net commuted value for the purposes of CDSC calculation.

Step 3: We deduct the available AWA of $4,580; the remaining $63,291 is in excess of the AWA.

Step 4: We determine the amount that is subject to CDSC by applying a proportional factor to the Contributions still subject to CDSC.

The factor is derived as [A/B] where:

A = The amount in Step 3

B = Net commuted value of all APV + Accumulation Balance immediately prior to the withdrawal - AWA

The amount subject to CDSC is $100,000 ($100,000 x [$63,291 /$63,291])

Your remaining gross premiums (as used in the context of annuity payouts) are adjusted dollar-for-dollar for the amount subject to CDSC.

Step 5: The applicable CDSC is 7%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $7,000.

Step 6: We deduct the CDSC of $7,000 from the excess amount $63,291, and combine this with your AWA of $4,580. The amount paid to you is $60,871.

Values after the full commutation:


•	Annuity Payout Value is $0

APP A-7

Contingent Deferred Sales Charge Example 7:

Illustrates the reallocation of remaining gross premium (as used in the context of annuity payouts) upon a transfer to the Personal Pension Account.

Assume a transfer of funds equal to $20,000 from Contract Value to the Personal Pension Account in Contract Year 2.

Values immediately prior to the transfer:


•	Premium Payments are $100,000


•	Remaining Gross Premiums is $100,000


•	Contract Value is $120,000


•	Accumulation Balance is $0

Remaining Gross Premiums are reallocated proportionally upon a transfer of funds from the Contract Value to the Personal Pension Account as the portion of Contributions still subject to CDSC. The amount reallocated is derived by [A/B] where:


A =	The amount of the transfer


B =	The Contract Value immediately prior to the transfer

For this transfer, $16,667 is reallocated away from the Contract Value.

After the Transfer to the Personal Pension Account


•	Premium Payments allocated to Contract value is $83,333


•	Remaining Gross Premiums is $83,333


•	Contributions subject to CDSC allocated to the Personal Pension Account is $16,667


•	Contract Value is $100,000


•	Accumulation Balance is $20,000

On the whole, the amount subject to CDSC has remained constant.

Personal Pension Account Examples

Effective October 3, 2014, the Personal Pension Account will be closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).* Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).


*	Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.

Example 1: Standard Illustrations with a Partial Income Stream

Assume the initial Personal Pension Account Contribution is equal to $100,000 (no sums are invested in the Fixed Accumulation Feature or Sub-Accounts). Assume that in Contract Year 7, the Owner requested to commence an income stream based on $50,000 of Annuity Payout Value during the Guarantee Window. For the purposes of this Example, the Contract Owner chose a Target Income Age of 64. Hypothetical credited and payout rates are illustrated below.


A.	To understand how your guaranteed payout rates are set during your Guarantee Window (shaded area), see Guaranteed Payout Rates in Contract Years 1 through 7. In this Example, the guaranteed payout rate is locked in at Contract Year 7 when Personal Pension Account Payouts commence.


B.	Credited interest rates vary during the duration of your Contract as illustrated in column 4. In this illustration, credited interest rates change at the 10th Contract Year and again at the 20th Contract Year.


C.	Please refer to the last column in Contract Year 23 for an example of how Personal Pension Account Payouts will continue for the life of the Annuitant, Owner or joint Owner even though Annuity Payout Value has been exhausted.

APP A-8



	Contract Year	Age	Benefit Balance	Credited Interest Rate	Accumulation Balance		Annuity Payout Value		Guaranteed Payout Rates (per 1000)	Personal Pension Account Payouts(2)
	0	60	$100,000	5.00%	$	100,000
	1	61	105,000	5.00%	105,000				61.99
	2	62	110,250	5.00%	110,250				62.33
	3	63	115,763	5.00%	115,763				62.72
Guarantee Window	4	64	121,551	5.00%	121,551				63.16
Guarantee Window	5	65	127,628	5.00%	127,628				63.65
	6	66	134,010	5.00%	134,010				64.17
	7	67	140,710	5.00%	90,710(1)		$	50,000	64.73	$3,237
	8	68	142,009	5.00%	95,246		46,763			3,237
	9	69	143,535	5.00%	100,008		43,527			3,237
	10	70	145,299	3.00%	105,008		40,290			3,237
	11	71	145,212	3.00%	108,158		37,054			3,237
	12	72	145,220	3.00%	111,403		33,817			3,237
	13	73	145,326	3.00%	114,745		30,581			3,237
	14	74	145,532	3.00%	118,188		27,344			3,237
	15	75	145,841	3.00%	121,733		24,108			3,237
	16	76	146,256	3.00%	125,385		20,871			3,237
	17	77	146,781	3.00%	129,147		17,634			3,237
	18	78	147,419	3.00%	133,021		14,398			3,237
	19	79	148,173	3.00%	137,012		11,161			3,237
	20	80	149,047	1.50%	141,122		7,925			3,237
	21	81	147,927	1.50%	143,239		4,688			3,237
	22	82	146,839	1.50%	145,388		1,452			3,237
	23	83	147,568	1.50%	147,568		0			3,237

(1)

Accumulation Balance is reduced by $50,000 that is converted into the Annuity Payout Value. CDSC’s and Premium tax have not been applied in this Example. If the $50,000 was instead commuted into a Commuted Value (assuming a hypothetical discount rate of 6%), the Commuted Value would be $32,294. The remaining Accumulation Balance can be converted into Annuity Payout Value at a later date for additional Personal Pension Account Payouts.


(2)	These Personal Pension Account Payouts shall continue for the life of the Annuitant, Owner or joint Owner pursuant to AnnuityPayout Option Two.

APP A-9

Example 2: Subsequent Personal Pension Account Deposits

Assume a $100,000 initial Personal Pension Account Contribution was made at a time when we declared a hypothetical credited rate of 4% and that a $15,000 subsequent Personal Pension Account Contribution was made when we declared a hypothetical credited rate of 3.75%. Your Benefit Balance would increase as follows:



Age		Personal Pension Account Contribution	Credited Rate		Personal Pension Account Contribution	Credited Rate	Total Benefit Balance
55	First Deposit	$100,000		Second Deposit			$100,000
56			4.00%				104,000
57			4.00%				108,160
58			4.00%				112,486
59			4.00%		$15,000		131,986
60			4.00%			3.75%	137,228
61			4.00%			3.75%	142,678
62			4.00%			3.75%	148,345
63			4.00%			3.75%	154,237
64			4.00%			3.75%	160,362
65			4.00%			3.75%	166,732

Example 3a: Benefit Balance Transfer (In-bound)

The following example illustrates the impact on various values associated to the contract when a transfer from the Sub-Accounts to the Personal Pension Account occurs. Assume that the Owner deposits $100,000 in the Sub-Accounts and then elects to transfer $5,000 from the Sub-Accounts to the Personal Pension Account in which event:



	Transfer from Sub-Accounts to the Personal Pension Account
	Before Value		After Value
Sub-Account Value (assumed)	$	130,000	$	125,000
Remaining Gross Premium	$	100,000	$	100,000
Return of Premium II Withdrawal Limit	$	0	$	0
Maximum Anniversary Value Withdrawal Limit	n/a		n/a
Return of Premium II Death Benefit	$	100,000	$	96,153.85
Maximum Anniversary Value Death Benefit - Anniversary Value (Before Value is assumed)	$	107,000	$	102,884.62
Maximum Anniversary Value Death Benefit - Premium Payments	$	100,000	$	96,153.85
Benefit Balance	$	0	$	5,000


•	The Sub-Account Value is reduced by the amount of the transfer ($5,000).


•	The Remaining Gross Premium associated to the Sub-Accounts is not reduced by the amount of the transfer as Remaining Gross Premium is only reduced for Surrenders or transfers in excess of the Annual Withdrawal Amount.


•	As a result of the transfer, the Return of Premium III Death Benefit is reduced by a factor. The $5,000 transfer results in a factor of 0.961538462 being applied to Premium Payments. The factor of 0.961538462 is derived by 1-($5,000 Transfer / Contract Value Prior to the Transfer $130,000).


•	As a result of the transfer, the Maximum Anniversary Value III Anniversary Value and Premium Payments are both reduced by a factor. The $5,000 transfer results in a factor of 0.961538462 being applied to Premium Payments. The factor of 0.961538462 is derived by 1-($5,000 Transfer / Contract Value Prior to the Transfer $130,000).


•	Assume there were no sums previously invested in the Personal Pension Account. The Benefit Balance is increased by the amount of the transfer ($5,000).

APP A-10

Example 3b: Benefit Balance Transfer (Out-bound)

The following example illustrates the impact on various values associated to the Contract when a transfer from the Personal Pension Account to the Sub-Accounts occurs. Assume that the Owner makes a Personal Pension Account Contribution of $100,000 into the Personal Pension Account and then elects to transfer the maximum available transfer from the Personal Pension Account to the Sub- Accounts. The out-bound transfer restriction considers the following factors:



End of Year	Maximum of A, B, C	A	B	C
1	$4,120	$4,120	$3,000	$	0
2	$4,120	$4,073	$2,966	$	4,120

Where,


•	Column A equals 4% of the Accumulation Balance as of the prior Contract Anniversary. Assume that the $100,000 Personal Pension Account Contribution earns a credited interest rate of 3%.


•	Column B equals the amount of interest credited to the Accumulation Balance over the most recent full Contract Year.


•	Column C equals the amount of Accumulation Balance transferred to Contract Value during the most recent full Contract Year.



	Transfer from Personal Pension Account to the Sub-Accounts End of Year 1
	Before Value		After Value
Sub-Account Value (assumed)	$	104,000	$	108,120
Remaining Gross Premium	$	100,000	$	104,000
Annual Withdrawal Amount	$	5,000	$	5,206
Return of Premium III	$	100,000	$	104,120
Maximum Anniversary Value III - Anniversary Value (Before Value is assumed)	$	100,000	$	104,120
Maximum Anniversary Value III - Premium Payments	$	100,000	$	104,120
Benefit Balance	$	103,000	$	98,880


•	The Benefit Balance is reduced by the amount of the transfer ($4,120).


•	The Remaining Gross Premium associated to the Sub-Accounts is increased by the proportional amount of the Contributions to the Personal Pension Account by a factor determined by the amount of the transfer from the PPA relative to the Accumulation Balance ($100,000 × [$4,120/$103,000] = $4,000).


•	The Return of Premium III Death Benefit is increased dollar for dollar for the amount of the transfer ($4,120).


•	The Maximum Anniversary Value III Anniversary Value and Premium Payments are both increased dollar for dollar for the amount of the transfer ($4,120).


•	The Sub-Account Value is increased by the amount of the transfer ($4,120).

Example 4a: Full Commutation with Commuted Value

Assume that the Owner desires to start taking all Personal Pension Account Payouts and then fully commute the Personal Pension Account Payouts in year 20, which is outside of their Guarantee Window. For the purposes of this Example, the Contract Owner chose a Target Income Age of 64. The Owner does not terminate their Contract and therefore Personal Pension Account Payouts will resume after the Guaranteed Payout Duration (assuming that all relevant persons are alive). Also, assume that the initial Personal Pension Account Contribution is equal to $100,000 and no Premium Payments have been invested in the Fixed Accumulation Feature or Sub-Accounts.



	Contract Year	Age	Benefit Balance		Accumulation Balance		Credited Rate	Annuity Payout Value		Payout Rates (per 1000)(1)	Commuted Value	Payouts
	0	60	$	100,000	$	100,000	5.00%	$	0	61.68
	1	61	105,000		105,000		5.00%	0		61.99		$	0
	2	62	110,250		110,250		5.00%	0		62.33		0
	3	63	115,763		115,763		5.00%	0		62.72		0
Guarantee Window	4	64	121,551		121,551		5.00%	0		63.16		0
Guarantee Window	5	65	127,628		127,628		5.00%	0		63.65		0
	6	66	134,010		134,010		5.00%	0		64.17		0

APP A-11



7	67	140,710	140,710	5.00%	0	64.73		0
8	68	147,746	147,746	5.00%	0	65.31		0
9	69	155,133	155,133	5.00%	0	65.91		0
10	70	162,889	162,889	3.00%	0	66.56		0
11	71	167,776	167,776	3.00%	0	69.14		0
12	72	172,809	172,809	3.00%	0	71.94		0
13	73	177,994	177,994	3.00%	0	74.99		0
14	74	183,334	183,334	3.00%	0	78.32		0
15	75	188,834	188,834	3.00%	0	81.96		0
16	76	194,499	194,499	3.00%	0	85.92		0
17	77	200,333	200,333	3.00%	0	90.11		0
18	78	206,343	206,343	3.00%	0	94.63		0
19	79	212,534	212,534	3.00%	0	99.55		0
20	80	218,910	0(2)	1.50%	218,910	105.02(6)	$156,367(5)	0(4)
21	81	n/a	n/a	n/a(3)	n/a	n/a	n/a	n/a
22	82	n/a	n/a	n/a	n/a	n/a	n/a	n/a
23	83	n/a	n/a	n/a	n/a	n/a	n/a	n/a
24	84	n/a	n/a	n/a	n/a	n/a	n/a	n/a
25	85	n/a	n/a	n/a	n/a	n/a	n/a	n/a
26	86	n/a	n/a	n/a	n/a	n/a	n/a	n/a
27	87	n/a	n/a	n/a	n/a	n/a	n/a	n/a
28	88	n/a	n/a	n/a	n/a	n/a	n/a	n/a
29	89	n/a	n/a	n/a	n/a	n/a	n/a	22,989(7)
30	90	n/a	n/a	n/a	n/a	n/a	n/a	22,989(7)

(1)

Payout Rates are only guaranteed if Personal Pension Account Payouts begin within the Guarantee Window. Payouts that begin outside the Guarantee Window are generally established using rates set at our discretion, subject to the terms of your Contract. We cannot speculate what payout rates could be when commencing Personal Pension Account Payouts outside of the Guarantee Window. These rates may be as high as, but will never be greater than, the payout rates guaranteed for Personal Pension Account Payouts we set at the time of your Personal Pension Account Contributions. Payout amounts will be no lower than the non-forfeiture amount described in the Owner’s contract.


(2)	The Accumulation Balance is depleted to $0 based on being converted to Annuity Payout Value. CDSCs and Premium tax are not shown in this Example.


(3)	Interest is no longer credited under the Personal Pension Account.

(4)

The Personal Pension Account Payout is derived by multiplying the Annuity Payout Value by the payout rate applicable to the year in which commutation is requested and dividing by 1,000. In this case, $218,910*$105.02/1,000 = $22,989. However, in this example, Personal Pension Account Payouts are commuted and paid to the Owner in one lump sum. Life contingent Personal Pension Account Payouts may resume after the Guarantee Payout Duration if the Annuitant and Owner are living and have not terminated the Contract as illustrated in years 29 and 30.

(5)

The Commuted Value depicted is based on commutation of the Annuity Payout Value (in this Example, is the same as the Benefit Balance because this is a full commutation) of $218,910 using a hypothetical discount rate of 6%. The Commuted Value is equal to the present value of the Personal Pension Account Payout(s) associated with the Annuity Payout Value over the Guaranteed Payout Duration (i.e., $218,910/$22,989, rounded down = 9 years) calculated using this discount rate.


(6)	Hypothetical Payout Rate used because Personal Pension Accounts and subsequent commutation occur outside of the Guarantee Window.


(7)	Lifetime Personal Pension Account Payouts resume because in this Example the Annuitant is still living. The Owner would give up these lifetime Personal Pension Account Payouts if he or she terminated the Contract.

APP A-12

Example 4b: Partial Commutation with Commuted Value

Assume that the Owner desires to start taking Personal Pension Account Payouts and commute half of the Personal Pension Account Payouts in year 20, which is outside of their Guarantee Window. In this Example, the Guarantee Window is represented by the shaded area in years 1 though 7. Year 20 “Before” illustrates how the Annuity Payout Value is split in half to serve as the basis for Personal Pension Account Payouts and the Commuted Value. Year 20 “After” illustrates the amounts paid to the Owner in the form of Personal Pension Account Payouts and Commuted Value. The Owner does not terminate their Contract and therefore Personal Pension Account Payouts will resume after the Guaranteed Payout Duration (assuming that all relevant persons are alive). The Guaranteed Payout Duration in this Example is illustrated as the shaded rows corresponding to Contract Years 20 through 28. Assume the initial Deposit is equal to $100,000 and no sums are invested in the Fixed Accumulation Feature or Sub-Accounts.



Contract Year	Age	Benefit Balance		Accumulation Balance		Credited Rate	Annuity Payout Value 1		Annuity Payout Value 2		Commuted Value	Payout Rates (per 1000)(1)	Payouts
0	60	$	100,000	$	100,000	5.00%	$	0	$	0		61.68
1	61	105,000		105,000		5.00%	0		0			61.99	$	0
2	62	110,250		110,250		5.00%	0		0			62.33	0
3	63	115,763		115,763		5.00%	0		0			62.72	0
4	64	121,551		121,551		5.00%	0		0			63.16	0
5	65	127,628		127,628		5.00%	0		0			63.65	0
6	66	134,010		134,010		5.00%	0		0			64.17	0
7	67	140,710		140,710		5.00%	0		0			64.73	0
8	68	147,746		147,746		5.00%	0		0			65.31	0
9	69	155,133		155,133		5.00%	0		0			65.91	0
10	70	162,889		162,889		3.00%	0		0			66.56	0
11	71	167,776		167,776		3.00%	0		0			69.14	0
12	72	172,809		172,809		3.00%	0		0			71.94	0
13	73	177,994		177,994		3.00%	0		0			74.99	0
14	74	183,334		183,334		3.00%	0		0			78.32	0
15	75	188,834		188,834		3.00%	0		0			81.96	0
16	76	194,499		194,499		3.00%	0		0			85.92	0
17	77	200,333		200,333		3.00%	0		0			90.11	0
18	78	206,343		206,343		3.00%	0		0			94.63	0
19	79	212,534		212,534		3.00%	0		0			99.55	0
20 Before	80	218,910		0(2)		1.50%	109,455(4)		109,455(4)
20 After	80	97,960		0(2)		n/a	97,960(5)		0		$78,185(7)	105.02(8)	11,495(6)
21	81	86,465		n/a		n/a(3)	86,465		0		n/a	n/a	11,495
22	82	74,970		n/a		n/a	74,970		0		n/a	n/a	11,495
23	83	63,475		n/a		n/a	63,475		0		n/a	n/a	11,495
24	84	51,980		n/a		n/a	51,980		0		n/a	n/a	11,495
25	85	40,485		n/a		n/a	40,485		0		n/a	n/a	11,495
26	86	28,990		n/a		n/a	28,990		0		n/a	n/a	11,495
27	87	17,495		n/a		n/a	17,495		0		n/a	n/a	11,495
28	88	6,000		n/a		n/a	6,000		0		n/a	n/a	11,495
29	89	0		n/a		n/a	0		0		n/a	n/a	22,989(9)
30	90	0		n/a		n/a	0		0		n/a	n/a	22,989
31	91	0		n/a		n/a	0		0		n/a	n/a	22,989


(1)	Payout Rates are only guaranteed if Personal Pension Account Payouts begin within the Guarantee Window. Personal Pension Account Payouts that begin outside the Guarantee Window are generally established using rates set at our discretion, subject to the terms of your Contract. We cannot speculate what payout rates could be when commencing

APP A-13

Personal Pension Account Payouts outside of the Guarantee Window. These rates may be as high as, but will never be greater than, the payout rates guaranteed for Personal Pension Account Payouts we set at the time of your Personal Pension Account Contributions. Payout amounts will be no lower than the non-forfeiture amount described in the Owner’s contract.


(2)	The Accumulation Balance is depleted to $0 based on all amounts being converted to Annuity Payout Value. CDSCs and Premium tax not shown in the Example.


(3)	Interest is no longer credited under the Personal Pension Account.

(4)

In year 20, the Owner elected to commute half of their Annuity Payout Value and receive the remaining half in the form of Personal Pension Account Payouts. Thus, the Accumulation Balance of $210,910 is split in half. $109,455 is converted into Annuity Payout Value and will serve as the basis for Personal Pension Account Payouts. The remaining $109,455 will serve as the basis for the Commuted Value calculation.


(5)	The Annuity Payout Value of $109,455 is reduced by the Personal Pension Account Payout of $11,495, leaving an Annuity Payout Value of $97,960 remaining.

(6)

The Personal Pension Account Payout is derived by multiplying the Annuity Payout Value by the appropriate payout rate and dividing by 1,000. In this case, $109,455*105.02/1,000 = $11,495. However, in this example, half of the Personal Pension Account Payouts are commuted and paid to the Owner in one lump sum. Life contingent Personal Pension Account Payouts may resume after the Guarantee Payout Duration if the Annuitant and Owner are living as illustrated in years 29, 30, and 31.

(7)

The Commuted Value depicted is based on commutation of half of the Annuity Payout Value, or $109,455, using a hypothetical discount rate of 6%. The Commuted Value is equal to the present value of the Personal Pension Account Payout(s) associated with the Annuity Payout Value over the remaining Guaranteed Payout Duration (i.e., $109,455/$11,495, rounded down = 9) calculated using the discount rate.


(8)	A hypothetical Payout Rate is used because Personal Pension Account Payouts and commutation occur outside of the Guarantee Window.

(9)

In this case, the lifetime Personal Pension Account Payouts for each Annuity Payout Value is $11,495 ($109,455*105.02/1000 = $11,495). When combined, these lifetime Personal Pension Account Payouts equal $22,989. Lifetime Personal Pension Account Payouts begin because in this Example the Annuitant is still living. The Owner would give up these lifetime Personal Pension Account Payouts if he or she terminated the Contract.

Example 5: Personal Pension Account Transfer Programs Effective October 3, 2014, the Personal Pension Account will be closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value), except for Contracts issued in CT, FL, NJ and WA.

The following examples illustrate automatic transfers of investment gains from Sub-Account(s) into the Personal Pension Account (PPA). The examples assume a $100,000 initial premium payment into the Sub-Account(s) with $10,000 initial Contribution into PPA. The examples illustrate the effect of these types of transfers on the components of the variable annuity Contract in varying market conditions. Annual Performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.


(a)	Fixed Dollar Amount Option

Under this option, the client indicates the specific dollar amount to be transferred and frequency of the transfers. The below illustrates an annual transfer of $5,000 with program election occurring at the time of Contract issue. As used below, “BOY” refers to the beginning of Contract Year.



Contract Year	Contract Value (BOY)		Contract Value (End of Year)		Annual Performance(1)	PPA - Benefit Balance(2) (BOY)		Total Death Benefit (BOY)		Transfer Amount
1	$	100,000.00	$	102,000.00	2.00%	$	10,000.00	$	112,000.00	$	5,000.00
2	$	97,000.00	$	100,000.00	3.09%	$	15,300.00	$	115,300.00	$	5,000.00
3	$	95,000.00	$	94,500.00	-0.53%	$	20,759.00	$	115,259.00	$	5,000.00
4	$	89,500.00	$	95,000.00	6.15%	$	26,381.77	$	121,381.77	$	5,000.00
5	$	90,000.00	$	98,000.00	8.89%	$	32,173.22	$	130,173.22	$	5,000.00
6	$	93,000.00	$	106,000.00	13.98%	$	38,138.42	$	144,138.42	$	5,000.00
7	$	101,000.00	$	104,000.00	2.97%	$	44,282.57	$	148,282.57	$	5,000.00
8	$	99,000.00	$	105,000.00	6.06%	$	50,611.05	$	155,611.05	$	5,000.00


(1)	The annual performance displayed applies only to the Contract Value. Annual Performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.


(2)	Annual interests of 3% was utilized in determining the Benefit Balance.

APP A-14


(b)	Investment Gains Option

Under this option, we will automatically transfer over any investment gains determined under the program on an annual basis into the Personal Pension Account. In this example the program was established at the time of Contract issue and there is fluctuating (positive and negative) market conditions. As used below, “BOY” refers to beginning of Contract Year and “EOY” refers to end of Contract Year.



Contract Year	Contract Value (BOY)		Contract Value (EOY)		Investment Gains(1)(2)		PPA Benefit Balance (BOY)		PPA Benefit Balance (EOY)(4)
1	$	100,000.00	$	99,000.00	—		$	10,000.00	$	10,300.00
2	99,000.00		101,000.00		$	1,000.00	10,300.00		11,609.00
3	100,000.00		95,000.00		—(3)		11,609.00		11,957.27
4	95,000.00		93,550.00		—		11,957.27		12,315.99
5	93,550.00		98,000.00		—		12,315.99		12,685.47
6	98,000.00		100,000.00		—		12,685.47		13,066.03
7	100,000.00		99,500.00		—		13,066.03		13,458.01
8	99,500.00		102,000.00		2,000.00		13,458.01		15,861.75


(1)	Investment Gains are determined by comparing the positive difference between your Anniversary Value and Starting Value adjusted for surrenders as of each Contract Anniversary. For example, in year 2, we compare the $100,000 PPA Benefit Balance to the Contract Value EOY $101,000.


(2)	Is the amount transferred to the Personal Pension Account.


(3)	No transfer to the Personal Pension Account occurs as there are no Investment Gains. (4) Annual credited interest rate of 3% was utilized in determining the Benefit Balance.


(c)	Investment Gains Option

Any optional death benefits elected on your contract would be impacted by the transfer of investment gains. Return of Premium III elected:



Contract Year	Contract Value (BOY)		Contract Value (VOY)		Investment Gains		ROP III Personal Pension Plan Transfer Limit Prior to Transfer		ROP III Death Benefit Premiums Prior to Transfer		ROP III Death Benefit Premiums After Transfer
1	$	100,000.00	$	99,000.00	—		$	5,000.00	$	100,000.00	$	100,000.00
2	99,000.00		101,000.00		$	1,000.00	5,000.00		100,000.00		99,000.00(1)

Maximum Anniversary Value III elected:



Contract Year	Contract Value (BOY)		Contract Value (VOY)		Investment Gains		MAV III Personal Pension Plan Transfer Limit Prior to Transfer		Anniversary Value Prior to Transfer		Anniversary Value at End of Each Contract Year
1	$	100,000.00	$	99,000.00	—		$	5,000.00	$	100,000.00	$100,000.00(2)
2	99,000.00		101,000.00		$	1,000.00	5,000.00		100,000.00		100,000.00(3)


(1)	Transfers to the Personal Pension Account up to the Personal Pension Account Transfer Limit impact the Return of Premium III Death Benefit by the amount transferred.


(2)	The Contract Year 1 Anniversary Value would also be adjusted to $99,000.00 due to the Year 2 $1,000 transfer.


(3)	Transfers to the Personal Pension Account up to the Personal Pension Account Transfer Limit impact the Maximum Anniversary Value III Death Benefit by the amount transferred. The $1,000 reduction is applied to the $101,000 Maximum Anniversary Value.


(d)	Income Path-Annual Transfer Schedule with Performance:

In this example, the Income Path program is established at the time of Contract issue. The current age of the Annuitant is 70, and the Target Income Age is 75; therefore, the length of time to the Target Income Age 5 years. The Starting Allocation elected is 60% Contract Value and 40% Personal Pension Account. The Target Allocation elected is 20% Contract Value and 80% Personal Pension Account. If there was no financial activity and flat annual performance, we would transfer 8.00% annually:

(Contract Value Starting Allocation - Contract Value Ending Allocation) / number of years from program start date to Target

APP A-15

Income Age

(60 - 20) / 5 = 8.00%


(e)	Income Path Annual Transfer Schedule with Performance:



		“Prior to Transfer” Percentages				Income Path Program Annual Allocation Percentage Targets				Actual Transfer from CV to PPA: Percentage		“After Transfer” Percentages
Contract Year	Annual Contract Value Performance (1)	Contract Value		PPA - Benefit Balance		Contract Value		PPA - Benefit Balance		Transfer of Contract Value %		Contract Value		PPA - Benefit Balance
0		60.0	%	40.00	%	60.0	%	40.00	%			60.0	%	40.00	%
1	-0.07	57.53	%	42.47	%	56.67%(2)		43.33	%	0.86%(3)		56.67	%	43.33	%
2	-0.14	52.20	%	47.80	%	53.34	%	46.66	%	0%(4)		52.20	%	47.80	%
3	0.079	53.36	%	46.64	%	50.01	%	49.99	%	3.35	%	50.01	%	49.99	%
4	0.081	51.22	%	48.78	%	46.67	%	53.33	%	4.55	%	46.67	%	53.33	%
5	0.066	47.53	%	52.47	%	43.32	%	56.68	%	4.21	%	43.32	%	56.68	%
6	-0.024	42.00	%	58.00	%	40.00	%	60.00	%	2.00	%	40.00	%	60.00	%


(1)	The annual performance displayed applies only to the Contract Value. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.


(2)	Calculated as follows: Previous year Contract Value percentage − (Starting Allocation - Ending Allocation) / # of years from program start date to Target


(3)	Income Age: 60.00% - (60 − 40) / 6 = 56.67.0%


(4)	Calculated as follows: Contract Value “Prior to Transfer” Percentage - Contract Value Percentage Target: 57.53% - 56.67% = 0.86%


(5)	No transfer occurs because the current allocation exceeds the Target Allocation for that year.

Maximum Anniversary Value III Examples

This Death Benefit is equal to the greatest of A, B or C, where:

A = Contract Value (minus Distribution Charges, if applicable);

B = Premium Payments adjusted for partial Surrenders; and

C = Maximum Anniversary Value.

Maximum Anniversary Value III Example 1:

Assume your initial Premium Payment is $100,000.



Contract Year	Contract Value(3)(4) "A"		Personal Pension Account Transfer Limit(5)	Total Premium Payments (adjusted by Surrenders) "B"	Contract Value Performance(4)		Anniversary Value(2)		Maximum Anniversary Value at End of Each Contract Year “C”		Guaranteed Minimum Death Benefit at End of Each Contract Year Greatest of “A”, “B”, and “C”
0	$	100,000.00	$5,000.00	$100,000.00	0.00	%	—		—		$100,000.00
1	102,120.00		5,106.00	100,000.00	2.12	%	$	102,120.00	$	102,120.00	102,120.00
2	107,001.34		5,350.07	100,000.00	4.78	%	107,001.34(1)		107,001.34		107,001.34
3	105,663.82		5,350.07	100,000.00	-1.25	%	105,663.82		107,001.34		107,001.34
4	96,259.74		5,350.07	100,000.00	-8.90	%	96,259.74		107,001.34		107,001.34
5	106,424.77		5,350.07	100,000.00	10.56	%	106,424.77		107,001.34		107,001.34


(1)	Is the highest Anniversary Value and therefore is the Maximum Anniversary Value (MAV).


(2)	Anniversary Value each year is first established as the Contract Value on that Anniversary and is later be adjusted by subsequent Premium Payments transfers to and from the Personal Pension Account and Partial Surrenders, if applicable.


(3)	Does not reflect a Distribution Charge, if applicable.


(4)	Assumes annual performance on the Contract Value. Annual Performance is only shown for illustration purposes, and

APP A-16

is not indicative of the performance you have achieved or will achieve under the rider.


(5)	The Transfer Limit set at each Contract Anniversary will equal 5% of the greater of Premium Payment(s) or Maximum Anniversary Value.

Maximum Anniversary Value III Example 2:

Assume your initial Premium Payment is $100,000. At the end of Contract Year 2 you apply a subsequent Premium Payment of $50,000. In Contract Year 3 you transfer $7,850.07, an amount equal to the PPA Transfer Limit, to the Personal Pension Account. In Contract Year 5 you take a partial Surrender for $10,000.



Contract Year	Contract Value(6)(8) "A"	PPA Transfer Limit(10)	Total Premium Payments (adjusted by Surrenders) "B"		Anniversary Value(5)	Maximum Anniversary Value at End of Each Contract Year(8) “C”		Death Benefit at End of Each Contract Year Greatest of “A”, “B”, and “C”
0	$100,000.00	$5,000.00	$	100,000.00	—	—		$	100,000.00
1	102,120.00	5,000.00	100,000.00		$133,988.73(1)(3)(4)	$	102,120.00	102,120.00
2	157,001.34	5,106.00	150,000.00(2)		138,522.21(1)(3)(4)(7)	157,001.34		157,001.34
3	147,188.75	7,850.07	142,149.93(9)		136,699.53(3)	149,151.27		149,151.27
4	134,088.95	7,457.56	142,149.93		124,533.29(3)	149,151.27		149,151.27
5	130,324.09	7,457.56	132,019.81(3)		130,324.09	138,522.21		138,522.21(7)


(1)	The Year 1 & 2 Anniversary Values are adjusted by the subsequent Premium Payment of $50,000.


(2)	Premium Payments of $100,000 are adjusted by the subsequent Premium Payment of $50,000.


(3)	The $10,000 partial Surrender results in a factor of 0.928736397 being applied to Premium Payments as well as all previous Anniversary Values. The factor of 0.928736397 is derived by 1-(partial Surrender $10,000 / Contract Value prior to Surrender $140,324.09).


(4)	The $7,850.07 transfer to the Personal Pension Account results in a dollar-for-dollar reduction to Premium Payments as well as all previous Anniversary Values.


(5)	Anniversary Value each year is first established as the Contract Value on that Anniversary and is later be adjusted by subsequent Premium Payments, transfers to and from the Personal Pension Account and partial Surrenders, if applicable.


(6)	Does not reflect a Distribution Charge, if applicable.


(7)	Is the Maximum Anniversary Value as adjusted by subsequent Premium Payments, transfers to and from the Personal Pension Account and partial Surrenders.


(8)	Assumes annual performance on the Contract Value, as well as subsequent Premium Payment, transfers to and from the Personal Pension Account and partial Surrender activity. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.


(9)	Premium Payments of $150,000 are adjusted by the transfer to the Personal Pension Account of $7,850.07.


(10)	The Transfer Limit set at each Contract Anniversary will equal 5% of the greater of Premium Payment(s) or Maximum Anniversary Value.

APP A-17

Maximum Anniversary Value III Example 3:

Assume the same facts as the example above, except that in Contract Year 3 you transfer $10,000, an amount in excess of the Personal Pension Account Transfer Limit, to the Personal Pension Account.



Contract Year	Contract Value "A" (6)(8)		Personal Pension Account Transfer Limit(10)		Premium Payments "B"		Anniversary Value(5)	Maximum Anniversary Value at End of Each Contract Year(8) “C”		Minimum Guaranteed Death Benefit at End of Each Contract Year Greatest of “A”, “B”, and “C”
0	$	100,000.00	$	5,000.00	$	100,000.00	—	—		$	100,000.00
1	102,120.00		5,000.00		100,000.00		$ 132,558.95(1)(3)(4)	$	102,120.00	102,120.00
2	157,001.34		5,106.00		150,000.00(2)		136,343.61(1)(3)(4)(7)	157,001.34		157,001.34
3	145,038.82		7,850.07		140,073.60(9)		134,549.62(3)	146,972.67		146,972.67
4	132,130.36		7,348.63		140,073.60		122,574.70(3)	146,972.67		146,972.67
5	128,274.43		7,348.63		129,943.48(3)		128,274.43	136,343.61		136,343.61(7)


(1)	The Year 1 & 2 Anniversary Values are adjusted by the subsequent Premium Payment of $50,000.


(2)	Premium Payments of $100,000 are adjusted by the subsequent Premium Payment of $50,000.


(3)	The $10,000 partial Surrender results in a factor of 0.927680047 being applied to Premium Payments as well as all previous Anniversary Values. The factor of 0.927680047 is derived by 1-(partial Surrender $10,000 / Contract Value prior to Surrender $138,274.43).

(4)

The $10,000 transfer to the Personal Pension Account results in a dollar for dollar reduction to Premium Payments as well as all previous Anniversary Values up to the PPA Transfer Limit of $7,850.07 and then a factor of 0.985393359 is applied. The factor of 0.985393359 is derived by 1-(A/(B-C)) where A is the amount transferred in excess of the Personal Pension Account Transfer Limit $2,149.93; B is the Contract Value Prior to the Transfer $155,038.82; and C is the PPA Transfer Limit less any previous transfers to the Personal Pension Account that contract year $7,850.07.


(5)	Anniversary Value each year is first established as the Contract Value on that Anniversary and is later adjusted by subsequent Premium Payments, transfers to and from the Personal Pension Account Personal Pension Account, and Partial Surrenders, if applicable.


(6)	Does not reflect a Distribution Charge, if applicable.


(7)	Is the Maximum Anniversary Value as adjusted by subsequent Premium Payments, transfers to/from Personal Pension Account, and partial Surrenders.


(8)	Assumes annual performance on the Contract Value, as well as subsequent Premium Payment, transfer to/from Personal Pension Account, and partial Surrender activity. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.


(9)	Premium Payments of $150,000 are adjusted by the transfer to the Personal Pension Account of $10,000.


(10)	The Transfer Limit set at each Contract Anniversary will equal 5% of the greater of Premium Payment(s) or Maximum Anniversary Value.

Maximum Anniversary Value III Example 4:

Maximum Anniversary Value III Rider Charge Example

Assume the Maximum Anniversary Value is $102,120.00 and Premium Payments is $100,000. The current rider charge is 0.75%.

The current rider charge is assessed on the greater of the Maximum Anniversary Value or Premium Payments; therefore, the rider charge is $765.90, or $102,120 x 0.75%.

Maximum Anniversary Value III Example 5:

A proportional reduction, in the form of a factor, is applied when a transfer to the Personal Pension Account in excess of the Transfer Limit occurs or when a partial Surrender is made.

APP A-18

The formula to calculate the proportional factor is 1 - ( A / B ), where:

A = The amount of the Surrender or transfer that exceeds a permissible limit, and

B = The Contract Value immediately prior to the transaction.

This example illustrates the impact of a transfer to the Personal Pension Account in excess of the Personal Pension Account Transfer Limit on the Maximum Anniversary Value III optional death benefit. Assume an amount equal to the Personal Pension Account Transfer Limit has already been transferred during the Contract year, and an additional amount of $10,000 is transferred to the Personal Pension Account during the same Contract year. Assume there have been no Surrenders and no prior excess transfers to the Personal Pension Account.

Values immediately prior to the partial Surrender:


•	Your Contract Value is $140,000.


•	Your total Premium Payments are $120,000.


•	Your Maximum Anniversary Value III component of your death benefit is $150,000.


•	Your Personal Pension Account Benefit Balance is $6,000.

The factor for this transaction is 0.928571 and was derived from: 1 - (10,000/140,000).

Values after the partial Surrender:


•	Your Contract Value is $130,000.


•	Your total Premium Payments are $120,000.


•	Your Premium Payments adjusted for partial Surrenders and excess transfers to the PPA are $111,429.


•	Your Maximum Anniversary Value III component of your death benefit is $139,286.


•	Your Personal Pension Account Benefit Balance is $16,000.

Return of Premium III Examples

Return of Premium III Example 1: Assume your initial Premium Payment is $100,000. In Contract Year 2 you apply a subsequent Premium Payment of $50,000. In Contract Year 3 you transfer $7,500.00, an amount equal to the Personal Pension Account Transfer Limit, to the Personal Pension Account. In Contract Year 5 you take a partial Surrender for $10,000.



Contract Year	Contract Value(3)(4)	Personal Pension Account Transfer Limit(6)	Premium Payments		Guaranteed Minimum Death Benefit at End of Each Contract Year
0	$100,000.00		$	100,000.00	$100,000.00
1	102,120.00	$5,000.00	100,000.00		102,120.00
2	157,001.34	5,000.00	150,000.00(1)		157,001.34
3	147,538.82	7,500.00	142,500.00(5)		147,538.82
4	134,407.86	7,125.00	142,500.00		142,500.00
5	130,657.83	7,125.00	132,369.03(2)		132,369.03


(1)	Premium Payments of $100,000 are adjusted by the subsequent Premium Payment of $50,000.


(2)	The $10,000 partial Surrender results in a factor of 0.928905486 being applied to Premium Payments. After multiplying the factor of 0.928905486 to $142,500, the adjusted Premium Payments equal $132,369.03. The factor of 0.928905486 is derived by 1-(partial Surrender $10,000 / Contract Value prior to Surrender $140,657.83).


(3)	Does not reflect a Distribution Charge, if applicable.


(4)	Assumes annual performance on the Contract Value, as well as subsequent Premium Payment and Partial Surrender activity.


(5)	Premium Payments of $150,000 are adjusted by the transfer to the Personal Pension Account of $7,500.00.


(6)	The Transfer Limit set at each Contract Anniversary will equal 5% of Premium Payment(s).

Return of Premium III Example 2: Assume the same facts as the example above, except that in Contract Year 3 you transfer $10,000, an amount in excess of the PPA Transfer Limit, to the Personal Pension Account.

APP A-19



Contract Year	Contract Value(3)(4)	Personal Pension Account Transfer Limit(6)	Premium Payments		Minimum Guaranteed Death Benefit at End of Each Contract Year
0	$100,000.00		$	100,000.00	$100,000.00
1	102,120.00	$5,000.00	100,000.00		102,120.00
2	157,001.34	5,000.00	150,000.00(1)		157,001.34
3	145,038.82	7,500.00	140,085.38(5)		145,038.82
4	132,130.36	7,004.27	140,085.38		140,085.38
5	128,274.43	7,004.27	129,954.41(2)		129,954.41


(1)	Premium Payments of $100,000 are adjusted by the subsequent Premium Payment of $50,000.


(2)	The $10,000 partial Surrender results in a factor of 0.928905486 being applied to Premium Payments. After multiplying the factor of 0.927680047 to $140,085.38, the adjusted Premium Payments equal $129,954.41. The factor of 0.927680047 is derived by 1-(partial Surrender $10,000 / Contract Value prior to Surrender $138,274.43).


(3)	Does not reflect a Distribution Charge, if applicable.


(4)	Assumes annual performance on the Contract Value, as well as subsequent Premium Payment and partial Surrender activity.

(5)

The $10,000 transfer to the Personal Pension Account results in a dollar for dollar reduction to Premium Payments as well as all previous Anniversary Values up to the Personal Pension Account Transfer Limit of $7,500 and then a factor of 0.983055307 is applied. The factor of 0.983055307 is derived by 1-(A/(B-C)) where A is the amount transferred in excess of the Personal Pension Account Transfer Limit $2,500; B is the Contract Value prior to the transfer $155,038.82; and C is the Personal Pension Account Transfer Limit less any previous transfers to the Personal Pension Account that contract year $7,500.


(6)	The Transfer Limit set at each Contract Anniversary will equal 5% of Premium Payment(s).

Return of Premium III Example 3:

A proportional reduction, in the form of a factor, is applied when a transfer to the Personal Pension Account in excess of the Transfer Limit occurs or when a partial Surrender is made.

The formula to calculate the proportional factor is 1 - ( A / B ), where:

A = The amount of the surrender or transfer that exceeds a permissible limit, and

B = The contract value immediately prior to the transaction.

This example illustrates the impact of a partial Surrender on Return of Premium III in a down market. Assume a partial Surrender taken in Contract Year 2 equals $5,000. All Surrenders reduce your Return of Premium III death benefit value on a proportional basis.

Values immediately prior to the partial Surrender:


•	Your Contract Value is $85,000.


•	Your total Premium Payments are $100,000.


•	Your Return of Premium death benefit value is $100,000.

The factor for this transaction is 0.941176 and was derived from: 1 - (5,000/85,000).

Values after the partial Surrender:


•	Your Contract Value is $80,000.


•	Your total Premium Payments are $100,000.


•	Your Return of Premium death benefit value is $94,118.

APP A-20

Safety Plus Examples:

Safety Plus Example 1: Assume your initial Premium Payment is $100,000. Prior to your first Contract Anniversary, you apply a subsequent Premium Payment of $50,000. In Contract Year 3 you apply an additional subsequent Premium Payment of $15,000.



Contract Year	Contract Value(3)(4)		Premium Payments		Guaranteed Accumulation Benefit		Credit to Contract Value, if any
0	$	100,000.00	$	100,000.00	$	100,000.00
0.5	145,000.00		150,000.00		150,000.00(1)
1	146,450.00		150,000.00		150,000.00
2	158,166.00		150,000.00		150,000.00
3	182,655.96(2)		165,000.00(2)		150,000.00(2)
4	160,737.24		165,000.00		150,000.00
5	152,700.38		165,000.00		150,000.00
6	166,443.42		165,000.00		150,000.00
7	174,765.59		165,000.00		150,000.00
8	157,289.03		165,000.00		150,000.00
9	143,133.02		165,000.00		150,000.00
10	135,976.37		165,000.00		$	150,000.00	$ 14,023.63(5)


1.	The Guaranteed Accumulation Benefit of $100,000 is adjusted by the subsequent Premium Payment in the first contract year of $50,000.


2.	The Guaranteed Accumulation Benefit of $150,000 is not adjusted by the subsequent Premium Payment in the third contract year of $15,000.


3.	Does not reflect a Distribution Charge, if applicable.


4.	Assumes annual performance on the Contract Value, as well as subsequent Premium Payment activity.


5.	On Rider Maturity Date, a credit equal to the difference in the Contract Value and the Guaranteed Accumulation Benefit is applied to the Contract Value to bring the Contract Value equal to the Guaranteed Accumulation Benefit $150,000.

Safety Plus Example 2: Assume your initial Premium Payment is $100,000. In Contract Year 1 you transfer $5,000, an amount equal to the Personal Pension Account Transfer Limit, to the Personal Pension Account. After the Rider Maturity Date, but prior to the eleventh Contract Anniversary, you transfer an amount equal to your Contract Value to the Personal Pension Account.



Contract Year	Contract Value(2)(3)		Guaranteed Accumulation Benefit		Credit to Contract Value, if any	PPA Accumulation Balance(5)
0	$	100,000.00	$	100,000.00		$	5,000.00
1	90,950.00		95,000.00(1)			5,150.00
2	98,226.00		95,000.00			5,304.50
3	104,119.56		95,000.00			5,463.64
4	91,625.21		95,000.00			5,627.54
5	87,043.95		95,000.00			5,796.37
6	94,877.91		95,000.00			5,970.26
7	99,621.80		95,000.00			6,149.37
8	105,101.00		95,000.00			6,333.85
9	98,689.84		95,000.00			6,523.87
10	95,729.15		95,000.00		$ 0.00(4)	6,719.58
11	0.00		$	0.00		111,064.35(6)


(1)	The Guaranteed Accumulation Benefit of $100,000 is adjusted by the transfer to the PPA in the first contract year of $5,000.


(2)	Does not reflect a Distribution Charge, if applicable.


(3)	Assumes annual performance on the Contract Value, as well as transfer to the Personal Pension Account activity.

APP A-21


(4)	On the Rider Maturity Date, a credit is not applied to the Contract Value since the Contract Value exceeds the GMAB.


(5)	Assumes a credited rate of 3% is applied to the Personal Pension Account Accumulation Balance.

(6)

An amount equal to $104,344.77 is transferred to the Personal Pension Account; this amount is equal to the entire Contract Value and assumes investment performance of 9.0% since the 10th Contract Anniversary. $95,000 of the total $104,344.77 transferred will receive Maximum Guaranteed Payout Purchase Rates with a one-time increase to the Purchase Rate (referred to as an Income Enhancer). The remaining $9,344.77 transferred will receive then current Maximum Guaranteed Payout Purchase Rates.

Safety Plus Example 3: Assume an initial contribution of $100,000, and during Contract year 4 you make a partial Surrender of $7,000.



Contract Year	Contract Value(1)(2)		Partial Surrender		Guaranteed Accumulation Benefit
0	$	100,000	—		$	100,000
1	93,000		—		100,000
2	84,630		—		100,000
3	88,862		—		100,000
4	94,193		$	7,000	92,568(2)
5	97,961		—		92,568
6	96,002		—		92,568
7	102,722		—		92,568
8	110,940		—		92,568
9	105,393		—		92,568
10	106,447		—		92,568(3)


(1)	Does not reflect a Distribution Charge, if applicable


(2)	The partial Surrender of $7,000 reduces the GMAB by a factor of 0.925685, The factor is derived from 1 - ($7,000 / $94,193).


(3)	Because the Guaranteed Accumulation Benefit is less than the Contract Value on the 10th Anniversary, there would be no adjustment applied. The Safety Plus rider would subsequently terminate.

Safety Plus Example 4:

A proportional reduction, in the form of a factor, is applied when a transfer to the Personal Pension Account in excess of the Transfer Limit occurs or when a partial Surrender is made. The formula to calculate the proportional factor is 1 - (A / B), where:

A = The amount of the surrender or transfer that exceeds a permissible limit, and

B = The Contract Value immediately prior to the transaction.

This example illustrates the impact of a partial surrender on the Safety Plus rider in a down market. Assume a partial Surrender taken in Contract Year 4 equals $8,000. All surrenders reduce the Guaranteed Accumulation Benefit value on a proportional basis.

Values immediately prior to the partial Surrender:


•	Your Contract Value is $90,000.


•	Your total Premium Payments are $100,000.


•	Your Guaranteed Accumulation Benefit value is $100,000.

The factor for this transaction is 0.911111 and was derived from: 1 - (8,000/90,000).

Values after the partial Surrender:


•	Your Contract Value is $82,000.


•	Your total Premium Payments are $100,000.


•	Your Guaranteed Accumulation Benefit value is $91,111.

Future5 and Future6 Examples

Future 5 and Future6 operate similarly except vary by Deferral Bonus, fees and investment restrictions. The following benefit features illustrated below apply to Future5 and Future6 interchangeably.

Future5 and Future6 Example 1: Assume your initial Premium Payment is $100,000. Your Contract Value, Payment Base and Bonus Base are all equal to $100,000. You have elected Future5 - Single Life, and based on your age of 60 you initial

APP A-22

Withdrawal Percent is at 4%. In years 7, 9, 11 and 12 you take partial Surrender of the amount equal to your available Lifetime Benefit Payment. In year 10, you take a partial Surrender of $10,000.



Contract Year	Age	Contract Value(1)(7)		Deferral Bonus		Withdrawal Percent	Lifetime Benefit Payment		Surrender Amount		Payment Base at End of Each Contract Year		Bonus Base at End of Each Contract Year
0	60	$	100,000	$	0	4%	$	4,000	$	0	$	100,000	$	100,000
1	61	93,930		5,000		4%	4,200		0		105,000(2)		100,000
2	62	101,632		5,000		4%	4,400		0		110,000		100,000
3	63	106,694		5,000		4%	4,600		0		115,000		100,000
4	64	118,408		5,000		4%	4,800		0		120,000		100,000
5	65	125,726		5,000		5%	6,286(4)		0		125,726(3)		125,726(3)
6	66	137,306		6,286		5%	6,865		0		137,306		137,306
7	67	127,722		6,865		5%	7,209		7,209(5)		144,171		0(5)
8	68	126,683		0		5%	7,209		0		144,171		0
9	69	134,538		0		5%	7,209		7,209		144,171		0
10	70	138,025		0		5%	7,209		10,000(6)		141,094(6)		0
11	71	140,955		0		5%	7,055		7,055		141,094		0
12	72	141,319		0		5%	7,066		7,066		141,319		0


(1)	Assumes annual performance on the Contract Value and Partial Surrender activity. Annual Performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.


(2)	The Deferral Bonus is applied to the Payment Base on Contract Anniversaries 1, 2, 3 and 4.


(3)	Applies a Market Increase to the Payment Base and the Bonus Base on Contract Anniversaries 5 and 6 because the Contract Value exceeds the Deferral Bonus.


(4)	The Lifetime Benefit Payment increases as the result of the increases in the Payment Base. Additionally, because no Surrenders have been taken, the Withdrawal Percent increases to 5% upon attaining the age of 65.


(5)	A partial Surrender equal to the Lifetime Benefit Payment does not impact the Payment Base or Lifetime Benefit Payment, but as the first Surrender it resets the Bonus Base to $0 and there are no subsequent Deferral Bonus opportunities.


(6)	A partial Surrender of $10,000 is in excess of the Lifetime Benefit Payment; the Payment Base is reset by a factor of 0.97866121 derived from 1 - ($2,791 / ($138,025 - $7,209)).


(7)	Does not reflect a Distribution Charge, if applicable.

Future5 and Future6 Example 2: Assume the election of Future5 and Maximum Anniversary Value III, with an initial Premium Payment of $100,000 at age 65. In Contract Year 2, a transfer to the Personal Pension Account equal to the Transfer Limit occurs. In Contract Year 4, a transfer in excess of the Transfer Limit occurs.



Contract Anniversary	Contract Value(1)		Future5 Payment Base at Beginning of Each Contract Year	MAV III Death Benefit at Beginning of Each Contract Year	PPA Transfer Limit / LBP(2)	Transfer to PPA		Future5 Payment Base at End of Each Contract Year		MAV III Death Benefit at End of Each Contract Year
0	$	100,000	$100,000	$100,000	$5,000	$	0	$	100,000	$	100,000
1	93,930		105,000	100,000	5,250	0		105,000		100,000
2	101,632		110,000	101,632	5,500	5,500(3)		104,500		96,132
3	100,920		109,500	100,920	5,475	0		109,500		100,920
4	112,001		114,500	112,001	5,725	10,000(4)		104,399(4)		102,001(4)
5	108,304		108,304	108,304	5,415	0		108,304		108,304
6	118,279		118,279	118,279	5,914	0		118,279		118,279
7	110,023		118,279	118,279	5,914	0		118,279		118,279
8	115,656		118,279	118,279	5,914	0		118,279		118,279


(1)	Assumes annual performance on the Contract Value as well as transfers to/from PPA. Annual Performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.


(2)	When Future5 is elected and the Lifetime Eligible Income Date has been attained, the prevailing PPA Transfer Limit for

APP A-23

both optional benefits is equal to the Lifetime Benefit Payment. This is because the Future5 or Future6 Transfer Limit always prevails over the Maximum Anniversary Value III or the Return of Premium III Transfer Limits.


(3)	The transfer of $5,500 equals the PPA Transfer Limit; the Future5 Payment Base and MAV death benefit is reduced by the dollar amount of the transfer.

(4)

The transfer of $10,000 exceeds the PPA Transfer Limit; the Future5 Payment Base is first reduced by the dollar amount up to the PPA Transfer Limit, and then by a factor of 0.959774 (Derived from 1 - (($10,000 - $5,725) / ($112,001 - $5,725)). The MAV III is similarly reset, first by the dollar amount up to the Transfer Limit, and then by the same factor of 0.959774. This transaction also resets the Bonus Base to $0.


(5)	Does not reflect a Distribution Charge, if applicable.

Future5 and Future6 Example 3: A proportional reduction, in the form of a factor, is applied when a transfer is made to the Personal Pension Account in excess of the PPA Transfer Limit occurs, or when a partial Surrender is taken in excess of the Threshold Payment or Lifetime Benefit Payment, if applicable.

The factor can be calculated as 1 - (A / ( B - C), where:

A = The amount of the surrender or transfer that exceeds the Threshold Payment, Lifetime Benefit Payment, or Transfer Limit,

B = The Contract Value immediately prior to the transaction, and

C = The remaining Threshold Payment, Lifetime Benefit Payment or Transfer Limit immediately prior to the transaction.

This example illustrates the impact of a transfer to the Personal Pension Account in excess of the PPA Transfer Limit on with Future5 or Future6. Assume an amount equal to the Personal Pension Account Transfer Limit has already been transferred during the Contract year, and an additional amount of $15,000 is transferred to the Personal Pension Account during the same Contract year. Assume there have been no surrenders and no prior excess transfers to the Personal Pension Account.

Values immediately prior to the partial Surrender:


•	Your Contract Value is $200,000.


•	Your total Premium Payments are $180,000.


•	Your Payment Base is $225,000.


•	Your Deferral Bonus Base is $210,000.


•	Your Personal Pension Account Benefit Balance is $10,000.

The factor for this transaction is 0.925000 and was derived from: 1 - (15,000/200,000).

Values after the partial Surrender:


•	Your Contract Value is $185,000.


•	Your total Premium Payments are $180,000.


•	Your Payment Base is $208,125.


•	Your Deferral Bonus Base is $0.


•	Your Personal Pension Account Benefit Balance is $25,000.

APP B-1

Appendix B — Accumulation Unit Values

The following information should be read in conjunction with the financial statements for the Separate Account included in the Statement of Additional Information.

There are several classes of Accumulation Unit Values under the Contract depending on the number of optional benefits you select. The table below shows the highest and lowest possible Accumulation Unit Value, assuming you select no optional benefits or assuming you select all optional benefits.



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
AB VPS Balanced Wealth Strategy Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	18.084	$	17.427	$	17.317	$	16.273	$	14.087	$	12.506	$	12.984	$	12.686
Accumulation Unit Value at end of period	$	20.773	$	18.084	$	17.427	$	17.317	$	16.273	$	14.087	$	12.506	$	12.984
Number of Accumulation Units outstanding at end of period (in thousands)	7		4		2		2		2		—		—		—
AB VPS Small/Mid Cap Value Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	30.436	$	24.549	$	26.201	$	24.206	$	17.702	$	15.039	$	16.566	$	15.262
Accumulation Unit Value at end of period	$	34.125	$	30.436	$	24.549	$	26.201	$	24.206	$	17.702	$	15.039	$	16.566
Number of Accumulation Units outstanding at end of period (in thousands)	1		1		1		1		3		2		—		—
AB VPS International Value Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	13.308	$	13.503	$	13.272	$	14.281	$	11.712	$	10.323	$	12.898	$	12.657
Accumulation Unit Value at end of period	$	16.540	$	13.308	$	13.503	$	13.272	$	14.281	$	11.712	$	10.323	$	12.898
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
American Century VP Growth Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	15.614	$	15.082	$	14.520	$	13.158	$	10.273	$	9.111	$	9.293	$	—
Accumulation Unit Value at end of period	$	20.201	$	15.614	$	15.082	$	14.520	$	13.158	$	10.273	$	9.111	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	5		5		5		6		6		2		—		—
American Century VP Mid Cap Value Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	19.985	$	16.391	$	16.763	$	14.515	$	11.247	$	9.740	$	9.949	$	—
Accumulation Unit Value at end of period	$	22.132	$	19.985	$	16.391	$	16.763	$	14.515	$	11.247	$	9.740	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	6		6		6		5		3		3		1		—
American Century VP Value Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	18.814	$	15.744	$	16.511	$	14.721	$	11.269	$	9.899	$	9.985	$	—
Accumulation Unit Value at end of period	$	20.295	$	18.814	$	15.744	$	16.511	$	14.721	$	11.269	$	9.899	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	79		86		111		118		134		150		27		—
American Funds Blue Chip Income and Growth Fund (a)
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.316	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	10.908	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	22		—		—		—		—		—		—		—

APP B-2



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
American Funds Bond Fund (a)
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	9.991	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	10.023	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	14		—		—		—		—		—		—		—
American Funds Global Bond Fund (a)
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	9.913	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	9.992	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	1		—		—		—		—		—		—		—
American Funds Global Growth and Income Fund (a)
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.431	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	10.664	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	4		—		—		—		—		—		—		—
American Funds Global Small Capitalization Fund (a)
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.558	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	10.885	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	1		—		—		—		—		—		—		—
American Funds Growth Fund (a)
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.466	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	10.710	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	258		—		—		—		—		—		—		—
American Funds Growth-Income Fund (a)
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.481	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	10.816	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	213		—		—		—		—		—		—		—
American Funds International Fund (a)
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.501	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	10.704	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	94		—		—		—		—		—		—		—
American Funds New World Fund (a)
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.669	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	10.863	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	1		—		—		—		—		—		—		—
BlackRock Capital Appreciation V.I. Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	15.143	$	15.262	$	14.409	$	13.360	$	10.081	$	8.934	$	9.643	$	—
Accumulation Unit Value at end of period	$	20.002	$	15.143	$	15.262	$	14.409	$	13.360	$	10.081	$	8.934	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	16		23		24		27		45		62		4		—

APP B-3



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
BlackRock Equity Dividend V.I. Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	17.378	$	15.071	$	15.294	$	14.114	$	11.446	$	10.295	$	10.112	$	—
Accumulation Unit Value at end of period	$	20.112	$	17.378	$	15.071	$	15.294	$	14.114	$	11.446	$	10.295	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	23		27		33		34		48		59		3		—
BlackRock Global Allocation V.I. Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	12.112	$	11.744	$	11.941	$	11.791	$	10.372	$	9.494	$	10.072	$	—
Accumulation Unit Value at end of period	$	13.683	$	12.112	$	11.744	$	11.941	$	11.791	$	10.372	$	9.494	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	8		7		7		7		7		5		1		—
Fidelity VIP Contrafund Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	24.800	$	23.171	$	23.225	$	20.937	$	16.092	$	13.946	$	14.439	$	13.572
Accumulation Unit Value at end of period	$	29.958	$	24.800	$	23.171	$	23.225	$	20.937	$	16.092	$	13.946	$	14.439
Number of Accumulation Units outstanding at end of period (in thousands)	49		65		74		71		82		87		19		—
Fidelity VIP Mid Cap Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	24.238	$	21.797	$	22.303	$	21.171	$	15.684	$	13.779	$	15.557	$	15.062
Accumulation Unit Value at end of period	$	29.026	$	24.238	$	21.797	$	22.303	$	21.171	$	15.684	$	13.779	$	15.557
Number of Accumulation Units outstanding at end of period (in thousands)	10		11		12		8		7		6		1		—
Fidelity VIP Strategic Income Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	14.801	$	13.792	$	14.156	$	13.783	$	13.868	$	12.663	$	12.202	$	12.254
Accumulation Unit Value at end of period	$	15.815	$	14.801	$	13.792	$	14.156	$	13.783	$	13.868	$	12.663	$	12.202
Number of Accumulation Units outstanding at end of period (in thousands)	5		5		5		5		4		4		—		—
Franklin Income VIP Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	14.599	$	12.905	$	13.988	$	13.470	$	11.908	$	10.648	$	10.478	$	10.271
Accumulation Unit Value at end of period	$	15.890	$	14.599	$	12.905	$	13.988	$	13.470	$	11.908	$	10.648	$	10.478
Number of Accumulation Units outstanding at end of period (in thousands)	21		14		14		22		20		15		2		—
Franklin Mutual Global Discovery VIP Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	16.063	$	14.433	$	15.092	$	14.385	$	11.354	$	10.089	$	10.477	$	10.336
Accumulation Unit Value at end of period	$	17.316	$	16.063	$	14.433	$	15.092	$	14.385	$	11.354	$	10.089	$	10.477
Number of Accumulation Units outstanding at end of period (in thousands)	3		3		3		3		3		2		1		—
Franklin Mutual Shares VIP Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	17.496	$	15.189	$	16.101	$	15.140	$	11.900	$	10.489	$	10.677	$	10.352
Accumulation Unit Value at end of period	$	18.817	$	17.496	$	15.189	$	16.101	$	15.140	$	11.900	$	10.489	$	10.677
Number of Accumulation Units outstanding at end of period (in thousands)	72		86		100		106		108		106		23		—
Franklin Rising Dividends VIP Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	19.343	$	16.793	$	17.561	$	16.274	$	12.641	$	11.382	$	10.819	$	10.350
Accumulation Unit Value at end of period	$	23.139	$	19.343	$	16.793	$	17.561	$	16.274	$	12.641	$	11.382	$	10.819
Number of Accumulation Units outstanding at end of period (in thousands)	39		49		51		54		56		56		12		—

APP B-4



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
Franklin Small Cap Value VIP Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	21.143	$	16.355	$	17.800	$	17.831	$	13.184	$	11.221	$	11.749	$	10.786
Accumulation Unit Value at end of period	$	23.225	$	21.143	$	16.355	$	17.800	$	17.831	$	13.184	$	11.221	$	11.749
Number of Accumulation Units outstanding at end of period (in thousands)	2		2		2		2		2		1		—		—
Franklin Strategic Income VIP Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	12.194	$	11.379	$	11.927	$	11.798	$	11.510	$	10.283	$	10.101	$	10.062
Accumulation Unit Value at end of period	$	12.655	$	12.194	$	11.379	$	11.927	$	11.798	$	11.510	$	10.283	$	10.101
Number of Accumulation Units outstanding at end of period (in thousands)	20		19		20		20		18		15		2		—
Hartford Capital Appreciation HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	23.341	$	22.264	$	22.184	$	20.808	$	15.059	$	12.808	$	14.551	$	13.793
Accumulation Unit Value at end of period	$	28.324	$	23.341	$	22.264	$	22.184	$	20.808	$	15.059	$	12.808	$	14.551
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	15.403	$	14.731	$	14.712	$	13.834	$	10.038	$	8.559	$	9.616	$	—
Accumulation Unit Value at end of period	$	18.642	$	15.403	$	14.731	$	14.712	$	13.834	$	10.038	$	8.559	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	71		86		94		97		100		119		37		—
Hartford Disciplined Equity HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	27.620	$	26.286	$	24.765	$	21.455	$	15.900	$	13.606	$	13.539	$	12.913
Accumulation Unit Value at end of period	$	33.456	$	27.620	$	26.286	$	24.765	$	21.455	$	15.900	$	13.606	$	13.539
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	19.686	$	18.783	$	17.736	$	15.407	$	11.447	$	9.821	$	10.144	$	—
Accumulation Unit Value at end of period	$	23.789	$	19.686	$	18.783	$	17.736	$	15.407	$	11.447	$	9.821	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Hartford Dividend and Growth HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	25.492	$	22.334	$	22.743	$	20.265	$	15.461	$	13.700	$	13.610	$	12.917
Accumulation Unit Value at end of period	$	29.976	$	25.492	$	22.334	$	22.743	$	20.265	$	15.461	$	13.700	$	13.610
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	17.937	$	15.756	$	16.085	$	14.368	$	10.990	$	9.763	$	9.915	$	—
Accumulation Unit Value at end of period	$	21.048	$	17.937	$	15.756	$	16.085	$	14.368	$	10.990	$	9.763	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	56		67		78		80		86		98		33		—
Hartford Global Growth HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	23.009	$	22.716	$	21.163	$	19.946	$	14.730	$	12.014	$	14.042	$	13.490
Accumulation Unit Value at end of period	$	30.341	$	23.009	$	22.716	$	21.163	$	19.946	$	14.730	$	12.014	$	14.042
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—

APP B-5



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	11.758	$	11.636	$	10.868	$	10.670	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	15.463	$	11.758	$	11.636	$	10.868	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	1		1		2		—		—		—		—		—
Hartford Growth Opportunities HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	27.783	$	28.103	$	25.315	$	22.323	$	16.552	$	13.133	$	14.505	$	13.677
Accumulation Unit Value at end of period	$	36.008	$	27.783	$	28.103	$	25.315	$	22.323	$	16.552	$	13.133	$	14.505
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	18.278	$	18.541	$	16.742	$	14.805	$	11.004	$	8.752	$	9.851	$	—
Accumulation Unit Value at end of period	$	23.633	$	18.278	$	18.541	$	16.742	$	14.805	$	11.004	$	8.752	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	14		15		15		24		19		21		3		—
Hartford High Yield HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	19.544	$	17.218	$	18.110	$	17.770	$	16.805	$	14.797	$	14.226	$	14.095
Accumulation Unit Value at end of period	$	20.894	$	19.544	$	17.218	$	18.110	$	17.770	$	16.805	$	14.797	$	14.226
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	13.222	$	11.675	$	12.313	$	12.113	$	11.483	$	10.136	$	10.258	$	—
Accumulation Unit Value at end of period	$	14.097	$	13.222	$	11.675	$	12.313	$	12.113	$	11.483	$	10.136	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	23		23		24		24		24		23		8		—
Hartford International Opportunities HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	16.811	$	16.710	$	16.510	$	17.287	$	14.315	$	11.987	$	14.025	$	13.733
Accumulation Unit Value at end of period	$	20.920	$	16.811	$	16.710	$	16.510	$	17.287	$	14.315	$	11.987	$	14.025
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	11.770	$	11.736	$	11.621	$	12.202	$	10.127	$	8.501	$	9.978	$	—
Accumulation Unit Value at end of period	$	14.616	$	11.770	$	11.736	$	11.621	$	12.202	$	10.127	$	8.501	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	47		62		74		69		69		79		20		—
Hartford Money Market HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	9.642	$	9.612	$	9.663	$	9.716	$	9.779	$	9.843	$	9.907	$	9.915
Accumulation Unit Value at end of period	$	9.677	$	9.642	$	9.612	$	9.663	$	9.716	$	9.779	$	9.843	$	9.907
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Hartford Small Company HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	23.504	$	23.183	$	25.422	$	23.898	$	16.660	$	14.501	$	15.103	$	13.850
Accumulation Unit Value at end of period	$	29.508	$	23.504	$	23.183	$	25.422	$	23.898	$	16.660	$	14.501	$	15.103
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—

APP B-6



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
Hartford Total Return Bond HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	13.735	$	13.230	$	13.395	$	12.732	$	12.993	$	12.161	$	11.440	$	11.476
Accumulation Unit Value at end of period	$	14.350	$	13.735	$	13.230	$	13.395	$	12.732	$	12.993	$	12.161	$	11.440
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	11.792	$	11.389	$	11.557	$	11.007	$	11.265	$	10.570	$	10.243	$	—
Accumulation Unit Value at end of period	$	12.278	$	11.792	$	11.389	$	11.557	$	11.007	$	11.265	$	10.570	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	73		73		72		82		74		65		22		—
Hartford U.S. Government Securities HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	11.512	$	11.412	$	11.309	$	11.071	$	11.334	$	11.002	$	10.559	$	10.724
Accumulation Unit Value at end of period	$	11.589	$	11.512	$	11.412	$	11.309	$	11.071	$	11.334	$	11.002	$	10.559
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.716	$	10.651	$	10.577	$	10.378	$	10.656	$	10.369	$	10.132	$	—
Accumulation Unit Value at end of period	$	10.765	$	10.716	$	10.651	$	10.577	$	10.378	$	10.656	$	10.369	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	111		112		107		105		102		106		62		—
Hartford Ultrashort Bond HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	9.657	$	9.657	$	9.729	$	9.802	$	9.876	$	9.941	$	9.976	$	—
Accumulation Unit Value at end of period	$	9.671	$	9.657	$	9.657	$	9.729	$	9.802	$	9.876	$	9.941	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		13		—		—
Hartford Value HLS Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	24.564	$	21.747	$	22.585	$	20.412	$	15.571	$	13.397	$	13.754	$	12.892
Accumulation Unit Value at end of period	$	28.174	$	24.564	$	21.747	$	22.585	$	20.412	$	15.571	$	13.397	$	13.754
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	17.173	$	15.235	$	15.866	$	14.374	$	10.990	$	9.479	$	9.839	$	—
Accumulation Unit Value at end of period	$	19.627	$	17.173	$	15.235	$	15.866	$	14.374	$	10.990	$	9.479	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	6		7		7		7		8		10		1		—
HIMCO VIT Index Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	26.065	$	23.563	$	23.523	$	21.715	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	31.367	$	26.065	$	23.563	$	23.523	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	88		111		132		136		—		—		—		—
HIMCO VIT Portfolio Diversifier Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	7.287	$	7.684	$	7.883	$	8.060	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	6.996	$	7.287	$	7.684	$	7.883	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	3,450		3,563		3,552		3,923		—		—		—		—

APP B-7



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
Invesco V.I. Balanced Risk Allocation Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	13.481	$	12.168	$	12.811	$	12.198	$	12.106	$	11.013	$	10.225	$	—
Accumulation Unit Value at end of period	$	14.711	$	13.481	$	12.168	$	12.811	$	12.198	$	12.106	$	11.013	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	7		4		11		5		4		4		—		—
Invesco V.I. Core Equity Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	20.481	$	18.737	$	20.064	$	18.726	$	14.618	$	12.950	$	13.073	$	12.450
Accumulation Unit Value at end of period	$	22.969	$	20.481	$	18.737	$	20.064	$	18.726	$	14.618	$	12.950	$	13.073
Number of Accumulation Units outstanding at end of period (in thousands)	18		23		29		27		32		42		4		—
Invesco V.I. Government Money Market Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	9.777	$	9.837	$	9.901	$	9.964	$	9.993	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	9.744	$	9.777	$	9.837	$	9.901	$	9.964	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	46		49		50		19		13		—		—		—
Invesco V.I. International Growth Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	16.098	$	16.317	$	16.864	$	16.959	$	14.378	$	12.557	$	13.589	$	13.264
Accumulation Unit Value at end of period	$	19.629	$	16.098	$	16.317	$	16.864	$	16.959	$	14.378	$	12.557	$	13.589
Number of Accumulation Units outstanding at end of period (in thousands)	65		82		86		85		88		88		31		—



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
Invesco V.I. Mid Cap Core Equity Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	19.729	$	17.548	$	18.452	$	17.829	$	13.969	$	12.711	$	13.683	$	13.037
Accumulation Unit Value at end of period	$	22.474	$	19.729	$	17.548	$	18.452	$	17.829	$	13.969	$	12.711	$	13.683
Number of Accumulation Units outstanding at end of period (in thousands)	3		3		3		3		3		3		—		—
Invesco V.I. Small Cap Equity Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	23.632	$	21.268	$	22.711	$	22.392	$	16.441	$	14.560	$	14.800	$	13.520
Accumulation Unit Value at end of period	$	26.702	$	23.632	$	21.268	$	22.711	$	22.392	$	16.441	$	14.560	$	14.800
Number of Accumulation Units outstanding at end of period (in thousands)	5		5		5		4		4		3		1		—
Lord Abbett Bond-Debenture Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	17.074	$	15.326	$	15.666	$	15.111	$	14.061	$	12.576	$	12.127	$	12.069
Accumulation Unit Value at end of period	$	18.526	$	17.074	$	15.326	$	15.666	$	15.111	$	14.061	$	12.576	$	12.127
Number of Accumulation Units outstanding at end of period (in thousands)	10		10		10		10		7		5		6		—
Lord Abbett Fundamental Equity Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	21.225	$	18.458	$	19.241	$	18.075	$	13.401	$	12.198	$	12.854	$	12.134
Accumulation Unit Value at end of period	$	23.740	$	21.225	$	18.458	$	19.241	$	18.075	$	13.401	$	12.198	$	12.854
Number of Accumulation Units outstanding at end of period (in thousands)	39		45		54		57		61		73		42		—
Lord Abbett Growth & Income Portfolio

APP B-8



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	20.590	$	17.696	$	18.336	$	17.144	$	12.697	$	11.402	$	12.219	$	11.491
Accumulation Unit Value at end of period	$	23.193	$	20.590	$	17.696	$	18.336	$	17.144	$	12.697	$	11.402	$	12.219
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
MFS Growth Series
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	25.657	$	25.273	$	23.707	$	21.955	$	16.190	$	13.919	$	14.088	$	13.292
Accumulation Unit Value at end of period	$	33.414	$	25.657	$	25.273	$	23.707	$	21.955	$	16.190	$	13.919	$	14.088
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
MFS Investors Trust Series
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	23.425	$	21.768	$	21.920	$	19.928	$	15.226	$	12.896	$	13.302	$	12.726
Accumulation Unit Value at end of period	$	28.633	$	23.425	$	21.768	$	21.920	$	19.928	$	15.226	$	12.896	$	13.302
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
MFS New Discovery Series
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	14.289	$	13.219	$	13.597	$	14.794	$	10.545	$	8.779	$	10.193	$	—
Accumulation Unit Value at end of period	$	17.935	$	14.289	$	13.219	$	13.597	$	14.794	$	10.545	$	8.779	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	2		2		3		3		2		—		—		—
MFS Total Return Bond Series
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	13.555	$	13.118	$	13.281	$	12.656	$	12.905	$	12.133	$	11.469	$	11.543
Accumulation Unit Value at end of period	$	14.031	$	13.555	$	13.118	$	13.281	$	12.656	$	12.905	$	12.133	$	11.469
Number of Accumulation Units outstanding at end of period (in thousands)	22		21		20		20		21		17		6		—
MFS Total Return Series
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	18.501	$	17.113	$	17.325	$	16.111	$	13.657	$	12.391	$	12.278	$	11.982
Accumulation Unit Value at end of period	$	20.592	$	18.501	$	17.113	$	17.325	$	16.111	$	13.657	$	12.391	$	12.278
Number of Accumulation Units outstanding at end of period (in thousands)	3		2		3		3		2		1		—		—
MFS Value Series
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	24.277	$	21.477	$	21.821	$	19.930	$	14.794	$	12.849	$	12.994	$	12.447
Accumulation Unit Value at end of period	$	28.304	$	24.277	$	21.477	$	21.821	$	19.930	$	14.794	$	12.849	$	12.994
Number of Accumulation Units outstanding at end of period (in thousands)	48		63		75		82		96		99		24		—
PIMCO All Asset Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	11.548	$	10.295	$	11.411	$	11.433	$	11.495	$	10.078	$	10.361	$	—
Accumulation Unit Value at end of period	$	13.008	$	11.548	$	10.295	$	11.411	$	11.433	$	11.495	$	10.078	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	10		10		11		12		12		12		10		—
PIMCO Global Multi-Asset Managed Allocation Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.252	$	9.929	$	10.020	$	9.645	$	10.541	$	9.754	$	10.330	$	—
Accumulation Unit Value at end of period	$	11.611	$	10.252	$	9.929	$	10.020	$	9.645	$	10.541	$	9.754	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—

APP B-9



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
PIMCO StocksPLUS Global Portfolio
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	11.855	$	11.075	$	12.252	$	12.221	$	10.320	$	9.462	$	10.411	$	—
Accumulation Unit Value at end of period	$	14.487	$	11.855	$	11.075	$	12.252	$	12.221	$	10.320	$	9.462	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	19		26		29		28		43		53		3		—
Putnam VT Equity Income Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	25.681	$	22.745	$	23.612	$	21.095	$	16.035	$	13.528	$	13.359	$	12.744
Accumulation Unit Value at end of period	$	30.304	$	25.681	$	22.745	$	23.612	$	21.095	$	16.035	$	13.528	$	13.359
Number of Accumulation Units outstanding at end of period (in thousands)	3		4		4		4		1		—		30		—
Putnam VT Growth Opportunities Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	10.535	$	10.156	$	—	$	—	$	—	$	—	$	—	$	—
Accumulation Unit Value at end of period	$	13.701	$	10.535	$	—	$	—	$	—	$	—	$	—	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	119		155		—		—		—		—		—		—
Putnam VT Investors Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	26.247	$	23.577	$	24.259	$	21.435	$	15.967	$	13.756	$	13.840	$	13.125
Accumulation Unit Value at end of period	$	32.038	$	26.247	$	23.577	$	24.259	$	21.435	$	15.967	$	13.756	$	13.840
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		28		—
Templeton Foreign VIP Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	11.836	$	11.124	$	11.995	$	13.599	$	11.140	$	9.492	$	10.703	$	10.504
Accumulation Unit Value at end of period	$	13.714	$	11.836	$	11.124	$	11.995	$	13.599	$	11.140	$	9.492	$	10.703
Number of Accumulation Units outstanding at end of period (in thousands)	64		77		85		87		81		81		16		—
Templeton Global Bond VIP Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	11.199	$	10.958	$	11.536	$	11.418	$	11.319	$	9.909	$	10.070	$	9.992
Accumulation Unit Value at end of period	$	11.323	$	11.199	$	10.958	$	11.536	$	11.418	$	11.319	$	9.909	$	10.070
Number of Accumulation Units outstanding at end of period (in thousands)	16		15		15		14		15		14		3		—
Templeton Growth VIP Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	15.019	$	13.809	$	14.873	$	15.414	$	11.876	$	9.877	$	10.706	$	10.426
Accumulation Unit Value at end of period	$	17.663	$	15.019	$	13.809	$	14.873	$	15.414	$	11.876	$	9.877	$	10.706
Number of Accumulation Units outstanding at end of period (in thousands)	75		98		108		113		105		105		24		—
Wells Fargo VT International Equity Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	12.365	$	12.049	$	11.913	$	12.669	$	10.669	$	9.463	$	10.936	$	10.659
Accumulation Unit Value at end of period	$	15.275	$	12.365	$	12.049	$	11.913	$	12.669	$	10.669	$	9.463	$	10.936
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Wells Fargo VT Omega Growth Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	18.356	$	18.380	$	18.255	$	17.690	$	12.729	$	10.642	$	11.340	$	10.493
Accumulation Unit Value at end of period	$	24.546	$	18.356	$	18.380	$	18.255	$	17.690	$	12.729	$	10.642	$	11.340

APP B-10



	As of December 31,
Sub-Account	2017		2016		2015		2014		2013		2012		2011		2010
Number of Accumulation Units outstanding at end of period (in thousands)	—		—		—		—		—		—		—		—
Wells Fargo VT Opportunity Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	18.242	$	16.360	$	16.991	$	15.488	$	11.929	$	10.393	$	9.902	$	—
Accumulation Unit Value at end of period	$	21.828	$	18.242	$	16.360	$	16.991	$	15.488	$	11.929	$	10.393	$	—
Number of Accumulation Units outstanding at end of period (in thousands)	4		4		5		5		5		5		4		—
Wells Fargo VT Small Cap Growth Fund
Without Any Optional Benefits
Accumulation Unit Value at beginning of period	$	18.018	$	16.832	$	17.444	$	17.894	$	11.989	$	11.186	$	11.802	$	10.755
Accumulation Unit Value at end of period	$	22.530	$	18.018	$	16.832	$	17.444	$	17.894	$	11.989	$	11.186	$	11.802
Number of Accumulation Units outstanding at end of period (in thousands)	1		2		2		2		2		—		—		—

(a) Inception date November 10, 2017.

APP C-1

Appendix C — Fund Data



Funding Option	Investment Objective Summary	Investment Adviser/Sub-Adviser
Fixed Accumulation Feature*	Preservation of capital	General Account
AB Variable Products Series Fund, Inc.
AB VPS Balanced Wealth Strategy Portfolio - Class B	Achieve the highest total return consistent with the Adviser’s determination of reasonable risk	AllianceBernstein, L.P.
AB VPS Small/Mid Cap Value Portfolio - Class B	Seeks long-term growth of capital	AllianceBernstein, L.P.
AIM Variable Insurance Funds
Invesco V.I. Balanced Risk Allocation Fund - Series II	Seeks total return with a low to moderate correlation to traditional financial market indices	Invesco Advisers, Inc.
Invesco V.I. Core Equity Fund - Series II	Seeks long-term growth of capital	Invesco Advisers, Inc.
Invesco V.I. International Growth Fund - Series II	Seeks long-term growth of capital	Invesco Advisers, Inc.
Invesco V.I. Mid Cap Core Equity Fund - Series II	Seeks long-term growth of capital	Invesco Advisers, Inc.
Invesco V.I. Government Money Market Fund - Series II**	Seeks to provide current income consistent with preservation of capital and liquidity	Invesco Advisers, Inc.
Invesco V.I. Small Cap Equity Fund - Series II	Seeks long-term growth of capital	Invesco Advisers, Inc.
American Century Variable Portfolios, Inc.
American Century VP Growth Fund - Class II	Seeks long-term capital growth	American Century Investment Management, Inc.
American Century VP Mid Cap Value Fund - Class II	Seeks long-term capital growth with income as a secondary objective.	American Century Investment Management, Inc.
American Century VP Value Fund - Class II	Seeks long-term capital growth with income as a secondary objective.	American Century Investment Management, Inc.
American Funds Insurance Series
American Funds Blue Chip Income and Growth Fund - Class 4	Seeks to produce income exceeding the average yield on U.S. stocks generally and to provide an opportunity for growth of principal consistent with sound common stock investing.	Capital Research and Management Company
American Funds Bond Fund - Class 4	Seeks as high a level of current income as is consistent with the preservation of capital.	Capital Research and Management Company
American Funds Global Bond Fund - Class 4	Seeks to provide you, over the long term, with a high level of total return consistent with prudent investment management.	Capital Research and Management Company
American Funds Global Growth and Income Fund - Class 4	Seeks long-term growth of capital while providing current income.	Capital Research and Management Company
American Funds Global Small Capitalization Fund - Class 4	Seeks long-term growth of capital.	Capital Research and Management Company
American Funds Growth Fund - Class 4	Seeks long-term growth of capital.	Capital Research and Management Company
American Funds Growth-Income Fund - Class 4	Seeks long-term growth of capital and income.	Capital Research and Management Company

APP C-2



Funding Option	Investment Objective Summary	Investment Adviser/Sub-Adviser
American Funds International Fund - Class 4	Seeks long-term growth of capital.	Capital Research and Management Company
American Funds New World Fund - Class 4	Seeks long-term capital appreciation.	Capital Research and Management Company
BlackRock Variable Series Funds, Inc.
BlackRock Capital Appreciation V.I. Fund - Class III	Seeks long-term growth of capital	BlackRock Advisors, LLC
BlackRock Equity Dividend V.I. Fund - Class III	Seeks long-term total return and current income	BlackRock Advisors, LLC
BlackRock Global Allocation V.I. Fund - Class III	Seeks high total investment return	BlackRock Advisors, LLC
BlackRock S&P 500 Index V.I. Fund - Class III	Seeks investment results that, before expenses, correspond to the aggregate price and yield performance of the Standard & Poor’s 500 Index (the “S&P 500”).	BlackRock Advisors, LLC
BlackRock Managed Volatility V.I. Fund - Class III	Seeks a level of current income and degree of stability of principal not normally available from an investment solely in equity securities, as well as the opportunity for capital appreciation greater than is normally available from an investment solely in debt securities.	BlackRock Advisors, LLC, Sub-advised by BlackRock International Limited Edinburgh, United Kingdom, BlackRock Asset Management North Asia Limited, Hong Kong, and BlackRock (Singapore) Limited, 079912 Singapore
Fidelity Variable Insurance Products Funds
Fidelity® VIP Contrafund® Portfolio - Service Class 2	Seeks long-term capital appreciation	Fidelity Management & Research Company (FMR) (the Advisor), Sub-advised by FMR Co., Inc. (FMRC) and other investment advisers
Fidelity® VIP Value Strategies Portfolio - Service Class 2	Seeks capital appreciation	Fidelity Management & Research Company (FMR) (the Advisor), Sub-advised by FMR Co., Inc. (FMRC) and other investment advisers
Franklin Templeton Variable Insurance Products Trust
Franklin Income VIP Fund - Class 4	Seeks to maximize income while maintaining prospects for capital appreciation	Franklin Advisers, Inc., Sub-advised by Templeton Investment Counsel, LLC
Franklin Mutual Global Discovery VIP Fund - Class 4	Seeks capital appreciation	Franklin Mutual Advisers, LLC, Sub-advised by Franklin Templeton Investment Management Limited
Franklin Mutual Shares VIP Fund - Class 4	Seeks capital appreciation, with income as a secondary goal	Franklin Mutual Advisers, LLC
Franklin Rising Dividends VIP Fund - Class 4	Seeks long-term capital appreciation, with preservation of capital as an important consideration	Franklin Advisory Services, LLC
Franklin Small Cap Value VIP Fund - Class 4	Seeks long-term total return	Franklin Advisory Services, LLC
Franklin Strategic Income VIP Fund - Class 4	Seeks a high level of current income, with capital appreciation over the long term as a secondary goal	Franklin Advisers, Inc.
Templeton Foreign VIP Fund - Class 4	Seeks long-term capital growth	Templeton Investment Counsel, LLC

APP C-3



Funding Option	Investment Objective Summary	Investment Adviser/Sub-Adviser
Templeton Global Bond VIP Fund - Class 4	Seeks high current income, consistent with preservation of capital, with capital appreciation as a secondary consideration	Franklin Advisers, Inc.
Templeton Growth VIP Fund - Class 4	Seeks long-term capital growth	Templeton Global Advisors Limited
Hartford HLS Series Fund II, Inc.
Hartford Growth Opportunities HLS Fund - Class IB	Seeks capital appreciation	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford U.S. Government Securities HLS Fund - Class IB	Seeks to maximize total return while providing shareholders with a high level of current income consistent with prudent investment risk	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford Series Fund, Inc.
Hartford Capital Appreciation HLS Fund - Class IB	Seeks growth of capital	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford Disciplined Equity HLS Fund - Class IB	Seeks growth of capital	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford Dividend and Growth HLS Fund - Class IB	Seeks a high level of current income consistent with growth of capital	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford Global Growth HLS Fund - Class IB	Seeks growth of capital	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford High Yield HLS Fund - Class IB	Seeks to provide high current income, and long-term total return	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford International Opportunities HLS Fund - Class IB	Seeks long-term growth of capital	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford Total Return Bond HLS Fund - Class IB	Seeks a competitive total return, with income as a secondary objective	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford Ultrashort Bond HLS Fund - Class IB	Seeks total return and income consistent with preserving capital and maintaining liquidity	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Hartford Value HLS Fund - Class IB	Seeks long-term total return	Hartford Funds Management Company, LLC, Sub-advised by Wellington Management Company LLP
Lord Abbett Series Fund, Inc.
Lord Abbett Bond-Debenture Portfolio - Class VC	Seeks high current income and the opportunity for capital appreciation to produce a high total return	Lord, Abbett & Co. LLC
Lord Abbett Fundamental Equity Portfolio - Class VC	Seeks long-term growth of capital and income without excessive fluctuations in market value	Lord, Abbett & Co. LLC
Lord Abbett Growth and Income Portfolio - Class VC	Seeks long-term growth of capital and income without excessive fluctuations in market value	Lord, Abbett & Co. LLC
MFS® Variable Insurance Trust
MFS® Growth Series - Service Class	Seeks capital appreciation	MFS Investment Management
MFS® New Discovery Series - Service Class	Seeks capital appreciation	MFS Investment Management

APP C-4



Funding Option	Investment Objective Summary	Investment Adviser/Sub-Adviser
MFS® Total Return Bond Series - Service Class	Seeks total return with an emphasis on current income, but also considering capital appreciation	MFS Investment Management
MFS® Total Return Series - Service Class	Seeks total return	MFS Investment Management
MFS® Value Series - Service Class	Seeks capital appreciation	MFS Investment Management
PIMCO Equity Series VIT
PIMCO StocksPLUS Global Portfolio - Advisor Class	Seeks capital appreciation	Pacific Investment Management Company LLC
PIMCO Variable Insurance Trust
PIMCO All Asset Portfolio - Advisor Class	Seeks maximum real return, consistent with preservation of real capital and prudent investment management	Pacific Investment Management Company LLC, Sub-advised by Research Affiliates
PIMCO Global Multi-Asset Managed Allocation Portfolio - Advisor Class	Seeks total return which exceeds that of its secondary benchmark index consistent with prudent investment management	Pacific Investment Management Company LLC
Putnam Variable Trust
Putnam VT Equity Income Fund - Class IB	Capital growth and current income	Putnam Investment Management, LLC, Sub-advised by Putnam Investments Limited
Putnam VT Investors Fund - Class IB^§	Long-term growth of capital and any increased income that results from this growth	Putnam Investment Management, LLC, Sub-advised by Putnam Investments Limited
Putnam VT Growth Opportunities Fund - Class IB	Capital appreciation	Putnam Investment Management, LLC, Sub-advised by Putnam Investments Limited
Wells Fargo Variable Trust Funds
Wells Fargo VT International Equity Fund - Class 2	Seeks long-term capital appreciation	Wells Fargo Funds Management, LLC, Sub-advised by Wells Capital Management Incorporated
Wells Fargo VT Omega Growth Fund - Class 2	Seeks long-term capital appreciation	Wells Fargo Funds Management, LLC, Sub-advised by Wells Capital Management Incorporated
Wells Fargo VT Opportunity Fund - Class 2	Seeks long-term capital appreciation	Wells Fargo Funds Management, LLC, Sub-advised by Wells Capital Management Incorporated
Wells Fargo VT Small Cap Growth Fund - Class 2	Seeks long-term capital appreciation	Wells Fargo Funds Management, LLC, Sub-advised by Wells Capital Management Incorporated



*	The Fixed Accumulation Feature is not a Sub-Account and the Company does not provide investment advice in connection with this feature.
**	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.
§	Putnam VT Investors Fund will be renamed to Putnam VT Multi-Cap Core Fund effective June 30, 2018.

APP D-1

Appendix D - Optional Rider Investment Restrictions

Investment Restrictions For


•	Daily Lock Income Benefit


•	Legacy Lock


•	Future6


•	Safety Plus

Applicable To The Following Product


•	Personal Retirement Manager Select B-Share VA 2

You must choose one of the following models. The models will be re-balanced monthly. For Future6, in the event that your Contract Value reduces below the minimum amount rule and you fail to transfer your remaining Contract Value to an approved Sub-Account(s) and/or Programs within ten business days, we will exercise our reserved contractual rights to reallocate these sums to the money market Sub-Account.

PERSONAL PROTECTION PORTFOLIOS

Series 8054



BlackRock Managed Volatility V.I. Fund	50	%
Hartford Capital Appreciation HLS Fund	20	%
Hartford Dividend and Growth HLS Fund	20	%
Hartford International Opportunities HLS Fund	10	%
Total	100	%

Series 8056



BlackRock Managed Volatility V.I. Fund	50	%
American Funds Growth Fund	20	%
American Funds Growth-Income Fund	20	%
American Funds International Fund	10	%
Total	100	%

Series 8055



BlackRock Managed Volatility V.I. Fund	50	%
Templeton Growth VIP Fund	20	%
Franklin Mutual Shares VIP Fund	20	%
Franklin Rising Dividends VIP Fund	10	%
Total	100	%

Series 8059



BlackRock Managed Volatility V.I. Fund	50	%
American Funds Growth-Income Fund	20	%
Invesco V.I. Core Equity Fund	20	%
Hartford International Opportunities HLS Fund	10	%
Total	100	%

APP D-2

Series 8062



BlackRock Managed Volatility V.I. Fund	50	%
BlackRock Equity Dividend V.I. Fund	18	%
BlackRock Capital Appreciation V.I. Fund	17	%
PIMCO StocksPLUS Global Portfolio	15	%
Total	100	%

Series 8061



BlackRock Managed Volatility V.I. Fund	50	%
Lord Abbett Fundamental Equity Portfolio	20	%
American Funds Growth Fund	20	%
Invesco V.I. International Growth Fund	10	%
Total	100	%

Series 8060



BlackRock Managed Volatility V.I. Fund	50	%
American Funds Blue Chip Income and Growth Fund	20	%
Hartford Value HLS Fund	20	%
Templeton Foreign VIP Fund	10	%
Total	100	%

Series 8058



BlackRock Managed Volatility V.I. Fund	50	%
Fidelity VIP Contrafund Portfolio	20	%
Invesco V.I. International Growth Fund	5	%
MFS Value Series	20	%
Templeton Foreign VIP Fund	5	%
Total	100	%

Series 8096



BlackRock Managed Volatility V.I. Fund	50	%
American Century VP Value Fund	20	%
Putnam VT Growth Opportunities Fund	20	%
Invesco V.I. International Growth Fund	5	%
Templeton Foreign VIP Fund	5	%
Total	100	%

Series 8057



BlackRock Managed Volatility V.I. Fund	50	%
BlackRock S&P 500 Index V.I. Fund	50	%
Total	100	%

APP D-3

Investment Restrictions For


•	Future5


•	Maximum Anniversary Value III

Applicable To The Following Product


•	Personal Retirement Manager Select B-Share VA 2

You may choose to invest in either the Portfolio Planner Asset Allocation Models, the Investment Strategy Models or approved individual Sub-Accounts. The Models will be re-balanced quarterly.

As of May 2, 2016, the following models are available:

PORTFOLIO PLANNER ASSET ALLOCATION MODELS



Fund	2016 Series 125	2016 Series 126	2016 Series 213	2016 Series 313	2016 Series 413
AB VPS Small/Mid-Cap Value Portfolio	3%	3%	3%	4%	5%
Franklin Mutual Global Discovery VIP Fund	2%	3%	4%	4%	5%
Hartford Disciplined Equity HLS Fund	4%	5%	6%	7%	8%
Hartford High Yield HLS Fund	14%	17%	18%	17%	14%
Hartford International Opportunities HLS Fund	2%	3%	4%	5%	6%
Hartford Total Return Bond HLS Fund	20%	14%	10%	7%	4%
American Funds New World Fund	3%	4%	6%	7%	9%
Invesco V.I. International Growth Fund	1%	2%	3%	4%	5%
Invesco V.I. Small Cap Equity Fund	2%	3%	4%	5%	5%
MFS Growth Series	4%	6%	7%	8%	8%
MFS New Discovery Series	2%	3%	3%	4%	5%
MFS Total Return Bond Series	20%	15%	11%	7%	5%
Putnam VT Equity Income Fund	5%	6%	7%	8%	9%
Templeton Foreign VIP Fund	2%	2%	3%	4%	5%
Templeton Global Bond VIP Fund	16%	14%	11%	9%	7%
Total	100%	100%	100%	100%	100%

INVESTMENT STRATEGIES MODELS

Series 8021



Hartford Capital Appreciation HLS Fund	33	%
Hartford Dividend and Growth HLS Fund	33	%
Hartford Total Return Bond HLS Fund	34	%
Total	100	%

APP D-4

Series 8022



Franklin Income VIP Fund	34	%
Franklin Mutual Shares VIP Fund	33	%
Templeton Growth VIP Fund	33	%
Total	100	%

Series 8063



American Funds Bond Fund	30	%
American Funds Global Small Capitalization Fund	10	%
American Funds Growth Fund	25	%
American Funds Growth-Income Fund	20	%
American Funds International Fund	15	%
Total	100	%

Series 8064



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	%

INDIVIDUAL SUB-ACCOUNTS

You may choose any combination of these funds as long as they equal 100% of your Sub-Account allocation. For example, you may allocate 100% of you Sub-Account allocation to ONE of these funds OR you may allocate among TWO, THREE, FOUR, FIVE or ALL SIX of these funds as long as your Sub-Account allocation equals 100%.

AB VPS Balanced Wealth Strategy Portfolio

BlackRock Global Allocation V.I. Fund

Invesco V.I. Balanced Risk Allocation Fund

MFS Total Return Series

PIMCO All Asset Portfolio

PIMCO Global Multi-Asset Managed Allocation Portfolio

APP E-1

Appendix E - Model Investment Options

(Percentage allocations apply to value in the Sub-Accounts)

Applicable To The Following Product


•	Personal Retirement Manager Select B-Share VA 2

As of May 2, 2016, the following models are available. If you elected one of the optional riders for your contract, please refer to “Appendix D - Optional Rider Investment Restrictions” to determine whether those restrictions may limit your ability to invest in these models.

Portfolio Planner Models



Fund	2016 Series 125	2016 Series 126	2016 Series 213	2016 Series 313	2016 Series 413
AB VPS Small/Mid-Cap Value Portfolio	3%	3%	3%	4%	5%
Franklin Mutual Global Discovery VIP Fund	2%	3%	4%	4%	5%
Hartford Disciplined Equity HLS Fund	4%	5%	6%	7%	8%
Hartford High Yield HLS Fund	14%	17%	18%	17%	14%
Hartford International Opportunities HLS Fund	2%	3%	4%	5%	6%
Hartford Total Return Bond HLS Fund	20%	14%	10%	7%	4%
American Funds New World Fund	3%	4%	6%	7%	9%
Invesco V.I. International Growth Fund	1%	2%	3%	4%	5%
Invesco V.I. Small Cap Equity Fund	2%	3%	4%	5%	5%
MFS Growth Series	4%	6%	7%	8%	8%
MFS New Discovery Series	2%	3%	3%	4%	5%
MFS Total Return Bond Series	20%	15%	11%	7%	5%
Putnam VT Equity Income Fund	5%	6%	7%	8%	9%
Templeton Foreign VIP Fund	2%	2%	3%	4%	5%
Templeton Global Bond VIP Fund	16%	14%	11%	9%	7%
Total	100%	100%	100%	100%	100%

To obtain a Statement of Additional Information, please call us at 800-862-6668 or complete the form below and mail to:

Talcott Resolution Life Insurance Company/Talcott Resolution Life and Annuity Insurance Company

PO Box 14293

Lexington, KY 40512-4293

Please send a Statement of Additional Information to me at the following address:




Name

Address

City/State	Zip Code

Contract Name

Issue Date

Statement of Additional Information

Talcott Resolution Life Insurance Company

Separate Account Seven

Personal Retirement Manager Select Series II

This Statement of Additional Information is not a prospectus. The information contained in this document should be read in conjunction with the prospectus.

To obtain a prospectus, send a written request to Talcott Resolution Insurance Company, P. O. Box 14293, Lexington, KY 40512-4293.

Date of Prospectus: May 1, 2018 as amended on June 28, 2018

Date of Statement of Additional Information: May 1, 2018 as amended on June 28, 2018

Table of Contents



General Information	2
Safekeeping of Assets	2
Experts	2
Non-Participating	2
Misstatement of Age or Sex	2
Principal Underwriter	2
Operational Risks	2
Performance Related Information	2
Total Return for all Sub-Accounts	3
Yield for Sub-Accounts	3
Money Market Sub-Accounts	3
Additional Materials	4
Performance Comparisons	4
Financial Statements	SA-1



2

General Information

Safekeeping of Assets

We hold title to the assets of the Separate Account. The assets are kept physically segregated and are held separate and apart from our general corporate assets. Records are maintained of all purchases and redemptions of the underlying fund shares held in each of the Sub-Accounts.

Experts

The consolidated financial statements of Hartford Life Insurance Company as of December 31, 2017 and 2016, and for each of the three years in the period ended December 31, 2017 have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report, and the statements of assets and liabilities of each of the individual sub-accounts which comprise Hartford Life Insurance Company Separate Account Seven as of December 31, 2017, and the related statements of operations for the periods then ended, the statements of changes in net assets for each of the periods presented in the two years then ended, and the financial highlights in Note 6 for each of the periods presented in the five years then ended have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report, which reports are both included in the Statement of Additional Information which is part of the Registration Statement. Such financial statements are included in reliance upon the reports of such firm given upon their authority as experts in accounting and auditing. The principal business address of Deloitte & Touche LLP is CityPlace I, 33rd Floor, 185 Asylum Street, Hartford, Connecticut 06103-3402.

Non-Participating

The Contract is non-participating and we pay no dividends.

Misstatement of Age or Sex

If an Annuitant’s age or sex was misstated on the Contract, any Contract payments or benefits will be determined using the correct age and sex. If we have overpaid Annuity Payouts, an adjustment, including interest on the amount of the overpayment, will be made to the next Annuity Payout or Payouts. If we have underpaid due to a misstatement of age or sex, we will credit the next Annuity Payout with the amount we underpaid and credit interest.

Principal Underwriter

The Contracts, which are offered continuously, are distributed by Talcott Resolution Distribution Company, Inc. (“TDC”). TDC serves as Principal Underwriter for the securities issued with respect to the Separate Account. TDC is registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934 as a Broker-Dealer and is a member of the National Association of Securities Dealers, Inc. TDC is an affiliate of ours. Both TDC and Talcott Resolution are ultimately controlled by Henry Cornell, David I. Schamis, and Robert E. Diamond. The principal business address of TDC is the same as ours.

We currently pay TDC underwriting commissions for its role as Principal Underwriter of all variable annuities associated with this Separate Account. For the past three years, the aggregate dollar amount of underwriting commissions paid to TDC in its role as Principal Underwriter has been : 2017 : $ 9,877,833 ; 2016 : $ 8,960,055 ; and 2015 : $ 8,645,937 .

OPERATIONAL RISKS

An investment in a Contract, Separate Account, or Fund can involve operational and information security risks arising from factors such as processing errors, inadequate or failed processes, failure in systems and technology, changes in personnel and errors caused by third-party service providers. While we seek to minimize such events through controls and oversight, there may still be failures that could adversely affect us and your Contract’s Value. In addition, as the use of technology increases, we, a Contract, a Separate Account, or Fund may be more susceptible to operational risks through breaches in cybersecurity. A breach in cybersecurity refers to both intentional and unintentional events that may cause us, a Contract, a Separate Account, or Fund to lose proprietary information, suffer data corruption, or operational capacity, and as a result, may incur regulatory penalties, reputational damage, and additional compliance costs associated with corrected measures and/or financial loss. In addition, cyber security breaches of a Fund’s third party service providers or issuers of securities in which the underlying Funds invest may also subject a Fund to many of the same risks associated with direct cybersecurity breaches.

Performance Related Information

The Separate Account may advertise certain performance-related information concerning the Sub-Accounts. Performance information about a Sub-Account is based on the Sub-Account’s past performance only and is no indication of future performance.



	3

Total Return for all Sub-Accounts

When a Sub-Account advertises its standardized total return, it will be calculated on a quarterly basis from the date the underlying fund is made available in the Separate Account for one, five and ten year periods or some other relevant periods if the underlying fund has not been in existence for at least ten years. Total return is measured by comparing the value of an investment in the Sub-Account at the beginning of the relevant period to the value of the investment at the end of the period. To calculate standardized total return, the Total Annual Fund Operating Expenses, applicable Sales Charges, Distribution Charge, Separate Account Annual Expenses, and the Annual Maintenance Fee are deducted from a hypothetical initial Premium Payment of $1,000.00. Standardized total returns do not include charges for optional benefit riders.

The formula we use to calculate standardized total return is P(1+T)ⁿ = ERV. In this calculation, “P” represents a hypothetical initial premium payment of $1,000.00, “T” represents the average annual total return, “n” represents the number of years and “ERV” represents the redeemable value at the end of the period.

The Sub-Account may advertise a non-standardized total return. These figures will be calculated on a monthly basis from the inception date of the underlying fund for one, five and ten year periods or other relevant periods. Non-standardized total return is measured in the same manner as the standardized total return described above, except that non-standardized total return does not include the Annual Maintenance Fee, Distribution Charge, or Sales Charges. Therefore, non-standardized total return for a Sub-Account is higher than standardized total return for a Sub-Account.

The Sub-Account may also advertise adjusted non-standardized total return. These figures will be calculated on a monthly basis from the inception date of the underlying fund for one, five and ten year periods or other relevant periods. Adjusted non-standardized total return is measured in the same manner as the standardized total return described above.

A Sub-Account may advertise non-standardized total returns for periods predating its inception as an investment option in this variable annuity. Such non-standardized total returns reflect the adjusted historical returns of the underlying Fund in which the Sub-Account invests, as adjusted for certain Separate Account annual expenses (Mortality and Expense Risk Charges and Administrative Fees), but excludes adjustments for optional riders or deductions for Annual Maintenance Fees, sales charges, premium taxes and federal/state taxes (including possible penalties). To the extent that a Sub-Account invests in a Feeder Fund (a Feeder Fund is a fund that invests all of its assets into a corresponding Master Fund), the Feeder Fund’s performance for periods pre-dating the inception of the Feeder Fund and/or its inclusion within a Separate Account may include the performance of the Master Fund since the inception of the Master Fund, as adjusted for the Feeder Fund’s operating expenses. In such case, the performance of a Feeder Fund will be lower than the corresponding Master Fund because of Feeder Fund operating expenses. Performance may include the effect of waivers and reimbursements, in the absence of which performance may have been lower.

Yield for Sub-Accounts

If applicable, the Sub-Accounts may advertise yield in addition to total return. At any time in the future, yields may be higher or lower than past yields and past performance is no indication of future performance.

The standardized yield will be computed for periods beginning with the inception of the Sub-Account in the following manner. The net investment income per Accumulation Unit earned during a one-month period is divided by the Accumulation Unit Value on the last day of the period.

The formula we use to calculate yield is: YIELD = 2[(a – b/cd +1)⁶ – 1]. In this calculation, “a” represents the net investment income earned during the period by the underlying fund, “b” represents the expenses accrued for the period, “c” represents the average daily number of Accumulation Units outstanding during the period and “d” represents the maximum offering price per Accumulation Unit on the last day of the period.

Money Market Sub-Accounts

At any time in the future, current and effective yields may be higher or lower than past yields and past performance is no indication of future performance.

Current yield of a money market fund Sub-Account is calculated for a seven-day period or the “base period” without taking into consideration any realized or unrealized gains or losses on shares of the underlying fund. The first step in determining yield is to compute the base period return. We take a hypothetical account with a balance of one Accumulation Unit of the Sub-Account and calculates the net change in its value from the beginning of the base period to the end of the base period. We then subtract an amount equal to the total deductions for the Contract and then divides that number by the value of the account at the beginning of the base period. The result is the base period return or “BPR.” Once the base period return is calculated, we then multiply it by 365/7 to compute the current yield. Current yield is calculated to the nearest hundredth of one percent.

The formula for this calculation is YIELD = BPR × (365/7), where BPR = (A – B)/C. “A” is equal to the net change in value of a hypothetical account with a balance of one Accumulation Unit of the Sub-Account from the beginning of the base period to



4

the end of the base period. “B” is equal to the amount that we deduct for mortality and expense risk charge, any applicable administrative charge and the Annual Maintenance Fee. “C” represents the value of the Sub-Account at the beginning of the base period.

Effective yield is also calculated using the base period return. The effective yield is calculated by adding 1 to the base period return and raising that result to a power equal to 365 divided by 7 and subtracting 1 from the result. The calculation we use is:

EFFECTIVE YIELD = [(BASE PERIOD RETURN + 1)^365/7] – 1.

Additional Materials

We may provide information on various topics to Contract Owners and prospective Contract Owners in advertising, sales literature or other materials. These topics may include the relationship between sectors of the economy and the economy as a whole and its effect on various securities markets, investment strategies and techniques (such as value investing, dollar cost averaging and asset allocation), the advantages and disadvantages of investing in tax-deferred and taxable instruments, customer profiles and hypothetical purchase scenarios, financial management and tax and retirement planning, and other investment alternatives, including comparisons between the Contracts and the characteristics of and market for any alternatives.

Performance Comparisons

Each Sub-Account may from time to time include in advertisements the ranking of its performance figures compared with performance figures of other annuity contract’s sub-accounts with the same investment objectives which are created by Lipper Analytical Services, Morningstar, Inc. or other recognized ranking services.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To The Contract Owners of Hartford Life Insurance Company Separate Account Seven and the Board of Directors of Hartford Life Insurance Company

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statements of assets and liabilities as of December 31, 2017, the related statements of operations for the periods then ended, the statements of changes in net assets for each of the periods presented in two years then ended, the financial highlights in Note 6 for each of the periods presented in the five years then ended, and the related notes for each of the individual Sub-Accounts comprising Hartford Life Insurance Company Separate Account Seven (the “Account”):



American Century VP Value Fund	MFS® New Discovery Fund
American Century VP Growth Fund	MFS® Total Return Fund
AB VPS Balanced Wealth Strategy Portfolio	MFS® Value Fund
AB VPS International Value Portfolio	MFS® Total Return Bond Series
AB VPS Small/Mid Cap Value Portfolio	MFS® Research Fund
AB VPS Value Portfolio	MFS® High Yield Portfolio
AB VPS International Growth Portfolio	BlackRock Global Allocation V.I. Fund
Invesco V.I. Value Opportunities Fund	BlackRock Global Opportunities V.I. Fund
Invesco V.I. Core Equity Fund	BlackRock Large Cap Focus Growth V.I. Fund
Invesco V.I. Government Securities Fund	(Formerly BlackRock Large Cap Growth V.I. Fund)
Invesco V.I. High Yield Fund	BlackRock Equity Dividend V.I. Fund
Invesco V.I. International Growth Fund	Morgan Stanley VIF Core Plus Fixed Income Portfolio
Invesco V.I. Mid Cap Core Equity Fund	(Formerly UIF Core Plus Fixed Income Portfolio)
Invesco V.I. Small Cap Equity Fund	Morgan Stanley VIF Growth Portfolio
Invesco V.I. Balanced Risk Allocation Fund	(Formerly UIF Growth Portfolio)
Invesco V.I. Diversified Dividend Fund	Morgan Stanley VIF Mid Cap Growth Portfolio
Invesco V.I. Government Money Market Fund	(Formerly UIF Mid Cap Growth Portfolio)
American Century VP Mid Cap Value Fund	Invesco V.I. American Value Fund
American Funds Global Bond Fund	Morgan Stanley Mid Cap Growth Portfolio
American Funds Global Growth and Income Fund	BlackRock Capital Appreciation V.I. Fund
American Funds Asset Allocation Fund	Columbia Variable Portfolio - Asset Allocation Fund
American Funds Blue Chip Income and Growth Fund	Columbia Variable Portfolio - Dividend Opportunity Fund
American Funds Bond Fund	Columbia Variable Portfolio - Income Opportunities Fund
American Funds Global Growth Fund	Columbia Variable Portfolio - Mid Cap Growth Fund
American Funds Growth Fund	Oppenheimer Capital Appreciation Fund/VA
American Funds Growth-Income Fund	Oppenheimer Global Fund/VA
American Funds International Fund	Oppenheimer Main Street Fund®/VA
American Funds New World Fund	(Merged with Oppenheimer Equity Income Fund/VA)
American Funds Global Small Capitalization Fund	Oppenheimer Main Street Small Cap Fund/VA
Columbia Variable Portfolio - Small Company	Putnam VT Diversified Income Fund
Growth Fund	Putnam VT Global Asset Allocation Fund
Wells Fargo VT Omega Growth Fund	Putnam VT Growth Opportunities Fund
Fidelity® VIP Growth Portfolio	Putnam VT International Value Fund
Fidelity® VIP Contrafund® Portfolio	Putnam VT International Equity Fund
Fidelity® VIP Mid Cap Portfolio	Putnam VT Small Cap Value Fund
Fidelity® VIP Value Strategies Portfolio	JPMorgan Insurance Trust Core Bond Portfolio
Fidelity® VIP Dynamic Capital Appreciation Portfolio	JPMorgan Insurance Trust U.S. Equity Portfolio
Fidelity® VIP Strategic Income Portfolio	JPMorgan Insurance Trust Intrepid Mid Cap Portfolio
Franklin Rising Dividends VIP Fund
Franklin Income VIP Fund	JPMorgan Insurance Trust Mid Cap Value Portfolio
Franklin Large Cap Growth VIP Fund	Putnam VT Equity Income Fund
Franklin Global Real Estate VIP Fund	(Merged with Putnam VT Equity Income Fund)
Franklin Small-Mid Cap Growth VIP Fund	PIMCO All Asset Fund
Franklin Small Cap Value VIP Fund	PIMCO StocksPLUS Global Portfolio
Franklin Strategic Income VIP Fund	PIMCO Global Multi-Asset Managed Allocation Portfolio
Franklin Mutual Shares VIP Fund	Jennison 20/20 Focus Fund
Templeton Developing Markets VIP Fund	Jennison Fund
Templeton Foreign VIP Fund	Prudential Value Portfolio
Templeton Growth VIP Fund	Prudential SP International Growth Portfolio
Franklin Mutual Global Discovery VIP Fund	ClearBridge Variable Dividend Strategy Portfolio
Franklin Flex Cap Growth VIP Fund	Western Asset Variable Global High Yield Bond Portfolio
Templeton Global Bond VIP Fund	Clearbridge Variable Large Cap Value Portfolio
Hartford Balanced HLS Fund	Invesco V.I. Growth and Income Fund
Hartford Total Return Bond HLS Fund	Invesco V.I. Comstock Fund
Hartford Capital Appreciation HLS Fund	Invesco V.I. American Franchise Fund
Hartford Dividend and Growth HLS Fund	Invesco V.I. Mid Cap Growth Fund
Hartford Healthcare HLS Fund	Wells Fargo VT Index Asset Allocation Fund
Hartford Global Growth HLS Fund	Wells Fargo VT International Equity Fund
Hartford Disciplined Equity HLS Fund	Wells Fargo VT Small Cap Growth Fund
Hartford Growth Opportunities HLS Fund	Wells Fargo VT Discovery Fund
Hartford High Yield HLS Fund	Wells Fargo VT Opportunity Fund
Hartford International Opportunities HLS Fund	HIMCO VIT Index Fund
Hartford Small/Mid Cap Equity HLS Fund	HIMCO VIT Portfolio Diversifier Fund
Hartford MidCap HLS Fund	HIMCO VIT American Funds Asset Allocation Fund
Hartford MidCap Value HLS Fund	HIMCO VIT American Funds Blue Chip Income and Growth
Hartford Ultrashort Bond HLS Fund	Fund
Hartford Small Company HLS Fund	HIMCO VIT American Funds Bond Fund
Hartford SmallCap Growth HLS Fund	HIMCO VIT American Funds Global Bond Fund
Hartford Stock HLS Fund	HIMCO VIT American Funds Global Growth and Income
Hartford U.S. Government Securities HLS Fund	Fund
Hartford Value HLS Fund	HIMCO VIT American Funds Global Growth Fund
Rational Dividend Capture VA Fund (Formerly	HIMCO VIT American Funds Global Small Capitalization
Catalyst Dividend Capture Fund)	Fund
Rational Insider Buying VA Fund (Formerly	HIMCO VIT American Funds Growth Fund
Catalyst Insider Buyer Fund)	HIMCO VIT American Funds Growth-Income Fund
Lord Abbett Fundamental Equity Fund	HIMCO VIT American Funds International Fund
Lord Abbett Calibrated Dividend Growth Fund	HIMCO VIT American Funds New World Fund
Lord Abbett Bond Debenture Fund	MFS® Core Equity Portfolio
Lord Abbett Growth and Income Fund	MFS® Massachusetts Investors Growth Stock Portfolio
MFS® Growth Fund	MFS® Research International Portfolio
MFS® Global Equity Fund	Columbia Variable Portfolio - Large Cap Growth Fund
MFS® Investors Trust Fund	Columbia Variable Portfolio - Select International Equity
MFS® Mid Cap Growth Fund	Fund
	Variable Portfolio - Loomis Sayles Growth Fund

In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the individual Sub-Accounts above as of December 31, 2017, the results of their operations for the periods then ended, the changes in their net assets for each of the periods presented in the two years then ended, and the financial highlights in Note 6 for each of the periods presented in the five years then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Account's management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Account is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Account’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of investments owned as of December 31, 2017, by correspondence with the fund managers; when replies were not received from fund managers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ DELOITTE & TOUCHE LLP

Hartford, CT

April 19, 2018

We have served as the auditor of the sub-accounts that comprise Hartford Life Insurance Company Separate Account Seven since 2002.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities
December 31, 2017

	American Century VP Value Fund		American Century VP Growth Fund		AB VPS Balanced Wealth Strategy Portfolio		AB VPS International Value Portfolio		AB VPS Small/Mid Cap Value Portfolio		AB VPS Value Portfolio		AB VPS International Growth Portfolio		Invesco V.I. Value Opportunities Fund		Invesco V.I. Core Equity Fund		Invesco V.I. Government Securities Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		4,424,885		4,943,870		1,891,390		238,338		611,154		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	1,841,868		97,907		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		15,999,969		29,799,750		87,071,460
class S2	—		—		—		—		—		—		—		—		998,957		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	1,841,868		97,907		4,424,885		4,943,870		1,891,390		238,338		611,154		15,999,969		30,798,707		87,071,460
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	147		5		936		1,017		332		29		89		4,741		20,605		33,061
Other assets	—		—		1		1		—		—		—		1		—		8
Total assets	1,842,015		97,912		4,425,822		4,944,888		1,891,722		238,367		611,243		16,004,711		30,819,312		87,104,529

Liabilities:
Due to Sponsor Company	147		5		936		1,017		332		29		89		4,741		20,605		33,061
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	—		—		—		—		1		2		—		—		—		—
Total liabilities	147		5		936		1,017		333		31		89		4,741		20,605		33,061

Net assets:
For contract liabilities	$	1,841,868	$	97,907	$	4,424,886	$	4,943,871	$	1,891,389	$	238,336	$	611,154	$	15,999,970	$	30,798,707	$	87,071,468

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		4,424,886		4,943,871		1,891,389		238,336		611,154		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	1,841,868		97,907		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		15,999,970		29,799,751		87,071,468
class S2	—		—		—		—		—		—		—		—		998,956		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	1,841,868	$	97,907	$	4,424,886	$	4,943,871	$	1,891,389	$	238,336	$	611,154	$	15,999,970	$	30,798,707	$	87,071,468

Shares:
class 1	—		—		—		—		—		—		—		—		—		—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		377,228		306,122		88,054		13,857		26,805		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	164,159		6,593		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		2,110,814		811,540		7,631,153
class S2	—		—		—		—		—		—		—		—		27,611		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	164,159		6,593		377,228		306,122		88,054		13,857		26,805		2,110,814		839,151		7,631,153

Cost	$	1,228,111	$	81,415	$	4,251,711	$	4,073,096	$	1,618,328	$	170,735	$	453,762	$	16,664,391	$	25,339,954	$	91,520,062

Deferred contracts in the accumulation period:
Units owned by participants #	90,449		4,847		282,012		569,616		79,290		14,014		59,347		8,247,865		1,808,084		65,202,178
Minimum unit fair value #*	$	19.222298	$	20.200979	$	13.371184	$	7.642684	$	20.708518	$	13.516541	$	8.940547	$	1.703629	$	1.341748	$	1.166100
Maximum unit fair value #*	$	21.485379	$	20.200979	$	21.039797	$	16.752424	$	34.565515	$	15.208808	$	17.933019	$	26.109960	$	23.263545	$	9.959231
Contract liability	$	1,841,868	$	97,907	$	4,424,886	$	4,895,332	$	1,891,389	$	209,294	$	611,154	$	15,695,713	$	30,371,363	$	86,013,074

Contracts in payout (annuitization) period:
Units owned by participants #	—		—		—		5,842		—		1,986		—		151,026		32,219		768,683
Minimum unit fair value #*	$	—	$	—	$	—	$	8.308908	$	—	$	14.622376	$	—	$	1.943893	$	1.501325	$	1.330632
Maximum unit fair value #*	$	—	$	—	$	—	$	8.308908	$	—	$	14.622376	$	—	$	2.059518	$	20.308036	$	1.409789
Contract liability	$	—	$	—	$	—	$	48,539	$	—	$	29,042	$	—	$	304,257	$	427,344	$	1,058,394

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	Invesco V.I. High Yield Fund		Invesco V.I. International Growth Fund		Invesco V.I. Mid Cap Core Equity Fund		Invesco V.I. Small Cap Equity Fund		Invesco V.I. Balanced Risk Allocation Fund		Invesco V.I. Diversified Dividend Fund		Invesco V.I. Government Money Market Fund		American Century VP Mid Cap Value Fund		American Funds Global Bond Fund		American Funds Global Growth and Income Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		23,718,958		43,502,836
class 4	—		—		—		—		—		—		—		—		2,114,158		7,836,594
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		151,362		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	508,940		24,993,057		32,079,550		19,176,414		—		—		48,354,413		—		—		—
class S2	—		9,448,053		69,466		3,356,563		1,531,699		7,564		734,858		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	508,940		34,441,110		32,149,016		22,532,977		1,531,699		7,564		49,089,271		151,362		25,833,116		51,339,430
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	96		6,569		8,350		6,363		890		1		60,998		8		7,838		8,783
Other assets	—		—		—		3		1		—		13		—		—		1
Total assets	509,036		34,447,679		32,157,366		22,539,343		1,532,590		7,565		49,150,282		151,370		25,840,954		51,348,214

Liabilities:
Due to Sponsor Company	96		6,569		8,350		6,363		890		1		60,998		8		7,838		8,783
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	3		1		3		—		—		—		—		—		—		—
Total liabilities	99		6,570		8,353		6,363		890		1		60,998		8		7,838		8,783

Net assets:
For contract liabilities	$	508,937	$	34,441,109	$	32,149,013	$	22,532,980	$	1,531,700	$	7,564	$	49,089,284	$	151,362	$	25,833,116	$	51,339,431

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		23,718,957		43,502,836
class 4	—		—		—		—		—		—		—		—		2,114,159		7,836,595
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		151,362		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	508,937		24,993,054		32,079,547		19,176,418		—		—		48,354,425		—		—		—
class S2	—		9,448,055		69,466		3,356,562		1,531,700		7,564		734,859		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	508,937	$	34,441,109	$	32,149,013	$	22,532,980	$	1,531,700	$	7,564	$	49,089,284	$	151,362	$	25,833,116	$	51,339,431

Shares:
class 1	—		—		—		—		—		—		—		—		—		—
class 2	—		—		—		—		—		—		—		—		2,011,786		2,756,834
class 4	—		—		—		—		—		—		—		—		180,697		502,346
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		6,650		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	92,367		626,550		2,226,201		957,862		—		—		48,354,413		—		—		—
class S2	—		240,225		4,923		176,198		137,126		280		734,858		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	92,367		866,775		2,231,124		1,134,060		137,126		280		49,089,271		6,650		2,192,483		3,259,180

Cost	$	509,406	$	24,980,785	$	28,244,297	$	20,062,829	$	1,580,352	$	4,516	$	49,089,271	$	114,851	$	25,132,885	$	39,901,862

Deferred contracts in the accumulation period:
Units owned by participants #	125,926		9,658,427		11,813,171		930,038		109,910		394		5,229,233		6,844		2,072,149		3,115,932
Minimum unit fair value #*	$	1.857650	$	2.407670	$	2.412074	$	17.547774	$	13.062314	$	19.204376	$	8.876326	$	20.941448	$	9.904477	$	10.570853
Maximum unit fair value #*	$	21.668157	$	20.221611	$	22.473592	$	28.633155	$	14.861220	$	19.204376	$	9.841936	$	22.362747	$	14.019818	$	25.216737
Contract liability	$	506,190	$	34,341,083	$	31,851,469	$	22,443,301	$	1,531,700	$	7,564	$	48,704,361	$	151,362	$	25,479,895	$	50,803,206

Contracts in payout (annuitization) period:
Units owned by participants #	1,303		35,028		104,516		3,416		—		—		40,688		—		27,190		30,929
Minimum unit fair value #*	$	2.107655	$	2.747192	$	2.752234	$	25.550876	$	—	$	—	$	9.314545	$	—	$	9.966052	$	10.618380
Maximum unit fair value #*	$	2.107655	$	2.910603	$	2.915945	$	26.853289	$	—	$	—	$	9.465397	$	—	$	13.253622	$	18.839462
Contract liability	$	2,747	$	100,026	$	297,544	$	89,679	$	—	$	—	$	384,923	$	—	$	353,221	$	536,225

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	American Funds Asset Allocation Fund		American Funds Blue Chip Income and Growth Fund		American Funds Bond Fund		American Funds Global Growth Fund		American Funds Growth Fund		American Funds Growth-Income Fund		American Funds International Fund		American Funds New World Fund		American Funds Global Small Capitalization Fund		Columbia Variable Portfolio - Small Company Growth Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	4,816,534
class 2	150,146,603		83,759,192		115,167,981		49,704,597		402,452,774		345,899,767		83,252,028		32,274,714		33,004,204		—
class 4	9,044,278		5,272,202		21,401,476		3,021,371		45,412,530		26,103,424		27,592,342		4,205,025		6,661,764		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	159,190,881		89,031,394		136,569,457		52,725,968		447,865,304		372,003,191		110,844,370		36,479,739		39,665,968		4,816,534
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	43,440		20,290		42,557		8,801		206,831		163,677		54,075		23,052		10,883		12,315
Other assets	—		—		5		2		4		1		—		3		—		—
Total assets	159,234,321		89,051,684		136,612,019		52,734,771		448,072,139		372,166,869		110,898,445		36,502,794		39,676,851		4,828,849

Liabilities:
Due to Sponsor Company	43,440		20,290		42,557		8,801		206,831		163,677		54,075		23,052		10,883		12,315
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	5		7		—		—		—		—		—		—		3		1
Total liabilities	43,445		20,297		42,557		8,801		206,831		163,677		54,075		23,052		10,886		12,316

Net assets:
For contract liabilities	$	159,190,876	$	89,031,387	$	136,569,462	$	52,725,970	$	447,865,308	$	372,003,192	$	110,844,370	$	36,479,742	$	39,665,965	$	4,816,533

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	4,816,533
class 2	150,146,598		83,759,185		115,167,984		49,704,600		402,452,776		345,899,768		83,252,028		32,274,716		33,004,201		—
class 4	9,044,278		5,272,202		21,401,478		3,021,370		45,412,532		26,103,424		27,592,342		4,205,026		6,661,764		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	159,190,876	$	89,031,387	$	136,569,462	$	52,725,970	$	447,865,308	$	372,003,192	$	110,844,370	$	36,479,742	$	39,665,965	$	4,816,533

Shares:
class 1	—		—		—		—		—		—		—		—		—		257,431
class 2	6,391,937		5,659,405		10,773,431		1,643,670		5,203,009		6,958,354		3,848,915		1,287,384		1,335,122		—
class 4	386,508		356,953		2,003,884		100,278		593,163		529,374		1,288,158		168,268		267,433		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	6,778,445		6,016,358		12,777,315		1,743,948		5,796,172		7,487,728		5,137,073		1,455,652		1,602,555		257,431

Cost	$	120,831,449	$	69,265,730	$	138,931,688	$	39,656,880	$	357,805,504	$	298,758,850	$	95,587,227	$	28,497,610	$	32,507,041	$	3,696,134

Deferred contracts in the accumulation period:
Units owned by participants #	7,382,818		39,247,911		9,402,578		2,123,924		20,241,762		15,615,330		6,848,927		1,406,308		1,842,940		1,528,134
Minimum unit fair value #*	$	10.371941	$	1.891730	$	9.935904	$	10.590156	$	10.614809	$	10.721953	$	10.611129	$	10.768239	$	10.790498	$	2.061874
Maximum unit fair value #*	$	27.951597	$	27.515855	$	18.240164	$	34.080432	$	34.381516	$	32.619326	$	24.051776	$	39.540783	$	33.123821	$	29.216137
Contract liability	$	156,576,606	$	87,691,733	$	135,017,977	$	52,416,164	$	443,982,842	$	367,774,635	$	110,093,246	$	36,247,841	$	39,474,724	$	4,763,716

Contracts in payout (annuitization) period:
Units owned by participants #	107,813		573,670		96,642		11,079		144,068		163,263		36,157		7,671		7,175		22,576
Minimum unit fair value #*	$	10.418576	$	2.160159	$	9.980590	$	10.637763	$	10.664821	$	10.770160	$	10.658822	$	10.816629	$	10.838991	$	2.339489
Maximum unit fair value #*	$	27.951597	$	10.861983	$	18.240164	$	34.080432	$	34.381516	$	32.619326	$	23.568227	$	37.082556	$	33.123821	$	2.339489
Contract liability	$	2,614,270	$	1,339,654	$	1,551,485	$	309,806	$	3,882,466	$	4,228,557	$	751,124	$	231,901	$	191,241	$	52,817

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	Wells Fargo VT Omega Growth Fund		Fidelity® VIP Growth Portfolio		Fidelity® VIP Contrafund® Portfolio		Fidelity® VIP Mid Cap Portfolio		Fidelity® VIP Value Strategies Portfolio		Fidelity® VIP Dynamic Capital Appreciation Portfolio		Fidelity® VIP Strategic Income Portfolio		Franklin Rising Dividends VIP Fund		Franklin Income VIP Fund		Franklin Large Cap Growth VIP Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	584,474	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	8,119		—		—		—		—		—		—		162,951,134		300,112,015		23,627,679
class 4	—		—		—		—		—		—		—		1,203,994		33,231,301		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		1,814,727		14,891,379		12,575,581		656,856		274,613		118,687		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	592,593		1,814,727		14,891,379		12,575,581		656,856		274,613		118,687		164,155,128		333,343,316		23,627,679
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	1,466		1,139		1,943		2,866		110		42		6		56,476		125,323		21,286
Other assets	—		—		—		—		—		—		—		—		—		2
Total assets	594,059		1,815,866		14,893,322		12,578,447		656,966		274,655		118,693		164,211,604		333,468,639		23,648,967

Liabilities:
Due to Sponsor Company	1,466		1,139		1,943		2,866		110		42		6		56,476		125,323		21,286
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	—		3		3		3		—		—		—		3		—		—
Total liabilities	1,466		1,142		1,946		2,869		110		42		6		56,479		125,323		21,286

Net assets:
For contract liabilities	$	592,593	$	1,814,724	$	14,891,376	$	12,575,578	$	656,856	$	274,613	$	118,687	$	164,155,125	$	333,343,316	$	23,627,681

Contract Liabilities:
class 1	$	584,474	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	8,119		—		—		—		—		—		—		162,951,131		300,112,015		23,627,681
class 4	—		—		—		—		—		—		—		1,203,994		33,231,301		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		1,814,724		14,891,376		12,575,578		656,856		274,613		118,687		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	592,593	$	1,814,724	$	14,891,376	$	12,575,578	$	656,856	$	274,613	$	118,687	$	164,155,125	$	333,343,316	$	23,627,681

Shares:
class 1	20,161		—		—		—		—		—		—		—		—		—
class 2	291		—		—		—		—		—		—		5,725,620		18,559,803		1,153,695
class 4	—		—		—		—		—		—		—		42,186		2,010,363		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		24,907		401,927		332,775		45,678		19,545		10,411		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	20,452		24,907		401,927		332,775		45,678		19,545		10,411		5,767,806		20,570,166		1,153,695

Cost	$	531,279	$	1,393,353	$	10,376,089	$	9,421,234	$	501,087	$	228,262	$	119,859	$	122,014,577	$	309,536,852	$	19,945,970

Deferred contracts in the accumulation period:
Units owned by participants #	280,899		84,524		722,430		618,965		31,607		12,456		7,473		5,666,957		15,141,455		1,135,908
Minimum unit fair value #*	$	1.613701	$	19.013623	$	17.363977	$	17.940779	$	17.539924	$	19.546704	$	15.814675	$	21.443181	$	13.876655	$	18.515448
Maximum unit fair value #*	$	32.997419	$	33.085123	$	30.342536	$	29.945223	$	34.694125	$	32.020489	$	16.017684	$	32.540421	$	25.863286	$	24.739236
Contract liability	$	592,593	$	1,774,170	$	14,837,068	$	12,568,238	$	656,856	$	270,128	$	118,687	$	162,100,050	$	327,812,819	$	23,423,003

Contracts in payout (annuitization) period:
Units owned by participants #	—		2,031		2,856		367		—		218		—		68,914		234,500		9,480
Minimum unit fair value #*	$	—	$	19.972178	$	18.785750	$	19.409761	$	—	$	20.532130	$	—	$	28.778050	$	15.086659	$	21.082381
Maximum unit fair value #*	$	—	$	19.972178	$	19.539621	$	20.188732	$	—	$	20.532130	$	—	$	30.517325	$	24.255422	$	22.282173
Contract liability	$	—	$	40,554	$	54,308	$	7,340	$	—	$	4,485	$	—	$	2,055,075	$	5,530,497	$	204,678

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	Franklin Global Real Estate VIP Fund		Franklin Small-Mid Cap Growth VIP Fund		Franklin Small Cap Value VIP Fund		Franklin Strategic Income VIP Fund		Franklin Mutual Shares VIP Fund		Templeton Developing Markets VIP Fund		Templeton Foreign VIP Fund		Templeton Growth VIP Fund		Franklin Mutual Global Discovery VIP Fund		Franklin Flex Cap Growth VIP Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	81,778,315	$	—	$	16,265,394	$	—	$	—	$	—	$	—
class 2	811,967		45,907,109		8,760,244		415,124		167,145,814		—		58,510,131		99,605,740		52,611,592		9,698,838
class 4	—		1,813,766		3,407,321		18,562,762		21,888,439		2,062,514		4,638,474		10,035,593		5,097,592		1,271,436
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	811,967		47,720,875		12,167,565		100,756,201		189,034,253		18,327,908		63,148,605		109,641,333		57,709,184		10,970,274
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	103		19,748		2,325		36,276		116,793		11,352		41,016		60,334		17,241		18,301
Other assets	—		6		—		—		2		2		1		—		1		—
Total assets	812,070		47,740,629		12,169,890		100,792,477		189,151,048		18,339,262		63,189,622		109,701,667		57,726,426		10,988,575

Liabilities:
Due to Sponsor Company	103		19,748		2,325		36,276		116,793		11,352		41,016		60,334		17,241		18,301
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	2		—		1		1		—		—		—		5		—		—
Total liabilities	105		19,748		2,326		36,277		116,793		11,352		41,016		60,339		17,241		18,301

Net assets:
For contract liabilities	$	811,965	$	47,720,881	$	12,167,564	$	100,756,200	$	189,034,255	$	18,327,910	$	63,148,606	$	109,641,328	$	57,709,185	$	10,970,274

Contract Liabilities:
class 1	$	—	$	—	$	—	$	81,778,313	$	—	$	16,265,395	$	—	$	—	$	—	$	—
class 2	811,965		45,907,115		8,760,244		415,125		167,145,817		—		58,510,132		99,605,736		52,611,592		9,698,838
class 4	—		1,813,766		3,407,320		18,562,762		21,888,438		2,062,515		4,638,474		10,035,592		5,097,593		1,271,436
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	811,965	$	47,720,881	$	12,167,564	$	100,756,200	$	189,034,255	$	18,327,910	$	63,148,606	$	109,641,328	$	57,709,185	$	10,970,274

Shares:
class 1	—		—		—		7,314,697		—		1,577,633		—		—		—		—
class 2	49,151		2,574,711		442,437		38,437		8,209,520		—		3,782,168		6,237,054		2,657,152		1,300,113
class 4	—		98,201		168,512		1,675,340		1,066,168		200,634		295,256		622,169		252,731		176,343
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	49,151		2,672,912		610,949		9,028,474		9,275,688		1,778,267		4,077,424		6,859,223		2,909,883		1,476,456

Cost	$	770,939	$	51,917,575	$	11,076,767	$	107,344,601	$	158,759,189	$	16,204,480	$	57,752,392	$	84,689,182	$	56,677,770	$	12,800,436

Deferred contracts in the accumulation period:
Units owned by participants #	32,227		2,529,487		643,915		5,063,783		8,238,710		817,028		4,175,377		5,950,497		2,005,499		557,364
Minimum unit fair value #*	$	19.596544	$	12.588723	$	16.510274	$	11.942073	$	13.694595	$	9.296015	$	10.134400	$	12.246020	$	14.263263	$	17.726448
Maximum unit fair value #*	$	25.300343	$	29.331498	$	32.012289	$	26.225411	$	30.462534	$	31.879178	$	18.486970	$	22.775861	$	35.614304	$	26.522361
Contract liability	$	792,772	$	47,258,936	$	12,149,892	$	99,322,753	$	186,674,521	$	18,272,184	$	62,504,844	$	108,325,074	$	57,081,175	$	10,947,746

Contracts in payout (annuitization) period:
Units owned by participants #	795		23,014		916		61,881		87,905		2,452		38,847		63,445		20,753		1,137
Minimum unit fair value #*	$	24.156631	$	14.468799	$	18.018295	$	13.701587	$	14.888992	$	10.057259	$	14.982619	$	18.568318	$	15.507121	$	18.620097
Maximum unit fair value #*	$	24.156631	$	26.267693	$	21.435996	$	24.489527	$	28.445755	$	29.768619	$	17.262802	$	21.267845	$	33.400050	$	20.914372
Contract liability	$	19,193	$	461,945	$	17,672	$	1,433,447	$	2,359,734	$	55,726	$	643,762	$	1,316,254	$	628,010	$	22,528

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	Templeton Global Bond VIP Fund		Hartford Balanced HLS Fund		Hartford Total Return Bond HLS Fund		Hartford Capital Appreciation HLS Fund		Hartford Dividend and Growth HLS Fund		Hartford Healthcare HLS Fund		Hartford Global Growth HLS Fund		Hartford Disciplined Equity HLS Fund		Hartford Growth Opportunities HLS Fund		Hartford High Yield HLS Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	326,416		—		—		—		—		—		—		—		—		—
class 4	11,405,137		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		4,920,083		85,385,734		86,855,981		63,624,890		—		297,199		11,745,592		22,866,707		6,084,302
class IB	—		8,166,677		19,925,032		19,996,697		14,949,888		80,423		701,728		227,474		1,110,697		482,525
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	11,731,553		13,086,760		105,310,766		106,852,678		78,574,778		80,423		998,927		11,973,066		23,977,404		6,566,827
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	414		4,274		117,492		96,241		16,131		9		137		2,154		5,704		1,312
Other assets	—		3		6		—		—		—		—		2		—		—
Total assets	11,731,967		13,091,037		105,428,264		106,948,919		78,590,909		80,432		999,064		11,975,222		23,983,108		6,568,139

Liabilities:
Due to Sponsor Company	414		4,274		117,492		96,241		16,131		9		137		2,154		5,704		1,312
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	3		—		—		—		2		—		2		—		3		1
Total liabilities	417		4,274		117,492		96,241		16,133		9		139		2,154		5,707		1,313

Net assets:
For contract liabilities	$	11,731,550	$	13,086,763	$	105,310,772	$	106,852,678	$	78,574,776	$	80,423	$	998,925	$	11,973,068	$	23,977,401	$	6,566,826

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	326,416		—		—		—		—		—		—		—		—		—
class 4	11,405,134		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		4,920,083		85,385,736		86,855,984		63,624,889		—		297,200		11,745,593		22,866,704		6,084,302
class IB	—		8,166,680		19,925,036		19,996,694		14,949,887		80,423		701,725		227,475		1,110,697		482,524
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	11,731,550	$	13,086,763	$	105,310,772	$	106,852,678	$	78,574,776	$	80,423	$	998,925	$	11,973,068	$	23,977,401	$	6,566,826

Shares:
class 1	—		—		—		—		—		—		—		—		—		—
class 2	19,771		—		—		—		—		—		—		—		—		—
class 4	676,060		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		158,610		7,542,909		1,803,488		2,656,571		—		10,656		761,218		595,177		741,988
class IB	—		259,424		1,771,114		421,160		626,830		3,767		25,397		14,897		30,092		59,867
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	695,831		418,034		9,314,023		2,224,648		3,283,401		3,767		36,053		776,115		625,269		801,855

Cost	$	12,373,200	$	9,928,475	$	103,518,594	$	92,044,338	$	66,601,056	$	68,724	$	779,227	$	10,664,282	$	18,098,002	$	6,717,189

Deferred contracts in the accumulation period:
Units owned by participants #	852,561		3,778,985		16,643,708		10,124,290		7,097,098		13,766		164,026		592,989		1,149,641		392,277
Minimum unit fair value #*	$	10.684534	$	1.533162	$	1.403226	$	2.294857	$	2.264855	$	5.842235	$	1.477628	$	2.838367	$	3.312146	$	2.384773
Maximum unit fair value #*	$	14.847828	$	22.937937	$	14.533811	$	31.279734	$	30.360968	$	5.842235	$	30.730518	$	33.884927	$	36.470168	$	22.685083
Contract liability	$	11,713,624	$	12,942,837	$	104,995,063	$	106,520,018	$	78,225,635	$	80,423	$	933,886	$	11,818,685	$	23,952,795	$	6,559,851

Contracts in payout (annuitization) period:
Units owned by participants #	1,276		72,668		174,077		97,428		111,190		—		13,863		7,766		1,149		380
Minimum unit fair value #*	$	13.594138	$	1.739634	$	1.592116	$	2.603883	$	2.569841	$	—	$	3.574467	$	2.916274	$	21.418408	$	18.368377
Maximum unit fair value #*	$	14.139620	$	2.125606	$	13.097622	$	18.048084	$	20.013822	$	—	$	16.876934	$	21.770343	$	21.418408	$	18.368377
Contract liability	$	17,926	$	143,926	$	315,709	$	332,660	$	349,141	$	—	$	65,039	$	154,383	$	24,606	$	6,975

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	Hartford International Opportunities HLS Fund		Hartford Small/Mid Cap Equity HLS Fund		Hartford MidCap HLS Fund		Hartford MidCap Value HLS Fund		Hartford Ultrashort Bond HLS Fund		Hartford Small Company HLS Fund		Hartford SmallCap Growth HLS Fund		Hartford Stock HLS Fund		Hartford U.S. Government Securities HLS Fund		Hartford Value HLS Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	4,306,239		1,000,286		—		—		45,719,088		1,064,689		1,467,025		774,577		3,164,980		955,634
class IB	3,071,124		262,524		810,909		346,888		3,352,311		1,703,913		70,840		6,209,473		1,372,832		308,481
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	7,377,363		1,262,810		810,909		346,888		49,071,399		2,768,602		1,537,865		6,984,050		4,537,812		1,264,115
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	56,201		824		172		10,513		8,486		835		385		3,595		617		152
Other assets	1		1		—		—		11		4		—		—		—		—
Total assets	7,433,565		1,263,635		811,081		357,401		49,079,896		2,769,441		1,538,250		6,987,645		4,538,429		1,264,267

Liabilities:
Due to Sponsor Company	56,201		824		172		10,513		8,486		835		385		3,595		617		152
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	—		—		—		1		—		—		1		1		1		1
Total liabilities	56,201		824		172		10,514		8,486		835		386		3,596		618		153

Net assets:
For contract liabilities	$	7,377,364	$	1,262,811	$	810,909	$	346,887	$	49,071,410	$	2,768,606	$	1,537,864	$	6,984,049	$	4,537,811	$	1,264,114

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	4,306,238		1,000,286		—		—		45,719,098		1,064,690		1,467,024		774,575		3,164,980		955,633
class IB	3,071,126		262,525		810,909		346,887		3,352,312		1,703,916		70,840		6,209,474		1,372,831		308,481
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	7,377,364	$	1,262,811	$	810,909	$	346,887	$	49,071,410	$	2,768,606	$	1,537,864	$	6,984,049	$	4,537,811	$	1,264,114

Shares:
class 1	—		—		—		—		—		—		—		—		—		—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	246,635		113,540		—		—		4,544,641		52,140		45,659		9,735		309,989		59,541
class IB	173,706		30,003		20,697		27,751		333,563		89,821		2,265		78,067		134,591		19,256
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	420,341		143,543		20,697		27,751		4,878,204		141,961		47,924		87,802		444,580		78,797

Cost	$	5,440,884	$	1,180,886	$	559,746	$	342,680	$	48,843,152	$	2,566,012	$	1,291,197	$	4,457,308	$	4,680,930	$	973,407

Deferred contracts in the accumulation period:
Units owned by participants #	1,068,838		60,900		81,173		26,009		44,342,027		605,827		75,199		2,901,713		563,800		104,653
Minimum unit fair value #*	$	1.796806	$	18.422215	$	9.696947	$	2.885820	$	0.801786	$	2.279534	$	3.262709	$	1.562072	$	1.113616	$	2.383101
Maximum unit fair value #*	$	21.188012	$	32.830489	$	9.696947	$	33.580303	$	9.800911	$	29.886392	$	39.206842	$	30.064906	$	11.737333	$	28.535135
Contract liability	$	7,268,174	$	1,262,811	$	787,128	$	346,887	$	48,318,684	$	2,747,177	$	1,537,864	$	6,849,522	$	4,537,811	$	1,262,257

Contracts in payout (annuitization) period:
Units owned by participants #	30,890		—		2,452		—		730,080		6,303		—		68,038		—		100
Minimum unit fair value #*	$	2.038848	$	—	$	9.696947	$	—	$	0.909625	$	2.586503	$	—	$	1.772511	$	—	$	18.645711
Maximum unit fair value #*	$	12.808856	$	—	$	9.696947	$	—	$	1.066531	$	18.787244	$	—	$	2.204388	$	—	$	18.645711
Contract liability	$	109,190	$	—	$	23,781	$	—	$	752,726	$	21,429	$	—	$	134,527	$	—	$	1,857

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	Rational Dividend Capture VA Fund		Rational Insider Buying VA Fund		Lord Abbett Fundamental Equity Fund		Lord Abbett Calibrated Dividend Growth Fund		Lord Abbett Bond Debenture Fund		Lord Abbett Growth and Income Fund		MFS® Growth Fund		MFS® Global Equity Fund		MFS® Investors Trust Fund		MFS® Mid Cap Growth Fund
	Sub-Account (1)		Sub-Account (2)		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		26,779,121		5,247,442		49,543,890		15,121,770
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		1,595,929		—		197,739		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		1,385,575		3,061,892		9,682,291		1,576,088		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	3,403,370		3,494,539		—		—		—		—		—		—		—		—
Total investments	3,403,370		3,494,539		1,385,575		3,061,892		9,682,291		1,576,088		28,375,050		5,247,442		49,741,629		15,121,770
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	420		526		82		401		1,754		208		6,715		852		30,913		2,469
Other assets	—		—		—		2		—		—		—		2		1		—
Total assets	3,403,790		3,495,065		1,385,657		3,062,295		9,684,045		1,576,296		28,381,765		5,248,296		49,772,543		15,124,239

Liabilities:
Due to Sponsor Company	420		526		82		401		1,754		208		6,715		852		30,913		2,469
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	1		1		—		—		—		1		4		—		—		1
Total liabilities	421		527		82		401		1,754		209		6,719		852		30,913		2,470

Net assets:
For contract liabilities	$	3,403,369	$	3,494,538	$	1,385,575	$	3,061,894	$	9,682,291	$	1,576,087	$	28,375,046	$	5,247,444	$	49,741,630	$	15,121,769

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		26,779,118		5,247,444		49,543,892		15,121,769
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		1,595,928		—		197,738		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		1,385,575		3,061,894		9,682,291		1,576,087		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	3,403,369		3,494,538		—		—		—		—		—		—		—		—
Total contract liabilities	$	3,403,369	$	3,494,538	$	1,385,575	$	3,061,894	$	9,682,291	$	1,576,087	$	28,375,046	$	5,247,444	$	49,741,630	$	15,121,769

Shares:
class 1	—		—		—		—		—		—		—		—		—		—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		547,630		238,520		1,647,619		1,590,091
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		33,762		—		6,660		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		73,466		191,129		782,091		42,425		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	288,911		253,964		—		—		—		—		—		—		—		—
Total shares	288,911		253,964		73,466		191,129		782,091		42,425		581,392		238,520		1,654,279		1,590,091

Cost	$	3,539,303	$	4,177,257	$	1,303,745	$	2,790,342	$	8,973,551	$	1,039,371	$	20,549,413	$	4,013,203	$	36,398,614	$	12,260,054

Deferred contracts in the accumulation period:
Units owned by participants #	653,140		1,184,882		60,492		145,762		548,227		93,217		1,517,876		196,873		2,552,051		1,339,073
Minimum unit fair value #*	$	1.929995	$	2.134848	$	19.572903	$	19.988565	$	15.986449	$	15.689650	$	12.483623	$	22.323313	$	16.951539	$	9.989835
Maximum unit fair value #*	$	21.696327	$	28.771114	$	24.038372	$	25.639729	$	20.600432	$	23.485274	$	33.842612	$	33.295481	$	26.036245	$	33.935009
Contract liability	$	3,399,546	$	3,491,699	$	1,385,575	$	3,061,894	$	9,666,204	$	1,576,087	$	28,028,390	$	5,177,919	$	49,077,342	$	15,070,417

Contracts in payout (annuitization) period:
Units owned by participants #	1,776		1,138		—		—		894		—		15,636		2,406		31,661		4,378
Minimum unit fair value #*	$	2.152629	$	2.493571	$	—	$	—	$	17.987565	$	—	$	14.154768	$	25.541640	$	18.992524	$	11.194284
Maximum unit fair value #*	$	2.152629	$	2.493571	$	—	$	—	$	17.987565	$	—	$	22.875174	$	31.225529	$	22.897077	$	12.000387
Contract liability	$	3,823	$	2,839	$	—	$	—	$	16,087	$	—	$	346,656	$	69,525	$	664,288	$	51,352

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	MFS® New Discovery Fund		MFS® Total Return Fund		MFS® Value Fund		MFS® Total Return Bond Series		MFS® Research Fund		MFS® High Yield Portfolio		BlackRock Global Allocation V.I. Fund		BlackRock Global Opportunities V.I. Fund		BlackRock Large Cap Focus Growth V.I. Fund		BlackRock Equity Dividend V.I. Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account (3)		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		30,306		363,832		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		233,835		—		—		695,324
class INIT	30,997,159		137,989,690		43,261,032		62,399,609		4,116,071		29,269,486		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	98,449		8,012,394		18,545,725		12,083,420		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	31,095,608		146,002,084		61,806,757		74,483,029		4,116,071		29,269,486		233,835		30,306		363,832		695,324
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	18,321		210,771		16,736		30,393		665		10,354		1,095		6		64		40
Other assets	—		2		3		—		—		2		—		—		—		—
Total assets	31,113,929		146,212,857		61,823,496		74,513,422		4,116,736		29,279,842		234,930		30,312		363,896		695,364

Liabilities:
Due to Sponsor Company	18,321		210,771		16,736		30,393		665		10,354		1,095		6		64		40
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	—		—		—		4		2		—		1		—		1		—
Total liabilities	18,321		210,771		16,736		30,397		667		10,354		1,096		6		65		40

Net assets:
For contract liabilities	$	31,095,608	$	146,002,086	$	61,806,760	$	74,483,025	$	4,116,069	$	29,269,488	$	233,834	$	30,306	$	363,831	$	695,324

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		30,306		363,831		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		233,834		—		—		695,324
class INIT	30,997,159		137,989,692		43,261,036		62,399,608		4,116,069		29,269,488		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	98,449		8,012,394		18,545,724		12,083,417		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	31,095,608	$	146,002,086	$	61,806,760	$	74,483,025	$	4,116,069	$	29,269,488	$	233,834	$	30,306	$	363,831	$	695,324

Shares:
class 1	—		—		—		—		—		—		—		—		—		—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		1,737		25,075		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		15,757		—		—		57,370
class INIT	1,542,148		5,586,627		2,067,927		4,720,092		139,528		5,072,701		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	5,301		330,000		902,468		930,209		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	1,547,449		5,916,627		2,970,395		5,650,301		139,528		5,072,701		15,757		1,737		25,075		57,370

Cost	$	24,483,428	$	122,618,064	$	46,321,022	$	73,034,424	$	3,465,054	$	30,587,818	$	231,226	$	24,429	$	299,886	$	571,313

Deferred contracts in the accumulation period:
Units owned by participants #	1,224,878		6,778,447		2,223,961		5,281,159		173,623		2,457,528		17,028		1,462		15,345		34,579
Minimum unit fair value #*	$	17.687057	$	14.465152	$	17.942379	$	11.425059	$	21.680678	$	11.142162	$	13.683454	$	20.726269	$	19.721825	$	19.029838
Maximum unit fair value #*	$	37.486021	$	26.932336	$	37.043103	$	15.675497	$	27.931035	$	12.166841	$	13.826114	$	20.726269	$	31.796548	$	20.321731
Contract liability	$	30,752,860	$	143,966,088	$	61,500,520	$	74,219,281	$	4,116,069	$	28,630,116	$	233,834	$	30,306	$	363,831	$	695,324

Contracts in payout (annuitization) period:
Units owned by participants #	11,576		86,148		9,212		18,153		—		54,316		—		—		—		—
Minimum unit fair value #*	$	20.237750	$	16.276187	$	20.188758	$	14.058132	$	—	$	11.709112	$	—	$	—	$	—	$	—
Maximum unit fair value #*	$	35.154951	$	25.149483	$	34.740189	$	14.702865	$	—	$	11.895454	$	—	$	—	$	—	$	—
Contract liability	$	342,748	$	2,035,998	$	306,240	$	263,744	$	—	$	639,372	$	—	$	—	$	—	$	—

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	Morgan Stanley VIF Core Plus Fixed Income Portfolio		Morgan Stanley VIF Growth Portfolio		Morgan Stanley VIF Mid Cap Growth Portfolio		Invesco V.I. American Value Fund		BlackRock Capital Appreciation V.I. Fund		Columbia Variable Portfolio - Asset Allocation Fund		Columbia Variable Portfolio - Dividend Opportunity Fund		Columbia Variable Portfolio - Income Opportunities Fund		Columbia Variable Portfolio - Mid Cap Growth Fund		Oppenheimer Capital Appreciation Fund/VA
	Sub-Account (4)		Sub-Account (5)		Sub-Account (6)		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	1,931,134	$	7,236,020	$	5,519,773	$	7,176,537	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	44,894		280,827		1,503,552		—		—		—		—		—		—		—
class III	—		—		—		—		539,620		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		1,098,112		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		478,269
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	44,894		280,827		1,503,552		1,098,112		539,620		1,931,134		7,236,020		5,519,773		7,176,537		478,269
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	6		44		427		455		32		325		74,160		34,676		3,126		63
Other assets	—		—		—		—		—		—		1		—		—		—
Total assets	44,900		280,871		1,503,979		1,098,567		539,652		1,931,459		7,310,181		5,554,449		7,179,663		478,332

Liabilities:
Due to Sponsor Company	6		44		427		455		32		325		74,160		34,676		3,126		63
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	—		1		—		—		1		—		—		—		2		2
Total liabilities	6		45		427		455		33		325		74,160		34,676		3,128		65

Net assets:
For contract liabilities	$	44,894	$	280,826	$	1,503,552	$	1,098,112	$	539,619	$	1,931,134	$	7,236,021	$	5,519,773	$	7,176,535	$	478,267

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	1,931,134	$	7,236,021	$	5,519,773	$	7,176,535	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	44,894		280,826		1,503,552		—		—		—		—		—		—		—
class III	—		—		—		—		539,619		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		1,098,112		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		478,267
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	44,894	$	280,826	$	1,503,552	$	1,098,112	$	539,619	$	1,931,134	$	7,236,021	$	5,519,773	$	7,176,535	$	478,267

Shares:
class 1	—		—		—		—		—		119,427		286,009		730,129		278,268		—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	4,104		9,091		126,882		—		—		—		—		—		—		—
class III	—		—		—		—		53,060		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		60,336		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		8,713
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	4,104		9,091		126,882		60,336		53,060		119,427		286,009		730,129		278,268		8,713

Cost	$	41,556	$	237,371	$	1,340,076	$	925,068	$	478,670	$	1,775,506	$	4,393,149	$	6,364,180	$	4,313,076	$	439,935

Deferred contracts in the accumulation period:
Units owned by participants #	3,989		13,935		83,954		57,869		26,551		892,355		469,401		474,389		451,684		21,481
Minimum unit fair value #*	$	11.254344	$	19.401823	$	16.676753	$	16.916529	$	18.925560	$	1.587942	$	14.587562	$	10.981367	$	15.299871	$	16.105084
Maximum unit fair value #*	$	11.254344	$	20.666424	$	30.222092	$	28.941790	$	21.863019	$	20.891331	$	15.697718	$	11.574276	$	16.087414	$	18.121213
Contract liability	$	44,894	$	280,826	$	1,503,552	$	1,098,112	$	539,619	$	1,922,874	$	7,152,909	$	5,379,905	$	7,104,218	$	377,175

Contracts in payout (annuitization) period:
Units owned by participants #	—		—		—		—		—		4,584		5,295		12,084		4,495		5,802
Minimum unit fair value #*	$	—	$	—	$	—	$	—	$	—	$	1.801739	$	15.697718	$	11.574276	$	16.087414	$	17.422551
Maximum unit fair value #*	$	—	$	—	$	—	$	—	$	—	$	1.801739	$	15.697718	$	11.574276	$	16.087414	$	17.422551
Contract liability	$	—	$	—	$	—	$	—	$	—	$	8,260	$	83,112	$	139,868	$	72,317	$	101,092

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	Oppenheimer Global Fund/VA		Oppenheimer Main Street Fund®/VA		Oppenheimer Main Street Small Cap Fund/VA		Putnam VT Diversified Income Fund		Putnam VT Global Asset Allocation Fund		Putnam VT Growth Opportunities Fund		Putnam VT International Value Fund		Putnam VT International Equity Fund		Putnam VT Small Cap Value Fund		JPMorgan Insurance Trust Core Bond Portfolio
	Sub-Account		Sub-Account (7)		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		11,591,824		611,646		1,934,211		37,193		324,315		264,445		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	5,392,021		884,790		4,081,298		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		32,676,595
Total investments	5,392,021		884,790		4,081,298		11,591,824		611,646		1,934,211		37,193		324,315		264,445		32,676,595
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	1,449		111		923		2,382		96		152		5		49		38		7,462
Other assets	1		—		—		—		1		—		1		—		—		—
Total assets	5,393,471		884,901		4,082,221		11,594,206		611,743		1,934,363		37,199		324,364		264,483		32,684,057

Liabilities:
Due to Sponsor Company	1,449		111		923		2,382		96		152		5		49		38		7,462
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	—		3		1		—		—		—		—		—		—		3
Total liabilities	1,449		114		924		2,382		96		152		5		49		38		7,465

Net assets:
For contract liabilities	$	5,392,022	$	884,787	$	4,081,297	$	11,591,824	$	611,647	$	1,934,211	$	37,194	$	324,315	$	264,445	$	32,676,592

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		11,591,824		611,647		1,934,211		37,194		324,315		264,445		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	5,392,022		884,787		4,081,297		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		32,676,592
Total contract liabilities	$	5,392,022	$	884,787	$	4,081,297	$	11,591,824	$	611,647	$	1,934,211	$	37,194	$	324,315	$	264,445	$	32,676,592

Shares:
class 1	—		—		—		—		—		—		—		—		—		—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		1,887,919		33,369		194,003		3,209		21,267		16,324		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	115,018		27,728		160,555		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		2,986,892
Total shares	115,018		27,728		160,555		1,887,919		33,369		194,003		3,209		21,267		16,324		2,986,892

Cost	$	3,358,267	$	748,522	$	2,976,961	$	12,411,706	$	541,944	$	1,508,859	$	29,756	$	234,674	$	250,535	$	32,912,725

Deferred contracts in the accumulation period:
Units owned by participants #	285,296		43,899		178,400		820,853		35,413		141,273		3,319		28,739		12,307		2,270,439
Minimum unit fair value #*	$	16.959683	$	17.957499	$	20.549282	$	12.746322	$	16.112408	$	13.528598	$	9.521455	$	10.197950	$	18.484955	$	12.054015
Maximum unit fair value #*	$	28.245530	$	28.057984	$	33.574683	$	19.140031	$	24.147718	$	13.733316	$	16.935698	$	17.651485	$	30.704128	$	21.285546
Contract liability	$	5,392,022	$	869,899	$	4,081,297	$	11,591,824	$	611,647	$	1,934,211	$	33,454	$	324,315	$	264,445	$	32,168,844

Contracts in payout (annuitization) period:
Units owned by participants #	—		738		—		—		—		—		367		—		—		35,054
Minimum unit fair value #*	$	—	$	19.426449	$	—	$	—	$	—	$	—	$	10.200436	$	—	$	—	$	14.484775
Maximum unit fair value #*	$	—	$	20.205298	$	—	$	—	$	—	$	—	$	10.200436	$	—	$	—	$	14.484775
Contract liability	$	—	$	14,888	$	—	$	—	$	—	$	—	$	3,740	$	—	$	—	$	507,748

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	JPMorgan Insurance Trust U.S. Equity Portfolio		JPMorgan Insurance Trust Mid Cap Value Portfolio		Putnam VT Equity Income Fund		PIMCO All Asset Fund		PIMCO StocksPLUS Global Portfolio		PIMCO Global Multi-Asset Managed Allocation Portfolio		Jennison 20/20 Focus Fund		Jennison Fund		Prudential Value Portfolio		Prudential SP International Growth Portfolio
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		146,746		397,931		41,112		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		151,942		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		32,834		165,239		19,584		10,241
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	4,794,811		3,453,381		—		—		—		—		—		—		—		—
Total investments	4,794,811		3,453,381		151,942		146,746		397,931		41,112		32,834		165,239		19,584		10,241
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	1,172		540		8		8		23		3		5		25		3		1
Other assets	—		—		—		—		—		—		—		1		—		—
Total assets	4,795,983		3,453,921		151,950		146,754		397,954		41,115		32,839		165,265		19,587		10,242

Liabilities:
Due to Sponsor Company	1,172		540		8		8		23		3		5		25		3		1
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	—		—		—		1		—		—		3		—		1		—
Total liabilities	1,172		540		8		9		23		3		8		25		4		1

Net assets:
For contract liabilities	$	4,794,811	$	3,453,381	$	151,942	$	146,745	$	397,931	$	41,112	$	32,831	$	165,240	$	19,583	$	10,241

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		146,745		397,931		41,112		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		151,942		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		32,831		165,240		19,583		10,241
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	4,794,811		3,453,381		—		—		—		—		—		—		—		—
Total contract liabilities	$	4,794,811	$	3,453,381	$	151,942	$	146,745	$	397,931	$	41,112	$	32,831	$	165,240	$	19,583	$	10,241

Shares:
class 1	—		—		—		—		—		—		—		—		—		—
class 2	—		—		—		—		—		—		—		—		—		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		13,377		41,756		3,189		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		5,693		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		1,099		2,783		626		1,313
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	147,851		291,917		—		—		—		—		—		—		—		—
Total shares	147,851		291,917		5,693		13,377		41,756		3,189		1,099		2,783		626		1,313

Cost	$	2,832,672	$	3,386,613	$	106,008	$	146,131	$	422,944	$	40,248	$	12,690	$	63,807	$	11,981	$	7,090

Deferred contracts in the accumulation period:
Units owned by participants #	165,760		118,047		5,059		11,313		27,479		3,667		10,986		57,786		9,637		7,083
Minimum unit fair value #*	$	25.464847	$	25.806631	$	23.484207	$	12.308429	$	13.707092	$	10.985891	$	2.553982	$	1.984309	$	1.873801	$	1.445916
Maximum unit fair value #*	$	43.852687	$	45.688488	$	30.692956	$	13.144011	$	14.852531	$	11.274622	$	26.942932	$	16.225624	$	2.096526	$	1.445916
Contract liability	$	4,745,153	$	3,418,544	$	151,942	$	146,745	$	397,931	$	41,112	$	32,831	$	142,626	$	19,583	$	10,241

Contracts in payout (annuitization) period:
Units owned by participants #	1,747		1,209		—		—		—		—		—		1,394		—		—
Minimum unit fair value #*	$	28.425441	$	28.806816	$	—	$	—	$	—	$	—	$	—	$	16.225624	$	—	$	—
Maximum unit fair value #*	$	28.425441	$	28.806816	$	—	$	—	$	—	$	—	$	—	$	16.225624	$	—	$	—
Contract liability	$	49,658	$	34,837	$	—	$	—	$	—	$	—	$	—	$	22,614	$	—	$	—

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (continued)
December 31, 2017

	ClearBridge Variable Dividend Strategy Portfolio		Western Asset Variable Global High Yield Bond Portfolio		ClearBridge Variable Large Cap Value Portfolio		Invesco V.I. Growth and Income Fund		Invesco V.I. Comstock Fund		Invesco V.I. American Franchise Fund		Invesco V.I. Mid Cap Growth Fund		Wells Fargo VT Index Asset Allocation Fund		Wells Fargo VT International Equity Fund		Wells Fargo VT Small Cap Growth Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	926,854	$	839,015
class 2	—		—		—		—		—		—		—		27,523		9,904		71,284
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	24,822		35,473		666,689		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		16,849,132		2,340,030		—		—		—
class S2	—		—		—		1,314,366		233,474		435,898		436,147		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	24,822		35,473		666,689		1,314,366		233,474		17,285,030		2,776,177		27,523		936,758		910,299
Due from Sponsor Company	2		20		—		—		—		—		—		—		—		—
Receivable for fund shares sold	—		—		60		167		42		4,688		443		4		136		131
Other assets	—		—		—		2		—		—		1		1		—		—
Total assets	24,824		35,493		666,749		1,314,535		233,516		17,289,718		2,776,621		27,528		936,894		910,430

Liabilities:
Due to Sponsor Company	—		—		60		167		42		4,688		443		4		136		131
Payable for fund shares purchased	2		20		—		—		—		—		—		—		—		—
Other liabilities	—		—		—		—		1		—		—		—		1		—
Total liabilities	2		20		60		167		43		4,688		443		4		137		131

Net assets:
For contract liabilities	$	24,822	$	35,473	$	666,689	$	1,314,368	$	233,473	$	17,285,030	$	2,776,178	$	27,524	$	936,757	$	910,299

Contract Liabilities:
class 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	926,853	$	839,014
class 2	—		—		—		—		—		—		—		27,524		9,904		71,285
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	24,822		35,473		666,689		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		16,849,133		2,340,031		—		—		—
class S2	—		—		—		1,314,368		233,473		435,897		436,147		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	24,822	$	35,473	$	666,689	$	1,314,368	$	233,473	$	17,285,030	$	2,776,178	$	27,524	$	936,757	$	910,299

Shares:
class 1	—		—		—		—		—		—		—		—		173,568		80,443
class 2	—		—		—		—		—		—		—		1,346		1,841		7,002
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	1,244		4,859		31,110		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		—		—		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		—		—		—		—		—		—
class S1	—		—		—		—		—		267,574		416,376		—		—		—
class S2	—		—		—		58,004		11,367		7,169		78,869		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	1,244		4,859		31,110		58,004		11,367		274,743		495,245		1,346		175,409		87,445

Cost	$	18,889	$	40,584	$	597,768	$	1,092,252	$	183,112	$	12,677,917	$	2,616,307	$	18,773	$	855,338	$	731,713

Deferred contracts in the accumulation period:
Units owned by participants #	1,375		13,740		245,521		63,581		8,337		879,473		166,927		5,077		524,870		41,722
Minimum unit fair value #*	$	18.057513	$	2.581684	$	2.581528	$	17.994307	$	26.910845	$	17.461356	$	15.590526	$	2.361191	$	1.261646	$	2.889300
Maximum unit fair value #*	$	18.057513	$	2.581684	$	2.581528	$	30.761899	$	30.317055	$	20.796354	$	17.080331	$	23.489624	$	17.958842	$	23.825324
Contract liability	$	24,822	$	35,473	$	633,819	$	1,314,368	$	233,473	$	16,975,556	$	2,765,966	$	27,524	$	926,500	$	910,299

Contracts in payout (annuitization) period:
Units owned by participants #	—		—		12,733		—		—		15,529		610		—		5,689		—
Minimum unit fair value #*	$	—	$	—	$	2.581528	$	—	$	—	$	19.630227	$	16.735169	$	—	$	1.367192	$	—
Maximum unit fair value #*	$	—	$	—	$	2.581528	$	—	$	—	$	20.102293	$	16.735169	$	—	$	2.336659	$	—
Contract liability	$	—	$	—	$	32,870	$	—	$	—	$	309,474	$	10,212	$	—	$	10,257	$	—

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Assets and Liabilities (concluded)
December 31, 2017

	Wells Fargo VT Discovery Fund		Wells Fargo VT Opportunity Fund		HIMCO VIT Index Fund		HIMCO VIT Portfolio Diversifier Fund		MFS® Core Equity Portfolio		MFS® Massachusetts Investors Growth Stock Portfolio		MFS® Research International Portfolio		Columbia Variable Portfolio - Large Cap Growth Fund		Columbia Variable Portfolio - Select International Equity Fund		Variable Portfolio - Loomis Sayles Growth Fund
	Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account		Sub-Account

Assets:
Investments, at market value
class 1	$	—	$	6,507,590	$	—	$	—	$	—	$	—	$	—	$	7,631,383	$	—	$	5,632,950
class 2	9,239		81,685		—		—		—		—		—		—		5,443,405		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		4,335,835		32,935,414		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		5,067,712		7,033,723		9,677,040		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total investments	9,239		6,589,275		4,335,835		32,935,414		5,067,712		7,033,723		9,677,040		7,631,383		5,443,405		5,632,950
Due from Sponsor Company	—		—		—		—		—		—		—		—		—		—
Receivable for fund shares sold	1		2,174		260		2,055		777		1,202		2,261		1,156		2,423		1,684
Other assets	1		—		3		—		2		1		1		1		—		—
Total assets	9,241		6,591,449		4,336,098		32,937,469		5,068,491		7,034,926		9,679,302		7,632,540		5,445,828		5,634,634

Liabilities:
Due to Sponsor Company	1		2,174		260		2,055		777		1,202		2,261		1,157		2,423		1,684
Payable for fund shares purchased	—		—		—		—		—		—		—		—		—		—
Other liabilities	—		2		—		2		—		—		—		—		2		—
Total liabilities	1		2,176		260		2,057		777		1,202		2,261		1,157		2,425		1,684

Net assets:
For contract liabilities	$	9,240	$	6,589,273	$	4,335,838	$	32,935,412	$	5,067,714	$	7,033,724	$	9,677,041	$	7,631,383	$	5,443,403	$	5,632,950

Contract Liabilities:
class 1	$	—	$	6,507,588	$	—	$	—	$	—	$	—	$	—	$	7,631,383	$	—	$	5,632,950
class 2	9,240		81,685		—		—		—		—		—		—		5,443,403		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		4,335,838		32,935,412		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		5,067,714		7,033,724		9,677,041		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total contract liabilities	$	9,240	$	6,589,273	$	4,335,838	$	32,935,412	$	5,067,714	$	7,033,724	$	9,677,041	$	7,631,383	$	5,443,403	$	5,632,950

Shares:
class 1	—		240,576		—		—		—		—		—		455,333		—		192,909
class 2	291		3,010		—		—		—		—		—		—		348,489		—
class 4	—		—		—		—		—		—		—		—		—		—
class ADV	—		—		—		—		—		—		—		—		—		—
class B	—		—		—		—		—		—		—		—		—		—
class I	—		—		—		—		—		—		—		—		—		—
class IA	—		—		—		—		—		—		—		—		—		—
class IB	—		—		94,298		4,691,654		—		—		—		—		—		—
class II	—		—		—		—		—		—		—		—		—		—
class III	—		—		—		—		—		—		—		—		—		—
class INIT	—		—		—		—		201,020		378,157		567,568		—		—		—
class S1	—		—		—		—		—		—		—		—		—		—
class S2	—		—		—		—		—		—		—		—		—		—
class SRV	—		—		—		—		—		—		—		—		—		—
class SRV2	—		—		—		—		—		—		—		—		—		—
class VC	—		—		—		—		—		—		—		—		—		—
class Y	—		—		—		—		—		—		—		—		—		—
class - N/A	—		—		—		—		—		—		—		—		—		—
Total shares	291		243,586		94,298		4,691,654		201,020		378,157		567,568		455,333		348,489		192,909

Cost	$	6,483	$	4,815,267	$	3,658,762	$	37,019,364	$	4,670,812	$	6,556,397	$	8,669,039	$	5,660,301	$	4,502,491	$	4,041,383

Deferred contracts in the accumulation period:
Units owned by participants #	278		312,160		160,611		4,755,082		365,495		519,666		820,405		569,861		441,160		399,601
Minimum unit fair value #*	$	33.198862	$	19.668343	$	10.120144	$	6.574442	$	13.265075	$	12.932622	$	11.368649	$	13.058934	$	12.051765	$	13.656632
Maximum unit fair value #*	$	33.198862	$	22.612128	$	32.314396	$	7.159054	$	13.797841	$	13.471689	$	12.034167	$	13.317231	$	12.290283	$	13.914318
Contract liability	$	9,240	$	6,589,273	$	4,335,838	$	32,935,412	$	4,967,596	$	6,894,374	$	9,607,079	$	7,531,525	$	5,375,533	$	5,517,366

Contracts in payout (annuitization) period:
Units owned by participants #	—		—		—		—		7,283		10,357		5,936		7,498		5,522		8,307
Minimum unit fair value #*	$	—	$	—	$	—	$	—	$	13.657713	$	13.334870	$	11.739422	$	13.317231	$	12.290283	$	13.914318
Maximum unit fair value #*	$	—	$	—	$	—	$	—	$	13.797841	$	13.471689	$	11.859904	$	13.317231	$	12.290283	$	13.914318
Contract liability	$	—	$	—	$	—	$	—	$	100,118	$	139,350	$	69,962	$	99,858	$	67,870	$	115,584

# Rounded units/unit fair values
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows.


The accompanying notes are an integral part of these financial statements.

(1) Formerly Catalyst Dividend Capture VA Fund. Change effective May 1, 2017.

(2) Formerly Catalyst Insider Buying VA Fund. Change effective May 1, 2017.

(3) Formerly BlackRock Large Cap Growth V.I. Fund. Change effective June 12, 2017.

(4) Formerly UIF Core Plus Fixed Income Portfolio. Change effective May 1, 2017.

(5) Formerly UIF Growth Portfolio. Change effective May 1, 2017.

(6) Formerly UIF Mid Cap Growth Portfolio. Change effective May 1, 2017.

(7) Merged with Oppenheimer Equity Income Fund/VA . Change effective April 28, 2017.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations
For the Periods Ended December 31, 2017

	American Century VP Value Fund			American Century VP Growth Fund			AB VPS Balanced Wealth Strategy Portfolio			AB VPS International Value Portfolio			AB VPS Small/Mid Cap Value Portfolio			AB VPS Value Portfolio			AB VPS International Growth Portfolio			Invesco V.I. Value Opportunities Fund			Invesco V.I. Core Equity Fund			Invesco V.I. Government Securities Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	28,344		$	582		$	81,835		$	94,376		$	4,349		$	2,565		$	5,444		$	60,809		$	314,899		$	1,864,445

Expenses:
Administrative charges	—			—			—			—			—			—			—			(22,076		)	(50,804		)	(129,263		)
Mortality and expense risk charges	(13,027		)	(603		)	(61,309		)	(78,594		)	(29,068		)	(3,360		)	(10,973		)	(272,307		)	(523,631		)	(1,504,510		)
Total expenses	(13,027		)	(603		)	(61,309		)	(78,594		)	(29,068		)	(3,360		)	(10,973		)	(294,383		)	(574,435		)	(1,633,773		)
Net investment income (loss)	15,317			(21		)	20,526			15,782			(24,719		)	(795		)	(5,529		)	(233,574		)	(259,536		)	230,672

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	135,711			4,041			(558		)	136,058			59,254			6,457			33,025			(582,186		)	1,067,040			(849,397		)
Net realized gain distributions	—			12,928			37,244			—			88,531			—			—			—			1,590,052			—
Change in unrealized appreciation (depreciation) during the period	(6,736		)	6,719			532,355			896,487			67,493			19,962			140,877			3,062,230			924,910			786,852
Net gain (loss) on investments	128,975			23,688			569,041			1,032,545			215,278			26,419			173,902			2,480,044			3,582,002			(62,545		)
Net increase (decrease) in net assets resulting from operations	$	144,292		$	23,667		$	589,567		$	1,048,327		$	190,559		$	25,624		$	168,373		$	2,246,470		$	3,322,466		$	168,127


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Invesco V.I. High Yield Fund			Invesco V.I. International Growth Fund			Invesco V.I. Mid Cap Core Equity Fund			Invesco V.I. Small Cap Equity Fund			Invesco V.I. Balanced Risk Allocation Fund			Invesco V.I. Diversified Dividend Fund			Invesco V.I. Government Money Market Fund			American Century VP Mid Cap Value Fund			American Funds Global Bond Fund			American Funds Global Growth and Income Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	20,340		$	472,466		$	169,060		$	—		$	63,124		$	110		$	300,566		$	2,096		$	91,052		$	1,016,820

Expenses:
Administrative charges	(381		)	(35,945		)	(43,934		)	(45		)	—			—			—			—			—			—
Mortality and expense risk charges	(11,338		)	(525,802		)	(567,517		)	(402,497		)	(25,903		)	(124		)	(926,375		)	(984		)	(438,750		)	(758,744		)
Total expenses	(11,719		)	(561,747		)	(611,451		)	(402,542		)	(25,903		)	(124		)	(926,375		)	(984		)	(438,750		)	(758,744		)
Net investment income (loss)	8,621			(89,281		)	(442,391		)	(402,542		)	37,221			(14		)	(625,809		)	1,112			(347,698		)	258,076

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	(509		)	2,044,844			545,618			441,563			(18,334		)	271			—			5,271			87,319			2,025,000
Net realized gain distributions	—			—			655,204			1,009,976			90,549			253			—			2,834			148,029			740,246
Change in unrealized appreciation (depreciation) during the period	11,898			4,700,217			3,157,461			1,520,521			25,091			(45		)	—			5,958			1,303,288			6,177,446
Net gain (loss) on investments	11,389			6,745,061			4,358,283			2,972,060			97,306			479			—			14,063			1,538,636			8,942,692
Net increase (decrease) in net assets resulting from operations	$	20,010		$	6,655,780		$	3,915,892		$	2,569,518		$	134,527		$	465		$	(625,809	)	$	15,175		$	1,190,938		$	9,200,768


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	American Funds Asset Allocation Fund			American Funds Blue Chip Income and Growth Fund			American Funds Bond Fund			American Funds Global Growth Fund			American Funds Growth Fund			American Funds Growth-Income Fund			American Funds International Fund			American Funds New World Fund			American Funds Global Small Capitalization Fund			Columbia Variable Portfolio - Small Company Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	2,338,037		$	1,668,016		$	2,536,318		$	321,880		$	2,068,664		$	4,878,392		$	1,258,103		$	305,915		$	141,859		$	—

Expenses:
Administrative charges	(238,619		)	(114,672		)	(190,054		)	(74,320		)	(615,410		)	(539,518		)	(128,596		)	(47,130		)	(49,648		)	—
Mortality and expense risk charges	(2,529,780		)	(1,431,560		)	(1,871,076		)	(778,447		)	(6,638,655		)	(5,689,405		)	(1,370,243		)	(529,895		)	(552,156		)	(99,118		)
Total expenses	(2,768,399		)	(1,546,232		)	(2,061,130		)	(852,767		)	(7,254,065		)	(6,228,923		)	(1,498,839		)	(577,025		)	(601,804		)	(99,118		)
Net investment income (loss)	(430,362		)	121,784			475,188			(530,887		)	(5,185,401		)	(1,350,531		)	(240,736		)	(271,110		)	(459,945		)	(99,118		)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	6,739,396			3,461,418			(226,237		)	2,157,743			15,342,876			11,400,662			2,202,658			1,266,101			806,015			130,927
Net realized gain distributions	6,848,852			3,068,592			1,735,432			1,422,007			37,815,821			21,968,865			949,902			—			—			251,474
Change in unrealized appreciation (depreciation) during the period	6,805,523			5,089,914			341,304			8,987,025			43,880,033			31,657,075			18,695,245			6,376,761			6,670,127			786,238
Net gain (loss) on investments	20,393,771			11,619,924			1,850,499			12,566,775			97,038,730			65,026,602			21,847,805			7,642,862			7,476,142			1,168,639
Net increase (decrease) in net assets resulting from operations	$	19,963,409		$	11,741,708		$	2,325,687		$	12,035,888		$	91,853,329		$	63,676,071		$	21,607,069		$	7,371,752		$	7,016,197		$	1,069,521


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Wells Fargo VT Omega Growth Fund			Fidelity® VIP Growth Portfolio			Fidelity® VIP Contrafund® Portfolio			Fidelity® VIP Mid Cap Portfolio			Fidelity® VIP Value Strategies Portfolio			Fidelity® VIP Dynamic Capital Appreciation Portfolio			Fidelity® VIP Strategic Income Portfolio			Franklin Rising Dividends VIP Fund			Franklin Income VIP Fund			Franklin Large Cap Growth VIP Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	1,690		$	1,615		$	115,018		$	60,615		$	7,613		$	1,863		$	3,488		$	2,498,163		$	14,354,467		$	144,581

Expenses:
Administrative charges	(1,164		)	—			—			—			—			—			—			(228,989		)	(472,634		)	(34,406		)
Mortality and expense risk charges	(10,904		)	(29,379		)	(237,014		)	(204,153		)	(11,378		)	(6,806		)	(691		)	(2,645,753		)	(5,616,751		)	(400,786		)
Total expenses	(12,068		)	(29,379		)	(237,014		)	(204,153		)	(11,378		)	(6,806		)	(691		)	(2,874,742		)	(6,089,385		)	(435,192		)
Net investment income (loss)	(10,378		)	(27,764		)	(121,996		)	(143,538		)	(3,765		)	(4,943		)	2,797			(376,579		)	8,265,082			(290,611		)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	44,469			133,700			1,168,052			719,928			23,199			15,750			19			7,028,288			3,584,080			686,779
Net realized gain distributions	21,776			137,988			850,453			613,920			145,116			21,353			603			5,951,251			—			1,847,725
Change in unrealized appreciation (depreciation) during the period	138,739			313,338			900,045			1,011,286			(67,972		)	33,981			4,239			15,048,956			14,242,015			3,034,138
Net gain (loss) on investments	204,984			585,026			2,918,550			2,345,134			100,343			71,084			4,861			28,028,495			17,826,095			5,568,642
Net increase (decrease) in net assets resulting from operations	$	194,606		$	557,262		$	2,796,554		$	2,201,596		$	96,578		$	66,141		$	7,658		$	27,651,916		$	26,091,177		$	5,278,031


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Franklin Global Real Estate VIP Fund			Franklin Small-Mid Cap Growth VIP Fund			Franklin Small Cap Value VIP Fund			Franklin Strategic Income VIP Fund			Franklin Mutual Shares VIP Fund			Templeton Developing Markets VIP Fund			Templeton Foreign VIP Fund			Templeton Growth VIP Fund			Franklin Mutual Global Discovery VIP Fund			Franklin Flex Cap Growth VIP Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	25,751		$	—		$	61,781		$	3,126,068		$	4,346,824		$	196,365		$	1,627,893		$	1,782,347		$	1,041,672		$	—

Expenses:
Administrative charges	(1,249		)	(69,203		)	—			(133,317		)	(282,892		)	(23,016		)	(95,409		)	(160,686		)	(75,192		)	(15,894		)
Mortality and expense risk charges	(11,456		)	(809,023		)	(227,423		)	(1,725,507		)	(3,149,699		)	(297,207		)	(1,036,722		)	(1,790,894		)	(1,014,039		)	(188,649		)
Total expenses	(12,705		)	(878,226		)	(227,423		)	(1,858,824		)	(3,432,591		)	(320,223		)	(1,132,131		)	(1,951,580		)	(1,089,231		)	(204,543		)
Net investment income (loss)	13,046			(878,226		)	(165,642		)	1,267,244			914,233			(123,858		)	495,762			(169,233		)	(47,559		)	(204,543		)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	780			(1,265,893		)	254,654			(1,323,345		)	6,975,518			5,275			534,143			3,955,742			471,213			(621,763		)
Net realized gain distributions	—			4,647,823			880,982			—			7,931,195			—			—			—			3,339,428			25,348
Change in unrealized appreciation (depreciation) during the period	55,437			5,781,786			20,128			3,043,278			(3,202,208		)	5,526,325			7,808,721			13,096,445			146,580			3,194,906
Net gain (loss) on investments	56,217			9,163,716			1,155,764			1,719,933			11,704,505			5,531,600			8,342,864			17,052,187			3,957,221			2,598,491
Net increase (decrease) in net assets resulting from operations	$	69,263		$	8,285,490		$	990,122		$	2,987,177		$	12,618,738		$	5,407,742		$	8,838,626		$	16,882,954		$	3,909,662		$	2,393,948


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Templeton Global Bond VIP Fund			Hartford Balanced HLS Fund			Hartford Total Return Bond HLS Fund			Hartford Capital Appreciation HLS Fund			Hartford Dividend and Growth HLS Fund			Hartford Healthcare HLS Fund			Hartford Global Growth HLS Fund			Hartford Disciplined Equity HLS Fund			Hartford Growth Opportunities HLS Fund			Hartford High Yield HLS Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	—		$	274,019		$	3,148,188		$	1,100,132		$	1,204,813		$	—		$	3,283		$	105,937		$	—		$	410,050

Expenses:
Administrative charges	—			(10,980		)	(29,151		)	(24,676		)	(17,628		)	(120		)	(574		)	(320		)	(83		)	(114		)
Mortality and expense risk charges	(193,250		)	(231,940		)	(1,708,851		)	(1,694,788		)	(1,236,975		)	(999		)	(15,463		)	(176,202		)	(379,816		)	(104,186		)
Total expenses	(193,250		)	(242,920		)	(1,738,002		)	(1,719,464		)	(1,254,603		)	(1,119		)	(16,037		)	(176,522		)	(379,899		)	(104,300		)
Net investment income (loss)	(193,250		)	31,099			1,410,186			(619,332		)	(49,790		)	(1,119		)	(12,754		)	(70,585		)	(379,899		)	305,750

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	(134,694		)	557,199			397,194			3,282,274			2,820,410			7,018			43,333			231,817			1,197,274			(26,101		)
Net realized gain distributions	38,962			—			—			5,611,272			5,379,855			12,015			44,703			1,243,063			307,906			—
Change in unrealized appreciation (depreciation) during the period	343,115			1,015,260			1,943,689			11,719,305			3,972,039			(2,474		)	177,704			722,560			5,051,697			130,968
Net gain (loss) on investments	247,383			1,572,459			2,340,883			20,612,851			12,172,304			16,559			265,740			2,197,440			6,556,877			104,867
Net increase (decrease) in net assets resulting from operations	$	54,133		$	1,603,558		$	3,751,069		$	19,993,519		$	12,122,514		$	15,440		$	252,986		$	2,126,855		$	6,176,978		$	410,617


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Hartford International Opportunities HLS Fund			Hartford Small/Mid Cap Equity HLS Fund			Hartford MidCap HLS Fund			Hartford MidCap Value HLS Fund			Hartford Ultrashort Bond HLS Fund			Hartford Small Company HLS Fund			Hartford SmallCap Growth HLS Fund			Hartford Stock HLS Fund			Hartford U.S. Government Securities HLS Fund			Hartford Value HLS Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	94,963		$	9,989		$	—		$	999		$	404,328		$	—		$	555		$	104,442		$	98,462		$	20,667

Expenses:
Administrative charges	(2,300		)	—			(1,128		)	—			(74,801		)	(2,513		)	(98		)	(8,905		)	(263		)	—
Mortality and expense risk charges	(111,107		)	(26,668		)	(9,396		)	(7,808		)	(867,763		)	(50,365		)	(22,437		)	(125,212		)	(63,628		)	(18,868		)
Total expenses	(113,407		)	(26,668		)	(10,524		)	(7,808		)	(942,564		)	(52,878		)	(22,535		)	(134,117		)	(63,891		)	(18,868		)
Net investment income (loss)	(18,444		)	(16,679		)	(10,524		)	(6,809		)	(538,236		)	(52,878		)	(21,980		)	(29,675		)	34,571			1,799

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	333,580			(3,890		)	15,743			(4,651		)	74,075			(27,511		)	40,021			364,895			(13,262		)	83,103
Net realized gain distributions	—			39,159			37,281			21,738			—			—			—			—			—			90,441
Change in unrealized appreciation (depreciation) during the period	1,171,260			137,224			109,935			25,287			44,958			657,975			209,526			746,326			(25,781		)	(12,016		)
Net gain (loss) on investments	1,504,840			172,493			162,959			42,374			119,033			630,464			249,547			1,111,221			(39,043		)	161,528
Net increase (decrease) in net assets resulting from operations	$	1,486,396		$	155,814		$	152,435		$	35,565		$	(419,203	)	$	577,586		$	227,567		$	1,081,546		$	(4,472	)	$	163,327


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Rational Dividend Capture VA Fund			Rational Insider Buying VA Fund			Lord Abbett Fundamental Equity Fund			Lord Abbett Calibrated Dividend Growth Fund			Lord Abbett Bond Debenture Fund			Lord Abbett Growth and Income Fund			MFS® Growth Fund			MFS® Global Equity Fund			MFS® Investors Trust Fund			MFS® Mid Cap Growth Fund
	Sub-Account (1)			Sub-Account (2)			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	117,190		$	20,000		$	14,324		$	48,900		$	399,916		$	20,269		$	26,708		$	42,399		$	349,511		$	17,627

Expenses:
Administrative charges	(4,136		)	(2,605		)	—			—			—			—			(42,015		)	(7,737		)	(78,293		)	(21,958		)
Mortality and expense risk charges	(44,897		)	(55,017		)	(9,986		)	(47,542		)	(149,396		)	(26,706		)	(460,288		)	(87,224		)	(817,605		)	(259,017		)
Total expenses	(49,033		)	(57,622		)	(9,986		)	(47,542		)	(149,396		)	(26,706		)	(502,303		)	(94,961		)	(895,898		)	(280,975		)
Net investment income (loss)	68,157			(37,622		)	4,338			1,358			250,520			(6,437		)	(475,595		)	(52,562		)	(546,387		)	(263,348		)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	(3,201		)	(189,557		)	20,165			47,832			133,059			128,022			2,367,565			314,791			2,604,239			494,178
Net realized gain distributions	—			447,077			105,970			169,133			94,213			150,405			1,066,950			191,200			1,888,711			844,157
Change in unrealized appreciation (depreciation) during the period	(167,125		)	301,812			25,899			276,682			217,676			(96,490		)	4,258,326			546,440			5,512,821			2,137,432
Net gain (loss) on investments	(170,326		)	559,332			152,034			493,647			444,948			181,937			7,692,841			1,052,431			10,005,771			3,475,767
Net increase (decrease) in net assets resulting from operations	$	(102,169	)	$	521,710		$	156,372		$	495,005		$	695,468		$	175,500		$	7,217,246		$	999,869		$	9,459,384		$	3,212,419


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	MFS® New Discovery Fund			MFS® Total Return Fund			MFS® Value Fund			MFS® Total Return Bond Series			MFS® Research Fund			MFS® High Yield Portfolio			BlackRock Global Allocation V.I. Fund			BlackRock Global Opportunities V.I. Fund			BlackRock Large Cap Focus Growth V.I. Fund			BlackRock Equity Dividend V.I. Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account (3)			Sub-Account

Investment income:
Dividends	$	—		$	3,454,217		$	1,145,532		$	2,459,307		$	53,668		$	1,920,543		$	2,897		$	462		$	148		$	10,625

Expenses:
Administrative charges	(48,200		)	(230,741		)	(59,171		)	(105,302		)	(6,609		)	—			—			(13		)	(572		)	—
Mortality and expense risk charges	(503,968		)	(2,455,092		)	(985,133		)	(1,096,585		)	(67,286		)	(544,308		)	(1,505		)	(849		)	(8,419		)	(4,799		)
Total expenses	(552,168		)	(2,685,833		)	(1,044,304		)	(1,201,887		)	(73,895		)	(544,308		)	(1,505		)	(862		)	(8,991		)	(4,799		)
Net investment income (loss)	(552,168		)	768,384			101,228			1,257,420			(20,227		)	1,376,235			1,392			(400		)	(8,843		)	5,826

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	900,994			4,596,648			3,572,860			420,657			165,166			(169,720		)	(21		)	2,092			40,913			25,981
Net realized gain distributions	569,214			4,040,505			2,429,519			—			263,595			—			2,698			3,808			60,068			36,075
Change in unrealized appreciation (depreciation) during the period	5,724,964			5,464,497			2,857,899			404,717			342,129			221,392			22,158			2,158			12,094			33,807
Net gain (loss) on investments	7,195,172			14,101,650			8,860,278			825,374			770,890			51,672			24,835			8,058			113,075			95,863
Net increase (decrease) in net assets resulting from operations	$	6,643,004		$	14,870,034		$	8,961,506		$	2,082,794		$	750,663		$	1,427,907		$	26,227		$	7,658		$	104,232		$	101,689


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Morgan Stanley VIF Core Plus Fixed Income Portfolio			Morgan Stanley VIF Growth Portfolio			Morgan Stanley VIF Mid Cap Growth Portfolio			Invesco V.I. American Value Fund			Morgan Stanley Mid Cap Growth Portfolio			BlackRock Capital Appreciation V.I. Fund			Columbia Variable Portfolio - Asset Allocation Fund			Columbia Variable Portfolio - Dividend Opportunity Fund			Columbia Variable Portfolio - Income Opportunities Fund			Columbia Variable Portfolio - Mid Cap Growth Fund
	Sub-Account (4)			Sub-Account (5)			Sub-Account (6)			Sub-Account			Sub-Account (7)			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	1,295		$	—		$	—		$	6,195		$	—		$	—		$	30,532		$	—		$	362,104		$	—

Expenses:
Administrative charges	—			—			—			—			(214		)	—			—			—			(2,794		)	(2,143		)
Mortality and expense risk charges	(756		)	(5,306		)	(22,877		)	(15,547		)	(1,307		)	(3,894		)	(38,401		)	(157,762		)	(120,583		)	(151,004		)
Total expenses	(756		)	(5,306		)	(22,877		)	(15,547		)	(1,521		)	(3,894		)	(38,401		)	(157,762		)	(123,377		)	(153,147		)
Net investment income (loss)	539			(5,306		)	(22,877		)	(9,352		)	(1,521		)	(3,894		)	(7,869		)	(157,762		)	238,727			(153,147		)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	91			7,750			(5,003		)	35,906			(2,810		)	20,372			2,084			535,445			(170,029		)	408,906
Net realized gain distributions	—			23,552			—			12,254			—			58,416			1,748			—			—			—
Change in unrealized appreciation (depreciation) during the period	1,152			67,675			474,022			43,175			36,544			79,015			239,139			451,678			184,347			1,050,523
Net gain (loss) on investments	1,243			98,977			469,019			91,335			33,734			157,803			242,971			987,123			14,318			1,459,429
Net increase (decrease) in net assets resulting from operations	$	1,782		$	93,671		$	446,142		$	81,983		$	32,213		$	153,909		$	235,102		$	829,361		$	253,045		$	1,306,282


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Oppenheimer Capital Appreciation Fund/VA			Oppenheimer Global Fund/VA			Oppenheimer Main Street Fund®/VA			Oppenheimer Main Street Small Cap Fund/VA			Oppenheimer Equity Income Fund/VA			Putnam VT Diversified Income Fund			Putnam VT Global Asset Allocation Fund			Putnam VT Growth Opportunities Fund			Putnam VT International Value Fund			Putnam VT International Equity Fund
	Sub-Account			Sub-Account			Sub-Account (8)			Sub-Account			Sub-Account (9)			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	52		$	36,940		$	15,638		$	27,893		$	6,016		$	679,630		$	10,262		$	2,097		$	599		$	6,816

Expenses:
Administrative charges	—			—			—			—			—			—			—			—			—			—
Mortality and expense risk charges	(8,626		)	(81,978		)	(17,285		)	(67,217		)	(1,395		)	(183,970		)	(12,958		)	(13,396		)	(707		)	(5,832		)
Total expenses	(8,626		)	(81,978		)	(17,285		)	(67,217		)	(1,395		)	(183,970		)	(12,958		)	(13,396		)	(707		)	(5,832		)
Net investment income (loss)	(8,574		)	(45,038		)	(1,647		)	(39,324		)	4,621			495,660			(2,696		)	(11,299		)	(108		)	984

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	7,762			266,185			102,915			293,047			32,490			(224,371		)	41,993			83,560			3,172			10,215
Net realized gain distributions	51,556			—			25,649			232,621			—			—			24,347			27,032			—			—
Change in unrealized appreciation (depreciation) during the period	69,692			1,242,259			27,365			(262		)	(30,257		)	373,291			21,224			411,278			6,795			56,949
Net gain (loss) on investments	129,010			1,508,444			155,929			525,406			2,233			148,920			87,564			521,870			9,967			67,164
Net increase (decrease) in net assets resulting from operations	$	120,436		$	1,463,406		$	154,282		$	486,082		$	6,854		$	644,580		$	84,868		$	510,571		$	9,859		$	68,148


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Putnam VT Small Cap Value Fund			JPMorgan Insurance Trust Core Bond Portfolio			JPMorgan Insurance Trust U.S. Equity Portfolio			JPMorgan Insurance Trust Intrepid Mid Cap Portfolio			JPMorgan Insurance Trust Mid Cap Value Portfolio			Putnam VT Equity Income Fund			PIMCO All Asset Fund			PIMCO StocksPLUS Global Portfolio			PIMCO Global Multi-Asset Managed Allocation Portfolio			Jennison 20/20 Focus Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account (10)			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	2,577		$	883,718		$	42,032		$	—		$	29,145		$	2,387		$	6,402		$	13,765		$	379		$	—

Expenses:
Administrative charges	—			—			—			—			—			—			—			—			—			(57		)
Mortality and expense risk charges	(5,828		)	(528,815		)	(75,261		)	(34,307		)	(58,213		)	(869		)	(971		)	(2,858		)	(172		)	(642		)
Total expenses	(5,828		)	(528,815		)	(75,261		)	(34,307		)	(58,213		)	(869		)	(971		)	(2,858		)	(172		)	(699		)
Net investment income (loss)	(3,251		)	354,903			(33,229		)	(34,307		)	(29,068		)	1,518			5,431			10,907			207			(699		)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	(4,048		)	(66,247		)	436,476			298,411			(27,308		)	1,041			(154		)	(21,627		)	(50		)	13,072
Net realized gain distributions	14,624			—			47,239			—			162,538			4,227			—			—			—			—
Change in unrealized appreciation (depreciation) during the period	8,519			394,390			440,618			(23,534		)	300,063			16,760			11,351			93,704			1,382			(3,077		)
Net gain (loss) on investments	19,095			328,143			924,333			274,877			435,293			22,028			11,197			72,077			1,332			9,995
Net increase (decrease) in net assets resulting from operations	$	15,844		$	683,046		$	891,104		$	240,570		$	406,225		$	23,546		$	16,628		$	82,984		$	1,539		$	9,296


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Jennison Fund			Prudential Value Portfolio			Prudential SP International Growth Portfolio			ClearBridge Variable Dividend Strategy Portfolio			Western Asset Variable Global High Yield Bond Portfolio			ClearBridge Variable Large Cap Value Portfolio			Invesco V.I. Growth and Income Fund			Invesco V.I. Comstock Fund			Invesco V.I. American Franchise Fund			Invesco V.I. Mid Cap Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	—		$	—		$	—		$	351		$	1,858		$	8,865		$	16,973		$	4,254		$	13,373		$	—

Expenses:
Administrative charges	(230		)	—			—			—			(52		)	(1,019		)	(358		)	(254		)	—			—
Mortality and expense risk charges	(2,519		)	(414		)	(174		)	(321		)	(437		)	(8,546		)	(20,119		)	(4,510		)	(324,452		)	(53,147		)
Total expenses	(2,749		)	(414		)	(174		)	(321		)	(489		)	(9,565		)	(20,477		)	(4,764		)	(324,452		)	(53,147		)
Net investment income (loss)	(2,749		)	(414		)	(174		)	30			1,369			(700		)	(3,504		)	(510		)	(311,079		)	(53,147		)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	6,922			9,957			756			172			(264		)	11,201			58,402			18,315			1,127,139			33,597
Net realized gain distributions	—			—			—			—			—			19,074			54,617			9,320			1,338,649			180,021
Change in unrealized appreciation (depreciation) during the period	39,611			(5,979		)	2,930			3,528			1,290			54,712			44,747			4,030			1,536,414			366,631
Net gain (loss) on investments	46,533			3,978			3,686			3,700			1,026			84,987			157,766			31,665			4,002,202			580,249
Net increase (decrease) in net assets resulting from operations	$	43,784		$	3,564		$	3,512		$	3,730		$	2,395		$	84,287		$	154,262		$	31,155		$	3,691,123		$	527,102


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	Wells Fargo VT Index Asset Allocation Fund			Wells Fargo VT International Equity Fund			Wells Fargo VT Small Cap Growth Fund			Wells Fargo VT Discovery Fund			Wells Fargo VT Opportunity Fund			HIMCO VIT Index Fund			HIMCO VIT Portfolio Diversifier Fund			HIMCO VIT American Funds Asset Allocation Fund			HIMCO VIT American Funds Blue Chip Income and Growth Fund			HIMCO VIT American Funds Bond Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account (11)			Sub-Account (12)			Sub-Account (13)

Investment income:
Dividends	$	200		$	27,850		$	—		$	—		$	61,534		$	80,503		$	347,226		$	127,606		$	157,671		$	601,035

Expenses:
Administrative charges	—			—			—			—			—			(9,002		)	—			(7,456		)	(5,223		)	(28,550		)
Mortality and expense risk charges	(490		)	(14,883		)	(15,297		)	(112		)	(104,858		)	(24,555		)	(242,909		)	(151,194		)	(74,622		)	(259,854		)
Total expenses	(490		)	(14,883		)	(15,297		)	(112		)	(104,858		)	(33,557		)	(242,909		)	(158,650		)	(79,845		)	(288,404		)
Net investment income (loss)	(290		)	12,967			(15,297		)	(112		)	(43,324		)	46,946			104,317			(31,044		)	77,826			312,631

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	371			(1,523		)	27,018			39			404,139			173,768			(525,085		)	(1,873,726		)	(1,839,621		)	(814,014		)
Net realized gain distributions	1,133			—			26,197			435			542,134			256,549			—			2,381,898			1,772,763			73,738
Change in unrealized appreciation (depreciation) during the period	1,392			173,702			151,796			1,629			260,445			368,820			(981,979		)	741,564			454,850			857,631
Net gain (loss) on investments	2,896			172,179			205,011			2,103			1,206,718			799,137			(1,507,064		)	1,249,736			387,992			117,355
Net increase (decrease) in net assets resulting from operations	$	2,606		$	185,146		$	189,714		$	1,991		$	1,163,394		$	846,083		$	(1,402,747	)	$	1,218,692		$	465,818		$	429,986


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (continued)
For the Periods Ended December 31, 2017

	HIMCO VIT American Funds Global Bond Fund			HIMCO VIT American Funds Global Growth and Income Fund			HIMCO VIT American Funds Global Growth Fund			HIMCO VIT American Funds Global Small Capitalization Fund			HIMCO VIT American Funds Growth Fund			HIMCO VIT American Funds Growth-Income Fund			HIMCO VIT American Funds International Fund			HIMCO VIT American Funds New World Fund			MFS® Core Equity Portfolio			MFS® Massachusetts Investors Growth Stock Portfolio
	Sub-Account (14)			Sub-Account (15)			Sub-Account (16)			Sub-Account (17)			Sub-Account (18)			Sub-Account (19)			Sub-Account (20)			Sub-Account (21)			Sub-Account			Sub-Account

Investment income:
Dividends	$	8,328		$	116,943		$	24,548		$	11,430		$	204,264		$	429,546		$	288,774		$	17,583		$	45,240		$	42,590

Expenses:
Administrative charges	(2,362		)	(6,705		)	(2,399		)	(6,843		)	(51,699		)	(28,117		)	(33,586		)	(3,338		)	—			—
Mortality and expense risk charges	(25,595		)	(109,086		)	(39,894		)	(90,201		)	(550,964		)	(298,916		)	(325,951		)	(59,736		)	(90,331		)	(126,777		)
Total expenses	(27,957		)	(115,791		)	(42,293		)	(97,044		)	(602,663		)	(327,033		)	(359,537		)	(63,074		)	(90,331		)	(126,777		)
Net investment income (loss)	(19,629		)	1,152			(17,745		)	(85,614		)	(398,399		)	102,513			(70,763		)	(45,491		)	(45,091		)	(84,187		)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	(36,478		)	(2,640,356		)	(531,916		)	(1,924,178		)	(20,772,670		)	(10,706,797		)	(5,010,733		)	372,314			20,836			(389		)
Net realized gain distributions	—			3,538,457			1,020,326			2,382,733			21,820,667			10,793,152			8,504,782			326,085			278,726			339,583
Change in unrealized appreciation (depreciation) during the period	140,245			694,387			225,228			884,389			9,102,898			3,621,551			3,205,499			302,526			734,233			1,315,639
Net gain (loss) on investments	103,767			1,592,488			713,638			1,342,944			10,150,895			3,707,906			6,699,548			1,000,925			1,033,795			1,654,833
Net increase (decrease) in net assets resulting from operations	$	84,138		$	1,593,640		$	695,893		$	1,257,330		$	9,752,496		$	3,810,419		$	6,628,785		$	955,434		$	988,704		$	1,570,646


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Operations (concluded)
For the Periods Ended December 31, 2017

	MFS® Research International Portfolio			Columbia Variable Portfolio - Large Cap Growth Fund			Columbia Variable Portfolio - Select International Equity Fund			Variable Portfolio - Loomis Sayles Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account

Investment income:
Dividends	$	178,800		$	—		$	100,237		$	—

Expenses:
Administrative charges	—			—			—			—
Mortality and expense risk charges	(173,741		)	(156,457		)	(115,681		)	(113,201		)
Total expenses	(173,741		)	(156,457		)	(115,681		)	(113,201		)
Net investment income (loss)	5,059			(156,457		)	(15,444		)	(113,201		)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss) on security transactions	28,106			190,682			87,672			152,281
Net realized gain distributions	—			—			—			—
Change in unrealized appreciation (depreciation) during the period	2,221,814			1,610,467			1,085,973			1,346,874
Net gain (loss) on investments	2,249,920			1,801,149			1,173,645			1,499,155
Net increase (decrease) in net assets resulting from operations	$	2,254,979		$	1,644,692		$	1,158,201		$	1,385,954


The accompanying notes are an integral part of these financial statements.

(1) Formerly Catalyst Dividend Capture VA Fund. Change effective May 1, 2017.

(2) Formerly Catalyst Insider Buying VA Fund. Change effective May 1, 2017.

(3) Formerly BlackRock Large Cap Growth V.I. Fund. Change effective June 12, 2017.

(4) Formerly UIF Core Plus Fixed Income Portfolio. Change effective May 1, 2017.

(5) Formerly UIF Growth Portfolio. Change effective May 1, 2017.

(6) Formerly UIF Mid Cap Growth Portfolio. Change effective May 1, 2017.

(7) Liquidated as of September 29, 2017.

(8) Merged with Oppenheimer Equity Income Fund/VA . Change effective April 28, 2017.

(9) Merged with Oppenheimer Main Street Fund®/VA . Change effective April 28, 2017.

(10) Liquidated as of May 19, 2017.

(11) Liquidated as of November 10, 2017.

(12) Liquidated as of November 10, 2017.

(13) Liquidated as of November 10, 2017.

(14) Liquidated as of November 10, 2017.

(15) Liquidated as of November 10, 2017.

(16) Liquidated as of November 10, 2017.

(17) Liquidated as of November 10, 2017.

(18) Liquidated as of November 10, 2017.

(19) Liquidated as of November 10, 2017.

(20) Liquidated as of November 10, 2017.

(21) Liquidated as of November 10, 2017.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets
For the Periods Ended December 31, 2017

	American Century VP Value Fund			American Century VP Growth Fund			AB VPS Balanced Wealth Strategy Portfolio			AB VPS International Value Portfolio			AB VPS Small/Mid Cap Value Portfolio			AB VPS Value Portfolio			AB VPS International Growth Portfolio			Invesco V.I. Value Opportunities Fund			Invesco V.I. Core Equity Fund			Invesco V.I. Government Securities Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	15,317		$	(21	)	$	20,526		$	15,782		$	(24,719	)	$	(795	)	$	(5,529	)	$	(233,574	)	$	(259,536	)	$	230,672
Net realized gain (loss) on security transactions	135,711			4,041			(558		)	136,058			59,254			6,457			33,025			(582,186		)	1,067,040			(849,397		)
Net realized gain distributions	—			12,928			37,244			—			88,531			—			—			—			1,590,052			—
Change in unrealized appreciation (depreciation) during the period	(6,736		)	6,719			532,355			896,487			67,493			19,962			140,877			3,062,230			924,910			786,852
Net increase (decrease) in net assets resulting from operations	144,292			23,667			589,567			1,048,327			190,559			25,624			168,373			2,246,470			3,322,466			168,127

Unit transactions:
Purchases	2,717			1,950			43,080			18,936			16,320			—			—			48,651			195,734			398,657
Net transfers	(66,457		)	(5,906		)	131,201			(263,448		)	(1,665		)	3,190			11,870			(384,487		)	256,313			6,169,042
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(170,323		)	(3,533		)	(506,222		)	(511,925		)	(349,628		)	(19,663		)	(107,288		)	(1,860,249		)	(4,063,800		)	(12,505,583		)
Other transactions	2			—			—			91			—			(1		)	—			662			636			4,672
Death benefits	(1,986		)	—			(190,555		)	(157,672		)	(30,065		)	—			(3,678		)	(354,416		)	(777,935		)	(2,478,095		)
Net annuity transactions	—			—			—			(34,437		)	—			(11,842		)	—			56,757			(37,135		)	135,214
Net increase (decrease) in net assets resulting from unit transactions	(236,047		)	(7,489		)	(522,496		)	(948,455		)	(365,038		)	(28,316		)	(99,096		)	(2,493,082		)	(4,426,187		)	(8,276,093		)
Net increase (decrease) in net assets	(91,755		)	16,178			67,071			99,872			(174,479		)	(2,692		)	69,277			(246,612		)	(1,103,721		)	(8,107,966		)

Net assets:
Beginning of period	1,933,623			81,729			4,357,815			4,843,999			2,065,868			241,028			541,877			16,246,582			31,902,428			95,179,434
End of period	$	1,841,868		$	97,907		$	4,424,886		$	4,943,871		$	1,891,389		$	238,336		$	611,154		$	15,999,970		$	30,798,707		$	87,071,468


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Invesco V.I. High Yield Fund			Invesco V.I. International Growth Fund			Invesco V.I. Mid Cap Core Equity Fund			Invesco V.I. Small Cap Equity Fund			Invesco V.I. Balanced Risk Allocation Fund			Invesco V.I. Diversified Dividend Fund			Invesco V.I. Government Money Market Fund			American Century VP Mid Cap Value Fund			American Funds Global Bond Fund			American Funds Global Growth and Income Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	8,621		$	(89,281	)	$	(442,391	)	$	(402,542	)	$	37,221		$	(14	)	$	(625,809	)	$	1,112		$	(347,698	)	$	258,076
Net realized gain (loss) on security transactions	(509		)	2,044,844			545,618			441,563			(18,334		)	271			—			5,271			87,319			2,025,000
Net realized gain distributions	—			—			655,204			1,009,976			90,549			253			—			2,834			148,029			740,246
Change in unrealized appreciation (depreciation) during the period	11,898			4,700,217			3,157,461			1,520,521			25,091			(45		)	—			5,958			1,303,288			6,177,446
Net increase (decrease) in net assets resulting from operations	20,010			6,655,780			3,915,892			2,569,518			134,527			465			(625,809		)	15,175			1,190,938			9,200,768

Unit transactions:
Purchases	—			339,820			237,201			172,690			91,840			—			618,789			653			81,575			214,114
Net transfers	12,435			(1,060,341		)	(903,406		)	(429,560		)	(93,406		)	—			20,094,315			877			3,641,069			7,836,969
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(60,442		)	(4,921,157		)	(3,655,060		)	(2,766,641		)	(405,811		)	(540		)	(24,809,499		)	(5,878		)	(3,280,041		)	(5,809,776		)
Other transactions	—			1,786			322			1,103			—			—			2,101			—			88			896
Death benefits	(42,944		)	(821,208		)	(359,487		)	(404,303		)	(42,732		)	—			(2,426,825		)	(301		)	(452,533		)	(956,256		)
Net annuity transactions	(459		)	38,205			52,299			35,509			—			—			40,127			—			90,911			300,077
Net increase (decrease) in net assets resulting from unit transactions	(91,410		)	(6,422,895		)	(4,628,131		)	(3,391,202		)	(450,109		)	(540		)	(6,480,992		)	(4,649		)	81,069			1,586,024
Net increase (decrease) in net assets	(71,400		)	232,885			(712,239		)	(821,684		)	(315,582		)	(75		)	(7,106,801		)	10,526			1,272,007			10,786,792

Net assets:
Beginning of period	580,337			34,208,224			32,861,252			23,354,664			1,847,282			7,639			56,196,085			140,836			24,561,109			40,552,639
End of period	$	508,937		$	34,441,109		$	32,149,013		$	22,532,980		$	1,531,700		$	7,564		$	49,089,284		$	151,362		$	25,833,116		$	51,339,431


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	American Funds Asset Allocation Fund			American Funds Blue Chip Income and Growth Fund			American Funds Bond Fund			American Funds Global Growth Fund			American Funds Growth Fund			American Funds Growth-Income Fund			American Funds International Fund			American Funds New World Fund			American Funds Global Small Capitalization Fund			Columbia Variable Portfolio - Small Company Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(430,362	)	$	121,784		$	475,188		$	(530,887	)	$	(5,185,401	)	$	(1,350,531	)	$	(240,736	)	$	(271,110	)	$	(459,945	)	$	(99,118	)
Net realized gain (loss) on security transactions	6,739,396			3,461,418			(226,237		)	2,157,743			15,342,876			11,400,662			2,202,658			1,266,101			806,015			130,927
Net realized gain distributions	6,848,852			3,068,592			1,735,432			1,422,007			37,815,821			21,968,865			949,902			—			—			251,474
Change in unrealized appreciation (depreciation) during the period	6,805,523			5,089,914			341,304			8,987,025			43,880,033			31,657,075			18,695,245			6,376,761			6,670,127			786,238
Net increase (decrease) in net assets resulting from operations	19,963,409			11,741,708			2,325,687			12,035,888			91,853,329			63,676,071			21,607,069			7,371,752			7,016,197			1,069,521

Unit transactions:
Purchases	663,739			289,233			503,431			141,655			2,125,879			1,559,030			230,956			170,932			126,631			472
Net transfers	11,369,016			4,383,109			28,810,606			3,320,639			35,817,524			18,424,689			25,755,964			4,982,847			6,635,811			(210,815		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(18,473,980		)	(10,319,174		)	(15,956,561		)	(5,927,648		)	(49,803,172		)	(42,212,553		)	(10,755,507		)	(4,055,702		)	(4,820,500		)	(295,717		)
Other transactions	1,467			340			14,205			394			6,975			7,009			551			66			528			120
Death benefits	(3,277,309		)	(1,211,539		)	(2,919,767		)	(727,713		)	(8,026,835		)	(6,909,627		)	(1,303,648		)	(429,205		)	(428,823		)	(75,815		)
Net annuity transactions	362,176			5,645			250,544			(61,762		)	(59,716		)	329,433			(35,627		)	(16,073		)	(10,787		)	(5,690		)
Net increase (decrease) in net assets resulting from unit transactions	(9,354,891		)	(6,852,386		)	10,702,458			(3,254,435		)	(19,939,345		)	(28,802,019		)	13,892,689			652,865			1,502,860			(587,445		)
Net increase (decrease) in net assets	10,608,518			4,889,322			13,028,145			8,781,453			71,913,984			34,874,052			35,499,758			8,024,617			8,519,057			482,076

Net assets:
Beginning of period	148,582,358			84,142,065			123,541,317			43,944,517			375,951,324			337,129,140			$	75,344,612		$	28,455,125		$	31,146,908		$	4,334,457
End of period	$	159,190,876		$	89,031,387		$	136,569,462		$	52,725,970		$	447,865,308		$	372,003,192		$	110,844,370		$	36,479,742		$	39,665,965		$	4,816,533


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Wells Fargo VT Omega Growth Fund			Fidelity® VIP Growth Portfolio			Fidelity® VIP Contrafund® Portfolio			Fidelity® VIP Mid Cap Portfolio			Fidelity® VIP Value Strategies Portfolio			Fidelity® VIP Dynamic Capital Appreciation Portfolio			Fidelity® VIP Strategic Income Portfolio			Franklin Rising Dividends VIP Fund			Franklin Income VIP Fund			Franklin Large Cap Growth VIP Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(10,378	)	$	(27,764	)	$	(121,996	)	$	(143,538	)	$	(3,765	)	$	(4,943	)	$	2,797		$	(376,579	)	$	8,265,082		$	(290,611	)
Net realized gain (loss) on security transactions	44,469			133,700			1,168,052			719,928			23,199			15,750			19			7,028,288			3,584,080			686,779
Net realized gain distributions	21,776			137,988			850,453			613,920			145,116			21,353			603			5,951,251			—			1,847,725
Change in unrealized appreciation (depreciation) during the period	138,739			313,338			900,045			1,011,286			(67,972		)	33,981			4,239			15,048,956			14,242,015			3,034,138
Net increase (decrease) in net assets resulting from operations	194,606			557,262			2,796,554			2,201,596			96,578			66,141			7,658			27,651,916			26,091,177			5,278,031

Unit transactions:
Purchases	—			11,147			129,694			49,294			32,966			—			—			856,734			2,008,736			70,317
Net transfers	46,226			(173,333		)	(766,939		)	(372,732		)	3,923			14,035			4,000			(4,514,340		)	(3,055,063		)	313,311
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(302,893		)	(271,954		)	(2,413,733		)	(2,297,144		)	(36,476		)	(141,479		)	(2,781		)	(20,237,569		)	(46,592,144		)	(2,956,656		)
Other transactions	70			144			(274		)	235			—			(1		)	—			2,548			15,824			435
Death benefits	—			(28,033		)	(361,875		)	(303,506		)	(22,018		)	—			—			(2,965,559		)	(8,089,313		)	(509,244		)
Net annuity transactions	(4,192		)	(30,956		)	(37,810		)	(1,149		)	—			(1,386		)	—			12,466			421,162			(2,881		)
Net increase (decrease) in net assets resulting from unit transactions	(260,789		)	(492,985		)	(3,450,937		)	(2,925,002		)	(21,605		)	(128,831		)	1,219			(26,845,720		)	(55,290,798		)	(3,084,718		)
Net increase (decrease) in net assets	(66,183		)	64,277			(654,383		)	(723,406		)	74,973			(62,690		)	8,877			806,196			(29,199,621		)	2,193,313

Net assets:
Beginning of period	658,776			1,750,447			15,545,759			13,298,984			581,883			337,303			109,810			163,348,929			362,542,937			21,434,368
End of period	$	592,593		$	1,814,724		$	14,891,376		$	12,575,578		$	656,856		$	274,613		$	118,687		$	164,155,125		$	333,343,316		$	23,627,681


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Franklin Global Real Estate VIP Fund			Franklin Small-Mid Cap Growth VIP Fund			Franklin Small Cap Value VIP Fund			Franklin Strategic Income VIP Fund			Franklin Mutual Shares VIP Fund			Templeton Developing Markets VIP Fund			Templeton Foreign VIP Fund			Templeton Growth VIP Fund			Franklin Mutual Global Discovery VIP Fund			Franklin Flex Cap Growth VIP Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	13,046		$	(878,226	)	$	(165,642	)	$	1,267,244		$	914,233		$	(123,858	)	$	495,762		$	(169,233	)	$	(47,559	)	$	(204,543	)
Net realized gain (loss) on security transactions	780			(1,265,893		)	254,654			(1,323,345		)	6,975,518			5,275			534,143			3,955,742			471,213			(621,763		)
Net realized gain distributions	—			4,647,823			880,982			—			7,931,195			—			—			—			3,339,428			25,348
Change in unrealized appreciation (depreciation) during the period	55,437			5,781,786			20,128			3,043,278			(3,202,208		)	5,526,325			7,808,721			13,096,445			146,580			3,194,906
Net increase (decrease) in net assets resulting from operations	69,263			8,285,490			990,122			2,987,177			12,618,738			5,407,742			8,838,626			16,882,954			3,909,662			2,393,948

Unit transactions:
Purchases	13			217,273			33,318			392,953			694,281			167,932			259,904			376,573			288,934			99,208
Net transfers	(80,087		)	(179,999		)	(1,269,494		)	3,866,053			(1,416,596		)	546,689			(1,218,325		)	(2,240,286		)	(670,497		)	(185,709		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(27,897		)	(5,934,644		)	(2,212,915		)	(13,029,899		)	(25,818,752		)	(2,518,547		)	(8,327,277		)	(14,235,308		)	(6,857,857		)	(1,277,677		)
Other transactions	—			1,092			93			2,185			9,518			1,287			1,071			6,400			5,648			727
Death benefits	(1,171		)	(582,302		)	(112,348		)	(1,978,827		)	(4,597,121		)	(181,560		)	(1,386,214		)	(2,221,128		)	(955,878		)	(134,543		)
Net annuity transactions	(3,455		)	141,753			(5,184		)	23,360			127,891			(9,289		)	43,963			141,926			170,827			(5,644		)
Net increase (decrease) in net assets resulting from unit transactions	(112,597		)	(6,336,827		)	(3,566,530		)	(10,724,175		)	(31,000,779		)	(1,993,488		)	(10,626,878		)	(18,171,823		)	(8,018,823		)	(1,503,638		)
Net increase (decrease) in net assets	(43,334		)	1,948,663			(2,576,408		)	(7,736,998		)	(18,382,041		)	3,414,254			(1,788,252		)	(1,288,869		)	(4,109,161		)	890,310

Net assets:
Beginning of period	855,299			45,772,218			14,743,972			108,493,198			207,416,296			14,913,656			64,936,858			110,930,197			61,818,346			10,079,964
End of period	$	811,965		$	47,720,881		$	12,167,564		$	100,756,200		$	189,034,255		$	18,327,910		$	63,148,606		$	109,641,328		$	57,709,185		$	10,970,274


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Templeton Global Bond VIP Fund			Hartford Balanced HLS Fund			Hartford Total Return Bond HLS Fund			Hartford Capital Appreciation HLS Fund			Hartford Dividend and Growth HLS Fund			Hartford Healthcare HLS Fund			Hartford Global Growth HLS Fund			Hartford Disciplined Equity HLS Fund			Hartford Growth Opportunities HLS Fund			Hartford High Yield HLS Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(193,250	)	$	31,099		$	1,410,186		$	(619,332	)	$	(49,790	)	$	(1,119	)	$	(12,754	)	$	(70,585	)	$	(379,899	)	$	305,750
Net realized gain (loss) on security transactions	(134,694		)	557,199			397,194			3,282,274			2,820,410			7,018			43,333			231,817			1,197,274			(26,101		)
Net realized gain distributions	38,962			—			—			5,611,272			5,379,855			12,015			44,703			1,243,063			307,906			—
Change in unrealized appreciation (depreciation) during the period	343,115			1,015,260			1,943,689			11,719,305			3,972,039			(2,474		)	177,704			722,560			5,051,697			130,968
Net increase (decrease) in net assets resulting from operations	54,133			1,603,558			3,751,069			19,993,519			12,122,514			15,440			252,986			2,126,855			6,176,978			410,617

Unit transactions:
Purchases	55,525			134,573			382,690			421,754			326,132			—			125			95,419			211,392			111,726
Net transfers	569,958			530,736			8,806,704			(4,775,992		)	(3,815,393		)	309			(16,956		)	(248,945		)	(1,651,662		)	201,719
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(1,996,341		)	(1,462,965		)	(16,242,597		)	(15,433,063		)	(12,184,212		)	(32,629		)	(116,319		)	(1,201,600		)	(3,631,260		)	(1,198,163		)
Other transactions	23			10			650			(250		)	181			—			(1		)	664			293			4
Death benefits	(286,400		)	(508,666		)	(2,783,188		)	(2,880,818		)	(2,377,200		)	(233		)	(10,279		)	(202,939		)	(457,256		)	(206,276		)
Net annuity transactions	(3,441		)	(25,437		)	(71,164		)	(2,484		)	(66,996		)	—			(14,506		)	(76,521		)	(12,058		)	(6,554		)
Net increase (decrease) in net assets resulting from unit transactions	(1,660,676		)	(1,331,749		)	(9,906,905		)	(22,670,853		)	(18,117,488		)	(32,553		)	(157,936		)	(1,633,922		)	(5,540,551		)	(1,097,544		)
Net increase (decrease) in net assets	(1,606,543		)	271,809			(6,155,836		)	(2,677,334		)	(5,994,974		)	(17,113		)	95,050			492,933			636,427			(686,927		)

Net assets:
Beginning of period	13,338,093			12,814,954			111,466,608			109,530,012			84,569,750			97,536			903,875			11,480,135			23,340,974			7,253,753
End of period	$	11,731,550		$	13,086,763		$	105,310,772		$	106,852,678		$	78,574,776		$	80,423		$	998,925		$	11,973,068		$	23,977,401		$	6,566,826


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Hartford International Opportunities HLS Fund			Hartford Small/Mid Cap Equity HLS Fund			Hartford MidCap HLS Fund			Hartford MidCap Value HLS Fund			Hartford Ultrashort Bond HLS Fund			Hartford Small Company HLS Fund			Hartford SmallCap Growth HLS Fund			Hartford Stock HLS Fund			Hartford U.S. Government Securities HLS Fund			Hartford Value HLS Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(18,444	)	$	(16,679	)	$	(10,524	)	$	(6,809	)	$	(538,236	)	$	(52,878	)	$	(21,980	)	$	(29,675	)	$	34,571		$	1,799
Net realized gain (loss) on security transactions	333,580			(3,890		)	15,743			(4,651		)	74,075			(27,511		)	40,021			364,895			(13,262		)	83,103
Net realized gain distributions	—			39,159			37,281			21,738			—			—			—			—			—			90,441
Change in unrealized appreciation (depreciation) during the period	1,171,260			137,224			109,935			25,287			44,958			657,975			209,526			746,326			(25,781		)	(12,016		)
Net increase (decrease) in net assets resulting from operations	1,486,396			155,814			152,435			35,565			(419,203		)	577,586			227,567			1,081,546			(4,472		)	163,327

Unit transactions:
Purchases	114,359			650			—			—			294,997			11,754			29,892			18,260			28,892			48,300
Net transfers	(13,827		)	(19,407		)	1,326			(75,900		)	2,733,766			(165,568		)	275,601			(55,312		)	270,740			(135,882		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(847,521		)	(501,850		)	(40,899		)	(23,610		)	(9,928,491		)	(219,173		)	(123,250		)	(597,529		)	(425,181		)	(184,626		)
Other transactions	80			—			(1		)	—			160			14			183			363			171			1
Death benefits	(81,499		)	(47,849		)	—			(6,043		)	(1,227,693		)	(157,141		)	(32,990		)	(116,709		)	(40,580		)	(8,176		)
Net annuity transactions	(3,647		)	—			(10,450		)	—			(106,681		)	(4,842		)	—			18,985			—			(916		)
Net increase (decrease) in net assets resulting from unit transactions	(832,055		)	(568,456		)	(50,024		)	(105,553		)	(8,233,942		)	(534,956		)	149,436			(731,942		)	(165,958		)	(281,299		)
Net increase (decrease) in net assets	654,341			(412,642		)	102,411			(69,988		)	(8,653,145		)	42,630			377,003			349,604			(170,430		)	(117,972		)

Net assets:
Beginning of period	6,723,023			1,675,453			708,498			416,875			57,724,555			2,725,976			1,160,861			6,634,445			4,708,241			1,382,086
End of period	$	7,377,364		$	1,262,811		$	810,909		$	346,887		$	49,071,410		$	2,768,606		$	1,537,864		$	6,984,049		$	4,537,811		$	1,264,114


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Rational Dividend Capture VA Fund			Rational Insider Buying VA Fund			Lord Abbett Fundamental Equity Fund			Lord Abbett Calibrated Dividend Growth Fund			Lord Abbett Bond Debenture Fund			Lord Abbett Growth and Income Fund			MFS® Growth Fund			MFS® Global Equity Fund			MFS® Investors Trust Fund			MFS® Mid Cap Growth Fund
	Sub-Account (1)			Sub-Account (2)			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	68,157		$	(37,622	)	$	4,338		$	1,358		$	250,520		$	(6,437	)	$	(475,595	)	$	(52,562	)	$	(546,387	)	$	(263,348	)
Net realized gain (loss) on security transactions	(3,201		)	(189,557		)	20,165			47,832			133,059			128,022			2,367,565			314,791			2,604,239			494,178
Net realized gain distributions	—			447,077			105,970			169,133			94,213			150,405			1,066,950			191,200			1,888,711			844,157
Change in unrealized appreciation (depreciation) during the period	(167,125		)	301,812			25,899			276,682			217,676			(96,490		)	4,258,326			546,440			5,512,821			2,137,432
Net increase (decrease) in net assets resulting from operations	(102,169		)	521,710			156,372			495,005			695,468			175,500			7,217,246			999,869			9,459,384			3,212,419

Unit transactions:
Purchases	4,330			11,576			1,688			34,750			41,195			—			25,250			2,970			232,516			34,827
Net transfers	74,136			(123,696		)	(50,898		)	(229,933		)	842,277			(6,605		)	(2,149,920		)	190,976			(1,918,234		)	83,205
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(566,398		)	(653,482		)	(153,648		)	(512,923		)	(1,005,290		)	(331,475		)	(3,386,896		)	(662,923		)	(6,388,773		)	(1,981,172		)
Other transactions	1			2			4			1			63			55			(7		)	2			3,654			36
Death benefits	162			(4,555		)	—			(8,459		)	(205,344		)	(16,084		)	(299,042		)	(77,711		)	(981,898		)	(390,221		)
Net annuity transactions	1,420			594			—			—			(1,832		)	—			171,502			22,679			91,374			(7,062		)
Net increase (decrease) in net assets resulting from unit transactions	(486,349		)	(769,561		)	(202,854		)	(716,564		)	(328,931		)	(354,109		)	(5,639,113		)	(524,007		)	(8,961,361		)	(2,260,387		)
Net increase (decrease) in net assets	(588,518		)	(247,851		)	(46,482		)	(221,559		)	366,537			(178,609		)	1,578,133			475,862			498,023			952,032

Net assets:
Beginning of period	3,991,887			3,742,389			1,432,057			3,283,453			9,315,754			1,754,696			26,796,913			4,771,582			49,243,607			14,169,737
End of period	$	3,403,369		$	3,494,538		$	1,385,575		$	3,061,894		$	9,682,291		$	1,576,087		$	28,375,046		$	5,247,444		$	49,741,630		$	15,121,769


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	MFS® New Discovery Fund			MFS® Total Return Fund			MFS® Value Fund			MFS® Total Return Bond Series			MFS® Research Fund			MFS® High Yield Portfolio			BlackRock Global Allocation V.I. Fund			BlackRock Global Opportunities V.I. Fund			BlackRock Large Cap Focus Growth V.I. Fund			BlackRock Equity Dividend V.I. Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account (3)			Sub-Account

Operations:
Net investment income (loss)	$	(552,168	)	$	768,384		$	101,228		$	1,257,420		$	(20,227	)	$	1,376,235		$	1,392		$	(400	)	$	(8,843	)	$	5,826
Net realized gain (loss) on security transactions	900,994			4,596,648			3,572,860			420,657			165,166			(169,720		)	(21		)	2,092			40,913			25,981
Net realized gain distributions	569,214			4,040,505			2,429,519			—			263,595			—			2,698			3,808			60,068			36,075
Change in unrealized appreciation (depreciation) during the period	5,724,964			5,464,497			2,857,899			404,717			342,129			221,392			22,158			2,158			12,094			33,807
Net increase (decrease) in net assets resulting from operations	6,643,004			14,870,034			8,961,506			2,082,794			750,663			1,427,907			26,227			7,658			104,232			101,689

Unit transactions:
Purchases	97,831			1,110,062			298,774			170,464			7,548			142,175			—			—			—			280
Net transfers	(1,072,631		)	(657,157		)	(1,609,297		)	5,206,815			229,234			1,516,180			10,251			(11,242		)	(112,192		)	(41,904		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(4,003,002		)	(21,844,433		)	(7,909,263		)	(10,435,605		)	(431,923		)	(4,252,984		)	(2,929		)	(2,488		)	(52,306		)	(68,863		)
Other transactions	358			2,046			2,045			1,585			259			929			—			—			—			—
Death benefits	(571,563		)	(3,651,595		)	(1,142,709		)	(1,344,703		)	(82,707		)	(596,660		)	—			—			(19,763		)	(1,498		)
Net annuity transactions	(35,732		)	538,374			52,706			202,147			(6,106		)	379,020			—			—			—			—
Net increase (decrease) in net assets resulting from unit transactions	(5,584,739		)	(24,502,703		)	(10,307,744		)	(6,199,297		)	(283,695		)	(2,811,340		)	7,322			(13,730		)	(184,261		)	(111,985		)
Net increase (decrease) in net assets	1,058,265			(9,632,669		)	(1,346,238		)	(4,116,503		)	466,968			(1,383,433		)	33,549			(6,072		)	(80,029		)	(10,296		)

Net assets:
Beginning of period	30,037,343			155,634,755			63,152,998			78,599,528			3,649,101			30,652,921			200,285			36,378			443,860			705,620
End of period	$	31,095,608		$	146,002,086		$	61,806,760		$	74,483,025		$	4,116,069		$	29,269,488		$	233,834		$	30,306		$	363,831		$	695,324


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Morgan Stanley VIF Core Plus Fixed Income Portfolio			Morgan Stanley VIF Growth Portfolio			Morgan Stanley VIF Mid Cap Growth Portfolio			Invesco V.I. American Value Fund			Morgan Stanley Mid Cap Growth Portfolio			BlackRock Capital Appreciation V.I. Fund			Columbia Variable Portfolio - Asset Allocation Fund			Columbia Variable Portfolio - Dividend Opportunity Fund			Columbia Variable Portfolio - Income Opportunities Fund			Columbia Variable Portfolio - Mid Cap Growth Fund
	Sub-Account (4)			Sub-Account (5)			Sub-Account (6)			Sub-Account			Sub-Account (7)			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	539		$	(5,306	)	$	(22,877	)	$	(9,352	)	$	(1,521	)	$	(3,894	)	$	(7,869	)	$	(157,762	)	$	238,727		$	(153,147	)
Net realized gain (loss) on security transactions	91			7,750			(5,003		)	35,906			(2,810		)	20,372			2,084			535,445			(170,029		)	408,906
Net realized gain distributions	—			23,552			—			12,254			—			58,416			1,748			—			—			—
Change in unrealized appreciation (depreciation) during the period	1,152			67,675			474,022			43,175			36,544			79,015			239,139			451,678			184,347			1,050,523
Net increase (decrease) in net assets resulting from operations	1,782			93,671			446,142			81,983			32,213			153,909			235,102			829,361			253,045			1,306,282

Unit transactions:
Purchases	—			1,400			13,593			11,046			—			—			—			2,497			408			224
Net transfers	—			(6,586		)	(60,604		)	239,887			(142,281		)	(112,205		)	(35,583		)	(133,267		)	108,746			(165,948		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(682		)	(55,221		)	(153,162		)	(177,405		)	(16,605		)	(61,764		)	(162,730		)	(904,597		)	(674,666		)	(574,007		)
Other transactions	—			—			153			(152		)	2			—			1			372			52			269
Death benefits	—			—			(42,028		)	(7,355		)	—			—			(34,071		)	(105,969		)	(185,555		)	(173,113		)
Net annuity transactions	—			—			—			—			—			—			(1,184		)	19,332			13,283			(3,951		)
Net increase (decrease) in net assets resulting from unit transactions	(682		)	(60,407		)	(242,048		)	66,021			(158,884		)	(173,969		)	(233,567		)	(1,121,632		)	(737,732		)	(916,526		)
Net increase (decrease) in net assets	1,100			33,264			204,094			148,004			(126,671		)	(20,060		)	1,535			(292,271		)	(484,687		)	389,756

Net assets:
Beginning of period	43,794			247,562			1,299,458			950,108			126,671			559,679			1,929,599			7,528,292			6,004,460			6,786,779
End of period	$	44,894		$	280,826		$	1,503,552		$	1,098,112		$	—		$	539,619		$	1,931,134		$	7,236,021		$	5,519,773		$	7,176,535


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Oppenheimer Capital Appreciation Fund/VA			Oppenheimer Global Fund/VA			Oppenheimer Main Street Fund®/VA			Oppenheimer Main Street Small Cap Fund/VA			Oppenheimer Equity Income Fund/VA			Putnam VT Diversified Income Fund			Putnam VT Global Asset Allocation Fund			Putnam VT Growth Opportunities Fund			Putnam VT International Value Fund			Putnam VT International Equity Fund
	Sub-Account			Sub-Account			Sub-Account (8)			Sub-Account			Sub-Account (9)			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(8,574	)	$	(45,038	)	$	(1,647	)	$	(39,324	)	$	4,621		$	495,660		$	(2,696	)	$	(11,299	)	$	(108	)	$	984
Net realized gain (loss) on security transactions	7,762			266,185			102,915			293,047			32,490			(224,371		)	41,993			83,560			3,172			10,215
Net realized gain distributions	51,556			—			25,649			232,621			—			—			24,347			27,032			—			—
Change in unrealized appreciation (depreciation) during the period	69,692			1,242,259			27,365			(262		)	(30,257		)	373,291			21,224			411,278			6,795			56,949
Net increase (decrease) in net assets resulting from operations	120,436			1,463,406			154,282			486,082			6,854			644,580			84,868			510,571			9,859			68,148

Unit transactions:
Purchases	325			15,285			34,140			15,940			—			99,164			—			2,717			—			30
Net transfers	7,150			102,032			64,643			(309,908		)	17,483			363,699			(10,230		)	(314,893		)	(72,701		)	27,709
Net interfund transfers due to corporate actions	—			—			277,472			—			(277,472		)	—			—			—			—			—
Surrenders for benefit payments and fees	(141,974		)	(572,665		)	(757,280		)	(537,524		)	(3,124		)	(1,667,138		)	(157,987		)	(201,397		)	(13,240		)	(44,794		)
Other transactions	43			(1		)	(4		)	126			—			(11		)	39			1			—			—
Death benefits	—			(86,315		)	(28,435		)	(109,112		)	—			(293,322		)	—			(2,024		)	—			(21,307		)
Net annuity transactions	(51,327		)	—			13,736			—			(28,005		)	—			—			—			(1,649		)	—
Net increase (decrease) in net assets resulting from unit transactions	(185,783		)	(541,664		)	(395,728		)	(940,478		)	(291,118		)	(1,497,608		)	(168,178		)	(515,596		)	(87,590		)	(38,362		)
Net increase (decrease) in net assets	(65,347		)	921,742			(241,446		)	(454,396		)	(284,264		)	(853,028		)	(83,310		)	(5,025		)	(77,731		)	29,786

Net assets:
Beginning of period	543,614			4,470,280			1,126,233			4,535,693			284,264			12,444,852			694,957			1,939,236			114,925			294,529
End of period	$	478,267		$	5,392,022		$	884,787		$	4,081,297		$	—		$	11,591,824		$	611,647		$	1,934,211		$	37,194		$	324,315


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Putnam VT Small Cap Value Fund			JPMorgan Insurance Trust Core Bond Portfolio			JPMorgan Insurance Trust U.S. Equity Portfolio			JPMorgan Insurance Trust Intrepid Mid Cap Portfolio			JPMorgan Insurance Trust Mid Cap Value Portfolio			Putnam VT Equity Income Fund			PIMCO All Asset Fund			PIMCO StocksPLUS Global Portfolio			PIMCO Global Multi-Asset Managed Allocation Portfolio			Jennison 20/20 Focus Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account (10)			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(3,251	)	$	354,903		$	(33,229	)	$	(34,307	)	$	(29,068	)	$	1,518		$	5,431		$	10,907		$	207		$	(699	)
Net realized gain (loss) on security transactions	(4,048		)	(66,247		)	436,476			298,411			(27,308		)	1,041			(154		)	(21,627		)	(50		)	13,072
Net realized gain distributions	14,624			—			47,239			—			162,538			4,227			—			—			—			—
Change in unrealized appreciation (depreciation) during the period	8,519			394,390			440,618			(23,534		)	300,063			16,760			11,351			93,704			1,382			(3,077		)
Net increase (decrease) in net assets resulting from operations	15,844			683,046			891,104			240,570			406,225			23,546			16,628			82,984			1,539			9,296

Unit transactions:
Purchases	10,825			77,963			19,092			482			3,776			—			—			—			—			—
Net transfers	103,750			1,671,187			(310,128		)	(5,610,173		)	35,531			(133		)	(194		)	(70,056		)	46,791			—
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(142,529		)	(4,540,506		)	(662,290		)	(320,012		)	(675,770		)	(4,546		)	(2,130		)	(53,438		)	(15,409		)	(6,890		)
Other transactions	—			1,292			167			46			163			(1		)	(1		)	—			—			—
Death benefits	—			(740,271		)	(73,992		)	(24,448		)	(74,079		)	—			(2,014		)	—			—			(23,845		)
Net annuity transactions	—			(67,754		)	(10,396		)	(16,163		)	(34,385		)	—			—			—			—			—
Net increase (decrease) in net assets resulting from unit transactions	(27,954		)	(3,598,089		)	(1,037,547		)	(5,970,268		)	(744,764		)	(4,680		)	(4,339		)	(123,494		)	31,382			(30,735		)
Net increase (decrease) in net assets	(12,110		)	(2,915,043		)	(146,443		)	(5,729,698		)	(338,539		)	18,866			12,289			(40,510		)	32,921			(21,439		)

Net assets:
Beginning of period	276,555			35,591,635			4,941,254			5,729,698			3,791,920			133,076			134,456			438,441			8,191			54,270
End of period	$	264,445		$	32,676,592		$	4,794,811		$	—		$	3,453,381		$	151,942		$	146,745		$	397,931		$	41,112		$	32,831


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Jennison Fund			Prudential Value Portfolio			Prudential SP International Growth Portfolio			ClearBridge Variable Dividend Strategy Portfolio			Western Asset Variable Global High Yield Bond Portfolio			ClearBridge Variable Large Cap Value Portfolio			Invesco V.I. Growth and Income Fund			Invesco V.I. Comstock Fund			Invesco V.I. American Franchise Fund			Invesco V.I. Mid Cap Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(2,749	)	$	(414	)	$	(174	)	$	30		$	1,369		$	(700	)	$	(3,504	)	$	(510	)	$	(311,079	)	$	(53,147	)
Net realized gain (loss) on security transactions	6,922			9,957			756			172			(264		)	11,201			58,402			18,315			1,127,139			33,597
Net realized gain distributions	—			—			—			—			—			19,074			54,617			9,320			1,338,649			180,021
Change in unrealized appreciation (depreciation) during the period	39,611			(5,979		)	2,930			3,528			1,290			54,712			44,747			4,030			1,536,414			366,631
Net increase (decrease) in net assets resulting from operations	43,784			3,564			3,512			3,730			2,395			84,287			154,262			31,155			3,691,123			527,102

Unit transactions:
Purchases	—			—			—			—			—			—			2,120			—			59,164			1,861
Net transfers	(1,287		)	—			—			466			587			5,642			(119,333		)	(269		)	386,855			94,512
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(3,405		)	(8,221		)	(5,667		)	(654		)	(1,532		)	(77,262		)	(217,376		)	(15,803		)	(2,084,703		)	(477,587		)
Other transactions	1			(2		)	—			—			—			—			—			—			(63		)	1
Death benefits	—			(20,349		)	—			—			—			(3,174		)	(28		)	—			(140,175		)	(45,759		)
Net annuity transactions	(7,259		)	—			—			—			—			(5,390		)	—			—			26,332			(11,398		)
Net increase (decrease) in net assets resulting from unit transactions	(11,950		)	(28,572		)	(5,667		)	(188		)	(945		)	(80,184		)	(334,617		)	(16,072		)	(1,752,590		)	(438,370		)
Net increase (decrease) in net assets	31,834			(25,008		)	(2,155		)	3,542			1,450			4,103			(180,355		)	15,083			1,938,533			88,732

Net assets:
Beginning of period	133,406			44,591			12,396			21,280			34,023			662,586			1,494,723			218,390			15,346,497			2,687,446
End of period	$	165,240		$	19,583		$	10,241		$	24,822		$	35,473		$	666,689		$	1,314,368		$	233,473		$	17,285,030		$	2,776,178


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	Wells Fargo VT Index Asset Allocation Fund			Wells Fargo VT International Equity Fund			Wells Fargo VT Small Cap Growth Fund			Wells Fargo VT Discovery Fund			Wells Fargo VT Opportunity Fund			HIMCO VIT Index Fund			HIMCO VIT Portfolio Diversifier Fund			HIMCO VIT American Funds Asset Allocation Fund			HIMCO VIT American Funds Blue Chip Income and Growth Fund			HIMCO VIT American Funds Bond Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account (11)			Sub-Account (12)			Sub-Account (13)

Operations:
Net investment income (loss)	$	(290	)	$	12,967		$	(15,297	)	$	(112	)	$	(43,324	)	$	46,946		$	104,317		$	(31,044	)	$	77,826		$	312,631
Net realized gain (loss) on security transactions	371			(1,523		)	27,018			39			404,139			173,768			(525,085		)	(1,873,726		)	(1,839,621		)	(814,014		)
Net realized gain distributions	1,133			—			26,197			435			542,134			256,549			—			2,381,898			1,772,763			73,738
Change in unrealized appreciation (depreciation) during the period	1,392			173,702			151,796			1,629			260,445			368,820			(981,979		)	741,564			454,850			857,631
Net increase (decrease) in net assets resulting from operations	2,606			185,146			189,714			1,991			1,163,394			846,083			(1,402,747		)	1,218,692			465,818			429,986

Unit transactions:
Purchases	10			12,583			1,214			—			21,646			15,672			64,891			975			6,000			76,015
Net transfers	—			(8,122		)	4,171			—			(511,686		)	(237,083		)	3,060,729			(9,027,683		)	(5,270,640		)	(20,059,992		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(697		)	(129,882		)	(115,787		)	(58		)	(850,712		)	(690,640		)	(3,947,394		)	(2,914,818		)	(845,403		)	(2,216,671		)
Other transactions	1			504			—			—			—			4			465			(308		)	2			(272		)
Death benefits	—			(16,884		)	(10,139		)	—			(168,135		)	(60,577		)	(99,551		)	(225,626		)	(86,075		)	(310,785		)
Net annuity transactions	—			8,943			—			—			—			—			—			(45,899		)	(104,456		)	(45,211		)
Net increase (decrease) in net assets resulting from unit transactions	(686		)	(132,858		)	(120,541		)	(58		)	(1,508,887		)	(972,624		)	(920,860		)	(12,213,359		)	(6,300,572		)	(22,556,916		)
Net increase (decrease) in net assets	1,920			52,288			69,173			1,933			(345,493		)	(126,541		)	(2,323,607		)	(10,994,667		)	(5,834,754		)	(22,126,930		)

Net assets:
Beginning of period	25,604			884,469			841,126			7,307			6,934,766			4,462,379			35,259,019			10,994,667			5,834,754			22,126,930
End of period	$	27,524		$	936,757		$	910,299		$	9,240		$	6,589,273		$	4,335,838		$	32,935,412		$	—		$	—		$	—


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2017

	HIMCO VIT American Funds Global Bond Fund			HIMCO VIT American Funds Global Growth and Income Fund			HIMCO VIT American Funds Global Growth Fund			HIMCO VIT American Funds Global Small Capitalization Fund			HIMCO VIT American Funds Growth Fund			HIMCO VIT American Funds Growth-Income Fund			HIMCO VIT American Funds International Fund			HIMCO VIT American Funds New World Fund			MFS® Core Equity Portfolio			MFS® Massachusetts Investors Growth Stock Portfolio
	Sub-Account (14)			Sub-Account (15)			Sub-Account (16)			Sub-Account (17)			Sub-Account (18)			Sub-Account (19)			Sub-Account (20)			Sub-Account (21)			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(19,629	)	$	1,152		$	(17,745	)	$	(85,614	)	$	(398,399	)	$	102,513		$	(70,763	)	$	(45,491	)	$	(45,091	)	$	(84,187	)
Net realized gain (loss) on security transactions	(36,478		)	(2,640,356		)	(531,916		)	(1,924,178		)	(20,772,670		)	(10,706,797		)	(5,010,733		)	372,314			20,836			(389		)
Net realized gain distributions	—			3,538,457			1,020,326			2,382,733			21,820,667			10,793,152			8,504,782			326,085			278,726			339,583
Change in unrealized appreciation (depreciation) during the period	140,245			694,387			225,228			884,389			9,102,898			3,621,551			3,205,499			302,526			734,233			1,315,639
Net increase (decrease) in net assets resulting from operations	84,138			1,593,640			695,893			1,257,330			9,752,496			3,810,419			6,628,785			955,434			988,704			1,570,646

Unit transactions:
Purchases	7,521			18,407			1,235			34,469			158,851			32,341			212,937			22,264			5,982			40,005
Net transfers	(1,861,317		)	(8,191,970		)	(2,865,480		)	(6,863,073		)	(48,403,412		)	(25,549,472		)	(29,131,634		)	(4,178,333		)	(79,379		)	(185,488		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(243,593		)	(1,041,164		)	(265,093		)	(1,025,236		)	(6,030,853		)	(2,239,336		)	(3,094,967		)	(672,250		)	(437,798		)	(759,528		)
Other transactions	100			24			129			(367		)	(1,122		)	(135		)	26			—			177			(2		)
Death benefits	(18,391		)	(185,371		)	(36,531		)	(115,412		)	(580,425		)	(310,007		)	(528,599		)	(61,333		)	(14,078		)	(159,608		)
Net annuity transactions	(15,773		)	(76,950		)	(2,473		)	(14,331		)	(121,934		)	(293,155		)	(46,382		)	(20,743		)	(48,340		)	69,422
Net increase (decrease) in net assets resulting from unit transactions	(2,131,453		)	(9,477,024		)	(3,168,213		)	(7,983,950		)	(54,978,895		)	(28,359,764		)	(32,588,619		)	(4,910,395		)	(573,436		)	(995,199		)
Net increase (decrease) in net assets	(2,047,315		)	(7,883,384		)	(2,472,320		)	(6,726,620		)	(45,226,399		)	(24,549,345		)	(25,959,834		)	(3,954,961		)	415,268			575,447

Net assets:
Beginning of period	2,047,315			7,883,384			2,472,320			6,726,620			45,226,399			24,549,345			25,959,834			3,954,961			4,652,446			6,458,277
End of period	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	5,067,714		$	7,033,724


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (concluded)
For the Periods Ended December 31, 2017

	MFS® Research International Portfolio			Columbia Variable Portfolio - Large Cap Growth Fund			Columbia Variable Portfolio - Select International Equity Fund			Variable Portfolio - Loomis Sayles Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	5,059		$	(156,457	)	$	(15,444	)	$	(113,201	)
Net realized gain (loss) on security transactions	28,106			190,682			87,672			152,281
Net realized gain distributions	—			—			—			—
Change in unrealized appreciation (depreciation) during the period	2,221,814			1,610,467			1,085,973			1,346,874
Net increase (decrease) in net assets resulting from operations	2,254,979			1,644,692			1,158,201			1,385,954

Unit transactions:
Purchases	139,288			9,504			1,554			—
Net transfers	(580,477		)	(151,919		)	(113,745		)	(124,408		)
Net interfund transfers due to corporate actions	—			—			—			—
Surrenders for benefit payments and fees	(1,417,865		)	(520,250		)	(459,646		)	(383,136		)
Other transactions	1,116			2			281			291
Death benefits	(243,626		)	(86,363		)	(129,471		)	(77,526		)
Net annuity transactions	35,079			(16,429		)	(15,388		)	36,823
Net increase (decrease) in net assets resulting from unit transactions	(2,066,485		)	(765,455		)	(716,415		)	(547,956		)
Net increase (decrease) in net assets	188,494			879,237			441,786			837,998

Net assets:
Beginning of period	9,488,547			6,752,146			5,001,617			4,794,952
End of period	$	9,677,041		$	7,631,383		$	5,443,403		$	5,632,950


The accompanying notes are an integral part of these financial statements.

(1) Formerly Catalyst Dividend Capture VA Fund. Change effective May 1, 2017.

(2) Formerly Catalyst Insider Buying VA Fund. Change effective May 1, 2017.

(3) Formerly BlackRock Large Cap Growth V.I. Fund. Change effective June 12, 2017.

(4) Formerly UIF Core Plus Fixed Income Portfolio. Change effective May 1, 2017.

(5) Formerly UIF Growth Portfolio. Change effective May 1, 2017.

(6) Formerly UIF Mid Cap Growth Portfolio. Change effective May 1, 2017.

(7) Liquidated as of September 29, 2017.

(8) Merged with Oppenheimer Equity Income Fund/VA . Change effective April 28, 2017.

(9) Merged with Oppenheimer Main Street Fund®/VA . Change effective April 28, 2017.

(10) Liquidated as of May 19, 2017.

(11) Liquidated as of November 10, 2017.

(12) Liquidated as of November 10, 2017.

(13) Liquidated as of November 10, 2017.

(14) Liquidated as of November 10, 2017.

(15) Liquidated as of November 10, 2017.

(16) Liquidated as of November 10, 2017.

(17) Liquidated as of November 10, 2017.

(18) Liquidated as of November 10, 2017.

(19) Liquidated as of November 10, 2017.

(20) Liquidated as of November 10, 2017.

(21) Liquidated as of November 10, 2017.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets
For the Periods Ended December 31, 2016

	American Century VP Value Fund			American Century VP Growth Fund			AB VPS Balanced Wealth Strategy Portfolio			AB VPS International Value Portfolio			AB VPS Small/Mid Cap Value Portfolio			AB VPS Value Portfolio			AB VPS International Growth Portfolio			Invesco V.I. Value Opportunities Fund			Invesco V.I. Core Equity Fund			Invesco V.I. Government Securities Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	18,003		$	(534	)	$	19,040		$	(28,486	)	$	(20,992	)	$	(30	)	$	(10,703	)	$	(222,692	)	$	(365,940	)	$	137,347
Net realized gain (loss) on security transactions	191,753			1,052			(60,925		)	(36,008		)	225			3,351			9,872			(711,655		)	1,281,982			(681,127		)
Net realized gain distributions	—			281			309,991			—			98,365			—			—			4,443,014			2,205,108			—
Change in unrealized appreciation (depreciation) during the period	163,998			2,473			(127,234		)	(68,351		)	284,741			18,012			(53,111		)	(1,268,918		)	(516,027		)	189,947
Net increase (decrease) in net assets resulting from operations	373,754			3,272			140,872			(132,845		)	362,339			21,333			(53,942		)	2,239,749			2,605,123			(353,833		)

Unit transactions:
Purchases	10,214			1,950			3,997			31,543			15,156			—			—			22,495			141,851			245,349
Net transfers	(423,916		)	(1,615		)	106,730			(33,468		)	325,217			(5,679		)	5,156			(146,717		)	(1,168,512		)	5,557,127
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(125,013		)	(2,553		)	(717,631		)	(891,227		)	(179,174		)	(15,666		)	(93,108		)	(1,703,834		)	(4,825,471		)	(15,736,552		)
Other transactions	—			—			—			(1		)	29			(1		)	—			218			(250		)	2,413
Death benefits	(26,134		)	—			(80,395		)	(76,435		)	(21,465		)	—			(1,607		)	(214,602		)	(793,898		)	(2,538,104		)
Net annuity transactions	—			—			—			(25,188		)	—			(6,484		)	—			26,060			27,105			159,067
Net increase (decrease) in net assets resulting from unit transactions	(564,849		)	(2,218		)	(687,299		)	(994,776		)	139,763			(27,830		)	(89,559		)	(2,016,380		)	(6,619,175		)	(12,310,700		)
Net increase (decrease) in net assets	(191,095		)	1,054			(546,427		)	(1,127,621		)	502,102			(6,497		)	(143,501		)	223,369			(4,014,052		)	(12,664,533		)

Net assets:
Beginning of period	2,124,718			80,675			4,904,242			5,971,620			1,563,766			247,525			685,378			16,023,213			35,916,480			107,843,967
End of period	$	1,933,623		$	81,729		$	4,357,815		$	4,843,999		$	2,065,868		$	241,028		$	541,877		$	16,246,582		$	31,902,428		$	95,179,434


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Invesco V.I. High Yield Fund			Invesco V.I. International Growth Fund			Invesco V.I. Mid Cap Core Equity Fund			Invesco V.I. Small Cap Equity Fund			Invesco V.I. Balanced Risk Allocation Fund			Invesco V.I. Diversified Dividend Fund			Invesco V.I. Government Money Market Fund			American Century VP Mid Cap Value Fund			American Funds Global Bond Fund			American Funds Global Growth and Income Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	9,260		$	(114,250	)	$	(596,504	)	$	(416,927	)	$	(27,415	)	$	(40	)	$	(902,742	)	$	1,171		$	(352,788	)	$	(3,022	)
Net realized gain (loss) on security transactions	(17,834		)	1,517,008			(89,579		)	35,369			(57,104		)	207			—			2,365			37,725			974,541
Net realized gain distributions	—			—			2,148,745			1,681,641			—			—			—			6,590			50,445			—
Change in unrealized appreciation (depreciation) during the period	55,083			(2,155,297		)	2,066,223			914,735			279,674			681			—			16,586			604,738			1,258,540
Net increase (decrease) in net assets resulting from operations	46,509			(752,539		)	3,528,885			2,214,818			195,155			848			(902,742		)	26,712			340,120			2,230,059

Unit transactions:
Purchases	—			107,405			311,131			44,258			15,803			—			907,320			108			87,280			147,177
Net transfers	3,038			85,044			(11,596		)	(196,721		)	105,200			—			37,195,573			(12,821		)	(239,927		)	(897,860		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(169,671		)	(5,429,275		)	(4,602,275		)	(3,308,178		)	(517,014		)	(503		)	(31,781,103		)	(2,089		)	(3,413,141		)	(5,589,635		)
Other transactions	(2		)	3,378			(513		)	(44		)	—			—			1,780			1			1,376			3,205
Death benefits	—			(671,829		)	(503,111		)	(452,154		)	(80,723		)	—			(2,502,242		)	—			(368,973		)	(664,130		)
Net annuity transactions	(459		)	164			(3,714		)	(11,020		)	—			—			39,915			—			4,299			78,067
Net increase (decrease) in net assets resulting from unit transactions	(167,094		)	(5,905,113		)	(4,810,078		)	(3,923,859		)	(476,734		)	(503		)	3,861,243			(14,801		)	(3,929,086		)	(6,923,176		)
Net increase (decrease) in net assets	(120,585		)	(6,657,652		)	(1,281,193		)	(1,709,041		)	(281,579		)	345			2,958,501			11,911			(3,588,966		)	(4,693,117		)

Net assets:
Beginning of period	700,922			40,865,876			34,142,445			25,063,705			2,128,861			7,294			53,237,584			128,925			28,150,075			45,245,756
End of period	$	580,337		$	34,208,224		$	32,861,252		$	23,354,664		$	1,847,282		$	7,639		$	56,196,085		$	140,836		$	24,561,109		$	40,552,639


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	American Funds Asset Allocation Fund			American Funds Blue Chip Income and Growth Fund			American Funds Bond Fund			American Funds Global Growth Fund			American Funds Growth Fund			American Funds Growth-Income Fund			American Funds International Fund			American Funds New World Fund			American Funds Global Small Capitalization Fund			Columbia Variable Portfolio - Small Company Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(418,570	)	$	115,166		$	(143,169	)	$	(440,435	)	$	(4,037,438	)	$	(1,316,892	)	$	(356,666	)	$	(324,815	)	$	(525,468	)	$	(91,122	)
Net realized gain (loss) on security transactions	6,167,284			3,023,646			(21,028		)	1,158,763			8,684,449			8,699,960			(212,475		)	295,707			571,436			67,892
Net realized gain distributions	3,732,613			6,499,276			465,674			4,022,154			34,390,998			38,029,453			6,933,381			—			6,232,672			840,565
Change in unrealized appreciation (depreciation) during the period	1,421,261			2,563,175			1,708,887			(5,660,040		)	(12,552,785		)	(14,775,239		)	(5,012,465		)	988,870			(6,335,431		)	(402,414		)
Net increase (decrease) in net assets resulting from operations	10,902,588			12,201,263			2,010,364			(919,558		)	26,485,224			30,637,282			1,351,775			959,762			(56,791		)	414,921

Unit transactions:
Purchases	682,137			206,217			437,251			123,748			1,556,679			963,610			190,568			195,625			174,864			2,506
Net transfers	2,379,739			5,686,986			1,760,221			(3,962,416		)	(10,385,731		)	(6,815,114		)	(769,566		)	(738,934		)	(974,709		)	(24,072		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(19,419,592		)	(9,790,842		)	(19,580,650		)	(5,579,611		)	(46,798,099		)	(45,017,583		)	(10,109,602		)	(3,797,125		)	(4,635,930		)	(394,518		)
Other transactions	2,511			5,830			27,039			(425		)	2,739			(1,709		)	(128		)	1,188			93			33
Death benefits	(3,775,215		)	(2,295,433		)	(3,382,500		)	(1,122,780		)	(8,371,267		)	(7,041,073		)	(1,790,932		)	(487,216		)	(581,902		)	(62,276		)
Net annuity transactions	30,909			(14,186		)	95,159			(55,779		)	984,233			641,018			114,022			122,869			(3,279		)	(6,581		)
Net increase (decrease) in net assets resulting from unit transactions	(20,099,511		)	(6,201,428		)	(20,643,480		)	(10,597,263		)	(63,011,446		)	(57,270,851		)	(12,365,638		)	(4,703,593		)	(6,020,863		)	(484,908		)
Net increase (decrease) in net assets	(9,196,923		)	5,999,835			(18,633,116		)	(11,516,821		)	(36,526,222		)	(26,633,569		)	(11,013,863		)	(3,743,831		)	(6,077,654		)	(69,987		)

Net assets:
Beginning of period	157,779,281			78,142,230			142,174,433			55,461,338			412,477,546			363,762,709			$	86,358,475		$	32,198,956		$	37,224,562		$	4,404,444
End of period	$	148,582,358		$	84,142,065		$	123,541,317		$	43,944,517		$	375,951,324		$	337,129,140		$	75,344,612		$	28,455,125		$	31,146,908		$	4,334,457


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Wells Fargo VT Omega Growth Fund			Fidelity® VIP Growth Portfolio			Fidelity® VIP Contrafund® Portfolio			Fidelity® VIP Mid Cap Portfolio			Fidelity® VIP Value Strategies Portfolio			Fidelity® VIP Dynamic Capital Appreciation Portfolio			Fidelity® VIP Strategic Income Portfolio			Franklin Rising Dividends VIP Fund			Franklin Income VIP Fund			Franklin Large Cap Growth VIP Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(12,827	)	$	(26,331	)	$	(157,309	)	$	(172,152	)	$	(5,601	)	$	(4,316	)	$	3,024		$	(599,898	)	$	11,838,674		$	(437,127	)
Net realized gain (loss) on security transactions	(31,355		)	400			1,055,805			308,385			51,772			(17		)	(2,739		)	6,097,992			(2,806,671		)	7,433
Net realized gain distributions	40,421			179,290			1,475,838			898,216			—			14,187			—			19,762,430			—			377,024
Change in unrealized appreciation (depreciation) during the period	(9,082		)	(166,521		)	(1,455,818		)	208,814			(7,945		)	(10,633		)	7,049			(3,749,728		)	32,267,885			(1,068,296		)
Net increase (decrease) in net assets resulting from operations	(12,843		)	(13,162		)	918,516			1,243,263			38,226			(779		)	7,334			21,510,796			41,299,888			(1,120,966		)

Unit transactions:
Purchases	—			—			109,113			43,660			650			40			—			378,324			1,333,556			60,055
Net transfers	(21,846		)	108,175			(733,767		)	(168,874		)	(62,781		)	20,709			54			1,389,048			(7,595,686		)	(1,732,808		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(82,998		)	(143,477		)	(2,983,398		)	(2,156,549		)	(45,486		)	(76,396		)	(4,965		)	(21,727,930		)	(52,392,302		)	(3,140,483		)
Other transactions	1			(3		)	(1		)	(21		)	—			—			—			3,462			8,986			1,745
Death benefits	(90,141		)	(697		)	(277,234		)	(157,646		)	(6,252		)	—			(18,661		)	(3,216,967		)	(9,042,444		)	(413,659		)
Net annuity transactions	—			(20,244		)	(26,265		)	(919		)	—			4,907			—			421,594			757,545			20,138
Net increase (decrease) in net assets resulting from unit transactions	(194,984		)	(56,246		)	(3,911,552		)	(2,440,349		)	(113,869		)	(50,740		)	(23,572		)	(22,752,469		)	(66,930,345		)	(5,205,012		)
Net increase (decrease) in net assets	(207,827		)	(69,408		)	(2,993,036		)	(1,197,086		)	(75,643		)	(51,519		)	(16,238		)	(1,241,673		)	(25,630,457		)	(6,325,978		)

Net assets:
Beginning of period	866,603			1,819,855			18,538,795			14,496,070			657,526			388,822			126,048			164,590,602			388,173,394			27,760,346
End of period	$	658,776		$	1,750,447		$	15,545,759		$	13,298,984		$	581,883		$	337,303		$	109,810		$	163,348,929		$	362,542,937		$	21,434,368


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Franklin Global Real Estate VIP Fund			Franklin Small-Mid Cap Growth VIP Fund			Franklin Small Cap Value VIP Fund			Franklin Strategic Income VIP Fund			Franklin Mutual Shares VIP Fund			Templeton Developing Markets VIP Fund			Templeton Foreign VIP Fund			Templeton Growth VIP Fund			Franklin Mutual Global Discovery VIP Fund			Franklin Flex Cap Growth VIP Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(2,985	)	$	(884,975	)	$	(121,582	)	$	2,031,619		$	442,453		$	(125,035	)	$	139,297		$	328,482		$	(113,483	)	$	(205,802	)
Net realized gain (loss) on security transactions	1			(2,190,424		)	(75,812		)	(3,359,683		)	6,584,539			(1,512,390		)	(1,295,756		)	1,400,287			(236,719		)	(1,531,127		)
Net realized gain distributions	—			5,631,113			1,878,614			—			16,757,570			—			1,181,917			4,456,548			4,747,795			1,612,358
Change in unrealized appreciation (depreciation) during the period	(8,370		)	(1,606,732		)	1,381,067			8,325,389			3,127,602			3,722,248			3,366,852			1,740,379			1,341,796			(527,234		)
Net increase (decrease) in net assets resulting from operations	(11,354		)	948,982			3,062,287			6,997,325			26,912,164			2,084,823			3,392,310			7,925,696			5,739,389			(651,805		)

Unit transactions:
Purchases	46,004			140,353			40,702			471,716			830,876			46,249			212,222			420,024			221,841			37,448
Net transfers	58,763			(1,185,775		)	1,833,334			(1,616,957		)	(6,796,358		)	168,396			409,048			(1,981,961		)	(1,831,548		)	(875,668		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(37,299		)	(5,560,838		)	(1,899,395		)	(17,744,419		)	(28,767,613		)	(2,163,473		)	(8,892,563		)	(16,260,866		)	(8,013,444		)	(1,169,485		)
Other transactions	156			397			62			(295		)	8,387			52			(384		)	2,543			25,039			—
Death benefits	(45,735		)	(695,880		)	(213,253		)	(2,433,620		)	(4,708,712		)	(132,262		)	(1,375,147		)	(2,529,811		)	(961,068		)	(160,999		)
Net annuity transactions	(12,707		)	65,308			443			(95,145		)	60,236			7,579			93,137			(12,503		)	19,295			1,165
Net increase (decrease) in net assets resulting from unit transactions	9,182			(7,236,435		)	(238,107		)	(21,418,720		)	(39,373,184		)	(2,073,459		)	(9,553,687		)	(20,362,574		)	(10,539,885		)	(2,167,539		)
Net increase (decrease) in net assets	(2,172		)	(6,287,453		)	2,824,180			(14,421,395		)	(12,461,020		)	11,364			(6,161,377		)	(12,436,878		)	(4,800,496		)	(2,819,344		)

Net assets:
Beginning of period	857,471			52,059,671			11,919,792			122,914,593			219,877,316			14,902,292			71,098,235			123,367,075			66,618,842			12,899,308
End of period	$	855,299		$	45,772,218		$	14,743,972		$	108,493,198		$	207,416,296		$	14,913,656		$	64,936,858		$	110,930,197		$	61,818,346		$	10,079,964


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Templeton Global Bond VIP Fund			Hartford Balanced HLS Fund			Hartford Total Return Bond HLS Fund			Hartford Capital Appreciation HLS Fund			Hartford Dividend and Growth HLS Fund			Hartford Healthcare HLS Fund			Hartford Global Growth HLS Fund			Hartford Disciplined Equity HLS Fund			Hartford Growth Opportunities HLS Fund			Hartford High Yield HLS Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(209,114	)	$	85,403		$	1,045,008		$	(608,205	)	$	311,735		$	2,526		$	(11,617	)	$	(75,405	)	$	(286,097	)	$	325,807
Net realized gain (loss) on security transactions	(360,076		)	593,489			313,971			923,403			1,709,473			8,463			7,199			304,776			808,126			(147,656		)
Net realized gain distributions	11,290			—			451,606			10,740,554			9,435,755			27,215			96,149			1,446,014			3,519,439			—
Change in unrealized appreciation (depreciation) during the period	691,298			(116,267		)	1,640,735			(7,104,311		)	(1,232,989		)	(54,355		)	(93,280		)	(1,227,725		)	(4,730,050		)	684,523
Net increase (decrease) in net assets resulting from operations	133,398			562,625			3,451,320			3,951,441			10,223,974			(16,151		)	(1,549		)	447,660			(688,582		)	862,674

Unit transactions:
Purchases	42,435			4,397			804,972			791,552			650,266			—			1,300			102,175			120,415			71,511
Net transfers	228,776			519,280			628,215			(727,906		)	(1,290,477		)	(9,728		)	(70,680		)	277,173			(1,622,443		)	(154,874		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(1,751,102		)	(2,479,880		)	(15,598,145		)	(14,560,331		)	(10,772,766		)	(33,811		)	(46,409		)	(1,717,787		)	(3,556,726		)	(755,613		)
Other transactions	(2		)	9			(772		)	(1,009		)	(30		)	1			(1		)	9			15			(1		)
Death benefits	(231,765		)	(146,278		)	(3,059,927		)	(2,185,016		)	(1,647,825		)	—			—			(109,118		)	(431,974		)	(214,609		)
Net annuity transactions	(3,357		)	(674		)	(63,698		)	45,004			(69,635		)	—			(12,969		)	(55,259		)	(10,071		)	(3,380		)
Net increase (decrease) in net assets resulting from unit transactions	(1,715,015		)	(2,103,146		)	(17,289,355		)	(16,637,706		)	(13,130,467		)	(43,538		)	(128,759		)	(1,502,807		)	(5,500,784		)	(1,056,966		)
Net increase (decrease) in net assets	(1,581,617		)	(1,540,521		)	(13,838,035		)	(12,686,265		)	(2,906,493		)	(59,689		)	(130,308		)	(1,055,147		)	(6,189,366		)	(194,292		)

Net assets:
Beginning of period	14,919,710			14,355,475			125,304,643			122,216,277			87,476,243			157,225			1,034,183			12,535,282			29,530,340			7,448,045
End of period	$	13,338,093		$	12,814,954		$	111,466,608		$	109,530,012		$	84,569,750		$	97,536		$	903,875		$	11,480,135		$	23,340,974		$	7,253,753


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Hartford International Opportunities HLS Fund			Hartford Small/Mid Cap Equity HLS Fund			Hartford MidCap HLS Fund			Hartford MidCap Value HLS Fund			Hartford Ultrashort Bond HLS Fund			Hartford Small Company HLS Fund			Hartford SmallCap Growth HLS Fund			Hartford Stock HLS Fund			Hartford U.S. Government Securities HLS Fund			Hartford Value HLS Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(3,819	)	$	(7,123	)	$	(11,233	)	$	(7,361	)	$	(836,977	)	$	(53,438	)	$	(14,821	)	$	(28,354	)	$	18,739		$	3,266
Net realized gain (loss) on security transactions	159,666			(83,064		)	46,200			(8,211		)	27,929			(154,206		)	(14,758		)	324,503			(12,715		)	62,787
Net realized gain distributions	—			96,634			91,642			55,173			—			287,280			45,606			—			—			166,115
Change in unrealized appreciation (depreciation) during the period	(188,355		)	179,519			(52,268		)	(7,421		)	289,186			(99,034		)	92,106			39,762			(8,374		)	(85,053		)
Net increase (decrease) in net assets resulting from operations	(32,508		)	185,966			74,341			32,180			(519,862		)	(19,398		)	108,133			335,911			(2,350		)	147,115

Unit transactions:
Purchases	35,216			1,370			—			—			169,685			3,198			120			2,467			28,892			2,606
Net transfers	136,884			116,862			(194,100		)	(31,402		)	2,539,729			(29,459		)	220,184			235,003			1,536,266			4,638
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(910,684		)	(273,566		)	(63,484		)	(55,664		)	(10,005,217		)	(368,418		)	(74,410		)	(834,587		)	(1,717,960		)	(174,267		)
Other transactions	(6		)	2			—			—			(230		)	(4		)	1			47			—			—
Death benefits	(77,292		)	(6,144		)	(1,080		)	—			(1,178,274		)	(39,518		)	(7,914		)	(226,049		)	(68,525		)	(7,893		)
Net annuity transactions	(23,929		)	—			(5,467		)	—			(99,376		)	1,748			—			(16,609		)	—			(772		)
Net increase (decrease) in net assets resulting from unit transactions	(839,811		)	(161,476		)	(264,131		)	(87,066		)	(8,573,683		)	(432,453		)	137,981			(839,728		)	(221,327		)	(175,688		)
Net increase (decrease) in net assets	(872,319		)	24,490			(189,790		)	(54,886		)	(9,093,545		)	(451,851		)	246,114			(503,817		)	(223,677		)	(28,573		)

Net assets:
Beginning of period	7,595,342			1,650,963			898,288			471,761			66,818,100			3,177,827			914,747			7,138,262			4,931,918			1,410,659
End of period	$	6,723,023		$	1,675,453		$	708,498		$	416,875		$	57,724,555		$	2,725,976		$	1,160,861		$	6,634,445		$	4,708,241		$	1,382,086


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Catalyst Dividend Capture VA Fund			Catalyst Insider Buying VA Fund			Lord Abbett Fundamental Equity Fund			Lord Abbett Calibrated Dividend Growth Fund			Lord Abbett Bond Debenture Fund			Lord Abbett Growth and Income Fund			MFS® Growth Fund			MFS® Global Equity Fund			MFS® Investors Trust Fund			MFS® Mid Cap Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	135,752		$	(38,043	)	$	5,494		$	(1,963	)	$	264,730		$	(3,873	)	$	(488,975	)	$	(44,183	)	$	(486,242	)	$	(310,844	)
Net realized gain (loss) on security transactions	23,709			(192,305		)	(14,615		)	21,530			86,276			159,600			1,376,681			220,614			1,996,576			427,479
Net realized gain distributions	—			1,079,874			26,690			204,430			—			22,838			1,714,027			253,142			5,440,422			1,185,994
Change in unrealized appreciation (depreciation) during the period	85,352			(545,522		)	193,398			214,050			584,906			67,387			(2,441,354		)	(174,346		)	(3,868,408		)	(959,147		)
Net increase (decrease) in net assets resulting from operations	244,813			304,004			210,967			438,047			935,912			245,952			160,379			255,227			3,082,348			343,482

Unit transactions:
Purchases	9,856			6,387			189			5,609			99,759			175			36,167			11,929			147,799			48,842
Net transfers	(138,503		)	(193,521		)	(130,694		)	325,570			(142,004		)	38,246			327,398			164,074			(905,970		)	(3,579,020		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(666,223		)	(627,492		)	(197,983		)	(984,370		)	(1,531,598		)	(302,228		)	(3,963,099		)	(682,054		)	(6,502,837		)	(2,010,104		)
Other transactions	—			30			(2		)	1			(1		)	—			687			—			(5,362		)	258
Death benefits	(69,588		)	(102,420		)	(14,911		)	(21,814		)	(242,907		)	(70,457		)	(460,582		)	(77,390		)	(1,137,300		)	(289,837		)
Net annuity transactions	2,542			1,856			—			—			(1,732		)	—			(5,188		)	(28,528		)	79,622			(3,511		)
Net increase (decrease) in net assets resulting from unit transactions	(861,916		)	(915,160		)	(343,401		)	(675,004		)	(1,818,483		)	(334,264		)	(4,064,617		)	(611,969		)	(8,324,048		)	(5,833,372		)
Net increase (decrease) in net assets	(617,103		)	(611,156		)	(132,434		)	(236,957		)	(882,571		)	(88,312		)	(3,904,238		)	(356,742		)	(5,241,700		)	(5,489,890		)

Net assets:
Beginning of period	4,608,990			4,353,545			1,564,491			3,520,410			10,198,325			1,843,008			30,701,151			5,128,324			54,485,307			19,659,627
End of period	$	3,991,887		$	3,742,389		$	1,432,057		$	3,283,453		$	9,315,754		$	1,754,696		$	26,796,913		$	4,771,582		$	49,243,607		$	14,169,737


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	MFS® New Discovery Fund			MFS® Total Return Fund			MFS® Value Fund			MFS® Total Return Bond Series			MFS® Research Fund			MFS® High Yield Portfolio			BlackRock Global Allocation V.I. Fund			BlackRock Global Opportunities V.I. Fund			BlackRock Large Cap Growth V.I. Fund			BlackRock Equity Dividend V.I. Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(551,772	)	$	1,739,704		$	212,544		$	1,450,904		$	(39,413	)	$	1,544,137		$	998		$	(109	)	$	(6,365	)	$	5,990
Net realized gain (loss) on security transactions	(126,439		)	3,778,870			3,526,224			817,836			97,418			(837,579		)	(16,281		)	(80		)	19,219			16,632
Net realized gain distributions	1,356,031			5,221,271			5,121,891			—			360,431			—			—			59			37,161			20,499
Change in unrealized appreciation (depreciation) during the period	1,322,210			472,886			(1,669,725		)	(65,868		)	(189,375		)	2,702,762			18,497			529			(26,011		)	59,684
Net increase (decrease) in net assets resulting from operations	2,000,030			11,212,731			7,190,934			2,202,872			229,061			3,409,320			3,214			399			24,004			102,805

Unit transactions:
Purchases	69,609			660,924			239,818			173,046			1,593			127,871			—			—			—			4,009
Net transfers	(686,792		)	358,017			(1,165,276		)	3,180,076			(104,329		)	879,441			2,355			—			1,720			(82,459		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(3,899,126		)	(22,300,395		)	(8,749,185		)	(11,619,807		)	(351,894		)	(4,785,756		)	(12,631		)	(2,448		)	(20,776		)	(55,004		)
Other transactions	(3,495		)	(343		)	(1,489		)	(233		)	(13		)	276			—			—			—			1
Death benefits	(391,195		)	(3,553,905		)	(1,351,291		)	(2,010,208		)	(94,708		)	(855,385		)	(62,863		)	—			(7,078		)	(24,408		)
Net annuity transactions	15,678			366,388			102,234			(1,144		)	(8,249		)	16,545			—			—			—			—
Net increase (decrease) in net assets resulting from unit transactions	(4,895,321		)	(24,469,314		)	(10,925,189		)	(10,278,270		)	(557,600		)	(4,617,008		)	(73,139		)	(2,448		)	(26,134		)	(157,861		)
Net increase (decrease) in net assets	(2,895,291		)	(13,256,583		)	(3,734,255		)	(8,075,398		)	(328,539		)	(1,207,688		)	(69,925		)	(2,049		)	(2,130		)	(55,056		)

Net assets:
Beginning of period	32,932,634			168,891,338			66,887,253			86,674,926			3,977,640			31,860,609			270,210			38,427			445,990			760,676
End of period	$	30,037,343		$	155,634,755		$	63,152,998		$	78,599,528		$	3,649,101		$	30,652,921		$	200,285		$	36,378		$	443,860		$	705,620


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	UIF Core Plus Fixed Income Portfolio			UIF Growth Portfolio			UIF Mid Cap Growth Portfolio			Invesco V.I. American Value Fund			Morgan Stanley Mid Cap Growth Portfolio			BlackRock Capital Appreciation V.I. Fund			Columbia Variable Portfolio - Asset Allocation Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(13	)	$	(4,755	)	$	(22,862	)	$	(11,056	)	$	(1,827	)	$	(4,294	)	$	4,702
Net realized gain (loss) on security transactions	53			(125		)	(64,216		)	7,566			(2,848		)	(5,408		)	(71,738		)
Net realized gain distributions	—			42,447			71,910			48,930			5,360			16,085			25,647
Change in unrealized appreciation (depreciation) during the period	1,686			(46,491		)	(144,356		)	57,282			(13,664		)	(9,748		)	101,873
Net increase (decrease) in net assets resulting from operations	1,726			(8,924		)	(159,524		)	102,722			(12,979		)	(3,365		)	60,484

Unit transactions:
Purchases	—			10,500			3,367			691			21,000			—			—
Net transfers	—			(5,224		)	(19,854		)	188,763			380			(3,250		)	(130,340		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(715		)	(10,823		)	(175,534		)	(50,219		)	(10,037		)	(50,295		)	(307,826		)
Other transactions	—			(2		)	—			(1		)	1			—			6
Death benefits	—			—			(22,531		)	(13,539		)	—			(7,739		)	(377,178		)
Net annuity transactions	—			—			—			—			—			—			(1,163		)
Net increase (decrease) in net assets resulting from unit transactions	(715		)	(5,549		)	(214,552		)	125,695			11,344			(61,284		)	(816,501		)
Net increase (decrease) in net assets	1,011			(14,473		)	(374,076		)	228,417			(1,635		)	(64,649		)	(756,017		)

Net assets:
Beginning of period	42,783			262,035			1,673,534			721,691			128,306			624,328			2,685,616
End of period	$	43,794		$	247,562		$	1,299,458		$	950,108		$	126,671		$	559,679		$	1,929,599


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Columbia Variable Portfolio - Dividend Opportunity Fund			Columbia Variable Portfolio - Income Opportunities Fund			Columbia Variable Portfolio - Mid Cap Growth Fund			Oppenheimer Capital Appreciation Fund/VA			Oppenheimer Global Fund/VA			Oppenheimer Main Street Fund®/VA			Oppenheimer Main Street Small Cap Fund/VA			Oppenheimer Equity Income Fund/VA			Putnam VT Diversified Income Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(164,515	)	$	526,651		$	(152,948	)	$	(10,959	)	$	(39,334	)	$	(4,228	)	$	(58,103	)	$	9,735		$	759,401
Net realized gain (loss) on security transactions	433,414			(190,622		)	311,084			4,811			254,674			27,907			170,737			215			(516,691		)
Net realized gain distributions	—			272,721			—			83,311			333,431			64,334			167,899			—			—
Change in unrealized appreciation (depreciation) during the period	550,766			(114,443		)	(183,710		)	(114,647		)	(696,118		)	(39,483		)	338,093			22,155			177,118
Net increase (decrease) in net assets resulting from operations	819,665			494,307			(25,574		)	(37,484		)	(147,347		)	48,530			618,626			32,105			419,828

Unit transactions:
Purchases	15,291			3,595			652			365			1,883			1,973			21,543			—			74,443
Net transfers	(339,499		)	86,893			(62,909		)	(23,265		)	(64,284		)	616,028			(82,980		)	1,640			(140,326		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(663,653		)	(572,430		)	(830,276		)	(291,624		)	(1,028,956		)	(76,574		)	(651,965		)	(16,455		)	(2,148,999		)
Other transactions	40			4			58			(2		)	—			(2		)	—			1			—
Death benefits	(112,779		)	(183,383		)	(129,417		)	—			(12,933		)	(8,466		)	(56,929		)	—			(211,006		)
Net annuity transactions	(8,287		)	31,392			(9,023		)	(29,390		)	—			—			—			(7,826		)	—
Net increase (decrease) in net assets resulting from unit transactions	(1,108,887		)	(633,929		)	(1,030,915		)	(343,916		)	(1,104,290		)	532,959			(770,331		)	(22,640		)	(2,425,888		)
Net increase (decrease) in net assets	(289,222		)	(139,622		)	(1,056,489		)	(381,400		)	(1,251,637		)	581,489			(151,705		)	9,465			(2,006,060		)

Net assets:
Beginning of period	7,817,514			6,144,082			7,843,268			925,014			5,721,917			544,744			4,687,398			274,799			14,450,912
End of period	$	7,528,292		$	6,004,460		$	6,786,779		$	543,614		$	4,470,280		$	1,126,233		$	4,535,693		$	284,264		$	12,444,852


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Putnam VT Global Asset Allocation Fund			Putnam VT Growth Opportunities Fund			Putnam VT International Value Fund			Putnam VT International Equity Fund			Putnam VT Small Cap Value Fund			JPMorgan Insurance Trust Core Bond Portfolio			JPMorgan Insurance Trust U.S. Equity Portfolio			JPMorgan Insurance Trust Intrepid Mid Cap Portfolio			JPMorgan Insurance Trust Mid Cap Value Portfolio
	Sub-Account			Sub-Account (1)			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	907		$	(1,542	)	$	1,316		$	6,158		$	(940	)	$	455,298		$	(28,438	)	$	(51,957	)	$	(29,069	)
Net realized gain (loss) on security transactions	(1,212		)	975			(1,690		)	11,729			(4,051		)	46,681			293,875			(39,240		)	(141,291		)
Net realized gain distributions	54,695			—			—			—			16,734			—			174,272			612,687			200,165
Change in unrealized appreciation (depreciation) during the period	(15,260		)	14,074			(3,239		)	(37,838		)	27,064			(165,682		)	(32,011		)	27,298			427,457
Net increase (decrease) in net assets resulting from operations	39,130			13,507			(3,613		)	(19,951		)	38,807			336,297			407,698			548,788			457,262

Unit transactions:
Purchases	—			—			—			120			325			83,515			4,055			1,617			3,741
Net transfers	219,853			(62,720		)	(2,834		)	(29,086		)	93,188			339,553			(221,789		)	(238,613		)	34,974
Net interfund transfers due to corporate actions	—			1,999,967			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(195,321		)	(11,518		)	(46,387		)	(97,843		)	(19,357		)	(6,016,977		)	(658,419		)	(673,397		)	(644,870		)
Other transactions	12			—			1			—			—			3,345			(26		)	6			(14		)
Death benefits	—			—			(12,504		)	—			—			(792,739		)	(66,419		)	(112,366		)	(133,752		)
Net annuity transactions	—			—			(1,451		)	—			—			60,290			8,324			10,792			20,776
Net increase (decrease) in net assets resulting from unit transactions	24,544			1,925,729			(63,175		)	(126,809		)	74,156			(6,323,013		)	(934,274		)	(1,011,961		)	(719,145		)
Net increase (decrease) in net assets	63,674			1,939,236			(66,788		)	(146,760		)	112,963			(5,986,716		)	(526,576		)	(463,173		)	(261,883		)

Net assets:
Beginning of period	631,283			—			181,713			441,289			163,592			41,578,351			5,467,830			6,192,871			4,053,803
End of period	$	694,957		$	1,939,236		$	114,925		$	294,529		$	276,555		$	35,591,635		$	4,941,254		$	5,729,698		$	3,791,920


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Putnam VT Equity Income Fund			PIMCO All Asset Fund			PIMCO StocksPLUS Global Portfolio			PIMCO Global Multi-Asset Managed Allocation Portfolio			Jennison 20/20 Focus Fund			Jennison Fund			Prudential Value Portfolio			Prudential SP International Growth Portfolio			ClearBridge Variable Dividend Strategy Portfolio			Western Asset Variable Global High Yield Bond Portfolio
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	1,401		$	2,385		$	19,496		$	66		$	(1,066	)	$	(2,432	)	$	(642	)	$	(214	)	$	(17	)	$	1,444
Net realized gain (loss) on security transactions	(2,684		)	(730		)	(19,883		)	(260		)	16,144			4,968			902			32			603			(2,246		)
Net realized gain distributions	2,089			—			77,978			—			—			—			—			—			—			—
Change in unrealized appreciation (depreciation) during the period	10,625			13,419			(45,393		)	360			(16,819		)	(7,724		)	3,453			(585		)	2,431			6,817
Net increase (decrease) in net assets resulting from operations	11,431			15,074			32,198			166			(1,741		)	(5,188		)	3,713			(767		)	3,017			6,015

Unit transactions:
Purchases	—			5,922			—			—			—			—			—			—			—			—
Net transfers	1,982			(52		)	(33,217		)	39			—			178			—			—			(4,968		)	644
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(7,420		)	(3,924		)	(41,838		)	(2,769		)	(5,453		)	(1,710		)	(3,225		)	(352		)	(854		)	(15,746		)
Other transactions	1			—			378			—			79			2			(3		)	—			—			—
Death benefits	(46,932		)	(8,177		)	(6,906		)	—			(15,130		)	(8,854		)	—			—			(493		)	—
Net annuity transactions	—			—			—			—			(8,829		)	(6,197		)	—			—			—			—
Net increase (decrease) in net assets resulting from unit transactions	(52,369		)	(6,231		)	(81,583		)	(2,730		)	(29,333		)	(16,581		)	(3,228		)	(352		)	(6,315		)	(15,102		)
Net increase (decrease) in net assets	(40,938		)	8,843			(49,385		)	(2,564		)	(31,074		)	(21,769		)	485			(1,119		)	(3,298		)	(9,087		)

Net assets:
Beginning of period	174,014			125,613			487,826			10,755			85,344			155,175			44,106			13,515			24,578			43,110
End of period	$	133,076		$	134,456		$	438,441		$	8,191		$	54,270		$	133,406		$	44,591		$	12,396		$	21,280		$	34,023


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	ClearBridge Variable Large Cap Value Portfolio			Invesco V.I. Growth and Income Fund			Invesco V.I. Comstock Fund			Invesco V.I. American Franchise Fund			Invesco V.I. Mid Cap Growth Fund			Wells Fargo VT Index Asset Allocation Fund			Wells Fargo VT International Equity Fund			Wells Fargo VT Small Cap Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	179		$	(7,574	)	$	(1,820	)	$	(307,522	)	$	(54,718	)	$	(238	)	$	13,392		$	(15,683	)
Net realized gain (loss) on security transactions	(1,057		)	9,387			8,465			895,058			(20,695		)	524			(31,707		)	(5,687		)
Net realized gain distributions	13,174			125,658			15,756			1,423,482			297,873			693			70,043			90,790
Change in unrealized appreciation (depreciation) during the period	60,631			95,202			5,320			(2,040,298		)	(269,372		)	410			(46,207		)	(18,010		)
Net increase (decrease) in net assets resulting from operations	72,927			222,673			27,721			(29,280		)	(46,912		)	1,389			5,521			51,410

Unit transactions:
Purchases	—			100			—			52,886			926			120			1,872			544
Net transfers	(4,995		)	33,657			192			(498,354		)	(247,342		)	—			(9,275		)	(97,590		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(88,813		)	(114,792		)	(43,719		)	(2,050,317		)	(401,966		)	(1,396		)	(165,764		)	(139,323		)
Other transactions	1			2			—			113			1			—			—			—
Death benefits	—			—			—			(246,901		)	(91,028		)	—			(671		)	(14,899		)
Net annuity transactions	(5,103		)	—			—			55,028			(6,512		)	—			—			—
Net increase (decrease) in net assets resulting from unit transactions	(98,910		)	(81,033		)	(43,527		)	(2,687,545		)	(745,921		)	(1,276		)	(173,838		)	(251,268		)
Net increase (decrease) in net assets	(25,983		)	141,640			(15,806		)	(2,716,825		)	(792,833		)	113			(168,317		)	(199,858		)

Net assets:
Beginning of period	688,569			1,353,083			234,196			18,063,322			3,480,279			25,491			1,052,786			1,040,984
End of period	$	662,586		$	1,494,723		$	218,390		$	15,346,497		$	2,687,446		$	25,604		$	884,469		$	841,126


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	Wells Fargo VT Discovery Fund			Wells Fargo VT Opportunity Fund			HIMCO VIT Index Fund			HIMCO VIT Portfolio Diversifier Fund			HIMCO VIT American Funds Asset Allocation Fund			HIMCO VIT American Funds Blue Chip Income and Growth Fund			HIMCO VIT American Funds Bond Fund			HIMCO VIT American Funds Global Bond Fund			HIMCO VIT American Funds Global Growth and Income Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account

Operations:
Net investment income (loss)	$	(92	)	$	51,202		$	48,631		$	(276,578	)	$	70,563		$	40,386		$	441,086		$	(1,638	)	$	19,060
Net realized gain (loss) on security transactions	11			427,693			328,585			(463,365		)	80			(29,131		)	(1,781		)	(24,672		)	(75,960		)
Net realized gain distributions	511			704,472			326,223			—			1,787,798			1,216,277			220,144			—			1,071,824
Change in unrealized appreciation (depreciation) during the period	(13		)	(481,440		)	(183,851		)	(1,081,971		)	(1,067,284		)	(369,456		)	(346,086		)	41,415			(622,517		)
Net increase (decrease) in net assets resulting from operations	417			701,927			519,588			(1,821,914		)	791,157			858,076			313,363			15,105			392,407

Unit transactions:
Purchases	—			24,215			—			108,557			32,475			6,020			302,945			36,319			3,153
Net transfers	—			(575,378		)	(39,766		)	2,689,767			888,655			510,654			(11,073		)	190,253			(13,639		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—
Surrenders for benefit payments and fees	(46		)	(841,985		)	(3,219,995		)	(6,244,162		)	(2,591,363		)	(921,190		)	(3,231,569		)	(285,068		)	(1,295,546		)
Other transactions	—			35			3			15			1			(1		)	99			(1		)	(1		)
Death benefits	—			(172,224		)	(144,400		)	(382,674		)	(47,765		)	(77,831		)	(311,416		)	(99,245		)	(82,511		)
Net annuity transactions	—			—			—			—			(14,550		)	(22,212		)	(10,016		)	(5,459		)	(22,613		)
Net increase (decrease) in net assets resulting from unit transactions	(46		)	(1,565,337		)	(3,404,158		)	(3,828,497		)	(1,732,547		)	(504,560		)	(3,261,030		)	(163,201		)	(1,411,157		)
Net increase (decrease) in net assets	371			(863,410		)	(2,884,570		)	(5,650,411		)	(941,390		)	353,516			(2,947,667		)	(148,096		)	(1,018,750		)

Net assets:
Beginning of period	6,936			7,798,176			7,346,949			40,909,430			11,936,057			5,481,238			25,074,597			2,195,411			8,902,134
End of period	$	7,307		$	6,934,766		$	4,462,379		$	35,259,019		$	10,994,667		$	5,834,754		$	22,126,930		$	2,047,315		$	7,883,384


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (continued)
For the Periods Ended December 31, 2016

	HIMCO VIT American Funds Global Growth Fund			HIMCO VIT American Funds Global Small Capitalization Fund			HIMCO VIT American Funds Growth Fund			HIMCO VIT American Funds Growth-Income Fund			HIMCO VIT American Funds International Fund			HIMCO VIT American Funds New World Fund			MFS® Core Equity Portfolio			MFS® Massachusetts Investors Growth Stock Portfolio			MFS® Research International Portfolio			Columbia Variable Portfolio - Large Cap Growth Fund
	Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account			Sub-Account (2)

Operations:
Net investment income (loss)	$	5,586		$	(85,863	)	$	(570,599	)	$	11,984		$	(44,402	)	$	11,247		$	(51,097	)	$	(84,974	)	$	(16,369	)	$	(98,147	)
Net realized gain (loss) on security transactions	5,567			(86,472		)	(355,997		)	(161,943		)	(575,620		)	(85,291		)	(101,967		)	(153,809		)	(354,794		)	24,655
Net realized gain distributions	427,812			1,367,791			18,559,062			7,135,206			3,074,935			165,950			375,955			826,351			—			—
Change in unrealized appreciation (depreciation) during the period	(471,937		)	(1,191,376		)	(14,366,804		)	(4,751,444		)	(1,926,921		)	28,800			185,976			(317,449		)	100,417			360,615
Net increase (decrease) in net assets resulting from operations	(32,972		)	4,080			3,265,662			2,233,803			527,992			120,706			408,867			270,119			(270,746		)	287,123

Unit transactions:
Purchases	1,190			22,750			180,580			101,221			138,087			2,013			1,176			18,014			7,761			1,336
Net transfers	156,459			(38,532		)	(2,708,383		)	(713,011		)	(461,499		)	(274,926		)	(35,498		)	63,518			154,035			(162,267		)
Net interfund transfers due to corporate actions	—			—			—			—			—			—			—			—			—			6,889,291
Surrenders for benefit payments and fees	(170,189		)	(967,532		)	(6,995,687		)	(3,543,094		)	(3,814,358		)	(430,405		)	(416,237		)	(520,957		)	(1,548,733		)	(345,017		)
Other transactions	—			(44		)	(188		)	(110		)	(1		)	—			82			31			346			—
Death benefits	(45,856		)	(39,670		)	(692,543		)	(465,545		)	(544,955		)	(45,928		)	(128,032		)	(156,194		)	(221,208		)	(7,707		)
Net annuity transactions	(684		)	(2,011		)	(38,119		)	(74,973		)	(3,845		)	(6,020		)	(22,484		)	(14,756		)	(8,925		)	89,387
Net increase (decrease) in net assets resulting from unit transactions	(59,080		)	(1,025,039		)	(10,254,340		)	(4,695,512		)	(4,686,571		)	(755,266		)	(600,993		)	(610,344		)	(1,616,724		)	6,465,023
Net increase (decrease) in net assets	(92,052		)	(1,020,959		)	(6,988,678		)	(2,461,709		)	(4,158,579		)	(634,560		)	(192,126		)	(340,225		)	(1,887,470		)	6,752,146

Net assets:
Beginning of period	2,564,372			7,747,579			52,215,077			27,011,054			30,118,413			4,589,521			4,844,572			6,798,502			11,376,017			—
End of period	$	2,472,320		$	6,726,620		$	45,226,399		$	24,549,345		$	25,959,834		$	3,954,961		$	4,652,446		$	6,458,277		$	9,488,547		$	6,752,146


The accompanying notes are an integral part of these financial statements.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Statements of Changes in Net Assets (concluded)
For the Periods Ended December 31, 2016

	Columbia Variable Portfolio - Select International Equity Fund			Variable Portfolio - Loomis Sayles Growth Fund
	Sub-Account (2)			Sub-Account (2)

Operations:
Net investment income (loss)	$	(18,784	)	$	(71,745	)
Net realized gain (loss) on security transactions	(23,386		)	31,227
Net realized gain distributions	—			—
Change in unrealized appreciation (depreciation) during the period	(145,059		)	244,693
Net increase (decrease) in net assets resulting from operations	(187,229		)	204,175

Unit transactions:
Purchases	1,384			400
Net transfers	13,953			42,200
Net interfund transfers due to corporate actions	5,513,281			4,844,543
Surrenders for benefit payments and fees	(318,640		)	(323,515		)
Other transactions	1			(164		)
Death benefits	(88,999		)	(31,545		)
Net annuity transactions	67,866			58,858
Net increase (decrease) in net assets resulting from unit transactions	5,188,846			4,590,777
Net increase (decrease) in net assets	5,001,617			4,794,952

Net assets:
Beginning of period	—			—
End of period	$	5,001,617		$	4,794,952


The accompanying notes are an integral part of these financial statements.

(1) Funded as of November 18, 2016.

(2) Funded as of April 29, 2016.



SEPARATE ACCOUNT SEVEN
Hartford Life Insurance Company
Notes to Financial Statements
December 31, 2017

1. Organization:

Separate Account Seven (the “Account”) is a separate investment account established by Hartford Life Insurance Company (the “Sponsor Company”) and is registered with the Securities and Exchange Commission (“SEC”) as a unit investment trust under the Investment Company Act of 1940, as amended. Both the Sponsor Company and the Account are subject to supervision and regulation by the Department of Insurance of the State of Connecticut and the SEC. The contract owners of the Sponsor Company direct their deposits into various investment options (the “Sub-Accounts”) within the Account.

On December 3, 2017, a Stock and Asset Purchase Agreement was entered into by and among Hartford Holdings, Inc. (“HHI”) and its parent company, The Hartford Financial Services Group, Inc. (“HFSG”), Hopmeadow Acquisition, Inc. (“Buyer”), Hopmeadow Holdings, LP (“Buyer Parent”) and Hopmeadow Holdings GP LLC (“Buyer Parent GP”), pursuant to which HHI agreed to sell all of the issued and outstanding equity of Hartford Life, Inc. (“HLI”), the parent of the Sponsor Company and its indirect wholly owned subsidiary, Hartford Life and Annuity Insurance Company, to Buyer (the “Talcott Resolution Sale Transaction”). Buyer, Buyer Parent and Buyer Parent GP are funded by a group of investors (the “Investor Group”) led by Cornell Capital LLC, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group, Pine Brook and J. Safra Group. HHI will also be a member of the Investor Group.

The closing of the Talcott Resolution Sale Transaction is subject to regulatory approvals, and the satisfaction of other closing conditions. The administration, terms, features and benefits of the contracts will not change as a result of the sale. The Talcott Resolution Sale Transaction is expected to close in the first half of 2018.

The Account is comprised of the following Sub-Accounts:

American Century VP Value Fund, American Century VP Growth Fund, AB VPS Balanced Wealth Strategy Portfolio, AB VPS International Value Portfolio, AB VPS Small/Mid Cap Value Portfolio, AB VPS Value Portfolio, AB VPS International Growth Portfolio, Invesco V.I. Value Opportunities Fund, Invesco V.I. Core Equity Fund, Invesco V.I. Government Securities Fund, Invesco V.I. High Yield Fund, Invesco V.I. International Growth Fund, Invesco V.I. Mid Cap Core Equity Fund, Invesco V.I. Small Cap Equity Fund, Invesco V.I. Balanced Risk Allocation Fund, Invesco V.I. Diversified Dividend Fund, Invesco V.I. Government Money Market Fund, American Century VP Mid Cap Value Fund, American Funds Global Bond Fund, American Funds Global Growth and Income Fund, American Funds Asset Allocation Fund, American Funds Blue Chip Income and Growth Fund, American Funds Bond Fund, American Funds Global Growth Fund, American Funds Growth Fund, American Funds Growth-Income Fund, American Funds International Fund, American Funds New World Fund, American Funds Global Small Capitalization Fund, Columbia Variable Portfolio - Small Company Growth Fund, Wells Fargo VT Omega Growth Fund, Fidelity® VIP Growth Portfolio, Fidelity® VIP Contrafund® Portfolio, Fidelity® VIP Mid Cap Portfolio, Fidelity® VIP Value Strategies Portfolio, Fidelity® VIP Dynamic Capital Appreciation Portfolio, Fidelity® VIP Strategic Income Portfolio, Franklin Rising Dividends VIP Fund, Franklin Income VIP Fund, Franklin Large Cap Growth VIP Fund, Franklin Global Real Estate VIP Fund, Franklin Small-Mid Cap Growth VIP Fund, Franklin Small Cap Value VIP Fund, Franklin Strategic Income VIP Fund, Franklin Mutual Shares VIP Fund, Templeton Developing Markets VIP Fund, Templeton Foreign VIP Fund, Templeton Growth VIP Fund, Franklin Mutual Global Discovery VIP Fund, Franklin Flex Cap Growth VIP Fund, Templeton Global Bond VIP Fund, Hartford Balanced HLS Fund, Hartford Total Return Bond HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford Healthcare HLS Fund, Hartford Global Growth HLS Fund, Hartford Disciplined Equity HLS Fund, Hartford Growth Opportunities HLS Fund, Hartford High Yield HLS Fund, Hartford International Opportunities HLS Fund, Hartford Small/Mid Cap Equity HLS Fund, Hartford MidCap HLS Fund, Hartford MidCap Value HLS Fund, Hartford Ultrashort Bond HLS Fund, Hartford Small Company HLS Fund, Hartford SmallCap Growth HLS Fund, Hartford Stock HLS Fund, Hartford U.S. Government Securities HLS Fund, Hartford Value HLS Fund, Rational Dividend Capture VA Fund (Formerly Catalyst Dividend Capture VA Fund), Rational Insider Buying VA Fund (Formerly Catalyst Insider Buying VA Fund), Lord Abbett Fundamental Equity Fund, Lord Abbett Calibrated Dividend Growth Fund, Lord Abbett Bond Debenture Fund, Lord Abbett Growth and Income Fund, MFS® Growth Fund, MFS® Global Equity Fund, MFS® Investors Trust Fund, MFS® Mid Cap Growth Fund, MFS® New Discovery Fund, MFS® Total Return Fund, MFS® Value Fund, MFS® Total Return Bond Series, MFS® Research Fund, MFS® High Yield Portfolio, BlackRock Global Allocation V.I. Fund, BlackRock Global Opportunities V.I. Fund, BlackRock Large Cap Focus Growth V.I. Fund (Formerly BlackRock Large Cap Growth V.I. Fund), BlackRock Equity Dividend V.I. Fund, Morgan Stanley VIF Core Plus Fixed Income Portfolio (Formerly UIF Core Plus Fixed Income Portfolio), Morgan Stanley VIF Growth Portfolio (Formerly UIF Growth Portfolio), Morgan Stanley VIF Mid Cap Growth Portfolio (Formerly UIF Mid Cap Growth Portfolio), Invesco V.I. American Value Fund, Morgan Stanley Mid Cap Growth Portfolio*, BlackRock Capital Appreciation V.I. Fund, Columbia Variable Portfolio - Asset Allocation Fund, Columbia Variable Portfolio - Dividend Opportunity Fund, Columbia Variable Portfolio - Income Opportunities Fund, Columbia Variable Portfolio - Mid Cap Growth Fund, Oppenheimer Capital Appreciation Fund/VA, Oppenheimer Global Fund/VA, Oppenheimer Main Street Fund®/VA (Merged with Oppenheimer Equity Income Fund/VA ), Oppenheimer Main Street Small Cap Fund/VA, Oppenheimer Equity Income Fund/VA (Merged with Oppenheimer Main Street Fund®/VA ), Putnam VT Diversified Income Fund, Putnam VT Global Asset Allocation Fund, Putnam VT Growth Opportunities Fund, Putnam VT International Value Fund, Putnam VT International Equity Fund, Putnam VT Small Cap Value Fund, JPMorgan Insurance Trust Core Bond Portfolio, JPMorgan Insurance Trust U.S. Equity Portfolio, JPMorgan Insurance Trust Intrepid Mid Cap Portfolio*, JPMorgan Insurance Trust Mid Cap Value Portfolio, Putnam VT Equity Income Fund, PIMCO All Asset Fund, PIMCO StocksPLUS Global Portfolio, PIMCO Global Multi-Asset Managed Allocation Portfolio, Jennison 20/20 Focus Fund, Jennison Fund, Prudential Value Portfolio, Prudential SP International Growth Portfolio, ClearBridge Variable Dividend Strategy Portfolio, Western Asset Variable Global High Yield Bond Portfolio, ClearBridge Variable Large Cap Value Portfolio, Invesco V.I. Growth and Income Fund, Invesco V.I. Comstock Fund, Invesco V.I. American Franchise Fund, Invesco V.I. Mid Cap Growth Fund, Wells Fargo VT Index Asset Allocation Fund, Wells Fargo VT International Equity Fund, Wells Fargo VT Small Cap Growth Fund, Wells Fargo VT Discovery Fund, Wells Fargo VT Opportunity Fund, HIMCO VIT Index Fund, HIMCO VIT Portfolio Diversifier Fund, HIMCO VIT American Funds Asset Allocation Fund*, HIMCO VIT American Funds Blue Chip Income and Growth Fund*, HIMCO VIT American Funds Bond Fund*, HIMCO VIT American Funds Global Bond Fund*, HIMCO VIT American Funds Global Growth and Income Fund*, HIMCO VIT American Funds Global Growth Fund*, HIMCO VIT American Funds Global Small Capitalization Fund*, HIMCO VIT American Funds Growth Fund*, HIMCO VIT American Funds Growth-Income Fund*, HIMCO VIT American Funds International Fund*, HIMCO VIT American Funds New World Fund*, MFS® Core Equity Portfolio, MFS® Massachusetts Investors Growth Stock Portfolio, MFS® Research International Portfolio, Columbia Variable Portfolio - Large Cap Growth Fund, Columbia Variable Portfolio - Select International Equity Fund, Variable Portfolio - Loomis Sayles Growth Fund.

* During 2017, this Sub-Account was liquidated.

The Sub-Accounts are invested in mutual funds (the “Funds”) of the same name. Each Sub-Account may invest in one or more share classes of a Fund, depending upon the product(s) available in that Sub-Account. A contract owner's unitized performance correlates with the share class associated with the contract owner's product.

If a Fund is subject to a merger by the Fund Manager, the Sub-Account invested in the surviving Fund acquires, at fair value, the net assets of the Sub-Account associated with the merging Fund on the date disclosed. These transfers are reflected in net interfund transfers due to corporate actions on the statements of changes in net assets.

Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from the Sponsor Company’s other assets and liabilities and are not chargeable with liabilities arising out of any other business the Sponsor Company may conduct.

2. Significant Accounting Policies:

The Account qualifies as an investment company and follows the accounting and reporting guidance as defined in Accounting Standards Codification 946, "Financial Services - Investment Companies." The following is a summary of significant accounting policies of the Account, which are in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"):

a) Security Transactions - Security transactions are recorded on the trade date (date the order to buy or sell is executed). Realized gains and losses on the sales of securities are computed using the average cost method. Dividend income is either accrued daily or as of the ex-dividend date based upon the Fund. Net realized gain distributions are accrued as of the ex-dividend date. Net realized gain distributions represent those dividends from the Funds which are characterized as capital gains under tax regulations.

b) Unit Transactions - Unit transactions are executed based on the unit values calculated at the close of the business day.

c) Federal Income Taxes - The operations of the Account form a part of, and are taxed with, the total operations of the Sponsor Company, which is taxed as an insurance company under the Internal Revenue Code ("IRC"). Under the current provisions of the IRC, the Sponsor Company does not expect to incur federal income taxes on the earnings of the Account to the extent the earnings are credited to the contract owners. Based on this, no charge is being made currently to the Account for federal income taxes. The Sponsor Company will review periodically the status of this policy. In the event of changes in the tax law, a charge may be made in future years for any federal income taxes that would be attributable to the contracts.

d) Use of Estimates - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Actual results could differ from those estimates. The most significant estimates contained within the financial statements are the fair value measurements.

e) Mortality Risk - The mortality risk associated with net assets allocated to contracts in the annuity period is determined using certain mortality tables. The mortality risk is fully borne by the Sponsor Company and may result in additional amounts being transferred into the Account by the Sponsor Company to cover greater longevity of contract owners than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the Sponsor Company. These amounts are included in net annuity transactions on the accompanying statements of changes in net assets.

f) Fair Value Measurements - The Sub-Accounts' investments are carried at fair value in the Account’s financial statements. The investments in shares of the Funds are valued at the December 31, 2017 closing net asset value as determined by the appropriate Fund Manager. For financial instruments that are carried at fair value, a hierarchy is used to place the instruments into three broad levels (Levels 1, 2 and 3) by prioritizing the inputs in the valuation techniques used to measure fair value.

Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets that the Account has the ability to access at the measurement date. Level 1 investments include mutual funds.

Level 2: Observable inputs, other than unadjusted quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities. Level 2 investments include those that are model priced by vendors using observable inputs.

Level 3: Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk). Because Level 3 fair values, by their nature, contain unobservable market inputs, considerable judgment is used to determine the Level 3 fair values. Level 3 fair values represent the best estimate of an amount that could be realized in a current market exchange absent actual market exchanges.

In certain cases, the inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

As of December 31, 2017, the Sub-Accounts invest in mutual funds which are carried at fair value and represent Level 1 investments under the fair value hierarchy levels. There were no Level 2 or Level 3 investments in the Sub-Accounts. The Account’s policy is to recognize transfers of securities among the levels at the beginning of the reporting period. There were no transfers among the levels for the periods ended December 31, 2017 and 2016.

g) Accounting for Uncertain Tax Positions - The federal audit of the years 2012 and 2013 was completed as of March 31, 2017 with no additional adjustments. Management evaluates whether or not there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required at December 31, 2017.

3. Administration of the Account and Related Charges:

Each Sub-Account is charged certain fees, according to contract terms, as follows:

a) Mortality and Expense Risk Charges - The Sponsor Company, as an issuer of variable annuity contracts, assesses mortality and expense risk charges for which it receives a maximum annual fee of 1.55% of the Sub-Account’s average daily net assets. These charges are reflected in the accompanying statements of operations as a reduction in unit value.

b) Tax Expense Charges - If applicable, the Sponsor Company will make deductions up to a maximum rate of 3.50% of the contract’s average daily net assets to meet premium tax requirements. An additional tax charge based on a percentage of the Sub-Account’s average daily net assets may be assessed on partial withdrawals or surrenders. These charges are a redemption of units from applicable contract owners’ accounts and are reflected in surrenders for benefit payments and fees on the accompanying statements of changes in net assets.

c) Administrative Charges - The Sponsor Company provides administrative services to the Account and receives a maximum annual fee of 0.20% of the Sub-Account’s average daily net assets for these services. These charges are reflected in the accompanying statements of operations as a reduction in unit value.

d) Annual Maintenance Fees - An annual maintenance fee up to a maximum of $50 may be charged. These charges are deducted through a redemption of units from applicable contract owners’ accounts and are reflected in surrenders for benefit payments and fees in the accompanying statements of changes in net assets.

e) Rider Charges -

The Sponsor Company will make certain deductions (as a percentage of average daily Sub-Account value) for various rider charges:

Optional Death Benefit Charge maximum of 0.15%

Earnings Protection Benefit Charge maximum of 0.20%

Principal First Charge maximum of 0.75%

Principal First Preferred Charge maximum of 0.20%

MAV/EPB Death Benefit Charge maximum of 0.30%

MAV 70 Death Benefit Charge maximum of 0.20%

MAV Plus Charge maximum of 0.30%

Maximum Anniversary Value III Charge maximum of 1.50%

Liquidity Feature Charge maximum of 0.50%

MAV V Charge maximum of 1.50%

MAV IV Charge maximum of 1.50%

Legacy Lock Charge maximum of 1.50%

Daily Lock Charge maximum of 2.50%

Safety Plus Charge maximum of 2.50%

Future 5 Charge maximum of 2.50%

Future 6 Charge maximum of 2.50%

Maximum Daily Value Charge maximum of 1.50%

Return of Premium IV Charge maximum of 0.75%

Return of Premium V Charge maximum of 0.75%

Return of Premium III Charge maximum of 0.75%

Return of Premium Death Benefit Charge maximum of 0.75%

The Hartford’s Lifetime Income Builder Charge maximum of 0.75%

The Hartford’s Lifetime Income Builder II Charge maximum of 0.75%

The Hartford’s Lifetime Income Foundation Charge maximum of 0.30%

The Hartford’s Lifetime Income Builder Selects Charge maximum of 1.50%

The Hartford’s Lifetime Income Builder Portfolios Charge maximum of 1.50%

Income Foundation Builder maximum of 2.50%

These charges can be assessed as a reduction in unit values or a redemption of units from applicable contract owners’ accounts as specified in the product prospectus.

f) Distribution Charge - A Distribution Charge of 0.85% may be charged, by the Sponsor Company, to the contract’s value each year at the contract anniversary date. This charge is based on a percentage of remaining gross premiums with each premium payment having its own Distribution Charge schedule. The Distribution Charge is reduced to zero after the completion of seven or eight years (based upon contract terms) after each respective premium payment. These charges are deducted through a redemption of units from applicable contract owners’ accounts and are reflected in surrenders for benefit payments and fees in the accompanying statements of changes in net assets.

g) Transactions with Related Parties - The Sponsor and its affiliates receive fees from the HLS and HIMCO VIT funds for services provided to these Funds. The fees received for these services are a maximum of 1.12% and 1.35%, respectively, of the Funds’ average daily net assets.

4. Purchases and Sales of Investments:

The cost of purchases and proceeds from sales of investments for the period ended December 31, 2017 were as follows:



Sub-Account	Purchases at Cost		Proceeds from Sales
American Century VP Value Fund	$	207,292	$	428,021
American Century VP Growth Fund	$	24,868	$	19,450
AB VPS Balanced Wealth Strategy Portfolio	$	352,894	$	817,619
AB VPS International Value Portfolio	$	214,753	$	1,147,425
AB VPS Small/Mid Cap Value Portfolio	$	369,806	$	671,031
AB VPS Value Portfolio	$	7,008	$	36,117
AB VPS International Growth Portfolio	$	106,077	$	210,702
Invesco V.I. Value Opportunities Fund	$	1,326,741	$	4,053,395
Invesco V.I. Core Equity Fund	$	2,886,015	$	5,981,686
Invesco V.I. Government Securities Fund	$	10,381,032	$	18,426,459
Invesco V.I. High Yield Fund	$	35,310	$	118,098
Invesco V.I. International Growth Fund	$	2,263,746	$	8,775,922
Invesco V.I. Mid Cap Core Equity Fund	$	2,243,063	$	6,658,379
Invesco V.I. Small Cap Equity Fund	$	2,546,559	$	5,330,328
Invesco V.I. Balanced Risk Allocation Fund	$	338,124	$	660,463
Invesco V.I. Diversified Dividend Fund	$	365	$	665
Invesco V.I. Government Money Market Fund	$	33,730,772	$	40,837,582
American Century VP Mid Cap Value Fund	$	20,162	$	20,865
American Funds Global Bond Fund	$	5,904,278	$	6,022,880
American Funds Global Growth and Income Fund	$	12,196,618	$	9,612,273
American Funds Asset Allocation Fund	$	25,016,232	$	27,952,629
American Funds Blue Chip Income and Growth Fund	$	14,356,474	$	18,018,472
American Funds Bond Fund	$	34,806,630	$	21,893,558
American Funds Global Growth Fund	$	8,320,687	$	10,684,004
American Funds Growth Fund	$	94,028,530	$	81,337,463
American Funds Growth-Income Fund	$	58,511,409	$	66,695,099
American Funds International Fund	$	34,651,770	$	20,049,909
American Funds New World Fund	$	7,632,524	$	7,250,768
American Funds Global Small Capitalization Fund	$	8,328,358	$	7,285,443
Columbia Variable Portfolio - Small Company Growth Fund	$	427,554	$	862,638
Wells Fargo VT Omega Growth Fund	$	135,190	$	384,579
Fidelity® VIP Growth Portfolio	$	333,600	$	716,360
Fidelity® VIP Contrafund® Portfolio	$	1,702,180	$	4,424,660
Fidelity® VIP Mid Cap Portfolio	$	1,148,175	$	3,602,794
Fidelity® VIP Value Strategies Portfolio	$	198,043	$	78,298
Fidelity® VIP Dynamic Capital Appreciation Portfolio	$	45,371	$	157,790
Fidelity® VIP Strategic Income Portfolio	$	8,227	$	3,610
Franklin Rising Dividends VIP Fund	$	11,903,556	$	33,174,599
Franklin Income VIP Fund	$	19,585,001	$	66,610,722
Franklin Large Cap Growth VIP Fund	$	4,185,819	$	5,713,422
Franklin Global Real Estate VIP Fund	$	55,468	$	155,019
Franklin Small-Mid Cap Growth VIP Fund	$	6,761,399	$	9,328,635
Franklin Small Cap Value VIP Fund	$	2,275,941	$	5,127,134
Franklin Strategic Income VIP Fund	$	9,007,951	$	18,464,883
Franklin Mutual Shares VIP Fund	$	16,470,225	$	38,625,582
Templeton Developing Markets VIP Fund	$	2,872,806	$	4,990,153
Templeton Foreign VIP Fund	$	3,765,427	$	13,896,542
Templeton Growth VIP Fund	$	4,044,519	$	22,385,569
Franklin Mutual Global Discovery VIP Fund	$	6,514,663	$	11,241,622
Franklin Flex Cap Growth VIP Fund	$	660,478	$	2,343,312
Templeton Global Bond VIP Fund	$	1,039,736	$	2,854,697
Hartford Balanced HLS Fund	$	1,280,547	$	2,581,200
Hartford Total Return Bond HLS Fund	$	12,869,421	$	21,366,150
Hartford Capital Appreciation HLS Fund	$	8,051,405	$	25,730,314
Hartford Dividend and Growth HLS Fund	$	8,178,772	$	20,966,200
Hartford Healthcare HLS Fund	$	12,255	$	33,913
Hartford Global Growth HLS Fund	$	186,728	$	312,719
Hartford Disciplined Equity HLS Fund	$	1,903,243	$	2,364,687
Hartford Growth Opportunities HLS Fund	$	1,354,471	$	6,967,013
Hartford High Yield HLS Fund	$	1,097,670	$	1,889,463
Hartford International Opportunities HLS Fund	$	736,353	$	1,586,852
Hartford Small/Mid Cap Equity HLS Fund	$	153,373	$	699,349
Hartford MidCap HLS Fund	$	37,281	$	60,549
Hartford MidCap Value HLS Fund	$	64,392	$	155,016
Hartford Ultrashort Bond HLS Fund	$	6,489,269	$	15,261,457
Hartford Small Company HLS Fund	$	105,668	$	693,506
Hartford SmallCap Growth HLS Fund	$	464,074	$	336,618
Hartford Stock HLS Fund	$	309,995	$	1,071,615
Hartford U.S. Government Securities HLS Fund	$	691,059	$	822,446
Hartford Value HLS Fund	$	179,292	$	368,352
Rational Dividend Capture VA Fund +	$	358,595	$	776,785
Rational Insider Buying VA Fund+	$	487,105	$	847,211
Lord Abbett Fundamental Equity Fund	$	190,182	$	282,728
Lord Abbett Calibrated Dividend Growth Fund	$	305,943	$	852,018
Lord Abbett Bond Debenture Fund	$	1,509,649	$	1,493,847
Lord Abbett Growth and Income Fund	$	199,121	$	409,260
MFS® Growth Fund	$	4,289,226	$	9,336,981
MFS® Global Equity Fund	$	999,200	$	1,384,570
MFS® Investors Trust Fund	$	3,627,901	$	11,246,943
MFS® Mid Cap Growth Fund	$	2,085,442	$	3,765,021
MFS® New Discovery Fund	$	1,504,291	$	7,071,983
MFS® Total Return Fund	$	11,002,525	$	30,696,344
MFS® Value Fund	$	7,977,621	$	15,754,620
MFS® Total Return Bond Series	$	10,630,238	$	15,572,109
MFS® Research Fund	$	1,043,503	$	1,083,829
MFS® High Yield Portfolio	$	5,554,563	$	6,989,671
BlackRock Global Allocation V.I. Fund	$	16,407	$	4,995
BlackRock Global Opportunities V.I. Fund	$	4,271	$	14,593
BlackRock Large Cap Focus Growth V.I. Fund+	$	60,216	$	193,252
BlackRock Equity Dividend V.I. Fund	$	81,425	$	151,509
Morgan Stanley VIF Core Plus Fixed Income Portfolio+	$	1,295	$	1,438
Morgan Stanley VIF Growth Portfolio+	$	29,537	$	71,700
Morgan Stanley VIF Mid Cap Growth Portfolio+	$	115,438	$	380,363
Invesco V.I. American Value Fund	$	327,115	$	258,193
Morgan Stanley Mid Cap Growth Portfolio+	$	2	$	160,405
BlackRock Capital Appreciation V.I. Fund	$	69,588	$	189,035
Columbia Variable Portfolio - Asset Allocation Fund	$	98,474	$	338,161
Columbia Variable Portfolio - Dividend Opportunity Fund	$	232,172	$	1,511,566
Columbia Variable Portfolio - Income Opportunities Fund	$	601,343	$	1,100,347
Columbia Variable Portfolio - Mid Cap Growth Fund	$	122,013	$	1,191,684
Oppenheimer Capital Appreciation Fund/VA	$	63,191	$	205,989
Oppenheimer Global Fund/VA	$	301,496	$	888,196
Oppenheimer Main Street Fund®/VA+	$	501,278	$	873,002
Oppenheimer Main Street Small Cap Fund/VA	$	424,365	$	1,171,545
Oppenheimer Equity Income Fund/VA+	$	6,016	$	292,512
Putnam VT Diversified Income Fund	$	1,340,738	$	2,342,685
Putnam VT Global Asset Allocation Fund	$	177,140	$	323,668
Putnam VT Growth Opportunities Fund	$	137,789	$	637,652
Putnam VT International Value Fund	$	979	$	88,677
Putnam VT International Equity Fund	$	41,386	$	78,764
Putnam VT Small Cap Value Fund	$	159,171	$	175,752
JPMorgan Insurance Trust Core Bond Portfolio	$	2,902,149	$	6,145,333
JPMorgan Insurance Trust U.S. Equity Portfolio	$	213,410	$	1,236,947
JPMorgan Insurance Trust Intrepid Mid Cap Portfolio+	$	51,906	$	6,056,482
JPMorgan Insurance Trust Mid Cap Value Portfolio	$	540,113	$	1,151,409
Putnam VT Equity Income Fund	$	6,628	$	5,562
PIMCO All Asset Fund	$	6,460	$	5,366
PIMCO StocksPLUS Global Portfolio	$	14,005	$	126,592
PIMCO Global Multi-Asset Managed Allocation Portfolio	$	46,943	$	15,355
Jennison 20/20 Focus Fund	$	—	$	31,433
Jennison Fund	$	7	$	14,708
Prudential Value Portfolio	$	—	$	28,987
Prudential SP International Growth Portfolio	$	—	$	5,841
ClearBridge Variable Dividend Strategy Portfolio	$	719	$	876
Western Asset Variable Global High Yield Bond Portfolio	$	2,311	$	1,888
ClearBridge Variable Large Cap Value Portfolio	$	30,512	$	92,321
Invesco V.I. Growth and Income Fund	$	154,269	$	437,773
Invesco V.I. Comstock Fund	$	83,168	$	90,429
Invesco V.I. American Franchise Fund	$	3,381,786	$	4,106,807
Invesco V.I. Mid Cap Growth Fund	$	970,254	$	1,281,749
Wells Fargo VT Index Asset Allocation Fund	$	1,343	$	1,186
Wells Fargo VT International Equity Fund	$	106,766	$	226,656
Wells Fargo VT Small Cap Growth Fund	$	96,273	$	205,914
Wells Fargo VT Discovery Fund	$	436	$	170
Wells Fargo VT Opportunity Fund	$	682,112	$	1,692,187
HIMCO VIT Index Fund	$	613,629	$	1,282,758
HIMCO VIT Portfolio Diversifier Fund	$	3,969,376	$	4,785,916
HIMCO VIT American Funds Asset Allocation Fund+	$	3,892,816	$	13,755,322
HIMCO VIT American Funds Blue Chip Income and Growth Fund+	$	2,089,930	$	6,539,911
HIMCO VIT American Funds Bond Fund+	$	3,141,786	$	25,312,335
HIMCO VIT American Funds Global Bond Fund+	$	340,821	$	2,491,903
HIMCO VIT American Funds Global Growth and Income Fund+	$	3,708,530	$	9,645,946
HIMCO VIT American Funds Global Growth Fund+	$	1,522,143	$	3,687,773
HIMCO VIT American Funds Global Small Capitalization Fund+	$	2,633,887	$	8,320,717
HIMCO VIT American Funds Growth Fund+	$	23,404,238	$	56,960,863
HIMCO VIT American Funds Growth-Income Fund+	$	12,436,825	$	29,900,924
HIMCO VIT American Funds International Fund+	$	10,376,707	$	34,531,305
HIMCO VIT American Funds New World Fund+	$	615,158	$	5,244,960
MFS® Core Equity Portfolio	$	599,207	$	939,011
MFS® Massachusetts Investors Growth Stock Portfolio	$	787,269	$	1,527,074
MFS® Research International Portfolio	$	816,777	$	2,878,204
Columbia Variable Portfolio - Large Cap Growth Fund	$	144,095	$	1,066,007
Columbia Variable Portfolio - Select International Equity Fund	$	249,204	$	981,061
Variable Portfolio - Loomis Sayles Growth Fund	$	119,076	$	780,233

+ See Note 1 for additional information related to this Sub-Account.

5. Changes in Units Outstanding:

The changes in units outstanding for the period ended December 31, 2017 were as follows:



Sub-Account	Units Issued	Units Redeemed	Net Increase/(Decrease)
American Century VP Value Fund	9,459	21,231	(11,772	)
American Century VP Growth Fund	637	1,024	(387	)
AB VPS Balanced Wealth Strategy Portfolio	15,777	53,933	(38,156	)
AB VPS International Value Portfolio	14,790	133,747	(118,957	)
AB VPS Small/Mid Cap Value Portfolio	12,194	29,279	(17,085	)
AB VPS Value Portfolio	333	2,407	(2,074	)
AB VPS International Growth Portfolio	12,120	22,533	(10,413	)
Invesco V.I. Value Opportunities Fund	735,279	2,183,557	(1,448,278	)
Invesco V.I. Core Equity Fund	59,784	321,954	(262,170	)
Invesco V.I. Government Securities Fund	7,022,809	13,288,078	(6,265,269	)
Invesco V.I. High Yield Fund	6,945	45,005	(38,060	)
Invesco V.I. International Growth Fund	747,725	2,516,032	(1,768,307	)
Invesco V.I. Mid Cap Core Equity Fund	602,569	2,440,500	(1,837,931	)
Invesco V.I. Small Cap Equity Fund	71,035	220,226	(149,191	)
Invesco V.I. Balanced Risk Allocation Fund	14,125	48,410	(34,285	)
Invesco V.I. Diversified Dividend Fund	—	30	(30	)
Invesco V.I. Government Money Market Fund	3,597,603	4,298,982	(701,379	)
American Century VP Mid Cap Value Fund	742	925	(183	)
American Funds Global Bond Fund	520,343	467,116	53,227
American Funds Global Growth and Income Fund	938,387	572,084	366,303
American Funds Asset Allocation Fund	1,239,051	1,223,354	15,697
American Funds Blue Chip Income and Growth Fund	2,943,908	8,543,623	(5,599,715	)
American Funds Bond Fund	2,804,909	1,354,682	1,450,227
American Funds Global Growth Fund	454,233	431,273	22,960
American Funds Growth Fund	4,854,655	3,479,506	1,375,149
American Funds Growth-Income Fund	2,812,154	2,675,172	136,982
American Funds International Fund	2,965,605	1,116,645	1,848,960
American Funds New World Fund	517,602	248,789	268,813
American Funds Global Small Capitalization Fund	707,920	304,692	403,228
Columbia Variable Portfolio - Small Company Growth Fund	19,246	323,299	(304,053	)
Wells Fargo VT Omega Growth Fund	97,455	226,757	(129,302	)
Fidelity® VIP Growth Portfolio	10,521	34,293	(23,772	)
Fidelity® VIP Contrafund® Portfolio	45,298	220,119	(174,821	)
Fidelity® VIP Mid Cap Portfolio	26,992	186,287	(159,295	)
Fidelity® VIP Value Strategies Portfolio	2,459	3,327	(868	)
Fidelity® VIP Dynamic Capital Appreciation Portfolio	1,190	6,284	(5,094	)
Fidelity® VIP Strategic Income Portfolio	271	188	83
Franklin Rising Dividends VIP Fund	184,072	1,212,264	(1,028,192	)
Franklin Income VIP Fund	393,953	3,038,244	(2,644,291	)
Franklin Large Cap Growth VIP Fund	121,835	285,280	(163,445	)
Franklin Global Real Estate VIP Fund	1,272	5,993	(4,721	)
Franklin Small-Mid Cap Growth VIP Fund	137,179	489,305	(352,126	)
Franklin Small Cap Value VIP Fund	78,953	287,765	(208,812	)
Franklin Strategic Income VIP Fund	337,180	870,004	(532,824	)
Franklin Mutual Shares VIP Fund	240,059	1,643,478	(1,403,419	)
Templeton Developing Markets VIP Fund	124,803	225,443	(100,640	)
Templeton Foreign VIP Fund	173,583	930,162	(756,579	)
Templeton Growth VIP Fund	163,353	1,244,613	(1,081,260	)
Franklin Mutual Global Discovery VIP Fund	95,207	368,545	(273,338	)
Franklin Flex Cap Growth VIP Fund	37,312	117,312	(80,000	)
Templeton Global Bond VIP Fund	72,701	191,662	(118,961	)
Hartford Balanced HLS Fund	157,764	693,590	(535,826	)
Hartford Total Return Bond HLS Fund	1,130,289	2,641,798	(1,511,509	)
Hartford Capital Appreciation HLS Fund	130,570	1,996,485	(1,865,915	)
Hartford Dividend and Growth HLS Fund	120,322	1,529,211	(1,408,889	)
Hartford Healthcare HLS Fund	55	6,514	(6,459	)
Hartford Global Growth HLS Fund	9,314	68,942	(59,628	)
Hartford Disciplined Equity HLS Fund	33,532	117,218	(83,686	)
Hartford Growth Opportunities HLS Fund	53,612	338,608	(284,996	)
Hartford High Yield HLS Fund	40,691	103,593	(62,902	)
Hartford International Opportunities HLS Fund	87,819	192,323	(104,504	)
Hartford Small/Mid Cap Equity HLS Fund	5,675	34,207	(28,532	)
Hartford MidCap HLS Fund	143	5,979	(5,836	)
Hartford MidCap Value HLS Fund	1,951	9,185	(7,234	)
Hartford Ultrashort Bond HLS Fund	5,320,370	12,266,545	(6,946,175	)
Hartford Small Company HLS Fund	11,840	95,755	(83,915	)
Hartford SmallCap Growth HLS Fund	18,732	12,712	6,020
Hartford Stock HLS Fund	43,740	461,020	(417,280	)
Hartford U.S. Government Securities HLS Fund	56,996	84,789	(27,793	)
Hartford Value HLS Fund	4,918	23,083	(18,165	)
Rational Dividend Capture VA Fund +	33,655	95,179	(61,524	)
Rational Insider Buying VA Fund+	9,282	277,061	(267,779	)
Lord Abbett Fundamental Equity Fund	3,343	12,594	(9,251	)
Lord Abbett Calibrated Dividend Growth Fund	4,807	42,275	(37,468	)
Lord Abbett Bond Debenture Fund	60,048	78,599	(18,551	)
Lord Abbett Growth and Income Fund	1,932	25,385	(23,453	)
MFS® Growth Fund	208,324	575,478	(367,154	)
MFS® Global Equity Fund	33,077	52,561	(19,484	)
MFS® Investors Trust Fund	91,447	605,772	(514,325	)
MFS® Mid Cap Growth Fund	119,966	349,143	(229,177	)
MFS® New Discovery Fund	53,192	300,321	(247,129	)
MFS® Total Return Fund	242,256	1,464,483	(1,222,227	)
MFS® Value Fund	168,210	586,361	(418,151	)
MFS® Total Return Bond Series	616,382	1,066,167	(449,785	)
MFS® Research Fund	34,044	46,297	(12,253	)
MFS® High Yield Portfolio	360,161	604,123	(243,962	)
BlackRock Global Allocation V.I. Fund	828	268	560
BlackRock Global Opportunities V.I. Fund	—	676	(676	)
BlackRock Large Cap Focus Growth V.I. Fund+	—	8,400	(8,400	)
BlackRock Equity Dividend V.I. Fund	1,918	8,000	(6,082	)
Morgan Stanley VIF Core Plus Fixed Income Portfolio+	—	62	(62	)
Morgan Stanley VIF Growth Portfolio+	373	3,646	(3,273	)
Morgan Stanley VIF Mid Cap Growth Portfolio+	7,538	22,849	(15,311	)
Invesco V.I. American Value Fund	17,659	13,714	3,945
Morgan Stanley Mid Cap Growth Portfolio+	—	9,787	(9,787	)
BlackRock Capital Appreciation V.I. Fund	603	10,605	(10,002	)
Columbia Variable Portfolio - Asset Allocation Fund	37,254	167,841	(130,587	)
Columbia Variable Portfolio - Dividend Opportunity Fund	17,474	95,674	(78,200	)
Columbia Variable Portfolio - Income Opportunities Fund	23,209	88,658	(65,449	)
Columbia Variable Portfolio - Mid Cap Growth Fund	8,977	71,935	(62,958	)
Oppenheimer Capital Appreciation Fund/VA	680	11,952	(11,272	)
Oppenheimer Global Fund/VA	16,339	48,188	(31,849	)
Oppenheimer Main Street Fund®/VA+	25,194	44,419	(19,225	)
Oppenheimer Main Street Small Cap Fund/VA	7,582	51,334	(43,752	)
Oppenheimer Equity Income Fund/VA+	—	20,584	(20,584	)
Putnam VT Diversified Income Fund	47,394	156,311	(108,917	)
Putnam VT Global Asset Allocation Fund	8,980	19,169	(10,189	)
Putnam VT Growth Opportunities Fund	8,304	51,161	(42,857	)
Putnam VT International Value Fund	46	10,622	(10,576	)
Putnam VT International Equity Fund	3,557	7,477	(3,920	)
Putnam VT Small Cap Value Fund	7,682	8,846	(1,164	)
JPMorgan Insurance Trust Core Bond Portfolio	160,220	416,257	(256,037	)
JPMorgan Insurance Trust U.S. Equity Portfolio	5,394	45,909	(40,515	)
JPMorgan Insurance Trust Intrepid Mid Cap Portfolio+	2,136	228,052	(225,916	)
JPMorgan Insurance Trust Mid Cap Value Portfolio	12,762	40,606	(27,844	)
Putnam VT Equity Income Fund	—	170	(170	)
PIMCO All Asset Fund	4	365	(361	)
PIMCO StocksPLUS Global Portfolio	19	9,594	(9,575	)
PIMCO Global Multi-Asset Managed Allocation Portfolio	4,211	1,382	2,829
Jennison 20/20 Focus Fund	—	4,016	(4,016	)
Jennison Fund	2	1,965	(1,963	)
Prudential Value Portfolio	—	15,323	(15,323	)
Prudential SP International Growth Portfolio	—	4,867	(4,867	)
ClearBridge Variable Dividend Strategy Portfolio	28	38	(10	)
Western Asset Variable Global High Yield Bond Portfolio	229	609	(380	)
ClearBridge Variable Large Cap Value Portfolio	2,466	35,239	(32,773	)
Invesco V.I. Growth and Income Fund	4,511	21,268	(16,757	)
Invesco V.I. Comstock Fund	2,970	3,748	(778	)
Invesco V.I. American Franchise Fund	118,960	215,231	(96,271	)
Invesco V.I. Mid Cap Growth Fund	52,793	79,837	(27,044	)
Wells Fargo VT Index Asset Allocation Fund	4	60	(56	)
Wells Fargo VT International Equity Fund	37,644	153,752	(116,108	)
Wells Fargo VT Small Cap Growth Fund	3,432	9,324	(5,892	)
Wells Fargo VT Discovery Fund	—	2	(2	)
Wells Fargo VT Opportunity Fund	4,363	82,256	(77,893	)
HIMCO VIT Index Fund	11,601	50,802	(39,201	)
HIMCO VIT Portfolio Diversifier Fund	518,105	646,364	(128,259	)
HIMCO VIT American Funds Asset Allocation Fund+	67,291	770,741	(703,450	)
HIMCO VIT American Funds Blue Chip Income and Growth Fund+	9,234	348,431	(339,197	)
HIMCO VIT American Funds Bond Fund+	223,499	2,232,918	(2,009,419	)
HIMCO VIT American Funds Global Bond Fund+	30,740	225,870	(195,130	)
HIMCO VIT American Funds Global Growth and Income Fund+	2,720	613,508	(610,788	)
HIMCO VIT American Funds Global Growth Fund+	29,042	202,723	(173,681	)
HIMCO VIT American Funds Global Small Capitalization Fund+	19,332	604,025	(584,693	)
HIMCO VIT American Funds Growth Fund+	76,528	2,875,143	(2,798,615	)
HIMCO VIT American Funds Growth-Income Fund+	68,897	1,575,110	(1,506,213	)
HIMCO VIT American Funds International Fund+	141,817	2,791,052	(2,649,235	)
HIMCO VIT American Funds New World Fund+	24,573	410,797	(386,224	)
MFS® Core Equity Portfolio	23,528	69,990	(46,462	)
MFS® Massachusetts Investors Growth Stock Portfolio	41,460	124,783	(83,323	)
MFS® Research International Portfolio	65,746	260,317	(194,571	)
Columbia Variable Portfolio - Large Cap Growth Fund	12,710	76,171	(63,461	)
Columbia Variable Portfolio - Select International Equity Fund	14,598	78,675	(64,077	)
Variable Portfolio - Loomis Sayles Growth Fund	9,903	54,241	(44,338	)

+ See Note 1 for additional information related to this Sub-Account.

The changes in units outstanding for the period ended December 31, 2016 were as follows:



Sub-Account	Units Issued	Units Redeemed	Net Increase/(Decrease)
American Century VP Value Fund	11,178	43,120	(31,942	)
American Century VP Growth Fund	518	633	(115	)
AB VPS Balanced Wealth Strategy Portfolio	18,733	73,191	(54,458	)
AB VPS International Value Portfolio	81,532	225,308	(143,776	)
AB VPS Small/Mid Cap Value Portfolio	25,462	18,392	7,070
AB VPS Value Portfolio	281	2,580	(2,299	)
AB VPS International Growth Portfolio	5,044	16,318	(11,274	)
Invesco V.I. Value Opportunities Fund	537,632	1,980,434	(1,442,802	)
Invesco V.I. Core Equity Fund	69,731	524,640	(454,909	)
Invesco V.I. Government Securities Fund	8,234,025	17,383,772	(9,149,747	)
Invesco V.I. High Yield Fund	4,051	123,822	(119,771	)
Invesco V.I. International Growth Fund	866,935	2,913,415	(2,046,480	)
Invesco V.I. Mid Cap Core Equity Fund	1,079,822	3,203,997	(2,124,175	)
Invesco V.I. Small Cap Equity Fund	89,775	282,557	(192,782	)
Invesco V.I. Balanced Risk Allocation Fund	22,387	60,417	(38,030	)
Invesco V.I. Diversified Dividend Fund	—	32	(32	)
Invesco V.I. Government Money Market Fund	5,403,685	4,989,624	414,061
American Century VP Mid Cap Value Fund	32	849	(817	)
American Funds Global Bond Fund	254,006	575,034	(321,028	)
American Funds Global Growth and Income Fund	94,346	588,983	(494,637	)
American Funds Asset Allocation Fund	502,770	1,543,581	(1,040,811	)
American Funds Blue Chip Income and Growth Fund	6,569,184	10,250,944	(3,681,760	)
American Funds Bond Fund	549,568	1,884,186	(1,334,618	)
American Funds Global Growth Fund	93,299	609,235	(515,936	)
American Funds Growth Fund	538,477	3,965,579	(3,427,102	)
American Funds Growth-Income Fund	498,022	3,335,295	(2,837,273	)
American Funds International Fund	218,987	1,053,927	(834,940	)
American Funds New World Fund	75,746	264,839	(189,093	)
American Funds Global Small Capitalization Fund	64,147	353,905	(289,758	)
Columbia Variable Portfolio - Small Company Growth Fund	138,150	395,007	(256,857	)
Wells Fargo VT Omega Growth Fund	20,065	145,088	(125,023	)
Fidelity® VIP Growth Portfolio	18,346	20,604	(2,258	)
Fidelity® VIP Contrafund® Portfolio	55,426	304,003	(248,577	)
Fidelity® VIP Mid Cap Portfolio	40,370	199,858	(159,488	)
Fidelity® VIP Value Strategies Portfolio	1,209	9,976	(8,767	)
Fidelity® VIP Dynamic Capital Appreciation Portfolio	6,499	10,571	(4,072	)
Fidelity® VIP Strategic Income Portfolio	171	2,316	(2,145	)
Franklin Rising Dividends VIP Fund	438,370	1,433,762	(995,392	)
Franklin Income VIP Fund	395,354	4,001,770	(3,606,416	)
Franklin Large Cap Growth VIP Fund	138,606	462,814	(324,208	)
Franklin Global Real Estate VIP Fund	4,737	4,561	176
Franklin Small-Mid Cap Growth VIP Fund	184,185	647,268	(463,083	)
Franklin Small Cap Value VIP Fund	284,702	307,947	(23,245	)
Franklin Strategic Income VIP Fund	258,391	1,421,427	(1,163,036	)
Franklin Mutual Shares VIP Fund	236,754	2,307,102	(2,070,348	)
Templeton Developing Markets VIP Fund	115,670	260,971	(145,301	)
Templeton Foreign VIP Fund	389,985	1,144,689	(754,704	)
Templeton Growth VIP Fund	273,270	1,674,254	(1,400,984	)
Franklin Mutual Global Discovery VIP Fund	105,553	530,738	(425,185	)
Franklin Flex Cap Growth VIP Fund	57,780	198,092	(140,312	)
Templeton Global Bond VIP Fund	70,217	199,646	(129,429	)
Hartford Balanced HLS Fund	119,556	969,525	(849,969	)
Hartford Total Return Bond HLS Fund	814,455	3,971,144	(3,156,689	)
Hartford Capital Appreciation HLS Fund	383,067	2,372,568	(1,989,501	)
Hartford Dividend and Growth HLS Fund	415,924	1,882,383	(1,466,459	)
Hartford Healthcare HLS Fund	65	9,137	(9,072	)
Hartford Global Growth HLS Fund	19,275	39,213	(19,938	)
Hartford Disciplined Equity HLS Fund	73,020	168,917	(95,897	)
Hartford Growth Opportunities HLS Fund	72,310	425,229	(352,919	)
Hartford High Yield HLS Fund	59,700	127,176	(67,476	)
Hartford International Opportunities HLS Fund	85,463	308,482	(223,019	)
Hartford Small/Mid Cap Equity HLS Fund	21,939	34,519	(12,580	)
Hartford MidCap HLS Fund	256	35,717	(35,461	)
Hartford MidCap Value HLS Fund	4,104	36,622	(32,518	)
Hartford Ultrashort Bond HLS Fund	6,060,206	13,589,918	(7,529,712	)
Hartford Small Company HLS Fund	68,267	138,550	(70,283	)
Hartford SmallCap Growth HLS Fund	18,266	23,111	(4,845	)
Hartford Stock HLS Fund	97,211	682,249	(585,038	)
Hartford U.S. Government Securities HLS Fund	271,216	310,359	(39,143	)
Hartford Value HLS Fund	3,725	17,812	(14,087	)
Catalyst Dividend Capture VA Fund	20,514	223,543	(203,029	)
Catalyst Insider Buying VA Fund	26,853	415,246	(388,393	)
Lord Abbett Fundamental Equity Fund	8,030	26,285	(18,255	)
Lord Abbett Calibrated Dividend Growth Fund	40,553	80,489	(39,936	)
Lord Abbett Bond Debenture Fund	33,972	152,925	(118,953	)
Lord Abbett Growth and Income Fund	7,117	31,520	(24,403	)
MFS® Growth Fund	293,647	597,286	(303,639	)
MFS® Global Equity Fund	38,300	66,283	(27,983	)
MFS® Investors Trust Fund	91,042	647,712	(556,670	)
MFS® Mid Cap Growth Fund	178,353	876,950	(698,597	)
MFS® New Discovery Fund	91,194	346,070	(254,876	)
MFS® Total Return Fund	329,678	1,650,744	(1,321,066	)
MFS® Value Fund	187,545	701,884	(514,339	)
MFS® Total Return Bond Series	793,594	1,549,993	(756,399	)
MFS® Research Fund	20,285	51,097	(30,812	)
MFS® High Yield Portfolio	437,304	882,882	(445,578	)
BlackRock Global Allocation V.I. Fund	216	6,853	(6,637	)
BlackRock Global Opportunities V.I. Fund	—	148	(148	)
BlackRock Large Cap Growth V.I. Fund	2,955	4,871	(1,916	)
BlackRock Equity Dividend V.I. Fund	3,398	13,326	(9,928	)
UIF Core Plus Fixed Income Portfolio	—	68	(68	)
UIF Growth Portfolio	944	1,267	(323	)
UIF Mid Cap Growth Portfolio	7,471	22,659	(15,188	)
Invesco V.I. American Value Fund	14,857	7,516	7,341
Morgan Stanley Mid Cap Growth Portfolio	1,665	740	925
BlackRock Capital Appreciation V.I. Fund	4,669	8,585	(3,916	)
Columbia Variable Portfolio - Asset Allocation Fund	8,490	596,294	(587,804	)
Columbia Variable Portfolio - Dividend Opportunity Fund	20,388	106,120	(85,732	)
Columbia Variable Portfolio - Income Opportunities Fund	41,529	102,891	(61,362	)
Columbia Variable Portfolio - Mid Cap Growth Fund	12,608	93,895	(81,287	)
Oppenheimer Capital Appreciation Fund/VA	1,892	25,931	(24,039	)
Oppenheimer Global Fund/VA	7,322	91,155	(83,833	)
Oppenheimer Main Street Fund®/VA	38,203	7,607	30,596
Oppenheimer Main Street Small Cap Fund/VA	12,432	57,011	(44,579	)
Oppenheimer Equity Income Fund/VA	195	2,185	(1,990	)
Putnam VT Diversified Income Fund	55,683	245,967	(190,284	)
Putnam VT Global Asset Allocation Fund	16,146	14,023	2,123
Putnam VT Growth Opportunities Fund	191,140	7,010	184,130
Putnam VT International Value Fund	91	8,247	(8,156	)
Putnam VT International Equity Fund	4,081	20,454	(16,373	)
Putnam VT Small Cap Value Fund	4,787	1,199	3,588
JPMorgan Insurance Trust Core Bond Portfolio	132,126	576,884	(444,758	)
JPMorgan Insurance Trust U.S. Equity Portfolio	6,940	50,681	(43,741	)
JPMorgan Insurance Trust Intrepid Mid Cap Portfolio	5,594	49,051	(43,457	)
JPMorgan Insurance Trust Mid Cap Value Portfolio	10,029	40,425	(30,396	)
Putnam VT Equity Income Fund	82	3,240	(3,158	)
PIMCO All Asset Fund	26	589	(563	)
PIMCO StocksPLUS Global Portfolio	4,494	11,575	(7,081	)
PIMCO Global Multi-Asset Managed Allocation Portfolio	4	293	(289	)
Jennison 20/20 Focus Fund	1	3,386	(3,385	)
Jennison Fund	114	2,051	(1,937	)
Prudential Value Portfolio	—	2,049	(2,049	)
Prudential SP International Growth Portfolio	—	316	(316	)
ClearBridge Variable Dividend Strategy Portfolio	55	484	(429	)
Western Asset Variable Global High Yield Bond Portfolio	282	6,557	(6,275	)
ClearBridge Variable Large Cap Value Portfolio	2,900	48,798	(45,898	)
Invesco V.I. Growth and Income Fund	6,162	11,149	(4,987	)
Invesco V.I. Comstock Fund	26	2,072	(2,046	)
Invesco V.I. American Franchise Fund	75,304	255,260	(179,956	)
Invesco V.I. Mid Cap Growth Fund	39,802	94,693	(54,891	)
Wells Fargo VT Index Asset Allocation Fund	59	102	(43	)
Wells Fargo VT International Equity Fund	49,717	162,123	(112,406	)
Wells Fargo VT Small Cap Growth Fund	6,365	20,630	(14,265	)
Wells Fargo VT Discovery Fund	—	3	(3	)
Wells Fargo VT Opportunity Fund	12,310	108,086	(95,776	)
HIMCO VIT Index Fund	40,279	221,182	(180,903	)
HIMCO VIT Portfolio Diversifier Fund	881,986	1,382,013	(500,027	)
HIMCO VIT American Funds Asset Allocation Fund	94,100	199,981	(105,881	)
HIMCO VIT American Funds Blue Chip Income and Growth Fund	60,500	95,153	(34,653	)
HIMCO VIT American Funds Bond Fund	134,031	427,000	(292,969	)
HIMCO VIT American Funds Global Bond Fund	49,652	65,721	(16,069	)
HIMCO VIT American Funds Global Growth and Income Fund	16,999	135,551	(118,552	)
HIMCO VIT American Funds Global Growth Fund	32,416	38,834	(6,418	)
HIMCO VIT American Funds Global Small Capitalization Fund	45,689	139,682	(93,993	)
HIMCO VIT American Funds Growth Fund	78,968	766,595	(687,627	)
HIMCO VIT American Funds Growth-Income Fund	58,270	365,646	(307,376	)
HIMCO VIT American Funds International Fund	220,505	703,496	(482,991	)
HIMCO VIT American Funds New World Fund	46,578	124,590	(78,012	)
MFS® Core Equity Portfolio	20,345	78,449	(58,104	)
MFS® Massachusetts Investors Growth Stock Portfolio	84,775	143,674	(58,899	)
MFS® Research International Portfolio	88,257	261,357	(173,100	)
Columbia Variable Portfolio - Large Cap Growth Fund	685,074	44,254	640,820
Columbia Variable Portfolio - Select International Equity Fund	570,397	59,638	510,759
Variable Portfolio - Loomis Sayles Growth Fund	496,612	44,366	452,246

6. Financial Highlights:

The following is a summary of units, unit fair values, net assets, expense ratios, investment income ratios, and total return ratios as of or for each of the periods presented for the aggregate of all share classes within each Sub- Account that had outstanding units during the period ended December 31, 2017. The ranges presented are calculated using the results of only the contracts with the highest and lowest expense ratios. A specific unit value or ratio may be outside of the range presented in this table due to the initial assigned unit values, combined with varying performance and/or length of time since inception of the presented expense ratios. Investment income and total return ratios are calculated for the period the related share class within the Sub-Account is active, while the expense ratio is annualized. In the case of fund mergers, the expense, investment income, and total return ratios are calculated using only the results of the surviving fund and exclude the results of the fund merged into the surviving fund. For the fund merged into the surviving fund the results are through the date of the fund merger.



		Units #	Unit Fair Value Lowest to Highest #				Net Assets	Expense Ratio Lowest to Highest*				Investment Income Ratio Lowest to Highest**				Total Return Ratio Lowest to Highest***
American Century VP Value Fund
	2017	90,449		$19.222298	to	$20.503245	$1,841,868	0.50	%	to	1.45%	1.50	%	to	1.52%	7.01	%	to	8.03%
	2016	102,221		$17.962488	to	$18.978389	$1,933,623	0.50	%	to	1.45%	1.26	%	to	1.58%	18.55	%	to	19.68%
	2015	134,163		$15.152060	to	$15.857703	$2,124,718	0.50	%	to	1.45%	1.97	%	to	1.99%	(5.41	)%	to	(4.50)%
	2014	145,663		$16.018012	to	$16.605429	$2,421,509	0.50	%	to	1.45%	1.38	%	to	1.45%	11.27	%	to	12.33%
	2013	164,839		$14.395666	to	$14.782510	$2,445,633	0.50	%	to	1.45%	1.26	%	to	1.49%	29.59	%	to	30.83%
American Century VP Growth Fund
	2017	4,847		$20.200979	to	$20.200979	$97,907	0.65	%	to	0.65%	0.63	%	to	0.63%	29.38	%	to	29.38%
	2016	5,234		$15.613557	to	$15.613557	$81,729	0.65	%	to	0.65%	—	%	to	—%	3.52	%	to	3.52%
	2015	5,349		$15.082330	to	$15.082330	$80,675	0.65	%	to	0.65%	0.32	%	to	0.32%	3.87	%	to	3.87%
	2014	5,698		$14.519721	to	$14.519721	$82,740	0.65	%	to	0.65%	0.22	%	to	0.22%	10.35	%	to	10.35%
	2013	6,404		$13.158033	to	$13.158033	$84,260	0.65	%	to	0.65%	0.32	%	to	0.32%	28.09	%	to	28.09%
AB VPS Balanced Wealth Strategy Portfolio
	2017	282,012		$18.929797	to	$21.039797	$4,424,886	0.50	%	to	2.70%	1.82	%	to	1.82%	12.54	%	to	15.05%
	2016	320,168		$16.819960	to	$18.288255	$4,357,815	0.50	%	to	2.70%	1.81	%	to	1.82%	1.66	%	to	3.92%
	2015	374,626		$16.545243	to	$17.598041	$4,904,242	0.50	%	to	2.70%	1.08	%	to	1.98%	(1.40	)%	to	0.79%
	2014	429,246		$16.781011	to	$17.460347	$5,609,903	0.50	%	to	2.70%	1.94	%	to	2.40%	4.26	%	to	6.58%
	2013	483,738		$16.095837	to	$16.383105	$5,959,909	0.50	%	to	2.70%	2.24	%	to	2.25%	13.18	%	to	15.69%
AB VPS International Value Portfolio
	2017	575,458		$15.643661	to	$16.752424	$4,943,871	0.50	%	to	2.70%	2.02	%	to	2.24%	21.76	%	to	24.47%
	2016	694,415		$12.847489	to	$13.458962	$4,843,999	0.50	%	to	2.70%	1.09	%	to	1.16%	(3.44	)%	to	(1.29)%
	2015	838,191		$13.305686	to	$13.635361	$5,971,620	0.50	%	to	2.70%	1.80	%	to	2.31%	(0.33	)%	to	1.89%
	2014	943,230		$7.256387	to	$13.349315	$6,632,784	0.85	%	to	2.70%	3.18	%	to	3.34%	(8.95	)%	to	(7.25)%
	2013	1,010,778		$7.823764	to	$14.661951	$7,711,067	0.85	%	to	2.70%	5.69	%	to	5.85%	19.46	%	to	21.69%
AB VPS Small/Mid Cap Value Portfolio
	2017	79,290		$33.180411	to	$34.562643	$1,891,389	0.50	%	to	2.75%	0.24	%	to	0.25%	9.79	%	to	12.29%
	2016	96,375		$30.221710	to	$30.780680	$2,065,868	0.50	%	to	2.75%	0.36	%	to	0.36%	21.41	%	to	24.17%
	2015	89,305		$24.789138	to	$24.892381	$1,563,766	0.50	%	to	2.75%	0.52	%	to	0.52%	(8.25	)%	to	(6.16)%
	2014	104,471		$26.417593	to	$27.131691	$1,958,260	0.50	%	to	2.75%	0.46	%	to	0.47%	5.99	%	to	8.40%
	2013	160,517		$24.369798	to	$25.663136	$2,785,675	0.50	%	to	2.70%	0.41	%	to	0.42%	33.97	%	to	36.95%
AB VPS Value Portfolio
	2017	16,000		$13.516541	to	$15.208808	$238,336	1.25	%	to	2.45%	1.12	%	to	1.14%	10.55	%	to	11.89%
	2016	18,074		$12.226389	to	$13.593127	$241,028	1.25	%	to	2.45%	1.45	%	to	1.45%	8.60	%	to	9.91%
	2015	20,373		$11.258625	to	$12.367875	$247,525	1.25	%	to	2.45%	1.84	%	to	1.91%	(9.42	)%	to	(8.32)%
	2014	31,224		$12.429218	to	$13.490786	$412,812	1.25	%	to	2.45%	1.12	%	to	1.56%	8.09	%	to	9.40%
	2013	30,135		$11.498544	to	$12.331802	$366,054	1.25	%	to	2.45%	2.22	%	to	2.24%	33.19	%	to	34.80%
AB VPS International Growth Portfolio
	2017	59,347		$10.109732	to	$17.450543	$611,154	1.25	%	to	2.70%	0.87	%	to	0.95%	31.05	%	to	32.96%
	2016	69,760		$7.603435	to	$13.315844	$541,877	1.25	%	to	2.70%	—	%	to	—%	(9.55	)%	to	(8.22)%
	2015	81,034		$8.284833	to	$14.721312	$685,378	1.25	%	to	2.70%	0.06	%	to	0.06%	(4.78	)%	to	(3.39)%
	2014	92,219		$8.575540	to	$15.460592	$805,146	1.25	%	to	2.70%	—	%	to	—%	(4.04	)%	to	(2.64)%
	2013	145,870		$8.808059	to	$16.111731	$1,288,825	1.25	%	to	2.70%	0.60	%	to	0.71%	10.30	%	to	11.91%
Invesco V.I. Value Opportunities Fund
	2017	8,398,891		$2.196079	to	$25.756336	$15,999,970	0.85	%	to	2.80%	0.40	%	to	0.40%	14.20	%	to	16.44%
	2016	9,847,169		$1.885957	to	$22.554491	$16,246,582	0.85	%	to	2.80%	0.39	%	to	0.41%	15.07	%	to	17.33%
	2015	11,289,971		$1.607345	to	$19.600856	$16,023,213	0.85	%	to	2.80%	2.56	%	to	2.70%	(12.88	)%	to	(11.16)%
	2014	13,353,650		$1.809334	to	$22.498793	$21,512,109	0.85	%	to	2.80%	1.41	%	to	1.47%	3.68	%	to	5.72%
	2013	17,709,099		$1.711493	to	$21.756431	$27,217,711	0.85	%	to	2.75%	0.98	%	to	1.49%	30.13	%	to	32.62%
Invesco V.I. Core Equity Fund
	2017	1,840,303		$20.884186	to	$23.263545	$30,798,707	0.50	%	to	2.75%	0.80	%	to	1.04%	10.11	%	to	12.31%
	2016	2,102,473		$18.967298	to	$21.026178	$31,902,428	0.30	%	to	2.75%	—	%	to	0.79%	7.27	%	to	9.69%
	2015	2,557,382		$17.681405	to	$19.168832	$35,916,480	0.30	%	to	2.75%	—	%	to	0.93%	(8.33	)%	to	(6.28)%
	2014	3,037,572		$19.287606	to	$20.230349	$45,804,800	0.50	%	to	2.75%	0.67	%	to	1.01%	5.21	%	to	7.31%
	2013	3,883,837		$18.331860	to	$18.852457	$54,978,053	0.50	%	to	2.75%	1.25	%	to	2.12%	25.75	%	to	28.29%
Invesco V.I. Government Securities Fund
	2017	65,970,861		$1.503200	to	$9.824279	$87,071,468	0.85	%	to	2.80%	2.10	%	to	2.12%	(0.86	)%	to	1.09%
	2016	72,236,130		$1.486940	to	$9.909381	$95,179,434	0.85	%	to	2.80%	1.89	%	to	1.95%	(1.57	)%	to	0.37%
	2015	81,385,877		$1.481433	to	$10.067115	$107,843,967	0.85	%	to	2.80%	1.40	%	to	2.28%	(2.43	)%	to	(0.50)%
	2014	103,274,459		$1.488940	to	$10.317394	$139,060,173	0.85	%	to	2.80%	3.16	%	to	3.23%	1.26	%	to	3.26%
	2013	126,681,678		$1.441994	to	$10.188828	$166,630,318	0.85	%	to	2.80%	4.01	%	to	5.85%	(5.31	)%	to	(3.45)%
Invesco V.I. High Yield Fund
	2017	127,229		$2.107655	to	$21.085280	$508,937	1.70	%	to	2.75%	3.98	%	to	4.07%	3.42	%	to	4.51%
	2016	165,289		$2.016745	to	$20.388679	$580,337	1.70	%	to	2.75%	4.06	%	to	4.20%	8.20	%	to	9.34%
	2015	285,060		$1.844510	to	$18.844144	$700,922	1.70	%	to	2.75%	0.31	%	to	5.36%	(5.79	)%	to	(4.80)%
	2014	359,934		$1.937487	to	$20.003014	$926,477	1.70	%	to	2.75%	4.00	%	to	4.63%	(1.03	)%	to	0.01%
	2013	496,894		$1.937261	to	$20.211788	$1,200,328	1.70	%	to	2.75%	4.05	%	to	5.05%	4.11	%	to	5.20%
Invesco V.I. International Growth Fund
	2017	9,693,455		$19.425716	to	$20.221611	$34,441,109	0.30	%	to	2.80%	—	%	to	1.44%	19.61	%	to	22.36%
	2016	11,461,762		$16.241116	to	$16.526576	$34,208,224	0.30	%	to	2.80%	—	%	to	1.42%	(3.20	)%	to	(0.99)%
	2015	13,508,242		$16.476877	to	$16.778451	$40,865,876	0.50	%	to	2.80%	1.33	%	to	1.49%	(5.04	)%	to	(3.10)%
	2014	16,785,585		$17.192346	to	$17.669116	$51,365,321	0.30	%	to	2.80%	1.38	%	to	1.56%	(2.44	)%	to	(0.21)%
	2013	20,743,931		$17.228480	to	$18.110799	$62,425,737	0.30	%	to	2.80%	—	%	to	1.24%	15.73	%	to	18.36%
Invesco V.I. Mid Cap Core Equity Fund
	2017	11,917,687		$20.685989	to	$22.473592	$32,149,013	0.65	%	to	2.80%	0.32	%	to	0.53%	11.75	%	to	13.91%
	2016	13,755,618		$18.511422	to	$20.254163	$32,861,252	0.30	%	to	2.80%	—	%	to	0.08%	10.30	%	to	12.82%
	2015	15,879,793		$16.782407	to	$17.952080	$34,142,445	0.30	%	to	2.80%	—	%	to	0.35%	(6.68	)%	to	(4.57)%
	2014	19,409,413		$17.983581	to	$18.605354	$44,250,479	0.50	%	to	2.80%	—	%	to	0.04%	1.55	%	to	3.65%
	2013	24,198,821		$17.754014	to	$17.950074	$53,794,965	0.50	%	to	2.75%	0.51	%	to	0.72%	25.32	%	to	27.82%
Invesco V.I. Small Cap Equity Fund
	2017	933,454		$24.335556	to	$27.508052	$22,532,980	0.30	%	to	2.80%	—	%	to	—%	10.91	%	to	13.39%
	2016	1,082,645		$21.942004	to	$24.260672	$23,354,664	0.30	%	to	2.80%	—	%	to	—%	8.97	%	to	11.50%
	2015	1,275,427		$20.135646	to	$21.757791	$25,063,705	0.30	%	to	2.80%	—	%	to	—%	(8.13	)%	to	(6.02)%
	2014	1,560,844		$21.917230	to	$22.898847	$33,214,501	0.50	%	to	2.80%	—	%	to	—%	(0.47	)%	to	1.58%
	2013	1,874,297		$22.019679	to	$22.543528	$39,908,287	0.50	%	to	2.80%	—	%	to	0.01%	33.68	%	to	36.40%
Invesco V.I. Balanced Risk Allocation Fund
	2017	109,910		$13.062314	to	$14.861220	$1,531,700	0.50	%	to	2.40%	3.88	%	to	4.13%	7.23	%	to	9.28%
	2016	144,195		$12.181854	to	$13.598736	$1,847,282	0.50	%	to	2.40%	0.15	%	to	0.18%	8.87	%	to	10.96%
	2015	182,225		$11.189212	to	$12.255624	$2,128,861	0.50	%	to	2.40%	3.89	%	to	3.93%	(6.67	)%	to	(4.88)%
	2014	243,094		$11.853050	to	$12.883948	$3,014,688	0.50	%	to	2.70%	—	%	to	—%	2.89	%	to	5.18%
	2013	369,128		$11.519666	to	$12.249085	$4,386,691	0.50	%	to	2.70%	1.37	%	to	1.50%	(1.28	)%	to	0.91%
Invesco V.I. Diversified Dividend Fund
	2017	394		$19.204376	to	$19.204376	$7,564	1.70	%	to	1.70%	1.50	%	to	1.50%	6.52	%	to	6.52%
	2016	424		$18.028771	to	$18.028771	$7,639	1.70	%	to	1.70%	1.15	%	to	1.15%	12.61	%	to	12.61%
	2015	456		$16.010378	to	$16.010378	$7,294	1.70	%	to	1.70%	1.51	%	to	1.51%	0.10	%	to	0.10%
	2014	487		$15.994424	to	$15.994424	$7,792	1.70	%	to	1.70%	1.51	%	to	1.51%	10.64	%	to	10.64%
	2013	520		$14.456478	to	$14.456478	$7,517	1.70	%	to	1.70%	2.11	%	to	2.11%	28.56	%	to	28.56%
Invesco V.I. Government Money Market Fund
	2017	5,269,921		$8.876326	to	$9.901669	$49,089,284	0.30	%	to	2.75%	0.30	%	to	0.64%	(2.16	)%	to	0.01%
	2016	5,971,300		$9.072730	to	$9.900264	$56,196,085	0.30	%	to	2.75%	0.02	%	to	0.09%	(2.62	)%	to	(0.27)%
	2015	5,557,239		$9.328886	to	$9.875737	$53,237,584	0.50	%	to	2.70%	0.01	%	to	0.01%	(2.65	)%	to	(0.49)%
	2014	6,011,140		$9.575557	to	$9.924169	$58,575,866	0.50	%	to	2.75%	0.01	%	to	0.01%	(2.70	)%	to	(0.49)%
	2013	2,143,849		$9.844166	to	$9.963797	$21,229,172	0.65	%	to	2.70%	—	%	to	—%	(1.56	)%	to	(0.36)%
American Century VP Mid Cap Value Fund
	2017	6,844		$20.941448	to	$22.362747	$151,362	0.50	%	to	1.45%	1.40	%	to	1.40%	9.86	%	to	10.91%
	2016	7,027		$19.061376	to	$20.162741	$140,836	0.50	%	to	1.45%	1.55	%	to	1.57%	20.95	%	to	22.11%
	2015	7,844		$15.759549	to	$16.512615	$128,925	0.50	%	to	1.45%	1.50	%	to	1.51%	(3.00	)%	to	(2.07)%
	2014	7,251		$16.246439	to	$16.861730	$121,938	0.50	%	to	1.45%	1.04	%	to	1.04%	14.57	%	to	15.66%
	2013	5,120		$14.180887	to	$14.578868	$74,713	0.50	%	to	1.45%	0.92	%	to	1.06%	28.03	%	to	29.25%
American Funds Global Bond Fund
	2017	2,099,339		$9.998043	to	$11.113629	$25,833,116	0.50	%	to	2.75%	0.36	%	to	0.42%	(0.02	)%	to	3.96%
	2016	2,046,112		$10.690698	to	$13.232531	$24,561,109	0.85	%	to	2.75%	0.55	%	to	0.56%	(0.07	)%	to	1.85%
	2015	2,367,140		$10.698377	to	$12.992812	$28,150,075	0.85	%	to	2.75%	0.06	%	to	0.06%	(6.67	)%	to	(4.88)%
	2014	3,130,737		$11.462756	to	$13.659029	$39,592,692	0.85	%	to	2.75%	0.97	%	to	1.39%	(1.36	)%	to	0.53%
	2013	3,877,209		$11.620917	to	$13.586871	$49,307,481	0.85	%	to	2.75%	—	%	to	—%	(5.22	)%	to	(3.40)%
American Funds Global Growth and Income Fund
	2017	3,146,861		$10.670657	to	$24.762218	$51,339,431	0.50	%	to	2.80%	1.83	%	to	2.10%	6.71	%	to	22.59%
	2016	2,780,558		$15.982931	to	$20.199758	$40,552,639	0.85	%	to	2.80%	1.79	%	to	1.85%	4.38	%	to	6.44%
	2015	3,275,195		$15.016349	to	$19.351769	$45,245,756	0.85	%	to	2.80%	1.74	%	to	1.93%	(4.07	)%	to	(2.18)%
	2014	4,010,516		$15.350420	to	$20.172002	$57,173,603	0.85	%	to	2.80%	3.12	%	to	3.55%	2.72	%	to	4.75%
	2013	5,126,259		$14.654969	to	$19.637414	$70,429,149	0.85	%	to	2.80%	2.92	%	to	3.31%	19.15	%	to	21.50%
American Funds Asset Allocation Fund
	2017	7,490,631		$10.469884	to	$22.139871	$159,190,876	0.50	%	to	2.75%	1.06	%	to	1.67%	4.70	%	to	13.08%
	2016	7,474,934		$19.579122	to	$24.149417	$148,582,358	0.85	%	to	2.75%	1.52	%	to	1.60%	6.44	%	to	8.48%
	2015	8,515,745		$18.394082	to	$22.260837	$157,779,281	0.85	%	to	2.75%	1.30	%	to	1.75%	(1.35	)%	to	0.54%
	2014	10,326,749		$18.646081	to	$22.141052	$192,713,621	0.85	%	to	2.75%	1.46	%	to	1.92%	2.54	%	to	4.50%
	2013	12,666,696		$18.184798	to	$21.186874	$228,180,458	0.85	%	to	2.75%	1.51	%	to	1.57%	20.34	%	to	22.64%
American Funds Blue Chip Income and Growth Fund
	2017	39,821,581		$10.915463	to	$27.019907	$89,031,387	0.50	%	to	2.80%	0.33	%	to	1.53%	9.15	%	to	13.81%
	2016	45,421,296		$2.104686	to	$23.741193	$84,142,065	0.85	%	to	2.80%	1.93	%	to	1.99%	15.42	%	to	17.70%
	2015	49,103,056		$1.788240	to	$20.568725	$78,142,230	0.85	%	to	2.80%	1.53	%	to	1.79%	(5.61	)%	to	(3.75)%
	2014	60,912,481		$1.857941	to	$21.857895	$101,517,836	0.85	%	to	2.75%	2.78	%	to	2.96%	12.23	%	to	14.38%
	2013	69,658,343		$1.624298	to	$19.475651	$102,679,347	0.85	%	to	2.75%	1.68	%	to	2.47%	29.39	%	to	31.88%
American Funds Bond Fund
	2017	9,499,220		$10.029764	to	$11.935949	$136,569,462	0.50	%	to	2.75%	1.43	%	to	1.87%	0.30	%	to	0.85%
	2016	8,048,993		$11.835007	to	$17.669273	$123,541,317	0.85	%	to	2.75%	1.66	%	to	1.69%	0.15	%	to	2.07%
	2015	9,383,611		$11.817054	to	$17.310440	$142,174,433	0.85	%	to	2.75%	1.59	%	to	1.88%	(2.45	)%	to	(0.57)%
	2014	11,634,548		$12.113335	to	$17.410454	$178,617,269	0.85	%	to	2.75%	1.80	%	to	2.03%	2.42	%	to	4.39%
	2013	14,571,483		$11.826830	to	$16.678760	$216,722,358	0.85	%	to	2.75%	1.46	%	to	1.94%	(4.81	)%	to	(2.99)%
American Funds Global Growth Fund
	2017	2,135,003		$10.690165	to	$27.374033	$52,725,970	0.50	%	to	2.80%	0.48	%	to	0.63%	6.90	%	to	27.84%
	2016	2,112,043		$21.412322	to	$26.031439	$43,944,517	0.85	%	to	2.80%	0.89	%	to	0.90%	(2.16	)%	to	(0.23)%
	2015	2,627,979		$21.884394	to	$26.091635	$55,461,338	0.85	%	to	2.80%	0.78	%	to	0.91%	3.98	%	to	6.03%
	2014	2,924,223		$21.110174	to	$24.607358	$58,852,611	0.85	%	to	2.75%	1.01	%	to	1.08%	(0.46	)%	to	1.45%
	2013	3,614,598		$21.208236	to	$24.256306	$72,622,692	0.85	%	to	2.75%	1.21	%	to	1.24%	25.68	%	to	28.08%
American Funds Growth Fund
	2017	20,385,830		$10.726522	to	$31.745880	$447,865,308	0.30	%	to	2.80%	0.24	%	to	0.53%	7.27	%	to	24.75%
	2016	19,010,681		$25.447295	to	$26.911796	$375,951,324	0.85	%	to	2.80%	0.77	%	to	0.77%	6.47	%	to	8.56%
	2015	22,437,783		$23.902017	to	$24.789585	$412,477,546	0.85	%	to	2.80%	0.58	%	to	0.62%	3.91	%	to	5.95%
	2014	27,579,415		$23.003194	to	$23.396621	$483,527,481	0.85	%	to	2.80%	0.77	%	to	0.80%	5.51	%	to	7.59%
	2013	34,857,073		$21.745969	to	$21.801334	$573,773,764	0.85	%	to	2.80%	0.93	%	to	1.31%	26.51	%	to	29.00%
American Funds Growth-Income Fund
	2017	15,778,593		$10.823191	to	$27.525937	$372,003,192	0.50	%	to	2.80%	1.02	%	to	1.40%	8.23	%	to	19.00%
	2016	15,641,611		$23.130093	to	$26.765509	$337,129,140	0.85	%	to	2.80%	1.47	%	to	1.47%	8.44	%	to	10.58%
	2015	18,478,884		$21.329406	to	$24.205306	$363,762,709	0.85	%	to	2.80%	1.29	%	to	1.34%	(1.35	)%	to	0.60%
	2014	22,806,694		$21.620632	to	$24.061873	$451,289,950	0.85	%	to	2.80%	1.21	%	to	1.29%	7.58	%	to	9.70%
	2013	29,071,667		$20.097293	to	$21.934620	$530,508,380	0.85	%	to	2.80%	1.31	%	to	1.99%	29.82	%	to	32.37%
American Funds International Fund
	2017	6,885,084		$10.720462	to	$20.217781	$110,844,370	0.30	%	to	2.75%	0.92	%	to	1.38%	7.20	%	to	28.56%
	2016	5,036,124		$15.725893	to	$18.277357	$75,344,612	0.85	%	to	2.75%	1.37	%	to	1.40%	0.72	%	to	2.66%
	2015	5,871,064		$15.612853	to	$17.804513	$86,358,475	0.85	%	to	2.75%	1.41	%	to	1.51%	(7.12	)%	to	(5.33)%
	2014	7,146,466		$16.809166	to	$18.807754	$112,288,213	0.85	%	to	2.75%	0.96	%	to	1.40%	(5.29	)%	to	(3.48)%
	2013	8,831,097		$17.748858	to	$19.485261	$145,297,514	0.85	%	to	2.75%	1.41	%	to	1.58%	18.34	%	to	20.61%
American Funds New World Fund
	2017	1,413,979		$10.879165	to	$19.823120	$36,479,742	0.30	%	to	2.75%	0.61	%	to	0.95%	8.79	%	to	25.94%
	2016	1,145,166		$15.740655	to	$30.807302	$28,455,125	0.85	%	to	2.75%	0.75	%	to	0.76%	2.40	%	to	4.37%
	2015	1,334,259		$15.371349	to	$29.518402	$32,198,956	0.85	%	to	2.75%	0.54	%	to	0.56%	(5.77	)%	to	(3.96)%
	2014	1,699,674		$16.313049	to	$30.736786	$43,223,699	0.85	%	to	2.75%	0.88	%	to	0.89%	(10.37	)%	to	(8.65)%
	2013	2,085,846		$18.200673	to	$33.647551	$58,781,086	0.85	%	to	2.75%	1.22	%	to	1.52%	8.36	%	to	10.44%
American Funds Global Small Capitalization Fund
	2017	1,850,115		$10.901655	to	$26.205876	$39,665,965	0.30	%	to	2.80%	0.03	%	to	0.43%	9.02	%	to	22.42%
	2016	1,446,887		$21.406541	to	$26.421449	$31,146,908	0.85	%	to	2.80%	0.24	%	to	0.24%	(0.72	)%	to	1.23%
	2015	1,736,645		$21.561959	to	$26.099351	$37,224,562	0.85	%	to	2.80%	—	%	to	—%	(2.50	)%	to	(0.58)%
	2014	2,095,226		$22.183189	to	$26.252305	$45,635,913	0.85	%	to	2.75%	0.11	%	to	0.11%	(0.65	)%	to	1.26%
	2013	2,693,415		$22.327880	to	$25.926040	$58,725,046	0.85	%	to	2.75%	0.83	%	to	0.90%	24.80	%	to	27.19%
Columbia Variable Portfolio - Small Company Growth Fund
	2017	1,550,710		$2.339489	to	$28.300855	$4,816,533	1.70	%	to	2.80%	—	%	to	—%	25.68	%	to	27.07%
	2016	1,854,763		$1.841082	to	$22.517686	$4,334,457	1.70	%	to	2.80%	—	%	to	—%	9.63	%	to	10.84%
	2015	2,111,620		$1.660979	to	$20.539478	$4,404,444	1.70	%	to	2.80%	—	%	to	—%	0.96	%	to	2.07%
	2014	2,612,599		$1.627215	to	$20.344567	$5,125,430	1.70	%	to	2.80%	—	%	to	—%	(7.27	)%	to	(6.25)%
	2013	3,000,847		$1.735616	to	$21.939930	$6,289,041	1.70	%	to	2.80%	0.11	%	to	0.11%	36.60	%	to	38.11%
Wells Fargo VT Omega Growth Fund
	2017	280,899		$28.695211	to	$32.997419	$592,593	1.25	%	to	2.75%	0.23	%	to	0.24%	31.29	%	to	33.28%
	2016	410,201		$21.530599	to	$25.132315	$658,776	1.25	%	to	2.75%	—	%	to	—%	(1.97	)%	to	(0.49)%
	2015	535,224		$21.635741	to	$25.636925	$866,603	1.25	%	to	2.75%	—	%	to	—%	(1.14	)%	to	0.36%
	2014	571,930		$21.558414	to	$25.931447	$933,625	1.25	%	to	2.75%	—	%	to	—%	1.26	%	to	2.79%
	2013	774,332		$1.193034	to	$20.972250	$1,224,790	1.25	%	to	2.50%	0.19	%	to	0.40%	36.76	%	to	38.48%
Fidelity® VIP Growth Portfolio
	2017	86,555		$20.773564	to	$31.328356	$1,814,724	1.25	%	to	2.70%	—	%	to	0.08%	31.23	%	to	33.14%
	2016	110,327		$15.602567	to	$23.873316	$1,750,447	1.25	%	to	2.70%	—	%	to	—%	(2.13	)%	to	(0.70)%
	2015	112,585		$15.712413	to	$24.392581	$1,819,855	1.25	%	to	2.70%	0.03	%	to	0.03%	4.06	%	to	5.58%
	2014	142,057		$14.882518	to	$23.874181	$2,099,970	1.25	%	to	2.40%	—	%	to	—%	8.38	%	to	9.63%
	2013	76,817		$13.574728	to	$22.028133	$1,151,416	1.25	%	to	2.40%	0.05	%	to	0.12%	32.78	%	to	34.31%
Fidelity® VIP Contrafund® Portfolio
	2017	725,286		$27.420725	to	$30.342536	$14,891,376	0.50	%	to	2.75%	0.76	%	to	0.78%	18.29	%	to	20.98%
	2016	900,107		$23.180801	to	$25.080544	$15,545,759	0.50	%	to	2.75%	0.56	%	to	0.63%	4.81	%	to	7.19%
	2015	1,148,684		$22.117416	to	$23.397616	$18,538,795	0.50	%	to	2.75%	0.80	%	to	0.82%	(2.31	)%	to	(0.09)%
	2014	1,393,601		$22.640127	to	$23.417586	$22,723,243	0.50	%	to	2.75%	0.73	%	to	0.84%	8.63	%	to	11.10%
	2013	1,636,395		$20.895412	to	$21.078399	$24,630,367	0.50	%	to	2.70%	0.85	%	to	0.86%	27.47	%	to	30.30%
Fidelity® VIP Mid Cap Portfolio
	2017	619,332		$28.875414	to	$29.398935	$12,575,578	0.50	%	to	2.70%	0.48	%	to	0.49%	17.33	%	to	19.94%
	2016	778,627		$24.512368	to	$24.611032	$13,298,984	0.50	%	to	2.70%	0.32	%	to	0.32%	8.94	%	to	11.36%
	2015	938,115		$22.010852	to	$22.591009	$14,496,070	0.50	%	to	2.70%	0.24	%	to	0.26%	(4.25	)%	to	(2.12)%
	2014	1,096,983		$22.487394	to	$23.593679	$17,404,971	0.50	%	to	2.70%	0.02	%	to	0.02%	3.21	%	to	5.50%
	2013	1,201,597		$21.314452	to	$22.860601	$18,323,229	0.50	%	to	2.70%	0.20	%	to	0.32%	32.25	%	to	35.19%
Fidelity® VIP Value Strategies Portfolio
	2017	31,607		$19.164009	to	$33.606969	$656,856	1.25	%	to	2.75%	1.24	%	to	1.30%	15.86	%	to	17.61%
	2016	32,475		$16.295090	to	$29.007446	$581,883	1.25	%	to	2.75%	0.82	%	to	0.93%	6.31	%	to	7.91%
	2015	41,242		$15.099990	to	$27.286308	$657,526	1.25	%	to	2.75%	0.86	%	to	0.88%	(5.82	)%	to	(4.39)%
	2014	48,293		$15.793821	to	$28.971599	$807,560	1.25	%	to	2.75%	0.70	%	to	0.80%	3.62	%	to	5.19%
	2013	94,871		$15.014580	to	$28.029835	$1,454,040	1.25	%	to	2.70%	0.68	%	to	0.70%	26.72	%	to	28.57%
Fidelity® VIP Dynamic Capital Appreciation Portfolio
	2017	12,674		$21.356064	to	$31.730615	$274,613	1.25	%	to	2.40%	0.44	%	to	0.47%	20.57	%	to	21.97%
	2016	17,768		$17.509591	to	$26.316250	$337,303	1.25	%	to	2.40%	0.81	%	to	1.08%	0.22	%	to	1.38%
	2015	21,840		$17.270582	to	$26.257268	$388,822	1.25	%	to	2.40%	0.51	%	to	0.99%	(1.37	)%	to	(0.23)%
	2014	33,313		$17.310494	to	$26.622433	$560,600	1.25	%	to	2.40%	0.23	%	to	0.24%	8.04	%	to	9.28%
	2013	60,536		$15.839793	to	$24.768200	$932,859	1.25	%	to	2.30%	0.12	%	to	0.13%	35.11	%	to	36.54%
Fidelity® VIP Strategic Income Portfolio
	2017	7,473		$15.814675	to	$16.017684	$118,687	0.50	%	to	0.65%	2.95	%	to	3.05%	6.85	%	to	7.01%
	2016	7,390		$11.555892	to	$14.968580	$109,810	0.50	%	to	1.45%	—	%	to	3.40%	6.46	%	to	7.48%
	2015	9,535		$10.854415	to	$13.927036	$126,048	0.50	%	to	1.45%	2.57	%	to	2.61%	(3.35	)%	to	(2.42)%
	2014	9,676		$11.230376	to	$14.273150	$131,512	0.50	%	to	1.45%	2.85	%	to	2.87%	1.89	%	to	2.86%
	2013	7,170		$13.783094	to	$13.876518	$99,079	0.50	%	to	0.65%	3.75	%	to	5.45%	(0.61	)%	to	(0.46)%
Franklin Rising Dividends VIP Fund
	2017	5,735,871		$25.807302	to	$30.570925	$164,155,125	0.50	%	to	2.80%	1.48	%	to	1.53%	17.23	%	to	19.80%
	2016	6,764,063		$22.014024	to	$25.517537	$163,348,929	0.50	%	to	2.80%	1.35	%	to	1.37%	12.84	%	to	15.36%
	2015	7,759,455		$19.509293	to	$22.120594	$164,590,602	0.50	%	to	2.80%	1.42	%	to	1.62%	(6.31	)%	to	(4.23)%
	2014	9,679,042		$20.822970	to	$23.097903	$217,207,566	0.50	%	to	2.80%	1.29	%	to	1.32%	5.72	%	to	8.08%
	2013	12,257,980		$19.696171	to	$21.371913	$258,059,095	0.50	%	to	2.80%	1.35	%	to	1.52%	26.11	%	to	28.93%
Franklin Income VIP Fund
	2017	15,375,955		$20.285231	to	$20.543598	$333,343,316	0.50	%	to	2.80%	3.86	%	to	4.09%	6.65	%	to	9.00%
	2016	18,020,246		$18.846757	to	$19.021188	$362,542,937	0.50	%	to	2.80%	4.81	%	to	4.99%	10.88	%	to	13.30%
	2015	21,626,662		$16.634234	to	$17.155407	$388,173,394	0.50	%	to	2.80%	4.52	%	to	4.62%	(9.62	)%	to	(7.61)%
	2014	26,930,252		$18.004152	to	$18.981745	$531,422,802	0.50	%	to	2.80%	4.69	%	to	4.86%	1.73	%	to	4.00%
	2013	33,417,486		$17.311532	to	$18.659483	$645,762,006	0.50	%	to	2.80%	6.12	%	to	6.19%	10.80	%	to	13.29%
Franklin Large Cap Growth VIP Fund
	2017	1,145,388		$22.282173	to	$24.293354	$23,627,681	1.35	%	to	2.80%	0.62	%	to	0.62%	24.57	%	to	26.39%
	2016	1,308,833		$17.629724	to	$19.501475	$21,434,368	1.35	%	to	2.80%	—	%	to	—%	(4.50	)%	to	(3.11)%
	2015	1,633,041		$18.195479	to	$20.421344	$27,760,346	1.35	%	to	2.80%	—	%	to	0.27%	2.71	%	to	4.21%
	2014	1,930,654		$17.460819	to	$19.943740	$31,676,912	1.35	%	to	2.75%	1.01	%	to	1.09%	9.41	%	to	10.95%
	2013	2,354,613		$15.737151	to	$18.228395	$35,049,205	1.35	%	to	2.75%	1.08	%	to	1.09%	25.15	%	to	26.91%
Franklin Global Real Estate VIP Fund
	2017	33,022		$19.596544	to	$25.300343	$811,965	1.40	%	to	2.40%	3.02	%	to	3.13%	7.85	%	to	8.94%
	2016	37,743		$18.169348	to	$23.224410	$855,299	1.40	%	to	2.40%	1.22	%	to	1.23%	(1.84	)%	to	(0.86)%
	2015	37,567		$18.510266	to	$23.424914	$857,471	1.40	%	to	2.40%	3.07	%	to	3.24%	(1.81	)%	to	(0.83)%
	2014	48,438		$18.852137	to	$23.620092	$1,114,608	1.40	%	to	2.40%	0.44	%	to	0.46%	12.28	%	to	13.41%
	2013	56,616		$16.789715	to	$20.826823	$1,153,745	1.40	%	to	2.40%	4.38	%	to	4.65%	(0.11	)%	to	0.90%
Franklin Small-Mid Cap Growth VIP Fund
	2017	2,552,501		$27.599807	to	$29.331498	$47,720,881	0.50	%	to	2.80%	—	%	to	—%	18.05	%	to	20.70%
	2016	2,904,627		$23.380067	to	$24.301278	$45,772,218	0.50	%	to	2.80%	—	%	to	—%	1.29	%	to	3.52%
	2015	3,367,710		$23.081525	to	$23.475745	$52,059,671	0.50	%	to	2.80%	—	%	to	—%	(5.35	)%	to	(3.25)%
	2014	4,136,936		$22.406751	to	$24.385128	$67,441,297	0.85	%	to	2.80%	—	%	to	—%	4.50	%	to	6.56%
	2013	5,125,090		$21.026849	to	$23.334129	$79,345,282	0.85	%	to	2.80%	—	%	to	—%	34.34	%	to	36.99%
Franklin Small Cap Value VIP Fund
	2017	644,831		$28.621801	to	$32.012289	$12,167,564	0.30	%	to	2.75%	—	%	to	0.52%	7.65	%	to	10.23%
	2016	853,643		$26.587670	to	$29.040831	$14,743,972	0.30	%	to	2.75%	—	%	to	0.78%	26.66	%	to	29.73%
	2015	876,888		$20.991766	to	$22.385491	$11,919,792	0.30	%	to	2.75%	—	%	to	0.69%	(9.90	)%	to	(7.80)%
	2014	1,107,452		$23.298291	to	$24.012610	$16,455,234	0.50	%	to	2.75%	0.48	%	to	0.66%	(2.16	)%	to	(0.02)%
	2013	1,390,083		$23.812141	to	$24.018165	$20,748,049	0.50	%	to	2.75%	1.16	%	to	1.32%	32.54	%	to	35.44%
Franklin Strategic Income VIP Fund
	2017	5,125,664		$15.357547	to	$15.538835	$100,756,200	0.50	%	to	2.80%	2.70	%	to	3.01%	1.85	%	to	3.94%
	2016	5,658,488		$14.949678	to	$15.079310	$108,493,198	0.50	%	to	2.80%	3.24	%	to	3.63%	5.26	%	to	7.33%
	2015	6,821,524		$13.929325	to	$14.325250	$122,914,593	0.50	%	to	2.80%	6.30	%	to	6.57%	(6.28	)%	to	(4.45)%
	2014	8,389,084		$14.578740	to	$15.285334	$161,317,982	0.50	%	to	2.80%	5.79	%	to	5.93%	(0.70	)%	to	1.25%
	2013	10,225,598		$14.399450	to	$15.392925	$198,652,045	0.50	%	to	2.80%	5.42	%	to	5.80%	0.66	%	to	2.65%
Franklin Mutual Shares VIP Fund
	2017	8,326,615		$20.882885	to	$24.016641	$189,034,255	0.30	%	to	2.80%	—	%	to	2.27%	5.36	%	to	7.93%
	2016	9,730,034		$19.821188	to	$22.252692	$207,416,296	0.30	%	to	2.80%	—	%	to	1.99%	12.85	%	to	15.59%
	2015	11,800,382		$17.563602	to	$19.250716	$219,877,316	0.30	%	to	2.80%	—	%	to	3.08%	(7.56	)%	to	(5.33)%
	2014	14,365,304		$19.000464	to	$20.112965	$287,959,094	0.50	%	to	2.80%	1.82	%	to	1.99%	4.16	%	to	6.51%
	2013	17,906,901		$18.240897	to	$18.883899	$343,836,287	0.50	%	to	2.80%	2.02	%	to	2.07%	24.72	%	to	27.41%
Templeton Developing Markets VIP Fund
	2017	819,480		$19.314424	to	$31.742262	$18,327,910	0.85	%	to	2.75%	1.11	%	to	1.22%	36.84	%	to	39.46%
	2016	920,120		$14.114481	to	$22.760523	$14,913,656	0.85	%	to	2.75%	1.11	%	to	1.14%	14.60	%	to	16.80%
	2015	1,065,421		$12.316326	to	$19.487393	$14,902,292	0.85	%	to	2.75%	1.36	%	to	2.40%	(21.61	)%	to	(20.11)%
	2014	1,327,897		$15.711905	to	$24.391339	$23,637,941	0.85	%	to	2.75%	1.80	%	to	1.97%	(10.58	)%	to	(8.87)%
	2013	1,694,600		$17.571473	to	$26.764414	$34,141,312	0.85	%	to	2.75%	1.69	%	to	1.92%	(3.43	)%	to	(1.58)%
Templeton Foreign VIP Fund
	2017	4,214,224		$16.758176	to	$17.761339	$63,148,606	0.30	%	to	2.75%	—	%	to	2.59%	13.53	%	to	16.27%
	2016	4,970,803		$14.761174	to	$15.275854	$64,936,858	0.30	%	to	2.75%	—	%	to	1.91%	4.27	%	to	6.77%
	2015	5,725,507		$14.122314	to	$14.156956	$71,098,235	0.50	%	to	2.75%	3.06	%	to	3.35%	(9.03	)%	to	(7.11)%
	2014	6,427,949		$15.372277	to	$15.562315	$87,143,294	0.30	%	to	2.75%	—	%	to	1.77%	(13.54	)%	to	(11.49)%
	2013	7,579,644		$17.367091	to	$18.000234	$118,072,167	0.30	%	to	2.75%	—	%	to	2.82%	19.64	%	to	22.49%
Templeton Growth VIP Fund
	2017	6,013,942		$20.307880	to	$22.065681	$109,641,328	0.50	%	to	2.75%	1.44	%	to	1.64%	15.29	%	to	17.79%
	2016	7,095,202		$17.614976	to	$18.733633	$110,930,197	0.50	%	to	2.75%	1.92	%	to	2.00%	6.65	%	to	8.92%
	2015	8,496,186		$16.517233	to	$17.199491	$123,367,075	0.50	%	to	2.75%	2.41	%	to	2.74%	(9.02	)%	to	(7.01)%
	2014	10,363,841		$18.155747	to	$18.496229	$164,202,557	0.50	%	to	2.75%	1.21	%	to	1.53%	(5.45	)%	to	(3.37)%
	2013	12,935,884		$19.140368	to	$19.202764	$215,920,588	0.50	%	to	2.75%	1.94	%	to	2.23%	27.27	%	to	29.99%
Franklin Mutual Global Discovery VIP Fund
	2017	2,026,252		$18.963990	to	$21.062852	$57,709,185	0.50	%	to	2.80%	1.68	%	to	1.79%	5.60	%	to	7.96%
	2016	2,299,590		$17.958351	to	$19.509669	$61,818,346	0.50	%	to	2.80%	1.51	%	to	1.71%	9.08	%	to	11.46%
	2015	2,724,775		$16.463719	to	$17.503562	$66,618,842	0.50	%	to	2.80%	2.60	%	to	2.79%	(6.31	)%	to	(4.22)%
	2014	3,360,539		$17.572790	to	$18.275181	$87,271,968	0.50	%	to	2.80%	2.00	%	to	2.13%	2.79	%	to	5.07%
	2013	4,135,635		$17.095911	to	$17.393302	$104,121,213	0.50	%	to	2.80%	2.12	%	to	2.19%	24.09	%	to	26.89%
Franklin Flex Cap Growth VIP Fund
	2017	558,501		$23.630633	to	$26.522361	$10,970,274	0.50	%	to	2.75%	—	%	to	—%	23.50	%	to	26.15%
	2016	638,501		$19.134239	to	$21.023945	$10,079,964	0.50	%	to	2.75%	—	%	to	—%	(5.52	)%	to	(3.47)%
	2015	778,813		$20.252735	to	$21.778839	$12,899,308	0.50	%	to	2.75%	—	%	to	—%	1.53	%	to	3.80%
	2014	893,234		$17.781146	to	$19.946646	$14,474,320	0.85	%	to	2.75%	—	%	to	—%	3.23	%	to	5.21%
	2013	1,109,141		$16.901039	to	$19.323070	$17,183,794	0.85	%	to	2.75%	—	%	to	—%	33.76	%	to	36.32%



Templeton Global Bond VIP Fund
	2017	853,837	$13.318597	to	$14.229796	$11,731,550	0.50	%	to	2.70%	—	%	to	—%	(0.95	)%	to	1.25%
	2016	972,798	$13.446298	to	$14.053626	$13,338,093	0.50	%	to	2.70%	—	%	to	—%	0.13	%	to	2.36%
	2015	1,102,227	$13.428944	to	$13.730112	$14,919,710	0.50	%	to	2.70%	6.47	%	to	8.02%	(6.94	)%	to	(4.87)%
	2014	1,209,784	$14.430215	to	$14.432629	$17,397,591	0.50	%	to	2.70%	4.46	%	to	4.96%	(1.02	)%	to	1.19%
	2013	1,311,053	$14.263388	to	$14.578287	$18,826,191	0.50	%	to	2.70%	4.45	%	to	4.95%	(1.17	)%	to	1.03%
Hartford Balanced HLS Fund
	2017	3,851,653	$18.283142	to	$21.526102	$13,086,763	0.85	%	to	2.75%	0.80	%	to	2.05%	12.17	%	to	14.61%
	2016	4,387,479	$15.952107	to	$19.190531	$12,814,954	0.85	%	to	2.75%	2.22	%	to	2.53%	2.92	%	to	5.14%
	2015	5,237,448	$15.172419	to	$18.645311	$14,355,475	0.85	%	to	2.75%	1.59	%	to	1.59%	(2.78	)%	to	(0.67)%
	2014	6,301,401	$15.274798	to	$19.177920	$16,694,431	0.85	%	to	2.75%	1.50	%	to	1.60%	6.54	%	to	8.86%
	2013	7,677,578	$14.031437	to	$18.001299	$18,155,718	0.85	%	to	2.75%	1.40	%	to	1.58%	17.61	%	to	20.16%
Hartford Total Return Bond HLS Fund
	2017	16,817,785	$12.634875	to	$14.533811	$105,310,772	0.50	%	to	2.80%	2.72	%	to	2.84%	1.91	%	to	4.63%
	2016	18,329,294	$12.398507	to	$13.890160	$111,466,608	0.50	%	to	2.80%	2.24	%	to	2.59%	1.34	%	to	3.97%
	2015	21,485,983	$12.234802	to	$13.359427	$125,304,643	0.50	%	to	2.80%	3.05	%	to	3.08%	(3.55	)%	to	(1.08)%
	2014	25,293,527	$12.685130	to	$13.505685	$145,425,752	0.50	%	to	2.80%	2.95	%	to	3.26%	2.76	%	to	5.36%
	2013	28,918,085	$12.343982	to	$12.818679	$154,892,749	0.50	%	to	2.80%	3.65	%	to	4.09%	(4.37	)%	to	(1.86)%
Hartford Capital Appreciation HLS Fund
	2017	10,221,718	$27.410023	to	$28.687355	$106,852,678	0.50	%	to	2.80%	0.84	%	to	1.07%	18.45	%	to	21.53%
	2016	12,087,633	$23.139746	to	$23.605269	$109,530,012	0.50	%	to	2.80%	0.86	%	to	1.13%	2.34	%	to	5.00%
	2015	14,077,134	$22.482246	to	$22.611663	$122,216,277	0.50	%	to	2.80%	0.66	%	to	0.90%	(2.00	)%	to	0.51%
	2014	17,021,067	$22.367476	to	$23.072403	$145,554,664	0.50	%	to	2.80%	0.62	%	to	0.91%	4.08	%	to	6.77%
	2013	20,021,826	$20.948870	to	$22.167748	$156,772,819	0.50	%	to	2.80%	0.66	%	to	0.91%	34.89	%	to	38.39%
Hartford Dividend and Growth HLS Fund
	2017	7,208,288	$25.558708	to	$30.360968	$78,574,776	0.50	%	to	2.80%	1.35	%	to	1.61%	14.85	%	to	17.77%
	2016	8,617,177	$22.253982	to	$25.780508	$84,569,750	0.50	%	to	2.80%	1.71	%	to	2.06%	11.42	%	to	14.31%
	2015	10,083,636	$19.973005	to	$22.552591	$87,476,243	0.50	%	to	2.80%	1.54	%	to	1.84%	(4.13	)%	to	(1.65)%
	2014	12,201,452	$20.897634	to	$22.930999	$104,686,058	0.50	%	to	2.75%	1.60	%	to	1.89%	9.63	%	to	12.40%
	2013	15,217,649	$19.062349	to	$20.401863	$110,603,880	0.50	%	to	2.75%	1.74	%	to	1.99%	28.01	%	to	31.27%
Hartford Healthcare HLS Fund
	2017	13,766	$5.500146	to	$5.842235	$80,423	1.40	%	to	1.75%	—	%	to	—%	19.85	%	to	20.27%
	2016	20,225	$4.589350	to	$4.857765	$97,536	1.40	%	to	1.75%	3.33	%	to	3.36%	(10.22	)%	to	(9.91)%
	2015	29,297	$5.111962	to	$5.392026	$157,225	1.40	%	to	1.75%	—	%	to	—%	11.02	%	to	11.41%
	2014	29,421	$4.604617	to	$4.839920	$141,771	1.40	%	to	1.75%	0.04	%	to	0.04%	24.80	%	to	25.23%
	2013	40,443	$3.689662	to	$3.864674	$155,832	1.40	%	to	1.75%	0.24	%	to	0.30%	48.87	%	to	49.39%
Hartford Global Growth HLS Fund
	2017	177,889	$14.299699	to	$30.730518	$998,925	0.50	%	to	2.75%	0.27	%	to	0.51%	28.78	%	to	32.06%
	2016	237,517	$11.104106	to	$23.269366	$903,875	0.50	%	to	2.75%	0.13	%	to	0.68%	(1.05	)%	to	1.44%
	2015	257,455	$11.221450	to	$22.938184	$1,034,183	0.50	%	to	2.75%	0.29	%	to	0.53%	4.84	%	to	7.50%
	2014	262,710	$10.703557	to	$11.985136	$880,101	1.25	%	to	2.75%	0.25	%	to	0.46%	5.46	%	to	7.04%
	2013	203,091	$11.364381	to	$20.976608	$691,385	1.25	%	to	2.40%	0.60	%	to	0.76%	33.07	%	to	34.60%
Hartford Disciplined Equity HLS Fund



	2017	600,755	$30.291087	to	$33.884927	$11,973,068	0.50	%	to	2.70%	0.97	%	to	1.54%	18.67	%	to	21.31%
	2016	684,441	$25.525292	to	$27.932790	$11,480,135	0.50	%	to	2.70%	0.17	%	to	0.97%	2.94	%	to	5.23%
	2015	780,338	$24.795574	to	$26.543868	$12,535,282	0.50	%	to	2.70%	0.79	%	to	4.27%	3.99	%	to	6.30%
	2014	966,060	$17.539302	to	$23.844431	$14,807,260	0.85	%	to	2.70%	0.11	%	to	0.73%	13.09	%	to	15.20%
	2013	1,101,018	$15.225344	to	$21.085043	$14,667,571	0.85	%	to	2.70%	0.96	%	to	1.00%	32.20	%	to	34.67%
Hartford Growth Opportunities HLS Fund
	2017	1,150,790	$32.576607	to	$36.470168	$23,977,401	0.50	%	to	2.75%	—	%	to	—%	26.91	%	to	29.80%
	2016	1,435,786	$25.668615	to	$28.097800	$23,340,974	0.50	%	to	2.75%	0.43	%	to	0.43%	(3.19	)%	to	(0.99)%
	2015	1,788,705	$26.514567	to	$28.377928	$29,530,340	0.50	%	to	2.75%	0.13	%	to	0.13%	8.71	%	to	11.18%
	2014	2,294,100	$24.391204	to	$25.524668	$34,568,919	0.50	%	to	2.75%	0.17	%	to	0.18%	11.05	%	to	13.57%
	2013	2,491,105	$22.020532	to	$22.473877	$33,470,814	0.50	%	to	2.70%	0.01	%	to	0.01%	32.13	%	to	35.07%
Hartford High Yield HLS Fund
	2017	392,657	$21.162614	to	$21.874855	$6,566,826	0.50	%	to	2.70%	3.56	%	to	6.53%	4.74	%	to	7.07%
	2016	455,559	$19.765540	to	$20.885096	$7,253,753	0.50	%	to	2.70%	6.03	%	to	6.05%	11.21	%	to	13.68%
	2015	523,035	$17.386940	to	$18.780286	$7,448,045	0.50	%	to	2.70%	5.92	%	to	6.62%	(6.85	)%	to	(4.78)%
	2014	570,252	$18.260110	to	$20.162328	$8,624,985	0.50	%	to	2.70%	7.29	%	to	7.77%	(0.15	)%	to	2.07%
	2013	635,510	$17.890402	to	$20.193484	$9,349,739	0.50	%	to	2.70%	8.00	%	to	8.20%	3.60	%	to	5.90%
Hartford International Opportunities HLS Fund
	2017	1,099,728	$19.466539	to	$21.188012	$7,377,364	0.50	%	to	2.75%	1.16	%	to	1.49%	21.61	%	to	24.63%
	2016	1,204,232	$12.016012	to	$16.007910	$6,723,023	0.30	%	to	2.75%	—	%	to	0.95%	(1.80	)%	to	0.64%
	2015	1,427,251	$16.300812	to	$16.874218	$7,595,342	0.50	%	to	2.75%	1.16	%	to	1.50%	(1.11	)%	to	1.37%
	2014	1,596,986	$11.780937	to	$16.483110	$8,200,250	0.30	%	to	2.75%	—	%	to	1.96%	(6.74	)%	to	(4.43)%
	2013	2,001,900	$12.326828	to	$17.674881	$9,647,494	0.30	%	to	2.75%	1.94	%	to	2.41%	17.99	%	to	20.91%
Hartford Small/Mid Cap Equity HLS Fund
	2017	60,900	$20.935673	to	$30.792776	$1,262,811	0.85	%	to	2.75%	0.61	%	to	1.03%	10.85	%	to	13.46%
	2016	89,432	$18.452482	to	$27.778644	$1,675,453	0.85	%	to	2.75%	—	%	to	1.43%	13.18	%	to	15.50%
	2015	102,012	$15.976238	to	$25.068396	$1,650,963	0.85	%	to	2.70%	0.95	%	to	1.24%	(7.27	)%	to	(5.54)%
	2014	122,007	$16.913383	to	$27.034635	$2,087,497	0.85	%	to	2.70%	1.58	%	to	1.59%	2.42	%	to	4.33%
	2013	154,328	$16.210977	to	$26.395817	$2,486,980	0.85	%	to	2.70%	1.37	%	to	1.56%	33.85	%	to	36.35%
Hartford MidCap HLS Fund
	2017	83,625	$9.696947	to	$9.696947	$810,909	1.40	%	to	1.40%	—	%	to	—%	22.44	%	to	22.44%
	2016	89,461	$7.919670	to	$7.919670	$708,498	1.40	%	to	1.40%	0.03	%	to	0.03%	10.14	%	to	10.14%
	2015	124,922	$7.190783	to	$7.190783	$898,288	1.40	%	to	1.40%	0.08	%	to	0.08%	(0.07	)%	to	(0.07)%
	2014	157,710	$7.035554	to	$7.195953	$1,131,916	1.40	%	to	1.55%	—	%	to	—%	9.38	%	to	9.55%
	2013	172,064	$6.431994	to	$6.568778	$1,127,729	1.40	%	to	1.55%	0.02	%	to	0.02%	37.31	%	to	37.52%
Hartford MidCap Value HLS Fund
	2017	26,009	$3.301867	to	$20.813961	$346,887	1.40	%	to	2.75%	0.31	%	to	0.31%	10.11	%	to	11.61%
	2016	33,243	$2.958388	to	$18.902209	$416,875	1.40	%	to	2.75%	—	%	to	0.31%	9.50	%	to	10.99%
	2015	65,761	$2.665391	to	$17.549879	$471,761	1.40	%	to	2.45%	0.30	%	to	0.33%	(3.83	)%	to	(2.82)%
	2014	85,552	$2.742662	to	$27.925632	$632,544	1.40	%	to	2.50%	0.42	%	to	0.46%	5.24	%	to	6.41%
	2013	125,236	$2.577505	to	$26.534299	$607,498	1.40	%	to	2.50%	0.54	%	to	1.00%	31.05	%	to	32.50%
Hartford Ultrashort Bond HLS Fund
	2017	45,072,107	$7.847083	to	$9.907999	$49,071,410	0.30	%	to	2.80%	0.51	%	to	0.55%	(1.98	)%	to	0.50%
	2016	52,018,282	$8.005703	to	$9.858641	$57,724,555	0.30	%	to	2.80%	0.15	%	to	0.16%	(2.13	)%	to	0.34%
	2015	59,547,994	$8.180333	to	$9.706359	$66,818,100	0.50	%	to	2.80%	—	%	to	0.32%	(2.85	)%	to	(0.37)%
	2014	76,823,463	$8.420257	to	$9.742603	$86,508,863	0.50	%	to	2.80%	—	%	to	—%	(2.86	)%	to	(0.40)%



	2013	106,805,182	$8.668057	to	$9.781671	$121,724,972	0.50	%	to	2.80%	—	%	to	—%	(2.86	)%	to	(0.50)%
Hartford Small Company HLS Fund
	2017	612,130	$26.067689	to	$29.886392	$2,768,606	0.50	%	to	2.80%	—	%	to	—%	22.57	%	to	25.73%
	2016	696,045	$21.267803	to	$23.769976	$2,725,976	0.50	%	to	2.80%	—	%	to	—%	(1.01	)%	to	1.54%
	2015	766,328	$21.483957	to	$23.410469	$3,177,827	0.50	%	to	2.80%	—	%	to	—%	(10.98	)%	to	(8.67)%
	2014	896,294	$24.207225	to	$25.632868	$4,037,360	0.50	%	to	2.75%	—	%	to	—%	3.95	%	to	6.54%
	2013	1,147,217	$23.286857	to	$24.059989	$4,973,222	0.50	%	to	2.75%	—	%	to	—%	40.07	%	to	43.66%
Hartford SmallCap Growth HLS Fund
	2017	75,199	$24.873776	to	$27.990034	$1,537,864	1.25	%	to	2.45%	0.04	%	to	0.04%	17.17	%	to	18.58%
	2016	69,179	$21.228904	to	$23.603716	$1,160,861	1.25	%	to	2.45%	0.15	%	to	0.15%	9.65	%	to	10.98%
	2015	74,024	$19.359825	to	$21.268837	$914,747	1.25	%	to	2.45%	0.06	%	to	0.07%	(2.95	)%	to	(1.78)%
	2014	94,084	$19.949186	to	$21.654810	$1,293,400	1.25	%	to	2.45%	0.02	%	to	0.07%	3.27	%	to	4.52%
	2013	118,401	$19.316921	to	$21.207706	$1,951,842	0.85	%	to	2.45%	0.39	%	to	0.60%	41.37	%	to	43.65%
Hartford Stock HLS Fund
	2017	2,969,751	$20.835266	to	$28.209319	$6,984,049	0.85	%	to	2.75%	1.52	%	to	1.86%	16.30	%	to	18.83%
	2016	3,387,031	$17.533233	to	$24.255468	$6,634,445	0.85	%	to	2.75%	1.82	%	to	1.90%	4.23	%	to	6.51%
	2015	3,972,069	$16.462260	to	$23.270296	$7,138,262	0.85	%	to	2.75%	1.79	%	to	1.83%	(0.30	)%	to	1.87%
	2014	4,897,250	$16.159456	to	$23.339295	$8,577,560	0.85	%	to	2.75%	1.71	%	to	1.92%	8.02	%	to	10.36%
	2013	5,851,086	$14.641880	to	$21.605585	$9,363,607	0.85	%	to	2.75%	1.74	%	to	2.02%	28.35	%	to	31.13%
Hartford U.S. Government Securities HLS Fund
	2017	563,800	$9.688990	to	$11.737333	$4,537,811	0.50	%	to	2.70%	2.16	%	to	2.86%	(1.38	)%	to	0.81%
	2016	591,593	$9.824638	to	$11.642669	$4,708,241	0.50	%	to	2.70%	1.56	%	to	1.91%	(1.16	)%	to	1.03%
	2015	630,736	$9.616246	to	$11.523427	$4,931,918	0.50	%	to	2.45%	1.81	%	to	1.82%	(0.90	)%	to	1.06%
	2014	677,875	$9.703192	to	$11.403055	$5,307,328	0.50	%	to	2.45%	2.27	%	to	2.78%	0.33	%	to	2.30%
	2013	754,440	$9.671617	to	$11.146482	$5,890,729	0.50	%	to	2.45%	2.27	%	to	2.28%	(4.06	)%	to	(2.17)%
Hartford Value HLS Fund
	2017	104,753	$17.234496	to	$28.535135	$1,264,114	0.50	%	to	2.45%	1.75	%	to	1.80%	12.65	%	to	14.86%
	2016	122,918	$15.299496	to	$24.842421	$1,382,086	0.50	%	to	2.45%	1.77	%	to	1.81%	10.94	%	to	13.13%
	2015	137,005	$13.790522	to	$21.959894	$1,410,659	0.50	%	to	2.45%	1.58	%	to	1.58%	(5.43	)%	to	(3.56)%
	2014	167,091	$21.064438	to	$22.771698	$1,928,639	0.50	%	to	2.70%	—	%	to	1.48%	8.40	%	to	10.81%
	2013	177,746	$13.418558	to	$20.550139	$1,855,273	0.50	%	to	2.45%	1.69	%	to	1.76%	28.75	%	to	31.28%
Rational Dividend Capture VA Fund +
	2017	654,916	$20.154101	to	$21.696327	$3,403,369	0.50	%	to	2.75%	3.36	%	to	3.38%	(4.26	)%	to	(2.08)%
	2016	716,440	$21.050591	to	$22.157222	$3,991,887	0.50	%	to	2.75%	4.42	%	to	4.73%	4.07	%	to	6.43%
	2015	919,469	$20.227894	to	$20.817629	$4,608,990	0.50	%	to	2.75%	4.21	%	to	4.30%	(5.69	)%	to	(3.54)%
	2014	1,488,705	$21.447710	to	$21.581635	$8,928,843	0.50	%	to	2.75%	3.70	%	to	5.21%	7.17	%	to	9.61%
	2013	2,068,011	$19.689337	to	$20.012231	$9,743,486	0.50	%	to	2.75%	3.00	%	to	3.60%	16.71	%	to	19.36%
Rational Insider Buying VA Fund+
	2017	1,186,020	$2.134848	to	$28.763884	$3,494,538	0.50	%	to	2.50%	0.54	%	to	0.56%	14.62	%	to	16.93%
	2016	1,453,799	$1.862571	to	$24.598765	$3,742,389	0.50	%	to	2.50%	0.61	%	to	0.64%	8.26	%	to	10.45%
	2015	1,842,192	$1.720408	to	$22.271358	$4,353,545	0.50	%	to	2.50%	0.56	%	to	0.57%	(9.46	)%	to	(7.63)%
	2014	2,898,810	$1.900179	to	$24.110995	$7,599,317	0.50	%	to	2.50%	0.30	%	to	0.35%	(4.48	)%	to	(2.55)%
	2013	2,405,150	$1.989341	to	$24.742397	$6,269,556	0.50	%	to	2.50%	0.21	%	to	0.33%	28.67	%	to	31.26%
Lord Abbett Fundamental Equity Fund
	2017	60,492	$19.639304	to	$24.038372	$1,385,575	0.50	%	to	1.50%	—	%	to	1.04%	10.90	%	to	12.01%
	2016	69,743	$17.709076	to	$21.460226	$1,432,057	0.50	%	to	1.50%	1.14	%	to	1.20%	14.02	%	to	15.17%



	2015	87,998	$15.531399	to	$18.634025	$1,564,491	0.50	%	to	1.50%	1.08	%	to	1.19%	(4.88	)%	to	(3.93)%
	2014	93,914	$16.328531	to	$19.395320	$1,740,888	0.50	%	to	1.50%	0.46	%	to	0.46%	5.55	%	to	6.61%
	2013	102,882	$15.470435	to	$18.193259	$1,788,586	0.50	%	to	1.50%	0.03	%	to	0.23%	33.74	%	to	35.08%
Lord Abbett Calibrated Dividend Growth Fund
	2017	145,762	$22.380222	to	$24.950037	$3,061,894	0.85	%	to	2.70%	0.39	%	to	0.43%	15.95	%	to	18.12%
	2016	183,230	$18.947640	to	$21.517417	$3,283,453	0.85	%	to	2.70%	1.15	%	to	2.46%	12.04	%	to	14.13%
	2015	223,166	$16.602197	to	$19.205816	$3,520,410	0.85	%	to	2.70%	1.48	%	to	1.69%	(4.74	)%	to	(2.96)%
	2014	305,569	$17.108718	to	$20.161583	$5,109,504	0.85	%	to	2.70%	1.52	%	to	1.57%	8.57	%	to	10.60%
	2013	361,384	$15.469389	to	$18.569944	$5,644,241	0.85	%	to	2.70%	1.38	%	to	1.52%	24.52	%	to	26.84%
Lord Abbett Bond Debenture Fund
	2017	549,121	$18.759450	to	$19.864893	$9,682,291	0.50	%	to	2.70%	3.04	%	to	4.10%	6.30	%	to	8.67%
	2016	567,672	$17.263252	to	$18.687005	$9,315,754	0.50	%	to	2.70%	4.46	%	to	6.07%	9.15	%	to	11.57%
	2015	686,625	$15.472419	to	$17.120902	$10,198,325	0.50	%	to	2.70%	1.87	%	to	4.61%	(4.15	)%	to	(2.02)%
	2014	805,425	$15.791694	to	$17.862911	$12,336,779	0.50	%	to	2.70%	4.38	%	to	4.78%	1.57	%	to	3.83%
	2013	908,072	$15.209739	to	$17.587280	$13,507,408	0.50	%	to	2.70%	3.67	%	to	5.13%	5.29	%	to	7.63%
Lord Abbett Growth and Income Fund
	2017	93,217	$23.110049	to	$23.485274	$1,576,087	0.50	%	to	2.40%	1.37	%	to	1.38%	10.69	%	to	12.82%
	2016	116,670	$20.817381	to	$20.877488	$1,754,696	0.50	%	to	2.40%	1.41	%	to	1.47%	14.34	%	to	16.53%
	2015	141,073	$13.235429	to	$18.259686	$1,843,008	1.25	%	to	2.40%	0.37	%	to	1.04%	(5.17	)%	to	(4.07)%
	2014	215,371	$12.711398	to	$13.796996	$3,120,851	1.25	%	to	2.45%	0.15	%	to	0.66%	5.05	%	to	6.32%
	2013	322,481	$12.100599	to	$12.977394	$4,816,754	1.25	%	to	2.45%	0.57	%	to	1.56%	32.61	%	to	34.21%
MFS® Growth Fund
	2017	1,533,512	$31.474515	to	$34.422833	$28,375,046	0.30	%	to	2.80%	—	%	to	0.10%	27.78	%	to	30.69%
	2016	1,900,666	$24.631996	to	$26.339016	$26,796,913	0.30	%	to	2.80%	—	%	to	0.04%	(0.39	)%	to	1.87%
	2015	2,204,305	$24.727335	to	$25.520887	$30,701,151	0.50	%	to	2.80%	—	%	to	0.21%	4.59	%	to	6.77%
	2014	2,279,203	$23.642338	to	$23.903523	$30,022,513	0.50	%	to	2.80%	—	%	to	0.11%	5.94	%	to	8.14%
	2013	2,873,997	$22.103748	to	$22.317418	$35,800,328	0.50	%	to	2.80%	0.13	%	to	0.23%	33.08	%	to	35.81%
MFS® Global Equity Fund
	2017	199,279	$25.325223	to	$33.295481	$5,247,444	0.85	%	to	2.70%	0.81	%	to	0.82%	20.77	%	to	23.02%
	2016	218,763	$20.970437	to	$27.065192	$4,771,582	0.85	%	to	2.70%	0.94	%	to	0.96%	4.49	%	to	6.44%
	2015	246,746	$20.069905	to	$25.428183	$5,128,324	0.85	%	to	2.70%	1.01	%	to	1.15%	(4.04	)%	to	(2.25)%
	2014	294,014	$20.914881	to	$26.012901	$6,312,544	0.85	%	to	2.70%	0.69	%	to	0.84%	1.11	%	to	2.99%
	2013	384,428	$18.124901	to	$25.256535	$8,069,294	0.85	%	to	2.55%	—	%	to	0.79%	24.60	%	to	26.73%
MFS® Investors Trust Fund
	2017	2,583,712	$20.349036	to	$25.683454	$49,741,630	1.15	%	to	2.80%	0.54	%	to	0.72%	19.94	%	to	21.62%
	2016	3,098,037	$16.584360	to	$21.413220	$49,243,607	1.25	%	to	2.80%	0.53	%	to	0.86%	5.59	%	to	6.97%
	2015	3,654,707	$15.503770	to	$20.279694	$54,485,307	1.25	%	to	2.80%	0.69	%	to	0.92%	(2.55	)%	to	(1.29)%
	2014	4,597,367	$15.706113	to	$20.810395	$69,771,301	1.25	%	to	2.80%	0.76	%	to	0.95%	7.94	%	to	9.34%
	2013	6,054,205	$14.365075	to	$19.279366	$84,388,804	1.25	%	to	2.80%	0.96	%	to	1.05%	28.41	%	to	30.10%
MFS® Mid Cap Growth Fund
	2017	1,343,451	$12.601001	to	$33.475229	$15,121,769	0.85	%	to	2.75%	0.12	%	to	0.12%	23.55	%	to	25.92%
	2016	1,572,628	$10.007009	to	$27.093650	$14,169,737	0.85	%	to	2.75%	—	%	to	—%	2.06	%	to	4.02%
	2015	2,271,225	$9.620047	to	$26.545633	$19,659,627	0.85	%	to	2.75%	—	%	to	—%	1.77	%	to	3.73%
	2014	2,268,798	$9.274418	to	$26.082856	$19,245,205	0.85	%	to	2.75%	—	%	to	—%	5.91	%	to	7.94%
	2013	2,697,012	$8.592141	to	$24.627585	$21,488,201	0.85	%	to	2.75%	—	%	to	—%	33.99	%	to	36.56%
MFS® New Discovery Fund



	2017	1,236,454	$17.934518	to	$36.811059	$31,095,608	0.65	%	to	2.80%	—	%	to	—%	23.16	%	to	25.51%
	2016	1,483,583	$14.288949	to	$29.888778	$30,037,343	0.65	%	to	2.80%	—	%	to	—%	6.04	%	to	8.09%
	2015	1,738,459	$13.219046	to	$28.186188	$32,932,634	0.65	%	to	2.80%	—	%	to	—%	(4.60	)%	to	(2.78)%
	2014	2,233,899	$13.596976	to	$29.543884	$44,234,490	0.65	%	to	2.80%	—	%	to	—%	(9.82	)%	to	(8.09)%
	2013	2,871,838	$14.794347	to	$32.844644	$61,957,861	0.65	%	to	2.75%	—	%	to	—%	37.68	%	to	40.30%
MFS® Total Return Fund
	2017	6,864,595	$18.615767	to	$20.856045	$146,002,086	0.50	%	to	2.75%	2.18	%	to	2.38%	9.25	%	to	11.47%
	2016	8,086,822	$17.039000	to	$18.710636	$155,634,755	0.50	%	to	2.75%	2.68	%	to	2.79%	6.14	%	to	8.27%
	2015	9,407,888	$16.053954	to	$17.281075	$168,891,338	0.50	%	to	2.75%	2.39	%	to	2.71%	(3.07	)%	to	(1.08)%
	2014	12,236,910	$16.563028	to	$17.468930	$223,847,629	0.50	%	to	2.75%	1.72	%	to	1.91%	5.56	%	to	7.70%
	2013	15,615,193	$15.691254	to	$16.220544	$268,989,737	0.50	%	to	2.75%	1.64	%	to	2.00%	15.82	%	to	18.15%
MFS® Value Fund
	2017	2,233,173	$25.602921	to	$29.158588	$61,806,760	0.30	%	to	2.80%	—	%	to	1.92%	14.40	%	to	17.00%
	2016	2,651,324	$22.379369	to	$24.922682	$63,152,998	0.30	%	to	2.80%	—	%	to	2.08%	10.94	%	to	13.43%
	2015	3,165,663	$20.172589	to	$21.687103	$66,887,253	0.50	%	to	2.80%	2.11	%	to	2.31%	(3.48	)%	to	(1.43)%
	2014	3,800,607	$20.899410	to	$22.001303	$82,955,423	0.50	%	to	2.80%	1.30	%	to	1.52%	7.46	%	to	9.65%
	2013	4,737,281	$19.448755	to	$20.064557	$96,244,644	0.50	%	to	2.80%	0.98	%	to	1.69%	32.14	%	to	34.92%
MFS® Total Return Bond Series
	2017	5,299,312	$12.998837	to	$14.211206	$74,483,025	0.50	%	to	2.80%	2.95	%	to	3.37%	1.57	%	to	3.66%
	2016	5,749,097	$12.797583	to	$13.708924	$78,599,528	0.50	%	to	2.80%	3.22	%	to	3.40%	1.36	%	to	3.49%
	2015	6,505,496	$12.626347	to	$13.246484	$86,674,926	0.50	%	to	2.80%	3.22	%	to	3.45%	(3.06	)%	to	(1.08)%
	2014	7,654,111	$13.024355	to	$13.390681	$104,151,511	0.50	%	to	2.80%	2.61	%	to	2.94%	2.92	%	to	5.09%
	2013	9,445,216	$12.654375	to	$12.741841	$123,654,533	0.50	%	to	2.80%	1.11	%	to	1.68%	(3.77	)%	to	(1.78)%
MFS® Research Fund
	2017	173,623	$26.796181	to	$27.804362	$4,116,069	0.85	%	to	2.75%	1.35	%	to	1.36%	20.02	%	to	22.32%
	2016	185,876	$21.905803	to	$23.165645	$3,649,101	0.85	%	to	2.75%	0.76	%	to	0.79%	5.79	%	to	7.82%
	2015	216,688	$20.317840	to	$21.898439	$3,977,640	0.85	%	to	2.75%	0.52	%	to	0.73%	(1.93	)%	to	(0.05)%
	2014	301,257	$20.327821	to	$22.329543	$5,573,469	0.85	%	to	2.75%	—	%	to	0.82%	7.21	%	to	9.27%
	2013	324,638	$16.078705	to	$18.603416	$5,542,668	0.85	%	to	2.50%	0.32	%	to	0.33%	29.02	%	to	31.17%
MFS® High Yield Portfolio
	2017	2,511,844	$11.142162	to	$12.166841	$29,269,488	0.85	%	to	2.80%	6.10	%	to	6.46%	3.74	%	to	5.78%
	2016	2,755,806	$10.740269	to	$11.501580	$30,652,921	0.85	%	to	2.80%	6.73	%	to	6.75%	10.68	%	to	12.86%
	2015	3,201,384	$9.703703	to	$10.190929	$31,860,609	0.85	%	to	2.80%	7.11	%	to	7.11%	(6.86	)%	to	(5.03)%
	2014	4,054,245	$10.418731	to	$10.730506	$42,882,934	0.85	%	to	2.80%	4.75	%	to	5.44%	(0.03	)%	to	1.94%
	2013	5,186,327	$10.422041	to	$10.526650	$54,331,348	0.85	%	to	2.80%	2.42	%	to	2.42%	4.22	%	to	5.27%
BlackRock Global Allocation V.I. Fund
	2017	17,028	$13.767961	to	$13.826114	$233,834	0.50	%	to	0.75%	1.27	%	to	1.29%	12.86	%	to	13.14%
	2016	16,468	$11.552461	to	$12.220278	$200,285	0.50	%	to	1.45%	—	%	to	1.27%	2.31	%	to	3.29%
	2015	23,105	$11.291541	to	$11.831361	$270,210	0.50	%	to	1.45%	0.92	%	to	1.05%	(2.43	)%	to	(1.49)%
	2014	24,332	$11.572322	to	$12.010881	$289,987	0.50	%	to	1.45%	1.89	%	to	2.25%	0.46	%	to	1.42%
	2013	19,169	$11.842252	to	$11.910946	$227,327	0.50	%	to	0.75%	1.07	%	to	1.86%	13.56	%	to	13.85%
BlackRock Global Opportunities V.I. Fund
	2017	1,462	$20.726269	to	$21.011728	$30,306	2.00	%	to	2.45%	—	%	to	1.65%	22.17	%	to	22.72%
	2016	2,138	$16.965646	to	$17.122152	$36,378	2.00	%	to	2.45%	1.89	%	to	2.05%	1.08	%	to	1.54%
	2015	2,286	$16.784034	to	$16.862821	$38,427	2.00	%	to	2.45%	0.98	%	to	1.11%	(1.72	)%	to	(1.28)%
	2014	2,089	$17.078460	to	$17.081562	$35,672	2.00	%	to	2.45%	1.16	%	to	1.27%	(6.47	)%	to	(6.05)%



	2013	1,865	$18.181762	to	$18.260509	$34,025	2.00	%	to	2.45%	0.34	%	to	0.36%	26.64	%	to	27.21%
BlackRock Large Cap Focus Growth V.I. Fund+
	2017	15,345	$19.721825	to	$31.796548	$363,831	1.75	%	to	2.45%	0.02	%	to	0.04%	26.42	%	to	27.31%
	2016	23,745	$15.491046	to	$25.150778	$443,860	1.75	%	to	2.45%	0.76	%	to	1.07%	5.27	%	to	6.01%
	2015	25,661	$14.612422	to	$23.890870	$445,990	1.75	%	to	2.45%	0.45	%	to	0.57%	0.24	%	to	0.95%
	2014	26,734	$14.475438	to	$23.833152	$461,428	1.75	%	to	2.45%	0.54	%	to	0.56%	11.40	%	to	12.18%
	2013	28,927	$12.903287	to	$15.196385	$439,153	1.75	%	to	2.15%	0.49	%	to	0.70%	31.07	%	to	31.60%
BlackRock Equity Dividend V.I. Fund
	2017	34,579	$19.029838	to	$20.321731	$695,324	0.50	%	to	1.45%	1.45	%	to	1.55%	14.81	%	to	15.91%
	2016	40,661	$16.574538	to	$17.532485	$705,620	0.50	%	to	1.45%	1.46	%	to	1.54%	14.39	%	to	15.48%
	2015	50,589	$14.489678	to	$15.182254	$760,676	0.50	%	to	1.45%	1.45	%	to	1.45%	(2.25	)%	to	(1.31)%
	2014	48,032	$14.822529	to	$15.384149	$732,802	0.50	%	to	1.45%	1.45	%	to	1.49%	7.50	%	to	8.52%
	2013	71,399	$13.788918	to	$14.176061	$1,005,774	0.50	%	to	1.45%	1.69	%	to	1.71%	22.33	%	to	23.50%
Morgan Stanley VIF Core Plus Fixed Income Portfolio+
	2017	3,989	$11.254344	to	$11.254344	$44,894	1.70	%	to	1.70%	2.91	%	to	2.91%	4.11	%	to	4.11%
	2016	4,051	$10.810072	to	$10.810072	$43,794	1.70	%	to	1.70%	1.67	%	to	1.67%	4.08	%	to	4.08%
	2015	4,119	$10.386757	to	$10.386757	$42,783	1.70	%	to	1.70%	3.22	%	to	3.22%	(2.50	)%	to	(2.50)%
	2014	4,187	$10.653472	to	$10.653472	$44,603	1.70	%	to	1.70%	2.57	%	to	2.57%	5.75	%	to	5.75%
	2013	3,079	$10.073973	to	$10.073973	$31,013	1.70	%	to	1.70%	—	%	to	—%	0.74	%	to	0.74%
Morgan Stanley VIF Growth Portfolio+
	2017	13,935	$19.401823	to	$20.666424	$280,826	1.35	%	to	2.75%	—	%	to	—%	38.95	%	to	40.91%
	2016	17,208	$13.963132	to	$14.666750	$247,562	1.35	%	to	2.75%	—	%	to	—%	(4.58	)%	to	(3.24)%
	2015	17,531	$14.633999	to	$15.157585	$262,035	1.35	%	to	2.75%	—	%	to	—%	8.93	%	to	10.47%
	2014	18,621	$13.434144	to	$13.721383	$253,346	1.35	%	to	2.75%	—	%	to	—%	3.21	%	to	4.67%
	2013	21,059	$13.016247	to	$13.109696	$275,252	1.35	%	to	2.75%	—	%	to	—%	30.16	%	to	31.10%
Morgan Stanley VIF Mid Cap Growth Portfolio+
	2017	83,954	$18.949179	to	$28.102860	$1,503,552	0.85	%	to	2.70%	—	%	to	—%	34.91	%	to	37.43%
	2016	99,265	$13.788729	to	$20.830859	$1,299,458	0.85	%	to	2.70%	—	%	to	—%	(11.27	)%	to	(9.61)%
	2015	114,453	$15.255417	to	$23.477293	$1,673,534	0.85	%	to	2.70%	—	%	to	—%	(8.49	)%	to	(6.79)%
	2014	127,397	$16.365859	to	$25.656623	$2,008,157	0.85	%	to	2.70%	—	%	to	—%	(0.87	)%	to	0.98%
	2013	148,044	$16.207149	to	$25.882254	$2,321,328	0.85	%	to	2.70%	0.22	%	to	0.25%	33.83	%	to	36.32%
Invesco V.I. American Value Fund
	2017	57,869	$16.916529	to	$19.797010	$1,098,112	0.85	%	to	2.45%	0.55	%	to	0.60%	7.03	%	to	8.75%
	2016	53,924	$15.805692	to	$18.203574	$950,108	0.85	%	to	2.45%	0.12	%	to	0.12%	12.43	%	to	14.24%
	2015	46,583	$14.058086	to	$15.933971	$721,691	0.85	%	to	2.45%	0.01	%	to	0.01%	(11.55	)%	to	(10.13)%
	2014	51,282	$15.894550	to	$17.729300	$888,880	0.85	%	to	2.45%	0.19	%	to	0.27%	6.83	%	to	8.55%
	2013	66,877	$14.878459	to	$16.332597	$1,067,146	0.85	%	to	2.45%	0.53	%	to	0.55%	30.69	%	to	32.80%
Morgan Stanley Mid Cap Growth Portfolio+
	2017	—	$14.541387	to	$16.469337	$—	1.35	%	to	2.20%	—	%	to	—%	25.01	%	to	25.85%
	2016	9,787	$11.631839	to	$13.086696	$126,671	1.35	%	to	2.20%	—	%	to	—%	(11.40	)%	to	(10.64)%
	2015	8,862	$13.128552	to	$14.645554	$128,306	1.35	%	to	2.20%	—	%	to	—%	(8.84	)%	to	(8.06)%
	2014	9,586	$14.401329	to	$15.929315	$151,149	1.35	%	to	2.20%	—	%	to	—%	(1.41	)%	to	(0.57)%
	2013	18,343	$14.607207	to	$16.020231	$283,325	1.35	%	to	2.20%	0.06	%	to	0.06%	34.37	%	to	35.52%
BlackRock Capital Appreciation V.I. Fund
	2017	26,551	$18.925560	to	$20.210434	$539,619	0.50	%	to	1.45%	—	%	to	—%	31.03	%	to	32.28%
	2016	36,553	$14.443338	to	$15.278228	$559,679	0.50	%	to	1.45%	—	%	to	—%	(1.57	)%	to	(0.63)%



	2015	40,469	$14.673899	to	$15.375355	$624,328	0.50	%	to	1.45%	—	%	to	—%	5.08	%	to	6.08%
	2014	41,319	$13.965119	to	$14.494328	$597,189	0.50	%	to	1.45%	—	%	to	—%	6.99	%	to	8.01%
	2013	68,704	$13.052518	to	$13.419051	$919,749	0.50	%	to	1.45%	—	%	to	—%	31.48	%	to	32.73%
Columbia Variable Portfolio - Asset Allocation Fund
	2017	896,939	$1.801739	to	$20.236855	$1,931,134	1.70	%	to	2.80%	1.59	%	to	1.64%	12.43	%	to	13.67%
	2016	1,027,526	$1.585011	to	$17.999392	$1,929,599	1.70	%	to	2.80%	2.22	%	to	2.23%	2.45	%	to	3.58%
	2015	1,615,330	$1.530186	to	$17.569038	$2,685,616	1.70	%	to	2.80%	2.01	%	to	2.07%	(1.72	)%	to	(0.64)%
	2014	1,975,569	$1.390229	to	$1.539994	$3,266,714	1.70	%	to	2.50%	2.27	%	to	2.50%	7.33	%	to	8.19%
	2013	2,523,886	$1.295289	to	$1.423392	$3,713,728	1.70	%	to	2.50%	2.39	%	to	2.43%	15.25	%	to	16.18%
Columbia Variable Portfolio - Dividend Opportunity Fund
	2017	474,696	$14.587562	to	$15.697718	$7,236,021	1.70	%	to	2.80%	—	%	to	—%	11.22	%	to	12.45%
	2016	552,896	$13.115961	to	$13.959804	$7,528,292	1.70	%	to	2.80%	—	%	to	—%	10.53	%	to	11.75%
	2015	638,628	$11.866359	to	$12.491639	$7,817,514	1.70	%	to	2.80%	—	%	to	—%	(5.34	)%	to	(4.29)%
	2014	729,017	$12.535952	to	$13.052025	$9,365,686	1.70	%	to	2.80%	—	%	to	—%	7.04	%	to	8.22%
	2013	844,488	$11.711566	to	$12.060362	$10,069,242	1.70	%	to	2.80%	—	%	to	—%	23.32	%	to	24.68%
Columbia Variable Portfolio - Income Opportunities Fund
	2017	486,473	$10.981367	to	$11.574276	$5,519,773	1.70	%	to	2.80%	6.23	%	to	6.27%	3.62	%	to	4.76%
	2016	551,922	$10.598072	to	$11.048118	$6,004,460	1.70	%	to	2.80%	10.70	%	to	10.87%	7.87	%	to	9.06%
	2015	613,284	$9.825034	to	$10.130224	$6,144,082	1.70	%	to	2.80%	9.20	%	to	9.34%	(3.73	)%	to	(2.67)%
	2014	741,140	$10.214820	to	$10.407596	$7,660,597	1.70	%	to	2.75%	—	%	to	—%	1.20	%	to	2.27%
	2013	895,545	$10.093976	to	$10.177068	$9,087,876	1.70	%	to	2.75%	5.48	%	to	6.18%	0.94	%	to	1.77%



Columbia Variable Portfolio - Mid Cap Growth Fund
	2017	456,179	$15.299871	to	$16.087414	$7,176,535	1.70	%	to	2.75%	—	%	to	—%	19.65	%	to	20.91%
	2016	519,137	$12.787005	to	$13.304866	$6,786,779	1.70	%	to	2.75%	—	%	to	—%	(0.48	)%	to	0.57%
	2015	600,424	$12.848975	to	$13.229680	$7,843,268	1.70	%	to	2.75%	—	%	to	—%	2.75	%	to	3.84%
	2014	708,214	$12.505029	to	$12.741041	$8,951,793	1.70	%	to	2.75%	—	%	to	—%	4.50	%	to	5.60%
	2013	828,931	$11.966406	to	$12.064865	$9,966,805	1.70	%	to	2.75%	—	%	to	—%	19.66	%	to	20.65%
Oppenheimer Capital Appreciation Fund/VA
	2017	27,283	$16.105084	to	$18.121213	$478,267	1.25	%	to	2.45%	0.01	%	to	0.01%	23.44	%	to	24.93%
	2016	38,555	$13.046402	to	$14.504715	$543,614	1.25	%	to	2.45%	0.11	%	to	0.12%	(4.79	)%	to	(3.64)%
	2015	62,594	$13.703122	to	$15.052983	$925,014	1.25	%	to	2.45%	—	%	to	—%	0.77	%	to	1.98%
	2014	72,050	$14.760057	to	$22.965685	$1,049,576	1.25	%	to	2.70%	—	%	to	0.18%	12.06	%	to	13.70%
	2013	54,304	$12.104780	to	$12.981843	$697,834	1.25	%	to	2.45%	0.74	%	to	0.75%	26.30	%	to	27.82%
Oppenheimer Global Fund/VA
	2017	285,296	$19.848103	to	$27.236947	$5,392,022	0.85	%	to	2.70%	0.65	%	to	0.76%	32.69	%	to	35.17%
	2016	317,145	$14.684228	to	$20.526498	$4,470,280	0.85	%	to	2.70%	0.77	%	to	0.77%	(2.82	)%	to	(1.00)%
	2015	400,978	$14.832940	to	$21.121837	$5,721,917	0.85	%	to	2.70%	0.94	%	to	1.06%	0.91	%	to	2.79%
	2014	480,986	$14.429674	to	$20.931410	$6,711,569	0.85	%	to	2.70%	0.83	%	to	0.86%	(0.66	)%	to	1.19%
	2013	530,619	$14.259651	to	$21.071035	$7,345,651	0.85	%	to	2.70%	1.15	%	to	1.17%	23.61	%	to	25.92%
Oppenheimer Main Street Fund®/VA+
	2017	44,637	$17.957499	to	$21.015465	$884,787	0.85	%	to	2.45%	—	%	to	1.01%	13.81	%	to	15.65%
	2016	63,862	$17.541290	to	$24.640162	$1,126,233	1.25	%	to	2.40%	0.75	%	to	0.92%	8.66	%	to	9.92%
	2015	33,266	$15.958911	to	$22.676715	$544,744	1.25	%	to	2.40%	0.65	%	to	0.71%	0.66	%	to	1.83%
	2014	48,941	$15.672806	to	$22.120031	$771,616	1.25	%	to	2.70%	—	%	to	0.65%	7.46	%	to	9.03%
	2013	89,501	$14.374844	to	$20.901096	$1,276,256	1.25	%	to	2.40%	0.85	%	to	0.87%	28.32	%	to	29.81%
Oppenheimer Main Street Small Cap Fund/VA



	2017	178,400	$24.047995	to	$32.376125	$4,081,297	0.85	%	to	2.70%	0.62	%	to	0.65%	10.88	%	to	12.95%
	2016	222,152	$21.291496	to	$29.199890	$4,535,693	0.85	%	to	2.70%	0.25	%	to	0.25%	14.54	%	to	16.68%
	2015	266,731	$18.248414	to	$25.493533	$4,687,398	0.85	%	to	2.70%	0.61	%	to	0.63%	(8.60	)%	to	(6.89)%
	2014	323,355	$19.598483	to	$27.891160	$6,129,610	0.85	%	to	2.70%	0.62	%	to	0.66%	8.68	%	to	10.71%
	2013	380,278	$17.702586	to	$25.663354	$6,526,667	0.85	%	to	2.70%	0.64	%	to	0.71%	36.88	%	to	39.43%
Oppenheimer Equity Income Fund/VA+
	2017	—	$13.154706	to	$14.697871	$—	1.25	%	to	2.45%	2.13	%	to	2.19%	3.64	%	to	4.16%
	2016	20,584	$12.692256	to	$14.110975	$284,264	1.25	%	to	2.45%	5.25	%	to	5.26%	12.34	%	to	13.70%
	2015	22,574	$11.297861	to	$12.410922	$274,799	1.25	%	to	2.45%	2.71	%	to	2.91%	(12.00	)%	to	(10.94)%
	2014	24,066	$13.935715	to	$20.291605	$335,468	1.25	%	to	2.70%	—	%	to	1.46%	7.78	%	to	9.35%
	2013	19,970	$11.882762	to	$12.743814	$251,413	1.25	%	to	2.45%	1.15	%	to	1.17%	25.59	%	to	27.11%
Putnam VT Diversified Income Fund
	2017	820,853	$14.918344	to	$18.456355	$11,591,824	0.85	%	to	2.70%	5.34	%	to	5.53%	4.27	%	to	6.22%
	2016	929,770	$14.045264	to	$17.700565	$12,444,852	0.85	%	to	2.70%	7.02	%	to	7.16%	2.61	%	to	4.53%
	2015	1,120,054	$13.436838	to	$17.249985	$14,450,912	0.85	%	to	2.70%	9.15	%	to	9.19%	(4.94	)%	to	(3.17)%
	2014	1,264,497	$13.876408	to	$18.147034	$16,981,470	0.85	%	to	2.70%	7.86	%	to	8.24%	(2.33	)%	to	(0.50)%
	2013	1,465,125	$13.946422	to	$18.579157	$20,076,797	0.85	%	to	2.70%	3.08	%	to	3.24%	4.94	%	to	6.90%
Putnam VT Global Asset Allocation Fund
	2017	35,413	$17.603743	to	$23.929053	$611,647	1.25	%	to	2.40%	1.45	%	to	1.45%	12.60	%	to	13.90%
	2016	45,602	$15.454823	to	$21.250834	$694,957	1.25	%	to	2.40%	1.74	%	to	2.21%	4.18	%	to	5.39%
	2015	43,479	$14.664852	to	$20.397890	$631,283	1.25	%	to	2.40%	1.06	%	to	3.48%	(2.20	)%	to	(1.07)%
	2014	32,187	$14.823677	to	$20.857346	$474,935	1.25	%	to	2.40%	2.56	%	to	5.34%	6.83	%	to	8.06%
	2013	62,065	$13.717537	to	$19.524199	$996,265	1.25	%	to	2.40%	2.21	%	to	2.49%	16.66	%	to	18.01%
Putnam VT Growth Opportunities Fund
	2017	141,273	$13.528598	to	$13.733316	$1,934,211	0.50	%	to	1.45%	0.10	%	to	0.11%	29.02	%	to	30.25%
	2016	184,130	$10.485674	to	$10.543823	$1,939,236	0.50	%	to	1.45%	—	%	to	—%	4.86	%	to	5.44%
Putnam VT International Value Fund
	2017	3,686	$10.200436	to	$16.935698	$37,194	1.25	%	to	2.30%	1.41	%	to	1.46%	21.86	%	to	23.15%
	2016	14,262	$8.283132	to	$13.897450	$114,925	1.25	%	to	2.30%	1.55	%	to	2.37%	(1.19	)%	to	(0.15)%
	2015	22,418	$8.295657	to	$14.065519	$181,713	1.25	%	to	2.30%	1.30	%	to	1.33%	(4.23	)%	to	(3.22)%
	2014	23,587	$8.571474	to	$14.686660	$198,254	1.25	%	to	2.30%	1.33	%	to	1.51%	(11.55	)%	to	(10.61)%
	2013	25,866	$9.589137	to	$16.603933	$244,253	1.25	%	to	2.30%	2.39	%	to	2.52%	19.43	%	to	20.69%
Putnam VT International Equity Fund
	2017	28,739	$11.589569	to	$17.098285	$324,315	0.85	%	to	2.75%	0.41	%	to	2.17%	23.15	%	to	25.51%
	2016	32,659	$8.913224	to	$13.884178	$294,529	1.25	%	to	2.75%	3.35	%	to	3.70%	(5.10	)%	to	(3.67)%
	2015	49,032	$9.252407	to	$14.630565	$441,289	1.25	%	to	2.75%	1.10	%	to	1.15%	(2.58	)%	to	(1.10)%
	2014	45,974	$9.355678	to	$15.017522	$421,137	1.25	%	to	2.75%	—	%	to	0.89%	(9.31	)%	to	(7.94)%
	2013	53,270	$9.446836	to	$10.162125	$576,510	1.25	%	to	2.50%	1.41	%	to	1.71%	24.91	%	to	26.48%
Putnam VT Small Cap Value Fund
	2017	12,307	$21.636201	to	$29.607146	$264,445	0.85	%	to	2.70%	0.14	%	to	0.70%	5.00	%	to	6.96%
	2016	13,471	$19.525830	to	$28.197366	$276,555	1.25	%	to	2.70%	—	%	to	1.05%	24.10	%	to	25.91%
	2015	9,883	$14.115548	to	$15.507856	$163,592	1.25	%	to	2.45%	0.83	%	to	1.05%	(6.56	)%	to	(5.43)%
	2014	14,308	$15.106103	to	$16.398051	$274,439	1.25	%	to	2.45%	0.32	%	to	0.39%	0.93	%	to	2.15%
	2013	115,178	$14.966864	to	$16.053056	$2,440,595	1.25	%	to	2.45%	0.65	%	to	0.75%	36.23	%	to	37.87%
JPMorgan Insurance Trust Core Bond Portfolio
	2017	2,305,493	$12.274080	to	$13.040154	$32,676,592	1.25	%	to	2.40%	2.58	%	to	2.63%	1.12	%	to	2.29%



	2016	2,561,530	$12.138605	to	$12.748775	$35,591,635	1.25	%	to	2.40%	2.77	%	to	2.84%	(0.31	)%	to	0.85%
	2015	3,006,288	$12.175891	to	$12.641709	$41,578,351	1.25	%	to	2.40%	3.61	%	to	3.88%	(1.28	)%	to	(0.14)%
	2014	3,881,017	$12.333558	to	$12.659001	$53,888,162	1.25	%	to	2.40%	3.84	%	to	3.86%	2.43	%	to	3.61%
	2013	4,840,343	$12.040964	to	$12.217394	$65,170,524	1.25	%	to	2.40%	4.55	%	to	4.62%	(3.81	)%	to	(2.69)%
JPMorgan Insurance Trust U.S. Equity Portfolio
	2017	167,507	$28.425441	to	$30.791075	$4,794,811	1.35	%	to	2.40%	0.88	%	to	0.91%	19.43	%	to	20.69%
	2016	208,022	$23.552269	to	$25.781403	$4,941,254	1.35	%	to	2.40%	1.00	%	to	1.01%	8.31	%	to	9.45%
	2015	251,763	$21.518700	to	$23.804022	$5,467,830	1.35	%	to	2.40%	1.14	%	to	1.14%	(1.53	)%	to	(0.49)%
	2014	307,001	$17.827021	to	$24.173549	$6,700,919	1.25	%	to	2.40%	—	%	to	0.95%	11.20	%	to	12.49%
	2013	369,037	$19.243071	to	$21.738466	$7,175,293	1.35	%	to	2.40%	1.21	%	to	1.33%	32.99	%	to	34.39%
JPMorgan Insurance Trust Intrepid Mid Cap Portfolio+
	2017	—	$19.905020	to	$29.087587	$—	1.25	%	to	2.40%	—	%	to	—%	3.96	%	to	4.45%
	2016	225,916	$19.056887	to	$27.980930	$5,729,698	1.25	%	to	2.40%	0.73	%	to	0.75%	9.38	%	to	10.64%
	2015	269,373	$17.224146	to	$25.582389	$6,192,871	1.25	%	to	2.40%	0.35	%	to	0.65%	(8.10	)%	to	(7.04)%
	2014	330,353	$18.528810	to	$27.838671	$8,187,654	1.25	%	to	2.40%	0.63	%	to	0.65%	13.12	%	to	14.42%
	2013	430,868	$16.193109	to	$24.610629	$9,333,904	1.25	%	to	2.40%	1.02	%	to	1.05%	37.26	%	to	38.84%
JPMorgan Insurance Trust Mid Cap Value Portfolio
	2017	119,256	$28.806816	to	$32.295239	$3,453,381	1.35	%	to	2.40%	0.81	%	to	0.81%	11.07	%	to	12.24%
	2016	147,100	$25.665526	to	$29.077072	$3,791,920	1.35	%	to	2.40%	0.87	%	to	0.87%	11.98	%	to	13.16%
	2015	177,496	$22.681297	to	$25.967316	$4,053,803	1.35	%	to	2.40%	0.98	%	to	1.01%	(4.96	)%	to	(3.96)%
	2014	214,666	$18.991034	to	$27.323907	$5,113,560	1.25	%	to	2.40%	0.68	%	to	0.79%	12.38	%	to	13.68%
	2013	284,535	$16.705994	to	$24.314080	$6,014,616	1.25	%	to	2.40%	1.02	%	to	1.12%	29.17	%	to	30.66%
Putnam VT Equity Income Fund
	2017	5,059	$23.484207	to	$30.692956	$151,942	0.50	%	to	0.75%	1.67	%	to	1.67%	17.89	%	to	18.18%
	2016	5,229	$20.012284	to	$25.971361	$133,076	0.50	%	to	1.45%	—	%	to	1.79%	12.01	%	to	13.08%
	2015	8,387	$17.866924	to	$22.967914	$174,014	0.50	%	to	1.45%	1.60	%	to	1.61%	(4.44	)%	to	(3.53)%
	2014	8,427	$18.696791	to	$23.807401	$182,017	0.50	%	to	1.45%	—	%	to	1.70%	11.04	%	to	12.10%
	2013	3,045	$16.413133	to	$21.237933	$63,117	0.50	%	to	0.75%	1.90	%	to	1.91%	31.43	%	to	31.75%
PIMCO All Asset Fund
	2017	11,313	$12.308429	to	$13.144011	$146,745	0.50	%	to	1.45%	4.52	%	to	4.55%	11.75	%	to	12.81%
	2016	11,674	$11.014586	to	$11.651192	$134,456	0.50	%	to	1.45%	2.35	%	to	2.53%	11.28	%	to	12.34%
	2015	12,237	$9.898136	to	$10.371232	$125,613	0.50	%	to	1.45%	2.22	%	to	3.12%	(10.49	)%	to	(9.64)%
	2014	14,522	$11.058750	to	$11.477712	$165,373	0.50	%	to	1.45%	5.10	%	to	5.11%	(0.99	)%	to	(0.05)%
	2013	14,599	$11.169440	to	$11.482988	$166,670	0.50	%	to	1.45%	4.50	%	to	4.52%	(1.33	)%	to	(0.39)%
PIMCO StocksPLUS Global Portfolio
	2017	27,479	$13.707092	to	$14.637587	$397,931	0.50	%	to	1.45%	3.31	%	to	3.32%	21.22	%	to	22.38%
	2016	37,054	$11.307594	to	$11.961135	$438,441	0.50	%	to	1.45%	5.01	%	to	5.06%	6.20	%	to	7.21%
	2015	44,135	$10.647811	to	$11.156688	$487,826	0.50	%	to	1.45%	5.82	%	to	5.83%	(10.33	)%	to	(9.47)%
	2014	41,924	$11.874091	to	$12.323864	$513,126	0.50	%	to	1.45%	—	%	to	—%	(0.55	)%	to	0.40%
	2013	65,531	$11.939466	to	$12.274554	$799,977	0.50	%	to	1.45%	2.09	%	to	2.19%	17.48	%	to	18.60%
PIMCO Global Multi-Asset Managed Allocation Portfolio
	2017	3,667	$10.985891	to	$11.274622	$41,112	0.75	%	to	1.45%	0.61	%	to	2.15%	12.35	%	to	13.14%
	2016	838	$9.777967	to	$9.777967	$8,191	1.45	%	to	1.45%	2.18	%	to	2.18%	2.42	%	to	2.42%
	2015	1,127	$9.546608	to	$9.546608	$10,755	1.45	%	to	1.45%	1.50	%	to	1.50%	(1.69	)%	to	(1.69)%
	2014	1,479	$9.711208	to	$9.711208	$14,359	1.45	%	to	1.45%	2.50	%	to	2.50%	3.07	%	to	3.07%
	2013	1,287	$9.422341	to	$9.422341	$12,126	1.45	%	to	1.45%	3.15	%	to	3.15%	(9.23	)%	to	(9.23)%



Jennison 20/20 Focus Fund
	2017	10,986	$2.553982	to	$27.660366	$32,831	1.40	%	to	2.00%	—	%	to	—%	27.18	%	to	27.94%
	2016	15,002	$2.008202	to	$21.619448	$54,270	1.40	%	to	2.00%	—	%	to	—%	(0.77	)%	to	(0.18)%
	2015	18,387	$2.023887	to	$21.657844	$85,344	1.40	%	to	2.00%	—	%	to	—%	3.77	%	to	4.39%
	2014	19,143	$1.950413	to	$20.746804	$84,887	1.40	%	to	2.00%	—	%	to	—%	4.59	%	to	5.22%
	2013	38,613	$1.864812	to	$19.717593	$144,028	1.40	%	to	2.00%	—	%	to	—%	26.79	%	to	27.56%
Jennison Fund
	2017	59,180	$1.984309	to	$16.225624	$165,240	1.40	%	to	2.35%	—	%	to	—%	32.97	%	to	34.24%
	2016	61,143	$1.492264	to	$12.087007	$133,406	1.40	%	to	2.35%	—	%	to	—%	(3.58	)%	to	(2.66)%
	2015	63,080	$1.547742	to	$12.417700	$155,175	1.40	%	to	2.35%	—	%	to	—%	8.45	%	to	9.49%
	2014	65,300	$1.427132	to	$11.341760	$151,007	1.40	%	to	2.35%	—	%	to	—%	7.04	%	to	8.06%
	2013	70,640	$1.333306	to	$10.495963	$171,440	1.40	%	to	2.35%	—	%	to	—%	33.93	%	to	35.21%
Prudential Value Portfolio
	2017	9,637	$1.873801	to	$2.096526	$19,583	1.40	%	to	2.10%	—	%	to	—%	14.09	%	to	14.89%
	2016	24,960	$1.642440	to	$1.824867	$44,591	1.40	%	to	2.10%	—	%	to	—%	8.65	%	to	9.41%
	2015	27,009	$1.511691	to	$1.667869	$44,106	1.40	%	to	2.10%	—	%	to	—%	(10.45	)%	to	(9.82)%
	2014	35,071	$1.688033	to	$1.849417	$63,429	1.40	%	to	2.10%	—	%	to	—%	7.38	%	to	8.14%
	2013	44,030	$1.571987	to	$1.710270	$73,096	1.40	%	to	2.10%	—	%	to	—%	29.78	%	to	30.69%
Prudential SP International Growth Portfolio
	2017	7,083	$1.278383	to	$1.445916	$10,241	1.40	%	to	2.15%	—	%	to	—%	32.54	%	to	33.54%
	2016	11,950	$0.964520	to	$1.082783	$12,396	1.40	%	to	2.15%	—	%	to	—%	(6.20	)%	to	(5.49)%
	2015	12,266	$1.028283	to	$1.145724	$13,515	1.40	%	to	2.15%	—	%	to	—%	0.89	%	to	1.65%
	2014	12,584	$1.019173	to	$1.127083	$13,687	1.40	%	to	2.15%	—	%	to	—%	(8.12	)%	to	(7.42)%
	2013	12,758	$1.142761	to	$1.217463	$15,201	1.40	%	to	1.90%	—	%	to	—%	16.28	%	to	16.87%
ClearBridge Variable Dividend Strategy Portfolio
	2017	1,375	$18.057513	to	$18.057513	$24,822	1.40	%	to	1.40%	1.53	%	to	1.53%	17.52	%	to	17.52%
	2016	1,385	$15.365722	to	$15.365722	$21,280	1.40	%	to	1.40%	1.33	%	to	1.33%	13.39	%	to	13.39%
	2015	1,814	$13.551233	to	$13.551233	$24,578	1.40	%	to	1.40%	1.10	%	to	1.10%	(5.63	)%	to	(5.63)%
	2014	5,561	$14.360146	to	$14.360146	$79,854	1.40	%	to	1.40%	2.77	%	to	2.77%	12.03	%	to	12.03%
	2013	3,413	$12.817744	to	$12.817744	$43,742	1.40	%	to	1.40%	1.49	%	to	1.49%	24.19	%	to	24.19%
Western Asset Variable Global High Yield Bond Portfolio
	2017	13,740	$2.581684	to	$2.581684	$35,473	1.40	%	to	1.40%	5.31	%	to	5.31%	7.14	%	to	7.14%
	2016	14,120	$2.409606	to	$2.409606	$34,023	1.40	%	to	1.40%	4.76	%	to	4.76%	14.00	%	to	14.00%
	2015	20,395	$2.113727	to	$2.113727	$43,110	1.40	%	to	1.40%	6.10	%	to	6.10%	(7.15	)%	to	(7.15)%
	2014	20,880	$2.276448	to	$2.276448	$47,531	1.40	%	to	1.40%	7.17	%	to	7.17%	(2.53	)%	to	(2.53)%
	2013	25,701	$2.228463	to	$2.335447	$59,494	1.40	%	to	1.75%	6.01	%	to	6.02%	4.43	%	to	4.79%
ClearBridge Variable Large Cap Value Portfolio
	2017	258,254	$2.512622	to	$2.581528	$666,689	1.40	%	to	1.55%	0.05	%	to	1.37%	13.07	%	to	13.24%
	2016	291,027	$2.222184	to	$2.279705	$662,586	1.40	%	to	1.55%	1.43	%	to	1.59%	11.26	%	to	11.43%
	2015	336,925	$1.997233	to	$2.045867	$688,569	1.40	%	to	1.55%	1.41	%	to	1.49%	(4.36	)%	to	(4.22)%
	2014	397,427	$2.077319	to	$2.135987	$847,877	1.40	%	to	1.60%	1.71	%	to	5.60%	9.94	%	to	10.16%
	2013	124,316	$1.898638	to	$1.939051	$240,740	1.40	%	to	1.55%	1.52	%	to	1.69%	30.34	%	to	30.53%
Invesco V.I. Growth and Income Fund
	2017	63,581	$20.446817	to	$24.364558	$1,314,368	0.85	%	to	2.75%	1.22	%	to	1.29%	10.94	%	to	13.07%
	2016	80,338	$18.083109	to	$21.961036	$1,494,723	0.85	%	to	2.75%	0.90	%	to	0.91%	16.19	%	to	18.42%
	2015	85,325	$15.270465	to	$18.900842	$1,353,083	0.85	%	to	2.75%	2.55	%	to	2.61%	(5.94	)%	to	(4.13)%



	2014	99,844	$15.928552	to	$20.093823	$1,644,004	0.85	%	to	2.75%	1.24	%	to	1.45%	6.98	%	to	9.03%
	2013	119,603	$14.608687	to	$18.782197	$1,807,129	0.85	%	to	2.75%	1.23	%	to	1.29%	30.14	%	to	32.64%
Invesco V.I. Comstock Fund
	2017	8,337	$27.072505	to	$30.317055	$233,473	1.35	%	to	2.75%	1.95	%	to	2.62%	14.39	%	to	16.00%
	2016	9,115	$23.667346	to	$26.135580	$218,390	1.35	%	to	2.75%	1.33	%	to	1.34%	13.81	%	to	15.42%
	2015	11,161	$20.794676	to	$22.644138	$234,196	1.35	%	to	2.75%	1.02	%	to	1.69%	(8.74	)%	to	(7.45)%
	2014	14,920	$22.786296	to	$24.467663	$344,156	1.35	%	to	2.75%	0.46	%	to	0.77%	6.14	%	to	7.64%
	2013	21,306	$21.467646	to	$22.731362	$461,999	1.35	%	to	2.75%	1.43	%	to	1.46%	31.98	%	to	33.84%
Invesco V.I. American Franchise Fund
	2017	895,002	$18.217547	to	$20.796354	$17,285,030	0.85	%	to	2.80%	0.01	%	to	0.08%	23.83	%	to	26.26%
	2016	991,273	$14.711905	to	$16.470522	$15,346,497	0.85	%	to	2.80%	—	%	to	—%	(0.56	)%	to	1.40%
	2015	1,171,229	$14.794375	to	$16.242854	$18,063,322	0.85	%	to	2.80%	—	%	to	—%	2.11	%	to	4.12%
	2014	1,365,951	$14.489106	to	$15.600423	$20,422,512	0.85	%	to	2.80%	0.04	%	to	0.04%	5.45	%	to	7.52%
	2013	1,684,210	$13.759971	to	$14.509057	$23,661,515	0.85	%	to	2.75%	0.44	%	to	0.47%	36.34	%	to	38.95%
Invesco V.I. Mid Cap Growth Fund
	2017	167,537	$15.740859	to	$16.966627	$2,776,178	1.25	%	to	2.75%	—	%	to	—%	19.17	%	to	20.63%
	2016	194,581	$13.208587	to	$14.065558	$2,687,446	1.25	%	to	2.75%	—	%	to	—%	(1.98	)%	to	(0.68)%
	2015	249,472	$13.475099	to	$14.161423	$3,480,279	1.25	%	to	2.75%	—	%	to	—%	(1.54	)%	to	(0.21)%
	2014	259,838	$13.685733	to	$14.191681	$3,645,741	1.25	%	to	2.75%	—	%	to	—%	5.11	%	to	6.35%
	2013	302,812	$13.020689	to	$13.482480	$4,006,422	0.85	%	to	2.75%	0.40	%	to	0.41%	33.30	%	to	35.86%
Wells Fargo VT Index Asset Allocation Fund
	2017	5,077	$2.361191	to	$23.489624	$27,524	1.35	%	to	2.10%	0.75	%	to	0.75%	9.92	%	to	10.74%
	2016	5,133	$2.132126	to	$21.370472	$25,604	1.35	%	to	2.10%	0.88	%	to	0.89%	5.43	%	to	6.23%
	2015	5,176	$2.007157	to	$20.269257	$25,491	1.35	%	to	2.10%	1.03	%	to	1.03%	(0.86	)%	to	(0.11)%
	2014	5,151	$2.009342	to	$20.444198	$25,594	1.35	%	to	2.10%	1.53	%	to	1.53%	15.61	%	to	16.48%
	2013	5,164	$1.725118	to	$17.684334	$22,832	1.35	%	to	2.10%	1.64	%	to	1.65%	17.15	%	to	18.03%
Wells Fargo VT International Equity Fund
	2017	530,559	$1.261646	to	$11.386150	$936,757	1.25	%	to	2.20%	3.03	%	to	3.92%	22.14	%	to	23.31%
	2016	646,667	$8.305074	to	$9.234000	$884,469	1.25	%	to	2.45%	—	%	to	3.71%	0.75	%	to	1.97%
	2015	759,073	$8.242927	to	$9.055534	$1,052,786	1.25	%	to	2.45%	3.98	%	to	4.29%	(0.18	)%	to	1.02%
	2014	916,944	$8.257845	to	$8.963675	$1,251,584	1.25	%	to	2.45%	2.98	%	to	3.25%	(7.59	)%	to	(6.48)%
	2013	1,080,926	$1.074273	to	$9.584438	$1,533,961	1.25	%	to	2.50%	2.31	%	to	2.31%	16.98	%	to	18.45%
Wells Fargo VT Small Cap Growth Fund
	2017	41,722	$21.706710	to	$22.530277	$910,299	0.65	%	to	2.50%	—	%	to	—%	23.03	%	to	25.04%
	2016	47,614	$17.361509	to	$18.018017	$841,126	0.65	%	to	2.75%	—	%	to	—%	5.17	%	to	7.05%
	2015	61,879	$16.507795	to	$16.831607	$1,040,984	0.65	%	to	2.75%	—	%	to	—%	(5.28	)%	to	(3.51)%
	2014	73,196	$17.444155	to	$17.622403	$1,276,117	0.65	%	to	2.50%	—	%	to	—%	(4.10	)%	to	(2.51)%
	2013	100,196	$17.893814	to	$18.376160	$1,790,728	0.65	%	to	2.50%	—	%	to	—%	46.84	%	to	49.26%
Wells Fargo VT Discovery Fund
	2017	278	$33.198862	to	$33.198862	$9,240	1.35	%	to	1.35%	—	%	to	—%	27.40	%	to	27.40%
	2016	280	$26.058826	to	$26.058826	$7,307	1.35	%	to	1.35%	—	%	to	—%	6.20	%	to	6.20%
	2015	283	$24.537066	to	$24.537066	$6,936	1.35	%	to	1.35%	—	%	to	—%	(2.78	)%	to	(2.78)%
	2014	285	$25.239790	to	$25.239790	$7,188	1.35	%	to	1.35%	—	%	to	—%	(0.99	)%	to	(0.99)%
	2013	287	$25.492367	to	$25.492367	$7,313	1.35	%	to	1.35%	0.01	%	to	0.01%	41.88	%	to	41.88%
Wells Fargo VT Opportunity Fund
	2017	312,160	$19.668343	to	$22.612128	$6,589,273	0.50	%	to	2.70%	0.92	%	to	0.93%	17.51	%	to	20.12%



	2016	390,053	$16.737469	to	$18.824251	$6,934,766	0.50	%	to	2.70%	2.31	%	to	2.32%	9.52	%	to	11.96%
	2015	485,829	$15.282108	to	$16.813490	$7,798,176	0.50	%	to	2.70%	0.40	%	to	0.40%	(5.44	)%	to	(3.33)%
	2014	570,752	$16.160679	to	$17.392982	$9,578,830	0.50	%	to	2.70%	0.27	%	to	0.30%	7.75	%	to	10.15%
	2013	651,119	$14.997820	to	$15.790336	$10,026,795	0.50	%	to	2.70%	0.43	%	to	0.43%	27.51	%	to	30.34%
HIMCO VIT Index Fund
	2017	160,611	$9.850096	to	$32.314396	$4,335,838	0.30	%	to	1.55%	1.79	%	to	1.82%	19.27	%	to	20.77%
	2016	199,812	$8.258880	to	$26.757917	$4,462,379	0.30	%	to	1.55%	2.14	%	to	2.18%	9.63	%	to	11.00%
	2015	380,715	$7.533751	to	$24.105494	$7,346,949	0.30	%	to	1.55%	0.36	%	to	0.36%	(0.73	)%	to	0.52%
	2014	445,505	$7.588987	to	$23.980581	$8,233,419	0.30	%	to	1.55%	—	%	to	—%	4.53	%	to	5.04%
HIMCO VIT Portfolio Diversifier Fund
	2017	4,755,082	$6.615585	to	$7.159054	$32,935,412	0.30	%	to	1.50%	1.03	%	to	1.05%	(4.80	)%	to	(3.65)%
	2016	4,883,341	$6.949282	to	$7.430450	$35,259,019	0.30	%	to	1.50%	—	%	to	—%	(5.97	)%	to	(4.84)%
	2015	5,383,368	$7.390702	to	$7.808156	$40,909,430	0.30	%	to	1.50%	0.88	%	to	0.90%	(3.35	)%	to	(2.18)%
	2014	5,887,625	$7.646781	to	$7.982319	$45,971,154	0.30	%	to	1.50%	0.16	%	to	0.16%	(1.71	)%	to	(1.21)%
HIMCO VIT American Funds Asset Allocation Fund+
	2017	—	$21.420711	to	$24.086287	$—	0.50	%	to	2.70%	1.39	%	to	1.40%	11.55	%	to	13.75%
	2016	703,450	$19.202463	to	$21.174688	$10,994,667	0.50	%	to	2.70%	2.57	%	to	2.58%	6.20	%	to	8.57%
	2015	809,331	$18.080606	to	$19.503864	$11,936,057	0.50	%	to	2.70%	1.19	%	to	1.48%	(1.58	)%	to	0.61%
	2014	968,395	$18.370397	to	$19.385213	$14,244,987	0.50	%	to	2.70%	—	%	to	—%	0.71	%	to	1.71%
HIMCO VIT American Funds Blue Chip Income and Growth Fund+
	2017	—	$25.085495	to	$29.235710	$—	0.30	%	to	2.70%	—	%	to	2.38%	7.48	%	to	9.79%
	2016	339,197	$23.339640	to	$26.627915	$5,834,754	0.30	%	to	2.70%	—	%	to	2.42%	15.31	%	to	18.11%
	2015	373,850	$20.241470	to	$22.545865	$5,481,238	0.30	%	to	2.70%	—	%	to	2.67%	(5.88	)%	to	(3.59)%
	2014	541,025	$21.505458	to	$23.129642	$8,277,687	0.50	%	to	2.70%	—	%	to	—%	4.60	%	to	5.61%
HIMCO VIT American Funds Bond Fund+
	2017	—	$11.702574	to	$13.036081	$—	0.50	%	to	2.70%	2.67	%	to	2.84%	0.83	%	to	2.81%
	2016	2,009,419	$11.606782	to	$12.679373	$22,126,930	0.50	%	to	2.70%	3.31	%	to	3.45%	(0.08	)%	to	2.14%
	2015	2,302,388	$11.615955	to	$12.413281	$25,074,597	0.50	%	to	2.70%	1.77	%	to	1.79%	(2.72	)%	to	(0.56)%
	2014	2,607,898	$11.940819	to	$12.482760	$28,842,823	0.50	%	to	2.70%	—	%	to	—%	(0.24	)%	to	0.75%
HIMCO VIT American Funds Global Bond Fund+
	2017	—	$10.782393	to	$12.016841	$—	0.50	%	to	2.70%	0.03	%	to	0.41%	3.10	%	to	5.14%
	2016	195,130	$10.457762	to	$11.429702	$2,047,315	0.50	%	to	2.70%	1.25	%	to	1.48%	(0.33	)%	to	1.89%
	2015	211,199	$10.491931	to	$11.217539	$2,195,411	0.50	%	to	2.70%	0.18	%	to	1.30%	(6.94	)%	to	(4.87)%
	2014	282,563	$11.274306	to	$11.791607	$3,124,726	0.50	%	to	2.70%	—	%	to	—%	(4.94	)%	to	(3.98)%
HIMCO VIT American Funds Global Growth and Income Fund+
	2017	—	$24.016137	to	$25.139894	$—	0.50	%	to	2.70%	1.41	%	to	1.51%	20.85	%	to	23.23%
	2016	610,788	$19.872892	to	$20.400844	$7,883,384	0.50	%	to	2.70%	1.91	%	to	1.96%	4.17	%	to	6.48%
	2015	729,340	$19.078079	to	$19.158852	$8,902,134	0.50	%	to	2.70%	3.40	%	to	3.41%	(4.26	)%	to	(2.13)%
	2014	870,819	$19.576024	to	$19.927300	$10,977,894	0.50	%	to	2.70%	—	%	to	—%	(1.64	)%	to	(0.68)%
HIMCO VIT American Funds Global Growth Fund+
	2017	—	$26.626550	to	$26.859061	$—	0.50	%	to	2.70%	0.84	%	to	0.91%	26.66	%	to	29.16%
	2016	173,681	$20.795815	to	$21.021891	$2,472,320	0.50	%	to	2.70%	1.91	%	to	1.97%	(2.52	)%	to	(0.35)%
	2015	180,099	$20.869025	to	$21.565093	$2,564,372	0.50	%	to	2.70%	0.73	%	to	0.81%	3.76	%	to	6.06%
	2014	207,773	$19.675954	to	$20.784553	$2,818,287	0.50	%	to	2.70%	—	%	to	—%	(0.84	)%	to	0.08%
HIMCO VIT American Funds Global Small Capitalization Fund+
	2017	—	$22.645180	to	$24.959629	$—	0.50	%	to	2.70%	0.13	%	to	0.17%	18.64	%	to	20.98%



	2016	584,693	$19.001544	to	$21.038167	$6,726,620	0.30	%	to	2.70%	—	%	to	0.42%	(1.04	)%	to	1.36%
	2015	678,686	$18.503779	to	$21.259400	$7,747,579	0.50	%	to	2.70%	—	%	to	—%	(2.69	)%	to	(0.53)%
	2014	767,195	$18.601443	to	$21.847319	$8,846,403	0.50	%	to	2.70%	—	%	to	—%	(3.20	)%	to	(2.30)%
HIMCO VIT American Funds Growth Fund+
	2017	—	$30.498410	to	$32.610278	$—	0.30	%	to	2.75%	—	%	to	0.47%	22.18	%	to	24.87%
	2016	2,798,615	$24.960991	to	$26.115777	$45,226,399	0.30	%	to	2.75%	—	%	to	0.32%	6.14	%	to	8.78%
	2015	3,486,242	$23.516099	to	$24.008732	$52,215,077	0.30	%	to	2.75%	—	%	to	0.91%	3.61	%	to	6.18%
	2014	4,105,677	$22.363732	to	$22.696589	$58,431,416	0.50	%	to	2.75%	—	%	to	—%	2.65	%	to	3.63%
HIMCO VIT American Funds Growth-Income Fund+
	2017	—	$26.231704	to	$28.909465	$—	0.50	%	to	2.70%	1.66	%	to	1.74%	15.02	%	to	17.29%
	2016	1,506,213	$22.805660	to	$24.647958	$24,549,345	0.50	%	to	2.70%	1.59	%	to	1.66%	8.25	%	to	10.65%
	2015	1,813,589	$21.068239	to	$22.274851	$27,011,054	0.50	%	to	2.70%	0.93	%	to	1.04%	(1.50	)%	to	0.69%
	2014	2,083,358	$21.389833	to	$22.122666	$30,983,947	0.50	%	to	2.70%	—	%	to	—%	1.66	%	to	2.66%
HIMCO VIT American Funds International Fund+
	2017	—	$19.407948	to	$19.450320	$—	0.30	%	to	2.70%	—	%	to	1.27%	25.79	%	to	28.50%
	2016	2,649,235	$15.136960	to	$15.428869	$25,959,834	0.30	%	to	2.70%	—	%	to	1.38%	0.52	%	to	2.96%
	2015	3,132,226	$14.511118	to	$15.348523	$30,118,413	0.50	%	to	2.70%	1.19	%	to	1.21%	(7.37	)%	to	(5.31)%
	2014	3,511,918	$15.494184	to	$16.569762	$35,929,589	0.30	%	to	2.70%	—	%	to	—%	(6.81	)%	to	(5.87)%
HIMCO VIT American Funds New World Fund+
	2017	—	$18.595845	to	$19.151094	$—	0.50	%	to	2.70%	0.42	%	to	0.44%	24.38	%	to	26.83%
	2016	386,224	$14.883842	to	$15.397371	$3,954,961	0.30	%	to	2.70%	—	%	to	2.12%	2.09	%	to	4.57%
	2015	464,236	$14.049114	to	$15.081704	$4,589,521	0.50	%	to	2.70%	0.88	%	to	1.07%	(6.09	)%	to	(4.00)%
	2014	534,411	$14.796659	to	$16.060062	$5,553,590	0.30	%	to	2.70%	—	%	to	—%	(13.28	)%	to	(12.39)%
MFS® Core Equity Portfolio
	2017	372,778	$13.265075	to	$13.797841	$5,067,714	1.35	%	to	2.70%	0.63	%	to	0.88%	21.50	%	to	23.15%
	2016	419,240	$10.917513	to	$11.257684	$4,652,446	1.10	%	to	2.70%	0.78	%	to	0.86%	8.41	%	to	10.16%
	2015	477,344	$10.070613	to	$10.219591	$4,844,572	1.10	%	to	2.70%	0.53	%	to	0.55%	0.71	%	to	2.20%
MFS® Massachusetts Investors Growth Stock Portfolio
	2017	530,023	$12.932622	to	$13.471689	$7,033,724	1.35	%	to	2.75%	0.55	%	to	0.65%	24.94	%	to	26.70%
	2016	613,346	$10.350730	to	$10.683492	$6,458,277	1.10	%	to	2.75%	0.59	%	to	0.60%	3.20	%	to	4.91%
	2015	672,245	$10.029965	to	$10.183003	$6,798,502	1.10	%	to	2.75%	0.49	%	to	0.50%	0.30	%	to	1.83%
MFS® Research International Portfolio
	2017	826,341	$11.368649	to	$12.034167	$9,677,041	0.85	%	to	2.80%	1.84	%	to	1.89%	24.75	%	to	27.21%
	2016	1,020,912	$9.113093	to	$9.460449	$9,488,547	0.85	%	to	2.80%	1.63	%	to	1.64%	(3.44	)%	to	(1.54)%
	2015	1,194,012	$9.438105	to	$9.608632	$11,376,017	0.85	%	to	2.80%	1.97	%	to	1.98%	(5.62	)%	to	(3.91)%
Columbia Variable Portfolio - Large Cap Growth Fund
	2017	577,359	$13.058934	to	$13.317231	$7,631,383	1.70	%	to	2.80%	—	%	to	—%	24.60	%	to	25.98%
	2016	640,820	$10.480645	to	$10.571146	$6,752,146	1.70	%	to	2.80%	—	%	to	—%	4.81	%	to	5.71%
Columbia Variable Portfolio - Select International Equity Fund
	2017	446,682	$12.051765	to	$12.290283	$5,443,403	1.70	%	to	2.80%	1.86	%	to	1.90%	23.67	%	to	25.04%
	2016	510,759	$9.744961	to	$9.829212	$5,001,617	1.70	%	to	2.80%	1.08	%	to	1.10%	(2.55	)%	to	(1.71)%
Variable Portfolio - Loomis Sayles Growth Fund
	2017	407,908	$13.656632	to	$13.914318	$5,632,950	1.70	%	to	2.75%	—	%	to	—%	29.43	%	to	30.79%
	2016	452,246	$10.551696	to	$10.638654	$4,794,952	1.70	%	to	2.75%	—	%	to	—%	5.52	%	to	6.39%

*Represents the annualized contract expenses of the Sub-Account for the period indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the Funds and charges made directly to contract owner accounts through the redemption of units. Where the expense ratio is the same for each unit value, it is presented in both the lowest and highest columns.

**These amounts represent the dividends, excluding distributions of capital gains, received by the Sub-Account from the Fund, net of management fees assessed by the Fund’s manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense risk charges, that result in direct reductions in the unit values. The recognition of investment income by the Sub-Account is affected by the timing of the declaration of dividends by the Fund in which the Sub-Account invests. Where the investment income ratio is the same for each unit value, it is presented in both the lowest and highest columns.

***Represents the total return for the period indicated and reflects a deduction only for expenses assessed through the daily unit value calculation. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Investment options with a date notation in the notes on the Statements of Operations indicate the effective date of that investment option in the Account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period.

# Rounded units/unit fair values. Where only one unit value exists, it is presented in both the lowest and highest columns.

+ See Note 1 for additional information related to this Sub-Account.

7. Subsequent Events:

Management has evaluated events subsequent to December 31, 2017 through the date of issuance noting there are no subsequent events requiring adjustment or disclosure in the financial statements.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholder of

Hartford Life Insurance Company

Hartford, Connecticut

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Hartford Life Insurance Company and subsidiaries (the "Company") as of December 31, 2017 and 2016, the related consolidated statements of operations, comprehensive income, shareholders' equity, and cash flows, for each of the three years in the period ended December 31, 2017, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2017 and 2016, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2017, in conformity with the accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ DELOITTE & TOUCHE LLP

Hartford, Connecticut

March 1, 2018

We have served as the Company’s auditor since 2002.

F- 1

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

Consolidated Statements of Operations



	For the years ended December 31,
(In millions)	2017			2016			2015
Revenues
Fee income and other	$	906		$	969		$	1,097
Earned premiums	105			203			92
Net investment income	1,281			1,373			1,456
Net realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses	(16		)	(29		)	(63		)
OTTI losses recognized in other comprehensive income	2			1			2
Net OTTI losses recognized in earnings	(14		)	(28		)	(61		)
Other net realized capital losses	(46		)	(135		)	(85		)
Total net realized capital losses	(60		)	(163		)	(146		)
Total revenues	2,232			2,382			2,499
Benefits, losses and expenses
Benefits, loss and loss adjustment expenses	1,406			1,437			1,402
Amortization of deferred policy acquisition costs ("DAC")	48			114			69
Insurance operating costs and other expenses	400			472			524
Reinsurance gain on disposition	—			—			(28		)
Dividends to policyholders	2			3			2
Total benefits, losses and expenses	1,856			2,026			1,969
Income before income taxes	376			356			530
Income tax expense	422			74			30
Net (loss) income	$	(46	)	$	282		$	500

See Notes to Consolidated Financial Statements.

F- 2

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income (Loss)



	Year Ended December 31,
(In millions)	2017			2016			2015
Net (loss) income	$	(46	)	$	282		$	500
Other comprehensive income (loss):
Change in net unrealized gain on securities	329			154			(615		)
Change in net gain on cash-flow hedging instruments	(28		)	(25		)	(13		)
OCI, net of tax	301			129			(628		)
Comprehensive income (loss)	$	255		$	411		$	(128	)

See Notes to Consolidated Financial Statements.

F- 3

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

Consolidated Balance Sheets



	As of December 31,
(In millions, except for share data)	2017		2016
Assets
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $20,914 and $22,507)	$	22,799	$	23,819
Fixed maturities, at fair value using the fair value option	32		82
Equity securities, available-for-sale, at fair value (cost of $140 and $142)	154		152
Mortgage loans (net of allowance for loan losses of $0 and $19)	2,872		2,811
Policy loans, at outstanding balance	1,432		1,442
Limited partnerships and other alternative investments	1,001		930
Other investments	213		293
Short-term investments	1,094		1,349
Total investments	29,597		30,878
Cash	537		554
Premiums receivable and agents’ balances, net	15		18
Reinsurance recoverables	20,785		20,725
Deferred policy acquisition costs	405		463
Deferred income taxes, net	556		1,437
Other assets	1,003		606
Separate account assets	115,834		115,665
Total assets	$	168,732	$	170,346
Liabilities
Reserve for future policy benefits	$	14,482	$	14,000
Other policyholder funds and benefits payable	29,228		30,588
Other liabilities	2,508		2,272
Separate account liabilities	115,834		115,665
Total liabilities	162,052		162,525
Commitments and Contingencies (Note 10)
Stockholder’s Equity
Common stock—1,000 shares authorized, issued and outstanding, par value $5,690	6		6
Additional paid-in capital	3,539		4,935
Accumulated other comprehensive income, net of tax	1,023		722
Retained earnings	2,112		2,158
Total stockholder’s equity	6,680		7,821
Total liabilities and stockholder’s equity	$	168,732	$	170,346

See Notes to Consolidated Financial Statements.

F- 4

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

Consolidated Statements of Changes in Stockholder's Equity



	Year Ended December 31,
(In millions, except for share data)	2017			2016			2015
Common Stock	$	6		$	6		$	6
Additional Paid-in Capital
Additional Paid-in Capital, beginning of period	4,935			5,687			6,688
Return of capital to parent	(1,396		)	(752		)	(1,001		)
Additional Paid-in Capital, end of period	3,539			4,935			5,687
Retained Earnings
Retained Earnings, beginning of period	2,158			1,876			1,376
Net (loss) income	(46		)	282			500
Retained Earnings, end of period	2,112			2,158			1,876
Accumulated Other Comprehensive Income, net of tax
Accumulated Other Comprehensive Income, net of tax, beginning of period	722			593			1,221
Total other comprehensive income	301			129			(628		)
Accumulated Other Comprehensive Income, net of tax, end of period	1,023			722			593
Total Stockholder’s Equity	$	6,680		$	7,821		$	8,162

See Notes to Consolidated Financial Statements.

F- 5

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

Consolidated Statements of Cash Flows



	For the years ended December 31,
(In millions)	2017			2016			2015
Operating Activities
Net (loss) income	$	(46	)	$	282		$	500
Adjustments to reconcile net (loss) income to net cash provided by operating activities
Net realized capital losses	60			163			146
Amortization of deferred policy acquisition costs	48			114			69
Additions to deferred policy acquisition costs	(2		)	(7		)	(7		)
Reinsurance gain on disposition	—			—			(28		)
Depreciation and amortization (accretion), net	31			9			(14		)
Other operating activities, net	143			33			38
Change in assets and liabilities:
Decrease (increase) in reinsurance recoverables	4			117			(14		)
(Decrease) increase in accrued and deferred income taxes	(5		)	278			(62		)
Impact of tax reform on accrued and deferred income taxes	396			—			—
Increase in unpaid losses and loss adjustment expenses, reserve for future policy benefits, and unearned premiums	387			111			276
Net changes in other assets and other liabilities	(219		)	(316		)	(222		)
Net cash provided by operating activities	797			784			682
Investing Activities
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	10,315			10,152			11,465
Fixed maturities, fair value option	50			68			107
Equity securities, available-for-sale	203			321			586
Mortgage loans	396			371			467
Partnerships	113			395			252
Payments for the purchase of:
Fixed maturities and short-term investments, available-for-sale	(8,713		)	(8,889		)	(11,755		)
Fixed maturities, fair value option	—			(29		)	(67		)
Equity securities, available-for-sale	(199		)	(58		)	(535		)
Mortgage loans	(469		)	(263		)	(282		)
Partnerships	(235		)	(151		)	(199		)
Net payments for derivatives	(283		)	(261		)	(167		)
Net increase (decrease) in policy loans	12			2			(31		)
Net additions to property and equipment	(18		)	—			—
Net proceeds from (payments for) short-term investments	251			(769		)	1,604
Other investing activities, net	43			(25		)	1
Net cash provided by investing activities	1,466			864			1,446
Financing Activities
Deposits and other additions to investment and universal life-type contracts	4,549			4,162			4,674
Withdrawals and other deductions from investment and universal life-type contracts	(13,749		)	(14,871		)	(16,972		)
Net transfers from separate accounts related to investment and universal life-type contracts	7,969			9,811			10,987
Net increase in securities loaned or sold under agreements to repurchase	360			268			264
Return of capital to parent	(1,396		)	(752		)	(1,001		)
Net repayments at maturity or settlement of consumer notes	(13		)	(17		)	(33		)
Net cash used for financing activities	(2,280		)	(1,399		)	(2,081		)
Net (decrease) increase in cash	(17		)	249			47
Cash — beginning of year	554			305			258
Cash — end of year	$	537		$	554		$	305
Supplemental Disclosure of Cash Flow Information
Income tax received (paid)	57			210			(80		)

See Notes to Consolidated Financial Statements.

F- 6

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollar amounts in millions, unless otherwise stated)

1. Basis of Presentation and Significant Accounting Policies

Basis of Presentation

Hartford Life Insurance Company (together with its subsidiaries, “HLIC”, “Company”, “we” or “our”) is a provider of insurance and investment products in the United States (“U.S.”) and is a wholly-owned subsidiary of Hartford Life, Inc., a Delaware corporation ("HLI"). The Hartford Financial Services Group, Inc. (“The Hartford”) is the ultimate parent of the Company.

During the year ended December 31, 2017, the Company paid dividends of $1.4 billion to its parent.

The Consolidated Financial Statements have been prepared on the basis of accounting principles generally accepted in the United States of America (“U.S. GAAP”), which differ materially from the accounting practices prescribed by various insurance regulatory authorities.

Consolidation

The Consolidated Financial Statements include the accounts of HLIC and entities the Company directly or indirectly has a controlling financial interest in which the Company is required to consolidate. Entities in which HLIC has significant influence over the operating and financing decisions but is not required to consolidate are reported using the equity method. All intercompany transactions and balances between HLIC and its subsidiaries have been eliminated.

Use of Estimates

The preparation of financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The most significant estimates include those used in determining estimated gross profits used in the valuation and amortization of assets and liabilities associated with variable annuity and other universal life-type contracts; evaluation of other-than-temporary impairments on available-for-sale securities and valuation allowances on investments; living benefits required to be fair valued; valuation of investments and derivative instruments; valuation allowance on deferred tax assets; and contingencies relating to corporate litigation and regulatory matters. Certain of these estimates are particularly sensitive to market conditions, and deterioration and/or volatility in the worldwide debt or equity markets could have a material impact on the Consolidated Financial Statements.

Reclassifications

Certain reclassifications have been made to prior year financial information to conform to the current year presentation.

Sale of Life and Annuity Run-off Business

On December 3, 2017, the Company’s indirect parent, Hartford Holdings, Inc. ("HHI") entered into a definitive agreement to sell Hartford Life, Inc. ("HLI"), the Company's direct parent, to a group of investors led by Cornell Capital LLC, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group, Pine Brook and J. Safra Group. Under the terms of the purchase and sale agreement, the investor group will form a limited partnership that will acquire HLI, a holding company, and HLI’s life and annuity operating subsidiaries, including the Company.

Future Adoption of New Accounting Standards

Reclassification of Effect of Tax Rate Change from AOCI to Retained Earnings

In February, the FASB issued new accounting guidance for the effect on deferred tax assets and liabilities related to items recorded in accumulated other comprehensive income ("AOCI") resulting from legislated tax reform enacted on December 22, 2017. The tax reform reduced the federal tax rate applied to the Company’s deferred tax balances from 35% to 21% on enactment. Under U.S. GAAP the Company recorded the total effect of the change in enacted tax rates on deferred tax balances in the income tax expense component of net income. The new accounting guidance permits the Company to reclassify $193 out of AOCI and into retained earnings for the “stranded” amount in AOCI that resulted from recording the tax effects of unrealized investment gains at a 35% tax rate because the 14 point reduction in tax rate was recognized in net income instead of other comprehensive income. The Company will adopt the new guidance as of January 1, 2018 and make this $193 reclassification.

F- 7

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

1. Basis of Presentation and Significant Accounting Policies (continued)

Hedging Activities

The FASB issued updated guidance on hedge accounting. The updates allow hedge accounting for new types of interest rate hedges of financial instruments and simplify documentation requirements to qualify for hedge accounting. In addition, any gain or loss from hedge ineffectiveness will be reported in the same income statement line with the effective hedge results and the hedged transaction. For cash flow hedges, the ineffectiveness will be recognized in earnings only when the hedged transaction affects earnings; otherwise, the ineffectiveness gains or losses will remain in AOCI. Under current accounting, total hedge ineffectiveness is reported separately in realized gains and losses apart from the hedged transaction. The updated guidance is effective January 1, 2019 through a cumulative effect adjustment that will reclassify cumulative ineffectiveness on open cash flow hedges from retained earnings to AOCI. Early adoption is permitted as of the beginning of a year. The Company has not yet determined the timing for adoption or estimated the effect on the Company’s financial statements.

Financial Instruments - Credit Losses

The FASB issued updated guidance for recognition and measurement of credit losses on financial instruments. The new guidance will replace the “incurred loss” approach with an “expected loss” model for recognizing credit losses for instruments carried at other than fair value, which will initially result in the recognition of greater allowances for losses. The allowance will be an estimate of credit losses expected over the life of debt instruments, such as mortgage loans, reinsurance recoverables and receivables. Credit losses on fixed maturities available-for-sale (“AFS”) carried at fair value will continue to be measured like other-than-temporary impairments (“OTTI”); however, the losses will be recognized through an allowance and no longer as an adjustment to the cost basis. Recoveries of OTTI will be recognized as reversals of valuation allowances and no longer accreted as investment income through an adjustment to the investment yield. The allowance on fixed maturities AFS cannot cause the net carrying value to be below fair value and, therefore, it is possible that future increases in fair value due to decreases in market interest rates could cause the reversal of a valuation allowance and increase net income. The new guidance also requires purchased financial assets with a more-than-insignificant amount of credit deterioration since original issuance to be recorded based on contractual amounts due and an initial allowance recorded at the date of purchase. The guidance is effective January 1, 2020 through a cumulative-effect adjustment to retained earnings for the change in the allowance for credit losses for debt instruments carried at other than fair value. No allowance will be recognized at adoption for fixed maturities AFS; rather, their cost basis will be evaluated for an allowance for credit losses prospectively. The Company expects to adopt the updated guidance January 1, 2020, as required, although earlier adoption is permitted as of January 1, 2019. The Company has not yet determined the effect on the Company’s consolidated financial statements and the ultimate impact of the adoption will depend on the composition of the debt instruments and market conditions at the adoption date. Significant implementation matters yet to be addressed include estimating lifetime expected losses on debt instruments carried at other than fair value, determining the impact of valuation allowances on net investment income from fixed maturities AFS, updating our investment accounting system functionality to maintain adjustable valuation allowance on fixed maturities, AFS, subject to a fair value floor, and developing a detailed implementation plan.

Financial Instruments - Recognition and Measurement

The FASB issued updated guidance for the recognition and measurement of financial instruments. The new guidance will require investments in equity securities to be measured at fair value with any changes in valuation reported in net income except for investments that are consolidated or are accounted for under the equity method of accounting. The new guidance will also require a deferred tax asset resulting from net unrealized losses on available-for-sale fixed maturities that are recognized in AOCI to be evaluated for recoverability in combination with the Company’s other deferred tax assets. Under existing guidance, the Company measures investments in equity securities, AFS, at fair value with changes in fair value reported in other comprehensive income. As required, the Company will adopt the guidance effective January 1, 2018 through a cumulative effect adjustment to retained earnings. Early adoption is not allowed. The impact to the Company will be increased volatility in net income beginning in 2018. Any difference in the evaluation of deferred tax assets may also affect stockholder's equity. Cash flows will not be affected. The impact will depend on the composition of the Company’s investment portfolio in the future and changes in fair value of the Company’s investments. As of January 1, 2018, the Company will reclassify from AOCI to retained earnings net unrealized gains of $11 related to equity securities, AFS having a fair value of $154. Had the new accounting guidance been in place since the beginning of 2017, the Company would have recognized mark-to-market gains of $3 after-tax in net income for the year ended December 31, 2017.

Revenue Recognition

The FASB issued updated guidance for recognizing revenue. The guidance excludes insurance contracts and financial instruments. Revenue is to be recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to receive in exchange for those goods or services, and this accounting guidance is similar to current accounting for many transactions. The Company will adopt the guidance on January 1, 2018, as required, and the adoption will have no effect on the Company’s financial position, results of operations or cash flows.

F- 8

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

1. Basis of Presentation and Significant Accounting Policies (continued)

Significant Accounting Policies

The Company’s significant accounting policies are as follows:

Segment Information

The Company has no reportable segments and is comprised of the run-off operations of annuity, institutional and private-placement life insurance businesses. The Company's determination that it has no reportable segments is based on the fact that the Company's chief operating decision maker reviews the Company's financial performance at a consolidated level.

Revenue Recognition

For investment and universal life-type contracts, the amounts collected from policyholders are considered deposits and are not included in revenue. Fee income for variable annuity and other universal life-type contracts consists of policy charges for policy administration, cost of insurance charges and surrender charges assessed against policyholders’ account balances and are recognized in the period in which services are provided. For the Company’s traditional life products, premiums are recognized as revenue when due from policyholders.

Income Taxes

The Company recognizes taxes payable or refundable for the current year and deferred taxes for the tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years the temporary differences are expected to reverse. A deferred tax provision is recorded for the tax effects of differences between the Company's current taxable income and its income before tax under generally accepted accounting principles in the Consolidated Statements of Operations. For deferred tax assets, the Company records a valuation allowance that is adequate to reduce the total deferred tax asset to an amount that will more likely than not be realized.

The Company is included in The Hartford’s consolidated U.S. Federal income tax return. The Company and The Hartford have entered into a tax sharing agreement under which each member in the consolidated U.S. Federal income tax return will make payments between them such that, with respect to any period, the amount of taxes to be paid by the Company, subject to certain tax adjustments, is consistent with the “parent down” approach. Under this approach, the Company’s deferred tax assets and tax attributes are considered realized by it so long as the group is able to recognize (or currently use) the related deferred tax asset or attribute. Thus the need for a valuation allowance is determined at the consolidated return level rather than at the level of the individual entities comprising the consolidated group.

Investments

Overview

The Company’s investments in fixed maturities include bonds, structured securities, redeemable preferred stock and commercial paper. Most of these investments, along with certain equity securities, which include common and non-redeemable preferred stocks, are classified as available-for-sale ("AFS") and are carried at fair value. The after-tax difference between fair value and cost or amortized cost is reflected in stockholders’ equity as a component of AOCI, after adjustments for the effect of deducting certain life and annuity deferred policy acquisition costs and reserve adjustments. Effective January 1, 2018, equity securities will be measured at fair value with any changes in valuation reported in net income. For further information, see Financial Instruments - Recognition and Measurement discussion above. Fixed maturities for which the Company elected the fair value option are classified as FVO, generally certain securities that contain embedded credit derivatives, and are carried at fair value with changes in value recorded in realized capital gains and losses. Policy loans are carried at outstanding balance. Mortgage loans are recorded at the outstanding principal balance adjusted for amortization of premiums or discounts and net of valuation allowances. Short-term investments are carried at amortized cost, which approximates fair value. Limited partnerships and other alternative investments are reported at their carrying value and are primarily accounted for under the equity method with the Company’s share of earnings included in net investment income. Recognition of income related to limited partnerships and other alternative investments is delayed due to the availability of the related financial information, as private equity and other funds are generally on a three-month delay and hedge funds on a one-month delay. Accordingly, income for the years ended December 31, 2017, 2016, and 2015 may not include the full impact of current year changes in valuation of the underlying assets and liabilities of the funds, which are generally obtained from the limited partnerships and other alternative investments’ general partners. Other investments primarily consist of derivative instruments which are carried at fair value.

F- 9

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

1. Basis of Presentation and Significant Accounting Policies (continued)

Net Realized Capital Gains and Losses

Net realized capital gains and losses from investment sales are reported as a component of revenues and are determined on a specific identification basis. Net realized capital gains and losses also result from fair value changes in fixed maturities and equity securities FVO, and derivatives contracts (both free-standing and embedded) that do not qualify, or are not designated, as a hedge for accounting purposes, as well as ineffectiveness on derivatives that qualify for hedge accounting treatment, and the change in value of certain fair-value hedging instruments and their associated hedged item. Impairments and mortgage loan valuation allowances are recognized as net realized capital losses in accordance with the Company’s impairment and mortgage loan valuation allowance policies as discussed in Note 3 - Investments of Notes to Consolidated Financial Statements. Foreign currency transaction remeasurements are also included in net realized capital gains and losses.

Net Investment Income

Interest income from fixed maturities and mortgage loans is recognized when earned on the constant effective yield method based on estimated timing of cash flows. The amortization of premium and accretion of discount for fixed maturities also takes into consideration call and maturity dates that produce the lowest yield. For securitized financial assets subject to prepayment risk, yields are recalculated and adjusted periodically to reflect historical and/or estimated future prepayments using the retrospective method; however, if these investments are impaired and for certain other asset-backed securities, any yield adjustments are made using the prospective method. Prepayment fees and make-whole payments on fixed maturities and mortgage loans are recorded in net investment income when earned. For equity securities, dividends are recognized as investment income on the ex-dividend date. Limited partnerships and other alternative investments primarily use the equity method of accounting to recognize the Company’s share of earnings; however, for a portion of those investments, the Company used investment fund accounting applied to a wholly-owned fund of funds which was liquidated during 2016. For impaired debt securities, the Company accretes the new cost basis to the estimated future cash flows over the expected remaining life of the security by prospectively adjusting the security’s yield, if necessary. The Company’s non-income producing investments were not material for the years ended December 31, 2017, 2016 and 2015.

Derivative Instruments

Overview

The Company utilizes a variety of over-the-counter ("OTC"), transactions cleared through central clearing houses ("OTC-cleared") and exchange traded derivative instruments as part of its overall risk management strategy as well as to enter into replication transactions. The types of instruments may include swaps, caps, floors, forwards, futures and options to achieve one of four Company-approved objectives:


•	to hedge risk arising from interest rate, equity market, commodity market, credit spread and issuer default, price or currency exchange rate risk or volatility;


•	to manage liquidity;


•	to control transaction costs;


•	to enter into synthetic replication transactions.

Interest rate and credit default swaps involve the periodic exchange of cash flows with other parties, at specified intervals, calculated using agreed upon rates or other financial variables and notional principal amounts. Generally, little to no cash or principal payments are exchanged at the inception of the contract. Typically, at the time a swap is entered into, the cash flow streams exchanged by the counterparties are equal in value.

Interest rate cap and floor contracts entitle the purchaser to receive from the issuer at specified dates, the amount, if any, by which a specified market rate exceeds the cap strike interest rate or falls below the floor strike interest rate, applied to a notional principal amount. A premium payment determined at inception is made by the purchaser of the contract and no principal payments are exchanged.

Forward contracts are customized commitments that specify a rate of interest or currency exchange rate to be paid or received on an obligation beginning on a future start date and are typically settled in cash.

Financial futures are standardized commitments to either purchase or sell designated financial instruments, at a future date, for a specified price and may be settled in cash or through delivery of the underlying instrument. Futures contracts trade on organized exchanges. Margin requirements for futures are met by pledging securities or cash, and changes in the futures’ contract values are settled daily in cash.

Option contracts grant the purchaser, for a premium payment, the right to either purchase from or sell to the issuer a financial instrument at a specified price, within a specified period or on a stated date. The contracts may reference commodities, which grant the purchaser the right to either purchase from or sell to the issuer commodities at a specified price, within a specified period or on a stated date. Option contracts are typically settled in cash.

F- 10

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

1. Basis of Presentation and Significant Accounting Policies (continued)

Foreign currency swaps exchange an initial principal amount in two currencies, agreeing to re-exchange the currencies at a future date, at an agreed upon exchange rate. There may also be a periodic exchange of payments at specified intervals calculated using the agreed upon rates and exchanged principal amounts.

The Company’s derivative transactions conducted in insurance company subsidiaries are used in strategies permitted under the derivative use plans required by the State of Connecticut and the State of New York insurance departments.

Accounting and Financial Statement Presentation of Derivative Instruments and Hedging Activities

Derivative instruments are recognized on the Consolidated Balance Sheets at fair value and are reported in Other Investments and Other Liabilities. For balance sheet presentation purposes, the Company has elected to offset the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty or under a master netting agreement, which provides the Company with the legal right of offset.

The Company clears certain interest rate swap and credit default swap derivative transactions through central clearing houses. OTC-cleared derivatives require initial collateral at the inception of the trade in the form of cash or highly liquid securities, such as U.S. Treasuries and government agency investments. Central clearing houses also require additional cash as variation margin based on daily market value movements. For information on collateral, see the derivative collateral arrangements section in Note 4 - Derivative Instruments of Notes to Consolidated Financial Statements. In addition, OTC-cleared transactions include price alignment amounts either received or paid on the variation margin, which are reflected in realized capital gains and losses or, if characterized as interest, in net investment income.

On the date the derivative contract is entered into, the Company designates the derivative as (1) a hedge of the fair value of a recognized asset or liability (“fair value” hedge), (2) a hedge of the variability in cash flows of a forecasted transaction or of amounts to be received or paid related to a recognized asset or liability (“cash flow” hedge), (3) a hedge of a net investment in a foreign operation (“net investment” hedge) or (4) held for other investment and/or risk management purposes, which primarily involve managing asset or liability related risks and do not qualify for hedge accounting.

Fair Value Hedges - Changes in the fair value of a derivative that is designated and qualifies as a fair value hedge, along with the changes in the fair value of the hedged asset or liability that is attributable to the hedged risk, are recorded in current period earnings as net realized capital gains and losses with any differences between the net change in fair value of the derivative and the hedged item representing the hedge ineffectiveness. Periodic cash flows and accruals of income/expense ("periodic derivative net coupon settlements") are recorded in the line item of the Consolidated Statements of Operations in which the cash flows of the hedged item are recorded.

Cash Flow Hedges - Changes in the fair value of a derivative that is designated and qualifies as a cash flow hedge, including foreign-currency cash flow hedges, are recorded in AOCI and are reclassified into earnings when the variability of the cash flow of the hedged item impacts earnings. Gains and losses on derivative contracts that are reclassified from AOCI to current period earnings are included in the line item in the Consolidated Statements of Operations in which the cash flows of the hedged item are recorded. Any hedge ineffectiveness is recorded immediately in current period earnings as net realized capital gains and losses. Periodic derivative net coupon settlements are recorded in the line item of the Consolidated Statements of Operations in which the cash flows of the hedged item are recorded. Cash flows from cash flow hedges are presented in the same category as the cash flows from the items being hedged in the Consolidated Statement of Cash Flows.

Other Investment and/or Risk Management Activities - The Company’s other investment and/or risk management activities primarily relate to strategies used to reduce economic risk or replicate permitted investments and do not receive hedge accounting treatment. Changes in the fair value, including periodic derivative net coupon settlements, of derivative instruments held for other investment and/or risk management purposes are reported in current period earnings as net realized capital gains and losses.

F- 11

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

1. Basis of Presentation and Significant Accounting Policies (continued)

Hedge Documentation and Effectiveness Testing

To qualify for hedge accounting treatment, a derivative must be highly effective in mitigating the designated changes in fair value or cash flow of the hedged item. At hedge inception, the Company formally documents all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking each hedge transaction. The documentation process includes linking derivatives that are designated as fair value, cash flow, or net investment hedges to specific assets or liabilities on the balance sheet or to specific forecasted transactions and defining the effectiveness and ineffectiveness testing methods to be used. The Company also formally assesses both at the hedge’s inception and ongoing on a quarterly basis, whether the derivatives that are used in hedging transactions have been and are expected to continue to be highly effective in offsetting changes in fair values, cash flows or net investment in foreign operations of hedged items. Hedge effectiveness is assessed primarily using quantitative methods as well as using qualitative methods. Quantitative methods include regression or other statistical analysis of changes in fair value or cash flows associated with the hedge relationship. Qualitative methods may include comparison of critical terms of the derivative to the hedged item. Hedge ineffectiveness of the hedge relationships are measured each reporting period using the “Change in Variable Cash Flows Method”, the “Change in Fair Value Method”, the “Hypothetical Derivative Method”, or the “Dollar Offset Method”.

Discontinuance of Hedge Accounting

The Company discontinues hedge accounting prospectively when (1) it is determined that the qualifying criteria are no longer met; (2) the derivative is no longer designated as a hedging instrument; or (3) the derivative expires or is sold, terminated or exercised.

When hedge accounting is discontinued because it is determined that the derivative no longer qualifies as an effective fair value hedge, the derivative continues to be carried at fair value on the balance sheet with changes in its fair value recognized in current period earnings. Changes in the fair value of the hedged item attributable to the hedged risk is no longer adjusted through current period earnings and the existing basis adjustment is amortized to earnings over the remaining life of the hedged item through the applicable earnings component associated with the hedged item.

When cash flow hedge accounting is discontinued because the Company becomes aware that it is not probable that the forecasted transaction will occur, the derivative continues to be carried on the balance sheet at its fair value, and gains and losses that were accumulated in AOCI are recognized immediately in earnings.

In other situations in which hedge accounting is discontinued, including those where the derivative is sold, terminated or exercised, amounts previously deferred in AOCI are reclassified into earnings when earnings are impacted by the hedged item.

Embedded Derivatives

The Company purchases investments and has previously issued financial products that contain embedded derivative instruments. When it is determined that (1) the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract and (2) a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is bifurcated from the host for measurement purposes. The embedded derivative, which is reported with the host instrument in the Consolidated Balance Sheets, is carried at fair value with changes in fair value reported in net realized capital gains and losses.

Credit Risk

Credit risk is defined as the risk of financial loss due to uncertainty of an obligor’s or counterparty’s ability or willingness to meet its obligations in accordance with agreed upon terms. Credit exposures are measured using the market value of the derivatives, resulting in amounts owed to the Company by its counterparties or potential payment obligations from the Company to its counterparties. The Company generally requires that OTC derivative contracts, other than certain forward contracts, be governed by International Swaps and Derivatives Association ("ISDA") agreements which are structured by legal entity and by counterparty, and permit right of offset. Some agreements require daily collateral settlement based upon agreed upon thresholds. For purposes of daily derivative collateral maintenance, credit exposures are generally quantified based on the prior business day’s market value and collateral is pledged to and held by, or on behalf of, the Company to the extent the current value of the derivatives exceed the contractual thresholds. For the Company’s domestic derivative programs, the maximum uncollateralized threshold for a derivative counterparty for a single legal entity is $10. The Company also minimizes the credit risk of derivative instruments by entering into transactions with high quality counterparties primarily rated A or better, which are monitored and evaluated by the Company’s risk management team and reviewed by senior management. OTC-cleared derivatives are governed by clearing house rules. Transactions cleared through a central clearing house reduce risk due to their ability to require daily variation margin and act as an independent valuation source. In addition, the Company monitors counterparty credit exposure on a monthly basis to ensure compliance with Company policies and statutory limitations.

Cash

Cash represents cash on hand and demand deposits with banks or other financial institutions.

F- 12

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

1. Basis of Presentation and Significant Accounting Policies (continued)

Reinsurance

The Company cedes insurance to affiliated and unaffiliated insurers in order to limit its maximum losses and to diversify its exposures and provide statutory surplus relief. Such arrangements do not relieve the Company of its primary liability to policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company also assumes reinsurance from other insurers.

Reinsurance accounting is followed for ceded and assumed transactions that provide indemnification against loss or liability relating to insurance risk (i.e., risk transfer). To meet risk transfer requirements, a reinsurance agreement must include insurance risk, consisting of underwriting, investment, and timing risk, and a reasonable possibility of a significant loss to the reinsurer. If the ceded and assumed transactions do not meet risk transfer requirements, the Company accounts for these transactions as financing transactions.

Premiums, benefits, losses and loss adjustment expenses reflect the net effects of ceded and assumed reinsurance transactions. Included in other assets are prepaid reinsurance premiums, which represent the portion of premiums ceded to reinsurers applicable to the unexpired terms of the reinsurance agreements. Included in reinsurance recoverables are balances due from reinsurance companies for paid and unpaid losses and loss adjustment expenses and are presented net of any necessary allowance for uncollectible reinsurance.

The Company reinsures certain of its risks to other reinsurers under yearly renewable term, coinsurance, and modified coinsurance arrangements, and variations thereof. The cost of reinsurance related to long-duration contracts is accounted for over the life of the underlying reinsured policies using assumptions consistent with those used to account for the underlying policies.

The Company evaluates the financial condition of its reinsurers and concentrations of credit risk. Reinsurance is placed with reinsurers that meet strict financial criteria established by the Company.

Deferred Policy Acquisition Costs

Deferred policy acquisition costs ("DAC") represent costs that are directly related to the acquisition of new and renewal insurance contracts and incremental direct costs of contract acquisition that are incurred in transactions with either independent third parties or employees. Such costs primarily include commissions, premium taxes, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully issued contracts.

For universal life-type contracts (including variable annuities), the DAC asset is amortized over the estimated life of the contracts acquired in proportion to the present value of estimated gross profits ("EGPs"). The Company also uses the present value EGPs to determine reserves for universal life type contracts (including variable annuities) with death or other insurance benefits such as guaranteed minimum death, life-contingent guaranteed minimum withdrawal and universal life insurance secondary guarantee benefits. These benefits are accounted for and collectively referred to as death and other insurance benefit reserves and are held in addition to the account value liability representing policyholder funds.

For most life insurance product contracts, including variable annuities, the Company estimates gross profits over 20 years as EGPs emerging subsequent to that time frame are immaterial. Contracts sold in a particular year are aggregated into cohorts. Future gross profits for each cohort are projected over the estimated lives of the underlying contracts, based on future account value projections for variable annuity products. The projection of future account values requires the use of certain assumptions including: separate account returns; separate account fund mix; fees assessed against the contract holder’s account balance; full and partial surrender rates; interest credited; mortality; and the extent and duration of hedging activities and hedging costs.

The Company determines EGPs from a single deterministic reversion to mean ("RTM") separate account return projection which is an estimation technique commonly used by insurance entities to project future separate account returns. Through this estimation technique, the Company’s DAC model is adjusted to reflect actual fund performance at the end of each quarter. Through a consideration of recent market returns, the Company will unlock ("Unlock"), or adjust, projected returns over a future period so that the account value returns to the long-term expected rate of return, providing that those projected returns do not exceed certain caps. This Unlock for future separate account returns is determined each quarter.

In the fourth quarter of 2017, the Company completed a comprehensive policyholder behavior assumption study which resulted in a non-market related after-tax charge and incorporated the results of that study into its projection of future gross profits. Additionally, throughout the year, the Company evaluates various aspects of policyholder behavior and will revise its policyholder assumptions if credible emerging data indicates that changes are warranted. The Company will continue to evaluate its assumptions related to policyholder behavior as initiatives to reduce the size of the variable annuity business are implemented by management. Upon completion of an annual assumption study or evaluation of credible new information, the Company will revise its assumptions to reflect its current best estimate. These assumption revisions will change the projected account values and the related EGPs in the DAC models, as well as, EGPs used in the death and other insurance benefit reserving models.

F- 13

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

1. Basis of Presentation and Significant Accounting Policies (continued)

All assumption changes that affect the estimate of future EGPs including the update of current account values, the use of the RTM estimation technique, and policyholder behavior assumptions are considered an Unlock in the period of revision. An Unlock adjusts the DAC and death and other insurance benefit reserve balances in the Consolidated Balance Sheets with an offsetting benefit or charge in the Consolidated Statements of Operations in the period of the revision. An Unlock revises EGPs to reflect the Company's current best estimate assumptions. The Company also tests the aggregate recoverability of DAC by comparing the existing DAC balance to the present value of future EGPs. An Unlock that results in an after-tax benefit generally occurs as a result of actual experience or future expectations of product profitability being favorable compared to previous estimates. An Unlock that results in an after-tax charge generally occurs as a result of actual experience or future expectations of product profitability being unfavorable compared to previous estimates.

Policyholders may exchange contracts or make modifications to existing contracts. If the new contract or the modification results in a substantially changed replacement contract, the existing DAC is written off through income. If the new or modified contract is not substantially changed, the existing DAC continues to be amortized and incremental costs are expensed in the period incurred.

Reserve for Future Policy Benefits

Reserve for Future Policy Benefits on Universal Life-type Contracts

Certain contracts classified as universal life-type include death and other insurance benefit features including guaranteed minimum death benefit ("GMDB") and the life-contingent portion of guaranteed minimum withdrawal benefit ("GMWB") riders offered with variable annuity contracts, as well as secondary guarantee benefits offered with universal life insurance contracts. Universal life insurance secondary guarantee benefits ensure that the policy will not terminate, and will continue to provide a death benefit, even if there is insufficient policy value to cover the monthly deductions and charges. GMDB riders on variable annuities provide a death benefit during the accumulation phase that is generally equal to the greater of (a) the contract value at death or (b) premium payments less any prior withdrawals and may include adjustments that increase the benefit, such as for maximum anniversary value ("MAV"). For the Company's products with GMWB riders, the withdrawal benefit can exceed the guaranteed remaining balance ("GRB"), which is generally equal to premiums less withdrawals. In addition to recording an account value liability that represents policyholder funds, the Company records a death and other insurance benefit liability for GMDBs, the life-contingent portion of GMWBs and the universal life insurance secondary guarantees. This death and other insurance benefit liability is reported in reserve for future policy benefits in the Company’s Consolidated Balance Sheets. Changes in the death and other insurance benefit reserves are recorded in benefits, losses and loss adjustment expenses in the Company’s Consolidated Statements of Operations.

The death and other insurance benefit liability is determined by estimating the expected present value of the benefits in excess of the policyholder’s expected account value in proportion to the present value of total expected assessments and investment margin. Total expected assessments are the aggregate of all contract charges, including those for administration, mortality, expense, and surrender. The liability is accrued as actual assessments are earned. The expected present value of benefits and assessments are generally derived from a set of stochastic scenarios that have been calibrated to our RTM separate account returns and assumptions including market rates of return, volatility, discount rates, lapse rates and mortality experience. Consistent with the Company’s policy on the Unlock, the Company regularly evaluates estimates used and adjusts the liability, with a related charge or credit to benefits, losses and loss adjustment expenses. For further information on the Unlock, see the Deferred Policy Acquisition Costs accounting policy section within this footnote.

The Company reinsures a portion of its in-force GMDB and all of its universal life insurance secondary guarantees. Net reinsurance costs are recognized ratably over the accumulation period based on total expected assessments.

Reserve for Future Policy Benefits on Traditional Annuity and Other Contracts

Traditional annuities recorded within the reserve for future policy benefits primarily include life-contingent contracts in the payout phase such as structured settlements and terminal funding agreements. Other contracts within the reserve for policyholder benefits include whole life and guaranteed term life insurance contracts. The reserve for future policy benefits is calculated using standard actuarial methods considering the present value of future benefits and related expenses to be paid less the present value of the portion of future premiums required using assumptions “locked in” at the time the policies were issued, including discount rate, withdrawal, mortality and expense assumptions deemed appropriate at the issue date. Future policy benefits are computed at amounts that, with additions from any estimated premiums to be received and with interest on such reserves compounded annually at assumed rates, are expected to be sufficient to meet the Company’s policy obligations at their maturities or in the event of an insured’s death. While assumptions are locked in upon issuance of new contracts and annuitizations of existing contracts, significant changes in experience or assumptions may require the Company to establish premium deficiency reserves. Premium deficiency reserves, if any, are established based on current assumptions without considering a provision for adverse deviation. Changes in or deviations from the assumptions used can significantly affect the Company’s reserve levels and results from operations.

F- 14

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

1. Basis of Presentation and Significant Accounting Policies (continued)

Other Policyholder Funds and Benefits Payable

Other policyholder funds and benefits payable primarily include the non-variable account values associated with variable annuity and other universal life-type contracts, investment contracts, the non-life contingent portion of GMWBs that are accounted for as embedded derivatives at fair value as well as other policyholder account balances associated with our life insurance businesses. Investment contracts are non-life contingent and include institutional and governmental deposits, structured settlements and fixed annuities. The liability for investment contracts is equal to the balance that accrues to the benefit of the contract holder as of the financial statement date, which includes the accumulation of deposits plus credited interest, less withdrawals, payments and assessments through the financial statement date. For discussion of fair value of GMWBs that represent embedded derivatives, see Note 2 - Fair Value Measurements of Notes to Consolidated Financial Statements.

Separate Account Liabilities

The Company records the variable account value portion of variable annuities, variable life insurance products and institutional and governmental investment contracts within separate accounts. Separate account assets are reported at fair value and separate account liabilities are reported at amounts consistent with separate account assets. Investment income and gains and losses from those separate account assets accrue directly to the policyholder, who assumes the related investment risk, and are offset by change in the related liability. Changes in the value of separate account assets and separate account liabilities are reported in the same line item in the Consolidated Statements of Operations. The Company earns fee income for investment management, certain administrative services and mortality and expense risks.

F- 15

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements

The Company carries certain financial assets and liabilities at estimated fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants. Our fair value framework includes a hierarchy that gives the highest priority to the use of quoted prices in active markets, followed by the use of market observable inputs, followed by the use of unobservable inputs. The fair value hierarchy levels are as follows:


Level 1	Fair values based primarily on unadjusted quoted prices for identical assets, or liabilities, in active markets that the Company has the ability to access at the measurement date.


Level 2	Fair values primarily based on observable inputs, other than quoted prices included in Level 1, or based on prices for similar assets and liabilities.

Level 3

Fair values derived when one or more of the significant inputs are unobservable (including assumptions about risk). With little or no observable market, the determination of fair values uses considerable judgment and represents the Company’s best estimate of an amount that could be realized in a market exchange for the asset or liability. Also included are securities that are traded within illiquid markets and/or priced by independent brokers.

The Company will classify the financial asset or liability by level based upon the lowest level input that is significant to the determination of the fair value. In most cases, both observable inputs (e.g., changes in interest rates) and unobservable inputs (e.g., changes in risk assumptions) are used to determine fair values that the Company has classified within Level 3.

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Table of Contents

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)



Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2017
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
Asset backed securities ("ABS")	$	819		$	—	$	806		$	13
Collateralized debt obligations ("CDOs")	888			—		815			73
Commercial mortgage-backed securities ("CMBS")	2,084			—		2,058			26
Corporate	14,038			—		13,595			443
Foreign government/government agencies	407			—		406			1
Municipal	1,266			—		1,228			38
Residential mortgage-backed securities ("RMBS")	1,427			—		735			692
U.S. Treasuries	1,870			284		1,586			—
Total fixed maturities	22,799			284		21,229			1,286
Fixed maturities, FVO	32			—		32			—
Equity securities, trading [1]	12			12		—			—
Equity securities, AFS	154			61		47			46
Derivative assets
Credit derivatives	1			—		1			—
Foreign exchange derivatives	(1		)	—		(1		)	—
Interest rate derivatives	47			—		47			—
GMWB hedging instruments	69			—		35			34
Macro hedge program	19			—		—			19
Total derivative assets [2]	135			—		82			53
Short-term investments	1,094			807		287			—
Reinsurance recoverable for GMWB	36			—		—			36
Modified coinsurance reinsurance contracts	55			—		55			—
Separate account assets [3]	113,302			73,538		38,677			185
Total assets accounted for at fair value on a recurring basis	$	137,619		$	74,702	$	60,409		$	1,606
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
GMWB embedded derivative	$	(75	)	$	—	$	—		$	(75	)
Total other policyholder funds and benefits payable	(75		)	—		—			(75		)
Derivative liabilities
Foreign exchange derivatives	(187		)	—		(187		)	—
Interest rate derivatives	(403		)	—		(374		)	(29		)
GMWB hedging instruments	(2		)	—		(2		)	—
Macro hedge program	4			—		—			4
Total derivative liabilities [4]	(588		)	—		(563		)	(25		)
Total liabilities accounted for at fair value on a recurring basis	$	(663	)	$	—	$	(563	)	$	(100	)

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)



Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2016
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
ABS	$	993		$	—	$	956		$	37
CDOs	940			—		680			260
CMBS	2,146			—		2,125			21
Corporate	14,693			—		14,127			566
Foreign government/government agencies	345			—		328			17
Municipal	1,189			—		1,117			72
RMBS	1,760			—		1,049			711
U.S. Treasuries	1,753			230		1,523			—
Total fixed maturities	23,819			230		21,905			1,684
Fixed maturities, FVO	82			—		82			—
Equity securities, trading [1]	11			11		—			—
Equity securities, AFS	152			20		88			44
Derivative assets
Credit derivatives	(1		)	—		(1		)	—
Foreign exchange derivatives	4			—		4			—
Interest rate derivatives	30			—		30			—
GMWB hedging instruments	74			—		14			60
Macro hedge program	128			—		8			120
Total derivative assets [2]	235			—		55			180
Short-term investments	1,349			637		712			—
Reinsurance recoverable for GMWB	73			—		—			73
Modified coinsurance reinsurance contracts	68			—		68			—
Separate account assets [3]	111,634			71,606		38,856			201
Total assets accounted for at fair value on a recurring basis	$	137,423		$	72,504	$	61,766		$	2,182
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
GMWB embedded derivative	$	(241	)	$	—	$	—		$	(241	)
Equity linked notes	(33		)	—		—			(33		)
Total other policyholder funds and benefits payable	(274		)	—		—			(274		)
Derivative liabilities
Credit derivatives	1			—		1			—
Equity derivatives	33			—		33			—
Foreign exchange derivatives	(247		)	—		(247		)	—
Interest rate derivatives	(434		)	—		(404		)	(30		)
GMWB hedging instruments	20			—		(1		)	21
Macro hedge program	50			—		3			47
Total derivative liabilities [4]	(577		)	—		(615		)	38
Total liabilities accounted for at fair value on a recurring basis	$	(851	)	$	—	$	(615	)	$	(236	)


[1]	Included in other investments on the Consolidated Balance Sheets.


[2]	Includes OTC and OTC-cleared derivative instruments in a net positive fair value position after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements, clearing house rules, and applicable law. See footnote 4 to this table for derivative liabilities.

[3]

Approximately $2.5 billion and $4.0 billion of investment sales receivable, as of December 31, 2017 and December 31, 2016, respectively, are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value. Included in the total fair value amount are $0.9 billion and $1.0 billion of investments, as of December 31, 2017 and December 31, 2016, respectively, for which the fair value is estimated using the net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy.


[4]	Includes OTC and OTC-cleared derivative instruments in a net negative fair value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements, clearing house rules and applicable law.

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Table of Contents

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)

Fixed Maturities, Equity Securities, Short-term Investments, and Free-standing Derivatives

Valuation Techniques

The Company generally determines fair values using valuation techniques that use prices, rates, and other relevant information evident from market transactions involving identical or similar instruments. Valuation techniques also include, where appropriate, estimates of future cash flows that are converted into a single discounted amount using current market expectations. The Company uses a "waterfall" approach comprised of the following pricing sources and techniques, which are listed in priority order:


•	Quoted prices, unadjusted, for identical assets or liabilities in active markets, which are classified as Level 1.

•

Prices from third-party pricing services, which primarily utilize a combination of techniques. These services utilize recently reported trades of identical, similar, or benchmark securities making adjustments for market observable inputs available through the reporting date. If there are no recently reported trades, they may use a discounted cash flow technique to develop a price using expected cash flows based upon the anticipated future performance of the underlying collateral discounted at an estimated market rate. Both techniques develop prices that consider the time value of future cash flows and provide a margin for risk, including liquidity and credit risk. Most prices provided by third-party pricing services are classified as Level 2 because the inputs used in pricing the securities are observable. However, some securities that are less liquid or trade less actively are classified as Level 3. Additionally, certain long-dated securities, including certain municipal securities, foreign government/government agency securities, and bank loans, include benchmark interest rate or credit spread assumptions that are not observable in the marketplace and are thus classified as Level 3.

•

Internal matrix pricing, which is a valuation process internally developed for private placement securities for which the Company is unable to obtain a price from a third-party pricing service. Internal pricing matrices determine credit spreads that, when combined with risk-free rates, are applied to contractual cash flows to develop a price. The Company develops credit spreads using market based data for public securities adjusted for credit spread differentials between public and private securities, which are obtained from a survey of multiple private placement brokers. The market-based reference credit spread considers the issuer’s financial strength and term to maturity, using an independent public security index and trade information, while the credit spread differential considers the non-public nature of the security. Securities priced using internal matrix pricing are classified as Level 2 because the inputs are observable or can be corroborated with observable data.

•

Independent broker quotes, which are typically non-binding and use inputs that can be difficult to corroborate with observable market based data. Brokers may use present value techniques using assumptions specific to the security types, or they may use recent transactions of similar securities. Due to the lack of transparency in the process that brokers use to develop prices, valuations that are based on independent broker quotes are classified as Level 3.

The fair value of free-standing derivative instruments are determined primarily using a discounted cash flow model or option model technique and incorporate counterparty credit risk. In some cases, quoted market prices for exchange-traded and OTC-cleared derivatives may be used and in other cases independent broker quotes may be used. The pricing valuation models primarily use inputs that are observable in the market or can be corroborated by observable market data. The valuation of certain derivatives may include significant inputs that are unobservable, such as volatility levels, and reflect the Company’s view of what other market participants would use when pricing such instruments. Unobservable market data is used in the valuation of customized derivatives that are used to hedge certain GMWB variable annuity riders. See the section “GMWB Embedded, Customized, and Reinsurance Derivatives” below for further discussion of the valuation model used to value these customized derivatives.

Valuation Controls

The fair value process for investments is monitored by the Valuation Committee, which is a cross-functional group of senior management within the Company that meets at least quarterly. The purpose of the committee is to oversee the pricing policy and procedures, as well as to approve changes to valuation methodologies and pricing sources. Controls and procedures used to assess third-party pricing services are reviewed by the Valuation Committee, including the results of annual due-diligence reviews.

There are also two working groups under the Valuation Committee: a Securities Fair Value Working Group (“Securities Working Group”) and a Derivatives Fair Value Working Group ("Derivatives Working Group"). The working groups, which include various investment, operations, accounting and risk management professionals, meet monthly to review market data trends, pricing and trading statistics and results, and any proposed pricing methodology changes.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)

The Securities Working Group reviews prices received from third parties to ensure that the prices represent a reasonable estimate of the fair value. The group considers trading volume, new issuance activity, market trends, new regulatory rulings and other factors to determine whether the market activity is significantly different than normal activity in an active market. A dedicated pricing unit follows up with trading and investment sector professionals and challenges prices of third-party pricing services when the estimated assumptions used differ from what the unit believes a market participant would use. If the available evidence indicates that pricing from third-party pricing services or broker quotes is based upon transactions that are stale or not from trades made in an orderly market, the Company places little, if any, weight on the third party service’s transaction price and will estimate fair value using an internal process, such as a pricing matrix.

The Derivatives Working Group reviews the inputs, assumptions and methodologies used to ensure that the prices represent a reasonable estimate of the fair value. A dedicated pricing team works directly with investment sector professionals to investigate the impacts of changes in the market environment on prices or valuations of derivatives. New models and any changes to current models are required to have detailed documentation and are validated to a second source. The model validation documentation and results of validation are presented to the Valuation Committee for approval.

The Company conducts other monitoring controls around securities and derivatives pricing including, but not limited to, the following:


•	Review of daily price changes over specific thresholds and new trade comparison to third-party pricing services.


•	Daily comparison of OTC derivative market valuations to counterparty valuations.


•	Review of weekly price changes compared to published bond prices of a corporate bond index.


•	Monthly reviews of price changes over thresholds, stale prices, missing prices, and zero prices.


•	Monthly validation of prices to a second source for securities in most sectors and for certain derivatives.

In addition, The Hartford’s enterprise-wide Operational Risk Management function, led by the Chief Risk Officer, is responsible for model risk management and provides an independent review of the suitability and reliability of model inputs, as well as an analysis of significant changes to current models.

Valuation Inputs

Quoted prices for identical assets in active markets are considered Level 1 and consist of on-the-run U.S. Treasuries, money market funds, exchange-traded equity securities, open-ended mutual funds, short-term investments, and exchange traded futures and option contracts.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)



Valuation Inputs Used in Level 2 and 3 Measurements for Securities and Freestanding Derivatives
	Level 2 Primary Observable Inputs	Level 3 Primary Unobservable Inputs
Fixed Maturity Investments
Structured securities (includes ABS, CDOs CMBS and RMBS)
	• Benchmark yields and spreads • Monthly payment information • Collateral performance, which varies by vintage year and includes delinquency rates, loss severity rates and refinancing assumptions • Credit default swap indices Other inputs for ABS and RMBS: • Estimate of future principal prepayments, derived based on the characteristics of the underlying structure • Prepayment speeds previously experienced at the interest rate levels projected for the collateral	• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve Other inputs for less liquid securities or those that trade less actively, including subprime RMBS: • Estimated cash flows • Credit spreads, which include illiquidity premium • Constant prepayment rates • Constant default rates • Loss severity
Corporates
	• Benchmark yields and spreads • Reported trades, bids, offers of the same or similar securities • Issuer spreads and credit default swap curves Other inputs for investment grade privately placed securities that utilize internal matrix pricing : • Credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature	• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve Other inputs for below investment grade privately placed securities: • Independent broker quotes • Credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature
U.S Treasuries, Municipals, and Foreign government/government agencies
	• Benchmark yields and spreads • Issuer credit default swap curves • Political events in emerging market economies • Municipal Securities Rulemaking Board reported trades and material event notices • Issuer financial statements	• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve
Equity Securities
	• Quoted prices in markets that are not active	• For privately traded equity securities, internal discounted cash flow models utilizing earnings multiples or other cash flow assumptions that are not observable
Short Term Investments
	• Benchmark yields and spreads • Reported trades, bids, offers • Issuer spreads and credit default swap curves • Material event notices and new issue money market rates	Not applicable
Derivatives
Credit derivatives
	• Swap yield curve • Credit default swap curves	Not applicable
Equity derivatives
	• Equity index levels • Swap yield curve	• Independent broker quotes • Equity volatility
Foreign exchange derivatives
	• Swap yield curve • Currency spot and forward rates • Cross currency basis curves	Not applicable
Interest rate derivatives
	• Swap yield curve	• Independent broker quotes • Interest rate volatility

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)

Significant Unobservable Inputs for Level 3 - Securities

Assets accounted for at fair value on a recurring basis

Fair Value

Predominant

Valuation

Technique

Significant Unobservable Input

Minimum

Maximum

Weighted Average [1]

Impact of Increase in Input on Fair Value [2]

As of December 31, 2017

CMBS [3]

Discounted cash flows

Spread (encompasses
prepayment, default risk and loss severity)

9bps

1,816bps

457bps

Decrease

Corporate [4]

190

Discounted cash flows

Spread

103bps

1,000bps

355bps

Decrease

Municipal [3]

Discounted cash flows

Spread

192bps

250bps

228bps

Decrease

RMBS [3]

692

Discounted cash flows

Spread

24bps

463bps

77bps

Decrease

Constant prepayment rate

—

Decrease [5]

Constant default rate

—

Decrease

Loss severity

—

100

Decrease

As of December 31, 2016

CMBS [3]

Discounted cash flows

Spread (encompasses
prepayment, default risk and loss severity)

10bps

1,273bps

249bps

Decrease

Corporate [4]

265

Discounted cash flows

Spread

122bps

1,021bps

373bps

Decrease

Municipal [3]

Discounted cash flows

Spread

135bps

286bps

195bps

Decrease

RMBS [3]

704

Discounted cash flows

Spread

16bps

1,830bps

189bps

Decrease

Constant prepayment rate

—

Decrease [5]

Constant default rate

Decrease

Loss severity

—

100

Decrease


[1]	The weighted average is determined based on the fair value of the securities.


[2]	Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table.


[3]	Excludes securities for which the Company based fair value on broker quotations.


[4]	Excludes securities for which the Company bases fair value on broker quotations; however, included are broker-priced lower-rated private placement securities for which the Company receives spread and yield information to corroborate the fair value.


[5]	Decrease for above market rate coupons and increase for below market rate coupons.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)



Significant Unobservable Inputs for Level 3 - Freestanding Derivatives
	Fair Value			Predominant Valuation Technique	Significant Unobservable Input	Minimum	Maximum	Impact of Increase in Input on Fair Value [1]
As of December 31, 2017
Interest rate derivatives
Interest rate swaps	$	(29	)	Discounted cash flows	Swap curve beyond 30 years	2%	3%	Decrease
GMWB hedging instruments
Equity variance swaps	(26		)	Option model	Equity volatility	19%	19%	Increase
Equity options	1			Option model	Equity volatility	27%	30%	Increase
Customized swaps	59			Discounted cash flows	Equity volatility	7%	30%	Increase
Macro hedge program
Equity options [2]	29			Option model	Equity volatility	18%	31%	Increase
As of December 31, 2016
Interest rate derivatives
Interest rate swaps	$	(29	)	Discounted cash flows	Swap curve beyond 30 years	3%	3%	Decrease
GMWB hedging instruments
Equity variance swaps	(36		)	Option model	Equity volatility	20%	23%	Increase
Equity options	17			Option model	Equity volatility	27%	30%	Increase
Customized swaps	100			Discounted cash flows	Equity volatility	12%	30%	Increase
Macro hedge program
Equity options	188			Option model	Equity volatility	17%	28%	Increase


[1]	Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. Changes are based on long positions, unless otherwise noted. Changes in fair value will be inversely impacted for short positions.


[2]	Excludes derivatives for which the Company bases fair value on broker quotations.

The tables above exclude the portion of ABS, index options and certain corporate securities for which fair values are predominately based on independent broker quotes. While the Company does not have access to the significant unobservable inputs that independent brokers may use in their pricing process, the Company believes brokers likely use inputs similar to those used by the Company and third-party pricing services to price similar instruments. As such, in their pricing models, brokers likely use estimated loss severity rates, prepayment rates, constant default rates and credit spreads. Therefore, similar to non-broker priced securities, increases in these inputs would generally cause fair values to decrease. For the year ended December 31, 2017, no significant adjustments were made by the Company to broker prices received.

Transfers between Levels

Transfers of securities among the levels occur at the beginning of the reporting period. The amount of transfers from Level 1 to Level 2 was $773 and $563, for the years ended December 31, 2017 and 2016, respectively, which represented previously on-the-run U.S. Treasury securities that are now off-the-run. For the years ended December 31, 2017 and 2016, there were no transfers from Level 2 to Level 1. See the fair value roll-forward tables for the years ended December 31, 2017 and 2016, for the transfers into and out of Level 3.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)

GMWB Embedded, Customized and Reinsurance Derivatives



GMWB Embedded Derivatives	The Company formerly offered certain variable annuity products with GMWB riders that provide the policyholder with a GRB which is generally equal to premiums less withdrawals. If the policyholder’s account value is reduced to a specified level through a combination of market declines and withdrawals but the GRB still has value, the Company is obligated to continue to make annuity payments to the policyholder until the GRB is exhausted. When payments of the GRB are not life-contingent, the GMWB represents an embedded derivative carried at fair value reported in other policyholder funds and benefits payable in the Consolidated Balance Sheets with changes in fair value reported in net realized capital gains and losses.
Free-standing Customized Derivatives	The Company holds free-standing customized derivative contracts to provide protection from certain capital markets risks for the remaining term of specified blocks of non-reinsured GMWB riders. These customized derivatives are based on policyholder behavior assumptions specified at the inception of the derivative contracts. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices. These derivatives are reported in the Consolidated Balance Sheets within other investments or other liabilities, as appropriate, after considering the impact of master netting agreements.
GMWB Reinsurance Derivative	The Company has reinsurance arrangements in place to transfer a portion of its risk of loss due to GMWB. These arrangements are recognized as derivatives carried at fair value and reported in reinsurance recoverables in the Consolidated Balance Sheets. Changes in the fair value of the reinsurance agreements are reported in net realized capital gains and losses.

Valuation Techniques

Fair values for GMWB embedded derivatives, free-standing customized derivatives and reinsurance derivatives are classified as Level 3 in the fair value hierarchy and are calculated using internally developed models that utilize significant unobservable inputs because active, observable markets do not exist for these items. In valuing the GMWB embedded derivative, the Company attributes to the derivative a portion of the expected fees to be collected over the expected life of the contract from the contract holder equal to the present value of future GMWB claims. The excess of fees collected from the contract holder in the current period over the portion of fees attributed to the embedded derivative in the current period are associated with the host variable annuity contract and reported in fee income.

Valuation Controls

Oversight of the Company's valuation policies and processes for GMWB embedded, reinsurance, and customized derivatives is performed by a multidisciplinary group comprised of finance, actuarial and risk management professionals. This multidisciplinary group reviews and approves changes and enhancements to the Company's valuation model as well as associated controls.

Valuation Inputs

The fair value for each of the non-life contingent GMWBs, the free-standing customized derivatives and the GMWB reinsurance derivative is calculated as an aggregation of the following components: Best Estimate Claim Payments; Credit Standing Adjustment; and Margins. The Company believes the aggregation of these components results in an amount that a market participant in an active liquid market would require, if such a market existed, to assume the risks associated with the guaranteed minimum benefits and the related reinsurance and customized derivatives. Each component described in the following discussion is unobservable in the marketplace and requires subjectivity by the Company in determining its value.

Best Estimate Claim Payments

The Best Estimate Claim Payments are calculated based on actuarial and capital market assumptions related to projected cash flows, including the present value of benefits and related contract charges, over the lives of the contracts, incorporating unobservable inputs including expectations concerning policyholder behavior. These assumptions are input into a stochastic risk neutral scenario process that is used to determine the valuation and involves numerous estimates and subjective judgments regarding a number of variables.

The Company monitors various aspects of policyholder behavior and may modify certain of its assumptions, including living benefit lapses and withdrawal rates, if credible emerging data indicates that changes are warranted. In addition, the Company will continue to evaluate policyholder behavior assumptions should we implement further initiatives to reduce the size of the variable annuity business. At a minimum, all policyholder behavior assumptions are reviewed and updated at least annually as part of the Company’s annual fourth-quarter comprehensive study to refine its estimate of future gross profits. In addition, the Company recognizes non-market-based updates driven by the relative outperformance (underperformance) of the underlying actively managed funds as compared to their respective indices.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)

Credit Standing Adjustment

The credit standing adjustment is an estimate of the additional amount that market participants would require in determining fair value to reflect the risk that GMWB benefit obligations or the GMWB reinsurance recoverables will not be fulfilled. The Company incorporates a blend of observable Company and reinsurer credit default spreads from capital markets, adjusted for market recoverability.

Margins

The behavior risk margin adds a margin that market participants would require, in determining fair value, for the risk that the Company’s assumptions about policyholder behavior could differ from actual experience. The behavior risk margin is calculated by taking the difference between adverse policyholder behavior assumptions and best estimate assumptions.

Valuation Inputs Used in Levels 2 and 3 Measurements for GMWB Embedded, Customized and Reinsurance Derivatives



	Level 2 Primary Observable Inputs	Level 3 Primary Unobservable Inputs
	• Risk-free rates as represented by the Eurodollar futures, LIBOR deposits and swap rates to derive forward curve rates • Correlations of 10 years of observed historical returns across underlying well-known market indices • Correlations of historical index returns compared to separate account fund returns • Equity index levels	• Market implied equity volatility assumptions Assumptions about policyholder behavior, including: • Withdrawal utilization • Withdrawal rates • Lapse rates • Reset elections



Significant Unobservable Inputs for Level 3 GMWB Embedded Customized and Reinsurance Derivatives
	Unobservable Inputs (Minimum)	Unobservable Inputs (Maximum)	Impact of Increase in Input on Fair Value Measurement [1]
As of December 31, 2017
Withdrawal Utilization [2]	15%	100%	Increase
Withdrawal Rates [3]	—%	8%	Increase
Lapse Rates [4]	—%	40%	Decrease
Reset Elections [5]	30%	75%	Increase
Equity Volatility [6]	7%	30%	Increase
As of December 31, 2016
	Unobservable Inputs (Minimum)	Unobservable Inputs (Maximum)	Impact of Increase in Input on Fair Value Measurement [1]
Withdrawal Utilization [2]	15%	100%	Increase
Withdrawal Rates [3]	—%	8%	Increase
Lapse Rates [4]	—%	40%	Decrease
Reset Elections [5]	20%	75%	Increase
Equity Volatility [6]	12%	30%	Increase


[1]	Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table.


[2]	Range represents assumed cumulative percentages of policyholders taking withdrawals.


[3]	Range represents assumed cumulative annual amount withdrawn by policyholders.


[4]	Range represents assumed annual percentages of full surrender of the underlying variable annuity contracts across all policy durations for in force business.


[5]	Range represents assumed cumulative percentages of policyholders that would elect to reset their guaranteed benefit base.


[6]	Range represents implied market volatilities for equity indices based on multiple pricing sources.

Separate Account Assets

Separate account assets are primarily invested in mutual funds. Other separate account assets include fixed maturities, limited partnerships, equity securities, short-term investments and derivatives that are valued in the same manner, and using the same pricing sources and inputs, as those investments held by the Company. For limited partnerships in which fair value represents the separate account’s share of the NAV, 51%and 39% were subject to significant liquidation restrictions as of December 31, 2017 and December 31, 2016, respectively. Total limited partnerships that do not allow any form of redemption were 21% and 11%, as of December 31, 2017 and December 31, 2016, respectively. Separate account assets classified as Level 3 primarily include long-dated bank loans, subprime RMBS, and commercial mortgage loans.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)

Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs

The Company uses derivative instruments to manage the risk associated with certain assets and liabilities. However, the derivative instrument may not be classified with the same fair value hierarchy level as the associated asset or liability. Therefore, the realized and unrealized gains and losses on derivatives reported in the Level 3 roll-forward may be offset by realized and unrealized gains and losses of the associated assets and liabilities in other line items of the financial statements.



Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Year Ended December 31, 2017
					Total realized/unrealized gains (losses)
		Fair value as of January 1, 2017			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of December 31, 2017
Assets
Fixed Maturities, AFS
	ABS	$	37		$	—		$	—		$	14	$	(6	)	$	—		$	6	$	(38	)	$	13
	CDOs	260			14			(17		)	147		(107		)	(19		)	—		(205		)	73
	CMBS	21			—			1			33		(4		)	—			—		(25		)	26
	Corporate	566			(8		)	23			111		(7		)	(95		)	78		(225		)	443
	Foreign Govt./Govt. Agencies	17			—			1			3		(2		)	—			—		(18		)	1
	Municipal	72			—			4			—		(1		)	(5		)	—		(32		)	38
	RMBS	711			—			19			155		(185		)	—			—		(8		)	692
Total Fixed Maturities, AFS		1,684			6			31			463		(312		)	(119		)	84		(551		)	1,286
Equity Securities, AFS		44			—			(4		)	6		—			—			—		—			46
Freestanding Derivatives
	Interest rate	(30		)	1			—			—		—			—			—		—			(29		)
	GMWB hedging instruments	81			(47		)	—			—		—			—			—		—			34
	Macro hedge program	167			10			—			9		—			(163		)	—		—			23
Total Freestanding Derivatives [5]		218			(36		)	—			9		—			(163		)	—		—			28
Reinsurance Recoverable for GMWB		73			(52		)	—			—		15			—			—		—			36
Separate Accounts		201			3			6			152		(8		)	(53		)	11		(127		)	185
Total Assets		$	2,220		$	(79	)	$	33		$	630	$	(305	)	$	(335	)	$	95	$	(678	)	$	1,581
(Liabilities)
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	(241		)	231			—			—		(65		)	—			—		—			(75		)
	Equity Linked Notes	(33		)	(4		)	—			—		37			—			—		—			—
Total Other Policyholder Funds and Benefits Payable		(274		)	227			—			—		(28		)	—			—		—			(75		)
Total Liabilities		$	(274	)	$	227		$	—		$	—	$	(28	)	$	—		$	—	$	—		$	(75	)

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)



Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Year Ended December 31, 2016
					Total realized/unrealized gains (losses)
		Fair value as of January 1, 2016			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of December 31, 2016
Assets
Fixed Maturities, AFS
	ABS	$	5		$	—		$	—		$	35	$	(2	)	$	(2	)	$	5	$	(4	)	$	37
	CDOs	330			(1		)	(14		)	62		(117		)	—			—		—			260
	CMBS	62			—			(2		)	43		(13		)	(2		)	—		(67		)	21
	Corporate	534			(6		)	10			87		(63		)	(126		)	368		(238		)	566
	Foreign Govt./Govt. Agencies	17			—			1			8		(4		)	(5		)	—		—			17
	Municipal	49			—			—			16		(1		)	—			8		—			72
	RMBS	628			(1		)	4			268		(154		)	(26		)	2		(10		)	711
Total Fixed Maturities, AFS		1,625			(8		)	(1		)	519		(354		)	(161		)	383		(319		)	1,684
Fixed Maturities, FVO		2			—			—			1		—			(1		)	—		(2		)	—
Equity Securities, AFS		38			(1		)	6			4		—			(3		)	—		—			44
Freestanding Derivatives
	Equity	—			(8		)	—			8		—			—			—		—			—
	Interest rate	(29		)	(1		)	—			—		—			—			—		—			(30		)
	GMWB hedging instruments	135			(60		)	—			—		—			—			—		6			81
	Macro hedge program	147			(38		)	—			63		(6		)	—			—		1			167
Total Freestanding Derivatives [5]		253			(107		)	—			71		(6		)	—			—		7			218
Reinsurance Recoverable for GMWB		83			(24		)	—			—		14			—			—		—			73
Separate Accounts		139			(1		)	(3		)	320		(15		)	(78		)	17		(178		)	201
Total Assets		$	2,140		$	(141	)	$	2		$	915	$	(361	)	$	(243	)	$	400	$	(492	)	$	2,220
(Liabilities)
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	(262		)	88			—			—		(67		)	—			—		—			(241		)
	Equity Linked Notes	(26		)	(7		)	—			—		—			—			—		—			(33		)
Total Other Policyholder Funds and Benefits Payable		(288		)	81			—			—		(67		)	—			—		—			(274		)
Total Liabilities		$	(288	)	$	81		$	—		$	—	$	(67	)	$	—		$	—	$	—		$	(274	)


[1]	The Company classifies realized and unrealized gains (losses) on GMWB reinsurance derivatives and GMWB embedded derivatives as unrealized gains (losses) for purposes of disclosure in this table because it is impracticable to track on a contract-by-contract basis the realized gains (losses) for these derivatives and embedded derivatives.


[2]	Amounts in these rows are generally reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of DAC.


[3]	All amounts are before income taxes and amortization of DAC.


[4]	Transfers in and/or (out) of Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing inputs.


[5]	Derivative instruments are reported in this table on a net basis for asset (liability) positions and reported in the Consolidated Balance Sheets in other investments and other liabilities.


[6]	Includes both market and non-market impacts in deriving realized and unrealized gains (losses).

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)



Changes in Unrealized Gains (Losses) included in Net Income for Financial Instruments Classified as Level 3 Still Held at Year End
		December 31, 2017 [1] [2]			December 31, 2016 [1] [2]
Assets
Fixed Maturities, AFS
	CMBS	$	—		$	(1	)
	Corporate	(1		)	(13		)
Total Fixed Maturities, AFS		(1		)	(14		)
Equity Securities, AFS		—			(1		)
Freestanding Derivatives
	Interest Rate	1			—
	GMWB hedging instruments	(61		)	(52		)
	Macro hedge program	(77		)	(33		)
Total Freestanding Derivatives		(137		)	(85		)
Reinsurance Recoverable for GMWB		(52		)	(24		)
Separate Accounts		1			—
Total Assets		$	(189	)	$	(124	)
(Liabilities)
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	231		$	88
	Equity Linked Notes	(4		)	(7		)
Total Other Policyholder Funds and Benefits Payable		227			81
Total Liabilities		$	227		$	81


[1]	All amounts in these rows are reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of DAC.


[2]	Amounts presented are for Level 3 only and therefore may not agree to other disclosures included herein.

Fair Value Option

The Company has elected the fair value option for certain securities that contain embedded credit derivatives with underlying credit risk, related to residential real estate, and these securities are included within Fixed Maturities, FVO on the Consolidated Balance Sheets.

The Company also previously elected the fair value option for certain equity securities in order to align the accounting with total return swap contracts that hedged the risk associated with the investments. The swaps did not qualify for hedge accounting and the change in value of both the equity securities and the total return swaps were recorded in net realized capital gains and losses. These equity securities were classified within equity securities, AFS on the Consolidated Balance Sheets. Income earned from FVO securities was recorded in net investment income and changes in fair value were recorded in net realized capital gains and losses. The Company did not hold any of these equity securities as of December 31, 2017 or December 31, 2016.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)



Changes in Fair Value of Assets using the Fair Value Option
	For the year ended December 31,
	2017		2016			2015
Assets
Fixed maturities, FVO
CDOs	$	—	$	—		$	1
Corporate	—		—			(3		)
Foreign government	—		—			2
RMBS	—		3			—
Total fixed maturities, FVO	$	—	$	3		$	—
Equity, FVO	1		(34		)	(12		)
Total realized capital gains (losses)	$	1	$	(31	)	$	(12	)



Fair Value of Assets and Liabilities using the Fair Value Option
	As of December 31,
	2017		2016
Assets
Fixed maturities, FVO
RMBS	$	32	$	82
Total fixed maturities, FVO	$	32	$	82



Financial Assets and Liabilities Not Carried at Fair Value
	Fair Value Hierarchy Level	Carrying Amount		Fair Value
	December 31, 2017
Assets
Policy loans	Level 3	$	1,432	$	1,432
Mortgage loans	Level 3	$	2,872	$	2,941
Liabilities
Other policyholder funds and benefits payable [1]	Level 3	$	5,905	$	6,095
Consumer notes [2] [3]	Level 3	$	8	$	8
Assumed investment contracts [3]	Level 3	$	342	$	361
	December 31, 2016
Assets
Policy loans	Level 3	$	1,442	$	1,442
Mortgage loans	Level 3	$	2,811	$	2,843
Liabilities
Other policyholder funds and benefits payable [1]	Level 3	$	6,436	$	6,626
Consumer notes [2] [3]	Level 3	$	20	$	20
Assumed investment contracts [3]	Level 3	$	487	$	526


[1]	Excludes group accident and health and universal life insurance contracts, including corporate owned life insurance.


[2]	Excludes amounts carried at fair value and included in preceding disclosures.


[3]	Included in other liabilities in the Consolidated Balance Sheets.

Fair values for policy loans were determined using current loan coupon rates, which reflect the current rates available under the contracts. As a result, the fair value approximates the carrying value of the policy loans.

Fair values for mortgage loans were estimated using discounted cash flow calculations based on current lending rates for similar type loans. Current lending rates reflect changes in credit spreads and the remaining terms of the loans.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Fair Value Measurements (continued)

Fair values for other policyholder funds and benefits payable and assumed investment contracts, not carried at fair value, are estimated based on the cash surrender values of the underlying policies or by estimating future cash flows discounted at current interest rates adjusted for credit risk.

Fair values for consumer notes were estimated using discounted cash flow calculations using current interest rates adjusted for estimated loan durations.

F- 30

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

3. Investments



Net Investment Income
	For the years ended December 31,
(Before-tax)	2017			2016			2015
Fixed maturities [1]	$	995		$	1,049		$	1,095
Equity securities	9			8			7
Mortgage loans	124			135			152
Policy loans	79			83			82
Limited partnerships and other alternative investments	75			86			97
Other investments [2]	54			64			82
Investment expenses	(55		)	(52		)	(59		)
Total net investment income	$	1,281		$	1,373		$	1,456


[1]	Includes net investment income on short-term investments.


[2]	Includes income from derivatives that hedge fixed maturities and qualify for hedge accounting.



Net Realized Capital Losses
	For the years ended December 31,
(Before-tax)	2017			2016			2015
Gross gains on sales	$	226		$	211		$	239
Gross losses on sales	(58		)	(93		)	(211		)
Net OTTI losses recognized in earnings	(14		)	(28		)	(61		)
Valuation allowances on mortgage loans	2			—			(4		)
Results of variable annuity hedge program
GMWB derivatives, net	48			(38		)	(87		)
Macro hedge program	(260		)	(163		)	(46		)
Total results of variable annuity hedge program	(212		)	(201		)	(133		)
Transactional foreign currency revaluation	(1		)	(70		)	(4		)
Non-qualifying foreign currency derivatives	(5		)	57			(16		)
Other, net [1]	2			(39		)	44
Net realized capital losses	$	(60	)	$	(163	)	$	(146	)


[1]	Includes non-qualifying derivatives, excluding variable annuity hedge program and foreign currency derivatives, of $(13), $(12), and $46, respectively for 2017, 2016 and 2015.

Net realized capital gains and losses from investment sales are reported as a component of revenues and are determined on a specific identification basis. Before tax, net gains and losses on sales and impairments previously reported as unrealized gains or losses in AOCI were $153, $89 and $(27) for the years ended December 31, 2017, 2016 and 2015, respectively.



Sales of AFS Securities
	For the years ended December 31,
	2017			2016			2015
Fixed maturities, AFS
Sale proceeds	$	7,979		$	7,409		$	9,454
Gross gains	211			206			195
Gross losses	(56		)	(85		)	(161		)
Equity securities, AFS
Sale proceeds	$	203		$	321		$	586
Gross gains	13			4			26
Gross losses	(1		)	(8		)	(26		)

Sales of AFS securities in 2017 were primarily a result of duration and liquidity management, as well as tactical changes to the portfolio as a result of changing market conditions.

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3. Investments (continued)

Recognition and Presentation of Other-Than-Temporary Impairments

The Company will record an other-than-temporary impairment (“OTTI”) for fixed maturities and certain equity securities with debt-like characteristics (collectively “debt securities”) if the Company intends to sell or it is more likely than not that the Company will be required to sell the security before a recovery in value. A corresponding charge is recorded in net realized capital losses equal to the difference between the fair value and amortized cost basis of the security.

The Company will also record an OTTI for those debt securities for which the Company does not expect to recover the entire amortized cost basis. For these securities, the excess of the amortized cost basis over its fair value is separated into the portion representing a credit OTTI, which is recorded in net realized capital losses, and the remaining non-credit amount, which is recorded in OCI. The credit OTTI amount is the excess of its amortized cost basis over the Company’s best estimate of discounted expected future cash flows. The non-credit amount is the excess of the best estimate of the discounted expected future cash flows over the fair value. The Company’s best estimate of discounted expected future cash flows becomes the new cost basis and accretes prospectively into net investment income over the estimated remaining life of the security.

The Company’s best estimate of expected future cash flows is a quantitative and qualitative process that incorporates information received from third-party sources along with certain internal assumptions regarding the future performance. The Company considers, but is not limited to (a) changes in the financial condition of the issuer and the underlying collateral, (b) whether the issuer is current on contractually obligated interest and principal payments, (c) credit ratings, (d) payment structure of the security and (e) the extent to which the fair value has been less than the amortized cost of the security.

For non-structured securities, assumptions include, but are not limited to, economic and industry-specific trends and fundamentals, security-specific developments, industry earnings multiples and the issuer’s ability to restructure and execute asset sales.

For structured securities, assumptions include, but are not limited to, various performance indicators such as historical and projected default and recovery rates, credit ratings, current and projected delinquency rates, loan-to-value ("LTV") ratios, average cumulative collateral loss rates that vary by vintage year, prepayment speeds, and property value declines. These assumptions require the use of significant management judgment and include the probability of issuer default and estimates regarding timing and amount of expected recoveries which may include estimating the underlying collateral value.

The Company will also record an OTTI for equity securities where the decline in the fair value is deemed to be other-than-temporary. A corresponding charge is recorded in net realized capital losses equal to the difference between the fair value and cost basis of the security. The previous cost basis less the impairment becomes the new cost basis. The Company’s evaluation and assumptions used to determine an equity OTTI include, but is not limited to, (a) the length of time and extent to which the fair value has been less than the cost of the security, (b) changes in the financial condition, credit rating and near-term prospects of the issuer, (c) whether the issuer is current on preferred stock dividends and (d) the intent and ability of the Company to retain the investment for a period of time sufficient to allow for recovery. For the remaining equity securities which are determined to be temporarily impaired, the Company asserts its intent and ability to retain those equity securities until the price recovers.



Impairments in Earnings by Type
	For the years ended December 31,
	2017		2016		2015
Intent-to-sell impairments	$	—	$	4	$	24
Credit impairments	14		22		23
Impairments on equity securities	—		2		14
Total impairments	$	14	$	28	$	61

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

3. Investments (continued)



Cumulative Credit Impairments
	For the years ended December 31,
(Before-tax)	2017			2016			2015
Balance as of beginning of period	$	(170	)	$	(211	)	$	(296	)
Additions for credit impairments recognized on [1]:
Securities not previously impaired	(1		)	(9		)	(11		)
Securities previously impaired	(13		)	(13		)	(12		)
Reductions for credit impairments previously recognized on:
Securities that matured or were sold during the period	82			44			58
Securities the Company made the decision to sell or more likely than not will be required to sell	—			—			1
Securities due to an increase in expected cash flows	14			19			49
Balance as of end of period	$	(88	)	$	(170	)	$	(211	)


[1]	These additions are included in the net OTTI losses recognized in earnings in the Consolidated Statements of Operations.

Available-for-Sale Securities



AFS Securities by Type
	December 31, 2017												December 31, 2016
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Non-Credit OTTI [1]			Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Non-Credit OTTI [1]
ABS	$	821	$	9	$	(11	)	$	819	$	—		$	1,011	$	9	$	(27	)	$	993	$	—
CDOs	886		2		—			888		—			893		49		(2		)	940		—
CMBS	2,061		45		(22		)	2,084		(1		)	2,135		45		(34		)	2,146		(1		)
Corporate	12,587		1,483		(32		)	14,038		—			13,677		1,111		(95		)	14,693		—
Foreign govt./govt. agencies	379		30		(2		)	407		—			337		18		(10		)	345		—
Municipal	1,125		142		(1		)	1,266		—			1,098		97		(6		)	1,189		—
RMBS	1,388		41		(2		)	1,427		—			1,742		34		(16		)	1,760		—
U.S. Treasuries	1,667		206		(3		)	1,870		—			1,614		153		(14		)	1,753		—
Total fixed maturities, AFS	20,914		1,958		(73		)	22,799		(1		)	22,507		1,516		(204		)	23,819		(1		)
Equity securities, AFS	140		14		—			154		—			142		12		(2		)	152		—
Total AFS securities	$	21,054	$	1,972	$	(73	)	$	22,953	$	(1	)	$	22,649	$	1,528	$	(206	)	$	23,971	$	(1	)


[1]	Represents the amount of cumulative non-credit OTTI losses recognized in OCI on securities that also had credit impairments. These losses are included in gross unrealized losses as of December 31, 2017 and 2016.



Fixed maturities, AFS, by Contractual Maturity Year
	December 31, 2017				December 31, 2016
Contractual Maturity	Amortized Cost		Fair Value		Amortized Cost		Fair Value
One year or less	$	844	$	850	$	722	$	727
Over one year through five years	3,498		3,580		4,184		4,301
Over five years through ten years	3,178		3,321		3,562		3,649
Over ten years	8,238		9,830		8,258		9,303
Subtotal	15,758		17,581		16,726		17,980
Mortgage-backed and asset-backed securities	5,156		5,218		5,781		5,839
Total fixed maturities, AFS	$	20,914	$	22,799	$	22,507	$	23,819

Estimated maturities may differ from contractual maturities due to security call or prepayment provisions. Due to the potential for variability in payment speeds (i.e. prepayments or extensions), mortgage-backed and asset-backed securities are not categorized by contractual maturity.

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3. Investments (continued)

Concentration of Credit Risk

The Company aims to maintain a diversified investment portfolio including issuer, sector and geographic stratification, where applicable, and has established certain exposure limits, diversification standards and review procedures to mitigate credit risk.

The Company had no investment exposure to any credit concentration risk of a single issuer greater than 10% of the Company's stockholder's equity, other than the U.S. government and certain U.S. government securities as of December 31, 2017 or December 31, 2016. As of December 31, 2017, other than U.S. government and certain U.S. government agencies, the Company’s three largest exposures by issuer were HSBC Holdings PLC, Microsoft Corporation, and National Grid PLC, which each comprised less than 1% of total invested assets. As of December 31, 2016, other than U.S. government and certain U.S. government agencies, the Company’s three largest exposures by issuer were National Grid PLC, HSBC Holdings PLC, and Oracle Corp., which each comprised less than 1% of total invested assets.

The Company’s three largest exposures by sector as of December 31, 2017, were financial services, utilities, and CMBS which comprised approximately 9%, 9% and 7%, respectively, of total invested assets. The Company’s three largest exposures by sector as of December 31, 2016 were financial services, utilities, and consumer non-cyclical which comprised approximately 10%, 9% and 7%, respectively, of total invested assets.

Unrealized Losses on AFS Securities



Unrealized Loss Aging for AFS Securities by Type and Length of Time as of December 31, 2017
	Less Than 12 Months							12 Months or More							Total
	Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses
ABS	$	158	$	157	$	(1	)	$	219	$	209	$	(10	)	$	377	$	366	$	(11	)
CDOs	242		242		—			37		37		—			279		279		—
CMBS	524		517		(7		)	346		331		(15		)	870		848		(22		)
Corporate	1,082		1,074		(8		)	779		755		(24		)	1,861		1,829		(32		)
Foreign govt./govt. agencies	60		59		(1		)	35		34		(1		)	95		93		(2		)
Municipal	9		9		—			10		9		(1		)	19		18		(1		)
RMBS	288		287		(1		)	28		27		(1		)	316		314		(2		)
U.S. Treasuries	382		380		(2		)	38		37		(1		)	420		417		(3		)
Total fixed maturities, AFS	2,745		2,725		(20		)	1,492		1,439		(53		)	4,237		4,164		(73		)
Equity securities, AFS	6		6		—			3		3		—			9		9		—
Total securities in an unrealized loss position	$	2,751	$	2,731	$	(20	)	$	1,495	$	1,442	$	(53	)	$	4,246	$	4,173	$	(73	)

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

3. Investments (continued)



Unrealized Loss Aging for AFS Securities by Type and Length of Time as of December 31, 2016
	Less Than 12 Months							12 Months or More							Total
	Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses
ABS	$	249	$	248	$	(1	)	$	265	$	239	$	(26	)	$	514	$	487	$	(27	)
CDOs	325		325		—			210		208		(2		)	535		533		(2		)
CMBS	1,058		1,030		(28		)	139		133		(6		)	1,197		1,163		(34		)
Corporate	2,535		2,464		(71		)	402		378		(24		)	2,937		2,842		(95		)
Foreign govt./govt. agencies	164		155		(9		)	6		5		(1		)	170		160		(10		)
Municipal	166		160		(6		)	—		—		—			166		160		(6		)
RMBS	548		535		(13		)	198		195		(3		)	746		730		(16		)
U.S. Treasuries	385		371		(14		)	—		—		—			385		371		(14		)
Total fixed maturities, AFS	5,430		5,288		(142		)	1,220		1,158		(62		)	6,650		6,446		(204		)
Equity securities, AFS	59		57		(2		)	5		5		—			64		62		(2		)
Total securities in an unrealized loss position	$	5,489	$	5,345	$	(144	)	$	1,225	$	1,163	$	(62	)	$	6,714	$	6,508	$	(206	)

As of December 31, 2017, AFS securities in an unrealized loss position consisted of 1,254 securities, primarily in the corporate and CMBS sector, which were depressed primarily due to an increase in interest rates and/or widening of credit spreads since the securities were purchased. As of December 31, 2017, 93% of these securities were depressed less than 20% of cost or amortized cost. The improvement in unrealized losses during 2017 was primarily attributable to tighter credit spreads.

Most of the securities depressed for twelve months or more primarily relate to student loan ABS, structured securities with exposure to commercial real estate, and corporate securities. Student loan ABS were primarily depressed because the securities have floating-rate coupons and have long-dated maturities, and current credit spreads are wider than when these securities were purchased. Corporate securities and commercial real estate securities were primarily depressed because current market spreads are wider than spreads at the securities' respective purchase dates. The Company neither has an intention to sell nor does it expect to be required to sell the securities outlined in the preceding discussion.

Mortgage Loans

Mortgage Loan Valuation Allowances

Commercial mortgage loans are considered to be impaired when management estimates that, based upon current information and events, it is probable that the Company will be unable to collect amounts due according to the contractual terms of the loan agreement. The Company reviews mortgage loans on a quarterly basis to identify potential credit losses. Among other factors, management reviews current and projected macroeconomic trends, such as unemployment rates, and property-specific factors such as rental rates, occupancy levels, LTV ratios and debt service coverage ratios (“DSCR”). In addition, the Company considers historical, current and projected delinquency rates and property values. Estimates of collectibility require the use of significant management judgment and include the probability and timing of borrower default and loss severity estimates. In addition, cash flow projections may change based upon new information about the borrower's ability to pay and/or the value of underlying collateral such as changes in projected property value estimates.

For mortgage loans that are deemed impaired, a valuation allowance is established for the difference between the carrying amount and estimated value. The mortgage loan's estimated value is most frequently the Company's share of the fair value of the collateral but may also be the Company’s share of either (a) the present value of the expected future cash flows discounted at the loan’s effective interest rate or (b) the loan’s observable market price. A valuation allowance may be recorded for an individual loan or for a group of loans that have an LTV ratio of 90% or greater, a low DSCR or have other lower credit quality characteristics. Changes in valuation allowances are recorded in net realized capital gains and losses. Interest income on impaired loans is accrued to the extent it is deemed collectible and the borrowers continue to make payments under the original or restructured loan terms. The Company stops accruing interest income on loans when it is probable that the Company will not receive interest and principal payments according to the contractual terms of the loan agreement. The company resumes accruing interest income when it determines that sufficient collateral exists to satisfy the full amount of the loan principal and interest payments and when it is probable cash will be received in the foreseeable future. Interest income on defaulted loans is recognized when received.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

3. Investments (continued)

As of December 31, 2017, commercial mortgage loans had an amortized cost and carrying value of $2.9 billion, with no valuation allowance. As of December 31, 2016, commercial mortgage loans had an amortized cost of $2.8 billion, with a valuation allowance of $19 and a carrying value of $2.8 billion. Amortized cost represents carrying value prior to valuation allowances, if any.

As of December 31, 2017 and 2016, the carrying value of mortgage loans that had a valuation allowance was $0 and $31, respectively. There were no mortgage loans held-for-sale as of December 31, 2017 or December 31, 2016. As of December 31, 2017, the Company had an immaterial amount of mortgage loans that have had extensions or restructurings other than what is allowable under the original terms of the contract.



Valuation Allowance Activity
	For the years ended December 31,
	2017			2016			2015
Balance as of January 1	$	(19	)	$	(19	)	$	(15	)
(Additions)/Reversals	(1		)	—			(4		)
Deductions	20			—			—
Balance as of December 31	$	—		$	(19	)	$	(19	)

The weighted-average LTV ratio of the Company’s commercial mortgage loan portfolio was 49% as of December 31, 2017, while the weighted-average LTV ratio at origination of these loans was 63%. LTV ratios compare the loan amount to the value of the underlying property collateralizing the loan. The loan collateral values are updated no less than annually through reviews of the underlying properties. Factors considered in estimating property values include, among other things, actual and expected property cash flows, geographic market data and the ratio of the property's net operating income to its value. DSCR compares a property’s net operating income to the borrower’s principal and interest payments. The weighted average DSCR of the Company’s commercial mortgage loan portfolio was 2.65x as of December 31, 2017. As of December 31, 2017 the Company held no delinquent commercial mortgages loan past due by 90 days or more. As of December 31, 2016, the Company held one delinquent commercial mortgage loan past due by 90 days or more. The loan had a total carrying value and valuation allowance of $15 and $16, respectively, and was not accruing income. Following the conclusion of the loan's foreclosure process, the property transferred at its carrying value, net of the valuation allowance, to a real-estate owned investment during 2017. As of December 31, 2017, the real-estate owned investment had a total carrying value of $15.



Commercial Mortgage Loans Credit Quality
	December 31, 2017			December 31, 2016
Loan-to-value	Carrying Value		Avg. Debt-Service Coverage Ratio	Carrying Value		Avg. Debt-Service Coverage Ratio
Greater than 80%	$	5	1.26x	$	20	0.59x
65% - 80%	125		1.88x	182		2.17x
Less than 65%	2,742		2.69x	2,609		2.61x
Total commercial mortgage loans	$	2,872	2.65x	$	2,811	2.55x



Mortgage Loans by Region
	December 31, 2017				December 31, 2016
	Carrying Value		Percent of Total		Carrying Value		Percent of Total
East North Central	$	62	2.1	%	$	54	1.9	%
East South Central	14		0.5	%	14		0.5	%
Middle Atlantic	291		10.1	%	237		8.4	%
New England	92		3.2	%	93		3.3	%
Pacific	838		29.2	%	814		29.0	%
South Atlantic	608		21.2	%	613		21.8	%
West South Central	195		6.8	%	128		4.6	%
Other [1]	772		26.9	%	858		30.5	%
Total mortgage loans	$	2,872	100	%	$	2,811	100	%


[1]	Primarily represents loans collateralized by multiple properties in various regions.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

3. Investments (continued)



Mortgage Loans by Property Type
	December 31, 2017				December 31, 2016
	Carrying Value		Percent of Total		Carrying Value		Percent of Total
Commercial
Industrial	$	743	25.9	%	$	793	28.2	%
Lodging	24		0.8	%	25		0.9	%
Multifamily	662		23.0	%	535		19.0	%
Office	685		23.9	%	605		21.5	%
Retail	557		19.4	%	611		21.8	%
Other	201		7.0	%	242		8.6	%
Total mortgage loans	$	2,872	100	%	$	2,811	100	%

Variable Interest Entities

The Company is engaged with various special purpose entities and other entities that are deemed to be VIEs primarily as an investor through normal investment activities.

A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest, such as simple majority kick-out rights, or lacks sufficient funds to finance its own activities without financial support provided by other entities. The Company performs ongoing qualitative assessments of its VIEs to determine whether the Company has a controlling financial interest in the VIE and therefore is the primary beneficiary. The Company is deemed to have a controlling financial interest when it has both the ability to direct the activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE. Based on the Company’s assessment, if it determines it is the primary beneficiary, the Company consolidates the VIE in the Company’s Condensed Consolidated Financial Statements. As of December 31, 2017 and December 31, 2016 the Company did not hold any VIEs for which it was the primary beneficiary.

Non-Consolidated VIEs

The Company, through normal investment activities, makes passive investments in limited partnerships and other alternative investments. Upon the adoption of the new consolidation guidance discussed above, these investments are now considered VIEs. For these non-consolidated VIEs, the Company has determined it is not the primary beneficiary as it has no ability to direct activities that could significantly affect the economic performance of the investments. The Company’s maximum exposure to loss as of December 31, 2017 and December 31, 2016 is limited to the total carrying value of $900 and $859, respectively, which are included in limited partnerships and other alternative investments in the Company's Consolidated Balance Sheets. As of December 31, 2017 and December 31, 2016, the Company has outstanding commitments totaling $673 and $497, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses. These investments are generally of a passive nature in that the Company does not take an active role in management.

In addition, the Company also makes passive investments in structured securities issued by VIEs for which the Company is not the manager. These investments are included in ABS, CDOs, CMBS and RMBS in the Available-for-Sale Securities table and fixed maturities, FVO, in the Company’s Consolidated Balance Sheets. The Company has not provided financial or other support with respect to these investments other than its original investment. For these investments, the Company determined it is not the primary beneficiary due to the relative size of the Company’s investment in comparison to the principal amount of the structured securities issued by the VIEs, the level of credit subordination which reduces the Company’s obligation to absorb losses or right to receive benefits and the Company’s inability to direct the activities that most significantly impact the economic performance of the VIEs. The Company’s maximum exposure to loss on these investments is limited to the amount of the Company’s investment.

Securities Lending, Repurchase Agreements and Other Collateral Transactions

The Company enters into securities financing transactions as a way to earn additional income or manage liquidity, primarily through securities lending and repurchase agreements.

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3. Investments (continued)

Securities Lending

Under a securities lending program, the Company lends certain fixed maturities within the corporate, foreign government/government agencies, and municipal sectors as well as equity securities to qualifying third-party borrowers in return for collateral in the form of cash or securities. For domestic and non-domestic loaned securities, respectively, borrowers provide collateral of 102% and 105% of the fair value of the securities lent at the time of the loan. Borrowers will return the securities to the Company for cash or securities collateral at maturity dates generally of 90 days or less. Security collateral on deposit from counterparties in connection with securities lending transactions may not be sold or re-pledged, except in the event of default by the counterparty, and is not reflected on the Company’s Condensed Consolidated Balance Sheets. Additional collateral is obtained if the fair value of the collateral falls below 100% of the fair value of the loaned securities. The agreements provide the counterparty the right to sell or re-pledge the securities loaned. If cash, rather than securities, is received as collateral, the cash is typically invested in short-term investments or fixed maturities and is reported as an asset on the Company's Condensed Consolidated Balance Sheets. Income associated with securities lending transactions is reported as a component of net investment income in the Company’s Condensed Consolidated Statements of Operations.

Repurchase Agreements

From time to time, the Company enters into repurchase agreements to manage liquidity or to earn incremental income. A repurchase agreement is a transaction in which one party (transferor) agrees to sell securities to another party (transferee) in return for cash (or securities), with a simultaneous agreement to repurchase the same securities at a specified price at a later date. These transactions generally have a contractual maturity of ninety days or less. Repurchase agreements include master netting provisions that provide both counterparties the right to offset claims and apply securities held by them with respect to their obligations in the event of a default. Although the Company has the contractual right to offset claims, the Company's current positions do not meet the specific conditions for net presentation.

Under repurchase agreements, the Company transfers collateral of U.S. government and government agency securities and receives cash. For repurchase agreements, the Company obtains cash in an amount equal to at least 95% of the fair value of the securities transferred. The agreements require additional collateral to be transferred when necessary and provide the counterparty the right to sell or re-pledge the securities transferred. The cash received from the repurchase program is typically invested in short-term investments or fixed maturities and is reported as an asset on the Company's Condensed Consolidated Balance Sheets. The Company accounts for the repurchase agreements as collateralized borrowings. The securities transferred under repurchase agreements are included in fixed maturities, AFS with the obligation to repurchase those securities recorded in other liabilities on the Company's Condensed Consolidated Balance Sheets.

From time to time, the Company enters into reverse repurchase agreements where the Company purchases securities and simultaneously agrees to resell the same or substantially the same securities. The agreements require additional collateral to be transferred to the Company when necessary and the Company has the right to sell or re-pledge the securities received. The Company accounts for reverse repurchase agreements as collateralized financing.



Securities Lending and Repurchase Agreements
	December 31, 2017		December 31, 2016
	Fair Value		Fair Value
Securities Lending Transactions:
Gross amount of securities on loan	$	674	$	435
Gross amount of associated liability for collateral received [1]	$	689	$	446

Repurchase agreements:
Gross amount of recognized liabilities for repurchase agreements	$	202	$	118
Gross amount of collateral pledged related to repurchase agreements [2]	$	206	$	121


[1]	Cash collateral received is reinvested in fixed maturities, AFS and short term investments which are included in the Condensed Consolidated Balance Sheets. Amount includes additional securities collateral received of $1 and $26 million which are excluded from the Company's Condensed Consolidated Balance Sheets as of December 31, 2017 and December 31, 2016, respectively.


[2]	Collateral pledged is included within fixed maturities, AFS and short term investments in the Company's Condensed Consolidated Balance Sheets.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

3. Investments (continued)

Other Collateral Transactions

The Company is required by law to deposit securities with government agencies in certain states in which it conducts business. As of December 31, 2017 and December 31, 2016, the fair value of securities on deposit was $22 and $21, respectively.

For disclosure of collateral in support of derivative transactions, refer to the Derivative Collateral Arrangements section of Note 4 - Derivative Instruments.

Equity Method Investments

The majority of the Company's investments in limited partnerships and other alternative investments, including hedge funds, mortgage and real estate funds, and private equity and other funds (collectively, “limited partnerships”), are accounted for under the equity method of accounting. The Company’s maximum exposure to loss as of December 31, 2017 is limited to the total carrying value of $1.0 billion. In addition, the Company has outstanding commitments totaling approximately $683, to fund limited partnership and other alternative investments as of December 31, 2017. The Company’s investments in limited partnerships are generally of a passive nature in that the Company does not take an active role in the management of the limited partnerships. In 2017, aggregate investment income (losses) from limited partnerships and other alternative investments exceeded 10% of the Company’s pre-tax consolidated net income. Accordingly, the Company is disclosing aggregated summarized financial data for the Company’s limited partnership investments. This aggregated summarized financial data does not represent the Company’s proportionate share of limited partnership assets or earnings. Aggregate total assets of the limited partnerships in which the Company invested totaled $161.1 billion and $100.6 billion as of December 31, 2017 and 2016, respectively. Aggregate total liabilities of the limited partnerships in which the Company invested totaled $46.5 billion and $17.6 billion as of December 31, 2017 and 2016, respectively. Aggregate net investment income (loss) of the limited partnerships in which the Company invested totaled $1.8 billion, $0.9 billion and $0.8 billion for the periods ended December 31, 2017, 2016 and 2015, respectively. Aggregate net income of the limited partnerships in which the Company invested totaled $8.1 billion, $7.4 billion, and $5.2 billion for the periods ended December 31, 2017, 2016 and 2015, respectively. As of, and for the period ended, December 31, 2017, the aggregated summarized financial data reflects the latest available financial information.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

4. Derivatives

Derivative Instruments

The Company utilizes a variety of OTC, OTC-cleared and exchange traded derivative instruments as a part of its overall risk management strategy as well as to enter into replication transactions. Derivative instruments are used to manage risk associated with interest rate, equity market, commodity market, credit spread, issuer default, price, and currency exchange rate risk or volatility. Replication transactions are used as an economical means to synthetically replicate the characteristics and performance of assets that are permissible investments under the Company’s investment policies. The Company also may enter into and has previously issued financial instruments and products that either are accounted for as free-standing derivatives, such as certain reinsurance contracts, or as embedded derivative instruments, such as certain GMWB riders included with certain variable annuity products.

Strategies that Qualify for Hedge Accounting

Some of the Company's derivatives satisfy hedge accounting requirements as outlined in Note 1 of these financial statements. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. The hedge strategies by hedge accounting designation include:

Cash Flow Hedges

Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. The Company has also entered into forward starting swap agreements to hedge the interest rate exposure related to the future purchase of fixed-rate securities, primarily to hedge interest rate risk inherent in the assumptions used to price certain product liabilities.

Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates.

Fair Value Hedges

The Company previously used interest rate swaps to hedge the changes in fair value of fixed maturity securities due to fluctuations in interest rates. These swaps were typically used to manage interest rate duration.

Non-qualifying Strategies

Derivative relationships that do not qualify for hedge accounting (“non-qualifying strategies”) primarily include the hedge program for the Company's variable annuity products as well as the hedging and replication strategies that utilize credit default swaps. In addition, hedges of interest rate, foreign currency and equity risk of certain fixed maturities, equities and liabilities do not qualify for hedge accounting.

The non-qualifying strategies include:

Credit Contracts

Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge against default risk and credit-related changes in the value of fixed maturity securities. Credit default swaps are also used to assume credit risk related to an individual entity or referenced index as a part of replication transactions. These contracts require the Company to pay or receive a periodic fee in exchange for compensation from the counterparty should the referenced security issuers experience a credit event, as defined in the contract. In addition, the Company enters into credit default swaps to terminate existing credit default swaps, thereby offsetting the changes in value of the original swap going forward.

Interest Rate Swaps, Swaptions, and Futures

The Company uses interest rate swaps, swaptions, and futures to manage interest rate duration between assets and liabilities in certain investment portfolios. In addition, the Company enters into interest rate swaps to terminate existing swaps, thereby offsetting the changes in value of the original swap. As of both December 31, 2017 and 2016, the notional amount of interest rate swaps in offsetting relationships was $2.7 billion.

Foreign Currency Swaps and Forwards

The Company enters into foreign currency swaps to convert the foreign currency exposures of certain foreign currency-denominated fixed maturity investments to U.S. dollars. The Company also enters into foreign currency forwards to hedge non-U.S. dollar denominated cash and, previously, to hedge equity securities.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

4. Derivatives (continued)

Fixed Payout Annuity Hedge

The Company has obligations for certain yen denominated fixed payout annuities under an assumed reinsurance contract. The Company invests in U.S. dollar denominated assets to support the assumed reinsurance liability. The Company has in place pay U.S. dollar, receive yen swap contracts to hedge the currency and yen interest rate exposure between the U.S. dollar denominated assets and the yen denominated fixed liability reinsurance payments.

Equity Index Swaps and Options

The Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio. The Company previously entered into total return swaps to hedge equity risk of specific common stock investments which were accounted for using fair value option in order to align the accounting treatment within net realized capital gains (losses). In addition, the Company formerly offered certain equity indexed products that remain in force, a portion of which contained embedded derivatives that require changes in value to be bifurcated from the host contract. The Company uses equity index swaps to economically hedge the equity volatility risk associated with the equity indexed products.

Commodity Contracts

The Company has used put option contracts on oil futures to partially offset potential losses related to certain fixed maturity securities that could be impacted by changes in oil prices. These options were terminated at the end of 2015.

GMWB Derivatives, net

The Company formerly offered certain variable annuity products with GMWB riders. The GMWB product is a bifurcated embedded derivative (“GMWB product derivatives”) that has a notional value equal to the GRB. The Company uses reinsurance contracts to transfer a portion of its risk of loss due to GMWB. The reinsurance contracts covering GMWB (“GMWB reinsurance contracts”) are accounted for as free-standing derivatives with a notional amount equal to the GRB reinsured.

The Company utilizes derivatives (“GMWB hedging instruments”) as part of a dynamic hedging program designed to hedge a portion of the capital market risk exposures of the non-reinsured GMWB riders. The GMWB hedging instruments hedge changes in interest rates, equity market levels, and equity volatility. These derivatives include customized swaps, interest rate swaps and futures, and equity swaps, options and futures, on certain indices including the S&P 500 index, EAFE index and NASDAQ index. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices.



GMWB Hedging Instruments
	Notional Amount				Fair Value
	December 31, 2017		December 31, 2016		December 31, 2017			December 31, 2016
Customized swaps	$	5,023	$	5,191	$	59		$	100
Equity swaps, options, and futures	1,407		1,362		(31		)	(27		)
Interest rate swaps and futures	3,022		3,703		39			21
Total	$	9,452	$	10,256	$	67		$	94

Macro Hedge Program

The Company utilizes equity swaps, options, forwards and futures to provide partial protection against the statutory tail scenario risk arising from GMWB and the GMDB liabilities on the Company's statutory surplus. These derivatives cover some of the residual risks not otherwise covered by the dynamic hedging program.

Modified Coinsurance Reinsurance Contracts

As of December 31, 2017 and 2016, the Company had approximately $861 and $875, respectively, of invested assets supporting other policyholder funds and benefits payable reinsured under a modified coinsurance arrangement in connection with the sale of the Individual Life business, which was structured as a reinsurance transaction. The assets are primarily held in a trust established by the Company. The Company pays or receives cash quarterly to settle the operating results of the reinsured business, including the investment results. As a result of this modified coinsurance arrangement, the Company has an embedded derivative that transfers to the reinsurer certain unrealized changes in fair value of investments subject to interest rate and credit risk. The notional amount of the embedded derivative reinsurance contracts are the invested assets which are carried at fair value and support the reinsured reserves.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

4. Derivatives (continued)

Derivative Balance Sheet Classification

For reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset. The following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation. Derivatives in the Company’s separate accounts, where the associated gains and losses accrue directly to policyholders are not included in the table below. The Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity. Notional amounts are not necessarily reflective of credit risk. The following tables exclude investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 2 - Fair Value Measurements of Notes to the Consolidated Financial Statements.



	Net Derivatives										Asset Derivatives				Liability Derivatives
	Notional Amount				Fair Value						Fair Value				Fair Value
Hedge Designation/ Derivative Type	Dec 31, 2017		Dec 31, 2016		Dec 31, 2017			Dec 31, 2016			Dec 31, 2017		Dec 31, 2016		Dec 31, 2017			Dec 31, 2016
Cash flow hedges
Interest rate swaps	$	1,486	$	1,794	$	—		$	7		$	6	$	9	$	(6	)	$	(2	)
Foreign currency swaps	182		164		(12		)	(16		)	5		10		(17		)	(26		)
Total cash flow hedges	1,668		1,958		(12		)	(9		)	11		19		(23		)	(28		)
Non-qualifying strategies
Interest rate contracts
Interest rate swaps and futures	3,219		2,774		(356		)	(411		)	339		249		(695		)	(660		)
Foreign exchange contracts
Foreign currency swaps and forwards	342		382		(6		)	36			—		36		(6		)	—
Fixed payout annuity hedge	540		804		(170		)	(263		)	—		—		(170		)	(263		)
Credit contracts
Credit derivatives that purchase credit protection	80		131		(3		)	(3		)	—		—		(3		)	(3		)
Credit derivatives that assume credit risk [1]	380		458		3			4			9		5		(6		)	(1		)
Credit derivatives in offsetting positions	200		1,006		1			(1		)	9		16		(8		)	(17		)
Equity contracts
Equity index swaps and options	—		100		—			—			—		33		—			(33		)
Variable annuity hedge program
GMWB product derivatives [2]	11,390		13,114		(75		)	(241		)	—		—		(75		)	(241		)
GMWB reinsurance contracts	2,372		2,709		35			73			35		73		—			—
GMWB hedging instruments	9,452		10,256		67			94			120		190		(53		)	(96		)
Macro hedge program	7,252		6,532		23			178			45		201		(22		)	(23		)
Other
Modified coinsurance reinsurance contracts	861		875		55			68			55		68		—			—
Total non-qualifying strategies	36,088		39,141		(426		)	(466		)	612		871		(1,038		)	(1,337		)
Total cash flow hedges, fair value hedges, and non-qualifying strategies	$	37,756	$	41,099	$	(438	)	$	(475	)	$	623	$	890	$	(1,061	)	$	(1,365	)
Balance Sheet Location
Fixed maturities, available-for-sale	$	39	$	121	$	—		$	—		$	—	$	—	$	—		$	—
Other investments	10,340		12,732		135			235			302		325		(167		)	(90		)
Other liabilities	12,754		11,498		(588		)	(577		)	231		424		(819		)	(1,001		)
Reinsurance recoverables	3,233		3,584		90			141			90		141		—			—
Other policyholder funds and benefits payable	11,390		13,164		(75		)	(274		)	—		—		(75		)	(274		)
Total derivatives	$	37,756	$	41,099	$	(438	)	$	(475	)	$	623	$	890	$	(1,061	)	$	(1,365	)


[1]	The derivative instruments related to this strategy are held for other investment purposes.


[2]	These derivatives are embedded within liabilities and are not held for risk management purposes.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

4. Derivatives (continued)

Offsetting of Derivative Assets/Liabilities

The following tables present the gross fair value amounts, the amounts offset, and net position of derivative instruments eligible for offset in the Company's Consolidated Balance Sheets. Amounts offset include fair value amounts, income accruals and related cash collateral receivables and payables associated with derivative instruments that are traded under a common master netting agreement, as described in the preceding discussion. Also included in the tables are financial collateral receivables and payables, which are contractually permitted to be offset upon an event of default, although are disallowed for offsetting under U.S. GAAP.



	(i)			(ii)			(iii) = (i) - (ii)									(v) = (iii) - (iv)
							Net Amounts Presented in the Statement of Financial Position						Collateral Disallowed for Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Derivative Assets [1] (Liabilities) [2]			Accrued Interest and Cash Collateral (Received) [3] Pledged [2]			Financial Collateral (Received) Pledged [4]			Net Amount
As of December 31, 2017
Other investments	$	533		$	491		$	135		$	(93	)	$	—		$	42
Other liabilities	(986		)	(307		)	(588		)	(91		)	(674		)	(5		)
As of December 31, 2016
Other investments	$	749		$	588		$	235		$	(74	)	$	101		$	60
Other liabilities	(1,091		)	(396		)	(577		)	(118		)	(655		)	(40		)


[1]	Included in other invested assets in the Company's Consolidated Balance Sheets.


[2]	Included in other liabilities in the Company's Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty.


[3]	Included in other investments in the Company's Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty.


[4]	Excludes collateral associated with exchange-traded derivative instruments.

Cash Flow Hedges

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge ineffectiveness are recognized in current period earnings. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.



Derivatives in Cash Flow Hedging Relationships
	Gain (Loss) Recognized in OCI on Derivative (Effective Portion)
	2017			2016			2015
Interest rate swaps	$	(13	)	$	(16	)	$	3
Foreign currency swaps	4			2			—
Total	$	(9	)	$	(14	)	$	3



Derivatives in Cash Flow Hedging Relationships
		Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
		2017			2016			2015
Interest rate swaps	Net realized capital (losses) gains	$	(1	)	$	1		$	(1	)
Interest rate swaps	Net investment income	26			25			33
Foreign currency swaps	Net realized capital gains (losses)	11			(2		)	(9		)
Total		$	36		$	24		$	23

During the years ended December 31, 2017, 2016, and 2015, the Company had no ineffectiveness recognized in income within net realized gains (losses).

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

4. Derivatives (continued)

As of December 31, 2017, the before-tax deferred net gains on derivative instruments recorded in AOCI that are expected to be reclassified to earnings during the next twelve months are $54. This expectation is based on the anticipated interest payments on hedged investments in fixed maturity securities that will occur over the next twelve months, at which time the Company will recognize the deferred net gains (losses) as an adjustment to net investment income over the term of the investment cash flows.

During the years ended December 31, 2017, 2016, and 2015, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring.

Fair Value Hedges

For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivatives as well as the offsetting loss or gain on the hedged items attributable to the hedged risk are recognized in current earnings. The Company includes the gain or loss on the derivative in the same line item as the offsetting loss or gain on the hedged item. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

For the years ended December 31, 2017, 2016, and 2015, the Company recognized in income immaterial gains and (losses) for the ineffective portion of fair value hedges related to the derivative instrument and the hedged item.

Non-qualifying Strategies

For non-qualifying strategies, including embedded derivatives that are required to be bifurcated from their host contracts and accounted for as derivatives, the gain or loss on the derivative is recognized currently in earnings within net realized capital gains (losses).



Non-qualifying Strategies Gain (Loss) Recognized within Net Realized Capital Gains (Losses)
	December 31,
	2017			2016			2015
Variable annuity hedge program
GMWB product derivatives	$	231		$	88		$	(59	)
GMWB reinsurance contracts	(49		)	(14		)	17
GMWB hedging instruments	(134		)	(112		)	(45		)
Macro hedge program	(260		)	(163		)	(46		)
Total variable annuity hedge program	(212		)	(201		)	(133		)
Foreign exchange contracts
Foreign currency swaps and forwards	(9		)	32			5
Fixed payout annuity hedge	4			25			(21		)
Total foreign exchange contracts	(5		)	57			(16		)
Other non-qualifying derivatives
Interest rate contracts
Interest rate swaps, swaptions, and futures	4			(18		)	(7		)
Credit contracts
Credit derivatives that purchase credit protection	(12		)	(9		)	3
Credit derivatives that assume credit risk	18			15			(4		)
Equity contracts
Equity index swaps and options	3			30			19
Commodity contracts
Commodity options	—			—			(5		)
Other
Modified coinsurance reinsurance contracts	(13		)	(12		)	46
Total other non-qualifying derivatives	(13		)	(12		)	46
Total [1]	$	(217	)	$	(138	)	$	(97	)

[1] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 2 - Fair Value Measurements.

Credit Risk Assumed through Credit Derivatives

The Company enters into credit default swaps that assume credit risk of a single entity or referenced index in order to synthetically replicate investment transactions that are permissible under the Company's investment policies. The Company will receive periodic payments based on an agreed upon rate and notional amount and will only make a payment if there is a credit event. A credit event payment will typically be equal to the notional value of the swap contract less the value of the referenced security issuer’s debt

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

4. Derivatives (continued)

obligation after the occurrence of the credit event. A credit event is generally defined as a default on contractually obligated interest or principal payments or bankruptcy of the referenced entity. The credit default swaps in which the Company assumes credit risk primarily reference investment grade single corporate issuers and baskets, which include standard diversified portfolios of corporate and CMBS issuers. The diversified portfolios of corporate issuers are established within sector concentration limits and may be divided into tranches that possess different credit ratings.

As of December 31, 2017



							Underlying Referenced Credit Obligation(s) [1]
Credit Derivative type by derivative risk exposure	Notional Amount [2]		Fair Value			Weighted Average Years to Maturity	Type	Average Credit Rating	Offsetting Notional Amount [3]		Offsetting Fair Value [3]
Single name credit default swaps
Investment grade risk exposure	$	120	$	3		5 years	Corporate Credit/ Foreign Gov.	A-	$	—	$	—
Below investment grade risk exposure	43		—			Less than 1 Year	Corporate Credit	B	43		—
Basket credit default swaps [4]
Investment grade risk exposure	250		—			5 years	Corporate Credit	BBB+	—		—
Below investment grade risk exposure	22		2			3 years	Corporate Credit	B+	22		—
Investment grade risk exposure	15		(1		)	4 years	CMBS Credit	A	5		—
Below investment grade risk exposure	30		(5		)	Less than 1 Year	CMBS Credit	CCC	30		5
Total [5]	$	480	$	(1	)				$	100	$	5

As of December 31, 2016



							Underlying Referenced Credit Obligation(s) [1]
Credit Derivative type by derivative risk exposure	Notional Amount [2]		Fair Value			Weighted Average Years to Maturity	Type	Average Credit Rating	Offsetting Notional Amount [3]		Offsetting Fair Value [3]
Single name credit default swaps
Investment grade risk exposure	$	88	$	—		3 years	Corporate Credit/ Foreign Gov.	A	$	45	$	—
Below investment grade risk exposure	43		—			1 year	Corporate Credit	B-	43		—
Basket credit default swaps [4]
Investment grade risk exposure	493		5			3 years	Corporate Credit	BBB+	225		(1		)
Below investment grade risk exposure	22		2			4 years	Corporate Credit	B	22		(2		)
Investment grade risk exposure	158		(2		)	2 years	CMBS Credit	AA+	111		1
Below investment grade risk exposure	57		(13		)	1 year	CMBS Credit	CCC	57		13
Embedded credit derivatives
Investment grade risk exposure	100		100			Less than 1 year	Corporate Credit	A+	—		—
Total [5]	$	961	$	92					$	503	$	11


[1]	The average credit ratings are based on availability and are generally the midpoint of the available ratings among Moody’s, S&P, Fitch and Morningstar. If no rating is available from a rating agency, then an internally developed rating is used.


[2]	Notional amount is equal to the maximum potential future loss amount. These derivatives are governed by agreements, clearing house rules and applicable law which include collateral posting requirements. There is no additional specific collateral related to these contracts or recourse provisions included in the contracts to offset losses.


[3]	The Company has entered into offsetting credit default swaps to terminate certain existing credit default swaps, thereby offsetting the future changes in value of, or losses paid related to, the original swap.


[4]	Comprised of swaps of standard market indices of diversified portfolios of corporate and CMBS issuers referenced through credit default swaps. These swaps are subsequently valued based upon the observable standard market index.


[5]	Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 2 - Fair Value Measurements.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

4. Derivatives (continued)

Derivative Collateral Arrangements

The Company enters into various collateral arrangements in connection with its derivative instruments, which require both the pledging and accepting of collateral. As of December 31, 2017 and 2016, the Company pledged cash collateral associated with derivative instruments with a fair value of $32 and $134, respectively, for which the collateral receivable has been primarily included within other assets on the Company's Consolidated Balance Sheets. As of December 31, 2017 and 2016, the Company also pledged securities collateral associated with derivative instruments with a fair value of $729 and $830, respectively, which have been included in fixed maturities on the Consolidated Balance Sheets. The counterparties have the right to sell or re-pledge these securities.

As of December 31, 2017 and 2016, the Company accepted cash collateral associated with derivative instruments of $310 and $333, respectively, which was invested and recorded in the Consolidated Balance Sheets in fixed maturities and short-term investments with corresponding amounts recorded in other investments or other liabilities as determined by the Company's election to offset on the balance sheet. The Company also accepted securities collateral as of December 31, 2016 with a fair value of $107, of which the Company has the ability to sell or repledge $81. As of December 31, 2017 the Company did not hold any securties collateral. As of December 31, 2017 and 2016, the Company had no repledged securities and did not sell any securities.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Reinsurance

The Company cedes insurance to affiliated and unaffiliated insurers to enable the Company to manage capital and risk exposure. Such arrangements do not relieve the Company of its primary liability to policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company's procedures include careful initial selection of its reinsurers, structuring agreements to provide collateral funds where necessary, and regularly monitoring the financial condition and ratings of its reinsurers.

Reinsurance Recoverables

Reinsurance recoverables include balances due from reinsurance companies and are presented net of an allowance for uncollectible reinsurance. Reinsurance recoverables include an estimate of the amount of gross losses and loss adjustment expense reserves that may be ceded under the terms of the reinsurance agreements, including incurred but not reported unpaid losses. The Company’s estimate of losses and loss adjustment expense reserves ceded to reinsurers is based on assumptions that are consistent with those used in establishing the gross reserves for business ceded to the reinsurance contracts. The Company calculates its ceded reinsurance projection based on the terms of any applicable reinsurance agreements, including an estimate of how incurred but not reported losses will ultimately be ceded under reinsurance agreements. Accordingly, the Company’s estimate of reinsurance recoverables is subject to similar risks and uncertainties as the estimate of the gross reserve for future policy benefits.

The Company's reinsurance recoverables are summarized as follows:



	As of December 31,
Reinsurance Recoverables	2017		2016
Reserve for future policy benefits and other policyholder funds and benefits payable
Sold businesses (MassMutual and Prudential)	$	19,448	$	19,363
Other reinsurers	1,337		1,362
Gross reinsurance recoverables	$	20,785	$	20,725

As of December 31, 2017, the Company has reinsurance recoverables from MassMutual and Prudential of $8.3 billion and $11.1 billion, respectively. As of December 31, 2016, the Company has reinsurance recoverables from MassMutual and Prudential of $8.6 billion and $10.8 billion, respectively. The Company's obligations to its direct policyholders that have been reinsured to MassMutual and Prudential are secured by invested assets held in trust. As of December 31, 2017, net of invested assets held in trust, the Company has no reinsurance-related concentrations of credit risk greater than 10% of the Company’s Consolidated Stockholder's Equity.

No allowance for uncollectible reinsurance is required as of December 31, 2017 and December 31, 2016. The allowance for uncollectible reinsurance reflects management’s best estimate of reinsurance cessions that may be uncollectible in the future due to reinsurers’ unwillingness or inability to pay. The Company analyzes recent developments in commutation activity between reinsurers and cedants, recent trends in arbitration and litigation outcomes in disputes between reinsurers and cedants and the overall credit quality of the Company’s reinsurers. Based on this analysis, the Company may adjust the allowance for uncollectible reinsurance or charge off reinsurer balances that are determined to be uncollectible. Where its contracts permit, the Company secures future claim obligations with various forms of collateral, including irrevocable letters of credit, secured trusts, funds held accounts and group-wide offsets.

Due to the inherent uncertainties as to collection and the length of time before reinsurance recoverables become due, it is possible that future adjustments to the Company’s reinsurance recoverables, net of the allowance, could be required, which could have a material adverse effect on the Company’s consolidated results of operations or cash flows in a particular quarter or annual period.

Insurance Revenues

The effect of reinsurance on earned premiums, fee income and other is as follows:



	Year Ended December 31,
	2017			2016			2015
Gross earned premiums, fee income and other	$	2,434		$	2,659		$	2,877
Reinsurance assumed	116			129			113
Reinsurance ceded	(1,539		)	(1,616		)	(1,801		)
Net earned premiums, fee income and other	$	1,011		$	1,172		$	1,189

The cost of reinsurance related to long-duration contracts is accounted for over the life of the underlying reinsured policies using assumptions consistent with those used to account for the underlying policies. Insurance recoveries on ceded reinsurance agreements, which reduce death and other benefits, were $1,150, $1,131, and $1,094 for the years ended December 31, 2017, 2016, and 2015, respectively. In addition, the Company has reinsured a portion of the risk associated with U.S. variable annuities and the associated GMDB and GMWB riders.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Reinsurance (continued)

The Company also maintains a reinsurance agreement with Hartford Life and Accident Insurance Company ("HLA"), whereby the Company has ceded all of its group life and group accident and health risk business to HLA. Under this treaty, the Company ceded group life premium of $27, $40, and $64 for the years ended December 31, 2017, 2016, and 2015, respectively. The Company ceded accident and health premiums to HLA of $70, $86, and $129 for the years ended December 31, 2017, 2016, and 2015, respectively.

6. Deferred Policy Acquisition Costs



Changes in the DAC Balance
	For the years ended December 31,
	2017			2016			2015
Balance, beginning of period	$	463		$	542		$	521
Deferred costs	2			7			7
Amortization — DAC	(51		)	(40		)	(82		)
Amortization — Unlock benefit (charge), pre-tax	3			(74		)	13
Adjustments to unrealized gains and losses on securities AFS and other	(12		)	28			83
Balance, end of period	$	405		$	463		$	542

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Reserves for Future Policy Benefits and Separate Account Liabilities



Changes in Reserves for Future Policy Benefits
	Universal Life-Type Contracts
	GMDB/GMWB [1]			Life Secondary Guarantees		Traditional Annuity and Other Contracts [2] [4]			Total
Liability balance as of January 1, 2017	$	786		$	2,627	$	10,587		$	14,000
Incurred [3]	185			313		777			1,275
Paid	(98		)	—		(787		)	(885		)
Change in unrealized investment gains and losses	—			—		92			92
Liability balance as of December 31, 2017	$	873		$	2,940	$	10,669		$	14,482
Reinsurance recoverable asset, as of January 1, 2017	$	432		$	2,627	$	1,697		$	4,756
Incurred [3]	113			313		108			534
Paid	(81		)	—		(63		)	(144		)
Reinsurance recoverable asset, as of December 31, 2017	$	464		$	2,940	$	1,742		$	5,146



	Universal Life-Type Contracts
	GMDB/GMWB [1]			Life Secondary Guarantees		Traditional Annuity and Other Contracts [2]			Total Future Policy Benefits
Liability balance as of January 1, 2016	$	863		$	2,313	$	10,674		$	13,850
Incurred [3]	37			314		671			1,022
Paid	(114		)	—		(785		)	(899		)
Change in unrealized investment gains and losses	—			—		27			27
Liability balance as of December 31, 2016	$	786		$	2,627	$	10,587		$	14,000
Reinsurance recoverable asset, as of January 1, 2016	$	523		$	2,313	$	1,823		$	4,659
Incurred [3]	—			314		(56		)	258
Paid	(91		)	—		(70		)	(161		)
Reinsurance recoverable asset, as of December 31, 2016	$	432		$	2,627	$	1,697		$	4,756


[1]	These liability balances include all GMDB benefits, plus the life-contingent portion of GMWB benefits in excess of the return of the GRB. GMWB benefits up to the GRB are embedded derivatives held at fair value and are excluded from these balances.


[2]	Represents life-contingent reserves for which the company is subject to insurance and investment risk.


[3]	Includes the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves.


[4]	Includes $285 of gross reserves and $288 of reinsurance recoverables that relates to business HLIC cedes to HLA.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Reserves for Future Policy Benefits and Separate Account Liabilities (continued)



Account Value by GMDB/GMWB Type as of December 31, 2017
	Account Value (“AV”) [8]		Net amount at Risk (“NAR”) [9]		Retained Net Amount at Risk (“RNAR”) [9]		Weighted Average Attained Age of Annuitant
MAV [1]
MAV only	$	13,769	$	1,995	$	300	71
With 5% rollup [2]	1,152		131		41		72
With Earnings Protection Benefit Rider (“EPB”) [3]	3,498		541		82		71
With 5% rollup & EPB	477		108		23		73
Total MAV	18,896		2,775		446
Asset Protection Benefit ("APB") [4]	10,107		92		62		70
Lifetime Income Benefit ("LIB") – Death Benefit [5]	452		4		4		71
Reset [6] (5-7 years)	2,469		6		5		70
Return of Premium ("ROP") [7] /Other	8,899		52		50		71
Subtotal Variable Annuity with GMDB/GMWB [10]	$	40,823	$	2,929	$	567	71
Less: General Account Value with GMDB/GMWB	3,615
Subtotal Separate Account Liabilities with GMDB	37,208
Separate Account Liabilities without GMDB	78,626
Total Separate Account Liabilities	$	115,834


[1]	MAV GMDB is the greatest of current AV, net premiums paid and the highest AV on any anniversary before age 80 years (adjusted for withdrawals).


[2]	Rollup GMDB is the greatest of the MAV, current AV, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 years or 100% of adjusted premiums.


[3]	EPB GMDB is the greatest of the MAV, current AV, or contract value plus a percentage of the contract’s growth. The contract’s growth is AV less premiums net of withdrawals, subject to a cap of 200% of premiums net withdrawals.


[4]	APB GMDB is the greater of current AV or MAV, not to exceed current AV plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).


[5]	LIB GMDB is the greatest of current AV; net premiums paid; or, for certain contracts, a benefit amount generally based on market performance that ratchets over time.


[6]	Reset GMDB is the greatest of current AV, net premiums paid and the most recent five to seven year anniversary AV before age 80 years (adjusted for withdrawals).


[7]	ROP GMDB is the greater of current AV and net premiums paid.


[8]	AV includes the contract holder’s investment in the separate account and the general account.


[9]	NAR is defined as the guaranteed minimum death benefit in excess of the current AV. RNAR represents NAR reduced for reinsurance. NAR and RNAR are highly sensitive to equity market movements and increase when equity markets decline.

[10]

Some variable annuity contracts with GMDB also have a life-contingent GMWB that may provide for benefits in excess of the return of the GRB. Such contracts included in this amount have $6.2 billion of total account value and weighted average attained age of 73 years. There is no NAR or retained NAR related to these contracts. Includes $1.9 billion of account value for contracts that had a GMDB at issue but no longer have a GMDB due to certain elections made by policyholders or their beneficiaries.



Account Balance Breakdown of Variable Separate Account Investments for Contracts with Guarantees
Asset type	December 31, 2017		December 31, 2016
Equity securities (including mutual funds)	$	34,496	$	33,880
Cash and cash equivalents	2,712		3,045
Total	$	37,208	$	36,925

As of December 31, 2017 and December 31, 2016, approximately 15% and 16% of the equity securities (including mutual funds), in the preceding table were funds invested in fixed income securities and approximately 85% and 84% were funds invested in equity securities.

For further information on guaranteed living benefits that are accounted for at fair value, such as GMWB, see Note 2 - Fair Value Measurements of Notes to Consolidated Financial Statements.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

8. Debt

Collateralized Advances

The Company is a member of the Federal Home Loan Bank of Boston (“FHLBB”). Membership allows the Company access to collateralized advances, which may be used to support various spread-based business and enhance liquidity management. FHLBB membership requires the company to own member stock and advances require the purchase of activity stock. The amount of advances that can be taken are dependent on the asset types pledged to secure the advances. The CTDOI will permit the Company to pledge up to $0.9 billion in qualifying assets to secure FHLBB advances for 2018. The pledge limit is recalculated annually based on statutory admitted assets and capital and surplus. The Company would need to seek the prior approval of the CTDOI in order to exceed these limits. As of December 31, 2017, the Company had no advances outstanding under the FHLBB facility.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

9. Income Taxes

The provision (benefit) for income taxes consists of the following:



	For the years ended December 31,
	2017		2016		2015
Income Tax Expense (Benefit)
Current - U.S. Federal	$	4	$	2	$	36
Deferred - U.S. Federal	418		72		(6		)
Total income tax expense	$	422	$	74	$	30

Deferred tax assets and liabilities on the consolidated balance sheets represent the tax consequences of differences between the financial reporting and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following:



	As of December 31,
Deferred Tax Assets	2017			2016
Tax basis deferred policy acquisition costs	$	60		$	101
Unearned premium reserve and other underwriting related reserves	4			6
Financial statement deferred policy acquisition costs and reserves	39			32
Investment-related items	155			135
Insurance product derivatives	12			79
Net operating loss carryover	681			1,155
Alternative minimum tax credit [1]	—			232
Foreign tax credit carryover	23			40
Other	29			191
Total Deferred Tax Assets	1,003			1,971
Deferred Tax Liabilities
Net unrealized gain on investments	(398		)	(480		)
Employee benefits	(49		)	(54		)
Total Deferred Tax Liabilities	(447		)	(534		)
Net Deferred Tax Assets	$	556		$	1,437

[1] Amount was reclassified to current tax receivable within other assets of the consolidated balance sheets.

On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (“Tax Reform”). Tax Reform establishes new tax laws that will affect 2018, including, but not limited to, (1) reduction of the U.S. federal corporate income tax rate from 35% to 21%; (2) elimination of the corporate alternative minimum tax (AMT) and changing how existing AMT credits can be realized, (3) limitations on the deductibility of certain executive compensation, (4) changes to the discounting of statutory reserves for tax purposes, (5) modifications to the dividends received deduction, and (6) limitations on net operating losses (NOLs) generated after December 31, 2017 though there is no impact to the Company’s current NOL carryforwards.

In connection with our initial analysis of the impact of Tax Reform, the Company recorded a provisional net income tax expense of $396 in the period ending December 31, 2017. This net expense consists of a $379 reduction of The Company’s deferred tax assets primarily due to the reduction in the U.S. federal corporate income tax rate and a $17 sequestration fee payable associated with refundable AMT credits. Net of the sequestration fee payable, the Company's AMT credits of $234 have been reclassified to a current income tax receivable within other assets in the accompanying consolidated balance sheets. Tax reform allows for the refund of AMT credits over time but no later than 2022.

For components where we have made provisional estimates of the impact of Tax Reform, particularly the estimated amount of sequestration fee payable, adjustments to income tax expense, if any, will be made in the period the adjustments become known in 2018.

Under a separate entity approach, no current tax benefits would have been required to be recorded to equity in 2017, 2016, or 2015.

The Company believes it is more likely than not that all deferred tax assets will be fully realized. In assessing the need for a valuation allowance, management considered future taxable temporary difference reversals, future taxable income exclusive of reversing temporary differences and carryovers, taxable income in open carry back years and other tax planning strategies. From time to time, tax planning strategies could include holding a portion of debt securities with market value losses until recovery, making investments which have specific tax characteristics and business considerations such as asset-liability matching.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

9. Income Taxes (continued)

Net deferred income taxes include the future tax benefits associated with the net operating loss carryover and foreign tax credit carryover as follows:

Net Operating Loss Carryover

As of December 31, 2017 and 2016, the net deferred tax asset included the expected tax benefit attributable to net operating losses of $3,243 and $3,301, respectively. If unutilized, $3,240 of the losses expire from 2023-2036. Utilization of these loss carryovers is dependent upon the generation of sufficient future taxable income.

Most of the net operating loss carryover originated from the Company's U.S. annuity business, including from the hedging program. Given the continued runoff of the U.S. fixed and variable annuity business, the exposure to taxable losses is significantly lessened. Accordingly, given the expected future ultimate parent's consolidated group earnings, the Company believes sufficient taxable income will be generated in the future to utilize its net operating loss carryover. Although the Company believes there will be sufficient future taxable income to fully recover the remainder of the loss carryover, the Company's estimate of the likely realization may change over time. As a condition of the close, in connection with the pending sale of HLI and subsidiaries, the Company will forego approximately $460 of deferred tax assets associated with net operating loss carryovers and foreign tax credits that will be retained by The Hartford. These deferred tax assets continue to be reflected as an asset in the accompanying financial statements as non-recoverability is contingent on the closing of the sale of the business.

Foreign Tax Credit Carryover

As of December 31, 2017 and 2016, the net deferred tax asset included the expected tax benefit attributable to foreign tax credit carryover of $23 and $40 respectively. The foreign tax credit carryovers expire from 2023 to 2024. These credits are available to offset regular federal income taxes from future taxable income and although the Company believes there will be sufficient future regular federal taxable income, there can be no certainty that future events will not affect the ability to utilize the credits. Additionally, the use of the foreign tax credits generally depends on the generation of sufficient taxable income to first utilize all of the U.S. net operating loss carryover. However, the Company has identified and purchased certain investments which allow for utilization of the foreign tax credits without first using the net operating loss carryover. Consequently, the Company believes it is more likely than not the foreign tax credit carryover will be fully realized. Accordingly, no valuation allowance has been provided.

Alternative Minimum Tax Credit and Foreign Tax Credit Carryover

As noted above, because AMT credits are refundable the Company reflected AMT credits, net of a sequestration fee payable, as a current tax receivable at its undiscounted amount and they are no longer included as deferred tax assets.

Including AMT credits, the Company has a current income tax receivable of $341 and $64 as of December 31, 2017 and 2016, respectively.

The Company or one or more of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. The federal audit of the years 2012 and 2013 was completed as of March 31, 2017 with no additional adjustments. Management believes that adequate provision has been made in the financial statements for any potential assessments that may result from tax examinations and other tax-related matters for all open tax years.

The Company’s unrecognized tax benefits are settled with the parent consistent with the terms of a tax sharing agreement. The Company’s effective tax rate for the year ended December 31, 2017 reflects a $3 net increase in the provision for income taxes from intercompany tax settlements.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

9. Income Taxes (continued)

A reconciliation of the tax provision at the U.S. Federal statutory rate to the provision (benefit) for income taxes is as follows:



	For the years ended December 31,
	2017			2016			2015
Tax provision at the U.S. federal statutory rate	$	132		$	125		$	186
Dividends received deduction ("DRD")	(102		)	(76		)	(152		)
Foreign related investments	(7		)	(7		)	(3		)
IRS audit adjustments	—			31			—
Tax Reform	396			—			—
Other	3			1			(1		)
Provision for income taxes	$	422		$	74		$	30

The separate account DRD is estimated for the current year using information from the most recent return, adjusted for current year equity market performance and other appropriate factors, including estimated levels of corporate dividend payments and level of policy owner equity account balances. The actual current year DRD can vary from estimates based on, but not limited to, changes in eligible dividends received in the mutual funds, amounts of distributions from these mutual funds, amounts of short-term capital gains at the mutual fund level and the Company’s taxable income before the DRD. The Company evaluates its DRD computations on a quarterly basis.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

10. Commitments and Contingencies

Contingencies Relating to Corporate Litigation and Regulatory Matters

Management evaluates each contingent matter separately. A loss is recorded if probable and reasonably estimable. Management establishes reserves for these contingencies at its “best estimate,” or, if no one number within the range of possible losses is more probable than any other, the Company records an estimated liability at the low end of the range of losses.

Litigation

The Company is involved in claims litigation arising in the ordinary course of business with respect to life, disability and accidental death and dismemberment insurance policies and with respect to annuity contracts. The Company accounts for such activity through the establishment of reserves for future policy benefits. Management expects that the ultimate liability, if any, with respect to such ordinary-course claims litigation, after consideration of provisions made for potential losses and costs of defense, will not be material to the consolidated financial condition, results of operations or cash flows of the Company.

The Company is also involved in other kinds of legal actions, some of which assert claims for substantial amounts. Such actions have alleged, for example, bad faith in the handling of insurance claims and improper sales practices in connection with the sale of insurance and investment products. Some of these actions also seek punitive damages. Management expects that the ultimate liability, if any, with respect to such lawsuits, after consideration of provisions made for estimated losses, will not be material to the consolidated financial condition of the Company. Nonetheless, given the large or indeterminate amounts sought in certain of these actions, and the inherent unpredictability of litigation, it is possible that an adverse outcome in certain matters could, from time to time, have a material adverse effect on the Company’s consolidated financial condition, results of operations or cash flows in particular quarterly or annual periods.

Lease Commitments

The rent paid to Hartford Fire Insurance Company ("Hartford Fire") for operating leases was $2, $2 and $9 for the years ended December 31, 2017, 2016 and 2015, respectively.



	Operating Leases
2018	$	6
2019	5
2020	4
2021	3
2022	2
Thereafter	8
Total minimum lease payments	$	28

Unfunded Commitments

As of December 31, 2017, the Company has outstanding commitments totaling $787, of which $683 is committed to fund limited partnership and other alternative investments, which may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses. Additionally, $23 of the outstanding commitments relate to various funding obligations associated with private placement securities. The remaining outstanding commitments of $81 relate to mortgage loans the Company is expecting to fund in the first half of 2018.

Guaranty Fund and Other Insurance-related Assessments

In all states, insurers licensed to transact certain classes of insurance are required to become members of a guaranty fund. In most states, in the event of the insolvency of an insurer writing any such class of insurance in the state, members of the funds are assessed to pay certain claims of the insolvent insurer. A particular state’s fund assesses its members based on their respective written premiums in the state for the classes of insurance in which the insolvent insurer was engaged. Assessments are generally limited for any year to one or two percent of premiums written per year depending on the state.

Liabilities for guaranty funds and other insurance-related assessments are accrued when an assessment is probable, when it can be reasonably estimated, and when the event obligating the Company to pay an imposed or probable assessment has occurred. Liabilities for guaranty funds and other insurance-related assessments are not discounted and are included as part of other liabilities in the Consolidated Balance Sheets. As of December 31, 2017 and 2016 the liability balance was $8. As of December 31, 2017 and 2016 amounts related to premium tax offsets of $11 and $15, respectively, were included in other assets.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

10. Commitments and Contingencies (continued)

Derivative Commitments

Certain of the Company’s derivative agreements contain provisions that are tied to the financial strength ratings, as set by nationally recognized statistical agencies, of the individual legal entity that entered into the derivative agreement. If the legal entity’s financial strength were to fall below certain ratings, the counterparties to the derivative agreements could demand immediate and ongoing full collateralization and in certain instances enable the counterparties to terminate the agreements and demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement. The settlement amount is determined by netting the derivative positions transacted under each agreement. If the termination rights were to be exercised by the counterparties, it could impact the legal entity’s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of December 31, 2017, was $692. Of this $692 the legal entities have posted collateral of $847, which is inclusive of initial margin requirements, in the normal course of business. In addition, the Company has posted collateral of $31 associated with a customized GMWB derivative. Based on derivative market values as of December 31, 2017, a downgrade of one or two levels below the current financial strength ratings by either Moody’s or S&P would not require additional assets to be posted as collateral. These collateral amounts could change as derivative market values change, as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated. The nature of the collateral that we post, when required, would be primarily in the form of U.S. Treasury bills, U.S. Treasury notes and government agency securities.

On October 23, 2017, Moody’s lowered its counterparty credit and insurer financial strength ratings on Hartford Life and Annuity Insurance Company and Hartford Life Insurance Company to Baa3. Given this downgrade action, termination rating triggers in two derivative counterparty relationships in which the Company has open derivative contracts were impacted. The Company has successfully re-negotiated the rating triggers with these counterparties. Accordingly, the Company does not expect the current hedging programs to be adversely impacted by the announcement of the downgrade of Hartford Life and Annuity Insurance Company and Hartford Life Insurance Company. In addition, as a result of the downgrade of Hartford Life and Annuity Insurance Company, the Company is required to post an additional $9 of collateral related to a single counterparty relationship.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

11. Transactions with Affiliates

Parent Company Transactions

Transactions of the Company with Hartford Fire Insurance Company ("Hartford Fire"), Hartford Holdings Inc. ("HHI") and its affiliates relate principally to tax settlements, reinsurance, insurance coverage, rental and service fees, payment of dividends and capital contributions, and employee costs. In addition, the Company has issued structured settlement contracts to fund claims settlements of property casualty insurance companies and self -insured entities. In many cases, the structured settlement contracts are to fund claim settlements of the Company's affiliated property and casualty companies whereby these property and casualty companies transferred funds to another affiliate of the Company to purchase the contracts. The Company had $0 and $53, respectively, of reserves for claim annuities purchased by affiliated entities as of December 31, 2017 and December 31, 2016, respectively. Reserves for annuities issued by the Company to The Hartford's property and casualty subsidiaries to fund structured settlement payments where the claimant has not released The Hartford's property and casualty subsidiaries of their primary obligation totaled $682 and $711 as of December 31, 2017 and 2016, respectively.

Substantially all general insurance expenses related to the Company are initially paid by The Hartford. Expenses are allocated to the Company using specific identification if available, or other applicable methods, that would include a blend of revenue, expense and capital.

The Company issued a guarantee to retirees and vested terminated employees of The Hartford Retirement Plan for U.S. Employees (the "Plan”) who retired or terminated prior to January 1, 2004 (the Retirees"). The Plan is sponsored by The Hartford. The guarantee is a commitment to pay all accrued benefits which the Retiree or the Retiree’s designated beneficiary is entitled to receive under the Plan in the event the Plan assets are insufficient to fund those benefits and The Hartford is unable to provide sufficient assets to fund those benefits. In June 2017, The Hartford purchased a group annuity contract with The Prudential Insurance Company of America and settled a portion of The Hartford's benefit obligation, which included, among others, the Retirees. With the purchase of this group annuity contract, The Hartford has transferred its responsibility for the Retirees' pension benefits to The Prudential Insurance Company of America, thereby causing the Plan to have no further liability with respect to any and all of the benefits of the Retirees. Accordingly, the discharge of the underlying pension obligation has extinguished the Company's guarantee.

In 1990, Hartford Fire guaranteed the obligations of the Company with respect to life, accident and health insurance and annuity contracts issued after January 1, 1990. The guarantee was issued to provide an increased level of security to potential purchasers of the Company's products. Although the guarantee was terminated in 1997, it still covers policies that were issued from 1990 to 1997. As of December 31, 2017 and December 31, 2016, no recoverables have been recorded for this guarantee, as the Company was able to meet these policyholder obligations.

Reinsurance Ceded to Affiliates

The Company maintains a reinsurance agreement with Hartford Life and Accident Insurance Company ("HLA") whereby the Company cedes both group life and group accident and health risk. Under this agreement, the Company ceded group life premium of $27, $40, and $64 for the years ended December 31, 2017, 2016, and 2015, respectively. The Company ceded accident and health premiums to HLA of $70, $86, and $129 for the years ended December 31, 2017, 2016, and 2015, respectively.

Effective August 1, 2016, the Company recaptured a reinsurance agreement with HLA, a wholly owned subsidiary of Hartford Life, Inc. whereby the Company had ceded a single group annuity contract to HLA under a 100% quota share agreement. As a result of this recapture, the Company received a return of premium of $90 and increased reserves by $63 resulting in a recognized pre-tax gain of approximately $27.

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HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

12. Statutory Results

The domestic insurance subsidiaries of the Company prepare their statutory financial statements in conformity with statutory accounting practices prescribed or permitted by the applicable state insurance department which vary materially from U.S. GAAP. Prescribed statutory accounting practices include publications of the National Association of Insurance Commissioners (“NAIC”), as well as state laws, regulations and general administrative rules. The differences between statutory financial statements and financial statements prepared in accordance with U.S. GAAP vary between domestic and foreign jurisdictions. The principal differences are that statutory financial statements do not reflect deferred policy acquisition costs and limit deferred income taxes, predominately use interest rate and mortality assumptions prescribed by the NAIC for life benefit reserves, generally carry bonds at amortized cost and present reinsurance assets and liabilities net of reinsurance. For reporting purposes, statutory capital and surplus is referred to collectively as "statutory capital".

Statutory net income and statutory capital are as follows:



	For the years ended December 31,
	2017		2016		2015
Combined statutory net income	$	369	$	349	$	371
Statutory capital	$	3,552	$	4,398	$	4,939

Statutory accounting practices do not consolidate the net income (loss) of subsidiaries that report under U.S. GAAP. The combined statutory net income above represents the total statutory net income of the Company, and its other insurance subsidiaries.

Regulatory Capital Requirements

The Company's U.S. insurance companies' states of domicile impose risk-based capital (“RBC”) requirements. The requirements provide a means of measuring the minimum amount of statutory capital appropriate for an insurance company to support its overall business operations based on its size and risk profile. Regulatory compliance is determined by a ratio of a company's total adjusted capital (“TAC”) to its authorized control level RBC (“ACL RBC”). Companies below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. The minimum level of TAC before corrective action commences (“Company Action Level”) is two times the ACL RBC. The adequacy of a company's capital is determined by the ratio of a company's TAC to its Company Action Level, known as the "RBC ratio". The Company and all of its operating insurance subsidiaries had RBC ratios in excess of the minimum levels required by the applicable insurance regulations. The RBC ratios for the Company and its principal life insurance operating subsidiaries were all in excess of 300% of their Company Action Levels as of December 31, 2017 and 2016. The reporting of RBC ratios is not intended for the purpose of ranking any insurance company, or for use in connection with any marketing, advertising or promotional activities.

Dividends

Dividends to the Company from its insurance subsidiaries are restricted by insurance regulation. The payment of dividends by Connecticut-domiciled insurers is limited under the insurance holding company laws of Connecticut. These laws require notice to and approval by the state insurance commissioner for the declaration or payment of any dividend, which, together with other dividends or distributions made within the preceding twelve months, exceeds the greater of (i) 10% of the insurer’s policyholder surplus as of December 31 of the preceding year or (ii) net income (or net gain from operations, if such company is a life insurance company) for the twelve-month period ending on the thirty-first day of December last preceding, in each case determined under statutory insurance accounting principles. In addition, if any dividend of a domiciled insurer exceeds the insurer’s earned surplus or certain other thresholds as calculated under applicable state insurance law, the dividend requires the prior approval of the domestic regulator. In addition to statutory limitations on paying dividends, the Company also takes other items into consideration when determining dividends from subsidiaries. These considerations include, but are not limited to, expected earnings and capitalization of the subsidiary, regulatory capital requirements and liquidity requirements of the individual operating company.

In 2017, HLIC paid dividends of $1.4 billion of which $800 was a return of capital used by The Hartford to help fund the HLA acquisition of the Aetna's U.S. group life and disability business. $550 of the $800 return of capital was funded through an extraordinary dividend from HLAI to the Company and approved by the CTDOI.

On December 4, 2017, The Hartford announced it had entered into a definitive agreement to sell the company's parent, Hartford Life Inc., to a group of investors led by Cornell capital LLC, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group, Pine Brook and J. Safara Group. Prior to the expected close in 2018, the Company anticipates paying an additional $300 in dividends to its parent, subject to approval by the CTDOI. The sale is anticipated to close by June 30, 2018, subject to regulatory approval and other closing conditions.

F- 58

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

13. Changes in and Reclassifications From Accumulated Other Comprehensive Income



Changes in AOCI, Net of Tax for the Year Ended December 31, 2017
	Changes in
	Net Unrealized Gain on Securities			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			AOCI, net of tax
Beginning balance	$	693		$	32		$	(3	)	$	722
OCI before reclassifications	428			(5		)	—			423
Amounts reclassified from AOCI	(99		)	(23		)	—			(122		)
OCI, net of tax	329			(28		)	—			301
Ending balance	$	1,022		$	4		$	(3	)	$	1,023



Changes in AOCI, Net of Tax for the Year Ended December 31, 2016
	Changes in
	Net Unrealized Gain on Securities			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			AOCI, net of tax
Beginning balance	$	539		$	57		$	(3	)	$	593
OCI before reclassifications	212			(9		)	—			203
Amounts reclassified from AOCI	(58		)	(16		)	—			(74		)
OCI, net of tax	154			(25		)	—			129
Ending balance	$	693		$	32		$	(3	)	$	722



Changes in AOCI, Net of Tax for the Year Ended December 31, 2015
	Changes in
	Net Unrealized Gain on Securities			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			AOCI, net of tax
Beginning balance	$	1,154		$	70		$	(3	)	$	1,221
OCI before reclassifications	(633		)	2			—			(631		)
Amounts reclassified from AOCI	18			(15		)	—			3
OCI, net of tax	(615		)	(13		)	—			(628		)
Ending balance	$	539		$	57		$	(3	)	$	593

F- 59

Table of Contents

HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

13. Changes In and Reclassifications From Accumulated Other Comprehensive Income (continued)



Reclassification from AOCI
	For the Year Ended December 31, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2015			Affected Line Item in the Consolidated Statement of Operations
Net Unrealized Gain on Securities
Available-for-sale securities	$	153		$	89		$	(27	)	Net realized capital losses
	153			89			(27		)	Income before income taxes
	54			31			(9		)	Income tax expense
	$	99		$	58		$	(18	)	Net (loss) income
Net Gains on Cash-Flow Hedging Instruments
Interest rate swaps	$	(1	)	$	1		$	(1	)	Net realized capital losses
Interest rate swaps	26			25			33			Net investment income
Foreign currency swaps	11			(2		)	(9		)	Net realized capital losses
	36			24			23			Income before income taxes
	13			8			8			Income tax expense
	$	23		$	16		$	15		Net (loss) income
Total amounts reclassified from AOCI	$	122		$	74		$	(3	)	Net (loss) income

14. Quarterly Results (Unaudited)



	Three months ended
	March 31,				June 30,				September 30,				December 31,
	2017		2016		2017		2016		2017		2016		2017			2016
Total revenues	$	527	$	487	$	595	$	622	$	533	$	702	$	577		$	571
Total benefits, losses and expenses	$	441	$	478	$	450	$	474	$	462	$	610	$	503		$	464
Net income	$	75	$	28	$	112	$	118	$	83	$	79	$	(316	)	$	57

F- 60

PART C

OTHER INFORMATION

ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS



(a)	All financial statements are included in Part A and Part B of the Registration Statement
(b)	(1)	Resolution of the Board of Directors of Hartford Life Insurance Company ("Hartford") authorizing the establishment of the Separate Account. (1)
	(2)	Not applicable.
	(3)	(a) Amended and Restated Principal Underwriter Agreement.(1)
	(3)	(b) Form of Dealer Agreement.(2)
	(4)	Form of Individual Flexible Premium Variable Annuity Contract.(3)
	(4)	(a) Guaranteed Minimum Withdrawal Benefit Plus Rider (Single Life) (4)
	(4)	(b) Guaranteed Minimum Accumulation Benefit Rider (4)
	(4)	(c) Guaranteed Minimum Accumulation Benefit Plus Rider (4)
	(4)	(d) Guaranteed Minimum Withdrawal Benefit Rider (Joint Life/ Spousal ) (4)
	(4)	(e) Guaranteed Minimum Withdrawal Benefit Plus Rider (Joint Life/Spousal) (4)
	(4)	(f) Guaranteed Minimum Withdrawal Benefit Rider (Single Life) (4)
	(4)	(g) Return Of Premium Death Benefit Rider Iii (4)
	(4)	(h) Maximum Anniversary Value Death Benefit Rider Iii (4)
	(4)	(i) Personal Pension Account Annuity Rider Endorsement (4)
	(5)	Form of Application.(3)
	(6)	(a) Articles of Incorporation of Talcott Resolution.
	(6)	(b) Amended and Restated Bylaws of Talcott Resolution.
	(7)	Form of Reinsurance Agreement.(1)
	(8)	Fund Participation Agreements and Amendments
		(a) AIM Variable Insurance Funds(5)
		(b) AllianceBernstein Variable Products Series Fund, Inc.(5)
		(c) American Century Variable Portfolios, Inc.(5)
		(d) BlackRock Variable Series Funds, Inc.(5)
		(e) Fidelity Variable Insurance Products Funds(5)
		(f) Franklin Templeton Variable Insurance Products Trust(5)
		(g) Hartford HLS Series Fund II, Inc.(5)
		Hartford Series Fund, Inc.(5)
		(h) Lord Abbett Series Fund, Inc.(5)
		(i) MFS Variable Insurance Trust(5)
		(j) PIMCO Equity Series VIT(5)
		(k) PIMCO Variable Insurance Trust(5)
		(l) Putnam Variable Trust(5)
		(m) Wells Fargo Variable Trust(5)
		(n) Guarantee Agreement, between Hartford Fire Insurance Company and Hartford Life and Accident Insurance Company and its wholly owned subsidiary, Hartford Life Insurance Company, dated as of January 1, 1990.(6)
		(o) Guarantee between Hartford Life Insurance Company and ITT Hartford International Life Reassurance Corporation, dated August 29, 1994 and effective as of May 1, 1993.(6)
		(p) Guarantee Agreement, between Hartford Life Insurance Company and ITT Comprehensive Employee Benefit Service Company, its wholly owned subsidiary, dated as of April 1, 1997.(6)
		(q) Guarantee Agreement, between Hartford Life Insurance Company and ITT Hartford Life and Annuity Insurance Company, dated as of May 23, 1997.(6)
		(r) Capital Maintenance Agreement by and between Hartford Life Insurance Company and Hartford Life, Inc. dated March 12, 2001.(6)
	(9)	Opinion and Consent of Lisa Proch, Assistant General Counsel
	(10)	Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm
	(11)	No financial statements are omitted
	(12)	Not applicable.
	(99)	Copy of Power of Attorney.


(1)	Incorporated by reference to Item 24(b)(1), Item 24(b)(3)(a), Item 24(b)(6)(a), and Item 24(b)(7), respectively, in Post-Effective Amendment No. 3 to the Registration Statement File No. 333-148564 filed on February 9, 2009.


(2)	Incorporated by reference to Item 24(b)(3)(b) in the Initial Filing to the Registration Statement File No. 333-148564 dated January 9, 2008.


(3)	Incorporated by reference to Item 24(b)(4) and Item 24(b)(5), respectively, in Post-Effective Amendment No. 10 to the Registration Statement File No. 333-136547, filed on August 14, 2009.


(4)	Incorporated by reference to Items 24(b)(4)(a-i), respectively, in Post-Effective Amendment No. 3, to the Registration Statement File No. 333-168986, filed on April 15, 2011.


(5)	Incorporated by reference to Items 24(b)(8)(a-m), respectively, in Post-Effective Amendment No. 2, to the Registration Statement on Form N-4, File No. 333-168990, filed on April 23, 2012.


(6)	Incorporated by reference to Item 24(b)(8)(n-r), respectively, in Post-Effective Amendment No. 10, to the Registration Statement on Form N-4, File No. 333-148564, filed on May 3, 2010.

ITEM 25 DIRECTORS AND OFFICERS OF THE DEPOSITOR



NAME	POSITION
Ellen T. Below	Vice President and Chief Communications Officer
Jeremy Billiel	Assistant Vice President and Treasurer
John B. Brady	Vice President and Chief Actuary
Richard J Carbone (1)	Director
Christopher S. Conner	Assistant Vice President, Chief Compliance Officer of Separate Accounts, AML Compliance Officer and Sanctions Compliance Officer
Henry Cornell (2)	Director
Robert A. Cornell	Vice President and Actuary
Christopher Cramer	Vice President and Director of Tax
Christopher J. Dagnault (3)	Vice President
Gilles M. Dellaert (4)	Director
George Eknaian	Senior Vice President and Chief Risk Officer
Oliver M. Goldstein (5)	Director
Michael R. Hazel	Vice President and Controller
Donna R. Jarvis	Vice President and Actuary
Brion S. Johnson (6)	Director
Diane Krajewski	Vice President and Chief Human Resources Officer
Craig D. Morrow	Vice President and Appointed Actuary
Emily R. Pollack (2)	Director
Matthew J. Poznar	Senior Vice President and Chief Investment Officer
Lisa M. Proch	Senior Vice President, General Counsel and Chief Compliance Officer
Michael S. Rubinoff (7)	Director
Peter F. Sannizzaro	President and Chief Operating Officer
David I. Schamis (8)	Director
Robert Siracusa	Vice President and Chief Financial Officer
Leslie T. Soler	Assistant Vice President and Corporate Secretary
Samir Srivastava	Vice President and Chief Technology Officer
Robert Stein (9)	Director
Heath L. Watkin (10)	Director

Unless otherwise indicated, the principal business address of each of the above individuals is 1 Griffin Road North, Windsor, CT 06095.


(1)	Address: 469 Edinboro Rd., Staten Island, NY 10306


(2)	Address: Cornell Capital LLP, 499 Park Ave., 21st Floor, New York, NY 10022


(3)	Address: 500 Bielenberg Drive, Woodbury, MN 55125


(4)	Address: Global Atlantic Financial Group, 4 World Trade Center, 150 Greenwich St., 51st Floor, New York, NY 10007


(5)	Address: Pine Brook, One Grand Central Place, 60 East 42nd St., 50th Floor, New York, NY 10165


(6)	Address: The Hartford, 690 Asylum Ave., Hartford, CT 06155


(7)	Address: Safra, 546 5th Ave., 3rd Floor, New York., NY 10036


(8)	Address: Atlas Merchant Capital, 375 Park Ave., 21st Floor, New York, NY 10152


(9)	Address: 39 West 94th St., New York, NY 10025


(10)	Address: TRB Advisors LP, 767 Fifth Ave., 12th Floor, New York, NY 10153

ITEM 26. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE DEPOSITOR OR REGISTRANT.

Filed herein as Exhibit 99.26.

ITEM 27. NUMBER OF CONTRACT OWNERS

As of April 30, 2018, there were 22,758 owners of qualified contracts and 18,605 owners of non-qualified contracts.

ITEM 28. INDEMNIFICATION

Section 33-776 of the Connecticut General Statutes states that: "a corporation may provide indemnification of, or advance expenses to, a director, officer, employee

or agent only as permitted by sections 33-770 to 33-779, inclusive."

Provision is made that the Corporation, to the fullest extent permissible by applicable law as then in effect, shall indemnify any individual who is a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, arbitrative or investigative, and whether formal or informal (each, a "Proceeding") because such individual is or was (i) a Director, or (ii) an officer or employee of the Corporation (for purposes of the by laws, each an "Officer"), against obligations to pay judgments, settlements, penalties, fines or reasonable expenses (including counsel fees) incurred in a Proceeding if such Director or Officer: (l)(A) conducted him or herself in good faith; (B) reasonably believed (i) in the case of conduct in such person's official capacity, which shall include service at the request of the Corporation as a director, officer or fiduciary of a Covered Entity (as defined below), that his or her conduct was in the best interests of the Corporation; and (ii) in all other cases, that his or her conduct was at least not opposed to the best interests of the Corporation; and (C) in the case of any criminal proceeding, such person had no reasonable cause to believe his or her conduct was unlawful; or (2) engaged in conduct for which broader indemnification has been made permissible or obligatory under a provision of the Corporation's Certificate, in each case, as determined in accordance with the procedures set forth in the by laws. For purposes of the by laws, a "Covered Entity" shall mean another corporation, partnership, joint venture, trust or other enterprise (including, without limitation, any employee benefit plan) in respect of which such person is serving at the request of the Corporation as a director, officer or fiduciary.

Insofar as indemnification for liability arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

ITEM 29. PRINCIPAL UNDERWRITERS

(a) TDC acts as principal underwriter for the following investment companies:

Talcott Resolution Life Insurance Company - Separate Account Two

Talcott Resolution Life Insurance Company - Separate Account Two (DC Variable Account I)

Talcott Resolution Life Insurance Company - Separate Account Two (DC Variable Account II)

Talcott Resolution Life Insurance Company - Separate Account Two (QP Variable Account)

Talcott Resolution Life Insurance Company - Separate Account Two (Variable Account "A")

Talcott Resolution Life Insurance Company - Separate Account Two (NQ Variable Account)

Talcott Resolution Life Insurance Company - Separate Account Ten

Talcott Resolution Life Insurance Company - Separate Account Three

Talcott Resolution Life Insurance Company - Separate Account Five

Talcott Resolution Life Insurance Company - Separate Account Seven

Talcott Resolution Life Insurance Company - Separate Account Eleven

Talcott Resolution Life Insurance Company - Separate Account Twelve

Talcott Resolution Life Insurance Company - Separate Account VL I

Talcott Resolution Life Insurance Company - Separate Account VL II

Talcott Resolution Life and Annuity Insurance Company - Separate Account One

Talcott Resolution Life and Annuity Insurance Company - Separate Account Ten

Talcott Resolution Life and Annuity Insurance Company - Separate Account Three

Talcott Resolution Life and Annuity Insurance Company - Separate Account Five

Talcott Resolution Life and Annuity Insurance Company - Separate Account Six

Talcott Resolution Life and Annuity Insurance Company - Separate Account Seven

Talcott Resolution Life and Annuity Insurance Company - Separate Account VLI

Talcott Resolution Life and Annuity Insurance Company - Separate Account VLII

American Maturity Life Insurance Company - Separate Account AMLVA

American Maturity Life Insurance Company - Separate Account One

Nutmeg Life Insurance Company - Separate Account One

ICMG Registered Variable Life Separate Account A

ICMG Registered Variable Life Separate Account One

Union Security Insurance Company - Variable Account C

Union Security Insurance Company - Variable Account D

Union Security Life Insurance Company - Separate Account A

(b) Directors and Officers of TDC



Name	Positions and Offices with Underwriter
Christopher S. Conner	Chief Compliance Officer, Privacy Officer, Secretary
Christopher J. Dagnault (1)	Chief Executive Officer and President, Director
Diane Krajewski	Chairman of the Board, Director
James Anthony Maciolek	FINOP, Chief Financial Officer and Controller
Robert R. Siracusa	Director

Unless otherwise indicated, the principal business address of each of the above individuals is 1 Griffin Road North, Windsor, CT 06095.

(1) Address: 500 Bielenberg Drive. Woodbury, MN 55125.

ITEM 30. LOCATION OF ACCOUNTS AND RECORDS

All of the accounts, books, records or other documents required to be kept by Section 31(a) of the Investment Company Act of 1940 and rules thereunder are maintained by Talcott Resolution at 1 Griffin Road North, Windsor, CT 06095.

ITEM 31. MANAGEMENT SERVICES

All management contracts are discussed in Part A and Part B of this Registration Statement.

ITEM 32. UNDERTAKINGS


(a)	The Registrant hereby undertakes to file a post-effective amendment to this Registration Statement as frequently as is necessary to ensure that the audited financial statements in the Registration Statement are never more than 16 months old so long as payments under the variable annuity Contracts may be accepted.


(b)	The Registrant hereby undertakes to include either (1) as part of any application to purchase a Contract offered by the Prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a post card or similar written communication affixed to or included in the Prospectus that the applicant can remove to send for a Statement of Additional Information.


(c)	The Registrant hereby undertakes to deliver any Statement of Additional Information and any financial statements required to be made available under this Form promptly upon written or oral request.


(d)	Talcott Resolution hereby represents that the aggregate fees and charges under the Contract are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by us.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf, in the Town of Windsor, and State of Connecticut on June 28, 2018.

Talcott Resolution Life Insurance Company

Separate Account Seven (Registrant)



By:	Peter F. Sannizzaro*	*By:	/s/ Lisa Proch
	Peter F. Sannizzaro		Lisa Proch
	President		Attorney-in-Fact

Talcott Resolution Life Insurance Company

(Depositor)



By:	Peter F. Sannizzaro*
	Peter F. Sannizzaro
	President

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons and in the capacities and on the dates indicated.



Peter F. Sannizaro, President
Robert R. Siracusa, Chief Financial Officer
Robert J. Carbone, Director*	*By:	/s/ Lisa Proch
Henry Cornell, Director*		Lisa Proch
Gilles M. Dellaert, Director*		Attorney-in-Fact
Oliver M. Goldstein, Director*	Date:	June 28, 2018
Brion S. Johnson, Director*
Emily R. Pollack, Director*
Michael S. Rubinoff, Director*
David I. Schamis, Director*
Robert W. Stein, Director*
Heath L. Watkin, Director*

333-168990



	EXHIBIT INDEX
(6)(a)	Articles of Incorporation of Talcott Resolution.
(6)(b)	Amended and Restated Bylaws of Talcott Resolution.
(9)	Opinion and Consent of Lisa Proch, Assistant General Counsel
(10)	Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm
(26)	Organizational Chart
(99)	Power of Attorney