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