<PAGE>
HARTFORD LIFE INSURANCE COMPANY
- --------------------------------------------------------------------------------
DIRECTOR IMMEDIATE VARIABLE ANNUITY
SUPPLEMENT DATED MARCH 13, 1998 TO THE
VARIABLE ANNUITY WITH RESPECT TO THE DIRECTOR
IMMEDIATE VARIABLE ANNUITY PROSPECTUS DATED NOVEMBER 12, 1997
The first sentence of the second paragraph under the section entitled "The
Assumed Investment Return" should be deleted and replaced with the following:
Subject to state approval, the Contract permits Contract Owners to select
one of three Assumed Investment Returns: 3%, 5%, or 6%.
The third sentence of the sub-section entitled "Assumed Investment Return" under
"Illustrations of Annuity Payments Assuming Hypothetical Rates of Return" should
be deleted and replaced with the following:
Subject to state approval, a Contract Owner may, however, select a 3%, 5% or
6% Assumed Investment Return under a real Contract.
The third sentence of the sub-section entitled "Assumed Investment Return" under
"Illustrations of Annuity Payments Using Historic Rates of Return" should be
deleted and replaced with the following:
Subject to state approval, a Contract Owner may, however, select a 3%, 5% or
6% Assumed Investment Return under a real Contract.
HV-2241
