497 1 d394389d497.htm TRANSAMERICA FREEDOM VARIABLE ANNUITY Transamerica Freedom Variable Annuity
Transamerica LandmarkSM Variable Annuity    Transamerica FreedomSM Variable Annuity
Transamerica ExtraSM Variable Annuity     

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

Supplement dated December 16, 2022

to the

Prospectuses dated May 1, 2022

The Appendix - Portfolio Companies Available Under the Policy is hereby revised to reflect the following Underlying Fund Portfolio information.

 

Investment Objective    Underlying Fund Portfolios
and Adviser/Sub-adviser
   Current
Expenses  
   Platform
Charges
 

Current

Expenses      

Plus

Platform

Charges

   Average Annual Total Return
(as of 12/31/21
  

1 year    

 

   5 years        10 years    
Investment Objective: Seeks income and capital growth consistent with reasonable risk.   

Fidelity ® VIP Balanced Portfolio - Service Class 2

 

Advised by: Fidelity Management & Research Company

   0.71%    0.30%   1.01%    17.99%    14.69%    12.37%
Investment Objective: Seeks long-term capital appreciation.   

Fidelity ® VIP Contrafund ® Portfolio - Service Class 2

 

Advised by: Fidelity Management & Research Company

   0.85%    -   0.85%    27.51%    19.87%    16.35%
Investment Objective: Seeks long-term growth of capital.   

Fidelity ® VIP Mid Cap Portfolio - Service Class 2

 

Advised by: Fidelity Management & Research Company

   0.86%    -   0.86%    25.31%    13.32%    13.00%
Investment Objective: Seeks capital appreciation.   

Fidelity ® VIP Value Strategies Portfolio - Service Class 2

 

Advised by: Fidelity Management & Research Company

   0.88%    -   0.88%    33.34%    13.67%    13.47%
Investment Objective: Seeks long-term capital appreciation and capital preservation.   

Transamerica BlackRock iShares Edge 40 VP - Service Class

 

Sub-Advised by: BlackRock Investment

Management, LLC

   0.69%    -   0.69%    5.78%    6.88%    5.37%

This Supplement must be accompanied or preceded by the applicable Prospectuses.

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


Investment Objective:

Seeks capital

appreciation and

current income.

  

Transamerica JPMorgan

Asset Allocation –

Moderate Growth VP -

Service Class

 

Sub-Advised by: J.P.

Morgan Investment Management

Inc.

   1.09%          -                1.09%            13.70%        11.58%        9.20%    
Investment Objective: Seeks high total return.   

Transamerica Morgan

Stanley Global Allocation

VP - Service Class

 

Sub-Advised by: Morgan

Stanley Investment Management

Inc.

   1.13%    -    1.13%    8.18%    9.60%    7.66%
Investment Objective: Seeks to provide capital appreciation and income while seeking to manage volatility.   

Transamerica Morgan

Stanley Global Allocation

Managed Risk – Balanced

VP - Service Class

 

Sub-Advised by: Milliman

Financial Risk Management

LLC

   1.30%    -    1.30%    7.18%    6.32%    3.83%

The Closed Investment Option Appendix is hereby revised to reflect the following Underlying Portfolio information.

 

Investment

Objective

  

Underlying Fund

Portfolios and

Adviser/Sub-adviser

  

Current

Expenses    

 

Average Annual Total Return

(as of 12/31/21

  1 year        5 years        10 years    
Investment Objective: Seeks reasonable income and will also consider the potential for capital appreciation. The goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500® Index.   

Fidelity ® VIP Equity-

Income Portfolio -Service

Class 2

 

Advised by: Fidelity

Management & Research

Company

   0.76%   24.60%    11.68%    12.26%
Investment Objective: Seeks long-term growth of capital.   

Fidelity ® VIP Growth

Portfolio - Service Class 2

 

Advised by: Fidelity

Management & Research

Company

   0.85%   22.90%    25.98%    19.40%
Investment Objective: Seeks to provide capital growth.   

Fidelity ® VIP Growth

Opportunities Portfolio -

Service Class 2

 

Advised by: Fidelity

Management & Research

Company

   0.88%   11.68%    31.77%    22.64%

This Supplement must be accompanied or preceded by the applicable Prospectuses.

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


Investment Objective:

Seeks total return.

  

MFS® Total Return Series -

Service Class

 

Advised by: MFS®

Investment Management

   0.94%            13.84%        9.57%        9.31%    

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 applicable Prospectuses.

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