<PAGE>
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
- --------------------------------------------------------------------------------
STAG VARIABLE LIFE LAST SURVIVOR
SUPPLEMENT DATED NOVEMBER 25, 1998 TO THE PROSPECTUS
DATED AUGUST 3, 1998 FOR THE STAG VARIABLE LIFE LAST SURVIVOR
To correct an error in the current Prospectus, the second paragraph under the
section entitled "Detailed Description of Policy Benefits and Provisions --
Allocation of Premium Payments" should be deleted and replaced with the
following:
The value in the Hartford Money Market Fund Sub-Account will then be allocated
to the Fixed Account and the Sub-Accounts according to the premium allocation
specified in the Policy application on the latest of: (a) 45 days after the
Policy application is signed, (b) 10 days after We mail or personally deliver a
Notice of Withdrawal Right to You, or (c) the date We receive the final
requirement to put the Policy in force.
HV-2302
