<PAGE>
GROUP VARIABLE ANNUITY CONTRACTS
WITH RESPECT TO DC-1 AND DC-II
HARTFORD LIFE INSURANCE COMPANY
SUPPLEMENT DATED SEPTEMBER 30, 1998
TO THE PROSPECTUS DATED MAY 1, 1998
The Annual Fund Operating Expense table, the Example tables and all accompanying
footnotes of the prospectus 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%
Hartford Dividend & Growth Fund............................. 0.685% 0.020% 0.705%
Calvert Social Balanced Portfolio (1)....................... 0.690% 0.120% 0.810%
</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 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.................... $ 66 $ 90 $ 115 $ 173 $ 15 $ 46 $ 79 $ 173 $ 15 $ 46 $ 79 $ 173
Stock Fund................... 66 88 112 166 14 44 76 166 14 44 76 166
Money Market Fund............ 66 88 111 165 14 44 75 165 14 44 75 165
Advisers Fund................ 68 94 121 186 16 49 85 186 16 49 85 186
Capital Appreciation Fund.... 68 94 121 187 16 50 86 187 16 50 86 187
Mortgage Securities Fund..... 66 88 112 166 14 44 76 166 14 44 76 166
Index Fund................... 65 86 108 159 13 42 72 159 13 42 72 159
International Opportunities
Fund....................... 69 98 128 202 17 54 93 202 17 54 93 202
Dividend & Growth Fund....... 68 95 123 192 16 51 88 192 16 51 88 192
Calvert Social Balanced
Portfolio.................. 69 98 129 203 18 54 94 203 18 54 94 203
</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 $ 86 $ 107 $ 156 $ 13 $ 41 $ 71 $ 156 $ 13 $ 41 $ 71 $ 156
Stock Fund................... 64 84 104 149 13 39 68 149 13 39 68 149
Money Market Fund............ 64 83 103 148 12 39 67 148 12 39 67 148
Advisers Fund................ 66 89 113 169 14 45 77 169 14 45 77 169
Capital Appreciation Fund.... 66 89 114 171 15 45 78 171 15 45 78 171
Mortgage Securities Fund..... 64 84 104 149 13 39 68 149 13 39 68 149
Index Fund................... 64 82 101 142 12 37 64 142 12 37 64 142
International Opportunities
Fund....................... 68 93 120 185 16 49 85 185 16 49 85 185
Dividend & Growth Fund....... 67 91 116 175 15 46 80 175 15 46 80 175
Calvert Social Balanced
Portfolio.................. 68 94 121 187 16 50 86 187 16 50 86 187
</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 $ 101 $ 133 $ 211 $ 18 $ 57 $ 97 $ 211 $ 18 $ 57 $ 97 $ 211
Stock Fund (1)............... 69 99 129 205 18 55 94 205 18 55 94 205
Money Market Fund............ 69 98 129 204 18 54 94 204 18 54 94 204
Advisers Fund (1)............ 71 104 139 224 20 60 104 224 20 60 104 224
Capital Appreciation Fund
(1)........................ 69 99 129 205 18 55 94 205 18 55 94 205
Mortgage Securities Fund..... 69 97 126 198 17 53 91 198 17 53 91 198
Index Fund (2)............... 72 108 146 239 21 65 111 239 21 65 111 239
International Opportunities
Fund....................... 71 104 139 225 20 61 104 225 20 61 104 225
Dividend & Growth Fund....... 73 109 146 241 21 65 112 241 21 65 112 241
Calvert Social Balanced
Portfolio.................. 72 106 141 230 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.
Under the section entitled "How are the contracts sold?", delete the first
sentence of the second paragraph and replace with the following language:
HSD is an affiliate of Hartford. Hartford's parent company indirectly owns
100% of HSD.
HV-2280
33-19944
