497 1 d496499d497.htm TRANSAMERICA AXIOM II Transamerica Axiom II
Transamerica Variable Annuity Series    MEMBERS® Variable Annuity Series
Partners Variable Annuity Series    Transamerica Advisor EliteSM II
Transamerica AxiomSM II    Transamerica Income EliteSM II
Transamerica PrincipiumSM III    Transamerica Advisor EliteSM Variable Annuity
Transamerica LandmarkSM Variable Annuity    MEMBERS® LandmarkSM Variable Annuity
MEMBERS® FreedomSM Variable Annuity    Income EliteSM Variable Annuity
Transamerica ExtraSM Variable Annuity    MEMBERS® ExtraSM Variable Annuity
Transamerica LibertySM Variabale Annuity    MEMBERS® LibertySM Variable Annuity
Transamerica AxiomSM Variable Annuity    Transamerica PrincipiumSM II 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 December 19, 2017

(for Applications signed on or after January 1, 2018)

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 offering for the Retirement Income Max® as described in the Retirement Income Max® Rider Fees, Retirement Income Max®– Base Benefit – Withdrawal Percentage and the Retirement Income Max® – 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 variable annuity prospectuses, as amended.

The amounts listed below apply for applications signed between January 1, 2018 and January 31, 2018. The rider fee, growth and withdrawal percentages may be different than those listed below for applications signed after January 31, 2018. 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 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 FEE

1.25%

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   4.20%   3.70%
65-79   5.20%   4.70%
³ 80   6.20%   5.70%

 

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* 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 benefit 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 after 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 Income EliteSM II    333-186032    
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        Income EliteSM Variable Annuity    333-187914    
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 AxiomSM Variable Annuity    333-187913        Transamerica PrincipiumSM II Variable Annuity    333-187912    
Transamerica Variable Annuity I-Share    333-186031        Transamerica InspireSM Variable Annuity    333-215598    

 

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