Document:

EXHIBIT 4.6

                                   SCHEDULE II
                       SCHEDULE OF ADDITIONAL PROVISIONS
                       ---------------------------------

EXTENSION ELECTION:

         This Note will mature on the Initial Stated  Maturity Date,  unless the
maturity of all or any portion of the principal  amount of this Note is extended
in accordance with the procedures described below. In no event will the maturity
of this Note be extended beyond the Final Stated Maturity Date.

         During a notice period  relating to an Election Date (as defined below)
the  Holder  may elect to  extend  the  maturity  of all or any  portion  of the
principal  amount of this Note (in any  multiple of $1,000) so that the maturity
of this Note will be extended  to the  Corresponding  Maturity  Date (as defined
below) for the immediately  following Election Date, provided,  however, if such
maturity  date is not a  Business  Day,  the  maturity  of this Note will be the
immediately  preceding  Business Day. The  "Election  Dates" are the 15th day of
each February,  May, August and November, if such day is not a Business Day, the
next day that is a Business Day,  commencing  on August 15, 2007,  and ending on
May 15, 2010.  The  respective  "Corresponding  Maturity Date" for each Election
Date is the 15th day of the 24th calendar month  following the Election Date for
which an election to extend is made.  If no election is made,  the maturity date
of this Note is the  Corresponding  Maturity Date for the immediately  preceding
Election Date.

         To make an  effective  election,  the Holder  must  deliver a notice of
election during the notice period for an Election Date substantially in the form
attached  hereto as Exhibit A (an "Election  Notice") duly completed and, in the
event of an election to extend the  maturity of only a portion of the  principal
of this Note,  this Note.  The notice  period for an Election Date begins on the
6th  Business  Day  prior to the  Election  Date and  ends on the  Business  Day
immediately  preceding the Election Date. The Holder's  Election  Notice must be
delivered to the Paying Agent through the normal  clearing system  channels,  no
later than the close of  business in New York City on the last  Business  Day in
the notice period, at which time such notice becomes irrevocable.

         If,  with  respect to any  Election  Date,  the Holder does not make an
election to extend the maturity of all or a portion of the  principal  amount of
this Note, the principal  amount of this Note for which the Holder has failed to
make such an election  will become due and payable on the earlier of the Initial
Stated  Maturity Date or such later  Corresponding  Maturity Date related to the
relevant  Election  Date on which  the  maturity  of this  Note  was  previously
extended  or if  such  day is not a  Business  Day,  the  immediately  preceding
Business Day. The  principal  amount of this Note for which such election is not
exercised will be represented by a new note  substantially  in the form attached
hereto as Exhibit B (each a "Short Term Note")  issued as of such  Election Date
and Schedule A hereto shall be annotated as of such Election Date to reflect the
corresponding  decrease in the principal amount hereof.  Each Short Term Note so
issued  will  have  the  same  terms as this  Note,  except  that it will not be
extendible, will have the relevant CUSIP number specified below and its maturity
date will be the  earlier  of the  Initial  Stated

                   Hartford Life Global Funding Trust 2007-004
                                     SII - 1
<PAGE>

Maturity Date or such later Corresponding  Maturity Date related to the relevant
Election Date on which the maturity of this Note was not  extended,  or, if such
day is not a Business Day, the immediately  preceding  Business Day. The failure
to elect to extend the  maturity of all or any portion of the  principal of this
Note will be irrevocable and will be binding upon any subsequent  holder of this
Note.

         The Trust and the Indenture Trustee shall deem this Note canceled as to
any  portion  hereof  for  which  a  duly  completed  Election  Notice  and,  if
applicable,  this Note are not  delivered  to the Paying Agent during the notice
period for any Election Date.

         If, with respect to any Election Date under this Note,  the Holder does
not extend the maturity of all of the principal  amount of this Note, the Paying
Agent, on behalf of the Trust, shall immediately (but in no event later than the
third (3rd) Business Day following the relevant  Election Date) notify  Hartford
Life of the amount  not  extended  which  shall be the  principal  amount of the
Funding Agreement redeemed on the applicable maturity date.

SPREAD:
         The spread for the Notes for the indicated periods is as follows:

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
                               PERIOD                                                     SPREAD
---------------------------------------------------------------------------------------------------
<S>                                                                                       <C>
From and including the Issuance Date to but not including May 15, 2009                    + 0.02%
---------------------------------------------------------------------------------------------------
From and including May 15, 2009 to but not including May 15, 2010                         + 0.03%
---------------------------------------------------------------------------------------------------
From and including May 15, 2010 to but not including May 15, 2011                         + 0.04%
---------------------------------------------------------------------------------------------------
From and including May 15, 2011 to but not including the Final Stated Maturity Date       + 0.05%
---------------------------------------------------------------------------------------------------
</TABLE>

CUSIP NUMBERS:
         The CUSIP numbers for each possible Short Term Note shall be as follows
with regard to each possible maturity date for such Short Term Note:

             -------------------------------------------------
                 CUSIP NUMBER              MATURITY DATE
             -------------------------------------------------
                   41659EGB7              August 15, 2009
             -------------------------------------------------
                   41659EGC5             November 15, 2009
             -------------------------------------------------
                   41659EGD3             February 15, 2010
             -------------------------------------------------
                   41659EGE1               May 15, 2010
             -------------------------------------------------
                   41659EGF8              August 15, 2010
             -------------------------------------------------
                   41659EGG6             November 15, 2010
             -------------------------------------------------
                   41659EGH4             February 15, 2011
             -------------------------------------------------
                   41659EGJ0               May 15, 2011
             -------------------------------------------------
                   41659EGK7              August 15, 2011
             -------------------------------------------------
                   41659EGL5             November 15, 2011
             -------------------------------------------------
                   41659EGM3             February 15, 2012
             -------------------------------------------------
                   41659EGN1               May 15, 2012
             -------------------------------------------------

                   Hartford Life Global Funding Trust 2007-004
                                     SII - 3
<PAGE>

                                   SCHEDULE A

         The initial  aggregate  principal  amount of the Note  evidenced by the
Certificate to which this Schedule is attached is $100,000,000. The notations on
the following table evidence decreases in the aggregate  principal amount of the
Note evidenced by such Certificate:

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------
 Election Date        Decreases in  Principal        Principal Amount of this        Notation by Security
                      Amount of this Note            Note Remaining After            Registrar
                                                     Such Decrease
----------------------------------------------------------------------------------------------------------
<S>                   <C>                            <C>                             <C>

----------------------------------------------------------------------------------------------------------

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</TABLE>

                   Hartford Life Global Funding Trust 2007-004
                                     SII - 3
<PAGE>

                                    EXHIBIT A
                                    ---------
                             FORM OF ELECTION NOTICE

The undersigned hereby elects to extend the maturity of the Hartford Life Global
Funding Trust 2007-004 Secured  Medium-Term Note (CUSIP  41659EGA9) (the "Note")
(or the portion thereof  specified  below) with the effect provided in said Note
by delivering  this Election  Notice duly  completed by the Holder of said Note,
and in the event of an election to extend the  maturity of only a portion of the
principal amount of said Note, by surrendering  said Note to the Paying Agent at
the following address:

                  The Bank of New York Trust Company, N.A.
                  4 New York Plaza, 15th Floor
                  New York, NY 10004

or such other  address of which the Paying  Agent shall from time to time notify
the Holders of the Notes.

If the option to extend the maturity of less than the entire principal amount of
said Note is elected, specify the portion of said Note (which shall be $1,000 or
an integral  multiple of $1,000 in excess thereof) as to which the Holder elects
to  extend  the  maturity:   $_________;   and  specify  the   denomination   or
denominations (which shall be $1,000 or an integral multiple of $1,000 in excess
thereof)  of the  Notes in the form  attached  to said  Note as  Exhibit B to be
issued to the Holder for the  portion of said Note to which the option to extend
the maturity is not being elected (in absence of any such specification one such
Note in the form of said  Exhibit B will be issued  for the  portion as to which
the option to extend maturity is not being made): $__________.

Date:____________________               ______________________________________
                                        NOTICE: The signature on this Election
                                        Notice must  correspond  with the name
                                        as  written  upon the face of the Note
                                        in    every    particular,     without
                                        alteration  or   enlargement   or  any
                                        change whatever.

                   Hartford Life Global Funding Trust 2007-004
                                      A - 1
<PAGE>

                                    EXHIBIT B
                             FORM OF SHORT-TERM NOTE

THIS NOTE IS A GLOBAL  NOTE  WITHIN THE  MEANING OF THE  INDENTURE  (HEREINAFTER
DEFINED)  AND IS  REGISTERED  IN THE NAME OF A  DEPOSITARY  (AS  DEFINED  IN THE
INDENTURE) OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES
REGISTERED  IN THE NAME OF A PERSON  OTHER THAN THE  DEPOSITARY  OR ITS  NOMINEE
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE,  AND NO TRANSFER
OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO
A NOMINEE OF THE  DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE  DEPOSITARY)  MAY BE REGISTERED  EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE OF THE DEPOSITORY
TRUST  COMPANY,  A NEW  YORK  CORPORATION  ("DTC"),  TO THE  TRUST  (HEREINAFTER
DEFINED) OR ITS AGENT FOR  REGISTRATION  OF TRANSFER,  EXCHANGE OR PAYMENT,  AND
UNLESS ANY  CERTIFICATE  ISSUED IS  REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR SUCH  OTHER  ENTITY AS IS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF DTC),  ANY TRANSFER,  PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

<TABLE>
               REGISTERED NO.:                                CUSIP NO.:                  PRINCIPAL AMOUNT: U.S. $

<S>                                                                         <C>
Issuance Date:                                                              Floating Rate Note: [X] Yes [ ] No.
Settlement Date:                                                            If yes, Regular Floating Rate Notes [X] /
Issue Price: 100%                                                                Inverse Floating Rate Notes [ ]
Stated Maturity Date:  ___________, or if such day is not a                    Fixed Interest Rate:
  Business Day, the immediately preceding Business Day.                     Floating Rate/ Fixed Rate Notes: [ ]
Securities Exchange Listing: [ ] Yes [X] No. If yes, indicate name(s) of       Fixed Interest Rate:
  Securities Exchange(s): __________________________________.                  Fixed Rate Commencement Date:
Depositary: The Depository Trust Company.                                   Interest Rate Basis(es):
Authorized Denominations: $1,000 integral amounts.                          CD Rate [ ]
Collateral held in the Trust:  Hartford Life Insurance Company Funding      CMT Rate [ ]
  Agreement No. FA-407004, all proceeds of the Funding Agreement            Designated CMT Telerate Page:
  and all rights and books and records pertaining to the foregoing.              If Telerate Page 7052: [ ] Weekly Average
Additional Amounts to be Paid: [ ] Yes [X] No                                                           [ ] Monthly Average
Interest Rate or Formula:                                                        Designated CMT Maturity Index:
Fixed Rate Note: [  ] Yes [X] No. If yes,                                        Commercial Paper Rate [ ]
  Interest Rate:                                                                 Federal Funds Rate [ ]
  Interest Payment Dates:                                                          LIBOR [X]
  Additional/Other Terms:                                                         [X] LIBOR Reuters Page:  LIBOR 01
Amortizing Note: [ ] Yes [X] No. If yes, Amortization schedule or                 [ ] LIBOR Moneyline Telerate Page:
  formula:                                                                         LIBOR Currency: U.S. Dollars
  Additional/Other Terms:                                                       Prime Rate [ ]
Discount Note: [ ] Yes [X] No. If yes, Total Amount of Discount:                Treasury Rate [ ]
  Initial Accrual Period of Discount:                                       Index Maturity: Three month.
  Interest Payment Dates:                                                   Spread:  See attached Schedule II.
  Additional/Other Terms:                                                   Spread Multiplier: Not applicable.
                                                                            Initial Interest Rate, if any:
</TABLE>

                   Hartford Life Global Funding Trust 2007-004
                                      B - 1
<PAGE>

<TABLE>
<S>                                                                     <C>
Redemption Provisions: [X] Yes [ ]  No.   If yes,                       Initial Interest Reset Date: __________; provided that if
  Initial Redemption Date:  Any day on or after the Issuance Date.        such day is not a Business Day, such Interest Reset Date
  Redemption Dates:  Any day on or after the Issuance Date.               will be the next succeeding day that is a Business Day,
  Initial Redemption Percentage: 100%                                     unless that succeeding Business Day would fall in the next
  Annual Redemption Percentage Reduction, if any:  N/A                    calendar month, in which case such Interest Reset Date
  Additional/Other Terms:  Notwithstanding anything on the reverse        will be the immediately preceding Business Day.
  hereof to the contrary, the Trust may redeem this Note on any day,
  provided that the Trust has provided written notice to the Holder     Interest Reset Dates: The 15th day of each February, May,
  hereof not less than ninety-five (95) calendar days prior to the        August and November; provided that if such day is not a
  proposed redemption date.                                               Business Day, such Interest Reset Date will be the next
Repayment Provisions: [ ] Yes [X] No. If yes,                             succeeding day that is a Business Day, unless that
  Repayment Date(s):                                                      succeeding Business Day would fall in the next calendar
  Repayment Price:                                                        month, in which case such Interest Reset Date will be the
  Additional/Other Terms:                                                 immediately preceding Business Day.
Regular Record Date(s): 15 days prior to each Interest Payment Date.
Sinking Fund: None.                                                     Interest Determination Date(s): As provided herein.
Day Count Convention: Actual/360.
Specified Currency:  U.S. Dollars.                                      Interest Payment Dates: The 15th day of each February, May,
Exchange Rate Agent: Not Applicable                                       August, and November provided that (1) if such Interest
                                                                          Payment Date (other than the maturity date) is not a
                                                                          Business Day, such Interest Payment Date will be the next
                                                                          succeeding day that is a Business Day, unless that
                                                                          succeeding Business Day would fall in the next calendar
                                                                          month, in which case such Interest Payment Date will be
                                                                          the immediately preceding Business Day and (2) the final
                                                                          Interest Payment Date of this Note will be the maturity
                                                                          date of this Note.
                                                                        Maximum Interest Rate, if any: Not applicable.
                                                                        Minimum Interest Rate, if any: Not applicable.
                                                                        Additional/Other Terms:  See attached Schedule II.
                                                                        Calculation Agent:  The Bank of New York Trust Company, N.A.
</TABLE>

         The Hartford Life Global Funding Trust  designated above (the "Trust"),
for value  received,  hereby  promises to pay to Cede & Co.,  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 Issuance Date (the "Indenture"), between
The  Bank of New  York  Trust  Company,  N.A.,  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.

                   Hartford Life Global Funding Trust 2007-004
                                     B - 2
<PAGE>

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.

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.

Payments of principal  of, and premium,  if any, and interest and other  amounts
due and owing, if any, will be made through the Indenture Trustee to the account
of  DTC  or  its  nominee  and  will  be  made  in  accordance  with  depositary
arrangements with DTC.

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.

                   Hartford Life Global Funding Trust 2007-004
                                     B - 3
<PAGE>

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

                             HARTFORD LIFE GLOBAL FUNDING TRUST 2007-004

Dated:  [o]
                             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.

                             THE BANK OF NEW YORK TRUST COMPANY, N.A.
                             As Indenture Trustee

Dated:  [o]

                             By: _____________________________
                                 authorized officer

                   Hartford Life Global Funding Trust 2007-004

                                     B - 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 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. The Holder of a
Note  denominated  in a Foreign  Currency  to be held in the name of a broker or
nominee should  contact their broker or nominee to determine  whether and how an
election  to receive  payments in the  Specified  Currency  may be made.  Unless
specified  otherwise on the face hereof, if the Specified Currency is other than
U.S.  Dollars,  a beneficial  owner of a Note represented by a Global Note which
elects to receive payments of principal,  premium,  if any, and/or interest,  if
any, in the Specified Currency must notify the participant through which it owns
its interest on or prior to

                   Hartford Life Global Funding Trust 2007-004
                                     B - 5
<PAGE>

the  applicable  Regular  Record Date or at least 15 calendar  days prior to the
Maturity Date, as the case may be, of its election.  The applicable  participant
must notify DTC of its election on or prior to the third  Business Day after the
applicable  Regular  Record  Date or at  least  12  calendar  days  prior to the
Maturity Date, as the case may be, and DTC will notify the Indenture  Trustee of
that election on or prior to the fifth Business Day after the applicable Regular
Record Date or at least ten  calendar  days prior to the Maturity  Date,  as the
case may be. If complete  instructions  are received by the participant from the
applicable  beneficial owner and forwarded by the participant to DTC, and by DTC
to the  Indenture  Trustee,  on or prior  to such  dates,  then  the  applicable
beneficial owner will receive payments in the Specified Currency.

      (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 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.

                   Hartford Life Global Funding Trust 2007-004
                                     B - 6
<PAGE>

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

               INTEREST PAYMENT FREQUENCY    INTEREST PAYMENT DATES
               ---------------------------   -----------------------------------
               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.

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

            (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)  in
            accordance with a schedule attached hereto.

            (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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 7
<PAGE>

            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)  multiplied by the
            applicable Spread Multiplier, if any; and/or (2) plus or minus the -
            - applicable Spread, 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.

            (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)  multiplied by the
            applicable Spread Multiplier, if - any; and/or (2) plus or minus the
            applicable Spread, 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) multiplied by the applicable Spread  Multiplier,  if any;
            and/or (2) plus or minus the applicable  Spread,  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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 8
<PAGE>

            of every third calendar month, beginning in the third calendar month
            following  the  month in  which  the  Issuance  Date  occurred;  (5)
            semi-annually--the  fifteenth  day of every  sixth  calendar  month,
            beginning in the sixth calendar  month  following the month in which
            the Issuance Date occurred;  and (6) annually--the  fifteenth day of
            every  twelfth  calendar  month,  beginning in the twelfth  calendar
            month  following  the month in which  the  Issuance  Date  occurred;
            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  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 (as defined below) 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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 9
<PAGE>

            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,  weekly or monthly--the
            fifteenth  day of each  calendar  month or on the  fifteenth  day of
            every third  calendar  month,  beginning in the third calendar month
            following  the  month  in  which  the  Issuance  Date  occurred,  as
            specified on the face hereof;  (2)  quarterly--the  fifteenth day of
            every third  calendar  month,  beginning in the third calendar month
            following  the  month in  which  the  Issuance  Date  occurred;  (3)
            semi-annually--the  fifteenth  day of every  sixth  calendar  month,
            beginning in the sixth calendar  month  following the month in which
            the Issuance Date occurred;  and (4) annually--the  fifteenth day of
            every  twelfth  calendar  month,  beginning in the twelfth  calendar
            month  following the month in which the Issuance Date  occurred.  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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 10
<PAGE>

            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)   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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 11
<PAGE>

                        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; provided that if no CD Rate is then in effect, the
                        interest rate for the next Interest Reset Period will be
                        the Initial Interest Rate.

                  "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:

                              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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 12
<PAGE>

                              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   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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 13
<PAGE>

                                    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; provided that
                                    if no  CMT  Rate  is  then  in  effect,  the
                                    interest  rate for the next  Interest  Reset
                                    Period will be the Initial Interest Rate; 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

                              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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 14
<PAGE>

                                    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 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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 15
<PAGE>

                                    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; provided that if no CMT
                                    Rate is then in effect,  the  interest  rate
                                    for the next  Interest  Reset Period will be
                                    the Initial Interest Rate.

                        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

                        (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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 16
<PAGE>

                        (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;  provided  that  if  no
                        Commercial  Paper Rate is then in effect,  the  interest
                        rate  for the next  Interest  Reset  Period  will be the
                        Initial Interest Rate.

                  "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 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; provided that if no Federal Funds

                   Hartford Life Global Funding Trust 2007-004
                                     B - 17
<PAGE>

                        Rate is then in effect,  the interest  rate for the next
                        Interest Reset Period will be the Initial Interest Rate.

                  (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

                        (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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 18
<PAGE>

                        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;
                        provided  that  if no  LIBOR  is  then  in  effect,  the
                        interest rate for the next Interest Reset Period will be
                        the Initial Interest Rate.

                  "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

                        (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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 19
<PAGE>

                        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;  provided that if no Prime Rate is then in effect,
                        the  interest  rate for the next  Interest  Reset Period
                        will be the Initial Interest Rate.

                  "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

                        (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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 20
<PAGE>

                        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; provided that if no Treasury Rate is
                        then in effect,  the interest rate for the next Interest
                        Reset Period will be the Initial Interest Rate.

                  "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":

                   Hartford Life Global Funding Trust 2007-004
                                     B - 21
<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.

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 redeem this Note on the Interest  Payment Date on or 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 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 Discount 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.

                   Hartford Life Global Funding Trust 2007-004
                                     B - 22
<PAGE>

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 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 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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 23
<PAGE>

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 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 any 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

                   Hartford Life Global Funding Trust 2007-004
                                     B - 24
<PAGE>

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 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.

                   Hartford Life Global Funding Trust 2007-004
                                     B - 25
<PAGE>

      (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 a book-entry-only system with
no physical  distribution  of  certificates to be made except as provided in the
Indenture.  The book-entry system  maintained by DTC will evidence  ownership of
the Notes,  with  transfers of ownership  effected on the records of DTC and its
participants  pursuant  to  rules  and  procedures  established  by DTC  and its
participants.  The Trust and the Indenture Trustee will recognize Cede & Co., as
nominee of DTC, as the registered owner of the Notes, as the Holder of the Notes
for all purposes, including payment of principal, premium (if any) and interest,
notices and  voting.  Transfer of  principal,  premium (if any) and  interest to
participants  of  DTC  will  be the  responsibility  of  DTC,  and  transfer  of
principal,  premium (if any) and interest to beneficial  holders of the Notes by
participants of DTC will be the  responsibility  of such  participants and other
nominees of such  beneficial  holders.  So long as the  book-entry  system is in
effect,  the  selection of any Notes to be redeemed or repaid will be determined
by DTC pursuant to rules and procedures established by DTC and its participants.
Neither the Trust nor the Indenture  Trustee will be  responsible  or liable for
such  transfers or payments or for  maintaining,  supervising  or reviewing  the
records  maintained  by DTC, its  participants  or persons  acting  through such
participants.

      (D)   This Note or portion  hereof  may not be  exchanged  for  Definitive
Notes, except in the limited  circumstances  provided for in the Indenture.  The
transfer or exchange  of  Definitive  Notes shall be subject to the terms of the
Indenture.  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.

                   Hartford Life Global Funding Trust 2007-004
                                     B - 26
<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  Elect  Repayment  must  correspond
Date:  ______________________             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 if
amount  to be  repaid is less than the    to be  issued  otherwise  than  to the
Principal    Amount   of   this   Note    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: ___________________________________

                   Hartford Life Global Funding Trust 2007-004
                                     B - 27
<PAGE>

                                   SCHEDULE I

                          AMORTIZATION TABLE OR FORMULA
                          -----------------------------

                                 Not applicable.

                   Hartford Life Global Funding Trust 2007-004
                                     SI - 1
<PAGE>

                                   SCHEDULE II

SPREAD:

            The spread for the Notes for the indicated periods is as follows:

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------- ----------
                                                              PERIOD                                                      SPREAD
------------------------------------------------------------------------------------------------------------------------- ----------
<S>                                                                                                                       <C>
From and including the Issuance Date to but not including May 15, 2009                                                    + 0.02%
------------------------------------------------------------------------------------------------------------------------- ----------
From and including May 15, 2009 to but not including May 15, 2010                                                         + 0.03%
------------------------------------------------------------------------------------------------------------------------- ----------
From and including May 15, 2010 to but not including May 15, 2011                                                         + 0.04%
------------------------------------------------------------------------------------------------------------------------- ----------
From and including March 15, 2011 to but not including the Final Stated Maturity Date                                     + 0.05%
------------------------------------------------------------------------------------------------------------------------- ----------
</TABLE>

                   Hartford Life Global Funding Trust 2007-004
                                     SII - 1Unassociated Document

    

    Exhibit
      10.16

     

    AMENDMENT
      TO

    INVESTMENT
      ADVISORY AND MANAGEMENT AGREEMENT

    BETWEEN

    GSC
      INVESTMENT CORP.

    AND

    GSCP
      (NJ), L.P.

     

    Amendment
      made this 23rd day of May 2007 by and between GSC Investment Corp., a Maryland
      corporation (the “Company”), and GSCP (NJ), L.P., a Delaware
      limited partnership (the “Investment Adviser”).

     

    WHEREAS,
      the Company has retained the Investment Adviser to furnish investment advisory
      services to the Company on the terms and conditions set forth in an Investment
      Advisory and Management Agreement dated as of March 21, 2007 (the
“Advisory Agreement”); and

     

    WHEREAS,
      the Board of Directors has approved an amendment to the Advisory Agreement
      to
      reconcile the fee calculation dates with the financial reporting schedule of
      the
      Company;

     

    NOW,
      THEREFORE, in consideration of the premises and for other good and valuable
      consideration, the parties hereby agree as follows:

     

    Amendment
      to Fee Calculation Dates.  Section 3 of the Advisory Agreement is
      hereby amended as follows:  (i) each reference to "calendar quarter"
      set forth in Section 3 is hereby replaced with "fiscal quarter" and each
      reference to “calendar year” is hereby replaced with “fiscal year” and (ii) the
      initial dates on which fees are payable under Section 3 are hereby changed
      from
      "June 30, 2007" to "August 31, 2007" with respect to the quarterly management
      and incentive fees and from "December 31, 2007" to "February 28, 2008" with
      respect to the annual incentive fee.

     

    IN
      WITNESS
      WHEREOF, the parties hereto have caused this Amendment to be duly executed
      on
      the date hereof.

     

    
      	 	
              GSC
                INVESTMENT CORP.

            	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/
              David L. Goret 	 
	 	 	Name:
              David L. Goret 	 
	 	 	Title:
              Vice President and Secretary 	 
	 	 	 	 

    

    
       

      
        	 	GSCP
                (NJ), L.P.	 
	 	 	 	 
	 	By:	GSCP
                (NJ), Inc.,	 
	 	 	
                its
                  General Partner

              	 
	 	 	 	 
	
                 

              	
                By:
                  

              	/s/
                David L. Goret 	 
	 	 	Name:
                David L. Goret 	 
	 	 	Title:
                Senior Managing Director and Secretary

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