497VPU 1 d404483d497vpu.htm TRANSAMERICA PRINCIPIUM III Transamerica Principium III

TRANSAMERICA PRINCIPIUMSM III VARIABLE ANNUITY

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

Updating Summary Prospectus 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 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 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%

This Supplement updates certain information in the above referenced Updating Summary Prospectus (“Summary Prospectus”). Except as indicated in this Supplement, all other information included in the Summary Prospectus remains unchanged. We will send you another copy of the applicable 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 applicable Prospectuses.

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