EXHIBIT (h)(5)(b)

AMENDMENT NO. 44 TO
PARTICIPATION AGREEMENT AMONG
TRANSAMERICA SERIES TRUST,
TRANSAMERICA LIFE INSURANCE COMPANY,
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY, AND
MONUMENTAL LIFE INSURANCE COMPANY

          The Participation Agreement, dated July 1, 1992, as amended (“Agreement”) among Transamerica Series Trust (the “Fund”), Transamerica Life Insurance Company (“Transamerica”), Transamerica Financial Life Insurance Company (“TFLIC”), and Monumental Life Insurance Company (“Monumental”), (herein collectively, “the Companies”), is hereby amended as as follows:

1.	A new Article XIV. is hereby added to the Agreement as follows:
		Article XIV. Summary Prospectus
		Should the Fund and the Companies desire to distribute the prospectuses of the funds within the Fund pursuant to Rule 498 of the Securities Act of 1933, as amended, (“Rule 498”), the roles and responsibilities of the Parties to the Agreement (the “Parties”), for complying with Rule 498 and other applicable laws, are set forth as follows:
			14.1	For purposes of this Article XIV., the terms “Summary Prospectus” and “Statutory Prospectus” shall have the same meaning as set forth in Rule 498.
			14.2	The Fund shall provide, or cause to provide, the Companies with copies of the Summary Prospectuses in the same manner and at the same times as the Participation Agreement requires that the Fund provide the Companies with Statutory Prospectuses. If the Fund makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497, under the Securities Act of 1933, unless the Parties agree otherwise, the Fund shall, instead of providing the Companies with a revised Summary Prospectus, provide the Companies with a supplement setting forth the changes in the Rule 497 filing.
			14.3	The Fund shall be responsible for compliance with Rule 498(e).
			14.4	The Fund represents and warrants that the Summary Prospectuses and the web site hosting of such Summary Prospectuses will comply with the requirements of Rule 498 applicable to the Fund and its series. The Fund further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498.
			14.5	The Fund agrees that the URL indicated on each Summary Prospectus will lead policyholders/contract owners directly to the web page used for hosting Summary Prospectuses (the “Landing Page”) and that such web page will host the current Fund and series’ documents required to be posted in compliance with Rule 498. The Fund shall promptly notify the Companies of any interruptions in availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement.
			14.6	The Fund represents and warrants that it will be responsible for compliance with the provisions of Rule 498(f)(i) involving policyholder/contract owner requests for additional Fund documents made directly to the Fund. The Fund further represents and warrants that any information obtained about

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		policyholders/contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Fund documents.
	14.7	The Companies represent and warrant that they will respond to requests for additional fund documents made by policyholders/contract owners directly to the Companies or one of their affiliates.
	14.8	Companies represent and warrant that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498.
	14.9	If the Fund determines that it will end its use of the Summary Prospectus delivery option, the Fund will provide the Companies with reasonable advance notice of its intent.
	14.10	The Parties agree that the Companies are not required to distribute Summary Prospectuses to their policyholders/contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the Companies. The Companies agree that they will give the Fund reasonable advance notice of their intended use of the Summary Prospectuses or the Statutory Prospectuses.
	14.11	The Parties agree that all other provisions of the Participation Agreement, including the Indemnification provisions, will apply to the terms of this Article XIV, as applicable.
2.      Schedule A of the Agreement is deleted in its entirety and replaced with the following Amended Schedule A:

AMENDED SCHEDULE A

Effective May 1, 2011

Account(s), Policy(ies) and Portfolio(s)
Subject to the Participation Agreement

Accounts:	Separate Account VA B
	Separate Account VA BNY
	Mutual Fund Account
	Separate Account VA A
	Separate Account VA C
	Separate Account VA CC
	Separate Account VA D
	Separate Account VA EE
	Retirement Builder Variable Annuity Account
	TFLIC Separate Account C
	Separate Account VUL-A
	TFLIC Series Life Account
	TFLIC Series Annuity Account
	Separate Account VA E
	Separate Account VA F
	Separate Account VUL-1 of Transamerica Life insurance Company
	Separate Account VUL-2 of Transamerica Life insurance Company
	Separate Account VUL-3 of Transamerica Life insurance Company
	Separate Account VUL-4 of Transamerica Life insurance Company

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Accounts (continued):
	Separate Account VUL-5 of Transamerica Life insurance Company
	Separate Account VUL-6 of Transamerica Life insurance Company
	Separate Account VA-8
	Separate Account VA J
	TA PPVUL 1
	Separate Account VA K
	Separate Account VA-2LNY
	Separate Account VA-2L
	Separate Account VL A
	AES Private Placement VA Separate Account
	Separate Account VA L
	Separate Account VA P
	PFL Corporate Account One
	Separate Account VA R
	Separate Account VA S
	Separate Account VA Q
	Separate Account VA HNY
	Separate Account VA QNY
	Separate Account VA W
	Separate Account VA WNY
	Separate Account VA YNY
	TFLIC Separate Account VNY
	Separate Account VA X
	Separate Account VA Y
	Separate Account VA-6
	Separate Account VA-6NY
	Separate Account VA-7
	Separate Account VL
	Transamerica Occidental Separate Account Two
	Transamerica Corporate Separate Account Sixteen
	Separate Account Fund B
	Separate Account Fund C
	Separate Account VA X
	Separate Account VA PP
	Separate Account VA FF
Policies:	Transamerica LandmarkSM Variable Annuity
	Transamerica LandmarkSM NY Variable Annuity
	The Atlas Portfolio Builder Variable Annuity
	Transamerica ExtraSM Variable Annuity
	Transamerica Access Variable Annuity
	Retirement Income Builder II Variable Annuity
	Advisor’s Edge® Variable Annuity
	Advisors’s Edge Select® Variable Annuity
	Advisor’s Edge® NY Variable Annuity
	Legacy Builder Plus
	TFLIC Financial Freedom Builder
	Transamerica Elite
	Privilege Select Variable Annuity
	Estate Enhancer Variable Life
	TransMark Optimum Choice® Variable Annuity
	TFLIC Freedom Elite Builder
	TFLIC Freedom PremierSM
	Immediate Income Builder II
	Premier Asset Builder Variable Annuity

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Policies (continued):	TFLIC Freedom Wealth Protector
	Advantage V
	Retirement Income Builder Variable Annuity
	Retirement Income Builder – BAI Variable Annuity
	Dreyfus/Transamerica Triple Advantage® Variable Annuity (NY)
	Dreyfus/Transamerica Triple Advantage® Variable Annuity
	Advisor’s Edge Select Private Placement
	Transamerica Preferred Advantage Variable Annuity
	Portfolio Select Variable AnnuitySM
	Flexible Premium Variable Annuity - A
	Flexible Premium Variable Annuity - B
	Flexible Premium Variable Annuity - C
	Flexible Premium Variable Annuity – D
	Flexible Premium Variable Annuity - E
	Flexible Premium Variable Annuity – G
	TFLIC Freedom Elite Builder II
	Flexible Premium Variable Annuity – H
	Advisor’s Edge® NY Variable Annuity
	Flexible Premium Variable Annuity – I
	Flexible Premium Variable Annuity –J
	Flexible Premium Variable Annuity - N
	Flexible Premium Variable Annuity - O
	Flexible Premium Variable Annuity – P
	Flexible Premium Variable Annuity – R
	Flexible Premium Variable Annuity - S, under marketing name “DWS Personal Pension Variable Annuity”
	Flexible Premium Variable Annuity - T under marketing name “DWS Personal Pension Variable Annuity”
	Transamerica FreedomSM Variable Annuity
	TransAccumulator® VUL
	TransAccumulator® VUL II
	TransUltra® VUL
	Transamerica Classic® Variable Annuity (NY)
	Transamerica Classic® Variable Annuity
	Transamerica Catalyst® Variable Annuity
	Transamerica Bounty® Variable Annuity
	Inheritance Builder Plus
	TransEquity®
	TransEquity II
	Advantaage VI
	Advantage SE
	Advantage X
	TransSurvivorSM VUL
	Transamerica Lineage®
	Transamerica Tribute®
	Fund B
	Fund C
	The One® Income AnnuitySM
	MEMBERS® LandmarkSM Variable Annuity
	MEMBERS® FreedomSM Variable Annuity
	MEMBERS® ExtraSM Variable Annuity
	MEMBERS® LibertySM Variable Annuity
	Transamerica SecurePath® for Life Product

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Portfolios:	Transamerica Series Trust – each Portfolio has an Initial Class and a Service Class of Shares except as noted.
	Transamerica AEGON Active Asset Allocation – Conservative VP
	Transamerica AEGON Active Asset Allocation – Moderate Growth VP
	Transamerica AEGON Active Asset Allocation – Moderate VP
	Transamerica AEGON High Yield Bond VP
	Transamerica AEGON Money Market VP
	Transamerica AEGON U.S. Government Securities VP
	Transamerica AllianceBernstein Dynamic Allocation VP
	Transamerica Asset Allocation - Conservative VP
	Transamerica Asset Allocation - Growth VP
	Transamerica Asset Allocation - Moderate VP
	Transamerica Asset Allocation - Moderate Growth VP
	Transamerica BlackRock Global Allocation VP (Initial Class Shares currently not being offered)
	Transamerica BlackRock Large Cap Value VP
	Transamerica BlackRock Tactical Allocation VP (Initial Class Shares currently not being offered)
	Transamerica Clarion Global Real Estate Securities VP
	Transamerica Efficient Markets VP
	Transamerica Foxhall Emerging Markets/Pacific Rim VP
	Transamerica Foxhall Global Conservative VP
	Transamerica Foxhall Global Growth VP
	Transamerica Foxhall Global Commodities & Hard Assets VP
	Transamerica Hanlon Balanced VP
	Transamerica Hanlon Growth VP
	Transamerica Hanlon Growth and Income VP
	Transamerica Hanlon Managed Income VP
	Transamerica Index 35 VP
	Transamerica Index 50 VP
	Transamerica Index 75 VP
	Transamerica Index 100 VP
	Transamerica International Moderate Growth VP
	Transamerica Jennison Growth VP
	Transamerica JPMorgan Core Bond VP
	Transamerica JPMorgan Enhanced Index VP
	Transamerica JPMorgan Mid Cap Value VP
	Transamerica JPMorgan Tactical Allocation VP
	Transamerica Madison Balanced Allocation VP
	Transamerica Madison Conservative Allocation VP
	Transamerica Madison Diversified Income VP
	Transamerica Madison Large Cap Growth VP
	Transamerica Madison Moderate Growth Allocation VP
	Transamerica MFS International Equity VP
	Transamerica Morgan Stanley Active International Allocation VP
	Transamerica Morgan Stanley Capital Growth VP
	Transamerica Morgan Stanley Growth Opportunities VP
	Transamerica Morgan Stanley Mid-Cap Growth VP
	Transamerica Multi-Managed Balanced VP
	Transamerica Multi-Managed Large Cap Core VP
	Transamerica PIMCO Real Return TIPS VP
	Transamerica PIMCO Total Return VP
	Transamerica ProFund UltraBear VP (Initial Class Shares currently not being offered)

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Portfolios (continued):
	Transamerica Systematic Small/Mid Cap Value VP
	Transamerica T. Rowe Price Small Cap VP
	Transamerica Third Avenue Value VP
	Transamerica WMC Diversified Equity VP
	Transamerica WMC Diversified Growth VP
	Transamerica WMC Diversified Growth II VP (Service Class Shares currently not being offered)

3. All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to be executed in its name and on its behalf by its duly authorized representative.

TRANSAMERICA SERIES TRUST			TRANSAMERICA LIFE INSURANCE COMPANY
By its authorized officer,			By its authorized officer,
By:	/s/ Christopher A. Staples		By:	/s/ Arthur D. Wood
Title:		Christopher A. Staples Vice President	Title:		Arthur D. Woods Vice President
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY			MONUMENTAL LIFE INSURANCE COMPANY
By its authorized officer,			By its authorized officer,
By:	/s/ Arthur D. Woods		By:	/s/ Steven R. Shepard
Title:		Arthur D. Woods Vice President	Title:		Steven R. Shepard Vice President

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