0000870156-08-000084.txt : 20120806
0000870156-08-000084.hdr.sgml : 20120806
20080501163209
ACCESSION NUMBER: 0000870156-08-000084
CONFORMED SUBMISSION TYPE: CORRESP
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20080501
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Old Mutual Financial Network Separate Account VA of Fidelity & Guaranty Life Insurance CO
CENTRAL INDEX KEY: 0001375839
IRS NUMBER: 526033321
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: CORRESP
BUSINESS ADDRESS:
STREET 1: 1001 FLEET STREET
CITY: BALTIMORE
STATE: MD
ZIP: 21202
BUSINESS PHONE: 410-895-0196
MAIL ADDRESS:
STREET 1: 1001 FLEET STREET
CITY: BALTIMORE
STATE: MD
ZIP: 21202
FORMER COMPANY:
FORMER CONFORMED NAME: Old Mutual Financial Network Separate Account VA of Fidelity & Guaranty Life Insurance CO
DATE OF NAME CHANGE: 20060918
CORRESP
1
filename1.txt
OM Financial Life Insurance Company
Old Mutual Financial Network Separate Account VA
1001 Fleet Street - 6th Floor, Law
Baltimore, Maryland 21202
Kenneth W. Reitz
Associate General Counsel
Office: 410-895-0196
Fax: 410-895-0085
E-mail: ken.reitz@omfn.com
May 1, 2008
VIA EDGAR TRANSMISSION
Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549
Attn: Rebecca Marquigny - Office of Insurance Products
Re: Old Mutual Financial Network Separate Account VA ("Registrant")
File No. 333-137531 and 811-21952
485(a) POST-EFFECTIVE AMENDMENT #8
- Beacon Navigator Variable Annuity
(commission product and typical load/surrender charge)
Dear Commissioners and Ms. Marquigny:
For the above referenced Registrant, today's filing is a Rule 485(a)
post-effective May 1, 2008 amendment to a registration made on Form N-4 (the
"Registration Statement") under the Securities Act of 1933, as amended ("1933
Act").
The sole purpose of today's 485(a) registration is to:
o Increase the current charge for the optional single-life Account
Protection Package benefit. This optional benefit includes a guaranteed
minimum death benefit as well as guaranteed minimum withdrawal benefit
wrapped into one package. The GMWB feature includes a cumulative feature
that allows the owner to accumulate unused GMWB to result in a `savings
bank' of GMWB that can be drawn on in later years. In many competing
GMWBs, the annual benefit is lost if it isn't used. A cumulative benefit
provides additional liquidity flexibility to the annuity contract owner.
There is additional cost to the insurer to provide this accumulation
benefit. We recently discovered that this additional cost hadn't been
priced into the charge for the Account Protection Package. Today's
registration seeks to recoup some of that cost by slightly increasing
the charge (by 5 basis points) to purchase just the single-life Account
Protection Package benefits.
o We hope to have this Supplement become effective as soon after 60 days
as possible - in early June 2008.
If you have any question concerning this filing before May 23, please contact
the undersigned by telephone at (410) 895- 0196 or by e-mail at Ken.
Reitz@omfn.com. After May 23, please contact Chip Lunde at the Jorden Burt law
firm in Washington DC at 202-965-8139 or by e-mail at mcl@jordenusa.com. I will
be leaving Old Mutual after May 23 to begin new employment at TIAA-CREF in
Charlotte, NC.
Respectfully Submitted,
/s/ Kenneth W. Reitz