<PAGE>
GROUP VARIABLE ANNUITY CONTRACTS
ISSUED BY HARTFORD LIFE INSURANCE COMPANY
WITH RESPECT TO DC-I AND DC-II
SUPPLEMENT DATED OCTOBER 9, 1998
TO THE PROSPECTUS DATED MAY 1, 1998
FOR THE GROUP VARIABLE ANNUITY CONTRACTS
The Annual Fund Operating Expense table, The Example tables and all accompanying
footnotes should be deleted and replaced with the following language:
The following table shows annual operating expenses after waivers or
reimbursements for December 31, 1997.
Annual Fund Operating Expenses
(as a percentage of net assets)
<TABLE>
<CAPTION>
TOTAL FUND
MANAGEMENT FEES OTHER EXPENSES OPERATING EXPENSES
--------------- --------------- --------------------------
<S> <C> <C> <C>
Hartford Bond Fund.......................................... 0.515% 0.020% 0.535%
Hartford Stock Fund......................................... 0.455% 0.020% 0.475%
Hartford Money Market Fund.................................. 0.450% 0.015% 0.465%
Hartford Advisers Fund...................................... 0.635% 0.020% 0.655%
Hartford Capital Appreciation Fund.......................... 0.645% 0.020% 0.665%
Hartford Mortgage Securities Fund........................... 0.450% 0.025% 0.475%
Hartford Index Fund......................................... 0.400% 0.015% 0.415%
Hartford International Opportunities Fund................... 0.705% 0.090% 0.795%
Calvert Social Balanced Portfolio (1)....................... 0.690% 0.120% 0.810%
Hartford Dividend & Growth Fund............................. 0.685% 0.020% 0.705%
</TABLE>
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(1) The figures above for the Calvert Social Balanced Portfolio reflect expenses
for fiscal year 1997, and have been restated to reflect an increase in
transfer agency expenses of 0.01% for the Portfolio expected to be incurred
in 1998. Management and Advisory Expenses includes a performance adjustment,
which depending on performance, could cause the fee to be as high as 0.85%
or as low as 0.55%. "Other Expenses" reflect an indirect fee. Net fund
operating expenses after reductions for fees paid indirectly (again,
restated) would be 0.78%.
EXAMPLE DC-I (0.90% CHARGE FOR MORTALITY, EXPENSE RISK AND ADMINISTRATIVE
UNDERTAKINGS)
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
If you surrender your Contract If you annuitize your If you do not surrender your
at the end of the applicable Contract at the end of the Contract, you would pay the
time period, you would pay the applicable time period, you following expenses on a $1,000
following expenses on a $1,000 would pay the following investment, assuming a 5%
investment, assuming a 5% expenses on a $1,000 annual return on assets:
annual return on assets: investment, assuming a 5%
annual return on the assets:
<CAPTION>
SUB-ACCOUNT 1 YR. 3 YRS. 5 YRS. 10 YRS. 1 YR. 3 YRS. 5 YRS. 10 YRS. 1 YR. 3 YRS. 5 YRS. 10 YRS.
------ ------- ------- -------- ------ ------ ------ -------- ------ ------- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bond Fund.................... $ 66 $ 101 $ 138 $ 215 $ 15 $ 46 $ 79 $ 173 $ 15 $ 46 $ 79 $ 173
Stock Fund................... 66 99 135 209 14 44 76 166 14 44 76 166
Money Market Fund............ 66 99 135 208 14 44 75 165 14 44 75 165
Advisers Fund................ 68 105 144 228 16 49 85 186 16 49 85 186
Capital Appreciation Fund.... 68 105 145 229 16 50 86 187 16 50 86 187
Mortgage Securities Fund..... 66 99 135 209 14 44 76 166 14 44 76 166
Index Fund................... 65 98 132 202 13 42 72 159 13 42 72 159
International Opportunities
Fund....................... 69 109 151 243 17 54 93 202 17 54 93 202
Calvert Social Balanced
Portfolio.................. 69 109 152 245 18 54 94 203 18 54 94 203
Dividend & Growth Fund....... 68 106 147 233 16 51 88 192 16 51 88 192
</TABLE>
The purpose of this table is to assist the Contract Owner in understanding
various costs and expenses that a Contract Owner will bear directly or
indirectly. This table reflects expenses of the Separate Account and underlying
Funds. Premium taxes may also be applicable.
This EXAMPLE should not be considered a representation of past or future
expenses and actual expenses may be greater or less than those shown.
<PAGE>
EXAMPLE DC-I (0.75% CHARGE FOR MORTALITY, EXPENSE RISK AND ADMINISTRATIVE
UNDERTAKINGS)
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
If you surrender your Contract If you annuitize your Contract If you do not surrender your
at the end of the applicable at the end of the applicable Contract, you would pay the
time period, you would pay the time period, you would pay the following expenses on a $1,000
following expenses on a $1,000 following expenses on a $1,000 investment, assuming a 5%
investment, assuming a 5% investment, assuming a 5% annual return on assets:
annual return on assets: annual return on the assets:
<CAPTION>
SUB-ACCOUNT 1 YR. 3 YRS. 5 YRS. 10 YRS. 1 YR. 3 YRS. 5 YRS. 10 YRS. 1 YR. 3 YRS. 5 YRS. 10 YRS.
------ ------- ------- -------- ------ ------- ------- -------- ------ ------- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bond Fund.................... $ 65 $ 97 $ 131 $ 199 $ 13 $ 41 $ 71 $ 156 $ 13 $ 41 $ 71 $ 156
Stock Fund................... 64 95 128 192 13 39 68 149 13 39 68 149
Money Market Fund............ 64 95 127 191 12 39 67 148 12 39 67 148
Advisers Fund................ 66 100 137 212 14 45 77 169 14 45 77 169
Capital Appreciation Fund.... 66 101 137 213 15 45 78 171 15 45 78 171
Mortgage Securities Fund..... 64 95 128 192 13 39 68 149 13 39 68 149
Index Fund................... 64 93 125 186 12 37 64 142 12 37 64 142
International Opportunities
Fund....................... 68 104 144 227 16 49 85 185 16 49 85 185
Calvert Social Balanced
Portfolio.................. 68 105 145 229 16 50 86 187 16 50 86 187
Dividend & Growth Fund....... 67 102 139 217 15 46 80 175 15 46 80 175
</TABLE>
The purpose of this table is to assist the Contract Owner in understanding
various costs and expenses that a Contract Owner will bear directly or
indirectly. This table reflects expenses of the Separate Account and underlying
Funds. Premium taxes may also be applicable.
This EXAMPLE should not be considered a representation of past or future
expenses and actual expenses may be greater or less than those shown.
EXAMPLE DC-II (1.25% CHARGE FOR MORTALITY, EXPENSE RISK AND ADMINISTRATIVE
UNDERTAKINGS)
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
If you surrender your Contract If you annuitize your Contract If you do not surrender your
at the end of the applicable at the end of the applicable Contract, you would pay the
time period, you would pay the time period, you would pay the following expenses on a $1,000
following expenses on a $1,000 following expenses on a $1,000 investment, assuming a 5%
investment, assuming a 5% investment, assuming a 5% annual return on assets:
annual return on assets: annual return on the assets:
<CAPTION>
SUB-ACCOUNT 1 YR. 3 YRS. 5 YRS. 10 YRS. 1 YR. 3 YRS. 5 YRS. 10 YRS. 1 YR. 3 YRS. 5 YRS. 10 YRS.
------ ------- ------- -------- ------ ------- ------- -------- ------ ------- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bond Fund.................... $ 70 $ 112 $ 156 $ 252 $ 18 $ 57 $ 97 $ 211 $ 18 $ 57 $ 97 $ 211
Stock Fund (1)............... 69 110 153 246 18 55 94 205 18 55 94 205
Money Market Fund............ 69 109 152 245 18 54 94 204 18 54 94 204
Advisers Fund (1)............ 71 115 162 265 20 60 104 224 20 60 104 224
Capital Appreciation Fund
(1)........................ 69 110 153 246 18 55 94 205 18 55 94 205
Mortgage Securities Fund..... 69 108 150 240 17 53 91 198 17 53 91 198
Index Fund (2)............... 72 119 169 279 21 65 111 239 21 65 111 239
International Opportunities
Fund....................... 71 115 162 266 20 61 104 225 20 61 104 225
Dividend & Growth Fund....... 73 120 170 281 21 65 112 241 21 65 112 241
Calvert Social Balanced
Portfolio.................. 72 117 164 270 20 62 106 230 20 62 106 230
</TABLE>
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(1) Hartford voluntarily reduces the charge for administrative undertakings with
respect to assets allocated to certain of the sub-accounts in DC-II. The
reduced total charge for mortality, expense risk and administrative
undertakings in these sub-accounts is as follows: Stock Fund, 1.24%;
Advisers Fund, 1.20%; Capital Appreciation Fund, 1.21%.
(2) With respect to the Index Fund Sub-Account, the combined total of the
applicable charge for mortality, expense risk and administrative
undertakings and expenses of the underlying Fund are voluntarily limited to
1.25%.
The purpose of this table is to assist the Contract Owner in understanding
various costs and expenses that a Contract Owner will bear directly or
indirectly. This table reflects expenses of the Separate Account and underlying
Funds. Premium taxes may also be applicable.
This EXAMPLE should not be considered a representation of past or future
expenses and actual expenses may be greater or less than those shown.
HV-2296
33-19944
