497 1 d403579d497.htm TRANSAMERICA PRINCIPIUM III Transamerica Principium III
Transamerica Variable Annuity Series    Partners Variable Annuity SeriesSM
Transamerica AxiomSM II    Transamerica Advisor EliteSM II
Transamerica PrincipiumSM III    Transamerica Income EliteSM II
Transamerica LandmarkSM NY Variable Annuity    Transamerica LibertySM NY Variable Annuity
Transamerica AxiomSM NY Variable Annuity    Income EliteSM Variable Annuity
Transamerica PrincipiumSM II Variable Annuity    Transamerica Variable Annuity I-Share
Transamerica InspireSM Variable Annuity   

Issued by

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA BNY

Rate Sheet Supplement dated May 25, 2017

(for Applications signed on or after June 1, 2017)

to the

Prospectus dated May 1, 2017

This Rate Sheet Prospectus Supplement (this “supplement”) applies to the above listed Transamerica variable annuities and should be read and retained with the prospectus. If you would like another copy of the current prospectus, please call us at (800) 525-6205.

All Rate Sheet Prospectus Supplements are also available on the Edgar system at www.sec.gov. Please see the SEC file number table below for your applicable product.

We are issuing this supplement to provide the rider fee, growth and withdrawal percentages that we are offering for the Retirement Income Max® as described in the Retirement Income Max® Rider Fees, Retirement Income Max®– Base Benefit – Withdrawal Percentage and the Retirement Income Max® – Base Benefit –Growth sections of the prospectus. This supplement replaces and supersedes any previously issued Rate Sheet Prospectus Supplement(s), and must be used in conjunction with the above effective prospectuses, as amended.

The amounts listed below apply for applications signed between June 1, 2017 and June 30, 2017. The rider fee, growth and withdrawal percentages may be different than those listed below for applications signed after June 30, 2017. The rider fee and withdrawal percentages applicable to your policy will not change for the life of your policy (unless subject to an automatic step-up as described in the Automatic Step-Up section of your prospectus. At the time of an automatic step-up the rider fee percentage may increase by no more than 0.75% from the current rider fee percentage listed below). The Rate Sheet Prospectus Supplement applicable to your policy will be included with your prospectus. Please work with your financial professional or visit www.transamerica.com to confirm the current rates.

RIDER FEE

1.25%

GROWTH PERCENTAGE

5.50%

WITHDRAWAL PERCENTAGE

 

Age at time of

first withdrawal

 

Withdrawal Percentage -

Single Life Option*

 

Withdrawal Percentage -

Joint Life Option*

0-58

  0.00%   N/A%**

59-64

  4.20%   N/A%**

65-79

  5.20%   4.70%    

³ 80

  6.20%   5.70%    

 

* The withdrawal percentage is determined by the annuitant’s age (or the annuitant’s spouse’s age if younger and the joint life option is elected) at the time of the first withdrawal taken on or after the benefit anniversary immediately following the annuitant’s (or the annuitant’s spouse’s if younger and the joint life option is elected) 59th birthday.
** Rider is not available for this age band of this option.

 

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Please note: In order for you to receive the rider fee, growth and withdrawal percentages reflected above, your application must be signed within the time period disclosed above. We must also receive your completed application within 7 calendar days after the date that this supplement is no longer effective, and the policy must be funded within 60 calendar days from the date that this supplement is no longer effective. If these conditions are not met, your application will be considered not in good order. If you decide to proceed with the purchase of the policy, additional paperwork may be required to issue the policy with the applicable rates in effect at that time.

 

Transamerica Financial Life Insurance Company

Product Name

   SEC File
Number
  

Product Name

   SEC File
Number

Transamerica Variable Annuity Series

   333-185574   

Partners Variable Annuity Series

   333-185574

Transamerica AxiomSM II

   333-186033   

Transamerica Advisor EliteSM II

   333-186035

Transamerica PrincipiumSM III

   333-186034   

Transamerica Income EliteSM II

   333-186036

Transamerica LandmarkSM NY Variable Annuity

   33-83560   

Transamerica LibertySM NY Variable Annuity

   333-187916

Transamerica AxiomSM NY Variable Annuity

   333-187920   

Income EliteSM Variable Annuity

   333-187921

Transamerica PrincipiumSM II Variable Annuity

   333-187918   

Transamerica Variable Annuity I-Share

   333-186035

Transamerica InspireSM Variable Annuity

   333-215599      

 

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