Pricing Supplement No. 007 dated Filed pursuant to Rule 424(b)(2)
October 12, 2004. (To Prospectus dated File No. 333-112244
September 7, 2004 and Prospectus
Supplement dated September 7, 2004)
This Pricing Supplement consists of
2 pages.
HARTFORD LIFE INSURANCE COMPANY
DEPOSITOR
FIXED RATE INCOMENOTES(sm)
ISSUED THROUGH
HARTFORD LIFE GLOBAL FUNDING TRUST 2004-007
5.40% CALLABLE NOTES DUE OCTOBER 15, 2019
The description in this pricing supplement of the particular terms of the 5.40%
IncomeNotes(sm) 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: $2,959,000.00 Interest Rate: 5.40%
Price to Public: 100% Issuance Date: October 15, 2004
Net Proceeds to Trust: $2,899,820.00 Stated Maturity Date: October 15, 2019
Agent's Discount: 2.00% Initial Interest Payment Date: April 15, 2005
CUSIP Number: 41659FAF1 Interest Payment Frequency: Semi-annually
Day Count Convention: 30/360 Regular Record Dates: 15 days prior to an Interest Payment Date.
Optional Redemption: Yes [X] No [ ] The Survivor's Option [X] is [ ] is not available
Optional Redemption Date: October 15, 2007 and Annual Put Limitation: $1 million or 1%
each Interest Payment Date thereafter. Individual Put Limitation: $250,000
Trust Put Limitation: N/A
Initial Redemption Percentage: 100% Annual Percentage Reduction: N/A
Redemption may be: [X] In whole only. Authorized Denominations: $1,000 integral amounts.
[ ] In whole or in part.
Securities Exchange Listing: None.
Special Tax Considerations: None. Other Provisions Relating to the Notes: None.
Agents : Bear, Stearns & Co. Inc., A.G. Edwards & Sons, Inc., Citigroup, HSBC,
JPMorgan, Merrill Lynch & Co., Morgan Stanley, Scott & Stringfellow, Inc., UBS
Financial Services, Inc., Wachovia Securities
INFORMATION RELATING TO THE FUNDING AGREEMENT
Funding Agreement Provider: Hartford Life Insurance Company
Funding Agreement: FA-404007 Interest Rate: 5.40%
Contract Payment: $2,959,015.00 Effective Date: October 15, 2004
Deposit Amount : $2,899,835.00 Stated Maturity Date: October 15, 2019
(if different from Contract Payment)
Day Count Convention: 30/360 Initial Interest Payment Date: April 15, 2005
Special Tax Considerations: None. Interest Payment Frequency: Semi-annually
Optional Redemption: Yes [X] No [ ] Survivor Option: Under the Funding Agreement, Hartford Life
Optional Redemption Date: October 15, 2007 and Insurance Company [X] is [ ] is not required
each Interest Payment Date thereafter. to provide the Trust with amounts it needs to
honor valid exercises of the Survivor's Option.
Initial Redemption Percentage: 100% Annual Percentage Reduction: N/A
Redemption may be: [X] In whole only. Other Provisions Relating to the Funding Agreement: None.
[ ] In whole or in part.
Note: The Opinion regarding the enforceability of the Funding Agreement and the
related Consent of Counsel for Hartford Life Insurance Company is
given by Jonathan Mercier, Counsel.
INFORMATION PERTAINING TO THE RATINGS OF THE NOTES AND THE FUNDING AGREEMENT
It is anticipated that, as of October 15, 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.