Exhibit 5.2
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THE HARTFORD
September 14, 2006
To: Board of Directors of Hartford Life Insurance Company
RE: Enforceability of Funding Agreements Issued to Certain Trusts
Ladies and Gentlemen:
I am an attorney with Hartford Life Insurance Company ("Hartford Life"), a
Connecticut life insurance corporation.
I am furnishing this opinion in connection with the issuance by Hartford Life of
the funding agreements listed below (each a "Contract") to the trusts (each a
"Trust") listed below on or about the date of this letter:
CONTRACT CONTRACTHOLDER
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Funding Agreement FA-406095 Hartford Life Global Funding Trust 2006-095
Funding Agreement FA-406096 Hartford Life Global Funding Trust 2006-096
In each instance the Trust was established pursuant to the Hartford Life Global
Funding note issuance program (the "Program") described in that certain
registration statement on Form S-3 (SEC File No. 333-130089), as amended, with
an effective date of March 31, 2006 (the "Registration Statement") under the
Securities Act of 1933, as amended (the "Act"). The Registration Statement
describes (i) the registration and public offering of up to $4,000,000,000, in
the aggregate principal amount of notes (the "Notes") to be issued by a series
of trusts and (ii) the registration of up to $4,000,000,000, or the equivalent
amount in one or more foreign or composite currencies, aggregate principal
amount of Hartford Life's funding agreements (each, a "Contract") to be sold to
the trusts described below in connection with the issuance and sale of the
Notes.
Each of the Trusts is intended to be a trust described in the prospectus dated
April 12, 2006 (including the prospectus supplement relating to IncomeNotes(sm)
dated April 12, 2006), and included in the Registration Statement (together, the
"Prospectus"). Once duly formed, each Trust is authorized to issue no more than
a single series of Notes and to take certain other actions necessary or
appropriate to such issuance. The proceeds from the sale of each series of Notes
are to be used by each Trust to purchase separately from Hartford Life a funding
agreement, such as the Contracts listed above. As described in the Prospectus,
the Notes issued by each Trust are to be secured by the assignment to an
indenture trustee of its Contract and all proceeds from its Contract.
In connection with the foregoing, I, or persons under my supervision, have
examined an original or copies certified to my satisfaction as being a true copy
of the certificate of incorporation and/or direction, bylaws of Hartford Life,
and have reviewed such other corporate records, instruments and other documents
as deemed necessary or appropriate in order to render the opinions set forth
herein. I, or persons under my supervision or direction, have also reviewed, in
unexecuted form, each of the Contracts.
In the examination of various documents, instruments and records, including
without limitation any referred to in this opinion letter, and in connection
with the opinions herein expressed, I have assumed the competency of all
individual signatories, the genuineness of all signatures, submitted as
certified, photostatic or electronic copies, and the authenticity of the
originals of such latter documents.
Page 2
September 14, 2006
Based upon and subject to the foregoing, I am of the opinion that, as of the
date of this letter:
(a) Hartford Life is a Connecticut domiciled insurance company duly
organized, validly existing and in good standing under the laws
of Connecticut as a corporation formed for the purposes of
conducting the business of a life insurance company. Hartford
Life has the necessary corporate authority to enter into each of
the Contracts and to perform its respective obligations
thereunder.
(b) Hartford Life has obtained licenses from the states of
Connecticut and Delaware, which authorize Hartford Life to
conduct life insurance business and to issue insurance contracts
(including each of the Contracts) in those states. Hartford Life
has all necessary authority to execute and to issue such
Contracts under applicable Connecticut and Delaware insurance
laws and regulations and orders and interpretations of the
Connecticut Insurance Department and the Delaware Insurance
Department.
(c) The issuance of each of the Contracts has been approved by all
necessary corporate action on the part of Hartford Life; and
each Contract constitutes the legal, valid and binding
obligation of Hartford Life, enforceable in accordance with its
terms, except to the extent enforceability thereof may be
limited by (i) bankruptcy, insolvency, fraudulent conveyances,
fraudulent transfers, reorganization, or moratorium or other
similar laws now or hereafter in effect relating to or effecting
the enforcement of creditors' rights or remedies generally and
(ii) general principles of equity (regardless of whether such
enforcement is considered in a proceeding in equity or at law),
including the discretion of the court before which any
proceeding may be brought, concepts of good faith,
reasonableness and fair dealing.
I consent to the filing of this opinion with the Securities and Exchange
Commission as an exhibit to the Current Report of Hartford Life on Form 8-K and
to the use of my name under the heading "Legal Matters" in the Prospectus and to
the incorporation by reference of this opinion and consent as exhibits to the
Registration Statement filed in accordance with Rule 462(b) under the Act. In
giving the foregoing consents, I do not thereby admit that I come within the
category of persons, whose consent is required under Section 7 of the Securities
Act of 1933, as amended, or the rules and regulations of the Securities and
Exchange Commission thereunder.
Very truly yours,
/s/ Richard P. Rubin
Richard P. Rubin
Senior Counsel
Hartford Life Insurance Company