497 1 d400675d497.htm MEMBERS LANDMARK VARIABLE ANNUITY Members Landmark Variable Annuity

Transamerica Variable Annuity Series

   MEMBERS® Variable Annuity Series

Partners Variable Annuity Series

   Transamerica Advisor EliteSM II

Transamerica AxiomSM II

   Transamerica AxiomSM Variable Annuity

Transamerica PrincipiumSM III

   Transamerica Advisor EliteSM Variable Annuity

Transamerica LandmarkSM Variable Annuity

   MEMBERS® LandmarkSM Variable Annuity

MEMBERS® FreedomSM Variable Annuity

   Transamerica PrincipiumSM II Variable Annuity

Transamerica ExtraSM Variable Annuity

   MEMBERS® ExtraSM Variable Annuity

Transamerica LibertySM Variable Annuity

   MEMBERS® LibertySM Variable Annuity

Transamerica Variable Annuity I-Share

   Transamerica InspireSM Variable Annuity

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

Rate Sheet Supplement dated June 26, 2017

(for Applications signed on or after July 1, 2017)

to the

Prospectus dated May 1, 2017

This Rate Sheet Prospectus Supplement (this “supplement”) applies to the above listed Transamerica variable annuities and should be read and retained with the prospectus. If you would like another copy of the current prospectus, please call us at (800) 525-6205.

All Rate Sheet Prospectus Supplements are also available on the Edgar system at www.sec.gov. Please see the SEC file number table below for your applicable product.

We are issuing this supplement to provide the rider fee, growth and withdrawal percentages that we are currently offering for the Retirement Income Choice® 1.6 as described in the Retirement Income Choice® 1.6 Fees, Retirement Income Choice® 1.6 – Base Benefit – Withdrawal Percentage and the Retirement Income Choice® 1.6 – Base Benefit – Growth sections of the prospectus. This supplement replaces and supersedes any previously issued Rate Sheet Prospectus Supplement(s), and must be used in conjunction with the above effective prospectuses, as amended.

The amounts listed below apply for applications signed between July 1, 2017 and September 30, 2017. The rider fee, growth and withdrawal percentages may be different than those listed below for applications signed after September 30, 2017. The rider fee and withdrawal percentages applicable to your policy will not change for the life of your policy (unless subject to an automatic step-up as described in the Automatic Step-Up section of your prospectus. At the time of an automatic step-up the rider fee percentage may increase by no more than 0.75% from the current rider fee percentage listed below). The growth percentage can change upon manual reset, which is a manual process under which your current rider is terminated and a new rider is issued. You can only elect to reset during the 30 day period following each successive fifth rider anniversary and if all other rider issue requirements are met as further described in the Retirement Income Choice® 1.6 – Base Benefit- Manual Resets section of your prospectus. The Rate Sheet Prospectus Supplement applicable to your policy will be included with your prospectus. Please work with your financial professional or visit www.transamerica.com to confirm the current rates.

RIDER FEES

 

Rider Benefit

   Single Life Option     Joint Life Option  

Base Benefit Designated Allocation Group A

     1.45     1.45

Base Benefit Designated Allocation Group B

     1.10     1.10

Base Benefit Designated Allocation Group C

     0.70     0.70

Death Benefit

     0.40     0.35

Income Enhancement

     0.30     0.50

 

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GROWTH PERCENTAGE

5.50%

WITHDRAWAL PERCENTAGE

 

Age at time of

first withdrawal

 

Withdrawal Percentage -

Single Life Option*

 

Withdrawal Percentage -

Joint Life Option*

0-58

  0.00%   0.00%

59-64

  4.00%   3.50%

65-79

  5.00%   4.50%

³ 80

  6.00%   5.50%

 

*  The withdrawal percentage is determined by the annuitant’s age (or the annuitant’s spouse’s age if younger and the joint life option is elected) at the time of the first withdrawal taken on or after the rider anniversary immediately following the annuitant’s (or the annuitant’s spouse’s if younger and the joint life option is elected) 59th birthday.

Please note: In order for you to receive the rider fee, growth and withdrawal percentages reflected above, your application must be signed within the time period disclosed above. We must also receive your completed application within 7 calendar days from the date that this supplement is no longer effective, and the policy must be funded within 60 calendar days from the date that this supplement is no longer effective. If these conditions are not met, your application will be considered not in good order. If you decide to proceed with the purchase of the policy, additional paperwork may be required to issue the policy with the applicable rates in effect at that time.

 

Transamerica Life Insurance Company

Product Name

   SEC File
Number
  

Product Name

   SEC File
Number

Transamerica Variable Annuity Series

   333-185573   

MEMBERS® Variable Annuity Series

   333-185573

Partners Variable Annuity Series

   333-185573   

Transamerica Advisor EliteSM II

   333-186031

Transamerica AxiomSM II

   333-186029   

Transamerica AxiomSM Variable Annuity

   333-187913

Transamerica PrincipiumSM III

   333-186030   

Transamerica Advisor EliteSM Variable  Annuity

   333-187915

Transamerica LandmarkSM Variable Annuity

   33-33085   

MEMBERS® LandmarkSM Variable Annuity

   33-33085

MEMBERS® FreedomSM Variable Annuity

   33-56908   

Transamerica PrincipiumSM II Variable  Annuity

   333-187912

Transamerica ExtraSM Variable Annuity

   333-187910   

MEMBERS® ExtraSM Variable Annuity

   333-187910

Transamerica LibertySM Variable Annuity

   333-187911   

MEMBERS® LibertySM Variable Annuity

   333-187911

Transamerica Variable Annuity I-Share

   333-186031   

Transamerica InspireSM Variable Annuity

   333-215598

 

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