<PAGE>
As filed with the Securities and Exchange Commission on September 26, 2000.
File No. 333-67373
811-07273
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 3 TO
FORM S-6
FOR REGISTRATION UNDER THE SECURITIES ACT OF 1933 OF
SECURITIES OF UNIT INVESTMENT TRUSTS REGISTERED ON
FORM N-8B-2
A. Exact name of trust: Separate Account VL II
B. Name of depositor: Hartford Life and Annuity Insurance Company
C. Complete address of depositor's principal executive offices:
P.O. Box 2999
Hartford, CT 06104-2999
D. Name and complete address of agent for service:
Marianne O'Doherty
Hartford Life and Annuity Insurance Company
P.O. Box 2999
Hartford, CT 06104-2999
It is proposed that this filing will become effective:
immediately upon filing pursuant to paragraph (b) of Rule 485
-----
X on September 26, 2000 pursuant to paragraph (b) of Rule 485
-----
60 days after filing pursuant to paragraph (a)(1) of Rule 485
-----
on _______, 2000 pursuant to paragraph (a)(1) of Rule 485
-----
this post-effective amendment designates a new effective date
----- for a previously filed post-effective amendment.
E. Title and amount of securities being registered: Pursuant to Rule 24f-2
under the Investment Company Act of 1940, the Registrant will register an
indefinite amount of securities.
F. Proposed maximum aggregate offering price to the public of the securities
being registered: Not yet determined.
G. Amount of filing fee: Not applicable.
H. Approximate date of proposed public offering: As soon as practicable after
the effective date of this registration statement.
<PAGE>
Parts A and B
The Prospectus and Statement of Additional Information (including all financial
statements therein) are incorporated in Parts A and B, respectively, of this
Post-Effective Amendment No. 3, by reference to Post-Effective Amendment No. 2
to the Registration Statement on Form S-6 (File No. 333-67373), as filed on
April 12, 2000 and declared effective on May 1, 2000.
A Supplement to the Prospectus and Statement of Additional Information, dated
September 26, 2000 is included in Part A and B of this Post-Effective Amendment.
<PAGE>
STAG VARIABLE LIFE LAST SURVIVOR II
SEPARATE ACCOUNT VL II
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SUPPLEMENT DATED SEPTEMBER 26, 2000
TO THE
PROSPECTUS DATED MAY 1, 2000
Effective November 1, 2000 the following changes apply:
In the "Charges and Deductions" section, under the sub-section "Front-End Sales
Load", the following sentence should be inserted after the first sentence:
"The current sales load is 4% of premium."
In the "Charges and Deductions" section, under the sub-section "Mortality and
Expense Risk Charge", the second paragraph is deleted and replaced with the
following:
"During the first 10 years, the current and maximum accumulated value mortality
and expense risk rate is 1/12 of 0.75% per month. Thereafter, the maximum is
1/12 of 0.60% per month. After the 10th policy year, the current accumulated
value mortality and expense risk rate is 1/12 of 0.50% per month on the first
$1,000,000 of accumulated value in the Sub-Accounts plus 1/12 of 0.25% per month
on the accumulated value in the Sub-Accounts that exceeds $1,000,000. The
maximum rate is 1/12 of 0.60% per month."
The six "Illustration of the Death Benefits, Account Values and Cash Surrender
Values" tables in the "Illustration of Benefits" section of the Statement of
Additional Information should be replaced with the attached six tables.
THIS SUPPLEMENT SHOULD BE RETAINED WITH THE PROSPECTUS FOR FUTURE REFERENCE.
HV-2774-0
333-67373
<PAGE>
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
DEATH BENEFIT OPTION: LEVEL
$1,000,000 FACE AMOUNT
$1,000,000 DEATH BENEFIT GUARANTEE AMOUNT
ISSUE AGE 55 MALE PREFERRED NON-NICOTINE
ISSUE AGE 55 FEMALE PREFERRED NON-NICOTINE
$20,000 PLANNED PREMIUM
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 12% (11.27% NET)
<TABLE>
<CAPTION>
Current Charges Guaranteed Charges
Premiums ---------------------------------------------- ----------------------------------------
End of Accumulated Cash Cash
Policy at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
<S> <C> <C> <C> <C> <C> <C> <C>
1 21,000 16,606 2,484 1,000,000 16,165 2,042 1,000,000
2 43,050 34,932 10,810 1,000,000 33,892 19,770 1,000,000
3 66,203 55,163 41,041 1,000,000 53,327 39,204 1,000,000
4 90,513 77,491 65,386 1,000,000 74,620 62,515 1,000,000
5 116,038 102,127 92,040 1,000,000 97,941 87,854 1,000,000
6 142,840 129,571 121,502 1,000,000 123,724 115,654 1,000,000
7 170,982 159,847 153,794 1,000,000 151,933 145,880 1,000,000
8 200,531 193,241 189,206 1,000,000 182,773 178,738 1,000,000
9 231,558 230,071 228,054 1,000,000 216,465 214,448 1,000,000
10 264,136 270,686 270,686 1,000,000 253,256 253,256 1,000,000
11 298,343 320,281 320,281 1,000,000 297,663 297,663 1,000,000
12 334,260 375,162 375,162 1,000,000 346,322 346,322 1,000,000
13 371,973 435,894 435,894 1,000,000 399,701 399,701 1,000,000
14 411,571 503,102 503,102 1,000,000 458,349 458,349 1,000,000
15 453,150 577,486 577,486 1,000,000 522,900 522,900 1,000,000
16 496,807 659,828 659,828 1,000,000 594,097 594,097 1,000,000
17 542,648 750,996 750,996 1,000,000 672,833 672,833 1,000,000
18 590,780 851,974 851,974 1,000,000 760,213 760,213 1,000,000
19 641,319 963,855 963,855 1,050,602 857,651 857,651 1,000,000
20 694,385 1,087,816 1,087,816 1,163,963 966,901 966,901 1,034,584
25 1,002,269 1,943,532 1,943,532 2,040,708 1,710,421 1,710,421 1,795,942
30 1,395,216 3,375,921 3,375,921 3,544,717 2,900,427 2,900,427 3,045,449
</TABLE>
* These values reflect investment results using current cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
** These values reflect investment results using guaranteed cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
These values reflect Current Front-End Sales Loads of 4% and
Guaranteed Front-End Sales Loads of 6% in all years. The
surrender charge effective in any year can be determined by
subtracting the cash surrender value from the account value.
The Death Benefit may, and the Account Values and Cash Surrender
Values will differ if premiums are paid in different amounts or
frequencies.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS
THAN THOSE SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE AND CASH SURRENDER VALUE FOR
A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF ACTUAL INVESTMENT RETURN
APPLICABLE TO THE POLICY AVERAGE 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED
ABOVE OR BELOW THAT AVERAGE FOR INDIVIDUAL POLICY YEARS. THE DEATH BENEFIT,
ACCOUNT VALUE AND CASH SURRENDER VALUE FOR A POLICY WOULD ALSO BE DIFFERENT FROM
THOSE SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE
ACCOUNTS AND THE RATES OF RETURN OF THE SEPARATE ACCOUNT IF THE ACTUAL RATES OF
INVESTMENT RETURN APPLICABLE TO THE POLICY AVERAGED 12%, BUT VARIED ABOVE OR
BELOW THAT AVERAGE FOR THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
DEATH BENEFIT OPTION: LEVEL
$1,000,000 FACE AMOUNT
$1,000,000 DEATH BENEFIT GUARANTEE AMOUNT
ISSUE AGE 55 MALE PREFERRED NON-NICOTINE
ISSUE AGE 55 FEMALE PREFERRED NON-NICOTINE
$20,000 PLANNED PREMIUM
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 6% (5.27% NET)
<TABLE>
<CAPTION>
Current Charges Guaranteed Charges
Premiums ---------------------------------------------- ----------------------------------------
End of Accumulated Cash Cash
Policy at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
<S> <C> <C> <C> <C> <C> <C> <C>
1 21,000 15,610 1,487 1,000,000 15,192 1,069 1,000,000
2 43,050 31,906 17,783 1,000,000 30,944 16,822 1,000,000
3 66,203 48,924 34,802 1,000,000 47,261 33,139 1,000,000
4 90,513 66,691 54,586 1,000,000 64,143 52,038 1,000,000
5 116,038 85,232 75,145 1,000,000 81,588 71,500 1,000,000
6 142,840 104,832 96,762 1,000,000 99,830 91,760 1,000,000
7 170,982 125,276 119,223 1,000,000 118,615 112,563 1,000,000
8 200,531 146,591 142,556 1,000,000 137,909 133,874 1,000,000
9 231,558 168,808 166,790 1,000,000 157,664 155,646 1,000,000
10 264,136 191,949 191,949 1,000,000 177,821 177,821 1,000,000
11 298,343 220,514 220,514 1,000,000 202,297 202,297 1,000,000
12 334,260 250,395 250,395 1,000,000 227,289 227,289 1,000,000
13 371,973 281,648 281,648 1,000,000 252,756 252,756 1,000,000
14 411,571 314,324 314,324 1,000,000 278,657 278,657 1,000,000
15 453,150 348,487 348,487 1,000,000 304,924 304,924 1,000,000
16 496,807 384,196 384,196 1,000,000 331,460 331,460 1,000,000
17 542,648 421,511 421,511 1,000,000 358,130 358,130 1,000,000
18 590,780 460,496 460,496 1,000,000 384,754 384,754 1,000,000
19 641,319 501,221 501,221 1,000,000 411,130 411,130 1,000,000
20 694,385 543,756 543,756 1,000,000 437,065 437,065 1,000,000
25 1,002,269 786,803 786,803 1,000,000 554,963 554,963 1,000,000
30 1,395,216 1,094,212 1,094,212 1,148,923 634,575 634,575 1,000,000
</TABLE>
* These values reflect investment results using current cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
** These values reflect investment results using guaranteed cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
These values reflect Current Front-End Sales Loads of 4% and
Guaranteed Front-End Sales Loads of 6% in all years. The
surrender charge effective in any year can be determined by
subtracting the cash surrender value from the account value.
The Death Benefit may, and the Account Values and Cash Surrender
Values will differ if premiums are paid in different amounts or
frequencies.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS
THAN THOSE SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE AND CASH SURRENDER VALUE FOR
A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF ACTUAL INVESTMENT RETURN
APPLICABLE TO THE POLICY AVERAGE 6% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED
ABOVE OR BELOW THAT AVERAGE FOR INDIVIDUAL POLICY YEARS. THE DEATH BENEFIT,
ACCOUNT VALUE AND CASH SURRENDER VALUE FOR A POLICY WOULD ALSO BE DIFFERENT FROM
THOSE SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE
ACCOUNTS AND THE RATES OF RETURN OF THE SEPARATE ACCOUNT IF THE ACTUAL RATES OF
INVESTMENT RETURN APPLICABLE TO THE POLICY AVERAGED 6%, BUT VARIED ABOVE OR
BELOW THAT AVERAGE FOR THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
DEATH BENEFIT OPTION: LEVEL
$1,000,000 FACE AMOUNT
$1,000,000 DEATH BENEFIT GUARANTEE AMOUNT
ISSUE AGE 55 MALE PREFERRED NON-NICOTINE
ISSUE AGE 55 FEMALE PREFERRED NON-NICOTINE
$20,000 PLANNED PREMIUM
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 0% (-0.73% NET)
<TABLE>
<CAPTION>
Current Charges Guaranteed Charges
Premiums ---------------------------------------------- ----------------------------------------
End of Accumulated Cash Cash
Policy at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
<S> <C> <C> <C> <C> <C> <C> <C>
1 21,000 14,615 493 1,000,000 14,221 99 1,000,000
2 43,050 29,002 14,880 1,000,000 28,116 13,993 1,000,000
3 66,203 43,169 29,047 1,000,000 41,668 27,546 1,000,000
4 90,513 57,113 45,008 1,000,000 54,857 42,752 1,000,000
5 116,038 70,830 60,742 1,000,000 67,659 57,572 1,000,000
6 142,840 84,564 76,494 1,000,000 80,280 72,210 1,000,000
7 170,982 98,060 92,008 1,000,000 92,436 86,384 1,000,000
8 200,531 111,311 107,277 1,000,000 104,068 100,033 1,000,000
9 231,558 124,310 122,292 1,000,000 115,105 113,088 1,000,000
10 264,136 137,041 137,041 1,000,000 125,462 125,462 1,000,000
11 298,343 153,690 153,690 1,000,000 138,816 138,816 1,000,000
12 334,260 170,091 170,091 1,000,000 151,291 151,291 1,000,000
13 371,973 186,237 186,237 1,000,000 162,794 162,794 1,000,000
14 411,571 202,112 202,112 1,000,000 173,222 173,222 1,000,000
15 453,150 217,709 217,709 1,000,000 182,436 182,436 1,000,000
16 496,807 233,013 233,013 1,000,000 190,243 190,243 1,000,000
17 542,648 247,997 247,997 1,000,000 196,384 196,384 1,000,000
18 590,780 262,637 262,637 1,000,000 200,514 200,514 1,000,000
19 641,319 276,901 276,901 1,000,000 202,218 202,218 1,000,000
20 694,385 290,744 290,744 1,000,000 201,030 201,030 1,000,000
25 1,002,269 351,200 351,200 1,000,000 131,292 131,292 1,000,000
30 1,395,216 381,330 381,330 1,000,000 0 0 0
</TABLE>
* These values reflect investment results using current cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
** These values reflect investment results using guaranteed cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
These values reflect Current Front-End Sales Loads of 4% and
Guaranteed Front-End Sales Loads of 6% in all years. The
surrender charge effective in any year can be determined by
subtracting the cash surrender value from the account value.
The Death Benefit may, and the Account Values and Cash Surrender
Values will differ if premiums are paid in different amounts or
frequencies.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS
THAN THOSE SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE AND CASH SURRENDER VALUE FOR
A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF ACTUAL INVESTMENT RETURN
APPLICABLE TO THE POLICY AVERAGE 0% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED
ABOVE OR BELOW THAT AVERAGE FOR INDIVIDUAL POLICY YEARS. THE DEATH BENEFIT,
ACCOUNT VALUE AND CASH SURRENDER VALUE FOR A POLICY WOULD ALSO BE DIFFERENT FROM
THOSE SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE
ACCOUNTS AND THE RATES OF RETURN OF THE SEPARATE ACCOUNT IF THE ACTUAL RATES OF
INVESTMENT RETURN APPLICABLE TO THE POLICY AVERAGED 0%, BUT VARIED ABOVE OR
BELOW THAT AVERAGE FOR THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
DEATH BENEFIT OPTION: LEVEL
$1,000,000 FACE AMOUNT
$500,000 DEATH BENEFIT GUARANTEE AMOUNT
ISSUE AGE 55 MALE PREFERRED NON-NICOTINE
ISSUE AGE 55 FEMALE PREFERRED NON-NICOTINE
$10,000 PLANNED PREMIUM
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 12% (11.27% NET)
<TABLE>
<CAPTION>
Current Charges Guaranteed Charges
Premiums --------------------------------------------- ----------------------------------------
End of Accumulated Cash Cash
Policy at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
<S> <C> <C> <C> <C> <C> <C> <C>
1 10,500 8,060 572 1,000,000 7,840 351 1,000,000
2 21,525 16,948 9,459 1,000,000 16,371 8,882 1,000,000
3 33,101 26,754 19,265 1,000,000 25,642 18,154 1,000,000
4 45,256 37,567 31,148 1,000,000 35,701 29,282 1,000,000
5 58,019 49,484 44,135 1,000,000 46,598 41,249 1,000,000
6 71,420 62,878 58,599 1,000,000 58,631 54,352 1,000,000
7 85,491 77,631 74,422 1,000,000 71,615 68,406 1,000,000
8 100,266 93,874 91,735 1,000,000 85,579 83,439 1,000,000
9 115,779 111,750 110,680 1,000,000 100,542 99,472 1,000,000
10 132,068 131,412 131,412 1,000,000 116,516 116,516 1,000,000
11 149,171 155,617 155,617 1,000,000 135,637 135,637 1,000,000
12 167,130 182,369 182,369 1,000,000 156,057 156,057 1,000,000
13 185,986 211,935 211,935 1,000,000 177,833 177,833 1,000,000
14 205,786 244,600 244,600 1,000,000 201,022 201,022 1,000,000
15 226,575 280,690 280,690 1,000,000 225,669 225,669 1,000,000
16 248,404 320,560 320,560 1,000,000 251,789 251,789 1,000,000
17 271,324 364,601 364,601 1,000,000 279,366 279,366 1,000,000
18 295,390 413,252 413,252 1,000,000 308,341 308,341 1,000,000
19 320,660 467,000 467,000 1,000,000 338,645 338,645 1,000,000
20 347,193 526,390 526,390 1,000,000 370,242 370,242 1,000,000
25 501,135 933,115 933,115 1,000,000 551,655 551,655 1,000,000
30 697,608 1,614,487 1,614,487 1,695,211 817,783 817,783 1,000,000
</TABLE>
* These values reflect investment results using current cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
** These values reflect investment results using guaranteed cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
These values reflect Current Front-End Sales Loads of 4% and
Guaranteed Front-End Sales Loads of 6% in all years. The
surrender charge effective in any year can be determined by
subtracting the cash surrender value from the account value.
The Death Benefit may, and the Account Values and Cash Surrender
Values will differ if premiums are paid in different amounts or
frequencies.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS
THAN THOSE SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE AND CASH SURRENDER VALUE FOR
A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF ACTUAL INVESTMENT RETURN
APPLICABLE TO THE POLICY AVERAGE 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED
ABOVE OR BELOW THAT AVERAGE FOR INDIVIDUAL POLICY YEARS. THE DEATH BENEFIT,
ACCOUNT VALUE AND CASH SURRENDER VALUE FOR A POLICY WOULD ALSO BE DIFFERENT FROM
THOSE SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE
ACCOUNTS AND THE RATES OF RETURN OF THE SEPARATE ACCOUNT IF THE ACTUAL RATES OF
INVESTMENT RETURN APPLICABLE TO THE POLICY AVERAGED 12%, BUT VARIED ABOVE OR
BELOW THAT AVERAGE FOR THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
DEATH BENEFIT OPTION: LEVEL
$1,000,000 FACE AMOUNT
$500,000 DEATH BENEFIT GUARANTEE AMOUNT
ISSUE AGE 55 MALE PREFERRED NON-NICOTINE
ISSUE AGE 55 FEMALE PREFERRED NON-NICOTINE
$10,000 PLANNED PREMIUM
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 6% (5.27% NET)
<TABLE>
<CAPTION>
Current Charges Guaranteed Charges
Premiums ------------------------------------------- ------------------------------------------
End of Accumulated Cash Cash
Policy at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
<S> <C> <C> <C> <C> <C> <C> <C>
1 10,500 7,569 81 1,000,000 7,360 0 1,000,000
2 21,525 15,464 7,976 1,000,000 14,928 7,439 1,000,000
3 33,101 23,703 16,215 1,000,000 22,688 15,199 1,000,000
4 45,256 32,296 25,878 1,000,000 30,620 24,201 1,000,000
5 58,019 41,250 35,902 1,000,000 38,699 33,350 1,000,000
6 71,420 50,831 46,552 1,000,000 47,135 42,855 1,000,000
7 85,491 60,802 57,592 1,000,000 55,643 52,434 1,000,000
8 100,266 71,169 69,029 1,000,000 64,155 62,016 1,000,000
9 115,779 81,937 80,867 1,000,000 72,581 71,512 1,000,000
10 132,068 93,104 93,104 1,000,000 80,814 80,814 1,000,000
11 149,171 107,084 107,084 1,000,000 90,735 90,735 1,000,000
12 167,130 121,677 121,677 1,000,000 100,328 100,328 1,000,000
13 185,986 136,902 136,902 1,000,000 109,461 109,461 1,000,000
14 205,786 152,770 152,770 1,000,000 117,980 117,980 1,000,000
15 226,575 169,297 169,297 1,000,000 125,683 125,683 1,000,000
16 248,404 186,496 186,496 1,000,000 132,297 132,297 1,000,000
17 271,324 204,366 204,366 1,000,000 137,461 137,461 1,000,000
18 295,390 222,910 222,910 1,000,000 140,694 140,694 1,000,000
19 320,660 242,123 242,123 1,000,000 141,409 141,409 1,000,000
20 347,193 261,987 261,987 1,000,000 138,925 138,925 1,000,000
25 501,135 369,625 369,625 1,000,000 46,206 46,206 1,000,000
30 697,608 479,281 479,281 1,000,000 0 0 0
</TABLE>
* These values reflect investment results using current cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
** These values reflect investment results using guaranteed cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
These values reflect Current Front-End Sales Loads of 4% and
Guaranteed Front-End Sales Loads of 6% in all years. The
surrender charge effective in any year can be determined by
subtracting the cash surrender value from the account value.
The Death Benefit may, and the Account Values and Cash Surrender
Values will differ if premiums are paid in different amounts or
frequencies.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS
THAN THOSE SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE AND CASH SURRENDER VALUE FOR
A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF ACTUAL INVESTMENT RETURN
APPLICABLE TO THE POLICY AVERAGE 6% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED
ABOVE OR BELOW THAT AVERAGE FOR INDIVIDUAL POLICY YEARS. THE DEATH BENEFIT,
ACCOUNT VALUE AND CASH SURRENDER VALUE FOR A POLICY WOULD ALSO BE DIFFERENT FROM
THOSE SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE
ACCOUNTS AND THE RATES OF RETURN OF THE SEPARATE ACCOUNT IF THE ACTUAL RATES OF
INVESTMENT RETURN APPLICABLE TO THE POLICY AVERAGED 6%, BUT VARIED ABOVE OR
BELOW THAT AVERAGE FOR THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
DEATH BENEFIT OPTION: LEVEL
$1,000,000 FACE AMOUNT
$500,000 DEATH BENEFIT GUARANTEE AMOUNT
ISSUE AGE 55 MALE PREFERRED NON-NICOTINE
ISSUE AGE 55 FEMALE PREFERRED NON-NICOTINE
$10,000 PLANNED PREMIUM
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 0% (-0.73% NET)
<TABLE>
<CAPTION>
Current Charges Guaranteed Charges
Premiums ------------------------------------------- ------------------------------------------
End of Accumulated Cash Cash
Policy at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
<S> <C> <C> <C> <C> <C> <C> <C>
1 10,500 7,079 0 1,000,000 6,882 0 1,000,000
2 21,525 14,041 6,553 1,000,000 13,544 6,056 1,000,000
3 33,101 20,891 13,403 1,000,000 19,966 12,477 1,000,000
4 45,256 27,625 21,206 1,000,000 26,121 19,702 1,000,000
5 58,019 34,236 28,887 1,000,000 31,981 26,633 1,000,000
6 71,420 40,967 36,688 1,000,000 37,746 33,467 1,000,000
7 85,491 47,561 44,351 1,000,000 43,125 39,916 1,000,000
8 100,266 54,006 51,867 1,000,000 48,047 45,908 1,000,000
9 115,779 60,293 59,223 1,000,000 52,249 51,359 1,000,000
10 132,068 66,402 66,402 1,000,000 56,171 56,171 1,000,000
11 149,171 74,592 74,592 1,000,000 61,060 61,060 1,000,000
12 167,130 82,630 82,630 1,000,000 65,075 65,075 1,000,000
13 185,986 90,506 90,506 1,000,000 68,093 68,093 1,000,000
14 205,786 98,200 98,200 1,000,000 69,979 69,979 1,000,000
15 226,575 105,700 105,700 1,000,000 70,549 70,549 1,000,000
16 248,404 112,983 112,983 1,000,000 69,551 69,551 1,000,000
17 271,324 120,015 120,015 1,000,000 66,652 66,652 1,000,000
18 295,390 126,763 126,763 1,000,000 61,403 61,403 1,000,000
19 320,660 133,178 133,178 1,000,000 53,259 53,259 1,000,000
20 347,193 139,200 139,200 1,000,000 41,598 41,598 1,000,000
25 501,135 159,926 159,926 1,000,000 0 0 0
30 697,608 141,905 141,905 1,000,000 0 0 0
</TABLE>
* These values reflect investment results using current cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
** These values reflect investment results using guaranteed cost of
insurance rates, administrative fees, and Mortality and Expense
Risk rates.
These values reflect Current Front-End Sales Loads of 4% and
Guaranteed Front-End Sales Loads of 6% in all years. The
surrender charge effective in any year can be determined by
subtracting the cash surrender value from the account value.
The Death Benefit may, and the Account Values and Cash Surrender
Values will differ if premiums are paid in different amounts or
frequencies.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS
THAN THOSE SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE AND CASH SURRENDER VALUE FOR
A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF ACTUAL INVESTMENT RETURN
APPLICABLE TO THE POLICY AVERAGE 0% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED
ABOVE OR BELOW THAT AVERAGE FOR INDIVIDUAL POLICY YEARS. THE DEATH BENEFIT,
ACCOUNT VALUE AND CASH SURRENDER VALUE FOR A POLICY WOULD ALSO BE DIFFERENT FROM
THOSE SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE
ACCOUNTS AND THE RATES OF RETURN OF THE SEPARATE ACCOUNT IF THE ACTUAL RATES OF
INVESTMENT RETURN APPLICABLE TO THE POLICY AVERAGED 0%, BUT VARIED ABOVE OR
BELOW THAT AVERAGE FOR THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
PART C
<PAGE>
OTHER INFORMATION
Item 27. Exhibits
(a) Resolution of the Board of Directors of Hartford Life and Annuity
Insurance Company ("Hartford") authorizing the establishment of the
Separate Account.(1)
(b) Not Applicable.
(c) Principal Underwriting Agreement.(1)
(d) Form of Flexible Premium Variable Life Insurance Policy.(2)
(e) Form of Application for Flexible Premium Variable Life Insurance
Policies.(2)
(f) Certificate of Incorporation of Hartford(3) and Bylaws of Hartford.(1)
(g) Form of Reinsurance Contract.(4)
(h) Form of Participation Agreement.(4)
(i) Not Applicable.
(j) Not Applicable.
(k) Opinion and consent of Lynda Godkin, Senior Vice President, General
Counsel and Corporate Secretary.
(l) Opinion and Consent of Thomas P. Kalmbach, FSA, MAAA.
(m) Not Applicable.
--------
(1) Incorporated by reference to Pre-Effective Amendment No. 1 to the
Registration Statement on Form S-6, File No. 33-89988, of Hartford Life and
Annuity Insurance Company filed with the Securities and Exchange Commission
on May 1, 1996.
(2) Incorporated by reference to the Initial Filing of the Registration
Statement on Form S-6, File No. 333-67373, of Hartford Life and Annuity
Insurance Company filed with the Securities and Exchange Commission on
November 17, 1998.
(3) Incorporated by reference to Post-Effective Amendment No. 4 to the
Registration Statement on Form S-6, File No. 33-89988, of Hartford Life and
Annuity Insurance Company filed with the Securities and Exchange Commission
on July 20, 1998.
(4) Incorporated by reference to the Post-Effective Amendment No. 1 of the
Registration Statement on Form S-6, File No. 333-67373, of Hartford Life
and Annuity Insurance Company filed with the Securities and Exchange
Commission on April 13, 1999
<PAGE>
(n) Consent of Arthur Andersen LLP, Independent Public Accountants.
(o) No financial statement will be omitted.
(p) Not Applicable.
(q) Memorandum describing transfer and redemption procedures.(1)
(r) Power of Attorney.
(s) Organizational Chart.
Item 28. Officers and Directors.
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
NAME POSITION WITH HARTFORD
--------------------------------------------------------------------------------------------------------------------
<S> <S>
David A. Carlson Vice President
--------------------------------------------------------------------------------------------------------------------
Peter W. Cummins Senior Vice President
--------------------------------------------------------------------------------------------------------------------
Bruce W. Ferris Vice President
--------------------------------------------------------------------------------------------------------------------
Timothy M. Fitch Vice President & Actuary
--------------------------------------------------------------------------------------------------------------------
Mary Jane B. Fortin Vice President & Chief Accounting Officer
--------------------------------------------------------------------------------------------------------------------
David T. Foy Senior Vice President, Chief Financial Officer and Treasurer,
Director*
--------------------------------------------------------------------------------------------------------------------
Lynda Godkin Senior Vice President, General Counsel, and Corporate Secretary,
Director*
--------------------------------------------------------------------------------------------------------------------
Lois W. Grady Senior Vice President
--------------------------------------------------------------------------------------------------------------------
Stephen T. Joyce Senior Vice President
--------------------------------------------------------------------------------------------------------------------
Michael D. Keeler Vice President
--------------------------------------------------------------------------------------------------------------------
Robert A. Kerzner Senior Vice President
--------------------------------------------------------------------------------------------------------------------
Thomas M. Marra President, Director*
--------------------------------------------------------------------------------------------------------------------
Steven L. Matthiesen Vice President
--------------------------------------------------------------------------------------------------------------------
Deanne Osgood Vice President
--------------------------------------------------------------------------------------------------------------------
Craig R. Raymond Senior Vice President and Chief Actuary
--------------------------------------------------------------------------------------------------------------------
Lowndes A. Smith Chief Executive Officer, Director*
--------------------------------------------------------------------------------------------------------------------
David M. Znamierowski Senior Vice President and Chief Investment Officer, Director*
--------------------------------------------------------------------------------------------------------------------
</TABLE>
Unless otherwise indicated, the principal business address of each the above
individuals is P.O. Box 2999, Hartford, CT 06104-2999.
-----------------------------------
* Denotes Board of Directors of Hartford.
<PAGE>
Item 29. Persons Controlled By or Under Common Control with the Depositor or
Registrant
Filed herewith as Exhibit(s).
Item 30: Indemnification
Sections 33-770 to 33-778, inclusive, of the Connecticut General
Statutes ("CGS") provide that a corporation may provide indemnification
of or advance expenses to a director, officer, employee or agent.
Reference is hereby made to Section 33-771(e) of CGS regarding
indemnification of directors and Section 33-776(d) of CGS regarding
indemnification of officers, employees and agents of Connecticut
corporations. These statutes provide, in general, that Connecticut
corporations incorporated prior to January 1, 1997 shall, except to the
extent that their certificate of incorporation expressly provides
otherwise, indemnify their directors, officers, employees and agents
against "liability" (defined as the obligation to pay a judgment,
settlement, penalty, fine, including an excise tax assessed with
respect to an employee benefit plan, or reasonable expenses incurred
with respect to a proceeding) when (1) a determination is made pursuant
to Section 33-775 that the party seeking indemnification has met the
standard of conduct set forth in Section 33-771 or (2) a court has
determined that indemnification is appropriate pursuant to Section
33-774. Under Section 33-775, the determination of and the
authorization for indemnification are made (a) by the disinterested
directors, as defined in Section 33-770(3); (b) by special counsel; (c)
by the shareholders; or (d) in the case of indemnification of an
officer, agent or employee of the corporation, by the general counsel
of the corporation or such other officer(s) as the board of directors
may specify. Also, Section 33-772 provides that a corporation shall
indemnify an individual who was wholly successful on the merits or
otherwise against reasonable expenses incurred by him in connection
with a proceeding to which he was a party because he was a director of
the corporation. In the case of a proceeding by or in the right of the
corporation or with respect to conduct for which the director, officer,
agent or employee was adjudged liable on the basis that he received a
financial benefit to which he was not entitled, indemnification is
limited to reasonable expenses incurred in connection with the
proceeding against the corporation to which the individual was named a
party.
Under the Depositor's bylaws, the Depositor must indemnify both
directors and officers of the Depositor for (1) any claims and
liabilities to which they become subject by reason of being or having
been directors or officers of the Depositor and (2) legal and other
expenses incurred in defending against such claims, in each case, to
the extent such is consistent with statutory provisions.
Section 33-777 of CGS specifically authorizes a corporation to procure
indemnification insurance on behalf of an individual who was a
director, officer, employer or agent of the corporation. Consistent
with the statute, the directors and officers of the Depositor and
Hartford Equity Sales Company, Inc. ("HESCO") are covered under a
directors and
<PAGE>
officers liability insurance policy issued to The Hartford Financial
Services Group, Inc. and its subsidiaries.
Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or
otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid
by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the opinion
of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act
and will be governed by the final adjudication of such issue.
<PAGE>
Item 31. Principal Underwriters
(a) HESCO acts as principal underwriter for the following investment
companies:
Hartford Life Insurance Company - Separate Account VL I
Hartford Life Insurance Company - Separate Account VL II
Hartford Life Insurance Company - ICMG Secular Trust Separate
Account
Hartford Life Insurance Company - ICMG Registered Variable
Life Separate Account A
Hartford Life and Annuity Insurance Company - Separate Account VL I
Hartford Life and Annuity Insurance Company - Separate Account VL II
Hartford Life and Annuity Insurance Company - ICMG Registered
Variable Life Separate Account One
(b) Directors and Officers of HESCO
Name and Principal Positions and Offices
Business Address With Underwriter
---------------- ----------------------
David A. Carlson Vice President
Peter W. Cummins Senior Vice President
David T. Foy Treasurer
Lynda Godkin Senior Vice President, General Counsel
and Corporate Secretary
George R. Jay Controller
Robert A. Kerzner Executive Vice President, Director
Thomas M. Marra Executive Vice President, Director
Donald R. Salama Vice President
Lowndes A. Smith President and Chief Executive Officer,
Director
Unless otherwise indicated, the principal business address of each the above
individuals is P.O. Box 2999, Hartford, CT 06104-2999.
Item 32. Location of Accounts and Records
All of the accounts, books, records or other documents required to be
kept by Section 31(a) of the Investment Company Act of 1940 and rules
thereunder, are maintained by Hartford at 200 Hopmeadow Street,
Simsbury, Connecticut 06089.
<PAGE>
Item 33. Management Services
All management contracts are discussed in Part A and Part B of this Registration
Statement.
Item 34. Representation of Reasonableness of Fees
Hartford hereby represents that the aggregate fees and charges under the Policy
are reasonable in relation to the services rendered, the expenses expected to be
incurred, and the risks assumed by Hartford.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act and the Investment Company
Act, the Registrant certifies that it meets all of the requirements for
effectiveness of this registration statement under rule 485(b) under the
Securities Act and has duly caused this registration statement to be signed on
its behalf by the undersigned, duly authorized, in the Town of Simsbury, and
State of Connecticut on the 26th day of September, 2000.
HARTFORD LIFE AND ANNUITY INSURANCE
COMPANY - SEPARATE ACCOUNT VL II
(Registrant)
*By: David T. Foy
-------------------------------------------------
David T. Foy, Senior Vice President and Treasurer
*By: /s/ Christopher M. Grinnell
-----------------------------
Christopher M. Grinnell
Attorney-In-Fact
HARTFORD LIFE AND ANNUITY
INSURANCE COMPANY (Depositor)
*By: David T. Foy
-------------------------------------------------
David T. Foy, Senior Vice President and Treasurer
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons and in the capacities and on
the dates indicated.
David T. Foy, Senior Vice President, Chief
Financial Officer and Treasurer, Director*
Lynda Godkin, Senior Vice President, General
Counsel and Corporate Secretary, Director*
Thomas M. Marra, President, Director* *By: /s/ Christopher M. Grinnell
Lowndes A. Smith, Chief Executive Officer, -----------------------
Director* Christopher M. Grinnell
David M. Znamierowski, Senior Vice President Attorney-in-Fact
And Chief Investment Officer, Director* Date: September 26, 2000
<PAGE>
EXHIBIT INDEX
1.3 Opinion and Consent of Lynda Godkin, Senior Vice President, General Counsel
and Corporate Secretary.
1.4 Opinion and Consent of Thomas P. Kalmbach, FSA, MAAA.
1.5 Consent of Arthur Andersen LLP, Independent Public Accountants.
1.6 Power of Attorney
1.7 Organizational Chart
