Correspondence 0001193125-23-074676 from TRANSAMERICA VARIABLE FUNDS (CIK 0000916943)
TRANSAMERICA VARIABLE FUNDS (CIK 0000916943)
Date: March 20, 2023 · CIK: 0000916943 · Accession: 0001193125-23-074676
AI Filing Summary & Sentiment
File numbers found in text: 333-08543
Letter
TRANSAMERICA VARIABLE FUNDS
Home Office:
Harrison, NY
Administrative Office:
6400 C Street SW
Cedar Rapids, IA 52499
March 20, 2023
[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 March 15, 2023, 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 6 Fee Examples, footnote 1- Please revise the date to 2022.
Response: Disclosure has been revised. Please see attached.
Comment 2: Page 13 Variable Funds Subaccounts, Calvert section- Confirm if the figures are correct or update to 2023.
Response: The figures listed for Calvert Research and Management are correct for March 31, 2022. They will be updated to 2023 figures in the 485b filing targeting May 1 effectiveness.
Comment 3: Page 16 Transfers- Consider revising “Variable Funds” to read “Variable Funds Subaccounts”
Response: Disclosure has been revised. Please see attached.
II. Transamerica Variable Funds/ Transamerica Asset Allocation Variable Funds Statement of Additional Information
Comment 4: Page 25 Advisory Fees Paid by the Asset Allocation Subaccounts chart- please update to 2022 figures.
Response: The 2022 figures are not yet available, but will be included in the 485b filing targeting May 1 effectiveness.
Home Office:
Harrison, NY
Administrative Office:
6400 C Street SW
Cedar Rapids, IA 52499
III. Transamerica Variable Funds/ Transamerica Asset Allocation Variable Funds Initial Summary Prospectus
Comment 5: Page 7 Redemption During the Accumulation Period, first paragraph- Please disclose if there is a minimum amount that must be withdrawn. Note that the statutory prospectus indicates that there is no minimum.
Response: Disclosure has been revised. 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
Show Raw Text
CORRESP 1 filename1.htm TRANSAMERICA VARIABLE FUNDS Home Office: Harrison, NY Administrative Office: 6400 C Street SW Cedar Rapids, IA 52499 March 20, 2023 [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 March 15, 2023, 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 6 Fee Examples, footnote 1- Please revise the date to 2022. Response: Disclosure has been revised. Please see attached. Comment 2: Page 13 Variable Funds Subaccounts, Calvert section- Confirm if the figures are correct or update to 2023. Response: The figures listed for Calvert Research and Management are correct for March 31, 2022. They will be updated to 2023 figures in the 485b filing targeting May 1 effectiveness. Comment 3: Page 16 Transfers- Consider revising “Variable Funds” to read “Variable Funds Subaccounts” Response: Disclosure has been revised. Please see attached. II. Transamerica Variable Funds/ Transamerica Asset Allocation Variable Funds Statement of Additional Information Comment 4: Page 25 Advisory Fees Paid by the Asset Allocation Subaccounts chart- please update to 2022 figures. Response: The 2022 figures are not yet available, but will be included in the 485b filing targeting May 1 effectiveness. Home Office: Harrison, NY Administrative Office: 6400 C Street SW Cedar Rapids, IA 52499 III. Transamerica Variable Funds/ Transamerica Asset Allocation Variable Funds Initial Summary Prospectus Comment 5: Page 7 Redemption During the Accumulation Period, first paragraph- Please disclose if there is a minimum amount that must be withdrawn. Note that the statutory prospectus indicates that there is no minimum. Response: Disclosure has been revised. 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