<PAGE>
GROUP VARIABLE ANNUITY CONTRACTS
ISSUED WITH RESPECT TO DC-I AND DC-II
HARTFORD LIFE INSURANCE COMPANY
SUPPLEMENT DATED SEPTEMBER 30, 1998
TO THE PROSPECTUS DATED MAY 1, 1998
The table entitled "Annual Fund Operating Expenses" appearing on page 5 of the
Prospectus and the accompanying footnotes are deleted and replaced with the
following:
ANNUAL FUND OPERATING EXPENSES
(as a percentage of net assets)
<TABLE>
<CAPTION>
TOTAL FUND
OTHER EXPENSES OPERATING EXPENSES
MANAGEMENT (AFTER ANY (AFTER ANY FEE
FEES (AFTER ANY EXPENSE WAIVERS AND EXPENSE
FEE WAIVERS) REIMBURSEMENT) REIMBURSEMENT)
--------------- ----------------- -------------------
<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%
American Century VP Advantage Fund.......................... 1.000% 0.000% 1.000%
American Century VP Capital Appreciation Fund............... 1.000% 0.000% 1.000%
AMS/Fidelity VIP Growth Fund (2)............................ 0.600% 0.090% 0.690%
AMS/Fidelity VIP Overseas Fund (2).......................... 0.750% 0.170% 0.920%
AMS/Fidelity VIP II Contrafund (2).......................... 0.600% 0.110% 0.710%
AMS/Fidelity VIP II Asset Manager (2)....................... 0.550% 0.100% 0.650%
</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%.
(2) A portion of the brokerage commissions that certain funds pay was used to
reduce fund expenses. In addition, certain funds have entered into
arrangements with their custodian whereby credits realized, as a result of
uninvested cash balances were used to reduce custodian expenses. Including
these reductions, the total operating expenses presented in the table would
have been 0.67% for VIP Growth Portfolio, 0.90% for VIP Overseas Portfolio,
0.76% for VIP II Asset Manager Portfolio, and 0.68% for VIP II Contrafund
Portfolio.
The Example tables appearing on page 6 of the Prospectus and all accompanying
footnotes are deleted and replaced with the following:
EXAMPLE DC-I
<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.................... $ 88 $ 125 $ 166 $ 251 $ 15 $ 47 $ 82 $ 180 $ 15 $ 48 $ 83 $ 181
Stock Fund................... 87 124 163 245 14 45 79 173 15 46 79 174
Money Market Fund............ 87 123 162 244 14 45 78 172 15 46 79 173
Advisers Fund................ 89 129 171 263 16 51 88 193 17 52 89 194
Capital Appreciation Fund.... 89 129 172 264 16 51 89 194 17 52 90 195
Mortgage Securities Fund..... 87 124 163 245 14 45 79 173 15 46 79 174
Index Fund................... 87 122 160 238 13 43 75 166 14 44 76 167
International Opportunities
Fund....................... 90 133 178 278 17 55 96 208 18 56 96 209
Dividend & Growth Fund....... 89 130 174 268 16 52 91 198 17 53 92 199
Calvert Social Balanced
Portfolio.................. 90 133 179 279 18 56 96 210 18 56 97 211
American Century VP Advantage
Fund....................... 92 139 188 298 19 62 106 230 20 62 107 231
American Century VP Capital
Appreciation Fund.......... 92 139 188 298 19 62 106 230 20 62 107 231
AMS/Fidelity VIP Growth
Fund....................... 89 130 173 267 16 52 90 197 17 53 91 198
AMS/Fidelity VIP Overseas
Fund....................... 92 137 184 290 19 59 102 222 19 60 103 223
AMS/Fidelity VIP II
Contrafund Fund............ 90 130 174 269 17 53 91 199 17 53 92 200
AMS/Fidelity VIP II Asset
Manager Fund............... 89 129 171 263 16 51 88 192 17 51 89 193
</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-II
<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.................... $ 91 $ 136 $ 183 $ 287 $ 18 $ 58 $ 100 $ 218 $ 19 $ 59 $ 101 $ 219
Stock Fund (1)............... 91 134 180 281 18 56 97 212 18 57 98 212
Money Market Fund............ 91 134 179 280 18 56 97 210 18 57 97 211
Advisers Fund (1)............ 92 139 188 299 20 62 107 231 20 63 107 232
Capital Appreciation Fund
(1)........................ 92 139 189 300 20 62 107 232 20 63 108 233
Mortgage Securities Fund..... 91 134 180 281 18 56 97 212 18 57 98 212
Index Fund (2)............... 90 132 177 275 17 54 94 205 18 55 95 206
International Opportunities
Fund....................... 94 143 195 313 21 66 114 246 22 67 115 247
Dividend & Growth Fund....... 93 140 191 304 20 63 109 236 21 64 110 237
Calvert Social Balanced
Portfolio.................. 94 143 196 314 21 67 115 247 22 67 115 248
American Century VP Advantage
Fund....................... 96 149 205 333 23 72 125 267 24 73 125 268
American Century VP Capital
Appreciation Fund.......... 96 149 205 333 23 72 125 267 24 73 125 268
AMS/Fidelity VIP Growth
Fund....................... 93 140 190 302 20 63 109 235 21 64 109 236
AMS/Fidelity VIP Overseas
Fund....................... 95 147 201 325 22 70 120 259 23 71 121 260
AMS/Fidelity VIP II
Contrafund Fund............ 93 141 191 304 20 64 110 237 21 64 110 238
AMS/Fidelity VIP II Asset
Manager Fund............... 92 139 188 298 19 62 106 230 20 62 107 231
</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-2283
33-19946
