497VPI 1 d328009d497vpi.htm TRANSAMERICA PRINCIPIUM IV VARIABLE ANNUITY Transamerica Principium IV Variable Annuity

Transamerica PrincipiumSM IV Variable Annuity

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

Issued by

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA BNY

Supplement dated September 30, 2022

to the

Initial Summary Prospectus dated May 1, 2022

Effective on or about November 1, 2022, based on changes to the underlying portfolios, the Portfolio Company Appendix will be revised to reflect the following changes:

 

       
Current Portfolio Name    New Portfolio Name    Current Subadvisor    New Subadvisor

Transamerica Managed Risk

- Balanced ETF VP

  

Transamerica Goldman Sachs

Managed Risk - Balanced ETF VP

   Milliman Financial Risk Management LLC    Goldman Sachs Asset Management, L.P.

Transamerica Managed Risk

- Conservative ETF VP

  

Transamerica Goldman Sachs

Managed Risk - Conservative ETF VP

  

Milliman Financial Risk

Management LLC

   Goldman Sachs Asset Management, L.P.

Transamerica Managed Risk

- Growth ETF VP

  

Transamerica Goldman Sachs

Managed Risk - Growth ETF VP

  

Milliman Financial Risk

Management LLC

   Goldman Sachs Asset Management, L.P.

Effective on or about November 1, 2022, based on changes to the underlying portfolios, the Portfolio Company Appendix will be revised to reflect the following changes:

 

           

Current

Investment Objective  

  New Investment
Objective
 

Current

Portfolio Name

 

New Portfolio

Name

 

Current

Subadvisor

 

New

Subadvisor

Seeks maximum total return consistent with preservation of capital and prudent investment management.   Seeks to provide high total return through a combination of current income and capital appreciation.   Transamerica PIMCO Total Return VP   Transamerica Aegon Bond VP  

Pacific Investment Management

Company LLC

 

Aegon USA Investment

Management, LLC.

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

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

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