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485BPOS 1 ffb485b.htm ffb485b.htm

As filed with the Securities and Exchange Commission on April 21 , 2010

Registration No. 333-23359/811-4420

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-6

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

PRE-EFFECTIVE AMENDMENT NO. ( )

POST-EFFECTIVE AMENDMENT NO. 17 (X)

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT

COMPANY ACT OF 1940

Amendment No. 101 (X)

(Check appropriate box or boxes)

WRL SERIES LIFE ACCOUNT

(Exact Name of Registrant)

WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO

(Name of Depositor)

570 Carillon Parkway

St. Petersburg, FL 33716

(Address of Depositor's Principal Executive Offices) (Zip Code)

Depositor's Telephone Number, including Area Code:

(727) 299-1800

Arthur D. Woods, Esq.

Vice President and Senior Counsel

Western Reserve Life Assurance Co. of Ohio

570 Carillon Parkway

St. Petersburg, FL 33716

(Name and Address of Agent for Service)

Copy to:

Mary Jane Wilson-Bilik, Esq.

Sutherland Asbill & Brennan LLP

1275 Pennsylvania Avenue, N.W.

Washington, D.C. 20004-2415

It is proposed that this filing will become effective (check appropriate box):

immediately upon filing pursuant to paragraph (b)

X on May 1, 2010 , pursuant to paragraph (b)

60 days after filing pursuant to paragraph (a)(1)

on (date) , pursuant to paragraph (a)(1)

If appropriate, check the following box:

This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

PART A

INFORMATION REQUIRED IN A PROSPECTUS

PROSPECTUS

May 1, 2010

WRL FINANCIAL FREEDOM BUILDERÒ

issued through

WRL Series Life Account by

Western Reserve Life Assurance Co. of Ohio

570 Carillon Parkway

St. Petersburg, Florida 33716

Direct electronic, telephonic and facsimile transactions to the

Administrative Office:

(727) 299-1800 or 1-800-851-9777

Facsimile 1-727-299-1648 ( subaccount transfers only)

1-727-299-1620 (all other fax requests)

www.westernreserve.com

Send Claim Forms to the Administrative Office at:

P.O. Box 9008

Clearwater, FL 33758-9008

Send all payments made by check, and all other correspondence

and notices to the Mailing Address:

4333 Edgewood Road, N.E.

Cedar Rapids, Iowa 52499

An Individual Flexible Premium Variable Life Insurance Policy

This prospectus describes the WRL Financial Freedom BuilderÒ, a flexible premium variable life insurance policy (the “Policy”). You can allocate your Policy’s cash value to the fixed account (which credits a specified guaranteed interest rate) and/or to the WRL Series Life Account, which invests through its subaccounts in portfolios of the Transamerica Series Trust – Initial Class (the “Series Trust”), Fidelity Variable Insurance Products Funds – Service Class 2 (the “Fidelity VIP Fund”), the ProFunds, the Access One Trust ("Access Trust"), the AllianceBernstein Variable Products Series Fund, Inc. (“AllianceBernstein”), and the Franklin Templeton Variable Insurance Product Trust (“Franklin Templeton”), (collectively, the “funds”). Please refer to the next page of this prospectus for the list of portfolios available to you under this Policy. We do not currently offer the Policy for sale to new purchasers.

Investing in the Policy involves risk, including possible loss of premium.

If you already own a life insurance policy, it may not be to your advantage to buy additional insurance or to replace your policy with the Policy described in this prospectus. And it may not be to your advantage to borrow money to purchase the Policy or to take withdrawals from another policy you own to make premium payments under the Policy.

Prospectuses for the portfolios of the funds must accompany this prospectus. Certain portfolios may not be available in all states. Please read these documents before investing and save them for future reference.

An investment in the Policy is not a bank deposit. The Policy is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.

PORTFOLIOS AVAILABLE UNDER YOUR POLICY
Transamerica Series Trust:	Transamerica Series Trust (cont.):	ProFunds (cont.):
Ø Transamerica AEGON High Yield Bond VP* Ø Transamerica Asset Allocation – Conservative VP*	Ø Transamerica JPMorgan Enhanced Index VP	Ø ProFund VP NASDAQ-100
Ø Transamerica Asset Allocation – Conservative VP*	Ø Transamerica JPMorgan Mid Cap Value VP*	Ø ProFund VP Oil & Gas
Ø Transamerica Asset Allocation – Growth VP*	Ø Transamerica Jennison Growth VP*	Ø ProFund VP Pharmaceuticals
Ø Transamerica Asset Allocation – Moderate Growth VP*	Ø Transamerica MFS International Equity VP	Ø ProFund VP Precious Metals
Ø Transamerica Asset Allocation – Moderate VP*	Ø Transamerica Money Market VP*	Ø ProFund VP Short Emerging Markets
Ø Transamerica Balanced VP	Ø Transamerica Morgan Stanly Mid- Cap Growth VP*	Ø ProFund VP Short International
Ø Transamerica BlackRock Large Cap Value VP	Ø Transamerica Multi Managed Large Cap Core VP*	Ø ProFund VP Short NASDAQ-100
Ø Transamerica Clarion Global Real Estate Securities VP	Ø Transamerica PIMCO Total Return VP	Ø ProFund VP Short Small-Cap
Ø Transamerica Convertible Securities VP	Ø Transamerica Small/Mid Cap Value VP	Ø ProFund VP Small-Cap
Ø Transamerica Diversified Equity VP*	Ø Transamerica T. Rowe Price Small Cap VP	Ø ProFund VP Small-Cap Value
Ø Transamerica Efficient Markets VP	Ø Transamerica Third Avenue Value VP	Ø ProFund VP Telecommunications
Ø Transamerica Federated Market Opportunity VP	Ø Transamerica U.S. Government Securities VP	Ø ProFund VP UltraSmall-Cap
Ø Transamerica Focus VP*	Ø Transamerica WMC Diversified Growth VP*	Ø ProFund VP U.S. Government Plus
Ø Transamerica Foxhall Emerging Markets/Pacific Rim VP*	ProFunds:	Ø ProFund VP Utilities
Ø Transamerica Foxhall Global Conservative VP*	Ø ProFund VP Asia 30	Access One Trust:
Ø Transamerica Foxhall Global Growth VP*	Ø ProFund VP Basic Materials	Ø Access VP High Yield Fund
Ø Transamerica Foxhall Global Hard Asset VP*	Ø ProFund VP Bull	AllianceBernstein Variable Products Series Fund, Inc.:
Ø Transamerica Growth Opportunities VP	Ø ProFund VP Consumer Services	Ø Alliance Bernstein Balanced Wealth Strategy Portfolio
Ø Transamerica Hanlon Balanced VP*	Ø ProFund VP Emerging Markets	Franklin Templeton Variable
Ø Transamerica Hanlon Growth and Income VP*	Ø ProFund VP Europe 30	Insurance Products Trust:
Ø Transamerica Hanlon Growth VP*	Ø ProFund VP Falling U.S. Dollar	Ø Franklin Templeton VIP Founding Funds Allocation Fund
Ø Transamerica Hanlon Managed Income VP*	Ø ProFund VP Financials	Fidelity Variable Insurance
Ø Transamerica Index 50 VP	Ø ProFund VP International	Products:
Ø Transamerica Index 75 VP	Ø ProFund VP Japan	Ø Fidelity VIP Contrafund® Portfolio*
Ø Transamerica International Moderate Growth VP*	Ø ProFund VP Mid-Cap	Ø Fidelity VIP Equity-Income Portfolio*
Ø Transamerica JPMorgan Core Bond VP	Ø ProFund VP Money Market*	Ø Fidelity VIP Growth Opportunities Portfolio*

* Please see the footnote for this portfolio in the section entitled “Western Reserve, the Separate Account, the Fixed Account and the Portfolios” in this prospectus.

TABLE OF CONTENTS

Policy Benefits/Risks Summary WRL Financial Freedom Builder ®	1
Policy Benefits	1
Flexibility	2
Death Benefit	2
Cash Value	2
Investment Options	3
Tax Benefits	3
Risks of Your Policy	3
Fee Tables	5
Fee Tables	5
Western Reserve	12
The Separate Account	13
The Fixed Account	14
The Portfolios	15
Selection of Underlying Portfolios	25
Addition, Deletion or Substitution of Portfolios	25
Your Right to Vote Portfolio Shares	25
Charges and Deductions	26
Premium Expense Charge	26
Monthly Deductions	27
Mortality and Expense Risk Charge	28
Surrender Charge	28
Pro Rata Decrease Charge	29
Transfer Charge	30
Loan Interest Spread	30
Change in Net Premium Allocation Charge	30
Cash Withdrawal Charge	30
Taxes	31
Rider Charges	31
Portfolio Expenses	31
Revenue We Receive	31
The Policy	32
Ownership Rights	33
Purchasing a Policy	33
Modifying the Policy	41
Purchasing a Policy	42
Tax-Free “Section 1035” Exchanges	34
When Insurance Coverage Takes Effect	34
Backdating a Policy	36
Policy Features	36
Premiums	36
Allocating Premiums	36
Premium Flexibility	36
Planned Periodic Payments	37
Minimum Monthly Guarantee Premium	37
No Lapse Period	38
Premium Limitations	38
Making Premium Payments	38
Transfers	39
General	39
Disruptive Trading and Market Timing	39
Fixed Account Transfers	43

Conversion Rights	43
Dollar Cost Averaging	43
Asset Rebalancing Program	44
Third Party Asset Allocation Services	45
Policy Values	45
Cash Value	45
Net Surrender Value	45
Subaccount Value	46
Subaccount Unit Value	46
Fixed Account Value	47
Death Benefit	47
Death Benefit Proceeds	47
Death Benefit	47
Effect of Cash Withdrawals on the Death Benefit	49
Choosing Death Benefit Options	50
Changing the Death Benefit Options	50
Decreasing the Specified Amount	50
No Increases in the Specified Amount	50
Payment Options	50
Surrenders and Cash Withdrawals	51
Surrenders	51
Cash Withdrawals	51
Canceling a Policy	52
Signature Guarantees	52
Loans	53
General	53
Interest Rate Charged	54
Loan Reserve Account Interest Rate Credited	54
Effect of Policy Loans	54
Policy Lapse and Reinstatement	54
Lapse	54
No Lapse Period Guarantee	55
Reinstatement	55
Extension of No Lapse Guarantee Period	56
Federal Income Tax Considerations	56
Tax Status of the Policy	56
Tax Treatment of Policy Benefits	57
Other Policy Information	59
Settlement Options	59
Retained Asset Accounts	60
Benefits at Maturity	60
Payments We Make	61
Split Dollar Arrangements	61
Policy Termination	62
Assignment of the Policy	62
Supplemental Benefits (Riders)	62
Additional Information	66
Sending Forms and Written Requests in Good Order	66
Sale of the Policies	66
Legal Proceedings	68
Financial Statements	68
Table of Contents of the Statement of Additional Information	68
Glossary	69
Appendix A – Surrender Charge Per Thousand	73
Appendix B – Illustrations	75
Prospectus Back Cover	78

Policy Benefits/Risks Summary WRL Financial Freedom Builder®

This summary describes the Policy’s important benefits and risks. More detailed information about the Policy appears later in this prospectus and in the Statement of Additional Information (“SAI”). For your convenience, we have provided a Glossary at the end of this prospectus that defines certain words and phrases used in this prospectus.

Policy Benefits

The Policy in General

·	The WRL Financial Freedom Builder® is an individual flexible premium variable life insurance policy, which gives you the potential for long-term life insurance coverage with the opportunity for tax-deferred accumulation of cash value .

The Policy is designed to be long-term in nature in order to provide significant life insurance benefits for you. You should only purchase the Policy if you have the financial ability to keep it in force for a substantial period of time. You should consider this Policy in conjunction with other insurance that you own.

·	There may be adverse consequences should you decide to surrender your Policy early, such as payment of a surrender charge during the first 15 Policy years.

●

The Policy’s cash value will increase or decrease depending on the investment performance of the subaccounts, the premiums you pay, the fees and charges that we deduct, the interest we credit to the fixed account, and the effects of any Policy transactions (such as transfers, loans and cash withdrawals). Because returns are not guaranteed, the Policy is not suitable as a short-term investment savings vehicle.

You may place your money in the fixed account where it earns an interest rate declared in advance for a specified period, (at least 4% annual interest) or in any of the subaccounts of the Separate Account which are described in this prospectus. The fixed account is not available to you if your Policy was issued in the State of New Jersey.

·	Your Policy offers supplemental riders, and depending on which riders are selected, certain charges may be deducted from the Policy’s cash value as part of the monthly deductions.

You r Policy has a No Lapse Guarantee which means your Policy will remain in force and no grace period will begin until the no lapse date shown on your Policy schedule page, or as stated in the endorsement shown in the section entitled “Policy Lapse and Reinstatement” in this prospectus. This is true even if your net surrender value is too low to pay the monthly deductions, as long as, on any Monthiversary, you have paid total premiums (minus any cash withdrawals, minus any outstanding loan amount, minus any accrued interest, and minus any decrease charge) that equal or exceed the sum of the minimum monthly guarantee premiums in effect for each month from the Policy date up to and including the current month. The No Lapse Guarantee is discussed in more detail in “Policy Lapse and Reinstatement .”

●

You will have a “free-look period” once we deliver your Policy. You may return the Policy during this period and receive a refund. We will place your net premium in the reallocation account until the reallocation date as shown on your Policy schedule page. Please see “Canceling a Policy” for a description of the free-look period.

After the third Policy year y ou may either change the death benefit option or decrease the specified amount once each Policy year. A decrease in specified amount is limited to no more than 20% of the specified amount before the decrease. The new specified amount cannot be less than the minimum specified amount as shown in your Policy. We do not allow increases in specified amount. For further details, please see “Death Benefits – Decreasing the Specified Amount” in this prospectus.

Flexibility

The Policy is designed to be flexible to meet your specific life insurance needs. Within certain limits, you can:

·	Choose the timing, amount and frequency of premium payments.

·	Change the Death Benefit Option .

·	Decrease the amount of insurance coverage.

·	Change the beneficiary.

·	Transfer cash value among investment options available under the Policy.

·	Take a loan against the Policy (as long as the Policy is in force).

·	Take a cash withdrawal or surrender the Policy.

Death Benefit

If the insured dies while the Policy is in force, we will pay a death benefit to the named beneficiary (ies) in accordance with the terms of the Policy. T he amount of the death benefit generally depends on the specified amount of insurance that you select, the death benefit option that you choose, your Policy’s cash value, and any additional insurance provided by riders that you purchase.

You may choose one of three Death Benefit Options:

	Option A is the greatest of:

	>	The current specified amount; or
	>	a specified percentage multiplied by the Policy’s cash value on the date of the insured’s death; or
	>	the amount required for the Policy to qualify as a life insurance policy under Section 7702 of the Internal Revenue Code.

	Option B is the greatest of:
	>	the current specified amount, plus the Policy's cash value on the date of the insured's death; or
	>	a specified percentage multiplied by the Policy’s cash value on the date of the insured’s death; or
	>	the amount required for the Policy to qualify as a life insurance policy under Section 7702 of the Internal Revenue Code.

	Option C is the greatest of:
	>	the amount payable under Option A; or
	>	the current specified amount, multiplied by an age-based "factor," plus the Policy's cash value on the date of the insured's death; or
	>	the amount required for the Policy to qualify as a life insurance policy under Section 7702 of the Internal Revenue Code.

Cash Value

Cash value is the value of your Policy on any business day. It is not guaranteed – it depends on the performance of the investment options that you have chosen, the timing and the amount of premium payments you’ve made, Policy charges, and how much you’ve borrowed or withdrawn from the Policy.

You can access your cash value in several ways:

·	Withdrawals – you can withdraw part of your Policy’s cash value once per Policy year after the first Policy year. Withdrawals are described in more detail in “Surrenders and Cash Withdrawals – Cash Withdrawals.”

·	Loans – you can take out a loan from the Policy using your Policy’s cash value as security. Loans are described in “Loans.”

·	Surrender – You can surrender or cash in your Policy for its net surrender value while the insured is alive. Surrenders are described in more detail in the section entitled “Surrenders and Cash Withdrawals – Surrenders.” You may pay a substantial surrender charge.

Investment Options

You can choose to allocate your net premiums and cash value among the subaccounts, each of which invests in a corresponding portfolio of the various underlying funds. Your Policy also offers a fixed account option, which provides a guaranteed minimum rate of interest. You can accumulate cash value in the fixed account and the subaccounts without paying any current income tax.

You can transfer your cash value among the fixed account and the subaccounts during the life of your Policy. We may limit the number of transfers out of the fixed account and, in some cases, may limit your transfer activity to deter disruptive trading and market timing. We charge a $25 transfer processing fee for each transfer after the first 12 transfers in a Policy year. For more details, please refer to the section entitled "Transfers" in this prospectus.

Tax Benefits

We intend the Policy to qualify as a life insurance contract under the Internal Revenue Code so that the death benefit generally should be excludable from the taxable income of the beneficiary. You also will generally not be taxed on any part of your Policy’s cash value unless you take a cash withdrawal or a loan that is not repaid from your Policy. If your Policy is not a Modified Endowment Contract (“MEC”), you should not be deemed in receipt of any taxable gains included in cash value until withdrawals and surrenders exceed your tax basis in the Policy or other distributions are made as described in the “Federal Income Tax Considerations” section of this prospectus. (Note: A MEC is a life insurance contract under the tax code under which funds that are withdrawn in the form of policy loans, cash withdrawals, assignments, and pledges are treated first as taxable income to the policyowner to the extent of gain then in the policy and then a non-taxable recovery of tax basis.) Transfers between the subaccounts are not taxable transactions. Please refer to “Federal Income Tax Considerations” for more details.

Risks of Your Policy

Long- T erm Financial Planning

Th e Policy is designed to help meet long-term financial objectives by paying a death benefit to family members and/or other named beneficiaries. It is not suitable as a short-term savings vehicle. It may not be the right kind of policy if you plan to withdraw money or surrender your Policy for short-term needs. Taking a withdrawal or surrendering your Policy may incur charges. See the Fee Tables and your Policy for charges assessed when withdrawing from or surrendering your Policy.

Please discuss your insurance needs and financial objectives with your registered representative.

Risk of an Increase in Current Fees and Expenses

Certain fees and expenses are currently assessed at less than their guaranteed maximum levels. In the future, these charges may be increased up to the guaranteed (maximum) levels. If fees and expenses are increased, you may need to increase the amount and/or frequency of premiums to keep your Policy in force.

Investment Risks

If you invest you r Policy’s cash value in one or more subaccounts, then you will be subject to the risk that investment performance of the subaccounts will be unfavorable and that the cash value in your Policy will decrease. Also, we deduct Policy fees and charges from your cash value, which can significantly reduce your cash value. During times of poor investment performance, this deduction will have an even greater impact on your cash value. You could lose everything you invest and your Policy could lapse without value, unless you pay additional premiums. If you allocate premiums to the fixed account, then we credit your fixed account value with a declared rate of interest. You assume the risk that the interest rate on the fixed account may decrease, although it will never be lower than a guaranteed minimum annual effective rate of 2%.

Risks of Managing General Account Assets

In addition to your fixed account allocations, general account assets are used to support the payment of the death benefit under the Policies. To the extent that Western Reserve is required to pay you amounts in addition to your Policy ’s cash value under the death benefit, such amounts will come from general account assets. You should be aware that the general account is exposed to the risks normally associated with a portfolio of fixed-income securities, including interest rate, option, liquidity, credit risk and is also subject to the claims of the Company’s general creditors. The Company’s financial statements contained in the Statement of Additional Information include a further discussion of risks inherent with the general account investments.

Premium Payments

Federal tax laws put limits on the premium payments you can make in relation to your Policy’s Death Benefit. We may refuse all or part of a premium payment that you make, or remove all o r part of a premium from your Policy and return it to you under certain circumstances to maintain qualification of the Policy as a life insurance contract for federal income tax purposes . Please refer to the section entitled “Premiums” for more details.

Lapse

Your Policy stays In Force as long as you have sufficient cash value to cover your monthly deduction and Policy charges. Insufficient premium payments, poor investment performance, withdrawals, and unpaid loans or loan interest may cause your Policy to lapse – which means you will no longer have insurance coverage. A Policy lapse may have adverse tax consequences. There are costs associated with reinstating a lapsed Policy. For a detailed discussion of your Policy’s Lapse and Reinstatement policies, please refer to the section entitled “Policy Lapse and Reinstatement.”

Withdrawals and Loans

Making a withdrawal or taking a loan may:

·	Change your Policy’s tax status

·	Reduce your Policy’s specified amount

·	Reduce your Policy’s death benefit

·	Reduce the death benefit proceeds paid to your beneficiary

·	Make your Policy more susceptible to lapsing.

Cash withdrawals will reduce your cash value. Withdrawals, especially those taken during periods of poor investment performance, could considerably reduce or eliminate some benefits or guarantees of the Policy. If you surrender your Policy during the first 15 Policy years you will pay a surrender charge. The surrender charge may be significant. Federal income taxes and a penalty may apply to loans, cash withdrawals and surrenders.

Be sure to plan carefully before using these Policy benefits. For a detailed description of withdrawals and loans, and any associated risks, please see the sections of this prospectus “Surrenders and Cash Withdrawals – Cash Withdrawals” and “Loans.”

Tax Consequences of Withdrawals, Surrenders and Loans

You may be subject to income tax if you take any withdrawals or surrender the Policy, or if your Policy lapses and you have not paid any outstanding policy debt.

If your Policy is a MEC, cash withdrawals, surrenders, assignments, pledges and loans that you make or that you receive during the life of the Policy may be subject to tax and a 10% federal tax penalty if taken prior to age 59½ . Other tax issues to consider when you own a life insurance policy are described in more detail in the section entitled “Federal Income Tax Considerations . ”

You should consult with your own qualified tax advisor to apply the law to your particular circumstances.

Portfolio Risks

A comprehensive discussion of the risks of each portfolio may be found in each portfolio’s prospectus. Please refer to the prospectuses for the portfolios for more information.

There is no assurance that any portfolio will meet its investment objective.

Fee Tables

The following tables describe the fees and expenses that you will pay when buying, owning and surrendering the Policy. If the amount of a charge depends on the personal characteristics of the insured or the owner, then the fee table lists the minimum and maximum charges we assess under the Policy, and the fees and charges of a representative insured with the characteristics set forth below. These charges may not be representative of the charges you will pay.

The first table describes the fees and expenses that you will pay when buying the Policy, paying premiums, making cash withdrawals from the Policy, surrendering the Policy, or transferring Policy cash value among the subaccounts and the fixed account.

Transaction Fees
Charge	When Charge is Deducted	Amount Deducted
Charge	When Charge is Deducted	Guaranteed Charge	Current Charge1
Premium Charges:	Upon payment of each premium
Premium Expense Charge		First 10 Policy years = 6.0% of each premium payment; and 2.5% of premiums in Policy years 11+	First 10 Policy years = 6.0% of each premium payment; and 2.5% of premiums in Policy years 11+
Premium Collection Charge		$3.00 per premium	$3.00 per premium
Cash Withdrawal Charge2	Upon withdrawal	2.0% of the amount withdrawn, not to exceed $25	2.0% of the amount withdrawn, not to exceed $25

1 The Company reserves the right at any time to change the current charge but never to a level that exceeds the guaranteed charge.

2 When we incur the expense of expedited delivery of your partial withdrawal or complete surrender payment, we currently assess the following additional charges: $20 for overnight delivery ($30 for Saturday delivery); and $25 for wire service. You can obtain further information about these charges by contacting our administrative office.

Transaction Fees
Charge	When Charge is Deducted	Amount Deducted
		Guaranteed Charge	Current Charge1
Surrender Charge 3	Upon full surrender of the Policy during the first 15 Policy years
·Maximum Charge 4		$57.00 per $1,000 of specified amount during first Policy year.		$57.00 per $1,000 of specified amount during first Policy year.
·Minimum Charge5		$7.68 per $1,000 of specified amount during the first Policy year.		$7.68 per $1,000 of specified amount during the first Policy year.
·Charge for a Policy insuring a male, issue age 35 in the ultimate select non-tobacco use underwriting class		$ 15.52 per $1,000 of specified amount during first Policy year.		$ 15.52 per $1,000 of specified amount during first Policy year.

3 The surrender charge will vary based on the issue age, gender and underwriting class of the insured on the Policy. The surrender charge is calculated as the surrender charge per $1,000 of specified amount, multiplied by the number of thousands in the Policy’s specified amount (as stated in the Policy), multiplied by the surrender charge factor. The surrender charge factor varies with the insured’s age and number of years the Policy has been in force. The surrender charge factor on a Policy where the insured’s age on the Policy date is less than 40 will be 1.00 for the first 5 Policy years and then decrease by 0.10 each Policy year until it reaches zero at the end of the 15th Policy year after the Policy date. For a Policy where the age on the Policy date is greater than 39, the surrender charge factor is less than 1.00 at the end of the First Policy year and decreases every year until it reaches zero at the end of the 15th Policy year after the Policy date. The surrender charge shown in the table may not be typical of the charges you will pay. More detailed information about the surrender charges applicable to you is available from your agent.

4 This maximum surrender charge is based on an insured with the following characteristics: male, issue age 80, in the standard tobacco use underwriting class. This maximum charge may also apply to insureds with other characteristics.

5 This minimum surrender charge is based on an insured with the following characteristics: female, issue age 4, in the juvenile underwriting class. This minimum charge may also apply to insureds with other characteristics.

Transaction Fees
Charge	When Charge is Deducted	Amount Deducted
Charge	When Charge is Deducted	Guaranteed Charge	Current Charge1
Transfer Charge6	Upon transfer	$25 for each transfer in excess of 12 per Policy year	$25 for each transfer in excess of 12 per Policy year
Change in Net Premium Allocation Charge	Upon change of allocation instructions for premium payments in excess of one per Policy quarter	$25	None
Pro Rata Decrease Charge	Deducted when specified amount is decreased during the first 15 Policy years	Equal to the surrender charge (as of the date of the decrease) applicable to that portion of the specified amount that is decreased.	Equal to the surrender charge (as of the date of the decrease) applicable to that portion of the specified amount that is decreased.
Terminal Illness Accelerated Death Benefit Rider7	When rider is exercised	Discount Factor	Discount Factor

The table below describes the fees and expenses that you will pay periodically during the time that you own the Policy, not including portfolio fees and expenses.

Periodic Charges Other Than Portfolio Operating Expenses
Charge	When Charge is Deducted	Amount Deducted
		Guaranteed Charge	Current Charge1
Monthly Policy Charge	Monthly, on the Policy date and on each Monthiversary	$7.50 per month	$5.00 per month

6 The first 12 transfers per Policy year are free.

7 We reduce the single sum benefit by a discount factor to compensate us for lost income due to e arly payment of the death benefit. The discount factor is equal to the current yield on 90-day U.S. Treasury bills or the Policy loan rate, whichever is greater. Please see footnote 14 for a description of the loan rate. For information about the Terminal Illness Accelerated Death benefit Rider, including a numerical example showing the calculation of a discounted single sum benefit and the impact of acceleration of a portion of the death benefit available under a Policy on any remaining death benefit and cash value, please see the Supplemental Benefits (Riders)” section of this prospectus.

Periodic Charges Other Than Portfolio Operating Expenses
Charge	When Charge is Deducted	Amount Deducted
		Guaranteed Charge	Current Charge
Cost of Insurance8 (without Extra Ratings)9	Monthly, on the Policy date and on each Monthiversary until the insured reaches age 95
Maximum Charge10		$24.85 per $1,000 of net amount at risk per month11	$21.12 per $1,000 of net amount at risk per month11
Minimum Charge12		$0.06 per $1,000 of net amount at risk per month11	$0.06 per $1,000 of net amount at risk per month11
Initial Charge for a male insured, issue age 35 , in the ultimate select non-tobacco use underwriting class		$0. 14 per $1,000 of net amount at risk per month11	$0. 13 per $1,000 of net amount at risk per month11
Mortality and Expense Risk Charge	Daily	Annual rate of 0.90% of average daily net assets of each subaccount in which you are invested	Annual rate of 0.90% for Policy years 1 – 15, and 0.75% for Policy years 16+, of average daily net assets of each subaccount in which you are invested
Loan Interest Spread	On Policy Anniversary13	1.49% (effective annual rate, after rounding)14	0.74% (effective annual rate, after rounding) 14

8 Cost of insurance charges are based on a number of factors including, but not limited to: each insured’s attained age, gender, underwriting class, specified amount, Policy year, and the net amount at risk. Cost of insurance rates generally will increase each year with the age of the insured. The cost of insurance rates shown in the table may not be representative of the charges you will pay. Your Policy’s schedule page will indicate the guaranteed cost of insurance charges applicable to your Policy. You can obtain more detailed information concerning your cost of insurance charges by contacting your agent.

9 We may place insureds in sub-standard underwriting classes with extra ratings that reflect higher mortality risks and that result in higher cost of insurance rates. If the insured possesses additional mortality risks, we may add a surcharge to the cost of insurance rates up to a total charge of $83.33 monthly per $1,000 of net amount at risk.

10 This maximum charge is based on an insured with the following characteristics: male, age 75 at issue, standard tobacco underwriting class and in the 20th Policy year. This maximum charge may also apply to insureds with other characteristics.

11 The net amount at risk equals the death benefit on a Monthiversary;, divided by 1.0032737; minus the cash value on such Monthiversary.

12 This minimum charge is based on an insured with the following characteristics: female, age 10 at issue, juvenile underwriting class and in the first Policy year. This minimum charge may also apply to insureds with other characteristics.

13 While a Policy loan is outstanding, loan interest is payable in advance on each Policy anniversary. If prior to the next Policy anniversary, there is a loan repayment, Policy lapse or surrender, Policy termination, or the insured’s death, we will refund the amount of any loan interest we charged in advance for the period between the date of any such occurrence above and the next Policy anniversary.

14 The Loan Interest Spread is the difference between the amount of interest we charge you for a loan and the amount of interest we credit to your loan reserve account. We charge you an annual interest rate on a Policy loan of 5.2% in advance (5.49% effective annual interest rate) on each Policy anniversary. We will also currently credit the amount in the loan collateral account with an effective annual interest rate of 4.75% (4.0% minimum guaranteed). After the 10 th Policy year, on all amounts you have borrowed, we currently credit interest to the part of the cash value in excess of the premiums paid less withdrawals at an interest rate equal to the interest rate we charge on the total loan.

Periodic Charges Other Than Portfolio Operating Expenses
Charge	When Charge is Deducted	Amount Deducted
		Guaranteed Charge	Current Charge
Optional Rider Charges: 15
Accidental Death Benefit Rider	Monthly, on the Policy date and on each Monthiversary until the insured reaches age 70
Maximum Charge16		$0.18 per $1,000 of rider face amount per month		$0.18 per $1,000 of rider face amount per month
Minimum Charge17		$0.10 per $1,000 of rider face amount per month		$0.10 per $1,000 of rider face amount per month
Initial Charge for a male insured, issue age 35		$0.10 per $1,000 of rider face amount per month		$0.10 per $1,000 of rider face amount per month
Disability Waiver Rider18	Monthly, on the Policy date and on each Monthiversary until the insured reaches age 60
Maximum Charge19		$0.39 per $1,000 of Policy’s net amount at risk per month 11		$0.39 per $1,000 of Policy’s net amount at risk per month 11
Minimum Charge20		$0.03 per $1,000 of Policy’s net amount at risk per month 11		$0.03 per $1,000 of Policy’s net amount at risk per month 11
Initial charge for a male insured, issue age 35		$0. 05 per $1,000 of Policy’s net amount at risk per month11		$0. 05 per $1,000 of Policy’s net amount at risk per month11

15 Optional rider cost of insurance cha r ges are based on some combination of each insured’s issue age or attained age, gender, underwriting class, Policy year, and rider face amount. The cost of insurance rates shown in the table may not be representative of the charges you will pay. The rider will indicate the maximum guaranteed rider charges applicable to your Policy. You can obtain more information about this rider by contacting your agent.

16 This maximum charge is based on an insured with the following characteristics: male, age 50 at issue and in the 20th Policy year. This maximum charge may also apply to insureds with other characteristics.

17 This minimum charge is based on an insured with the following characteristics: male, age 45 at issue and in the first Policy year. This minimum charge may also apply to insureds with other characteristics.

18 Disability Waiver charges are based on the base insured’s issue age, gender and specified amount. The charges shown are for Base Policy only (no riders and benefits). You can obtain more information about these riders by contacting your agent.

19 This maximum charge is based on an insured with the following characteristics: female, age 55 at issue. This maximum charge may also apply to insureds with other characteristics.

20 This minimum charge is based on an insured with the following characteristics: male, age 25 at issue. This minimum charge may also apply to insureds with other characteristics.

Periodic Charges Other Than Portfolio Operating Expenses
Charge	When Charge is Deducted	Amount Deducted
		Guaranteed Charge		Current Charge1
Disability Waiver and Income Rider21	Monthly, on the Policy date and on each Monthiversary until the insured reaches age 60
Maximum Charge22		$0.86 per $10 monthly rider units	$0.86 per $10 monthly rider units
Minimum Charge23		$0.20 per $10 monthly rider units	$0.20 per $10 monthly rider units
Initial charge for a male insured, issue age 35		$0. 28 per $10 monthly rider units	$0. 28 per $10 monthly rider units
Children’s Insurance Rider24	Monthly, on the Policy date and on each Monthiversary until the youngest child reaches age 25	$0.60 per $1,000 of rider face amount per month	$0.60 per $1,000 of rider face amount per month
Other Insured Rider25 (without Extra Ratings)9 Maximum Charge10 Minimum Charge12	Monthly, on the Policy date and on each Monthiversary until the insured reaches age 95
		$24.85 per $1,000 of rider face amount per month	$21.12 per $1,000 of rider face amount per month
		$0.06 per $1,000 of rider face amount per month	$0.06 per $1,000 of rider face amount per month
Initial Charge for a female insured, issue age 30 , in the ultimate select non-tobacco use underwriting class		$0. 10 per $1,000 of rider face amount per month	$0. 10 per $1,000 of rider face amount per month

21 The charge for this rider is based on the primary insured’s issue age, gender and number of units of monthly disability income selected.

22 This maximum charge is based on an insured with the following characteristics: female, age 55 at issue. This maximum charge may also apply to insureds with other characteristics.

23 This minimum charge is based on an insured with the following characteristics: male, age 27 at issue. This minimum charge may also apply to insureds with other characteristics.

24 The charge for this rider is based on the rider face amount and the cost per $1,000 does not vary.

25 Rider charges are cost of insurance charges are based on each other insured’s issue age, gender, underwriting class, Policy year, and the rider face amount. Cost of insurance rates for this rider generally will increase each year with the age of the other insured. The cost of insurance rates shown in the table may not be representative of the charges you will pay. The rider will indicate the maximum guaranteed rider charges applicable to your Policy. You can obtain more information about this rider by contacting your agent.

	Lowest	Highest
Total Annual Portfolio Operating Expenses (total of all expenses that are deducted from portfolio assets, including management fees, 12b-1 fees, and other expenses)	0.41 %	3.98 %
Net Annual Portfolio Operating Expenses (total of all expenses that are deducted from portfolio assets, including management fees, 12b-1 fees, and other expenses, after contractual waiver of fees and expenses)3	0.41 %	1.68 %

·	Remove, combine, or add subaccounts and make the new or combined subaccounts available to you at our discretion;
·	Combine the separate account or any subaccount(s) with one or more different separate account(s) or subaccount(s);

·	Close certain subaccounts to allocations of new net premiums by current or new policyowners ;

·	Transfer assets of the separate account or any subaccount, which we determine to be associated with the class of policies to which the Policy belongs, to another separate account or subaccount;
·	Operate the separate account as a management investment company under the 1940 Act, or as any other form permitted by law;
·	Establish additional separate accounts or subaccounts to invest in new portfolios of the funds;
·	Manage the separate account at the direction of a committee;
·	Endorse the Policy, as permitted by law, to reflect changes to the separate account and subaccounts as may be required by applicable law;
·	Change the investment objective of a subaccount;
·	Substitute, add, or delete fund portfolios in which subaccounts currently invest net premiums, to include portfolios of newly designated funds;
·	Fund additional classes of variable life insurance policies through the separate account; and
·	Restrict or eliminate any voting privileges of owners or other persons who have voting privileges in connection with the operation of the separate account.


Portfolio	Investment Adviser/Sub-Adviser	Investment Objective
TRANSAMERICA SERIES TRUST:
Transamerica AEGON High Yield Bond VP 1	Transamerica Asset Management, Inc. AEGON USA Investment Management, LLC	Seeks a high level of current income by investing in high yield debt securities.
Transamerica Asset Allocation – Conservative VP 2	Transamerica Asset Management, Inc. Portfolio Construction Consultant: 3 Morningstar Associates, LLC	Seeks current income and preservation of capital.
Transamerica Asset Allocation – Growth VP 2	Transamerica Asset Management, Inc. Portfolio Construction Consultant: 3 Morningstar Associates, LLC	Seeks long-term capital appreciation.
Transamerica Asset Allocation – Moderate Growth VP 2	Transamerica Asset Management, Inc. Portfolio Construction Consultant : 3 Morningstar Associates, LLC	Seeks capital appreciation with current income as a secondary objective.
Transamerica Asset Allocation – Moderate VP 2	Transamerica Asset Management, Inc. Portfolio Construction Consultant: 3 Morningstar Associates, LLC	Seeks capital appreciation and current income.

Services and benefits we provide under the Policy:	·	the death benefit, cash and loan benefits;
Services and benefits we provide under the Policy:	·	investment options, including premium allocations;
	·	administration of elective options; and
	·	the distribution of reports to owners.

Costs and expenses we incur:	·	costs associated with processing and underwriting applications;
	·	expenses of issuing and administering the Policy (including any Policy riders);
	·	overhead and other expenses for providing services and benefits and sales and marketing expenses, including compensation paid in connection with the sale of the Policies; and
	·	other costs of doing business, such as collecting premiums, maintaining records, processing claims, effecting transactions, and paying federal, state and local premium and other taxes and fees.

Risks we assume:	·	that the charges we may deduct may be insufficient to meet our actual claims because insureds die sooner than we estimate; and
	·	that the costs of providing the services and benefits under the Policies may exceed the charges we are allowed to deduct.

The premium expense charge equals:	·	6.0% of premiums during the first ten Policy years; and
	·	2.5% of premiums thereafter.
NOTE:		Some or all of the premium expense charges we deduct are used to pay the aggregate Policy costs and expenses we incur, including distribution costs and/or state premium taxes. Although state premium tax rates imposed on us vary from state to state, the premium expense charge deducted will not vary with the state of residence of the policyowner.

The premium collection charge equals:	·	$3.00 per premium payment.
	·	We will not increase this charge.

The monthly deductions are equal to:	·	the monthly Policy charge for the Policy ; plus
	·	the monthly cost of insurance charge for the Policy (including any surcharge associated with flat or table substandard ratings) ; plus
	·	the portion of the monthly deductions for any benefits provided by riders attached to the Policy; plus
	·	the pro rata decrease charge (if applicable) incurred as a result of a decrease in the specified amount.

	Monthly Policy Charge:

	·	This charge currently equals $5.00 each Policy month. After the first Policy year, we may increase this charge.
	·	We guarantee this charge will never be more than $7.50 per month.
	·	This charge is used to cover aggregate Policy expenses.

	Cost of Insurance Charge:

	·	We deduct this charge each month. It varies each month and is determined as follows:

		1.	divide the death benefit on the Monthiversary by 1.0032737 (this factor reduces the net amount at risk, for purposes of computing the cost of insurance, by taking into account assumed monthly earnings at an annual rate of 4.0%);
		2.	subtract the cash value on the Monthiversary;

	3.	multiply the appropriate monthly cost of insurance rate for the Policy.

Optional Insurance Riders:

·	The monthly deductions will include charges for any optional insurance benefits you add to your Policy by rider.

·	your Policy's cash value in each subaccount ; multiplied by
·	the daily pro rata portion of the annual mortality and expense risk charge rate.

·	you pay premiums equal to or not much higher than the minimum monthly guarantee premium shown in your Policy; and/or
·	investment performance is low.

The surrender charge is equal to:	·	the surrender charge per $1,000 of specified amount (varies by issue age, gender and underwriting class on the Policy date) ; multiplied by
	·	the number of thousands of specified amount as it is stated in the Policy; multiplied by
	·	the surrender charge factor.

SURRENDER CHARGE FACTORS
END OF YEAR:*	ISSUE AGE:
END OF YEAR:*	0-39	40-44	45-49	50-54	55-59	60-64	65-69	70-74	75-80
At Issue	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
1	1.00	.98	.98	.97	.97	.96	.96	.95	.94
2	1.00	.97	.96	.95	.94	.93	.92	.91	.89
3	1.00	.96	.94	.93	.91	.90	.88	.87	.84
4	1.00	.94	.92	.91	.88	.87	.84	.83	.79
5	1.00	.92	.90	.89	.85	.84	.80	.79	.74
6	.90	.90	.90	.85	.82	.81	.76	.75	.69
7	.80	.80	.80	.80	.80	.77	.72	.71	.64
8	.70	.70	.70	70	.70	.70	.70	.67	.59
9	.60	.60	.60	.60	.60	.60	.60	.60	.54
10	.50	.50	.50	.50	.50	.50	.50	.50	.49
11	.40	.40	.40	.40	.40	.40	.40	.40	.40
12	.30	.30	.30	.30	.30	.30	.30	.30	.30
13	.20	.20	.20	.20	.20	.20	.20	.20	.20
14	.10	.10	.10	.10	.10	.10	.10	.10	.10
15+	0	0	0	0	0	0	0	0	0

The surrender charge	=	the surrender charge per thousand ($12.52)
	x	the number of thousands of initial specified amount (100)
	x	the surrender charge factor (0.90)
	=	$ 1,126.80

The pro rata decrease charge is equal to:	·	the surrender charge per $1,000 of specified amount (varies by issue age, gender and underwriting class on the Policy date) ; multiplied by
	·	the number of thousands of specified amount decreased; multiplied by
	·	the surrender charge factor applicable at the time of the decrease. (See Appendix A.)

·	a change in the death benefit option; or
·	a cash withdrawal (when you select death benefit Option A).

·	We currently allow you to make 12 transfers each year free from charge.
·	Except as listed below, we charge $25 for each additional transfer.
·	For purposes of assessing the transfer charge, all transfers made in one day, regardless of the number of subaccounts affected by the transfer, will be considered a single transfer.
·	We deduct the transfer charge from the amount being transferred.
·	Transfers resulting from loans , the exercise of conversion rights , or the reallocation of cash value immediately after the reallocation date, currently do not count as transfers for the purpose of assessing this charge.
·	Transfers via the Internet do not count as transfers for the purpose of assessing this charge.
·	Transfers among the ProFunds and/or Access Trust subaccounts do not count as transfers for the purpose of assessing this charge.
·	Transfers under asset rebalancing do not count as transfers for the purpose of assessing this charge.
	Transfers under dollar cost averaging do not count as transfers for the purpose of assessing this charge.
·	We will not increase this charge.

·	After the first Policy year, you may take one cash withdrawal per Policy year.
·	When you make a cash withdrawal, we charge a processing fee of $25 or 2% of the amount you withdraw, whichever is less.
·	We deduct this amount from the withdrawal, and we pay you the balance.
·	We will not increase this charge.

·	Terminal Illness Accelerated Death Benefit Rider. We reduce the single sum benefit by a discount factor to compensate us for expected lost income result ing from the early payment of the death benefit. The discount rate is equal to the current yield on 90-day U.S. Treasury bills or the Policy loan interest rate, whichever is greater. For a complete description of the Terminal Illness Accelerated Death Benefit Rider, please refer to the section entitled “Terminal Illness Accelerated Death Benefit Rider” in this prospectus.
·	Children’s Insurance Rider. We assess a cost of insurance charge based on the rider face amount regardless of the number of children insured.
·	Accidental Death Benefit Rider. We assess a cost of insurance charge based on the insured’s attained age and rider specified amount. Cost of insurance charges generally will increase each year with the age of the insured.
·	Other Insured Rider. We assess a cost of insurance charge based on each other insured’s issue age, gender, underwriting class, Policy year and the rider specified amount. Cost of insurance charges generally will increase each year with the age of the insured.
·	Disability Waiver Rider. We assess a rider charge based on the primary insured’s issue age, gender and net amount at risk for the Policy, as well as a charge based on those riders that would be eligible to have monthly deductions waived.
·	Disability Waiver and Income Rider. We assess a rider charge based on the primary insured’s issue age, gender and the amount of monthly waiver of premium benefit that would be paid in the event of total disability, as defined in the rider.
·	Primary Insured Rider (“PIR”) and Primary Insured Rider Plus (“PIR Plus”). We assess a cost of insurance charge based on the insured’s issue age, gender, underwriting class, Policy year and the rider face amount. Cost of insurance charges generally will increase each year with the age of the insured.

Incoming Payments to Western Reserve and TCI
Fund	Maximum Fee % of assets*	Fund	Maximum Fee % of assets*
Transamerica Series Trust **	--	Fidelity Variable Insurance Products Funds	0.45%***
ProFunds	0.50%	Access One Trust	0.50%
Alliance Bernstein	0.25%	Franklin Templeton	0.35%

·	to designate or change beneficiaries before the death of the insured;
·	to receive amounts payable before the death of the insured;
·	to assign the Policy (if you assign the Policy, your rights and the rights of anyone who is to receive payment under the Policy are subject to the terms of that assignment);
·	to change the owner of this Policy; and
·	to change the specified amount or death benefit option type of this Policy.

·	to make the Policy or the separate account comply with any law or regulation issued by a governmental agency to which we are subject; or
·	to assure qualification of the Policy as a life insurance contract under the Internal Revenue Code or to meet applicable requirements of federal or state laws relating to variable life policies; or
·	to reflect a change in the operation of the separate account; or
·	to provide additional subaccounts and/or fixed account options.

·	the date of your application; or
·	the date the insured completes all of the medical tests and examinations that we require.

The aggregate amount of conditional insurance coverage, if any, is the lesser of:	·	the amounts applied for under all conditional receipts issued by us; or
	·	$500,000 of life insurance.

Subject to the conditions and limitations of the	·	the date of application; or
conditional receipt, conditional insurance under		the date of the last medical examination, test,
the terms of the Policy applied for may become		and other screenings required by us, if any (the
effective as of the later of:		“Effective Date”). Such conditional insurance
		will take effect as of the Effective Date, so long
		as all of the following requirements are met:
		1.	The person proposed to be insured is found to have been insurable as of the Effective Date, exactly as applied for in accordance with our underwriting rules and standards, without any modifications as to plan, amount, or premium rate;
		2.	As of the Effective Date, all statements and answers given in the application must be true;
		3.	The payment made with the application must not be less than the full initial premium for the mode of payment chosen in the application and must be received at our mailing address within the lifetime of the proposed insured;
		4.	All medical examinations, tests, and other screenings required of the proposed insured by us are completed and the results received at our mailing address within 60 days of the date the application was signed; and
		5.	All parts of the application, any supplemental application, questionnaires, addendum and/or amendment to the application are signed and received , in good order, at our mailing address.

Any conditional life insurance coverage terminates on the earliest of:	a.	60 days from the date the application was signed;
	b.	the date we either mail notice to the applicant of the rejection of the application and/or mail a refund of any amounts paid with the application;
	c.	when the insurance applied for goes into effect under the terms of the Policy applied for; or
	d.	the date we offer to provide insurance on terms that differ from the insurance for which you have applied.


Special limitations of the conditional receipt:	·	the conditional receipt is not valid unless:
		>	all blanks in the conditional receipt are completed; and
		>	the receipt is signed by a registered representative or authorized Company representative.

Other limitations:	·	There is no conditional receipt coverage for riders or any additional benefits, if any, for which you may have applied.
	·	If one or more of the receipt’s conditions have not been met exactly, or if a proposed insured dies by suicide, we will not be liable except to return any payment made with the application.
	·	If we do not approve and accept the application within 60 days of the date you signed the application, the application will be deemed to be rejected by us and there will be no conditional insurance coverage. In that case, Western Reserve’s liability will be limited to returning any payment(s) you have made upon return of this receipt to us.

Transaction Type:	Priced when received at our:
payment by check	mailing address, unless other address appears on your billing coupon
transfer request	administrative office
payment by wire transfer	administrative office
electronic credit and debit transactions (e.g., payments through direct deposit, debit transfers, and forms of e-commerce payments	administrative office

·	allocation percentages must be in whole numbers;
·	if you select dollar cost averaging, we may require you to have a minimum of $5,000 in each subaccount from which we will make transfers and you may be required to transfer at least a total of $100 monthly; and
·	if you select asset rebalancing, the cash value of your Policy, if an existing Policy, or your minimum initial premium, if a new Policy, must be at least $5,000.

·	You currently may request transfers in writing (in a form we accept) to our mailing address ; by fax or by telephone to our administrative office; or electronically through our website (www.westernreserve.com). Please note: Certain subaccounts have similar names. It is important that you state or write the full name of the subaccount when making a transfer request to ensure that any transfer request is in good order .
·	There is no minimum amount that must be transferred.
·	There is no minimum amount that must remain in a subaccount after a transfer.
·	Except as listed below, we deduct a $25 charge from the amount transferred for each transfer in excess of 12 transfers in a Policy year.
·	We consider all transfers made in any one day to be a single transfer.
·	Transfers resulting from loans or the exercise of conversion rights or due to the reallocation of cash value immediately after the reallocation date, currently are not treated as transfers for the purpose of assessing the transfer charge.
·	Transfers via the Internet are not treated as transfers for the purpose of assessing the transfer charge.
·	Transfers among the ProFunds and/or Access Trust subaccounts do not count as transfers for the purpose of assessing the transfer charge.
·	Transfers under asset rebalancing currently do not count as transfers for the purpose of assessing the transfer charge.
·	Transfers under dollar cost averaging currently do not count as transfers for the purpose of assessing the transfer charge.

·	impose redemption fees on transfers;
·	expressly limit the number or size of transfers in a given period except for certain subaccounts where an underlying fund portfolio has advised us to prohibit certain transfers that exceed a certain size; or
·	provide a certain number of allowable transfers in a given period.

·	We will employ reasonable procedures to confirm that the instructions are genuine.
·	If we follow these procedures, we are not liable for any loss, damage, cost or expense from complying with telephone instructions we reasonably believe to be authentic. You bear the risk of any such loss.
·	If we do not employ reasonable confirmation procedures, we may be liable for losses due to unauthorized or fraudulent instructions.
·	Such procedures may include requiring forms of personal identification prior to acting upon telephone instructions, providing written confirmation of transactions to owners, and/or tape recording telephone instructions received from owners.
·	We may also require that you send us the telephone, Internet or fax transfer order in writing at our mailing address.
·	If you do not want the ability to make telephone or Internet transfers, you should notify us in writing at our mailing address.
·	We will not be responsible for same-day processing of transfers if faxed to a number other than 1-727-299-1648 or 1-727-299-1620.
·	We will not be responsible for any transmittal problems when you fax us your order unless you report it to us within five business days and send us proof of your fax transmittal. We may discontinue this option at any time.