Pricing Supplement No. 48 dated Filed pursuant to Rule 424(b)(5)
February 22, 2005. File No. 333-112244
(To Prospectus dated 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 2005-027
4.00% NOTES DUE AUGUST 15, 2011
The description in this pricing supplement of the particular terms of the 4.00%
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: $895, 000.00 Interest Rate: 4.00%
Price to Public: 100% Issuance Date: February 25, 2005
Net Proceeds to Trust: $884,260.00 Stated Maturity Date: August 15, 2011
Agent's Discount: 1.20% Initial Interest Payment Date: March 15, 2005
CUSIP Number: 41659FBU7 Interest Payment Frequency: Monthly
Day Count Convention: 30/360 Regular Record Dates: 15 days prior to an Interest Payment Date.
Optional Redemption: Yes [ ] No [ X ] The Survivor's Option [ X ] is [ ] is not available
Optional Redemption Date: N/A Annual Put Limitation: $1 million or 1%
Individual Put Limitation: $250,000
Initial Redemption Percentage: N/A Trust Put Limitation: N/A
Annual Percentage Reduction: N/A
Authorized Denominations: $1,000 integral amounts.
Redemption may be: [ ] In whole only.
[ ] 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., Banc of America
Securities LLC, Charles Schwab & Co., Inc., Citigroup, HSBC, JPMorgan, Merrill
Lynch & Co., Morgan Stanley, Raymond James, RBC Dain Rauscher, Inc., Scott &
Stringfellow, Inc., UBS Financial Services, Inc., Wachovia Securities, WM
Financial Services
INFORMATION RELATING TO THE FUNDING AGREEMENT
Funding Agreement Provider: Hartford Life Insurance Company
Funding Agreement: FA-405027 Interest Rate: 4.00%
Contract Payment: $895,015.00 Effective Date: February 25, 2005
Deposit Amount : $884,275.00 Stated Maturity Date: August 15, 2011
(if different from Contract Payment)
Day Count Convention: 30/360 Initial Interest Payment Date: March 15, 2005
Special Tax Considerations: None. Interest Payment Frequency: Monthly
Optional Redemption: Yes [ ] No [ X ] Survivor Option: Under the Funding Agreement, Hartford Life
Optional Redemption Date: N/A Insurance Company [ X ] is [ ] is not required
to provide the Trust with amounts it needs to
Initial Redemption Percentage: N/A honor valid exercises of the Survivor's Option.
Annual Percentage Reduction: N/A
Redemption may be: [ ] 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 February 25, 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.