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Form 497 SEPARATE ACCOUNT VA B

September 30, 2022 8:41 AM EDT
Transamerica LandmarkSM Variable Annuity    Transamerica FreedomSM Variable Annuity
Transamerica ExtraSM Variable Annuity    Transamerica LibertySM Variable Annuity
Transamerica AxiomSM Variable Annuity    Transamerica Variable Annuity Series
Transamerica Variable Annuity O-Share    Transamerica Variable Annuity I-Share
Transamerica Inspire® Variable Annuity    Transamerica AxiomSM II

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

Supplement dated September 30, 2022

to the

Prospectus dated May 1, 2022

Effective on or about November 1, 2022, based on changes to the underlying portfolios, the following name and subadvisor changes will occur:

 

Current Portfolio Name    New Portfolio Name    Current Subadvisor    New Subadvisor
Transamerica Managed Risk - Balanced ETF VP    Transamerica Goldman Sachs Managed Risk - Balanced ETF VP    Milliman Financial Risk Management LLC    Goldman Sachs Asset Management, L.P.
Transamerica Managed Risk - Conservative ETF VP    Transamerica Goldman Sachs Managed Risk - Conservative ETF VP    Milliman Financial Risk Management LLC    Goldman Sachs Asset Management, L.P.
Transamerica Managed Risk - Growth ETF VP   

Transamerica Goldman Sachs Managed Risk - Growth ETF

VP

   Milliman Financial Risk Management LLC    Goldman Sachs Asset Management, L.P.

Effective on or about November 1, 2022, based on changes to the underlying portfolios, the following name and subadvisor changes will occur:

 

Current

Investment Objective

   New Investment
Objective
  

Current

Portfolio

Name

   New Portfolio
Name
   Current
Subadvisor
   New Subadvisor

Seeks total return, consisting

of current income and capital appreciation

   Seeks to achieve maximum total return    Transamerica JPMorgan Core Bond VP    Transamerica Aegon Core Bond VP    J.P. Morgan Investment Management Inc    Aegon USA Investment Management, LLC
Seeks maximum total return consistent with preservation of capital and prudent investment management    Seeks to provide high total return through a combination of current income and capital appreciation   

Transamerica PIMCO Total

Return VP

   Transamerica Aegon Bond VP    Pacific Investment Management Company LLC    Aegon USA Investment Management, LLC

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 Prospectus.

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



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