<Page>
CRC COMPOUND RATE CONTRACT
MODIFIED GUARANTEED ANNUITY CONTRACT
HARTFORD LIFE INSURANCE COMPANY
FILE NO. 333-133695
SUPPLEMENT DATED JULY 26, 2006 TO THE PROSPECTUS DATED MAY 1, 2006
<Page>
24 HARTFORD LIFE INSURANCE COMPANY
- -------------------------------------------------------------------------------
SUPPLEMENT DATED JULY 26, 2006 TO YOUR PROSPECTUS
ADDITION OF APPENDICES
The following Appendices are added to the prospectus:
APPENDIX A -- MODIFIED GUARANTEED ANNUITY FOR QUALIFIED PLANS
The CRC(R) (Compound Rate Contract) Annuity for Qualified Plans is a group
deferred annuity Contract under which one or more purchase payments may be made.
Plans eligible to purchase the Contract are pension and profit-sharing plans
qualified under Section 401(a) of the Internal Revenue Code (the "Code"), Keogh
Plans and eligible state deferred compensation plans under Section 457 of the
Code ("Qualified Plans").
To apply for a Group Annuity Contract, the trustee or other applicant need only
complete an application for the Group Annuity Contract and make its initial
purchase payment. A Group Annuity Contract will then be issued to the applicant
and subsequent Purchase Payments may be made, subject to the same $2,000 minimum
applicable to qualified purchasers of Certificates. While no Certificates are
issued, each purchase payment, and the Account established thereby, are
confirmed to the Contract Owner. The initial and subsequent purchase payments
operate to establish Accounts under the Group Annuity Contract in the same
manner as non-qualified purchases. Each Account will have its own Initial and
Subsequent Guarantee Periods and Guaranteed Rates. Surrenders under the Group
Annuity Contract may be made, at the election of the Contract Owner, from one or
more of the Accounts established under the Contract. Account surrenders are
subject to the same limitations, adjustments and charges as surrenders made
under a certificate (see "Surrenders"). Net Surrender Values may be surrendered
or applied to purchase annuities for the Contract Owners' Qualified Plan
Participants.
Because there are no individual participant accounts, the Qualified Group
Annuity Contract issued in connection with a Qualified Plan does not provide for
death benefits. Annuities purchased for Qualified Plan Participants may provide
for a payment upon the death of the Annuitant, depending on the option chosen
(see "Annuity Options"). Additionally, since there are no Annuitants prior to
the actual purchase of an Annuity by the Contract Owner, the provisions
regarding the Annuity Commencement Date are not applicable.
If you are purchasing the Contract for use in an IRA or other qualified
retirement plan, you should consider other features of the Contract besides tax
deferral, since any investment vehicle used within an IRA or other qualified
plan receives tax deferred treatment under the Code.
<Page>
HARTFORD LIFE INSURANCE COMPANY 25
- -------------------------------------------------------------------------------
APPENDIX B -- SPECIAL PROVISIONS FOR INDIVIDUAL CONTRACTS ISSUED IN THE STATE OF
CALIFORNIA, MICHIGAN, MISSOURI, NEW YORK, OREGON, SOUTH CAROLINA, TEXAS,
VIRGINIA AND WISCONSIN
The following provision, among others, applies only to individual Contracts
issued in the States of California, Michigan, Missouri, New York, Oregon, South
Carolina, Texas, Virginia and Wisconsin:
(1) The Contract Owner has the right to request, in writing, a surrender of the
Contract within ten (10) days after it was purchased. In such event, in
California, New York, Oregon, Texas, Virginia and Wisconsin, Hartford will
pay the Contract Owner an amount equal to the sum of (a) the Account Value
on the date the written request for surrender was received multiplied by
the Market Value Adjustment formula and (b) any charges deducted from the
Purchase Payment. In Michigan, Missouri and South Carolina, the Contract
will be cancelled and any premium paid will be refunded in full.
<Page>
HARTFORD LIFE INSURANCE COMPANY 27
- -------------------------------------------------------------------------------
APPENDIX C -- MARKET VALUE ADJUSTMENT
The formula which will be used to determine the Market Value Adjustment is: [(1
+ i)/(1 + J)] TO THE POWER OF (n/12)
<Table>
i = The Guarantee Rate in effect for the Current Guarantee
Period(expressed as a decimal, e.g., 1% = .01)
J = The Current Rate (expressed as a decimal, e.g., 1% = .01) in effect
for durations equal to the number of years remaining in the current
Guarantee Period (years are rounded to the next highest number of
years).
N = The number of complete months from the surrender date to the end of
the current Guarantee Period.
</Table>
EXAMPLE OF MARKET VALUE ADJUSTMENT
<Table>
Beginning Account Value: $50,000
Guarantee Period: 5 Years
Guarantee Rate: 5.50% per annum
Full Surrender: Middle of Contract Year 3
</Table>
EXAMPLE 1:
<Table>
Gross Surrender Value at middle of Contract Year 3 = $50,000 (1.055)TO THE POWER OF 2.5 = $57,161.18
Net Surrender Value at middle of Contract Year 3 = [$57,161.18 - (0.05) x $57,161.18]
x Market Value Adjustment
= $54,303.12 x Market Value Adjustment
Market Value Adjustment
i = 0.055
J = 0.061
N = 30
Market Value Adjustment = [(1 + i)/(1 + J)]TO THE POWER OF n/12
= (1.055/1.061)TO THE POWER OF 30/12
= 0.985922
Net Surrender Value at middle of Contract Year 3 = $54,303.12 x 0.985922
= $53,538.64
</Table>
EXAMPLE OF MARKET VALUE ADJUSTMENT
<Table>
Beginning Account Value: $50,000
Guarantee Period: 5 Years
Guarantee Rate: 5.50% per annum
Full Surrender: Middle of Contract Year 3
</Table>
EXAMPLE 2:
<Table>
Gross Surrender Value at middle of Contract Year 3 = $50,000 (1.055)TO THE POWER OF 2.5 = $57,161.18
Net Surrender Value at middle of Contract Year 3 = [$57,161.18 - (0.05) x $57,161.18]
x Market Value Adjustment
= $54,303.12 x Market Value Adjustment
Market Value Adjustment
i = .055
J = 0.050
N = 30
Market Value Adjustment = [(1 + i)/(1 + J)]TO THE POWER OF n/12
= (1.055/1.05)TO THE POWER OF 30/12
= 1.011947
Net Surrender Value at middle of Contract Year 3 = $54,303.12 x 1.011947
= $54,951.88
</Table>
This example does not include any applicable taxes.
THIS SUPPLEMENT SHOULD BE RETAINED WITH THE PROSPECTUS FOR FUTURE REFERENCE.
HV-5991