Document:

<PAGE>

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

                         OPINION AND CONSENT OF ACTUARY

<PAGE>

April 2, 2003

Transamerica Financial Life Insurance Company
(formerly Transamerica Life Insurance Company of New York)
4333 Edgewood Road NE
Cedar Rapids, Iowa 52499-0001

Re: Separate Account VA-2LNY
    Registration on Form N-4 SEC File No. 33-55152

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 Dreyfus/Transamerica Triple Advantage
Variable Annuity contracts are those deemed necessary to appropriately reflect:

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

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

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

Fees and charges assessed against the contract 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>

The magnitude of each of the individual charges listed above in (i) through (v)
is established in the pricing of the Dreyfus/Transamerica Triple 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
contract in the pricing process.

Therefore, in my opinion, the fees and charges deducted under the contracts, 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
Transamerica Financial Life Insurance Company
(formerly Transamerica Life Insurance Company
of New York)<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 14, 2003 with respect to the statutory-basis financial statements
and schedules of Transamerica Life Insurance Company and (2) dated January 31,
2003 with respect to the subaccounts of Transamerica Life Insurance Company
Separate Account VA C, which are available for investment by contract owners of
the Transamerica Extra Variable Annuity, included in Post-Effective Amendment
No. 16 to the Registration Statement (Form N-4 No. 333-83957) and related
Prospectus of the Transamerica Extra Variable Annuity.

                                                            /s/Ernst & Young LLP

Des Moines, Iowa
April 25, 2003<PAGE>

                                 EXHIBIT (10)(b)

                         OPINION AND CONSENT OF ACTUARY

<PAGE>

April 2, 2003

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

Re:   Separate Account VA C
      Registration on Form N-4; SEC File No. 333-83957

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 EXTRA 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 Free (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
Page 2
April 2, 2003

The magnitude of each of the individual charges listed above in (i) through (v)
is established in the pricing of the Transamerica EXTRA 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
Transamerica Life Insurance Company<PAGE>

                                 EXHIBIT (10)(a)

                         CONSENT OF INDEPENDENT AUDITOR

<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 14, 2003 with respect to the statutory-basis financial statements
and schedules of Transamerica Life Insurance Company, (2) dated January 31, 2003
with respect to the financial statements of certain subaccounts of Retirement
Builder Variable Annuity Account, which are available for investment by contract
owners of the Retirement Income Builder Variable Annuity, (3) dated January 31,
2003 with respect to the financial statements of certain subaccounts of
Retirement Builder Variable Annuity Account, which are available for investment
by contract owners of the Retirement Income Builder II Variable Annuity and (4)
dated January 31, 2003 with respect to the financial statements of certain
subaccounts of Retirement Builder Variable Annuity Account, which are available
for investment by contract owners of Portfolio Select Variable Annuity, included
in Post-Effective Amendment No. 17 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.

                                                            /s/Ernst & Young LLP

Des Moines, Iowa
April 25, 2003<PAGE>

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

                         OPINION AND CONSENT OF ACTUARY

<PAGE>

                      [Transamerica Life Insurance Company]

April 1, 2003

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

Re:      Retirement Builder Variable Annuity Account
         Retirement Income Builder Variable Annuity
         Retirement Income Builder II Variable Annuity
         Portfolio Select Variable Annuity
         Registration on Form N-4           SEC File No. 333-7509

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 Retirement Income Builder Variable Annuity,
Retirement Income Builder II Variable Annuity, and Portfolio 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)  Surrender Charges

(v)   Any applicable rider fees or charges

<PAGE>
Transamerica Life Insurance Company
April 1, 2003
Page 2

The magnitude of each of the individual charges listed above in (i) through (v)
is established in the pricing of the Retirement Income Builder Variable Annuity,
Retirement Income Builder II Variable Annuity, and Portfolio 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/ R. Gene Hauser
------------------------------------
R. Gene Hauser
Associate Actuary
Transamerica Life Insurance Company

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