Filed pursuant to Rule 424(b)(5) File No. 333-123441 Pricing Supplement No. 28 dated July 18, 2005. (To Prospectus dated April 15, 2005 and Prospectus Supplement dated May 5, 2005) This Pricing Supplement consists of 2 pages. Hartford Life Insurance Company Depositor Fixed Rate IncomeNotes(sm) Issued through Hartford Life Global Funding Trust 2005-088 5.20% Callable Notes due July 15, 2020 The description in this pricing supplement of the particular terms of the 5.20% 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: $946,000.00 Interest Rate: 5.20% Price to Public: 100% Issuance Date: July 21, 2005 Net Proceeds to Trust: $927,080.00 Stated Maturity Date: July 15, 2020 Agent's Discount: 2.00% Initial Interest Payment Date: January 15, 2006 CUSIP Number: 41659FEH3 Interest Payment Frequency: Semi-Annually Day Count Convention: 30/360 Regular Record Dates: 15 days prior to any Interest Payment Date. Optional Redemption: Yes [X] No [ ] The Survivor's Option [X] is [ ] is not Optional Redemption Date: July 15, 2008 available or any Interest Payment Date thereafter. Annual Put Limitation: $1 million or 1% Initial Redemption Percentage: 100% Individual Put Limitation: $250,000 Annual Percentage Reduction: N/A Trust Put Limitation: N/A Redemption may be: [X] In whole only. [ ] In whole or in part. Authorized Denominations: $1,000 integral amounts. Securities Exchange Listing: None. Special Tax Considerations: None. Other Provisions Relating to the Notes: None. 1 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-405088 Interest Rate: 5.20% Contract Payment: $946,015.00 Effective Date: July 21, 2005 Deposit Amount : $927,095.00 Stated Maturity Date: July 15, 2020 (if different from Contract Payment) Day Count Convention: 30/360 Initial Interest Payment Date: January 15, 2006 Special Tax Considerations: None. Interest Payment Frequency: Semi-Annually Optional Redemption: Yes [X] No [ ] Survivor Option: Under the Funding Optional Redemption Date: July 15, 2008 or any Agreement, Hartford Life Insurance Interest Payment Date thereafter. Company [X] is [ ] is not required to Initial Redemption Percentage: 100% provide the Trust with amounts it needs to 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 [ ] In whole or in part. 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 Richard J. Wirth, Assistant Vice President & Senior Counsel. INFORMATION PERTAINING TO THE RATINGS OF THE NOTES AND THE FUNDING AGREEMENT It is anticipated that, as of July 21, 2005, the Notes will be rated by the indicated rating agencies as follows: Standard & Poor's: AA- Moody's: Aa3 A.M. Best: aa- Fitch: AA The Moody's rating also extends to the Program under which the Notes are issued. It is anticipated that, as of July 21, 2005, the Funding Agreement will be rated by the indicated rating agencies as follows: Standard & Poor's: AA- Moody's: Aa3 A.M. Best: aa- Fitch: AA 2