Transamerica Asset Allocation Variable Funds
Filed: 20 Apr 22, 12:00am
 | Home Office: Harrison, NY Administrative Office: 6400 C Street SW Cedar Rapids, IA 52499 |
April 20, 2022
[VIA EDGAR]
Mr. Christopher Bellacicco, Esq.
U.S. Securities and Exchange Commission
100 F Street NE
Washington, DC 20549-0506
| Re: | Transamerica Financial Life Insurance Company |
Transamerica Variable Funds: Form N-4 Registration Statements (File No. 33-73734)
Transamerica Asset Allocation Variable Funds: Form N-3 Registration Statements
(File No. 333-08543)
Mr. Bellacicco:
This letter responds to comments that you provided via phone call on April 19, 2022, with respect to the above-referenced filings for the separate accounts of Transamerica Financial Life Insurance Company (“TFLIC”) relating to the Transamerica Variable Funds and Transamerica Asset Allocation Variable Funds variable annuities.
For your convenience, I have restated those comments below, and followed each comment with our response.
I. Transamerica Variable Funds/ Transamerica Asset Allocation Variable Funds Prospectus
Comment 1: Page 9 Base Contract Expenses – Please delete the management fees and other expenses line items per Form N-4 instructions.
Response: Disclosure has been revised. Please see attached.
Comment 2: Page 26 – Regarding prior comment: “Comment 19: Fixed Annuity: Please delete this sentence “The SEC staff has not reviewed…”. Previous comment to delete was only referring to the first sentence. Suggest restoring the second sentence.
Response: Disclosure has been revised. Please see attached.
Comment 3: Bar Chart Attachment – Under the inception date column – Please confirm that 12/31/21 is the correct inception date.
Response: Disclosure has been revised. Please see attached.
II. Transamerica Variable Funds/ Transamerica Asset Allocation Variable Funds Statement of Additional Information
Comment 4: Page 11 regarding the N-3 Investment policies. It appears that the language is a duplicate. If duplicative please remove.
| Home Office: Harrison, NY Administrative Office: 6400 C Street SW Cedar Rapids, IA 52499 |
Response: Duplicate disclosures were deleted. Please see attached.
If you have any questions regarding these responses, please contact Brian Stallworth at 720-488-7884 or brian.stallworth@transamerica.com. I appreciate your assistance with this filing.
Sincerely,
/s/ Brian Stallworth
Brian Stallworth
Assistant General Counsel
Annual Total Returns (calendar years ended December 31)
Transamerica Asset Allocation - Intermediate/Long Horizon Subaccount
| Quarter Ended | Return | |||
Best Quarter: | 6/30/2020 | 6.67% | ||
Worst Quarter: | 3/31/2020 | -4.42% | ||
Average Annual Total Returns (periods ended December 31, 2021)
| 1 Year | 5 Years | 10 Years | Inception Date | |||||||||||||
| Transamerica Asset Allocation - Intermediate/Long Horizon Subaccount | ||||||||||||||||
Return before taxes | 12.16 | % | 10.24 | % | 8.90 | % | 12/31/1996 | |||||||||
Annual Total Returns (calendar years ended December 31)
Transamerica Asset Allocation - Intermediate Horizon Subaccount
| Quarter Ended | Return | |||
Best Quarter: | 6/30/2020 | 15.07% | ||
Worst Quarter: | 3/31/2020 | -13.53% | ||
Average Annual Total Returns (periods ended December 31, 2021)
| 1 Year | 5 Years | 10 Years | Inception Date | |||||||||||||
| Transamerica Asset Allocation - Intermediate Horizon Subaccount | ||||||||||||||||
Return before taxes | 9.11 | % | 8.37 | % | 7.16 | % | 12/31/1996 | |||||||||
Annual Total Returns (calendar years ended December 31)
Transamerica Asset Allocation - Short Horizon Subaccount
| Quarter Ended | Return | |||
Best Quarter: | 6/30/2020 | 19.10% | ||
Worst Quarter: | 3/31/2020 | -17.90% | ||
Average Annual Total Returns (periods ended December 31, 2021)
| 1 Year | 5 Years | 10 Years | Inception Date | |||||||||||||
| Transamerica Asset Allocation - Short Horizon Subaccount | ||||||||||||||||
Return before taxes | 1.63 | % | 3.79 | % | 3.18 | % | 12/31/1996 | |||||||||