<PAGE>
CRC SELECT
MODIFIED GUARANTEED ANNUITY CONTRACT
HARTFORD LIFE INSURANCE COMPANY
Supplement Dated January 16, 2001
to the Prospectus Dated August 11, 2000
If you purchase your Contract in New York, the following revisions are
applicable:
Within the section entitled "The Contract," under the subsection "What happens
at the end of each Guarantee Period?" on page 7, the last paragraph is deleted
and replaced with the following:
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.
Within the section entitled "Fees and Charges," under the subsection "Surrender
Charge," on page 9 the two tables at the beginning of the top of the left hand
column are deleted and replaced with the following:
If you purchase your Contract in New York, and you are in your Initial
Guarantee Period, the percentage we deduct is equal to:
<TABLE>
------------------------------------------------------------------
Number of Years from the Percentage of Surrender Charge
Beginning of the Initial
Guarantee Period
------------------------------------------------------------------
<S> <C>
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 Percentage of Surrender Charge
Beginning of a Subsequent
Guarantee Period
------------------------------------------------------------------
<S> <C>
1 or less 5%
------------------------------------------------------------------
2 4%
------------------------------------------------------------------
3 3%
------------------------------------------------------------------
4 2%
------------------------------------------------------------------
5 1%
------------------------------------------------------------------
6 0%
------------------------------------------------------------------
7 0%
------------------------------------------------------------------
8 0%
------------------------------------------------------------------
9 0%
------------------------------------------------------------------
10 0%
------------------------------------------------------------------
</TABLE>
<PAGE>
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 Percentage of Surrender Charge
Beginning of a Subsequent
Guarantee Period
------------------------------------------------------------------
<S> <C>
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>
In "Appendix B - Market Value Adjustment," in the first paragraph, the third
line is deleted and replaced with the following:
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).
333-37290
HV-2842
