Document:

Exhibit 10.A

 EXHIBIT (10)(a) 
  
 CONSENT OF INDEPENDENT AUDITORS 
  

 Consent of Independent Auditors 
  
 We consent to the references to our firm under the captions “Financial Statements” and “Independent Auditors” in the
Prospectuses and Statements of Additional Information, and to the use of our reports (1) dated January 30, 2004 with respect to the financial statements of certain subaccounts of Peoples Benefit Life Insurance Company Separate Account V, which are
available for investment by the contract owners of the Advisor’s Edge Variable Annuity, (2) dated January 30, 2004 with respect to the financial statements of certain subaccounts of Peoples Benefit Life Insurance Company Separate Account V,
which are available for investment by the contract owners of the Advisor’s Edge Select Variable Annuity and (3) dated February 13, 2004 with respect to the statutory-basis financial statements and schedules of Peoples Benefit Life Insurance
Company included in Post-Effective Amendment No. 23 to the Registration Statement (Form N-4 No. 33-80958) and related Prospectuses of the Advisor’s Edge Variable Annuity and Advisor’s Edge Select Variable Annuity. 
  
 Ernst & Young LLP 
  
 Des Moines, Iowa 
 April 27, 2004<PAGE>

                                 EXHIBIT (10)(b)

                         OPINION AND CONSENT OF ACTUARY

<PAGE>

               [Peoples Benefit Life Insurance Company Letterhead]

April 1, 2004

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

Re:   Peoples Benefit Life Insurance Company Separate Account V Registration on
      Form N-4 SEC File No. 33-80958

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 Advisor's Edge Variable Annuity and the
Advisor's Edge Select 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) Taxes (including premium and other taxes if applicable)

(iv)  Any applicable rider fees or charges

<PAGE>

Peoples Benefit Life Insurance Company
April 1, 2004
Page 2

The magnitude of each of the individual charges listed above in (i) through (iv)
is established in the pricing of the Advisor's Edge Variable Annuity and
Advisor's Edge Select 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/ Tim Bennett
--------------------------------------
Tim Bennett, ASA, MAAA
Assistant Actuary
Peoples Benefit Life Insurance CompanyExhibit 10.A

 EXHIBIT (10)(a) 
  
 CONSENT OF INDEPENDENT AUDITORS 

 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 report dated February 13, 2004, with respect to the statutory-basis financial statements and schedules of Transamerica Life Insurance Company, included in Post-effective Amendment No. 1 to the Registration Statement (Form N-4 No.
333-108525) and related Prospectus of Separate Account VA U. 
  
 

 
 Des Moines, Iowa 
 April 27, 2004<PAGE>

                                 EXHIBIT (10)(b)

                         OPINION AND CONSENT OF ACTUARY

<PAGE>

                  [Western Reserve Life Assurance Co. of Ohio]

April 1, 2004

Western Reserve Life Assurance Co. of Ohio
4333 Edgewood Road NE
Cedar Rapids, Iowa  52499-0001

Re:      WRL Freedom Premier III
         Separate Account VA U
         Registration on Form N-4

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 WRL Freedom Premier III 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; and

(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) Taxes (including premium and other taxes if applicable);

(iv)  Surrender Charges; and

(v)   Any applicable rider fees or charges.

<PAGE>

Western Reserve Life Assurance Co. of Ohio
April 1, 2004
Page 2

The magnitude of each of the individual charges listed above in (i) through (v)
is established in the pricing of the WRL Freedom Premier III, 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/ Richard Greer
----------------------------------
Richard Greer, FSA, MAAA
Managing Actuary
Western Reserve Life Assurance Co. of OhioExhibit 10.A

 EXHIBIT (10)(a) 
  
 CONSENT OF INDEPENDENT AUDITORS 
  

 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 13, 2004 with respect to the statutory-basis financial statements and schedules of Transamerica Life Insurance Company and (2) dated January 30, 2004 with respect to the subsaccounts of Separate Account VA
L, which are available for investment by contract owners of Transamerica Preferred Advantage Variable Annuity, included in Post-Effective Amendment No. 3 to the Registration Statement (Form N-4 No. 333-87792) and related Prospectus of Transamerica
Preferred Advantage Variable Annuity. 
  
 Ernst
& Young LLP 
  
 Des Moines, Iowa 
 April 27, 2004<PAGE>

                                 EXHIBIT (10)(b)

                         OPINION AND CONSENT OF ACTUARY

<PAGE>

                [Transamerica Life Insurance Company Letterhead]

April 1, 2004

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

Re:   Transamerica Preferred Advantage
      Separate Account VA L
      Registration on Form N-4

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 Preferred Advantage 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) Taxes (including premium and other taxes if applicable)

(iv) Surrender Charges

(v) Any applicable rider fees or charges

<PAGE>

Transamerica Life Insurance Company
April 1, 2004
Page 2

The magnitude of each of the individual charges listed above in (i) through (v)
is established in the pricing of the Transamerica Preferred Advantage 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/ R. Gene Hauser
--------------------------------------------
R. Gene Hauser
Associate Actuary
Transamerica Life Insurance Company

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