EXHIBIT 8(b)(3)

AMENDMENT No. 8 TO PARTICIPATION AGREEMENT (AMERICAN FUNDS)

Amendment No. 8

to the

Fund Participation Agreement (the “Agreement”), dated as of January 28, 2005

Among

Transamerica Life Insurance Company,

American Funds Insurance Series and Capital Research and Management Company

WHEREAS, the parties executed an amendment dated March 1, 2012, to add Confidential Information complying with Massachusetts privacy laws that shall hereafter be referred to as Amendment Number 7 to the Participation Agreement. Capitalized terms used herein and not otherwise defined shall be given the definition ascribed such term in the Agreement.

WHEREAS, the parties desire to further amend the Agreement as provided herein.

NOW, THEREFORE, in consideration of the mutual promises set forth herein, the parties hereto agree as follows:

1. A new paragraph, numbered consecutively, is added to ARTICLE II. Representations and Warranties, as follows:

2.8.          Series and CRMC each agree to promptly notify the Company when any Fund available as an underlying investment option for the Contracts becomes a commodity pool operator (“CPO”) as defined under the Commodities Exchange Act (“CEA”), and CRMC is required to register with the Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator (“CPO”) as defined under the CEA, with respect to any such Fund. Until such notification is provided to the Company, Series and CRMC each represent and warrant that it is not registered as a CPO with respect to any such Fund. Series and CRMC each represent and warrant that it will use its best efforts to comply with the CEA and CFTC rules and regulations to the extent required.

All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. Unless otherwise specified, all defined terms shall have the same meaning given to them in the Agreement.

Effective Date: May 1, 2013

TRANSAMERICA LIFE INSURANCE COMPANY

on behalf of itself and each Account

By:         /s/ John Mallett

Name:    John Mallett

Title:    Vice President

Date:    12-23-13

1

AMERICAN FUNDS INSURANCE SERIES
By:	/s/ Steven Koszalka
Name:	Steven I. Koszalka
Title:	Secretary
Date:	12-19-13
CAPITAL RESEARCH AND MANAGEMENT COMPANY
By:	/s/ Michael Downer
Name:	Michael J. Downer
Title:	Senior V.P. and Secretary
Date:	12-13-13

2

ATTACHMENT A

Revised May 1, 2013

SEPARATE ACCOUNTS, CONTRACTS AND PORTFOLIOS

Name of Separate Account and    Date Established by the Board of    Directors	Contracts	Portfolios
PFL Corporate Account One      Est. August 10, 1998	Advantage V      Variable Universal Life Policy      Advantage VI      Variable Universal Life Policy	—    Asset Allocation Fund – Class 2 Shares —    Blue Chip Income and Growth Fund – Class 2 Shares —    Bond Fund – Class 2 Shares —    Cash Management Fund – Class 2 Shares —    Global Growth Fund – Class 2 Shares —    Global Growth & Income Fund – Class 2 Shares —    Global Small Capitalization Fund – Class 2 Shares —    Growth Fund – Class 2 Shares —    Growth-Income Fund – Class 2 Shares —    High-Income Bond Fund – Class 2 Shares —    International Fund – Class 2 Shares —    New World Fund – Class 2 Shares —    U.S. Government/AAA-Rated Securities Fund – Class 2 Shares
Transamerica Corporate Separate      Account Sixteen      June 16, 2003	Advantage X Variable Universal      Life Policy	—    Asset Allocation Fund – Class 2 Shares —    Blue Chip Income and Growth Fund – Class 2 Shares —    Bond Fund – Class 2 Shares —    Cash Management Fund – Class 2 Shares —    Global Growth Fund – Class 2 Shares —    Global Growth & Income Fund – Class 2 Shares —    Global Small Capitalization Fund – Class 2 Shares —    Growth Fund – Class 2 Shares —    Growth-Income Fund – Class 2 Shares —    High-Income Bond Fund – Class 2 Shares —    International Fund – Class 2 Shares —    New World Fund – Class 2 Shares —    U.S. Government/AAA-Rated Securities Fund – Class 2 Shares
Separate Account VA-1      December 4, 1986	Prime Investor Variable Annuity	—    Cash Management Fund – Class 1 Shares —    Growth Fund - Class 1 Shares —    Growth-Income Fund – Class 1 Shares —    High-Income Bond Fund – Class 1 Shares —    U.S. Government/AAA-Rated Securities Fund – Class 1 Shares

3

Name of Separate Account and    Date Established by the Board of    Directors	SEC File Numbers of the    Contracts Funded	Portfolios
Separate Account VA B     January 19, 1990	Transamerica Variable Annuity Series    Partners Variable Annuity Series    Transamerica AxiomSM II    Transamerica Advisor EliteSM II    Transamerica AxiomSM    Variable Annuity    Transamerica FreedomSM    Variable Annuity    Transamerica LandmarkSM    Variable Annuity    Transamerica LibertySM    Variable Annuity    Transamerica ExtraSM    Variable Annuity    Transamerica Advisor EliteSM    Variable Annuity	—    Asset Allocation Fund – Class 2 Shares —    Bond Fund - Class 2 Shares —    Growth Fund – Class 2 Shares —    Growth-Income Fund - Class 2 Shares —    International Fund - Class 2 Shares
	MEMBERS® Variable Annuity Series    MEMBERS® FreedomSM    Variable Annuity    MEMBERS® LandmarkSM    Variable Annuity    MEMBERS® LibertySM    Variable Annuity    MEMBERS® ExtraSM    Variable Annuity	—    Asset Allocation Fund – Class 2 Shares —    Bond Fund - Class 2 Shares —    Growth Fund – Class 2 Shares —    Growth-Income Fund - Class 2 Shares
Transamerica Separate Account R3     November 23, 2009	Advantage R3 Variable Adjustable    Life Insurance Policy	—    Asset Allocation Fund – Class 2 Shares —    Blue Chip Income and Growth Fund – Class 2 Shares —    Bond Fund – Class 2 Shares —    Cash Management Fund – Class 2 Shares —    Global Growth Fund – Class 2 Shares —    Global Growth & Income Fund – Class 2 Shares —    Global Small Capitalization Fund – Class 2 Shares —    Growth Fund – Class 2 Shares —    Growth-Income Fund – Class 2 Shares —    High-Income Bond Fund – Class 2 Shares —    International Fund – Class 2 Shares —    New World Fund – Class 2 Shares —    U.S. Government/AAA-Rated Securities Fund – Class 2 Shares

4