Document:

<PAGE>

                                EXHIBIT (10)(a)

                        CONSENT OF INDEPENDENT AUDITORS
<PAGE>

                        Consent of Independent Auditors

We consent to the reference to our firm under the caption "Independent Auditors"
in the Statement of Additional Information and to the use of our reports (1)
dated February 2, 2001 with respect to the financial statements of certain
subaccounts of PFL Endeavor VA Separate Account, which are available for
investment by contract owners of The Endeavor Platinum Variable Annuity and (2)
dated February 15, 2001 with respect to the statutory-basis financial statements
and schedules of PFL Life Insurance Company, included in Post-Effective
Amendment No. 14 to the Registration Statement (Form N-4 No. 33-56908) and
related Prospectus of Transamerica Freedom Variable Annuity, formerly known as
The Endeavor Platinum Variable Annuity.

                                              Ernst & Young LLP

Des Moines, Iowa
April 24, 2001<PAGE>

                                 EXHIBIT (10)(b)
                                 ---------------

                         OPINION AND CONSENT OF ACTUARY
<PAGE>

               [Transamerica Life Insurance Company Letterhead]

April 10, 2001

Transamerica Life Insurance Company
4333 Edgewood Road NE
Cedar Rapids, Iowa 52499-0001

Re:  Separate Account VA B
     (formerly PFL Endeavor VA Separate Account)
     Registration on Form N-4  SEC File No. 33-56908

Dear Sir/Madam:

With regard to the above registration statement, I have examined such documents
and made such inquiries as I have deemed necessary and appropriate, and on the
basis of such examination, have the following opinions:

Fees and charges deducted under the Transamerica Freedom Variable Annuity
(formerly PFL Endeavor Platinum Variable Annuity) policies are those deemed
necessary to appropriately reflect:

(1)     the expenses incurred in the acquisition and distribution of the
        Policies,

(2)     the expenses associated with the development and servicing of the
        policies,

(3)     the assumption of certain risks arising from the operation and
        management of the Policies and/or riders to the Policy and that provides
        for a reasonable margin of profit.

Fees and charges assessed against the policy values in the Variable Account
include:

(i)     Service Charge and Administrative Charge

(ii)    Mortality and Expense Risk Fee (M&E)

(iii)   Distribution Financing Charge

(iv)    Taxes (including Premium and other Taxes if applicable)

(v)     Any applicable rider fees or charges
<PAGE>

Transamerica Life Insurance Company
April 10, 2001
Page 2

The magnitude of each of the individual charges listed above in (i) through (v)
is established in the pricing of the Transamerica Freedom Variable Annuity
(formerly PFL Endeavor Platinum Variable Annuity), to achieve a reasonable
Return on Investment (ROI), which is within the range of industry practice with
respect to comparable variable annuity products.

Except by coincidence, it is not expected that actual charges assessed in a
given year would exactly offset actual expenses incurred. Acquisition expenses
(as well as major product and/or systems development expenses) are incurred "up
front" and recovered, with a reasonable profit margin, through future years'
charges. In addition, the company cannot increase certain charges under the
Policies in the pricing process.

Therefore, in my opinion, the fees and charges deducted under the Policies, in
the aggregate, are reasonable in relation to the services rendered, the expenses
expected to be incurred, and the risks assumed by the company.

I hereby consent to the use of this opinion, which is included as an Exhibit to
the Registration Statement.

/s/ Calvin R. Birkey
---------------------------------------
Calvin R. Birkey, FSA, MAAA
Managing Actuary
Transamerica Life Insurance Company
(formerly PFL Life Insurance Company)

Platex10b.doc<PAGE>

                                EXHIBIT (4)(e)

                          FORM OF POLICY ENDORSEMENT
                        (ADDITIONAL DEATH DISTRIBUTION)
<PAGE>

              [LETTERHEAD OF TRANSAMERICA LIFE INSURANCE COMPANY]

                 (Hereafter called the Company, we, our or us)

                        ADDITIONAL DEATH BENEFIT RIDER

We issued this rider as a part of the policy to which it is attached.

This rider will pay an Additional Death Benefit amount equal to a percentage of
the gains accumulated in the policy since the rider was added.  This additional
death benefit will be paid whenever death proceeds are payable on the base
policy to which this rider is attached.

This rider will be considered terminated when the policy is annuitized or
surrendered, or an additional death benefit is paid under the terms of this
rider.  You may also terminate this benefit at any time by notifying us at our
service center.  Once terminated, this rider may be re-elected.  However, a new
rider will be issued and the Additional Death Benefit amount will be re-
determined.

Policy Number:                                  [123456]
Rider Date:                                     [11-14-2000]
Additional Death Benefit Factor:                [10.00]%
Rider Fee Percentage:                           [0.75]%

DEFINITIONS

Rider Anniversary
The anniversary of the Rider Date for each year the rider remains in force.

Rider Date
The date that this rider is added to the policy.

Rider Earnings
The policy gains accrued and not previously withdrawn since the Rider Date.  On
a given date, this amount is equal to: the death proceeds of the base policy;
minus the Policy Value of the base policy on the Rider Date; minus premiums paid
after the rider date; plus amounts withdrawn from the Policy Value after the
Rider Date that exceed the Rider Earnings on the date of the withdrawal.

ADDITIONAL DEATH BENEFIT AMOUNT
If death proceeds are payable under the terms of the base policy to which this
rider is attached, this rider will pay an Additional Death Benefit equal to the
Additional Death Benefit Factor multiplied by the Rider Earnings on the date
used to calculate the death proceeds.

ADDITIONAL DEATH BENEFIT PREMIUM
We will deduct a fee from the Policy Value on each Rider Anniversary and a pro-
rated fee on the termination date of the rider.  The Rider Fee is equal to the
Policy Value at the time the fee is deducted, multiplied by the Rider Fee
Percentage shown on the first page of this rider.  The fee will be deducted from
each subaccount and fixed account in proportion to the amount of Policy Value in
each account.  This fee will not be deducted after the policy is annuitized.

RTP 1 201
<PAGE>

SPOUSAL CONTINUATION
If a death occurs and the deceased's spouse, if any, is continuing the base
policy in lieu of receiving the death proceeds, the continuing spouse has the
following options:

 .    Terminate the Additional Death Benefit Rider and receive a one-time Policy
     Value increase equal to the amount of the Additional Death Benefit. All
     future surrender charges on this amount, if any, will be waived.

 .    Continue the Additional Death Benefit Rider without the one-time Policy
     Value increase. An Additional Death Benefit Amount would then be paid upon
     the death of the continuing spouse.

Additional Death Benefit Example:

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
Additional Death Benefit Example Assumptions:
----------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                             <C>
Contract value at rider issue                                                                                       $100,000
Premium payments after rider issue                                                                                  $ 25,000
Rider Earnings withdrawn                                                                                            $ 35,000
Death proceeds on base contract                                                                                     $225,000
Additional Death Benefit Factor                                                                                           10%
----------------------------------------------------------------------------------------------------------------------------
Additional Death Benefit Calculations:
----------------------------------------------------------------------------------------------------------------------------
Rider Earnings = death proceeds - contract value on the Rider Date - premium payments after the Rider Date +
withdrawals that exceed Rider Earnings on date of withdrawal = $225,000 - $100,000 - $25,000 + $0                   $100,000

Additional Death Benefit Amount = Additional Death Benefit Factor * Rider Earnings = 10% * $100,000                 $ 10,000

Total death proceeds = death proceeds on base contract + Additional Death Benefit Amount = $225,000 + $10,000       $235,000
----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                       Signed for Us at our Home Office.

         /s/ Craig D. Vermie              /s/ Larry N Norman
             SECRETARY                        PRESIDENT

RTP 1 201 (2)<PAGE>

                                EXHIBIT (10)(a)

                        CONSENT OF INDEPENDENT AUDITORS
<PAGE>

                        Consent of Independent Auditors

We consent to the reference to our firm under the caption "Independent Auditors"
in the Statements of Additional Information and to the use of our reports
(1) dated February 15, 2001 with respect to the statutory-basis financial
statements and schedules of PFL Life Insurance Company, (2) dated February 2,
2001 with respect to the financial statements of certain subaccounts of PFL
Retirement Builder Variable Annuity Account, which are available for investment
by contract owners of the Retirement Income Builder Variable Annuity, (3) dated
February 2, 2001 with respect to the financial statements of certain subaccounts
of PFL Retirement Builder Variable Annuity Account, which are available for
investment by contract owners of the Retirement Income Builder II Variable
Annuity, and (4) dated February 2, 2001 with respect to the financial statements
of certain subaccounts of PFL Retirement Builder Variable Annuity Account, which
are available for investment by contract owners of Portfolio Select Variable
Annuity, included in Post-Effective Amendment No. 10 to the Registration
Statement (Form N-4 No. 333-7509) and related Prospectuses of Retirement Income
Builder Variable Annuity, Retirement Income Builder II Variable Annuity and
Portfolio Select Variable Annuity.

                                       Ernst & Young LLP

Des Moines, Iowa
April 24, 2001

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