497 1 d757312d497.htm TRANSAMERICA INCOME ELITE II Transamerica Income Elite 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

Transamerica FreedomSM Variable Annuity

     MEMBERS® FreedomSM Variable Annuity

Transamerica ExtraSM Variable Annuity

     MEMBERS® ExtraSM Variable Annuity

Transamerica LibertySM Variable Annuity

     MEMBERS® LibertySM Variable Annuity

Transamerica AxiomSM Variable Annuity

     Transamerica PrincipiumSM II Variable Annuity

Income EliteSM Variable Annuity

     Transamerica InspireSM Variable Annuity

Transamerica Variable Annuity I-Share

    

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

Rate Sheet Supplement dated September 24, 2019

(for Applications signed on or after October 1, 2019)

to the

Prospectus dated May 1, 2019

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® rider 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 October 1, 2019 and November 30, 2019. The rider fee, growth and withdrawal percentages may be different than those listed below for applications signed after November 30, 2019. 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

 

Single    Joint  

1.35%

   1.45%

GROWTH PERCENTAGE

7.20%

 

This Supplement must be accompanied or preceded by the current Prospectus dated May 1, 2019.

Please read this Supplement carefully and retain it for future reference.

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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%
65-69    5.25%    4.75%
70-74    5.40%    4.90%
75-79    5.50%    5.00%
³ 80    5.75%    5.25%

* 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  
Transamerica FreedomSM Variable Annuity    33-56908    MEMBERS® FreedomSM Variable Annuity      33-56908  
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  
Income EliteSM Variable Annuity    333-187914      Transamerica InspireSM Variable Annuity      333-215598  

Transamerica Variable Annuity I-Share

 

   333-186031                

 

This Supplement must be accompanied or preceded by the current Prospectus dated May 1, 2019.

Please read this Supplement carefully and retain it for future reference.

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