Separate Account VA B

01/20/2022 | Press release | Distributed by Public on 01/20/2022 13:26

Prospectus by Investment Company (Form 497)

Transamerica Variable Annuity O-Share

Transamerica B-Share Variable Annuity

Transamerica Variable Annuity Series

Transamerica AxiomSM III Variable Annuity

Transamerica Variable Annuity O-Share

Transamerica I-Share II Variable Annuity

Transamerica Variable Annuity I-Share

Transamerica Inspire®Variable Annuity

Transamerica AxiomSM II

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA B

Issued by

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA BNY

Supplement dated January 20, 2022

to the

Prospectus dated May 1, 2021

Effective on or about January 1, 2022, based on changes to the underlying portfolios,the following subadvisor change occurred:

Subaccount Name Current Subadvisor New Subadvisor

Transamerica International

Focus VP

TDAM USA Inc.

Epoch Investment

Partners, Inc.

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 current Prospectus.

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