Form 497VPI SEPARATE ACCOUNT VA B
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E-mail| Transamerica B-Share Variable Annuity |
Transamerica I-Share II Variable Annuity | |
| Transamerica AxiomSM III Variable Annuity |
Issued by
TRANSAMERICA LIFE INSURANCE COMPANY
SEPARATE ACCOUNT VA B
Issued by
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY
SEPARATE ACCOUNT VA BNY
Supplement dated September 30, 2022
to the
Initial Summary Prospectus dated May 1, 2022
Effective on or about November 1, 2022, based on changes to the underlying portfolios, the Portfolio Company Appendix will be revised to reflect the following changes:
| 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 Portfolio Company Appendix will be revised to reflect the following changes:
|
Current |
New Investment |
Current |
New Portfolio |
Current |
New | |||||
|
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 Initial Summary Prospectuses (“Summary Prospectuses”). Except as indicated in this Supplement, all other information included in the Initial Summary Prospectuses remains unchanged. We will send you another copy of the applicable Summary Prospectus or any supplement without charge upon request. Please contact our Administrative Office referenced in the Summary Prospectus.
This Supplement must be accompanied or preceded by the applicable Initial Summary Prospectuses.
Please read this Supplement carefully and retain it for future reference.
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