Pricing Supplement No. 56 dated Filed pursuant to Rule 424(b)(5)
March 7, 2005. (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 2005-035
5.00% CALLABLE NOTES DUE SEPTEMBER 15, 2013
The description in this pricing supplement of the particular terms of the 5.00%
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: $12,148,000.00 Interest Rate: 5.00%
Price to Public: 100% Issuance Date: March 10, 2005
Net Proceeds to Trust: $11,971,854.00 Stated Maturity Date: September 15, 2013
Agent's Discount: 1.45% Initial Interest Payment Date: September 15, 2005
CUSIP Number: 41659FCB8 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: March 15, 2007 or any Annual Put Limitation: $1 million or 1%
Interest Payment Date thereafter. Individual Put Limitation: $250,000
Initial Redemption Percentage: 100% Trust Put Limitation: N/A
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., 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-405035 Interest Rate: 5.00%
Contract Payment: $12,148,015.00 Effective Date: March 10, 2005
Deposit Amount: $11,971,869.00 Stated Maturity Date: September 15, 2013
(if different from Contract Payment)
Day Count Convention: 30/360 Initial Interest Payment Date: September 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: March 15, 2007 or any Insurance Company [X] is [ ] is not required
Interest Payment Date thereafter. to provide the Trust with amounts it needs to
Initial Redemption Percentage: 100% honor valid exercises of the Survivor's Option.
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 March 10, 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.