SUPPLEMENT DATED MAY 1, 2008 TO PROSPECTUS DATED MAY 1, 2008

The following replaces the text appearing under the heading "Market Value
Adjustment":

     Except as described below, we will apply a Market Value Adjustment to any
     account value that is surrendered, transferred, or otherwise paid out
     (annuitized) before the end of a Guarantee Period. For example, we will
     apply a Market Value Adjustment to account value that we pay as an amount
     applied to an Annuity Payout option, or as an amount paid as a single sum
     in lieu of an Annuity Payout.

     The purpose of the Market Value Adjustment is to transfer the risk to you
     of prematurely liquidating your investment. The Market Value Adjustment
     reflects both the amount of time left in your Guarantee period and the
     difference between the rate of interest 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 rate of interest is lower than the sum of the
     new Guarantee Period interest rate and the Market Value Adjustment factor
     (i.e., 0.005%), then the application of the Market Value Adjustment will
     reduce the amount you receive or transfer. Conversely, if your Guarantee
     Period's rate of interest is higher than the sum of the rate of interest we
     are crediting for the new Guarantee Period and the Market Value Adjustment
     factor, then the application of the Market Value Adjustment will increase
     the amount you receive or transfer. You will find a sample Market Value
     Adjustment calculation in Appendix I.

     We do not apply a Market Value Adjustment to withdrawals and transfers of
     account value in the following circumstances:

           1.   Death benefits paid pursuant to a Contract;

           2.   Surrenders or transfers from the one-year Guarantee Period;

           3.   Surrenders during a 30 day period that begins 15 days before the
                end of the Guarantee Period in which the account value was being
                held, and that ends 15 days after the end of the Guarantee
                Period in which the account value was being held; and

           4.   Surrenders or transfers from a Guarantee Period on a periodic,
                automatic basis. This exception only applies to such withdrawals
                or transfers under a formal company program. We may impose
                conditions and limitations on any formal company program for the
                withdrawal or transfer of account values. Ask your
                representative about the availability of such a program in your
                state and applicable conditions and limitations.

The following replaces the first sentence of the hypothetical provided in
Appendix I: "We will determine the Market Value Adjustment by multiplying the
account value that is withdrawn, transferred or otherwise paid out (annuitized)
before the end of a Guarantee Period (after deduction of any applicable
surrender charge) by the following Market Value Adjustment factor.

HV-6679