Variable annuities and mutual funds are long-term investment vehicles designed for retirement. Variable annuities offer tax-deferred growth and death benefits while mutual funds allow for more flexibility but do not provide the same tax benefits. Both have associated fees that impact returns. Retirement planning should consider factors like longer lifespans, inflation, and rising healthcare costs to ensure adequate savings.

2. Variable annuities are long-term investment vehicles designed for retirement where all interest, dividends, and capital gains accumulate tax deferred. Taxable distributions and certain deemed distributions are subject to ordinary income tax and if taken prior to age 59½ may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. In addition to tax deferral, variable annuities offer death benefits, income protection benefits, annuity payout options, and professionally managed equity based and fixed income investment options. Please note that there are certain fees and charges associated with variable annuities such as mortality and expense risk charges, administrative charges, and fund operating expenses. As with other variable investments, the investment return and principal value of an investment will fluctuate, therefore when redeemed, an investor's units, may be worth more or less than the original cost. In addition, any guarantees associated with the variable annuity are based on the claims-paying ability of the issuing company and do not apply to the investment performance or safety of the underlying funds in the variable annuity. A mutual fund is an investment vehicle that pools the money of many investors, and has varying degrees of risk depending upon the fund’s portfolio. Mutual funds may invest in stocks, bonds, or cash and include the opportunity for the investor to purchase shares with various pricing arrangements designed to meet their needs. There are fees and expenses associated with investing in mutual funds, including portfolio management fees and expenses and sales charges, which will affect the return on your investment. These fees and charges may be front- or back-end sales charges or annual expenses. In addition, mutual funds generally allow shareholders to sell shares at any time and receive current market value. Mutual fund investments, when held outside of a qualified retirement plan, are subject to tax. You should consult with a qualified tax advisor before investing. The investment return and principal value of an investment will fluctuate so that shares when redeemed, may be worth more or less than their original cost. This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, your clients should consult their own tax or legal counsel for advice.

4. Source: ERBI Retirement Confidence Survey, 2004 The “Have” and “Have Not” Planned

5. ARE YOU SAVING ENOUGH? Assumes income must increase by 3% over 20 years. How much will your retirement cost? $3,376,531 $250,000 $2,701,225 $200,000 $2,025,919 $150,000 $1,012,959 $1,350,612 $75,000 $100,000 Assets Needed for 20 yr Retirement Pre-Retirement Income

6. Are you retiring soon?

7. Does Your Retirement Plan Address These Realities? Longer Life Expectancies Inflation Rising Health Care Costs Social Security

8. Retirement may last longer than you expected 97 92 100 AGE 90 94 88 100 AGE 50% Chance 25% Chance 90 92 85 Male Age 65 Female Age 65 Couple Both Age 65 100 95 AGE 90 50% Chance of one survivor 25% Chance of one survivor 95 50% Chance 25% Chance Source: The National Underwriter Company, Tax Facts on Insurance & Employee Benefits, 2005.

9. Inflation: The Silent Enemy The Effect of Inflation Since 1950 Value of $100,000 Source: Bureau of Labor Statistics, 2004. (In Thousands) (Years) $66,000 $45,000 $30,000 $20,000 $100,000 $13,000

10. Skyrocketing Healthcare Source: Ned Davis Research, April 2005 Projections are based on the rate of inflation calculated from prices from 1984 to 2004. Annual rate of increase for Energy: 2.18%, Food: 3.02%, and Medical Commodities and Services: 5.43%. This illustration is purely hypothetical and the actual inflation rate may be higher or lower than what we’ve indicated, these are just projections that can be used to get an idea of how much things might cost based on past inflation. Energy Food Medical Commodities and Services

11. Social Security: The More You Earn, The Less It Replaces Social Security Income Income that needs replacing Annual Income of $30,000 Annual Income of $60,000 Annual Income of $90,000 $23,250 $6,750 $23,208 $23,220 $36,792 $66,780 Source: Social Security Administration, 2005

14. The Penalties of Cashing Out INVESTOR 1 Taxable distributions (and certain deemed distributions) are subject to ordinary income tax, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. If you separate from service with your employer during or after the year you reach age 55, an distribution you take from your employer’s qualified plan will not be subject to the additional 10% tax penalty. Hypothetical Illustration: This example assumes a 28% federal income tax bracket and 10% federal income tax penalty. It does not take into consideration potential state or local taxes. $25,000 $15,500 5. Cash Distribution After Taxes & Penalties -$2,500 4. 10% Premature Distribution Penalty Tax (If You’re Under the Age of 59 1/2) -$5,000 2. 20% Mandatory Federal Income Tax Withholding $25,000 1. Distribution Amount From Retirement Plan -$2,000 3. Additional Federal Income Tax $2,500 $20,000 $18,000 $15,500

15. The Advantage of a Rollover IRA $67,760 $41,440 $15,500 $25,344 1. IRA Rollover - A $25,000 distribution is rolled over as a qualified exchange. The full amount is allowed to accumulate tax deferred for the corresponding time periods. Ending value will be subjected to an applicable ordinary income tax rate upon withdrawal. 2. Cash Distribution - A $25,000 distribution is taken in cash. The distribution incurs a 28% federal income tax liability and 10% federal income tax penalty. The resulting $15,500 is invested in a taxable investment. The earnings from this initial investment will be taxed each year at 28% and deducted from the balance. This hypothetical illustration assumes a $25,000 eligible rollover distribution, a 7% interest rate and a 28% tax bracket. Start 10 Years 20 Years 30 Years 1 Taxable distributions (and certain deemed distributions) are subject to ordinary income tax, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Early surrender charges may also apply. . $25,000 $35,408 $69,654 $137,020 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 $25,000 $35,408 $69,654 $137,020

17. Are Your Nest Eggs Scattered? Before consolidating, it is important that you take expenses and sales charges into account. You should know if they will incur sales charges and/or penalties for selling an investment, and also find out if they will be charged additional sales charges for buying a new one.

22. This presentation is only a general overview. Tax Laws are complex, subject to change and may apply differently to your particular circumstances. This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice. Variable annuities are issued by Hartford Life Insurance Company and by Hartford Life and Annuity Insurance Company. Variable annuities are underwritten and distributed by Hartford Securities Distribution Company, Inc. The Hartford Mutual Funds are underwritten and distributed by Hartford Investment Financial Services Company, LLC. You should carefully consider investment objectives, risks, and charges and expenses of The Hartford Mutual Funds before investing. This and other information can be found in the fund's prospectus, which can be obtained from your investment representative or by calling 888-843-7824. Please read it carefully before you invest or send money. You should carefully consider the investment objectives, risks, and charges and expenses of Hartford variable annuities and their underlying funds before investing. This and other information can be found in the prospectus for the variable annuity and the prospectuses for the underlying funds, which can be obtained from your investment representative or by calling 800-862-6668. Please read them carefully before you invest or send money. PTL_RC 2/06