497VPI 1 d255442d497vpi.htm TRANSAMERICA ADVISORY ANNUITY Transamerica Advisory Annuity

TRANSAMERICA ADVISORY ANNUITY

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA BNY

Supplement Dated May 11, 2022

to the

Initial Summary Prospectus dated May 1, 2022

This supplement updates certain information in the above referenced Initial Summary Prospectus for the Transamerica Advisory Annuity. Except as indicated in this supplement, all other information included in the Initial Summary Prospectus remains unchanged. The updates below apply to the Transamerica S&P 500 Index VP and DFA VA Short-Term Fixed Portfolio in the Appendix - Portfolio Companies Available Under the Policy section of the Initial Summary Prospectus.

 

Investment Objective    Underlying Fund Portfolio and
Adviser/Sub-adviser
   Current
Expenses      
   Average Annual Total Returns (as
of 12/31/21)
   1 year    5 years    10 years
Investment Objective: To achieve a stable real return in excess of the rate of inflation with minimum risk.   

DFA VA Short-Term Fixed Portfolio

 

Advised by: Dimensional Fund Advisors LP

   0.12%    -0.19%    1.10%    0.78%
Investment Objective: Sees to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index.   

Transamerica S&P 500 Index VP - Initial Class(3)

 

Advised by: SSGA Funds Management, Inc.

   0.14%    28.50%    N/A    N/A

 

 

 

 

 

 

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

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