Transaction Type
|
Direct or Send to
|
Telephonic Transaction
|
1-727- 299-1800 or 1-800-851-9777 (toll free)
|
Facsimile Transaction
|
1-727-299-1648 (subaccount transfers only)
1-727-299-1620 (all other facsimile transactions)
|
Electronic Transaction
|
www.premier.transamerica.com
|
All payments made by check, and all claims, correspondence and notices
|
Mailing Address: 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499-0001
|
Transamerica Series Trust*
|
Transamerica Series Trust* (Cont.)
|
ProFunds (Cont.)
|
||||
Ø
|
Transamerica AB Dynamic Allocation VP
|
Ø
|
Transamerica PIMCO Tactical – Balanced VP
|
Ø
|
ProFund VP Falling U.S. Dollar
|
|
Ø
|
Transamerica Aegon Government Money Market VP
|
Ø
|
Transamerica PIMCO Tactical – Conservative VP
|
Ø
|
ProFund VP Financials
|
|
Ø
|
Transamerica Aegon High Yield Bond
|
Ø
|
Transamerica PIMCO Tactical – Growth VP
|
Ø
|
ProFund VP Government Money Market
|
|
Ø
|
Transamerica Aegon U.S. Government Securities VP
|
Ø
|
Transamerica PIMCO Total Return VP
|
Ø
|
ProFund VP International
|
|
Ø
|
Transamerica Asset Allocation – Conservative VP
|
Ø
|
Transamerica QS Investors Active Asset Allocation – Conservative VP
|
Ø
|
ProFund VP Japan
|
|
Ø
|
Transamerica Asset Allocation – Growth VP
|
Ø
|
Transamerica QS Investors Active Asset Allocation – Moderate Growth VP
|
Ø
|
ProFund VP Mid-Cap
|
|
Ø
|
Transamerica Asset Allocation – Moderate Growth VP
|
Ø
|
Transamerica QS Investors Active Asset Allocation – Moderate VP
|
Ø
|
ProFund VP NASDAQ-100
|
|
Ø
|
Transamerica Asset Allocation – Moderate VP
|
Ø
|
Transamerica Small/Mid Cap Value VP
|
Ø
|
ProFund VP Oil & Gas
|
|
Ø
|
Transamerica Barrow Hanley Dividend Focused VP
|
Ø
|
Transamerica T. Rowe Price Small Cap VP
|
Ø
|
ProFund VP Pharmaceuticals
|
|
Ø
|
Transamerica BlackRock Global Allocation VP
|
Ø
|
Transamerica Torray Concentrated Growth VP
|
Ø
|
ProFund VP Precious Metals
|
|
Ø
|
Transamerica BlackRock Tactical Allocation VP
|
Ø
|
Transamerica WMC US Growth VP
|
Ø
|
ProFund VP Short Emerging Markets
|
|
Ø
|
Transamerica Clarion Global Real Estate Securities VP
|
Fidelity Funds
|
Ø
|
ProFund VP Short International
|
||
Ø
|
Transamerica International Moderate Growth VP
|
Ø
|
Fidelity Index 500 Portfolio
|
Ø
|
ProFund VP Short NASDAQ-100
|
|
Ø
|
Transamerica Janus Balanced VP
|
AllianceBernstein Variable Products Series Fund
|
Ø
|
ProFund VP Short Small-Cap
|
||
Ø
|
Transamerica Janus Mid-Cap Growth VP
|
Ø
|
AB Balanced Wealth Strategy Portfolio
|
Ø
|
ProFund VP Small-Cap
|
|
Ø
|
Transamerica Jennison Growth VP
|
Franklin Templeton Variable Products Trust
|
Ø
|
ProFund VP Small-Cap Value
|
||
Ø
|
Transamerica JPMorgan Core Bond VP
|
Ø
|
Franklin Founding Funds Allocation VIP Fund
|
Ø
|
ProFund VP Telecommunications
|
|
Ø
|
Transamerica JPMorgan Enhanced Index VP
|
ProFunds
|
Ø
|
ProFund VP UltraNASDAQ - 100
|
||
Ø
|
Transamerica JPMorgan Tactical Allocation VP
|
Ø
|
ProFund VP Asia 30
|
Ø
|
ProFund VP UltraSmall-Cap
|
|
Ø
|
Transamerica Managed Risk – Balanced ETF VP
|
Ø
|
ProFund VP Basic Materials
|
Ø
|
ProFund VP U.S. Government Plus
|
|
Ø
|
Transamerica Managed Risk – Growth ETF VP
|
Ø
|
ProFund VP Bull
|
Ø
|
ProFund VP Utilities
|
|
Ø
|
Transamerica MFS International Equity VP
|
Ø
|
ProFund VP Consumer Services
|
Access Trust
|
||
Ø
|
Transamerica Morgan Stanley Capital Growth VP
|
Ø
|
ProFund VP Emerging Markets
|
Ø
|
Access VP High Yield Fund
|
|
Ø
|
Transamerica Multi-Managed Balanced VP
|
Ø
|
ProFund VP Europe 30
|
Policy Benefits/Risk Summary Transamerica® Associate Freedom Elite Builder
|
|
Policy Benefits
|
1
|
Risks of Your Policy
|
3
|
Fee Tables
|
5
|
Fee Tables for Policies Applied for On or After May 1, 2009
|
6
|
Fee Tables for Policies Issued Before January 1, 2009
|
13
|
Transamerica Premier, The Separate Account, The Fixed Account and The Portfolios
|
20
|
The Separate Account
|
21
|
The Fixed Account
|
22
|
The Portfolios
|
22
|
Charges and Deductions
|
33
|
Monthly Deductions
|
33
|
Mortality and Expense Risk Charge
|
35
|
Loan Interest Rate Charge
|
35
|
Taxes
|
36
|
Rider Charges
|
36
|
Portfolio Expenses
|
36
|
Revenue We Receive
|
36
|
The Policy
|
38
|
Ownership Rights
|
38
|
Modifying the Policy
|
38
|
Purchasing a Policy
|
38
|
Tax-Free "Section 1035" Exchanges
|
39
|
When Insurance Coverage Takes Effect
|
39
|
Backdating a Policy
|
41
|
Premiums
|
42
|
Allocating Premiums
|
42
|
Premium Flexibility
|
43
|
Planned Periodic Payments
|
43
|
Minimum Monthly Guarantee Premium
|
43
|
No Lapse Guarantee
|
43
|
Premium Limitations & Payments
|
44
|
Transfers
|
44
|
General
|
44
|
Disruptive Trading and Market Timing
|
45
|
Telephone, Fax and Online Privileges
|
47
|
Fixed Account Transfers
|
48
|
Dollar Cost Averaging
|
49
|
Asset Rebalancing Program
|
49
|
Third Party Asset Allocation Services
|
50
|
Policy Values
|
51
|
Cash Value
|
51
|
Net Surrender Value
|
51
|
Subaccount Value
|
51
|
Subaccount Unit Value
|
52
|
Fixed Account Value
|
52
|
Death Benefit
|
52
|
Death Benefit Proceeds
|
52
|
Death Benefit
|
53
|
Effect of Cash Withdrawals on the Death Benefit
|
55
|
Choosing Death Benefit Options
|
55
|
Changing the Death Benefit Option
|
55
|
Increasing/Decreasing the Specified Amount
|
55
|
Payment Options
|
56
|
Surrenders and Cash Withdrawals
|
57
|
Surrenders
|
57
|
Cash Withdrawals
|
57
|
Canceling a Policy
|
58
|
Signature Guarantees
|
59
|
Loans
|
59
|
General
|
59
|
Loan Interest Spread
|
60
|
Effect of Policy Loans
|
61
|
Policy Lapse and Reinstatement
|
61
|
Lapse
|
61
|
No Lapse Guarantee
|
61
|
Reinstatement
|
62
|
Federal Income Tax Considerations
|
63
|
Tax Status of the Policy
|
63
|
Tax Treatment of Policy Benefits
|
63
|
Other Policy Information
|
66
|
Settlement Options
|
66
|
Benefits at Maturity
|
67
|
Payments We Make
|
67
|
Split Dollar Arrangements
|
68
|
Policy Termination
|
68
|
Assignment of the Policy
|
68
|
Supplemental Benefits (Riders)
|
68
|
Other Insured Rider
|
69
|
Children's Insurance Rider
|
69
|
Accidental Death Benefit Rider
|
69
|
Disability Waiver Rider
|
70
|
Disability Waiver and Income Rider
|
70
|
Living Benefit Rider (an Accelerated Death Benefit)
|
70
|
Additional Information
|
71
|
Unclaimed or Abandoned Property
|
71
|
71
|
|
Distribution of the Policies
|
71
|
Legal Proceedings
|
72
|
Financial Statements
|
72
|
Glossary
|
73
|
Appendix A - Illustrations
|
77
|
Prospectus Back Cover
|
81
|
·
|
The Transamerica® Associate Freedom Elite Builder is an individual flexible premium variable life insurance policy. The Policy is priced like a group sponsored product. It has reduced charges including, surrender charges, cost of insurance rates, the monthly Policy charge, and premium expense charges.
|
·
|
The Policy gives you the potential for long-term life insurance coverage with the opportunity for tax-deferred cash value accumulation.
|
·
|
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 the Policy in conjunction with other insurance that you own.
|
·
|
For Policies applied for on or after May 1, 2009, we offer four (4) bands of coverage under the Policy depending on the initial specified amount of insurance you have selected and any adjustments to the specified amount after issue:
|
·
|
Band 1: $50,000 - $249,999
|
·
|
Band 2: $250,000 - $499,999
|
·
|
Band 3: $500,000 - $999,999
|
·
|
Band 4: $1,000,000 or more
|
·
|
Certain Policy charges are based on the band of coverage. Generally, the higher the band the lower the charges.
|
·
|
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 will have a free look period once we deliver your Policy. You may return the Policy with the owner's original signature and a written request 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.
|
·
|
You may apply for an increase in the specified amount at any time before the insured's 86th birthday, and you may decrease the specified amount after your Policy has been in force for three years, but you may not increase and decrease the specified amount in the same Policy year. If approved, the change will take effect on the next Policy Monthiversary. Changes are not allowed after the insured reaches age 95. The amount of your decrease may be limited. For further details, please see "Death Benefits – Increasing/Decreasing the Specified Amount."
|
·
|
You can invest your premium in, and transfer your cash value to, subaccounts. Your cash value will fluctuate with the daily performance of the portfolios in which the subaccount invest.
|
·
|
You may place your money in the fixed account where it earns an interest rate declared in advance for a specified period (at least 3% annual interest) or in any of the subaccounts of the WRL Series Life Account (the "Separate Account") which are described in this prospectus. The fixed account is not available to you if your Policy was issued before January 1, 2009 in the State of New Jersey.
|
·
|
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). Investment returns are not guaranteed. The Policy is not suitable as a short-term investment or savings vehicle.
|
·
|
Your Policy has a no lapse guarantee which means that as long as certain requirements are met, your Policy will remain in force and no grace period will begin until the no lapse date shown on your Policy schedule page. 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 premiums (minus any cash withdrawals, minus any outstanding loan amount, including any accrued loan interest, 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 the section of this prospectus entitled "Policy Lapse and Reinstatement."
|
·
|
Choose the timing, amount and frequency of premium payments.
|
·
|
Change the Death Benefit Option.
|
·
|
Increase or decrease the amount of life insurance coverage.
|
·
|
Change the beneficiary.
|
·
|
Transfer cash value among investment options available under the Policy.
|
·
|
Take a loan against the Policy.
|
·
|
Take cash withdrawals or surrender the Policy.
|
·
|
Under Option A, the death benefit is the greatest of:
|
|
>
|
The specified amount; or
|
|
>
|
The minimum death benefit under the Guideline Premium Test; or
|
|
>
|
The amount required for the Policy to qualify as a life insurance policy under Section 7702 of the Internal Revenue Code.
|
|
·
|
Under Option B, the death benefit is the greatest of:
|
|
>
|
The specified amount plus the Policy's cash value on the date of the insured's death; or
|
|
>
|
The minimum death benefit under the Guideline Premium Test; or
|
|
>
|
The amount required for the Policy to qualify as a life insurance policy under Section 7702 of the Internal Revenue Code.
|
|
·
|
Under Option C, the death benefit is the greatest of:
|
|
>
|
The amount payable under Option A; or
|
|
>
|
The 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.
|
·
|
Withdrawals – You can withdraw part of your Policy's net surrender value once each year after the first Policy year. Withdrawals are described in more detail in the section of this prospectus entitled "Surrenders and Cash Withdrawals – Cash Withdrawals."
|
·
|
Loans – After the first Policy year, you can take a loan from the Policy using your Policy's net surrender value as security as long as you qualify. Loans and loan interest rates are described in the section of this prospectus entitled "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 of this prospectus entitled "Surrenders and Cash Withdrawals – Surrenders."
|
·
|
Reduce your Policy's specified amount.
|
·
|
Reduce the death benefit proceeds paid to your beneficiary.
|
·
|
Make your Policy more susceptible to lapsing.
|
·
|
Trigger federal income taxes and, possibly a penalty tax.
|
Transaction Fees
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Expedited Delivery1
(cash withdrawals & surrenders)
|
When service is provided
|
Will vary based on the vendor rates at the time of service
|
$30 for overnight ($35 for Saturday delivery); $50 for wire service
|
Living Benefit Rider3
(an Accelerated Death Benefit)
|
When rider is exercised
|
Discount Factor
|
Discount Factor
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Monthly Policy Charge
|
Monthly, on the Policy date and on each Monthiversary
|
$7.00 per month during the first Policy year; $12.00 per month thereafter, issue ages 0-17
$0 per month for issue ages 18 and higher
|
$7.00 per month for juveniles, issue ages 0-17
$0 per month for issue ages 18 and higher
|
Cost of Insurance4
(without Extra Ratings)5
|
Monthly, on the Policy date and on each Monthiversary
|
||
Maximum Charge6
|
$29.79 per $1,000 of net amount at risk per month7
|
$29.19 per $1,000 of net amount at risk per month7
|
|
Minimum Charge8
|
$0.02 per $1,000 of net amount at risk per month7
|
$0.01 per $1,000 of net amount at risk per month7
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Cost of Insurance (continued)
|
|||
Initial Charge for a male insured, issue age 35 , in the ultimate select non-tobacco use class, Band 2
|
$0. 09 per $1,000 of net amount at risk per month7
|
$0.0 4 per $1,000 of net amount at risk per month7
|
|
Mortality and Expense Risk Charge
|
Daily
|
Annual rate of 1.50% of average daily net assets of each subaccount in which you are invested (for all Policy years)
|
Annual rate of 1.50% for Policy years 1 – 15, and 0.30% for Policy years 16+, of average daily net assets of each subaccount in which you are invested
|
Loan Interest Spread9
|
On Policy anniversary or earlier, as applicable10
|
1.0% (effective annual rate)
|
0.75% (effective annual rate)
|
Optional Rider Charges:11
|
|||
Accidental Death Benefit Rider
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 70
|
||
Maximum Charge12
|
$0.18 per $1,000 of rider face amount per month
|
$0.18 per $1,000 of rider face amount per month
|
|
Minimum Charge13
|
$0.10 per $1,000 of rider face amount per month
|
$0.10 per $1,000 of rider face amount per month
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Optional Rider Charges (continued)
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Accidental Death Benefit Rider (continued)
|
|||
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 Rider14
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 60
|
||
Maximum Charge15
|
$0.39 per $1,000 of net amount at risk per month7
|
$0.39 per $1,000 of net amount at risk per month7
|
|
Minimum Charge16
|
$0.03 per $1,000 of net amount at risk per month7
|
$0.03 per $1,000 of net amount at risk per month7
|
|
Initial charge for a male insured, issue age 35
|
$0.06 per $1,000 of net amount at risk per month7
|
$0.06 per $1,000 of net amount at risk per month7
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Optional Rider Charges (continued)
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Disability Waiver and Income Rider17
(Income charges plus Waiver of Monthly Deductions charges)
Income portion:
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 60
|
||
Maximum Charge18
|
$0.86 per $10 monthly rider benefit
|
$0.86 per $10 monthly rider benefit
|
|
Minimum Charge19
|
$0.20 per $10 monthly rider benefit
|
$0.20 per $10 monthly rider benefit
|
|
Initial charge for a male insured, issue age 35
Monthly deductions waiver portion:
|
$0. 28 per $10 monthly rider benefit
|
$0. 28 per $10 monthly rider benefit
|
|
Maximum Charge15
|
$0.39 per $1,000 of net amount at risk per month7
|
$0.39 per $1,000 of net amount at risk per month7
|
|
Minimum Charge16
|
$0.03 per $1,000 of net amount at risk per month7
|
$0.03 per $1,000 of net amount at risk per month7
|
|
Initial charge for a male insured, issue age 35
|
$0.0 5 per $1,000 of net amount at risk per month7
|
$0.0 5 per $1,000 of net amount at risk per month7
|
|
Children's Insurance Rider20
|
Monthly, on the Policy date and on each Monthiversary until the Monthiversary after the last insured child reaches his/her 25th birthday (or until the death of the last child)
|
$0.60 per $1,000 of rider face amount per month
|
$0.60 per $1,000 of rider face amount per month
|
Other Insured Rider21
(without Extra Ratings)4
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 100
|
||
Maximum Charge22
|
$29.79 per $1,000 of rider face amount per month
|
$29.19 per $1,000 of rider face amount per month
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Optional Rider Charges (continued)
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Other Insured Rider21
(continued)
(without Extra Ratings)4
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 100
|
||
Minimum Charge23
|
$0.02 per $1,000 of rider face amount per month
|
$0.01 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 class
|
$0.05 per $1,000 of rider face amount per month
|
$0.04 per $1,000 of rider face amount per month
|
Transaction Fees
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Expedited Delivery1
(cash withdrawals & surrenders)
|
When service is provided
|
Will vary based on the vendor rates at the time of service
|
$30 for overnight ($35 for Saturday delivery); $50 for wire service
|
Living Benefit Rider3
(an Accelerated Death Benefit)
|
When rider is exercised
|
Discount Factor
|
Discount Factor
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Cost of Insurance4
(without Extra Ratings)5
|
Monthly, on the Policy date and on each Monthiversary
|
||
Maximum Charge6
|
$83.33 per $1,000 of net amount at risk per month7
|
$19.35 per $1,000 of net amount at risk per month7,8
|
|
Minimum Charge
|
$0.06 per $1,000 of net amount at risk per month7,8
|
$0.02 per $1,000 of net amount at risk per month7,9
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Cost of Insurance (continued)
|
|||
Initial Charge for a male insured, issue age 35, in the ultimate select non-tobacco use class10
|
$0.14 per $1,000 of net amount at risk per month7
|
$0.03 per $1,000 of net amount at risk per month7
|
|
Mortality and Expense Risk Charge
|
Daily
|
Annual rate of 0.90% for Policy years 1 – 15, and 0.60% for Policy years 16+, of average daily net assets of each subaccount in which you are invested
|
Annual rate of 0.90% for Policy years 1 – 15, and 0.30% for Policy years 16+, of average daily net assets of each subaccount in which you are invested
|
Loan Interest Spread11
|
On Policy anniversary or earlier, as applicable12
|
1.0% (effective annual rate)
|
|
Accidental Death Benefit Rider13
|
|||
Maximum Charge14
|
$0.18 per $1,000 of rider face amount per month
|
$0.18 per $1,000 of rider face amount per month
|
|
Minimum Charge15
|
$0.10 per $1,000 of rider face amount per month
|
$0.10 per $1,000 of rider face amount per month
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Optional Rider Charges (continued)
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Accidental Death Benefit Rider (continued)
|
|||
Initial Charge for a male insured, issue age 3510
|
$0.10 per $1,000 of rider face amount per month
|
$0.10 per $1,000 of rider face amount per month
|
|
Disability Waiver Rider16
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 60
|
||
Maximum Charge17
|
$0.39 per $1,000 of net amount at risk per month7
|
$0.39 per $1,000 of net amount at risk per month7
|
|
Minimum Charge18
|
$0.03 per $1,000 of net amount at risk per month7
|
$0.03 per $1,000 of net amount at risk per month7
|
|
Initial charge for a male insured, issue age 3510
|
$0.05 per $1,000 of net amount at risk per month7
|
$0.05 per $1,000 of net amount at risk per month7
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Optional Rider Charges (continued)
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Disability Waiver and Income Rider19
(Income charges plus Waiver of Monthly Deductions charges)
Income portion:
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 60
|
||
Maximum Charge20
|
$0.86 per $10 monthly rider benefit
|
$0.86 per $10 monthly rider benefit
|
|
Minimum Charge21
|
$0.20 per $10 monthly rider benefit
|
$0.20 per $10 monthly rider benefit
|
|
Initial charge for a male insured, issue age 35
|
$0.28 per $10 monthly rider benefit
|
$0.28 per $10 monthly rider benefit
|
|
Waiver of Monthly Deductions portion:
Maximum Charge17
|
$0.39 per $1,000 of net amount at risk per month7
|
$0.39 per $1,000 of net amount at risk per month7
|
|
Minimum Charge18
|
$0.03 per $1,000 of net amount at risk per month7
|
$0.03 per $1,000 of net amount at risk per month7
|
|
Initial charge for a male insured, issue age 3510
|
$0.05 per $1,000 of net amount at risk per month7
|
$0.05 per $1,000 of net amount at risk per month7
|
|
Children's Insurance Rider22
|
Monthly, on the Policy date and on each Monthiversary until the Monthiversary after the last insured child reaches his/her 25th birthday (or until the death of the last child)
|
$0.60 per $1,000 of rider face amount per month
|
$0.60 per $1,000 of rider face amount per month
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Optional Rider Charges (continued)
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge2
|
||
Other Insured Rider23
(without Extra Ratings)5
Maximum Charge24
Minimum Charge25
Initial charge for a female insured, issue age 30, in the ultimate select non-tobacco use class10
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 100
|
$83.33 per $1,000 of rider face amount per month
$0.06 per $1,000 of rider face amount per month25
$0.10 per $1,000 of rider face amount per month
|
$19.35 per $1,000 of rider face amount per month
$0.02 per $1,000 of rider face amount per month9
$0.02 per $1,000 of rider face amount per month
|
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)
|
0.33 %
|
4.39 %
|
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
|
0.33 %
|
1.68 %
|
·
|
Remove, combine, or add subaccounts and make the combined or new subaccounts available for allocation of net premiums.
|
·
|
Combine the separate account or any subaccounts with one or more different separate accounts or subaccounts and/or create new separate accounts.
|
·
|
Close certain subaccounts to allocations of new net premiums by current or new policyowners at any time in our discretion.
|
·
|
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 company under the 1940 Act, or as any other form of investment company permitted by law.
|
·
|
Establish additional separate accounts or subaccounts to invest in new portfolios.
|
·
|
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 portfolios will not be added, deleted or substituted without prior approval of the SEC to the extent required by the 1940 Act or other applicable laws.)
|
·
|
Fund additional classes of variable life insurance policies through the separate account.
|
·
|
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 AB Dynamic Allocation VP
|
Transamerica Asset Management, Inc.
AllianceBernstein, L.P.
|
Seeks capital appreciation and current income.
|
Transamerica Aegon Government Money Market VP1
|
Transamerica Asset Management, Inc.
Aegon USA Investment Management, LLC
|
Seeks as high a level of current income as is consistent with preservation of capital and liquidity.
|
Transamerica Aegon High Yield Bond VP2
|
Transamerica Asset Management, Inc.
Aegon USA Investment Management, LLC
|
Seeks a high level of current income by investing in high-yield debt securities.
|
Transamerica Aegon U.S. Government Securities VP
|
Transamerica Asset Management, Inc.
Aegon USA Investment Management, LLC
|
Seeks to provide as high a level of total return as is consistent with prudent investment strategies.
|
*Transamerica Asset Allocation – Conservative VP 3
|
Transamerica Asset Management, Inc.
J.P. Morgan Investment Management Inc.
|
Seeks current income and preservation of capital.
|
*Transamerica Asset Allocation – Growth VP 3
|
Transamerica Asset Management, Inc.
J.P. Morgan Investment Management Inc.
|
Seeks long-term capital appreciation.
|
*Transamerica Asset Allocation – Moderate Growth VP 3
|
Transamerica Asset Management, Inc.
J.P. Morgan Investment Management Inc.
|
Seeks capital appreciation with current income as a secondary objective.
|
*Transamerica Asset Allocation – Moderate VP 3
|
Transamerica Asset Management, Inc.
J.P. Morgan Investment Management Inc.
|
Seeks capital appreciation and current income.
|
Transamerica Barrow Hanley Dividend Focused VP
|
Transamerica Asset Management, Inc.
Barrow, Hanley, Mewhinney & Strauss, LLC
|
Seeks total return gained from the combination of dividend yield, growth of dividends and capital appreciation.
|
Transamerica BlackRock Global Allocation VP
|
Transamerica Asset Management, Inc.
BlackRock Investment Management, LLC
|
Seeks high total investment return. Total investment return is the combination of capital appreciation and investment income.
|
*Transamerica BlackRock Tactical Allocation VP4
|
Transamerica Asset Management, Inc.
BlackRock Financial Management, Inc.
|
Seeks capital appreciation with current income as a secondary objective.
|
Portfolio
|
Investment Adviser/Sub-Adviser
|
Investment Objective
|
Transamerica Clarion Global Real Estate Securities VP
|
Transamerica Asset Management, Inc.
CBRE Clarion Securities LLC
|
Seeks long-term total return from investments primarily in equity securities of real estate companies. Total return consists of realized and unrealized capital gains and losses plus income.
|
*Transamerica International Moderate Growth VP 3
|
Transamerica Asset Management, Inc.
J.P. Morgan Investment Management Inc.
|
Seeks capital appreciation with current income as a secondary objective.
|
Transamerica Janus Balanced VP
|
Transamerica Asset Management, Inc.
Janus Capital Management LLC
|
Seeks long-term capital growth, consistent with preservation of capital and balanced by current income.
|
Transamerica Janus Mid-Cap Growth VP
|
Transamerica Asset Management, Inc.
Janus Capital Management LLC
|
Seeks long-term capital appreciation.
|
Transamerica Jennison Growth VP
|
Transamerica Asset Management, Inc.
Jennison Associates, LLC.
|
Seeks long-term growth of capital.
|
Transamerica JPMorgan Core Bond VP
|
Transamerica Asset Management, Inc.
JPMorgan Investment Management, Inc.
|
Seeks total return, consisting of current income and capital appreciation.
|
Transamerica JPMorgan Enhanced Index VP
|
Transamerica Asset Management, Inc.
J. P. Morgan Investment Management Inc.
|
Seeks to earn a total return modestly in excess of the total return performance of the S&P 500® (including the reinvestment of dividends) while maintaining a volatility of return similar to the S&P 500®.
|
Transamerica JPMorgan Tactical Allocation VP
|
Transamerica Asset Management, Inc.
J. P. Morgan Investment Management Inc.
|
Seeks current income and preservation of capital.
|
Transamerica Managed Risk – Balanced ETF VP
|
Transamerica Asset Management, Inc.
Milliman Financial Risk Management LLC
|
Seeks to balance capital appreciation and income.
|
Transamerica Managed Risk – Growth ETF VP
|
Transamerica Asset Management, Inc.
Milliman Financial Risk Management LLC
|
Seeks capital appreciation as a primary objective and income as a secondary objective.
|
Transamerica MFS International Equity VP
|
Transamerica Asset Management, Inc.
MFS® Investment Management
|
Seeks capital growth.
|
Portfolio
|
Investment Adviser/Sub-Adviser
|
Investment Objective
|
Transamerica Morgan Stanley Capital Growth VP
|
Transamerica Asset Management, Inc.
Morgan Stanley Investment Management Inc.
|
Seeks to maximize long-term growth.
|
Transamerica Multi-Managed Balanced VP
|
Transamerica Asset Management, Inc.
Aegon USA Investment Management, LLC
J. P. Morgan Investment Management Inc.
|
Seeks to provide a high total investment return through investments in a broadly diversified portfolio of stocks, bonds and money market instruments.
|
*Transamerica PIMCO Tactical-Balanced VP
|
Transamerica Asset Management, Inc.
Pacific Investment Management Company LLC
|
Seeks a combination of capital appreciation and income.
|
*Transamerica PIMCO Tactical-Conservative VP
|
Transamerica Asset Management, Inc.
Pacific Investment Management Company LLC
|
Seeks a combination of capital appreciation and income.
|
*Transamerica PIMCO Tactical-Growth VP
|
Transamerica Asset Management, Inc.
Pacific Investment Management Company LLC
|
Seeks a combination of capital appreciation and income.
|
Transamerica PIMCO Total Return VP
|
Transamerica Asset Management, Inc.
Pacific Investment Management Company LLC
|
Seeks maximum total return consistent with preservation of capital and prudent investment management.
|
*Transamerica QS Investors Active Asset Allocation – Conservative VP++
|
Transamerica Asset Management, Inc.
QS Investors, LLC
|
Seeks current income and preservation of capital.
|
*Transamerica QS Investors Active Asset Allocation – Moderate Growth VP++
|
Transamerica Asset Management, Inc.
QS Investors, LLC
|
Seeks capital appreciation with current income as a secondary objective.
|
*Transamerica QS Investors Active Asset Allocation – Moderate VP++
|
Transamerica Asset Management, Inc.
QS Investors, LLC
|
Seeks capital appreciation and current income.
|
Transamerica Small/Mid Cap Value VP
|
Transamerica Asset Management, Inc.
Systematic Financial Management L.P.; Thompson, Siegel & Walmsley, LLC
|
Seeks to maximize total return.
|
Transamerica T. Rowe Price Small Cap VP
|
Transamerica Asset Management, Inc.
T. Rowe Price Associates, Inc.
|
Seeks long-term growth of capital by investing primarily in common stocks of small growth companies.
|
Transamerica Torray Concentrated Growth VP
|
Transamerica Asset Management, Inc.
Torray LLC
|
Seeks to achieve long-term growth of capital.
|
Portfolio
|
Investment Adviser/Sub-Adviser
|
Investment Objective
|
Transamerica WMC US Growth VP
|
Transamerica Asset Management, Inc.
Wellington Management Company, LLP
|
Seeks to maximize long-term growth.
|
Fidelity Funds
|
||
Fidelity VIP Index 500 Portfolio
|
Fidelity Management & Research Company
FMR Co., Inc.; Geode Capital Management, LLC
|
Seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500® Index.
|
AllianceBernstein variable products series fund, inc.:
|
||
AB Balanced Wealth Strategy Portfolio
|
AllianceBernstein L.P.
|
Seeks to maximize total return consistent with the Adviser's determination of reasonable risk.
|
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST:
|
||
Franklin Founding Funds Allocation VIP Fund 6
|
See Footnote 7
|
Seeks capital appreciation with income as a secondary goal .
|
PROFUNDS:
|
||
ProFund VP Asia 30 8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the ProFunds Asia 30 Index.
|
ProFund VP Basic Materials8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Basic MaterialsSM Index.
|
ProFund VP Bull8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500® Index..
|
ProFund VP Consumer
Services8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Consumer ServicesSM Index.
|
ProFund VP Emerging Markets8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the BNY Mellon Emerging Markets 50 ADR® Index.
|
ProFund VP Europe 308
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the ProFunds Europe 30 Index.
|
ProFund VP Falling U.S. Dollar8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the basket of currencies included in the U.S. Dollar Index®.
|
Portfolio
|
Investment Adviser/Sub-Adviser
|
Investment Objective
|
|
ProFund VP Financials 8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. FinancialsSM Index.
|
|
ProFund VP Government Money Market 8,9
|
ProFund Advisors LLC
|
Seeks a high level of current income consistent with liquidity and preservation of capital.
|
|
ProFund VP International8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the MSCI EAFE Index. The fund determines its success in meeting this investment objective by comparing its daily return on a given day with the daily performance of MCSI EAFE futures contracts traded in the United States.
|
|
ProFund VP Japan8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Nikkei 225 Stock Average. The Fund seeks to provide a return consistent with an investment in the component equities in the Index hedged to U.S. dollars. The Fund seeks to provide a return
based solely on the local price return of the equity securities in the
Index, without any effect from currency movements in the yen versus the U.S. dollar. The Fund determines its success in meeting this
investment objective by comparing its daily return on a given day
with the daily performance of the dollar-denominated Nikkei 225
futures contracts traded in the United States.
|
|
ProFund VP Mid-Cap8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® Index.
|
|
ProFund VP NASDAQ-1008
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the NASDAQ-100® Index.
|
Portfolio
|
Investment Adviser/Sub-Adviser
|
Investment Objective
|
ProFund VP Oil & Gas8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Oil & GasSM Index.
|
ProFund VP Pharmaceuticals8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Pharmaceuticals SM Index.
|
ProFund VP Precious Metals8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones Precious Metals SM Index.
|
ProFund VP Short Emerging Markets8
|
ProFund Advisors LLC
|
Seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the BNY Mellon Emerging Markets 50 ADR Index. The fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
|
ProFund VP Short International8
|
ProFund Advisors LLC
|
Seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI EAFE Index (the "Index"). The fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The fund determines its success in meeting this investment objective by comparing its daily return on a given day with the inverse (-1x) of the daily performance of MSCI EAFE futures contracts traded in the United States.
|
ProFund VP Short NASDAQ-1008
|
ProFund Advisors LLC
|
Seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the NASDAQ-100® Index. The fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
|
Portfolio
|
Investment Adviser/Sub-Adviser
|
Investment Objective
|
ProFund VP Short Small-Cap 8
|
ProFund Advisors LLC
|
Seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Russell 2000® Index. The fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
|
ProFund VP Small- Cap8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Russell 2000® Index.
|
ProFund VP Small-Cap Value8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the S&P SmallCap 600® Value Index.
|
ProFund VP Telecommunications 8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. TelecommunicationsSM Index.
|
ProFund VP UltraNASDAQ-100 8
|
ProFund Advisors LLC
|
Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100® Index. The fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
|
ProFund VP UltraSmall-Cap8
|
ProFund Advisors LLC
|
Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Russell 2000® Index. The fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
|
ProFund VP U.S. Government Plus8
|
ProFund Advisors LLC
|
Seeks daily investment results, before fees and expenses, that correspond to one and one-quarter times (1.25x) the daily price movement of the most recently issued 30-year U.S. Treasury Bond. The fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
|
Portfolio
|
Investment Adviser/Sub-Adviser
|
Investment Objective
|
ProFund VP Utilities 8
|
ProFund Advisors LLC
|
Seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. UtilitiesSM Index.
|
ACCESS TRUST:
|
||
Access VP High Yield Fund 8,10
|
ProFund Advisors LLC
|
Seeks to provide investment results that generally correspond to the total return of the high yield market consistent with maintaining reasonable liquidity.
|
Services and benefits we provide under the Policy:
|
·
|
The death benefit, cash and loan benefits.
|
·
|
Investment options, including premium allocations.
|
|
·
|
Administration of elective options.
|
|
·
|
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.
|
|
·
|
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.
|
·
|
That the costs of providing the services and benefits under the Policies may exceed the charges we are allowed to deduct.
|
Each monthly deduction consists of:
|
·
|
The monthly Policy charge (for Policies applied for on or after May 1, 2009); plus
|
·
|
The monthly cost of insurance charge for the Policy (including any surcharge associated with flat or table substandard ratings); plus
|
|
·
|
The monthly charge for any benefits provided by riders attached to the Policy.
|
|
Monthly Policy Charge (for Policies Applied for On or After May 1, 2009):
|
||
·
|
This charge currently equals $7.00 each Policy month for Juveniles at issue ages 0-17 and $0 for issue ages 18 and over. After the first Policy year, we may increase this charge.
|
|
·
|
We guarantee this charge will never be more than $12 per month for juveniles at issue ages 0-17 and $0 for issue ages 18 and over.
|
|
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 1.0024663 (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 3.0%);
|
||
2.
|
Subtract the cash value on the Monthiversary after it has been allocated among the segments of specified amount in force in the following order: first, initial specified amount; then, each increase in specified amount starting with the oldest increase; then the next oldest, successively, until all cash value has been allocated (the resulting amounts are the net amount at risk for each segment of specified amount);
|
||
3.
|
Multiply each segment of net amount at risk provided under 2. (above) by the appropriate monthly cost of insurance rate for that segment; and add the results together.
|
||
For Policies applied for on or after May 1, 2009:
|
|||
·
|
Your monthly current cost of insurance rate depends, in part, on your specified amount band. The specified amount bands available are:
|
||
>
|
Band 1: $50,000 - $249,999
|
||
>
|
Band 2: $250,000 - $499,999
|
||
>
|
Band 3: $500,000 - $999,999
|
||
>
|
Band 4: $1,000,000 and over
|
||
·
|
Generally, the higher the specified amount band you choose, the lower the current cost of insurance rates.
|
||
·
|
We determine your specified amount band each Monthiversary by referring to the specified amount in force for the Base Policy (that is, the initial specified amount on the Policy date, plus any increases, and minus any decreases). Riders are not included in determining the Policy's specified amount band.
|
||
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 of 1.50%.
|
·
|
Your Policy's cash value in each subaccount; multiplied by
|
·
|
The daily pro rata portion of the annual mortality and expense risk charge rate of: 0.90% for Policy years 1-15; and 0.60% after the first 15 Policy years.
|
Incoming Payments to Transamerica Premier and TCI
|
|||
Fund
|
Maximum Fee
% of assets*
|
Fund
|
Maximum Fee
% of assets*
|
Transamerica Series Trust**
|
--
|
Fidelity Variable Insurance Products Funds
|
0.39%***
|
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 the Policy.
|
·
|
To change the specified amount of the 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 continued qualification of the Policy as a life insurance contract under the Internal Revenue Code or to meet applicable requirements of other 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 general account options.
|
|
Ø Band 1: $50,000 - $249,999
|
Ø Band 2: $250,000 - $499,999
|
|
Ø Band 3: $500,000 - $999,999
|
|
Ø Band 4: $1,000,000 and over
|
·
|
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 Conditional Receipt, conditional insurance under the terms of the Policy applied for may become effective as of the later of:
|
·
|
The date of application; or
|
||
·
|
The date of the last medical examination, test, and other screenings required by us, if any (the "Effective
|
|||
Date"). Such conditional insurance will take effect as of the Effective Date, as 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.
|
|||
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; or
|
||
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 that you 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:
|
||
1.
|
All blanks in the conditional receipt are completed.
|
|||
2.
|
The receipt is signed by an 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, Transamerica Premier's liability will be limited to returning any payment(s) you have made upon return of this receipt to us.
|
1.
|
The replaced policy has been surrendered and the surrender proceeds thereafter received by the Company are themselves sufficient to place the Policy in force; or
|
2.
|
If, in addition to the surrender of the replaced policy from the existing issuer, premium is paid during the proposed insured's lifetime (either with the application for the Policy or thereafter if permitted by the Company in writing) and if such premium together with any surrender proceeds thereafter received, are sufficient to place the Policy in force.
|
Transaction Type:
|
Priced when received at our:
|
Payment by Check
|
Mailing Address, unless a different address appears on your billing coupon
|
Transfer Request
|
Administrative Office
|
Payment by WireTtransfer
|
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.
|
·
|
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.
|
·
|
Unless otherwise required by state law, we may restrict allocations and transfers to the fixed account under Policies applied for on or after May 1, 2009 if the fixed account value (excluding amounts in the loan reserve account) following the allocation or transfer would exceed $250,000. (This restriction does not apply to any transfer to the fixed account necessary in the exercise of conversion rights.)
|
·
|
Your Policy may be limited to a cumulative transfer out of the fixed account each Policy year of the greatest of 25% of the amount in the fixed account, or the amount transferred out of the fixed account the previous Policy year. However, the transfer may not be greater than the unloaned portion of the fixed account on that date. See "Fixed Account Transfers."
|
·
|
Currently we do not, but reserve the right to, limit the amount of and the number of transfers out of the fixed account to one per Policy year. If we modify or stop our current practices, we will notify you at the time of your transfer.
|
·
|
For Policies applied for on or after May 1, 2009: Unless otherwise required by state law, we may restrict transfers to the fixed account, if the fixed account value, excluding amounts in the loan reserve, following the transfer would exceed $250,000. This restriction will not apply to any transfer to the fixed account necessary in the exercise of conversion rights.
|
·
|
You 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.premier.transamerica.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 that you submit 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.
|
1.
|
Dilution of the interests of long-term investors in a subaccount if purchases or transfers into or out of an underlying fund portfolio are made at prices that do not reflect an accurate value for the underlying fund portfolio's investments (some market timers attempt to do this through methods known as "time-zone arbitrage" and "liquidity arbitrage");
|
2.
|
An adverse effect on portfolio management, such as (a) impeding a portfolio manager's ability to sustain an investment objective; (b) causing the underlying fund portfolio to maintain a higher level of cash than would otherwise be the case; or (c) causing an underlying fund portfolio to liquidate investments prematurely (or otherwise at an inopportune time) in order to pay withdrawals or transfers out of the underlying fund portfolio; and
|
3.
|
Increased brokerage and administrative expenses.
|
·
|
impose redemption fees on transfers; or
|
·
|
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 telephone 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 order in writing.
|
If you do not want the ability to make telephone transfers, you should notify us in writing at our mailing address, or through our fax number (1-727-299-1620).
|
|
·
|
We will not be responsible for same day processing of transfers if the transfer order is 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.
|
To start dollar cost averaging:
|
·
|
You must submit to us, in good order, in writing to our mailing address (or by facsimile to our administrative office), a completed form signed by the owner, requesting dollar cost averaging.
|
·
|
You may be required to have at least $5,000 in each subaccount or the fixed account from which we will make transfers.
|
|
·
|
Your total transfers each month under dollar cost averaging may be limited to a minimum of $100.
|
|
·
|
Each month, you may not transfer more than one-tenth of the amount that was in your fixed account at the beginning of dollar cost averaging.
|
Dollar cost averaging will terminate if any of the following occur:
|
·
|
We receive, in good order, at our mailing address (or by facsimile or telephone at our administrative office) a request to discontinue participation from you or your authorized representative.
|
·
|
The value in the accounts from which we make the transfers is depleted.
|
|
·
|
You elect to participate in the asset rebalancing program.
|
|
·
|
You elect to participate in any asset allocation services provided by a third party.
|
To start asset rebalancing:
|
·
|
You must submit to us at our mailing address, (or by facsimile to our administrative office) a completed asset rebalancing request form, in good order, signed by the owner.
|
·
|
You may be required to have a minimum cash value of $5,000 or make a $5,000 initial premium payment.
|
Asset rebalancing will cease if:
|
·
|
You elect to participate in the dollar cost averaging program.
|
·
|
We receive, in good order, at our mailing address (or by facsimile or telephone to our administrative office) a request to discontinue participation from you, or your authorized representative.
|
|
·
|
You make any transfer to or from any subaccount other than under a scheduled rebalancing.
|
|
·
|
You elect to participate in any asset allocation services provided by a third party.
|
·
|
Limitations that we may impose on your authorized representative or investment advisor under the terms of the administrative agreement do not apply to financial transactions requested by owners on their own behalf, except as otherwise described in this prospectus. Any third party asset allocation service may be terminated at any time by the owner or by the third party service by sending written instruction to our mailing address.
|
·
|
The practices and procedures described above do not apply to any asset allocation portfolios that are available as investment options under the Policy.
|
Is determined on the Policy date and on each valuation date.
|
|
Equals the sum of all amounts invested in each subaccount and the fixed account, including any amounts held in the loan reserve account (part of the fixed account) to secure any outstanding Policy loan.
|
|
Serves as the starting point for calculating values under a Policy.
|
|
Varies from day to day, depending on the investment experience of the subaccounts you choose, the interest credited to the fixed account, the charges deducted and any other Policy transactions (such as additional premium payments, transfers, withdrawals and Policy loans).
|
|
Has no guaranteed minimum amount and may be more or less than premiums paid.
|
Net surrender value on any valuation date equals:
|
·
|
The cash value as of such date; minus
|
·
|
Any outstanding loan amount including any accrued Policy loan interest.
|
The number of units in any subaccount on any valuation date equals:
|
·
|
The initial units purchased at unit value on the Policy date, or reallocation date, if different; plus
|
·
|
Units purchased with additional net premium(s); plus
|
|
·
|
Units purchased due to a loan repayment; plus
|
|
·
|
Units purchased via transfers from another subaccount or the fixed account; minus
|
|
·
|
Units redeemed to pay for monthly deductions; minus
|
|
·
|
Units redeemed to pay for cash withdrawals; minus
|
|
·
|
Units redeemed.as part of a transfer to another subaccount or the fixed account (including the loan reserve account) minus
|
|
·
|
Units redeemed due to any refund of premiums allocated to the subaccount.
|
The unit value of any subaccount at the end of a valuation period is calculated as:
|
·
|
The total value of the portfolio shares held in the subaccount, including the value of any dividends or capital gains distribution declared and reinvested by the portfolio during the valuation period. This value is determined by multiplying the number of portfolio shares owned by the subaccount by the portfolio's net asset value per share determined at the end of the valuation period; minus
|
·
|
A charge equal to the daily net assets of the subaccount multiplied by the daily equivalent of the daily mortality and expense risk charge; minus
|
|
·
|
The accrued amount of reserve for any taxes or other economic burden resulting from applying tax laws that we determine to be properly attributable to the subaccount; and the result divided by
|
|
·
|
The number of outstanding units in the subaccount before the purchase or redemption of any units on that date.
|
The fixed account value at the end of any valuation period is equal to:
|
·
|
The sum of net premiums allocated to the fixed account; plus
|
·
|
Any amounts transferred from a subaccount to the fixed account (including amounts transferred to the loan reserve account); plus
|
|
·
|
Total interest credited to the fixed account; minus
|
|
·
|
Amounts charged to pay for monthly deductions; minus
|
|
·
|
Amounts withdrawn or surrendered from the fixed account to pay for cash withdrawals or other fees and charges; minus
|
|
·
|
Amounts transferred from the fixed account (including any amounts transferred from the loan reserve account) to a subaccount; minus
|
|
·
|
Any refund of premiums allocated to the fixed account.
|
The death benefit is equal to:
|
·
|
The amount determined based on the death benefit option that you select (described below); minus
|
·
|
Any monthly deductions due during the grace period (if applicable); minus
|
|
·
|
Any outstanding loan amount including accrued loan interest; plus
|
|
·
|
Any additional insurance in force provided by rider.
|
The death benefit equals the greatest of:
|
·
|
The specified amount; or
|
|
·
|
A specified percentage called the "limitation percentage," multiplied by
|
||
>
|
The cash value on the insured's date of death; or
|
||
·
|
The amount required for the Policy to qualify as a life insurance contract under Section 7702 of the Internal Revenue Code.
|
Attained Age
|
Limitation Percentage
|
40 and under
|
250%
|
41 to 45
|
250% minus 7% for each age over age 40
|
46 to 50
|
215% minus 6% for each age over age 45
|
51 to 55
|
185% minus 7% for each age over age 50
|
56 to 60
|
150% minus 4% for each age over age 55
|
61 to 65
|
130% minus 2% for each age over age 60
|
66 to 70
|
120% minus 1% for each age over age 65
|
71 to 75
|
115% minus 2% for each age over age 70
|
76 to 90
|
105%
|
91 to 95
|
105% minus 1% for each age over age 90
|
96 and older
|
100%
|
The death benefit equals the greatest of:
|
·
|
The specified amount plus the cash value on the insured's date of death; or
|
·
|
The limitation percentage, multiplied by the cash value on the insured's date of death; or
|
|
·
|
The amount required for the Policy to qualify as a life insurance contract under Section 7702 of the Internal Revenue Code.
|
The death benefit equals the greatest of:
|
1.
|
The death benefit under Option A; or
|
|
2.
|
The specified amount, multiplied by
|
||
>
|
an age-based "factor" equal to the lesser of
|
||
>
|
1.0 or
|
||
>
|
0.04 times (95 minus insured's attained age at death)
|
||
(the "factor" will never be less than zero);
|
|||
plus the cash value on the insured's date of death; or
|
|||
3.
|
The amount required for the Policy to qualify as a life insurance contract under Section 7702 of the Internal Revenue Code.
|
·
|
You must send your written request, in good order, to our mailing address or fax it to us at 1-727-299-1620. (If you send your request by fax, be sure to use the correct fax number. Please see "Telephone, Fax, and Online Privileges.")
|
·
|
The effective date of the change will be the Monthiversary on or following the date when we receive your request for a change.
|
·
|
You may not make a change that would decrease the specified amount below the minimum specified amount shown on your Policy schedule page.
|
·
|
There may be adverse federal tax consequences. You should consult a tax advisor before changing your Policy's death benefit option.
|
(a)
|
first, by the most recent increase;
|
(b)
|
followed by, the next most recent increases successively; and
|
(c)
|
followed by, the amount specified in the original application.
|
Conditions for and impact of
decreasing the specified amount:
|
·
|
You must send your written request, in good order, to our mailing address or fax it to us at 1-727-299-1620.
|
·
|
Decreases are only allowed after the third Policy year.
|
|
·
|
You may not increase and decrease your specified amount in the same Policy year.
|
|
·
|
You may not decrease your specified amount lower than the minimum specified amount under Band 1 shown on your Policy schedule page.
|
|
·
|
You may not decrease your specified amount if it would disqualify your Policy as life insurance under the Internal Revenue Code.
|
|
·
|
Until the Policy anniversary on or following the insured's 65th birthday, we may limit the amount of decrease to no more than 20% of the then specified amount.
|
|
·
|
A decrease in specified amount will take effect on the first Monthiversary on or next following the day we receive your written request, in good order, at our mailing address.
|
|
Conditions for and impact of
increasing the specified amount:
|
·
|
Your request, in good order, must be applied for through a supplemental application and must include evidence of insurability satisfactory to us.
|
·
|
Increases are allowed at any time.
|
|
·
|
A requested increase in specified amount requires our approval and will take effect on the Monthiversary on or after the day we approve your request.
|
|
·
|
We may require your increase in specified amount to be at least $50,000.
|
|
·
|
You may not decrease and increase your specified amount in the same Policy year.
|
Cash withdrawal conditions:
|
·
|
You must send your written cash withdrawal request with an original signature, in good order, to our mailing address (4333 Edgewood Road, N.E., Cedar Rapids, IA 52499). If your withdrawal request is less than $500,000, then you may fax it to us at 1-727-299-1620.
|
·
|
We may limit the number of withdrawals to one cash withdrawal per Policy year.
|
|
·
|
We may limit the amount you can withdraw to a minimum of $500 and the remaining net surrender value following a withdrawal may not be less than $500. During the first 10 Policy years, the amount of the withdrawal may be limited to no less than $500 and to no more than 10% of the net surrender value. After the 10th Policy year, the amount of a withdrawal may be limited to no less than $500 and to no more than the net surrender value, less $500.
|
|
·
|
You may not take a cash withdrawal if it will reduce the specified amount below the minimum specified amount set forth in the Policy.
|
|
·
|
You may specify the subaccount(s) and the fixed account from which to make the withdrawal. If you do not specify an account, we will take the withdrawal from each account in accordance with your current premium allocation instructions. If this is not possible, the withdrawal amount will be withdrawn pro-rata from all accounts.
|
|
·
|
We generally will pay a cash withdrawal request within seven days following the valuation date we receive the request, in good order, at our mailing address.
|
|
·
|
We will deduct a processing fee equal to $25 or 2% of the amount you withdraw, whichever is less. We deduct this amount from the withdrawal, and we pay you the balance.
|
·
|
A withdrawal from the Transamerica Government Money Market VP portfolio or the ProFund VP Government Money Market fund may be subject to a redemption fee.
|
|
·
|
You may not take a cash withdrawal that would disqualify your Policy as life insurance under the Internal Revenue Code.
|
|
·
|
A cash withdrawal may have tax consequences.
|
|
·
|
Your requests for a cash withdrawal that are received at our mailing address (or faxed to our administrative office per the above instructions) before the NYSE closes are priced using the subaccount unit value determined at the close of that regular business session of the NYSE (usually 4:00 p.m. Eastern Time). If we receive a written request at our mailing address (or a fax request at our administrative office) after the NYSE closes, or on a day the NYSE is closed for trading, we will process the withdrawal request using the subaccount unit value determined at the close of the next regular business session of the NYSE. Please Note: All cash withdrawal requests must be submitted in good order to avoid a delay in processing your request.
|
·
|
The difference between the premiums paid and the amounts allocated to any accounts under the Policy on the date the written request and Policy are received, in good order, at our mailing address (or a fax request and page 3 of the Policy are received at our administrative Office); plus
|
·
|
The total amounts of monthly deductions made and any other charges imposed on amounts allocated to the accounts; plus
|
·
|
The value of the amounts allocated to the accounts on the date we or our agent received the returned Policy.
|
·
|
On your application.
|
·
|
In writing any time before the end of the 30-day free look period.
|
·
|
All requests for disbursements (i.e., cash withdrawals and surrenders) of $500,000 or more.
|
·
|
Any disbursement request made on or within 10 days of our receipt of a request to change the address of record for an owner's Policy.
|
·
|
Any disbursement request when Transamerica Premier has been directed to send proceeds to a different address from the address of record for that owner's account. Please Note: This requirement will not apply to disbursement requests made in connection with exchanges of one annuity policy for another with the same owner in a "tax-free exchange" under Section 1035 of the Internal Revenue Code.
|
·
|
Any financial transaction where the owner's signature on a request submitted does not match the signature in our files.
|
·
|
National and state banks.
|
·
|
Savings banks and savings and loan associations.
|
·
|
Securities brokers and dealers.
|
·
|
Credit unions.
|
Policy loans are subject to certain conditions:
|
· We may require you to borrow at least $500.
|
· The maximum amount you may borrow is 90% of the cash value less any outstanding Policy loan, including accrued interest.
|
No lapse date:
|
·
|
For issue ages 0‑60, the no lapse date is the lesser of the number of years to attained age 65 or the 20th Policy anniversary.
|
·
|
For issue ages 61‑85, the no lapse date is the fifth Policy anniversary.
|
|
·
|
The no lapse date is specified in your Policy.
|
|
Keeping the no lapse guarantee in effect:
|
·
|
The no lapse guarantee will not remain in effect if you do not pay sufficient minimum monthly guarantee premiums.
|
|
·
|
You must pay total premiums (minus cash withdrawals, any outstanding loan amount, including accrued loan interest) that equal at least:
|
||
>
|
the sum of the minimum monthly guarantee premiums in effect for each month from the Policy date up to and including the current month.
|
||
Effect of Policy changes on minimum monthly guarantee premium:
|
·
|
We will recalculate the amount of the minimum monthly guarantee premium if, while the no lapse guarantee is in effect, you change death benefit options, increase or decrease the specified amount, or add, terminate, increase or decrease a rider.
|
|
·
|
Depending upon the change made to the Policy or rider and the resulting impact on the level of the minimum monthly guaranteed premium, you may need to pay additional premiums to keep the Policy in force and/or to keep the no lapse guarantee in effect. We normally will not extend the length of the no lapse period.
|
·
|
Submit a written application for reinstatement to our mailing address or you may fax your request to our administrative office at 1-727-299-1620. (If you send your request by fax, be sure to use the correct fax number.)
|
·
|
Submit the insured's written consent to reinstate.
|
·
|
Provide evidence of insurability satisfactory to us that the insured continues to qualify for the same underwriting class and any substandard rating upon which we based issuance of the Policy.
|
Ø
|
If the no lapse guarantee has expired, pay an amount sufficient to provide a net premium equal to any uncollected monthly deductions due up to the time of termination, plus two monthly deductions due in advance at the time of reinstatement, plus an amount sufficient to increase the cash value to a positive amount at the time of reinstatement.
|
Ø
|
If the no lapse guarantee has not expired, pay the lesser of the premium described directly above, or the total minimum monthly guarantee premium from the Policy date through the month of lapse, plus two months of minimum monthly guarantee premiums, minus premiums previously paid net of any withdrawals, outstanding loans and accrued loan interest that has been deducted from the cash value.
|
·
|
All distributions other than death benefits from a MEC, including distributions upon surrender and cash withdrawals, will be treated first as distributions of gain taxable as ordinary income. They will be treated as tax-free recovery of the owner's investment in the Policy only after all gain has been distributed. Your investment in the Policy is generally your total premium payments. When a distribution is taken from the Policy, your investment in the Policy is reduced by the amount of the distribution that is tax-free.
|
·
|
Loans taken from or secured by assignment or pledges of such a Policy and increases in cash value secured by such loan or pledge are treated as distributions and taxed accordingly. If the Policy is part of a collateral assignment split dollar arrangement, the initial assignment as well as increases in cash value during the assignment may be treated as distributions and considered taxable.
|
·
|
A 10% additional federal income tax is imposed on the amount included in income except where the distribution or loan is made when you have reached age 59½ or are disabled, or where the distribution is part of a series of substantially equal periodic payments for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and the beneficiary.
|
·
|
If a Policy becomes a MEC, distributions that occur during the Policy year will be taxed as distributions from a MEC. In addition, the IRS has the authority, but has not yet done so, to issue regulations providing that distributions from a Policy that are made within two years before the Policy becomes a MEC will also be taxed in this manner.
|
·
|
Foreign Account Tax Compliance Act ("FATCA"). The discussion above provides general information regarding U.S. federal income tax consequences to life and annuity purchasers that are U.S. citizens or residents. Purchasers that are not U.S. citizens or residents will generally be subject to U.S. federal withholding tax on taxable distributions from life policies and annuity contracts at a 30% rate, unless a lower treaty rate applies. In addition, such purchasers may be subject to state and/or municipal taxes and taxes that may be imposed by the purchaser's country of citizenship or residence. FATCA imposed additional reporting and documentation requirements where non-U.S. entities (including foreign corporations, partnerships, and trusts) purchase policies to identify U.S. persons who are beneficial owners of the policies. Additional withholding of U.S. tax may be imposed if such documentation is not provided. In furtherance of FATCA implementation, the U.S. has entered into Inter-Government Agreements ("IGA's") with various foreign governments that require an exchange of information between U.S. financial institutions, including Transamerica Premier and the foreign governments regarding purchases of life insurance and annuities by their respective citizens. Prospective purchasers are advised to consult with a qualified tax adviser regarding U.S., state, and foreign taxation with respect to a life insurance policy or an annuity contract purchase.
|
·
|
In 2001, Congress enacted the Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA"), which modified the estate, gift and generation-skipping transfer taxes through 2009 and eliminated the estate tax (but not the gift tax) and replaced it with a carryover basis income tax regime for estates of decedents dying in 2010, and also eliminated the generation-skipping transfer tax for transfers made in 2010. The 2010 Taxpayer Relief Act generally extended the EGTRRA provisions existing in 2009 and reunified the estate and gift transfer taxes for 2011 and 2012. The American Taxpayer Relief Act of 2012 made permanent certain of the changes to the estate, gift and generation-skipping transfer taxes. This recent history of changes in these important tax provisions underscores the importance of seeking guidance from a qualified advisor to help ensure that your estate plan adequately addresses possible transfer taxation of the Policy and its benefits in light of your needs and those of your beneficiaries under all possible scenarios.
|
·
|
The amount of the surrender on the surrender date or death benefit proceeds on the insured's date of death.
|
·
|
The interest rate we credit on those amounts (we guarantee a minimum annual interest rate of 3.0%).
|
·
|
The mortality tables we use.
|
·
|
The specific payment option(s) you choose.
|
Option 1--Equal Monthly
Installments for a Fixed Period
|
·
|
We will pay the proceeds, plus interest, in equal monthly
installments for a fixed period of your choice, but not longer than 240 months.
|
|
·
|
We will stop making payments once we have made all the payments for the period selected.
|
||
Option 2--Equal Monthly Installments for Life (Life Income)
|
At your or the beneficiary's direction, we will make equal
monthly installments:
|
||
·
|
Only for the life of the payee, at the end of which payments will end; or
|
||
·
|
For the longer of the payee's life, or for 10 years if the payee dies before the end of the first 10 years of payments; or
|
||
·
|
For the longer of the payee's life, or until the total amount of all payments we have made equals the proceeds that were applied to the settlement option.
|
||
Option 3--Equal Monthly Installments for the Life of the Payee and then to a Designated Survivor (Joint and Survivor)
|
·
|
We will make equal monthly payments during the joint lifetime of two persons, first to a chosen payee, and then to a co-payee, if living, upon the death of the payee.
|
|
·
|
Payments to the co-payee, if living, upon the payee's death will equal either:
|
||
>
|
The full amount paid to the payee before the payee's death; or
|
||
>
|
Two-thirds of the amount paid to the payee before the payee's death.
|
||
·
|
All payments will cease upon the death of the co-payee.
|
1.
|
If you had previously selected death benefit Option B or C, we will change the death benefit to Option A. On each valuation date, we will adjust the specified amount to equal the cash value, and the limitation percentage will be 100%. We will not permit you to make additional premium payments unless it is required to prevent the Policy from lapsing. We will waive all future monthly deductions; or
|
2.
|
We will automatically extend the maturity date until the next Policy anniversary. You must submit a written request to our mailing address, between 90 and 180 days before each subsequent Policy anniversary, stating that you wish to extend the maturity date for another Policy year. All benefits and charges will continue as set forth in your Policy. We will charge the then current cost of insurance rates.
|
·
|
The NYSE is closed, other than customary weekend and holiday closings, or trading on the NYSE is restricted.
|
·
|
The SEC permits, by an order, the postponement for the protection of policyowners.
|
·
|
An emergency exists that would make the disposal of securities held in the separate account or the determination of their value not reasonably practicable.
|
·
|
The date the Policy matures;
|
·
|
The date the Policy lapses;
|
·
|
The date we receive, in good order, your written request to surrender or terminate; or
|
·
|
The date of the insured's death.
|
Conditions to convert the rider:
|
·
|
Your request, in good order, must be in writing and sent to our mailing address.
|
·
|
The Other Insured has not reached his/her 70th birthday (for Policies applied for on or after May 1, 2009), or 86th birthday (for Policies issued before January 1, 2009);
|
|
·
|
The new policy is any permanent insurance policy that we currently offer for conversion.
|
|
·
|
Subject to the minimum specified amount required for the new policy, the amount of the insurance under the new policy will equal the face amount in force under the rider as long as it meets the minimum specified amount requirements of the original Policy.
|
|
·
|
We will base your premium on the Other Insured's rate class under the rider.
|
|
Termination of the rider:
|
The rider will terminate on the earliest of:
|
|
·
|
The maturity date of the Policy; or
|
|
·
|
The Policy anniversary nearest to the Other Insured 's 100th birthday; or
|
|
·
|
The date the Policy terminates for any reason except for death of the primary insured; or
|
|
·
|
31 days after the death of the primary insured;
the date of conversion of this rider; or
|
|
·
|
The Monthiversary when the rider terminates upon the owner's written request.
|
·
|
The death is caused by external, violent, and accidental means.
|
·
|
The death occurs within 90 days of the accident.
|
·
|
The death occurs while the rider is in force.
|
·
|
The Policy anniversary nearest the primary insured's 70th birthday; or
|
·
|
The date the Policy terminates; or
|
·
|
The Monthiversary when this rider is terminated upon the owner's written request.
|
·
|
The primary insured is totally disabled.
|
·
|
The rider was in force when the primary insured became disabled.
|
·
|
The primary insured became disabled before the Policy anniversary nearest the insured's 60th birthday.
|
·
|
The primary insured is continuously disabled for at least six months.
|
·
|
The death benefit on the date we pay the single-sum benefit; multiplied by
|
·
|
The election percentage of the death benefit you elect to receive ("election percentage"); divided by
|
·
|
1 + i ("i" equals the current yield on 90-day Treasury bills or the Policy loan interest rate (currently, 3.75%), whichever is greater) ("discount factor"); minus
|
·
|
Any indebtedness at the time we pay the single-sum benefit, multiplied by the election percentage.
|
·
|
The death benefit available under the Policy once we receive satisfactory proof that the insured is ill; plus
|
·
|
The benefit available under any PIR or PIR Plus in force.
|
·
|
The date the Policy terminates.
|
·
|
The date a settlement option takes effect.
|
·
|
The date we pay a single‑sum benefit.
|
·
|
The date you terminate the rider.
|
accounts
|
The options to which you can allocate your money. The accounts include the fixed account and the subaccounts in the separate account.
|
administrative office
|
Our administrative office address is 570 Carillon Parkway, St. Petersburg, Florida, 33716-1294. Our phone number is 1-800-851-9777; our facsimile numbers are 1-727-299-1648 (for subaccount transfers only); and 1-727-299-1620 (for all other requests). Our administrative office serves as the recipient of all website (www.premier.transamerica.com), telephonic and facsimile transactions, including, but not limited to transfer requests and premium payments made by wire transfer and through electronic credit and debit transactions (e.g., payments through direct deposit, debit transfers, and forms of e-commerce payments). Our hours are Monday – Friday from 8:30 a.m. – 7:00 p.m. Eastern Time. Please do not send any checks, claims, correspondence or notices to this office; send them to the mailing address.
|
attained age
|
The issue age of the person insured, plus the number of completed years since the Policy date (for the initial specified amount) or the date of each increase in specified amount.
|
Base Policy
|
The Transamerica® Associate Freedom Elite Builder variable life insurance policy without any supplemental riders.
|
beneficiary(ies)
|
The person or persons you select to receive the death benefit from the Policy. You name the primary beneficiary and contingent beneficiaries.
|
cash value
|
The sum of your Policy's value in the subaccounts and the fixed account. If there is a Policy loan outstanding, then the cash value includes any amounts held in our fixed account to secure the Policy loan.
|
death benefit proceeds
|
The amount we will pay to the beneficiary(ies) on the insured's death. The death benefit proceeds are reduced by any outstanding loan amount, including accrued interest, and, if the insured dies during the grace period, any charges that are due and unpaid.
|
face amount
|
The dollar amount of coverage as stated in any rider that you may add to your Policy.
|
fixed account
|
An option to which you may allocate net premiums and cash value. We guarantee that any amounts you allocate to the fixed account will earn interest at a declared rate. The fixed account is part of our general account. The fixed account is not available to you if your Policy was issued in the State of New Jersey before May 1, 2009.
|
free look period
|
The period during which you may return the Policy and receive a refund as described in this prospectus. The length of the free look period varies by state. The free look period is listed in the Policy.
|
funds
|
Investment companies which are registered with the U.S. Securities and Exchange Commission. The Policy allows you to invest in the portfolios of the funds through our subaccounts. We reserve the right to add other registered investment companies to the Policy in the future.
|
good order
|
An instruction that is received by the Company that is sufficiently complete and clear, along with all forms, information and supporting legal documentation (including any required spousal or joint owner's consents) so that the Company does not need to exercise any discretion to follow such instruction. All orders to process a withdrawal request, a loan request, a request to surrender your Policy, a fund transfer request, or a death benefit claim must be in good order.
|
indebtedness
|
Outstanding loan payments plus accrued interest at the time your Policy lapsed.
|
in force
|
While coverage under the Policy is active and the insured's life remains insured.
|
initial premium
|
The amount you must pay before insurance coverage begins under the Policy. The initial premium is shown on the schedule page of your Policy.
|
insured
|
The person whose life is insured by the Policy.
|
issue age
|
The insured's age on his or her birthday nearest to the Policy date. When you increase the Policy's specified amount of insurance coverage, the issue age for the new segment of specified amount coverage is the insured's age on his or her birthday nearest the date that the increase in specified amount takes effect. This age may be different from the attained age on other segments of specified amount coverage.
|
lapse
|
When life insurance coverage ends because you do not have enough cash value in the Policy to pay the monthly deductions and any outstanding loan amount, including accrued loan interest, and you have not made a sufficient payment by the end of a grace period.
|
loan reserve account
|
A part of the fixed account to which amounts are transferred as collateral for Policy loans.
|
mailing address
|
Our mailing address is 4333 Edgewood Road, N.E., Cedar Rapids, Iowa, 52499-0001. All premium payments and loan repayments made by check, and all claims, correspondence and notices must be sent to this address.
|
maturity date
|
The Policy anniversary nearest the insured's 100th birthday if the insured is living and the Policy is still in force. It is the date when life insurance coverage under this Policy ends. You may continue coverage, at your option, under the Policy's extended maturity date benefit provision.
|
maximum fixed account value
|
For Policies applied for on or After May 1, 2009 : The maximum amount that may be allocated to the fixed account at any time without prior approval is the amount that would cause the fixed account to be $250,000, exclusive of loan reserve requirements. (This restriction does not apply to transfers to the fixed account necessary in the exercise of conversion rights).
|
minimum monthly guarantee premium
|
The amount shown on the Policy schedule page that we use during the no lapse period to determine whether a grace period will begin. We will adjust the minimum monthly guarantee premium if you change death benefit options, increase or decrease the specified amount, or add, terminate, increase or decrease a rider, and you may need to pay additional premiums in order to keep the no lapse guarantee in place. A grace period will begin whenever your net surrender value is not enough to meet monthly deductions and the no lapse period guarantee is no longer in effect.
|
Monthiversary
|
This is the day of each month when we determine Policy charges and deduct them from cash value. It is the same date each month as the Policy date. If there is no valuation date in the calendar month that coincides with the Policy date, the Monthiversary is the next valuation date.
|
monthly deductions
|
The monthly Policy charge, plus the monthly cost of insurance, plus the monthly charge for any riders added to the Policy.
|
mortality and expense risk charge
|
This charge is a daily deduction from each subaccount that is taken before determining the unit value of that subaccount.
|
net premium
|
The part of your premium that we allocate to the fixed account or the subaccounts. The net premium is equal to the premium you paid minus the premium expense charge and the premium collection charge.
|
net surrender value
|
The amount we will pay you if you surrender the Policy while it is in force. The net surrender value on the date you surrender is equal to: the cash value, minus any outstanding loan amount and accrued loan interest.
|
no lapse date
|
The no lapse date is defined as follows: For issue ages 0‑60, the no lapse date is the anniversary on which the insured's attained age is 65 or the 20th Policy anniversary, whichever is earlier. For issue ages 61‑85, the no lapse date is the fifth Policy anniversary. The no lapse date is specified in your Policy.
|
no lapse period
|
The period of time between the Policy date and the no lapse date during which the Policy will not lapse as long as certain conditions are met.
|
NYSE
|
The New York Stock Exchange.
|
planned periodic premium
|
A premium payment you make in a level amount at a fixed interval over a specified period of time.
|
Policy date
|
The date, generally, when our underwriting process is complete and full life insurance coverage goes into effect, the initial premium payment has been received, and we begin to make the monthly deductions. The Policy date is shown on the schedule page of your Policy. If you request, we may backdate a Policy by assigning a Policy date earlier than the date coverage goes into effect. We measure Policy months, years, and anniversaries from the Policy date.
|
portfolio
|
One of the separate investment portfolios of a fund.
|
premium expense charge
|
The charge that is deducted from each premium payment before determining the net premium that will be credited to the cash value.
|
premiums
|
All payments you make under the Policy other than loan repayments.
|
reallocation account
|
That portion of the fixed account where we hold the net premium(s) from the record date until the reallocation date.
|
reallocation date
|
The date we reallocate all cash value held in the reallocation account to the fixed account and/or subaccounts you selected on your application. We place your net premium in the reallocation account (or as mandated by state law) only if your state requires us to return the full premium in the event you exercise your free look right. In those states, we set the reallocation date to coincide with the free look period that is applicable to your Policy plus a margin of five days for Policy delivery. In all other states, the reallocation date is the later of the Policy date or the record date.
|
record date
|
The date we record your Policy on our books and your Policy is issued. The record date is generally the Policy date, unless the Policy is backdated.
|
separate account
|
The WRL Series Life Account. It is a separate investment account that is divided into subaccounts. We established the separate account to receive and invest net premiums under the Policy and other variable life insurance policies we issue.
|
specified amount
(may be referred to as "face amount" in riders)
|
The minimum death benefit we will pay under the Policy provided the Policy is in force. The initial specified amount of life insurance that you have selected is shown on the Policy's schedule page that you receive when the Policy is issued. The specified amount in force is the initial specified amount, adjusted for any increases or decreases in the Policy's specified amount. Other events such as a request to increase or decrease the specified amount, change in death benefit option or a cash withdrawal (if you choose Option A death benefit) may also affect the specified amount in force.
|
subaccount
|
A subdivision of the separate account that invests exclusively in shares of one investment portfolio of a fund.
|
termination
|
When the insured's life is no longer insured under the Policy or any rider, and neither the Policy (nor any rider) is in force.
|
valuation date
|
Each day the New York Stock Exchange is open for normal trading. Transamerica Premier is open for business whenever the New York Stock Exchange is open. Please Note: Any day that Transamerica Premier is open for business, but the New York Stock Exchange is not open for normal trading, is not considered a valuation date.
|
valuation period
|
The period of time over which we determine the change in the value of the subaccounts. Each valuation period begins at the close of normal trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time on each valuation date) and ends at the close of normal trading of the New York Stock Exchange on the next valuation date.
|
we, us, our, the Company (Transamerica Premier; TPLIC)
|
Transamerica Premier Life Insurance Company.
|
written notice
|
The written notice you must sign and send us to request or exercise your rights as owner under the Policy. To be complete and in good order, it must: (1) be in a form we accept, (2) contain the information and documentation that we determine we need to take the action you request, and (3) be received at our mailing address.
|
you, your (owner or policyowner)
|
The person entitled to exercise all rights as owner under the Policy.
|
DEATH BENEFIT
Assuming Hypothetical Gross and Net Annual Investment Return of
|
CASH VALUE
Assuming Hypothetical Gross and Net Annual Investment Return of
|
|||||
End of Policy Year
|
0% (Gross)
-1.19% (Net)
|
6% (Gross)
4.81% (Net)
|
10% (Gross)
8.81% (Net)
|
0% (Gross)
-1.19% (Net)
|
6% (Gross)
4.81% (Net)
|
10% (Gross)
8.81% (Net)
|
1
|
400,000
|
400,000
|
400,000
|
2,844
|
3,024
|
3,144
|
2
|
400,000
|
400,000
|
400,000
|
5,607
|
6,144
|
6,515
|
3
|
400,000
|
400,000
|
400,000
|
8,254
|
9,325
|
10,089
|
4
|
400,000
|
400,000
|
400,000
|
10,796
|
12,576
|
13,887
|
5
|
400,000
|
400,000
|
400,000
|
13,234
|
15,899
|
17,928
|
6
|
400,000
|
400,000
|
400,000
|
15,572
|
19,298
|
22,230
|
7
|
400,000
|
400,000
|
400,000
|
17,807
|
22,769
|
26,808
|
8
|
400,000
|
400,000
|
400,000
|
19,939
|
26,313
|
31,678
|
9
|
400,000
|
400,000
|
400,000
|
21,959
|
29,920
|
36,853
|
10
|
400,000
|
400,000
|
400,000
|
23,862
|
33,586
|
42,347
|
15
|
400,000
|
400,000
|
400,000
|
31,675
|
52,849
|
75,535
|
20
|
400,000
|
400,000
|
400,000
|
37,518
|
76,578
|
126,665
|
25
|
400,000
|
400,000
|
400,000
|
38,097
|
101,825
|
200,911
|
30 (Age 65)
|
400,000
|
400,000
|
400,000
|
30,945
|
127,478
|
312,530
|
35 (Age 70)
|
400,000
|
400,000
|
561,036
|
16,785
|
155,343
|
483,652
|
40 (Age 75)
|
*
|
400,000
|
792,225
|
*
|
188,064
|
740,397
|
45 (Age 80)
|
*
|
400,000
|
1,183,200
|
*
|
224,523
|
1,126,858
|
50 (Age 85)
|
*
|
400,000
|
1,785,244
|
*
|
266,329
|
1,700,233
|
55 (Age 90)
|
*
|
400,000
|
2,671,752
|
*
|
317,375
|
2,544,526
|
60 (Age 95)
|
*
|
400,000
|
3,848,933
|
*
|
395,062
|
3,810,825
|
65 (Age 100)
|
*
|
510,297
|
5,752,775
|
*
|
510,297
|
5,752,775
|
NET SURRENDER VALUE
Assuming Hypothetical Gross and Net Annual Investment Return of
|
|||||||
End of Policy Year
|
0% (Gross)
-1.19% (Net)
|
6% (Gross)
4.81% (Net)
|
10% (Gross)
8.81% (Net)
|
End of Policy Year
|
0% (Gross)
-1.19% (Net)
|
6% (Gross)
4.81% (Net)
|
10% (Gross)
8.81% (Net)
|
1
|
2,844
|
3,024
|
3,144
|
20
|
37,518
|
76,578
|
126,665
|
2
|
5,607
|
6,144
|
6,515
|
25
|
38,097
|
101,825
|
200,911
|
3
|
8,254
|
9,325
|
10,089
|
30 (Age 65)
|
30,945
|
127,478
|
312,530
|
4
|
10,796
|
12,576
|
13,887
|
35 (Age 70)
|
16,785
|
155,343
|
483,652
|
5
|
13,234
|
15,899
|
17,928
|
40 (Age 75)
|
*
|
188,064
|
740,397
|
6
|
15,572
|
19,298
|
22,230
|
45 (Age 80)
|
*
|
224,523
|
1,126,858
|
7
|
17,807
|
22,769
|
26,808
|
50 (Age 85)
|
*
|
266,329
|
1,700,233
|
8
|
19,939
|
26,313
|
31,678
|
55 (Age 90)
|
*
|
317,375
|
2,544,526
|
9
|
21,959
|
29,920
|
36,853
|
60 (Age 95)
|
*
|
395,062
|
3,810,825
|
10
|
23,862
|
33,586
|
42,347
|
65 (Age 100)
|
*
|
510,297
|
5,752,775
|
15
|
31,675
|
52,849
|
75,535
|
|
|
|
|
* In the absence of an additional payment, the Policy would lapse.
|
DEATH BENEFIT
Assuming Hypothetical Gross and Net Annual Investment Return of
|
CASH VALUE
Assuming Hypothetical Gross and Net Annual Investment Return of
|
|||||
End of Policy Year
|
0% (Gross)
-1.19% (Net)
|
6% (Gross)
4.81% (Net)
|
10% (Gross)
8.81% (Net)
|
0% (Gross)
-1.19% (Net)
|
6% (Gross)
4.81% (Net)
|
10% (Gross)
8.81% (Net)
|
1
|
400,000
|
400,000
|
400,000
|
2,595
|
2,767
|
2,882
|
2
|
400,000
|
400,000
|
400,000
|
5,100
|
5,605
|
5,954
|
3
|
400,000
|
400,000
|
400,000
|
7,521
|
8,521
|
9,234
|
4
|
400,000
|
400,000
|
400,000
|
9,845
|
11,501
|
12,722
|
5
|
400,000
|
400,000
|
400,000
|
12,079
|
14,552
|
16,438
|
6
|
400,000
|
400,000
|
400,000
|
14,221
|
17,674
|
20,395
|
7
|
400,000
|
400,000
|
400,000
|
16,264
|
20,858
|
24,601
|
8
|
400,000
|
400,000
|
400,000
|
18,199
|
24,094
|
29,064
|
9
|
400,000
|
400,000
|
400,000
|
20,022
|
27,380
|
33,797
|
10
|
400,000
|
400,000
|
400,000
|
21,725
|
30,705
|
38,810
|
15
|
400,000
|
400,000
|
400,000
|
28,496
|
47,960
|
68,884
|
20
|
400,000
|
400,000
|
400,000
|
32,261
|
66,187
|
109,929
|
25
|
400,000
|
400,000
|
400,000
|
30,803
|
83,185
|
165,169
|
30 (Age 65)
|
400,000
|
400,000
|
400,000
|
21,531
|
96,337
|
241,238
|
35 (Age 70)
|
*
|
400,000
|
407,016
|
*
|
100,444
|
350,876
|
40 (Age 75)
|
*
|
400,000
|
546,516
|
*
|
86,690
|
510,763
|
45 (Age 80)
|
*
|
400,000
|
774,292
|
*
|
29,278
|
737,421
|
50 (Age 85)
|
*
|
*
|
1,099,845
|
*
|
*
|
1,047,471
|
55 (Age 90)
|
*
|
*
|
1,533,499
|
*
|
*
|
1,460,475
|
60 (Age 95)
|
*
|
*
|
2,060,026
|
*
|
*
|
2,039,630
|
65 (Age 100)
|
*
|
*
|
2,921,641
|
*
|
*
|
2,921,641
|
NET SURRENDER VALUE
Assuming Hypothetical Gross and Net Annual Investment Return of
|
|||||||
End of Policy Year
|
0% (Gross)
-1.19% (Net)
|
6% (Gross)
4.81% (Net)
|
10% (Gross)
8.81% (Net)
|
End of Policy Year
|
0% (Gross)
-1.19% (Net)
|
6% (Gross)
4.81% (Net)
|
10% (Gross)
8.81% (Net)
|
1
|
2,595
|
2,767
|
2,882
|
20
|
32,261
|
66,187
|
109,929
|
2
|
5,100
|
5,605
|
5,954
|
25
|
30,803
|
83,185
|
165,169
|
3
|
7,521
|
8,521
|
9,234
|
30 (Age 65)
|
21,531
|
96,337
|
241,238
|
4
|
9,845
|
11,501
|
12,722
|
35 (Age 70)
|
*
|
100,444
|
350,876
|
5
|
12,079
|
14,552
|
16,438
|
40 (Age 75)
|
*
|
86,690
|
510,763
|
6
|
14,221
|
17,674
|
20,395
|
45 (Age 80)
|
*
|
29,278
|
737,421
|
7
|
16,264
|
20,858
|
24,601
|
50 (Age 85)
|
*
|
*
|
1,047,471
|
8
|
18,199
|
24,094
|
29,064
|
55 (Age 90)
|
*
|
*
|
1,460,475
|
9
|
20,022
|
27,380
|
33,797
|
60 (Age 95)
|
*
|
*
|
2,039,630
|
10
|
21,725
|
30,705
|
38,810
|
65 (Age 100)
|
*
|
*
|
2,921,641
|
15
|
28,496
|
47,960
|
68,884
|
Transaction Type
|
Direct or Send to
|
Telephonic Transaction
|
1-727- 299-1800 or 1-800-851-9777 (toll free)
|
Facsimile Transaction
|
1-727-299-1648 (subaccount transfers only)
1-727-299-1620 (all other facsimile transactions)
|
Electronic Transaction
|
www.premier.transamerica.com
|
All payments made by check, and all claims, correspondence and notices
|
Mailing Address: 4333 Edgewood Road N.E.
Cedar Rapids, IA 52499-0001
|
1
|
|
1
|
|
2
|
|
2
|
|
2
|
|
2
|
|
2
|
|
3
|
|
3
|
|
3
|
|
3
|
|
3
|
|
Distribution of the Policies
|
4
|
4
|
|
4
|
|
4
|
|
5
|
|
5
|
|
5
|
|
5
|
|
WRL Series Life Account Financials
|
S-1
|
Transamerica Premier Audited Financials
|
G-1
|
Changing the Owner
|
·
|
Change the owner by providing written notice to us in good order, at our mailing address at any time while the insured is alive and the Policy is in force.
|
·
|
Change is effective as of the date that the written notice is accepted by us at our mailing address.
|
|
·
|
Changing the owner does not automatically change the beneficiary.
|
|
·
|
Changing the owner may have tax consequences. You should consult a tax advisor before changing the owner.
|
|
·
|
We are not liable for payments we made before we received the written notice at our mailing address.
|
Choosing the Beneficiary
|
·
|
The owner designates the beneficiary (the person to receive the death benefit when the insured dies) in the application.
|
·
|
If the owner designates more than one beneficiary, then each beneficiary shares equally in any death benefit proceeds unless the beneficiary designation states otherwise.
|
|
·
|
If the beneficiary dies before the insured, then any contingent beneficiary becomes the beneficiary.
|
|
·
|
If both the beneficiary and contingent beneficiary die before the insured, then the death benefit will be paid to the owner or the owner's estate upon the insured's death.
|
Changing the Beneficiary
|
·
|
The owner changes the beneficiary by providing written notice to us in good order, at our mailing address.
|
·
|
Change is effective as of the date the owner signs the written notice.
|
|
·
|
We are not liable for any payments we made before we received the written notice at our mailing address.
|
Assigning the Policy
|
·
|
The owner may assign Policy rights while the insured is alive.
|
|
·
|
The owner retains any ownership rights that are not assigned.
|
||
·
|
Assignee may not change the owner or the beneficiary, and may not elect or change an optional method of payment. Any amount payable to the assignee will be paid in a lump sum.
|
||
·
|
Claims under any assignment are subject to proof of interest and the extent of the assignment.
|
||
·
|
We are not:
|
||
>
|
bound by any assignment unless we receive a written notice of the assignment at our mailing address;
|
||
>
|
responsible for the validity of any assignment;
|
||
>
|
liable for any payment we made before we received written notice of the assignment at our mailing address; or
|
||
|
>
|
bound by any assignment which results in adverse tax consequences to the owner, insured(s) or beneficiary(ies).
|
|
·
|
Assigning the Policy may have tax consequences. You should consult a tax advisor before assigning the Policy.
|
>
|
the current cash value
|
>
|
any activity since the last report
|
>
|
the current net surrender value
|
>
|
projected values
|
>
|
the current death benefit
|
>
|
investment experience of each subaccount
|
>
|
outstanding loans
|
>
|
any other information required by law
|
·
|
ultimate select (preferred) non‑tobacco use;
|
·
|
select (non‑preferred) non‑tobacco use;
|
·
|
ultimate standard (preferred) tobacco use;
|
·
|
standard (non‑preferred) tobacco use; and
|
·
|
juvenile‑under 18.
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Financial Statements
|
Years Ended December 31, 2016 and 2015
|
Contents
|
Report of Independent Registered Public Accounting Firm.................................................S-1
|
AB Balanced Wealth Strategy Class B Shares
|
TA Aegon Government Money Market Initial Class
|
Access VP High Yield
|
TA Aegon High Yield Bond Initial Class
|
Fidelity® VIP Contrafund® Service Class 2
|
TA Aegon U.S. Government Securities Initial Class
|
Fidelity® VIP Equity-Income Service Class 2
|
TA Asset Allocation - Conservative Initial Class
|
Fidelity® VIP Growth Opportunities Service Class 2
|
TA Asset Allocation - Growth Initial Class
|
Fidelity® VIP Index 500 Service Class 2
|
TA Asset Allocation - Moderate Initial Class
|
Franklin Founding Funds Allocation Class 4 Shares
|
TA Asset Allocation - Moderate Growth Initial Class
|
ProFund VP Asia 30
|
TA Barrow Hanley Dividend Focused Initial Class
|
ProFund VP Basic Materials
|
TA BlackRock Global Allocation Initial Class
|
ProFund VP Bull
|
TA BlackRock Tactical Allocation Initial Class
|
ProFund VP Consumer Services
|
TA Clarion Global Real Estate Securities Initial Class
|
ProFund VP Emerging Markets
|
TA International Moderate Growth Initial Class
|
ProFund VP Europe 30
|
TA Janus Balanced Initial Class
|
ProFund VP Falling U.S. Dollar
|
TA Janus Mid-Cap Growth Initial Class
|
ProFund VP Financials
|
TA Jennison Growth Initial Class
|
ProFund VP Government Money Market
|
TA JPMorgan Core Bond Initial Class
|
ProFund VP International
|
TA JPMorgan Enhanced Index Initial Class
|
ProFund VP Japan
|
TA JPMorgan Mid Cap Value Initial Class
|
ProFund VP Mid-Cap
|
TA JPMorgan Tactical Allocation Initial Class
|
ProFund VP NASDAQ-100
|
TA Managed Risk - Balanced ETF Initial Class
|
ProFund VP Oil & Gas
|
TA Managed Risk - Growth ETF Initial Class
|
ProFund VP Pharmaceuticals
|
TA MFS International Equity Initial Class
|
ProFund VP Precious Metals
|
TA Morgan Stanley Capital Growth Initial Class
|
ProFund VP Short Emerging Markets
|
TA Multi-Managed Balanced Initial Class
|
ProFund VP Short International
|
TA PIMCO Tactical - Balanced Initial Class
|
ProFund VP Short NASDAQ-100
|
TA PIMCO Tactical - Conservative Initial Class
|
ProFund VP Short Small-Cap
|
TA PIMCO Tactical - Growth Initial Class
|
ProFund VP Small-Cap
|
TA PIMCO Total Return Initial Class
|
ProFund VP Small-Cap Value
|
TA QS Investors Active Asset Allocation - Conservative Initial Class
|
ProFund VP Telecommunications
|
TA QS Investors Active Asset Allocation - Moderate Initial Class
|
ProFund VP U.S. Government Plus
|
TA QS Investors Active Asset Allocation - Moderate Growth Initial Class
|
ProFund VP UltraNASDAQ-100
|
TA Small/Mid Cap Value Initial Class
|
ProFund VP UltraSmall-Cap
|
TA T. Rowe Price Small Cap Initial Class
|
ProFund VP Utilities
|
TA Torray Concentrated Growth Initial Class
|
TA AB Dynamic Allocation Initial Class
|
TA WMC US Growth Initial Class
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Statements of Assets and Liabilities
December 31, 2016
|
Subaccount
|
Number of Shares
|
Cost
|
Assets at Market Value
|
Due (to)/from General Account
|
Net Assets
|
Units Outstanding
|
Range of Unit Values
|
TA BlackRock Global Allocation Initial Class
|
701,532.390
|
6,310,615
|
5,948,995
|
(1)
|
5,948,994
|
497,686
|
11.490839
|
12.284702
|
||||||
TA BlackRock Tactical Allocation Initial Class
|
2,842,635.535
|
29,957,900
|
26,720,774
|
(12)
|
26,720,762
|
2,075,714
|
12.364792
|
13.325507
|
||||||
TA Clarion Global Real Estate Securities Initial Class
|
3,577,843.308
|
43,593,816
|
43,864,359
|
(9)
|
43,864,350
|
1,748,145
|
12.479369
|
34.749320
|
||||||
TA International Moderate Growth Initial Class
|
1,166,400.372
|
10,311,794
|
10,835,859
|
(6)
|
10,835,853
|
979,021
|
10.447419
|
12.196828
|
||||||
TA Janus Balanced Initial Class
|
719,032.762
|
8,606,430
|
9,685,371
|
2
|
9,685,373
|
715,770
|
12.753019
|
14.556527
|
||||||
TA Janus Mid-Cap Growth Initial Class
|
11,197,750.749
|
318,717,455
|
282,519,251
|
(12)
|
282,519,239
|
9,076,020
|
12.441220
|
66.467619
|
||||||
TA Jennison Growth Initial Class
|
2,059,008.887
|
20,796,871
|
18,119,278
|
(9)
|
18,119,269
|
940,162
|
17.917486
|
20.688365
|
||||||
TA JPMorgan Core Bond Initial Class
|
3,114,756.999
|
40,136,988
|
40,055,775
|
(67)
|
40,055,708
|
1,437,967
|
11.678805
|
46.487533
|
||||||
TA JPMorgan Enhanced Index Initial Class
|
439,999.502
|
7,775,885
|
8,082,791
|
7
|
8,082,798
|
351,180
|
18.491529
|
24.744268
|
||||||
TA JPMorgan Mid Cap Value Initial Class
|
375,117.452
|
6,621,296
|
7,277,279
|
1
|
7,277,280
|
236,161
|
19.538404
|
35.513043
|
||||||
TA JPMorgan Tactical Allocation Initial Class
|
3,088,832.238
|
42,242,045
|
43,892,306
|
(20)
|
43,892,286
|
1,962,394
|
10.862639
|
39.007643
|
||||||
TA Managed Risk - Balanced ETF Initial Class
|
129,782.937
|
1,508,862
|
1,460,058
|
(1)
|
1,460,057
|
110,976
|
12.681176
|
14.197486
|
||||||
TA Managed Risk - Growth ETF Initial Class
|
367,456.716
|
3,709,258
|
3,564,330
|
5
|
3,564,335
|
267,686
|
13.227347
|
14.295709
|
||||||
TA MFS International Equity Initial Class
|
4,288,976.623
|
33,522,398
|
33,840,026
|
(65)
|
33,839,961
|
2,430,919
|
11.044170
|
16.503248
|
||||||
TA Morgan Stanley Capital Growth Initial Class
|
3,152,616.986
|
45,608,879
|
42,402,698
|
(11)
|
42,402,687
|
1,695,157
|
17.493174
|
29.782742
|
||||||
TA Multi-Managed Balanced Initial Class
|
8,670,184.352
|
105,657,936
|
117,567,700
|
(46)
|
117,567,654
|
4,932,676
|
15.484871
|
24.752844
|
||||||
TA PIMCO Tactical - Balanced Initial Class
|
538,099.615
|
6,129,076
|
6,408,766
|
(4)
|
6,408,762
|
510,821
|
11.793674
|
13.527180
|
||||||
TA PIMCO Tactical - Conservative Initial Class
|
803,542.575
|
8,922,670
|
9,288,952
|
(15)
|
9,288,937
|
776,246
|
11.026134
|
12.933861
|
||||||
TA PIMCO Tactical - Growth Initial Class
|
1,045,092.219
|
11,595,182
|
12,091,717
|
76
|
12,091,793
|
1,008,345
|
10.817044
|
13.035952
|
||||||
TA PIMCO Total Return Initial Class
|
2,109,234.552
|
24,170,714
|
23,475,781
|
(12)
|
23,475,769
|
1,462,201
|
11.719314
|
17.288572
|
||||||
TA QS Investors Active Asset Allocation - Conservative Initial Class
|
403,702.645
|
4,326,217
|
4,166,211
|
(8)
|
4,166,203
|
365,468
|
10.955291
|
12.101053
|
||||||
TA QS Investors Active Asset Allocation - Moderate Initial Class
|
234,415.905
|
2,661,022
|
2,512,939
|
-
|
2,512,939
|
219,017
|
11.025689
|
11.794271
|
||||||
TA QS Investors Active Asset Allocation - Moderate Growth Initial Class
|
2,632,024.403
|
27,280,441
|
27,030,891
|
(12)
|
27,030,879
|
2,356,485
|
11.011536
|
12.745551
|
||||||
TA Small/Mid Cap Value Initial Class
|
6,306,556.443
|
126,880,541
|
130,924,112
|
(18)
|
130,924,094
|
4,252,175
|
17.658887
|
37.125782
|
||||||
TA T. Rowe Price Small Cap Initial Class
|
3,716,652.876
|
50,824,052
|
50,509,313
|
(12)
|
50,509,301
|
1,842,107
|
18.834228
|
31.767364
|
||||||
TA Torray Concentrated Growth Initial Class
|
383,855.042
|
7,187,788
|
6,863,328
|
(6)
|
6,863,322
|
284,592
|
16.387075
|
27.845968
|
||||||
TA WMC US Growth Initial Class
|
36,021,636.230
|
902,099,862
|
839,304,124
|
22
|
839,304,146
|
35,944,589
|
15.403838
|
24.384577
|
AB Balanced Wealth Strategy Class B Shares
|
Access VP High Yield
|
Fidelity® VIP Contrafund® Service Class 2
|
Fidelity® VIP Equity-Income Service Class 2
|
Fidelity® VIP Growth Opportunities Service Class 2
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 1,932,859
|
$ 3,082,825
|
$ 23,090,070
|
$ 11,271,545
|
$ 7,282,450
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
46,488
|
137,838
|
172,954
|
309,789
|
206
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
18,874
|
31,205
|
190,552
|
92,751
|
62,724
|
|||
Net Investment Income (Loss)
|
27,614
|
106,633
|
(17,598)
|
217,038
|
(62,518)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
212,296
|
64,193
|
2,052,857
|
1,025,304
|
723,373
|
|||
Realized Gain (Loss) on Investments
|
(20,457)
|
(47,676)
|
1,488,504
|
4,602
|
853,746
|
|||
Net Realized Capital Gains (Losses) on Investments
|
191,839
|
16,517
|
3,541,361
|
1,029,906
|
1,577,119
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(227,846)
|
(145,584)
|
(3,621,330)
|
(1,794,381)
|
(1,211,139)
|
|||
Net Gain (Loss) on Investment
|
(36,007)
|
(129,067)
|
(79,969)
|
(764,475)
|
365,980
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(8,393)
|
(22,434)
|
(97,567)
|
(547,437)
|
303,462
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
630,039
|
(268,550)
|
(2,129,919)
|
(867,002)
|
(430,701)
|
|||
Total Increase (Decrease) in Net Assets
|
621,646
|
(290,984)
|
(2,227,486)
|
(1,414,439)
|
(127,239)
|
|||
Net Assets as of December 31, 2015:
|
$ 2,554,505
|
$ 2,791,841
|
$ 20,862,584
|
$ 9,857,106
|
$ 7,155,211
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
46,459
|
119,250
|
122,077
|
220,008
|
3,227
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
21,459
|
30,619
|
154,023
|
82,557
|
51,439
|
|||
Net Investment Income (Loss)
|
25,000
|
88,631
|
(31,946)
|
137,451
|
(48,212)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
171,985
|
-
|
1,630,646
|
657,568
|
139,310
|
|||
Realized Gain (Loss) on Investments
|
(108,866)
|
4,940
|
965,842
|
(208,289)
|
963,393
|
|||
Net Realized Capital Gains (Losses) on Investments
|
63,119
|
4,940
|
2,596,488
|
449,279
|
1,102,703
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
3,979
|
179,455
|
(1,291,193)
|
995,053
|
(1,139,150)
|
|||
Net Gain (Loss) on Investment
|
67,098
|
184,395
|
1,305,295
|
1,444,332
|
(36,447)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
92,098
|
273,026
|
1,273,349
|
1,581,783
|
(84,659)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(118,590)
|
443,847
|
(1,865,000)
|
(401,115)
|
(917,985)
|
|||
Total Increase (Decrease) in Net Assets
|
(26,492)
|
716,873
|
(591,651)
|
1,180,668
|
(1,002,644)
|
|||
Net Assets as of December 31, 2016:
|
$ 2,528,013
|
$ 3,508,714
|
$ 20,270,933
|
$ 11,037,774
|
$ 6,152,567
|
Fidelity® VIP Index 500 Service Class 2
|
Franklin Founding Funds Allocation Class 4 Shares
|
ProFund VP Asia 30
|
ProFund VP Basic Materials
|
ProFund VP Bull
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 26,601,866
|
$ 2,597,442
|
$ 4,005,729
|
$ 3,214,324
|
$ 7,847,701
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
541,021
|
65,681
|
10,943
|
16,846
|
-
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
248,550
|
20,391
|
33,993
|
23,990
|
41,030
|
|||
Net Investment Income (Loss)
|
292,471
|
45,290
|
(23,050)
|
(7,144)
|
(41,030)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
18,481
|
3,771
|
203,067
|
-
|
68,516
|
|||
Realized Gain (Loss) on Investments
|
2,241,158
|
(32,896)
|
35,996
|
64,645
|
170,314
|
|||
Net Realized Capital Gains (Losses) on Investments
|
2,259,639
|
(29,125)
|
239,063
|
64,645
|
238,830
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(2,553,318)
|
(180,212)
|
(630,432)
|
(499,915)
|
(369,501)
|
|||
Net Gain (Loss) on Investment
|
(293,679)
|
(209,337)
|
(391,369)
|
(435,270)
|
(130,671)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(1,208)
|
(164,047)
|
(414,419)
|
(442,414)
|
(171,701)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
2,754,826
|
(259,192)
|
(129,125)
|
(357,079)
|
(961,702)
|
|||
Total Increase (Decrease) in Net Assets
|
2,753,618
|
(423,239)
|
(543,544)
|
(799,493)
|
(1,133,403)
|
|||
Net Assets as of December 31, 2015:
|
$ 29,355,484
|
$ 2,174,203
|
$ 3,462,185
|
$ 2,414,831
|
$ 6,714,298
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
452,887
|
79,581
|
37,190
|
11,310
|
-
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
261,014
|
18,385
|
30,383
|
22,857
|
38,868
|
|||
Net Investment Income (Loss)
|
191,873
|
61,196
|
6,807
|
(11,547)
|
(38,868)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
31,669
|
70,040
|
-
|
-
|
117,264
|
|||
Realized Gain (Loss) on Investments
|
2,820,418
|
(70,356)
|
(83,504)
|
76,968
|
(380,343)
|
|||
Net Realized Capital Gains (Losses) on Investments
|
2,852,087
|
(316)
|
(83,504)
|
76,968
|
(263,079)
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
391,627
|
186,224
|
(80,816)
|
398,831
|
487,205
|
|||
Net Gain (Loss) on Investment
|
3,243,714
|
185,908
|
(164,320)
|
475,799
|
224,126
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
3,435,587
|
247,104
|
(157,513)
|
464,252
|
185,258
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
2,328,257
|
17,926
|
1,171,658
|
688,968
|
(1,255,449)
|
|||
Total Increase (Decrease) in Net Assets
|
5,763,844
|
265,030
|
1,014,145
|
1,153,220
|
(1,070,191)
|
|||
Net Assets as of December 31, 2016:
|
$ 35,119,328
|
$ 2,439,233
|
$ 4,476,330
|
$ 3,568,051
|
$ 5,644,107
|
ProFund VP Consumer Services
|
ProFund VP Emerging Markets
|
ProFund VP Europe 30
|
ProFund VP Falling U.S. Dollar
|
ProFund VP Financials
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 3,676,431
|
$ 3,137,159
|
$ 840,921
|
$ 369,511
|
$ 3,733,080
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
-
|
27,026
|
45,090
|
-
|
10,076
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
34,494
|
24,016
|
8,334
|
3,495
|
25,387
|
|||
Net Investment Income (Loss)
|
(34,494)
|
3,010
|
36,756
|
(3,495)
|
(15,311)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
460,252
|
-
|
-
|
-
|
-
|
|||
Realized Gain (Loss) on Investments
|
436,034
|
(228,642)
|
(78,902)
|
(71,588)
|
421,411
|
|||
Net Realized Capital Gains (Losses) on Investments
|
896,286
|
(228,642)
|
(78,902)
|
(71,588)
|
421,411
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(751,315)
|
(330,077)
|
(90,050)
|
30,575
|
(559,418)
|
|||
Net Gain (Loss) on Investment
|
144,971
|
(558,719)
|
(168,952)
|
(41,013)
|
(138,007)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
110,477
|
(555,709)
|
(132,196)
|
(44,508)
|
(153,318)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
436,763
|
(52,369)
|
408,689
|
180,039
|
(584,789)
|
|||
Total Increase (Decrease) in Net Assets
|
547,240
|
(608,078)
|
276,493
|
135,531
|
(738,107)
|
|||
Net Assets as of December 31, 2015:
|
$ 4,223,671
|
$ 2,529,081
|
$ 1,117,414
|
$ 505,042
|
$ 2,994,973
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
-
|
12,494
|
30,770
|
-
|
9,305
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
32,660
|
43,348
|
8,632
|
2,455
|
22,501
|
|||
Net Investment Income (Loss)
|
(32,660)
|
(30,854)
|
22,138
|
(2,455)
|
(13,196)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
36,992
|
-
|
-
|
-
|
-
|
|||
Realized Gain (Loss) on Investments
|
(50,260)
|
109,113
|
(146,072)
|
(10,957)
|
65,463
|
|||
Net Realized Capital Gains (Losses) on Investments
|
(13,268)
|
109,113
|
(146,072)
|
(10,957)
|
65,463
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
171,088
|
546,006
|
193,333
|
(8,025)
|
312,635
|
|||
Net Gain (Loss) on Investment
|
157,820
|
655,119
|
47,261
|
(18,982)
|
378,098
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
125,160
|
624,265
|
69,399
|
(21,437)
|
364,902
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(625,844)
|
1,267,110
|
(95,974)
|
(208,072)
|
748,641
|
|||
Total Increase (Decrease) in Net Assets
|
(500,684)
|
1,891,375
|
(26,575)
|
(229,509)
|
1,113,543
|
|||
Net Assets as of December 31, 2016:
|
$ 3,722,987
|
$ 4,420,456
|
$ 1,090,839
|
$ 275,533
|
$ 4,108,516
|
ProFund VP Government Money Market
|
ProFund VP International
|
ProFund VP Japan
|
ProFund VP Mid-Cap
|
ProFund VP NASDAQ-100
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 16,150,205
|
$ 1,559,803
|
$ 1,054,285
|
$ 4,612,463
|
$ 15,744,895
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
3,887
|
-
|
-
|
-
|
-
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
140,019
|
15,328
|
24,575
|
32,886
|
110,948
|
|||
Net Investment Income (Loss)
|
(136,132)
|
(15,328)
|
(24,575)
|
(32,886)
|
(110,948)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
-
|
-
|
-
|
118,440
|
1,244,230
|
|||
Realized Gain (Loss) on Investments
|
-
|
(139,734)
|
(198,089)
|
52,584
|
321,341
|
|||
Net Realized Capital Gains (Losses) on Investments
|
-
|
(139,734)
|
(198,089)
|
171,024
|
1,565,571
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
-
|
38,396
|
(50,474)
|
(334,289)
|
(535,847)
|
|||
Net Gain (Loss) on Investment
|
-
|
(101,338)
|
(248,563)
|
(163,265)
|
1,029,724
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(136,132)
|
(116,666)
|
(273,138)
|
(196,151)
|
918,776
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
79,571
|
(123,364)
|
1,985,400
|
(1,381,584)
|
(5,805,863)
|
|||
Total Increase (Decrease) in Net Assets
|
(56,561)
|
(240,030)
|
1,712,262
|
(1,577,735)
|
(4,887,087)
|
|||
Net Assets as of December 31, 2015:
|
$ 16,093,644
|
$ 1,319,773
|
$ 2,766,547
|
$ 3,034,728
|
$ 10,857,808
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
3,138
|
-
|
-
|
-
|
-
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
120,130
|
9,562
|
11,498
|
45,910
|
100,375
|
|||
Net Investment Income (Loss)
|
(116,992)
|
(9,562)
|
(11,498)
|
(45,910)
|
(100,375)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
-
|
-
|
-
|
151,232
|
479,163
|
|||
Realized Gain (Loss) on Investments
|
-
|
(96,077)
|
(352,999)
|
126,509
|
(24,706)
|
|||
Net Realized Capital Gains (Losses) on Investments
|
-
|
(96,077)
|
(352,999)
|
277,741
|
454,457
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
-
|
75,973
|
201,508
|
628,778
|
(212,645)
|
|||
Net Gain (Loss) on Investment
|
-
|
(20,104)
|
(151,491)
|
906,519
|
241,812
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(116,992)
|
(29,666)
|
(162,989)
|
860,609
|
141,437
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(5,607,632)
|
(123,255)
|
(1,484,043)
|
2,863,307
|
(875,558)
|
|||
Total Increase (Decrease) in Net Assets
|
(5,724,624)
|
(152,921)
|
(1,647,032)
|
3,723,916
|
(734,121)
|
|||
Net Assets as of December 31, 2016:
|
$ 10,369,020
|
$ 1,166,852
|
$ 1,119,515
|
$ 6,758,644
|
$ 10,123,687
|
ProFund VP Oil & Gas
|
ProFund VP Pharmaceuticals
|
ProFund VP Precious Metals
|
ProFund VP Short Emerging Markets
|
ProFund VP Short International
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 6,968,686
|
$ 8,282,932
|
$ 3,496,463
|
$ 1,039,511
|
$ 555,329
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
44,798
|
48,701
|
-
|
-
|
-
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
61,190
|
85,270
|
28,541
|
5,943
|
3,955
|
|||
Net Investment Income (Loss)
|
(16,392)
|
(36,569)
|
(28,541)
|
(5,943)
|
(3,955)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
566,591
|
246,210
|
-
|
-
|
-
|
|||
Realized Gain (Loss) on Investments
|
(1,223,244)
|
986,042
|
(1,986,698)
|
76,803
|
(23,203)
|
|||
Net Realized Capital Gains (Losses) on Investments
|
(656,653)
|
1,232,252
|
(1,986,698)
|
76,803
|
(23,203)
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(1,222,958)
|
(960,077)
|
833,523
|
(23,226)
|
(4,801)
|
|||
Net Gain (Loss) on Investment
|
(1,879,611)
|
272,175
|
(1,153,175)
|
53,577
|
(28,004)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(1,896,003)
|
235,606
|
(1,181,716)
|
47,634
|
(31,959)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
1,481,426
|
784,779
|
520,624
|
(362,540)
|
(83,573)
|
|||
Total Increase (Decrease) in Net Assets
|
(414,577)
|
1,020,385
|
(661,092)
|
(314,906)
|
(115,532)
|
|||
Net Assets as of December 31, 2015:
|
$ 6,554,109
|
$ 9,303,317
|
$ 2,835,371
|
$ 724,605
|
$ 439,797
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
103,636
|
75,130
|
-
|
-
|
-
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
59,743
|
65,296
|
49,295
|
6,705
|
4,973
|
|||
Net Investment Income (Loss)
|
43,893
|
9,834
|
(49,295)
|
(6,705)
|
(4,973)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
-
|
457,263
|
-
|
-
|
-
|
|||
Realized Gain (Loss) on Investments
|
(1,248,523)
|
(152,660)
|
1,047,069
|
(169,891)
|
(7,204)
|
|||
Net Realized Capital Gains (Losses) on Investments
|
(1,248,523)
|
304,603
|
1,047,069
|
(169,891)
|
(7,204)
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
2,794,854
|
(704,623)
|
287,764
|
(52,803)
|
(53,071)
|
|||
Net Gain (Loss) on Investment
|
1,546,331
|
(400,020)
|
1,334,833
|
(222,694)
|
(60,275)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
1,590,224
|
(390,186)
|
1,285,538
|
(229,399)
|
(65,248)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
515,296
|
(2,163,138)
|
1,978,996
|
452,016
|
185,669
|
|||
Total Increase (Decrease) in Net Assets
|
2,105,520
|
(2,553,324)
|
3,264,534
|
222,617
|
120,421
|
|||
Net Assets as of December 31, 2016:
|
$ 8,659,629
|
$ 6,749,993
|
$ 6,099,905
|
$ 947,222
|
$ 560,218
|
TA Aegon Government Money Market Initial Class
|
TA Aegon High Yield Bond Initial Class
|
TA Aegon U.S. Government Securities Initial Class
|
TA Asset Allocation - Conservative Initial Class
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 33,526,122
|
$ 15,700,265
|
$ 8,089,421
|
$ 35,981,682
|
|||
Investment Income:
|
|||||||
Reinvested Dividends
|
1,764
|
982,339
|
175,984
|
775,631
|
|||
Investment Expense:
|
|||||||
Mortality and Expense Risk and Administrative Charges
|
292,293
|
142,726
|
68,432
|
298,034
|
|||
Net Investment Income (Loss)
|
(290,529)
|
839,613
|
107,552
|
477,597
|
|||
Increase (Decrease) in Net Assets from Operations:
|
|||||||
Capital Gain Distributions
|
-
|
-
|
41,027
|
1,377,446
|
|||
Realized Gain (Loss) on Investments
|
-
|
(455,015)
|
(181,468)
|
532,842
|
|||
Net Realized Capital Gains (Losses) on Investments
|
-
|
(455,015)
|
(140,441)
|
1,910,288
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
-
|
(1,185,149)
|
(38,055)
|
(3,328,753)
|
|||
Net Gain (Loss) on Investment
|
-
|
(1,640,164)
|
(178,496)
|
(1,418,465)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(290,529)
|
(800,551)
|
(70,944)
|
(940,868)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
3,594,140
|
(875,394)
|
734,843
|
(2,857,967)
|
|||
Total Increase (Decrease) in Net Assets
|
3,303,611
|
(1,675,945)
|
663,899
|
(3,798,835)
|
|||
Net Assets as of December 31, 2015:
|
$ 36,829,733
|
$ 14,024,320
|
$ 8,753,320
|
$ 32,182,847
|
|||
Investment Income:
|
|||||||
Reinvested Dividends
|
2,010
|
919,964
|
61,127
|
642,454
|
|||
Investment Expense:
|
|||||||
Mortality and Expense Risk and Administrative Charges
|
289,964
|
129,220
|
73,739
|
266,067
|
|||
Net Investment Income (Loss)
|
(287,954)
|
790,744
|
(12,612)
|
376,387
|
|||
Increase (Decrease) in Net Assets from Operations:
|
|||||||
Capital Gain Distributions
|
-
|
-
|
-
|
700,777
|
|||
Realized Gain (Loss) on Investments
|
-
|
(605,192)
|
(203,843)
|
4,466
|
|||
Net Realized Capital Gains (Losses) on Investments
|
-
|
(605,192)
|
(203,843)
|
705,243
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
-
|
1,867,299
|
178,709
|
74,792
|
|||
Net Gain (Loss) on Investment
|
-
|
1,262,107
|
(25,134)
|
780,035
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(287,954)
|
2,052,851
|
(37,746)
|
1,156,422
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(726,347)
|
2,832,629
|
(447,360)
|
(2,282,631)
|
|||
Total Increase (Decrease) in Net Assets
|
(1,014,301)
|
4,885,480
|
(485,106)
|
(1,126,209)
|
|||
Net Assets as of December 31, 2016:
|
$ 35,815,432
|
$ 18,909,800
|
$ 8,268,214
|
$ 31,056,638
|
TA BlackRock Tactical Allocation Initial Class
|
TA Clarion Global Real Estate Securities Initial Class
|
TA International Moderate Growth Initial Class
|
TA Janus Balanced Initial Class
|
TA Janus Mid-Cap Growth Initial Class
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 29,541,610
|
$ 50,927,199
|
$ 11,634,211
|
$ 10,313,848
|
$ 368,160,169
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
827,384
|
2,234,979
|
231,439
|
94,257
|
-
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
235,360
|
430,669
|
99,985
|
83,283
|
2,958,393
|
|||
Net Investment Income (Loss)
|
592,024
|
1,804,310
|
131,454
|
10,974
|
(2,958,393)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
2,084,391
|
-
|
-
|
245,459
|
51,520,946
|
|||
Realized Gain (Loss) on Investments
|
(193,979)
|
1,107,552
|
232,531
|
391,863
|
20,316,448
|
|||
Net Realized Capital Gains (Losses) on Investments
|
1,890,412
|
1,107,552
|
232,531
|
637,322
|
71,837,394
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(2,673,030)
|
(3,641,775)
|
(653,272)
|
(696,356)
|
(88,684,902)
|
|||
Net Gain (Loss) on Investment
|
(782,618)
|
(2,534,223)
|
(420,741)
|
(59,034)
|
(16,847,508)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(190,594)
|
(729,913)
|
(289,287)
|
(48,060)
|
(19,805,901)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(2,185,150)
|
(2,180,860)
|
(198,524)
|
(294,611)
|
(31,014,893)
|
|||
Total Increase (Decrease) in Net Assets
|
(2,375,744)
|
(2,910,773)
|
(487,811)
|
(342,671)
|
(50,820,794)
|
|||
Net Assets as of December 31, 2015:
|
$ 27,165,866
|
$ 48,016,426
|
$ 11,146,400
|
$ 9,971,177
|
$ 317,339,375
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
1,053,269
|
814,178
|
228,097
|
117,027
|
-
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
214,700
|
375,031
|
91,028
|
76,286
|
2,255,267
|
|||
Net Investment Income (Loss)
|
838,569
|
439,147
|
137,069
|
40,741
|
(2,255,267)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
1,384,327
|
-
|
-
|
83,115
|
26,285,150
|
|||
Realized Gain (Loss) on Investments
|
(714,096)
|
664,082
|
125,059
|
319,624
|
(1,560,238)
|
|||
Net Realized Capital Gains (Losses) on Investments
|
670,231
|
664,082
|
125,059
|
402,739
|
24,724,912
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(363,763)
|
(1,152,122)
|
(226,964)
|
(119,147)
|
(32,746,132)
|
|||
Net Gain (Loss) on Investment
|
306,468
|
(488,040)
|
(101,905)
|
283,592
|
(8,021,220)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
1,145,037
|
(48,893)
|
35,164
|
324,333
|
(10,276,487)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(1,590,141)
|
(4,103,183)
|
(345,711)
|
(610,137)
|
(24,543,649)
|
|||
Total Increase (Decrease) in Net Assets
|
(445,104)
|
(4,152,076)
|
(310,547)
|
(285,804)
|
(34,820,136)
|
|||
Net Assets as of December 31, 2016:
|
$ 26,720,762
|
$ 43,864,350
|
$ 10,835,853
|
$ 9,685,373
|
$ 282,519,239
|
TA Jennison Growth Initial Class
|
TA JPMorgan Core Bond Initial Class
|
TA JPMorgan Enhanced Index Initial Class
|
TA JPMorgan Mid Cap Value Initial Class
|
TA JPMorgan Tactical Allocation Initial Class
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 21,823,230
|
$ 42,109,356
|
$ 8,139,538
|
$ 8,553,912
|
$ 54,021,746
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
-
|
798,107
|
75,395
|
70,204
|
628,999
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
173,608
|
343,319
|
68,129
|
69,452
|
420,554
|
|||
Net Investment Income (Loss)
|
(173,608)
|
454,788
|
7,266
|
752
|
208,445
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
1,670,041
|
-
|
558,788
|
506,190
|
-
|
|||
Realized Gain (Loss) on Investments
|
1,471,143
|
263,007
|
701,852
|
798,932
|
708,901
|
|||
Net Realized Capital Gains (Losses) on Investments
|
3,141,184
|
263,007
|
1,260,640
|
1,305,122
|
708,901
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(1,117,393)
|
(792,132)
|
(1,360,138)
|
(1,571,532)
|
(1,312,578)
|
|||
Net Gain (Loss) on Investment
|
2,023,791
|
(529,125)
|
(99,498)
|
(266,410)
|
(603,677)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
1,850,183
|
(74,337)
|
(92,232)
|
(265,658)
|
(395,232)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
2,977,922
|
(4,691,007)
|
425,105
|
(975,824)
|
(4,460,584)
|
|||
Total Increase (Decrease) in Net Assets
|
4,828,105
|
(4,765,344)
|
332,873
|
(1,241,482)
|
(4,855,816)
|
|||
Net Assets as of December 31, 2015:
|
$ 26,651,335
|
$ 37,344,012
|
$ 8,472,411
|
$ 7,312,430
|
$ 49,165,930
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
-
|
898,501
|
29,239
|
147,820
|
628,172
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
160,002
|
346,020
|
59,891
|
57,213
|
379,798
|
|||
Net Investment Income (Loss)
|
(160,002)
|
552,481
|
(30,652)
|
90,607
|
248,374
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
3,367,307
|
-
|
159,815
|
1,103,310
|
-
|
|||
Realized Gain (Loss) on Investments
|
(864,793)
|
273,911
|
(88,374)
|
602,032
|
670,159
|
|||
Net Realized Capital Gains (Losses) on Investments
|
2,502,514
|
273,911
|
71,441
|
1,705,342
|
670,159
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(3,241,249)
|
(230,624)
|
574,820
|
(888,869)
|
793,762
|
|||
Net Gain (Loss) on Investment
|
(738,735)
|
43,287
|
646,261
|
816,473
|
1,463,921
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(898,737)
|
595,768
|
615,609
|
907,080
|
1,712,295
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(7,633,329)
|
2,115,928
|
(1,005,222)
|
(942,230)
|
(6,985,939)
|
|||
Total Increase (Decrease) in Net Assets
|
(8,532,066)
|
2,711,696
|
(389,613)
|
(35,150)
|
(5,273,644)
|
|||
Net Assets as of December 31, 2016:
|
$ 18,119,269
|
$ 40,055,708
|
$ 8,082,798
|
$ 7,277,280
|
$ 43,892,286
|
TA Managed Risk - Balanced ETF Initial Class
|
TA Managed Risk - Growth ETF Initial Class
|
TA MFS International Equity Initial Class
|
TA Morgan Stanley Capital Growth Initial Class
|
TA Multi-Managed Balanced Initial Class
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 1,396,524
|
$ 5,695,732
|
$ 39,436,664
|
$ 43,499,029
|
$ 126,843,352
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
18,839
|
79,024
|
686,756
|
-
|
1,678,919
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
11,299
|
40,712
|
353,862
|
405,236
|
1,057,014
|
|||
Net Investment Income (Loss)
|
7,540
|
38,312
|
332,894
|
(405,236)
|
621,905
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
52,548
|
405,074
|
-
|
3,880,059
|
5,868,411
|
|||
Realized Gain (Loss) on Investments
|
19,405
|
(32,883)
|
1,262,180
|
2,399,191
|
2,564,328
|
|||
Net Realized Capital Gains (Losses) on Investments
|
71,953
|
372,191
|
1,262,180
|
6,279,250
|
8,432,739
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(111,698)
|
(601,023)
|
(2,089,297)
|
(1,060,651)
|
(9,819,338)
|
|||
Net Gain (Loss) on Investment
|
(39,745)
|
(228,832)
|
(827,117)
|
5,218,599
|
(1,386,599)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(32,205)
|
(190,520)
|
(494,223)
|
4,813,363
|
(764,694)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(50,748)
|
(903,855)
|
(979,771)
|
2,837,220
|
(8,328,234)
|
|||
Total Increase (Decrease) in Net Assets
|
(82,953)
|
(1,094,375)
|
(1,473,994)
|
7,650,583
|
(9,092,928)
|
|||
Net Assets as of December 31, 2015:
|
$ 1,313,571
|
$ 4,601,357
|
$ 37,962,670
|
$ 51,149,612
|
$ 117,750,424
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
25,976
|
81,659
|
522,112
|
-
|
1,116,457
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
11,196
|
34,667
|
278,540
|
364,097
|
978,820
|
|||
Net Investment Income (Loss)
|
14,780
|
46,992
|
243,572
|
(364,097)
|
137,637
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
11,168
|
-
|
261,274
|
6,711,831
|
3,780,286
|
|||
Realized Gain (Loss) on Investments
|
(19,600)
|
(371,432)
|
672,999
|
3,651,775
|
2,293,144
|
|||
Net Realized Capital Gains (Losses) on Investments
|
(8,432)
|
(371,432)
|
934,273
|
10,363,606
|
6,073,430
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
36,490
|
479,453
|
(1,546,869)
|
(11,561,184)
|
1,626,545
|
|||
Net Gain (Loss) on Investment
|
28,058
|
108,021
|
(612,596)
|
(1,197,578)
|
7,699,975
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
42,838
|
155,013
|
(369,024)
|
(1,561,675)
|
7,837,612
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
103,648
|
(1,192,035)
|
(3,753,685)
|
(7,185,250)
|
(8,020,382)
|
|||
Total Increase (Decrease) in Net Assets
|
146,486
|
(1,037,022)
|
(4,122,709)
|
(8,746,925)
|
(182,770)
|
|||
Net Assets as of December 31, 2016:
|
$ 1,460,057
|
$ 3,564,335
|
$ 33,839,961
|
$ 42,402,687
|
$ 117,567,654
|
TA PIMCO Tactical - Balanced Initial Class
|
TA PIMCO Tactical - Conservative Initial Class
|
TA PIMCO Tactical - Growth Initial Class
|
TA PIMCO Total Return Initial Class
|
TA QS Investors Active Asset Allocation - Conservative Initial Class
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 7,174,801
|
$ 10,416,283
|
$ 13,961,228
|
$ 25,987,720
|
$ 4,911,753
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
-
|
39,512
|
-
|
742,812
|
56,102
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
55,559
|
81,984
|
109,062
|
223,017
|
43,403
|
|||
Net Investment Income (Loss)
|
(55,559)
|
(42,472)
|
(109,062)
|
519,795
|
12,699
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
228,318
|
218,442
|
308,013
|
704,286
|
134,265
|
|||
Realized Gain (Loss) on Investments
|
179,415
|
142,828
|
174,214
|
(446,299)
|
73,589
|
|||
Net Realized Capital Gains (Losses) on Investments
|
407,733
|
361,270
|
482,227
|
257,987
|
207,854
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(560,024)
|
(574,554)
|
(891,948)
|
(845,857)
|
(397,679)
|
|||
Net Gain (Loss) on Investment
|
(152,291)
|
(213,284)
|
(409,721)
|
(587,870)
|
(189,825)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(207,850)
|
(255,756)
|
(518,783)
|
(68,075)
|
(177,126)
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(388,602)
|
(577,964)
|
(1,100,558)
|
(3,014,491)
|
(466,054)
|
|||
Total Increase (Decrease) in Net Assets
|
(596,452)
|
(833,720)
|
(1,619,341)
|
(3,082,566)
|
(643,180)
|
|||
Net Assets as of December 31, 2015:
|
$ 6,578,349
|
$ 9,582,563
|
$ 12,341,887
|
$ 22,905,154
|
$ 4,268,573
|
|||
Investment Income:
|
||||||||
Reinvested Dividends
|
32,915
|
55,110
|
-
|
566,694
|
62,980
|
|||
Investment Expense:
|
||||||||
Mortality and Expense Risk and Administrative Charges
|
50,176
|
73,249
|
96,611
|
197,236
|
34,656
|
|||
Net Investment Income (Loss)
|
(17,261)
|
(18,139)
|
(96,611)
|
369,458
|
28,324
|
|||
Increase (Decrease) in Net Assets from Operations:
|
||||||||
Capital Gain Distributions
|
-
|
-
|
-
|
18,781
|
-
|
|||
Realized Gain (Loss) on Investments
|
85,988
|
91,977
|
66,024
|
(299,116)
|
(46,972)
|
|||
Net Realized Capital Gains (Losses) on Investments
|
85,988
|
91,977
|
66,024
|
(280,335)
|
(46,972)
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
238,252
|
325,265
|
533,549
|
365,769
|
105,974
|
|||
Net Gain (Loss) on Investment
|
324,240
|
417,242
|
599,573
|
85,434
|
59,002
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
306,979
|
399,103
|
502,962
|
454,892
|
87,326
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(476,566)
|
(692,729)
|
(753,056)
|
115,723
|
(189,696)
|
|||
Total Increase (Decrease) in Net Assets
|
(169,587)
|
(293,626)
|
(250,094)
|
570,615
|
(102,370)
|
|||
Net Assets as of December 31, 2016:
|
$ 6,408,762
|
$ 9,288,937
|
$ 12,091,793
|
$ 23,475,769
|
$ 4,166,203
|
TA QS Investors Active Asset Allocation - Moderate Initial Class
|
TA QS Investors Active Asset Allocation - Moderate Growth Initial Class
|
TA Small/Mid Cap Value Initial Class
|
TA T. Rowe Price Small Cap Initial Class
|
||||
Subaccount
|
Subaccount
|
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 3,074,223
|
$ 33,186,715
|
$ 130,580,302
|
$ 43,586,773
|
|||
Investment Income:
|
|||||||
Reinvested Dividends
|
32,904
|
377,883
|
1,246,625
|
-
|
|||
Investment Expense:
|
|||||||
Mortality and Expense Risk and Administrative Charges
|
24,614
|
260,842
|
1,053,535
|
424,801
|
|||
Net Investment Income (Loss)
|
8,290
|
117,041
|
193,090
|
(424,801)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
|||||||
Capital Gain Distributions
|
113,763
|
1,824,351
|
14,226,224
|
4,224,104
|
|||
Realized Gain (Loss) on Investments
|
61,758
|
830,363
|
2,804,880
|
3,756,097
|
|||
Net Realized Capital Gains (Losses) on Investments
|
175,521
|
2,654,714
|
17,031,104
|
7,980,201
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(326,327)
|
(5,096,242)
|
(21,087,890)
|
(7,306,362)
|
|||
Net Gain (Loss) on Investment
|
(150,806)
|
(2,441,528)
|
(4,056,786)
|
673,839
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(142,516)
|
(2,324,487)
|
(3,863,696)
|
249,038
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(272,017)
|
(1,362,924)
|
(12,505,799)
|
102,818
|
|||
Total Increase (Decrease) in Net Assets
|
(414,533)
|
(3,687,411)
|
(16,369,495)
|
351,856
|
|||
Net Assets as of December 31, 2015:
|
$ 2,659,690
|
$ 29,499,304
|
$ 114,210,807
|
$ 43,938,629
|
|||
Investment Income:
|
|||||||
Reinvested Dividends
|
37,211
|
369,444
|
932,079
|
-
|
|||
Investment Expense:
|
|||||||
Mortality and Expense Risk and Administrative Charges
|
20,515
|
223,150
|
943,807
|
344,918
|
|||
Net Investment Income (Loss)
|
16,696
|
146,294
|
(11,728)
|
(344,918)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
|||||||
Capital Gain Distributions
|
-
|
-
|
12,016,391
|
5,163,495
|
|||
Realized Gain (Loss) on Investments
|
(17,406)
|
148,359
|
(771,969)
|
1,058,566
|
|||
Net Realized Capital Gains (Losses) on Investments
|
(17,406)
|
148,359
|
11,244,422
|
6,222,061
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
40,704
|
122,531
|
10,967,757
|
(1,735,246)
|
|||
Net Gain (Loss) on Investment
|
23,298
|
270,890
|
22,212,179
|
4,486,815
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
39,994
|
417,184
|
22,200,451
|
4,141,897
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(186,745)
|
(2,885,609)
|
(5,487,164)
|
2,428,775
|
|||
Total Increase (Decrease) in Net Assets
|
(146,751)
|
(2,468,425)
|
16,713,287
|
6,570,672
|
|||
Net Assets as of December 31, 2016:
|
$ 2,512,939
|
$ 27,030,879
|
$ 130,924,094
|
$ 50,509,301
|
TA Torray Concentrated Growth Initial Class
|
TA WMC US Growth Initial Class
|
||||
Subaccount
|
Subaccount
|
||||
Net Assets as of December 31, 2014:
|
$ 7,377,884
|
$ 898,965,057
|
|||
Investment Income:
|
|||||
Reinvested Dividends
|
38,725
|
6,653,881
|
|||
Investment Expense:
|
|||||
Mortality and Expense Risk and Administrative Charges
|
60,972
|
7,682,710
|
|||
Net Investment Income (Loss)
|
(22,247)
|
(1,028,829)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
|||||
Capital Gain Distributions
|
1,343,938
|
291,922,358
|
|||
Realized Gain (Loss) on Investments
|
80,632
|
40,909,709
|
|||
Net Realized Capital Gains (Losses) on Investments
|
1,424,570
|
332,832,067
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
(1,590,842)
|
(278,803,839)
|
|||
Net Gain (Loss) on Investment
|
(166,272)
|
54,028,228
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
(188,519)
|
52,999,399
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
158,303
|
(67,467,986)
|
|||
Total Increase (Decrease) in Net Assets
|
(30,216)
|
(14,468,587)
|
|||
Net Assets as of December 31, 2015:
|
$ 7,347,668
|
$ 884,496,470
|
|||
Investment Income:
|
|||||
Reinvested Dividends
|
32,014
|
3,442,375
|
|||
Investment Expense:
|
|||||
Mortality and Expense Risk and Administrative Charges
|
56,504
|
6,970,997
|
|||
Net Investment Income (Loss)
|
(24,490)
|
(3,528,622)
|
|||
Increase (Decrease) in Net Assets from Operations:
|
|||||
Capital Gain Distributions
|
-
|
35,568,850
|
|||
Realized Gain (Loss) on Investments
|
(635,124)
|
(2,984,314)
|
|||
Net Realized Capital Gains (Losses) on Investments
|
(635,124)
|
32,584,536
|
|||
Net Change in Unrealized Appreciation (Depreciation)
|
1,046,283
|
(12,971,161)
|
|||
Net Gain (Loss) on Investment
|
411,159
|
19,613,375
|
|||
Net Increase (Decrease) in Net Assets Resulting from Operations
|
386,669
|
16,084,753
|
|||
Increase (Decrease) in Net Assets from Contract Transactions
|
(871,015)
|
(61,277,077)
|
|||
Total Increase (Decrease) in Net Assets
|
(484,346)
|
(45,192,324)
|
|||
Net Assets as of December 31, 2016:
|
$ 6,863,322
|
$ 839,304,146
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
1. Organization (continued)
|
|||||||||||||||
Subaccount Investment by Mutual Fund:
|
|||||||||||||||
Subaccount
|
Mutual Fund
|
||||||||||||||
Profunds
|
Profunds
|
||||||||||||||
ProFund VP Small-Cap Value
|
ProFund VP Small-Cap Value
|
||||||||||||||
ProFund VP Telecommunications
|
ProFund VP Telecommunications
|
||||||||||||||
ProFund VP U.S. Government Plus
|
ProFund VP U.S. Government Plus
|
||||||||||||||
ProFund VP UltraNASDAQ-100
|
ProFund VP UltraNASDAQ-100
|
||||||||||||||
ProFund VP UltraSmall-Cap
|
ProFund VP UltraSmall-Cap
|
||||||||||||||
ProFund VP Utilities
|
ProFund VP Utilities
|
||||||||||||||
Transamerica Series Trust
|
Transamerica Series Trust
|
||||||||||||||
TA AB Dynamic Allocation Initial Class
|
Transamerica AB Dynamic Allocation VP Initial Class
|
||||||||||||||
TA Aegon Government Money Market Initial Class
|
Transamerica Aegon Government Money Market VP Initial Class
|
||||||||||||||
TA Aegon High Yield Bond Initial Class
|
Transamerica Aegon High Yield Bond VP Initial Class
|
||||||||||||||
TA Aegon U.S. Government Securities Initial Class
|
Transamerica Aegon U.S. Government Securities VP Initial Class
|
||||||||||||||
TA Asset Allocation - Conservative Initial Class
|
Transamerica Asset Allocation - Conservative VP Initial Class
|
||||||||||||||
TA Asset Allocation - Growth Initial Class
|
Transamerica Asset Allocation - Growth VP Initial Class
|
||||||||||||||
TA Asset Allocation - Moderate Initial Class
|
Transamerica Asset Allocation - Moderate VP Initial Class
|
||||||||||||||
TA Asset Allocation - Moderate Growth Initial Class
|
Transamerica Asset Allocation - Moderate Growth VP Initial Class
|
||||||||||||||
TA Barrow Hanley Dividend Focused Initial Class
|
Transamerica Barrow Hanley Dividend Focused VP Initial Class
|
||||||||||||||
TA BlackRock Global Allocation Initial Class
|
Transamerica BlackRock Global Allocation VP Initial Class
|
||||||||||||||
TA BlackRock Tactical Allocation Initial Class
|
Transamerica BlackRock Tactical Allocation VP Initial Class
|
||||||||||||||
TA Clarion Global Real Estate Securities Initial Class
|
Transamerica Clarion Global Real Estate Securities VP Initial Class
|
||||||||||||||
TA International Moderate Growth Initial Class
|
Transamerica International Moderate Growth VP Initial Class
|
||||||||||||||
TA Janus Balanced Initial Class
|
Transamerica Janus Balanced VP Initial Class
|
||||||||||||||
TA Janus Mid-Cap Growth Initial Class
|
Transamerica Janus Mid-Cap Growth VP Initial Class
|
||||||||||||||
TA Jennison Growth Initial Class
|
Transamerica Jennison Growth VP Initial Class
|
||||||||||||||
TA JPMorgan Core Bond Initial Class
|
Transamerica JPMorgan Core Bond VP Initial Class
|
||||||||||||||
TA JPMorgan Enhanced Index Initial Class
|
Transamerica JPMorgan Enhanced Index VP Initial Class
|
||||||||||||||
TA JPMorgan Mid Cap Value Initial Class
|
Transamerica JPMorgan Mid Cap Value VP Initial Class
|
||||||||||||||
TA JPMorgan Tactical Allocation Initial Class
|
Transamerica JPMorgan Tactical Allocation VP Initial Class
|
||||||||||||||
TA Managed Risk - Balanced ETF Initial Class
|
Transamerica Managed Risk - Balanced ETF VP Initial Class
|
||||||||||||||
TA Managed Risk - Growth ETF Initial Class
|
Transamerica Managed Risk - Growth ETF VP Initial Class
|
||||||||||||||
TA MFS International Equity Initial Class
|
Transamerica MFS International Equity VP Initial Class
|
||||||||||||||
TA Morgan Stanley Capital Growth Initial Class
|
Transamerica Morgan Stanley Capital Growth VP Initial Class
|
||||||||||||||
TA Multi-Managed Balanced Initial Class
|
Transamerica Multi-Managed Balanced VP Initial Class
|
||||||||||||||
TA PIMCO Tactical - Balanced Initial Class
|
Transamerica PIMCO Tactical - Balanced VP Initial Class
|
||||||||||||||
TA PIMCO Tactical - Conservative Initial Class
|
Transamerica PIMCO Tactical - Conservative VP Initial Class
|
||||||||||||||
TA PIMCO Tactical - Growth Initial Class
|
Transamerica PIMCO Tactical - Growth VP Initial Class
|
||||||||||||||
TA PIMCO Total Return Initial Class
|
Transamerica PIMCO Total Return VP Initial Class
|
||||||||||||||
TA QS Investors Active Asset Allocation - Conservative Initial Class
|
Transamerica QS Investors Active Asset Allocation - Conservative VP Initial Class
|
||||||||||||||
TA QS Investors Active Asset Allocation - Moderate Initial Class
|
Transamerica QS Investors Active Asset Allocation - Moderate VP Initial Class
|
||||||||||||||
TA QS Investors Active Asset Allocation - Moderate Growth Initial Class
|
Transamerica QS Investors Active Asset Allocation - Moderate Growth VP Initial Class
|
||||||||||||||
TA Small/Mid Cap Value Initial Class
|
Transamerica Small/Mid Cap Value VP Initial Class
|
||||||||||||||
TA T. Rowe Price Small Cap Initial Class
|
Transamerica T. Rowe Price Small Cap VP Initial Class
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
1. Organization (continued)
|
|||||||||||||||
Subaccount Investment by Mutual Fund:
|
|||||||||||||||
Subaccount
|
Mutual Fund
|
||||||||||||||
Transamerica Series Trust
|
Transamerica Series Trust
|
||||||||||||||
TA WMC US Growth Initial Class
|
Transamerica WMC US Growth VP Initial Class
|
||||||||||||||
Each period reported on reflects a full twelve month period except as follows:
|
|||||||||||||||
Subaccount
|
Inception Date
|
||||||||||||||
ProFund VP UltraNASDAQ-100
|
April 30, 2012
|
||||||||||||||
The following subaccount name changes were made effective during the fiscal year ended December 31, 2016:
|
|||||||||||||||
Subaccount
|
Formerly
|
||||||||||||||
ProFund VP Government Money Market
|
ProFund VP Money Market
|
||||||||||||||
TA Aegon U.S. Government Securities Initial Class
|
TA Aegon Money Market Initial Class
|
||||||||||||||
TA Janus Mid-Cap Growth Initial Class
|
TA Morgan Stanley Mid-Cap Growth Initial Class
|
||||||||||||||
TA Small/Mid Cap Value Initial Class
|
TA Systematic Small/Mid Cap Value Initial Class
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
Subaccount
|
Purchases
|
Sales
|
||
AB Balanced Wealth Strategy Class B Shares
|
$
|
804,120
|
$
|
725,725
|
Access VP High Yield
|
3,627,529
|
3,095,052
|
||
Fidelity® VIP Contrafund® Service Class 2
|
5,891,857
|
6,158,152
|
||
Fidelity® VIP Equity-Income Service Class 2
|
3,159,758
|
2,765,853
|
||
Fidelity® VIP Growth Opportunities Service Class 2
|
2,028,385
|
2,855,273
|
||
Fidelity® VIP Index 500 Service Class 2
|
13,545,739
|
10,993,939
|
||
Franklin Founding Funds Allocation Class 4 Shares
|
798,608
|
649,446
|
||
ProFund VP Asia 30
|
2,168,679
|
990,213
|
||
ProFund VP Basic Materials
|
2,083,057
|
1,405,639
|
||
ProFund VP Bull
|
5,364,434
|
6,541,487
|
||
ProFund VP Consumer Services
|
1,702,852
|
2,324,362
|
||
ProFund VP Emerging Markets
|
11,498,600
|
10,262,348
|
||
ProFund VP Europe 30
|
887,338
|
961,174
|
||
ProFund VP Falling U.S. Dollar
|
116,942
|
327,470
|
||
ProFund VP Financials
|
1,957,910
|
1,222,472
|
||
ProFund VP Government Money Market
|
43,996,129
|
49,720,753
|
||
ProFund VP International
|
500,318
|
633,135
|
||
ProFund VP Japan
|
1,008,618
|
2,504,104
|
||
ProFund VP Mid-Cap
|
10,174,572
|
7,205,957
|
||
ProFund VP NASDAQ-100
|
30,369,111
|
30,865,881
|
||
ProFund VP Oil & Gas
|
4,657,663
|
4,098,472
|
||
ProFund VP Pharmaceuticals
|
2,518,643
|
4,214,684
|
||
ProFund VP Precious Metals
|
6,442,126
|
4,512,410
|
||
ProFund VP Short Emerging Markets
|
1,736,341
|
1,291,028
|
||
ProFund VP Short International
|
597,208
|
416,512
|
||
ProFund VP Short NASDAQ-100
|
7,009,626
|
6,485,611
|
||
ProFund VP Short Small-Cap
|
4,651,828
|
3,850,469
|
||
ProFund VP Small-Cap
|
6,818,816
|
3,658,241
|
||
ProFund VP Small-Cap Value
|
7,251,565
|
2,865,056
|
||
ProFund VP Telecommunications
|
2,751,134
|
1,526,508
|
||
ProFund VP U.S. Government Plus
|
6,476,820
|
4,236,119
|
||
ProFund VP UltraNASDAQ-100
|
18,875,763
|
21,988,405
|
||
ProFund VP UltraSmall-Cap
|
5,593,509
|
5,619,711
|
||
ProFund VP Utilities
|
5,794,054
|
3,370,233
|
||
TA AB Dynamic Allocation Initial Class
|
865,623
|
1,087,375
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
Subaccount
|
Purchases
|
Sales
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
Year Ended December 31, 2016
|
Year Ended December 31, 2015
|
||||||
Subaccount
|
Units Purchased
|
Units Redeemed and Transferred to/from
|
Net Increase (Decrease)
|
Units Purchased
|
Units Redeemed and Transferred to/from
|
Net Increase (Decrease)
|
|
AB Balanced Wealth Strategy Class B Shares
|
38,142
|
(40,270)
|
(2,128)
|
58,133
|
(24,100)
|
34,033
|
|
Access VP High Yield
|
220,558
|
(190,681)
|
29,877
|
250,622
|
(262,313)
|
(11,691)
|
|
Fidelity® VIP Contrafund® Service Class 2
|
237,579
|
(280,940)
|
(43,361)
|
196,082
|
(260,641)
|
(64,559)
|
|
Fidelity® VIP Equity-Income Service Class 2
|
132,406
|
(138,180)
|
(5,774)
|
70,603
|
(108,483)
|
(37,880)
|
|
Fidelity® VIP Growth Opportunities Service Class 2
|
114,950
|
(187,422)
|
(72,472)
|
83,049
|
(118,310)
|
(35,261)
|
|
Fidelity® VIP Index 500 Service Class 2
|
665,422
|
(522,063)
|
143,359
|
505,263
|
(357,383)
|
147,880
|
|
Franklin Founding Funds Allocation Class 4 Shares
|
39,778
|
(35,947)
|
3,831
|
25,084
|
(37,798)
|
(12,714)
|
|
ProFund VP Asia 30
|
246,908
|
(122,064)
|
124,844
|
123,767
|
(142,174)
|
(18,407)
|
|
ProFund VP Basic Materials
|
211,255
|
(142,263)
|
68,992
|
86,088
|
(124,581)
|
(38,493)
|
|
ProFund VP Bull
|
334,411
|
(431,509)
|
(97,098)
|
445,573
|
(511,135)
|
(65,562)
|
|
ProFund VP Consumer Services
|
78,499
|
(105,330)
|
(26,831)
|
147,351
|
(127,995)
|
19,356
|
|
ProFund VP Emerging Markets
|
1,829,624
|
(1,573,870)
|
255,754
|
173,165
|
(184,597)
|
(11,432)
|
|
ProFund VP Europe 30
|
101,428
|
(114,270)
|
(12,842)
|
133,560
|
(88,002)
|
45,558
|
|
ProFund VP Falling U.S. Dollar
|
17,787
|
(49,536)
|
(31,749)
|
191,484
|
(165,875)
|
25,609
|
|
ProFund VP Financials
|
164,943
|
(114,234)
|
50,709
|
150,113
|
(219,288)
|
(69,175)
|
|
ProFund VP Government Money Market
|
4,487,306
|
(5,059,710)
|
(572,404)
|
5,239,584
|
(5,231,620)
|
7,964
|
|
ProFund VP International
|
62,210
|
(80,027)
|
(17,817)
|
202,629
|
(225,282)
|
(22,653)
|
|
ProFund VP Japan
|
106,450
|
(262,067)
|
(155,617)
|
628,506
|
(475,245)
|
153,261
|
|
ProFund VP Mid-Cap
|
647,870
|
(460,896)
|
186,974
|
272,544
|
(362,207)
|
(89,663)
|
|
ProFund VP NASDAQ-100
|
1,280,605
|
(1,328,262)
|
(47,657)
|
1,659,755
|
(1,882,774)
|
(223,019)
|
|
ProFund VP Oil & Gas
|
579,020
|
(519,113)
|
59,907
|
661,282
|
(491,055)
|
170,227
|
|
ProFund VP Pharmaceuticals
|
99,776
|
(210,369)
|
(110,593)
|
341,186
|
(306,466)
|
34,720
|
|
ProFund VP Precious Metals
|
1,773,466
|
(1,275,991)
|
497,475
|
2,127,769
|
(1,902,334)
|
225,435
|
|
ProFund VP Short Emerging Markets
|
306,138
|
(242,156)
|
63,982
|
515,161
|
(601,490)
|
(86,329)
|
|
ProFund VP Short International
|
122,530
|
(89,347)
|
33,183
|
152,077
|
(173,115)
|
(21,038)
|
|
ProFund VP Short NASDAQ-100
|
3,063,279
|
(2,829,236)
|
234,043
|
1,197,835
|
(1,040,857)
|
156,978
|
|
ProFund VP Short Small-Cap
|
1,880,939
|
(1,643,522)
|
237,417
|
808,615
|
(893,644)
|
(85,029)
|
|
ProFund VP Small-Cap
|
445,446
|
(252,914)
|
192,532
|
492,750
|
(426,602)
|
66,148
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
Year Ended December 31, 2016
|
Year Ended December 31, 2015
|
||||||
Subaccount
|
Units Purchased
|
Units Redeemed and Transferred to/from
|
Net Increase (Decrease)
|
Units Purchased
|
Units Redeemed and Transferred to/from
|
Net Increase (Decrease
|
ProFund VP Small-Cap Value
|
435,597
|
(185,571)
|
250,026
|
355,045
|
(311,620)
|
43,425
|
|
ProFund VP Telecommunications
|
192,338
|
(107,840)
|
84,498
|
60,559
|
(23,500)
|
37,059
|
|
ProFund VP U.S. Government Plus
|
377,067
|
(239,199)
|
137,868
|
226,532
|
(441,851)
|
(215,319)
|
|
ProFund VP UltraNASDAQ-100
|
739,513
|
(912,093)
|
(172,580)
|
1,104,764
|
(1,239,825)
|
(135,061)
|
|
ProFund VP UltraSmall-Cap
|
363,482
|
(384,875)
|
(21,393)
|
435,240
|
(502,214)
|
(66,974)
|
|
ProFund VP Utilities
|
369,505
|
(218,794)
|
150,711
|
216,048
|
(277,212)
|
(61,164)
|
|
TA AB Dynamic Allocation Initial Class
|
60,234
|
(66,690)
|
(6,456)
|
50,998
|
(60,993)
|
(9,995)
|
|
TA Aegon Government Money Market Initial Class
|
1,198,343
|
(1,066,291)
|
132,052
|
1,277,896
|
(923,556)
|
354,340
|
|
TA Aegon High Yield Bond Initial Class
|
526,241
|
(348,327)
|
177,914
|
441,669
|
(465,558)
|
(23,889)
|
|
TA Aegon U.S. Government Securities Initial Class
|
261,038
|
(288,862)
|
(27,824)
|
233,950
|
(169,827)
|
64,123
|
|
TA Asset Allocation - Conservative Initial Class
|
274,913
|
(374,158)
|
(99,245)
|
271,393
|
(400,120)
|
(128,727)
|
|
TA Asset Allocation - Growth Initial Class
|
1,781,245
|
(2,316,635)
|
(535,390)
|
2,422,228
|
(2,842,175)
|
(419,947)
|
|
TA Asset Allocation - Moderate Initial Class
|
445,936
|
(673,041)
|
(227,105)
|
647,247
|
(861,875)
|
(214,628)
|
|
TA Asset Allocation - Moderate Growth Initial Class
|
1,591,454
|
(2,165,803)
|
(574,349)
|
2,265,196
|
(2,814,808)
|
(549,612)
|
|
TA Barrow Hanley Dividend Focused Initial Class
|
428,102
|
(505,252)
|
(77,150)
|
430,338
|
(531,427)
|
(101,089)
|
|
TA BlackRock Global Allocation Initial Class
|
128,608
|
(172,877)
|
(44,269)
|
223,612
|
(224,061)
|
(449)
|
|
TA BlackRock Tactical Allocation Initial Class
|
275,243
|
(404,269)
|
(129,026)
|
291,420
|
(468,518)
|
(177,098)
|
|
TA Clarion Global Real Estate Securities Initial Class
|
360,623
|
(344,075)
|
16,548
|
454,907
|
(347,601)
|
107,306
|
|
TA International Moderate Growth Initial Class
|
103,926
|
(135,988)
|
(32,062)
|
124,757
|
(142,910)
|
(18,153)
|
|
TA Janus Balanced Initial Class
|
102,470
|
(146,286)
|
(43,816)
|
123,504
|
(142,504)
|
(19,000)
|
|
TA Janus Mid-Cap Growth Initial Class
|
1,518,677
|
(1,134,529)
|
384,148
|
2,881,920
|
(1,543,375)
|
1,338,545
|
|
TA Jennison Growth Initial Class
|
302,737
|
(707,188)
|
(404,451)
|
756,387
|
(620,017)
|
136,370
|
|
TA JPMorgan Core Bond Initial Class
|
469,134
|
(265,907)
|
203,227
|
310,320
|
(324,196)
|
(13,876)
|
|
TA JPMorgan Enhanced Index Initial Class
|
118,700
|
(170,313)
|
(51,613)
|
166,667
|
(141,146)
|
25,521
|
|
TA JPMorgan Mid Cap Value Initial Class
|
43,648
|
(60,451)
|
(16,803)
|
47,733
|
(63,787)
|
(16,054)
|
|
TA JPMorgan Tactical Allocation Initial Class
|
484,825
|
(605,556)
|
(120,731)
|
493,809
|
(494,512)
|
(703)
|
|
TA Managed Risk - Balanced ETF Initial Class
|
29,836
|
(21,875)
|
7,961
|
40,163
|
(43,956)
|
(3,793)
|
|
TA Managed Risk - Growth ETF Initial Class
|
113,606
|
(205,947)
|
(92,341)
|
101,258
|
(169,613)
|
(68,355)
|
Year Ended December 31, 2016
|
Year Ended December 31, 2015
|
||||||
Subaccount
|
Units Purchased
|
Units Redeemed and Transferred to/from
|
Net Increase (Decrease)
|
Units Purchased
|
Units Redeemed and Transferred to/from
|
Net Increase (Decrease)
|
TA MFS International Equity Initial Class
|
652,435
|
(727,521)
|
(75,086)
|
828,330
|
(790,952)
|
37,378
|
|
TA Morgan Stanley Capital Growth Initial Class
|
652,088
|
(753,480)
|
(101,392)
|
507,600
|
(326,800)
|
180,800
|
|
TA Multi-Managed Balanced Initial Class
|
450,142
|
(701,572)
|
(251,430)
|
338,006
|
(644,744)
|
(306,738)
|
|
TA PIMCO Tactical - Balanced Initial Class
|
98,881
|
(134,967)
|
(36,086)
|
129,514
|
(157,572)
|
(28,058)
|
|
TA PIMCO Tactical - Conservative Initial Class
|
125,121
|
(179,789)
|
(54,668)
|
157,249
|
(201,171)
|
(43,922)
|
|
TA PIMCO Tactical - Growth Initial Class
|
141,855
|
(198,746)
|
(56,891)
|
174,474
|
(256,289)
|
(81,815)
|
|
TA PIMCO Total Return Initial Class
|
728,980
|
(685,348)
|
43,632
|
626,447
|
(773,874)
|
(147,427)
|
|
TA QS Investors Active Asset Allocation - Conservative Initial Class
|
72,774
|
(90,260)
|
(17,486)
|
270,096
|
(315,098)
|
(45,002)
|
|
TA QS Investors Active Asset Allocation - Moderate Initial Class
|
42,146
|
(59,076)
|
(16,930)
|
68,367
|
(92,045)
|
(23,678)
|
|
TA QS Investors Active Asset Allocation - Moderate Growth Initial Class
|
306,209
|
(563,501)
|
(257,292)
|
400,012
|
(520,131)
|
(120,119)
|
|
TA Small/Mid Cap Value Initial Class
|
973,702
|
(837,964)
|
135,738
|
704,271
|
(878,063)
|
(173,792)
|
|
TA T. Rowe Price Small Cap Initial Class
|
548,165
|
(394,133)
|
154,032
|
804,938
|
(761,649)
|
43,289
|
|
TA Torray Concentrated Growth Initial Class
|
92,779
|
(121,368)
|
(28,589)
|
91,203
|
(76,906)
|
14,297
|
|
TA WMC US Growth Initial Class
|
2,051,746
|
(4,228,480)
|
(2,176,734)
|
4,945,930
|
(7,112,263)
|
(2,166,333)
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
Year Ended December 31, 2016
|
Year Ended December 31, 2015
|
||||||||||||
Subaccount
|
Units Purchased in Dollars
|
Units Redeemed and Transferred to/from in Dollars
|
Dollar Net Increase (Decrease)
|
Units Purchased in Dollars
|
Units Redeemed and Transferred to/from in Dollars
|
Dollar Net Increase (Decrease)
|
|||||||
AB Balanced Wealth Strategy Class B Shares
|
$
|
594,271
|
$
|
(712,861)
|
$
|
(118,590)
|
$
|
1,059,027
|
$
|
(428,988)
|
$
|
630,039
|
|
Access VP High Yield
|
3,523,382
|
(3,079,535)
|
443,847
|
3,848,629
|
(4,117,179)
|
(268,550)
|
|||||||
Fidelity® VIP Contrafund® Service Class 2
|
4,173,548
|
(6,038,548)
|
(1,865,000)
|
3,600,126
|
(5,730,045)
|
(2,129,919)
|
|||||||
Fidelity® VIP Equity-Income Service Class 2
|
2,302,417
|
(2,703,532)
|
(401,115)
|
1,212,482
|
(2,079,484)
|
(867,002)
|
|||||||
Fidelity® VIP Growth Opportunities Service Class 2
|
1,899,144
|
(2,817,129)
|
(917,985)
|
1,368,551
|
(1,799,252)
|
(430,701)
|
|||||||
Fidelity® VIP Index 500 Service Class 2
|
13,189,610
|
(10,861,353)
|
2,328,257
|
10,107,566
|
(7,352,740)
|
2,754,826
|
|||||||
Franklin Founding Funds Allocation Class 4 Shares
|
656,455
|
(638,529)
|
17,926
|
449,292
|
(708,484)
|
(259,192)
|
|||||||
ProFund VP Asia 30
|
2,148,010
|
(976,352)
|
1,171,658
|
1,104,414
|
(1,233,539)
|
(129,125)
|
|||||||
ProFund VP Basic Materials
|
2,082,820
|
(1,393,852)
|
688,968
|
879,956
|
(1,237,035)
|
(357,079)
|
|||||||
ProFund VP Bull
|
5,262,084
|
(6,517,533)
|
(1,255,449)
|
7,134,356
|
(8,096,058)
|
(961,702)
|
|||||||
ProFund VP Consumer Services
|
1,680,098
|
(2,305,942)
|
(625,844)
|
3,259,729
|
(2,822,966)
|
436,763
|
|||||||
ProFund VP Emerging Markets
|
11,506,412
|
(10,239,302)
|
1,267,110
|
1,123,722
|
(1,176,091)
|
(52,369)
|
|||||||
ProFund VP Europe 30
|
860,476
|
(956,450)
|
(95,974)
|
1,234,463
|
(825,774)
|
408,689
|
|||||||
ProFund VP Falling U.S. Dollar
|
117,968
|
(326,040)
|
(208,072)
|
1,320,353
|
(1,140,314)
|
180,039
|
|||||||
ProFund VP Financials
|
1,958,591
|
(1,209,950)
|
748,641
|
1,657,474
|
(2,242,263)
|
(584,789)
|
|||||||
ProFund VP Government Money Market
|
44,044,229
|
(49,651,861)
|
(5,607,632)
|
51,909,443
|
(51,829,872)
|
79,571
|
|||||||
ProFund VP International
|
505,105
|
(628,360)
|
(123,255)
|
1,816,252
|
(1,939,616)
|
(123,364)
|
|||||||
ProFund VP Japan
|
1,013,356
|
(2,497,399)
|
(1,484,043)
|
7,110,052
|
(5,124,652)
|
1,985,400
|
|||||||
ProFund VP Mid-Cap
|
10,042,356
|
(7,179,049)
|
2,863,307
|
4,315,291
|
(5,696,875)
|
(1,381,584)
|
|||||||
ProFund VP NASDAQ-100
|
29,930,180
|
(30,805,738)
|
(875,558)
|
38,585,317
|
(44,391,180)
|
(5,805,863)
|
|||||||
ProFund VP Oil & Gas
|
4,585,063
|
(4,069,767)
|
515,296
|
5,643,721
|
(4,162,295)
|
1,481,426
|
|||||||
ProFund VP Pharmaceuticals
|
2,009,901
|
(4,173,039)
|
(2,163,138)
|
7,053,832
|
(6,269,053)
|
784,779
|
|||||||
ProFund VP Precious Metals
|
6,470,900
|
(4,491,904)
|
1,978,996
|
5,669,328
|
(5,148,704)
|
520,624
|
|||||||
ProFund VP Short Emerging Markets
|
1,739,416
|
(1,287,400)
|
452,016
|
2,744,316
|
(3,106,856)
|
(362,540)
|
|||||||
ProFund VP Short International
|
599,278
|
(413,609)
|
185,669
|
706,195
|
(789,768)
|
(83,573)
|
|||||||
ProFund VP Short NASDAQ-100
|
7,013,048
|
(6,480,510)
|
532,538
|
2,683,591
|
(2,321,184)
|
362,407
|
|||||||
ProFund VP Short Small-Cap
|
4,656,471
|
(3,844,756)
|
811,715
|
1,951,114
|
(2,149,008)
|
(197,894)
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
Year Ended December 31, 2016
|
Year Ended December 31, 2015
|
||||||||||||
Subaccount
|
Units Purchased in Dollars
|
Units Redeemed and Transferred to/from in Dollars
|
Dollar Net Increase (Decrease)
|
Units Purchased in Dollars
|
Units Redeemed and Transferred to/from in Dollars
|
Dollar Net Increase (Decrease)
|
ProFund VP Small-Cap
|
$
|
6,831,948
|
$
|
(3,640,934)
|
$
|
3,191,014
|
$
|
7,850,080
|
$
|
(6,699,412)
|
$
|
1,150,668
|
|
ProFund VP Small-Cap Value
|
7,263,526
|
(2,853,504)
|
4,410,022
|
5,749,239
|
(4,918,956)
|
830,283
|
|||||||
ProFund VP Telecommunications
|
2,720,581
|
(1,517,739)
|
1,202,842
|
751,506
|
(288,371)
|
463,135
|
|||||||
ProFund VP U.S. Government Plus
|
6,504,588
|
(4,207,695)
|
2,296,893
|
3,838,850
|
(7,173,562)
|
(3,334,712)
|
|||||||
ProFund VP UltraNASDAQ-100
|
17,807,016
|
(21,933,204)
|
(4,126,188)
|
27,577,439
|
(29,181,938)
|
(1,604,499)
|
|||||||
ProFund VP UltraSmall-Cap
|
5,615,614
|
(5,596,047)
|
19,567
|
7,062,626
|
(8,377,669)
|
(1,315,043)
|
|||||||
ProFund VP Utilities
|
5,555,301
|
(3,348,013)
|
2,207,288
|
2,970,290
|
(3,682,567)
|
(712,277)
|
|||||||
TA AB Dynamic Allocation Initial Class
|
827,470
|
(1,072,479)
|
(245,009)
|
734,809
|
(1,042,631)
|
(307,822)
|
|||||||
TA Aegon Government Money Market Initial Class
|
16,503,863
|
(17,230,210)
|
(726,347)
|
19,428,604
|
(15,834,464)
|
3,594,140
|
|||||||
TA Aegon High Yield Bond Initial Class
|
9,803,142
|
(6,970,513)
|
2,832,629
|
8,516,237
|
(9,391,631)
|
(875,394)
|
|||||||
TA Aegon U.S. Government Securities Initial Class
|
3,667,304
|
(4,114,664)
|
(447,360)
|
3,191,993
|
(2,457,150)
|
734,843
|
|||||||
TA Asset Allocation - Conservative Initial Class
|
3,955,786
|
(6,238,417)
|
(2,282,631)
|
4,103,312
|
(6,961,279)
|
(2,857,967)
|
|||||||
TA Asset Allocation - Growth Initial Class
|
24,307,112
|
(42,006,252)
|
(17,699,140)
|
34,789,910
|
(54,355,184)
|
(19,565,274)
|
|||||||
TA Asset Allocation - Moderate Initial Class
|
6,356,548
|
(11,736,302)
|
(5,379,754)
|
9,034,674
|
(15,737,067)
|
(6,702,393)
|
|||||||
TA Asset Allocation - Moderate Growth Initial Class
|
21,656,161
|
(39,243,317)
|
(17,587,156)
|
31,641,607
|
(53,386,251)
|
(21,744,644)
|
|||||||
TA Barrow Hanley Dividend Focused Initial Class
|
8,038,926
|
(14,525,224)
|
(6,486,298)
|
8,680,421
|
(16,174,252)
|
(7,493,831)
|
|||||||
TA BlackRock Global Allocation Initial Class
|
1,503,254
|
(2,003,421)
|
(500,167)
|
2,644,772
|
(2,640,276)
|
4,496
|
|||||||
TA BlackRock Tactical Allocation Initial Class
|
3,486,301
|
(5,076,442)
|
(1,590,141)
|
3,684,959
|
(5,870,109)
|
(2,185,150)
|
|||||||
TA Clarion Global Real Estate Securities Initial Class
|
6,069,147
|
(10,172,330)
|
(4,103,183)
|
8,661,299
|
(10,842,159)
|
(2,180,860)
|
|||||||
TA International Moderate Growth Initial Class
|
1,142,726
|
(1,488,437)
|
(345,711)
|
1,441,926
|
(1,640,450)
|
(198,524)
|
|||||||
TA Janus Balanced Initial Class
|
1,304,204
|
(1,914,341)
|
(610,137)
|
1,597,463
|
(1,892,074)
|
(294,611)
|
|||||||
TA Janus Mid-Cap Growth Initial Class
|
23,071,029
|
(47,614,678)
|
(24,543,649)
|
55,146,191
|
(86,161,084)
|
(31,014,893)
|
|||||||
TA Jennison Growth Initial Class
|
5,549,292
|
(13,182,621)
|
(7,633,329)
|
14,552,992
|
(11,575,070)
|
2,977,922
|
|||||||
TA JPMorgan Core Bond Initial Class
|
9,898,095
|
(7,782,167)
|
2,115,928
|
5,403,537
|
(10,094,544)
|
(4,691,007)
|
|||||||
TA JPMorgan Enhanced Index Initial Class
|
2,553,548
|
(3,558,770)
|
(1,005,222)
|
3,452,057
|
(3,026,952)
|
425,105
|
|||||||
TA JPMorgan Mid Cap Value Initial Class
|
954,535
|
(1,896,765)
|
(942,230)
|
1,040,454
|
(2,016,278)
|
(975,824)
|
|||||||
TA JPMorgan Tactical Allocation Initial Class
|
7,384,652
|
(14,370,591)
|
(6,985,939)
|
8,115,671
|
(12,576,255)
|
(4,460,584)
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
Year Ended December 31, 2016
|
Year Ended December 31, 2015
|
||||||||||||
Subaccount
|
Units Purchased in Dollars
|
Units Redeemed and Transferred to/from in Dollars
|
Dollar Net Increase (Decrease)
|
Units Purchased in Dollars
|
Units Redeemed and Transferred to/from in Dollars
|
Dollar Net Increase (Decrease)
|
TA Managed Risk - Balanced ETF Initial Class
|
$
|
384,484
|
$
|
(280,836)
|
$
|
103,648
|
$
|
523,103
|
$
|
(573,851)
|
$
|
(50,748)
|
|
TA Managed Risk - Growth ETF Initial Class
|
1,482,759
|
(2,674,794)
|
(1,192,035)
|
1,347,973
|
(2,251,828)
|
(903,855)
|
|||||||
TA MFS International Equity Initial Class
|
7,393,123
|
(11,146,808)
|
(3,753,685)
|
11,065,884
|
(12,045,655)
|
(979,771)
|
|||||||
TA Morgan Stanley Capital Growth Initial Class
|
13,662,400
|
(20,847,650)
|
(7,185,250)
|
11,854,516
|
(9,017,296)
|
2,837,220
|
|||||||
TA Multi-Managed Balanced Initial Class
|
8,137,669
|
(16,158,051)
|
(8,020,382)
|
6,471,556
|
(14,799,790)
|
(8,328,234)
|
|||||||
TA PIMCO Tactical - Balanced Initial Class
|
1,182,317
|
(1,658,883)
|
(476,566)
|
1,570,858
|
(1,959,460)
|
(388,602)
|
|||||||
TA PIMCO Tactical - Conservative Initial Class
|
1,426,682
|
(2,119,411)
|
(692,729)
|
1,811,284
|
(2,389,248)
|
(577,964)
|
|||||||
TA PIMCO Tactical - Growth Initial Class
|
1,581,300
|
(2,334,356)
|
(753,056)
|
1,990,154
|
(3,090,712)
|
(1,100,558)
|
|||||||
TA PIMCO Total Return Initial Class
|
11,054,273
|
(10,938,550)
|
115,723
|
9,623,362
|
(12,637,853)
|
(3,014,491)
|
|||||||
TA QS Investors Active Asset Allocation - Conservative Initial Class
|
835,665
|
(1,025,361)
|
(189,696)
|
3,132,582
|
(3,598,636)
|
(466,054)
|
|||||||
TA QS Investors Active Asset Allocation - Moderate Initial Class
|
487,196
|
(673,941)
|
(186,745)
|
809,640
|
(1,081,657)
|
(272,017)
|
|||||||
TA QS Investors Active Asset Allocation - Moderate Growth Initial Class
|
3,513,741
|
(6,399,350)
|
(2,885,609)
|
4,840,621
|
(6,203,545)
|
(1,362,924)
|
|||||||
TA Small/Mid Cap Value Initial Class
|
18,776,287
|
(24,263,451)
|
(5,487,164)
|
13,877,504
|
(26,383,303)
|
(12,505,799)
|
|||||||
TA T. Rowe Price Small Cap Initial Class
|
12,730,351
|
(10,301,576)
|
2,428,775
|
20,110,168
|
(20,007,350)
|
102,818
|
|||||||
TA Torray Concentrated Growth Initial Class
|
1,953,915
|
(2,824,930)
|
(871,015)
|
2,037,149
|
(1,878,846)
|
158,303
|
|||||||
TA WMC US Growth Initial Class
|
37,647,906
|
(98,924,983)
|
(61,277,077)
|
100,084,227
|
(167,552,213)
|
(67,467,986)
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
5. Financial Highlights
|
The Separate Account offers various death benefit options, which have differing fees that are charged against the contract owner's account balance. These charges are discussed in more detail in the individual's policy. Differences in the fee structures for these units result in different unit values, expense ratios, and total returns.
At December 31
|
For the Year Ended December 31
|
||||||||||||||||||
Unit Fair Value
|
Expense
|
Total Return***
|
|||||||||||||||||
Corresponding to
|
Investment
|
Ratio**
|
Corresponding to
|
||||||||||||||||
Lowest to Highest
|
Net
|
Income
|
Lowest to
|
Lowest to Highest
|
|||||||||||||||
Subaccount
|
Units
|
Expense Ratio
|
Assets
|
Ratio*
|
Highest
|
Expense Ratio
|
|||||||||||||
AB Balanced Wealth Strategy Class B Shares
|
|||||||||||||||||||
12/31/2016
|
140,901
|
$20.02
|
to
|
$17.86
|
$ 2,528,013
|
1.83
|
%
|
0.00
|
%
|
to
|
1.50
|
%
|
4.44
|
%
|
to
|
2.90
|
|||
12/31/2015
|
143,029
|
19.17
|
to
|
17.35
|
2,554,505
|
2.11
|
0.00
|
to
|
1.50
|
1.29
|
to
|
(0.20)
|
|||||||
12/31/2014
|
108,996
|
18.92
|
to
|
17.39
|
1,932,859
|
2.49
|
0.00
|
to
|
1.50
|
7.11
|
to
|
5.53
|
|||||||
12/31/2013
|
96,496
|
17.67
|
to
|
16.48
|
1,637,100
|
2.44
|
0.00
|
to
|
1.50
|
16.27
|
to
|
14.55
|
|||||||
12/31/2012
|
62,778
|
15.19
|
to
|
14.39
|
924,351
|
1.93
|
0.00
|
to
|
1.50
|
13.38
|
to
|
11.69
|
|||||||
Access VP High Yield
|
|||||||||||||||||||
12/31/2016
|
201,970
|
19.56
|
to
|
16.98
|
3,508,714
|
3.10
|
0.00
|
to
|
1.50
|
9.00
|
to
|
7.39
|
|||||||
12/31/2015
|
172,093
|
17.95
|
to
|
15.81
|
2,791,841
|
3.70
|
0.00
|
to
|
1.50
|
0.15
|
to
|
(1.33)
|
|||||||
12/31/2014
|
183,784
|
17.92
|
to
|
16.02
|
3,082,825
|
3.53
|
0.00
|
to
|
1.50
|
2.34
|
to
|
0.83
|
|||||||
12/31/2013
|
354,737
|
17.51
|
to
|
15.89
|
5,908,320
|
2.62
|
0.00
|
to
|
1.50
|
10.02
|
to
|
8.39
|
|||||||
12/31/2012
|
237,872
|
15.92
|
to
|
14.66
|
3,628,088
|
4.52
|
0.00
|
to
|
1.50
|
14.12
|
to
|
12.43
|
|||||||
Fidelity® VIP Contrafund® Service Class 2
|
|||||||||||||||||||
12/31/2016
|
941,893
|
16.78
|
to
|
23.47
|
20,270,933
|
0.62
|
0.30
|
to
|
0.90
|
7.41
|
to
|
6.77
|
|||||||
12/31/2015
|
985,254
|
15.63
|
to
|
21.99
|
20,862,584
|
0.78
|
0.30
|
to
|
0.90
|
0.12
|
to
|
(0.48)
|
|||||||
12/31/2014
|
1,049,813
|
15.61
|
to
|
22.09
|
23,090,070
|
0.76
|
0.30
|
to
|
0.90
|
11.32
|
to
|
10.66
|
|||||||
12/31/2013
|
1,061,778
|
14.02
|
to
|
19.96
|
21,199,390
|
0.85
|
0.30
|
to
|
0.90
|
30.56
|
to
|
29.79
|
|||||||
12/31/2012
|
1,082,284
|
10.74
|
to
|
15.38
|
16,648,396
|
1.12
|
0.30
|
to
|
0.90
|
15.79
|
to
|
15.10
|
|||||||
Fidelity® VIP Equity-Income Service Class 2
|
|||||||||||||||||||
12/31/2016
|
529,514
|
17.22
|
to
|
21.80
|
11,037,774
|
2.18
|
0.30
|
to
|
0.90
|
17.36
|
to
|
16.66
|
|||||||
12/31/2015
|
535,288
|
14.68
|
to
|
18.68
|
9,857,106
|
2.90
|
0.30
|
to
|
0.90
|
(4.52)
|
to
|
(5.09)
|
|||||||
12/31/2014
|
573,168
|
15.37
|
to
|
19.69
|
11,271,545
|
2.63
|
0.30
|
to
|
0.90
|
8.16
|
to
|
7.51
|
|||||||
12/31/2013
|
627,239
|
14.21
|
to
|
18.31
|
11,485,921
|
2.43
|
0.30
|
to
|
0.90
|
27.44
|
to
|
26.69
|
|||||||
12/31/2012
|
592,401
|
11.15
|
to
|
14.45
|
8,562,126
|
2.95
|
0.30
|
to
|
0.90
|
16.70
|
to
|
16.01
|
|||||||
Fidelity® VIP Growth Opportunities Service Class 2
|
|||||||||||||||||||
12/31/2016
|
385,655
|
18.52
|
to
|
15.27
|
6,152,567
|
0.05
|
0.30
|
to
|
0.90
|
(0.24)
|
to
|
(0.83)
|
|||||||
12/31/2015
|
458,127
|
18.56
|
to
|
15.39
|
7,155,211
|
-
|
0.30
|
to
|
0.90
|
5.03
|
to
|
4.40
|
|||||||
12/31/2014
|
493,388
|
17.67
|
to
|
14.74
|
7,282,450
|
0.01
|
0.30
|
to
|
0.90
|
11.61
|
to
|
10.95
|
|||||||
12/31/2013
|
495,704
|
15.84
|
to
|
13.29
|
6,587,747
|
0.05
|
0.30
|
to
|
0.90
|
37.13
|
to
|
36.31
|
|||||||
12/31/2012
|
494,270
|
11.55
|
to
|
9.75
|
4,818,399
|
0.15
|
0.30
|
to
|
0.90
|
18.96
|
to
|
18.25
|
|||||||
Fidelity® VIP Index 500 Service Class 2
|
|||||||||||||||||||
12/31/2016
|
1,575,244
|
19.62
|
to
|
18.34
|
35,119,328
|
1.40
|
0.00
|
to
|
1.50
|
11.58
|
to
|
9.94
|
|||||||
12/31/2015
|
1,431,885
|
17.59
|
to
|
16.68
|
29,355,484
|
1.82
|
0.00
|
to
|
1.50
|
1.08
|
to
|
(0.41)
|
|||||||
12/31/2014
|
1,284,005
|
17.40
|
to
|
16.75
|
26,601,866
|
1.65
|
0.00
|
to
|
1.50
|
13.29
|
to
|
11.61
|
|||||||
12/31/2013
|
1,059,391
|
15.36
|
to
|
15.01
|
19,728,648
|
1.84
|
0.00
|
to
|
1.50
|
31.91
|
to
|
29.96
|
|||||||
12/31/2012
|
876,617
|
11.64
|
to
|
11.55
|
12,543,718
|
2.08
|
0.00
|
to
|
1.50
|
15.63
|
to
|
13.91
|
|||||||
Franklin Founding Funds Allocation Class 4 Shares
|
|||||||||||||||||||
12/31/2016
|
125,006
|
21.69
|
to
|
19.35
|
2,439,233
|
3.67
|
0.00
|
to
|
1.50
|
12.92
|
to
|
11.26
|
|||||||
12/31/2015
|
121,175
|
19.21
|
to
|
17.39
|
2,174,203
|
2.75
|
0.00
|
to
|
1.50
|
(6.24)
|
to
|
(7.63)
|
|||||||
12/31/2014
|
133,889
|
20.49
|
to
|
18.83
|
2,597,442
|
2.76
|
0.00
|
to
|
1.50
|
2.75
|
to
|
1.23
|
|||||||
12/31/2013
|
114,612
|
19.94
|
to
|
18.60
|
2,194,012
|
10.64
|
0.00
|
to
|
1.50
|
23.68
|
to
|
21.85
|
|||||||
12/31/2012
|
67,298
|
16.12
|
to
|
15.27
|
1,050,329
|
2.54
|
0.00
|
to
|
1.50
|
15.17
|
to
|
13.46
|
|||||||
ProFund VP Asia 30
|
|||||||||||||||||||
12/31/2016
|
560,320
|
8.49
|
to
|
8.76
|
4,476,330
|
1.03
|
0.00
|
to
|
1.50
|
0.64
|
to
|
(0.84)
|
|||||||
12/31/2015
|
435,476
|
8.44
|
to
|
8.83
|
3,462,185
|
0.28
|
0.00
|
to
|
1.50
|
(9.38)
|
to
|
(10.72)
|
|||||||
12/31/2014
|
453,883
|
9.31
|
to
|
9.89
|
4,005,729
|
0.07
|
0.00
|
to
|
1.50
|
(1.57)
|
to
|
(3.02)
|
|||||||
12/31/2013
|
578,009
|
9.46
|
to
|
10.20
|
5,217,606
|
0.06
|
0.00
|
to
|
1.50
|
14.97
|
to
|
13.27
|
|||||||
12/31/2012
|
542,558
|
8.23
|
to
|
9.01
|
4,292,528
|
-
|
0.00
|
to
|
1.50
|
15.48
|
to
|
13.76
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
5.
|
Financial Highlights (continued)
|
At December 31
|
For the Year Ended December 31
|
||||||||||||||||||
Unit Fair Value
|
Expense
|
Total Return***
|
|||||||||||||||||
Corresponding to
|
Investment
|
Ratio**
|
Corresponding to
|
||||||||||||||||
Lowest to Highest
|
Net
|
Income
|
Lowest to
|
Lowest to Highest
|
|||||||||||||||
Subaccount
|
Units
|
Expense Ratio
|
Assets
|
Ratio*
|
Highest
|
Expense Ratio
|
|||||||||||||
ProFund VP Basic Materials
|
|||||||||||||||||||
12/31/2016
|
342,923
|
$11.12
|
to
|
$9.95
|
$ 3,568,051
|
0.40
|
%
|
0.00
|
%
|
to
|
1.50
|
%
|
18.49
|
%
|
to
|
16.74
|
|||
12/31/2015
|
273,931
|
9.38
|
to
|
8.52
|
2,414,831
|
0.59
|
0.00
|
to
|
1.50
|
(13.92)
|
to
|
(15.19)
|
|||||||
12/31/2014
|
312,424
|
10.90
|
to
|
10.05
|
3,214,324
|
0.58
|
0.00
|
to
|
1.50
|
1.69
|
to
|
0.18
|
|||||||
12/31/2013
|
382,073
|
10.72
|
to
|
10.03
|
3,893,330
|
0.95
|
0.00
|
to
|
1.50
|
18.43
|
to
|
16.68
|
|||||||
12/31/2012
|
495,453
|
9.05
|
to
|
8.59
|
4,299,388
|
0.32
|
0.00
|
to
|
1.50
|
8.49
|
to
|
6.87
|
|||||||
ProFund VP Bull
|
|||||||||||||||||||
12/31/2016
|
331,447
|
16.75
|
to
|
16.01
|
5,644,107
|
-
|
0.00
|
to
|
1.50
|
9.66
|
to
|
8.04
|
|||||||
12/31/2015
|
428,545
|
15.27
|
to
|
14.81
|
6,714,298
|
-
|
0.00
|
to
|
1.50
|
(0.46)
|
to
|
(1.93)
|
|||||||
12/31/2014
|
494,107
|
15.34
|
to
|
15.11
|
7,847,701
|
-
|
0.00
|
to
|
1.50
|
11.47
|
to
|
9.82
|
|||||||
12/31/2013
|
379,024
|
13.76
|
to
|
13.75
|
5,456,864
|
-
|
0.00
|
to
|
1.50
|
29.76
|
to
|
27.84
|
|||||||
12/31/2012
|
225,815
|
10.61
|
to
|
10.76
|
2,527,591
|
-
|
0.00
|
to
|
1.50
|
13.89
|
to
|
12.20
|
|||||||
ProFund VP Consumer Services
|
|||||||||||||||||||
12/31/2016
|
163,438
|
24.96
|
to
|
24.54
|
3,722,987
|
-
|
0.00
|
to
|
1.50
|
4.18
|
to
|
2.65
|
|||||||
12/31/2015
|
190,269
|
23.96
|
to
|
23.91
|
4,223,671
|
-
|
0.00
|
to
|
1.50
|
4.69
|
to
|
3.14
|
|||||||
12/31/2014
|
170,913
|
22.89
|
to
|
23.18
|
3,676,431
|
-
|
0.00
|
to
|
1.50
|
12.46
|
to
|
10.80
|
|||||||
12/31/2013
|
174,922
|
20.35
|
to
|
20.92
|
3,394,209
|
0.23
|
0.00
|
to
|
1.50
|
39.87
|
to
|
37.80
|
|||||||
12/31/2012
|
117,709
|
14.55
|
to
|
15.18
|
1,646,930
|
-
|
0.00
|
to
|
1.50
|
22.10
|
to
|
20.29
|
|||||||
ProFund VP Emerging Markets
|
|||||||||||||||||||
12/31/2016
|
717,341
|
6.41
|
to
|
6.33
|
4,420,456
|
0.22
|
0.00
|
to
|
1.50
|
11.01
|
to
|
9.37
|
|||||||
12/31/2015
|
461,587
|
5.77
|
to
|
5.78
|
2,529,081
|
0.96
|
0.00
|
to
|
1.50
|
(17.36)
|
to
|
(18.59)
|
|||||||
12/31/2014
|
473,019
|
6.98
|
to
|
7.10
|
3,137,159
|
0.18
|
0.00
|
to
|
1.50
|
(3.42)
|
to
|
(4.85)
|
|||||||
12/31/2013
|
763,357
|
7.23
|
to
|
7.47
|
5,251,045
|
0.62
|
0.00
|
to
|
1.50
|
(6.42)
|
to
|
(7.81)
|
|||||||
12/31/2012
|
1,236,122
|
7.73
|
to
|
8.10
|
9,160,476
|
1.06
|
0.00
|
to
|
1.50
|
6.57
|
to
|
4.99
|
|||||||
ProFund VP Europe 30
|
|||||||||||||||||||
12/31/2016
|
123,591
|
9.32
|
to
|
8.53
|
1,090,839
|
3.01
|
0.00
|
to
|
1.50
|
7.81
|
to
|
6.22
|
|||||||
12/31/2015
|
136,433
|
8.65
|
to
|
8.03
|
1,117,414
|
4.75
|
0.00
|
to
|
1.50
|
(10.88)
|
to
|
(12.20)
|
|||||||
12/31/2014
|
90,875
|
9.70
|
to
|
9.14
|
840,921
|
0.95
|
0.00
|
to
|
1.50
|
(8.65)
|
to
|
(10.00)
|
|||||||
12/31/2013
|
70,112
|
10.62
|
to
|
10.16
|
710,051
|
0.36
|
0.00
|
to
|
1.50
|
21.64
|
to
|
19.84
|
|||||||
12/31/2012
|
227,698
|
8.73
|
to
|
8.48
|
1,908,666
|
2.21
|
0.00
|
to
|
1.50
|
16.60
|
to
|
14.86
|
|||||||
ProFund VP Falling U.S. Dollar
|
|||||||||||||||||||
12/31/2016
|
44,786
|
6.45
|
to
|
5.58
|
275,533
|
-
|
0.00
|
to
|
1.50
|
(5.86)
|
to
|
(7.25)
|
|||||||
12/31/2015
|
76,535
|
6.85
|
to
|
6.01
|
505,042
|
-
|
0.00
|
to
|
1.50
|
(10.01)
|
to
|
(11.34)
|
|||||||
12/31/2014
|
50,926
|
7.61
|
to
|
6.78
|
369,511
|
-
|
0.00
|
to
|
1.50
|
(12.60)
|
to
|
(13.89)
|
|||||||
12/31/2013
|
91,312
|
8.71
|
to
|
7.87
|
757,593
|
-
|
0.00
|
to
|
1.50
|
(2.01)
|
to
|
(3.46)
|
|||||||
12/31/2012
|
68,179
|
8.89
|
to
|
8.16
|
581,557
|
-
|
0.00
|
to
|
1.50
|
(0.77)
|
to
|
(2.24)
|
|||||||
ProFund VP Financials
|
|||||||||||||||||||
12/31/2016
|
338,073
|
12.43
|
to
|
14.04
|
4,108,516
|
0.34
|
0.00
|
to
|
1.50
|
15.32
|
to
|
13.62
|
|||||||
12/31/2015
|
287,364
|
10.78
|
to
|
12.36
|
2,994,973
|
0.34
|
0.00
|
to
|
1.50
|
(1.49)
|
to
|
(2.95)
|
|||||||
12/31/2014
|
356,539
|
10.94
|
to
|
12.74
|
3,733,080
|
0.21
|
0.00
|
to
|
1.50
|
12.92
|
to
|
11.25
|
|||||||
12/31/2013
|
384,821
|
9.69
|
to
|
11.45
|
3,559,313
|
0.33
|
0.00
|
to
|
1.50
|
32.08
|
to
|
30.13
|
|||||||
12/31/2012
|
291,521
|
7.33
|
to
|
8.80
|
2,057,578
|
0.15
|
0.00
|
to
|
1.50
|
24.73
|
to
|
22.88
|
|||||||
ProFund VP Government Money Market
|
|||||||||||||||||||
12/31/2016
|
1,058,271
|
10.55
|
to
|
8.84
|
10,369,020
|
0.02
|
0.00
|
to
|
1.50
|
0.02
|
to
|
(1.45)
|
|||||||
12/31/2015
|
1,630,675
|
10.55
|
to
|
8.97
|
16,093,644
|
0.02
|
0.00
|
to
|
1.50
|
0.02
|
to
|
(1.45)
|
|||||||
12/31/2014
|
1,622,711
|
10.55
|
to
|
9.11
|
16,150,205
|
0.02
|
0.00
|
to
|
1.50
|
0.02
|
to
|
(1.46)
|
|||||||
12/31/2013
|
1,587,303
|
10.55
|
to
|
9.24
|
15,951,315
|
0.02
|
0.00
|
to
|
1.50
|
0.02
|
to
|
(1.46)
|
|||||||
12/31/2012
|
1,666,459
|
10.54
|
to
|
9.38
|
16,875,141
|
0.02
|
0.00
|
to
|
1.50
|
0.02
|
to
|
(1.47)
|
|||||||
ProFund VP International
|
|||||||||||||||||||
12/31/2016
|
144,517
|
8.46
|
to
|
8.05
|
1,166,852
|
-
|
0.00
|
to
|
1.50
|
(0.93)
|
to
|
(2.39)
|
|||||||
12/31/2015
|
162,334
|
8.54
|
to
|
8.24
|
1,319,773
|
-
|
0.00
|
to
|
1.50
|
(3.52)
|
to
|
(4.95)
|
|||||||
12/31/2014
|
184,987
|
8.85
|
to
|
8.67
|
1,559,803
|
-
|
0.00
|
to
|
1.50
|
(8.11)
|
to
|
(9.47)
|
|||||||
12/31/2013
|
297,995
|
9.64
|
to
|
9.58
|
2,733,179
|
-
|
0.00
|
to
|
1.50
|
19.49
|
to
|
17.73
|
|||||||
12/31/2012
|
273,373
|
8.06
|
to
|
8.14
|
2,114,787
|
-
|
0.00
|
to
|
1.50
|
15.93
|
to
|
14.21
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
5.
|
Financial Highlights (continued)
|
At December 31
|
For the Year Ended December 31
|
|||||||||||||||||||
Unit Fair Value
|
Expense
|
Total Return***
|
||||||||||||||||||
Corresponding to
|
Investment
|
Ratio**
|
Corresponding to
|
|||||||||||||||||
Lowest to Highest
|
Net
|
Income
|
Lowest to
|
Lowest to Highest
|
||||||||||||||||
Subaccount
|
Units
|
Expense Ratio
|
Assets
|
Ratio*
|
Highest
|
Expense Ratio
|
||||||||||||||
ProFund VP Japan
|
||||||||||||||||||||
12/31/2016
|
103,751
|
$10.99
|
to
|
$10.00
|
$ 1,119,515
|
-
|
%
|
0.00
|
%
|
to
|
1.50
|
%
|
0.41
|
%
|
to
|
(1.07)
|
%
|
|||
12/31/2015
|
259,368
|
10.94
|
to
|
10.11
|
2,766,547
|
-
|
0.00
|
to
|
1.50
|
5.81
|
to
|
4.25
|
||||||||
12/31/2014
|
106,107
|
10.34
|
to
|
9.69
|
1,054,285
|
-
|
0.00
|
to
|
1.50
|
3.23
|
to
|
1.70
|
||||||||
12/31/2013
|
264,230
|
10.02
|
to
|
9.53
|
2,520,139
|
-
|
0.00
|
to
|
1.50
|
48.24
|
to
|
46.05
|
||||||||
12/31/2012
|
35,668
|
6.76
|
to
|
6.53
|
231,290
|
-
|
0.00
|
to
|
1.50
|
22.95
|
to
|
21.12
|
||||||||
ProFund VP Mid-Cap
|
||||||||||||||||||||
12/31/2016
|
391,109
|
18.88
|
to
|
17.39
|
6,758,644
|
-
|
0.00
|
to
|
1.50
|
18.19
|
to
|
16.44
|
||||||||
12/31/2015
|
204,135
|
15.97
|
to
|
14.93
|
3,034,728
|
-
|
0.00
|
to
|
1.50
|
(4.45)
|
to
|
(5.86)
|
||||||||
12/31/2014
|
293,798
|
16.72
|
to
|
15.86
|
4,612,463
|
-
|
0.00
|
to
|
1.50
|
7.65
|
to
|
6.06
|
||||||||
12/31/2013
|
354,544
|
15.53
|
to
|
14.96
|
5,239,823
|
-
|
0.00
|
to
|
1.50
|
30.79
|
to
|
28.86
|
||||||||
12/31/2012
|
415,231
|
11.87
|
to
|
11.61
|
4,734,725
|
-
|
0.00
|
to
|
1.50
|
15.54
|
to
|
13.82
|
||||||||
ProFund VP NASDAQ-100
|
||||||||||||||||||||
12/31/2016
|
397,360
|
25.82
|
to
|
22.02
|
10,123,687
|
-
|
0.00
|
to
|
1.50
|
5.26
|
to
|
3.70
|
||||||||
12/31/2015
|
445,017
|
24.53
|
to
|
21.24
|
10,857,808
|
-
|
0.00
|
to
|
1.50
|
7.45
|
to
|
5.87
|
||||||||
12/31/2014
|
668,036
|
22.83
|
to
|
20.06
|
15,744,895
|
-
|
0.00
|
to
|
1.50
|
17.01
|
to
|
15.28
|
||||||||
12/31/2013
|
370,711
|
19.51
|
to
|
17.40
|
7,650,822
|
-
|
0.00
|
to
|
1.50
|
34.27
|
to
|
32.29
|
||||||||
12/31/2012
|
394,212
|
14.53
|
to
|
13.15
|
6,111,813
|
-
|
0.00
|
to
|
1.50
|
16.23
|
to
|
14.51
|
||||||||
ProFund VP Oil & Gas
|
||||||||||||||||||||
12/31/2016
|
960,671
|
9.64
|
to
|
7.85
|
8,659,629
|
1.41
|
0.00
|
to
|
1.50
|
24.18
|
to
|
22.35
|
||||||||
12/31/2015
|
900,764
|
7.76
|
to
|
6.42
|
6,554,109
|
0.62
|
0.00
|
to
|
1.50
|
(23.37)
|
to
|
(24.51)
|
||||||||
12/31/2014
|
730,537
|
10.13
|
to
|
8.50
|
6,968,686
|
0.40
|
0.00
|
to
|
1.50
|
(10.87)
|
to
|
(12.19)
|
||||||||
12/31/2013
|
716,936
|
11.36
|
to
|
9.68
|
7,726,500
|
0.42
|
0.00
|
to
|
1.50
|
24.07
|
to
|
22.24
|
||||||||
12/31/2012
|
790,956
|
9.16
|
to
|
7.92
|
6,935,800
|
0.11
|
0.00
|
to
|
1.50
|
2.90
|
to
|
1.37
|
||||||||
ProFund VP Pharmaceuticals
|
||||||||||||||||||||
12/31/2016
|
345,205
|
20.94
|
to
|
19.67
|
6,749,993
|
0.94
|
0.00
|
to
|
1.50
|
(3.73)
|
to
|
(5.15)
|
||||||||
12/31/2015
|
455,798
|
21.75
|
to
|
20.74
|
9,303,317
|
0.48
|
0.00
|
to
|
1.50
|
4.44
|
to
|
2.90
|
||||||||
12/31/2014
|
421,078
|
20.82
|
to
|
20.16
|
8,282,932
|
0.70
|
0.00
|
to
|
1.50
|
19.36
|
to
|
17.60
|
||||||||
12/31/2013
|
272,535
|
17.45
|
to
|
17.14
|
4,526,613
|
1.57
|
0.00
|
to
|
1.50
|
31.63
|
to
|
29.68
|
||||||||
12/31/2012
|
203,390
|
13.25
|
to
|
13.22
|
2,587,654
|
1.19
|
0.00
|
to
|
1.50
|
11.85
|
to
|
10.19
|
||||||||
ProFund VP Precious Metals
|
||||||||||||||||||||
12/31/2016
|
1,777,677
|
3.67
|
to
|
3.48
|
6,099,905
|
-
|
0.00
|
to
|
1.50
|
55.81
|
to
|
53.52
|
||||||||
12/31/2015
|
1,280,202
|
2.35
|
to
|
2.26
|
2,835,371
|
-
|
0.00
|
to
|
1.50
|
(32.85)
|
to
|
(33.85)
|
||||||||
12/31/2014
|
1,054,767
|
3.51
|
to
|
3.42
|
3,496,463
|
-
|
0.00
|
to
|
1.50
|
(23.86)
|
to
|
(24.99)
|
||||||||
12/31/2013
|
888,589
|
4.61
|
to
|
4.56
|
3,896,411
|
-
|
0.00
|
to
|
1.50
|
(37.94)
|
to
|
(38.86)
|
||||||||
12/31/2012
|
1,046,238
|
7.42
|
to
|
7.46
|
7,452,780
|
-
|
0.00
|
to
|
1.50
|
(14.55)
|
to
|
(15.82)
|
||||||||
ProFund VP Short Emerging Markets
|
||||||||||||||||||||
12/31/2016
|
186,560
|
4.82
|
to
|
3.95
|
947,222
|
-
|
0.00
|
to
|
1.50
|
(16.24)
|
to
|
(17.48)
|
||||||||
12/31/2015
|
122,578
|
5.75
|
to
|
4.78
|
724,605
|
-
|
0.00
|
to
|
1.50
|
11.52
|
to
|
9.87
|
||||||||
12/31/2014
|
208,907
|
5.16
|
to
|
4.35
|
1,039,511
|
-
|
0.00
|
to
|
1.50
|
(2.93)
|
to
|
(4.36)
|
||||||||
12/31/2013
|
83,885
|
5.32
|
to
|
4.55
|
421,715
|
-
|
0.00
|
to
|
1.50
|
(0.23)
|
to
|
(1.70)
|
||||||||
12/31/2012
|
82,268
|
5.33
|
to
|
4.63
|
419,101
|
-
|
0.00
|
to
|
1.50
|
(13.04)
|
to
|
(14.34)
|
||||||||
ProFund VP Short International
|
||||||||||||||||||||
12/31/2016
|
128,281
|
4.58
|
to
|
3.78
|
560,218
|
-
|
0.00
|
to
|
1.50
|
(5.90)
|
to
|
(7.28)
|
||||||||
12/31/2015
|
95,098
|
4.87
|
to
|
4.07
|
439,797
|
-
|
0.00
|
to
|
1.50
|
(3.78)
|
to
|
(5.20)
|
||||||||
12/31/2014
|
116,136
|
5.06
|
to
|
4.30
|
555,329
|
-
|
0.00
|
to
|
1.50
|
2.80
|
to
|
1.28
|
||||||||
12/31/2013
|
91,408
|
4.92
|
to
|
4.24
|
425,812
|
-
|
0.00
|
to
|
1.50
|
(21.01)
|
to
|
(22.18)
|
||||||||
12/31/2012
|
91,105
|
6.23
|
to
|
5.45
|
543,662
|
-
|
0.00
|
to
|
1.50
|
(20.15)
|
to
|
(21.34)
|
||||||||
ProFund VP Short NASDAQ-100
|
||||||||||||||||||||
12/31/2016
|
596,809
|
1.93
|
to
|
1.75
|
1,126,767
|
-
|
0.00
|
to
|
1.50
|
(10.06)
|
to
|
(11.39)
|
||||||||
12/31/2015
|
362,766
|
2.15
|
to
|
1.97
|
750,478
|
-
|
0.00
|
to
|
1.50
|
(13.04)
|
to
|
(14.33)
|
||||||||
12/31/2014
|
205,788
|
2.47
|
to
|
2.30
|
487,879
|
-
|
0.00
|
to
|
1.50
|
(19.38)
|
to
|
(20.57)
|
||||||||
12/31/2013
|
198,467
|
3.07
|
to
|
2.90
|
578,643
|
-
|
0.00
|
to
|
1.50
|
(29.40)
|
to
|
(30.45)
|
||||||||
12/31/2012
|
220,406
|
4.34
|
to
|
4.17
|
918,403
|
-
|
0.00
|
to
|
1.50
|
(18.79)
|
to
|
(20.00)
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
5.
|
Financial Highlights (continued)
|
At December 31
|
For the Year Ended December 31
|
|||||||||||||||||||
Unit Fair Value
|
Expense
|
Total Return***
|
||||||||||||||||||
Corresponding to
|
Investment
|
Ratio**
|
Corresponding to
|
|||||||||||||||||
Lowest to Highest
|
Net
|
Income
|
Lowest to
|
Lowest to Highest
|
||||||||||||||||
Subaccount
|
Units
|
Expense Ratio
|
Assets
|
Ratio*
|
Highest
|
Expense Ratio
|
||||||||||||||
ProFund VP Short Small-Cap
|
||||||||||||||||||||
12/31/2016
|
500,897
|
$2.19
|
to
|
$1.68
|
$ 1,051,128
|
-
|
%
|
0.00
|
%
|
to
|
1.50
|
%
|
(21.60)
|
%
|
to
|
(22.75)
|
%
|
|||
12/31/2015
|
263,480
|
2.79
|
to
|
2.17
|
619,952
|
-
|
0.00
|
to
|
1.50
|
(0.82)
|
to
|
(2.29)
|
||||||||
12/31/2014
|
348,509
|
2.81
|
to
|
2.22
|
821,602
|
-
|
0.00
|
to
|
1.50
|
(9.23)
|
to
|
(10.57)
|
||||||||
12/31/2013
|
418,451
|
3.10
|
to
|
2.48
|
1,095,526
|
-
|
0.00
|
to
|
1.50
|
(31.25)
|
to
|
(32.27)
|
||||||||
12/31/2012
|
193,702
|
4.51
|
to
|
3.67
|
742,671
|
-
|
0.00
|
to
|
1.50
|
(18.96)
|
to
|
(20.17)
|
||||||||
ProFund VP Small-Cap
|
||||||||||||||||||||
12/31/2016
|
437,377
|
17.38
|
to
|
17.43
|
7,507,148
|
-
|
0.00
|
to
|
1.50
|
19.68
|
to
|
17.92
|
||||||||
12/31/2015
|
244,845
|
14.53
|
to
|
14.78
|
3,577,901
|
-
|
0.00
|
to
|
1.50
|
(6.21)
|
to
|
(7.59)
|
||||||||
12/31/2014
|
178,697
|
15.49
|
to
|
15.99
|
2,819,996
|
-
|
0.00
|
to
|
1.50
|
2.48
|
to
|
0.96
|
||||||||
12/31/2013
|
575,020
|
15.11
|
to
|
15.84
|
8,997,181
|
-
|
0.00
|
to
|
1.50
|
37.18
|
to
|
35.16
|
||||||||
12/31/2012
|
517,762
|
11.02
|
to
|
11.72
|
5,953,688
|
-
|
0.00
|
to
|
1.50
|
14.75
|
to
|
13.04
|
||||||||
ProFund VP Small-Cap Value
|
||||||||||||||||||||
12/31/2016
|
386,675
|
20.50
|
to
|
19.70
|
7,280,442
|
-
|
0.00
|
to
|
1.50
|
28.77
|
to
|
26.88
|
||||||||
12/31/2015
|
136,649
|
15.92
|
to
|
15.53
|
2,027,849
|
-
|
0.00
|
to
|
1.50
|
(8.28)
|
to
|
(9.63)
|
||||||||
12/31/2014
|
93,224
|
17.36
|
to
|
17.18
|
1,524,315
|
-
|
0.00
|
to
|
1.50
|
5.81
|
to
|
4.25
|
||||||||
12/31/2013
|
328,402
|
16.40
|
to
|
16.48
|
5,135,188
|
0.34
|
0.00
|
to
|
1.50
|
37.67
|
to
|
35.64
|
||||||||
12/31/2012
|
401,611
|
11.91
|
to
|
12.15
|
4,597,660
|
-
|
0.00
|
to
|
1.50
|
16.16
|
to
|
14.43
|
||||||||
ProFund VP Telecommunications
|
||||||||||||||||||||
12/31/2016
|
168,362
|
15.97
|
to
|
14.97
|
2,521,360
|
1.86
|
0.00
|
to
|
1.50
|
21.65
|
to
|
19.86
|
||||||||
12/31/2015
|
83,864
|
13.12
|
to
|
12.49
|
1,037,938
|
1.53
|
0.00
|
to
|
1.50
|
1.52
|
to
|
0.02
|
||||||||
12/31/2014
|
46,805
|
12.93
|
to
|
12.49
|
573,414
|
3.47
|
0.00
|
to
|
1.50
|
0.57
|
to
|
(0.92)
|
||||||||
12/31/2013
|
54,824
|
12.85
|
to
|
12.60
|
672,142
|
3.00
|
0.00
|
to
|
1.50
|
12.07
|
to
|
10.41
|
||||||||
12/31/2012
|
94,696
|
11.47
|
to
|
11.41
|
1,043,007
|
1.62
|
0.00
|
to
|
1.50
|
16.52
|
to
|
14.79
|
||||||||
ProFund VP U.S. Government Plus
|
||||||||||||||||||||
12/31/2016
|
394,826
|
16.86
|
to
|
14.72
|
6,160,130
|
-
|
0.00
|
to
|
1.50
|
(0.31)
|
to
|
(1.78)
|
||||||||
12/31/2015
|
256,958
|
16.92
|
to
|
14.99
|
4,052,870
|
-
|
0.00
|
to
|
1.50
|
(5.64)
|
to
|
(7.04)
|
||||||||
12/31/2014
|
472,277
|
17.93
|
to
|
16.12
|
7,978,988
|
0.15
|
0.00
|
to
|
1.50
|
36.39
|
to
|
34.38
|
||||||||
12/31/2013
|
185,209
|
13.14
|
to
|
12.00
|
2,316,197
|
0.19
|
0.00
|
to
|
1.50
|
(19.11)
|
to
|
(20.31)
|
||||||||
12/31/2012
|
514,580
|
16.25
|
to
|
15.06
|
8,023,704
|
-
|
0.00
|
to
|
1.50
|
0.97
|
to
|
(0.53)
|
||||||||
ProFund VP UltraNASDAQ-100
|
||||||||||||||||||||
12/31/2016
|
445,062
|
27.86
|
to
|
26.36
|
12,124,081
|
-
|
0.30
|
to
|
1.50
|
8.30
|
to
|
7.02
|
||||||||
12/31/2015
|
617,642
|
25.73
|
to
|
24.63
|
15,594,241
|
-
|
0.30
|
to
|
1.50
|
13.26
|
to
|
11.92
|
||||||||
12/31/2014
|
752,703
|
22.71
|
to
|
22.01
|
16,847,427
|
-
|
0.30
|
to
|
1.50
|
35.43
|
to
|
33.83
|
||||||||
12/31/2013
|
524,419
|
16.77
|
to
|
16.44
|
8,712,260
|
-
|
0.30
|
to
|
1.50
|
78.51
|
to
|
76.40
|
||||||||
12/31/2012(1)
|
246,425
|
9.40
|
to
|
9.32
|
2,306,031
|
-
|
0.30
|
to
|
1.50
|
-
|
to
|
-
|
||||||||
ProFund VP UltraSmall-Cap
|
||||||||||||||||||||
12/31/2016
|
374,082
|
21.14
|
to
|
21.46
|
7,577,278
|
-
|
0.00
|
to
|
1.50
|
39.59
|
to
|
37.53
|
||||||||
12/31/2015
|
395,475
|
15.15
|
to
|
15.60
|
5,703,293
|
-
|
0.00
|
to
|
1.50
|
(12.97)
|
to
|
(14.26)
|
||||||||
12/31/2014
|
462,449
|
17.40
|
to
|
18.20
|
7,663,963
|
-
|
0.00
|
to
|
1.50
|
5.38
|
to
|
3.82
|
||||||||
12/31/2013
|
687,819
|
16.52
|
to
|
17.53
|
10,830,668
|
-
|
0.00
|
to
|
1.50
|
86.66
|
to
|
83.90
|
||||||||
12/31/2012
|
491,935
|
8.85
|
to
|
9.53
|
4,189,182
|
-
|
0.00
|
to
|
1.50
|
29.51
|
to
|
27.59
|
||||||||
ProFund VP Utilities
|
||||||||||||||||||||
12/31/2016
|
397,813
|
15.99
|
to
|
13.53
|
6,006,825
|
1.62
|
0.00
|
to
|
1.50
|
15.07
|
to
|
13.38
|
||||||||
12/31/2015
|
247,102
|
13.89
|
to
|
11.93
|
3,258,508
|
2.08
|
0.00
|
to
|
1.50
|
(6.40)
|
to
|
(7.79)
|
||||||||
12/31/2014
|
308,266
|
14.84
|
to
|
12.94
|
4,337,857
|
1.35
|
0.00
|
to
|
1.50
|
25.88
|
to
|
24.02
|
||||||||
12/31/2013
|
187,028
|
11.79
|
to
|
10.44
|
2,094,772
|
2.62
|
0.00
|
to
|
1.50
|
13.31
|
to
|
11.64
|
||||||||
12/31/2012
|
225,244
|
10.41
|
to
|
9.35
|
2,246,366
|
2.18
|
0.00
|
to
|
1.50
|
0.14
|
to
|
(1.35)
|
||||||||
TA AB Dynamic Allocation Initial Class
|
||||||||||||||||||||
12/31/2016
|
197,400
|
13.79
|
to
|
10.98
|
3,092,227
|
1.47
|
0.00
|
to
|
1.50
|
2.22
|
to
|
0.72
|
||||||||
12/31/2015
|
203,856
|
13.49
|
to
|
10.90
|
3,288,538
|
1.24
|
0.00
|
to
|
1.50
|
(0.08)
|
to
|
(1.55)
|
||||||||
12/31/2014
|
213,851
|
13.50
|
to
|
11.07
|
3,623,943
|
1.01
|
0.00
|
to
|
1.50
|
5.56
|
to
|
4.00
|
||||||||
12/31/2013
|
211,633
|
12.79
|
to
|
10.65
|
3,473,693
|
1.15
|
0.00
|
to
|
1.50
|
7.18
|
to
|
5.60
|
||||||||
12/31/2012
|
218,737
|
11.93
|
to
|
10.08
|
3,397,039
|
0.86
|
0.00
|
to
|
1.50
|
6.14
|
to
|
4.56
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
5.
|
Financial Highlights (continued)
|
At December 31
|
For the Year Ended December 31
|
|||||||||||||||||||
Unit Fair Value
|
Expense
|
Total Return***
|
||||||||||||||||||
Corresponding to
|
Investment
|
Ratio**
|
Corresponding to
|
|||||||||||||||||
Lowest to Highest
|
Net
|
Income
|
Lowest to
|
Lowest to Highest
|
||||||||||||||||
Subaccount
|
Units
|
Expense Ratio
|
Assets
|
Ratio*
|
Highest
|
Expense Ratio
|
||||||||||||||
TA Aegon Government Money Market Initial Class
|
||||||||||||||||||||
12/31/2016
|
2,421,818
|
$10.86
|
to
|
$8.91
|
$ 35,815,432
|
0.01
|
%
|
0.00
|
%
|
to
|
1.50
|
%
|
0.01
|
%
|
to
|
(1.47)
|
%
|
|||
12/31/2015
|
2,289,766
|
10.86
|
to
|
9.04
|
36,829,733
|
0.01
|
0.00
|
to
|
1.50
|
0.01
|
to
|
(1.47)
|
||||||||
12/31/2014
|
1,935,426
|
10.85
|
to
|
9.18
|
33,526,122
|
0.01
|
0.00
|
to
|
1.50
|
0.01
|
to
|
(1.47)
|
||||||||
12/31/2013
|
2,061,971
|
10.85
|
to
|
9.32
|
37,528,464
|
0.01
|
0.00
|
to
|
1.50
|
0.01
|
to
|
(1.47)
|
||||||||
12/31/2012
|
2,189,241
|
10.85
|
to
|
9.46
|
41,402,846
|
0.01
|
0.00
|
to
|
1.50
|
0.01
|
to
|
(1.48)
|
||||||||
TA Aegon High Yield Bond Initial Class
|
||||||||||||||||||||
12/31/2016
|
922,333
|
19.55
|
to
|
16.77
|
18,909,800
|
5.86
|
0.00
|
to
|
1.50
|
15.34
|
to
|
13.64
|
||||||||
12/31/2015
|
744,419
|
16.95
|
to
|
14.76
|
14,024,320
|
5.88
|
0.00
|
to
|
1.50
|
(4.22)
|
to
|
(5.64)
|
||||||||
12/31/2014
|
768,308
|
17.69
|
to
|
15.64
|
15,700,265
|
4.94
|
0.00
|
to
|
1.50
|
3.98
|
to
|
2.44
|
||||||||
12/31/2013
|
958,905
|
17.02
|
to
|
15.27
|
19,315,590
|
5.47
|
0.00
|
to
|
1.50
|
6.60
|
to
|
5.02
|
||||||||
12/31/2012
|
1,235,389
|
15.96
|
to
|
14.54
|
23,598,480
|
6.51
|
0.00
|
to
|
1.50
|
17.37
|
to
|
15.63
|
||||||||
TA Aegon U.S. Government Securities Initial Class
|
||||||||||||||||||||
12/31/2016
|
582,207
|
14.52
|
to
|
11.78
|
8,268,214
|
0.66
|
0.00
|
to
|
1.50
|
0.30
|
to
|
(1.18)
|
||||||||
12/31/2015
|
610,031
|
14.48
|
to
|
11.92
|
8,753,320
|
2.12
|
0.00
|
to
|
1.50
|
0.10
|
to
|
(1.38)
|
||||||||
12/31/2014
|
545,908
|
14.46
|
to
|
12.09
|
8,089,421
|
4.36
|
0.00
|
to
|
1.50
|
4.66
|
to
|
3.11
|
||||||||
12/31/2013
|
548,374
|
13.82
|
to
|
11.72
|
7,951,648
|
2.15
|
0.00
|
to
|
1.50
|
(2.24)
|
to
|
(3.68)
|
||||||||
12/31/2012
|
788,175
|
14.14
|
to
|
12.17
|
11,800,019
|
1.73
|
0.00
|
to
|
1.50
|
5.14
|
to
|
3.58
|
||||||||
TA Asset Allocation - Conservative Initial Class
|
||||||||||||||||||||
12/31/2016
|
1,828,993
|
14.77
|
to
|
12.59
|
31,056,638
|
2.03
|
0.00
|
to
|
1.50
|
4.62
|
to
|
3.08
|
||||||||
12/31/2015
|
1,928,238
|
14.12
|
to
|
12.22
|
32,182,847
|
2.24
|
0.00
|
to
|
1.50
|
(1.96)
|
to
|
(3.41)
|
||||||||
12/31/2014
|
2,056,965
|
14.40
|
to
|
12.65
|
35,981,682
|
2.69
|
0.00
|
to
|
1.50
|
2.19
|
to
|
0.68
|
||||||||
12/31/2013
|
2,123,723
|
14.09
|
to
|
12.56
|
36,960,009
|
3.07
|
0.00
|
to
|
1.50
|
9.37
|
to
|
7.75
|
||||||||
12/31/2012
|
2,646,980
|
12.89
|
to
|
11.66
|
42,471,943
|
3.16
|
0.00
|
to
|
1.50
|
7.46
|
to
|
5.86
|
||||||||
TA Asset Allocation - Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
14,967,195
|
14.62
|
to
|
13.16
|
264,735,115
|
2.18
|
0.00
|
to
|
1.50
|
6.08
|
to
|
4.51
|
||||||||
12/31/2015
|
15,502,585
|
13.78
|
to
|
12.59
|
269,244,867
|
1.64
|
0.00
|
to
|
1.50
|
(1.93)
|
to
|
(3.38)
|
||||||||
12/31/2014
|
15,922,532
|
14.05
|
to
|
13.03
|
296,118,850
|
2.34
|
0.00
|
to
|
1.50
|
2.73
|
to
|
1.21
|
||||||||
12/31/2013
|
16,494,167
|
13.68
|
to
|
12.87
|
308,456,503
|
1.22
|
0.00
|
to
|
1.50
|
26.81
|
to
|
24.94
|
||||||||
12/31/2012
|
17,200,295
|
10.79
|
to
|
10.30
|
255,994,070
|
1.34
|
0.00
|
to
|
1.50
|
12.60
|
to
|
10.92
|
||||||||
TA Asset Allocation - Moderate Initial Class
|
||||||||||||||||||||
12/31/2016
|
4,086,087
|
15.22
|
to
|
13.02
|
71,525,376
|
2.20
|
0.00
|
to
|
1.50
|
5.56
|
to
|
4.01
|
||||||||
12/31/2015
|
4,313,192
|
14.42
|
to
|
12.52
|
73,628,323
|
2.01
|
0.00
|
to
|
1.50
|
(2.23)
|
to
|
(3.67)
|
||||||||
12/31/2014
|
4,527,820
|
14.75
|
to
|
13.00
|
82,581,771
|
2.23
|
0.00
|
to
|
1.50
|
2.77
|
to
|
1.25
|
||||||||
12/31/2013
|
4,718,623
|
14.35
|
to
|
12.84
|
86,176,699
|
2.44
|
0.00
|
to
|
1.50
|
13.50
|
to
|
11.82
|
||||||||
12/31/2012
|
4,989,483
|
12.64
|
to
|
11.48
|
81,048,545
|
2.62
|
0.00
|
to
|
1.50
|
9.44
|
to
|
7.81
|
||||||||
TA Asset Allocation - Moderate Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
15,259,736
|
15.00
|
to
|
13.22
|
269,751,359
|
2.03
|
0.00
|
to
|
1.50
|
6.55
|
to
|
4.98
|
||||||||
12/31/2015
|
15,834,085
|
14.08
|
to
|
12.59
|
272,495,299
|
2.19
|
0.00
|
to
|
1.50
|
(2.23)
|
to
|
(3.68)
|
||||||||
12/31/2014
|
16,383,697
|
14.40
|
to
|
13.07
|
302,518,621
|
2.68
|
0.00
|
to
|
1.50
|
2.57
|
to
|
1.06
|
||||||||
12/31/2013
|
16,718,753
|
14.04
|
to
|
12.94
|
312,493,818
|
2.29
|
0.00
|
to
|
1.50
|
19.38
|
to
|
17.62
|
||||||||
12/31/2012
|
17,748,639
|
11.76
|
to
|
11.00
|
280,495,309
|
2.48
|
0.00
|
to
|
1.50
|
10.65
|
to
|
9.00
|
||||||||
TA Barrow Hanley Dividend Focused Initial Class
|
||||||||||||||||||||
12/31/2016
|
2,280,104
|
16.74
|
to
|
15.51
|
68,871,227
|
2.12
|
0.00
|
to
|
1.50
|
14.91
|
to
|
13.22
|
||||||||
12/31/2015
|
2,357,254
|
14.57
|
to
|
13.70
|
66,699,906
|
1.85
|
0.00
|
to
|
1.50
|
(3.59)
|
to
|
(5.02)
|
||||||||
12/31/2014
|
2,458,343
|
15.11
|
to
|
14.42
|
77,266,260
|
1.34
|
0.00
|
to
|
1.50
|
12.17
|
to
|
10.51
|
||||||||
12/31/2013
|
2,340,738
|
13.47
|
to
|
13.05
|
69,350,456
|
2.35
|
0.00
|
to
|
1.50
|
30.24
|
to
|
28.32
|
||||||||
12/31/2012
|
2,546,573
|
10.34
|
to
|
10.17
|
60,489,028
|
1.80
|
0.00
|
to
|
1.50
|
11.72
|
to
|
10.06
|
||||||||
TA BlackRock Global Allocation Initial Class
|
||||||||||||||||||||
12/31/2016
|
497,686
|
12.28
|
to
|
11.49
|
5,948,994
|
0.98
|
0.30
|
to
|
1.50
|
4.62
|
to
|
3.39
|
||||||||
12/31/2015
|
541,955
|
11.74
|
to
|
11.11
|
6,219,680
|
2.95
|
0.30
|
to
|
1.50
|
(1.29)
|
to
|
(2.46)
|
||||||||
12/31/2014
|
542,404
|
11.90
|
to
|
11.39
|
6,329,555
|
2.83
|
0.30
|
to
|
1.50
|
1.78
|
to
|
0.58
|
||||||||
12/31/2013
|
475,997
|
11.69
|
to
|
11.33
|
5,486,130
|
2.00
|
0.30
|
to
|
1.50
|
14.27
|
to
|
12.92
|
||||||||
12/31/2012
|
365,905
|
10.23
|
to
|
10.03
|
3,710,765
|
4.03
|
0.30
|
to
|
1.50
|
9.94
|
to
|
8.64
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
5.
|
Financial Highlights (continued)
|
At December 31
|
For the Year Ended December 31
|
|||||||||||||||||||
Unit Fair Value
|
Expense
|
Total Return***
|
||||||||||||||||||
Corresponding to
|
Investment
|
Ratio**
|
Corresponding to
|
|||||||||||||||||
Lowest to Highest
|
Net
|
Income
|
Lowest to
|
Lowest to Highest
|
||||||||||||||||
Subaccount
|
Units
|
Expense Ratio
|
Assets
|
Ratio*
|
Highest
|
Expense Ratio
|
||||||||||||||
TA BlackRock Tactical Allocation Initial Class
|
||||||||||||||||||||
12/31/2016
|
2,075,714
|
$13.33
|
to
|
$12.36
|
$ 26,720,762
|
3.90
|
%
|
0.00
|
%
|
to
|
1.50
|
%
|
5.16
|
%
|
to
|
3.61
|
%
|
|||
12/31/2015
|
2,204,740
|
12.67
|
to
|
11.93
|
27,165,866
|
2.87
|
0.00
|
to
|
1.50
|
0.06
|
to
|
(1.42)
|
||||||||
12/31/2014
|
2,381,838
|
12.66
|
to
|
12.11
|
29,541,610
|
2.83
|
0.00
|
to
|
1.50
|
5.03
|
to
|
3.79
|
||||||||
12/31/2013
|
422,236
|
12.03
|
to
|
11.66
|
5,010,009
|
2.22
|
0.30
|
to
|
1.50
|
12.29
|
to
|
10.97
|
||||||||
12/31/2012
|
313,647
|
10.72
|
to
|
10.51
|
3,331,943
|
2.55
|
0.30
|
to
|
1.50
|
9.90
|
to
|
8.60
|
||||||||
TA Clarion Global Real Estate Securities Initial Class
|
||||||||||||||||||||
12/31/2016
|
1,748,145
|
12.48
|
to
|
12.67
|
43,864,350
|
1.75
|
0.00
|
to
|
1.50
|
0.62
|
to
|
(0.86)
|
||||||||
12/31/2015
|
1,731,597
|
12.40
|
to
|
12.78
|
48,016,426
|
4.40
|
0.00
|
to
|
1.50
|
(0.60)
|
to
|
(2.07)
|
||||||||
12/31/2014
|
1,624,291
|
12.48
|
to
|
13.05
|
50,927,199
|
1.51
|
0.00
|
to
|
1.50
|
13.56
|
to
|
11.89
|
||||||||
12/31/2013
|
1,637,406
|
10.99
|
to
|
11.67
|
47,559,908
|
5.50
|
0.00
|
to
|
1.50
|
3.90
|
to
|
2.36
|
||||||||
12/31/2012
|
1,671,646
|
10.57
|
to
|
11.40
|
48,402,540
|
3.58
|
0.00
|
to
|
1.50
|
25.25
|
to
|
23.39
|
||||||||
TA International Moderate Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
979,021
|
12.20
|
to
|
10.45
|
10,835,853
|
2.10
|
0.00
|
to
|
1.50
|
1.22
|
to
|
(0.27)
|
||||||||
12/31/2015
|
1,011,083
|
12.05
|
to
|
10.48
|
11,146,400
|
1.96
|
0.00
|
to
|
1.50
|
(1.64)
|
to
|
(3.09)
|
||||||||
12/31/2014
|
1,029,236
|
12.25
|
to
|
10.81
|
11,634,211
|
2.27
|
0.00
|
to
|
1.50
|
(0.47)
|
to
|
(1.94)
|
||||||||
12/31/2013
|
1,035,656
|
12.31
|
to
|
11.02
|
11,862,703
|
2.05
|
0.00
|
to
|
1.50
|
12.72
|
to
|
11.05
|
||||||||
12/31/2012
|
1,056,911
|
10.92
|
to
|
9.93
|
10,833,421
|
2.98
|
0.00
|
to
|
1.50
|
12.81
|
to
|
11.13
|
||||||||
TA Janus Balanced Initial Class
|
||||||||||||||||||||
12/31/2016
|
715,770
|
14.56
|
to
|
13.02
|
9,685,373
|
1.22
|
0.00
|
to
|
1.50
|
4.33
|
to
|
2.79
|
||||||||
12/31/2015
|
759,586
|
13.95
|
to
|
12.67
|
9,971,177
|
0.91
|
0.00
|
to
|
1.50
|
0.34
|
to
|
(1.14)
|
||||||||
12/31/2014
|
778,586
|
13.91
|
to
|
12.81
|
10,313,848
|
0.73
|
0.00
|
to
|
1.50
|
8.20
|
to
|
6.60
|
||||||||
12/31/2013
|
776,819
|
12.85
|
to
|
12.02
|
9,621,053
|
0.81
|
0.00
|
to
|
1.50
|
19.27
|
to
|
17.51
|
||||||||
12/31/2012
|
865,336
|
10.78
|
to
|
10.23
|
9,058,408
|
-
|
0.00
|
to
|
1.50
|
12.75
|
to
|
11.08
|
||||||||
TA Janus Mid-Cap Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
9,076,020
|
19.40
|
to
|
15.44
|
282,519,239
|
-
|
0.00
|
to
|
1.50
|
(2.04)
|
to
|
(3.49)
|
||||||||
12/31/2015
|
8,691,872
|
19.81
|
to
|
15.99
|
317,339,375
|
-
|
0.00
|
to
|
1.50
|
(5.03)
|
to
|
(6.44)
|
||||||||
12/31/2014
|
7,353,327
|
20.86
|
to
|
17.09
|
368,160,169
|
-
|
0.00
|
to
|
1.50
|
0.02
|
to
|
(1.46)
|
||||||||
12/31/2013
|
6,801,694
|
20.86
|
to
|
17.35
|
400,725,724
|
0.82
|
0.00
|
to
|
1.50
|
39.14
|
to
|
37.09
|
||||||||
12/31/2012
|
6,178,505
|
14.99
|
to
|
12.66
|
308,998,063
|
-
|
0.00
|
to
|
1.50
|
9.08
|
to
|
7.46
|
||||||||
TA Jennison Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
940,162
|
20.69
|
to
|
18.73
|
18,119,269
|
-
|
0.00
|
to
|
1.50
|
(1.65)
|
to
|
(3.10)
|
||||||||
12/31/2015
|
1,344,613
|
21.04
|
to
|
19.33
|
26,651,335
|
-
|
0.00
|
to
|
1.50
|
11.40
|
to
|
9.76
|
||||||||
12/31/2014
|
1,208,243
|
18.88
|
to
|
17.61
|
21,823,230
|
-
|
0.00
|
to
|
1.50
|
9.96
|
to
|
8.33
|
||||||||
12/31/2013
|
997,359
|
17.17
|
to
|
16.26
|
16,588,876
|
0.26
|
0.00
|
to
|
1.50
|
37.70
|
to
|
35.67
|
||||||||
12/31/2012
|
1,083,830
|
12.47
|
to
|
11.98
|
13,204,036
|
0.08
|
0.00
|
to
|
1.50
|
15.77
|
to
|
14.05
|
||||||||
TA JPMorgan Core Bond Initial Class
|
||||||||||||||||||||
12/31/2016
|
1,437,967
|
16.21
|
to
|
13.00
|
40,055,708
|
2.17
|
0.00
|
to
|
1.50
|
2.39
|
to
|
0.88
|
||||||||
12/31/2015
|
1,234,740
|
15.83
|
to
|
12.89
|
37,344,012
|
2.00
|
0.00
|
to
|
1.50
|
0.61
|
to
|
(0.87)
|
||||||||
12/31/2014
|
1,248,616
|
15.74
|
to
|
13.00
|
42,109,356
|
2.03
|
0.00
|
to
|
1.50
|
5.33
|
to
|
3.77
|
||||||||
12/31/2013
|
1,189,246
|
14.94
|
to
|
12.53
|
42,590,183
|
2.84
|
0.00
|
to
|
1.50
|
(1.84)
|
to
|
(3.29)
|
||||||||
12/31/2012
|
1,393,184
|
15.22
|
to
|
12.96
|
54,961,304
|
3
|
2.59
|
0.00
|
to
|
1.50
|
4.98
|
to
|
3.42
|
|||||||
TA JPMorgan Enhanced Index Initial Class
|
||||||||||||||||||||
12/31/2016
|
351,180
|
19.96
|
to
|
18.92
|
8,082,798
|
0.40
|
0.00
|
to
|
1.50
|
11.35
|
to
|
9.71
|
||||||||
12/31/2015
|
402,793
|
17.93
|
to
|
17.25
|
8,472,411
|
0.94
|
0.00
|
to
|
1.50
|
(0.07)
|
to
|
(1.55)
|
||||||||
12/31/2014
|
377,272
|
17.94
|
to
|
17.52
|
8,139,538
|
0.80
|
0.00
|
to
|
1.50
|
14.18
|
to
|
12.50
|
||||||||
12/31/2013
|
363,316
|
15.71
|
to
|
15.57
|
7,002,418
|
0.66
|
0.00
|
to
|
1.50
|
32.52
|
to
|
30.56
|
||||||||
12/31/2012
|
314,793
|
11.86
|
to
|
11.93
|
4,615,177
|
1.04
|
0.00
|
to
|
1.50
|
16.35
|
to
|
14.62
|
||||||||
TA JPMorgan Mid Cap Value Initial Class
|
||||||||||||||||||||
12/31/2016
|
236,161
|
19.70
|
to
|
35.51
|
7,277,280
|
2.08
|
0.30
|
to
|
0.90
|
14.25
|
to
|
13.57
|
||||||||
12/31/2015
|
252,964
|
17.24
|
to
|
31.27
|
7,312,430
|
0.87
|
0.30
|
to
|
0.90
|
(3.03)
|
to
|
(3.60)
|
||||||||
12/31/2014
|
269,018
|
17.78
|
to
|
32.44
|
8,553,912
|
0.71
|
0.30
|
to
|
0.90
|
14.94
|
to
|
14.26
|
||||||||
12/31/2013
|
297,704
|
15.47
|
to
|
28.39
|
8,409,132
|
0.48
|
0.30
|
to
|
0.90
|
31.42
|
to
|
30.64
|
||||||||
12/31/2012
|
335,477
|
11.77
|
to
|
21.73
|
7,283,109
|
0.74
|
0.30
|
to
|
0.90
|
20.16
|
to
|
19.45
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
5.
|
Financial Highlights (continued)
|
At December 31
|
For the Year Ended December 31
|
|||||||||||||||||||
Unit Fair Value
|
Expense
|
Total Return***
|
||||||||||||||||||
Corresponding to
|
Investment
|
Ratio**
|
Corresponding to
|
|||||||||||||||||
Lowest to Highest
|
Net
|
Income
|
Lowest to
|
Lowest to Highest
|
||||||||||||||||
Subaccount
|
Units
|
Expense Ratio
|
Assets
|
Ratio*
|
Highest
|
Expense Ratio
|
||||||||||||||
TA JPMorgan Tactical Allocation Initial Class
|
||||||||||||||||||||
12/31/2016
|
1,962,394
|
$13.13
|
to
|
$10.86
|
$ 43,892,286
|
1.35
|
%
|
0.00
|
%
|
to
|
1.50
|
%
|
4.46
|
%
|
to
|
2.92
|
%
|
|||
12/31/2015
|
2,083,125
|
12.57
|
to
|
10.55
|
49,165,930
|
1.26
|
0.00
|
to
|
1.50
|
(0.11)
|
to
|
(1.58)
|
||||||||
12/31/2014
|
2,083,828
|
12.58
|
to
|
10.72
|
54,021,746
|
1.13
|
0.00
|
to
|
1.50
|
6.53
|
to
|
4.95
|
||||||||
12/31/2013
|
1,836,341
|
11.81
|
to
|
10.22
|
50,813,971
|
1.12
|
0.00
|
to
|
1.50
|
5.51
|
to
|
3.95
|
||||||||
12/31/2012
|
2,035,421
|
11.19
|
to
|
9.83
|
58,503,544
|
0.60
|
0.00
|
to
|
1.50
|
7.72
|
to
|
6.12
|
||||||||
TA Managed Risk - Balanced ETF Initial Class
|
||||||||||||||||||||
12/31/2016
|
110,976
|
14.20
|
to
|
13.25
|
1,460,057
|
1.89
|
0.00
|
to
|
1.50
|
3.94
|
to
|
2.41
|
||||||||
12/31/2015
|
103,015
|
13.66
|
to
|
12.94
|
1,313,571
|
1.38
|
0.00
|
to
|
1.50
|
(1.50)
|
to
|
(2.95)
|
||||||||
12/31/2014
|
106,808
|
13.87
|
to
|
13.34
|
1,396,524
|
1.05
|
0.00
|
to
|
1.50
|
4.81
|
to
|
3.26
|
||||||||
12/31/2013
|
69,037
|
13.23
|
to
|
12.91
|
870,501
|
1.25
|
0.00
|
to
|
1.50
|
11.76
|
to
|
10.11
|
||||||||
12/31/2012
|
42,347
|
11.84
|
to
|
11.73
|
482,240
|
1.31
|
0.00
|
to
|
1.50
|
8.67
|
to
|
7.06
|
||||||||
TA Managed Risk - Growth ETF Initial Class
|
||||||||||||||||||||
12/31/2016
|
267,686
|
14.30
|
to
|
13.63
|
3,564,335
|
1.92
|
0.00
|
to
|
1.50
|
4.97
|
to
|
3.42
|
||||||||
12/31/2015
|
360,027
|
13.62
|
to
|
13.18
|
4,601,357
|
1.64
|
0.00
|
to
|
1.50
|
(3.17)
|
to
|
(4.60)
|
||||||||
12/31/2014
|
428,382
|
14.06
|
to
|
13.82
|
5,695,732
|
1.25
|
0.00
|
to
|
1.50
|
4.17
|
to
|
2.63
|
||||||||
12/31/2013
|
269,355
|
13.50
|
to
|
13.46
|
3,470,733
|
1.54
|
0.00
|
to
|
1.50
|
19.09
|
to
|
17.33
|
||||||||
12/31/2012
|
128,885
|
11.34
|
to
|
11.48
|
1,405,111
|
1.47
|
0.00
|
to
|
1.50
|
11.79
|
to
|
10.13
|
||||||||
TA MFS International Equity Initial Class
|
||||||||||||||||||||
12/31/2016
|
2,430,919
|
11.78
|
to
|
11.43
|
33,839,961
|
1.51
|
0.00
|
to
|
1.50
|
0.08
|
to
|
(1.40)
|
||||||||
12/31/2015
|
2,506,005
|
11.77
|
to
|
11.60
|
37,962,670
|
1.68
|
0.00
|
to
|
1.50
|
0.08
|
to
|
(1.40)
|
||||||||
12/31/2014
|
2,468,627
|
11.77
|
to
|
11.76
|
39,436,664
|
0.95
|
0.00
|
to
|
1.50
|
(5.17)
|
to
|
(6.58)
|
||||||||
12/31/2013
|
2,542,705
|
12.41
|
to
|
12.59
|
44,178,744
|
1.12
|
0.00
|
to
|
1.50
|
18.09
|
to
|
16.35
|
||||||||
12/31/2012
|
2,725,762
|
10.51
|
to
|
10.82
|
40,935,229
|
1.67
|
0.00
|
to
|
1.50
|
22.16
|
to
|
20.34
|
||||||||
TA Morgan Stanley Capital Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
1,695,157
|
20.53
|
to
|
19.45
|
42,402,687
|
-
|
0.00
|
to
|
1.50
|
(2.26)
|
to
|
(3.70)
|
||||||||
12/31/2015
|
1,796,549
|
21.01
|
to
|
20.20
|
51,149,612
|
-
|
0.00
|
to
|
1.50
|
11.79
|
to
|
10.14
|
||||||||
12/31/2014
|
1,615,749
|
18.79
|
to
|
18.34
|
43,499,029
|
-
|
0.00
|
to
|
1.50
|
6.00
|
to
|
4.44
|
||||||||
12/31/2013
|
1,614,954
|
17.73
|
to
|
17.56
|
41,972,887
|
0.68
|
0.00
|
to
|
1.50
|
48.25
|
to
|
46.06
|
||||||||
12/31/2012
|
1,631,610
|
11.96
|
to
|
12.02
|
29,074,013
|
-
|
0.00
|
to
|
1.50
|
15.55
|
to
|
13.83
|
||||||||
TA Multi-Managed Balanced Initial Class
|
||||||||||||||||||||
12/31/2016
|
4,932,676
|
20.28
|
to
|
17.37
|
117,567,654
|
0.96
|
0.00
|
to
|
1.50
|
7.87
|
to
|
6.28
|
||||||||
12/31/2015
|
5,184,106
|
18.80
|
to
|
16.34
|
117,750,424
|
1.37
|
0.00
|
to
|
1.50
|
0.21
|
to
|
(1.27)
|
||||||||
12/31/2014
|
5,490,844
|
18.76
|
to
|
16.55
|
126,843,352
|
1.38
|
0.00
|
to
|
1.50
|
10.81
|
to
|
9.17
|
||||||||
12/31/2013
|
5,788,779
|
16.93
|
to
|
15.16
|
122,595,908
|
1.59
|
0.00
|
to
|
1.50
|
18.09
|
to
|
16.35
|
||||||||
12/31/2012
|
6,242,270
|
14.33
|
to
|
13.03
|
113,097,747
|
1.63
|
0.00
|
to
|
1.50
|
12.57
|
to
|
10.90
|
||||||||
TA PIMCO Tactical - Balanced Initial Class
|
||||||||||||||||||||
12/31/2016
|
510,821
|
13.53
|
to
|
12.07
|
6,408,762
|
0.51
|
0.00
|
to
|
1.50
|
5.65
|
to
|
4.09
|
||||||||
12/31/2015
|
546,907
|
12.80
|
to
|
11.59
|
6,578,349
|
-
|
0.00
|
to
|
1.50
|
(2.27)
|
to
|
(3.72)
|
||||||||
12/31/2014
|
574,965
|
13.10
|
to
|
12.04
|
7,174,801
|
1.06
|
0.00
|
to
|
1.50
|
8.05
|
to
|
6.45
|
||||||||
12/31/2013
|
619,030
|
12.13
|
to
|
11.31
|
7,222,343
|
0.63
|
0.00
|
to
|
1.50
|
12.16
|
to
|
10.50
|
||||||||
12/31/2012
|
688,515
|
10.81
|
to
|
10.24
|
7,218,830
|
1.97
|
0.00
|
to
|
1.50
|
1.29
|
to
|
(0.22)
|
||||||||
TA PIMCO Tactical - Conservative Initial Class
|
||||||||||||||||||||
12/31/2016
|
776,246
|
12.93
|
to
|
11.54
|
9,288,937
|
0.59
|
0.00
|
to
|
1.50
|
5.22
|
to
|
3.67
|
||||||||
12/31/2015
|
830,914
|
12.29
|
to
|
11.13
|
9,582,563
|
0.39
|
0.00
|
to
|
1.50
|
(1.77)
|
to
|
(3.22)
|
||||||||
12/31/2014
|
874,836
|
12.51
|
to
|
11.50
|
10,416,283
|
1.36
|
0.00
|
to
|
1.50
|
8.93
|
to
|
7.32
|
||||||||
12/31/2013
|
892,693
|
11.49
|
to
|
10.72
|
9,862,430
|
0.70
|
0.00
|
to
|
1.50
|
8.44
|
to
|
6.83
|
||||||||
12/31/2012
|
955,518
|
10.59
|
to
|
10.03
|
9,814,626
|
1.50
|
0.00
|
to
|
1.50
|
1.70
|
to
|
0.19
|
||||||||
TA PIMCO Tactical - Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
1,008,345
|
13.04
|
to
|
11.63
|
12,091,793
|
-
|
0.00
|
to
|
1.50
|
5.09
|
to
|
3.54
|
||||||||
12/31/2015
|
1,065,236
|
12.41
|
to
|
11.23
|
12,341,887
|
-
|
0.00
|
to
|
1.50
|
(3.16)
|
to
|
(4.60)
|
||||||||
12/31/2014
|
1,147,051
|
12.81
|
to
|
11.77
|
13,961,228
|
1.75
|
0.00
|
to
|
1.50
|
6.63
|
to
|
5.06
|
||||||||
12/31/2013
|
1,186,871
|
12.01
|
to
|
11.21
|
13,712,474
|
0.86
|
0.00
|
to
|
1.50
|
17.03
|
to
|
15.30
|
||||||||
12/31/2012
|
1,248,575
|
10.27
|
to
|
9.72
|
12,426,995
|
0.77
|
0.00
|
to
|
1.50
|
0.98
|
to
|
(0.52)
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
5.
|
Financial Highlights (continued)
|
At December 31
|
For the Year Ended December 31
|
|||||||||||||||||||
Unit Fair Value
|
Expense
|
Total Return***
|
||||||||||||||||||
Corresponding to
|
Investment
|
Ratio**
|
Corresponding to
|
|||||||||||||||||
Lowest to Highest
|
Net
|
Income
|
Lowest to
|
Lowest to Highest
|
||||||||||||||||
Subaccount
|
Units
|
Expense Ratio
|
Assets
|
Ratio*
|
Highest
|
Expense Ratio
|
||||||||||||||
TA PIMCO Total Return Initial Class
|
||||||||||||||||||||
12/31/2016
|
1,462,201
|
$15.96
|
to
|
$12.95
|
$ 23,475,769
|
2.34
|
%
|
0.00
|
%
|
to
|
1.50
|
%
|
2.71
|
%
|
to
|
1.20
|
%
|
|||
12/31/2015
|
1,418,569
|
15.53
|
to
|
12.79
|
22,905,154
|
2.83
|
0.00
|
to
|
1.50
|
0.69
|
to
|
(0.80)
|
||||||||
12/31/2014
|
1,565,996
|
15.43
|
to
|
12.90
|
25,987,720
|
1.83
|
0.00
|
to
|
1.50
|
4.67
|
to
|
3.13
|
||||||||
12/31/2013
|
1,680,310
|
14.74
|
to
|
12.51
|
27,193,749
|
2.00
|
0.00
|
to
|
1.50
|
(2.55)
|
to
|
(3.99)
|
||||||||
12/31/2012
|
2,217,501
|
15.12
|
to
|
13.02
|
37,217,010
|
4.20
|
0.00
|
to
|
1.50
|
7.55
|
to
|
5.95
|
||||||||
TA QS Investors Active Asset Allocation - Conservative Initial Class
|
||||||||||||||||||||
12/31/2016
|
365,468
|
12.10
|
to
|
10.96
|
4,166,203
|
1.48
|
0.00
|
to
|
1.50
|
2.87
|
to
|
1.36
|
||||||||
12/31/2015
|
382,954
|
11.76
|
to
|
10.81
|
4,268,573
|
1.09
|
0.00
|
to
|
1.50
|
(2.13)
|
to
|
(3.58)
|
||||||||
12/31/2014
|
427,956
|
12.02
|
to
|
11.21
|
4,911,753
|
1.19
|
0.00
|
to
|
1.50
|
3.97
|
to
|
2.43
|
||||||||
12/31/2013
|
949,238
|
11.56
|
to
|
10.94
|
10,559,826
|
1.27
|
0.00
|
to
|
1.50
|
7.29
|
to
|
5.70
|
||||||||
12/31/2012
|
744,689
|
10.78
|
to
|
10.35
|
7,790,128
|
0.39
|
0.00
|
to
|
1.50
|
6.99
|
to
|
5.40
|
||||||||
TA QS Investors Active Asset Allocation - Moderate Initial Class
|
||||||||||||||||||||
12/31/2016
|
219,017
|
11.79
|
to
|
11.03
|
2,512,939
|
1.46
|
0.30
|
to
|
1.50
|
2.13
|
to
|
0.92
|
||||||||
12/31/2015
|
235,947
|
11.55
|
to
|
10.93
|
2,659,690
|
1.11
|
0.30
|
to
|
1.50
|
(4.34)
|
to
|
(5.47)
|
||||||||
12/31/2014
|
259,625
|
12.07
|
to
|
11.56
|
3,074,223
|
0.70
|
0.30
|
to
|
1.50
|
3.57
|
to
|
2.34
|
||||||||
12/31/2013
|
255,835
|
11.66
|
to
|
11.29
|
2,939,349
|
0.61
|
0.30
|
to
|
1.50
|
10.98
|
to
|
9.67
|
||||||||
12/31/2012
|
165,515
|
10.50
|
to
|
10.30
|
1,722,700
|
0.16
|
0.30
|
to
|
1.50
|
8.38
|
to
|
7.10
|
||||||||
TA QS Investors Active Asset Allocation - Moderate Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
2,356,485
|
12.75
|
to
|
11.01
|
27,030,879
|
1.32
|
0.00
|
to
|
1.50
|
2.32
|
to
|
0.81
|
||||||||
12/31/2015
|
2,613,777
|
12.46
|
to
|
10.92
|
29,499,304
|
1.18
|
0.00
|
to
|
1.50
|
(6.38)
|
to
|
(7.76)
|
||||||||
12/31/2014
|
2,733,896
|
13.31
|
to
|
11.84
|
33,186,715
|
0.85
|
0.00
|
to
|
1.50
|
3.42
|
to
|
1.89
|
||||||||
12/31/2013
|
2,854,987
|
12.87
|
to
|
11.62
|
33,768,554
|
0.94
|
0.00
|
to
|
1.50
|
16.96
|
to
|
15.23
|
||||||||
12/31/2012
|
2,877,613
|
11.00
|
to
|
10.09
|
29,341,425
|
0.67
|
0.00
|
to
|
1.50
|
11.18
|
to
|
9.53
|
||||||||
TA Small/Mid Cap Value Initial Class
|
||||||||||||||||||||
12/31/2016
|
4,252,175
|
27.55
|
to
|
19.01
|
130,924,094
|
0.80
|
0.00
|
to
|
1.50
|
21.13
|
to
|
19.34
|
||||||||
12/31/2015
|
4,116,437
|
22.74
|
to
|
15.93
|
114,210,807
|
1.01
|
0.00
|
to
|
1.50
|
(2.51)
|
to
|
(3.95)
|
||||||||
12/31/2014
|
4,290,229
|
23.33
|
to
|
16.59
|
130,580,302
|
0.79
|
0.00
|
to
|
1.50
|
5.23
|
to
|
3.67
|
||||||||
12/31/2013
|
4,447,355
|
22.17
|
to
|
16.00
|
132,634,531
|
0.50
|
0.00
|
to
|
1.50
|
36.32
|
to
|
34.30
|
||||||||
12/31/2012
|
1,867,035
|
16.26
|
to
|
11.91
|
41,008,806
|
1.00
|
0.00
|
to
|
1.50
|
16.39
|
to
|
14.66
|
||||||||
TA T. Rowe Price Small Cap Initial Class
|
||||||||||||||||||||
12/31/2016
|
1,842,107
|
27.25
|
to
|
23.22
|
50,509,301
|
-
|
0.00
|
to
|
1.50
|
11.22
|
to
|
9.58
|
||||||||
12/31/2015
|
1,688,075
|
24.50
|
to
|
21.19
|
43,938,629
|
-
|
0.00
|
to
|
1.50
|
2.43
|
to
|
0.92
|
||||||||
12/31/2014
|
1,644,786
|
23.92
|
to
|
21.00
|
43,586,773
|
-
|
0.00
|
to
|
1.50
|
6.55
|
to
|
4.97
|
||||||||
12/31/2013
|
2,153,737
|
22.45
|
to
|
20.00
|
55,234,542
|
0.08
|
0.00
|
to
|
1.50
|
44.07
|
to
|
41.94
|
||||||||
12/31/2012
|
1,599,090
|
15.58
|
to
|
14.09
|
28,558,454
|
-
|
0.00
|
to
|
1.50
|
15.69
|
to
|
13.97
|
||||||||
TA Torray Concentrated Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
284,592
|
27.85
|
to
|
24.84
|
6,863,322
|
0.46
|
0.00
|
to
|
1.50
|
6.74
|
to
|
5.16
|
||||||||
12/31/2015
|
313,181
|
26.09
|
to
|
23.62
|
7,347,668
|
0.53
|
0.00
|
to
|
1.50
|
(1.57)
|
to
|
(3.03)
|
||||||||
12/31/2014
|
298,884
|
26.51
|
to
|
24.36
|
7,377,884
|
0.93
|
0.00
|
to
|
1.50
|
10.00
|
to
|
8.37
|
||||||||
12/31/2013
|
300,744
|
24.10
|
to
|
22.48
|
6,959,450
|
1.02
|
0.00
|
to
|
1.50
|
33.10
|
to
|
31.13
|
||||||||
12/31/2012
|
231,152
|
18.10
|
to
|
17.14
|
4,052,421
|
0.84
|
0.00
|
to
|
1.50
|
17.13
|
to
|
15.39
|
||||||||
TA WMC US Growth Initial Class
|
||||||||||||||||||||
12/31/2016
|
35,944,589
|
17.14
|
to
|
15.40
|
839,304,146
|
0.40
|
0.00
|
to
|
1.50
|
2.81
|
to
|
1.30
|
||||||||
12/31/2015
|
38,121,323
|
16.67
|
to
|
15.21
|
884,496,470
|
0.73
|
0.00
|
to
|
1.50
|
6.85
|
to
|
5.27
|
||||||||
12/31/2014
|
40,287,656
|
15.61
|
to
|
14.45
|
898,965,057
|
0.89
|
0.00
|
to
|
1.50
|
11.10
|
to
|
9.46
|
||||||||
12/31/2013
|
42,951,581
|
14.05
|
to
|
13.20
|
877,032,776
|
1.05
|
0.00
|
to
|
1.50
|
32.46
|
to
|
30.51
|
||||||||
12/31/2012
|
46,560,857
|
10.60
|
to
|
10.11
|
726,823,605
|
0.31
|
0.00
|
to
|
1.50
|
13.17
|
to
|
11.49
|
(1) See footnote 1
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
5.
|
Financial Highlights (continued)
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest.
|
|||||||||||||||||
**
|
These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded.
|
|||||||||||||||||
***
|
These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return.
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
6. Administrative and Mortality and Expense Risk Charges
|
|||||||||
Under some forms of the contracts, a sales charge and premium taxes are deducted by TPLIC prior to allocation of policy owner payments to the subaccounts. Contingent surrender charges may also apply. Under all forms of the contracts, monthly charges against policy cash values are made to compensate TPLIC for costs of insurance provided. A daily charge equal to an annual rate from 0.00% and 1.50% of average daily net assets is assessed to compensate TPLIC for assumption of mortality and expense risks in connection with the issuance and administration of the contracts. This charge (not assessed at the individual contract level) effectively reduces the value of a unit outstanding during the year. Charges reflected above are those currently assessed and may be subject to change. Contract owners should see their actual policy and any related attachments to determine their specific charges.
|
|||||||||
7. Income Tax
|
|||||||||
Operations of the Separate Account form a part of TPLIC, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code of 1986, as amended (the Code). The operations of the Separate Account are accounted for separately from other operations of TPLIC for purposes of federal income taxation. The Separate Account is not separately taxable as a regulated investment company under Subchapter M of the Code and is not otherwise taxable as an entity separate from TPLIC. Under existing federal income tax laws, the income of the Separate Account is not taxable to TPLIC, as long as earnings are credited under the variable life contracts.
|
Transamerica Premier Life Insurance Company
|
WRL Series Life Account
|
Notes to Financial Statements
|
December 31, 2016
|
8. Subsequent Events
|
|||||||||
The Separate Account has evaluated the financial statements for subsequent events through the date which the financial statements were issued. During this period, there were no subsequent events requiring recognition or disclosure in the financial statements.
|
|||||||||
9. Related Parties
|
|||||||||
Transamerica Capital, Inc. ("TCI"), a wholesaling broker-dealer, is an affiliated entity of TPLIC and an indrect wholly owned subsidiary of AEGON N.V.. TCI distributes TPLIC's products through broker-dealers and other financial intermediaries.
|
|||||||||
The subaccounts invest in the mutual funds listed in Footnote 1. These investments include funds managed by Transamerica Asset Management, Inc. ("TAM"). Transamerica Fund Services, Inc. ("TFS") serves as a transfer agent to TAM, and AEGON USA Asset Management Holding, LLC ("AAM") serves as a sub-advisor for certain funds managed by TAM. TAM, TFS and AAM are affiliated entities of TPLIC and indirect wholly owned subsidiaries of AEGON N.V.. Funds managed by TAM are identified by their fund name, which includes reference to Aegon, Transamerica or both. The Separate Account pays management fees to the related funds as detailed in the fund prospectus.
|
|||||||||
No charges other than those disclosed in Footnote 6 are deducted for the service rendered by related parties.
|
|||||||||
Contract owners may transfer funds between available subaccount options within the Separate Account. These transfers are performed at unit value at the time of the transfer.
|
December 31
|
||
2016
|
2015
|
|
Admitted assets
|
||
Cash and invested assets:
|
||
Cash, cash equivalents and short-term investments
|
$ 1,208,373
|
$ 883,173
|
Bonds
|
13,230,216
|
14,471,372
|
Preferred stocks
|
10,449
|
6,428
|
Common stocks:
|
||
Affiliated entities (cost: 2016 - $56,261;
|
||
2015 - $58,942)
|
40,104
|
61,610
|
Unaffiliated entities (cost: 2016 - $73,118;
|
||
2015 - $26,652)
|
111,964
|
50,528
|
Mortgage loans on real estate
|
1,598,685
|
1,687,756
|
Real estate, at cost less accumulated depreciation
|
||
(2016 - $17,462; 2015 - $43,305):
|
||
Home office properties
|
24,782
|
25,799
|
Investment properties
|
194,408
|
191,248
|
Properties held for sale
|
7,498
|
10,264
|
Policy loans
|
926,400
|
925,179
|
Securities lending reinvested collateral assets
|
425,875
|
354,051
|
Derivatives
|
33,358
|
42,568
|
Other invested assets
|
650,134
|
649,193
|
Total cash and invested assets
|
$ 18,462,244
|
$ 19,359,169
|
Accrued investment income
|
$ 176,993
|
$ 185,526
|
Cash surrender value of life insurance policies
|
165,912
|
162,440
|
Premiums deferred and uncollected
|
187,663
|
194,807
|
Current federal income tax recoverable
|
5,918
|
16,936
|
Net deferred income tax asset
|
315,217
|
337,506
|
Reinsurance receivable
|
12,160
|
18,278
|
Other assets
|
52,419
|
54,905
|
Separate account assets
|
22,102,315
|
21,319,849
|
Total admitted assets
|
$ 41,480,842
|
$ 41,649,416
|
December 31
|
December 31
|
|
2016
|
2015
|
|
Liabilities and capital and surplus
|
||
Liabilities:
|
||
Aggregate reserves for policies and contracts:
|
||
Life
|
$ 8,422,870
|
$ 7,924,978
|
Annuity
|
3,344,133
|
3,363,955
|
Accident and health
|
1,043,778
|
977,785
|
Policy and contract claim reserves:
|
||
Life
|
115,137
|
136,059
|
Accident and health
|
128,651
|
130,605
|
Liability for deposit-type contracts
|
1,063,250
|
639,671
|
Other policyholders' funds
|
10,351
|
14,950
|
Funds held under reinsurance treaties
|
628,416
|
4,020,771
|
Commissions to agents due or accrued
|
62,387
|
49,414
|
Transfers from separate accounts due or accrued
|
(75,107)
|
(105,612)
|
Unearned investment income
|
16,339
|
14,668
|
Remittances and items not allocated
|
13,631
|
49,061
|
Asset valuation reserve
|
225,467
|
270,586
|
Interest maintenance reserve
|
278,692
|
283,137
|
Derivatives
|
53,051
|
22,768
|
Payable for derivative cash collateral
|
335,230
|
309,456
|
Payable for securities
|
90,247
|
3,298
|
Payable for securities lending
|
425,875
|
354,051
|
Borrowed money
|
1,346,634
|
161,834
|
Payable to parent, subsidiaries and affiliates
|
64,869
|
83,509
|
Other liabilities
|
106,949
|
116,645
|
Separate account liabilities
|
22,102,315
|
21,319,849
|
Total liabilities
|
39,803,165
|
40,141,438
|
Capital and surplus:
|
||
Common stock:
|
||
Class A common stock, $750 par value, 10,000
|
||
shares authorized, 9,818.93 issued and outstanding
|
7,364
|
7,364
|
Class B common stock, $750 par value, 10,000
|
||
shares authorized, 3,697.27 issued and outstanding
|
2,773
|
2,773
|
Surplus notes
|
160,000
|
160,000
|
Paid-in surplus
|
710,132
|
710,379
|
Special Surplus Funds
|
2,105
|
2,158
|
Unassigned surplus
|
795,303
|
625,304
|
Total capital and surplus
|
1,677,677
|
1,507,978
|
Total liabilities and capital and surplus
|
$ 41,480,842
|
$ 41,649,416
|
Year Ended December 31
|
|||
2016
|
2015
|
2014
|
|
Revenues:
|
|||
Premiums and other considerations, net of reinsurance:
|
|||
Life
|
$ 1,328,402
|
$ 1,217,027
|
$ 998,356
|
Annuity
|
764,576
|
778,135
|
755,165
|
Accident and health
|
1,182,595
|
1,123,016
|
4,583,806
|
Net investment income
|
884,585
|
840,834
|
825,970
|
Amortization of interest maintenance reserve
|
25,293
|
24,668
|
24,763
|
Commissions and expense allowances on reinsurance
|
|||
ceded
|
158,779
|
162,538
|
46,416
|
Income from fees associated with investment management,
|
|||
administration and contract guarantees
|
|||
for separate accounts
|
303,084
|
318,664
|
329,455
|
Reserve adjustment on reinsurance ceded
|
(180,319)
|
(397,377)
|
(272,265)
|
Consideration on reinsurance transaction
|
133,475
|
329
|
54,150
|
Other income
|
29,766
|
53,238
|
45,989
|
4,630,236
|
4,121,072
|
7,391,805
|
|
Benefits and expenses:
|
|||
Benefits paid or provided for:
|
|||
Life
|
301,455
|
284,437
|
294,262
|
Accident and health
|
813,565
|
732,800
|
307,628
|
Annuity benefits
|
376,323
|
344,697
|
327,261
|
Surrender benefits
|
1,001,765
|
1,110,799
|
1,233,336
|
Other benefits
|
86,728
|
75,448
|
96,032
|
Increase (decrease) in aggregate reserves for policies
|
|||
and contracts:
|
|||
Life
|
497,892
|
357,155
|
217,907
|
Annuity
|
(14,166)
|
(296,314)
|
(166,726)
|
Accident and health
|
65,993
|
90,920
|
(68,891)
|
3,129,555
|
2,699,942
|
2,240,810
|
|
Insurance expenses:
|
|||
Commissions
|
858,430
|
828,793
|
467,288
|
General insurance expenses
|
318,938
|
332,879
|
297,889
|
Taxes, licenses and fees
|
60,229
|
54,384
|
59,097
|
Net transfers from separate accounts
|
(214,499)
|
(228,324)
|
(296,321)
|
Reinsurance transaction - modco reserve
|
|||
adjustment on reinsurance assumed
|
9,233
|
13,925
|
3,914,522
|
IMR adjustment due to reinsurance
|
(55,837)
|
–
|
–
|
Funds withheld ceded investment income
|
149,017
|
155,888
|
150,424
|
Other expenses
|
9,456
|
57,343
|
25,632
|
1,134,968
|
1,214,888
|
4,618,531
|
|
Total benefits and expenses
|
4,264,522
|
3,914,830
|
6,859,341
|
Year Ended December 31
|
|||
2016
|
2015
|
2014
|
|
Dividends to policyholders
|
$ 1,088
|
$ 1,134
|
$ 1,255
|
Gain from operations before federal income tax (benefit) expense
|
|||
and net realized capital (losses) gains on investments
|
364,625
|
205,108
|
531,209
|
Federal income tax (benefit) expense
|
14,355
|
(29,748)
|
196,140
|
Gain from operations before net realized capital
|
|||
(losses) gains on investments
|
350,270
|
234,856
|
335,069
|
Net realized capital (losses) gains on investments (net of related
|
|||
federal income taxes and amounts transferred to/from
|
|||
interest maintenance reserve)
|
(11,391)
|
(21,032)
|
15,662
|
Net income
|
$ 338,879
|
$ 213,824
|
$ 350,731
|
See accompanying notes.
|
Class A
|
Class B
|
Total
|
|||||
Common
|
Common
|
Surplus
|
Special
|
Paid-in
|
Unassigned
|
Capital and
|
|
Stock
|
Stock
|
Notes
|
Surplus Funds
|
Surplus
|
Surplus
|
Surplus
|
|
Balance at January 1, 2014
|
$ 7,364
|
$ 2,773
|
$ 160,000
|
$ –
|
$ 909,326
|
$ 297,209
|
$ 1,376,672
|
Net Income (loss)
|
–
|
–
|
–
|
–
|
–
|
350,731
|
350,731
|
Change in net unrealized capital gains/losses,
|
|||||||
net of taxes
|
–
|
–
|
–
|
–
|
–
|
(83,256)
|
(83,256)
|
Change in net deferred income tax asset
|
–
|
–
|
–
|
–
|
–
|
(23,947)
|
(23,947)
|
Change in nonadmitted assets
|
–
|
–
|
–
|
–
|
–
|
(58,865)
|
(58,865)
|
Change in reserve on account of change in
|
|||||||
valuation basis
|
–
|
–
|
–
|
–
|
–
|
428
|
428
|
Change in asset valuation reserve
|
–
|
–
|
–
|
–
|
–
|
13,841
|
13,841
|
Change in surplus as a result of reinsurance
|
–
|
–
|
–
|
–
|
–
|
267,941
|
267,941
|
Dividends to stockholders
|
–
|
–
|
–
|
–
|
–
|
(50,000)
|
(50,000)
|
Other changes, net
|
–
|
–
|
–
|
2,573
|
719
|
(22,132)
|
(18,840)
|
Balance at December 31, 2014
|
$ 7,364
|
$ 2,773
|
$ 160,000
|
$ 2,573
|
$ 910,045
|
$ 691,950
|
$ 1,774,705
|
Net income (loss)
|
–
|
–
|
–
|
–
|
–
|
213,824
|
213,824
|
Change in net unrealized capital gains/losses,
|
|||||||
net of taxes
|
–
|
–
|
–
|
–
|
–
|
(12,492)
|
(12,492)
|
Change in net deferred income tax asset
|
–
|
–
|
–
|
–
|
–
|
121,924
|
121,924
|
Change in nonadmitted assets
|
–
|
–
|
–
|
–
|
–
|
(70,668)
|
(70,668)
|
Change in reserve on account of change in
|
|||||||
valuation basis
|
–
|
–
|
–
|
–
|
–
|
(228,062)
|
(228,062)
|
Change in asset valuation reserve
|
–
|
–
|
–
|
–
|
–
|
(12,997)
|
(12,997)
|
Change in surplus as a result of reinsurance
|
–
|
–
|
–
|
–
|
–
|
(98,071)
|
(98,071)
|
Cumulative effect of change in accounting
|
|||||||
principles
|
–
|
–
|
–
|
–
|
–
|
30,444
|
30,444
|
Return of capital
|
–
|
–
|
–
|
–
|
(200,000)
|
–
|
(200,000)
|
Other changes, net
|
–
|
–
|
–
|
(415)
|
334
|
(10,548)
|
(10,629)
|
Balance at December 31, 2015
|
$ 7,364
|
$ 2,773
|
$ 160,000
|
$ 2,158
|
$ 710,379
|
$ 625,304
|
$ 1,507,978
|
Class A
|
Class B
|
Total
|
|||||
Common
|
Common
|
Surplus
|
Special
|
Paid-in
|
Unassigned
|
Capital and
|
|
Stock
|
Stock
|
Notes
|
Surplus Funds
|
Surplus
|
Surplus
|
Surplus
|
|
Balance at January 1, 2016
|
$ 7,364
|
$ 2,773
|
$ 160,000
|
$ 2,158
|
$ 710,379
|
$ 625,304
|
$ 1,507,978
|
Net income (loss)
|
–
|
–
|
–
|
–
|
–
|
338,879
|
$ 338,879
|
Change in net unrealized capital gains/losses,
|
|||||||
net of tax
|
–
|
–
|
–
|
–
|
–
|
(16,737)
|
$ (16,737)
|
Change in net deferred income tax asset
|
–
|
–
|
–
|
–
|
–
|
(42,535)
|
$ (42,535)
|
Change in other nonadmitted assets
|
–
|
–
|
–
|
–
|
–
|
46,683
|
$ 46,683
|
Change in asset valuation reserve
|
–
|
–
|
–
|
–
|
–
|
45,119
|
$ 45,119
|
Change in surplus as a result of reinsurance
|
–
|
–
|
–
|
–
|
–
|
(73,924)
|
$ (73,924)
|
Dividend to Stockholders
|
–
|
–
|
–
|
–
|
–
|
(125,000)
|
$ (125,000)
|
Other changes, net
|
–
|
–
|
–
|
(53)
|
(248)
|
(2,485)
|
$ (2,785)
|
Balance at December 31, 2016
|
$ 7,364
|
$ 2,773
|
$ 160,000
|
$ 2,105
|
$ 710,131
|
$ 795,304
|
$ 1,677,677
|
See accompanying notes.
|
Year Ended December 31
|
|||
2016
|
2015
|
2014
|
|
Operating activities
|
|||
Premiums collected, net of reinsurance
|
$ 3,044,424
|
$ 3,130,025
|
$ 6,330,343
|
Net investment income
|
887,716
|
882,391
|
869,754
|
Miscellaneous income
|
365,830
|
257,013
|
244,597
|
Benefit and loss related payments
|
(2,603,139)
|
(2,600,351)
|
(2,291,355)
|
Net transfers from separate accounts
|
245,004
|
274,415
|
360,633
|
Commissions, expenses paid, and other deductions
|
(1,410,231)
|
(1,462,818)
|
(4,660,707)
|
Dividends paid to policyholders
|
(1,178)
|
(1,233)
|
(1,316)
|
Federal income taxes (paid) received
|
(12,516)
|
(132,592)
|
(83,769)
|
Net cash provided by operating activities
|
515,910
|
346,850
|
768,180
|
Investing activities
|
|||
Proceeds from investments sold, matured
|
|||
or repaid:
|
|||
Bonds
|
2,676,294
|
3,804,173
|
1,992,267
|
Stocks
|
6,453
|
53,689
|
3,662
|
Mortgage loans
|
209,326
|
586,271
|
206,081
|
Real estate and properties held for sale
|
7,206
|
1,804
|
4,082
|
Other invested assets
|
152,116
|
292,198
|
123,279
|
Securities lending reinvested collateral assets
|
–
|
–
|
114,129
|
Derivatives
|
217
|
–
|
37,103
|
Miscellaneous proceeds
|
97,866
|
8,614
|
165,730
|
Total investment proceeds
|
3,149,478
|
4,746,749
|
2,646,333
|
Costs of investments acquired:
|
|||
Bonds
|
(3,699,101)
|
(4,025,603)
|
(2,468,084)
|
Stocks
|
(54,630)
|
(887)
|
(31,395)
|
Mortgage loans
|
(353,355)
|
(377,635)
|
(339,734)
|
Real estate and properties held for sale
|
(13,146)
|
(2,332)
|
(7,116)
|
Other invested assets
|
(192,886)
|
(260,265)
|
(179,832)
|
Derivatives
|
–
|
(43,878)
|
–
|
Securities lending reinvested collateral assets
|
(71,824)
|
(57,705)
|
–
|
Miscellaneous applications
|
(1,062)
|
(84,014)
|
(173,295)
|
Total cost of investments acquired
|
(4,386,004)
|
(4,852,319)
|
(3,199,456)
|
Net increase in policy loans
|
(1,221)
|
(2,210)
|
(9,620)
|
Net cost of investments acquired
|
(4,387,225)
|
(4,854,529)
|
(3,209,076)
|
Net cash provided by (used in) investing activities
|
(1,237,747)
|
(107,781)
|
(562,743)
|
Year Ended December 31
|
|||
2016
|
2015
|
2014
|
|
Financing and miscellaneous activities
|
|||
Net withdrawals on deposit-type contracts and other
|
|||
insurance liabilities
|
$ (171,072)
|
$ (44,010)
|
$ (1,007,531)
|
Change in:
|
|||
Reinsurance on deposit-type contracts and other
|
|||
insurance liabilities
|
113,696
|
(3,437)
|
995,438
|
Borrowed funds
|
1,184,168
|
(129,114)
|
210,207
|
Funds held under reinsurance treaties
|
|||
with unauthorized reinsurers
|
6,316
|
(32,215)
|
(489,686)
|
Receivable from parent, subsidiaries and
|
|||
affiliates
|
-
|
80,661
|
(3,694)
|
Payable to parent, subsidiaries and affiliates
|
(18,640)
|
82,899
|
610
|
Payable for securities lending
|
71,824
|
57,705
|
114,129
|
Other cash (applied) provided
|
(14,007)
|
81,729
|
(29,494)
|
Dividends to stockholders
|
(125,000)
|
–
|
(50,000)
|
Capital contribution received (provided)
|
(248)
|
(200,000)
|
135,000
|
Net cash used in financing and
|
|||
miscellaneous activities
|
1,047,037
|
(105,782)
|
(125,021)
|
Net increase (decrease) in cash, cash
|
|||
equivalents and short-term investments
|
325,200
|
133,287
|
80,416
|
Cash, cash equivalents and short-term
|
|||
investments:
|
|||
Beginning of year
|
883,173
|
749,886
|
669,470
|
End of year
|
$ 1,208,373
|
$ 883,173
|
$ 749,886
|
See accompanying notes.
|
|||
Unpaid Claims
|
||||
Liability
|
Unpaid Claims
|
|||
Beginning
|
Claims
|
Claims
|
Liability End
|
|
of Year
|
Incurred
|
Paid
|
of Year
|
|
Year ended December 31, 2016
|
||||
2016
|
$ -
|
$ 465,317
|
$ 310,609
|
$ 154,708
|
2015 and prior
|
287,935
|
347,625
|
504,911
|
130,649
|
287,935
|
$ 812,942
|
$ 815,520
|
285,357
|
|
Active life reserve
|
820,456
|
887,071
|
||
Total accident and health
|
||||
reserves
|
$ 1,108,391
|
$ 1,172,428
|
||
Unpaid Claims
|
||||
Liability
|
Unpaid Claims
|
|||
Beginning
|
Claims
|
Claims
|
Liability End
|
|
of Year
|
Incurred
|
Paid
|
of Year
|
|
Year ended December 31, 2015
|
||||
2015
|
$ –
|
$ 433,438
|
$ 289,975
|
$ 143,463
|
2014 and prior
|
216,119
|
382,623
|
454,271
|
144,471
|
216,119
|
$ 816,061
|
$ 744,246
|
287,934
|
|
Active life reserve
|
553,663
|
820,456
|
||
Total accident and health
|
||||
reserves
|
$ 769,782
|
$ 1,108,390
|
||
a)
|
Quoted prices for similar assets or liabilities in active markets
|
b)
|
Quoted prices for identical or similar assets or liabilities in non-active markets
|
c)
|
Inputs other than quoted market prices that are observable
|
d)
|
Inputs that are derived principally from or corroborated by observable market data through correlation or other means
|
Level 3 - | Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. They reflect the Company's own assumptions about the assumptions a market participant would use in pricing the asset or liability. |
December 31
|
||||||
2016
|
||||||
Estimated
Fair Value
|
Admitted Assets
|
(Level 1)
|
(Level 2)
|
(Level 3)
|
||
Admitted assets
|
||||||
Cash equivalents and short-term
|
||||||
investments, other than affiliates
|
$ 1,184,092
|
$ 1,184,092
|
$ –
|
$ 1,184,092
|
$ –
|
|
Short-term notes receivable from affiliates
|
74,100
|
74,100
|
–
|
74,100
|
–
|
|
Bonds
|
14,424,146
|
13,230,216
|
2,055,240
|
12,054,988
|
313,918
|
|
Preferred stocks, other than affiliates
|
9,818
|
10,449
|
–
|
2,491
|
7,327
|
|
Common stocks, other than affiliates
|
111,964
|
111,964
|
2
|
68
|
111,894
|
|
Mortgage loans on real estate
|
1,612,868
|
1,598,685
|
–
|
–
|
1,612,868
|
|
Other invested assets
|
118,128
|
108,433
|
–
|
115,229
|
2,899
|
|
Options
|
15,369
|
15,369
|
20
|
15,349
|
–
|
|
Interest rate swaps
|
13,767
|
7,206
|
–
|
13,767
|
–
|
|
Currency swaps
|
13,399
|
6,880
|
–
|
13,399
|
–
|
|
Credit default swaps
|
1,381
|
1,139
|
–
|
1,381
|
–
|
|
Equity swaps
|
2,764
|
2,764
|
–
|
2,764
|
–
|
|
Policy loans
|
926,400
|
926,400
|
–
|
926,400
|
–
|
|
Securities lending reinvested collateral
|
425,875
|
425,875
|
–
|
425,875
|
–
|
|
Receivable from parent, subsidiaries
|
||||||
and affiliates
|
–
|
–
|
–
|
–
|
–
|
|
Separate account assets
|
20,813,832
|
20,813,832
|
18,770,629
|
2,043,126
|
77
|
|
Liabilities
|
||||||
Investment contract liabilities
|
3,482,582
|
2,390,142
|
-
|
46,327
|
3,436,255
|
|
Interest rate swaps
|
(268,876)
|
21,383
|
–
|
(268,876)
|
–
|
|
Currency swaps
|
18,240
|
11,459
|
–
|
18,240
|
–
|
|
Credit default swaps
|
(943)
|
4,663
|
–
|
(943)
|
–
|
|
Equity swaps
|
15,545
|
15,545
|
–
|
15,545
|
–
|
|
Payable to parent, subsidiaries
|
||||||
and affiliates
|
–
|
64,869
|
–
|
64,869
|
–
|
|
Separate account annuity liabilities
|
18,772,441
|
18,772,441
|
460
|
18,771,981
|
–
|
|
Surplus notes
|
186,730
|
160,000
|
–
|
186,730
|
–
|
December 31
|
||||||
2015
|
||||||
Aggregate
Fair Value
|
Admitted Assets
|
(Level 1)
|
(Level 2)
|
(Level 3)
|
||
Admitted assets
|
||||||
Cash equivalents and short-term
|
||||||
investments, other than affiliates
|
$ 688,590
|
$ 688,590
|
$ –
|
$ 688,590
|
$ –
|
|
Short-term notes receivable from affiliates
|
252,700
|
252,700
|
–
|
252,700
|
–
|
|
Bonds
|
15,257,097
|
14,471,372
|
840,435
|
13,858,694
|
557,968
|
|
Preferred stocks, other than affiliates
|
5,579
|
6,428
|
–
|
5,443
|
136
|
|
Common stocks, other than affiliates
|
50,528
|
50,528
|
547
|
56
|
49,925
|
|
Mortgage loans on real estate
|
1,755,636
|
1,687,756
|
–
|
–
|
1,755,636
|
|
Other invested assets
|
136,311
|
124,209
|
–
|
127,332
|
8,979
|
|
Options
|
27,350
|
27,350
|
36
|
27,314
|
–
|
|
Interest rate swaps
|
10,168
|
1,794
|
–
|
10,168
|
–
|
|
Currency swaps
|
13,008
|
6,136
|
–
|
13,008
|
–
|
|
Credit default swaps
|
1,618
|
1,660
|
–
|
1,618
|
–
|
|
Equity swaps
|
5,628
|
5,628
|
–
|
5,628
|
–
|
|
Policy loans
|
925,179
|
925,179
|
–
|
925,179
|
–
|
|
Securities lending reinvested collateral
|
354,051
|
354,051
|
–
|
354,051
|
–
|
|
Separate account assets
|
20,127,597
|
20,127,597
|
18,107,122
|
2,018,606
|
1,869
|
|
Liabilities
|
||||||
Investment contract liabilities
|
3,715,884
|
3,265,942
|
–
|
46,307
|
3,669,577
|
|
Equity swaps
|
5,972
|
5,972
|
–
|
5,972
|
–
|
|
Interest rate swaps
|
(408,022)
|
9,552
|
–
|
(408,022)
|
–
|
|
Currency swaps
|
9,748
|
2,226
|
–
|
9,748
|
–
|
|
Credit default swaps
|
7,963
|
5,018
|
–
|
7,963
|
–
|
|
Payable to parent, subsidiaries
|
||||||
and affiliates
|
83,509
|
83,509
|
–
|
83,509
|
–
|
|
Separate account annuity liabilities
|
17,942,576
|
17,942,576
|
–
|
17,942,576
|
–
|
|
Surplus notes
|
179,219
|
160,000
|
–
|
179,219
|
–
|
|
|||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||
Assets:
|
|||||||||
Bonds
|
|||||||||
Government
|
$ –
|
$ 749
|
$ –
|
$ 749
|
|||||
Industrial and miscellaneous
|
–
|
1,758
|
28,650
|
30,408
|
|||||
Total bonds
|
–
|
2,507
|
28,650
|
31,157
|
|||||
Preferred stock
|
|||||||||
Industrial and miscellaneous
|
–
|
–
|
7,326
|
7,326
|
|||||
Total preferred stock
|
–
|
–
|
7,326
|
7,326
|
|||||
Common stock
|
|||||||||
Mutual funds
|
–
|
68
|
–
|
68
|
|||||
Industrial and miscellaneous
|
2
|
–
|
111,894
|
111,896
|
|||||
Total common stock
|
2
|
68
|
111,894
|
111,964
|
|||||
Short-term
|
|||||||||
Government
|
–
|
219,445
|
–
|
219,445
|
|||||
Industrial and miscellaneous
|
–
|
962,775
|
–
|
962,775
|
|||||
Intercompany notes receivable
|
–
|
74,100
|
–
|
74,100
|
|||||
Sweep accounts
|
–
|
1,872
|
–
|
1,872
|
|||||
Total short-term
|
–
|
1,258,192
|
–
|
1,258,192
|
|||||
Securities lending reinvested collateral
|
–
|
425,875
|
–
|
425,875
|
|||||
Derivative assets
|
20
|
25,191
|
–
|
25,211
|
|||||
Separate account assets
|
(1,012,247)
|
2,043,126
|
77
|
1,030,956
|
|||||
Total assets
|
$ (1,012,225)
|
$ 3,754,959
|
$ 147,947
|
$ 2,890,681
|
|||||
Liabilities:
|
|||||||||
Derivative liabilities
|
$ –
|
$ 32,205
|
$ –
|
$ 32,205
|
|||||
Separate account liabilities
|
460
|
–
|
–
|
460
|
|||||
Total liabilities
|
$ 460
|
$ 32,205
|
$ –
|
$ 32,665
|
|
|||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||
Assets:
|
|||||||||
Bonds
|
|||||||||
Government
|
$ –
|
$ 716
|
$ –
|
$ 716
|
|||||
Industrial and miscellaneous
|
–
|
5,510
|
28,112
|
33,622
|
|||||
Hybrid Securities
|
–
|
14,155
|
–
|
14,155
|
|||||
Total bonds
|
–
|
20,381
|
28,112
|
48,493
|
|||||
Preferred stock
|
|||||||||
Industrial and miscellaneous
|
–
|
–
|
136
|
136
|
|||||
Total preferred stock
|
–
|
–
|
136
|
136
|
|||||
Industrial and miscellaneous
|
547
|
1
|
49,925
|
50,473
|
|||||
Total common stock
|
547
|
56
|
49,925
|
50,528
|
|||||
Short-term
|
|||||||||
Government
|
–
|
5,494
|
–
|
5,494
|
|||||
Industrial and miscellaneous
|
–
|
449,315
|
–
|
449,315
|
|||||
Mutual funds
|
–
|
232,995
|
–
|
232,995
|
|||||
Intercompany notes receivable
|
–
|
252,700
|
–
|
252,700
|
|||||
Sweep accounts
|
–
|
786
|
–
|
786
|
|||||
Total short-term
|
–
|
941,290
|
–
|
941,290
|
|||||
Securities lending reinvested collateral
|
–
|
354,051
|
–
|
354,051
|
|||||
Derivative assets
|
35
|
34,547
|
–
|
34,582
|
|||||
Separate account assets
|
18,107,122
|
2,018,606
|
9,046
|
20,134,775
|
|||||
Total assets
|
$ 18,107,704
|
$ 3,368,931
|
$ 87,219
|
$ 21,563,855
|
|||||
Liabilities:
|
|||||||||
Derivative liabilities
|
$ –
|
$ 12,194
|
$ –
|
$ 12,194
|
|||||
Separate account liabilities
|
4,448
|
–
|
–
|
4,448
|
|||||
Total liabilities
|
$ 4,448
|
$ 12,194
|
$ –
|
$ 16,642
|
Total Gains
|
Total Gains
|
||||
Balance at
|
Transfers
|
Transfers
|
and (Losses)
|
and (Losses)
|
|
January 1,
|
into
|
out of
|
Included in
|
Included in
|
|
2016
|
Level 3
|
Level 3
|
Net income (a)
|
Surplus (b)
|
|
Bonds
|
|||||
RMBS
|
$ 168
|
$ –
|
$ 167
|
$ (11)
|
$ 10
|
Other
|
27,944
|
–
|
2,580
|
(834)
|
8,711
|
Preferred stock
|
136
|
–
|
–
|
–
|
(232)
|
Common stock
|
49,925
|
–
|
–
|
–
|
14,969
|
Separate account assets
|
9,046
|
–
|
471
|
(7)
|
59,148
|
Total
|
$ 87,219
|
$ –
|
$ 3,218
|
$ (852)
|
$ 82,606
|
Balance at
|
|||||
December 31,
|
|||||
Purchases
|
Issuances
|
Sales
|
Settlements
|
2016
|
|
Bonds
|
|||||
RMBS
|
$ –
|
$ –
|
$ –
|
$ –
|
$ –
|
Other
|
–
|
–
|
–
|
4,591
|
28,650
|
Preferred stock
|
7,422
|
–
|
–
|
–
|
7,326
|
Common stock
|
46,996
|
–
|
–
|
(4)
|
111,894
|
Separate account assets
|
–
|
–
|
–
|
67,639
|
77
|
Total
|
$ 54,418
|
$ –
|
$ –
|
$ 72,226
|
$ 147,947
|
Total Gains
|
Total Gains
|
||||
Balance at
|
Transfers
|
Transfers
|
and (Losses)
|
and (Losses)
|
|
January 1,
|
into
|
out of
|
Included in
|
Included in
|
|
2015
|
Level 3
|
Level 3
|
Net income (a)
|
Surplus (b)
|
|
Bonds
|
|||||
RMBS
|
$ 176
|
$ –
|
$ –
|
$ (31)
|
$ 23
|
Other
|
36,984
|
9,484
|
7,097
|
(3,204)
|
(5,526)
|
Preferred stock
|
136
|
–
|
–
|
–
|
–
|
Common stock
|
41,280
|
–
|
–
|
3,727
|
23,877
|
Derivatives
|
3,241
|
–
|
–
|
–
|
–
|
Separate account assets
|
13,969
|
–
|
–
|
(309)
|
68
|
Total
|
$ 95,786
|
$ 9,484
|
$ 7,097
|
$ 183
|
$ 18,442
|
Balance at
|
|||||
December 31,
|
|||||
Purchases
|
Issuances
|
Sales
|
Settlements
|
2015
|
|
Bonds
|
|||||
RMBS
|
$ –
|
$ –
|
$ –
|
$ –
|
$ 168
|
Other
|
–
|
–
|
–
|
2,697
|
27,944
|
Preferred stock
|
–
|
–
|
–
|
–
|
136
|
Common stock
|
4
|
–
|
–
|
18,963
|
49,925
|
Derivatives
|
–
|
–
|
–
|
3,241
|
–
|
Separate account assets
|
–
|
90
|
–
|
4,772
|
9,046
|
Total
|
$ 4
|
$ 90
|
$ –
|
$ 29,673
|
$ 87,219
|
Gross
|
Gross
|
||||
Unrealized
|
Unrealized
|
||||
Gross
|
Losses 12
|
Losses less
|
Estimated
|
||
Carrying
|
Unrealized
|
Months or
|
Than 12
|
Fair
|
|
Amount
|
Gains
|
More
|
Months
|
Value
|
|
December 31, 2016
|
|||||
Unaffiliated bonds:
|
|||||
United States Government and
|
|||||
agencies
|
$ 1,844,826
|
$ 64,036
|
$ 1,303
|
$ 78,735
|
$ 1,828,824
|
State, municipal and other
|
|||||
government
|
471,784
|
36,529
|
900
|
7,486
|
499,927
|
Hybrid securities
|
158,787
|
7,790
|
12,956
|
633
|
152,988
|
Industrial and miscellaneous
|
8,702,769
|
1,176,570
|
42,404
|
38,902
|
9,798,034
|
Mortgage and other asset-backed
|
|||||
securities
|
2,052,050
|
126,370
|
15,135
|
18,911
|
2,144,373
|
13,230,216
|
1,411,295
|
72,698
|
144,667
|
14,424,146
|
|
Unaffiliated preferred stocks
|
10,449
|
108
|
739
|
–
|
9,818
|
$ 13,240,665
|
$1,411,403
|
$ 73,437
|
$ 144,667
|
$ 14,433,964
|
Gross
|
Gross
|
||||
Unrealized
|
Unrealized
|
||||
Gross
|
Losses 12
|
Losses less
|
Estimated
|
||
Carrying
|
Unrealized
|
Months or
|
Than 12
|
Fair
|
|
Amount
|
Gains
|
More
|
Months
|
Value
|
|
December 31, 2015
|
|||||
Unaffiliated bonds:
|
|||||
United States Government and
|
|||||
agencies
|
$ 555,591
|
$ 58,059
|
$ 1,957
|
$ 3,700
|
$ 607,993
|
State, municipal and other
|
|||||
government
|
479,282
|
48,529
|
4,993
|
4,405
|
518,413
|
Hybrid securities
|
441,465
|
13,629
|
51,737
|
4,294
|
399,063
|
Industrial and miscellaneous
|
9,857,896
|
922,957
|
138,537
|
128,037
|
10,514,279
|
Mortgage and other asset-backed
|
|||||
securities
|
3,137,138
|
141,054
|
44,731
|
16,112
|
3,217,349
|
14,471,372
|
1,184,228
|
241,955
|
156,548
|
15,257,097
|
|
Unaffiliated preferred stocks
|
6,428
|
194
|
1,043
|
–
|
5,579
|
$ 14,477,800
|
$ 1,184,422
|
$ 242,998
|
$ 156,548
|
$ 15,262,676
|
Losses 12
|
Losses Less
|
|||||||
Months or
|
Than 12
|
|||||||
More
|
Months
|
Total
|
||||||
December 31, 2016
|
||||||||
Unaffiliated bonds:
|
||||||||
United States Government and agencies
|
$ 8,977
|
$ 1,025,289
|
$ 1,034,266
|
|||||
State, municipal and other government
|
7,326
|
113,985
|
121,311
|
|||||
Hybrid securities
|
60,309
|
21,919
|
82,228
|
|||||
Industrial and miscellaneous
|
393,876
|
1,229,405
|
1,623,281
|
|||||
Mortgage and other asset-backed securities
|
168,887
|
752,620
|
921,507
|
|||||
639,375
|
3,143,218
|
3,782,593
|
||||||
Unaffiliated preferred stocks
|
1,261
|
–
|
1,261
|
|||||
Unaffiliated common stocks
|
–
|
13
|
13
|
|||||
$ 640,636
|
$ 3,143,231
|
$ 3,783,867
|
Losses 12
|
Losses Less
|
|||||||
Months or
|
Than 12
|
|||||||
More
|
Months
|
Total
|
||||||
December 31, 2015
|
||||||||
Unaffiliated bonds:
|
||||||||
United States Government and agencies
|
$ 18,769
|
$ 83,312
|
$ 102,081
|
|||||
State, municipal and other government
|
27,042
|
97,550
|
124,592
|
|||||
Hybrid securities
|
163,428
|
60,350
|
223,778
|
|||||
Industrial and miscellaneous
|
539,928
|
2,463,136
|
3,003,064
|
|||||
Mortgage and other asset-backed securities
|
468,235
|
1,173,830
|
1,642,065
|
|||||
1,217,402
|
3,878,178
|
5,095,580
|
||||||
Unaffiliated preferred stocks
|
1,956
|
–
|
1,956
|
|||||
Unaffiliated common stocks
|
14
|
–
|
14
|
|||||
$ 1,219,372
|
$ 3,878,178
|
$ 5,097,550
|
Estimated
|
||||
Carrying
|
Fair
|
|||
Amount
|
Value
|
|||
Due in one year or less
|
$ 435,979
|
$ 440,843
|
||
Due after one year through five years
|
1,859,874
|
1,968,619
|
||
Due after five years through ten years
|
1,786,902
|
1,922,936
|
||
Due after ten years
|
7,095,411
|
7,947,375
|
||
11,178,166
|
12,279,773
|
|||
Mortgage and other asset-backed securities
|
2,052,050
|
2,144,373
|
||
$ 13,230,216
|
$ 14,424,146
|
CUSIP
Identification
|
Actual Cost
|
Fair Value
|
Book / Adjusted
Carrying Value
|
Mortgage-
Referenced
Security
(YES/NO)
|
44965TAA5
|
$ 4,384
|
$ 4,168
|
$ 4,386
|
NO
|
871928AW7
|
6,232
|
29,680
|
27,315
|
NO
|
912810QV3
|
9,959
|
8,977
|
10,281
|
NO
|
912810RA8
|
184,686
|
213,454
|
194,230
|
NO
|
912810RL4
|
400,160
|
407,605
|
408,801
|
NO
|
Total
|
$ 605,421
|
$ 663,884
|
$ 645,013
|
Number of
|
Book / Adjusted
|
|||||||
5* Securities
|
Carrying Value
|
Fair Value
|
||||||
December 31, 2016
|
||||||||
Bonds, amortized cost
|
1
|
$
|
1,490
|
$
|
1,543
|
|||
Loan-backed and structured
|
||||||||
securities, amortized cost
|
1
|
6
|
6
|
|||||
Total
|
2
|
$
|
1,496
|
$
|
1,549
|
|||
December 31, 2015
|
||||||||
Bonds, amortized cost
|
1
|
$
|
7,333
|
$
|
7,395
|
|||
Loan-backed and structured
|
||||||||
securities, amortized cost
|
2
|
608
|
551
|
|||||
Total
|
3
|
$
|
7,941
|
$
|
7,946
|
Amortized Cost before Current Period OTTI
|
Recognized OTTI
|
Amortized Cost After OTTI
|
Fair Value
|
|
Year ended December 31, 2016
|
||||
1st quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
$ 9,786
|
$ 734
|
$ 9,052
|
$ 7,952
|
2nd quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
–
|
–
|
–
|
–
|
3rd quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
14,575
|
443
|
14,132
|
13,616
|
4th quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
43,857
|
2,687
|
41,170
|
24,054
|
Aggregate total
|
$ 68,218
|
$ 3,864
|
$ 64,354
|
$ 45,622
|
Amortized Cost before Current Period OTTI
|
Recognized OTTI
|
Amortized Cost After OTTI
|
Fair Value
|
|
Year ended December 31, 2015
|
||||
1st quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
$ 11,003
|
$ 711
|
$ 10,292
|
$ 9,833
|
2nd quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
72,681
|
3,988
|
68,693
|
52,299
|
3rd quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
7,416
|
25
|
7,391
|
6,933
|
4th quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
5,541
|
332
|
5,209
|
3,905
|
Aggregate total
|
$ 96,641
|
$ 5,056
|
$ 91,585
|
$ 72,970
|
Amortized Cost before Current Period OTTI
|
Recognized OTTI
|
Amortized Cost After OTTI
|
Fair Value
|
|
Year ended December 31, 2014
|
||||
1st quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
$ 69,315
|
$ 1,781
|
$ 67,534
|
$ 39,500
|
2nd quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
49,878
|
1,846
|
48,032
|
35,679
|
3rd quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
47,782
|
20,158
|
27,624
|
36,334
|
4th quarter present value of
|
||||
cash flows expected to be less
|
||||
than the amortized cost basis
|
20,262
|
1,607
|
18,655
|
16,151
|
Aggregate total
|
$ 187,237
|
$ 25,392
|
$ 161,845
|
$ 127,664
|
CUSIP
|
Amortized Cost before Current Period OTTI
|
Present Value of Projected Cash Flows
|
Recognized OTTI
|
Amortized Cost After OTTI
|
Fair Value at Time of OTTI
|
Quarter in which Impairment Occurred
|
24763LDE7
|
$ 159
|
$ 137
|
$ 22
|
$ 137
|
$ 138
|
1Q 2016
|
35729PPC8
|
423
|
114
|
309
|
114
|
82
|
1Q 2016
|
75970QAH3
|
1,060
|
1,014
|
46
|
1,014
|
945
|
1Q 2016
|
75970QAJ9
|
2,535
|
2,421
|
114
|
2,421
|
2,203
|
1Q 2016
|
75971EAF3
|
3,496
|
3,335
|
161
|
3,335
|
2,909
|
1Q 2016
|
83611MMM7
|
2,113
|
2,031
|
82
|
2,031
|
1,675
|
1Q 2016
|
14984WAA8
|
4,650
|
4,306
|
344
|
4,306
|
3,744
|
3Q 2016
|
75970QAJ9
|
1,928
|
1,928
|
–
|
1,928
|
1,924
|
3Q 2016
|
759950GA0
|
1,823
|
1,809
|
14
|
1,809
|
1,798
|
3Q 2016
|
126380AB0
|
6,174
|
6,089
|
85
|
6,089
|
6,150
|
3Q 2016
|
35729PPC8
|
95
|
49
|
45
|
49
|
86
|
4Q 2016
|
41161XAC0
|
2,165
|
1,810
|
356
|
1,810
|
2,154
|
4Q 2016
|
07325WAE2
|
41,597
|
39,311
|
2,286
|
39,311
|
21,814
|
4Q 2016
|
$ 3,864
|
Losses 12
|
Losses Less
|
|||
Months or
|
Than 12
|
|||
More
|
Months
|
|||
Year ended December 31, 2016
|
||||
The aggregate amount of unrealized losses
|
$ 15,135
|
$ 37,367
|
||
The aggregate related fair value of securities with unrealized losses
|
168,887
|
782,581
|
Losses 12
|
Losses Less
|
|||
Months or
|
Than 12
|
|||
More
|
Months
|
|||
Year ended December 31, 2015
|
||||
The aggregate amount of unrealized losses
|
$ 70,919
|
$ 16,384
|
||
The aggregate related fair value of securities with unrealized losses
|
497,200
|
1,192,005
|
Year Ended December 31
|
||||||||
2016
|
2015
|
2014
|
||||||
Income:
|
||||||||
Bonds
|
$ 710,033
|
$ 685,467
|
$ 676,182
|
|||||
Preferred stocks
|
227
|
1,203
|
2,252
|
|||||
Common stocks
|
46,485
|
20,610
|
18,430
|
|||||
Mortgage loans on real estate
|
82,224
|
97,633
|
98,459
|
|||||
Real estate
|
31,665
|
30,522
|
5,583
|
|||||
Policy loans
|
50,559
|
51,402
|
52,384
|
|||||
Cash, cash equivalents and
|
||||||||
short-term investments
|
6,070
|
1,336
|
797
|
|||||
Derivatives
|
9,790
|
(5,862)
|
1,709
|
|||||
Other invested assets
|
13,872
|
19,277
|
8,642
|
|||||
Other
|
5,836
|
10,482
|
4,806
|
|||||
Gross investment income
|
956,761
|
912,070
|
869,244
|
|||||
Less investment expenses
|
72,176
|
71,236
|
43,274
|
|||||
Net investment income
|
$ 884,585
|
$ 840,834
|
$ 825,970
|
Year Ended December 31
|
||||||||
2016
|
2015
|
2014
|
||||||
Proceeds
|
$ 4,888,465
|
$ 3,379,615
|
$ 1,761,136
|
|||||
Gross realized gains
|
$ 167,992
|
$ 38,484
|
$ 13,103
|
|||||
Gross realized losses
|
(91,022)
|
(19,618)
|
(19,222)
|
|||||
Net realized capital gains (losses)
|
$ 76,970
|
$ 18,866
|
$ (6,119)
|
Realized
|
||||||
Year Ended December 31
|
||||||
2016
|
2015
|
2014
|
||||
Bonds
|
$ 67,594
|
$ 11,867
|
$ (27,107)
|
|||
Preferred stocks
|
(324)
|
1,375
|
(4,800)
|
|||
Common stocks
|
186
|
3,433
|
1,037
|
|||
Mortgage loans on real estate
|
18,849
|
(6,924)
|
(1,010)
|
|||
Real estate
|
55
|
(760)
|
(4,098)
|
|||
Cash, cash equivalents and short-term investments
|
24
|
3
|
9
|
|||
Derivatives
|
217
|
(43,877)
|
37,103
|
|||
Other invested assets
|
(17,503)
|
27,846
|
25,769
|
|||
69,098
|
(7,037)
|
26,903
|
||||
Federal income tax effect
|
(3,804)
|
(17,108)
|
(4,261)
|
|||
Transfer (to) from interest maintenance reserve
|
(76,685)
|
3,113
|
(6,980)
|
|||
Net realized capital (losses) gains on investments
|
$ (11,391)
|
$ (21,032)
|
$ 15,662
|
Change in Unrealized
|
||||||
Year Ended December 31
|
||||||
2016
|
2015
|
2014
|
||||
Bonds
|
$ 17,650
|
$ (10,977)
|
$ 21,255
|
|||
Preferred stocks
|
(232)
|
–
|
–
|
|||
Common stocks
|
14,970
|
23,258
|
(550)
|
|||
Affiliated entities
|
(18,824)
|
10,397
|
2,328
|
|||
Mortgage loans on real estate
|
–
|
–
|
247
|
|||
Cash, cash equivalents and short-term investments
|
(56)
|
–
|
–
|
|||
Derivatives
|
(24,747)
|
(148)
|
(121,278)
|
|||
Other invested assets
|
3,338
|
(45,292)
|
(17,647)
|
|||
Change in unrealized capital (losses) gains, before tax
|
(7,901)
|
(22,762)
|
(115,645)
|
|||
Taxes on unrealized capital gains/losses
|
(9,049)
|
10,318
|
32,482
|
|||
Change in unrealized capital (losses) gains, net of tax
|
$ (16,950)
|
$ (12,444)
|
$ (83,163)
|
Farm
|
Commercial
|
Mezzanine
|
Total
|
|
AAA - AA
|
$ –
|
$ 796,653
|
$ –
|
$ 796,653
|
A
|
15,369
|
666,241
|
–
|
681,610
|
BBB
|
–
|
116,669
|
–
|
116,669
|
BB
|
–
|
1,287
|
–
|
1,287
|
$ 15,369
|
$ 1,580,850
|
$ –
|
$ 1,596,219
|
December 31, 2016
|
Residential
|
Commercial
|
||||||||
Farm
|
Insured
|
All Other
|
Insured
|
All Other
|
Mezzanine
|
Total
|
||||
Recorded Investment (All)
|
||||||||||
(a)
|
Current
|
$ 15,369
|
$ –
|
$ 463
|
$ –
|
$ 1,580,850
|
$ –
|
$ 1,596,682
|
||
(b)
|
30-59 Days Past Due
|
–
|
–
|
1,922
|
–
|
–
|
–
|
1,922
|
||
(c)
|
60-89 Days Past Due
|
–
|
–
|
42
|
–
|
–
|
–
|
42
|
||
(d)
|
90-179 Days Past Due
|
–
|
–
|
11
|
–
|
–
|
–
|
11
|
||
(e)
|
180+ Days Past Due
|
–
|
–
|
29
|
–
|
–
|
–
|
29
|
December 31, 2015
|
Residential
|
Commercial
|
||||||||
Farm
|
Insured
|
All Other
|
Insured
|
All Other
|
Mezzanine
|
Total
|
||||
Recorded Investment (All)
|
||||||||||
(a)
|
Current
|
$ 35,795
|
$ –
|
$ 704
|
$ –
|
$ 1,613,761
|
$ 34,865
|
$ 1,685,125
|
||
(b)
|
30-59 Days Past Due
|
–
|
–
|
2,099
|
–
|
–
|
–
|
2,099
|
||
(c)
|
60-89 Days Past Due
|
–
|
–
|
178
|
–
|
–
|
–
|
178
|
||
(d)
|
90-179 Days Past Due
|
–
|
–
|
158
|
–
|
–
|
–
|
158
|
||
(e)
|
180+ Days Past Due
|
–
|
–
|
196
|
–
|
–
|
–
|
196
|
Year Ended December 31
|
||||||
2016
|
2015
|
2014
|
||||
Balance at beginning of period
|
$ –
|
$ –
|
$ 247
|
|||
Additions, net charged to operations
|
–
|
–
|
528
|
|||
Recoveries in amounts previously charged off
|
–
|
–
|
(775)
|
|||
Balance at end of period
|
$ –
|
$ –
|
$ –
|
Year Ended December 31
|
||||||||||
2016
|
2015
|
|||||||||
Aggregate amount of mortgage loans derecognized
|
$ 37
|
$ –
|
||||||||
Real estate collateral recognized
|
37
|
–
|
||||||||
Other collateral recognized
|
–
|
–
|
||||||||
Receivables recognized from a government guarantee of
|
||||||||||
the foreclosed mortgage loan
|
–
|
–
|
Geographic Distribution
|
Property Type Distribution
|
|||||||||
December 31
|
December 31
|
|||||||||
2016
|
2015
|
2016
|
2015
|
|||||||
South Atlantic
|
28
|
%
|
25
|
%
|
Apartment
|
47
|
%
|
37
|
%
|
|
Pacific
|
27
|
28
|
Retail
|
20
|
22
|
|||||
W. South Central
|
11
|
10
|
Office
|
14
|
19
|
|||||
Middle Atlantic
|
10
|
12
|
Other
|
11
|
10
|
|||||
W. North Central
|
8
|
6
|
Industrial
|
5
|
8
|
|||||
Mountain
|
6
|
7
|
Medical
|
2
|
2
|
|||||
E. South Central
|
4
|
5
|
Agricultural
|
1
|
2
|
|||||
E. North Central
|
4
|
5
|
||||||||
New England
|
2
|
2
|
December 31, 2016
|
|||
Description of State Transferable and Non-transferable Tax Credits
|
State
|
Carrying Value
|
Unused Amount*
|
Low-Income Housing Tax Credits
|
MA
|
$ 518
|
$ 3,500
|
Total
|
$ 518
|
$ 3,500
|
|
December 31, 2015
|
|||
Description of State Transferable and Non-transferable Tax Credits
|
State
|
Carrying Value
|
Unused Amount
|
Low-Income Housing Tax Credits
|
MA
|
$ 518
|
$ 3,500
|
Total
|
$ 518
|
$ 3,500
|
2016
|
2015
|
|
Fair value - positive
|
$ 400,267
|
$ 501,700
|
Fair value - negative
|
(117,553)
|
(59,588)
|
2016
|
2015
|
2014
|
|
Options:
|
|||
Calls
|
$ 192
|
$ 96
|
$ –
|
Puts
|
4,824
|
13,043
|
–
|
Total options
|
$ 5,016
|
$ 13,139
|
$ –
|
Swaps:
|
|||
Interest rate
|
$ (11,388)
|
$ (17,657)
|
$ 11,773
|
Credit
|
(1,530)
|
33
|
(50)
|
Total return
|
(34,637)
|
(13,720)
|
(5,916)
|
Total swaps
|
$ (47,555)
|
$ (31,344)
|
$ 5,807
|
Futures - net positions
|
42,756
|
(28,601)
|
31,296
|
Argentina warrants
|
–
|
2,928
|
–
|
Lehman settlements
|
126
|
162
|
–
|
Total realized gains (losses)
|
$ 343
|
$ (43,716)
|
$ 37,103
|
Year Ended December 31
|
|||
2016
|
2015
|
2014
|
|
Replicated assets
|
$ 729,430
|
$ 763,649
|
$ 638,687
|
Credit default
|
(5,860)
|
(20,253)
|
(13,239)
|
Year Ended December 31
|
|||
2016
|
2015
|
2014
|
|
Capital (losses) gains
|
$ (1,530)
|
$ 33
|
$ (50)
|
Deal, Receive (Pay), Underlying
|
Maturity Date
|
Maximum Future Payout (Estimated)
|
Current Fair Value
|
43299,SWAP, USD 1 / (USD 0), :JP1200551248
|
3/20/2017
|
$ 12,000
|
$ 25
|
43302,SWAP, USD 1 / (USD 0), :US50064FAD69
|
3/20/2017
|
10,000
|
$ 19
|
43307,SWAP, USD 1 / (USD 0), :US731011AN26
|
3/20/2017
|
15,000
|
$ 23
|
43310,SWAP, USD 1 / (USD 0), :US50064FAD69
|
3/20/2017
|
10,000
|
$ 19
|
43321,SWAP, USD 1 / (USD 0), :USY6826RAA06
|
3/20/2017
|
5,000
|
$ 7
|
47295,SWAP, USD 1 / (USD 0), :US59156RAN89
|
6/20/2017
|
25,000
|
$ 100
|
47296,SWAP, USD 1 / (USD 0), :US172967ES69
|
6/20/2017
|
25,000
|
$ 88
|
47297,SWAP, USD 1 / (USD 0), :US00163MAB00
|
6/20/2017
|
25,000
|
$ 90
|
43374,SWAP, USD 1 / (USD 0), :CDX-NAIGS18V1-5Y
|
6/20/2017
|
10,000
|
$ 44
|
43601,SWAP, USD 1 / (USD 0), :US88322LAA70
|
9/20/2017
|
5,100
|
$ 30
|
43613,SWAP, USD 1 / (USD 0), :US455780AQ93
|
9/20/2017
|
7,800
|
$ 32
|
46915,SWAP, USD 1 / (USD 0), :US534187AX79
|
12/20/2017
|
20,000
|
$ 164
|
47657,SWAP, USD 1 / (USD 0), :US416515AV66
|
12/20/2017
|
12,500
|
$ 105
|
48775,SWAP, USD 1 / (USD 0), :CDX-NAIGS19V1-5Y
|
12/20/2017
|
12,500
|
$ 108
|
53821,SWAP, USD 1 / (USD 0), :US260543BJ10
|
3/20/2018
|
22,000
|
$ 232
|
54865,SWAP, USD 5 / (USD 0), :US37247DAE67
|
3/20/2018
|
15,000
|
$ 468
|
55127,SWAP, USD 1 / (USD 0), :XS0292653994
|
3/20/2018
|
2,300
|
$ 25
|
119322,SWAP, USD 1 / (USD 0), :US455780AU06
|
3/20/2020
|
5,000
|
$ 6
|
102754,SWAP, USD 1 / (USD 0), :XS0292653994
|
3/20/2020
|
13,000
|
$ 174
|
102918,SWAP, USD 1 / (USD 0), :US195325BB02
|
3/20/2020
|
5,000
|
$ (2)
|
103284,SWAP, USD 1 / (USD 0), :USY6826RAA06
|
3/20/2020
|
5,000
|
$ 23
|
102927,SWAP, USD 1 / (USD 0), :US465410AH18
|
3/20/2020
|
5,000
|
$ (42)
|
103048,SWAP, USD 1 / (USD 0), :USY6826RAA06
|
3/20/2020
|
5,000
|
$ 23
|
103141,SWAP, USD 1 / (USD 0), :US465410AH18
|
3/20/2020
|
15,000
|
$ (127)
|
109219,SWAP, USD 1 / (USD 0), :US195325BB02
|
6/20/2020
|
2,500
|
$ (9)
|
109571,SWAP, USD 1 / (USD 0), :US195325BB02
|
6/20/2020
|
2,500
|
$ (9)
|
109622,SWAP, USD 1 / (USD 0), :US195325BB02
|
6/20/2020
|
2,500
|
$ (9)
|
109623,SWAP, USD 1 / (USD 0), :US715638AP79
|
6/20/2020
|
2,500
|
$ 27
|
109544,SWAP, USD 1 / (USD 0), :US698299AD63
|
6/20/2020
|
2,400
|
$ 10
|
109553,SWAP, USD 1 / (USD 0), :US698299AD63
|
6/20/2020
|
1,200
|
$ 5
|
109550,SWAP, USD 1 / (USD 0), :US715638AP79
|
6/20/2020
|
1,250
|
$ 13
|
109645,SWAP, USD 1 / (USD 0), :US465410AH18
|
6/20/2020
|
1,330
|
$ (14)
|
109647,SWAP, USD 1 / (USD 0), :US465410AH18
|
6/20/2020
|
1,330
|
$ (14)
|
109687,SWAP, USD 1 / (USD 0), :US465410AH18
|
6/20/2020
|
1,340
|
$ (15)
|
110510,SWAP, USD 1 / (USD 0), :US698299AD63
|
6/20/2020
|
1,200
|
$ 5
|
110620,SWAP, USD 1 / (USD 0), :US715638AP79
|
6/20/2020
|
1,250
|
$ 13
|
111121,SWAP, USD 1 / (USD 0), :US715638AP79
|
6/20/2020
|
1,250
|
$ 13
|
111125,SWAP, USD 1 / (USD 0), :US698299AD63
|
6/20/2020
|
1,200
|
$ 5
|
110854,SWAP, USD 1 / (USD 0), :US715638AP79
|
6/20/2020
|
1,250
|
$ 13
|
111719,SWAP, USD 1 / (USD 0), :US900123AL40
|
6/20/2020
|
1,200
|
$ (40)
|
111729,SWAP, USD 1 / (USD 0), :US195325BB02
|
6/20/2020
|
600
|
$ (2)
|
111732,SWAP, USD 1 / (USD 0), :US900123AL40
|
6/20/2020
|
600
|
$ (20)
|
111735,SWAP, USD 1 / (USD 0), :US836205AN45
|
6/20/2020
|
600
|
$ (9)
|
111738,SWAP, USD 1 / (USD 0), :US105756BV13
|
6/20/2020
|
600
|
$ (16)
|
111744,SWAP, USD 1 / (USD 0), :US195325BB02
|
6/20/2020
|
600
|
$ (2)
|
111832,SWAP, USD 1 / (USD 0), :US715638AP79
|
6/20/2020
|
600
|
$ 6
|
111842,SWAP, USD 1 / (USD 0), :US91086QAW87
|
6/20/2020
|
600
|
$ (2)
|
111845,SWAP, USD 1 / (USD 0), :US195325BB02
|
6/20/2020
|
600
|
$ (2)
|
111898,SWAP, USD 1 / (USD 0), :US900123AL40
|
6/20/2020
|
600
|
$ (20)
|
112138,SWAP, USD 1 / (USD 0), :US698299AD63
|
9/20/2020
|
1,200
|
$ 3
|
112153,SWAP, USD 1 / (USD 0), :US900123AL40
|
6/20/2020
|
600
|
$ (20)
|
112228,SWAP, USD 1 / (USD 0), :USY6826RAA06
|
9/20/2020
|
1,200
|
$ (1)
|
112230,SWAP, USD 1 / (USD 0), :US698299AD63
|
9/20/2020
|
600
|
$ 1
|
112304,SWAP, USD 1 / (USD 0), :US455780AU06
|
9/20/2020
|
600
|
$ (3)
|
112328,SWAP, USD 1 / (USD 0), :US91086QAW87
|
9/20/2020
|
600
|
$ (3)
|
112340,SWAP, USD 1 / (USD 0), :US25271CAJ18
|
9/20/2020
|
3,350
|
$ (212)
|
112428,SWAP, USD 1 / (USD 0), :US465410AH18
|
6/20/2020
|
600
|
$ (7)
|
112431,SWAP, USD 1 / (USD 0), :US698299AD63
|
9/20/2020
|
600
|
$ 1
|
112573,SWAP, USD 1 / (USD 0), :US105756BV13
|
6/20/2020
|
600
|
$ (16)
|
113398,SWAP, USD 1 / (USD 0), :US88322KAC53
|
9/20/2020
|
600
|
$ 9
|
113437,SWAP, USD 1 / (USD 0), :US455780AU06
|
9/20/2020
|
600
|
$ (3)
|
115816,SWAP, USD 1 / (USD 0), :US260543BJ10
|
9/20/2020
|
10,000
|
$ 169
|
115817,SWAP, USD 1 / (USD 0), :US40414LAA70
|
9/20/2020
|
10,000
|
$ (81)
|
116006,SWAP, USD 1 / (USD 0), :US00163MAB00
|
9/20/2020
|
10,000
|
$ 87
|
116040,SWAP, USD 1 / (USD 0), :ES0413900384
|
9/20/2020
|
10,000
|
$ 10
|
127389,SWAP, USD 1 / (USD 0), :US149123BZ39
|
12/20/2020
|
5,000
|
$ 109
|
127393,SWAP, USD 1 / (USD 0), :US460146CE11
|
12/20/2020
|
5,000
|
$ 109
|
127397,SWAP, USD 1 / (USD 0), :US244199BC83
|
12/20/2020
|
5,000
|
$ 126
|
127471,SWAP, USD 1 / (USD 0), :US037411AN57
|
12/20/2020
|
10,000
|
$ 92
|
130585,SWAP, USD 1 / (USD 0), :US416515AY06
|
6/20/2017
|
25,000
|
$ 104
|
120681,SWAP, USD 1 / (USD 0), :JP1200551248
|
6/20/2017
|
10,000
|
$ 45
|
133646,SWAP, USD 1 / (USD 0), :US91086QAW87
|
12/20/2020
|
3,900
|
$ (30)
|
133655,SWAP, USD 1 / (USD 0), :US195325BB02
|
12/20/2020
|
2,000
|
$ (19)
|
133658,SWAP, USD 1 / (USD 0), :US715638AP79
|
12/20/2020
|
2,000
|
$ 16
|
133738,SWAP, USD 1 / (USD 0), :US195325BB02
|
12/20/2020
|
5,000
|
$ (47)
|
133740,SWAP, USD 1 / (USD 0), :US455780AU06
|
12/20/2020
|
5,000
|
$ (41)
|
133901,SWAP, USD 1 / (USD 0), :US698299AD63
|
12/20/2020
|
2,100
|
$ -
|
134594,SWAP, USD 1 / (USD 0), :US465410AH18
|
12/20/2020
|
5,000
|
$ (78)
|
134657,SWAP, USD 1 / (USD 0), :US445545AD87
|
12/20/2020
|
4,000
|
$ (2)
|
134619,SWAP, USD 1 / (USD 0), :US445545AD87
|
12/20/2020
|
2,500
|
$ (1)
|
134823,SWAP, USD 1 / (USD 0), :US455780AU06
|
12/20/2020
|
5,000
|
$ (41)
|
134803,SWAP, USD 1 / (USD 0), :US712219AG90
|
12/20/2020
|
10,000
|
$ 28
|
134807,SWAP, USD 1 / (USD 0), :US712219AG90
|
12/20/2020
|
5,000
|
$ 14
|
134930,SWAP, USD 1 / (USD 0), :US168863AV04
|
12/20/2020
|
5,000
|
$ 65
|
137187,SWAP, USD 1 / (USD 0), :US718286AP29
|
12/20/2020
|
2,500
|
$ 18
|
158025,SWAP, USD 1 / (USD 0), :CDX-NAIGS26V1-5Y
|
6/20/2021
|
10,000
|
$ 164
|
160769,SWAP, USD 1 / (USD 0), :XS0114288789
|
6/20/2021
|
2,500
|
$ (58)
|
160771,SWAP, USD 1 / (USD 0), :XS0114288789
|
6/20/2021
|
3,500
|
$ (81)
|
186521,SWAP, USD 1 / (USD 0), :XS0114288789
|
12/20/2021
|
6,000
|
$ (207)
|
186524,SWAP, USD 1 / (USD 0), :XS0114288789
|
12/20/2021
|
360
|
$ (12)
|
186525,SWAP, USD 5 / (USD 0), :USP04808AE45
|
12/20/2021
|
4,000
|
$ (25)
|
186528,SWAP, USD 5 / (USD 0), :USP04808AE45
|
12/20/2021
|
240
|
$ (1)
|
187622,SWAP, USD 0 / (USD 0), :US23331ABF57
|
12/20/2021
|
11,000
|
$ (122)
|
187594,SWAP, USD 1 / (USD 0), :US29250RAC07
|
12/20/2017
|
5,000
|
$ 17
|
187598,SWAP, USD 1 / (USD 0), :US74432QAY17
|
6/20/2018
|
20,000
|
$ 236
|
187595,SWAP, USD 1 / (USD 0), :US92276MAT27
|
6/20/2018
|
20,000
|
$ 212
|
187597,SWAP, USD 1 / (USD 0), :US74432QAB14
|
6/20/2018
|
20,000
|
$ 236
|
$ 591,550
|
$ 2,321
|
Notional Amount
|
|||||||
2016
|
2015
|
||||||
Interest rate and currency swaps:
|
|||||||
Receive fixed - pay fixed
|
$ 18,242
|
$ 650,104
|
|||||
Receive fixed - pay floating
|
32,292
|
8,970
|
|||||
Receive floating - pay fixed
|
19,500
|
19,500
|
|||||
Receive floating - pay floating
|
120,950
|
–
|
|||||
Swaps:
|
|||||||
Receive fixed - pay fixed
|
1,187,278
|
144,849
|
|||||
Receive fixed - pay floating
|
1,836,930
|
2,204,430
|
|||||
Receive floating - pay fixed
|
1,320,450
|
126,450
|
|||||
Receive floating - pay floating
|
1,054,350
|
561,004
|
|||||
Caps
|
9,750,000
|
9,750,000
|
|||||
Options Calls / Puts
|
333
|
171,644
|
Gross Restricted (Admitted & Nonadmitted)
|
|||||
2016
|
|||||
Restricted Asset Category
|
Total General
Account (G/A)
|
G/A Supporting
Separate Account
(S/A) Activity
|
Total S/A
Restricted
Assets
|
S/A Assets
Supporting G/A
Activity
|
Total
|
Subject to contractual
|
|||||
obligation for which
|
|||||
liability is not shown
|
$ –
|
$ –
|
$ –
|
$ –
|
$ –
|
Collateral held under
|
|||||
security lending agreements
|
425,817
|
–
|
–
|
–
|
425,817
|
Subject to repurchase
|
|||||
agreements
|
–
|
–
|
–
|
–
|
–
|
Subject to reverse
|
|||||
repurchase agreements
|
–
|
–
|
–
|
–
|
–
|
Subject to dollar
|
|||||
repurchase agreements
|
175,171
|
–
|
–
|
–
|
175,171
|
Subject to dollar reverse
|
|||||
repurchase agreements
|
–
|
–
|
–
|
–
|
–
|
Placed under option
|
|||||
contracts
|
–
|
–
|
–
|
–
|
–
|
Letter stock or securities
|
|||||
restricted as to sale -
|
|||||
excluding FHLB capital stock
|
18,049
|
–
|
–
|
–
|
18,049
|
FHLB capital stock
|
73,000
|
–
|
–
|
–
|
73,000
|
On deposit with states
|
9,214
|
–
|
–
|
–
|
9,214
|
On deposit with other
|
|||||
regulatory bodies
|
–
|
–
|
–
|
–
|
–
|
Pledged as collateral to
|
|||||
FHLB (including assets
|
|||||
backing funding agreements)
|
1,898,720
|
–
|
–
|
–
|
1,898,720
|
Pledged as collateral not
|
|||||
captured in other categories
|
244,157
|
–
|
–
|
–
|
244,157
|
Other restricted assets
|
–
|
–
|
–
|
–
|
–
|
Total Restricted Assets
|
$ 2,844,128
|
$ –
|
$ –
|
$ –
|
$ 2,844,128
|
Gross (Admitted & Nonadmitted) Restricted
|
Percentage
|
|||||
Restricted Asset Category
|
Total From
Prior Year
|
Increase/
(Decrease)
|
Total Nonadmitted Restricted
|
Total Admitted Restricted
|
Gross (Admitted & Nonadmitted)
Restricted
to Total
Assets
|
Admitted
Restricted to
Total
Admitted
Assets
|
Subject to contractual
|
||||||
obligation for which
|
||||||
liability is not shown
|
$ –
|
$ –
|
$ –
|
$ –
|
0.00%
|
0.00%
|
Collateral held under
|
||||||
security lending agreements
|
354,047
|
71,770
|
–
|
425,817
|
1.01%
|
1.03%
|
Subject to repurchase
|
||||||
agreements
|
–
|
–
|
–
|
–
|
0.00%
|
0.00%
|
Subject to reverse
|
||||||
repurchase agreements
|
–
|
–
|
–
|
–
|
0.00%
|
0.00%
|
Subject to dollar
|
||||||
repurchase agreements
|
291,895
|
(116,724)
|
–
|
175,171
|
0.42%
|
0.42%
|
Subject to dollar reverse
|
||||||
repurchase agreements
|
–
|
–
|
–
|
–
|
0.00%
|
0.00%
|
Placed under option
|
||||||
contracts
|
–
|
–
|
–
|
–
|
0.00%
|
0.00%
|
Letter stock or securities
|
||||||
restricted as to sale -
|
||||||
excluding FHLB capital stock
|
–
|
18,049
|
–
|
18,049
|
0.04%
|
0.04%
|
FHLB capital stock
|
26,000
|
47,000
|
–
|
73,000
|
0.17%
|
0.18%
|
On deposit with states
|
10,024
|
(810)
|
–
|
9,214
|
0.02%
|
0.02%
|
On deposit with other
|
||||||
regulatory bodies
|
–
|
–
|
–
|
–
|
0.00%
|
0.00%
|
Pledged as collateral to
|
||||||
FHLB (including assets
|
||||||
backing funding agreements)
|
895,353
|
1,003,367
|
–
|
1,898,720
|
4.52%
|
4.57%
|
Pledged as collateral not
|
||||||
captured in other categories
|
131,658
|
112,499
|
–
|
244,157
|
0.58%
|
0.59%
|
Other restricted assets
|
190,947
|
(190,947)
|
–
|
–
|
0.00%
|
0.00%
|
Total Restricted Assets
|
$ 1,899,924
|
$ 944,204
|
$ –
|
$ 2,844,128
|
6.77%
|
6.85%
|
Gross (Admitted & Nonadmitted) Restricted
|
|||||||||||||||
|
2016 | ||||||||||||||
Total Separate
|
|||||||||||||||
Account (S/A)
|
S/A Assets
|
||||||||||||||
Total General
|
G/A Supporting
|
Restricted
|
Supporting
|
||||||||||||
Description of Assets
|
Account (G/A)
|
S/A Activity (a)
|
Assets
|
G/A Activity
|
Total
|
||||||||||
Derivatives
|
$ 244,157
|
$ –
|
$ –
|
$ –
|
$ 244,157
|
||||||||||
Secured Funding Agreements
|
-
|
–
|
–
|
–
|
- |
|
|||||||||
AMBAC
|
-
|
–
|
–
|
–
|
- |
|
|||||||||
Total
|
$ 244,157
|
$ –
|
$ –
|
$ –
|
$ –
|
$ 244,157
|
Gross (Admitted &
|
||||||||||||||||
Nonadmitted) Restricted
|
Percentage
|
|||||||||||||||
Gross
|
Admitted
|
|||||||||||||||
(Admitted &
|
Restricted to
|
|||||||||||||||
Total Current
|
Nonadmitted)
|
Total
|
||||||||||||||
Total From
|
Increase/
|
Year Admitted
|
Restricted to
|
Admitted
|
||||||||||||
Description of Assets
|
Prior Year
|
(Decrease)
|
Restricted
|
Total Assets
|
Assets
|
|||||||||||
Derivatives
|
$ 118,131
|
$ 126,026
|
$ 244,157
|
0.58
|
%
|
0.59
|
%
|
|||||||||
Secured Funding Agreements
|
13,528
|
(13,528)
|
-
|
0.00
|
0.00
|
|||||||||||
AMBAC
|
-
|
–
|
-
|
0.00
|
0.00
|
|||||||||||
Total
|
$ 131,659
|
$ 112,498
|
$ 244,157
|
0.58
|
%
|
0.78
|
%
|
Collateral Assets
|
Book Adjusted Carrying Value (BACV)
|
Fair Value
|
% of BACV to Total Assets (Admitted and Nonadmitted*)
|
% of BACV to Total Admitted Assets **
|
||||
Cash
|
$
|
411,447
|
$
|
411,447
|
2.07
|
%
|
2.12
|
%
|
Schedule DL, Part 1
|
425,875
|
425,875
|
2.14
|
2.19
|
||||
Other
|
93,932
|
93,932
|
0.47
|
0.48
|
||||
Total Collateral Assets
|
$
|
931,255
|
$
|
931,255
|
4.68
|
%
|
4.80
|
%
|
Amount
|
% of Liability to Total Liabilities*
|
|||
Recognized Obligation to
|
||||
Return Collateral Asset
|
$ 931,699
|
|
5.25% |
Net Amount
|
|||||||
Presented on
|
|||||||
Gross Amount
|
Financial
|
||||||
Recognized
|
Amount Offset
|
Statements
|
|||||
December 31, 2016
|
|||||||
Assets:
|
|||||||
Receivables for securities
|
$ –
|
$ –
|
$ –
|
||||
Liabilities:
|
|||||||
Borrowed money
|
$ –
|
$ –
|
$ –
|
||||
December 31, 2015
|
|||||||
Assets:
|
|||||||
Receivables for securities
|
$ 132,277
|
$ 130,726
|
$ 1,552
|
||||
Liabilities:
|
|||||||
Borrowed money
|
$ 292,560
|
$ 130,726
|
$ 161,834
|
Year Ended December 31
|
|||
2016
|
2015
|
2014
|
|
Direct premiums
|
$ 3,302,028
|
$ 3,198,245
|
$ 2,940,490
|
Reinsurance assumed - non affiliates
|
89,277
|
94,177
|
122,228
|
Reinsurance assumed - affiliates
|
(1,651,630)
|
405,295
|
3,939,481
|
Reinsurance ceded - non affiliates
|
(95,982)
|
(85,971)
|
(114,182)
|
Reinsurance ceded - affiliates
|
1,631,880
|
(494,431)
|
(550,690)
|
Net premiums earned
|
$ 3,275,573
|
$ 3,117,315
|
$ 6,337,327
|
December 31, 2016
|
||||
Ordinary
|
Capital
|
Total
|
||
Gross Deferred Tax Assets
|
$ 862,256
|
$ 93,444
|
$ 955,700
|
|
Statutory Valuation Allowance Adjustment
|
–
|
–
|
–
|
|
Adjusted Gross Deferred Tax Assets
|
862,256
|
93,444
|
955,700
|
|
Deferred Tax Assets Nonadmitted
|
307,256
|
–
|
307,256
|
|
Subtotal (Net Deferred Tax Assets)
|
555,000
|
93,444
|
648,444
|
|
Deferred Tax Liabilities
|
248,544
|
84,683
|
333,227
|
|
Net Admitted Deferred Tax Assets
|
$ 306,456
|
$ 8,761
|
$ 315,217
|
|
December 31, 2015
|
||||
Ordinary
|
Capital
|
Total
|
||
Gross Deferred Tax Assets
|
$ 829,096
|
$ 113,031
|
$ 942,127
|
|
Statutory Valuation Allowance Adjustment
|
–
|
–
|
–
|
|
Adjusted Gross Deferred Tax Assets
|
829,096
|
113,031
|
942,127
|
|
Deferred Tax Assets Nonadmitted
|
336,781
|
–
|
336,781
|
|
Subtotal (Net Deferred Tax Assets)
|
492,315
|
113,031
|
605,346
|
|
Deferred Tax Liabilities
|
203,198
|
64,641
|
267,839
|
|
Net Admitted Deferred Tax Assets
|
$ 289,117
|
$ 48,390
|
$ 337,507
|
|
Change
|
||||
Ordinary
|
Capital
|
Total
|
||
Gross Deferred Tax Assets
|
$ 33,160
|
$ (19,587)
|
$ 13,573
|
|
Statutory Valuation Allowance Adjustment
|
–
|
–
|
–
|
|
Adjusted Gross Deferred Tax Assets
|
33,160
|
(19,587)
|
13,573
|
|
Deferred Tax Assets Nonadmitted
|
(29,525)
|
–
|
(29,525)
|
|
Subtotal (Net Deferred Tax Assets)
|
62,685
|
(19,587)
|
43,098
|
|
Deferred Tax Liabilities
|
45,346
|
20,042
|
65,388
|
|
Net Admitted Deferred Tax Assets
|
$ 17,339
|
$ (39,629)
|
$ (22,290)
|
Deferred Tax Assets:
|
|||||
Year Ended December 31
|
|||||
2016
|
2015
|
Change
|
|||
Ordinary
|
|||||
Discounting of unpaid losses
|
$ 1,212
|
$ 641
|
$ 571
|
||
Policyholder reserves
|
400,728
|
397,858
|
2,870
|
||
Investments
|
198,541
|
159,998
|
38,543
|
||
Deferred acquisition costs
|
207,849
|
206,232
|
1,617
|
||
Compensation and benefits accrual
|
342
|
576
|
(234)
|
||
Receivables - nonadmitted
|
49,919
|
58,970
|
(9,051)
|
||
Section 197 Intangible Amortization
|
395
|
454
|
(59)
|
||
Corporate Provision
|
140
|
70
|
70
|
||
Other (including items <5% of
|
|||||
ordinary tax assets)
|
3,130
|
4,297
|
(1,167)
|
||
Subtotal
|
862,256
|
829,096
|
33,160
|
||
Nonadmitted
|
307,256
|
336,781
|
(29,525)
|
||
Admitted ordinary deferred tax assets
|
555,000
|
492,315
|
62,685
|
||
Capital:
|
|||||
Investments
|
93,444
|
113,031
|
(19,587)
|
||
Other (including items <5% of total
|
|||||
total capital tax assets)
|
–
|
–
|
–
|
||
Subtotal
|
93,444
|
113,031
|
(19,587)
|
||
Statutory valuation allowance adjustment
|
–
|
–
|
–
|
||
Nonadmitted
|
–
|
–
|
–
|
||
Admitted capital deferred tax assets
|
93,444
|
113,031
|
(19,587)
|
||
Admitted deferred tax assets
|
$ 648,444
|
$ 605,346
|
$ 43,098
|
Year Ended December 31
|
|||||
2016
|
2015
|
Change
|
|||
Deferred Tax Liabilities:
|
|||||
Ordinary
|
|||||
Investments
|
$ 186,250
|
$ 137,137
|
$ 49,113
|
||
Provision for Contingent Debt
|
4,091
|
4,270
|
(179)
|
||
Deferred and uncollected premium
|
44,560
|
44,761
|
(201)
|
||
Reinsurance Ceded
|
916
|
1,402
|
(486)
|
||
§807(f) adjustment
|
11,389
|
14,254
|
(2,865)
|
||
Separate account adjustments
|
1,339
|
1,373
|
(34)
|
||
Other (including items <5% of total
|
|||||
ordinary tax liabilities)
|
(1)
|
1
|
(2)
|
||
Subtotal
|
248,544
|
203,198
|
45,346
|
||
Capital
|
|||||
Investments
|
84,683
|
64,641
|
20,042
|
||
Subtotal
|
84,683
|
64,641
|
20,042
|
||
Deferred tax liabilities
|
333,227
|
267,839
|
65,388
|
||
Net deferred tax assets/liabilities
|
$ 315,217
|
$ 337,507
|
$ (22,290)
|
December 31, 2016
|
|||||
Ordinary
|
Capital
|
Total
|
|||
Admission Calculation Components SSAP No. 101
|
|||||
2(a)
|
Federal Income Taxes Paid in Prior Years
|
||||
Recoverable Through Loss Carrybacks
|
$ 189,735
|
$ 21,620
|
$ 211,355
|
||
2(b)
|
Adjusted Gross Deferred Tax Assets Expected to
|
||||
be Realized (Excluding The Amount of Deferred
|
|||||
Tax Assets From 2(a) above) After Application of
|
|||||
the Threshold Limitation (the Lesser of 2(b)1 and
|
|||||
2(b)2 below)
|
87,353
|
16,509
|
103,862
|
||
1.
|
Adjusted Gross Deferred Tax Assets
|
||||
Expected to be Realized Following the
|
|||||
Balance Sheet Date
|
87,353
|
16,509
|
103,862
|
||
2.
|
Adjusted Gross Deferred Tax Assets
|
||||
Allowed per Limitation Threshold
|
XXX
|
XXX
|
203,977
|
||
2(c)
|
Adjusted Gross Deferred Tax Assets (Excluding
|
||||
The Amount Of Deferred Tax Assets From 2(a)
|
|||||
and 2(b) above) Offset by Gross Deferred Tax
|
|||||
Liabilities
|
277,912
|
55,315
|
333,227
|
||
2(d)
|
Deferred Tax Assets Admitted as the result of
application of SSAP No. 101, Total (2(a) + 2(b) + 2(c))
|
$ 555,000
|
$ 93,444
|
$ 648,444
|
December 31, 2015
|
|||||
Ordinary
|
Capital
|
Total
|
|||
Admission Calculation Components SSAP No. 101
|
|||||
2(a)
|
Federal Income Taxes Paid in Prior Years
|
||||
Recoverable Through Loss Carrybacks
|
$ 205,446
|
$ 17,106
|
$ 222,552
|
||
2(b)
|
Adjusted Gross Deferred Tax Assets Expected to
|
||||
be Realized (Excluding The Amount of Deferred
|
|||||
Tax Assets From 2(a) above) After Application of
|
|||||
the Threshold Limitation (the Lesser of 2(b)1 and
|
|||||
2(b)2 below)
|
76,949
|
38,006
|
114,955
|
||
1.
|
Adjusted Gross Deferred Tax Assets
|
||||
Expected to be Realized Following the
|
|||||
Balance Sheet Date
|
76,949
|
38,006
|
114,955
|
||
2.
|
Adjusted Gross Deferred Tax Assets
|
||||
Allowed per Limitation Threshold
|
XXX
|
XXX
|
174,970
|
||
2(c)
|
Adjusted Gross Deferred Tax Assets (Excluding
|
||||
The Amount Of Deferred Tax Assets From 2(a)
|
|||||
and 2(b) above) Offset by Gross Deferred Tax
|
|||||
Liabilities
|
209,920
|
57,919
|
267,839
|
||
2(d)
|
Deferred Tax Assets Admitted as the result of
application of SSAP No. 101, Total (2(a) + 2(b) + 2(c))
|
$ 492,315
|
$ 113,031
|
$ 605,346
|
Change
|
|||||
Ordinary
|
Capital
|
Total
|
|||
Admission Calculation Components SSAP No. 101
|
|||||
2(a)
|
Federal Income Taxes Paid in Prior Years
|
||||
Recoverable Through Loss Carrybacks
|
$ (15,711)
|
$ 4,514
|
$ (11,197)
|
||
2(b)
|
Adjusted Gross Deferred Tax Assets Expected to
|
||||
be Realized (Excluding The Amount of Deferred
|
|||||
Tax Assets From 2(a) above) After Application of
|
|||||
the Threshold Limitation (the Lesser of 2(b)1 and
|
|||||
2(b)2 below)
|
10,404
|
(21,497)
|
(11,093)
|
||
1.
|
Adjusted Gross Deferred Tax Assets
|
||||
Expected to be Realized Following the
|
|||||
Balance Sheet Date
|
10,404
|
(21,497)
|
(11,093)
|
||
2.
|
Adjusted Gross Deferred Tax Assets
|
||||
Allowed per Limitation Threshold
|
XXX
|
XXX
|
29,007
|
||
2(c)
|
Adjusted Gross Deferred Tax Assets (Excluding
|
||||
The Amount Of Deferred Tax Assets From 2(a)
|
|||||
and 2(b) above) Offset by Gross Deferred Tax
|
|||||
Liabilities
|
67,992
|
(2,604)
|
65,388
|
||
2(d)
|
Deferred Tax Assets Admitted as the result of
application of SSAP No. 101, Total (2(a) + 2(b) + 2(c))
|
$ 62,685
|
$ (19,587)
|
$ 43,098
|
December 31
|
||||
2016
|
2015
|
Change
|
||
Ratio Percentage Used To Determine Recovery
|
||||
Period and Threshold Limitation Amount
|
674%
|
672%
|
2%
|
|
Amount of Adjusted Capital and Surplus Used To
|
||||
Determine Recovery Period and Threshold
|
||||
Limitation in 2(b)2 above
|
$ 1,359,844
|
$ 1,166,465
|
$ 193,379
|
December 31, 2016
|
||||
Ordinary
|
Capital
|
|||
Percent
|
Percent
|
Total Percent
|
||
(% of Total Adjusted Gross DTAs)
|
0%
|
0%
|
0%
|
|
(% of Total Net Admitted Adjusted Gross DTAs)
|
0%
|
18%
|
3%
|
|
December 31, 2015
|
||||
Ordinary
|
Capital
|
|||
Percent
|
Percent
|
Total Percent
|
||
(% of Total Adjusted Gross DTAs)
|
0%
|
82%
|
10%
|
|
(% of Total Net Admitted Adjusted Gross DTAs)
|
0%
|
34%
|
6%
|
Year Ended December 31
|
|||||
2016
|
2015
|
Change
|
|||
Current Income Tax
|
|||||
Federal
|
$ 14,354
|
$ (29,748)
|
$ 44,102
|
||
Subtotal
|
14,354
|
(29,748)
|
44,102
|
||
Federal income tax on net capital gains
|
3,804
|
17,108
|
(13,304)
|
||
Federal and foreign income taxes incurred
|
$ 18,158
|
$ (12,640)
|
$ 30,798
|
||
Year Ended December 31
|
|||||
2015
|
2014
|
Change
|
|||
Current Income Tax
|
|||||
Federal
|
$ (29,748)
|
$ 196,140
|
$ (225,888)
|
||
Subtotal
|
(29,748)
|
196,140
|
(225,888)
|
||
Federal income tax on net capital gains
|
17,108
|
4,261
|
12,847
|
||
Federal and foreign income taxes incurred
|
$ (12,640)
|
$ 200,401
|
$ (213,041)
|
Year Ended December 31
|
||||
2016
|
2015
|
2014
|
||
Current income taxes incurred
|
$ 18,159
|
$ (12,640)
|
$ 200,401
|
|
Change in deferred income taxes
|
42,764
|
(105,861)
|
23,946
|
|
(without tax on unrealized gains and losses)
|
||||
Total income tax reported
|
$ 60,923
|
$ (118,501)
|
$ 224,347
|
|
Income before taxes
|
$ 433,722
|
$ 198,070
|
$ 558,113
|
|
35.00%
|
35.00%
|
35.00%
|
||
Expected income tax expense (benefit) at 35%
|
||||
statutory rate
|
$ 151,803
|
$ 69,325
|
$ 195,340
|
|
Increase (decrease) in actual tax reported resulting from:
|
||||
Dividends received deduction
|
(11,217)
|
(13,319)
|
(10,219)
|
|
Tax credits
|
(12,804)
|
(43,238)
|
(8,934)
|
|
Tax-exempt Income
|
(13)
|
(8)
|
(12)
|
|
Tax adjustment for IMR
|
(28,395)
|
(8,634)
|
(8,667)
|
|
Surplus adjustment for in-force ceded
|
(25,874)
|
(34,325)
|
93,779
|
|
Nondeductible expenses
|
107
|
382
|
973
|
|
Deferred tax benefit on other items in surplus
|
7,670
|
(78,300)
|
(26,022)
|
|
Provision to return
|
(201)
|
(2,526)
|
(3,964)
|
|
Life-owned life insurance
|
(1,281)
|
(1,283)
|
(1,319)
|
|
Dividends from certain foreign corporations
|
442
|
448
|
414
|
|
Prior period adjustment
|
–
|
(3,325)
|
–
|
|
Pre-tax income of single member limited liability company
|
2,234
|
(872)
|
(3,094)
|
|
Audit Adjustment - Permanent
|
(5,667)
|
–
|
–
|
|
Intercompany Dividends
|
(15,785)
|
(7,000)
|
–
|
|
Partnership Permanent Adjustment
|
(848)
|
4,077
|
–
|
|
Other
|
752
|
98
|
(3,928)
|
|
Total income tax reported
|
$ 60,923
|
$ (118,501)
|
$ 224,347
|
December 31
|
||||||
2016
|
||||||
General Account
|
Separate Account with Guarantees
|
Separate Account Non-Guaranteed
|
Total
|
Percent
|
||
Subject to discretionary withdrawal
|
||||||
With fair value adjustment
|
$ 11,168
|
$ 19,728
|
$ –
|
$ 30,896
|
0
|
%
|
At book value less surrender charge
|
||||||
of 5% or more
|
5,622
|
–
|
–
|
5,622
|
0
|
|
At fair value
|
4,016
|
–
|
16,489,244
|
16,493,260
|
77
|
|
Total with adjustment or at fair value
|
20,806
|
19,728
|
16,489,244
|
16,529,778
|
77
|
|
At book value without adjustment
|
||||||
(minimal or no charge or adjustment)
|
1,494,122
|
–
|
–
|
1,494,122
|
7
|
|
Not subject to discretionary withdrawal
|
||||||
provision
|
3,372,006
|
–
|
88,046
|
3,460,052
|
16
|
|
Total annuity reserves and deposit
|
||||||
liabilities
|
4,886,934
|
19,728
|
16,577,290
|
21,483,952
|
100
|
%
|
Less reinsurance ceded
|
298,987
|
–
|
–
|
298,987
|
||
Net annuity reserves and deposit
|
||||||
liabilities
|
$ 4,587,947
|
$ 19,728
|
$ 16,577,290
|
$ 21,184,965
|
December 31
|
||||||
2015
|
||||||
General Account
|
Separate Account with Guarantees
|
Separate Account Non-Guaranteed
|
Total
|
Percent
|
||
Subject to discretionary withdrawal
|
||||||
With fair value adjustment
|
$ 31,320
|
$ 20,565
|
$ –
|
$ 51,885
|
0
|
%
|
At book value less surrender charge
|
||||||
of 5% or more
|
11,894
|
–
|
–
|
11,894
|
0
|
|
At fair value
|
4,063
|
–
|
17,914,618
|
17,918,681
|
69
|
|
Total with adjustment or at fair value
|
47,277
|
20,565
|
17,914,618
|
17,982,460
|
69
|
|
At book value without adjustment
|
||||||
(minimal or no charge or adjustment)
|
3,639,498
|
–
|
–
|
3,639,498
|
14
|
|
Not subject to discretionary withdrawal
|
||||||
provision
|
4,433,305
|
–
|
93,166
|
4,526,471
|
17
|
|
Total annuity reserves and deposit
|
||||||
liabilities
|
8,120,080
|
20,565
|
18,007,784
|
26,148,429
|
100
|
%
|
Less reinsurance ceded
|
3,891,981
|
–
|
–
|
3,891,981
|
||
Net annuity reserves and deposit
|
||||||
liabilities
|
$ 4,228,099
|
$ 20,565
|
$ 18,007,784
|
$ 22,256,448
|
Nonindexed
|
||||||||
Guarantee
|
Nonguaranteed
|
|||||||
Guaranteed
|
Less Than or
|
Separate
|
||||||
Indexed
|
Equal to 4%
|
Accounts
|
Total
|
|||||
Premiums, deposits and other
|
||||||||
considerations for the year
|
||||||||
ended December 31, 2015
|
$
|
–
|
$
|
198
|
$
|
900,198
|
$
|
900,396
|
Reserves for separate accounts
|
||||||||
as of December 31, 2015 with
|
||||||||
assets at fair value
|
$
|
–
|
$
|
20,565
|
$
|
21,174,797
|
$
|
21,195,362
|
Total as of December 31, 2015
|
$
|
–
|
$
|
20,565
|
$
|
21,174,797
|
$
|
21,195,362
|
Reserves for separate accounts by
|
||||||||
withdrawal characteristics as of
|
||||||||
December 31, 2015:
|
||||||||
With fair value adjustment
|
$
|
–
|
$
|
20,565
|
$
|
–
|
$
|
20,565
|
At fair value
|
–
|
–
|
21,081,630
|
21,081,630
|
||||
Not subject to discretionary
|
||||||||
withdrawal
|
–
|
–
|
93,167
|
93,167
|
||||
Total separate account liabilities
|
||||||||
at December 31, 2015
|
$
|
–
|
$
|
20,565
|
$
|
21,174,797
|
$
|
21,195,362
|
Nonindexed
|
||||||||
Guarantee
|
Nonguaranteed
|
|||||||
Guaranteed
|
Less Than or
|
Separate
|
||||||
Indexed
|
Equal to 4%
|
Accounts
|
Total
|
|||||
Premiums, deposits and other
|
||||||||
considerations for the year
|
||||||||
ended December 31, 2014
|
$
|
–
|
$
|
90
|
$
|
888,802
|
$
|
888,892
|
Reserves for separate accounts
|
||||||||
as of December 31, 2014 with
|
||||||||
assets at fair value
|
$
|
–
|
$
|
21,367
|
$
|
21,868,175
|
$
|
21,889,542
|
Total as of December 31, 2014
|
$
|
–
|
$
|
21,367
|
$
|
21,868,175
|
$
|
21,889,542
|
Reserves for separate accounts by
|
||||||||
withdrawal characteristics as of
|
||||||||
December 31, 2014:
|
||||||||
With fair value adjustment
|
$
|
–
|
$
|
21,367
|
$
|
–
|
$
|
21,367
|
At fair value
|
–
|
–
|
21,770,891
|
21,770,891
|
||||
Not subject to discretionary
|
||||||||
withdrawal
|
–
|
–
|
97,284
|
97,284
|
||||
Total separate account liabilities
|
||||||||
at December 31, 2014
|
$
|
–
|
$
|
21,367
|
$
|
21,868,175
|
$
|
21,889,542
|
Year Ended December 31
|
|||
2016
|
2015
|
2014
|
|
Transfer as reported in the summary of
|
|||
operations of the separate accounts
|
|||
statement:
|
|||
Transfers to separate accounts
|
$ 810,679
|
$ 907,989
|
$ 889,269
|
Transfers from separate accounts
|
(1,153,614)
|
(1,381,485)
|
(1,351,592)
|
Net transfers from separate accounts
|
(342,935)
|
(473,496)
|
(462,323)
|
Miscellaneous reconciling adjustments
|
128,436
|
245,172
|
166,002
|
Net transfers as reported in the statement
|
|||
of operations of the life, accident and health
|
|||
annual statement
|
$ (214,499)
|
$ (228,324)
|
$ (296,321)
|
2016
|
2015
|
|
Group annuities
|
$ 2,297,161
|
$ 2,174,583
|
Variable annuities
|
$ 16,575,392
|
15,845,604
|
Variable universal life
|
$ 385,393
|
379,720
|
Variable life
|
$ 2,812,022
|
2,887,049
|
Modified separate account
|
$ 22,062
|
21,804
|
WRL asset accumulator
|
$ 10,069
|
10,873
|
Total separate account assets
|
$ 22,102,099
|
$ 21,319,633
|
Subjected
|
Gross Amount of
|
Reinsurance
|
|
Account
|
Reserve
|
||
Benefit and Type of Risk
|
Value
|
Reserve Held
|
Credit
|
December 31, 2016
|
|||
Minimum guaranteed death benefit
|
$ 9,209,972
|
$ 31,208
|
$ 18,546
|
Minimum guaranteed income benefit
|
602,234
|
107,989
|
93,632
|
Minimum guaranteed withdrawal benefit
|
614,637
|
–
|
–
|
December 31, 2015
|
|||
Minimum guaranteed death benefit
|
$ 9,044,951
|
$ 21,962
|
$ 14,416
|
Minimum guaranteed income benefit
|
650,495
|
78,296
|
70,325
|
Minimum guaranteed withdrawal benefit
|
676,512
|
–
|
–
|
Gross
|
Loading
|
Net
|
|
December 31, 2016
|
|||
Life and annuity:
|
|||
Ordinary direct first-year business
|
$ 14,525
|
$ 12,178
|
$ 2,347
|
Ordinary direct renewal business
|
177,650
|
37,981
|
139,669
|
Group life direct business
|
9,595
|
2,641
|
6,954
|
Credit direct business
|
187
|
–
|
187
|
Reinsurance ceded
|
(21,860)
|
–
|
(21,860)
|
$ 180,097
|
$ 52,800
|
$ 127,297
|
|
Accident and health
|
60,509
|
–
|
60,509
|
$ 240,606
|
$ 52,800
|
$ 187,806
|
|
Gross
|
Loading
|
Net
|
|
December 31, 2015
|
|||
Life and annuity:
|
|||
Ordinary direct first-year business
|
$ 13,984
|
$ 11,667
|
$ 2,317
|
Ordinary direct renewal business
|
182,599
|
41,472
|
141,127
|
Group life direct business
|
10,761
|
3,027
|
7,734
|
Credit direct business
|
210
|
–
|
210
|
Reinsurance ceded
|
(23,339)
|
–
|
(23,339)
|
$ 184,215
|
$ 56,166
|
$ 128,049
|
|
Accident and health
|
66,918
|
–
|
66,918
|
$ 251,133
|
$ 56,166
|
$ 194,967
|
For Year
|
Balance
|
Interest Paid
|
Cumulative
|
Accrued
|
Ending
|
Outstanding
|
Current Year
|
Interest Paid
|
Interest
|
2016
|
||||
CGC
|
$ 102,734
|
$ 6,164
|
$ 80,187
|
$ 514
|
TA Corp
|
57,266
|
3,436
|
35,225
|
286
|
Total
|
$ 160,000
|
$ 9,600
|
$ 115,412
|
$ 800
|
2015
|
||||
CGC
|
$ 102,734
|
$ 6,164
|
$ 74,023
|
$ 514
|
TA Corp
|
57,266
|
3,436
|
31,790
|
286
|
Total
|
$ 160,000
|
$ 9,600
|
$ 105,813
|
$ 800
|
Fair Value
|
||
Open
|
$
|
425,817
|
30 days or less
|
–
|
|
31 to 60 days
|
–
|
|
61 to 90 days
|
–
|
|
Greater than 90 days
|
–
|
|
Total
|
425,817
|
|
Securities received
|
–
|
|
Total collateral received
|
$
|
425,817
|
Amortized Cost
|
Fair Value
|
||||
Open
|
$
|
64,657
|
$
|
64,657
|
|
30 days or less
|
193,281
|
193,281
|
|||
31 to 60 days
|
59,319
|
59,319
|
|||
61 to 90 days
|
37,085
|
37,085
|
|||
91 to 120 days
|
20,346
|
20,346
|
|||
121 to 180 days
|
51,187
|
51,187
|
|||
Total
|
425,875
|
425,875
|
|||
Securities received
|
–
|
–
|
|||
Total collateral reinvested
|
$
|
425,875
|
$
|
425,875
|
Receivable from
|
Amount
|
Due By
|
Interest Rate
|
|
TA Corp
|
$ 74,100
|
December 31, 2017
|
0.47%
|
Receivable from
|
Amount
|
Due By
|
Interest Rate
|
|
TA Corp
|
$ 9,200
|
July 16, 2016
|
0.16%
|
|
TA Corp
|
17,000
|
July 20, 2016
|
0.16%
|
|
TA Corp
|
200,000
|
July 28, 2016
|
0.16%
|
|
TA Corp
|
26,500
|
October 27, 2016
|
0.25%
|
SCA Entity
|
Percentage of SCA Ownership
|
Gross Amount
|
Admitted Amount
|
Nonadmitted Amount
|
||||
SSAP No. 97 8a Entities
|
||||||||
None
|
–
|
%
|
$
|
–
|
$
|
–
|
$
|
–
|
Total SSAP No. 97 8a Entities
|
XXX
|
$
|
–
|
$
|
–
|
$
|
–
|
|
SSAP No. 97 8b(ii) Entities
|
||||||||
None
|
–
|
%
|
$
|
–
|
$
|
–
|
$
|
–
|
Total SSAP No. 97 8b(ii) Entities
|
XXX
|
$
|
–
|
$
|
–
|
$
|
–
|
|
SSAP No. 97 8b(iii) Entities
|
||||||||
REAL ESTATE ALTERN PORT 3A INC
|
37.00
|
%
|
$
|
11,909
|
$
|
11,909
|
$
|
–
|
INTERSECURITIES INS AGENCY INC
|
100.00
|
–
|
–
|
–
|
||||
TRANSAMERICA ASSET MANAGEMENT INC
|
77.00
|
28,195
|
28,195
|
–
|
||||
TRANSAMERICA FUND SERVICES INC
|
44.13
|
–
|
–
|
–
|
||||
WORLD FIN GRP INSURANCE AGENCY INC
|
100.00
|
–
|
–
|
–
|
||||
AEGON DIRECT MARKETING SVC INC
|
73.55
|
–
|
–
|
–
|
||||
Total SSAP No. 97 8b(iii) Entities
|
XXX
|
$
|
40,104
|
$
|
40,104
|
$
|
–
|
|
SSAP No. 97 8b(iv) Entities
|
||||||||
None
|
–
|
%
|
$
|
–
|
$
|
–
|
$
|
–
|
Total SSAP No. 97 8b(iv) Entities
|
XXX
|
$
|
–
|
$
|
–
|
$
|
–
|
|
Total SSAP No. 97 8b Entities (except 8bi entities) (b+c+d+e)
|
XXX
|
$
|
40,104
|
$
|
40,104
|
$
|
–
|
|
Aggregate Total (a+e)
|
XXX
|
$
|
40,104
|
$
|
40,104
|
$
|
–
|
SCA Entity (Should be same entities as shown in M(1) above.)
|
Type of NAIC Filing*
|
Date of Filing to the NAIC
|
NAIC Valuation Amount
|
NAIC Response Received Y/N
|
NAIC Disallowed Entities Valuation Method, Submission Required Y/N
|
Code**
|
|
SSAP No. 97 8a Entities
|
|||||||
None
|
$
|
–
|
|||||
Total SSAP No. 97 8a Entities
|
–
|
–
|
$
|
–
|
–
|
–
|
–
|
SSAP No. 97 8b(ii) Entities
|
|||||||
None
|
$
|
–
|
|||||
Total SSAP No. 97 8b(ii) Entities
|
–
|
–
|
$
|
–
|
–
|
–
|
–
|
SSAP No. 97 8b(iii) Entities
|
|||||||
REAL ESTATE ALTERN PORT 3A INC
|
S2
|
12/21/2016
|
$
|
14,215
|
Y
|
N
|
I
|
INTERSECURITIES INS AGENCY INC
|
NA
|
–
|
N
|
N
|
I
|
||
TRANSAMERICA ASSET MANAGEMENT INC
|
S2
|
11/16/2016
|
47,762
|
Y
|
N
|
I
|
|
TRANSAMERICA FUND SERVICES INC
|
NA
|
–
|
N
|
N
|
I
|
||
WORLD FIN GRP INSURANCE AGENCY INC
|
NA
|
–
|
N
|
N
|
I
|
||
AEGON DIRECT MARKETING SVC INC
|
NA
|
–
|
N
|
N
|
I
|
||
Total SSAP No. 97 8b(iii) Entities
|
–
|
–
|
$
|
61,977
|
|||
SSAP No. 97 8b(iv) Entities
|
|||||||
None
|
$
|
–
|
–
|
–
|
–
|
||
Total SSAP No. 97 8b(iv) Entities
|
–
|
–
|
$
|
–
|
–
|
–
|
–
|
Total SSAP No. 97 8b Entities (except 8bi entities) (b+c+d+e)
|
–
|
–
|
$
|
61,977
|
–
|
–
|
–
|
Aggregate Total (a+e)
|
–
|
–
|
$
|
61,977
|
–
|
–
|
–
|
* S1 – Sub1, S2 – Sub2 or RDF – Resubmission of Disallowed Filing
|
|||||||
** I – Immaterial or M – Material
|
Total Direct
|
|||||||||
Name and Address of Managing
|
Types of
|
Types of
|
Premiums
|
||||||
General Agent or Third-Party
|
Exclusive
|
Business
|
Authority
|
Written/
|
|||||
Administrator
|
FEIN
|
Contract
|
Written
|
Granted
|
Produced By
|
||||
The Vanguard Group, Inc.
|
23-1945930
|
No
|
Deferred and Income
|
C, B, P, U
|
$ 558,092
|
||||
100 Vanguard Blvd.
|
Annuities
|
||||||||
Malvern, PA 19355
|
|||||||||
Gallagher Bollinger, Inc.
|
22-0781130
|
No
|
Group A&H, Life
|
C, CA, P, U
|
26,830
|
||||
101 JFK Parkway
|
|||||||||
Short Hills, NJ 07078
|
|||||||||
Affinion Group
|
20-0641090
|
No
|
AD&D
|
P
|
141,151
|
||||
6 High Ridge Park
|
|||||||||
Stamford, CT 06905
|
|||||||||
All Other TPA Premiums
|
102
|
||||||||
Total
|
$ 726,175
|
C-
|
Claims Payment
|
B-
|
Binding Authority1%
|
P-
|
Premium Collection
|
December 31
|
||
2016
|
2015
|
|
Aggregate maximum potential of future payments
|
||
of all guarantees (undiscounted)
|
$ 39
|
$ 72
|
Current liability recognized in financial statements:
|
||
Noncontingent liabilities
|
–
|
–
|
Contingent liabilities
|
–
|
–
|
Ultimate financial statement impact if action required:
|
||
Incurred claims
|
–
|
–
|
Other
|
39
|
$ 72
|
Total impact if action required
|
$ 39
|
$ 72
|
Year Ended December 31
|
||
2016
|
2015
|
|
Membership Stock:
|
||
Class A
|
$ –
|
$ –
|
Class B
|
10,000
|
10,000
|
Activity Stock
|
63,000
|
16,000
|
Excess Stock
|
–
|
–
|
Total
|
$ 73,000
|
$ 26,000
|
6 Months to
|
1 to Less
|
|||
Less Than
|
Less Than 1
|
Than 3
|
3 to 5
|
|
6 Months
|
Year
|
Years
|
Years
|
|
Membership Stock
|
||||
Class A
|
$ –
|
$ –
|
$ –
|
$ –
|
Class B
|
–
|
–
|
–
|
10,000
|
Total
|
$ –
|
$ –
|
$ –
|
$ 10,000
|
Fair Value
|
Carry Value
|
|
December 31, 2016
|
||
Total Collateral Pledged
|
$ 1,924,639
|
$ 1,883,635
|
Fair Value
|
Carry Value
|
|
Decemeber 31, 2015
|
||
Total Collateral Pledged
|
$ 925,622
|
$ 895,353
|
Fair Value
|
Carry Value
|
|
2016
|
||
Maximum Collateral Pledged
|
$ 1,924,639
|
$ 1,883,635
|
Fair Value
|
Carry Value
|
|
2015
|
||
Maximum Collateral Pledged
|
$ 954,381
|
$ 898,749
|
Funding
|
||
Agreements
|
||
General
|
Reserves
|
|
Account
|
Established
|
|
December 31, 2016
|
||
Debt
|
$ 1,175,000
|
$ –
|
Funding agreements
|
400,000
|
400,157
|
Other
|
–
|
–
|
Total
|
$ 1,575,000
|
$ 400,157
|
Funding
|
||
Agreements
|
||
General
|
Reserves
|
|
Account
|
Established
|
|
December 31, 2015
|
||
Debt
|
$ –
|
$ –
|
Funding agreements
|
400,000
|
–
|
Other
|
–
|
–
|
Total
|
$ 400,000
|
$ –
|
General
|
|
Account
|
|
2016
|
|
Debt
|
$ 1,175,000
|
Funding agreements
|
400,000
|
Other
|
–
|
Total
|
$ 1,575,000
|
Does the Company have
|
||
prepayment obligations
|
||
under the following
|
||
arrangements (yes/no)?
|
||
Debt
|
NO
|
|
Funding Agreements
|
NO
|
|
Other
|
N/A
|
Fair Value
|
||
Open
|
$
|
170,150
|
30 days or less
|
–
|
|
31 to 60 days
|
–
|
|
61 to 90 days
|
–
|
|
Greater than 90 days
|
–
|
|
Total
|
170,150
|
|
Securities received
|
–
|
|
Total collateral received
|
$
|
170,150
|
December 31,
|
|
2016
|
|
Balance Sheet:
|
|
Total assets as reported in the company's Annual Statement
|
41,515,552
|
Decrease Cash, cash equivalents and short-term investments
|
(40,000)
|
Increase accounts receivable
|
40,000
|
Decrease in other assets
|
(34,708)
|
Total assets as reported in the accompanying audited
|
|
statutory basis balance sheet
|
41,480,844
|
Liabilities as reported in the Company's Annual Statement
|
39,837,875
|
Decrease in Remmittances and items not allocated
|
(34,708)
|
Total liabilities as reported in the accompanying audited
|
|
statutory basis balance sheet
|
39,803,167
|
December 31,
|
|
2016
|
|
Statement of Cash Flow
|
|
Total net cash from operations in the Company's Annual Statement
|
2,614,332
|
Decrease Premiums collected, net of reinsurance
|
(2,886,342)
|
Increase Benefit and loss related payments
|
787,920
|
Total net cash from operations in the accompanying
|
|
audited statutory basis statement of cash flow
|
(272,010)
|
Total net cash from financing and miscellaneous sources in the
|
|
Company's Annual Statement
|
(1,011,385)
|
Decrease Reinsurance on deposit-type contracts and other
|
|
insurance liabilities
|
(1,300,249)
|
Increase Funds held under reinsurance treaties
|
|
with unauthorized reinsurers
|
3,398,671
|
Decrease other cash (applied) provided
|
(40,000)
|
Total net cash from financing and miscellaneous sources in the
|
|
accompanying audited statuotry basis satement of cash flow
|
1,047,037
|
Net change in cash, cash equivalents and short-term investments
|
|
due to reconciliation
|
(40,000)
|
Transamerica Corporation
|
|
EIN: 42-1484983
|
|
AFFILIATIONS SCHEDULE
|
|
YEAR ENDED DECEMBER 31, 2016
|
|
Attachment to Note 7
|
|
Entity Name
|
FEIN
|
Transamerica Corporation
|
42-1484983
|
AEGON Alliances Inc
|
56-1358257
|
AEGON Asset Management Services Inc
|
39-1884868
|
AEGON Assignment Corp (Illinois)
|
42-1477359
|
AEGON Assignment Corp of Kentucky
|
61-1314968
|
AEGON Direct Marketing Services Inc
|
42-1470697
|
AEGON Direct Marketing Services International Inc
|
52-1291367
|
AEGON Financial Services Group Inc
|
41-1479568
|
AEGON Institutional Markets Inc
|
61-1085329
|
AEGON Management Company
|
35-1113520
|
AEGON Structured Settlements Inc
|
61-1068209
|
AEGON USA Real Estate Services Inc
|
61-1098396
|
AEGON USA Realty Advisors of CA FKA Pensaprima Inc
|
20-5023693
|
AFSG Securities Corporation
|
23-2421076
|
AUSA Distribution Corporation (FKA Transamerica Retirement Solutions)
|
47-4460403
|
AUSA Properties Inc
|
27-1275705
|
Commonwealth General Corporation
|
51-0108922
|
Creditor Resources Inc
|
42-1079584
|
CRI Solutions Inc
|
52-1363611
|
Financial Planning Services Inc
|
23-2130174
|
Firebird Reinsurance Corporation
|
47-3331975
|
Garnet Assurance Corporation
|
11-3674132
|
Garnet Assurance Corporation II
|
14-1893533
|
Garnet Assurance Corporation III
|
01-0947856
|
Global Preferred RE LTD
|
98-0164807
|
Intersecurities Ins Agency
|
42-1517005
|
Investors Warranty of America Inc
|
42-1154276
|
LIICA RE I
|
20-5984601
|
LIICA RE II
|
20-5927773
|
Transamerica Corporation
|
|
EIN: 42-1484983
|
|
AFFILIATIONS SCHEDULE
|
|
YEAR ENDED DECEMBER 31, 2016
|
|
Attachment to Note 7
|
|
Entity Name
|
FEIN
|
Massachusetts Fidelity Trust
|
42-0947998
|
MLIC RE I Inc
|
01-0930908
|
Money Services Inc
|
42-1079580
|
Monumental General Administrators Inc
|
52-1243288
|
Pearl Holdings Inc I
|
20-1063558
|
Pearl Holdings Inc II
|
20-1063571
|
Pine Falls Re Inc
|
26-1552330
|
Real Estate Alternatives Portfolio 3A Inc
|
20-1627078
|
River Ridge Insurance Company
|
20-0877184
|
Short Hills Management
|
42-1338496
|
Stonebridge Benefit Services Inc
|
75-2548428
|
Stonebridge Life Insurance Company
|
03-0164230
|
Stonebridge Reinsurance Company
|
61-1497252
|
TCF Asset Management Corp
|
84-0642550
|
TCFC Air Holdings Inc
|
32-0092333
|
TCFC Asset Holdings Inc
|
32-0092334
|
The RCC Group Inc
|
13-3695273
|
TLIC Oakbrook Reinsurance Inc.
|
47-1026613
|
TLIC Riverwood Reinsurance Inc
|
45-3193055
|
TLIC Watertree Reinsurance Inc
|
81-3715574
|
Tranasmerica Advisors Life Insurance Company (FKA MLLIC)
|
91-1325756
|
Transamerica Accounts Holding Corp
|
36-4162154
|
Transamerica Affinity Services Inc
|
42-1523438
|
Transamerica Affordable Housing Inc
|
94-3252196
|
Transamerica Agency Network Inc (FKA: Life Inv Fin Group)
|
61-1513662
|
Transamerica Annuity Service Corporation
|
85-0325648
|
Transamerica Asset Management (fka Transamerica Fund Adviso)
|
59-3403585
|
Transamerica Capital Inc
|
95-3141953
|
Transamerica Corporation
|
|
EIN: 42-1484983
|
|
AFFILIATIONS SCHEDULE
|
|
YEAR ENDED DECEMBER 31, 2016
|
|
Attachment to Note 7
|
|
Entity Name
|
FEIN
|
Transamerica Casualty Insurance Company
|
31-4423946
|
Transamerica Commercial Finance Corp I
|
94-3054228
|
Transamerica Consumer Finance Holding Company
|
95-4631538
|
Transamerica Corporation (OREGON)
|
98-6021219
|
Transamerica Distribution Finance Overseas Inc
|
36-4254366
|
Transamerica Finance Corporation
|
95-1077235
|
Transamerica Financial Advisors FKA InterSecurities
|
59-2476008
|
Transamerica Financial Life Insurance Company
|
36-6071399
|
Transamerica Fund Services Inc
|
59-3403587
|
Transamerica Home Loan
|
95-4390993
|
Transamerica International Re (Bermuda) Ltd
|
98-0199561
|
Transamerica Investors Securities Corp
|
13-3696753
|
Transamerica Leasing Holdings Inc
|
13-3452993
|
Transamerica Life Insurance Company
|
39-0989781
|
Transamerica Pacific Insurance Co Ltd
|
94-3304740
|
Transamerica Premier Life Insurance Company
|
52-0419790
|
Transamerica Resources Inc (FKA: Nat Assoc Mgmt)
|
52-1525601
|
Transamerica Small Business Capital Inc
|
36-4251204
|
Transamerica Stable Value Solutions Inc
|
27-0648897
|
Transamerica Vendor Financial Services Corporation
|
36-4134790
|
United Financial Services Inc
|
52-1263786
|
WFG China Holdings Inc
|
20-2541057
|
World Fin Group Ins Agency of Massachusetts Inc
|
04-3182849
|
World Financial Group Inc
|
42-1518386
|
World Financial Group Ins Agency of Hawaii Inc
|
99-0277127
|
World Financial Group Insurance Agency of WY Inc
|
42-1519076
|
World Financial Group Insurance Agency
|
95-3809372
|
Zahorik Company Inc
|
95-2775959
|
Zero Beta Fund LLC
|
26-1298094
|
SCHEDULE I
|
Amount at
|
||||
Which Shown
|
||||
Fair
|
in the
|
|||
Type of Investment
|
Cost (1)
|
Value
|
Balance Sheet (2)
|
|
Fixed maturities
|
||||
Bonds:
|
||||
United States government and
|
||||
government agencies and
|
||||
authorities
|
$ 1,918,664
|
$ 1,918,639
|
$ 1,933,300
|
|
States, municipalities and political
|
||||
subdivisions
|
546,657
|
555,409
|
546,651
|
|
Foreign governments
|
215,641
|
224,479
|
215,641
|
|
Hybrid securities
|
316,139
|
309,163
|
316,139
|
|
All other corporate bonds
|
10,236,957
|
11,416,457
|
10,218,485
|
|
Preferred stocks
|
10,681
|
9,818
|
10,449
|
|
Total fixed maturities
|
13,244,739
|
14,433,964
|
13,240,665
|
|
Equity securities
|
||||
Common stocks:
|
||||
Industrial, miscellaneous and all
|
||||
other
|
73,117
|
111,964
|
111,964
|
|
Total equity securities
|
73,117
|
111,964
|
111,964
|
|
Mortgage loans on real estate
|
1,598,685
|
1,598,685
|
||
Real estate
|
226,688
|
226,688
|
||
Policy loans
|
926,400
|
926,400
|
||
Other long-term investments
|
257,527
|
257,527
|
||
Receivable for Securities
|
1,154
|
1,154
|
||
Securities Lending
|
425,875
|
425,875
|
||
Cash, cash equivalents and short-term
|
||||
investments
|
1,134,273
|
1,134,273
|
||
Total investments
|
$ 17,888,458
|
$ 17,923,232
|
||
(1)
|
Original cost of equity securities and, as to fixed maturities, original cost reduced by
|
|||
repayments and adjusted for amortization of premiums or accrual of discounts.
|
||||
(2)
|
United States government, state, municipal and political, hybrid and corporate bonds of $31,157 are held at fair value rather than amortized cost due to having an NAIC 6 rating. A preferred stock security is held at its fair value of $7,326 due to having an NAIC 6 rating.
|
SCHEDULE III
|
||||||||
Benefits,
|
||||||||
Claims
|
||||||||
Future Policy
|
Policy and
|
Net
|
Losses and
|
Other
|
||||
Benefits and
|
Unearned
|
Contract
|
Premium
|
Investment
|
Settlement
|
Operating
|
||
Expenses
|
Premiums
|
Liabilities
|
Revenue
|
Income*
|
Expenses
|
Expenses*
|
||
Year ended December 31, 2016
|
||||||||
Individual life
|
$ 7,871,102
|
$ –
|
$ 108,989
|
$ 1,280,727
|
$ 374,691
|
$ 1,021,572
|
$ 780,254
|
|
Individual health
|
943,236
|
25,921
|
52,368
|
604,965
|
48,396
|
583,032
|
184,394
|
|
Group life and health
|
602,867
|
23,520
|
81,892
|
625,305
|
31,012
|
344,371
|
282,335
|
|
Annuity
|
3,344,133
|
–
|
539
|
764,576
|
314,418
|
1,180,579
|
(112,011)
|
|
$ 12,761,338
|
$ 49,441
|
$ 243,788
|
$ 3,275,573
|
$ 768,517
|
$ 3,129,554
|
$ 1,134,972
|
||
Year ended December 31, 2015
|
||||||||
Individual life
|
$ 7,342,263
|
$ –
|
$ 115,608
|
$ 1,173,427
|
$ 363,846
|
$ 872,269
|
$ 799,628
|
|
Individual health
|
874,366
|
30,940
|
57,676
|
530,294
|
41,145
|
524,184
|
237,922
|
|
Group life and health
|
635,765
|
19,430
|
92,704
|
636,321
|
31,081
|
353,653
|
211,968
|
|
Annuity
|
3,363,955
|
–
|
676
|
778,135
|
330,277
|
949,835
|
(34,630)
|
|
Other
|
–
|
–
|
–
|
–
|
74,485
|
–
|
–
|
|
$ 12,216,349
|
$ 50,370
|
$ 266,664
|
$ 3,118,177
|
$ 840,834
|
$ 2,699,941
|
$ 1,214,888
|
||
Year ended December 31, 2014
|
||||||||
Individual life
|
$ 6,956,487
|
$ –
|
$ 130,400
|
$ 950,127
|
$ 372,068
|
$ 718,488
|
$ 648,770
|
|
Individual health
|
545,640
|
23,215
|
40,888
|
4,065,711
|
43,818
|
(13,748)
|
3,855,616
|
|
Group life and health
|
662,343
|
31,956
|
102,266
|
566,324
|
35,156
|
313,348
|
269,914
|
|
Annuity
|
3,660,269
|
–
|
941
|
755,164
|
374,929
|
1,222,721
|
(155,769)
|
|
$ 11,824,739
|
$ 55,171
|
$ 274,495
|
$ 6,337,326
|
$ 825,971
|
$ 2,240,809
|
$ 4,618,531
|
SCHEDULE IV
|
||||||
Assumed
|
Percentage
|
|||||
Ceded to
|
From
|
of Amount
|
||||
Gross
|
Other
|
Other
|
Net
|
Assumed
|
||
Amount
|
Companies
|
Companies
|
Amount
|
to Net
|
||
Year ended December 31, 2016
|
||||||
Life insurance in force
|
$ 219,520,173
|
$ 73,369,751
|
$ 338,978
|
$ 146,489,399
|
0%
|
|
Premiums:
|
||||||
Individual life
|
$ 1,719,001
|
$ 448,239
|
$ 9,965
|
$ 1,280,727
|
1%
|
|
Individual health
|
228,511
|
1,676
|
378,130
|
604,965
|
63%
|
|
Group life and health
|
630,029
|
85,628
|
80,904
|
625,305
|
13%
|
|
Annuity
|
723,545
|
(2,072,383)
|
(2,031,352)
|
764,576
|
-266%
|
|
$ 3,301,086
|
$ (1,536,840)
|
$ (1,562,353)
|
$ 3,275,573
|
-48%
|
||
Year ended December 31, 2015
|
||||||
Life insurance in force
|
$ 199,150,576
|
$ 77,398,265
|
$ 5,030,659
|
$ 126,782,970
|
4%
|
|
Premiums:
|
||||||
Individual life
|
$ 1,629,401
|
$ 464,671
|
$ 8,697
|
$ 1,173,427
|
1%
|
|
Individual health
|
145,438
|
4,720
|
388,714
|
529,432
|
73%
|
|
Group life and health
|
630,126
|
77,888
|
84,084
|
636,322
|
13%
|
|
Annuity
|
793,281
|
33,124
|
17,978
|
778,135
|
2%
|
|
$ 3,198,246
|
$ 580,403
|
$ 499,473
|
$ 3,117,316
|
16%
|
||
Year ended December 31, 2014
|
||||||
Life insurance in force
|
$ 184,738,794
|
$ 84,926,052
|
$ 5,804,983
|
$ 105,617,725
|
5%
|
|
Premiums:
|
||||||
Individual life
|
$ 1,468,449
|
$ 532,051
|
$ 13,729
|
$ 950,127
|
1%
|
|
Individual health
|
109,110
|
6,436
|
3,963,037
|
4,065,711
|
97%
|
|
Group life and health
|
594,400
|
90,136
|
62,059
|
566,323
|
11%
|
|
Annuity
|
768,531
|
36,250
|
22,884
|
755,165
|
3%
|
|
$ 2,940,490
|
$ 664,873
|
$ 4,061,709
|
$ 6,337,326
|
64%
|
||
Item 26
|
Exhibits
|
|
(a)
|
Board of Directors Resolution
|
|
(i)
|
Resolution of the Board of Directors of Western Reserve establishing the separate account (1)
|
|
(ii)
|
Resolution of TPLIC Board authorizing Plan of Merger and attached Plan of Merger (16)
|
|
(iii)
|
Resolution of WRL Board of Directors authorizing Plan of Merger and attached Plan of Merger (16)
|
|
(iv)
|
Resolution authorizing Re-domestication of Separate Account (16)
|
|
(b)
|
Not Applicable
|
|
(c)
|
Underwriting Contracts
|
|
(i)
|
Amended and Restated Principal Underwriting Agreement between Transamerica Capital, Inc. and Monumental Life dated March 1, 2013 (20)
|
|
(ii)
|
Amendment No. 1 to the Amended and Restated Principal Underwriting Agreement between Transamerica Capital, Inc. and Transamerica Premier Life Insurance Company (formerly, Monumental Life) (16)
|
|
(d)
|
Contracts
|
|
(i)
|
Endorsement (EL101) (2)
|
|
(ii)
|
Living Benefit Rider (4)
|
|
(iii)
|
Other Insured Rider (4)
|
|
(iv)
|
Acc. Pay Rider (Form ACCP) (an Accelerated Death Benefit Rider) (3)
|
|
(v)
|
Associates Plan Variable Life Insurance Policy (VL96) (6)
|
|
(vi)
|
Endorsement (EL114) (6)
|
|
(e)
|
Application
|
|
(i)
|
Application for Flexible Premium Variable Life Insurance Policy (10)
|
|
(f)
|
Depositor's Certificate of Incorporation and By-Laws
|
|
(i)
|
Amended and Restated Articles of Incorporation and Articles of Re-domestication of TPLIC (formerly, Monumental Life Insurance Company) (16)
|
|
(ii)
|
Amended By-Laws of TPLIC (formerly, Monumental Life Insurance Company) (16)
|
|
(g)
|
Reinsurance Contracts
|
|
(i)
|
Reinsurance Treaty dated September 30, 2000 and Amendments Thereto (5)
|
|
(ii)
|
Reinsurance Treaty dated July 1, 2002 and Amendments Thereto (5)
|
|
(h)
|
Participation Agreements
|
|
(i)
|
Participation Agreement among Transamerica Series Trust and Transamerica Life Insurance Company, Transamerica Financial Life Insurance Company, Monumental Life Insurance Company, and Western Reserve Life Assurance Co. of Ohio dated May 1, 2013 (15)
|
|
(ii)
|
Amendment No. 1 to Participation Agreement among Transamerica Series Trust and Transamerica Life Insurance Company, Transamerica Financial Life Insurance Company, Monumental Life Insurance Company, and Western Reserve Life Assurance Co. of Ohio dated May 1, 2013 (15)
|
|
(iii)
|
Revision to Schedule A dated September 3, 2013 of the Participation Agreement among Transamerica Series Trust and Transamerica Life Insurance Company, Transamerica Financial Life Insurance Company, Monumental Life Insurance Company, and Western Reserve Life Assurance Co. of Ohio dated May 1, 2013 (15)
|
|
(iv)
|
Revision to Schedule A dated September 18, 2013 of the Participation Agreement among Transamerica Series Trust and Transamerica Life Insurance Company, Transamerica Financial Life Insurance Company, Monumental Life Insurance Company, and Western Reserve Life Assurance Co. of Ohio dated May 1, 2013 (15)
|
|
(v)
|
Revision to Schedule A dated October 31, 2013 of the Participation Agreement among Transamerica Series Trust and Transamerica Life Insurance Company, Transamerica Financial Life Insurance Company, Monumental Life Insurance Company, and Western Reserve Life Assurance Co. of Ohio dated May 1, 2013 (15)
|
|
(vi)
|
Revision to Schedule A dated May 1, 2014 of the Participation Agreement among Transamerica Series Trust and Transamerica Life Insurance Company, Transamerica Financial Life Insurance Company, Monumental Life Insurance Company, and Western Reserve Life Assurance Co. of Ohio dated May 1, 2013 (21)
|
(vii)
|
Revision to Schedule A dated July 1, 2014 of the Participation Agreement among Transamerica Series Trust and Transamerica Life Insurance Company, Transamerica Financial Life Insurance Company, Monumental Life Insurance Company, and Western Reserve Life Assurance Co. of Ohio dated May 1, 2013 (21)
|
|
(viii)
|
Amendment No. 2 dated November 10, 2014 to Participation Agreement among Transamerica Series Trust and Transamerica Life Insurance Company, Transamerica Financial Life Insurance Company, and Transamerica Premier Life Insurance Company dated May 1, 2013 (21)
|
|
(ix)
|
Amended Schedule A to Participation Agreement dated 5-1-2015 (TST) (22)
|
|
(x)
|
Amended Schedule A to Participation Agreement dated 12-18-2015 (TST) (22)
|
|
(xi)
|
Amended Schedule A to Participation Agreement dated 3-21-2016 (TST) (22)
|
|
(xii)
|
Amended Schedule A to Participation Agreement dated 5-01-2016 (TST) (22)
|
|
(xiiii)
|
Amended Schedule A to Participation Agreement dated 12-16-2016 (TST) (23)
|
|
(xiv)
|
Amended Schedule A to Participation Agreement dated 5-1-2017 (TST) (23)
|
|
(xv)
|
Participation Agreement Among Variable Insurance Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 12-1-2000 (21)
|
|
(xvi)
|
Amendment No. 1 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 3-8-2004 (21)
|
|
(xvii)
|
Amendment No. 2 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 5-1-2005 (21)
|
|
(xviii)
|
Amendment No. 3 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 6-27-2007 (21)
|
|
(xvix)
|
Amendment No. 4 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 10-1-2007 (21)
|
|
(xx)
|
Amendment No. 5 (Privacy) to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Monumental Life Insurance Company (formerly, Peoples Benefit Life Insurance Company) dated 3-1-2012 (21)
|
|
(xxi)
|
Amendment No. 6 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Monumental Life Insurance Company (formerly, Peoples Benefit Life Insurance Company) dated 5-1-2013 (21)
|
|
(xxii)
|
Amendment No. 7 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Transamerica Premier Life Insurance Company (formerly, Monumental Life Insurance Company) dated 10-1-2014 (21)
|
(xxiii)
|
Summary Prospectus Agreement between WRL and Fidelity Distributors Corporation dated May 1, 2011 (12)
|
|
(xxiv)
|
Participation Agreement Among Western Reserve, ProFunds, Access One Trust and ProFund Advisors LLC dated June 6, 2006 (7)
|
|
(xxv)
|
Amendment No. 1 to Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFund Advisors LLC dated June 1, 2007 (8)
|
|
(xxvi)
|
Amendment No. 2 to Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFund Advisors LLC dated August 30, 2008 (8)
|
|
(xxvii)
|
Amendment No. 3 to Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFund Advisors LLC dated February 28, 2008 (9)
|
|
(xxviii)
|
Amendment No. 5 to ProFunds Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFunds Advisors LLC dated May 1, 2012 (12)
|
|
(xxix)
|
Amendment No. 6 to Participation Agreement among western Reserve Life Assurance Co. of Ohio and ProFunds, Access One Trust and ProFund Advisors LLC dated May 1, 2013 (14)
|
|
(xxx)
|
Amendment No. 7 to Participation Agreement among Transamerica Premier Life Insurance Company and ProFunds, Access One Trust and ProFund Advisors LLC dated June 2, 2016 (23)
|
|
(xxxi)
|
Confidentiality Amendment to ProFunds Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFunds Advisors LLC dated February 22, 2012 (12)
|
|
(xxxii)
|
Participation Agreement between AllianceBernstein Variable Products Series Fund, Inc. and Transamerica Premier Life Insurance Company (formerly, Monumental Life) dated August 2, 2000 (17)
|
|
(xxxiii)
|
Amendment to Participation Agreement Among AllianceBernstein Variable Products Series Fund, Inc. and TPLIC dated May 9, 2008 (17)
|
|
(xxxiv)
|
Amendment No. 2 to Participation Agreement between AllianceBernstein Variable Products Series Fund, Inc. and TPLIC dated March 1, 2012 (18)
|
|
(xxxv)
|
Amendment No. 3 to Participation Agreement between AllianceBernstein Variable Products Series Fund, Inc. and TPLIC dated April 30, 2014 (19)
|
|
(xxxvi)
|
Amendment No. 4 to Participation Agreement between AllianceBernstein Variable Products Series Fund, Inc. and TPLIC dated October 1, 2014 (16)
|
|
(xxxvii)
|
Amended Schedule A to Participation Agreement dated 5-1-2015 (22)
|
|
(xxxviii)
|
Amendment No. 1 to Participation Agreement Among Franklin Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., Western Reserve Life Assurance Co. of Ohio and Transamerica Capital, Inc. dated May 1, 2009 (11)
|
|
(xxxix)
|
||
(xl)
|
Amendment No. 3 to Participation Agreement Among Franklin Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., Western Reserve Life Assurance Co. of Ohio and Transamerica Capital, Inc. dated October 31, 2011 (12)
|
|
(xli)
|
Amendment to Participation Agreement among Franklin Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., Western Reserve Life Assurance Co. of Ohio and Transamerica Capital, Inc. dated January 15, 2013 (14)
|
|
(xlii)
|
Addendum to Participation Agreement among Franklin Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., Western Reserve and Transamerica Capital, Inc. dated May 1, 2011(11)
|
|
(xliii)
|
Amendment No.6 to Participation Agreement Among Franklin Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., Western Reserve Life Assurance Co. of Ohio and Transamerica Capital, Inc. dated May 1, 2014 (21)
|
|
(xliv)
|
Amendment No.7 to Participation Agreement Among Franklin Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., Transamerica Premier Life Insurance Company (formerly, Western Reserve Life Assurance Co. of Ohio) and Transamerica Capital, Inc. dated September 30, 2014 (21)
|
|
(xlv)
|
Amendment No.8 to Participation Agreement Among Franklin Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., Transamerica Premier Life Insurance Company (formerly, Western Reserve Life Assurance Co. of Ohio) and Transamerica Capital, Inc. dated October 24, 2014 (21)
|
|
(i)
|
Not Applicable
|
|
(j)
|
Not Applicable
|
|
(k)
|
Legal Opinion - Opinion and Consent of Arthur D. Woods, Esq. as to the Legality of the Securities being Registered (2 4 )
|
|
(l)
|
Actuarial Opinion - Opinion and Consent of Nik Godon as to Actuarial Matters Pertaining to the Securities Being Registered (2 4 )
|
|
(m)
|
Sample Hypothetical Illustration (15)
|
|
(n)
|
Other Opinions:
|
|
(i)
|
Written Consent of PricewaterhouseCoopers LLP (2 4 )
|
|
(o)
|
Not Applicable
|
|
(p)
|
Not Applicable
|
|
(q)
|
Redeemability Exemption
|
|
(i)
|
Memorandum describing issuance, transfer and redemption procedures (17)
|
|
(r)
|
Powers of Attorney (2 3 )
|
|
(i)
|
Blake S. Bostwick
|
|
(ii)
|
C. Michael van Katwijk
|
|
(iii)
|
Mark W. Mullin
|
|
(iv)
|
Ja y Orlandi
|
|
(v)
|
David Schulz
|
|
(vi)
|
Eric J. Martin
|
(1)
|
This exhibit was previously filed on Post-Effective Amendment No. 16 to Form S-6 Registration Statement dated April 21, 1998 (File No. 33-31140) and is incorporated herein by reference.
|
(2)
|
This exhibit was previously filed on Post-Effective Amendment No. 4 to Form S-6 Registration Statement dated April 21, 1999 (File No. 333-23359) and is incorporated herein by reference.
|
(3)
|
This exhibit was previously filed on Post-Effective Amendment No. 3 to Form S-6 Registration Statement dated February 28, 2002 (File No. 333-58322) and is incorporated herein by reference.
|
(4)
|
This exhibit was previously filed on the Initial Registration Statement to Form S-6 dated April 5, 2001 (File No. 333-58322) and is incorporated herein by reference.
|
(5)
|
This exhibit was previously filed on Pre-Effective Amendment No. 1 to Form N-6 Registration Statement dated January 31, 2003 (File No. 333-100993) and is incorporated herein by reference.
|
(6)
|
This exhibit was previously filed on Post-Effective Amendment No. 5 to Form N-6 Registration Statement dated February 10, 2003 (File No. 333-58322) and is incorporated herein by reference.
|
(7)
|
This exhibit was previously filed on Initial Registration Statement to Form N-6 Registration Statement dated June 14, 2006 (File No. 333-135005) and is incorporated herein by reference.
|
(8)
|
This exhibit was previously filed on Post-Effective Amendment No. 8 to Form N-6 Registration Statement dated April 25, 2008 (File No. 333-61654) and is incorporated herein by reference.
|
(9)
|
This exhibit was previously filed on Post-Effective Amendment No. 6 to Form N-6 Registration Statement dated April 11, 2008 (File No. 333-110315) and is incorporated herein by reference.
|
(10)
|
This exhibit was previously filed on Post-Effective Amendment No. 6 to Form N-6 Registration Statement dated April 27, 2009 (File No. 333-135005) and is incorporated herein by reference.
|
(11)
|
This exhibit was previously filed on Post-Effective Amendment No. 13 to Form N-6 Registration Statement dated April 18, 2011 (File No. 333-135005) and is incorporated herein by reference.
|
(12)
|
This exhibit previously filed on Post-Effective amendment No. 16 to Form N-6 Registration Statement dated April 18, 2012 (File No. 333-107705) and is incorporated herein by reference.
|
(13)
|
This exhibit previously filed on Post-Effective Amendment No. 15 to Form N-6 Registration Statement dated April 22, 2013 (File No. 333-110315) and is incorporated herein by reference.
|
(14)
|
This exhibit previously filed on Post-Effective Amendment No. 16 to Form N-6 Registration Statement dated April 29, 2014 (File No. 333-110315) and is incorporated herein by reference.
|
(15)
|
This exhibit was previously filed on Post-Effective Amendment No. 2 to Form N-6 Registration Statement dated April 30, 2014 (File No. 333-157211) and is incorporated herein by reference.
|
(16)
|
This exhibit was previously filed on the Initial Filing to Form N-6 Registration Statement dated October 1, 2014 (File No. 333-199047) and is incorporated herein by reference.
|
(17)
|
This exhibit was previously filed on Post-Effective amendment No. 5 to Form N-4 Registration Statement dated April 29, 2009 (File No. 333-146323) and is incorporated herein by reference.
|
(18)
|
This exhibit was previously filed on Post-Effective amendment No. 9 to Form N-4 Registration Statement dated April 25, 2013 (File No. 333-146323) and is incorporated herein by reference.
|
(19)
|
This exhibit was previously filed on Post-Effective amendment No. 10 to Form N-4 Registration Statement dated April 30, 2014 (File No. 333-146323) and is incorporated herein by reference.
|
(20)
|
This exhibit was previously filed on Post-Effective amendment No. 9 to Form N-4 Registration Statement dated April 25, 2013 (File No. 333-146323) and is incorporated herein by reference.
|
(21)
|
This exhibit was previously filed on Post-Effective amendment No. 1 to Form N-6 Registration Statement dated April 28, 2015 (File No. 333-199047) and is incorporated herein by reference.
|
(22)
|
This exhibit was previously filed on Post-Effective amendment No. 2 to Form N-6 Registration Statement dated April 27, 2016 (File No. 333-199047) and is incorporated herein by reference.
|
(23)
|
This exhibit was previously filed on Post-Effective amendment No. 3 to Form N-6 Registration Statement dated April 26, 2017 (File No. 333-199047) and is incorporated herein by reference.
|
(24)
|
Filed herewith.
|
Name
|
Principal
Business
Address
|
Position and Offices with Depositor
|
Blake B. Bostwick
|
(1)
|
Director and President
|
C. Michiel van Katwijk
|
(2)
|
|
Mark W. Mullin
|
(2)
|
Director and Chairman of the Board
|
Jay Orlandi
|
(2)
|
Director, Executive Vice President, General Counsel and Secretary
|
David Schulz
|
(3)
|
Director, Chief Tax Officer and Senior Vice President
|
Eric J. Martin
|
(3)
|
Assistant Treasurer, Controller and Senior Vice President
|
(1)
|
1801 California Street, Suite 5200, Denver, CO 80202-2642
|
(2)
|
100 Light St., Baltimore, MD 21202
|
(3)
|
4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499-0001
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
25 East 38th Street, LLC
|
Delaware
|
Sole Member: Yarra Rapids, LLC
|
Real estate investments
|
239 West 20th Street, LLC
|
Delaware
|
Sole Member: Yarra Rapids, LLC
|
Real estate investments
|
313 East 95th Street, LLC
|
Delaware
|
Sole Member: Yarra Rapids, LLC
|
Real estate investments
|
319 East 95th Street, LLC
|
Delaware
|
Sole Member: Yarra Rapids, LLC
|
Real estate investments
|
AEGON Affordable Housing Debt Fund I, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
AEGON Asset Management Services, Inc.
|
Delaware
|
100% AUSA Holding, LLC
|
Registered investment advisor
|
AEGON Assignment Corporation
|
Illinois
|
100% AEGON Financial Services Group, Inc.
|
Administrator of structured settlements
|
AEGON Assignment Corporation of Kentucky
|
Kentucky
|
100% AEGON Financial Services Group, Inc.
|
Administrator of structured settlements
|
Aegon Community Investments 50, LLC
|
Delaware
|
Members: Aegon Community Investments 50, LLC (0.10%); Transamerica Financial Life Insurance Company (25.49750%); Transamerica Premier Life Insurance Company (25.49750%); non-AEGON affiliate, Citibank, N.A. (48.9950%)
|
Investments
|
Aegon Community Investments 51, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
AEGON Direct Marketing Services, Inc.
|
Maryland
|
Transamerica Premier Life Insurance Company owns 103,324 shares; Commonwealth General Corporation owns 37,161 shares
|
Marketing company
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
AEGON Direct Marketing Services International, Inc.
|
Maryland
|
100% AUSA Holding, LLC
|
Marketing arm for sale of mass marketed insurance coverage
|
AEGON Direct Marketing Services Mexico, S.A. de C.V.
|
Mexico
|
100% AEGON DMS Holding B.V.
|
Provide management advisory and technical consultancy services.
|
|
|||
AEGON Direct Marketing Services Mexico Servicios, S.A. de C.V.
|
Mexico
|
100% AEGON DMS Holding B.V.
|
Provide marketing, trading, telemarketing and advertising services in favor of any third party, particularly in favor of insurance and reinsurance companies.
|
AEGON Financial Services Group, Inc.
|
Minnesota
|
100% Transamerica Life Insurance Company
|
Marketing
|
AEGON Funding Company, LLC.
|
Delaware
|
Sole Member: Transamerica Corporation
|
Issue debt securities-net proceeds used to make loans to affiliates
|
Aegon Global Services, LLC
|
Iowa
|
Sole Member: Commonwealth General Corporation
|
Holding company
|
AEGON Institutional Markets, Inc.
|
Delaware
|
100% Commonwealth General Corporation
|
Provider of investment, marketing and administrative services to insurance companies
|
AEGON Life Insurance Agency Inc.
|
Taiwan
|
100% AEGON Direct Marketing Services, Inc. (Taiwan Domiciled)
|
Life insurance
|
Aegon LIHTC Fund 50, LLC
|
Delaware
|
Members: Aegon Community Investments 50, LLC (0.01%); Transamerica Financial Life Insurance Company (25.49750%); Transamerica Premier Life Insurance Company (25.49750%); non-
Sole Member: Aegon Community Investments 50, LLC (managing member) |
Investments
|
Aegon LIHTC Fund 51, LLC
|
Delaware
|
Sole Member: Aegon Community Investments 51, LLC
|
Investments
|
AEGON Managed Enhanced Cash, LLC
|
Delaware
|
Members: Transamerica Life Insurance Company (84.3972%) ; Transamerica Premier Life Insurance Company (15.6028%)
|
Investment vehicle for securities lending cash collateral
|
AEGON Management Company
|
Indiana
|
100% Transamerica Corporation
|
Holding company
|
AEGON N.V.
|
Netherlands
|
22.446% of Vereniging AEGON Netherlands Membership Association
|
Holding company
|
AEGON Structured Settlements, Inc.
|
Kentucky
|
100% Commonwealth General Corporation
|
Administers structured settlements of plaintiff's physical injury claims against property and casualty insurance companies.
|
AEGON USA Asset Management Holding, LLC
|
Iowa
|
Sole Member: AUSA Holding, LLC
|
Holding company
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
AEGON USA Investment Management, LLC
|
Iowa
|
Sole Member: AEGON USA Asset Management Holding, LLC
|
Investment advisor
|
AEGON USA Real Estate Services, Inc.
|
Delaware
|
100% AEGON USA Realty Advisors, Inc.
|
Real estate and mortgage holding company
|
|
|||
AEGON USA Realty Advisors, LLC
|
Iowa
|
Sole Member: AEGON USA Asset Management Holding, LLC
|
Administrative and investment services
|
AEGON USA Realty Advisors of California, Inc.
|
Iowa
|
100% AEGON USA Realty Advisors, Inc.
|
Investments
|
AFSG Securities Corporation
|
Pennsylvania
|
100% Commonwealth General Corporation
|
Inactive
|
AHDF Manager I, LLC
|
Delaware
|
Sole Member: AEGON USA Realty Advisors, LLC
|
Investments
|
ALH Properties Eight LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
ALH Properties Eleven LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
ALH Properties Four LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
ALH Properties Nine LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
ALH Properties Seven LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
ALH Properties Seventeen LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
ALH Properties Sixteen LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
ALH Properties Ten LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
ALH Properties Twelve LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
ALH Properties Two LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
AMTAX HOLDINGS 308, LLC
|
Ohio
|
TAHP Fund II, LLC - 100% member; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 347, LLC
|
Ohio
|
TAHP Fund II, LLC - 100% member; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 388, LLC
|
Ohio
|
TAHP Fund II, LLC - 100% member; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
AMTAX HOLDINGS 483, LLC
|
Ohio
|
TAHP Fund I, LLC - 100% MEMBER; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 546, LLC
|
Ohio
|
TAHP Fund II, LLC - 100% member; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
|
|||
AMTAX HOLDINGS 559, LLC
|
Ohio
|
TAHP Fund I, LLC - 100% MEMBER; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 561, LLC
|
Ohio
|
TAHP Fund VII, LLC - 100% member; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 567, LLC
|
Ohio
|
TAHP Fund I, LLC - 100% MEMBER; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 588, LLC
|
Ohio
|
TAHP Fund I, LLC - 100% MEMBER; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 613, LLC
|
Ohio
|
Garnet LIHTC Fund VII, LLC - 99% member; Cupples State LIHTC Investors, LLC - 1% member; TAH Pentagon Funds, LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 639, LLC
|
Ohio
|
TAHP Fund I, LLC - 100% MEMBER; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 649, LLC
|
Ohio
|
TAHP Fund I, LLC - 100% MEMBER; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 672, LLC
|
Ohio
|
TAHP Fund I, LLC - 100% MEMBER; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
AMTAX HOLDINGS 713, LLC
|
Ohio
|
TAHP Fund II, LLC - 100% member; TAH Pentagon Funds LLC - non-owner manager
|
Affordable housing
|
Apollo Housing Capital Arrowhead Gardens, LLC
|
Delaware
|
Sole Member: Garnet LIHTC Fund XXXV, LLC
|
Affordable housing
|
AUIM Credit Opportunities Fund, Ltd.
|
Delaware
|
100% AEGON USA Investment Management, LLC
|
Investment vehicle
|
AUSA Holding, LLC
|
Maryland
|
Sole Member: 100% Transamerica Corporation
|
Holding company
|
AUSA Properties, Inc.
|
Iowa
|
100% AEGON USA Realty Advisors, LLC
|
Own, operate and manage real estate
|
AXA Equitable AgriFinance, LLC
|
Delaware
|
Members: AEGON USA Realty Advisors, LLC (50%); AXA Equitable Life Insurance Company, a non-affiliate of AEGON (50%)
|
Agriculturally-based real estate advisory services
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Barfield Ranch Associates, LLC
|
Florida
|
Members: Mitigation Manager, LLC (50%); non-affiliate of AEGON, OBPFL-Barfield, LLC (50%)
|
Investments
|
Bay Area Community Investments I, LP
|
California
|
Partners: 69.995% Transamerica Life Insurance Company; 29.995% Transamerica Premier Life Insurance Company; 0.01% Transamerica Affordable housing, Inc.
|
Investments in low income housing tax credit properties
|
Bay State Community Investments I, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments in low income housing tax credit properties
|
Bay State Community Investments II, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments in low income housing tax credit properties
|
Carle Place Leasehold SPE, LLC
|
Delaware
|
Sole Member: Transamerica Financial Life Insurance Company
|
Lease holder
|
Cedar Funding, Ltd.
|
Cayman Islands
|
100% Transamerica Life Insurance Company
|
Investments
|
Commonwealth General Corporation
|
Delaware
|
100% Transamerica Corporation
|
Holding company
|
Creditor Resources, Inc.
|
Michigan
|
100% AUSA Holding, LLC
|
Credit insurance
|
CRI Solutions Inc.
|
Maryland
|
100% Creditor Resources, Inc.
|
Sales of reinsurance and credit insurance
|
Cupples State LIHTC Investors, LLC
|
Delaware
|
Sole Member: Garnet LIHTC Fund VIII, LLC
|
Investments
|
FD TLIC, Limited Liability Company
|
New York
|
100% Transamerica Life Insurance Company
|
Broadway production
|
FGH Realty Credit LLC
|
Delaware
|
Sole Member: FGH USA, LLC
|
Real estate
|
FGH USA LLC
|
Delaware
|
Sole Member: RCC North America LLC
|
Real estate
|
FGP 90 West Street LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
FGP West Street LLC
|
Delaware
|
Sole Member: FGP West Mezzanine LLC
|
Real estate
|
Fifth FGP LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
Financial Planning Services, Inc.
|
District of Columbia
|
100% Commonwealth General Corporation
|
Special-purpose subsidiary
|
Firebird Re Corp.
|
Arizona
|
100% Transamerica Corporation
|
Captive insurance company
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
First FGP LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
Fourth FGP LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
Garnet Assurance Corporation
|
Kentucky
|
100% Transamerica Life Insurance Company
|
Investments
|
Garnet Assurance Corporation II
|
Iowa
|
100% Commonwealth General Corporation
|
Business investments
|
Garnet Assurance Corporation III
|
Iowa
|
100% Transamerica Life Insurance Company
|
Business investments
|
Garnet Community Investments, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments III, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Business investments
|
Garnet Community Investments IV, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments V, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments VI, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments VII, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments VIII, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments IX, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments X, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments XI, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments XII, LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Investments
|
Garnet Community Investments XVIII, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XX, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXIV, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Garnet Community Investments XXV, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investment XXVI, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXVII, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investment XXVIII, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXIX, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXX, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXXI, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXXII, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXXIII, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXXIV, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXXV, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXXVI, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXXVII, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXXVIII, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XXXIX, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XL, LLC
|
Delaware
|
Sole Member - Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XLI, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XLII, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XLIII, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XLIV, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Garnet Community Investments XLVI, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XLVII, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XLVIII, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Garnet Community Investments XLIX, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Garnet ITC Fund XLIII, LLC
|
Delaware
|
Members: Garnet Community Investments XLIII, LLC (0%) asset manager: non-affiliate of AEGON, Solar TC Corp. (100%) investor member
|
Investments
|
Garnet LIHTC Fund III, LLC
|
Delaware
|
Members: Garnet Community Investments III, LLC (0.01%); Jefferson-Pilot Life Insurance Company, a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund IV, LLC
|
Delaware
|
Members: Garnet Community Investments IV, LLC (0.01%); Goldenrod Asset Management, Inc., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund V, LLC
|
Delaware
|
Members: Garnet Community Investments V, LLC (0.01%); Lease Plan North America, Inc., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund VI, LLC
|
Delaware
|
Members: Garnet Community Investments VI, LLC (0.01%); Pydna Corporation, a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund VII, LLC
|
Delaware
|
Members: Garnet Community Investments VII, LLC (0.01%); J.P. Morgan Chase Bank, N.A., a non-AEGON affiliate(99.99%)
|
Investments
|
Garnet LIHTC Fund VIII, LLC
|
Delaware
|
Members: Garnet Community Investments VIII, LLC (0.01%); J.P. Morgan Chase Bank, N.A., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund IX, LLC
|
Delaware
|
Members: Garnet Community Investments IX, LLC (0.01%); Bank of America, N.A., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund X, LLC
|
Delaware
|
Members: Garnet Community Investments X, LLC (0.01%); Goldenrod Asset Management, a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XI, LLC
|
Delaware
|
Members: Garnet Community Investments XI, LLC (0.01%); NorLease, Inc., a non-AEGON affiliate (99.99%)
|
Investments
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Garnet LIHTC Fund XII, LLC
|
Delaware
|
Members: Garnet Community Investments XII, LLC (.01%); and the following non-AEGON affiliates: Bank of America, N.A.( 73.39%); J.P. Morgan Chase Bank, N.A. (13.30%); NorLease, Inc. (13.30%)
|
Investments
|
Garnet LIHTC Fund XII-A, LLC
|
Delaware
|
Members: Garnet Community Investments XII, LLC (0.01%); Bank of America, N.A., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XII-B, LLC
|
Delaware
|
Members: Garnet Community Investments XII, LLC (0.01%); J.P. Morgan Chase Bank, N.A., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XII-C, LLC
|
Delaware
|
Members: Garnet Community Investments XII, LLC (.01%); NorLease, Inc., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XIII, LLC
|
Delaware
|
Members: Garnet Community Investments XII, LLC (.01%); and the following non-AEGON affiliates: Bank of America, N.A.( 73.39%); J.P. Morgan Chase Bank, N.A. (13.30%); NorLease, Inc. (13.30%)
|
Investments
|
Garnet LIHTC Fund XIII-A, LLC
|
Delaware
|
Members: Garnet Community Investments XII, LLC (.01%); J.P. Morgan Chase Bank, N.A., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XIII-B, LLC
|
Delaware
|
Members: Garnet Community Investments XII, LLC (.01%); NorLease, Inc., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XIV, LLC
|
Delaware
|
Members: 0.01% Garnet Community Investments, LLC (0.01%); Wells Fargo Bank, N.A. (49.995%); and Goldenrod Asset Management, Inc.(49.995%), both non-AEGON affiliates
|
Investments
|
Garnet LIHTC Fund XV, LLC
|
Delaware
|
Members: Garnet Community Investments, LLC (0.01%); Bank of America, N.A., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XVI, LLC
|
Delaware
|
Members: Garnet Community Investments, LLC (0.01%); FNBC Leasing Corporation, a non-AEGON entity (99.99%)
|
Investments
|
Garnet LIHTC Fund XVII, LLC
|
Delaware
|
Members: Garnet Community Investments, LLC (0.01%); Special Situations Investing Group II, LLC, a non-affiliate of AEGON (99.99%)
|
Investments
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Garnet LIHTC Fund XVIII, LLC
|
Delaware
|
Members: Garnet Community Investments XVIII, LLC (0.01%); Verizon Capital Corp., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XIX, LLC
|
Delaware
|
Members: Garnet Community Investments, LLC (0.01%); Bank of America, N.A., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XX, LLC
|
Delaware
|
Sole Member - Garnet Community Investments XX, LLC
|
Investments
|
Garnet LIHTC Fund XXI, LLC
|
Delaware
|
Sole Member: Garnet Community Investments, LLC
|
Investments
|
Garnet LIHTC Fund XXII, LLC
|
Delaware
|
Members: Garnet Community Investments, LLC (0.01%); NorLease, Inc., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XXIII, LLC
|
Delaware
|
Members: Garnet Community Investments, LLC (0.01%); Idacorp Financial Services, Inc., a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XXIV, LLC
|
Delaware
|
Members: Garnet Community Investments XXIV, LLC (0.01% as Managing Member); Transamerica Life Insurance Company (21.26%); non-affiliates of AEGON: New York Life Insurance Company (25.51%), New York Life Insurance and Annuity Corporation (21.73%) and Principal Life Insurance Company (31.49%)
|
Investments
|
Garnet LIHTC Fund XXV, LLC
|
Delaware
|
Members: Garnet Community Investment XXV, LLC (0.01%); Garnet LIHTC Fund XXVIII LLC (1%); non-affiliates of AEGON: Mt. Hamilton Fund, LLC (97.99%); Google Affordable housing I LLC (1%)
|
Investments
|
Garnet LIHTC Fund XXVI, LLC
|
Delaware
|
Members: Garnet Community Investments XXVI, LLC (0.01%); American Income Life Insurance Company, a non-affiliate of AEGON (99.99%)
|
Investments
|
Garnet LIHTC Fund XXVII, LLC
|
Delaware
|
Members: Garnet Community Investments XXVII, LLC (0.01%); Transamerica Life Insurance Company (16.7045%); non-affiliates of AEGON: Aetna Life Insurance Company (30.2856%); New York Life Insurance Company (22.7142%); ProAssurance Casualty Company (3.6343%); ProAssurance Indemnity Company (8.4800%); State Street Bank and Trust Company (18.1714%)
|
Investments
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Garnet LIHTC Fund XXVIII, LLC
|
Delaware
|
Members: Garnet Community Investments XXVIII LLC (0.01%); non-affiliates of AEGON: USAA Casualty Insurance Company (17.998%); USAA General Indemnity Company (19.998%); USAA Life Insurance Company (3.999%); United Services Automobile Association (57.994%)
|
Investments
|
Garnet LIHTC Fund XXIX, LLC
|
Delaware
|
Members: Garnet Community Investments XXIX, LLC (.01%); non-affiliate of AEGON: Bank of America, N.A. (99.99%)
|
Investments
|
Garnet LIHTC Fund XXX, LLC
|
Delaware
|
Members: Garnet Community Investments XXX, LLC (0.01%); non-affiliate of AEGON, New York Life Insurance Company (99.99%)
|
Investments
|
Garnet LIHTC Fund XXXI, LLC
|
Delaware
|
Members: Garnet Community Investments XXXI, LLC (0.1%); non-affiliates of AEGON: Thunderbolt Peak Fund, LLC (98.99%); Google Affordable housing I, LLC (1%)
|
Investments
|
Garnet LIHTC Fund XXXII, LLC
|
Delaware
|
Sole Member: Garnet Community Investments XXXVII, LLC.
|
Investments
|
Garnet LIHTC Fund XXXIII, LLC
|
Delaware
|
Members: Garnet Community Investment XXXIII, LLC (0.01%); non-affiliate of AEGON, NorLease, Inc. (99.99%)
|
Investments
|
Garnet LIHTC Fund XXXIV, LLC
|
Delaware
|
Members: non-AEGON affiliate, U.S. Bancorp Community Development Corporation (99.99%); Garnet Community Investments XXXIV, LLC (.01%)
|
Investments
|
Garnet LIHTC Fund XXXV, LLC
|
Delaware
|
Members: Garnet Community Investment XXXV, LLC (0.01%); non-affiliate of AEGON, Microsoft Corporation (99.99%)
|
Investments
|
Garnet LIHTC Fund XXXVI, LLC
|
Delaware
|
Members: Garnet Community Investments XXXVI, LLC (1%) as managing member; JPM Capital Corporation, a non-AEGON affiliate (99%) as investor member
|
Investments
|
Garnet LIHTC Fund XXXVII, LLC
|
Delaware
|
Members: Garnet Community Investments XXXVII, LLC (.01%); LIH Realty Corporation, a non-AEGON affiliate (99.99%)
|
Investments
|
Garnet LIHTC Fund XXXVIII, LLC
|
Delaware
|
Members: Garnet Community Investments XXXVIII, LLC, non-member manager; non-affiliate of AEGON, Norlease, Inc. (100%)
|
Investments
|
Garnet LIHTC Fund XXXIX, LLC
|
Delaware
|
Members: Garnet Community Investments XXXIX, LLC at 1% managing member and non-AEGON affiliate, FNBC Leasing Corporation as the 99% investor member.
|
Investments
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Garnet LIHTC Fund XL, LLC
|
Delaware
|
Members: Garnet Community Investments XL, LLC as a .01% member and non-AEGON affiliate, Partner Reinsurance Company of the U.S. as the 99.99% member.
|
Investments
|
Garnet LIHTC Fund XLI, LLC
|
Delaware
|
Members: Transamerica Life Insurance Company (9.990%) and Garnet Community Investments XLI, LLC (.01% managing member); non-AEGON affiliates : BBCN Bank (1.2499%), East West Bank (12.4988%), Opus Bank (12.4988%), Standard Insurance Company (24.9975%), Mutual of Omaha (12.4988%), Pacific Western Bank (7.4993%) and Principal Life Insurance Company (18.7481%).
|
Investments
|
Ganet LIHTC Fund XLII, LLC
|
Delaware
|
Members: Garnet Community Investments XLII, LLC (.01%) managing member; non-affiliates of AEGON: Community Trust Bank (83.33%) investor member; Metropolitan Bank (16.66%) investor member.
|
Investments
|
Garnet LIHTC Fund XLIV-A, LLC
|
Delaware
|
Sole Member: ING Capital, LLC; Asset Manager: Garnet Community Investments XLIV, LLC (0% interest)
|
Investments
|
Garnet LIHTC Fund XLIV-B, LLC
|
Delaware
|
Sole Member: Lion Capital Delaware, Inc.; Asset Manager: Garnet Community Investments XLIV, LLC (0% interest)
|
Investments
|
Garnet LIHTC Fund XLVI, LLC
|
Delaware
|
Members: Garnet Community Investments XLVI, LLC (0.01%) managing member; non-affiliate of AEGON, Standard Life Insurance Company (99.99%) investor member
|
Investments
|
Garnet LIHTC Fund XLVII, LLC
|
Delaware
|
Members: Garnet Community Investments XLVII, LLC (1%) managing member; Transamerica Premire Life Insurance Company (14%) investor member; non-affiliate of AEGON: Citibank, N.A. (49%) investor member; New York Life Insurance Company (20.5%) investor member and New York Life Insurance and Annuity Corporation (15.5%) investor member.
|
Investments
|
Garnet LIHTC Fund XLVIII, LLC
|
Delaware
|
Sole Member: Garnet Community Investments XLVIII, LLC
|
Investments
|
Harbor View Re Corp.
|
Hawaii
|
100% Commonwealth General Corporation
|
Captive insurance company
|
Horizons Acquisition 5, LLC
|
Florida
|
Sole Member - PSL Acquisitions Operating, LLC
|
Development company
|
Horizons St. Lucie Development, LLC
|
Florida
|
Sole Member - PSL Acquisitions Operating, LLC
|
Development company
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Imani Fe, LP
|
California
|
Partners: Garnet LIHTC Fund XIV, LL (99.99% investor limited partner); Transamerica Affordable housing, Inc. (non-owner manager); non-affiliates of AEGON: ABS Imani Fe, LLC (.0034% class A limited partner); Central Valley Coalition for Affordable housing (.0033% co-managing general partner); Grant Housing and Economic Development Corporation (.0033% managing partner)
|
Affordable housing
|
InterSecurities Insurance Agency, Inc.
|
California
|
100% Transamerica Premier Life Insurance Company
|
Insurance agency
|
|
|||
Interstate North Office Park GP, LLC
|
Delaware
|
Sole Member: Interstate North Office Park Owner, LLC
|
Investments
|
Interstate North Office Park, LP
|
Delaware
|
100% Interstate North Office Park Owner, LLC
|
Investments
|
Interstate North Office Park Owner, LLC
|
Delaware
|
Sole Member: Investors Warranty of America, LLC
|
Investments
|
Interstate North Office Park (Land) GP, LLC
|
Delaware
|
Sole Member: Interstate North Office Park Owner, LLC
|
Investments
|
Interstate North Office Park (Land) LP
|
Delaware
|
100% Interstate North Office Park Owner, LLC
|
Investments
|
Investors Warranty of America, LLC
|
Iowa
|
Sole Member: Transamerica Life Insurance Company
|
Leases business equipment
|
Ironwood Re Corp.
|
Hawaii
|
100% Transamerica Corporation
|
Captive insurance company
|
LCS Associates, LLC
|
Delaware
|
Sole Member: Investors Warranty of America, LLC
|
Investments
|
Life Investors Alliance LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Purchase, own, and hold the equity interest of other entities
|
LIHTC Fund XLV, LLC
|
Delaware
|
Non-Member Manager: Garnet Community Investments XLV, LLC (0%)
|
Investments
|
LIHTC Fund XLIX, LLC
|
Delaware
|
Sole Member: Garnet Community Investments XLIX, LLC
|
Investments
|
LIICA Holdings, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
To form and capitalize LIICA Re I, Inc.
|
LIICA Re I, Inc.
|
Vermont
|
100% LIICA Holdings, LLC
|
Captive insurance company
|
LIICA Re II, Inc.
|
Vermont
|
100% Transamerica Life Insurance Company
|
Captive insurance company
|
Massachusetts Fidelity Trust Company
|
Iowa
|
100% AUSA Holding, LLC
|
Trust company
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Mitigation Manager, LLC
|
Delaware
|
Sole Member: Investors Warranty of America, LLC
|
Investments
|
MLIC Re I, Inc.
|
Vermont
|
100% Transamerica Life Insurance Company
|
Captive insurance company
|
Money Services, Inc.
|
Delaware
|
100% AUSA Holding, LLC
|
Provides certain financial services for affiliates including, but not limited to, certain intellectual property, computer and computer-related software and hardware services, including procurement and contract services to some or all of the members of the AEGON Group in the United States and Canada.
|
Monumental Financial Services, Inc.
|
Maryland
|
100% Transamerica Corporation
|
DBA in the State of West Virginia for United Financial Services, Inc.
|
Monumental General Administrators, Inc.
|
Maryland
|
100% AUSA Holding, LLC
|
Provides management services to unaffiliated third party administrator
|
nVISION Financial, Inc.
|
Iowa
|
100% AUSA Holding, LLC
|
Special-purpose subsidiary
|
New Markets Community Investment Fund, LLC
|
Iowa
|
Members: AEGON Institutional Markets, Inc.(50%); AEGON USA Realty Advisors, Inc. (50%)
|
Community development entity
|
Oncor Insurance Services, LLC
|
Iowa
|
Sole Member - Life Investors Financial Group, Inc.
|
Direct sales of term life insurance
|
Osceola Mitigation Partners, LLC
|
Florida
|
Members: Mitigation Manager, LLC (50%); non-affiliate of AEGON, OBPFL-MITBK, LLC (50%)
|
Investmetns
|
Pearl Holdings, Inc. I
|
Delaware
|
100% AEGON USA Asset Management Holding, LLC
|
Holding company
|
Pearl Holdings, Inc. II
|
Delaware
|
100% AEGON USA Asset Management Holding, LLC
|
Holding company
|
Peoples Benefit Services, LLC
|
Pennsylvania
|
Sole Member - Transamerica Life Insurance Company
|
Special-purpose subsidiary
|
Pine Falls Re, Inc.
|
Vermont
|
100% Transamerica Life Insurance Company
|
Captive insurance company
|
Placer 400 Investors, LLC
|
California
|
Members: Investors Warranty of America, LLC (50%); non-affiliate of AEGON, AKT Placer 400 Investors, LLC (50%)
|
Investments
|
Primus Guaranty, Ltd.
|
Bermuda
|
Members: Transamerica Life Insurance Company (20% 13.1%) and non-affiliates of AEGON and the public holders own the remainder.
|
Provides protection from default risk of investment grade corporate and sovereign issues of financial obligations.
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
PSL Acquisitions Operating, LLC
|
Iowa
|
Sole Member: Investors Warranty of America, LLC
|
Owner of Core subsidiary entities
|
RCC North America LLC
|
Delaware
|
Sole Member: Transamerica Corporation
|
Real estate
|
Real Estate Alternatives Portfolio 2 LLC
|
Delaware
|
Members are: Transamerica Life Insurance Company (92.%); Transamerica Financial Life Insurance Company (7.5%). Manager: AEGON USA Realty Advisors, Inc.
|
Real estate alternatives investment
|
Real Estate Alternatives Portfolio 3 LLC
|
Delaware
|
Members are: Transamerica Life Insurance Company (74.4% ); Transamerica Premier Life Insurance Company (25.6%). Manager: AEGON USA Realty Advisors, Inc.
|
Real estate alternatives investment
|
Real Estate Alternatives Portfolio 3A, Inc.
|
Delaware
|
Members: Transamerica Premier Life Insurance Company (37%); Transamerica Financial Life Insurance Company (9.4%); Transamerica Life Insurance Company (53.6%).
|
Real estate alternatives investment
|
Real Estate Alternatives Portfolio 4 HR, LLC
|
Delaware
|
Members: Transamerica Life Insurance Company (64%); Transamerica Premier Life Insurance Company (32%); Transamerica Financial Life Insurance Company (4%). Manager: AEGON USA Realty Advisors, Inc.
|
Investment vehicle for alternative real estate investments that are established annually for our affiliated companies common investment
|
Real Estate Alternatives Portfolio 4 MR, LLC
|
Delaware
|
Members: Transamerica Life Insurance Company (64%); Transamerica Premier Life Insurance Company (32%); Transamerica Financial Life Insurance Company (4%). Manager: AEGON USA Realty Advisors, Inc.
|
Investment vehicle for alternative real estate investments that are established annually for our affiliated companies common investment
|
River Ridge Insurance Company
|
Vermont
|
100% AEGON Management Company
|
Captive insurance company
|
SB Frazer Owner, LLC
|
Delaware
|
Sole Member: Transamerica Life Insurance Company
|
Investments
|
Second FGP LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
Seventh FGP LLC
|
Delaware
|
Sole Member: FGH USA LLC
|
Real estate
|
Short Hills Management Company
|
New Jersey
|
100% Transamerica Corporation
|
Dormant
|
Southwest Equity Life Insurance Company
|
Arizona
|
Voting common stock is allocated 75% of total cumulative vote - Transamerica Corporation. Participating Common stock (100% owned by non-AEGON shareholders) is allocated 25% of total cumulative vote.
|
Insurance
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
St. Lucie West Development Company, LLC
|
Florida
|
Sole Member - PSL Acquisitions Operating, LLC
|
Development company
|
Stonebridge Benefit Services, Inc.
|
Delaware
|
100% Commonwealth General Corporation
|
Health discount plan
|
Stonebridge Reinsurance Company
|
Vermont
|
100% Transamerica Life Insurance Company
|
Captive insurance company
|
TAH-MCD IV, LLC
|
Iowa
|
Sole Member - Transamerica Affordable housing, Inc.
|
Serve as the general partner for McDonald Corporate Tax Credit Fund IV Limited Partnership.
|
TAH Pentagon Funds, LLC
|
Iowa
|
Sole Member - Transamerica Affordable housing, Inc.
|
Serve as a general partner in a lower-tier tax credit entity
|
TAHP Fund 1, LLC
|
Delaware
|
Sole Member
|
Real estate investments
|
TAHP Fund 2, LLC
|
Delaware
|
Sole Member - Garnet LIHTC Fund VIII, LLC
|
Low incoming housing tax credit
|
TAHP Fund VII, LLC
|
Delaware
|
Investor Member: Garnet LIHTC Fund XIX, LLC
|
Real estate investments
|
TCF Asset Management Corporation
|
Colorado
|
100% TCFC Asset Holdings, Inc.
|
A depository for foreclosed real and personal property.
|
TCFC Air Holdings, Inc.
|
Delaware
|
100% Transamerica Commercial Finance Corporation, I
|
Holding company
|
TCFC Asset Holdings, Inc.
|
Delaware
|
100% Transamerica Commercial Finance Corporation, I
|
Holding company
|
The AEGON Trust Advisory Board: Mark W. Mullin, Alexander R. Wynaendts, and Jay Orlandi
|
Delaware
|
100% AEGON International B.V.
|
Voting Trust
|
THH Acquisitions, LLC
|
Iowa
|
Sole Member - Investors Warranty of America, LLC
|
Acquirer of Core South Carolina mortgage loans from Investors Warranty of America, LLC and holder of foreclosed real estate.
|
TLIC Oakbrook Reinsurance, Inc.
|
Iowa
|
100% Transamerica Life Insurance Company
|
Limited purpose subsidiary life insurance company
|
TLIC Riverwood Reinsurance, Inc.
|
Iowa
|
100% Transamerica Life Insurance Company
|
Limited purpose subsidiary life insurance company
|
TLIC Watertree Reinsurance Inc.
|
Iowa
|
100% Transamerica Life Insurance Company
|
Limited purpose subsidiary life insurance company
|
Tradition Development Company, LLC
|
Florida
|
Sole Member - PSL Acquisitions Operating, LLC
|
Development company
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
|
|
|
|
Tradition Irrigation Company, LLC
|
Florida
|
Sole Member - PSL Acquisitions Operating, LLC
|
Irrigation company
|
Tradition Land Company, LLC
|
Iowa
|
Sole Member: Investors Warranty of America, LLC
|
Acquirer of Core Florida mortgage loans from Investors Warranty and holder of foreclosed real estate.
|
Transamerica Accounts Holding Corporation
|
Delaware
|
100% TCFC Asset Holdings, Inc.
|
Holding company
|
Transamerica Advisors Life Insurance Company
|
Arkansas
|
100% Transamerica Corporation
|
Insurance company
|
Transamerica Affinity Marketing Corretora de Seguros Ltda.
|
Brazil
|
749,000 quota shares owned by AEGON DMS Holding B.V.; 1 quota share owned by AEGON International B.V.
|
Brokerage company
|
Transamerica Affinity Services, Inc.
|
Maryland
|
100% AEGON Direct Marketing Services, Inc.
|
Marketing company
|
Transamerica Affordable housing, Inc.
|
California
|
100% Transamerica Realty Services, LLC
|
General partner LHTC Partnership
|
Transamerica Agency Network, Inc.
|
Iowa
|
100% AUSA Holding, LLC
|
Special purpose subsidiary
|
Transamerica Annuity Service Corporation
|
New Mexico
|
100% Commonwealth General Corporation
|
Performs services required for structured settlements
|
Transamerica Asset Management, Inc.
|
Florida
|
Transamerica Premier Life Insurance Company owns 77%; AUSA Holding, LLC owns 23%.
|
Fund advisor
|
Transamerica Aviation LLC
|
Delaware
|
Sole Member: TCFC Air Holdings, Inc.
|
Special purpose corporation
|
Transamerica (Bermuda) Services Center, Ltd.
|
Bermuda
|
100% AEGON International B.V.
|
Special purpose corporation
|
Transamerica Capital, Inc.
|
California
|
100% AUSA Holding, LLC
|
Broker/Dealer
|
Transamerica Casualty Insurance Company
|
Ohio
|
100% Transamerica Corporation
|
Insurance company
|
Transamerica Commercial Finance Corporation, I
|
Delaware
|
100% Transamerica Finance Corporation
|
Holding company
|
Transamerica Consumer Finance Holding Company
|
Delaware
|
100% TCFC Asset Holdings, Inc.
|
Consumer finance holding company
|
Transamerica Corporation
|
Delaware
|
100% The AEGON Trust
|
Major interest in insurance and finance
|
Transamerica Corporation
|
Oregon
|
100% Transamerica Corporation
|
Holding company
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Transamerica Distribution Finance - Overseas, Inc.
|
Delaware
|
100% TCFC Asset Holdings, Inc.
|
Commercial Finance
|
Transamerica Finance Corporation
|
Delaware
|
100% Transamerica Corporation
|
Commercial & Consumer Lending & equipment leasing
|
Transamerica Financial Advisors, Inc.
|
Delaware
|
1,000 shares owned by AUSA Holding, LLC; 209 shares owned by Commonwealth General Corporation;
|
Broker/Dealer
|
Transamerica Financial Life Insurance Company
|
New York
|
88% Transamerica Corporation; 12% Transamerica Life Insurance Company
|
Insurance
|
Transamerica Fund Services, Inc.
|
Florida
|
Transamerica Premier Life Insurance Company owns 44%; AUSA Holding, LLC owns 56%
|
Mutual fund
|
Transamerica Funding LP
|
U.K.
|
99% Transamerica Leasing Holdings, Inc.; 1% Transamerica Commercial Finance Corporation, I
|
Intermodal leasing
|
Transamerica Home Loan
|
California
|
100% Transamerica Consumer Finance Holding Company
|
Consumer mortgages
|
Transamerica Insurance Marketing Asia Pacific Pty Ltd.
|
Australia
|
100% Transamerica Direct Marketing Asia Pacific Pty Ltd.
|
Insurance intermediary
|
Transamerica International Direct Marketing Consultants, LLC
|
Maryland
|
Members: 51% Beth Lewellyn; 49% AEGON Direct Marketing Services, Inc.
|
Provide consulting services ancillary to the marketing of insurance products overseas.
|
Transamerica International RE (Bermuda) Ltd.
|
Bermuda
|
100% Transamerica Corporation
|
Reinsurance
|
Transamerica International Re Escritório de Representação no Brasil Ltd
|
Brazil
|
95% Transamerica International Re(Bermuda) Ltd.; 5% Commonwealth General Corporation
|
Insurance and reinsurance consulting
|
Transamerica Investment Management, LLC
|
Delaware
|
Sole Member - AEGON USA Asset Management Holding, LLC
|
Investment advisor
|
Transamerica Investors Securities Corporation
|
Delaware
|
100% Transamerica Retirement Solutions, LLC
|
Broker/Dealer
|
Transamerica Leasing Holdings Inc.
|
Delaware
|
100% Transamerica Finance Corporation
|
Holding company
|
Transamerica Life Insurance Company
|
Iowa
|
100% - Commonwealth General Corporation
|
Insurance
|
Transamerica Life (Bermuda) Ltd.
|
Bermuda
|
100% Transamerica Life Insurance Company
|
Long-term life insurer in Bermuda - - will primarily write fixed universal life and term insurance
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Transamerica Pacific Insurance Company, Ltd.
|
Hawaii
|
100% Commonwealth General Corporation
|
Life insurance
|
Transamerica Premier Life Insurance Company
|
Iowa
|
100% Commonwealth General Corporation
|
Insurance Company
|
Transamerica Pyramid Properties LLC
|
Iowa
|
Sole Member: Transamerica Premier Life Insurance Company
|
Realty limited liability company
|
Transamerica Realty Investment Properties LLC
|
Delaware
|
Sole Member: Transamerica Premier Life Insurance Company
|
Realty limited liability company
|
TABR Realty Services, LLC
|
Delaware
|
Sole Member: AUSA Holding, LLC
|
Real estate investments
|
Transamerica Resources, Inc.
|
Maryland
|
100% Monumental General Administrators, Inc.
|
Provides education and information regarding retirement and economic issues.
|
Transamerica Retirement Advisors, LLC
|
Delaware
|
Sole Member: Transamerica Retirement Solutions, LLC
|
Investment advisor
|
Transamerica Retirement Insurance Agency, LLC
|
Delaware
|
Sole Member: Transamerica Retirement Solutions, LLC
|
Conduct business as an insurance agency.
|
Transamerica Retirement Solutions, LLC
|
Delaware
|
Sole Member: AUSA Holding, LLC
|
Retirement plan services.
|
Transamerica Small Business Capital, Inc.
|
Delaware
|
100% TCFC Asset Holdings, Inc.
|
Holding company
|
Transamerica Stable Value Solutions Inc.
|
Delaware
|
100% Commonwealth General Corporation
|
Principle Business: Provides management services to the stable value division of AEGON insurers who issue synthetic GIC contracts.
|
Transamerica Travel and Conference Services, LLC
|
Iowa
|
Sole Member: Money Services, Inc.
|
Travel and conference services
|
Transamerica Vendor Financial Services Corporation
|
Delaware
|
100% TCFC Asset Holdings, Inc.
|
Provides commercial leasing
|
Transamerica Ventures, LLC
|
Delaware
|
Sole Member: AUSA Holding, LLC
|
Investments
|
Transamerica Ventures Fund, LLC
|
Delaware
|
100% AUSA Holding, LLC
|
Investments
|
United Financial Services, Inc.
|
Maryland
|
100% Transamerica Corporation
|
General agency
|
Universal Benefits, LLC
|
Iowa
|
Sole Member: AUSA Holding, LLC
|
Third party administrator
|
WFG China Holdings, Inc.
|
Delaware
|
100% World Financial Group, Inc.
|
Hold interest in Insurance Agency located in Peoples Republic of China
|
WFG Insurance Agency of Puerto Rico, Inc.
|
Puerto Rico
|
100% World Financial Group Insurance Agency, Inc.
|
Insurance agency
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
WFG Properties Holdings, LLC
|
Georgia
|
Sole Member: World Financial Group, Inc.
|
Marketing
|
WFG Reinsurance Limited
|
Hawaii
|
51% owned by World Financial Group, Inc.; remaining 49% is annually offered to independent contractors associated with WFG Reinsurance Ltd.
|
Reinsurance
|
WFG Securities Inc.
|
Canada
|
100% World Financial Group Holding Company of Canada, Inc.
|
Mutual fund dealer
|
World Financial Group Canada Inc.
|
Canada
|
100% World Financial Group Holding Company of Canada Inc.
|
Marketing
|
World Financial Group Holding Company of Canada Inc.
|
Canada
|
100% Commonwealth General Corporation
|
Holding company
|
World Financial Group, Inc.
|
Delaware
|
100% AEGON Asset Management Services, Inc.
|
Marketing
|
World Financial Group Insurance Agency of Canada Inc.
|
Ontario
|
50% World Financial Group Holding Co. of Canada Inc.; 50% World Financial Group Subholding Co. of Canada Inc.
|
Insurance agency
|
World Financial Group Insurance Agency of Hawaii, Inc.
|
Hawaii
|
100% World Financial Group Insurance Agency, Inc.
|
Insurance agency
|
World Financial Group Insurance Agency of Massachusetts, Inc.
|
Massachusetts
|
100% World Financial Group Insurance Agency, Inc.
|
Insurance agency
|
World Financial Group Insurance Agency of Wyoming, Inc.
|
Wyoming
|
100% World Financial Group Insurance Agency, Inc.
|
Insurance agency
|
World Financial Group Insurance Agency, Inc.
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California
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100% Transamerica Premier Life Insurance Company
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Insurance agency
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World Financial Group Subholding Company of Canada Inc.
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Canada
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100% World Financial Group Holding Company of Canada, Inc.
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Holding company
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Yarra Rapids, LLC
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Delaware
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Members are: Real Estate Alternatives Portfolio 4MR, LLC (49%) and non-AEGON affiliate (51%)
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Real estate investments
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Zahorik Company, Inc.
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California
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100% AUSA Holding, LLC
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Inactive
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Zero Beta Fund, LLC
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Delaware
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Members are: Transamerica Life Insurance Company (71.6%
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Aggregating vehicle formed to hold various fund investments.
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(a)
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Transamerica Capital, Inc. serves as the principal underwriter for:
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(b)
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Directors and Officers of Transamerica Capital, Inc.:
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Name
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Principal
Business Address
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Position and Offices with Underwriter
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Brian Beitzel
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(2)
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Director, Treasurer and Chief Financial Officer
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Joe Boan
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(1)
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Director and Vice President
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David R. Paulsen
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(3)
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Director, Chief Executive Officer, President and
Chairman of the Board
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Mike Curran
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(3)
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Chief Compliance Officer
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Amy E. Angle
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(2)
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Secretary
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Vincent J. Toner
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(3)
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Vice President
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John Koehler
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(3)
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Vice President
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Alison Ryan
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(4)
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Assistant Secretary
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Name of Principal
Underwriter
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Net Underwriting
Discounts and
Commissions(1)
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Compensation on
Redemption
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Brokerage
Commissions
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Compensation
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Transamerica Capital, Inc.
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0
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0
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0
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0
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(1)
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Fiscal Year 2016 .
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WRL SERIES LIFE ACCOUNT
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(Registrant)
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Transamerica Premier Life Insurance Company
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(depositor)
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By: Blake S. Bostwick*
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Director and President
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of Transamerica Premier Life Insurance Company
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Blake S. Bostwick*
Blake S. Bostwick
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Director and President
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C. Michiel van Katwijk*
C. Michiel van Katwijk
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Director, Chief Financial Officer,
Executive Vice President and Treasurer
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Mark W. Mullin*
Mark W. Mullin
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Director and Chairman of the Board
|
Jay Orlandi*
Jay Orlandi
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Director, Executive Vice President, General Counsel
And Secretary
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David Schulz*
David Schulz
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Director, Chief Tax Officer and Senior Vice President
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Eric J. Martin*
Eric J. Martin
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Senior Vice President and Corporate
Controller
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s/ Arthur D. Woods
*By: Arthur D. Woods
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26(k)
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Legal Opinion and Consent of Arthur D. Woods, Esq. as to the Legality of the Securities
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26(l)
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Actuarial Opinion and Consent of Nik Godon as to Actuarial Matters
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26(n)(i)
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Written Consent of PricewaterhouseCoopers LLP
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1.
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Transamerica Premier Life Insurance Company has been duly organized under the laws of the State of Iowa and is a validly existing corporation.
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2.
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The Separate Account has been duly created and validly exists as a separate account pursuant to Iowa Insurance Law.
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3.
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Iowa Insurance Law Section 508A.1 provides that the portion of the assets of the Separate Account equal to the reserves and other liabilities for variable benefits under the Policies is not chargeable with liabilities arising out of any other business Transamerica Premier Life Insurance Company may conduct.
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4.
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The Policies, when issued as contemplated by the Registration Statement, will be legal and binding obligations of Transamerica Premier Life Insurance Company in accordance with their terms.
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Very truly yours,
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/s/Arthur D. Woods |
Arthur D. Woods, Esq.
Transamerica Premier Life Insurance Company
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1)
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the illustrations of death benefits, cash values, and net surrender values included in the Prospectus are consistent with the provisions of the Policy;
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2)
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the rate structure of the Policy has not been designed, and the assumptions for the illustrations (including sex, age, rating classification, and premium amount and payment schedule) have not been selected, so as to make the relationship between premiums and benefits, as shown in the illustrations, appear to be materially more favorable than for other prospective purchasers with different assumptions; and
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3)
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the illustrations represent a rating classification, premium payment amount, and issue age that are fairly representative of Policies sold.
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