Pricing Supplement No. 47 dated Filed pursuant to Rule 424(b)(5)
February 18, 2005. 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 2005-026
5.385% NOTES DUE MARCH 15, 2017
The description in this pricing supplement of the particular terms of the 5.385%
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: $50,000,000 Type of Interest Rate: [X] Fixed [_] Floating
Price to Public: 100 % If Fixed Rate Notes: Interest Rate: 5.385%
Net Proceeds to Trust: $49,875,000 If Floating Rate Notes: Initial Interest Rate:
Base Rate: [_] CD Rate [_] Commercial Paper Rate
CUSIP Number: 41659EAE7 [_] CMT Rate [_] Federal Funds Rate
[_] LIBOR [_] Treasury Rate
Agent's Discount: 0.25% [_] Prime Rate [_] Other (See Attached)
If LIBOR: [_] LIBOR Reuters Page
Issuance Date: FEBRUARY 28, 2005 [_] LIBOR Telerate Page
Designated LIBOR Currency
Stated Maturity Date: MARCH 15, 2017 If CMT Rate, Telerate Page: [_] 7051 [_] 7052
If 7052: [_] Weekly Average [_] Monthly
Initial Interest Payment Date: SEPTEMBER 15, 2005 Average
Designated CMT Maturity Index:
Interest Reset Dates:
Interest Payment Frequency: SEMI-ANNUALLY Initial Interest Reset Date:
Index Maturity:
Specified Currency: U.S. DOLLARS Interest Rate Determination Dates:
Regular Record Dates: 15 DAYS PRIOR TO AN Spread: Spread Multiplier:
INTEREST PAYMENT DATE. Maximum Interest Rate:
Minimum Interest Rate:
Floating Rate/Fixed Rate Note: [_] Yes [_] No. If yes:
Day Count Convention: 30/360 Fixed Rate:
Fixed Rate Commencement Date:
Computation of Interest: AS SPECIFIED IN THE Inverse Floating Rate Note: [_] Yes [_] No. If yes,
PROSPECTUS SUPPLEMENT. Fixed Interest Rate:
1
Authorized Denominations: $1,000 Sinking Fund: NONE.
Optional Redemption: Yes [X] No [_] Calculation Agent: JPMORGAN CHASE BANK, N.A.
Optional Redemption Date: MARCH 15, 2007 AND EACH
INTEREST PAYMENT DATE Exchange Rate Agent: N/A
THEREAFTER.
Initial Redemption Percentage: 100% Securities Exchange Listing: NONE.
Annual Percentage Reduction: N/A
Redemption may be: [_] In whole only. Additional Amounts to be Paid: [_] Yes [X] No
[X] In whole or in part.
Discount Note: [ ] Yes [X] No If Yes:
Total Amount of Discount: N/A
Optional Repayment: [_] Yes [X] No Yield to Maturity:
Optional Repayment Dates: N/A
Amortizing Note: [_] Yes (See attached) [X] No Other Provisions Relating to the Notes: NONE.
Agents: CITIGROUP GLOBAL MARKETS, INC.
Special Tax Considerations: NONE.
INFORMATION RELATING TO THE FUNDING AGREEMENT
Funding Agreement Provider: HARTFORD LIFE INSURANCE Type of Interest Rate: [X] Fixed [_] Floating
COMPANY
If Fixed Rate Funding Agreement: Interest Rate: 5.385%
Funding Agreement: FA-405026
If Floating Rate Funding Agreement Initial Interest Rate:
Contract Payment: $50,000,015
Deposit Amount: $49,875,015 Base Rate: [_] CD Rate [_] Commercial Paper Rate
(if different from Contract Payment [_] CMT Rate [_] Federal Funds Rate
[_] LIBOR [_] Treasury Rate
[_] Prime Rate [_] Other (See Attached)
If LIBOR: [_] LIBOR Reuters Page
Effective Date: FEBRUARY 28, 2005 [_] LIBOR Telerate Page
Designated LIBOR Currency:
Stated Maturity Date: MARCH 15, 2017 If CMT Rate, Telerate Page: [_] 7051 [_] 7052
If 7052: [_] Weekly Average [_] Monthly Average
Initial Interest Payment Date: SEPTEMBER 15, 2005 Designated CMT Maturity Index:
Interest Reset Frequency:
Interest Payment Frequency: SEMI-ANNUALLY. Initial Interest Reset Date:
Index Maturity:
Specified Currency: U.S. DOLLARS Interest Rate Determination Date:
Day Count Convention: 30/360 Spread: Spread Multiplier
Maximum Interest Rate:
Minimum Interest Rate:
Floating Rate/Fixed Rate Funding Agreement: [_] Yes [_] No
Computation of Interest: AS SPECIFIED IN THE PROSPECTUS If yes: Fixed Rate:
SUPPLEMENT. Fixed Rate Commencement Date:
2
Inverse Floating Rate Funding Agreement: [_] Yes [_] No
Optional Redemption: Yes [X] No [_] If yes: Fixed Interest Rate:
Optional Redemption Date: MARCH 15, 2007 AND EACH Amortizing Funding Agreement: [_] Yes (See attached)
INTEREST PAYMENT DATE [X] No
THEREAFTER.
Initial Redemption Percentage: 100% Discount Funding Agreement: [_] Yes [X] No. If yes:
Annual Percentage Reduction: N/A Total Amount of Discount: N/A
Redemption may be: [_] In whole only. Yield to Maturity: N/A
[X] In whole or in part.
Additional Amounts to be Paid: [_] Yes [X] No
Optional Repayment: [_] Yes [X] No
Optional Repayment Dates: N/A Special Tax Considerations: NONE.
Other Provisions Relating to the Funding Agreement: NONE.
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 March 15, 2005, 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.