424B5 1 c49341_424b5.txt Filed pursuant to Rule 424(b)(5) File No. 333-137215 Pricing Supplement No. 86 dated July 9, 2007. (To Prospectus dated September 8, 2006) This Pricing Supplement consists of 3 pages. Hartford Life Insurance Company IncomeNotes(sm) The description in this pricing supplement of the particular terms of the following series of IncomeNotes(sm) offered hereby supplements the description of the general terms and provisions of the notes set forth in the prospectus dated September 8, 2006, to which reference is hereby made. The Notes described in this pricing supplement all have: A Trade Date of: July 16, 2007 An Issuance Date of: July 19, 2007 ADDITIONAL TERMS ARE DEFINED BELOW. ------------------------------------------------------------------------------- 5.45% Notes due July 15, 2012 CUSIP Number: 4165X0GJ3 Series Number: 407420 Stated Maturity Date: July 15, 2012 Interest Rate: 5.45% Interest Payment Frequency: Monthly Initial Interest Payment Date: August 15, 2007 Price to Public: 100% Agent's Discount: 1.00% Day Count Convention: 30/360 Optional Redemption: Yes [ ] No [X] Optional Redemption Date(s): N/A Initial Redemption Percentage: N/A Annual Percentage Reduction: N/A Redemption may be: [ ] In whole only. [ ] In whole or in part. The Survivor's Option: [X] is [ ] is not available. Annual Put Limitation: $1 million or 1% Individual Put Limitation: $250,000 Series Put Limitation: N/A Special Tax Considerations: None. ------------------------------------------------------------------------------- 5.75% Callable Notes due July 15, 2013 CUSIP Number: 4165X0GK0 Series Number: 407421 Stated Maturity Date: July 15, 2013 Interest Rate: 5.75% Interest Payment Frequency: Semi-Annually Initial Interest Payment Date: January 15, 2008 Price to Public: 100% Agent's Discount: 1.10% Day Count Convention: 30/360 Optional Redemption: Yes [X] No [ ] Optional Redemption Date(s): July 15, 2009 or any Interest Payment Date thereafter. Page 1 Initial Redemption Percentage: 100% Annual Percentage Reduction: N/A Redemption may be: [X] In whole only. [ ] In whole or in part. The Survivor's Option: [X] is [ ] is not available. Annual Put Limitation: $1 million or 1% Individual Put Limitation: $250,000 Series Put Limitation: N/A Special Tax Considerations: None. ------------------------------------------------------------------------------- 6.00% Callable Notes due July 15, 2015 CUSIP Number: 4165X0GL8 Series Number: 407422 Stated Maturity Date: July 15, 2015 Interest Rate: 6.00% Interest Payment Frequency: Semi-Annually Initial Interest Payment Date: January 15, 2008 Price to Public: 100% Agent's Discount: 1.40% Day Count Convention: 30/360 Optional Redemption: Yes [X] No [ ] Optional Redemption Date(s): July 15, 2009 or any Interest Payment Date thereafter. Initial Redemption Percentage: 100% Annual Percentage Reduction: N/A Redemption may be: [X] In whole only. [ ] In whole or in part. The Survivor's Option: [X] is [ ] is not available. Annual Put Limitation: $1 million or 1% Individual Put Limitation: $250,000 Series Put Limitation: N/A Special Tax Considerations: None. ------------------------------------------------------------------------------- 6.25% Callable Notes due July 15, 2022 CUSIP Number: 4165X0GM6 Series Number: 407423 Stated Maturity Date: July 15, 2022 Interest Rate: 6.25% Interest Payment Frequency: Semi-Annually Initial Interest Payment Date: January 15, 2008 Price to Public: 100% Agent's Discount: 2.00% Day Count Convention: 30/360 Optional Redemption: Yes [X] No [ ] Optional Redemption Date(s): July 15, 2010 or any Interest Payment Date thereafter. Initial Redemption Percentage: 100% Annual Percentage Reduction: N/A Redemption may be: [X] In whole only. [ ] In whole or in part. Page 2 The Survivor's Option: [X] is [ ] is not available. Annual Put Limitation: $1 million or 1% Individual Put Limitation: $250,000 Series Put Limitation: N/A Special Tax Considerations: None. ------------------------------------------------------------------------------- ADDITIONAL INFORMATION PERTAINING TO ALL NOTES DESCRIBED IN THIS PRICING SUPPLEMENT: Securities Exchange Listing: None. Specified Currency: U.S. Dollars Authorized Denominations: $1,000 integral amounts. Indenture Trustee: The Bank of New York Trust Company, N.A is successor Indenture Trustee under Section 7.14 of the Indenture. Other Provisions Relating to the Notes: None. AGENTS: Bear, Stearns & Co. Inc.; A.G. Edwards & Sons, Inc.; Banc of America Securities LLC; Charles Schwab & Co., Inc.; Citigroup; Fidelity Capital Markets Services, a division of National Financial Services, LLC; Janney Montgomery Scott LLC; Merrill Lynch & Co.; Morgan Keegan & Company, Inc.; Morgan Stanley; NatCity Investments Inc.; Raymond James; RBC Dain Rauscher, Inc.; Robert W. Baird & Co. Incorporated; Scott & Stringfellow, Inc.; UBS Investment Bank; Wachovia Securities NOTE: The Opinion regarding the enforceability of the Notes and the related Consent of Counsel for Hartford Life Insurance Company is given by Marin Lorenson, Associate Counsel. RATINGS: It is anticipated that, as of July 19, 2007 the Notes will be rated by the indicated rating agencies as follows: Standard & Poor's: AA- Moody's: A1 Fitch: AA- A.M. Best: a+ Page 3