PFL RETIREMENT BUILDER VARIABLE ANNUITY ACCOUNT
485APOS, 1999-02-10
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<PAGE>
 
                         
As filed with the Securities and Exchange Commission on February 10, 1999      
                                                        
                                                    Registration No. 333 - 7509
                                                                     811 - 7689
                                                                               
- -------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C.  20549

- -------------------------------------------------------------------------------

                                    FORM N-4

            REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933     [X]
                       
                     Pre-Effective Amendment No.         
                                                --- 
                                             
                     Post-Effective Amendment No. 7       
                                                 ---
                                      and

                       REGISTRATION STATEMENT UNDER THE                 [X]
                        INVESTMENT COMPANY ACT OF 1940
                                              
                          Amendment No. 10      
                                       ---

                PFL RETIREMENT BUILDER VARIABLE ANNUITY ACCOUNT
                -----------------------------------------------
                           (Exact Name of Registrant)

                           PFL LIFE INSURANCE COMPANY
                           --------------------------
                              (Name of Depositor)

            4333 Edgewood Road N.E., Cedar Rapids, Iowa  52499-0001
              (Address of Depositor's Principal Executive Offices)

               Depositor's Telephone Number, including Area Code

                                 (319) 297-8468

                             Frank A. Camp, Esquire
                           PFL Life Insurance Company
                            4333 Edgewood Road, N.E.
                         Cedar Rapids, Iowa  52499-0001
                    (Name and Address of Agent for Service)

                                    Copy to:

                         Frederick R. Bellamy, Esquire
                     Sutherland, Asbill and Brennan L.L.P.
                        1275 Pennsylvania Avenue, N.W.
                         Washington, D.C.  20004-2404
<PAGE>
 
    
Title of Securities Being Registered:      
    
Flexible Premium Variable Annuity Policies      

                              ------------------------
         

         
                              ------------------------

         
It is proposed that this filing will become effective:

    
        immediately upon filing pursuant to paragraph (b) of Rule 485.      
- -----
                
- -----   on May 1, 1998 pursuant to paragraph (b)(1)(iii) of Rule 485.     

                
        60 days after filing pursuant to paragraph (a)(i) of Rule 485     
- -----
        
  X     on May 1, 1999  pursuant to paragraph (a)(i) of Rule 485     
- -----      
    

If appropriate, check the following box:     
    
         X      This post-effective amendment designates a new effective date 
        ---
for a previously filed post-effective amendment.     

         
<PAGE>
 
    
This filing is solely for the purpose of delaying the post-effective date of the
prior post-effective amendment filed on January 22, 1999. Parts A, B and C of 
the prior filing (Post-Effective Amendment No. 6 to Form N-4, File No. 
333-07509) are incorporated by reference.      
<PAGE>
 
                                 SIGNATURES   
    
As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Registrant has caused this Registration Statement to be signed on its
behalf, in the City of Cedar Rapids and State of Iowa, on this 10/th/ day of
February, 1999.      


                                        PFL RETIREMENT BUILDER
                                        VARIABLE ANNUITY ACCOUNT
 
                                        PFL LIFE INSURANCE COMPANY
                                        Depositor


                                        _______________________________*
                                        William L. Busler
                                        President

As required by the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the duties indicated.
 
Signatures                           Title                    Date
- ----------                           -----                    ----
     
                       *             Director                 February ___, 1999
- ----------------------- 
Patrick S. Baird
 
/s/  Craig D. Vermie                 Director                 February 10, 1999
- -----------------------
Craig D. Vermie
 
                       *             Director                 February ___, 1999
- -----------------------  
William L. Busler          (Principal Executive Officer)
 
                       *             Director                 February ___, 1999
- ----------------------- 
Larry N. Norman
 
                       *             Director                 February ___, 1999
- -----------------------  
Douglas C. Kolsrud
 
                       *             Vice President and       February ___, 1999
- ----------------------- 
Robert J. Kontz                      Corporate Controller
 
                       *             Treasurer                February ___, 1999
- ----------------------- 
Brenda K. Clancy
     

*  By Craig D. Vermie, attorney in fact.


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