Pricing Supplement No. 3 dated Filed pursuant to Rule 424(b)(2)
September 20, 2004. File No. 333-112244
(To Prospectus dated September 7, 2004 and Prospectus
Supplement dated September 7, 2004)
This Pricing Supplement consists of 3 pages.
HARTFORD LIFE INSURANCE COMPANY
DEPOSITOR
SECURED MEDIUM-TERM NOTES
ISSUED THROUGH
HARTFORD LIFE GLOBAL FUNDING TRUST 2004-003
FLOATING RATE NOTES DUE SEPTEMBER 15, 2009
The description in this pricing supplement of the particular terms of the
Secured Medium-Term Notes offered hereby and the Funding Agreement sold by
Hartford Life Insurance Company to the Trust specified herein supplements the
description of the general terms and provisions of the notes and the funding
agreements set forth in the accompanying prospectus and prospectus supplement,
to which reference is hereby made.
PROVISIONS RELATING TO THE NOTES
Principal Amount: $300,000,000 Type of Interest Rate: [ ] Fixed [X] Floating
Price to Public: 100% If Fixed Rate Notes: Interest Rate:
Net Proceeds to Trust: $298,950,000 If Floating Rate Notes: Initial Interest Rate: CALCULATED
USING BASE RATE ON 9/22/04.
CUSIP Number: 41659EAA5 Base Rate: [ ] CD Rate [ ] Commercial Paper Rate
[ ] CMT Rate [ ] Federal Funds Rate
Agent's Discount: 0.35% [X] LIBOR [ ] Treasury Rate
[ ] Prime Rate [ ] Other (See Attached)
If LIBOR: [ ] LIBOR Reuters Page
Issuance Date: SEPTEMBER 24, 2004 [X] LIBOR Telerate Page 3750
Designated LIBOR Currency: U.S. DOLLARS
Stated Maturity Date: SEPTEMBER 15, 2009 If CMT Rate, Telerate Page: [ ] 7051 [ ] 7052
If 7052: [ ] Weekly Average [ ] Monthly Average
Initial Interest Payment Date: DECEMBER 15, 2004 Designated CMT Maturity Index:
Interest Reset Dates: QUARTERLY
Interest Payment Frequency: QUARTERLY Initial Interest Reset Date: DECEMBER 15, 2004
Index Maturity: THREE MONTHS
Specified Currency: U.S. DOLLARS Interest Rate Determination Dates: AS SPECIFIED IN THE
PROSPECTUS SUPPLEMENT FOR THE INDICATED BASE RATE.
Regular Record Dates: 15 DAYS PRIOR TO AN INTEREST Spread: 17 BASIS POINTS. Spread Multiplier: N/A
PAYMENT DATE. Maximum Interest Rate: NONE.
Minimum Interest Rate: NONE.
Day Count Convention: ACTUAL/360 Floating Rate/Fixed Rate Note: [ ] Yes [X] No. If yes:
Fixed Rate: N/A
Fixed Rate Commencement Date: N/A
Computation of Interest: AS SPECIFIED IN THE Inverse Floating Rate Note [ ] Yes [X] No. If yes,
PROSPECTUS SUPPLEMENT FOR Fixed Interest Rate: N/A
THE INDICATED BASE RATE.
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Authorized Denominations: $1,000 Sinking Fund: NONE.
Optional Redemption: Yes [ ] No [X] Calculation Agent: JPMORGAN CHASE BANK
Optional Redemption Date: N/A
Exchange Rate Agent: N/A
Initial Redemption Percentage: N/A
Annual Percentage Reduction: N/A Securities Exchange Listing: NONE.
Redemption may be: [ ] In whole only.
[ ] In whole or in part. Additional Amounts to be Paid: [ ] Yes [X] No
Optional Repayment: [ ] Yes [X] No Special Tax Considerations: NONE.
Optional Repayment Dates: N/A
Other Provisions Relating to the Notes: NONE.
Amortizing Note: [ ] Yes (See attached) [X] No
Agents: BEAR, STEARNS & CO. INC.
Discount Note: [ ] Yes [X] No If Yes:
Total Amount of Discount: N/A
Yield to Maturity: N/A
INFORMATION RELATING TO THE FUNDING AGREEMENT
Funding Agreement Provider: HARTFORD LIFE INSURANCE Type of Interest Rate: [ ] Fixed [X] Floating
COMPANY
If Fixed Rate Funding Agreement: Interest Rate:
Funding Agreement: FA-404003
If Floating Rate Funding Agreement: Initial Interest Rate:
Contract Payment: $300,000,015 CALCULATED USING BASE RATE ON 9/22/04.
Base Rate: [ ] CD Rate [ ] Commercial Paper Rate
Deposit Amount: $298,950,015 [ ] CMT Rate [ ] Federal Funds Rate
(if different from Contract [X] LIBOR [ ] Treasury Rate
Payment [ ] Prime Rate [ ] Other (See Attached)
If LIBOR: [ ] LIBOR Reuters Page
Effective Date: SEPTEMBER 24, 2004 [X] LIBOR Telerate Page 3750
Designated LIBOR Currency: U.S. DOLLARS
Stated Maturity Date: SEPTEMBER 15, 2009 If CMT Rate, Telerate Page: [ ] 7051 [ ] 7052
If 7052: [ ] Weekly Average [ ] Monthly Average
Initial Interest Payment Date: DECEMBER 15, 2004 Designated CMT Maturity Index:
Interest Reset Frequency: QUARTERLY.
Interest Payment Frequency: QUARTERLY Initial Interest Reset Date: DECEMBER 15, 2004
Index Maturity: THREE MONTHS
Specified Currency: U.S. DOLLARS Interest Rate Determination Date: AS SPECIFIED IN THE
PROSPECTUS SUPPLEMENT FOR THE INDICATED BASE RATE.
Day Count Convention: ACTUAL/360 Spread: 17 BASIS POINTS. Spread Multiplier: N/A
Maximum Interest Rate: NONE.
Minimum Interest Rate: NONE.
Floating Rate/Fixed Rate Funding Agreement: [ ] Yes [X] No
Computation of Interest: AS SPECIFIED IN THE If yes: Fixed Rate: N/A
PROSPECTUS SUPPLEMENT FOR Fixed Rate Commencement Date: N/A
THE INDICATED BASE RATE.
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Inverse Floating Rate Funding Agreement: [ ] Yes [X] No
If yes: Fixed Interest Rate: N/A
Optional Redemption: Yes [ ] No [X] Amortizing Funding Agreement: [ ] Yes (See attached)
Optional Redemption Date: N/A [X] No
Initial Redemption Percentage: N/A
Annual Percentage Reduction: N/A Discount Funding Agreement: [ ] Yes [X] No. If yes:
Redemption may be: [ ] In whole only. Total Amount of Discount: N/A
[ ] In whole or in part. Yield to Maturity: N/A
Optional Repayment: [ ] Yes [X] No Additional Amounts to be Paid: [ ] Yes [X] No
Optional Repayment Dates: N/A
Special Tax Considerations: NONE.
Other Provisions Relating to the Funding Agreement: NONE.
INFORMATION PERTAINING TO THE RATINGS OF
THE NOTES AND THE FUNDING AGREEMENT
It is anticipated that, as of September 24, 2004, both the Notes and the Funding
Agreement will be rated by the indicated rating agencies as follows:
Standard & Poor's: AA- Moody's: AA3
The Moody's rating also extends to the Program under which the Notes are issued.
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