497 1 d497259d497.htm TRANSAMERICA PRINCIPIUM II VARIABLE ANNUITY Transamerica Principium II 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 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 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 January 1, 2018 and March 31, 2018. The rider fee, growth and withdrawal percentages may be different than those listed below for applications signed after March 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 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%

GROWTH PERCENTAGE

5.50%

 

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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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