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/Risks Summary
|
1
|
Policy Benefits
|
1
|
The Policy in General
|
1
|
Flexibility
|
1
|
Death Benefit
|
1
|
Cash Value
|
2
|
Investment Options
|
2
|
Tax Information
|
2
|
Risks of Your Policy
|
3
|
Long-Term Financial Planning
|
3
|
Risk of an Increase in Current Fees and Expenses
|
3
|
Investment Risks
|
3
|
Risks of Managing General Account Assets
|
3
|
Premium Payments
|
3
|
Lapse
|
3
|
Withdrawals and Loans
|
3
|
Surrenders
|
4
|
Tax Consequences of Withdrawals, Surrenders and Loans
|
4
|
Portfolio Risks
|
4
|
Fee Tables
|
4
|
Range of Expenses for the Portfolios
|
11
|
Transamerica Premier, the Separate Account, the Fixed Account and the Portfolios
|
11
|
Financial Condition of the Company
|
11
|
The Separate Account
|
12
|
The Fixed Account
|
13
|
The Portfolios
|
13
|
Selection of Underlying Portfolios
|
22
|
Addition, Deletion or Substitution of Portfolios
|
23
|
Your Right to Vote Portfolio Shares
|
23
|
Charges and Deductions
|
23
|
Premium Charges
|
24
|
Monthly Deductions
|
24
|
Mortality and Expense Risk Charge
|
25
|
Surrender Charge
|
25
|
Pro Rata Decrease Charge
|
26
|
Transfer Charge
|
26
|
Loan Interest Rate Charged
|
27
|
Change in Net Premium Allocation Charge
|
27
|
Cash Withdrawal Charge
|
27
|
Taxes
|
27
|
Rider Charges
|
27
|
Portfolio Expenses
|
27
|
Revenues We Receive
|
28
|
The Policy
|
29
|
Ownership Rights
|
29
|
Modifying the Policy
|
29
|
Purchasing a Policy
|
30
|
Tax‑Free "Section 1035" Exchanges
|
30
|
When Insurance Coverage Takes Effect
|
30
|
Backdating a Policy
|
32
|
Premiums
|
32
|
Allocating Premiums
|
32
|
Premium Flexibility
|
33
|
Planned Periodic Payments
|
33
|
Minimum Monthly Guarantee Premium
|
33
|
No Lapse Guarantee
|
33
|
Premium Limitations & Payments
|
34
|
Transfers
|
34
|
General
|
34
|
Disruptive Trading and Market Timing
|
35
|
Telephone, Fax and Online Privileges
|
37
|
Fixed Account Transfers
|
38
|
Conversion Rights
|
38
|
Dollar Cost Averaging
|
38
|
Asset Rebalancing Program
|
39
|
Third Party Asset Allocation Services
|
40
|
Policy Values
|
40
|
Cash Value
|
40
|
Net Surrender Value
|
40
|
Subaccount Value
|
41
|
Subaccount Unit Value
|
41
|
Fixed Account Value
|
42
|
Death Benefit
|
42
|
Death Benefit Proceeds
|
42
|
Death Benefit
|
42
|
Effect of Cash Withdrawals on the Death Benefit
|
44
|
Choosing Death Benefit Options
|
44
|
Changing the Death Benefit Option
|
44
|
Decreasing the Specified Amount
|
45
|
No Increases in the Specified Amount
|
45
|
Payment Options
|
45
|
Surrenders and Cash Withdrawals
|
45
|
Surrenders
|
45
|
Cash Withdrawals
|
46
|
Canceling a Policy
|
47
|
Signature Guarantees
|
47
|
Loans
|
48
|
General
|
48
|
Loan Interest Spread
|
49
|
Loan Reserve Account Interest Rate Credited
|
49
|
Effect of Policy Loans
|
49
|
Policy Lapse and Reinstatement
|
49
|
Lapse
|
49
|
No Lapse Guarantee
|
50
|
Reinstatement
|
50
|
Federal Income Tax Considerations
|
51
|
Tax Status of the Policy
|
51
|
Tax Treatment of Policy Benefits
|
51
|
Other Policy Information
|
54
|
Settlement Options
|
54
|
Benefits at Maturity
|
54
|
Payments We Make
|
55
|
Split Dollar Arrangements
|
55
|
Policy Termination
|
56
|
Assignment of the Policy
|
56
|
Supplemental Benefits (Riders)
|
56
|
Primary Insured Rider ("PIR") and Primary Insured Rider Plus ("PIR Plus")
|
56
|
Other Insured Rider
|
57
|
Children's Insurance Rider
|
58
|
Accidental Death Benefit Rider
|
58
|
Disability Waiver Rider
|
58
|
Disability Waiver and Income Rider
|
59
|
Terminal Illness Accelerated Death Benefit Rider
|
59
|
Additional Information
|
60
|
Unclaimed or Abandoned Property
|
60
|
Sending Forms and Transaction Requests in Good Order
|
60
|
Distributio n of the Policies
|
60
|
Legal Proceedings
|
61
|
Financial Statements
|
62
|
Glossary
|
63
|
Appendix A – Surrender Charge Per Thousand
|
67
|
Appendix A-1: Surrender Charge Factors
|
69
|
Prospectus Back Cover
|
70
|
·
|
The WRL Financial Freedom Builder® is an individual flexible premium variable life insurance policy, which gives you the potential for long-term life insurance coverage with the opportunity for tax-deferred accumulation of cash value.
|
·
|
The Policy is designed to be long-term in nature in order to provide significant life insurance benefits for you. You should only purchase the Policy if you have the financial ability to keep it in force for a substantial period of time. You should consider the Policy in conjunction with other insurance that you own.
|
·
|
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 original signature during this period and receive a refund. Please see the section of this prospectus entitled "Canceling a Policy" for a description of the free look period.
|
·
|
After the third Policy year you may either change the death benefit option or decrease the specified amount once each Policy year. A decrease in specified amount is limited to no more than 20% of the specified amount before the decrease. The new specified amount cannot be less than the minimum specified amount as shown in your Policy. We do not allow increases in specified amount. For further details, please see "Death Benefits – Decreasing the Specified Amount" in this prospectus.
|
·
|
You can invest your net premium in, and transfer your cash value to, subaccounts. While allocated to subaccounts, your cash value will fluctuate with the daily performance of the portfolios in which the subaccounts 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 4% 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 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). 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 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, minus any accrued loan interest, and minus any decrease charge) that equal or exceed the sum of the minimum monthly guarantee premiums in effect for each month from the Policy date up to and including the current month. The no lapse period guarantee is discussed in more detail in the section of this prospectus entitled "Policy Lapse and Reinstatement."
|
·
|
There may be adverse consequences should you decide to surrender your Policy early, such as payment of a surrender charge during the first 15 Policy years.
|
·
|
Choose the timing, amount and frequency of premium payments.
|
·
|
Change the Death Benefit Option.
|
·
|
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 surrender value once each policy 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. Loans and loan interest rates are described in more detail 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." You may pay a substantial surrender charge if you surrender your Policy.
|
·
|
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 Charge1
|
||
Premium Charge
|
Upon payment of each premium
|
||
Premium Expense Charge
|
First 10 Policy years = 6.0% of each premium payment; and 2.5% of premiums in Policy years 11+
|
First 10 Policy years = 6.0% of each premium payment; and 2.5% of premiums in Policy years 11+
|
|
Premium Collection Charge
|
$3.00 per premium payment
|
$3.00 per premium payment
|
|
Cash Withdrawal Charge2
|
Upon withdrawal
|
2.0% of the amount withdrawn, not to exceed $25
|
2.0% of the amount withdrawn, not to exceed $25
|
Surrender Charge3
|
Upon full surrender of the Policy during the first 15 Policy years
|
||
Maximum Charge4
|
$57.00 per $1,000 of specified amount during first Policy year.
|
$57.00 per $1,000 of specified amount during first Policy year.
|
|
Minimum Charge5
|
$7.68 per $1,000 of specified amount during the first Policy year.
|
$7.68 per $1,000 of specified amount during the first Policy year.
|
|
Charge for a Policy6
insuring a male, issue age 30 in the ultimate select non-tobacco use class
|
$12.52 per $1,000 of specified amount during first Policy year.
|
$12.52 per $1,000 of specified amount during first Policy year.
|
Transaction Fees
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge1
|
||
Transfer Charge7
|
Upon transfer
|
$25 for each transfer in excess of 12 per Policy year
|
$25 for each transfer in excess of 12 per Policy year
|
Change in Net Premium Allocation Charge
|
Upon change of allocation instructions for premium payments in excess of one per Policy quarter
|
$25
|
None
|
Pro Rata Decrease Charge
|
Deducted when specified amount is decreased during the first 15 Policy years
|
Equal to the surrender charge (as of the date of the decrease) applicable to that portion of the specified amount that is decreased.
|
Equal to the surrender charge (as of the date of the decrease) applicable to that portion of the specified amount that is decreased.
|
Terminal Illness Accelerated Death Benefit Rider8
|
When rider is exercised
|
Discount Factor
|
Discount Factor
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
When Charge is Deducted
|
Amount Deducted
|
||
Guaranteed Charge
|
Current Charge1
|
||
Monthly Policy Charge
|
Monthly, on the Policy date and on each Monthiversary
|
$7.50 per month
|
$5.00 per month
|
Periodic Charges Other Than Portfolio Operating Expenses
|
||||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
||
Guaranteed Charge
|
Current Charge
|
Cost of Insurance9
(without Extra Ratings)10
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 95
|
||
Maximum Charge11
|
$24.85 per $1,000 of net amount at risk per month12
|
$21.12 per $1,000 of net amount at risk per month12
|
|
Minimum Charge13
|
$0.06 per $1,000 of net amount at risk per month12
|
$0.06 per $1,000 of net amount at risk per month12
|
|
Initial Charge for a male6 insured, issue age 30, in the ultimate select non-tobacco use class
|
$0.12 per $1,000 of net amount at risk per month12
|
$0.12 per $1,000 of net amount at risk per month12
|
|
Mortality and Expense Risk Charge
|
Daily
|
Annual rate of 0.90% of average daily net assets of each subaccount in which you are invested
|
Annual rate of 0.90% for Policy years 1 – 15, and 0.75% for Policy years 16+, of average daily net assets of each subaccount in which you are invested
|
Loan Interest Spread14
|
On Policy Anniversary15
|
1.49% (effective annual rate, after rounding)
|
0.74% (effective annual rate, after rounding)
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge
|
||
Optional Rider Charges:16
|
|||
Accidental Death Benefit Rider
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 70
|
||
Maximum Charge17
|
$0.18 per $1,000 of rider face amount per month
|
$0.18 per $1,000 of rider face amount per month
|
|
Minimum Charge18
|
$0.10 per $1,000 of rider face amount per month
|
$0.10 per $1,000 of rider face amount per month
|
|
Initial Charge for a male6 insured, issue age 30
|
$0.10 per $1,000 of rider face amount per month
|
$0.10 per $1,000 of rider face amount per month
|
|
Disability Waiver Rider19
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 60
|
||
Maximum Charge20
|
$0.39 per $1,000 of Policy's net amount at risk per month12
|
$0.39 per $1,000 of Policy's net amount at risk per month12
|
|
Minimum Charge21
|
$0.03 per $1,000 of Policy's net amount at risk per month12
|
$0.03 per $1,000 of Policy's net amount at risk per month12
|
|
Initial charge for a male6 insured, issue age 30
|
$0.04 per $1,000 of Policy's net amount at risk per month12
|
$0.04 per $1,000 of Policy's net amount at risk per month12
|
Periodic Charges Other Than Portfolio Operating Expenses
|
|||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
|
Guaranteed Charge
|
Current Charge1
|
||
Disability Waiver and Income Rider22
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 60
|
||
Maximum Charge23
|
$0.86 per $10 monthly rider units
|
$0.86 per $10 monthly rider units
|
|
Minimum Charge24
|
$0.20 per $10 monthly rider units
|
$0.20 per $10 monthly rider units
|
|
Initial charge for a male6 insured, issue age 30
|
$0.23 per $10 monthly rider units
|
$0.23 per $10 monthly rider units
|
|
Children's Insurance Rider25
|
Monthly, on the Policy date and on each Monthiversary until the Monthiversary after the last insured child reaches his/her 25th birthday (or 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 Rider26
(without Extra Ratings)10
Maximum Charge11
Minimum Charge13
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 95
|
||
$24.85 per $1,000 of rider face amount per month
|
$21.12 per $1,000 of rider face amount per month
|
||
$0.06 per $1,000 of rider face amount per month
|
$0.06 per $1,000 of rider face amount per month
|
||
Initial Charge for a male6 insured, issue age 30, in the ultimate select non-tobacco use class
|
$0.12 per $1,000 of rider face amount per month
|
$0.12 per $1,000 of rider face amount per month
|
Periodic Charges Other Than Portfolio Operating Expenses
|
||||
Charge
|
When Charge is Deducted
|
Amount Deducted
|
||
Guaranteed Charge
|
Current Charge1
|
|||
Primary Insured Rider
(without Extra Ratings)10
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 90
|
|||
Maximum Charge27
|
$18.46 per $1,000 of rider face amount per month
|
$14.91 per $1,000 of rider face amount per month
|
||
Minimum Charge13
|
$0.06 per $1,000 of rider face amount per month
|
$0.05 per $1,000 of rider face amount per month
|
||
Initial charge for a male6 insured, issue age 30, in the ultimate select non-tobacco use class
|
$0.12 per $1,000 of rider face amount per month
|
$0.10 per $1,000 of rider face amount per month
|
||
Primary Insured Plus Rider
(without Extra Ratings)10
|
Monthly, on the Policy date and on each Monthiversary until the insured reaches attained age 85
|
|||
Maximum Charge
|
$13.54 per $1,000 of rider face amount per month28
|
$10.93 per $1,000 of rider face amount per month29
|
||
Minimum Charge
|
$0.08 per $1,000 of rider face amount per month30
|
$0.04 per $1,000 of rider face amount per month31
|
||
Initial charge for a male6 insured, issue age 30, in the ultimate select non-tobacco use class
|
$0.12 per $1,000 of rider face amount per month
|
$0.06 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 new or combined subaccounts available to you at our discretion.
|
·
|
Combine the separate account or any subaccounts with one or more different separate accounts or subaccounts.
|
·
|
Close certain subaccounts to allocations of new net premiums by current or new policyowners at any time at 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 of the funds.
|
·
|
Manage the separate account at the direction of a committee.
|
·
|
Endorse the Policy, as permitted by law, to reflect changes to the separate account and subaccounts as may be required by applicable law.
|
·
|
Change the investment objective of a subaccount.
|
·
|
Substitute, add, or delete fund portfolios in which subaccounts currently invest net premiums, to include portfolios of newly designated funds. (Fund 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 VP3
|
Transamerica Asset Management, Inc.
J.P. Morgan Investment Management Inc.
|
Seeks current income and preservation of capital.
|
*Transamerica Asset Allocation – Growth VP3
|
Transamerica Asset Management, Inc.
J.P. Morgan Investment Management Inc.
|
Seeks long-term capital appreciation.
|
*Transamerica Asset Allocation – Moderate Growth VP3
|
Transamerica Asset Management, Inc.
J.P. Morgan Investment Management Inc.
|
Seeks capital appreciation with current income as a secondary objective.
|
*Transamerica Asset Allocation – Moderate VP3
|
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 VP3
|
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 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 VP5
|
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 Fund6
|
See Footnote 7
|
Seeks capital appreciation with income as a secondary goal.
|
PROFUNDS:
|
||
ProFund VP Asia 308
|
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 Financials8
|
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 Market8 , 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- Cap8
|
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 Utilities8
|
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.
|
The premium expense charge is equal to:
|
·
|
6.0% of premiums during the first ten Policy years; and
|
·
|
2.5% of premiums thereafter.
|
The premium collection charge is equal to:
|
·
|
$3.00 per premium payment.
|
·
|
We will not increase this charge.
|
Each monthly deduction consists of:
|
·
|
The monthly Policy charge for the Policy; plus
|
|
·
|
The monthly cost of insurance charge for the Policy (including any surcharge associated with flat or table substandard ratings); plus
|
||
·
|
The portion of the monthly deductions for any benefits provided by riders attached to the Policy; plus
|
||
·
|
The pro rata decrease charge (if applicable) incurred as a result of a decrease in the specified amount.
|
||
Monthly Policy Charge:
|
|||
·
|
This charge currently equals $5.00 each Policy month. After the first Policy year, we may increase this charge.
|
||
·
|
We guarantee this charge will never be more than $7.50 per month.
|
||
Cost of Insurance Charge:
|
|||
We deduct this charge each month. It varies each month and is determined as follows:
|
|||
1.
|
Divide the death benefit on the Monthiversary by 1.0032737 (this factor reduces the net amount at risk, for purposes of computing the cost of insurance, by taking into account assumed monthly earnings at an annual rate of 4.0%).
|
||
2.
|
Subtract the cash value on the Monthiversary.
|
||
3.
|
Multiply the appropriate monthly cost of insurance rate for the Policy.
|
||
Optional Insurance Riders:
|
|||
·
|
The monthly deductions will include charges for any optional insurance benefits you add to your Policy by rider. Please refer to the section below entitled "Rider Charges" for a description of the rider charges.
|
·
|
The value of each subaccount; multiplied by
|
·
|
The daily pro rata portion of the annual mortality and expense risk charge rate.
|
·
|
You pay premiums equal to or not much higher than the minimum monthly guarantee
premium shown in your Policy; and/or
|
·
|
Investment performance is low.
|
The surrender charge is equal to:
|
·
|
|
·
|
The number of thousands of specified amount as it is stated in the Policy; multiplied by
|
|
·
|
The surrender charge factor.
|
|
The pro rata decrease charge is equal to:
|
·
|
The surrender charge per $1,000 of specified amount (varies by issue age, sex and underwriting class on the Policy date); multiplied by
|
·
|
The number of thousands of specified amount decreased; multiplied by
|
|
·
|
The surrender charge factor applicable at the time of the decrease. (See Appendix A.)
|
·
|
A change in the death benefit option; or
|
·
|
A cash withdrawal (when you select death benefit Option A).
|
·
|
For purposes of assessing this transfer charge, all transfers made in one day, regardless of the number of subaccounts affected by the transfer, will be considered a single transfer.
|
·
|
Transfers resulting from loans or the exercise of conversion rights currently are not treated as transfers for the purpose of assessing this charge.
|
·
|
Transfers via the Internet are not treated as transfers for the purpose of assessing this charge.
|
·
|
Transfers among the ProFunds and/or Access Trust subaccounts are not treated as transfers for the purpose of assessing this charge.
|
·
|
Transfers under dollar cost averaging and asset rebalancing are not treated as transfers for the purpose of assessing this charge.
|
·
|
Terminal Illness Accelerated Death Benefit Rider. We do not assess an administrative charge for this rider, however, if the rider is exercised, we reduce the single sum benefit by a discount factor to compensate us for income lost due to the early payment of the death benefit. The discount rate is based on the Applicable Federal Interest Rate (1. 4 6% for 201 7 ) or the Policy loan interest rate, whichever is greater. For a complete description of the Terminal Illness Accelerated Death Benefit Rider, please refer to the section entitled "Terminal Illness Accelerated Death Benefit Rider" in this prospectus.
|
·
|
Primary Insured Rider ("PIR") and Primary Insured Rider Plus ("PIR Plus"). We assess a cost of insurance charge based on the insured's issue age, sex and underwriting class, the Policy year and the rider face amount. Charges generally will increase each year with the age of the insured.
|
·
|
Other Insured Rider. We assess a cost of insurance charge based on each other insured's issue age, sex and underwriting class, Policy year and the rider face amount. Charges generally will increase each year with the age of the insured.
|
·
|
Children's Insurance Rider. We assess a cost of insurance charge based on the rider face amount regardless of the number of children insured.
|
·
|
Accidental Death Benefit Rider. We assess a cost of insurance charge based on the primary insured's attained age and rider face amount. Charges generally will increase each year with the age of the insured.
|
·
|
Disability Waiver Rider. We assess a rider charge based on the primary insured's issue age, sex and net amount at risk for the Policy, as well as a charge based on those riders that would be eligible to have monthly deductions waived.
|
·
|
Disability Waiver and Income Rider. We assess a rider charge based on the primary insured's issue age, sex and the amount of monthly waiver of premium benefit that would be paid in the event of total disability, as defined in the rider.
|
·
|
Rule 12b-1 Fees. We, and/or our affiliate, Transamerica Capital, Inc. ("TCI"), which is the principal underwriter for the Policies, indirectly receive 12b-1 fees from certain funds available as investment choices under our variable insurance products. Any 12b-1 fees received by TCI that are attributable to our variable insurance products are then credited to us. These fees range from 0.00% to 0.35% of the average daily assets of the certain portfolios attributable to the Policies and to certain other variable insurance products that we and our affiliates issue.
|
·
|
Administrative, Marketing and Support Service Fees ("Support Fees"). The investment adviser, sub-adviser, administrators, and/or distributors (or affiliates thereof) of the portfolios may make payments to us and/or our affiliates, including TCI. These payments may be derived, in whole or in part, from the profits the investment adviser or sub-adviser realizes on the advisory fee deducted from portfolio assets. Policyowners, through their indirect investment in the portfolios, bear the costs of these fees. (See the prospectuses for the funds for more information.) The amount of the payments we (or our affiliates) receive is generally based on a percentage of the assets of the particular portfolios attributable to the Policy and to certain other variable insurance products that our affiliates and we issue. These percentages differ and the amounts of payments may be significant. A dvisers or sub-advisers (or other affiliates) pay ments to us vary .
|
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 or death benefit option type 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 qualification of the Policy as a life insurance contract under the Internal Revenue Code or to meet applicable requirements of federal or state laws relating to variable life policies; or
|
·
|
To reflect a change in the operation of the separate account; or
|
·
|
To provide additional subaccounts and/or fixed account options.
|
·
|
The date of your application; or
|
·
|
The date the insured completes all of the medical tests and examinations that we require.
|
The aggregate amount of conditional
insurance coverage, if any, is the lesser of:
|
·
|
The amounts applied for under all Conditional
Receipts issued by us; or
|
·
|
$500,000 of life insurance.
|
|
Subject to the conditions and limitations of the
|
·
·
|
The date of application; or
|
|
Conditional Receipt, conditional insurance under the terms of the Policy applied for may
|
|||
become effective as of the later of:
|
|||
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, so long as all of the following requirements are met:
|
|||
|
|||
1.
|
The person proposed to be insured is found to have been insurable as of the Effective Date, exactly as applied for in accordance with our underwriting rules and standards, without any modifications as to plan, amount, or premium rate.
|
||
2.
|
As of the Effective Date, all statements and answers given in the application must be true.
|
||
3.
|
The payment made with the application must not be less than the full initial premium for the mode of payment chosen in the application and must be received at our mailing address within the lifetime of the proposed insured.
|
||
4.
|
All medical examinations, tests, and other screenings required of the proposed insured by us are completed and the results received at our mailing address within 60 days of the date the application was signed.
|
||
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:
|
·
|
60 days from the date the application was signed;
|
|
·
|
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;
|
||
·
|
When the insurance applied for goes into effect under the terms of the Policy that you applied for; or
|
||
·
|
The date we offer to provide insurance on terms that differ from the insurance for which you have applied.
|
||
Special limitations of the Conditional Receipt:
|
·
|
The Conditional Receipt is not valid unless:
|
|
>
|
All blanks in the Conditional Receipt are completed; and
|
||
>
|
The receipt is signed by 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 Wire Transfer
|
Administrative Office
|
Electronic Credit and Debit Transactions (e.g., payments through direct deposit, debit transfers, and forms of e-commerce payments
|
Administrative Office
|
·
|
Allocation percentages must be in whole numbers.
|
·
|
If you select dollar cost averaging, we may require you to have a minimum of $5,000 in each subaccount from which we will make transfers and you may be required to transfer at least a total of $100 monthly.
|
·
|
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.
|
·
|
Your Policy may be limited to a cumulative transfer out of the fixed account each Policy year of the greater of 25% of the amount in the fixed account, or the amount transferred out 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 number of transfers out of the fixed account to one per Policy year. If we modify or stop this current practice, we will notify you at the time of your transfer.
|
·
|
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.
|
·
|
Except as listed below, we may deduct a $25 charge from the amount transferred for each transfer in excess of 12 transfers in a Policy year:
|
1. We consider all transfers made in any one day to be a single transfer.
|
|
2. Transfers via the Internet are not treated as transfers for the purpose of assessing the transfer charge.
|
|
3. Transfers among the ProFunds and/or Access Trust subaccounts are not treated as transfers for the purpose of assessing the transfer charge.
|
|
4. Transfers under asset rebalancing and dollar cost averaging currently are not treated as transfers for the purpose of assessing the transfer charge.
|
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 the instructions are genuine.
|
·
|
If we follow these procedures, we are not liable for any loss, damage, cost or expense from complying with telephone instructions we reasonably believe to be authentic. You bear the risk of any such loss.
|
·
|
If we do not employ reasonable confirmation procedures, we may be liable for losses due to unauthorized or fraudulent instructions.
|
·
|
Such procedures may include requiring forms of personal identification prior to acting upon telephone instructions, providing written confirmation of transactions to owners, and/or tape recording telephone instructions received from owners.
|
·
|
We may also require that you send us the telephone, Internet or fax transfer order in writing.
|
·
|
If you do not want the ability to make telephone or Internet 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 by telephone to 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, in good order, in writing to our mailing address (or by facsimile or telephone to our administrative office), a completed asset rebalancing request form signed by the owner before the maturity date.
|
·
|
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 at our administrative office), a request to discontinue participation by 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 registered representative or investment advisor under the terms of the administrative agreement do not apply to financial transactions requested by an owner 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 values 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 surrender charge as of such date; minus
|
|
·
|
Any outstanding Policy loan amount(s); plus
|
|
·
|
Any interest you paid in advance on the loan(s) for the period between the date of the surrender and the next Policy anniversary.
|
The number of units in any subaccount on any valuation date equals:
|
·
|
The initial units purchased at unit value on the Policy date; plus
|
·
|
Units purchased with additional net premium(s); plus
|
|
·
|
Units purchased due to a loan repayment; minus
|
|
·
|
Units purchased through 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 to pay pro rata decrease, cash withdrawal and transfer charges; minus
|
|
·
|
Units redeemed due to any refund of premiums allocated to that 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 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, transfer charges, or any other fees and charges; minus
|
|
·
|
Amounts transferred from the fixed account to a subaccount (including amounts transferred from the loan reserve account); minus
|
|
·
|
Any refund of premium allocated to the fixed account.
|
The final death benefit payment 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; plus
|
|
·
|
Any additional insurance in force provided by rider; plus
|
|
·
|
Any interest you paid in advance on the loan(s) for the period between the date of death and the next Policy anniversary.
|
The death benefit equals the greatest of:
|
·
|
The specified amount; or
|
·
|
A specified percentage called the "limitation percentage" as shown on your Policy's schedule page, 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 policy 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, as shown on your Policy's schedule page; 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 policy 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 multiplied by (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 policy under Section 7702 of the Internal Revenue Code.
|
1.
|
Assume that the insured is attained age 75 and that there are no outstanding loans. Under Option C, a Policy with a specified amount of $50,000 and with a cash value of $12,000 will have a death benefit of $52,000 {$50,000 x the minimum of (1.0 and (0.04 x (95-75))) + $12,000}. The death benefit, however, must be at least 105% of cash value as shown in the limitation percentage table above.
|
2.
|
Assume that the insured is attained age 75 and that there are no outstanding loans. Under Option C, a Policy with a specified amount of $50,000 and with a cash value of $9,000 will have a death benefit equal to the specified amount of $50,000, since the calculation of $50,000 times the minimum of {1.0 and (0.04 x (95-75))} plus $9,000 is less than the specified amount.
|
3.
|
Assume that the insured is under attained age 71 and that there are no outstanding loans. Under Option C, a Policy with a specified amount of $100,000 and with a cash value of $10,000 will have a death benefit of $110,000, because through attained age 70 the minimum of {1.0 and (0.04 x (95-age))} is always 1.0. Until the insured attains age 71, the Option C death benefit is the same as the Option B death benefit.
|
·
|
You must send your written request, in good order, to our mailing address or fax it to our administrative office 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.
|
Conditions for decreasing the specified amount:
|
·
|
You must send your written request, in good order, to our mailing address or you may fax it to us at 1-727-299-1620.
|
·
|
Decreases are allowed only after the third Policy year.
|
|
·
|
You may not decrease your specified amount lower than the minimum specified amount 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.
|
|
·
|
We may limit the amount of the decrease to no more than 20% of the specified amount.
|
|
·
|
A decrease in specified amount will take effect on the Monthiversary on or next following the date we receive your written request, in good order, at our mailing address.
|
|
·
|
We will assess a pro rata decrease charge against the cash value if you request a decrease in your specified amount within the first 15 Policy years.
|
Cash withdrawal conditions:
|
·
|
You must send your written cash withdrawal request with an original signature, in good order, to our mailing address. If your withdrawal request is less than $500,000, then you may fax it to us at 1-727-299-1620.
|
·
|
We reserve the right to 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 to no more than 10% of the net surrender value. The remaining net surrender value after the cash withdrawal must be at least $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.
|
|
·
|
We will deduct a processing fee equal o f $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 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
|
·
|
We may require you to borrow at least $500.
|
certain conditions:
|
·
|
The maximum amount you may borrow is 90% of the cash value, minus any surrender charge and minus any outstanding loan amount.
|
·
|
We currently credit interest at an effective annual rate of 4.75% in arrears on amounts you borrow during the first ten Policy years.
|
·
|
After the tenth Policy year, on all amounts that you have borrowed, we currently credit interest to the part of the cash value in excess of the premiums paid less withdrawals at an interest rate equal to the interest rate we charge on the total loan. The remaining portion, equal to the cost basis, is currently credited an effective annual rate of 4.75% in arrears.
|
No lapse date
|
·
|
For issue ages 0‑60, the no lapse date is the lesser of 20 years or until the insured's attained age is 65.
|
|
·
|
For issue ages 61‑80, 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 amounts, and any pro rata decrease charge) 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 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, decrease the specified amount, or if supplemental benefits riders are added, terminated, reduced or increased.
|
|
·
|
Depending on 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 guarantee.
|
·
|
Submit a written application for reinstatement to our mailing address or 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.
|
|
·
|
Make a minimum premium payment as follows:
|
|
·
|
If the no lapse period has expired, then the policyowner must 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 above surrender charges that would apply at the time of reinstatement.
|
|
·
|
If the no lapse period has not expired, the required premium will be the lesser of the premium described above, or the total minimum monthly guarantee premium from policy issue through the month of lapse, plus two months of minimum monthly guarantee premiums, minus premiums previously paid net of withdrawals, outstanding loans, accrued loan interest, and decrease charges.
|
·
|
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 (e.g., 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 and 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
|
·
|
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.
|
|
Survivor (Joint and Survivor)
|
·
|
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.
|
Features of PIR and PIR Plus:
|
·
|
The rider increases the Policy's death benefit by the rider's face amount.
|
·
|
The PIR may be purchased for issue ages 0‑80.
|
|
·
|
The PIR Plus may be purchased for issue ages 18‑80.
|
|
·
|
The PIR terminates when the insured reaches attained age 90, and the PIR Plus terminates when the insured reaches attained age 85.
|
|
·
|
The minimum purchase amount for the PIR and PIR Plus is $25,000. There is no maximum purchase amount.
|
|
·
|
We do not assess any additional surrender charge for PIR and PIR Plus.
|
|
·
|
Generally PIR and PIR Plus coverage costs less than the insurance coverage under the Policy, but has no cash value.
|
|
·
|
You may cancel or reduce your rider coverage without decreasing your Policy's specified amount.
|
|
·
|
You may generally decrease your specified amount without reducing your rider coverage.
|
|
Conditions to convert the rider:
|
·
|
Your request must be in writing and sent to our mailing address, in good order.
|
·
|
The primary insured has not reached his/her 70th birthday.
|
|
·
|
The new policy is any permanent insurance policy that we currently offer.
|
|
·
|
Subject to the minimum specified amount required for the new policy, the amount of the insurance under the new policy will equal the specified amount in force under the rider as long as it meets the minimum specified amount requirements of a Base Policy.
|
|
·
|
We will base your premium on the primary insured's underwriting class under the rider.
|
|
Termination of the rider:
|
The rider will terminate on the earliest of:
|
|
·
|
When the insured reaches attained age 90 for a PIR and when the insured reaches attained age 85 for a PIR Plus; or
|
|
·
|
The date the Policy terminates for any reason except for the death of the primary insured; or
|
|
·
|
The date you fully convert the rider; or
|
|
·
|
The Monthiversary when the rider terminates upon the owner's written request.
|
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.
|
|
·
|
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 the premium for the new policy on the Other Insured's underwriting 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 95th birthday; or
|
|
·
|
The date the Policy terminates for any reason except for the death of the primary insured; or
|
|
·
|
31 days after the death of the primary insured; or
|
|
·
|
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's total disability began before the Policy anniversary nearest his/her 60th birthday.
|
·
|
The primary insured's total disability has existed continuously for at least six months.
|
Termination of the rider:
|
The rider will terminate on the earliest of:
|
|
●
|
The Policy anniversary on or following the primary insured's 60th birthday, unless the primary insured is totally disabled; or
|
|
●
|
The date of recovery from disability (with respect to benefits accruing during the continuance of an existing total disability after the Policy anniversary on or following the primary insured's 60th birthday); or
|
|
●
|
The date the Policy terminates; or
|
|
●
|
The Monthiversary when this rider is terminated upon the owner's written request.
|
·
|
The death benefit on the date we pay the single‑sum benefit; multiplied by
|
·
|
The percentage of the death benefit you elected to receive ("election percentage"); divided by
|
·
|
1 + i ("i" equals the Applicable Federal Interest Rate (1.56% for 2016) or the Policy loan interest rate expressed in arrears, 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 fax 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.
|
beneficiary(ies)
|
The person or persons you select to receive the death benefit from the Policy. You name the primary beneficiary and contingent beneficiary(ies).
|
cash value
|
The sum of your Policy's value in the subaccounts and the fixed account. If there is a Policy loan outstanding, 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 any charges that are due and payable. We will increase the death benefit proceeds by any interest you paid in advance on the loan for the period between the date of death and the next Policy anniversary.
|
face amount
|
The dollar amount of coverage 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.
|
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 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.
|
in force
|
While coverage under the Policy is active and the insured's life remains insured.
|
indebtedness
|
Outstanding loan amounts plus any accrued interest at the time your Policy lapsed.
|
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.
|
lapse
|
When life insurance coverage ends because you do not have enough cash value in the Policy to pay the monthly deductions, the surrender charge and any outstanding loan amount, and you have not made a sufficient payment by the end of a grace period.
|
loan amount
|
The total amount of all outstanding Policy loans, including both principal and interest due.
|
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 95th 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.
|
minimum monthly guarantee premium
|
The amount shown on the Policy schedule page (unless changed when you change death benefit options, or decrease the specified amount or increase or add a rider) 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, decrease the specified amount, or add, terminate, increase or decrease a rider, and you may need to pay additional premiums to keep the no lapse guarantee in effect. We make this determination whenever your net surrender value is not enough to meet monthly deductions. A grace period will begin whenever your net surrender value is not enough to meet monthly deductions.
|
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 your Policy, plus, if any, the pro rata decrease charge incurred as a result of a decrease in your specified amount.
|
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, plus any interest you paid in advance on the loan for the period between the date of surrender and the next Policy anniversary, and minus any surrender charge.
|
no lapse date
|
For issue ages 0-60, the no lapse date is either the anniversary on which the insured's attained age is 65 or the twentieth Policy anniversary, whichever is earlier. For issue ages 61-80, 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 when our underwriting process is complete, full life insurance coverage goes into effect, we begin to make monthly deductions, and your initial net premium is allocated to the Transamerica Aegon Government Money Market VP subaccount. The Policy date is shown on the schedule page of your Policy. 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.
|
record date
|
The date we record your Policy on our books as an in force Policy, and we allocate your cash value from the Transamerica Aegon Government Money Market VP subaccount to the accounts that you selected on your application.
|
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 in force specified amount (also referred to as the current specified amount) is the initial specified amount of life insurance that you have selected shown on the Policy's schedule page, unless you decrease the specified amount. In addition, we will reduce the specified amount by the dollar amount of any cash withdrawal if you choose the Option A (level) death benefit.
|
subaccount
|
A subdivision of the separate account that invests exclusively in shares of one investment portfolio of a fund.
|
surrender charge
|
If, during the first 15 Policy years, you fully surrender the Policy, we will deduct a surrender charge from your cash value.
|
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 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.
|
Issue
Age
|
Male
Ultimate Select/
Select
|
Male
Ultimate Standard/ Standard
|
Male/
Female
Juvenile
|
Female
Ultimate Select/
Select
|
Female
Ultimate Standard/ Standard
|
0
|
N/A
|
N/A
|
11.76
|
N/A
|
N/A
|
1
|
N/A
|
N/A
|
8.16
|
N/A
|
N/A
|
2
|
N/A
|
N/A
|
8.16
|
N/A
|
N/A
|
3
|
N/A
|
N/A
|
7.92
|
N/A
|
N/A
|
4
|
N/A
|
N/A
|
7.68
|
N/A
|
N/A
|
5
|
N/A
|
N/A
|
7.68
|
N/A
|
N/A
|
6
|
N/A
|
N/A
|
7.68
|
N/A
|
N/A
|
7
|
N/A
|
N/A
|
7.68
|
N/A
|
N/A
|
8
|
N/A
|
N/A
|
7.68
|
N/A
|
N/A
|
9
|
N/A
|
N/A
|
7.68
|
N/A
|
N/A
|
10
|
N/A
|
N/A
|
7.68
|
N/A
|
N/A
|
11
|
N/A
|
N/A
|
7.68
|
N/A
|
N/A
|
12
|
N/A
|
N/A
|
7.68
|
N/A
|
N/A
|
13
|
N/A
|
N/A
|
7.92
|
N/A
|
N/A
|
14
|
N/A
|
N/A
|
8.16
|
N/A
|
N/A
|
15
|
N/A
|
N/A
|
8.40
|
N/A
|
N/A
|
16
|
N/A
|
N/A
|
8.52
|
N/A
|
N/A
|
17
|
N/A
|
N/A
|
8.88
|
N/A
|
N/A
|
18
|
8.72
|
9.20
|
8.72
|
9.20
|
|
19
|
8.84
|
9.32
|
8.84
|
9.32
|
|
20
|
8.96
|
9.44
|
8.96
|
9.44
|
|
21
|
9.16
|
9.88
|
9.16
|
9.64
|
|
22
|
9.32
|
10.04
|
9.32
|
9.80
|
|
23
|
9.52
|
10.24
|
9.52
|
10.00
|
|
24
|
9.68
|
10.40
|
9.68
|
10.40
|
|
25
|
9.88
|
10.84
|
9.88
|
10.60
|
|
26
|
10.56
|
11.28
|
10.32
|
11.04
|
|
27
|
11.00
|
11.72
|
10.76
|
11.48
|
|
28
|
11.40
|
12.12
|
11.16
|
12.12
|
|
29
|
12.08
|
12.80
|
11.84
|
12.56
|
|
30
|
12.52
|
13.24
|
12.28
|
13.00
|
|
31
|
13.04
|
14.00
|
12.80
|
13.52
|
|
32
|
13.76
|
14.48
|
13.52
|
14.24
|
|
33
|
14.28
|
15.24
|
14.04
|
14.76
|
|
34
|
14.76
|
15.96
|
14.52
|
15.48
|
|
35
|
15.52
|
16.48
|
15.28
|
16.00
|
|
36
|
16.20
|
17.40
|
15.96
|
16.92
|
|
37
|
17.20
|
18.40
|
16.72
|
17.92
|
|
38
|
18.12
|
19.56
|
17.64
|
18.60
|
|
39
|
19.08
|
20.76
|
18.36
|
19.56
|
Issue
Age
|
Male
Ultimate Select/
Select
|
Male
Ultimate Standard/
Standard
|
Female
Ultimate Select/
Select
|
Female
Ultimate Standard/
Standard
|
40
|
20.28
|
21.96
|
19.32
|
20.52
|
41
|
21.64
|
23.56
|
20.68
|
22.12
|
42
|
23.08
|
25.24
|
22.12
|
23.80
|
43
|
24.44
|
27.08
|
23.15
|
25.40
|
44
|
26.04
|
29.16
|
23.86
|
26.96
|
45
|
27.44
|
31.04
|
24.59
|
27.83
|
46
|
28.72
|
32.80
|
25.38
|
28.76
|
47
|
29.84
|
34.56
|
26.22
|
29.73
|
48
|
31.00
|
36.32
|
27.11
|
30.75
|
49
|
32.24
|
38.32
|
28.04
|
31.84
|
50
|
33.56
|
40.56
|
29.05
|
32.99
|
51
|
34.98
|
42.56
|
30.11
|
34.20
|
52
|
36.49
|
45.24
|
31.24
|
35.48
|
53
|
38.10
|
47.68
|
32.45
|
36.84
|
54
|
39.83
|
50.84
|
33.72
|
38.28
|
55
|
41.68
|
53.28
|
35.09
|
39.79
|
56
|
43.63
|
55.79
|
36.54
|
41.39
|
57
|
45.74
|
57.00
|
38.08
|
43.06
|
58
|
47.98
|
57.00
|
39.74
|
44.88
|
59
|
50.38
|
57.00
|
41.54
|
46.85
|
60
|
52.97
|
57.00
|
43.47
|
48.97
|
61
|
55.74
|
57.00
|
45.57
|
51.26
|
62
|
57.00
|
57.00
|
47.82
|
53.73
|
63
|
57.00
|
57.00
|
50.26
|
56.41
|
64
|
57.00
|
57.00
|
52.88
|
57.00
|
65
|
57.00
|
57.00
|
55.68
|
57.00
|
66 and over
|
57.00
|
57.00
|
57.00
|
57.00
|
SURRENDER CHARGE FACTORS
|
|||||||||
END OF YEAR:*
|
ISSUE AGE:
|
||||||||
0-39
|
40-44
|
45-49
|
50-54
|
55-59
|
60-64
|
65-69
|
70-74
|
75-80
|
|
At Issue
|
1.00
|
1.00
|
1.00
|
1.00
|
1.00
|
1.00
|
1.00
|
1.00
|
1.00
|
1
|
1.00
|
.98
|
.98
|
.97
|
.97
|
.96
|
.96
|
.95
|
.94
|
2
|
1.00
|
.97
|
.96
|
.95
|
.94
|
.93
|
.92
|
.91
|
.89
|
3
|
1.00
|
.96
|
.94
|
.93
|
.91
|
.90
|
.88
|
.87
|
.84
|
4
|
1.00
|
.94
|
.92
|
.91
|
.88
|
.87
|
.84
|
.83
|
.79
|
5
|
1.00
|
.92
|
.90
|
.89
|
.85
|
.84
|
.80
|
.79
|
.74
|
6
|
.90
|
.90
|
.90
|
.85
|
.82
|
.81
|
.76
|
.75
|
.69
|
7
|
.80
|
.80
|
.80
|
.80
|
.80
|
.77
|
.72
|
.71
|
.64
|
8
|
.70
|
.70
|
.70
|
70
|
.70
|
.70
|
.70
|
.67
|
.59
|
9
|
.60
|
.60
|
.60
|
.60
|
.60
|
.60
|
.60
|
.60
|
.54
|
10
|
.50
|
.50
|
.50
|
.50
|
.50
|
.50
|
.50
|
.50
|
.49
|
11
|
.40
|
.40
|
.40
|
.40
|
.40
|
.40
|
.40
|
.40
|
.40
|
12
|
.30
|
.30
|
.30
|
.30
|
.30
|
.30
|
.30
|
.30
|
.30
|
13
|
.20
|
.20
|
.20
|
.20
|
.20
|
.20
|
.20
|
.20
|
.20
|
14
|
.10
|
.10
|
.10
|
.10
|
.10
|
.10
|
.10
|
.10
|
.10
|
15+
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
* | The factor on any date other than a Policy anniversary will be determined proportionately using the factor at the end of the Policy year before surrender and the factor at the end of the Policy year of surrender. |
The surrender
|
=
|
The surrender charge per thousand ($12.52)
|
charge
|
x
|
The number of thousands of initial specified amount (100)
|
x
|
The surrender charge factor (0.90)
|
|
=
|
$1,126.80
|
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
|
The Policy – General Provisions
Ownership Rights
Our Right to Contest the Policy
Suicide Exclusion
Misstatement of Age or Gender
Modifying the Policy
Mixed and Shared Funding
Addition, Deletion, or Substitution of Portfolios
Additional Information
Additional Information about Western Reserve and the Separate Account
Variations in Policy Provisions
Personalized Illustrations of Policy Benefits
Distribution of the Policies
Reports to Owners
Records
Independent Registered Public Accounting Firm
Underwriters
Underwriting Standards
Transamerica Premier's Published Ratings
Financial Statements
WRL Series Life Account Financials
Transamerica Premier Life Insurance Company Financials
|
1
1
2
2
2
2
2
2
3
3
3
3
4
4
4
4
4
4
5
5
S-1
G-1
|
Changing the Owner
|
·
|
Change the owner by providing written notice, in good order, to us 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 in good order, 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
|
·
|
Select
|
·
|
ultimate standard
|
·
|
Standard
|
Item 26.
|
Exhibits
|
|
(a)
|
Board of Directors Resolution
|
|
(i)
|
Resolution of the Board of Directors of Western Reserve establishing the separate account (3)
|
|
(ii)
|
Resolution of TPLIC Board authorizing Plan of Merger and attached Plan of Merger (15)
|
|
(iii)
|
Resolution of WRL Board of Directors authorizing Plan of Merger and attached Plan of Merger (15)
|
|
(iv)
|
Resolution Authorizing Re-domestication of the Separate Account (15)
|
|
(b)
|
Not Applicable
|
|
(c)
|
Underwriting Contracts
|
|
(i)
|
Amended and Restated Principal Underwriting Agreement between Transamerica Capital Inc. and Monumental Life dated March 1, 2013 (13)
|
|
(ii)
|
Amendment No. 1 to Amended and Restated Principal Underwriting Agreement between Transamerica Capital Inc. and Transamerica Premier Life Insurance Company (formerly, Monumental Life) dated July 31, 2014 (15)
|
|
(d)
|
Contracts
|
|
(i)
|
Specimen Flexible Premium Variable Life Insurance Policy (1)
|
|
(ii)
|
Endorsement (EL101) (2)
|
|
(e)
|
Applications
|
|
Application for Flexible Premium Variable Life Insurance Policy (1)
|
||
(f)
|
Depositor's Certificate of Incorporation and By-Laws
|
|
(i)
|
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) (13)
|
|
(g)
|
Reinsurance Contracts
|
|
(i)
|
Reinsurance Treaty dated September 30, 2000 and Amendments Thereto (3)
|
|
(ii)
|
Reinsurance Treaty dated July 1, 2002 and Amendments Thereto (3)
|
|
(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 (11)
|
|
(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 (11)
|
|
(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(11)
|
|
(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 (11)
|
|
(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 (11)
|
|
(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 (18)
|
|
(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 (18)
|
|
(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 (18)
|
|
(ix)
|
Amended Schedule A to Participation Agreement dated 5-1-2015 (TST) (19)
|
|
(x)
|
Amended Schedule A to Participation Agreement dated 12-18-2015 (TST) (19)
|
|
(xi)
|
Amended Schedule A to Participation Agreement dated 3-21-2016 (TST) (19)
|
|
(xii)
|
Amended Schedule A to Participation Agreement dated 5-01-2016 (TST) (19)
|
(xiii)
|
Amended Schedule A to Participation Agreement dated 12-16-2016 (TST) (20)
|
|
(xiv)
|
Amended Schedule A to Participation Agreement dated 5-1-2017 (TST) (20)
|
|
(xv)
|
Participation Agreement Among Variable Insurance Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 12-1-2000 (18)
|
|
(xvi)
|
Amendment No. 1 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 3-8-2004 (18)
|
|
(xvii)
|
Amendment No. 2 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 5-1-2005 (18)
|
|
(xviii)
|
Amendment No. 3 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 6-27-2007 (18)
|
|
(xix)
|
Amendment No. 4 to Participation Agreement Among Variable Products' Funds, Fidelity Distributors Corporation and Peoples Benefit Life Insurance Company dated 10-1-2007 (18)
|
|
(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 (18)
|
|
(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 (18)
|
|
(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 (18)
|
|
(xxiii)
|
Summary Prospectus Agreement between WRL and Fidelity Distributors Corporation dated May 1, 2011 (9)
|
|
(xxiv)
|
Participation Agreement Among Western Reserve, ProFunds, Access One Trust and ProFund Advisors LLC dated June 6, 2006 (6)
|
|
(xxv)
|
Amendment No. 1 to Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFund Advisors LLC dated June 1, 2007 (5)
|
|
(xxvi)
|
Amendment No. 2 to Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFund Advisors LLC dated August 30, 2008 (5)
|
|
(xxvii)
|
Amendment No. 3 to Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFund Advisors LLC dated February 28, 2008 (7)
|
|
(xxviii)
|
Amendment No. 5 to ProFunds Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFunds Advisors LLC dated May 1, 2012 (9)
|
|
(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 (11)
|
|
(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 (20)
|
|
(xxxi)
|
Confidentiality Amendment to ProFunds Participation Agreement among Western Reserve, ProFunds, Access One Trust and ProFunds Advisors LLC dated February 22, 2012 (9)
|
|
(xxxii)
|
Participation Agreement between AllianceBernstein Variable Products Series Fund, Inc. and Transamerica Premier Life Insurance Company (formerly, Monumental Life) dated August 2, 2000 (12)
|
|
(xxxiii)
|
Amendment to Participation Agreement Among AllianceBernstein Variable Products Series Fund, Inc. and TPLIC dated May 9, 2008 (12)
|
|
(xxxiv)
|
Amendment No. 2 to Participation Agreement between AllianceBernstein Variable Products Series Fund, Inc. and TPLIC dated March 1, 2012 (13)
|
|
(xxxv)
|
Amendment No. 3 to Participation Agreement between AllianceBernstein Variable Products Series Fund, Inc. and TPLIC dated April 30, 2014 (14)
|
|
(xxxvi)
|
Amendment No. 4 to Participation Agreement between AllianceBernstein Variable Products Series Fund, Inc. and TPLIC dated October 1, 2014 (15)
|
|
(xxxvii)
|
Amended Schedule A to Participation Agreement dated 5-1-2015 (19)
|
|
(xxxviii)
|
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 November 10, 2008 (8)
|
|
(xxxix)
|
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 (8)
|
|
(xl)
|
Amendment No. 2 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 1, 2010 (10)
|
(xli)
|
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 (9)
|
|
(xlii)
|
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 (11)
|
|
(xliii)
|
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(10)
|
|
(xliv)
|
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 (18)
|
|
(xlv)
|
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 (18)
|
|
(xlvi)
|
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 (18)
|
|
(i)
|
Not Applicable
|
|
(j)
|
Not Applicable
|
|
(k)
|
Legal Opinion
|
|
(i)
|
Legal Opinion and Consent of Arthur D. Woods, Esq. (2 1 )
|
|
(l)
|
Actuarial Opinion
|
|
(i)
|
Not Applicable
|
|
(m)
|
Sample Hypothetical Illustration (4)
|
|
(n)
|
Other Opinions:
|
|
(i)
|
Written Consent of PricewaterhouseCoopers LLP (2 1 )
|
|
(o)
|
Not Applicable
|
|
(p)
|
Not Applicable
|
|
(q)
|
Redeemability Exemption
|
|
(i)
|
Memorandum describing issuance, transfer and redemption procedures (17)
|
|
(r)
|
Powers of Attorney for: ( 20 )
|
|
(i)
|
David Schulz
|
|
(ii)
|
Blake S. Bostwick
|
|
(iii)
|
Jason Orlandi
|
|
(iv)
|
C. Michael van Katwijk
|
|
(v)
|
Eric J. Martin
|
|
(vi)
|
Mark Mullin
|
(1)
|
This exhibit was previously filed on the Initial Registration Statement to Form S-6 Registration Statement dated March 14, 1997 (File No. 333-23359) and is incorporated herein by reference.
|
(2)
|
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.
|
(3)
|
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.
|
(4)
|
This exhibit was previously filed on Post-Effective Amendment No. 10 to Form N-6 Registration Statement dated April 26, 2004 (File No. 333-23359) 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 October 16, 2007 (File 333-144117) and is incorporated herein by reference.
|
(6)
|
This exhibit was previously filed on the Initial Registrations Statement to Form N-6 Registration Statement dated June 14, 2006 (File No. 333-135005) and is incorporated herein by reference.
|
(7)
|
This exhibit was previously filed on Post-Effective Amendment No. 6 to Form N-6 Registration Statement dated April 14, 2008 (File No. 333-110315) and is incorporated herein by reference.
|
(8)
|
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.
|
(9)
|
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.
|
(10)
|
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.
|
(11)
|
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.
|
(12)
|
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.
|
(13)
|
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.
|
(14)
|
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.
|
(15)
|
This exhibit was previously filed on the Initial Registration Statement dated October 1, 2014 (File No. 333-199047) and is incorporated herein by reference.
|
(16)
|
Incorporated herein by reference to initial filing to Form N-4 Registration Statement (File 333-138040) filed on October 17, 2006.
|
(17)
|
This exhibit was previously filed on the Initial Registration Statement dated October 1, 2014 (File No. 333-199057) and is incorporated herein by reference.
|
(18)
|
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.
|
(19)
|
This exhibit was previously filed on Post-Effective Amendment No. 2 to Form N-6 Registration Statement dated April 20, 2016 (File No. 333-199047) and is incorporated herein by reference.
|
(20)
|
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.
|
(21)
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
rnet 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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Horizons St. Lucie Development, LLC
|
Florida
|
Sole Member - PSL Acquisitions Operating, LLC
|
Development company
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
Massachusetts Fidelity Trust Company
|
Iowa
|
100% AUSA Holding, LLC
|
Trust company
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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
|
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
|
WFG Properties Holdings, LLC
|
Georgia
|
Sole Member: World Financial Group, Inc.
|
Marketing
|
Name
|
Jurisdiction of Incorporation
|
Percent of Voting
Securities Owned |
Business
|
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.
|
California
|
100% Transamerica Premier Life Insurance Company
|
Insurance agency
|
World Financial Group Subholding Company of Canada Inc.
|
Canada
|
100% World Financial Group Holding Company of Canada, Inc.
|
Holding company
|
Yarra Rapids, LLC
|
Delaware
|
Members are: Real Estate Alternatives Portfolio 4MR, LLC (49%) and non-AEGON affiliate (51%)
|
Real estate investments
|
Zahorik Company, Inc.
|
California
|
100% AUSA Holding, LLC
|
Inactive
|
Zero Beta Fund, LLC
|
Delaware
|
Members are: Transamerica Life Insurance Company (71.6%
|
Aggregating vehicle formed to hold various fund investments.
|
Name
|
Principal
Business Address
|
Position and Offices with Underwriter
|
Brian Beitzel
|
(2)
|
Director, Treasurer and Chief Financial Officer
|
Joe Boan
|
(1)
|
Director and Vice President
|
David R. Paulsen
|
(3)
|
Director, Chief Executive Officer, President and Chairman of the Board
|
Mike Curran
|
(3)
|
Chief Compliance Officer
|
Amy E. Angle
|
(2)
|
Secretary
|
Vincent J. Toner
|
(3)
|
Vice President
|
John Koehler
|
(3)
|
Vice President
|
Alison Ryan
|
(4)
|
Assistant Secretary
|
Name of Principal Underwriter
|
Net Underwriting
Discounts and
Commissions(1)
|
Compensation on Redemption
|
Brokerage Commissions
|
Compensation
|
Transamerica Capital, Inc.
|
$0
|
0
|
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
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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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Assistant Treasurer, Controller and Senior Vice President
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s/ Arthur D. Woods
*By: Arthur D. Woods
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26(k) (i) | Legal Opinion & Consent of Arthur D. Woods, Esq. |
26(n)(i) | Written Consent of PricewaterhouseCoopers LLP |
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 any such separate account equal to the reserves and other policy liabilities with respect to such separate account shall not be 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, are 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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