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Transamerica PrincipiumSM II

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

and

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA BNY

Supplement dated May 12, 2023

to the

Prospectus dated May 1, 2019

Effective on May 1, 2023 based on changes to the underlying portfolios, the Portfolio Company Appendix is revised to reflect the following changes:

 

Current Portfolio Name    New Portfolio Name    Current Subadvisor    New Subadvisor

Transamerica Rothschild &    

Co Large Cap Value VP    

  

Transamerica Great Lakes

Advisors Large Cap Value VP

  

Rothschild & Co Asset

Management US Inc

   Great Lakes Advisors, LLC

There is no change to the portfolio’s investment objective.

This Supplement updates certain information in the above referenced Prospectus, Initial Summary Prospectus, and/or Updating Summary 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.