497 1 d404483d497.htm TRANSAMERICA VARIABLE ANNUITY SERIES Transamerica Variable Annuity Series
Transamerica Variable Annuity Series    Transamerica Inspire® Variable Annuity
Transamerica AxiomSM II    Transamerica Variable Annuity I-Share
Transamerica Variable Annuity O-Share     

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

and

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA BNY

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%

 

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 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%

Investment Objective:

Seeks capital appreciation with current income as a secondary objective.

 

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%

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.