497 1 d424324d497.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

and

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA BNY

Supplement dated December 16, 2022

to the

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: Long-term capital appreciation.  

American Funds – New World FundSM Class 4

 

Advised by: Capital Research and Management CompanySM

   1.14%   0.15%   1.29%   4.63%   12.96%   8.41%
               
Investment Objective: Seeks capital appreciation.  

Fidelity ® VIP Consumer Staples - Initial Class

 

Advised by: Fidelity Management & Research Company

   0.67%   0.50%   1.17%   14.24%   10.20%   11.61%
               
Investment Objective: Seeks capital appreciation.  

Fidelity ® VIP Technology Portfolio - Initial Class

 

Advised by: Fidelity Management & Research Company

   0.62%   0.50%   1.12%   28.16%   34.83%   24.38%
               
Investment Objective: Seeks capital appreciation.  

Fidelity ® VIP Utilities Portfolio - Initial Class

 

Advised by: Fidelity Management & Research Company

   0.65%   0.50%   1.15%   17.43%   13.13%   11.57%
               
Investment Objective: Seeks capital appreciation.  

Fidelity ® VIP Energy Portfolio - Service Class 2

 

Advised by: Fidelity Management & Research Company

   0.90%   0.30%   1.20%   54.83%   -3.55%   0.02%

 

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

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

               
Investment Objective: Seeks capital appreciation.  

Fidelity ® VIP Health Care Portfolio - Service Class 2

 

Advised by: Fidelity Management & Research Company

   0.88%   0.30%   1.18%   11.45%   -   -
               
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%
               
Investment Objective: Seeks to provide capital appreciation and a low to moderate level of current income.  

Vanguard® VIF Moderate Allocation Portfolio

 

Advised by: The Vanguard Group, Inc.

   0.12%   0.60%   0.72%   10.07%   10.31%   9.22%

This Supplement updates certain information in the above referenced Prospectus (“the Prospectus”). Except as indicated in this Supplement, all other information included in the Prospectus 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 Prospectus.

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