Document:

<Page>

                                   EXHIBIT A-3

                      FORM OF INSTITUTIONAL DEFINITIVE NOTE

                                      A-3-1
<Page>

                                   EXHIBIT A-3
                      FORM OF INSTITUTIONAL DEFINITIVE NOTE

THIS NOTE IS A DEFINITIVE NOTE WITHIN THE MEANING OF THE INDENTURE (HEREINAFTER
DEFINED) AND IS REGISTERED IN THE NAME OF THE HOLDER (AS DEFINED IN THE
INDENTURE) HEREOF. THIS NOTE IS NOT EXCHANGEABLE FOR A GLOBAL NOTE (AS DEFINED
IN THE INDENTURE).

REGISTERED NO.:                CUSIP NO.:              PRINCIPAL AMOUNT: U.S. $

                   HARTFORD LIFE GLOBAL FUNDING [_____]-[___]

                            SECURED MEDIUM-TERM NOTES

<Table>
<S>                                                              <C>
Issuance Date:                                                   Floating Rate Note: / / Yes / / No. If yes,
Issue Price:                                                              Regular Floating Rate Notes / /
Stated Maturity Date:                                                     Inverse Floating Rate Notes / /
Settlement Date:                                                                   Fixed Interest Rate:
Securities Exchange Listing: / / Yes / / No. If yes,                      Floating Rate/ Fixed Rate Notes: / /
         indicate name(s) of Securities Exchange(s):                               Fixed Interest Rate:
         __________________________________.                                       Fixed Rate Commencement Date:
                                                                          Interest Rate Basis(es):
Authorized Denominations:                                                 CD Rate / /
Collateral held in the Trust: Hartford Life Insurance                     CMT Rate / /
  Company Funding Agreement No. -, all proceeds of the                             Designated CMT Telerate Page:
  Funding Agreement and all rights and books and records                                   If Telerate Page 7052:
  pertaining to the foregoing.                                                             / / Weekly Average
Additional Amounts to be Paid: / / Yes / / No                                              / / Monthly Average
Interest Rate or Formula:                                                          Designated CMT Maturity Index:
Fixed Rate Note: / / Yes / / No. If yes,                                  Commercial Paper Rate / /
         Interest Rate:                                                   Federal Funds Rate / /
         Interest Payment Dates:                                          LIBOR / /
         Day Count Convention:                                                     / / LIBOR Reuters Page:
         Additional/Other Terms:                                                   / / LIBOR Moneyline Telerate Page:
Amortizing Note: / / Yes / / No. If yes,                                           LIBOR Currency:
         Amortization schedule or formula:                                Prime Rate / /
         Additional/Other Terms:                                          Treasury Rate / /
Discount Note: / / Yes / / No. If yes,                                    Index Maturity:
         Total Amount of Discount:                                        Spread and/or Spread Multiplier:
         Initial Accrual Period of Discount:                              Initial Interest Rate, if any:
         Interest Payment Dates:                                          Initial Interest Reset Date:
         Additional/Other Terms:                                          Interest Reset Dates:
Redemption Provisions: / / Yes / / No. If yes,                            Interest Determination Date(s):
         Initial Redemption Date:                                         Interest Payment Dates:
         Initial Redemption Percentage:                                   Maximum Interest Rate, if any:
         Annual Redemption Percentage Reduction,
                 if any:
</Table>

<Page>

<Table>
<S>                                                              <C>
         Additional/Other Terms:                                          Minimum Interest Rate, if any:
Repayment Provisions: / / Yes / / No. If yes,                             Additional/Other Terms:
         Repayment Date(s):                                      Regular Record Date(s):
         Repayment Price:                                        Sinking Fund:
         Additional/Other Terms:                                 Day Count Convention:
                                                                 Specified Currency:
                                                                 Exchange Rate Agent:
                                                                 Calculation Agent:
                                                                 Additional/Other Terms:
</Table>

     The Hartford Life Global Funding Trust designated above (the "Trust"),
for value received, hereby promises to pay to ______________, or its registered
assigns, the Principal Amount specified above on the Stated Maturity Date
specified above and, if so specified above, to pay interest thereon from the
Issuance Date specified above or from the most recent Interest Payment Date
specified above to which interest has been paid or duly provided for at the
rate per annum determined in accordance with the provisions on the reverse
hereof and as specified above, until the principal hereof is paid or made
available for payment. Unless otherwise specified above, payments of
principal, premium, if any, and interest hereon will be made in the lawful
currency of the United States of America ("U.S. Dollars" or "United States
dollars"). If the Specified Currency specified above is other than U.S.
Dollars, the Holder (as defined in the Indenture) shall receive such payments
in such Foreign Currency (as hereinafter defined). The "Principal Amount" of
this Note at any time means (1) if this Note is a Discount Note (as
hereinafter defined), the Amortized Face Amount (as hereinafter defined) at
such time (as defined in SECTION 3(c) on the reverse hereof) and (2) in all
other cases, the Principal Amount hereof. Capitalized terms not otherwise
defined herein shall have their meanings set forth in the Indenture, dated as
of the date of the pricing supplement related to this note (the "Indenture"),
between JPMorgan Chase Bank, as the indenture trustee (the "Indenture
Trustee"), and the Trust, or on the face hereof.

     This Note will mature on the Stated Maturity Date, unless its principal (or
any installment of its principal) becomes due and payable prior to the Stated
Maturity Date, whether, as applicable, by the declaration of acceleration of
maturity, notice of redemption by the Trust or otherwise (the Stated Maturity
Date or any date prior to the Stated Maturity Date on which this Note becomes
due and payable, as the case may be, is referred to as the "Maturity Date").

     A "Discount Note" is any Note that has an Issue Price that is less than
100% of the Principal Amount thereof by more than a percentage equal to the
product of 0.25% and the number of full years to the Stated Maturity Date.

     Unless otherwise specified above, the interest payable on each Interest
Payment Date or the Maturity Date will be the amount of interest accrued from
and including the Issuance Date or from and including the last Interest Payment
Date to which interest has been paid or duly provided for, as the case may be,
to, but excluding, such Interest Payment Date or the Maturity Date, as the case
may be.

                                      A-3-2
<Page>

     Unless otherwise specified above, the interest payable on any Interest
Payment Date will be paid to the Holder on the Regular Record Date for such
Interest Payment Date, which Regular Record Date shall be the fifteenth (15th)
calendar day, whether or not a Business Day, immediately preceding the related
Interest Payment Date; PROVIDED that, notwithstanding any provision of the
Indenture to the contrary, interest payable on any Maturity Date shall be
payable to the Person to whom principal shall be payable; and PROVIDED, FURTHER,
that unless otherwise specified above, in the case of a Note initially issued
between a Regular Record Date and the Interest Payment Date relating to such
Regular Record Date, interest for the period beginning on the Issuance Date and
ending on such Interest Payment Date shall be paid on the Interest Payment Date
following the next succeeding Regular Record Date to the Holder on such next
succeeding Regular Record Date.

     The Trust will make payments of principal of, and premium, if any, on the
Maturity Date of this Note in immediately available funds against presentation
and surrender hereof (and, in the case of any repayment on a Repayment Date,
upon submission of a duly completed election form if and as required by the
provisions described on the reverse hereof) at the office or agency maintained
by the Trust for this purpose in the Borough of Manhattan, The City of New York.
The Trust will make payments of interest and other amounts due and owing, if
any, on the Maturity Date of this Note in immediately available funds and upon
the same conditions (as set forth in the preceding sentence) to the Person to
whom payment of the principal hereof and premium, if any, hereon shall be made.
The Trust will make payments of interest and other amounts due and owing, if
any, on this Note on any Interest Payment Date other than the Maturity Date by
check mailed to the Holder hereof as of the preceding Regular Record Date.
Notwithstanding the foregoing, the Paying Agent will make, or cause to be made,
payments of interest and other amounts due and owing, if any, on this Note on
any Interest Payment Date other than the Maturity Date to any Holder hereof as
of the preceding Regular Record Date of $10,000,000 (or, if the Specified
Currency is other than U.S. Dollars, the equivalent thereof in the particular
Specified Currency) or more in aggregate principal amount of the Note by wire
transfer of immediately available funds if the Holder hereof has delivered
appropriate wire transfer instructions in writing to the Indenture Trustee not
less than fifteen (15) calendar days prior to the particular Interest Payment
Date. Any wire transfer instructions received by the Indenture Trustee shall
remain in effect until revoked by the Holder hereof.

     Unless otherwise specified on the face hereof, the Holder hereof will not
be obligated to pay any administrative costs imposed by banks in making payments
in immediately available funds by the Trust. Unless otherwise specified on the
face hereof, any tax assessment or governmental charge imposed upon payments
hereunder, including, without limitation, any withholding tax, will be borne by
the Holder hereof.

     REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH
ON THE REVERSE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS IF SET FORTH AT THIS PLACE.

     Unless the certificate of authentication hereon shall have been executed by
the Indenture Trustee pursuant to the Indenture, this Note shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose.

                                      A-3-3
<Page>

     IN WITNESS WHEREOF, the Trust has caused this instrument to be duly
executed, by manual or facsimile signature.

                            THE HARTFORD LIFE GLOBAL FUNDING TRUST
                            SPECIFIED ON THE FACE OF THIS NOTE

Dated: [-]                  By: Wilmington Trust Company, not in its individual
                            capacity but solely as Delaware Trustee.

                            By:
                                ----------------------------------
                                Authorized Officer

                          CERTIFICATE OF AUTHENTICATION

     This is one of the Notes of the Hartford Life Global Funding Trust
specified on the face of this Note and referred to in the within-mentioned
Indenture.

                            JPMORGAN CHASE BANK
                            As Indenture Trustee

Dated: [-]

                            By:
                                -----------------------------
                                  authorized officer

                                      A-3-4
<Page>

                                [REVERSE OF NOTE]

SECTION 1. GENERAL. This Note is one of a duly authorized issue of Notes of the
Trust. The Notes are issued pursuant to the Indenture.

SECTION 2. CURRENCY.

       (a) Unless specified otherwise on the face hereof, this Note is
denominated in, and payments of principal, premium, if any, and/or interest, if
any, will be made in U.S. Dollars. If specified as the Specified Currency, this
Note may be denominated in, and payments of principal, premium, if any, and/or
interest, if any, may be made in a single currency other than U.S. Dollars (a
"Foreign Currency"). If this Note is denominated in a Foreign Currency, the
Holder of this Note is required to pay for this Note in the Specified Currency.

       (b) Unless specified otherwise on the face hereof, if this Note is
denominated in a Foreign Currency, the Trust is obligated to make payments of
principal of, and premium, if any, and interest, if any, on, this Note in the
Specified Currency. Any amounts so payable by the Trust in the Specified
Currency will be converted by the Exchange Rate Agent into U.S. Dollars for
payment to the Holder hereof unless otherwise specified on the face of this
Note or the Holder elects, in the manner described below, to receive these
amounts in the Specified Currency. If this Note is denominated in a Foreign
Currency, any U.S. Dollar amount to be received by the Holder hereof will be
based on the highest bid quotation in The City of New York received by the
Exchange Rate Agent at approximately 11:00 A.M., New York City time, on the
second Business Day preceding the applicable payment date from a recognized
foreign exchange dealer (which may be the Exchange Rate Agent) selected by the
Exchange Rate Agent and approved by the Trust for the purchase by the quoting
dealer of the Specified Currency for U.S. Dollars for settlement on that
payment date in the aggregate amount of the Specified Currency payable to all
Holders of the Notes scheduled to receive U.S. Dollar payments and at which
the applicable dealer commits to execute a contract. All currency exchange
costs will be borne by the Holders of the Notes by deductions from any
payments. If a bid quotation is not available, payments will be made in the
Specified Currency. If this Note is denominated in a Foreign Currency, the
Holder of this Note may elect to receive all or a specified portion of any
payment of principal, premium, if any, and/or interest, if any, in the
Specified Currency by submitting a written request to the Indenture Trustee at
its Corporate Trust Office in The City of New York on or prior to the
applicable Regular Record Date or at least 15 calendar days prior to the
Maturity Date, as the case may be. This written request may be mailed or hand
delivered or sent by cable, telex or other form of facsimile transmission.
This election will remain in effect until revoked by written notice delivered
to the Indenture Trustee on or prior to a Regular Record Date or at least 15
calendar days prior to the Maturity Date, as the case may be.

       (c) The Trust will indemnify the Holder hereof against any loss incurred
as a result of any judgment or order being given or made for any amount due
under this Note and that judgment or order requiring payment in a currency (the
"Judgment Currency") other than the Specified Currency, and as a result of any
variation between: (i) the rate of exchange at which the Specified Currency
amount is converted into the Judgment Currency for the purpose of that

                                      A-3-5
<Page>

judgment or order; and (ii) the rate of exchange at which the Holder, on the
date of payment of that judgment or order, is able to purchase the Specified
Currency with the amount of the Judgment Currency actually received.

       (d) Unless otherwise specified on the face hereof, if payment hereon is
required to be made in a Foreign Currency and such currency is unavailable due
to the imposition of exchange controls or other circumstances beyond the Trust's
control, then the Trust will be entitled to make payments with respect hereto in
U.S. Dollars on the basis of the Market Exchange Rate (as hereinafter defined),
computed by the Exchange Rate Agent, on the second Business Day prior to the
particular payment or, if the Market Exchange Rate is not then available, on the
basis of the most recently available Market Exchange Rate.

       (e) The "Market Exchange Rate" for the Foreign Currency shall mean the
noon dollar buying rate in The City of New York for cable transfers for the
Foreign Currency as certified for customs purposes (or, if not so certified, as
otherwise determined) by the Federal Reserve Bank of New York.

       (f) All determinations made by the Exchange Rate Agent shall be at its
sole discretion and shall, in the absence of manifest error, be conclusive for
all purposes and binding on the Holder hereof.

       (g) All costs of exchange in respect of this Note, if denominated in a
Foreign Currency, will be borne by the Holder hereof.

SECTION 3. DETERMINATION OF INTEREST RATE AND CERTAIN OTHER TERMS.

       (a) FIXED RATE NOTES. If this Note is specified on the face hereof as a
"Fixed Rate Note":

           (i) This Note will bear interest at the rate per annum specified on
           the face hereof. Interest on this Note will be computed on the basis
           of a 360-day year of twelve 30-day months.

           (ii) Unless otherwise specified on the face hereof, the Interest
           Payment Dates for this Note will be as follows:

<Table>
<Caption>
                INTEREST PAYMENT FREQUENCY       INTEREST PAYMENT DATES
                ------------------------------   -------------------------------
                <S>                              <C>
                Monthly                          Fifteenth day of each calendar
                                                 month, beginning in the first
                                                 calendar month following the
                                                 month this Note was issued.

                Quarterly                        Fifteenth day of every third
                                                 calendar month, beginning in
                                                 the third calendar month
                                                 following the month this Note
                                                 was issued.

                Semi-annual                      Fifteenth day of every sixth
                                                 calendar month, beginning in
                                                 the sixth calendar month
                                                 following the month this Note
                                                 was issued.
</Table>

                                      A-3-6
<Page>

<Table>
                <S>                              <C>
                Annual                           Fifteenth day of every twelfth
                                                 calendar month, beginning in
                                                 the twelfth calendar month
                                                 following the month this Note
                                                 was issued.
</Table>

           (iii) If any Interest Payment Date or the Maturity Date of this Note
           falls on a day that is not a Business Day, the Trust will make the
           required payment of principal, premium, if any, and/or interest or
           other amounts on the next succeeding Business Day, and no additional
           interest will accrue in respect of the payment made on that next
           succeeding Business Day.

       (b) FLOATING RATE NOTES. If this Note is specified on the face hereof as
           a "Floating Rate Note":

           (i) INTEREST RATE BASIS. Interest on this Note will be determined by
           reference to the applicable Interest Rate Basis or Interest Rate
           Bases, which may, as described below, include the CD Rate, the CMT
           Rate, the Commercial Paper Rate, the Federal Funds Rate, LIBOR, the
           Prime Rate or the Treasury Rate (each as defined below).

           (ii) EFFECTIVE RATE. The rate derived from the applicable Interest
           Rate Basis will be determined in accordance with the related
           provisions below. The interest rate in effect on each day will be
           based on: (1) if that day is an Interest Reset Date, the rate
           determined as of the Interest Determination Date immediately
           preceding that Interest Reset Date; or (2) if that day is not an
           Interest Reset Date, the rate determined as of the Interest
           Determination Date immediately preceding the most recent Interest
           Reset Date.

           (iii) SPREAD; SPREAD MULTIPLIER; INDEX MATURITY. The "Spread" is the
           number of basis points (one one-hundredth of a percentage point)
           specified on the face hereof to be added to or subtracted from the
           related Interest Rate Basis or Interest Rate Bases applicable to this
           Note. The "Spread Multiplier" is the percentage specified on the face
           hereof of the related Interest Rate Basis or Interest Rate Bases
           applicable to this Note by which the Interest Rate Basis or Interest
           Rate Bases will be multiplied to determine the applicable interest
           rate. The "Index Maturity" is the period to maturity of the
           instrument or obligation with respect to which the related Interest
           Rate Basis or Interest Rate Bases will be calculated.

           (iv) REGULAR FLOATING RATE NOTE. Unless this Note is specified on the
           face hereof as a Floating Rate/Fixed Rate Note or an Inverse Floating
           Rate Note, this Note (a "Regular Floating Rate Note") will bear
           interest at the rate determined by reference to the applicable
           Interest Rate Basis or Interest Rate Bases: (1) plus or minus the
           applicable Spread, if any; and/or (2) multiplied by the applicable
           Spread Multiplier, if any. Commencing on the first Interest Reset
           Date, the rate at which interest on this Regular Floating Rate Note
           is payable will be reset as of each Interest Reset Date; PROVIDED,
           HOWEVER, that the interest rate in effect for the period, if any,
           from the Issuance Date to the first Interest Reset Date will be the
           Initial Interest Rate.

                                      A-3-7
<Page>

           (v) FLOATING RATE/FIXED RATE NOTES. If this Note is specified on the
           face hereof as a "Floating Rate/Fixed Rate Note", this Note will bear
           interest at the rate determined by reference to the applicable
           Interest Rate Basis or Interest Rate Bases: (1) plus or minus the
           applicable Spread, if any; and/or (2) multiplied by the applicable
           Spread Multiplier, if any. Commencing on the first Interest Reset
           Date, the rate at which this Floating Rate/Fixed Rate Note is payable
           will be reset as of each Interest Reset Date; PROVIDED, HOWEVER,
           that: (A) the interest rate in effect for the period, if any, from
           the Issuance Date to the first Interest Reset Date will be the
           Initial Interest Rate specified on the face hereof; and (B) the
           interest rate in effect commencing on the Fixed Rate Commencement
           Date will be the Fixed Interest Rate, if specified on the face
           hereof, or, if not so specified, the interest rate in effect on the
           day immediately preceding the Fixed Rate Commencement Date.

           (vi) INVERSE FLOATING RATE NOTES. If this Note is specified on the
           face hereof as an "Inverse Floating Rate Note", this Note will bear
           interest at the Fixed Interest Rate minus the rate determined by
           reference to the applicable Interest Rate Basis or Interest Rate
           Bases: (1) plus or minus the applicable Spread, if any; and/or (2)
           multiplied by the applicable Spread Multiplier, if any; PROVIDED,
           HOWEVER, that interest on this Inverse Floating Rate Note will not be
           less than zero. Commencing on the first Interest Reset Date, the rate
           at which interest on this Inverse Floating Rate Note is payable will
           be reset as of each Interest Reset Date; PROVIDED, HOWEVER, that the
           interest rate in effect for the period, if any, from the Issuance
           Date to the first Interest Reset Date will be the Initial Interest
           Rate.

           (vii) INTEREST RESET DATES. The period between Interest Reset Dates
           will be the "Interest Reset Period." Unless otherwise specified on
           the face hereof, the Interest Reset Dates will be, in the case of
           this Floating Rate Note if by its terms it resets: (1) daily--each
           Business Day; (2) weekly--the Wednesday of each week, with the
           exception of any weekly reset Floating Rate Note as to which the
           Treasury Rate is an applicable Interest Rate Basis, which will reset
           the Tuesday of each week; (3) monthly--the fifteenth day of each
           calendar month; (4) quarterly--the fifteenth day of March, June,
           September and December of each year; (5) semi-annually--the fifteenth
           day of the two months of each year specified on the face hereof; and
           (6) annually--the fifteenth day of the month of each year specified
           on the face hereof; PROVIDED, HOWEVER, that, with respect to a
           Floating Rate/Fixed Rate Note, the rate of interest thereon will not
           reset after the particular Fixed Rate Commencement Date. If any
           Interest Reset Date for this Floating Rate Note would otherwise be a
           day that is not a Business Day, the particular Interest Reset Date
           will be postponed to the next succeeding Business Day, except that in
           the case of a Floating Rate Note as to which LIBOR is an applicable
           Interest Rate Basis and that Business Day falls in the next
           succeeding calendar month, the particular Interest Reset Date will be
           the immediately preceding Business Day.

           (viii) INTEREST DETERMINATION DATES. The interest rate applicable to
           a Floating Rate Note for an Interest Reset Period commencing on the
           related Interest Reset Date will be determined by reference to the
           applicable Interest Rate Basis as of the particular "Interest
           Determination Date", which will be: (1) with respect to the
           Commercial

                                      A-3-8
<Page>

           Paper Rate, Federal Funds Rate and the Prime Rate--the Business Day
           immediately preceding the related Interest Reset Date; (2) with
           respect to the CD Rate and the CMT Rate--the second Business
           Day preceding the related Interest Reset Date; (3) with respect to
           LIBOR--the second London Banking Day preceding the related Interest
           Reset Date, unless the applicable LIBOR Currency is (A) pounds
           sterling, in which case the Interest Determination Date will be the
           related Interest Reset Date, or (B) euro, in which case the Interest
           Determination Date will be the second TARGET Settlement Day preceding
           the applicable Interest Reset Date; and (4) with respect to the
           Treasury Rate--the day of the week in which the related Interest
           Reset Date falls on which day Treasury Bills (as defined below)
           are normally auctioned (i.e., Treasury Bills are normally
           sold at auction on Monday of each week, unless that day is a legal
           holiday, in which case the auction is normally held on the
           following Tuesday, except that the auction may be held on the
           preceding Friday); PROVIDED, HOWEVER, that if an auction is held on
           the Friday of the week preceding the related Interest Reset Date,
           the Interest Determination Date will be the preceding Friday. The
           Interest Determination Date pertaining to a Floating Rate Note, the
           interest rate of which is determined with reference to two or more
           Interest Rate Bases, will be the latest Business Day which is at
           least two Business Days before the related Interest Reset Date for
           the applicable Floating Rate Note on which each Interest Reset
           Basis is determinable. "TARGET Settlement Day" means a day on which
           the TARGET System is open.

           (ix) CALCULATION DATES. The interest rate applicable to each Interest
           Reset Period will be determined by the Calculation Agent on or prior
           to the Calculation Date (as defined below), except with respect to
           LIBOR, which will be determined on the particular Interest
           Determination Date. Upon request of the Holder of a Floating Rate
           Note, the Calculation Agent will disclose the interest rate then in
           effect and, if determined, the interest rate that will become
           effective as a result of a determination made for the next succeeding
           Interest Reset Date with respect to such Floating Rate Note. The
           "Calculation Date", if applicable, pertaining to any Interest
           Determination Date will be the earlier of: (1) the tenth calendar day
           after the particular Interest Determination Date or, if such day is
           not a Business Day, the next succeeding Business Day; or (2) the
           Business Day immediately preceding the applicable Interest Payment
           Date or the Maturity Date, as the case may be.

           (x) MAXIMUM OR MINIMUM INTEREST RATE. If specified on the face
           hereof, this Note may have either or both of a Maximum Interest Rate
           or a Minimum Interest Rate. If a Maximum Interest Rate is so
           designated, the interest rate for a Floating Rate Note cannot ever
           exceed such Maximum Interest Rate and in the event that the interest
           rate on any Interest Reset Date would exceed such Maximum Interest
           Rate (as if no Maximum Interest Rate were in effect) then the
           interest rate on such Interest Reset Date shall be the Maximum
           Interest Rate. If a Minimum Interest Rate is so designated, the
           interest rate for a Floating Rate Note cannot ever be less than such
           Minimum Interest Rate and in the event that the interest rate on any
           Interest Reset Date would be less than such Minimum Interest Rate (as
           if no Minimum Interest Rate were in effect) then the interest rate on
           such Interest Reset Date shall be the Minimum Interest Rate.
           Notwithstanding anything to the contrary contained herein, the
           interest rate on a Floating Rate Note shall not exceed the maximum
           interest rate permitted by applicable law.

           (xi) INTEREST PAYMENTS. Unless otherwise specified on the face
           hereof, the Interest Payment Dates will be, in the case of a Floating
           Rate Note which resets: (1) daily,

                                      A-3-9
<Page>

           weekly or monthly--the fifteenth day of each calendar month or on the
           fifteenth day of March, June, September and December of each year, as
           specified on the face hereof; (2) quarterly--the fifteenth day of
           March, June, September and December of each year; (3)
           semi-annually--the fifteenth day of the two months of each year
           specified on the face hereof; and (4) annually--the fifteenth day of
           the month of each year as specified on the face hereof. In addition,
           the Maturity Date will also be an Interest Payment Date. If any
           Interest Payment Date other than the Maturity Date for this Floating
           Rate Note would otherwise be a day that is not a Business Day, such
           Interest Payment Date will be postponed to the next succeeding
           Business Day, except that in the case of a Floating Rate Note as to
           which LIBOR is an applicable Interest Rate Basis and that Business
           Day falls in the next succeeding calendar month, the particular
           Interest Payment Date will be the immediately preceding Business Day.
           If the Maturity Date of a Floating Rate Note falls on a day that is
           not a Business Day, the Trust will make the required payment of
           principal, premium, if any, and interest or other amounts on the next
           succeeding Business Day, and no additional interest will accrue in
           respect of the payment made on that next succeeding Business Day.

           (xii) ROUNDING. Unless otherwise specified on the face hereof, all
           percentages resulting from any calculation on this Floating Rate Note
           will be rounded to the nearest one hundred-thousandth of a percentage
           point, with five one-millionths of a percentage point rounded
           upwards. All dollar amounts used in or resulting from any calculation
           on this Floating Rate Note will be rounded, in the case of U.S.
           Dollars, to the nearest cent or, in the case of a Foreign Currency,
           to the nearest unit (with one-half cent or unit being rounded
           upwards).

           (xiii) INTEREST FACTOR. With respect to a Floating Rate Note, accrued
           interest is calculated by multiplying the principal amount of such
           Note by an accrued interest factor. The accrued interest factor is
           computed by adding the interest factor calculated for each day in the
           particular Interest Reset Period. The interest factor for each day
           will be computed by dividing the interest rate applicable to such day
           by 360, in the case of a Floating Rate Note as to which the CD Rate,
           the Commercial Paper Rate, the Federal Funds Rate, LIBOR or the Prime
           Rate is an applicable Interest Rate Basis, or by the actual number of
           days in the year, in the case of a Floating Rate Note as to which the
           CMT Rate or the Treasury Rate is an applicable Interest Rate Basis.
           The interest factor for a Floating Rate Note as to which the interest
           rate is calculated with reference to two or more Interest Rate Bases
           will be calculated in each period in the same manner as if only the
           Interest Rate Basis specified under "Additional/Other Terms" applied.

           (xiv) DETERMINATION OF INTEREST RATE BASIS. The Calculation Agent
           shall determine the rate derived from each Interest Rate Basis in
           accordance with the following provisions.

               (1) CD RATE NOTES. If the Interest Rate Basis is the CD Rate,
               this Note shall be deemed a "CD Rate Note." Unless otherwise
               specified on the face hereof, "CD Rate" means, from the Issuance
               Date to the first Interest Reset Date, the Initial Interest Rate,
               if any, and thereafter:

                                     A-3-10
<Page>

                    (A) the rate on the particular Interest Determination Date
                    for negotiable United States dollar certificates of deposit
                    having the Index Maturity specified on the face hereof as
                    published in H.15(519) (as defined below) under the caption
                    "CDs (secondary market)"; or

                    (B) if the rate referred to in clause (A) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date for negotiable United States dollar
                    certificates of deposit of the particular Index Maturity as
                    published in H.15 Daily Update (as defined below), or other
                    recognized electronic source used for the purpose of
                    displaying the applicable rate, under the caption "CDs
                    (secondary market)"; or

                    (C) if the rate referred to in clause (B) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the arithmetic mean of the secondary market offered rates as
                    of 10:00 A.M., New York City time, on that Interest
                    Determination Date, of three leading non-bank dealers in
                    negotiable United States dollar certificates of deposit in
                    The City of New York (which may include the purchasing agent
                    or its affiliates) selected by the Calculation Agent for
                    negotiable United States dollar certificates of deposit of
                    major United States money market banks for negotiable United
                    States certificates of deposit with a remaining maturity
                    closest to the particular Index Maturity in an amount that
                    is representative for a single transaction in that market at
                    that time; or

                    (D) if the dealers so selected by the Calculation Agent are
                    not quoting as mentioned in clause (C), the CD Rate in
                    effect on the particular Interest Determination Date.

               "H.15(519)" means the weekly statistical release designated as
               H.15(519), or any successor publication, published by the Board
               of Governors of the Federal Reserve System.

               "H.15 Daily Update" means the daily update of H.15(519),
               available through the world-wide-web site of the Board of
               Governors of the Federal Reserve System at
               http//www.federalreserve.gov/releases/H15/update, or any
               successor site or publication.

               (2) CMT RATE NOTES. If the Interest Rate Basis is the CMT Rate,
               this Note shall be deemed a "CMT Rate Note." Unless otherwise
               specified on the face hereof, "CMT Rate" means, from the Issuance
               Date to the first Interest Reset Date, the Initial Interest Rate,
               if any, and thereafter:

                    (A) if CMT Moneyline Telerate Page 7051 is specified on the
                    face hereof:

                                     A-3-11
<Page>

                         i.      the percentage equal to the yield for United
                                 States Treasury securities at "constant
                                 maturity" having the Index Maturity specified
                                 on the face hereof as published in H.15(519)
                                 under the caption "Treasury Constant
                                 Maturities", as the yield is displayed on
                                 Moneyline Telerate (or any successor service)
                                 on page 7051 (or any other page as may replace
                                 the specified page on that service) ("Moneyline
                                 Telerate Page 7051"), for the particular
                                 Interest Determination Date; or

                         ii.     if the rate referred to in clause (i) does not
                                 so appear on Moneyline Telerate Page 7051, the
                                 percentage equal to the yield for United States
                                 Treasury securities at "constant maturity"
                                 having the particular Index Maturity and for
                                 the particular Interest Determination Date as
                                 published in H.15(519) under the caption
                                 "Treasury Constant Maturities"; or

                         iii.    if the rate referred to in clause (ii) does not
                                 so appear in H.15(519), the rate on the
                                 particular Interest Determination Date for the
                                 period of the particular Index Maturity as may
                                 then be published by either the Federal Reserve
                                 System Board of Governors or the United States
                                 Department of the Treasury that the Calculation
                                 Agent determines to be comparable to the rate
                                 which would otherwise have been published in
                                 H.15(519); or

                         iv.     if the rate referred to in clause (iii) is not
                                 so published, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent as a yield to maturity based
                                 on the arithmetic mean of the secondary market
                                 bid prices at approximately 3:30 P.M., New York
                                 City time, on that Interest Determination Date
                                 of three leading primary United States
                                 government securities dealers in The City of
                                 New York (which may include the purchasing
                                 agent or its affiliates) (each, a "Reference
                                 Dealer") selected by the Calculation Agent from
                                 five Reference Dealers selected by the
                                 Calculation Agent and eliminating the highest
                                 quotation, or, in the event of equality, one of
                                 the highest, and the lowest quotation or, in
                                 the event of equality, one of the lowest, for
                                 United States Treasury securities with an
                                 original maturity equal to the particular Index
                                 Maturity, a remaining term to maturity no more
                                 than one year shorter than that Index Maturity
                                 and in a principal amount that is
                                 representative for a single transaction in the
                                 securities in that market at that time; or

                         v.      if fewer than five but more than two of the
                                 prices referred to in clause (iv) are provided
                                 as requested, the rate on the particular

                                     A-3-12
<Page>

                                 Interest Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations shall
                                 be eliminated; or

                         vi.     if fewer than three prices referred to in
                                 clause (iv) are provided as requested, the rate
                                 on the particular Interest Determination Date
                                 calculated by the Calculation Agent as a yield
                                 to maturity based on the arithmetic mean of the
                                 secondary market bid prices as of approximately
                                 3:30 P.M., New York City time, on that Interest
                                 Determination Date of three Reference Dealers
                                 selected by the Calculation Agent from five
                                 Reference Dealers selected by the Calculation
                                 Agent and eliminating the highest quotation or,
                                 in the event of equality, one of the highest
                                 and the lowest quotation or, in the event of
                                 equality, one of the lowest, for United States
                                 Treasury securities with an original maturity
                                 greater than the particular Index Maturity, a
                                 remaining term to maturity closest to that
                                 Index Maturity and in a principal amount that
                                 is representative for a single transaction in
                                 the securities in that market at that time; or

                         vii.    if fewer than five but more than two prices
                                 referred to in clause (vi) are provided as
                                 requested, the rate on the particular Interest
                                 Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations will
                                 be eliminated; or

                         viii.   if fewer than three prices referred to in
                                 clause (vi) are provided as requested, the CMT
                                 Rate in effect on the particular Interest
                                 Determination Date; or

                    (B) if CMT Moneyline Telerate Page 7052 is specified on the
                    face hereof:

                         i.      the percentage equal to the one-week or
                                 one-month, as specified on the face hereof,
                                 average yield for United States Treasury
                                 securities at "constant maturity" having the
                                 Index Maturity specified on the face hereof as
                                 published in H.15(519) opposite the caption
                                 "Treasury Constant Maturities", as the yield is
                                 displayed on Moneyline Telerate (or any
                                 successor service) (on page 7052 or any other
                                 page as may replace the specified page on that
                                 service) ("Moneyline Telerate Page 7052"), for
                                 the week or month, as applicable, ended
                                 immediately preceding the week or month, as
                                 applicable, in which the particular Interest
                                 Determination Date falls; or

                                     A-3-13
<Page>

                         ii.     if the rate referred to in clause (i) does not
                                 so appear on Moneyline Telerate Page 7052, the
                                 percentage equal to the one-week or one-month,
                                 as specified on the face hereof, average yield
                                 for United States Treasury securities at
                                 "constant maturity" having the particular Index
                                 Maturity and for the week or month, as
                                 applicable, preceding the particular Interest
                                 Determination Date as published in H.15(519)
                                 opposite the caption "Treasury Constant
                                 Maturities"; or

                         iii.    if the rate referred to in clause (ii) does not
                                 so appear in H.15(519), the one-week or
                                 one-month, as specified on the face hereof,
                                 average yield for United States Treasury
                                 securities at "constant maturity" having the
                                 particular Index Maturity as otherwise
                                 announced by the Federal Reserve Bank of New
                                 York for the week or month, as applicable,
                                 ended immediately preceding the week or month,
                                 as applicable, in which the particular Interest
                                 Determination Date falls; or

                         iv.     if the rate referred to in clause (iii) is not
                                 so published, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent as a yield to maturity based
                                 on the arithmetic mean of the secondary market
                                 bid prices at approximately 3:30 P.M., New York
                                 City time, on that Interest Determination Date
                                 of three Reference Dealers selected by the
                                 Calculation Agent from five Reference Dealers
                                 selected by the Calculation Agent and
                                 eliminating the highest quotation, or, in the
                                 event of equality, one of the highest, and the
                                 lowest quotation or, in the event of equality,
                                 one of the lowest, for United States Treasury
                                 securities with an original maturity equal to
                                 the particular Index Maturity, a remaining term
                                 to maturity no more than one year shorter than
                                 that Index Maturity and in a principal amount
                                 that is representative for a single transaction
                                 in the securities in that market at that time;
                                 or

                         v.      if fewer than five but more than two of the
                                 prices referred to in clause (iv) are provided
                                 as requested, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations shall
                                 be eliminated; or

                         vi.     if fewer than three prices referred to in
                                 clause (iv) are provided as requested, the rate
                                 on the particular Interest Determination Date
                                 calculated by the Calculation Agent as a yield
                                 to maturity based on the arithmetic mean of the
                                 secondary market bid prices as of approximately
                                 3:30 P.M., New York City time, on

                                     A-3-14
<Page>

                                 that Interest Determination Date of three
                                 Reference Dealers selected by the Calculation
                                 Agent from five Reference Dealers selected by
                                 the Calculation Agent and eliminating the
                                 highest quotation or, in the event of equality,
                                 one of the highest and the lowest quotation or,
                                 in the event of equality, one of the lowest,
                                 for United States Treasury securities with an
                                 original maturity greater than the particular
                                 Index Maturity, a remaining term to maturity
                                 closest to that Index Maturity and in a
                                 principal amount that is representative for a
                                 single transaction in the securities in that
                                 market at the time; or

                         vii.    if fewer than five but more than two prices
                                 referred to in clause (vi) are provided as
                                 requested, the rate on the particular Interest
                                 Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations will
                                 be eliminated; or

                         viii.   if fewer than three prices referred to in
                                 clause (vi) are provided as requested, the CMT
                                 Rate in effect on that Interest Determination
                                 Date.

                    If two United States Treasury securities with an original
                    maturity greater than the Index Maturity specified on the
                    face hereof have remaining terms to maturity equally close
                    to the particular Index Maturity, the quotes for the United
                    States Treasury security with the shorter original remaining
                    term to maturity will be used.

               (3) COMMERCIAL PAPER RATE NOTES. If the Interest Rate Basis is
               the Commercial Paper Rate, this Note shall be deemed a
               "Commercial Paper Rate Note." Unless otherwise specified on the
               face hereof, "Commercial Paper Rate" means, from the Issuance
               Date to the first Interest Reset Date, the Initial Interest Rate,
               if any, and thereafter:

                    (A) the Money Market Yield (as defined below) on the
                    particular Interest Determination Date of the rate for
                    commercial paper having the Index Maturity specified on the
                    face hereof as published in H.15(519) under the caption
                    "Commercial Paper--Nonfinancial"; or

                    (B) if the rate referred to in clause (A) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the Money Market Yield of the rate on the
                    particular Interest Determination Date for commercial paper
                    having the particular Index Maturity as published in H.15
                    Daily Update, or such other recognized electronic source
                    used for the purpose of displaying the applicable rate,
                    under the caption "Commercial Paper--Nonfinancial"; or

                                     A-3-15
<Page>

                    (C) if the rate referred to in clause (B) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the Money Market Yield of the arithmetic mean of the offered
                    rates at approximately 11:00 A.M., New York City time, on
                    that Interest Determination Date of three leading dealers of
                    United States dollar commercial paper in The City of New
                    York (which may include the purchasing agent or its
                    affiliates) selected by the Calculation Agent for commercial
                    paper having the particular Index Maturity placed for
                    industrial issuers whose bond rating is "Aa", or the
                    equivalent, from a nationally recognized statistical rating
                    organization; or

                    (D) if the dealers so selected by the Calculation Agent are
                    not quoting as mentioned in clause (C), the Commercial Paper
                    Rate in effect on the particular Interest Determination
                    Date.

               "Money Market Yield" means a yield (expressed as a percentage)
               calculated in accordance with the following formula:

                    Money Market Yield =         D X 360       X 100
                                            -----------------
                                              360 - (D X M)

               where "D" refers to the applicable per annum rate for commercial
               paper quoted on a bank discount basis and expressed as a decimal,
               and "M" refers to the actual number of days in the applicable
               Interest Reset Period.

               (4) FEDERAL FUNDS RATE NOTES. If the Interest Rate Basis is the
               Federal Funds Rate, this Note shall be deemed a "Federal Funds
               Rate Note." Unless otherwise specified on the face hereof,
               "Federal Funds Rate" means, from the Issuance Date to the first
               Interest Reset Date, the Initial Interest Rate, if any, and
               thereafter:

                    (A) the rate on the particular Interest Determination Date
                    for United States dollar federal funds as published in
                    H.15(519) under the caption "Federal Funds (Effective)" and
                    displayed on Moneyline Telerate (or any successor service)
                    on page 120 (or any other page as may replace the specified
                    page on that service) ("Moneyline Telerate Page 120"); or

                    (B) if the rate referred to in clause (A) does not so appear
                    on Moneyline Telerate Page 120 or is not so published by
                    3:00 P.M., New York City time, on the related Calculation
                    Date, the rate on the particular Interest Determination Date
                    for United States dollar federal funds as published in H.15
                    Daily Update, or such other recognized electronic source
                    used for the purpose of displaying the applicable rate,
                    under the caption "Federal Funds (Effective)"; or

                    (C) if the rate referred to in clause (B) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent

                                     A-3-16
<Page>

                    as the arithmetic mean of the rates for the last transaction
                    in overnight United States dollar federal funds arranged by
                    three leading brokers of United States dollar federal funds
                    transactions in The City of New York (which may include the
                    purchasing agent or its affiliates) selected by the
                    Calculation Agent prior to 9:00 A.M., New York City time, on
                    that Interest Determination Date; or

                    (D) if the brokers so selected by the Calculation Agent are
                    not quoting as mentioned in clause (C), the Federal Funds
                    Rate in effect on the particular Interest Determination
                    Date.

               (5) LIBOR NOTES. If the Interest Rate Basis is LIBOR, this Note
               shall be deemed a "LIBOR Note." Unless otherwise specified on the
               face hereof, "LIBOR" means, from the Issuance Date to the first
               Interest Reset Date, the Initial Interest Rate, if any, and
               thereafter:

                    (A) if "LIBOR Moneyline Telerate" is specified on the face
                    hereof or if neither "LIBOR Reuters" nor "LIBOR Moneyline
                    Telerate" is specified on the face hereof as the method for
                    calculating LIBOR, the rate for deposits in the LIBOR
                    Currency (as defined below) having the Index Maturity
                    specified on the face hereof, commencing on the related
                    Interest Reset Date, that appears on the LIBOR Page (as
                    defined below) as of 11:00 A.M., London time, on the
                    particular Interest Determination Date; or

                    (B) if "LIBOR Reuters" is specified on the face hereof, the
                    arithmetic mean of the offered rates, calculated by the
                    Calculation Agent, or the offered rate, if the LIBOR Page by
                    its terms provides only for a single rate, for deposits in
                    the LIBOR Currency having the particular Index Maturity,
                    commencing on the related Interest Reset Date, that appear
                    or appears, as the case may be, on the LIBOR Page as of
                    11:00 A.M., London time, on the particular Interest
                    Determination Date; or

                    (C) if fewer than two offered rates appear, or no rate
                    appears, as the case may be, on the particular Interest
                    Determination Date on the LIBOR Page as specified in clause
                    (A) or (B), as applicable, the rate calculated by the
                    Calculation Agent as the arithmetic mean of at least two
                    offered quotations obtained by the Calculation Agent after
                    requesting the principal London offices of each of four
                    major reference banks (which may include affiliates of the
                    purchasing agent) in the London interbank market to provide
                    the Calculation Agent with its offered quotation for
                    deposits in the LIBOR Currency for the period of the
                    particular Index Maturity, commencing on the related
                    Interest Reset Date, to prime banks in the London interbank
                    market at approximately 11:00 A.M., London time, on that
                    Interest Determination Date and in a principal amount that
                    is representative for a single transaction in the LIBOR
                    Currency in that market at that time; or

                                     A-3-17
<Page>

                    (D) if fewer than two offered quotations referred to in
                    clause (C) are provided as requested, the rate calculated by
                    the Calculation Agent as the arithmetic mean of the rates
                    quoted at approximately 11:00 A.M., in the applicable
                    Principal Financial Center, on the particular Interest
                    Determination Date by three major banks (which may include
                    affiliates of the purchasing agent) in that Principal
                    Financial Center selected by the Calculation Agent for loans
                    in the LIBOR Currency to leading European banks, having the
                    particular Index Maturity and in a principal amount that is
                    representative for a single transaction in the LIBOR
                    Currency in that market at that time; or

                    (E) if the banks so selected by the Calculation Agent are
                    not quoting as mentioned in clause (D), LIBOR in effect on
                    the particular Interest Determination Date.

               "LIBOR Currency" means the currency specified on the face hereof
               as to which LIBOR shall be calculated or, if no currency is
               specified on the face hereof, United States dollars.

               "LIBOR Page" means either: (1) if "LIBOR Reuters" is specified on
               the face hereof, the display on the Reuter Monitor Money Rates
               Service (or any successor service) on the page specified on the
               face hereof (or any other page as may replace that page on that
               service) for the purpose of displaying the London interbank rates
               of major banks for the LIBOR Currency; or (2) if "LIBOR Moneyline
               Telerate" is specified on the face hereof or neither "LIBOR
               Reuters" nor "LIBOR Moneyline Telerate" is specified on the face
               hereof as the method for calculating LIBOR, the display on
               Moneyline Telerate (or any successor service) on the page
               specified on the face hereof (or any other page as may replace
               such page on such service), or if no such page is specified, on
               the Moneyline Telerate (or any successor service) page generally
               used for the purpose of displaying the London interbank rates of
               major banks for the LIBOR Currency.

               (6) PRIME RATE NOTES. If the Interest Rate Basis is the Prime
               Rate, this Note shall be deemed a "Prime Rate Note." Unless
               otherwise specified on the face hereof, "Prime Rate" means, from
               the Issuance Date to the first Interest Reset Date, the Initial
               Interest Rate, if any, and thereafter:

                    (A) the rate on the particular Interest Determination Date
                    as published in H.15(519) under the caption "Bank Prime
                    Loan"; or

                    (B) if the rate referred to in clause (A) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date as published in H.15 Daily Update, or
                    such other recognized electronic source used for the purpose
                    of displaying the applicable rate, under the caption "Bank
                    Prime Loan", or

                                     A-3-18
<Page>

                    (C) if the rate referred to in clause (B) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the arithmetic mean of the rates of interest publicly
                    announced by each bank that appears on the Reuters Screen US
                    PRIME 1 Page (as defined below) as the applicable bank's
                    prime rate or base lending rate as of 11:00 A.M., New York
                    City time, on that Interest Determination Date; or

                    (D) if fewer than four rates referred to in clause (C) are
                    so published by 3:00 p.m., New York City time, on the
                    related Calculation Date, the rate calculated by the
                    Calculation Agent on the particular Interest Determination
                    Date as the arithmetic mean of the prime rates or base
                    lending rates quoted on the basis of the actual number of
                    days in the year divided by a 360-day year as of the close
                    of business on that Interest Determination Date by three
                    major banks (which may include affiliates of the purchasing
                    agent) in The City of New York selected by the Calculation
                    Agent; or

                    (E) if the banks so selected by the Calculation Agent are
                    not quoting as mentioned in clause (D), the Prime Rate in
                    effect on the particular Interest Determination Date.

               "Reuters Screen US PRIME 1 Page" means the display on the Reuter
               Monitor Money Rates Service (or any successor service) on the "US
               PRIME 1" page (or any other page as may replace that page on that
               service) for the purpose of displaying prime rates or base
               lending rates of major United States banks.

               (7) TREASURY RATE NOTES. If the Interest Rate Basis is the
               Treasury Rate, this Note shall be deemed a "Treasury Rate Note."
               Unless otherwise specified on the face hereof, "Treasury Rate"
               means, from the Issuance Date to the first Interest Reset Date,
               the Initial Interest Rate, if any, and thereafter:

                    (A) the rate from the auction held on the Interest
                    Determination Date (the "Auction") of direct obligations of
                    the United States ("Treasury Bills") having the Index
                    Maturity specified on the face hereof under the caption
                    "INVESTMENT RATE" on the display on Moneyline Telerate (or
                    any successor service) on page 56 (or any other page as may
                    replace that page on that service) ("Moneyline Telerate Page
                    56") or page 57 (or any other page as may replace that page
                    on that service) ("Moneyline Telerate Page 57"); or

                    (B) if the rate referred to in clause (A) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the Bond Equivalent Yield (as defined
                    below) of the rate for the applicable Treasury Bills as
                    published in H.15 Daily Update, or another recognized
                    electronic source used for the purpose of displaying the
                    applicable rate, under the caption "U.S. Government
                    Securities/Treasury Bills/Auction High"; or

                                     A-3-19
<Page>

                    (C) if the rate referred to in clause (B) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the Bond Equivalent Yield of the auction
                    rate of the applicable Treasury Bills as announced by the
                    United States Department of the Treasury; or

                    (D) if the rate referred to in clause (C) is not so
                    announced by the United States Department of the Treasury,
                    or if the Auction is not held, the Bond Equivalent Yield of
                    the rate on the particular Interest Determination Date of
                    the applicable Treasury Bills as published in H.15(519)
                    under the caption "U.S. Government Securities/Treasury
                    Bills/Secondary Market"; or

                    (E) if the rate referred to in clause (D) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date of the applicable Treasury Bills as
                    published in H.15 Daily Update, or another recognized
                    electronic source used for the purpose of displaying the
                    applicable rate, under the caption "U.S. Government
                    Securities/Treasury Bills/Secondary Market"; or

                    (F) if the rate referred to in clause (E) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the Bond Equivalent Yield of the arithmetic mean of the
                    secondary market bid rates, as of approximately 3:30 P.M.,
                    New York City time, on that Interest Determination Date, of
                    three primary United States government securities dealers
                    (which may include the purchasing agent or its affiliates)
                    selected by the Calculation Agent, for the issue of Treasury
                    Bills with a remaining maturity closest to the Index
                    Maturity specified on the face hereof; or

                    (G) if the dealers so selected by the Calculation Agent are
                    not quoting as mentioned in clause (F), the Treasury Rate in
                    effect on the particular Interest Determination Date.

               "Bond Equivalent Yield" means a yield (expressed as a percentage)
               calculated in accordance with the following formula:

                    Bond Equivalent Yield =        D X N        X 100
                                             ----------------
                                               360 - (D X M)

               where "D" refers to the applicable per annum rate for Treasury
               Bills quoted on a bank discount basis and expressed as a decimal,
               "N" refers to 365 or 366, as the case may be, and "M" refers to
               the actual number of days in the applicable Interest Reset
               Period.

       (c) DISCOUNT NOTES. If this Note is specified on the face hereof as a
       "Discount Note":

                                     A-3-20
<Page>

           (i) PRINCIPAL AND INTEREST. This Note will bear interest in the same
           manner as set forth in Section 3(a) above, and payments of principal
           and interest shall be made as set forth on the face hereof. Discount
           Notes may not bear any interest currently or may bear interest at a
           rate that is below market rates at the time of issuance. The
           difference between the Issue Price of a Discount Note and par is
           referred to as the "Discount".

           (ii) REDEMPTION; REPAYMENT; ACCELERATION. In the event a Discount
           Note is redeemed, repaid or accelerated, the amount payable to the
           Holder of such Discount Note will be equal to the sum of: (A) the
           Issue Price (increased by any accruals of Discount) and, in the event
           of any redemption of such Discount Note, if applicable, multiplied by
           the Initial Redemption Percentage (as adjusted by the Annual
           Redemption Percentage Reduction, if applicable); and (B) any unpaid
           interest accrued on such Discount Note to the Maturity Date
           ("Amortized Face Amount"). Unless otherwise specified on the face
           hereof, for purposes of determining the amount of Discount that has
           accrued as of any date on which a redemption, repayment or
           acceleration of maturity occurs for a Discount Note, a Discount will
           be accrued using a constant yield method. The constant yield will be
           calculated using a 30-day month, 360-day year convention, a
           compounding period that, except for the Initial Period (as defined
           below), corresponds to the shortest period between Interest Payment
           Dates for the applicable Discount Note (with ratable accruals within
           a compounding period), a coupon rate equal to the initial coupon rate
           applicable to the applicable Discount Note and an assumption that the
           maturity of such Discount Note will not be accelerated. If the period
           from the date of issue to the first Interest Payment Date for a
           Discount Note (the "Initial Period") is shorter than the compounding
           period for such Discount Note, a proportionate amount of the yield
           for an entire compounding period will be accrued. If the Initial
           Period is longer than the compounding period, then the period will be
           divided into a regular compounding period and a short period with the
           short period being treated as provided above.

       (d) AMORTIZING NOTES. If this Note is specified on the face hereof as an
"Amortizing Note", this Note will bear interest in the same manner as set forth
in Section 3(a) above, and payments of principal, premium, if any, and interest
will be made as set forth on the face hereof and/or in accordance with Schedule
I attached hereto. The Trust will make payments combining principal, premium (if
any) and interest, if applicable, on the dates and in the amounts set forth in
the table appearing in SCHEDULE I, attached to this Note or in accordance with
the formula specified on the face hereof. Payments made hereon will be applied
first to interest due and payable hereon and then to the reduction of the unpaid
principal amount hereof.

SECTION 4. REDEMPTION. If no redemption right is set forth on the face hereof,
this Note may not be redeemed prior to the Stated Maturity Date, except as set
forth in the Indenture. If a redemption right is set forth on the face of this
Note, the Trust shall elect to redeem this Note on the Interest Payment Date
after the Initial Redemption Date set forth on the face hereof on which the
Funding Agreement is to be redeemed in whole or in part by Hartford Life
Insurance Company ("Hartford Life") (each, a "Redemption Date"), in which case
this Note must be redeemed on such Redemption Date in whole or in part, as
applicable, prior to the Stated Maturity Date, in increments equal to the
Authorized Denominations (provided that any

                                     A-3-21
<Page>

remaining Principal Amount hereof shall be at least equal to the Authorized
Denomination) at the applicable Redemption Price (as defined below), together
with unpaid interest, if any, accrued thereon to, but excluding, the applicable
Redemption Date. "Redemption Price" shall mean an amount equal to the Initial
Redemption Percentage (as adjusted by the Annual Redemption Percentage
Reduction, if applicable) multiplied by the unpaid Principal Amount of this Note
to be redeemed (or in the case of Dicsount Notes, multiplied as set forth in
Section 3(c)(ii) above). The unpaid Principal Amount of this Note to be redeemed
shall be determined by multiplying (1) the Outstanding Principal Amount of this
Note by (2) the quotient derived by dividing (A) the outstanding principal
amount of the Funding Agreement to be redeemed by Hartford Life by (B) the
outstanding principal amount of the Funding Agreement. The Initial Redemption
Percentage, if any, applicable to this Note shall decline at each anniversary of
the Initial Redemption Date by an amount equal to the applicable Annual
Redemption Percentage Reduction, if any, until the Redemption Price is equal to
100% of the unpaid amount thereof to be redeemed. Notice must be given not more
than seventy-five (75) nor less than thirty (30) calendar days prior to the
proposed Redemption Date. In the event of redemption of this Note in part only,
a new Note for the unredeemed portion hereof shall be issued in the name of the
Holder hereof upon the surrender hereof.

SECTION 5. SINKING FUNDS AND AMORTIZING NOTES. Unless specified on the face
hereof, this Note will not be subject to, or entitled to the benefit of, any
sinking fund. If this Note is an Amortizing Note, this Note may pay an amount in
respect of both interest and principal amortized over the life of this Note.

SECTION 6. REPAYMENT. If no repayment right is set forth on the face hereof,
this Note may not be repaid at the option of the Holder hereof prior to the
Stated Maturity Date.  If a repayment right is granted on the face of this
Note, this Note may be subject to repayment at the option of the Holder on any
Interest Payment Date on and after the date, if any, indicated on the face
hereof (each, a "Repayment Date").  On any Repayment Date, unless otherwise
specified on the face hereof, this Note shall be repayable in whole or in part
in increments equal to the Authorized Denominations (provided that any
remaining Principal Amount hereof shall be at least equal to the Authorized
Denomination) at the option of the Holder hereof at the Repayment Price equal
to the percentage of the Principal Amount to be repaid specified on the face
hereof, together with interest thereon payable to the Repayment Date.  For
this Note to be repaid in whole or in part at the option of the Holder hereof,
the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee)
must receive, at its Corporate Trust Office, or at such other place or places
of which the Trust shall from time to time notify the Holder of this Note, not
more than seventy-five (75) nor less than thirty (30) days prior to a
Repayment Date, shown on the face of this Note, (i) this Note with the form
entitled "Option to Elect Repayment", attached hereto, duly completed by the
Holder or (ii) a telegram, telex, facsimile transmission or a letter from a
member of a national securities exchange or the National Association of
Securities Dealers, Inc. or a commercial bank or a trust company in the United
States setting forth the name of the holder of this Note, the principal amount
hereof, the certificate number of this Note or a description of this Note's
tenor and terms, the principal amount hereof to be repaid, a statement that
the option to elect repayment is being exercised thereby and a guarantee that
this Note, together with the form entitled "Option to Elect Repayment" duly
completed, will be received by the Indenture Trustee (or the Paying Agent on
behalf of the Indenture Trustee) not later than the fifth (5th) Business Day
after the date of such telegram, telex, facsimile transmission or letter;
PROVIDED, that such telegram, telex, facsimile transmission or letter shall
only be effective if this Note and form duly completed are received by the
Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) by
such fifth (5th) Business Day.  Exercise of such repayment option by the
Holder hereof shall be irrevocable.  In the event of repayment of this Note in
part only, a new Note or Notes for the amount of the unpaid portion hereof
shall be issued in the name of the Holder hereof upon the cancellation hereof.

SECTION 7. MODIFICATIONS AND WAIVERS. The Indenture contains provisions
permitting the Trust and the Indenture Trustee (1) at any time and from time to
time without notice to, or the consent of, the Holders of any Notes issued under
the Indenture to enter into one or more supplemental indentures for certain
enumerated purposes and (2) with the consent of the Holders of a majority in
aggregate principal amount of the Outstanding Notes affected thereby, to enter
into one or more supplemental indentures for the purpose of adding any
provisions to, or changing in any manner or eliminating any of the provisions
of, the Indenture or of modifying in any manner the rights of Holders of Notes
under the Indenture; PROVIDED, that, with respect to certain enumerated
provisions, no such supplemental indenture shall be entered into without the
consent of the Holder of each Note affected thereby. Any such consent or waiver
by the Holder

                                     A-3-22
<Page>

of this Note shall be conclusive and binding upon such Holder and upon all
future Holders of this Note and of any Note issued upon the registration of
transfer hereof or in exchange hereof or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Note or such other Notes.

SECTION 8. OBLIGATIONS UNCONDITIONAL. No reference herein to the Indenture and
no provisions of this Note or of the Indenture shall impair the right of each
Holder of any Note, which is absolute and unconditional, to receive payment of
the principal of, and any interest on, and premium, if any, on, such Note on the
respective Stated Maturity Date or redemption date thereof and to institute suit
for the enforcement of any such payment, and such rights shall not be impaired
without the consent of such Holder.

SECTION 9. EVENTS OF DEFAULT. If an Event of Default with respect to the Notes
shall occur and be continuing, the principal of, and all other amounts payable
on, the Notes may be declared due and payable, or may be automatically
accelerated, as the case may be, in the manner and with the effect provided in
the Indenture. In the event that this Note is a Discount Note, the amount of
principal of this Note that becomes due and payable upon such acceleration shall
be equal to the amount calculated as set forth in Section 3(c) hereof.

SECTION 10. WITHHOLDING; TAX EVENT. All amounts due in respect of this Note
will be made free and clear of any applicable withholding or deduction for or
on account of any present or future taxes, duties, levies, assessments or
other governmental charges of whatever nature imposed or levied by or on
behalf of any governmental authority, unless such withholding or deduction is
required by law. Unless otherwise specified on the face hereof, the Trust will
not pay any additional amounts to the Holder of this Note in respect of such
withholding or deduction, any such withholding or deduction will not give rise
to an event of default or any independent right or obligation to redeem this
Note and the Holder will be deemed for all purposes to have received cash in
an amount equal to the portion of such withholding or deduction that is
attributable to such Holder's interest in this Note as equitably determined by
the Trust.

       If Hartford Life will be required to pay additional amounts to the
Trust to reflect any required withholding or deduction under the Funding
Agreement and Hartford Life is required, or based on an opinion of independent
legal counsel selected by Hartford Life more than an insubstantial risk exists
that Hartford Life will be required to pay additional amounts in respect of
such withholding or deduction, Hartford Life will have the right to redeem the
Funding Agreement and, if Hartford Life elects to so redeem the Funding
Agreement, the Trust will redeem this Note, subject to the terms and
conditions of SECTION 2.04 of the Indenture.

       If (1) a Tax Event (defined below) as to the relevant Funding Agreement
occurs and (2) Hartford Life elects to redeem the Funding Agreement in whole or
in part, the Trust will redeem this Note, subject to the terms and conditions of
SECTION 2.04 of the Indenture, at the Tax Event Redemption Price (defined below)
together with unpaid interest accrued thereon to the applicable redemption date.
"Tax Event" means that Hartford Life shall have received an opinion of
independent legal counsel stating in effect that as a result of (a) any
amendment to, or change (including any announced prospective change) in, the
laws (or any regulations thereunder) of the United States or any political
subdivision or taxing authority thereof or therein or (b) any amendment to, or
change in, an interpretation or application of any such laws or regulations by
any governmental authority in the United States, which amendment or change is
enacted, promulgated, issued or announced on or after the effective date of the
relevant Funding Agreement, there is more than an insubstantial risk that (i)
the Trust is, or will be within ninety (90) days of the date thereof, subject to
U.S. federal income tax with respect to interest accrued or received on the
relevant Funding Agreement or (ii) the Trust is, or will be within ninety (90)
days of the date thereof, subject to more than a de minimis amount of taxes,
duties or other governmental charges. "Tax Event Redemption Price" means an
amount equal to the unpaid principal amount of this Note to be redeemed, which
shall be determined by multiplying (1) the

                                     A-3-23
<Page>

Outstanding Principal Amount of this Note by (2) the quotient derived by
dividing (A) the outstanding principal amount to be redeemed by Hartford Life of
the Funding Agreement by (B) the outstanding principal amount of the Funding
Agreement.

SECTION 11. LISTING. Unless otherwise specified on the face hereof, this Note
will not be listed on any securities exchange.

SECTION 12. COLLATERAL. The Collateral for this Note includes the Funding
Agreement specified on the face hereof.

SECTION 13. NO RECOURSE AGAINST CERTAIN PERSONS. No recourse shall be had for
the payment of any principal, interest or any other sums at any time owing under
the terms of this Note, or for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Indenture or any indenture supplemental
thereto, against the Nonrecourse Parties, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise, all such personal liability being, by the acceptance hereof and as
part of the consideration for issue hereof, expressly waived and released.

SECTION 14. MISCELLANEOUS.

       (a) This Note is issuable only as a registered Note without coupons in
denominations of $1,000 and any integral multiple of $1,000 in excess thereof
unless otherwise specified on the face of this Note.

       (b) Prior to due presentment for registration of transfer of this Note,
the Trust, the Indenture Trustee, the Registrar, the Paying Agent, any Agent,
and any other agent of the Trust or the Indenture Trustee may treat the Person
in whose name this Note is registered as the owner hereof for the purpose of
receiving payment as herein provided and for all other purposes, whether or not
this Note shall be overdue, and none of the Trust, the Indenture Trustee, the
Registrar, the Paying Agent, any Agent, or any other agent of the Trust or the
Indenture Trustee shall be affected by notice to the contrary.

       (c) The Notes are being issued by means of physical distribution of Notes
to be made as provided in the Indenture. The Register maintained by the
Registrar will evidence ownership of the Notes, with transfers of ownership
effected on the Register and through the Transfer Agent. Transfer of principal,
premium (if any) and interest (if any) to the Holder will be the responsibility
of the Paying Agent. The selection of any Notes to be redeemed or repaid will be
determined by the Indenture Trustee pursuant to the Indenture.

       (d) This Note or portion hereof may not be exchanged for Global Notes. No
service charge will be made for any registration of transfer or exchange, but
the Trust may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

SECTION 15. GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

                                     A-3-24
<Page>

                            OPTION TO ELECT REPAYMENT

     The undersigned hereby irrevocably request(s) and instruct(s) the Trust to
repay this Note (or portion hereof specified below) pursuant to its terms at a
price equal to the Principal Amount hereof together with interest to the
repayment date, to the undersigned, at:

______________________________________________________________________________

______________________________________________________________________________
(Please print or typewrite name and address of the undersigned).

     If less than the entire Principal Amount of this Note is to be repaid,
specify the portion hereof (which shall be in increments of $1,000) which the
Holder elects to have repaid and specify the denomination or denominations
(which shall be $______ or an integral multiple of $1,000 in excess of $______)
of the Notes to be issued to the Holder for the portion of this Note not being
repaid (in the absence of any such specification, one such Note will be issued
for the portion not being repaid).

$ ______________________________       _________________________________________
                                       NOTICE: The signature on this Option to
DATE: __________________________       Elect Repayment must correspond with the
                                       name as written upon the face of this
                                       Note in every particular, without
                                       alteration or enlargement or any change
                                       whatever.

Principal Amount to be repaid, if      Fill in for registration of Notes
amount to be repaid is less than the   if to be issued otherwise than
Principal Amount of this Note          to the registered Holder:
(Principal Amount remaining must be
an authorized denomination)
                                       Name: ___________________________
$_________________________             Address: ________________________
                                               _________________________
                                       (Please print name and
                                       address including zip code)

SOCIAL SECURITY OR OTHER TAXPAYER ID NUMBER: _________________

                                     A-3-25
<Page>

                                   SCHEDULE I

                          AMORTIZATION TABLE OR FORMULA

                                     A-3-26<Page>

                                                                    Exhibit 4.11

                               OMNIBUS INSTRUMENT

                                 WITH REGARD TO

                  HARTFORD LIFE GLOBAL FUNDING TRUST 20[-]-[-]

     WHEREAS, the parties named herein desire to enter into certain Issuance
Documents, each such document dated as of the date specified in this Omnibus
Instrument relating to the issuance by Hartford Life Global Funding Trust
20[-]-[-] (the "TRUST") of Hartford Life Global Funding Trust 20[-]-[-] Notes
(the "NOTES") with the terms specified in the Pricing Supplement attached to
this Omnibus Instrument as Exhibit A (the "Pricing Supplement") to investors
under Hartford Life's secured notes program;

     WHEREAS, the Trust will be organized under and its activities will be
governed by (i) the provisions of the Trust Agreement (set forth in Section A of
this Omnibus Instrument), dated as of [-], 20[-] (the "Formation Date") by and
between the parties thereto indicated in Section E herein, and (ii) the
certificate of trust of the Trust;

     WHEREAS, the Notes will be issued pursuant to the Indenture (set forth in
Section B of this Omnibus Instrument), dated as of [-], 20[-] (the "Issuance
Date"), by and between the parties thereto indicated in Section E herein;

     WHEREAS, the sale of the Notes will be governed by the Distribution
Agreement (set forth in Section C of this Omnibus Instrument), dated as of the
Formation Date, by and between the parties thereto indicated in Section E
herein; and

     WHEREAS, certain agreements relating to the Notes and the funding agreement
identified in the Pricing Supplement (the "Funding Agreement") are set forth in
the Coordination Agreement (set forth in Section D of this Omnibus Instrument),
dated as of the Formation Date, by and among the parties thereto indicated in
Section E herein.

     All capitalized terms used herein and not otherwise defined will have the
meanings set forth in the Indenture. This Omnibus Instrument is executed as of
the Formation Date.

     NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, each party hereby agrees as set forth herein.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<Page>

                                    SECTION A

                                 TRUST AGREEMENT

     THIS TRUST AGREEMENT, dated as of the Formation Date, is entered into by
and among AMACAR Pacific Corp., a Delaware corporation, as administrator (in
such capacity, the "ADMINISTRATOR") and as trust beneficial owner (in such
capacity, the "TRUST BENEFICIAL OWNER") and Wilmington Trust Company, a Delaware
banking corporation, as Delaware trustee (the "DELAWARE TRUSTEE").

                              W I T N E S S E T H:

     WHEREAS, the Trust Beneficial Owner, the Administrator and the Delaware
Trustee desire to establish a statutory trust organized pursuant to the Delaware
Statutory Trust Act for the purpose of issuing Notes to investors which will be
secured, and payments with respect to which will be funded, solely by the assets
held in the Trust (as defined in this Omnibus Instrument), the proceeds of which
will be used to purchase the Funding Agreement;

     WHEREAS, the Trust Beneficial Owner, the Administrator and the Delaware
Trustee desire to authorize the issuance of a Trust Beneficial Interest and the
Notes in connection with the entry into this Trust Agreement and the Indenture;

     WHEREAS, all things necessary to make this Trust Agreement a valid and
legally binding agreement of the Trust Beneficial Owner, the Administrator and
the Delaware Trustee, enforceable in accordance with its terms, have been done;

     WHEREAS, the parties intend to provide for, among other things, (i) the
issuance and sale of the Notes (pursuant to the Indenture and the Distribution
Agreement) and the Trust Beneficial Interest, (ii) the use of the proceeds of
the sale of the Notes and Trust Beneficial Interest to acquire the Funding
Agreement and (iii) all other actions deemed necessary or desirable in
connection with the transactions contemplated by this Trust Agreement; and

     WHEREAS, the parties hereto desire to incorporate by reference those
certain Standard Trust Agreement Terms, filed as Exhibit 4.7 to the Registration
Statement dated July 27, 2004, filed with the Securities Exchange Commission by
Hartford Life (the "STANDARD TRUST AGREEMENT TERMS") and all capitalized terms
not otherwise defined in this Omnibus Instrument shall have the meaning set
forth in the Standard Trust Agreement Terms (the Standard Trust Agreement Terms
and this Trust Agreement, collectively, the "TRUST AGREEMENT").

     NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, each party hereby agrees as follows:

     PART 1. AGREEMENT TO BE BOUND. The Delaware Trustee, the Administrator and
the Trust Beneficial Owner each hereby agrees to be bound by all of the terms,
provisions and agreements set forth herein, with respect to all matters
contemplated herein, including, without limitation, those relating to the
issuance of the Notes.

     PART 2. INCORPORATION BY REFERENCE. All terms, provisions and agreements of
the Standard Trust Agreement Terms (except to the extent expressly modified
herein) are hereby incorporated herein by reference with the same force and
effect as though fully set forth herein. To the extent that the terms set forth
herein are inconsistent with the terms of the Standard Trust Agreement Terms,
the terms set forth herein shall apply.

                                        1
<Page>

     PART 3. NAME. The Trust created and governed by this Trust Agreement shall
be designated as indicated in this Omnibus Instrument, as such name may be
modified from time to time by the Delaware Trustee following written notice to
the Trust Beneficial Owner.

     PART 4. INITIAL CAPITAL CONTRIBUTION AND OWNERSHIP. The Trust Beneficial
Owner has paid to, or to an account at the direction of, the Delaware Trustee,
on the date hereof, the sum of $15 (or, if the Trust issues Notes at a discount,
the product of $15 and the issue price (expressed as a percentage of the
original principal amount of the Notes)). The Delaware Trustee hereby
acknowledges receipt in trust from the Trust Beneficial Owner, as of the date
hereof, of the foregoing contribution, which shall be used along with the
proceeds from the sale of the Notes to purchase the Funding Agreement. Upon the
creation of the Trust and the registration of the Trust Beneficial Interest in
the Securities Register by the Registrar (as defined in the Standard Trust
Agreement Terms) in the name of the Trust Beneficial Owner, the Trust Beneficial
Owner shall be the sole beneficial owner of the Trust.

     PART 5. ACKNOWLEDGMENT. The Delaware Trustee, on behalf of the Trust,
expressly acknowledges its duties and obligations set forth in Section 2.07 of
the Standard Trust Agreement Terms incorporated herein.

     PART 6. ADDITIONAL TERMS. None.

     PART 7. OMNIBUS INSTRUMENT; EXECUTION AND INCORPORATION OF TERMS. The
parties to this Trust Agreement will enter into this Trust Agreement by
executing the Omnibus Instrument. By executing the Omnibus Instrument, the
Delaware Trustee, the Trust Beneficial Owner and the Administrator hereby agree
that this Trust Agreement will constitute a legal, valid and binding agreement
between the Delaware Trustee, the Trust Beneficial Owner and the Administrator
as of the date specified in the Omnibus Instrument. All terms relating to the
Trust or the Notes not otherwise included in this Trust Agreement will be as
specified in the Omnibus Instrument or Pricing Supplement as indicated herein.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                        2
<Page>

                                    SECTION B

                                    INDENTURE

     THIS INDENTURE, dated as of the Issuance Date, is entered into by and among
JPMorgan Chase Bank as indenture trustee, registrar, transfer agent, paying
agent and calculation agent (collectively, the "INDENTURE TRUSTEE") and the
Trust (as defined in this Omnibus Instrument).

                              W I T N E S S E T H:

     WHEREAS, the Trust has duly authorized the execution and delivery of this
Indenture to provide for the issuance of the Notes (as defined in this Omnibus
Instrument);

     WHEREAS, all things necessary to make this Indenture a valid and legally
binding agreement of the Trust and the other parties to this Indenture,
enforceable in accordance with its terms, have been done, and the Trust proposes
to do all things necessary to make the Notes, when executed and authenticated
and delivered pursuant hereto, valid and legally binding obligations of the
Trust as hereinafter provided; and

     WHEREAS, the parties hereto desire to incorporate by reference those
certain Standard Indenture Terms, filed as Exhibit 4.1 to the Registration
Statement dated July 27, 2004 filed with the Securities Exchange Commission by
Hartford Life (the "STANDARD INDENTURE TERMS") and all capitalized terms not
otherwise defined in this Omnibus Instrument shall have the meaning set forth in
the Standard Indenture Terms (the Standard Indenture Terms and this Indenture,
collectively, the "INDENTURE").

     NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, each party hereby agrees as follows:

     PART 1. AGREEMENT TO BE BOUND. The Trust and the Indenture Trustee each
hereby agrees to be bound by all of the terms, provisions and agreements set
forth herein, with respect to all matters contemplated herein, including,
without limitation, those relating to the issuance of the Notes.

     PART 2. INCORPORATION BY REFERENCE. All terms, provisions and agreements of
the Standard Indenture Terms (except to the extent expressly modified herein)
are hereby incorporated herein by reference with the same force and effect as
though fully set forth herein. To the extent that the terms set forth herein are
inconsistent with the terms of the Standard Indenture Terms, the terms set forth
herein shall apply.

     PART 3. DESIGNATION OF THE NOTES. The Notes issued pursuant to this
Indenture shall be designated as specified in this Omnibus Instrument.

     PART 4. ADDITIONAL TERMS. None.

     PART 5. OMNIBUS INSTRUMENT; EXECUTION AND INCORPORATION OF TERMS. The
parties to this Indenture will enter into this Indenture by executing the
Omnibus Instrument. By executing the Omnibus Instrument, the Trust and the
Indenture Trustee hereby agree that this Indenture will constitute a legal,
valid and binding agreement between the Trust and the Indenture Trustee as of
the date specified in the Omnibus Instrument. All terms relating to the Trust or
the Notes not otherwise included in this Indenture will be as specified in the
Omnibus Instrument or Pricing Supplement as indicated herein.

                                        3
<Page>

                                    SECTION C

                             DISTRIBUTION AGREEMENT

     THIS DISTRIBUTION AGREEMENT, dated as of the Formation Date, is entered
into by and among each Agent specified in the Pricing Supplement as Agent(s),
(each an "AGENT"), Hartford Life Insurance Company, a Connecticut insurance
company ("HARTFORD LIFE") and the Trust (as defined in this Omnibus Instrument).

                              W I T N E S S E T H:

     WHEREAS, the Trust has entered into the Indenture, dated as of the date
hereof, by and between the Trust and JPMorgan Chase Bank, as indenture trustee
(the "INDENTURE TRUSTEE") to provide for the issuance by the Trust of the Notes
(as defined in this Omnibus Instrument);

     WHEREAS, all things necessary to make this Distribution Agreement a valid
and legally binding agreement of the Trust and the other parties to this
Distribution Agreement, enforceable in accordance with its terms, have been
done, and the Trust proposes to do all things necessary to make the Notes, when
executed by the Trust and authenticated and delivered pursuant hereto and the
Indenture, valid and legally binding obligations of the Trust as hereinafter
provided; and

     WHEREAS, the parties hereto desire to incorporate by reference those
certain Standard Distribution Agreement Terms, filed as Exhibit 1.1 to the
Registration Statement dated July 27, 2004 filed with the Securities Exchange
Commission by Hartford Life (the "STANDARD DISTRIBUTION AGREEMENT TERMS") and
all capitalized terms not otherwise defined in this Omnibus Instrument shall
have the meaning set forth in the Standard Distribution Agreement Terms (the
Standard Distribution Agreement Terms and this Distribution Agreement,
collectively, the "DISTRIBUTION AGREEMENT").

     NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, each party hereby agrees as follows:

     PART 1. AGREEMENT TO BE BOUND. The Agent(s), Hartford Life and the Trust
each hereby agrees to be bound by all of the terms, provisions and agreements
set forth herein, with respect to all matters contemplated herein, including,
without limitation, those relating to the issuance of the Notes.

     PART 2. INCORPORATION BY REFERENCE. All terms, provisions and agreements of
the Standard Distribution Agreement Terms (except to the extent expressly
modified herein) are hereby incorporated herein by reference with the same force
and effect as though fully set forth herein. To the extent that the terms set
forth herein are inconsistent with the terms of the Standard Distribution
Agreement Terms, the terms set forth herein shall apply.

     PART 3. PURCHASE OF NOTES. The Agent(s) agree to purchase the Notes having
the terms set forth in the Pricing Supplement for the Notes.

                                        4
<Page>

     PART 4. DELIVERY OF OPINIONS. Pursuant to Sections 4.1, 4.2 and 4.5,
Hartford Life, the Trust and the Agent(s) have mutually agreed that the
opinions, negative assurances and/or comfort letter, if any, set forth in
Exhibit B to this Omnibus Instrument are required to be delivered on the
Issuance Date.

     PART 5. ADDITIONAL TERMS.  None.

     PART 6. OMNIBUS INSTRUMENT; EXECUTION AND INCORPORATION OF TERMS. The
parties to this Distribution Agreement will enter into this Distribution
Agreement by executing the Omnibus Instrument. By executing the Omnibus
Instrument the Agents, Hartford Life and the Trust hereby agree that this
Distribution Agreement will constitute a legal, valid and binding agreement
between the Agents, Hartford Life and the Trust as of the date specified in the
Omnibus Instrument. All terms relating to the Trust or the Notes not otherwise
included in this Distribution Agreement will be as specified in the Omnibus
Instrument or Pricing Supplement as indicated herein.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                        5
<Page>

                                    SECTION D

                             COORDINATION AGREEMENT

     THIS COORDINATION AGREEMENT, dated as of the Formation Date, is entered
into by and among Hartford Life, the Trust and the Indenture Trustee.

                              W I T N E S S E T H:

     WHEREAS, the Trust will enter into the Funding Agreement with Hartford Life
dated as of the Issuance Date;

     WHEREAS, the Agent(s) have agreed to sell the Notes in accordance with the
Registration Statement; and

     WHEREAS, the Trust intends to issue the Notes in accordance with the
Indenture and to transfer the Funding Agreement to the Indenture Trustee in
accordance with the Indenture to secure payment of the Notes.

     NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, each party hereby agrees as follows:

     PART 1. AGREEMENT TO BE BOUND. Hartford Life, the Trust and the Indenture
Trustee each hereby agrees to be bound by all of the terms, provisions and
agreements set forth herein, with respect to all matters contemplated herein,
including, without limitation, those relating to the issuance of the Notes.

     PART 2. DELIVERY OF THE FUNDING AGREEMENT. The Trust hereby authorizes the
Indenture Trustee to receive the Funding Agreement from Hartford Life pursuant
to the Assignment of the Funding Agreement (the "Assignment"), to be entered
into on the Issuance Date, and included in the closing instrument dated as of
the Issuance Date (the "CLOSING INSTRUMENT").

     PART 3. ISSUANCE AND PURCHASE OF THE NOTES. Delivery of the Funding
Agreement to the Indenture Trustee pursuant to the Assignment of the Funding
Agreement shall be confirmation of payment by the Trust for the Funding
Agreement. The Trust hereby directs the Indenture Trustee, upon receipt of the
Funding Agreement pursuant to the Assignment, (a) to authenticate the Notes in
accordance with the Indenture and (b) to (i) deliver each relevant Note to the
clearing system or systems identified in each such Note, or to the nominee or
custodian of such clearing system, for credit to such accounts as the Agent(s)
may direct, or (ii) deliver each relevant Note to the purchasers thereof as
identified by the Agent(s).

     PART 4. DIRECTIONS REGARDING PERIODIC PAYMENTS. As registered owner of the
Funding Agreement as collateral securing payments on the Notes, the Indenture
Trustee will receive payments on the Funding Agreement on behalf of the Trust.
The Trust hereby directs the Indenture Trustee to use such funds to make
payments on behalf of the Trust pursuant to the Trust Agreement and the
Indenture.

     PART 5. MATURITY OF THE FUNDING AGREEMENT. Upon the maturity of the Funding
Agreement and the return of funds thereunder, the Trust hereby directs the
Indenture Trustee to set aside from such funds an amount sufficient for the
repayment of the outstanding principal on the Notes when due.

     PART 6. ACKNOWLEDGEMENT OF PRIOR AGREEMENTS. The Trust hereby acknowledges,
agrees to and become a party to each of the Administrative Services Agreement,
the License Agreement, and the Expense and Indemnity Agreement related to the
Delaware Trustee. The Administrator hereby acknowledges the formation of the
Trust and affirms its obligations to provide services to the Trust as set forth
in the Administrative Services Agreement.

                                        6
<Page>

     PART 7. CERTIFICATES. Hartford Life and the Trust each hereby agree to
deliver, on a quarterly basis, such certificate(s) as are required by any rating
agency then rating the Program.

     PART 8. NO ADDITIONAL LIABILITY. Nothing in this agreement shall impose any
liability or obligation on the part of any party to this agreement to make any
payment or disbursement in addition to any liability or obligation such party
has under the Issuance Documents or any other agreements related to the Program,
except to the extent that a party has actually received funds which it is
obligated to disburse pursuant to this agreement.

     PART 9. NO CONFLICT. This Coordination Agreement is intended to be in
furtherance of the agreements reflected in the documents related to the Issuance
Documents, and not in conflict. To the extent that a provision of this
Coordination Agreement conflicts with the provisions of one or more Issuance
Documents, the provisions of such documents shall govern.

     PART 10. GOVERNING LAW. This agreement shall be governed by and construed
in accordance with the laws of the State of New York without regard to the
principles of conflicts of laws thereof.

     PART 11. SEVERABILITY. If any provision in this agreement shall be invalid,
illegal or unenforceable, such provisions shall be deemed severable from the
remaining provisions of this agreement and shall in no way affect the validity
or enforceability of such other provisions of this agreement.

     PART 12. OMNIBUS INSTRUMENT; EXECUTION AND INCORPORATION OF TERMS. The
parties to this Coordination Agreement will enter into this Coordination
Agreement by executing the Omnibus Instrument. By executing the Omnibus
Instrument, each party hereto agrees that this Coordination Agreement will
constitute a legal, valid and binding agreement by and among Hartford Life, the
Trust and the Indenture Trustee as of the Issuance Date. All terms relating to
the Trust or the Notes not otherwise included in this Coordination Agreement
will be as specified in the Omnibus Instrument or Pricing Supplement as
indicated in the Omnibus Instrument.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                        7
<Page>

                                    SECTION E

                        MISCELLANEOUS AND EXECUTION PAGES

     Notwithstanding any other provisions of this Omnibus Instrument, no
amendment to this Omnibus Instrument may be made if such amendment would cause
the Trust not to be disregarded or treated as a grantor trust (assuming the
Trust were not disregarded) for U.S. federal income tax purposes.

     This Omnibus Instrument may be executed by each of the parties hereto in
any number of counterparts, and by each of the parties hereto on separate
counterparts, each of which counterparts, when so executed and delivered, shall
be deemed to be an original, but all such counterparts shall together constitute
but one and the same instrument. Facsimile signatures shall be deemed original
signatures.

     Each signatory, by its execution hereof, does hereby become a party to each
of the agreements identified for such party as of the date specified in such
agreements.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                        8
<Page>

     IN WITNESS WHEREOF, the undersigned have executed this Omnibus Instrument.

              HARTFORD LIFE INSURANCE COMPANY (in executing below
              agrees and becomes a party to (i) the Distribution Agreement set
              forth in Section C herein, and (ii) the Coordination Agreement set
              forth in Section D herein).

              By:
                 --------------------------------
                 Name:
                 Title:

                                        9
<Page>

IN WITNESS WHEREOF, the undersigned have executed this Omnibus Instrument.

              HARTFORD LIFE GLOBAL FUNDING TRUST 20[-]-[-] in
              executing below agrees and becomes a party to (i) the Indenture
              set forth in Section B herein, (ii) the Distribution Agreement set
              forth in Section C herein and (iii) the Coordination Agreement set
              forth in Section D herein).

              By: Wilmington Trust Company, not in its individual capacity but
              solely as Delaware Trustee

              By:
                 --------------------------------
                 Name:
                 Title:

              WILMINGTON TRUST COMPANY, in executing below agrees
              and becomes a party to the Trust Agreement set forth in Section
              A herein, not in its individual capacity but solely as Delaware
              Trustee.

              By:
                 --------------------------
                 Name:
                 Title:

                                       10
<Page>

IN WITNESS WHEREOF, the undersigned have executed this Omnibus Instrument.

              AMACAR PACIFIC CORP. in executing below agrees and
              becomes a party to (i) the Trust Agreement set forth in Section A
              herein in its capacity as Trust Beneficial Owner and Administrator
              and (ii) the Coordination Agreement set forth in Section D herein
              in its capacity as Administrator.

              By:
                 --------------------------
                 Name:
                 Title:

                                       11
<Page>

IN WITNESS WHEREOF, the undersigned have executed this Omnibus Instrument.

              JPMORGAN CHASE BANK in executing below agrees and
              becomes a party to (i) the Indenture set forth in Section B herein
              in its capacity as Indenture Trustee, Registrar, Transfer Agent,
              Paying Agent and Calculation Agent, and (ii) the Coordination
              Agreement, set forth in Section D herein in its capacity as
              Indenture Trustee.

              By:
                 --------------------------
                 Name:
                 Title:

                                       12
<Page>

IN WITNESS WHEREOF, the undersigned have executed this Omnibus Instrument.

              BEAR STEARNS & CO. INC. in executing below agrees and
              becomes a party to the Distribution Agreement set forth in
              Section C herein on behalf of itself and each of the agents
              named in the Pricing Supplement.

              By:
                 --------------------------
                 Name:
                 Title:

                                       13
<Page>

                                    EXHIBIT A

                               PRICING SUPPLEMENT

                                       14
<Page>

                                    EXHIBIT B

                          RATINGS; REQUIRED DELIVERIES

RATINGS:

In connection with Section 1.1.3 of the Distribution Agreement, the Program
under which the Notes are issued, as well as the Notes, are anticipated to be
rated [-] by Moody's and the Notes are rated [-] by S&P. In connection with
Section 1.3.10 of the Distribution Agreement, the Company's financial strength
rating is [-] by Moody's and [-] by S&P.

REQUIRED DELIVERIES:

Pursuant to Section 4.1, 4.2 and/or 4.5 of the Distribution Agreement the
following opinions, negative assurances and/or comfort letter are required to be
delivered on the Issuance Date (as defined in the Omnibus Instrument):

[-]

                                       15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]