<PAGE>
DIRECTOR LIFE
HARTFORD LIFE INSURANCE COMPANY
SUPPLEMENT DATED JANUARY 6, 1997 TO THE
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE POLICIES
WITH RESPECT TO THE DIRECTOR LIFE PROSPECTUS DATED MAY 1, 1996.
If the Contract is purchased in the State of New York the following provisions
of the Prospectus are amended as follows:
In the Special Terms subsection of the Prospectus, the definition of Account
Value is deleted and the following definition is added:
Account Value: The current value of Accumulation Units plus the value of
the Loan Account under the Contract. In the case of a Contract Owner who
purchases the Contract in the State of New York ("New York Contract
Owner") who elects to transfer into the Fixed Account, Account Value is
the current value of the Fixed Account plus the value of the Loan
Account under the Contract.
The following definition is added:
Fixed Account: Part of the General Account of Hartford Life to which a
New York Contract Owner may allocate the entire Account Value.
The definition for Loan Account is deleted and the following definition is
substituted:
Loan Account: An account in Hartford Life's General Account, established
for any amounts transferred from the Sub-Accounts or, if a New York
Contract Owner, from the Fixed Account for requested loans. The Loan
Account credits a fixed rate of interest of 4% per annum that is not
based on the investment experience of the Separate Account.
The following is added to the Prospectus as a separate section following the
section entitled "The Separate Account":
THE FIXED ACCOUNT
THAT PORTION OF THE POLICY RELATING TO THE FIXED ACCOUNT IS NOT
REGISTERED UNDER THE SECURITIES ACT OF 1933 ("1933 ACT") AND THE FIXED
ACCOUNT IS NOT REGISTERED AS AN INVESTMENT COMPANY UNDER THE INVESTMENT
COMPANY ACT OF 1940 ("1940 ACT"). ACCORDINGLY, NEITHER THE FIXED ACCOUNT
NOR ANY INTERESTS THEREIN ARE SUBJECT TO THE PROVISIONS OR RESTRICTS OF
THE 1933 ACT OR THE 1940 ACT, AND THE DISCLOSURE REGARDING THE FIXED
ACCOUNT HAS NOT BEEN REVIEWED BY THE STAFF OF THE SECURITIES AND
EXCHANGE COMMISSION. THE FOLLOWING DISCLOSURE ABOUT THE FIXED ACCOUNT
MAY BE SUBJECT TO CERTAIN GENERALLY APPLICABLE PROVISIONS OF THE FEDERAL
SECURITIES LAWS REGARDING THE ACCURACY AND COMPLETENESS OF DISCLOSURE.
Under the circumstances described under the heading "Transfer of Entire
Account Value to the Fixed Account", New York Contract Owners may
transfer no less than the entire Account Value to the Fixed Account.
Account Value transferred to the Fixed Account becomes part of the
general assets of Hartford Life. Hartford Life invests the assets of the
General Account in accordance with applicable laws governing the
investment of insurance company general accounts.
Hartford Life currently credits interest to the Account Value
transferred to the Fixed Account under the Contract at the Minimum
Credited Rate of 3% per year, compounded annually. Hartford Life
reserves the right to credit a lower minimum interest rate according to
state law. Hartford Life may also credit interest at rates greater than
the minimum Fixed Account interest rate. There is no specific formula
for determining the interest credited to the Account Value in the Fixed
Account.
<PAGE>
The following language is added to the provision of the Prospectus entitled
"Deductions and Charges-- Administrative Charge":
No Administrative Charge is deducted from Account Value in the Fixed
Account.
The following language is added to the provision of the Prospectus entitled
"Deductions and Charges-- Mortality and Expense Risk Charge":
No Mortality and Expense Risk Charge is deducted from Account Value in
the Fixed Account.
The following separate sections are added to the provision of the Prospectus
entitled "Contract Benefits":
TRANSFER OF ENTIRE ACCOUNT VALUE TO THE FIXED ACCOUNT
New York Contract Owners may transfer no less than the entire Account
Value into the Fixed Account under the following circumstances: (i)
during the first 18 months following the Date of Issue, (ii) within 30
days following a Contract Anniversary, or (iii) within 60 days following
the effective date of a material change in the investment policy of the
Separate Account which the New York Contract Owner objects to.
A TRANSFER TO THE FIXED ACCOUNT MUST BE FOR THE ENTIRE ACCOUNT VALUE AND
ONCE THE ACCOUNT VALUE HAS BEEN TRANSFERRED TO THE FIXED ACCOUNT, IT MAY
NOT, UNDER ANY CIRCUMSTANCES, BE TRANSFERRED BACK TO THE SEPARATE
ACCOUNT.
For New York Contract Owners who elect to invest in the Fixed Account,
Hartford Life will transfer the entire Account Value from the Separate
Account to the Fixed Account on the Monthly Activity Date next following
the date on which Hartford Life received the transfer request. The
Account Value in the Fixed Account on the date of transfer equals the
entire Account Value; plus the value of the Loan Account; minus the
Monthly Deduction Amount applicable to the Fixed Account and minus the
Annual Maintenance Fee, if applicable. On each subsequent Monthly
Activity Date, the Account Value in the Fixed Account equals the Account
Value on the previous Monthly Activity Date; plus any premiums received
since the last Monthly Activity Date; plus interest credited since the
last Monthly Activity Date; minus the Monthly Deduction Amount
applicable to the Fixed Account; minus any partial surrenders taken
since the last Monthly Activity Date and minus any Surrender Charges
deducted since the last Monthly Deduction Date. On each Valuation Date
(other than an Monthly Activity Date) the Account Value of the Fixed
Account equals the Account Value on the previous Monthly Activity Date;
plus any premiums received since the last Monthly Activity Date; plus
any interest credited since the last Monthly Activity Date; minus any
partial surrenders taken since the last Monthly Activity Date and minus
any surrender charges deducted since the last Monthly Activity Date.
DEFERRED PAYMENTS
Hartford Life reserves the right to defer payment of any Cash Surrender
Values and loan amounts which are attributable to the Fixed Account for
up to six months from the date of request. If payment is deferred for
more than 10 days, Hartford Life will pay interest at the Fixed Account
Minimum Credited Interest Rate.
HV-2115
33-83654