AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 30, 1999
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FILE NOS. 033-65381
811-07467
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
POST-EFFECTIVE AMENDMENT NO. 5 /X/
AND/OR
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY
ACT OF 1940
AMENDMENT NO. 7 /X/
ALLSTATE LIFE OF NEW YORK SEPARATE ACCOUNT A
(Exact Name of Registrant)
ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
(Name of Depositor)
ONE ALLSTATE DRIVE
P.O. BOX 9095
FARMINGVILLE, NEW YORK 11738
(Address and Telephone Number of Depositor's Principal Offices)
MICHAEL J. VELOTTA
VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL
ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
3100 SAUNDERS ROAD
NORTHBROOK, ILLINOIS 60062
847-402-2400
(Name, Complete Address and Telephone Number of Agent for Service)
COPIES TO:
RICHARD T. CHOI, ESQUIRE TERRY R. YOUNG, ESQUIRE
FREEDMAN, LEVY, KROLL & SIMONDS ALLSTATE LIFE FINANCIAL SERVICES, INC.
1050 CONNECTICUT AVENUE, N.W. 3100 SAUNDERS ROAD
SUITE 825 NORTHBROOK, IL 60062
WASHINGTON, D.C. 20036-5366
Approximate date of proposed public offering: Continuous
IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE
(CHECK APPROPRIATE BOX)
/ / immediately upon filing pursuant to paragraph (b) of Rule 485
/X/ on December 31, 1999 pursuant to paragraph (b) of Rule 485
/ / 60 days after filing pursuant to paragraph (a)(1) of Rule 485
/ / on (date) pursuant to paragraph (a)(i) of Rule 485
IF APPROPRIATE, CHECK THE FOLLOWING BOX:
/ / This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
Title of Securities Being Registered: Units of Interest in the Allstate Life of
New York Separate Account A under deferred variable annuity contracts.
<PAGE>
Explanatory Note
Registrant is filing this post-effective amendment ("Amendment") for the purpose
of adding eight new variable sub-accounts that will be available under the AIM
Lifetime Plus(SM) Variable Annuity contract described in the registration
statement. The Amendment is not intended to amend or delete any part of the
registration statement, except as specifically noted herein.
<PAGE>
Allstate Life Insurance Company of New York
Allstate Life of New York Separate Account A
Supplement, dated January 3, 2000, to
AIM Lifetime PlusSM Variable Annuity Prospectus
dated May 1, 1999
This supplement amends the above-referenced prospectus for the AIM Lifetime
PlusSM Variable Annuity Contract (the "Contract"), offered by Allstate Life
Insurance Company of New York, to add eight new Variable Sub-Accounts. Please
keep this supplement for future reference together with your prospectus.
Cover page: Replace the second paragraph with the following:
The Contract currently offers 18 investment alternatives ("investment
alternatives"). The investment alternatives include the fixed account
("Fixed Account") and 17 variable sub-accounts ("Variable Sub-Accounts") of
the Allstate Life of New York Separate Account A ("Variable Account"). Each
Variable Sub-Account invests exclusively in shares of one of the following
funds ("Funds") of AIM Variable Insurance Funds, Inc.:
AIM V.I. Aggressive Growth Fund AIM V.I. Global Utilities Fund
AIM V.I. Balanced Fund AIM V.I. Government Securities Fund
AIM V.I. Blue Chip Fund AIM V.I. Growth Fund
AIM V.I. Capital Appreciation Fund AIM V.I. Growth and Income Fund
AIM V.I. Capital Development Fund AIM V.I. High Yield Fund
AIM V.I. Dent Demographics Fund AIM V.I. International Equity Fund
AIM V.I. Diversified Income Fund AIM V.I. Money Market Fund
AIM V.I. Global Growth and Income Fund AIM V.I. Telecommunications Fund
AIM V.I. Value Fund
Change all references throughout the prospectus to the availability of "9"
Variable Sub-Accounts to "17" Variable Sub-Accounts, and "10" investment
alternatives to "18" investment alternatives.
Page 8: Insert the following to the chart describing Fund Annual Expenses:
<TABLE>
<CAPTION>
------------------------------------------------- ------------------ ----------------- ------------------
Total Annual
Fund Advisory Fee Other Expenses Fund Expenses
<S> <C> <C> <C>
AIM V.I. Aggressive Growth Fund(1) 0.10% 1.06% 1.16%
AIM V.I. Balanced Fund(1) 0.00% 1.18% 1.18%
AIM V.I. Blue Chip Fund(2) 0.75% 0.55% 1.30%
AIM V.I. Capital Development Fund(1) 0.00% 1.21% 1.21%
AIM V.I. Dent Demographics Fund(2) 0.85% 0.55% 1.40%
AIM V.I. Global Growth and Income Fund(2) 1.00% 0.45% 1.45%
AIM V.I. High Yield Fund(1) 0.00% 1.13% 1.13%
AIM V.I. Telecommunications Fund(2) 1.00% 0.44% 1.44%
------------------------------------------------- ------------------ ----------------- ------------------
</TABLE>
Page 8: Insert the following footnote of the chart describing Fund Annual
Expenses:(1)
(1) Figures shown in the table are for the year ended December 31, 1998.
Absent voluntary reductions and reimbursements for certain Funds, management
fees, other expenses, and total annual fund expenses expressed as a
percentage of average net assets of the Funds would have been as follows:
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
AIM V.I. Aggressive Growth Fund 0.80% 3.82% 4.62%
AIM V.I. Balanced Fund 0.75% 2.08% 2.83%
AIM V.I. Capital Development Fund 0.75% 5.05% 5.80%
AIM V.I. High Yield Fund 0.63% 1.87% 2.50%
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</TABLE>
(2) The AIM V.I. Blue Chip, Dent Demographics, Global Growth and Income,
and Telecommunications Funds commenced operations on December 29, 1999,
December 29, 1999, October 15, 1999 and October 15, 1999 respectively. The
management fee, other expenses and total annual fund operating expenses are
based on estimates for the Funds' first full fiscal year.
Page 8: Insert the following to Example 1:
<TABLE>
<CAPTION>
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
-------------------- ------ ------- ------- --------
<S> <C> <C> <C> <C>
AIM V.I. Aggressive Growth $88 $129 $171 $303
AIM V.I. Balanced $88 $130 $172 $305
AIM V.I. Blue Chip $90 $130 $172 $301
AIM V.I. Capital Development $89 $131 $174 $308
AIM V.I. Dent Demographics $91 $131 $172 $302
AIM V.I. Global Growth and Income $91 $131 $173 $302
AIM V.I. High Yield $88 $128 $170 $300
AIM V.I. Telecommunications $91 $131 $173 $302
</TABLE>
Page 9: Insert the following to Example 2:
<TABLE>
<CAPTION>
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
-------------------- ------ ------- ------- --------
<S> <C> <C> <C> <C>
AIM V.I. Aggressive Growth $27 $84 $143 $303
AIM V.I. Balanced $28 $85 $144 $305
AIM V.I. Blue Chip $29 $85 $143 $301
AIM V.I. Capital Development $28 $85 $146 $308
AIM V.I. Dent Demographics $30 $86 $144 $302
AIM V.I. Global Growth and Income $30 $86 $144 $302
AIM V.I. High Yield $27 $83 $141 $300
AIM V.I. Telecommunications $30 $86 $144 $302
</TABLE>
Page 15: Insert the following to the table describing the investment objective
of each Fund:
<TABLE>
<CAPTION>
-------------------------------------------------- ---------------------------------------------------------
<S> <C>
Fund: Each Fund Seeks:
-------------------------------------------------- ---------------------------------------------------------
AIM V.I. Aggressive Growth Fund* Long-term growth of capital
-------------------------------------------------- ---------------------------------------------------------
AIM V.I. Balanced Fund As high a total return as possible, consistent with
preservation of capital.
-------------------------------------------------- ---------------------------------------------------------
-------------------------------------------------- ---------------------------------------------------------
AIM V.I. Blue Chip Fund Long-term growth of capital with a secondary objective
of current income
-------------------------------------------------- ---------------------------------------------------------
-------------------------------------------------- ---------------------------------------------------------
AIM V.I. Capital Development Fund Long-term growth of capital.
-------------------------------------------------- ---------------------------------------------------------
-------------------------------------------------- ---------------------------------------------------------
AIM V.I. Dent Demographics Fund Long-term growth of capital. The fund's investment objective
may be changed by the fund's Board of Directors without
shareholders approval
-------------------------------------------------- ---------------------------------------------------------
-------------------------------------------------- ---------------------------------------------------------
AIM V.I. Global Growth and Income Fund Long-term growth of capital together with current income.
-------------------------------------------------- ---------------------------------------------------------
-------------------------------------------------- ---------------------------------------------------------
AIM V.I. High Yield Fund High level of current income.
-------------------------------------------------- ---------------------------------------------------------
-------------------------------------------------- ---------------------------------------------------------
AIM V.I. Telecommunications Fund Long-term growth of capital
-------------------------------------------------- ---------------------------------------------------------
</TABLE>
* Due to the sometime limited availability of common stocks of small-cap
companies that meet the investment criteria for AIM V.I. Aggressive Growth
Fund, the Fund may periodically suspend or limit the offering of its shares.
The Fund will be closed to new participants when Fund assets reach $200
million. If the Fund is closed, Contract owners maintaining an allocation of
Contract Value in that Fund will nevertheless be permitted to allocate
additional purchase payments to the Fund.
Page 31: Replace the first sentence of the third paragraph with the following:
The Variable Account consists of multiple Variable Sub Accounts 17 which
are currently available for investment under the Contract.
Page A-1 (Appendix A): Replace the first sentence of the footnote to the table
of Accumulation Unit Values with the following:
The Variable Sub-Accounts listed above commenced operations on October 1,
1996. There are no Accumulation Unit Values to report for the AIM V.I.
Aggressive Growth, AIM V.I. Balanced, AIM V.I. Blue Chip, AIM V.I. Capital
Development, AIM V.I. Dent Demographics, AIM V.I. Global Growth and Income,
AIM V.I. High Yield and AIM V.I. Telecommunications Variable Sub-Accounts,
which first became available for investment under the Contract described
herein as of the date of this supplement.
<PAGE>
PART C
Part C is hereby amended to include the following exhibits:
ITEM 24. (b) EXHIBITS
(9)(c) Opinion and Consent of Michael J. Velotta, Vice President,
Secretary and General Counsel of Allstate Life Insurance Company
of New York.
27. NUMBER OF CONTRACT OWNERS
As of December 30, 1999, there were 461 nonqualified contracts and 818 qualified
contracts.
<PAGE>
SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Registrant, Allstate Life of New York Separate Account A, certifies
that it meets the requirements of Securities Act Rule 485(b) for effectiveness
of this Registration Statement and has duly caused this Amendment to the
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, and its seal to be hereunto affixed and attested, all in the
Township of Northfield, State of Illinois, on the 30th day of December, 1999.
ALLSTATE LIFE OF NEW YORK SEPARATE ACCOUNT A
(REGISTRANT)
BY: ALLSTATE LIFE INSURANCE COMPANY OF
NEW YORK
(DEPOSITOR)
(SEAL)
By: /s/Michael J. Velotta
-----------------------
Michael J. Velotta
Vice President, Secretary and
General Counsel
As required by the Securities Act of 1933, this amended Registration Statement
has been duly signed below by the following Directors and Officers of Allstate
Life Insurance Company of New York on the 30th day of December, 1999.
*/LOUIS G. LOWER, II Chairman of the Board and Director
Louis G. Lower, II (Principal Executive Officer)
*/THOMAS J. WILSON, II President and Director
Thomas J. Wilson, II (Principal Operating Officer)
*/JOSEPH J. RICHARDSON, JR. Director and Chief Operations Officer
Joseph J. Richardson, Jr.
/s/MICHAEL J. VELOTTA Vice President, Secretary, General
Michael J. Velotta Counsel and Director
*/KEVIN R. SLAWIN Vice President and Director
Kevin R. Slawin (Principal Financial Officer)
*/SAMUEL J. PILCH Controller
Samuel J. Pilch (Principal Accounting Officer)
*/TIMOTHY H. PLOHG Vice President and Director
Timothy H. Plohg
*/MARCIA D. ALAZRAKI Director
Marcia D. Alazraki
*/CLEVELAND JOHNSON, JR. Director
Cleveland Johnson, Jr.
*/GERARD F. MCDERMOTT Director
Gerard F. McDermott
*/JOHN R. RABEN, JR. Director
John R. Raben, Jr.
*/SALLY A. SLACKE Director
Sally A. Slacke
*/ By Michael J. Velotta, pursuant to Powers of Attorney previously filed.
<PAGE>
EXHIBIT INDEX
Exhibit Description
(9)(c) Opinion and Consent of Michael J. Velotta, Vice President,
Secretary and General Counsel
ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
LAW AND REGULATION DEPARTMENT
3100 Sanders Road, J5B
Northbrook, Illinois 60062
Direct Dial Number 847-402-2400
Facsimile 847-402-4371
Michael J. Velotta
Vice President, Secretary
and General Counsel
December 30, 1999
TO: ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
NORTHBROOK, ILLINOIS 60062
FROM: MICHAEL J. VELOTTA
VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL
RE: FORM N-4 REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933 AND THE INVESTMENT COMPANY ACT OF 1940
FILE NO. 033-65381, 811-07467
With reference to the Registration Statement on Form N-4 filed by Allstate
Life Insurance Company of New York (the "Company"), as depositor, and Allstate
Life of New York Separate Account A, as registrant, with the Securities and
Exchange Commission covering the Flexible Premium Deferred Variable Annuity
Contracts, marketed as the AIM Lifetime PlueSM Variable Annuity. I have examined
such documents and such law as I have considered necessary and appropriate, and
on the basis of such examination, it is my opinion that as of December 30, 1999:
1. The Company is duly organized and existing under the laws of the State of
New York and has been duly authorized to do business by the Director of
Insurance of the State of New York.
2. The securities registered by the above Registration Statement when issued
will be valid, legal and binding obligations of the Company.
I hereby consent to the filing of this opinion as an exhibit to the above
referenced Registration Statement and to the use of my name under the caption
"Legal Matters" in the Prospectus constituting a part of the Registration
Statement.
Sincerely,
/s/ MICHAEL J. VELOTTA
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Michael J. Velotta
Vice President, Secretary and
General Counsel
