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CRC SELECT

MODIFIED GUARANTEED ANNUITY CONTRACT
HARTFORD LIFE INSURANCE COMPANY
P.O. BOX 5085
HARTFORD, CONNECTICUT 06102-5085

TELEPHONE: 1-800-862-6668 (CONTRACT OWNERS)
1-800-862-7155 (REGISTERED REPRESENTATIVES)

[THE HARTFORD LOGO]

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This prospectus describes information you should know before you purchase CRC
Select. Please read it carefully.

CRC Select is a contract between you and Hartford Life Insurance Company where
you agree to make one Purchase Payment to us and we agree to pay you interest
for a Guarantee Period you select and we agree to make a series of Annuity
Payouts at a later date. This annuity is a single premium, tax-deferred,
modified guaranteed annuity offered to both individuals and groups. It is:

X Single premium, because you make a one-time Purchase Payment.

X Tax-deferred, which means you don't pay taxes until you take money out or
until we start to make Annuity Payouts.

It is a "modified guaranteed" annuity because Hartford guarantees to pay you
your Purchase Payment and the interest earned on that Purchase Payment unless
you cancel during the right to examine period, fully or partially Surrender your
Contract, transfer to a different Guarantee Period or request Annuity Payouts
before the end of your Guarantee Period.

Although we file this prospectus with the Securities and Exchange Commission
("SEC"), the SEC doesn't approve or disapprove of these securities or determine
if this prospectus is truthful or complete. Anyone who represents that the SEC
does these things may be guilty of a criminal offense.

This prospectus can also be obtained from the Securities and Exchange
Commission's website: (www.sec.gov).

This annuity IS NOT:

- - A bank deposit or obligation

- - Federally insured

- - Endorsed by any bank or governmental agency

This annuity may not be available for sale in all states.

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PROSPECTUS DATED: MAY 1, 2008

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2 HARTFORD LIFE INSURANCE COMPANY

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AVAILABLE INFORMATION

We are required by the Securities Exchange Act of 1934 to file reports and other
information with the SEC. You may read or copy these reports at the SEC's Public
Reference Room at 450 Fifth Street, N.W., Washington, D.C., 20549. You may call
the SEC at 1-800-SEC-0330 for further information on the public reference room.
You may also obtain reports, proxy and information statements and other
information about us at the SEC's website at: www.sec.gov.

We filed a registration statement ("Registration Statement") relating to the
Contracts offered by this prospectus with the SEC under the Securities Act of
1933. This prospectus has been filed as a part of the Registration Statement and
does not contain all of the information contained in the Registration Statement.
For more information about the Contracts and us, you may obtain a copy of the
Registration Statement in the manner set forth in the preceding paragraph.

In addition, the SEC allows Hartford to "incorporate by reference" information
that Hartford files with the SEC into this prospectus, which means that
incorporated documents are considered part of this prospectus. Hartford can
disclose important information to you by referring you to those documents.
Information that Hartford files with the SEC will automatically update and
supercede the information in this prospectus.

This prospectus incorporates by reference the following documents:

(a) Our Annual Report on Form 10-K for the fiscal year ended December 31,
2007;

(b) Our Quarterly Report on Form 10-Q for the period ended March 31, 2008;
and

(c) Until this offering has been completed, any future filings we will make
with the SEC under Section 13(a), 13(c), 14 or 15(d) of the Securities
Exchange Act of 1934.

Statements in this prospectus, or in documents that we file later with the SEC
and that legally become part of this prospectus, may change or supercede
statements in other documents that are legally part of this prospectus.
Accordingly, only the statement that is changed or replaced will legally be a
part of this prospectus.

Hartford will provide without charge to each person to whom a copy of this
prospectus has been delivered, upon the written or oral request of such person,
a copy of the document referred to above which has been incorporated by
reference in this prospectus, other than exhibits to such document. Requests for
such copies should be directed to Hartford Life Insurance Company, P.O. Box
5085, Hartford, Connecticut 06102-5085, telephone: 1-800-862-6668.

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HARTFORD LIFE INSURANCE COMPANY 3

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TABLE OF CONTENTS

<Table>
<Caption>
PAGE

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DEFINITIONS 4
HIGHLIGHTS 5
THE CONTRACT 6
Annuity Payouts 12
Miscellaneous Provisions 14
Investments by Hartford 14
Amendment of Contracts 15
Assignment of Contracts 15
Additional Payments 16
FEDERAL TAX CONSIDERATIONS 17
THE COMPANY 28
LEGAL OPINION 28
EXPERTS 28
APPENDIX A -- MODIFIED GUARANTEED ANNUITY FOR QUALIFIED PLANS 30
APPENDIX B -- MARKET VALUE ADJUSTMENT 31
</Table>

THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFERING IN ANY JURISDICTION IN WHICH
SUCH OFFERING MAY NOT LAWFULLY BE MADE. NO DEALER, SALES PERSON, OR OTHER PERSON
IS AUTHORIZED TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATION IN CONNECTION
WITH THIS OFFERING OTHER THAN THOSE CONTAINED IN THIS PROSPECTUS, AND, IF GIVEN
OR MADE, SUCH OTHER INFORMATION OR REPRESENTATION MUST NOT BE RELIED ON.

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4 HARTFORD LIFE INSURANCE COMPANY

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DEFINITIONS

These terms are capitalized when used throughout this prospectus. Please refer
to these defined terms if you have any questions as you read your prospectus.

ADMINISTRATIVE OFFICE OF THE COMPANY -- Our location and overnight mailing
address is: 200 Hopmeadow Street, Simsbury, Connecticut 06089. Our standard
mailing address is: US Wealth Management, P.O. Box 5085, Hartford, CT 06102-5085

ANNUITANT -- The person on whose life this Contract is issued. The Annuitant may
not be changed after your Contract has been issued.

ANNUITY COMMENCEMENT DATE -- The date we start to make Annuity Payouts.

CODE -- The Internal Revenue Code of 1986, as amended.

CONTINGENT ANNUITANT -- The person you designate to become the Annuitant if the
Annuitant dies prior to the Annuity Commencement Date.

CONTRACT -- The individual Annuity Contract and any endorsements or riders.
Group participants and some individuals will receive a certificate rather than a
Contract.

CONTRACT OWNER OR YOU -- The owner or holder of this Contract.

CONTRACT VALUE -- The sum of your Purchase Payment and all interest earned minus
any Surrenders and any applicable Premium Taxes.

CONTRACT YEAR -- The 12 months following the date you purchased your annuity and
then each subsequent year.

HARTFORD, WE, US OR OUR -- Hartford Life Insurance Company. Only Hartford is a
capitalized term in the prospectus.

JOINT ANNUITANT -- The person on whose life Annuity Payouts are based if the
Annuitant dies after the Annuity Calculation Date. You may name a Joint
Annuitant only if your Annuity Payout Option provides for a survivor. The Joint
Annuitant may not be changed.

MARKET VALUE ADJUSTMENT -- An adjustment that either increases or decreases the
amount we pay you under certain circumstances.

POWER OF ATTORNEY -- You may authorize another person to act on your behalf by
submitting a completed Power of Attorney form. Once we have the completed form
on file, we will accept instructions from your designated third party until we
receive instructions terminating the power of attorney in writing from you. You
may not be able to make changes to your Contract if you have authorized someone
else to act under a Power of Attorney.

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HARTFORD LIFE INSURANCE COMPANY 5

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HIGHLIGHTS

HOW DO I PURCHASE THIS ANNUITY?

You must complete our application or order request and submit it to us for
approval with your Purchase Payment. Your Purchase Payment must be at least
$5,000, unless this Contract is purchased as part of certain retirement plans.

- - For a limited time, usually within ten days after you receive your
annuity, you may cancel it without paying a Surrender Charge. Your
Purchase Payment will be subject to a Market Value Adjustment.

WHAT IS A GUARANTEE PERIOD?

WHAT HAPPENS AT THE END OF EACH GUARANTEE PERIOD?

We will notify you of your options before the end of your Guarantee Period.
These options currently include:

- - Fully Surrendering your Contract,

- - Having your Contract Value rollover to a Subsequent Guarantee Period of the
same length of time,

- - Transferring to a Guarantee Period of a different duration,

- - Asking us to begin making Annuity Payouts,

- - Purchasing a variable annuity issued by Hartford, or

- - Any other option that may become available.

UNLESS WE RECEIVE WRITTEN INSTRUCTIONS FROM YOU SELECTING A DIFFERENT OPTION,
HARTFORD WILL ROLL YOUR CONTRACT VALUE INTO A SUBSEQUENT GUARANTEE PERIOD FOR
THE SAME LENGTH OF TIME. YOUR CONTRACT WILL RECEIVE THE INTEREST RATE WE HAVE
ESTABLISHED FOR THAT NEW GUARANTEE PERIOD.

CAN I TAKE OUT ANY OF MY MONEY?

You may Surrender all or part of your Contract Value or transfer to a different
Guarantee Period at any time before we start making Annuity Payouts. You may not
Surrender any of your Contract Value after we begin making Annuity Payouts.

- - You may have to pay a Surrender Charge.

We may charge you a Surrender Charge when you partially or fully Surrender your
annuity. The percentage of the Surrender Charge assessed will depend on the
length of time that has lapsed from the beginning of the Guarantee Period in
effect at the time you request your Surrender to the date we receive your
request for Surrender. You may take out all or some of the interest we have
credited to your Contract Value in the 12 months prior to your request without a
Surrender Charge.

- - You may have a Market Value Adjustment.

If you request a Surrender, cancel during the right to examine period, transfer
to a new Guarantee Period, or begin to take Annuity Payouts before the end of
your Guarantee Period, the amount you receive will be modified to include a
Market Value Adjustment. A Market Value Adjustment, which is described later,
may decrease or increase the amount you receive, depending on whether interest
rates have risen or fallen since the beginning of your Guarantee Period. You may
take out all or some of the interest we have credited to your Contract Value in
the 12 months prior to your request without a Market Value Adjustment.

- - You may have to pay income tax on any money you take out and, if you
Surrender before you are age 59 1/2, you may have to pay an income tax
penalty.

WILL HARTFORD PAY A DEATH BENEFIT?

There is a Death Benefit if the Contract Owner, joint contract owner or
Annuitant die before we begin to make Annuity Payouts. This Death Benefit is
equal to the Contract Value on the date we receive a certified death certificate
or other proof of death acceptable to us.

Depending on the Annuity Payout Option you select, we may pay a Death Benefit
after we begin to make Annuity Payouts.

WHAT ANNUITY PAYOUT OPTIONS ARE AVAILABLE?

You may choose one of the following Annuity Payout Options: Life Annuity, Life
Annuity with a Cash Refund, Life Annuity with Payments for a Period Certain,
Joint and Last Survivor Life Annuity, Joint and Last Survivor Life Annuity with
Payments for a Period Certain, and Payments for a Period Certain. We may make
other Annuity Payout Options available at any time.

You must begin to take Annuity Payouts by end of the Guarantee Period
immediately following the Annuitant's 90th birthday or the end of the 10th
Contract Year, whichever is later, unless you elect a later date to begin
receiving payments subject to the laws and regulations then in effect and our
approval.

If the end of your Guarantee Period occurs after the Annuity Commencement Date,
we begin Annuity Payouts on the Annuity Commencement Date, unless you change
that date to coincide with the end of the Guarantee Period. If we begin to make
Annuity Payouts before the end of your Guarantee Period, a Market Value
Adjustment will be made to your Contract Value.

If you do not tell us what Annuity Payout Option you want before the Annuity
Commencement Date, we will make payments under the Life Annuity with a 10-year
Period Certain Annuity Payout Option.

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6 HARTFORD LIFE INSURANCE COMPANY

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THE CONTRACT

WHAT TYPES OF CONTRACTS ARE AVAILABLE?

The Contract is an individual tax-deferred modified guaranteed annuity contract.
It is designed for retirement planning purposes and may be purchased by any
individual, group, or trust, including:

- - IRAs adopted according to Section 408 of the Code.

We no longer accept any incoming 403(b) exchanges or applications for 403(b)
individual annuity contracts.

The examples above represent Qualified Contracts, as defined by the Code. In
addition, individuals and trusts can also purchase Contracts that are not part
of a tax qualified retirement plan. These are known as Non-Qualified Contracts.

If you are purchasing the Contract for use in an IRA or qualified retirement
plan, you should consider other features of the Contract besides tax deferral,
since any investment vehicle used within an IRA or qualified plan receives tax
deferred treatment under the Code.

This Contract is not available in Puerto Rico, Maryland, Oregon, or Washington.

HOW DO I PURCHASE A CONTRACT?

You may purchase a Contract by completing and submitting an application or an
order request along with your Purchase Payment. For most Contracts, the minimum
Purchase Payment is $5,000, unless the Contract is purchased as part of certain
retirement plans. Prior approval is required for a Purchase Payment of
$1,000,000 or more.

You may not make additional Purchase Payments to this Contract, but you may
purchase a new contract. The new contracts may have different Guarantee Periods
and will earn interest at the rate set for those new contracts.

Neither you nor your Annuitant must have had your 86th birthday on the date that
your Contract is issued. You must be of legal age in the state where the
Contract is being purchased or a guardian must act on your behalf.

HOW IS THE PURCHASE PAYMENT APPLIED TO MY CONTRACT?

Your Contract will be issued after we receive your Purchase Payment. Your
Purchase Payment becomes part of a non-unitized separate account established by
Hartford. You have no priority claim on assets in this separate account. All
assets of Hartford, including those in this separate account, are available to
meet Hartford's guarantees under the Contract and are available to meet the
general obligations of Hartford.

If the request or other information accompanying the Purchase Payment is
incomplete when we receive it, we will hold the money in a non-interest bearing
account for up to three weeks while we try to obtain complete information. For
Contracts issued in New York, we will hold the money in a non-interest bearing
account for up to ten days. If we cannot obtain the information within that
time, we will either return the Purchase Payment and explain why the Purchase
Payment could not be processed or keep the Purchase Payment if you authorize us
to keep it until you provide the necessary information.

We will send you a confirmation after we apply your Purchase Payment.

CAN I CANCEL MY CONTRACT AFTER I PURCHASE IT?

We want you to be satisfied with the Contract you have purchased. We urge you to
closely examine its provisions. If for any reason you are not satisfied with
your Contract, simply return it within ten days after you receive it with a
written request for cancellation that indicates your tax-withholding
instructions. In some states, you may be allowed more time to cancel your
Contract. We will not deduct any Surrender Charge during this time, however a
Market Value Adjustment, which is described later, may apply. We may require
additional information, including a signature guarantee, before we can cancel
your Contract.

The amount we pay you upon cancellation depends on the requirements of the state
where you purchased your Contract, the method of purchase, the type of Contract
you purchased and your age.

WHAT IS A GUARANTEE PERIOD?

A Guarantee Period is the length of time you select for which Hartford
guarantees to pay you interest. The interest rate we credit depends on the
Guarantee Period you select. We currently offer Guarantee Periods of five years,
six years, seven years, eight years, nine years and ten years. We reserve the
right to establish new Guarantee Periods, modify these Guarantee Periods or
eliminate some or all of these Guarantee Periods in the future. You choose the
length of your Guarantee Period when you purchase your Contract. This is your
Initial Guarantee Period. Your Initial Guarantee Period will determine your
Initial Guarantee Rate or the rate of interest credited to your Purchase
Payment. The Initial Guarantee Rate will never be less than 3% on an annual
basis.

If you transfer to a new Guarantee Period or reach the end of the Initial
Guarantee Period and allow this Contract to "rollover" to another Guarantee
Period of the same length of time, this is a Subsequent Guarantee Period.
Basically, any Guarantee Period that is not an Initial Guarantee Period is a
Subsequent Guarantee Period. During a Subsequent Guarantee Period, your Contract
earns interest at the Subsequent Guarantee Rate, which will never be less than
3% on an annual basis.

Hartford, in its sole discretion, determines the interest rates credited to each
Guarantee Period. These interest rates generally reflect prevailing interest
rates of other investments that are similar in nature and duration. In computing
our interest rates, we may also consider the impact of regulations, taxes, sales
commissions, administrative expenses, general economic trends and competitive
factors. Contracts with Purchase Payments of $1,000,000 or more may earn
interest at a different rate than other Contracts with the same Guarantee
Period. Hartford or its agents cannot predict nor guarantee our future interest
rates.

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HARTFORD LIFE INSURANCE COMPANY 7

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CAN I TRANSFER INTO A DIFFERENT GUARANTEE PERIOD?

Once each Contract Year, beginning after the first Contract Year, you may
transfer from your Guarantee Period into a Guarantee Period of a different
duration, provided the new Guarantee Period you select is at least five years or
longer. There is no Surrender Charge for such a transfer. While we currently do
not impose a transfer charge, we reserve the right to charge a fee of up to $50
for each transfer. A Market Value Adjustment, which is described later, will be
applied to your Contract Value at the time of transfer, unless the transfer
occurs at the end of the Guarantee Period. The amount transferred into the new
Guarantee Period is equal to the Contract Value of the old Guarantee Period on
the date of the transfer minus or plus the Market Value Adjustment.

While you may transfer to a different Guarantee Period with a duration of 5
years or more, you cannot transfer into a Guarantee Period with a duration that
will take you past your Annuity Commencement Date. That means that if you
elected to begin Annuity Payouts on your Annuitant's 90th birthday and your
Annuitant is 87 years old, you would not be able to transfer into a new
Guarantee Period unless you extended your Annuity Commencement Date.

WHAT HAPPENS AT THE END OF EACH GUARANTEE PERIOD?

We will notify you of your options before the end of your Guarantee Period.
These options currently include:

- - Fully Surrendering your Contract,

- - Having your Contract Value rollover to a Subsequent Guarantee Period of the
same length of time,

- - Transferring to a Guarantee Period of a different duration,

- - Asking us to begin making Annuity Payouts,

- - Purchase a variable annuity from Hartford, or

- - Any other option that may become available.

Unless we receive written instructions from you selecting a different option,
Hartford will roll your Contract Value into a Subsequent Guarantee Period of the
same length of time. Your Contract will receive the interest rate we have
established for that new Guarantee Period. If we roll your Contract Value into a
Subsequent Guarantee Period because we have not received any other instructions
from you, Hartford will, for some period of time after the end of your Guarantee
Period, allow you to exercise a different option. Currently, we will allow 21
days after the end of a Guarantee Period to request a different option. However,
Hartford reserves the right to change or terminate this administrative
processing period. A request for a different option received during this time
will be treated as if it was received prior to the end of the current Guarantee
Period. However, a request to transfer to another Guarantee Period of a
different duration is processed as of the date we receive the request and
receives the interest rate credited to that Guarantee Period as of that date.

If you rollover into a Subsequent Guarantee Period or transfer to a Guarantee
Period of a different duration, you cannot rollover or transfer into a Guarantee
Period with a duration that will take you past your Annuity Commencement Date.
That means that if you elected to begin Annuity Payouts on your Annuitant's 90th
birthday and your Annuitant is 87 years old, you would not be able to rollover
or transfer into a new Guarantee Period with a duration longer than three years
unless you extended your Annuity Commencement Date.

FOR CONTRACTS PURCHASED IN NEW YORK -- We will notify you of your options at
least 15 days, but no more than 45 days, before the end of your Guarantee
Period. If you fully or partially Surrender your Contract within the 30 day
period prior to the end of your Guarantee Period, no Surrender Charge is
deducted or Market Value Adjustment made.

HOW IS THE VALUE OF MY CONTRACT CALCULATED BEFORE THE ANNUITY COMMENCEMENT DATE?

We calculate your Contract Value by deducting any applicable Premium Tax from
your Purchase Payment, or your rollover value, if you are in a Subsequent
Guarantee Period. We then credit your Contract Value on a daily basis with an
amount that is equivalent to your Guarantee Period's interest rate on an annual
basis and deduct any partial Surrenders.

The following example shows how interest would be credited to your Contract
Value. The example assumes you purchased a Contract with a five-year Guarantee
Period crediting a hypothetical Initial Guarantee Rate of 5% on an annual basis.
The example assumes no money is taken from the Contract during the Guarantee
Period. We are using a hypothetical interest rate of 5%. This interest rate is
for illustration only and is no indication of future interest rates. Actual
interest rates may be more or less than those shown.

<Table>

Year one $10,000 Purchase Payment or rollover value
$500 total year's interest payments
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$10,500 end of year Contract Value
Year two $10,500 beginning Contract Value
$525 total year's interest payments
---------
$11,025 end of year Contract Value
</Table>

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8 HARTFORD LIFE INSURANCE COMPANY

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<Table>

Year three $11,025 beginning Contract Value
$551 total year's interest payments
---------
$11,576 end of year Contract Value
Year four $11,576 beginning Contract Value
$579 total year's interest payments
---------
$12,155 end of year Contract Value
Year five $12,155 beginning Contract Value
$608 total year's interest payments
---------
$12,763 end of year Contract Value
</Table>

Once each Contract Year, we will send you a statement which shows

- - your Contract Value as of the end of the preceding Contract Year,
- - any money you take out of your Contract during the Contract Year,
- - your Contract Value at the end of the current Contract Year, and
- - the annual rate of interest being credited to your Contract.

FEES AND CHARGES

WHAT HAPPENS IF I REQUEST A SURRENDER BEFORE THE END OF THE GUARANTEE PERIOD?

We don't charge you a sales charge when you purchase this Contract or assess any
annual fees. However, if you want to take money out of the Contract before the
end of your Guarantee Period, there are two charges we may assess, plus a Market
Value Adjustment that may, at times, result in a deduction. The two charges are
Premium Tax and a Surrender Charge.

X Premium Taxes

We deduct Premium Taxes, if required, by a state or other government agency.
Some states collect the taxes when Purchase Payments are made; others collect at
annuitization. Since we pay Premium Taxes when they are required by applicable
law, we may deduct them from your Contract when we pay the taxes, upon
Surrender, or on the Annuity Commencement Date. The Premium Tax rate varies by
state or municipality and currently ranges from 0% - 3.5%.

X SURRENDER CHARGE -- The Surrender Charge covers some of the expenses relating
to the sale and distribution of the Contract, including commissions paid to
registered representatives and the cost of preparing sales literature and
other promotional activities.

We assess a Surrender Charge when you request a full or partial Surrender,
unless your Surrender occurs at the end of a Guarantee Period. The percentage we
assess for the Surrender Charge varies according to the length of time between
the beginning of the Guarantee Period in effect at the time of your Surrender
and the date of your request for Surrender. When you request a Surrender, we
deduct the dollar amount you request from your Contract Value. Then we subtract
any interest we have credited to your Contract in the 12 months prior to the
request for Surrender that has not already been withdrawn from the amount
requested for Surrender. This difference is then the amount subject to a
Surrender Charge. We then determine the appropriate percentage of Surrender
Charge, if any, to be deducted by calculating the length of time the money has
been part of your present Guarantee Period. We deduct the percentage of the
amount Surrendered from the amount you requested, and, provided there is no
Market Value Adjustment, pay you that amount.

If you are in your Initial Guarantee Period, the percentage we deduct is equal
to:

<Table>
<Caption>
NUMBER OF YEARS FROM THE
BEGINNING OF THE INITIAL
GUARANTEE PERIOD SURRENDER CHARGE

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1 6%
2 6%
3 5%
4 4%
5 3%
6 2%
7 2%
8+ 2%
</Table>

If you are in a Subsequent Guarantee Period, the percentage we deduct is equal
to:

<Table>
<Caption>
NUMBER OF YEARS FROM THE
BEGINNING OF ANY
SUBSEQUENT GUARANTEE PERIOD SURRENDER CHARGE

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1 4%
2 3%
3 2%
4 2%
5 2%
6 2%
7 2%
8+ 2%
</Table>

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HARTFORD LIFE INSURANCE COMPANY 9

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If you purchase your Contract in New York, and you are in your Initial Guarantee
Period, the percentage we deduct is equal to:

<Table>
<Caption>
NUMBER OF YEARS FROM THE
BEGINNING OF THE
INITIAL GUARANTEE PERIOD SURRENDER CHARGE

- -------------------------------------------------
1 or less 7%
2 6%
3 5%
4 4%
5 3%
6 2%
7 1%
8 0%
9 0%
10 0%
</Table>

If you purchase your Contract in New York and you are in a Subsequent Guarantee
Period of five (5) years or more, the percentage we deduct is equal to:

<Table>
<Caption>
NUMBER OF YEARS FROM THE
BEGINNING OF A
SUBSEQUENT GUARANTEE PERIOD SURRENDER CHARGE

- ----------------------------------------------------
1 or less 5%
2 4%
3 3%
4 2%
5 1%
6 0%
7 0%
8 0%
9 0%
10 0%
</Table>

If you purchase your Contract in New York and you are in a Subsequent Guarantee
Period of four (4) years or less, the percentage we deduct is equal to:

<Table>
<Caption>
NUMBER OF YEARS FROM THE
BEGINNING OF A
SUBSEQUENT GUARANTEE PERIOD SURRENDER CHARGE

- ------------------------------------------------------
1 or less 1% multiplied by the
number of years in the
Guarantee Period
2 The percentage used for
Year 1 or less minus 1%
3 The percentage used for
Year 2 minus 1%
4 The percentage used for
Year 3 minus 1%
</Table>

THE FOLLOWING SITUATIONS ARE NOT SUBJECT TO A SURRENDER CHARGE:

- - Surrenders made at the end of a Guarantee Period.

- - Surrender of interest that has been credited to the Contract Value during
the 12 months prior to the Surrender that has not previously been withdrawn.

- - Upon death of the Annuitant, joint owner or Contract Owner.

- - Upon Annuitization.

- - Upon cancellation during the right to examine period.

- - Required Minimum Distributions from IRAs or 403(b) plans.

SURRENDERS MADE UNDER THE NURSING HOME WAIVER RIDER. We will waive any Surrender
Charge applicable to a partial or full Surrender if you, the joint owner or the
Annuitant, is confined for at least 180 calendar days to a: (a) hospital
recognized as a general hospital by the proper authority of the state in which
it is located; or (b) hospital recognized as a general hospital by the Joint
Commission on the Accreditation of Hospitals; or (c) facility certified by
Medicare as a hospital or long-term care facility; or (d) nursing home licensed
by the state in which it is located and offers the services of a registered
nurse 24 hours a day. If you, the joint owner or the Annuitant is confined when
you purchase the Contract, this waiver is not available. For the waiver to
apply, you must: (a) have owned the Contract continuously since it was issued,
(b) provide written proof of confinement satisfactory to us, and (c) request the
Surrender within 91 calendar days of the last day of confinement. Your
confinement must be at the recommendation of a physician for medically necessary
reasons. This waiver may not be available in all states. Please contact your
registered representative or us to determine if it is available for you.

MARKET VALUE ADJUSTMENT

If you request to Surrender, cancel during the right to examine period, transfer
to a new Guarantee Period or ask that we begin to make Annuity Payouts at any
time other than at the end of your Guarantee Period, we may apply a Market Value
Adjustment. That means that the amount we pay you for a Surrender or the
Contract Value we transfer to a new Guarantee Period or use to determine your
Annuity Payouts will be adjusted up or down.

The Market Value Adjustment reflects both the amount of time left in your
Guarantee Period, and, the difference between the Guarantee Rate credited to
your current Guarantee Period and the interest rate we are crediting to a new
Guarantee Period with a duration equal to the amount of time left in your
Guarantee Period. If your Guarantee Period's interest rate is lower than the
interest rate we are currently crediting the new Guarantee Period, then the
application of the Market Value Adjustment will reduce the amount you receive.
Conversely, if your Guarantee Period's interest rate is higher than the interest
rate we are crediting for the new Guarantee Period, then the application of the
Market Value Adjustment will increase the amount you receive.

For example, assume you purchase a Contract with an Initial Guarantee Period of
ten years crediting interest at an Initial Guarantee Rate of 8% on an annual
basis. You request a partial

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10 HARTFORD LIFE INSURANCE COMPANY

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Surrender at the end of the seventh Contract Year. At that time you request a
Surrender, Hartford's interest rate was 6% on an annual basis for Subsequent
Guarantee Periods with a three-year duration, the amount of time left in your
Initial Guarantee Period. Then the amount payable upon partial Surrender will
increase after the application of the Market Value Adjustment. On the other
hand, if Hartford was crediting an interest rate higher than your 8% Initial
Guarantee Rate, then the application of the Market Value Adjustment will
decrease the amount payable to you upon partial Surrender.

The Market Value Adjustment will apply to any request to Surrender, cancel
during the right to examine period, transfer to a new Guarantee Period prior to
the end of a Guarantee Period, or if you ask us to begin Annuity Payouts prior
to the end of a Guarantee Period except:

- - Previous 12 months' interest payments that you ask us to send to you that
you have not previously Surrendered.

- - Distributions made due to death.

- - Payments we make to you as part of your Annuity Payout.

The actual formula for calculating the Market Value Adjustment is set forth in
the Appendix B that also contains additional illustrations of the application of
the Market Value Adjustment.

Since the interest rates Hartford credits may reflect, in part, the investment
yields available to Hartford (see "Investments by Hartford"); the Market Value
Adjustment may also reflect, in part, the levels of such yields. It is possible,
therefore, that should such yields increase significantly from the time you
purchased your Contract, coupled with the application of the Surrender Charges,
the amount you would receive upon a full Surrender of your Contract could be
less than your original Purchase Payment.

WE MAY OFFER, IN OUR DISCRETION, REDUCED FEES AND CHARGES FOR CERTAIN CONTRACTS
THAT MAY RESULT IN DECREASED COSTS AND EXPENSES. REDUCTIONS IN THESE FEES AND
CHARGES WILL NOT BE UNFAIRLY DISCRIMINATORY AGAINST ANY CONTRACT OWNER.

SURRENDERS

ARE THERE ANY RESTRICTIONS ON PARTIAL SURRENDERS?

If you request a partial Surrender before we begin to make Annuity Payouts,
there are two restrictions:

- - The amount you want to Surrender must be at least equal to $1,000, our
current minimum for partial Surrenders, and

- - The Contract must have a minimum Contract Value of $5,000 after the
Surrender.

The above restrictions do not apply if you Surrender interest that has been
credited to the Contract Value during the 12 months prior to Surrender.

We reserve the right to terminate your Contract and pay you the Contract Value
minus any applicable charges or adjustments if your Contract Value is under the
minimum after the Surrender.

HOW DO I REQUEST A SURRENDER?

Requests for Surrenders must be in writing. To request a full or partial
Surrender, complete a Surrender Form or send us a letter, signed by you,
stating:

- - the dollar amount that you want to receive, either before or after we
withhold taxes and deduct for any applicable charges,

- - your tax withholding amount or percentage, if any, and

- - your mailing address.

If there are joint Contract Owners, both must authorize all Surrenders.

We may defer payment of any partial or full Surrender for a period not exceeding
six months from the date of our receipt of your notice of Surrender or the
period permitted by state insurance law, if less. We may defer a Surrender
payment more than 10 days and, if we do, we will pay interest of at least 3% per
annum on the amount deferred.

WHAT SHOULD BE CONSIDERED ABOUT TAXES?

There are certain tax consequences associated with Surrenders:

PRIOR TO AGE 59 1/2 -- If you make a Surrender prior to age 59 1/2, there may be
adverse tax consequences including a 10% federal income tax penalty on the
taxable portion of the Surrender payment. Surrendering before age 59 1/2 may
also affect the continuing tax-qualified status of some Contracts.

WE DO NOT MONITOR SURRENDER REQUESTS. TO DETERMINE WHETHER A SURRENDER IS
PERMISSIBLE, WITH OR WITHOUT FEDERAL INCOME TAX PENALTY, PLEASE CONSULT YOUR
PERSONAL TAX ADVISER.

MORE THAN ONE CONTRACT ISSUED IN THE SAME CALENDAR YEAR -- If you own more than
one Contract issued by us or our affiliates in the same calendar year, then
these Contracts may be treated as one Contract for the purpose of determining
the taxation of distributions prior to the Annuity Commencement Date. Please
consult your tax adviser for additional information.

INTERNAL REVENUE CODE SECTION 403(B) ANNUITIES -- As of December 31, 1988, all
section 403(b) annuities have limits on full and partial Surrenders.
Contributions to your Contract made after December 31, 1988 and any increases in
cash value after December 31, 1988 may not be distributed unless you are: (a)
age 59 1/2, (b) no longer employed, (c) deceased, (d) disabled, or (e)
experiencing a financial hardship (cash value increases may not be distributed
for hardships prior to age 59 1/2). Distributions prior to age 59 1/2 due to
financial hardship; unemployment or retirement may still be subject to a penalty
tax of 10%.

We no longer accept any incoming 403(b) exchanges or applications for 403(b)
individual annuity contracts.

WE ENCOURAGE YOU TO CONSULT WITH YOUR TAX ADVISER BEFORE MAKING ANY SURRENDERS.
PLEASE SEE THE "FEDERAL TAX CONSIDERATIONS" SECTION FOR MORE INFORMATION.

<Page>

HARTFORD LIFE INSURANCE COMPANY 11

- -------------------------------------------------------------------------------

DEATH BENEFIT

WHAT IS THE DEATH BENEFIT AND HOW IS IT CALCULATED?

Before we begin to make Annuity Payouts, we will pay a Death Benefit upon the
death of the Contract Owner, joint owner, or the Annuitant, if there is no
surviving Contingent Annuitant. The Death Benefit is calculated when we receive
a certified death certificate or other legal document acceptable to us. The
Death Benefit we pay is equal to the Contract Value on the date we receive the
certified death certificate or other legal document.

HOW IS THE DEATH BENEFIT PAID?

The Death Benefit may be taken in one lump sum or under any of the Annuity
Payout Options then being offered by us. On the date we receive complete
instructions from the Beneficiary, we will compute the Death Benefit amount to
be paid out or applied to a selected Annuity Payout Option. When there is more
than one Beneficiary, we will calculate the Death Benefit amount for each
Beneficiary's portion of the proceeds and then pay it out or apply it to a
selected Annuity Payout Option according to each Beneficiary's instructions
acceptable to us.

If the Contract Owner dies before we begin to make Annuity Payouts, the
Beneficiary may elect to leave proceeds from the Death Benefit with us for up to
five years from the date of the Contract Owner's death under the Annuity
Proceeds Settlement Option "Death Benefit Remaining with the Company". The
proceeds will remain in the same Guarantee Period in effect at the time of death
and receive the same interest rate credited to that Contract. If the Guarantee
Period has more than five years remaining, then Hartford will, before the
completion of the 5th Contract Year after the death of the Contract Owner,
terminate the Contract and waiving all Surrender Charges, pay the Contract Value
to the Beneficiary. A Market Value Adjustment will be applicable.

The Beneficiary of a non-qualified Contract or IRA may also elect the "Single
Life Expectancy Only" option. This option allows the Beneficiary to take the
Death Benefit in a series of payments spread over a period equal to the
Beneficiary's remaining life expectancy. Distributions are calculated based on
IRS life expectancy tables. This option is subject to different limitations and
conditions depending on whether the Contract is non-qualified or an IRA.

REQUIRED DISTRIBUTIONS -- If the Contract Owner dies before the Annuity
Commencement Date, the Death Benefit must be distributed within five years after
death. The Beneficiary can choose any Annuity Payout Option that results in
complete Annuity Payout within five years.

If the Contract Owner dies on or after the Annuity Commencement Date under an
Annuity Payout Option with a Payout upon Death Benefit, any remaining value must
be distributed at least as rapidly as under the Annuity Payout Option being used
as of the Contract Owner's death.

If the Contract Owner is not an individual (e.g. a trust), then the original
Annuitant will be treated as the Contract Owner in the situations described
above and any change in the original Annuitant will be treated as the death of
the Contract Owner.

WHAT SHOULD THE BENEFICIARY CONSIDER?

ALTERNATIVES TO THE REQUIRED DISTRIBUTIONS -- The selection of an Annuity Payout
Option and the timing of the selection will have an impact on the tax treatment
of the Death Benefit. To receive favorable tax treatment, the Annuity Payout
Option selected: (a) cannot extend beyond the Beneficiary's life or life
expectancy, and (b) must begin within one year of the date of death.

If these conditions are NOT met, the Death Benefit will be treated as a lump sum
payment for tax purposes. This sum will be taxable in the year in which it is
considered received.

SPOUSAL CONTRACT CONTINUATION -- If the Contract Owner dies, the Contract
Owner's spouse, if named as a Beneficiary, may elect to continue the Contract as
the new Contract Owner. This spousal continuation is available only once for
each Contract. The spouse may, in the alternative, elect to receive the Death
Benefit in one lump sum payment or have the Death Benefit paid under one of the
Annuity Payout Options.

WHO WILL RECEIVE THE DEATH BENEFIT?

The distribution of the Death Benefit is based on whether death is before, on or
after the Annuity Commencement Date.

<Page>

12 HARTFORD LIFE INSURANCE COMPANY

- -------------------------------------------------------------------------------

IF DEATH OCCURS BEFORE THE ANNUITY COMMENCEMENT DATE:

<Table>

IF THE DECEASED IS THE . . . AND . . . AND . . . THEN THE . . .
Contract Owner There is a surviving joint The Annuitant is living or Joint Contract Owner receives
Contract Owner deceased the Death Benefit.
Contract Owner There is no surviving joint The Annuitant is living or Designated Beneficiary receives
Contract Owner deceased the Death Benefit.
Contract Owner There is no surviving joint The Annuitant is living or Contract Owner's estate
Contract Owner or surviving deceased receives the Death Benefit.
Beneficiary
Annuitant The Annuitant is also the There is no named Contingent Designated Beneficiary receives
Contract Owner Annuitant the Death Benefit.
Annuitant The Contract Owner is a trust There is no named Contingent The Contract Owner receives the
or other non-natural person Annuitant Death Benefit.
Annuitant The Contract Owner is living There is no named Contingent The Contract Owner is presumed
Annuitant to be the Contingent Annuitant
and the Contract continues. The
Contract Owner may waive this
presumption and receive the
Death Benefit.
Annuitant The Contract Owner is living The Contingent Annuitant is Contingent Annuitant becomes
living the Annuitant, and the Contract
continues.
</Table>

IF DEATH OCCURS ON OR AFTER THE ANNUITY COMMENCEMENT DATE:

<Table>

IF THE DECEASED IS THE . . . AND . . . THEN THE . . .
Contract Owner The Annuitant is living Designated Beneficiary becomes the
Contract Owner and Payments continue.
Annuitant The Contract Owner is living Contract Owner receives the Death
Benefit.
Annuitant The Annuitant is also the Contract Owner Designated Beneficiary receives the
Death Benefit.
</Table>

THESE ARE THE MOST COMMON DEATH BENEFIT SCENARIOS, HOWEVER, THERE ARE OTHERS.
SOME OF THE ANNUITY PAYOUT OPTIONS MAY NOT RESULT IN THE PAYMENT OF A DEATH
BENEFIT. IF YOU HAVE QUESTIONS ABOUT THESE AND ANY OTHER SCENARIOS, PLEASE
CONTACT YOUR REGISTERED REPRESENTATIVE OR US.

ANNUITY PAYOUTS

This section describes what happens when we begin to make regular Annuity
Payouts from your Contract. You, as the Contract Owner, should answer four
questions:

1. When do you want Annuity Payouts to begin?

2. What Annuity Payout Option do you want to use?

3. How often do you want the Payee to receive Annuity Payouts?

4. How are Annuity Payouts calculated?

Please check with your Registered Representative to select the Annuity Payout
Option that best meets your income needs.

1. WHEN DO YOU WANT ANNUITY PAYOUTS TO BEGIN?

You select an Annuity Commencement Date when you purchase your Contract or at
any time before we begin making Annuity Payouts. You may change the Annuity
Commencement Date by notifying us before we begin to make Annuity Payouts.

The Annuity Commencement Date cannot be deferred beyond the end of the Guarantee
Period immediately following the Annuitant's 90th birthday or the end of the
Guarantee Period immediately following the end of the 10th Contract Year,
whichever is later, unless you elect a later date to begin receiving payments,
subject to the laws and regulations then in effect and our approval. Unless you
elect an Annuity Payout Option before the Annuity Commencement Date, we will
begin to make Annuity Payouts under the Life Annuity with a 10-Year Period
Certain Annuity Payout Option.

<Page>
HARTFORD LIFE INSURANCE COMPANY 13

- -------------------------------------------------------------------------------

If the Annuity Commencement Date does not coincide with the end of a Guarantee
Period, a Market Value Adjustment will apply. In that case, Hartford will
determine the amount available for Annuity Payouts by taking your Contract
Value, deducting any applicable Premium Taxes and then multiplying that amount
by the Market Value Adjustment. No Market Value Adjustment will apply if the
Annuity Commencement Date coincides with the end of your Guarantee Period.

All Annuity Payouts, regardless of frequency, will occur on the same day of the
month as the Annuity Commencement Date.

Once you pass the Annuitant's 90th birthday or the end of your 10th Contract
Year, some Guarantee Period durations, may not be available.

In New York, you must give Hartford 30 days advance written notice of your
intent to change your Annuity Commencement Date, and cannot defer that date past
the Annuitant's 90th birthday.

2. WHICH ANNUITY PAYOUT OPTION DO YOU WANT TO USE?

Your Contract contains the Annuity Payout Options described below. We may at
times offer other Annuity Payout Options. Once Annuity Payouts begin, you cannot
change the Annuity Payout Option.

LIFE ANNUITY -- We make Annuity Payouts as long as the Annuitant is living. When
the Annuitant dies, we stop making Annuity Payouts. A Payee would receive only
one Annuity Payout if the Annuitant dies after the first Payout, two Annuity
Payouts if the Annuitant dies after the second Payout, and so forth.

LIFE ANNUITY WITH A CASH REFUND -- We make Annuity Payouts as long as the
Annuitant is living. When the Annuitant dies, we stop making Annuity Payouts. At
the death of the Annuitant, if the Contract Value on the Annuity Commencement
Date minus any Premium Tax is greater than the sum of all Annuity Payouts
already made, any difference will be paid to the Beneficiary.

LIFE ANNUITY WITH PAYMENTS FOR A PERIOD CERTAIN -- We make Annuity Payouts
during the lifetime of the Annuitant but Annuity Payouts are at least guaranteed
for a period of time you select between 5 years and 100 years minus the age of
the Annuitant. If, at the death of the Annuitant, Annuity Payouts have been made
for less than the minimum elected number of years, then the Beneficiary may
elect to (a) continue Annuity Payouts for the remainder of the minimum elected
number of years or (b) receive the commuted value in one sum.

JOINT AND LAST SURVIVOR LIFE ANNUITY -- We will make Annuity Payouts as long as
either the Annuitant or Joint Annuitant are living. When one Annuitant dies, we
continue to make Annuity Payouts to the other Annuitant until that second
Annuitant dies. When choosing this option, you must decide what will happen to
the Annuity Payouts after the first Annuitant dies. You must select Annuity
Payouts that:

- - Remain the same at 100%, or

- - Decrease to 66.67%, or

- - Decrease to 50%.

The percentages represent actual dollar amounts. The percentage will also impact
the Annuity Payout amount we pay while both Annuitants are living. If you pick a
lower percentage, your original Annuity Payouts will be higher while both
Annuitants are alive.

JOINT AND LAST SURVIVOR LIFE ANNUITY WITH PAYMENTS FOR A PERIOD CERTAIN -- We
will make Annuity Payouts as long as either the Annuitant or Joint Annuitant are
living, but Annuity Payouts are at least guaranteed for a period of time you
select between 5 years and 100 years minus the age of the Annuitant. If, at the
death of the last Annuitant, Annuity Payouts have been made for less than the
minimum elected number of years, then the Beneficiary may elect to (a) continue
Annuity Payouts for the remainder of the minimum elected number of years or (b)
receive the commuted value in one sum. When one Annuitant dies, we continue to
make Annuity Payouts to the other Annuitant until that second Annuitant dies.
When choosing this option, you must decide what will happen to the Annuity
Payouts after the first Annuitant dies and the Period Certain has ended. You
must select Annuity Payouts that:

- - Remain the same at 100%, or

- - Decrease to 66.67%, or

- - Decrease to 50%.

PAYMENTS FOR A PERIOD CERTAIN -- We will make Annuity Payouts for the number of
years that you select. During the first Contract Year, you can select any period
of time between 10 years and 100 years minus the Annuitant's age. After the
first Contract Year, you can select any period of time between 5 and 100 years
minus the Annuitant's age. If, at the death of the Annuitant, Annuity Payouts
have been made for less than the period certain, then the Beneficiary may elect
to (a) continue Annuity Payouts for the remainder of the minimum elected number
of years or (b) receive the commuted value in one sum.

<Page>

14 HARTFORD LIFE INSURANCE COMPANY

- -------------------------------------------------------------------------------

IMPORTANT INFORMATION:

- - YOU CANNOT SURRENDER YOUR CONTRACT ONCE ANNUITY PAYOUTS BEGIN.

- - For Qualified Contracts, if you elect an Annuity Payout Option with a Period
Certain, the guaranteed number of years must be less than the life
expectancy of the Annuitant at the time the Annuity Payouts begin. We
compute life expectancy using the IRS mortality tables.

- - AUTOMATIC ANNUITY PAYMENTS -- If you do not elect an Annuity Payout Option,
Annuity Payouts will automatically begin on the Annuity Commencement Date
under the Life Annuity with Payments for a Period Certain Annuity Payout
Option with a ten-year period certain.

3. HOW OFTEN DO YOU WANT THE PAYEE TO RECEIVE ANNUITY PAYOUTS?

In addition to selecting an Annuity Commencement Date and an Annuity Payout
Option, you must also decide how often you want the Payee to receive Annuity
Payouts. You may choose to receive Annuity Payouts:

- - monthly,

- - quarterly,

- - semi-annually, or

- - annually.

Once you select a frequency, it cannot be changed after the Annuity Commencement
Date. If you do not make a selection, the Payee will receive monthly Annuity
Payouts. The first payment must be at least equal to the minimum payment amount
according to our rules then in effect. If at any time, payments become less than
the minimum payment amount, we have the right to change the payment frequency to
meet the minimum payment requirements. If any payment amount is less than the
minimum annual payment amount, we may make an alternative arrangement with you.

4. HOW ARE ANNUITY PAYOUTS CALCULATED?

The Tables in the Contract provide for guaranteed dollar amounts of monthly
payments for each $1,000 applied under the Annuity Payout Options. Under the
Life Annuity, Life Annuity with Cash Refund and Life Annuity with Payments for a
Period Certain, the amount of each Annuity Payout will depend upon the age and
gender of the Annuitant at the time the first Annuity Payout is due. Under the
Joint and Last Survivor Life Annuity and Joint and Last Survivor Life Annuity
with Payments for a Period Certain, the amount of the first Annuity Payout will
depend upon the gender of both Annuitants and their ages at the time the Annuity
Payout is due.

Gender will not be used to determine the amount of the Annuity Payouts if the
Contract is issued to qualify under certain sections of the Code. If gender is
used to determine the amount of Annuity Payouts, the Annuity tables in the
Contract will provide rates of payment for male Annuitants and female
Annuitants.

The fixed payment Annuity tables for the Annuity Payout Options, except for
Payments for a Period Certain Annuity Payout Option are based on the 1983a
Individual Annuity Mortality Table projected to the year 2000 using Projection
Scale G and an interest rate of 2.5%. The table for the Payments for a Period
Certain Annuity Payout Option is based on an interest rate of 2.5% per annum.

The Annuity tables for the Annuity Payout Options, except for Payments for a
Period Certain Annuity Payout Option are age dependent. For Annuity payments
beginning after 2000, the amount of the first payment will be based on an age a
specified number of years younger than the Annuitant's then attained age. The
age setback is as follows:

<Table>
<Caption>
DATE OF FIRST PAYMENT AGE SETBACK

- --------------------------------------------------------------------------------
Prior to 2005 1 year
2005 - 2014 2 years
2015 - 2019 3 years
2020 - 2029 4 years
2030 - 2039 5 years
2040 or later 6 years
</Table>

MISCELLANEOUS PROVISIONS

INVESTMENTS BY HARTFORD

Assets of Hartford must be invested in accordance with the requirements
established by applicable state laws regarding the nature and quality of
investments that may be made by life insurance companies and the percentage of
their assets that may be committed to any particular type of investment. In
general, these laws permit investments, within specified limits and subject to
certain qualifications, in federal, state and municipal obligations, corporate
bonds, preferred and common stocks, real estate mortgages, real estate and
certain other investments.

Contract reserves will be accounted for in a non-unitized separate account.
Contract Owners have no priority claims on assets accounted for in this separate
account. All assets of Hartford, including those accounted for in this separate
account, are available to meet the guarantees under the Contracts and are
available to meet the general obligations of Hartford.

Nonetheless, in establishing Guarantee Rates and Current Rates, Hartford intends
to take into account the yields available on the instruments in which it intends
to invest the proceeds from the Contracts. (See "Guarantee Rates"). Hartford's
investment strategy with respect to the proceeds attributable to the Contracts
will generally be to invest in investment-grade debt instruments having
durations tending to match the applicable Guarantee Periods.

Investment-grade debt instruments in which Hartford intends to invest the
proceeds from the Contracts include:

Securities issued by the United States Government or its agencies or
instrumentalities, which issues may or may not be guaranteed by the United
States Government.

<Page>

HARTFORD LIFE INSURANCE COMPANY 15

- -------------------------------------------------------------------------------

Debt securities which have an investment grade, at the time of purchase, within
the four highest grades assigned by Moody's Investors Services, Inc. (Aaa, Aa, A
or Baa), Standard & Poor's Corporation (AAA, AA, A or BBB) or any other
nationally recognized rating service.

Other debt instruments, including, but not limited to, issues of or guaranteed
by banks or bank holding companies and corporations, which obligations, although
not rated by Moody's Investors Services, Inc. or Standard & Poor's Corporation
are deemed by Hartford's management to have an investment quality comparable to
securities which may be purchased as stated above.

While the foregoing generally describes our investment strategy with respect to
the proceeds attributable to the Contracts, we are not obligated to invest the
proceeds attributable to the Contract according to any particular strategy,
except as may be required by Connecticut and other state insurance laws.

AMENDMENT OF CONTRACTS

We may modify the Contract, but no modification will affect the amount or term
of any Contract unless a modification is required to conform the Contract to
applicable Federal or State law. No modification will affect the method by which
Contract Values are determined. We will notify you in writing of any
modifications.

ASSIGNMENT OF CONTRACTS

Ownership of this Contract is generally assignable. However, if the Contract is
issued to a tax qualified retirement plan, it is possible that the ownership of
the Contract may not be transferred or assigned. An assignment of a
Non-Qualified Contract may subject the Contract Values or Surrender Value to
income taxes and certain penalty taxes.

HOW CONTRACTS ARE SOLD -- We have entered into a distribution agreement with our
affiliate Hartford Securities Distribution Company, Inc. ("HSD") under which HSD
serves as the principal underwriter for the Contracts, which are offered on a
continuous basis. HSD is registered with the Securities and Exchange Commission
under the 1934 Act as a broker-dealer and is a member of Financial Industry
Regulatory Authority (FINRA). The principal business address of HSD is the same
as ours. PLANCO Financial Services, Inc., a subsidiary of Hartford Life
Insurance Company, provides marketing support for us. Woodbury Financial
Services, Inc. is another affiliated broker-dealer that sells this Contract.

HSD has entered into selling agreements with affiliated and unaffiliated
broker-dealers, and financial institutions ("Financial Intermediaries") for the
sale of the Contracts. We pay compensation to HSD for sales of the Contracts by
Financial Intermediaries. HSD, in its role as principal underwriter, did not
retain any underwriting commissions for the fiscal year ended December 31, 2007.
Contracts will be sold by individuals who have been appointed by us as insurance
agents and who are registered representatives of Financial Intermediaries
("Registered Representatives").

We list below types of arrangements that help to incentivize sales people to
sell our products. These types of arrangements could be viewed as creating
conflicts of interest.

Financial Intermediaries receive commissions (described below under
"Commissions"). Certain selected Financial Intermediaries also receive
additional compensation (described below under "Additional Payments"). All or a
portion of the payments we make to Financial Intermediaries may be passed on to
Registered Representatives according to a Financial Intermediaries' internal
compensation practices.

Affiliated broker-dealers also employ individuals called "wholesalers" in the
sales process. Wholesalers typically receive commissions based on the type of
Contract or optional benefits sold. Commissions are based on a specified amount
of Premium Payments or Contract Value.

COMMISSIONS

Up front commissions paid to Financial Intermediaries generally range from 1% to
up to 7% of each Premium Payment you pay for your Contract. We may pay a lower
commission for sales to people over age 80.

Commission arrangements vary from one Financial Intermediary to another. We are
not involved in determining your Registered Representative's compensation. Under
certain circumstances, your Registered Representative may be required to return
all or a portion of the commissions paid.

Check with your Registered Representative to verify whether your account is a
brokerage or an advisory account. Your interests may differ from ours and your
Registered Representative (or the Financial Intermediary with which they are
associated). Please ask questions to make sure you understand your rights and
any potential conflicts of interest. If you are an advisory client, your
Registered Representative (or the Financial Intermediary with which they are
associated) can be paid both by you and by us based on what you buy. Therefore,
profits, and your Registered Representative's (or their Financial
Intermediary's) compensation, may vary by product and over time. Contact an
appropriate person at your Financial Intermediary with whom you can discuss
these differences.

<Page>

16 HARTFORD LIFE INSURANCE COMPANY

- -------------------------------------------------------------------------------

ADDITIONAL PAYMENTS

Subject to FINRA and Financial Intermediary rules, we (or our affiliates) also
pay the following types of fees to among other things encourage the sale of this
Contract. These additional payments could create an incentive for your
Registered Representative, and the Financial Intermediary with which they are
associated, to recommend products that pay them more than others, which may not
necessarily be to your benefit.

<Table>
<Caption>
ADDITIONAL
PAYMENT TYPE WHAT IT'S USED FOR

- ---------------------------------------------------------------------------------------------------------------------------------
Access Access to Registered Representatives and/or Financial Intermediaries such as one-on-one
wholesaler visits or attendance at national sales meetings or similar events.
Gifts & Entertainment Occasional meals and entertainment, tickets to sporting events and other gifts.
Marketing Joint marketing campaigns and/or Financial Intermediary event advertising/ participation;
sponsorship of Financial Intermediary sales contests and/or promotions in which participants
(including Registered Representatives) receive prizes such as travel awards, merchandise and
recognition; client generation expenses.
Marketing Expense Allowances Pay Fund related parties for wholesaler support, training and marketing activities for certain
Funds.
Support Sales support through such things as providing hardware and software, operational and systems
integration, links to our website from a Financial Intermediary's websites; shareholder
services (including sub-accounting sponsorship of Financial Intermediary due diligence
meetings; and/or expense allowances and reimbursements.
Training Educational (due diligence), sales or training seminars, conferences and programs, sales and
service desk training, and/or client or prospect seminar sponsorships.
Visibility Inclusion of our products on a Financial Intermediary's "preferred list"; participation in, or
visibility at, national and regional conferences; and/or articles in Financial Intermediary
publications highlighting our products and services.
Volume Pay for the overall volume of their sales or the amount of money investing in our products.
</Table>

As of December 31, 2007, we have entered into ongoing contractual arrangements
to make Additional Payments to the following Financial Intermediaries for our
entire suite of variable annuities: A.G. Edwards & Sons, Inc., AIG Advisors
Group, Inc., (Advantage Capital, AIG Financial Advisors, American General, FSC
Securities Corporation, Royal Alliance Assoc., Inc.), Bancwest Investment
Services, Inc., Cadaret, Grant & Co., Inc., Capital Analyst Inc., Centaurus
Financial, Inc., Citigroup, Inc. (various divisions and affiliates), Comerica
Securities, Commonwealth Financial Network, Compass Brokerage, Inc., Crown
Capital Securities, L.P., Cuna Brokerage Services, Inc., Cuso Financial
Services, L.P., Edward D. Jones & Co., L.P., FFP Securities, Inc., First Allied
Securities, Inc., First Citizens Investor Services, First Montauk Securities
Corp., First Tennessee Bank, First Tennessee Brokerage, Inc., Frost Brokerage
Services, Inc., Great American Advisors, Inc., H. Beck, Inc., H.D. Vest
Investment Services (subsidiary of Wells Fargo & Company), Harbour Investments,
Inc., Heim & Young Securities, Huntington Investment Company, Independent
Financial Group LLC, Infinex Financial Group, ING Advisors Network, (Financial
Network Services (or Investment) Corp., ING Financial Partners, Multi-Financial
Securities, Primevest Financial Services, Inc.,), Investacorp, Inc. , Investment
Professionals, Inc., Investors Capital Corp., J.J.B. Hilliard, James T. Borello
& Co., Janney Montgomery Scott, Inc., Jefferson Pilot Securities Corporation,
Key Investment Services, LaSalle Financial Services, Inc., Lincoln Financial
Advisors Corp. (marketing name for Lincoln National Corp.), LPL Financial
Corporation, M&T Securities, Inc., Merrill Lynch Pierce Fenner & Smith, Morgan
Keegan & Company, Inc., Morgan Keegan FID Division, Morgan Stanley & Co., Inc.
(various divisions and affiliates), Mutual Service Corporation, NatCity
Investments, National Planning Holdings (Invest Financial Corp., Investment
Centers of America, Inc., National Planning Corp., SII Investments, Inc.),
Newbridge Securities Corp., NEXT Financial Group, Inc., NFP Securities, Inc.,
Pension Planners Securities, Inc., Prime Capital Services, Inc., Prospera
Financial Services, Inc., Raymond James & Associates, Inc., Raymond James FID
Division, Raymond James Financial Services, RBC Dain FID Division, RBC Dain
Rauscher Inc., RDM Investment Svcs Inc., Robert W. Baird & Co. Inc., Securities
America, Inc., Sigma Financial Corporation, Sorrento Pacific, Stifel Nicolaus &
Company, Incorporated, Summit Brokerage Services Inc., Sun Trust Bank, TFS
Securities, Inc., The Investment Center, Inc., Thurston, Springer, Miller, Herd
& Titak, Inc., Triad Advisors, Inc., U.S. Bancorp Investments, Inc., UBOC
Investment Services, Inc. (Union Bank of California, N.A.), UBS Financial
Services, Inc., Uvest Financial Services Group Inc., Vanderbilt Securities, LLC,
Wachovia Securities, LLC (various divisions), Walnut Street Securities, Inc.,
Wells Fargo Brokerage Services, L.L.C., WaMu Investments, Inc., Woodbury
Financial Services, Inc. (an affiliate of ours), XCU Capital Corporation, Inc.

Inclusion on this list does not imply that these sums necessarily constitute
"special cash compensation" as defined by FINRA Conduct Rule 2830(l)(4). We will
endeavor to update this listing

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HARTFORD LIFE INSURANCE COMPANY 17

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annually and interim arrangements may not be reflected. We assume no duty to
notify any investor whether their Registered Representative is or should be
included in any such listing.

As of December 31, 2007, we have entered into arrangements to pay Marketing
Expense Allowances to the following Fund Companies (or affiliated parties) for
our entire suite of variable annuities: AIM Advisors, Inc., AllianceBernstein
Variable Products Series Funds & Alliance Bernstein Investment Research and
Management, Inc., American Variable Insurance Series & Capital Research and
Management Company, Franklin Templeton Services, LLC, Oppenheimer Variable
Account Funds & Oppenheimer Funds Distributor, Inc., Putnam Retail Management
Limited Partnership. Marketing Expense Allowances may vary based on the form of
Contract sold and the age of the purchaser. We will endeavor to update this
listing annually and interim arrangements may not be reflected. We assume no
duty to notify you whether any Financial Intermediary is or should be included
in any such listing. You are encouraged to review the prospectus for each Fund
for any other compensation arrangements pertaining to the distribution of Fund
shares.

For the fiscal year ended December 31, 2007, Additional Payments did not in the
aggregate exceed approximately $66.4 million (excluding corporate-sponsorship
related perquisites and Marketing Expense Allowances) or approximately 0.06% of
average total individual variable annuity assets. Marketing Expense Allowances
for this period did not exceed $15.8 million or approximately 0.25% of the
Premium Payments invested in a particular Fund during this period.

FEDERAL TAX CONSIDERATIONS

What are some of the federal tax consequences which affect these Contracts?

A. INTRODUCTION

The following summary of tax rules does not provide or constitute any tax
advice. It provides only a general discussion of certain of the expected federal
income tax consequences with respect to amounts contributed to, invested in or
received from a Contract, based on our understanding of the existing provisions
of the Code, Treasury Regulations thereunder, and public interpretations thereof
by the IRS (e.g., Revenue Rulings, Revenue Procedures or Notices) or by
published court decisions. This summary discusses only certain federal income
tax consequences to United States Persons, and does not discuss state, local or
foreign tax consequences. The term United States Persons means citizens or
residents of the United States, domestic corporations, domestic partnerships,
trust or estates that are subject to United States federal income tax,
regardless of the source of their income. See "Annuity Purchases by Nonresident
Aliens and Foreign Corporations," regarding annuity purchases by non-U.S.
citizens or residents.

This summary has been prepared by us after consultation with tax counsel, but no
opinion of tax counsel has been obtained. We do not make any guarantee or
representation regarding any tax status (e.g., federal, state, local or foreign)
of any Contract or any transaction involving a Contract. In addition, there is
always a possibility that the tax treatment of an annuity contract could change
by legislation or other means (such as regulations, rulings or judicial
decisions). Moreover, it is always possible that any such change in tax
treatment could be made retroactive (that is, made effective prior to the date
of the change). Accordingly, you should consult a qualified tax adviser for
complete information and advice before purchasing a Contract.

In addition, this discussion does not address many of the tax consequences if
you use the Contract in various arrangements, including Charitable Remainder
Trusts, tax-qualified retirement arrangements, deferred compensation plans,
split-dollar insurance arrangements, or other employee benefit arrangements. The
tax consequences of any such arrangement may vary depending on the particular
facts and circumstances of each individual arrangement and whether the
arrangement satisfies certain tax qualification or classification requirements.
In addition, the tax rules affecting such an arrangement may have changed
recently, e.g., by legislation or regulations that affect compensatory or
employee benefit arrangements. Therefore, if you are contemplating the use of a
Contract in any arrangement the value of which to you depends in part on its tax
consequences, you should consult a qualified tax adviser regarding the tax
treatment of the proposed arrangement and of any Contract used in it.

THE DISCUSSION SET FORTH BELOW IS INCLUDED FOR GENERAL PURPOSES ONLY. SPECIAL
TAX RULES MAY APPLY WITH RESPECT TO CERTAIN SITUATIONS THAT ARE NOT DISCUSSED
HEREIN. EACH POTENTIAL PURCHASER OF A CONTRACT IS ADVISED TO CONSULT WITH A
QUALIFIED TAX ADVISER AS TO THE CONSEQUENCES OF ANY AMOUNTS INVESTED IN A
CONTRACT UNDER APPLICABLE FEDERAL, STATE, LOCAL OR FOREIGN TAX LAW.

B. TAXATION OF HARTFORD

Hartford is taxed as a life insurance company under Subchapter L of Chapter 1 of
the Code. The assets underlying the Contracts will be owned by Hartford. The
income earned on such assets will be Hartford's income.

C. TAXATION OF ANNUITIES -- GENERAL PROVISIONS AFFECTING CONTRACTS NOT HELD IN
TAX-QUALIFIED RETIREMENT PLANS

Section 72 of the Code governs the taxation of annuities in general.

1. NON-NATURAL PERSONS AS OWNERS

Pursuant to Code Section 72(u), an annuity contract held by a taxpayer other
than a natural person generally is not treated as an annuity contract under the
Code. Instead, such a non-natural Contract Owner generally could be required to
include in gross

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18 HARTFORD LIFE INSURANCE COMPANY

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income currently for each taxable year the excess of (a) the sum of the Contract
Value as of the close of the taxable year and all previous distributions under
the Contract over (b) the sum of net premiums paid for the taxable year and any
prior taxable year and the amount includable in gross income for any prior
taxable year with respect to the Contract under Section 72(u). However, Section
72(u) does not apply to:

- - A contract the nominal owner of which is a non-natural person but the
beneficial owner of which is a natural person (e.g., where the non-natural
owner holds the contract as an agent for the natural person),

- - A contract acquired by the estate of a decedent by reason of such decedent's
death,

- - Certain contracts acquired with respect to tax-qualified retirement
arrangements,

- - Certain contracts held in structured settlement arrangements that may
qualify under Code Section 130, or

- - A single premium immediate annuity contract under Code Section 72(u)(4),
which provides for substantially equal periodic payments and an annuity
starting date that is no later than 1 year from the date of the contract's
purchase.

A non-natural Contract Owner that is a tax-exempt entity for federal tax
purposes (e.g., a tax-qualified retirement trust or a Charitable Remainder
Trust) generally would not be subject to federal income tax as a result of such
current gross income under Code Section 72(u). However, such a tax-exempt
entity, or any annuity contract that it holds, may need to satisfy certain tax
requirements in order to maintain its qualification for such favorable tax
treatment. See, e.g., IRS Tech. Adv. Memo. 9825001 for certain Charitable
Remainder Trusts.

Pursuant to Code Section 72(s), if the Contract Owner is a non-natural person,
the primary annuitant is treated as the "holder" in applying the required
distribution rules described below. These rules require that certain
distributions be made upon the death of a "holder." In addition, for a
non-natural owner, a change in the primary annuitant is treated as the death of
the "holder." However, the provisions of Code Section 72(s) do not apply to
certain contracts held in tax-qualified retirement arrangements or structured
settlement arrangements.

2. OTHER CONTRACT OWNERS (NATURAL PERSONS).

A Contract Owner is not taxed on increases in the value of the Contract until an
amount is received or deemed received, e.g., in the form of a lump sum payment
(full or partial value of a Contract) or as Annuity payments under the
settlement option elected.

Except as provided below, upon the death of the Contract Owner prior to the
Annuity Commencement Date, if the designated beneficiary is the surviving spouse
of the Contract Owner; (a) or the civil union partner of the Contract Owner in a
civil union established under applicable state law (or any law succeeding or
replacing such statute(s)); or (b) the civil union partner or member of a
similar same sex relationship under the law of any state; and the Annuitant or
Joint Annuitant, if any, is alive, then such designated beneficiary may continue
the Contract as the succeeding Contract Owner. The right of the designated
beneficiary (as spouse or civil union partner) to continue the Contract is
contingent upon the treatment of the designated beneficiary as the "holder" of
the Contract in accordance with the provisions of section 72(s)(3) of the Code
(which under current tax law is limited to different sex spouses). In the event
that the designated beneficiary continues the Contract, the distribution
requirements of Code section 72(s) will only arise upon the death of such
designated beneficiary, unless the designated beneficiary elects not to continue
the Contract. If the designated beneficiary is not treated as the "holder" under
section 72(s)(3) of the Code (as is the case under current federal tax law for a
civil union partner), the distribution requirements of Code section 72(s)(1) and
(2) outlined above shall apply at the time of the Contract Owner's death and the
entire interest in the Contract must be distributed within five years of the
Contract Owner's death or under the Alternative Election. Contract continuation
under this provision may take effect only once with respect to this Contract.

The provisions of Section 72 of the Code concerning distributions are summarized
briefly below. Also summarized are special rules affecting distributions from
Contracts obtained in a tax-free exchange for other annuity contracts or life
insurance contracts which were purchased prior to August 14, 1982.

a. DISTRIBUTIONS PRIOR TO THE ANNUITY COMMENCEMENT DATE.

i. Total premium payments less amounts received which were not includable in
gross income equal the "investment in the contract" under Section 72 of the
Code.

ii. To the extent that the value of the Contract (ignoring any surrender
charges except on a full surrender) exceeds the "investment in the
contract," such excess constitutes the "income on the contract." It is
unclear what value should be used in determining the "income on the
contract." We believe that the current Contract Value (determined without
regard to surrender charges) generally is an appropriate measure. However,
in some instances the IRS could take the position that the value should be
the current Contract Value (determined without regard to surrender charges)
increased by some measure of the value of certain future cash-value type
benefits.

iii. Any amount received or deemed received prior to the Annuity Commencement
Date (e.g., upon a withdrawal or partial surrender) is deemed to come
first from any such "income on the contract" and then from "investment in
the contract," and for these purposes such "income on the contract" shall
be computed by reference to any aggregation rule in subparagraph 2.c.
below. As a result, any such amount received or deemed received (1) shall
be includable in gross income to the

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HARTFORD LIFE INSURANCE COMPANY 19

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extent that such amount does not exceed any such "income on the contract,"
and (2) shall not be includable in gross income to the extent that such
amount does exceed any such "income on the contract." If at the time that
any amount is received or deemed received there is no "income on the
contract" (e.g., because the gross value of the Contract does not exceed
the "investment in the contract" and no aggregation rule applies), then
such amount received or deemed received will not be includable in gross
income, and will simply reduce the "investment in the contract."

iv. The receipt of any amount as a loan under the Contract or the assignment or
pledge of any portion of the value of the Contract shall be treated as an
amount received for purposes of this subparagraph a. and the next
subparagraph b.

v. In general, the transfer of the Contract, without full and adequate
consideration, will be treated as an amount received for purposes of this
subparagraph a. and the next subparagraph b. This transfer rule does not
apply, however, to certain transfers of property between spouses or
incident to divorce.

b. DISTRIBUTIONS AFTER ANNUITY COMMENCEMENT DATE.

Annuity payments made periodically after the Annuity Commencement Date are
includable in gross income to the extent the payments exceed the amount
determined by the application of the ratio of the "investment in the contract"
to the total amount of the payments to be made after the Annuity Commencement
Date (the "exclusion ratio").

i. When the total of amounts excluded from income by application of the
exclusion ratio is equal to the investment in the contract as of the
Annuity Commencement Date, any additional payments (including surrenders)
will be entirely includable in gross income.

ii. If the annuity payments cease by reason of the death of the Annuitant and,
as of the date of death, the amount of annuity payments excluded from gross
income by the exclusion ratio does not exceed the investment in the
contract as of the Annuity Commencement Date, then the remaining portion of
unrecovered investment shall be allowed as a deduction for the last taxable
year of the Annuitant.

iii. Generally, nonperiodic amounts received or deemed received after the
Annuity Commencement Date are not entitled to any exclusion ratio and
shall be fully includable in gross income. However, upon a full surrender
after such date, only the excess of the amount received (after any
surrender charge) over the remaining "investment in the contract" shall be
includable in gross income (except to the extent that the aggregation rule
referred to in the next subparagraph c. may apply).

c. AGGREGATION OF TWO OR MORE ANNUITY CONTRACTS.

Contracts issued after October 21, 1988 by the same insurer (or affiliated
insurer) to the same owner within the same calendar year (other than certain
contracts held in connection with tax-qualified retirement arrangements) will be
aggregated and treated as one annuity contract for the purpose of determining
the taxation of distributions prior to the Annuity Commencement Date. An annuity
contract received in a tax-free exchange for another annuity contract or life
insurance contract may be treated as a new contract for this purpose. We believe
that for any Contracts subject to such aggregation, the values under the
Contracts and the investment in the contracts will be added together to
determine the taxation under subparagraph 2.a., above, of amounts received or
deemed received prior to the Annuity Commencement Date. Withdrawals will be
treated first as withdrawals of income until all of the income from all such
Contracts is withdrawn. In addition, the Treasury Department has specific
authority under the aggregation rules in Code Section 72(e)(12) to issue
regulations to prevent the avoidance of the income-out-first rules for
non-periodic distributions through the serial purchase of annuity contracts or
otherwise. As of the date of this prospectus, there are no regulations
interpreting these aggregation provisions.

d. 10% PENALTY TAX -- APPLICABLE TO CERTAIN WITHDRAWALS AND ANNUITY
PAYMENTS.

i. If any amount is received or deemed received on the Contract (before or
after the Annuity Commencement Date), the Code applies a penalty tax equal
to ten percent of the portion of the amount includable in gross income,
unless an exception applies.

ii. The 10% penalty tax will not apply to the following distributions:

1. Distributions made on or after the date the recipient has attained
the age of 59 1/2.

2. Distributions made on or after the death of the holder or where the
holder is not an individual, the death of the primary annuitant.

3. Distributions attributable to a recipient's becoming disabled.

4. A distribution that is part of a scheduled series of substantially
equal periodic payments (not less frequently than annually) for the
life (or life expectancy) of the recipient (or the joint lives or
life expectancies of the recipient and the recipient's designated
Beneficiary).

5. Distributions made under certain annuities issued in connection
with structured settlement agreements.

6. Distributions of amounts which are allocable to the "investment in
the contract" prior to August 14, 1982 (see next subparagraph e.).

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20 HARTFORD LIFE INSURANCE COMPANY

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7. Distributions purchased by an employer upon termination of certain
qualified plans and held by the employer until the employee
separates from service.

If the taxpayer avoids this 10% penalty tax by qualifying for the substantially
equal periodic payments exception and later such series of payments is modified
(other than by death or disability), the 10% penalty tax will be applied
retroactively to all the prior periodic payments (i.e., penalty tax plus
interest thereon), unless such modification is made after both (a) the taxpayer
has reached age 59 1/2 and (b) 5 years have elapsed since the first of these
periodic payments.

e. SPECIAL PROVISIONS AFFECTING CONTRACTS OBTAINED THROUGH A TAX-FREE
EXCHANGE OF OTHER ANNUITY OR LIFE INSURANCE CONTRACTS PURCHASED
PRIOR TO AUGUST 14, 1982.

If the Contract was obtained by a tax-free exchange of a life insurance or
annuity Contract purchased prior to August 14, 1982, then any amount received or
deemed received prior to the Annuity Commencement Date shall be deemed to come
(1) first from the amount of the "investment in the contract" prior to August
14, 1982 ("pre-8/14/82 investment") carried over from the prior Contract, (2)
then from the portion of the "income on the contract" (carried over to, as well
as accumulating in, the successor Contract) that is attributable to such
pre-8/14/82 investment, (3) then from the remaining "income on the contract" and
(4) last from the remaining "investment in the contract." As a result, to the
extent that such amount received or deemed received does not exceed such
pre-8/14/82 investment, such amount is not includable in gross income. In
addition, to the extent that such amount received or deemed received does not
exceed the sum of (a) such pre-8/14/82 investment and (b) the "income on the
contract" attributable thereto, such amount is not subject to the 10% penalty
tax. In all other respects, amounts received or deemed received from such
post-exchange Contracts are generally subject to the rules described in this
subparagraph e.

f. REQUIRED DISTRIBUTIONS.

i. Death of Contract Owner of Primary Annuitant

Subject to the alternative election or spouse beneficiary provisions in ii
or iii below:

1. If any Contract Owner dies on or after the Annuity Commencement
Date and before the entire interest in the Contract has been
distributed, the remaining portion of such interest shall be
distributed at least as rapidly as under the method of distribution
being used as of the date of such death;

2. If any Contract Owner dies before the Annuity Commencement Date,
the entire interest in the Contract shall be distributed within 5
years after such death; and

3. If the Contract Owner is not an individual, then for purposes of 1.
or 2. above, the primary annuitant under the Contract shall be
treated as the Contract Owner, and any change in the primary
annuitant shall be treated as the death of the Contract Owner. The
primary annuitant is the individual, the events in the life of whom
are of primary importance in affecting the timing or amount of the
payout under the Contract.

ii. Alternative Election to Satisfy Distribution Requirements

If any portion of the interest of a Contract Owner described in i. above
is payable to or for the benefit of a designated beneficiary, such
beneficiary may elect to have the portion distributed over a period that
does not extend beyond the life or life expectancy of the beneficiary.
Such distributions must begin within a year of the Contract Owner's death.

iii. Spouse Beneficiary

If any portion of the interest of a Contract Owner is payable to or for
the benefit of his or her spouse, and the Annuitant or Contingent
Annuitant is living, such spouse shall be treated as the Contract Owner of
such portion for purposes of section i. above. This spousal contract
continuation shall apply only once for this contract.

g. ADDITION OF RIDER OR MATERIAL CHANGE

The addition of a rider to the Contract, or a material change in the Contract's
provisions, could cause it to be considered newly issued or entered into for tax
purposes, and thus could cause the Contract to lose certain grandfathered tax
status. Please contact your tax adviser for more information.

h. PARTIAL EXCHANGES

The IRS in Rev. Rul. 2003-76 has confirmed that the owner of an annuity contract
can direct its insurer to transfer a portion of the contract's cash value
directly to another annuity contract (issued by the same insurer or by a
different insurer), and such a direct transfer can qualify for tax-free exchange
treatment under Code Section 1035 (a "partial exchange"). However, Rev. Rul.
2003-76 also refers to caveats and additional guidance in the companion Notice
2003-51, which discusses cases in which a partial exchange is followed by a
surrender, withdrawal or other distribution from either the old contract or the
new contract. Notice 2003-51 specifically indicates that the IRS is considering
(1) under what circumstances it should treat a partial exchange followed by such
a distribution within 24 months as presumptively for "tax avoidance" purposes
(e.g., to avoid the income-out-first rules on amounts received under Code
Section 72) and (2) what circumstances it should treat as rebutting such a
presumption (e.g., death, disability, reaching age 59 1/2, divorce or loss of
employment). Accordingly, we advise you to consult with a qualified tax adviser
as to potential tax consequences before attempting any partial exchange.

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HARTFORD LIFE INSURANCE COMPANY 21

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D. FEDERAL INCOME TAX WITHHOLDING

The portion of an amount received under a Contract that is taxable gross income
to the recipient is also subject to federal income tax withholding, pursuant to
Code Section 3405, which requires the following:

1. Non-Periodic Distributions. The portion of a non-periodic
distribution that is includable in gross income is subject to
federal income tax withholding unless the recipient elects not to
have such tax withheld ("election out"). We will provide such an
"election out" form at the time such a distribution is requested.
If the necessary "election out" forms are not submitted to us in a
timely manner, we are required to withhold 10 percent of the
includable amount of distribution and remit it to the IRS.

2. Periodic Distributions (payable over a period greater than one
year). The portion of a periodic distribution that is includable in
gross income is subject to federal income tax withholding as if the
recipient were married claiming 3 exemptions, unless the recipient
elects otherwise. A recipient may elect out of such withholding, or
elect to have income tax withheld at a different rate, by providing
a completed election form. We will provide such an election form at
the time such a distribution is requested. If the necessary
"election out" forms are not submitted to us in a timely manner, we
are required to withhold tax as if the recipient were married
claiming 3 exemptions, and remit the tax to the IRS.

Generally, no "election out" is permitted if the distribution is delivered
outside the United States and any possession of the United States. Regardless of
any "election out" (or any amount of tax actually withheld) on an amount
received from a Contract, the recipient is generally liable for any failure to
pay the full amount of tax due on the includable portion of such amount
received. You also may be required to pay penalties under the estimated income
tax rules, if your withholding and estimated tax payments are insufficient to
satisfy your total tax liability.

E. GENERAL PROVISIONS AFFECTING QUALIFIED RETIREMENT PLANS

The Contract may be used for a number of qualified retirement plans. If the
Contract is being purchased with respect to some form of qualified retirement
plan, please refer to Appendix I for information relative to the types of plans
for which it may be used and the general explanation of the tax features of such
plans.

F. ANNUNITY PURCHASES BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS

The discussion above provides general information regarding U.S. federal income
tax consequences to annuity purchasers that are U.S. citizens or residents.
Purchasers that are not U.S. citizens or residents will generally be subject to
U.S. federal income tax and withholding on taxable annuity distributions at a
30% rate, unless a lower treaty rate applies and any required tax forms are
submitted to us. If withholding tax applies, we are required to withhold tax at
a 30% rate, or a lower treaty rate if applicable, and remit it to the IRS. In
addition, purchasers may be subject to state premium tax, other state and/or
municipal taxes, and taxes that may be imposed by the purchaser's country of
citizenship or residence.

G. ESTATE, GIFT AND GENERATION-SKIPPING TAX AND RELATED TAX CONSIDERATIONS

Any amount payable upon a Contract Owner's death, whether before or after the
Annuity Commencement Date, is generally includable in the Contract Owner's
estate for federal estate tax purposes. Similarly, prior to the Contract Owner's
death, the payment of any amount from the Contract, or the transfer of any
interest in the Contract, to a beneficiary or other person for less than
adequate consideration may have federal gift tax consequences. In addition, any
transfer to, or designation of, a non-spouse beneficiary who either is (1) 37
1/2 or more years younger than a Contract Owner or (2) a grandchild (or more
remote further descendent) of a Contract Owner may have federal
generation-skipping-transfer ("GST") tax consequences under Code Section 2601.
Regulations under Code Section 2662 may require us to deduct any such GST tax
from your Contract, or from any applicable payment, and pay it directly to the
IRS. However, any federal estate, gift or GST tax payment with respect to a
Contract could produce an offsetting income tax deduction for a beneficiary or
transferee under Code Section 691(c) (partially offsetting such federal estate
or GST tax) or a basis increase for a beneficiary or transferee under Code
Section 691(c) or Section 1015(d). In addition, as indicated above in
"Distributions Prior to the Annuity Commencement Date," the transfer of a
Contract for less than adequate consideration during the Contract Owner's
lifetime generally is treated as producing an amount received by such Contract
Owner that is subject to both income tax and the 10% penalty tax. To the extent
that such an amount deemed received causes an amount to be includable currently
in such Contract Owner's gross income, this same income amount could produce a
corresponding increase in such Contract Owner's tax basis for such Contract that
is carried over to the transferee's tax basis for such Contract under Code
Section 72(e)(4)(C)(iii) and Section 1015.

INFORMATION REGARDING TAX-QUALIFIED RETIREMENT PLANS

This summary does not attempt to provide more than general information about the
federal income tax rules associated with use of a Contract by a tax-qualified
retirement plan. State income tax rules applicable to tax-qualified retirement
plans often differ from federal income tax rules, and this summary does not
describe any of these differences. Because of the complexity of the tax rules,
owners, participants and beneficiaries are encouraged to consult their own tax
advisors as to specific tax consequences.

The Contracts are available to a variety of tax-qualified retirement plans and
arrangements (a "Qualified Plan" or "Plan"). Tax restrictions and consequences
for Contracts or accounts

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22 HARTFORD LIFE INSURANCE COMPANY

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under each type of Qualified Plan differ from each other and from those for
Non-Qualified Contracts. In addition, individual Qualified Plans may have terms
and conditions that impose additional rules. Therefore, no attempt is made
herein to provide more than general information about the use of the Contract
with the various types of Qualified Plans. Participants under such Qualified
Plans, as well as Contract Owners, annuitants and beneficiaries, are cautioned
that the rights of any person to any benefits under such Qualified Plans may be
subject to terms and conditions of the Plans themselves or limited by applicable
law, regardless of the terms and conditions of the Contract issued in connection
therewith. Qualified Plans generally provide for the tax deferral of income
regardless of whether the Qualified Plan invests in an annuity or other
investment. You should consider if the Contract is a suitable investment if you
are investing through a Qualified Plan.

THE FOLLOWING IS ONLY A GENERAL DISCUSSION ABOUT TYPES OF QUALIFIED PLANS FOR
WHICH THE CONTRACTS MAY BE AVAILABLE. WE ARE NOT THE PLAN ADMINISTRATOR FOR ANY
QUALIFIED PLAN. THE PLAN ADMINISTRATOR OR CUSTODIAN, WHICHEVER IS APPLICABLE,
(BUT NOT US) IS RESPONSIBLE FOR ALL PLAN ADMINISTRATIVE DUTIES INCLUDING, BUT
NOT LIMITED TO, NOTIFICATION OF DISTRIBUTION OPTIONS, DISBURSEMENT OF PLAN
BENEFITS, HANDLING ANY PROCESSING AND ADMINISTRATION OF QUALIFIED PLAN LOANS,
COMPLIANCE REGULATORY REQUIREMENTS AND FEDERAL AND STATE TAX REPORTING OF
INCOME/DISTRIBUTIONS FROM THE PLAN TO PLAN PARTICIPANTS AND, IF APPLICABLE,
BENEFICIARIES OF PLAN PARTICIPANTS AND IRA CONTRIBUTIONS FROM PLAN PARTICIPANTS.
OUR ADMINISTRATIVE DUTIES ARE LIMITED TO ADMINISTRATION OF THE CONTRACT AND ANY
DISBURSEMENTS OF ANY CONTRACT BENEFITS TO THE OWNER, ANNUITANT OR BENEFICIARY OF
THE CONTRACT, AS APPLICABLE. OUR TAX REPORTING RESPONSIBILITY IS LIMITED TO
FEDERAL AND STATE TAX REPORTING OF INCOME/DISTRIBUTIONS TO THE APPLICABLE PAYEE
AND IRA CONTRIBUTIONS FROM THE OWNER OF A CONTRACT, AS RECORDED ON OUR BOOKS AND
RECORDS. IF YOU ARE PURCHASING A QUALIFIED CONTRACT, YOU SHOULD CONSULT WITH
YOUR PLAN ADMINISTRATOR AND/OR A QUALIFIED TAX ADVISER. YOU ALSO SHOULD CONSULT
WITH A QUALIFIED TAX ADVISER AND/OR PLAN ADMINISTRATOR BEFORE YOU WITHDRAW ANY
PORTION OF YOUR CONTRACT VALUE.

The tax rules applicable to Qualified Contracts and Qualified Plans, including
restrictions on contributions and distributions, taxation of distributions and
tax penalties, vary according to the type of Qualified Plan, as well as the
terms and conditions of the Plan itself. Various tax penalties may apply to
contributions in excess of specified limits, plan distributions (including
loans) that do not comply with specified limits, and certain other transactions
relating to such Plans. Accordingly, this summary provides only general
information about the tax rules associated with use of a Qualified Contract in
such a Qualified Plan. In addition, some Qualified Plans are subject to
distribution and other requirements that are not incorporated into our
administrative procedures. Owners, participants, and beneficiaries are
responsible for determining that contributions, distributions and other
transactions comply with applicable tax (and non-tax) law. Because of the
complexity of these rules, Owners, participants and beneficiaries are advised to
consult with a qualified tax adviser as to specific tax consequences.

We do not currently offer the Contracts in connection with all of the types of
Qualified Plans discussed below, and may not offer the Contracts for all types
of Qualified Plans in the future.

1. INDIVIDUAL RETIREMENT ANNUITIES ("IRAS").

In addition to "traditional" IRAs governed by Code Sections 408(a) and (b)
("Traditional IRAs"), there are Roth IRAs governed by Code Section 408A, SEP
IRAs governed by Code Section 408(k), and SIMPLE IRAs governed by Code Section
408(p). Also, Qualified Plans under Code Section 401, 403(b) or 457(b) that
include after-tax employee contributions may be treated as deemed IRAs subject
to the same rules and limitations as Traditional IRAs. Contributions to each of
these types of IRAs are subject to differing limitations. The following is a
very general description of each type of IRA for which a Contract is available.

a. TRADITIONAL IRAS

Traditional IRAs are subject to limits on the amounts that may be contributed
each year, the persons who may be eligible, and the time when minimum
distributions must begin. Depending upon the circumstances of the individual,
contributions to a Traditional IRA may be made on a deductible or non-deductible
basis. Failure to make required minimum distributions ("RMDs") when the Owner
reaches age 70 1/2 or dies, as described below, may result in imposition of a
50% penalty tax on any excess of the RMD amount over the amount actually
distributed. In addition, any amount received before the Owner reaches age 59
1/2 or dies is subject to a 10% penalty tax on premature distributions, unless a
special exception applies, as described below. Under Code Section 408(e), an IRA
may not be used for borrowing (or as security for any loan) or in certain
prohibited transactions, and such a transaction could lead to the complete tax
disqualification of an IRA.

You (or your surviving spouse if you die) may rollover funds tax-free from
certain existing Qualified Plans (such as proceeds from existing insurance
contracts, annuity contracts or securities) into a Traditional IRA under certain
circumstances, as indicated below. However, mandatory tax withholding of 20% may
apply to any eligible rollover distribution from certain types of Qualified
Plans if the distribution is not transferred directly to the Traditional IRA. In
addition, under Code Section 402(c)(11) a non-spouse "designated beneficiary" of
a deceased Plan participant may make a tax-free "direct rollover" (in the form
of a direct transfer between Plan fiduciaries, as described below in "Rollover
Distributions") from certain Qualified Plans to a Traditional IRA for such
beneficiary, but such Traditional IRA must be designated and treated as an
"inherited IRA" that remains subject to applicable RMD rules (as if such IRA had
been inherited from the deceased Plan participant). In addition, such a Plan is
not required to permit such a rollover.

IRAs generally may not invest in life insurance contracts. However, an annuity
contract that is used as an IRA may provide a death benefit that equals the
greater of the premiums paid or the contract's cash value. The Contract offers
an enhanced death benefit that may exceed the greater of the Contract

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HARTFORD LIFE INSURANCE COMPANY 23

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Value or total premium payments. The tax rules are unclear as to what extent an
IRA can provide a death benefit that exceeds the greater of the IRA's cash value
or the sum of the premiums paid and other contributions into the IRA. Please
note that the IRA rider for the Contract has provisions that are designed to
maintain the Contract's tax qualification as an IRA, and therefore could limit
certain benefits under the Contract (including endorsement, rider or option
benefits) to maintain the Contract's tax qualification.

b. SEP IRAS

Code Section 408(k) provides for a Traditional IRA in the form of an
employer-sponsored defined contribution plan known as a Simplified Employee
Pension ("SEP") or a SEP IRA. A SEP IRA can have employer, employee and salary
reduction contributions, as well as higher overall contribution limits than a
Traditional IRA, but a SEP is also subject to special tax-qualification
requirements (e.g., on participation, nondiscrimination and withdrawals) and
sanctions. Otherwise, a SEP IRA is generally subject to the same tax rules as
for a Traditional IRA, which are described above. Please note that the IRA rider
for the Contract has provisions that are designed to maintain the Contract's tax
qualification as an IRA, and therefore could limit certain benefits under the
Contract (including endorsement, rider or option benefits) to maintain the
Contract's tax qualification.

c. SIMPLE IRAS

The Savings Incentive Match Plan for Employees of small employers ("SIMPLE
Plan") is a form of an employer-sponsored Qualified Plan that provides IRA
benefits for the participating employees ("SIMPLE IRAs"). Depending upon the
SIMPLE Plan, employers may make plan contributions into a SIMPLE IRA established
by each eligible participant. Like a Traditional IRA, a SIMPLE IRA is subject to
the 50% penalty tax for failure to make a full RMD, and to the 10% penalty tax
on premature distributions, as described below. In addition, the 10% penalty tax
is increased to 25% for amounts received during the 2-year period beginning on
the date you first participated in a qualified salary reduction arrangement
pursuant to a SIMPLE Plan maintained by your employer under Code Section
408(p)(2). Contributions to a SIMPLE IRA may be either salary deferral
contributions or employer contributions, and these are subject to different tax
limits from those for a Traditional IRA. Please note that the SIMPLE IRA rider
for the Contract has provisions that are designed to maintain the Contract's tax
qualification as an SIMPLE IRA, and therefore could limit certain benefits under
the Contract (including endorsement, rider or option benefits) to maintain the
Contract's tax qualification.

A SIMPLE Plan may designate a single financial institution (a Designated
Financial Institution) as the initial trustee, custodian or issuer (in the case
of an annuity contract) of the SIMPLE IRA set up for each eligible participant.
However, any such Plan also must allow each eligible participant to have the
balance in his SIMPLE IRA held by the Designated Financial Institution
transferred without cost or penalty to a SIMPLE IRA maintained by a different
financial institution. Absent a Designated Financial Institution, each eligible
participant must select the financial institution to hold his SIMPLE IRA, and
notify his employer of this selection.

If we do not serve as the Designated Financial Institution for your employer's
SIMPLE Plan, for you to use one of our Contracts as a SIMPLE IRA, you need to
provide your employer with appropriate notification of such a selection under
the SIMPLE Plan. If you choose, you may arrange for a qualifying transfer of any
amounts currently held in another SIMPLE IRA for your benefit to your SIMPLE IRA
with us.

d. ROTH IRAS

Code Section 408A permits eligible individuals to establish a Roth IRA.
Contributions to a Roth IRA are not deductible, but withdrawals of amounts
contributed and the earnings thereon that meet certain requirements are not
subject to federal income tax. In general, Roth IRAs are subject to limitations
on the amounts that may be contributed by the persons who may be eligible to
contribute, certain Traditional IRA restrictions, and certain RMD rules on the
death of the Contract Owner. Unlike a Traditional IRA, Roth IRAs are not subject
to RMD rules during the Contract Owner's lifetime. Generally, however, upon the
Owner's death the amount remaining in a Roth IRA must be distributed by the end
of the fifth year after such death or distributed over the life expectancy of a
designated beneficiary. The Owner of a Traditional IRA may convert a Traditional
IRA into a Roth IRA under certain circumstances. The conversion of a Traditional
IRA to a Roth IRA will subject the fair market value of the converted
Traditional IRA to federal income tax. In addition to the amount held in the
converted Traditional IRA, the fair market value may include the value of
additional benefits provided by the annuity contract on the date of conversion,
based on reasonable actuarial assumptions. Tax-free rollovers from a Roth IRA
can be made only to another Roth IRA under limited circumstances, as indicated
below. After 2007, distributions from eligible Qualified Plans can be "rolled
over" directly (subject to tax) into a Roth IRA under certain circumstances.
Anyone considering the purchase of a Qualified Contract as a Roth IRA or a
"conversion" Roth IRA should consult with a qualified tax adviser. Please note
that the Roth IRA rider for the Contract has provisions that are designed to
maintain the Contract's tax qualification as a Roth IRA, and therefore could
limit certain benefits under the Contract (including endorsement, rider or
option benefits) to maintain the Contract's tax qualification.

2. QUALIFIED PENSION OR PROFIT-SHARING PLAN OR SECTION 401(k) PLAN

Provisions of the Code permit eligible employers to establish a tax-qualified
pension or profit sharing plan (described in Section 401(a), and Section 401(k)
if applicable, and exempt from taxation under Section 501(a)). Such a Plan is
subject to limitations on the amounts that may be contributed, the persons who
may be eligible to participate, the amounts of "incidental" death benefits, and
the time when RMDs must commence. In addition, a Plan's provision of incidental
benefits may result in currently taxable income to the participant for some or
all of

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24 HARTFORD LIFE INSURANCE COMPANY

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such benefits. Amounts may be rolled over tax-free from a Qualified Plan to
another Qualified Plan under certain circumstances, as described below. Anyone
considering the use of a Qualified Contract in connection with such a Qualified
Plan should seek competent tax and other legal advice.

In particular, please note that these tax rules provide for limits on death
benefits provided by a Qualified Plan (to keep such death benefits "incidental"
to qualified retirement benefits), and a Qualified Plan (or a Qualified
Contract) often contains provisions that effectively limit such death benefits
to preserve the tax qualification of the Qualified Plan (or Qualified Contract).
In addition, various tax-qualification rules for Qualified Plans specifically
limit increases in benefits once RMDs begin, and Qualified Contracts are subject
to such limits. As a result, the amounts of certain benefits that can be
provided by any option under a Qualified Contract may be limited by the
provisions of the Qualified Contract or governing Qualified Plan that are
designed to preserve its tax qualification.

3. TAX SHELTERED ANNUITY UNDER SECTION 403(b) ("TSA")

Code Section 403(b) permits public school employees and employees of certain
types of charitable, educational and scientific organizations described in Code
Section 501(c)(3) to purchase a "tax-sheltered annuity" ("TSA") contract and,
subject to certain limitations, exclude employer contributions to a TSA from
such an employee's gross income. Generally, total contributions may not exceed
the lesser of an annual dollar limit (e.g., $46,000 in 2008) or 100% of the
employee's "includable compensation" for the most recent full year of service,
subject to other adjustments. The general annual elective deferral limit for a
TSA participant after 2005 is $15,000. In addition, for years after 2006 this
$15,000 limit will be indexed for cost-of-living adjustments under Code Section
402(g)(4) at $500 increments. For any such participant age 50 or older, the
contribution limit after 2005 generally is increased by an additional $5,000
under Code Section 414(v). For years after 2006 this "over-50 catch-up" $5,000
limit also will be indexed for cost-of-living adjustments under Code Section
414(v)(2)(C) at $500 increments. Special provisions may allow certain employees
different overall limitations.

A TSA is subject to a prohibition against distributions from the TSA
attributable to contributions made pursuant to a salary reduction agreement,
unless such distribution is made:

a. after the employee reaches age 59 1/2;

b. upon the employee's separation from service;

c. upon the employee's death or disability;

d. in the case of hardship (and in the case of hardship, any income
attributable to such contributions may not be distributed); or

e. as a qualified reservist distribution upon certain calls to active
duty.

Please note that the TSA rider for the Contract has provisions that are designed
to maintain the Contract's tax qualification as a TSA, and therefore could limit
certain benefits under the Contract (including endorsement, rider or option
benefits) to maintain the Contract's tax qualification. In particular, please
note that tax rules provide for limits on death benefits provided by a Qualified
Plan (to keep such death benefits "incidental" to qualified retirement
benefits), and a Qualified Plan (or a Qualified Contract) often contains
provisions that effectively limit such death benefits to preserve the tax
qualification of the Qualified Plan (or Qualified Contract). In addition,
various tax-qualification rules for Qualified Plans specifically limit increases
in benefits once RMDs begin, and Qualified Contracts are subject to such limits.
As a result, the amounts of certain benefits that can be provided by any option
under a Qualified Contract may be limited by the provisions of the Qualified
Contract or governing Qualified Plan that are designed to preserve its tax
qualification. In addition, a life insurance contract issued after September 23,
2007 is generally ineligible to qualify as a TSA under Reg. Section
1.403(b)-8(c)(2).

Amounts may be rolled over tax-free from a TSA to another TSA or Qualified Plan
(or from a Qualified Plan to a TSA) under certain circumstances, as described
below. However, effective for TSA contract exchanges after September 24, 2007,
Reg. ' 1.403(b)-10(b) allows a TSA contract of a participant or beneficiary
under a TSA Plan to be exchanged tax-free for another eligible TSA contract
under that same TSA Plan, but only if all of the following conditions are
satisfied: (1) such TSA Plan allows such an exchange, (2) the participant or
beneficiary has an accumulated benefit after such exchange that is no less than
such participant's or beneficiary's accumulated benefit immediately before such
exchange (taking into account such participant's or beneficiary's accumulated
benefit under both TSA contracts immediately before such exchange), (3) the
second TSA contract is subject to distribution restrictions with respect to the
participant that are no less stringent than those imposed on the TSA contract
being exchanged, and (4) the employer for such TSA Plan enters into an agreement
with the issuer of the second TSA contract under which such issuer and employer
will provide each other from time to time with certain information necessary for
such second TSA contract (or any other TSA contract that has contributions from
such employer) to satisfy the TSA requirements under Code Section 403(b) and
other federal tax requirements (e.g., plan loan conditions under Code Section
72(p) to avoid deemed distributions). Such necessary information could include
information about the participant's employment, information about other
Qualified Plans of such employer, and whether a severance has occurred, or
hardship rules are satisfied, for purposes of the TSA distribution restrictions.
Consequently, you are advised to consult with a qualified tax advisor before
attempting any such TSA exchange, particularly because it requires an agreement
between the employer and issuer to provide each other with certain information.
We are no longer accepting any incoming exchange request, or new contract
application, for any individual TSA contract.

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HARTFORD LIFE INSURANCE COMPANY 25

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4. DEFERRED COMPENSATION PLANS UNDER SECTION 457 ("SECTION 457 PLANS")

Certain governmental employers, or tax-exempt employers other than a
governmental entity, can establish a Deferred Compensation Plan under Code
Section 457. For these purposes, a "governmental employer" is a State, a
political subdivision of a State, or an agency or an instrumentality of a State
or political subdivision of a State. A Deferred Compensation Plan that meets the
requirements of Code Section 457(b) is called an "Eligible Deferred Compensation
Plan" or "Section 457(b) Plan." Code Section 457(b) limits the amount of
contributions that can be made to an Eligible Deferred Compensation Plan on
behalf of a participant. Generally, the limitation on contributions is the
lesser of (1) 100% of a participant's includible compensation or (2) the
applicable dollar amount, equal to $15,000 for 2006 and thereafter. The $15,000
limit will be indexed for cost-of-living adjustments at $500 increments. The
Plan may provide for additional "catch-up" contributions during the three
taxable years ending before the year in which the participant attains normal
retirement age. In addition, with an eligible Deferred Compensation Plan for a
governmental employer, the contribution limitation may be increased under Code
Section 457(e)(18) to allow certain "catch-up" contributions for individuals who
have attained age 50, but only one "catch-up" may be used in a particular year.
In addition, under Code Section 457(d) a Section 457(b) Plan may not make
amounts available for distribution to participants or beneficiaries before (1)
the calendar year in which the participant attains age 70 1/2, (2) the
participant has a severance from employment (including death), or (3) the
participant is faced with an unforeseeable emergency (as determined in
accordance with regulations).

Under Code Section 457(g) all of the assets and income of an Eligible Deferred
Compensation Plan for a governmental employer must be held in trust for the
exclusive benefit of participants and their beneficiaries. For this purpose,
annuity contracts and custodial accounts described in Code Section 401(f) are
treated as trusts. This trust requirement does not apply to amounts under an
Eligible Deferred Compensation Plan of a tax-exempt (non-governmental) employer.
In addition, this trust requirement does not apply to amounts held under a
Deferred Compensation Plan of a governmental employer that is not a Section
457(b) Plan. However, where the trust requirement does not apply, amounts held
under a Section 457 Plan must remain subject to the claims of the employer's
general creditors under Code Section 457(b)(6).

5. TAXATION OF AMOUNTS RECEIVED FROM QUALIFIED PLANS

Except under certain circumstances in the case of Roth IRAs, amounts received
from Qualified Contracts or Plans generally are taxed as ordinary income under
Code Section 72, to the extent that they are not treated as a tax-free recovery
of after-tax contributions or other "investment in the contract." For annuity
payments and other amounts received after the Annuity Commencement Date from a
Qualified Contract or Plan, the tax rules for determining what portion of each
amount received represents a tax-free recovery of "investment in the contract"
are generally the same as for Non-Qualified Contracts, as described above.

For non-periodic amounts from certain Qualified Contracts or Plans, Code Section
72(e)(8) provides special rules that generally treat a portion of each amount
received as a tax-free recovery of the "investment in the contract," based on
the ratio of the "investment in the contract" over the Contract Value at the
time of distribution. However, in determining such a ratio, certain aggregation
rules may apply and may vary, depending on the type of Qualified Contract or
Plan. For instance, all Traditional IRAs owned by the same individual are
generally aggregated for these purposes, but such an aggregation does not
include any IRA inherited by such individual or any Roth IRA owned by such
individual.

In addition, penalty taxes, mandatory tax withholding or rollover rules may
apply to amounts received from a Qualified Contract or Plan, as indicated below,
and certain exclusions may apply to certain distributions (e.g., distributions
from an eligible Government Plan to pay qualified health insurance premiums of
an eligible retired public safety officer). Accordingly, you are advised to
consult with a qualified tax adviser before taking or receiving any amount
(including a loan) from a Qualified Contract or Plan.

6. PENALTY TAXES FOR QUALIFIED PLANS

Unlike Non-Qualified Contracts, Qualified Contracts are subject to federal
penalty taxes not just on premature distributions, but also on excess
contributions and failures to make required minimum distributions ("RMDs").
Penalty taxes on excess contributions can vary by type of Qualified Plan and
which person made the excess contribution (e.g., employer or an employee). The
penalty taxes on premature distributions and failures to make timely RMDs are
more uniform, and are described in more detail below.

a. PENALTY TAXES ON PREMATURE DISTRIBUTIONS

Code Section 72(t) imposes a penalty income tax equal to 10% of the taxable
portion of a distribution from certain types of Qualified Plans that is made
before the employee reaches age 59 1/2. However, this 10% penalty tax does not
apply to a distribution that is either:

(i) made to a beneficiary (or to the employee's estate) on or after the
employee's death;

(ii) attributable to the employee's becoming disabled under Code Section
72(m)(7);

(iii) part of a series of substantially equal periodic payments (not less
frequently than annually -- "SEPPs") made for the life (or life
expectancy) of the employee or the joint lives (or joint life
expectancies) of such employee and a designated beneficiary ("SEPP
Exception"), and for certain Qualified Plans (other than IRAs) such a
series must begin after the employee separates from service;

(iv) (except for IRAs) made to an employee after separation from service
after reaching age 55 (or made after age 50

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26 HARTFORD LIFE INSURANCE COMPANY

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in the case of a qualified public safety employee separated from certain
government plans);

(v) (except for IRAs) made to an alternate payee pursuant to a qualified
domestic relations order under Code Section 414(p) (a similar exception
for IRAs in Code Section 408(d)(6) covers certain transfers for the
benefit of a spouse or ex-spouse);

(vi) not greater than the amount allowable as a deduction to the employee
for eligible medical expenses during the taxable year; or

(vii) certain qualified reservist distributions under Code Section
72(t)(2)(G) upon a call to active duty.

In addition, the 10% penalty tax does not apply to a distribution from an IRA
that is either:

(viii) made after separation from employment to an unemployed IRA owner for
health insurance premiums, if certain conditions are met;

(ix) not in excess of the amount of certain qualifying higher education
expenses, as defined by Code Section 72(t)(7); or

(x) for a qualified first-time home buyer and meets the requirements of
Code Section 72(t)(8).

If the taxpayer avoids this 10% penalty tax by qualifying for the SEPP Exception
and later such series of payments is modified (other than by death or
disability), the 10% penalty tax will be applied retroactively to all the prior
periodic payments (i.e., penalty tax plus interest thereon), unless such
modification is made after both (a) the employee has reached age 59 1/2 and (b)
5 years have elapsed since the first of these periodic payments.

For any premature distribution from a SIMPLE IRA during the first 2 years that
an individual participates in a salary reduction arrangement maintained by that
individual's employer under a SIMPLE Plan, the 10% penalty tax rate is increased
to 25%.

b. RMDS AND 50% PENALTY TAX

If the amount distributed from a Qualified Contract or Plan is less than the
amount of the required minimum distribution ("RMD") for the year, the
participant is subject to a 50% penalty tax on the amount that has not been
timely distributed.

An individual's interest in a Qualified Plan generally must be distributed, or
begin to be distributed, not later than the Required Beginning Date. Generally,
the Required Beginning Date is April 1 of the calendar year following the later
of --

(i) the calendar year in which the individual attains age 70 1/2, or

(ii) (except in the case of an IRA or a 5% owner, as defined in the Code)
the calendar year in which a participant retires from service with the
employer sponsoring a Qualified Plan that allows such a later Required
Beginning Date.

The entire interest of the individual must be distributed beginning no later
than the Required Beginning Date over --

(a) the life of the individual or the lives of the individual and a
designated beneficiary (as specified in the Code), or

(b) over a period not extending beyond the life expectancy of the individual
or the joint life expectancy of the individual and a designated
beneficiary.

If an individual dies before reaching the Required Beginning Date, the
individual's entire interest generally must be distributed within 5 years after
the individual's death. However, this RMD rule will be deemed satisfied if
distributions begin before the close of the calendar year following the
individual's death to a designated beneficiary and distribution is over the life
of such designated beneficiary (or over a period not extending beyond the life
expectancy of such beneficiary). If such beneficiary is the individual's
surviving spouse, distributions may be delayed until the deceased individual
would have attained age 70 1/2.

If an individual dies after RMDs have begun for such individual, any remainder
of the individual's interest generally must be distributed at least as rapidly
as under the method of distribution in effect at the time of the individual's
death.

The RMD rules that apply while the Contract Owner is alive do not apply with
respect to Roth IRAs. The RMD rules applicable after the death of the Owner
apply to all Qualified Plans, including Roth IRAs. In addition, if the Owner of
a Traditional or Roth IRA dies and the Owner's surviving spouse is the sole
designated beneficiary, this surviving spouse may elect to treat the Traditional
or Roth IRA as his or her own.

The RMD amount for each year is determined generally by dividing the account
balance by the applicable life expectancy. This account balance is generally
based upon the account value as of the close of business on the last day of the
previous calendar year. RMD incidental benefit rules also may require a larger
annual RMD amount, particularly when distributions are made over the joint lives
of the Owner and an individual other than his or her spouse. RMDs also can be
made in the form of annuity payments that satisfy the rules set forth in
Regulations under the Code relating to RMDs.

In addition, in computing any RMD amount based on a contract's account value,
such account value must include the actuarial value of certain additional
benefits provided by the contract. As a result, electing an optional benefit
under a Qualified Contract may require the RMD amount for such Qualified
Contract to be increased each year, and expose such additional RMD amount to the
50% penalty tax for RMDs if such additional RMD amount is not timely
distributed.

7. TAX WITHHOLDING FOR QUALIFIED PLANS

Distributions from a Qualified Contract or Qualified Plan generally are subject
to federal income tax withholding requirements. These federal income tax
withholding requirements, including any "elections out" and the rate at which
withholding applies, generally are the same as for periodic and non-periodic
distributions from a Non-Qualified

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Contract, as described above, except where the distribution is an "eligible
rollover distribution" (described below in "ROLLOVER DISTRIBUTIONS"). In the
latter case, tax withholding is mandatory at a rate of 20% of the taxable
portion of the "eligible rollover distribution," to the extent it is not
directly rolled over to an IRA or other Eligible Retirement Plan (described
below in "ROLLOVER DISTRIBUTIONS"). Payees cannot elect out of this mandatory
20% withholding in the case of such an "eligible rollover distribution."

Also, special withholding rules apply with respect to distributions from
non-governmental Section 457(b) Plans, and to distributions made to individuals
who are neither citizens nor resident aliens of the United States.

Regardless of any "election out" (or any actual amount of tax actually withheld)
on an amount received from a Qualified Contract or Plan, the payee is generally
liable for any failure to pay the full amount of tax due on the includable
portion of such amount received. A payee also may be required to pay penalties
under estimated income tax rules, if the withholding and estimated tax payments
are insufficient to satisfy the payee's total tax liability.

8. ROLLOVER DISTRIBUTIONS

The current tax rules and limits for tax-free rollovers and transfers between
Qualified Plans vary according to (1) the type of transferor Plan and transferee
Plan, (2) whether the amount involved is transferred directly between Plan
fiduciaries (a "direct transfer" or a "direct rollover") or is distributed first
to a participant or beneficiary who then transfers that amount back into another
eligible Plan within 60 days (a "60-day rollover"), and (3) whether the
distribution is made to a participant, spouse or other beneficiary. Accordingly,
we advise you to consult with a qualified tax adviser before receiving any
amount from a Qualified Contract or Plan or attempting some form of rollover or
transfer with a Qualified Contract or Plan.

For instance, generally any amount can be transferred directly from one type of
Qualified Plan (e.g., a TSA) to the same type of Plan for the benefit of the
same individual, without limit (or federal income tax), if the transferee Plan
is subject to the same kinds of restrictions as the transferor Plan (e.g., a TSA
that is subject to the same kinds of salary reduction restrictions) and certain
other conditions to maintain the applicable tax qualification are satisfied
(e.g., as described above for TSA exchanges after September 24, 2007). Such a
"direct transfer" between the same kinds of Plan is generally not treated as any
form of "distribution" out of such a Plan for federal income tax purposes.

By contrast, an amount distributed from one type of Plan (e.g., a TSA) into a
different type of Plan (e.g., a Traditional IRA) generally is treated as a
"distribution" out of the first Plan for federal income tax purposes, and
therefore to avoid being subject to such tax, such a distribution must qualify
either as a "direct rollover" (made directly to another Plan fiduciary) or as a
"60-day rollover." The tax restrictions and other rules for a "direct rollover"
and a "60-day rollover" are similar in many ways, but if any "eligible rollover
distribution" made from certain types of Qualified Plan is not transferred
directly to another Plan fiduciary by a "direct rollover," then it is subject to
mandatory 20% withholding, even if it is later contributed to that same Plan in
a "60-day rollover" by the recipient. If any amount less than 100% of such a
distribution (e.g., the net amount after the 20% withholding) is transferred to
another Plan in a "60-day rollover", the missing amount that is not rolled over
remains subject to normal income tax plus any applicable penalty tax.

Under Code Sections 402(f)(2)(A) and 3405(c)(3) an "eligible rollover
distribution" (which is both eligible for rollover treatment and subject to 20%
mandatory withholding absent a "direct rollover") is generally any distribution
to an employee of any portion (or all) of the balance to the employee's credit
in any of the following types of "Eligible Retirement Plan": (1) a Qualified
Plan under Code Section 401(a) ("Qualified 401(a) Plan"), (2) a qualified
annuity plan under Code Section 403(a) ("Qualified Annuity Plan"), (3) a TSA
under Code Section 403(b), or (4) a governmental Section 457(b) Plan. However,
an "eligible rollover distribution" does not include any distribution that is
either --

a. an RMD amount;

b. one of a series of substantially equal periodic payments (not less
frequently than annually) made either (i) for the life (or life
expectancy) of the employee or the joint lives (or joint life
expectancies) of the employee and a designated beneficiary, or (ii) for
a specified period of 10 years or more; or

c. any distribution made upon hardship of the employee.

Before making an "eligible rollover distribution," a Plan administrator
generally is required under Code Section 402(f) to provide the recipient with
advance written notice of the "direct rollover" and "60-day rollover" rules and
the distribution's exposure to the 20% mandatory withholding if it is not made
by "direct rollover." Generally, under Code Sections 402(c), 403(b)(8) and 457
(e)(16), a "direct rollover" or a "60-day rollover" of an "eligible rollover
distribution" can be made to a Traditional IRA or to another Eligible Retirement
Plan that agrees to accept such a rollover. However, the maximum amount of an
"eligible rollover distribution" that can qualify for a tax-free "60-day
rollover" is limited to the amount that otherwise would be includable in gross
income. By contrast, a "direct rollover" of an "eligible rollover distribution"
can include after-tax contributions as well, if the direct rollover is made
either to a Traditional IRA or to another form of Eligible Retirement Plan that
agrees to account separately for such a rollover, including accounting for such
after-tax amounts separately from the otherwise taxable portion of this
rollover. Separate accounting also is required for all amounts (taxable or not)
that are rolled into a governmental Section 457(b) Plan from either a Qualified
Section 401(a) Plan, Qualified Annuity Plan, TSA or IRA. These amounts, when
later distributed from the governmental Section 457(b) Plan, are subject to any

<Page>

28 HARTFORD LIFE INSURANCE COMPANY

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premature distribution penalty tax applicable to distributions from such a
"predecessor" Qualified Plan.

Rollover rules for distributions from IRAs under Code Sections 408(d)(3) and
408A(d)(3) also vary according to the type of transferor IRA and type of
transferee IRA or other Plan. For instance, generally no tax-free "direct
rollover" or "60-day rollover" can be made between a "NonRoth IRA" (Traditional,
SEP or SIMPLE IRA) and a Roth IRA, and a transfer from NonRoth IRA to a Roth
IRA, or a "conversion" of a NonRoth IRA to a Roth IRA, is subject to special
rules. In addition, generally no tax-free "direct rollover" or "60-day rollover"
can be made between an "inherited IRA" (NonRoth or Roth) for a beneficiary and
an IRA set up by that same individual as the original owner. Generally, any
amount other than an RMD distributed from a Traditional or SEP IRA is eligible
for a "direct rollover" or a "60-day rollover" to another Traditional IRA for
the same individual. Similarly, any amount other than an RMD distributed from a
Roth IRA is generally eligible for a "direct rollover" or a "60-day rollover" to
another Roth IRA for the same individual. However, in either case such a
tax-free 60-day rollover is limited to 1 per year (365-day period); whereas no
1-year limit applies to any such "direct rollover." Similar rules apply to a
"direct rollover" or a "60-day rollover" of a distribution from a SIMPLE IRA to
another SIMPLE IRA or a Traditional IRA, except that any distribution of
employer contributions from a SIMPLE IRA during the initial 2-year period in
which the individual participates in the employer's SIMPLE Plan is generally
disqualified (and subject to the 25% penalty tax on premature distributions) if
it is not rolled into another SIMPLE IRA for that individual. Amounts other than
RMDs distributed from a Traditional or SEP IRA (or SIMPLE IRA after the initial
2-year period) also are eligible for a "direct rollover" or a "60-day rollover"
to an Eligible Retirement Plan (e.g., a TSA) that accepts such a rollover, but
any such rollover is limited to the amount of the distribution that otherwise
would be includable in gross income (i.e., after-tax contributions are not
eligible).

Special rules also apply to transfers or rollovers for the benefit of a spouse
(or ex-spouse) or a nonspouse designated beneficiary, Plan distributions of
property, and obtaining a waiver of the 60-day limit for a tax-free rollover
from the IRS. The Katrina Emergency Tax Relief Act of 2005 (KETRA) allows
certain amounts to be recontributed within three years as a rollover
contribution to a plan from which a KETRA distribution was taken.

THE COMPANY

Hartford Life Insurance Company is the issuer of the Contract. Hartford Life
Insurance Company is a life insurance company organized under the laws of
Connecticut. Our Home Office is located at 200 Hopmeadow Street, Simsbury, CT
06089.

Hartford Life Insurance Company and its subsidiaries ("Hartford Life Insurance
Company" or the "Company"), is a direct subsidiary of Hartford Life and Accident
Insurance Company ("HLA"), a wholly owned subsidiary of Hartford Life, Inc.
("Hartford Life"). Hartford Life is an indirect subsidiary of The Hartford
Financial Services Group, Inc. ("The Hartford"). The Company, together with HLA,
provides (i) retail and institutional investment products, including variable
annuities, fixed market value adjusted ("MVA") annuities, private placement life
insurance, which includes life insurance products purchased by a company on the
lives of its employees, and retirement plan services for the savings and
retirement needs of over 5.0 million customers, (ii) life insurance for wealth
protection, accumulation and transfer needs for approximately 738,000 customers,
(iii) group benefits products such as group life and group disability insurance
for the benefit of millions of individuals and (iv) fixed annuity products
through its international operations. The Company is one of the largest sellers
of individual variable annuities, variable universal life insurance and group
disability insurance in the United States. The Company's strong position in each
of its core businesses provides an opportunity to increase the sale of the
Company's products and services as individuals increasingly save and plan for
retirement, protect themselves and their families against the financial
uncertainties associated with disability or death and engage in estate planning.

Hartford Life Insurance Company is licensed to operate in the District of
Columbia and all jurisdictions. We intend to offer the Contract in any
jurisdictions in which we are licensed.

LEGAL OPINION

The validity of the interests in the Contracts described in this Prospectus will
be passed upon by Richard J. Wirth, Senior Counsel for Hartford Life Insurance
Company.

EXPERTS

The consolidated financial statements and related financial statement schedules
incorporated in this prospectus by reference from the Company's Annual Report on
Form 10-K for the year ended December 31, 2007 have been audited by Deloitte &
Touche LLP, an independent registered public accounting firm, as stated in their
report dated February 20, 2008

<Page>

HARTFORD LIFE INSURANCE COMPANY 29

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which is incorporated herein by reference, and has been so incorporated in
reliance upon the report of such firm given upon their authority as experts in
accounting and auditing.

With respect to the unaudited interim financial information for the periods
ended March 31, 2008 and 2007 which is incorporated herein by reference,
Deloitte & Touche LLP, an independent registered public accounting firm, have
applied limited procedures in accordance with the standards of the Public
Company Accounting Oversight Board (United States) for a review of such
information. However, as stated in their report included in the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 and
incorporated by reference herein, they did not audit and they do not express an
opinion on that interim financial information. Accordingly, the degree of
reliance on their report on such information should be restricted in light of
the limited nature of the review procedures applied. Deloitte & Touche LLP are
not subject to the liability provisions of Section 11 of the Securities Act of
1933 for their report on the unaudited interim financial information because
that report is not a "report" or a "part" of the registration statement prepared
or certified by an accountant within the meaning of Sections 7 and 11 of the Act

<Page>
30 HARTFORD LIFE INSURANCE COMPANY

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APPENDIX A -- MODIFIED GUARANTEED ANNUITY FOR QUALIFIED PLANS

The CRC(R) (Compound Rate Contract) Select 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 31

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APPENDIX B -- MARKET VALUE ADJUSTMENT

The formula that will be used to determine the Market Value Adjustment is: [(1 +
i)/(1 + j)](n/12), where

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 nearest whole number of
years).
n = The number of complete months from the surrender date to the end of
the current Guarantee Period.

EXAMPLE OF MARKET VALUE ADJUSTMENT (MVA)

<Table>

Beginning Account Value: $50,000
Guarantee Period: 5 years
Guarantee Rate: 5.50% per annum
Full Surrender: Middle of contract year 3
Last 12 months interest: $2,980
</Table>

EXAMPLE 1 (FEATURING A CURRENT RATE THAT IS HIGHER THAN THE GUARANTEE RATE):

<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 - $2980 - (.05)($57,161.18 - $2980)) x
MVA + $2980
= $51,472.12 x MVA + $2980
Market Value Adjustment Calculation:
i = .055
j = .061
n = 30
MVA = [(1.055)/(1.061)]TO THE POWER OF 30/12
= .985922299
Net Surrender Value at middle of Contract Year 3: = $51,472.12 x MVA + $2980
= $51,472.12 x .985922299 + $2980
= $53,727.51
</Table>

EXAMPLE 2: (FEATURING A CURRENT RATE THAT IS LOWER THAN THE GUARANTEE RATE):

<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 - $2980 - (.05)($57,161.18 - $2980)) x
MVA + $2980
= $51,472.12 x MVA + $2980
Market Value Adjustment Calculation:
i = .055
j = .050
n = 30
MVA = [(1.055)/(1.050)]TO THE POWER OF 30/12
= 1.011947313
Net Surrender Value at middle of Contract Year 3: = $51,472.12 x MVA + $2980
= $51,472.12 x 1.011947313 + $2980
= $55,067.07
</Table>

Note: These examples do not include any applicable taxes