Transamerica Financial Life Insurance Company (TFLIC) is an insurance company based in Cedar Rapids, Iowa. Established in 1947, the company primarily sells fixed income and variable pension and annuity products, group life overages, life insurance, investment contracts and structured settlements. It was formerly known as AUSA Life Insurance Company and changed its name to Transamerica Financial Life Insurance Company in 2003. It operates as a subsidiary of Transamerica Corporation. The company is managed and administered by the board of directors.