497 1 d220968d497.htm MEMBERS LANDMARK Members Landmark
Members® LandmarkSM Variable Annuity    Members® FreedomSM Variable Annuity
Members® ExtraSM Variable Annuity    Members® LibertySM Variable Annuity
Income Elite® Variable Annuity    Transamerica Advisor EliteSM Variable Annuity
Transamerica Advisor EliteSM II    Transamerica Income Elite® II

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

Transamerica Advisor EliteSM II    Income Elite® Variable Annuity (NY)
Transamerica Income Elite® II    Transamerica LibertySM NY Variable Annuity

Issued by

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA BNY

Supplement dated October 1, 2021

to the

Prospectus dated May 1, 2017

Effective on or about November 1, 2021, based on changes to the underlying portfolios, the following name and subadvisor changes will occur:

Current Subaccount

Name

   New Subaccount Name    Current Subadvisor    New Subadvisor
Transamerica International Growth VP    Transamerica International Focus VP    TDAM USA Inc.    Epoch Investment Partners, Inc.
Transamerica Legg Mason Dynamic Allocation – Balanced VP    Transamerica BlackRock iShares Dynamic Allocation – Balanced VP    Franklin Advisers, Inc. (formerly known as QS Investors, LLC)    BlackRock Investment Management, LLC
Transamerica Legg Mason Dynamic Allocation – Growth VP    Transamerica BlackRock iShares Dynamic Allocation – Moderate Growth VP    Franklin Advisers, Inc. (formerly known as QS Investors, LLC)    BlackRock Investment Management, LLC
Transamerica QS Investors Active Asset Allocation – Conservative VP    Transamerica BlackRock iShares Active Asset Allocation – Conservative VP    Franklin Advisers, Inc. (formerly known as QS Investors, LLC)    BlackRock Investment Management, LLC
Transamerica QS Investors Active Asset Allocation – Moderate Growth VP    Transamerica BlackRock iShares Active Asset Allocation – Moderate Growth VP    Franklin Advisers, Inc. (formerly known as QS Investors, LLC)    BlackRock Investment Management, LLC
Transamerica QS Investors Active Asset Allocation – Moderate VP    Transamerica BlackRock iShares Active Asset Allocation – Moderate VP    Franklin Advisers, Inc. (formerly known as QS Investors, LLC)    BlackRock Investment Management, LLC

This Supplement updates certain information in the above referenced prospectuses (the ‘‘Prospectuses’’). Except as indicated in this Supplement, all other information included in the Prospectuses remains unchanged. We will send you another copy of the applicable Prospectus or any supplement without charge upon request. Please contact our Administrative Office referenced in the Prospectus.

This Supplement must be accompanied or preceded by the current Prospectus.

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