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Form 497 WRL SERIES LIFE ACCOUNT

September 30, 2022 8:26 AM EDT

TRANSAMERICA FREEDOM ELITE BUILDER II®

  

WRL FREEDOM ELITE BUILDER®

WRL FINANCIAL FREEDOM BUILDER®

  

WRL FREEDOM EQUITY PROTECTOR®

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY    

WRL SERIES LIFE ACCOUNT

Supplement Dated September 30, 2022

To The

Prospectus Dated May 1, 2021

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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