Summary Prospectus for New Investors by Investment Company - Form 497VPI

special TERMS

Accumulation Unit - An accounting unit of measure used in calculating the Policy Value in the Separate Account before the Annuity Commencement Date. For more information on unit values, including how they are calculated after the Annuity Commencement Date, please see the Statement of Additional Information.

Adjusted Policy Value - The Policy Value increased or decreased by any Excess Interest Adjustment.

Administrative Office - Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company, Attention: Customer Care Group, 6400 C Street SW, Cedar Rapids, IA 52499, (800)525-6205.

Annuitant - The person on whose life any annuity payments involving life contingencies will be based.

Annuitize (Annuitization) - When You switch from the accumulation phase to the income phase and we begin to make annuity payments to You (or Your payee).

Annuity Commencement Date - The date upon which annuity payments are to commence. This date may not be later than the last day of the Policy month following the month in which the Annuitant attains age 99 (earlier if required by state law).

Annuity Payment Option - A method of receiving a stream of annuity payments selected by the Owner.

Business Day - A day when the New York Stock Exchange is open for regular trading. Business Day may be referred to as Market Day in Your Policy.

Cash Value - The Adjusted Policy Value less any applicable surrender charge.

Excess Interest Adjustment - A positive or negative adjustment to amounts paid out or transferred from the Fixed AccountGuaranteed Period Options prior to the end of the guaranteed period. The adjustment reflects changes in the interest rates declared by us since the date any payment was received by, or an amount was transferred to, the Guaranteed Period Option. The Excess Interest Adjustment can either decrease or increase the amount to be received by the Owner upon withdrawals, surrenders, or commencement of annuity payments, depending upon whether there has been an increase or decrease in interest rates, respectively. The Excess Interest Adjustment will not decrease the interest credited to Your Policy below the guaranteed minimum. The Excess Interest Adjustment does not apply to policies issued in New York by Transamerica Financial Life Insurance Company.

Fixed Account - One or more Investment Options under the Policy that are part of our general assets and are not in the Separate Account.

Fund Facilitation Fee- A fee we charge in order to make certain Portfolio Companies available as Investment Options under the Policy. This may also be referred to as a Platform Charge.

Guaranteed Lifetime Withdrawal Benefit - Any optional benefit under the Policy that provides a guaranteed minimum withdrawal benefit, including the Transamerica Principal OptimizerSM rider, the Retirement Income Max® 1.2 rider, the Retirement Income Choice® 1.7 rider and the Transamerica Income EdgeSM 1.2 rider.

Guaranteed Minimum Accumulation Benefit - A benefit under the optional Transamerica Principal OptimizerSM (TPO) rider that provides a guaranteed future value.

Guaranteed Period Options - The various guaranteed interest rate periods of the Fixed Account which we may offer and into which premium payments may be paid or amounts transferred when available.

Investment Option(s) - The Subaccounts and the Fixed Account.

Investment Restrictions - The requirement of the Owners to invest in certain underlying fund portfolios, as required by certain optional riders.

Nursing Care - Skilled or intermediate care performed by a nurse.

Owner (You, Your) - The person who may exercise all rights and privileges under the Policy.

Policy - The Transamerica B-Share Variable Annuity, an individual deferred, flexible premium variable annuity. Also referred to as the contract.

Policy Date- The date shown on the Policy data page attached to the Policy and the date on which the Policy becomes effective.

Policy Value - On or before the Annuity Commencement Date, the Policy Value is equal to the Owner's:

Policy Year - A Policy Year begins on the Policy Date and on each anniversary thereafter.

Portfolio Company(ies) - The investment company(ies) made available as Investment Options under the Policy. Also referred to as underlying fund portfolios.

Separate Account - Separate Account VA B and Separate Account VA BNY, Separate Accounts established and registered as unit investment trusts under the Investment Company Act of 1940, as amended (the "1940 Act"), to which premium payments under the policies may be allocated.

Separate Account Value- The portion of the Policy Value that is invested in the Separate Account.

Stable Account- A Fixed Account option, only available if You elect the Transamerica Income EdgeSM 1.2 rider or the Transamerica Principal OptimizerSM rider, to which You must allocate a portion of Your premium payments and Policy Value. Assets in the Stable Account are not subject to Separate Account Annual Expenses as set forth under Additional Information About Fees.

Subaccount - A subdivision within the Separate Account, the assets of which are invested in a specified Underlying Fund Portfolio.

important INFORMATION you should consider about the policy

	FEES AND EXPENSES	Location in Prospectus
Charges for Early Withdrawal	If You withdraw money during a specified number of Policy Years following each premium payment, You may be assessed a surrender charge. The surrender charge is assessed for 7 years with a maximum of 8% under the B-Share. The fee is assessed for 4 years with a maximum of 8% under the B-Share with Liquidity Rider. For example, if You make an early withdrawal, You could pay a surrender charge on a $100,000 investment of up to $8,000 for the B-Share or B-Share with Liquidity Rider.	Annuity Policy Fee Tables and Expense Examples Transaction Expenses - Surrender Charge Access to Your Money Surrenders and Withdrawals
Transaction Charges	In addition to surrender charges, You also may be assessed a transfer fee and special services fee. Transfer Fee. We reserve the right to charge for transfers among Investment Options after the first 12 transfers per Policy Year. For each such additional transfer, we may impose a transfer fee of $10. Currently, we do not charge a transfer fee, but reserve the right to do so. Special Service Fee. We reserve the right to deduct a charge for special services, including overnight delivery, duplicate policies, handling insufficient checks on new business, duplicate Form 1099 and Form 5498 tax forms, check copies, printing and mailing previously submitted forms, and asset verification requests from mortgage companies.	Annuity Policy Fee Tables and Expense Examples Expenses - Transaction Expenses

	TAXES	Location in Prospectus
Tax Implications	•Consult with a tax professional to determine the tax implications of an investment in and payments received under the Policy. •If You purchase the Policy as an individual retirement account or through a tax qualified plan, You do not get any additional tax benefit. •You will generally not be taxed on increases in the value of Your Policy until they are withdrawn. Earnings on Your Policy are taxed at ordinary income tax rates when withdrawn, and You may have to pay a penalty if You take a withdrawal before age 59½.	Tax Information
	CONFLICT OF INTEREST	Location in Prospectus
Investment Professional Compensation	Your investment professional may receive compensation for selling this Policy to You, in the form of commissions, additional cash benefits (e.g., bonuses), and non-cash compensation. Our affiliate, Transamerica Capital, Inc. ("TCI") is the principal underwriter and may share the revenue we earn on this Policy with Your investment professional's firm. In addition, we may pay all or a portion of the cost of affiliates' operating and other expenses. This conflict of interest may influence Your investment professional to recommend this Policy over another investment for which the investment professional is not compensated or compensated less.	Distribution of the Policies
Exchanges	If You already own an insurance Policy, some investment professionals may have a financial incentive to offer You a new Policy in place of the one You own. You should only exchange a Policy You already own if You determine, after comparing the features, fees, and risks of both policies, that it is better for You to purchase the new Policy rather than continue to own Your existing Policy.	Exchanges and/or Reinstatements

Overview of the policy

Purpose

The Transamerica B-Share Variable Annuity is a variable annuity Policy. You can use the Policy to accumulate assets for retirement or other long-term financial planning purposes. The amount of money You are able to accumulate in Your Policy depends upon the performance of Your Investment Options. The Policy also offers a death benefit to protect Your designated beneficiaries.

This Policy may be appropriate for people who do not have a long-term investment time horizon and is not appropriate for people who intend to engage in market timing or other frequent (disruptive) trading.

Share Classes

Two different Share Classes are sold under the Policy - B-Share and B-Share with Liquidity Rider. The B-Share features a seven-year surrender charge period and base Separate Account annual expenses of 1.15%. The B-Share with Liquidity Rider features a four-year surrender charge period and base Separate Account annual expense of 1.65% which is charged for the first four years only.

Phases of the Policy

The Policy has two phases: (1) an accumulation (or savings) phase and (2) and annuity (or income) phase.

Accumulation Phase: To help You accumulate assets during the accumulation phase, You can invest Your Premium payments and Policy Value in:

A list of Portfolio Companies in which You can invest is provided in an Appendix to this Prospectus. SeeAppendix - Portfolio Companies Available Under the Policy.

Annuity Phase. You can elect to Annuitize Your Policy and turn Your Policy Value into a stream of income payments called annuity payments. When You Annuitize Your Policy, the accumulation phase ends, and You will no longer be able to withdraw money from Your Policy. Any guaranteed benefits You elected will terminate without value.

Primary Features and Options of the Policy

Type of Policy. Transamerica B-Share Variable Annuity Policy is a flexible premium deferred variable annuity Policy. It is a "deferred"annuity because You defer taking annuity payments during the accumulation phase. It is a "flexible premium" annuity because You are generally not required to make any premium payments in addition to the initial minimum premium payment. The Policy is "variable" because its value can go up or down based on the performance of the Investment Options You choose.The Policy is available as a non-qualified or qualified Policy. The tax treatment of Your Policy may impact the benefits, as well as fees and charges under Your Policy.

Accessing Your Money. Before You Annuitize, You can withdraw money from Your Policy at any time. If You take a withdrawal, You may be subject to a negative Excess Interest Adjustment and/or have to pay a surrender charge and/or income taxes, including a tax penalty if You are younger than age 59½.

Tax Treatment. You can transfer money between Investment Options without tax implications, and earnings (if any) on Your investments are generally tax-deferred. You are taxed only upon: (1) making a withdrawal; (2) receiving a payment from us; or (3) payment of a death benefit.

Death Benefits. The Policy includes, at no additional cost, a default death benefit that will pay Your designated beneficiaries at least the Policy Value. You can purchase a guaranteed minimum death benefit for an additional fee, which may increase the amount of money payable to Your designated beneficiaries upon Your death.

Optional Living Benefits. For an additional fee, You can purchase a Guaranteed Lifetime Withdrawal Benefit, which is designed to provide a guaranteed level of withdrawals from Your Policy, regardless of investment performance.

Optional Liquidity Rider. For an additional fee, You can reduce the number of years that each premium payment is subject to surrender charges from seven years to four years.

Additional Services. At no additional charge, You may select the following additional services:

Benefits Available Under the Policy

The following table summarizes information about the benefits available under the Policy.

Name of Benefit	Purpose	Standard or Optional	Maximum Annual Fee	Brief Description of Restrictions/Limitations
Transamerica Income EdgeSM 1.2 Rider	Provides Guaranteed Lifetime Withdrawal Benefit amount, which can be withdrawn in any rider year after age 59.	Optional	2.50% as a percentage of the Withdrawal Base	•Cannot be added to a Policy with another active Guaranteed Minimum Living Benefit Rider or with Inherited IRA policies. •Available for Annuitant/Annuitant's spouse younger than age 86 unless state law requires further restrictions. •Joint Life options available subject to certain restrictions and differences, including right to charge higher fee and provide lower annual withdrawal amounts. •Rider fees subject to increase (or decrease) at time of any automatic step-up of the withdrawal base. You can opt out of any step-up (and fee increase). •Policy Value must be allocated to designated Investment Options. •Excess withdrawals could significantly reduce or terminate the benefits.

buying the policy

Purchasing the Policy

Your application must be submitted with Your initial purchase payment. We reserve the right to reject or accept any form of payment. If we approve Your application, we will send You the Policy either directly or through Your registered representative, as well as a statement confirming Your purchase.

Making Premium Payments under the Policy

You must make an initial minimum premium payment, and You may make subsequent premium payments as shown below.

The following table provides additional information about premium payments under the Policy. We reserve the right to restrict or refuse any premium payment.

	Qualified Policies	Non-Qualified Policies
Minimum Initial Premium Payment	$1,000	$5,000
Minimum Subsequent Premium Payments	You are not required to make any subsequent premium payments. If You choose to make a subsequent premium payment, it must be at least $50	You are not required to make any subsequent premium payments. If You choose to make a subsequent premium payment, it must be at least $50
Maximum Subsequent Purchase Payment (per contract after 1st year anniversary)	Lesser of: 1)the IRS maximum contribution limit, or 2)$60,000	$25,000

	Qualified Policies	Non-Qualified Policies
Maximum Total Premium Payments*	•$1,000,000 (up to age 80) without our approval •$500,000 (over age 80) without our approval	•$1,000,000 (up to age 80) without our approval •$500,000 (over age 80) without our approval

*These amounts take into consideration the total purchase payments for all variable annuity Policies issued by us or our affiliates for which You are the Owner or Annuitant.

Investing Premium Payments under the Policy

Your purchase payments will be invested in the Investment Options that You choose.

Crediting Premium Payments to Your Account

Initial Purchase Payment. If Your application and initial premium payment are in good order when we receive them, or once they are in good order, Your initial premium payment will be credited within 2 Business Days of Your application or initial premium payment. However, we will not hold Your initial premium payments for more than 5 Business Days without Your permission.

Subsequent Purchase Payments. If we receive a subsequent premium payment in good order prior to the close of the New York Stock Exchange (normally 4:00 p.m., New York time) on a Business Day, we will price the premium payment on that Business Day. If we receive a subsequent premium payment in good order on a non-Business Day or after the close of the New York Stock Exchange on a Business Day, the payment will be priced on the next Business Day.

surrendering your policy or making withdrawals: accessing the Money in Your Policy

Accumulation Phase

You can access the money in Your Policy by taking a withdrawal or surrender, or through systematic payouts. Withdrawals will reduce Your Policy Value and can reduce or even terminate certain benefits. You may withdraw all or a portion of Your Policy Value, less any applicable surrender charges, Excess Interest Adjustment, fees, and taxes. Additional restrictions may apply to qualified policies. You can take a withdrawal of up to 10% of Your premium payments each Policy Year free of surrender charges. Withdrawing the entire Cash Value of Your Policy (i.e., surrendering Your Policy) will terminate Your Policy and all benefits without value.

There are limitations on Your ability to take withdrawals during the accumulation phase. These limitations are as follows:

Minimum withdrawal amount	$500
Surrender charges, Excess Interest Adjustment and taxes	There may be surrender charge, Excess Interest Adjustment and tax implications when You take out money.
Negative impact on benefits and guarantees of Your Policy	A withdrawal may have a negative impact on certain optional benefits that You may elect. It may significantly reduce the value or even terminate the benefit.
Internal Revenue Code or Retirement Plans	Depending on the circumstances, the Internal Revenue Code or Your retirement plan may restrict Your ability to take withdrawals.

Annuity Payout Phase

During the annuity (income) phase, You will receive annuity payments under the Annuity Payment Option You select, however, You generally may not take any other surrenders, either full or partial.

Requesting a Surrender or Withdrawal

You can request a surrender or withdrawal by submitting a written request on an approved distribution request form (available from our Administrative Office). If we receive a surrender or withdrawal request in good order prior to the close of the New York Stock Exchange (normally 4:00 p.m., New York time) on a Business Day, we will price the order on that Business Day. If we receive a surrender or withdrawal request in good order on a non-Business Day or after the close of the New York Stock Exchange on a Business Day, we will price the order on the next Business day.

Surrender and withdrawal payments will generally be mailed within seven days after we receive the request in good order. We may delay payments from the Fixed Account for up to six months.

additional information about fees

The following tables describe the fees and expenses that You will pay when buying, owning, and surrendering the Policy. Please refer to Your Policy specifications page for information about the specific fees You will pay based on the options You have elected.

Transaction Expenses:

The first table describes the fees and expenses that You will pay at the time that You buy the Policy, surrender the Policy, or transfer Cash Value between Investment Options. State premium taxes may also be deducted.

Share Classes	B-Share	B-Share with Liquidity Rider
Contingent Deferred Surrender Charges (as a percentage of premium surrendered or withdrawn)(1)
Number of Years Since Premium Payment Date
Year 1	8%	8%
Year 2	8%	8%
Year 3	7%	7%
Year 4	6%	6%
Year 5	5%	0%
Year 6	4%	0%
Year 7	3%	0%
Year 8 or more	0%	0%
Transfer Fee(2)	$10	$10
Special Service Fee(3)	$50*	$50*

(1) The surrender charge, if any is imposed, applies to each premium payment, regardless of how Policy Value is allocated among the Investment Options. The surrender charge decreases based on the number of years since that premium payment was made.

(2) The transfer fee, if any is imposed, applies to each Policy, regardless of how Policy Value is allocated among the Investment Options. There is no fee for the first 12 transfers per Policy Year. For additional transfers, we may charge a fee of $10 per transfer. Currently, we do not charge a transfer fee, but reserve the right to do so.

(3) We currently deduct a charge for overnight delivery and duplicate policies. We reserve the right to deduct a charge for special services in the future, including non-sufficient checks on new business; duplicate Form 1099 and Form 5498 tax forms; check copies; printing and mailing previously submitted forms; and asset verification requests from mortgage companies. We may charge a fee for each service performed and fees may vary based on the type of service but will not exceed the maximum Special Service Fee shown above.

Annual Policy Expenses:

The next table describes the fees and expenses that You will pay each year during the time that You own the Policy, not including underlying fund portfolio fees and expenses. If You choose to purchase an optional benefit, You will pay additional charges.

Share Class	B-Share
Annual Service Charge	Lesser of $35 or 2% of the Policy Value

Share Class	B-Share
Base Contract Expenses (as a percentage of average Separate Account Value):	1.15%
Optional Benefit Expenses:
Return of Premium Death Benefit (as a percentage, annually, of average Separate Account Value)	0.15%
Annual Step-Up Death Benefit (as a percentage, annually, of average Separate Account Value)	0.35%
Liquidity Rider (as a percentage, annually, of average Separate Account Value)	0.50%

Fund Facilitation Fee: Any Fund Facilitation Fee is a Separate Account expense in addition to the mortality and expense risk and administrative fees. This daily fee is applied only to Policy Value in the Subaccounts invested in the following Portfolio Companies:

Portfolio Companies	Annualized Fee %
DFA VA Global Bond Portfolio - Institutional Class Vanguard® VIF Balanced Portfolio Vanguard® VIF Conservative Allocation Portfolio Vanguard® VIF Mid-Cap Index Portfolio Vanguard® VIF Moderate Allocation Portfolio	0.60%
Fidelity® VIP Consumer Staples - Initial Class Fidelity® VIP Technology Portfolio - Initial Class Fidelity® VIP Utilities Portfolio - Initial Class	0.50%
Fidelity® VIP Balanced Portfolio - Service Class 2 Fidelity® VIP Energy Portfolio - Service Class 2 Fidelity® VIP Health Care Portfolio - Service Class 2	0.30%
AB Balanced Hedged Allocation Portfolio - Class B American Funds - Asset Allocation FundSM Class 4 State Street Total Return V.I.S. Fund - Class 3	0.20%
American Funds - New World Fund® - Class 4 TA MSCI EAFE Index - Service Class TA S&P 500 Index - Service Class	0.15%
American Funds - Growth FundSM - Class 4 American Funds - Growth-Income FundSM - Class 4 American Funds - International FundSM - Class 4	0.13%
American Funds - The Bond Fund of AmericaSM - Class 4	0.11%

	Maximum
Optional Guaranteed Lifetime Withdrawal Benefit Riders:
Transamerica Principal OptimizerSM rider (annual charge - % of the Rider Fee Basis)*	2.50%
Transamerica Income EdgeSM 1.2 rider (annual charge - % of Withdrawal Base)*	2.50%

*The current rider fee will be less than or equal to the stated Maximum. Your rider fee may increase (or decrease) at the time of any automatic step-up or optional reset. Your rider fee percentage will not exceed the maximum in effect when You purchase the rider. The current rider fee will be disclosed in a Rate Sheet Prospectus Supplement. All Rate Sheet Prospectus Supplements are available on the EDGAR system at sec.gov (File Numbers 333-233836 for TLIC and 333-233840 for TFLIC).

Annual Portfolio Company Expenses:

The next table shows the lowest and highest total operating expenses charged by the Portfolio Companies that You may pay periodically during the time You own the Policy. A complete list of Portfolios available under the Policy, including their annual expenses, may be found under Appendix - Portfolio Companies Available Under the Policy.

Total Portfolio Annual Operating Expenses (Expenses that are deducted from portfolio assets, including management fees, distribution and/or service 12b-1 fees, Fund Facilitation Fee if applicable and other expenses):
Lowest Gross	0.54%
Highest Gross	2.05%

Expense Examples:

The following Examples are intended to help You compare the cost of investing in the Policy with the cost of investing in other variable annuity policies. These costs include transaction expenses, annual Policy expenses, and Portfolio Company operating expenses.

The Examples assume that You invest $100,000 in the Policy for the time periods indicated. The Examples also assume that Your Policy has a 5% return each year and assumes the most expensive combination of annual Portfolio Company expenses and optional benefits available for an additional charge. Although Your actual costs may be higher or lower, based on these assumptions, Your costs would be:

If the Policy is surrendered at the end of the applicable time period:

	B-Share	B-Share w/Liquidity Rider
1 Year	$14,913	$15,394
3 Years	$29,622	$30,956
5 Years	$43,620	$40,742
10 Years	$78,973	$80,188

If the Policy is Annuitized at the end of the applicable time period or if You do not surrender Your Policy:

	B-Share	B-Share w/Liquidity Rider
1 Year	$7,713	$8,194
3 Years	$23,322	$24,656
5 Years	$39,120	$40,742
10 Years	$78,973	$80,188

Please remember that these Examples are illustrations and do not represent past or future expenses. Your actual expenses may be lower or higher than those reflected in the Examples. Similarly, Your rate of return may be more or less than the 5% assumed in the Examples. The Examples don't reflect premium tax charges, special service fees, or transfer fees. Different fees and expenses not reflected in the Examples may be assessed during the income phase of the Policy.

APPENDIX

PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY

The following is a list of current Portfolio Companies available under the Policy, which are subject to change as discussed in this prospectus. Depending on the optional benefits You choose, You may not be able to invest in certain Portfolio Companies.

Certain Subaccounts may not be available in all states, at all times or through all financial intermediaries. We may discontinue offering any Subaccount at any time. In some cases, a Subaccount not available through a financial intermediary may be obtained by contacting us directly. For more information on the options available for electing a Subaccount, please contact Your financial intermediary or our Administrative Office.

More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at http://dfinview.com/Transamerica/TAHD/89355V436?site=VAVUL. You can also request this information at no cost by calling our Administrative Office at (800)525-6205.

The current expenses and performance below reflects fee and expenses of the Portfolio Companies, but do not reflect the other fees and expenses that Your Policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio Company's past performance is not necessarily an indication of future performance.

Investment Objective	Underlying Fund Portfolios and Adviser/Sub-adviser (1)	Current Expenses	Platform Charges	Current Expenses Plus Platform Charges	Average Annual Total Returns (as of 12/31/22)
1 year	5 years	10 years
To maximize total return consistent with the Adviser's determination of reasonable risk.	AB Balanced Hedged Allocation Portfolio - Class B Advised by:AllianceBernstein L.P.	0.99%	0.20%	1.19%	12.66%	5.92%	5.04%
Long-term growth of capital.	AB Relative Value Portfolio - Class B Advised by:AllianceBernstein L.P.	0.87%	-	0.87%	11.72%	11.57%	9.05%
To provide high total return (including income and capital gains) consistent with preservation of capital over the long term.	American Funds - Asset Allocation FundSM Class 4 Advised by:Capital Research and Management CompanySM	0.80%	0.20%	1.00%	14.02%	8.92%	6.98%
To provide growth of capital.	American Funds - Growth FundSM - Class 4 Advised by:Capital Research and Management CompanySM	0.84%	0.13%	0.97%	38.13%	18.38%	14.07%
To achieve long-term growth of capital and income.	American Funds - Growth-Income FundSM - Class 4 Advised by:Capital Research and Management CompanySM	0.78%	0.13%	0.91%	25.82%	13.08%	10.63%
To achieve long-term growth of capital.	American Funds - International FundSM - Class 4 Advised by:Capital Research and Management CompanySM	1.03%	0.13%	1.16%	15.56%	4.58%	3.15%
Long-term capital appreciation.	American Funds - New World Fund®- Class 4 Advised by:Capital Research and Management CompanySM	1.14%	0.15%	1.29%	15.67%	8.37%	4.43%
To provide as high a level of current income as is consistent with the preservation of capital.	American Funds - The Bond Fund of AmericaSM - Class 4 Advised by:Capital Research and Management CompanySM	0.88%	0.11%	0.99%	4.72%	1.62%	1.83%
Provide a market rate of return for a fixed income portfolio with low relative volatility of returns.	DFA VA Global Bond Portfolio - Institutional Class Advised by:Dimensional Fund Advisors LP	0.21%	0.60%	0.81%	5.05%	0.58%	1.29%

PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY - (Continued)

Investment Objective	Underlying Fund Portfolios and Adviser/Sub-adviser (1)	Current Expenses	Platform Charges	Current Expenses Plus Platform Charges	Average Annual Total Returns (as of 12/31/22)
1 year	5 years	10 years
Seeks income and capital growth consistent with reasonable risk.	Fidelity® VIP Balanced Portfolio - Service Class 2 Advised by:Fidelity Management & Research Company	0.69%	0.30%	0.99%	21.29%	12.16%	8.81%
Seeks capital appreciation.	Fidelity® VIP Consumer Staples - Initial Class Advised by:Fidelity Management & Research Company	0.61%	0.50%	1.11%	3.14%	11.46%	8.14%
Seeks long-term capital appreciation.	Fidelity® VIP Contrafund® Portfolio - Service Class 2 Advised by:Fidelity Management & Research Company	0.81%	-	0.81%	33.12%	16.36%	11.33%
Seeks capital appreciation.	Fidelity® VIP Energy Portfolio - Service Class 2 Advised by:Fidelity Management & Research Company	0.86%	0.30%	1.16%	0.70%	13.36%	2.37%
Seeks capital appreciation.	Fidelity® VIP Health Care Portfolio - Service Class 2 Advised by:Fidelity Management & Research Company	0.84%	0.30%	1.14%	4.01%	9.50%	10.39%
Seeks long-term growth of capital.	Fidelity® VIP Mid Cap Portfolio - Service Class 2 Advised by:Fidelity Management & Research Company	0.82%	-	0.82%	14.80%	12.17%	7.85%
Seeks capital appreciation.	Fidelity® VIP Technology Portfolio - Initial Class Advised by:Fidelity Management & Research Company	0.59%	0.50%	1.09%	58.32%	26.57%	19.61%
Seeks capital appreciation.	Fidelity® VIP Utilities Portfolio - Initial Class Advised by:Fidelity Management & Research Company	0.61%	0.50%	1.11%	-1.08%	8.56%	9.14%
Seeks capital appreciation.	Fidelity® VIP Value Strategies Portfolio - Service Class 2 Advised by:Fidelity Management & Research Company	0.85%	-	0.85%	20.61%	16.63%	9.10%
The highest total return, composed of current income and capital appreciation, as is consistent with prudent investment risk.	State Street Total Return V.I.S. Fund - Class 3 Advised by:SSGA Funds Management, Inc.	0.90%	0.20%	1.10%	15.21%	5.90%	4.66%
Seeks long-term capital appreciation and current income.	Transamerica 60/40 Allocation VP - Service Class Advised by:Transamerica Asset Management, Inc.	0.90%	-	0.90%	15.95%	8.88%	N/A
Seeks maximum total return consistent with preservation of capital and prudent investment management.	Transamerica Aegon Bond VP - Service Class Sub-Advised by:Aegon USA Investment Management, LLC	0.78%	-	0.78%	6.18%	0.73%	1.44%

PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY - (Continued)

Investment Objective	Underlying Fund Portfolios and Adviser/Sub-adviser (1)	Current Expenses	Platform Charges	Current Expenses Plus Platform Charges	Average Annual Total Returns (as of 12/31/22)
1 year	5 years	10 years
Seeks total return, consisting of current income and capital appreciation.	Transamerica Aegon Core Bond VP - Service Class Sub-Advised by:Aegon USA Investment Management, LLC	0.75%	-	0.75%	5.78%	1.06%	1.60%
Seeks a high level of current income by investing in high-yield debt securities.	Transamerica Aegon High Yield Bond VP - Service Class Advised by:Aegon USA Investment Management, LLC	0.90%	-	0.90%	10.87%	4.47%	4.00%
Seeks total return gained from the combination of dividend yield, growth of dividends and capital appreciation.	Transamerica Aegon Sustainable Equity Income VP - Service Class Sub-Advised by:Aegon Asset Management UK plc ("AAM")	0.98%	-	0.98%	6.00%	5.44%	5.13%
Seeks to provide as high a level of total return as is consistent with prudent investment strategies.	Transamerica Aegon U.S. Government Securities VP - Service Class Sub-Advised by:Aegon USA Investment Management, LLC	0.83%	-	0.83%	3.69%	0.25%	0.79%
Seeks to provide total return (including income and capital gains) consistent with preservation of capital over the long term while seeking to manage volatility and provide downside protection.	Transamerica American Funds Managed Risk VP - Service Class Sub-Advised by:Milliman Financial Risk Management LLC	1.10%	-	1.10%	10.39%	6.32%	N/A
Seeks as high a level of current income as is consistent with preservation of capital and liquidity.	Transamerica BlackRock Government Money Market VP - Service Class(2) Sub-Advised by:BlackRock Investment Management, LLC	0.54%	-	0.54%	4.66%	1.58%	0.87%
Seeks current income and preservation of capital.	Transamerica BlackRock iShares Active Asset Allocation - Conservative VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	0.92%	-	0.92%	9.96%	3.16%	2.79%
Seeks capital appreciation and current income.	Transamerica BlackRock iShares Active Asset Allocation - Moderate VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	0.88%	-	0.88%	13.37%	3.15%	2.73%
Seeks capital appreciation with current income as a secondary objective.	Transamerica BlackRock iShares Active Asset Allocation - Moderate Growth VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	0.91%	-	0.91%	17.62%	2.43%	2.30%
Seeks capital appreciation and income.	Transamerica BlackRock iShares Dynamic Allocation - Balanced VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	0.89%	-	0.89%	12.66%	3.61%	3.01%
Seeks capital appreciation and income.	Transamerica BlackRock iShares Dynamic Allocation - Moderate Growth VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	0.89%	-	0.89%	17.28%	4.96%	3.63%

PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY - (Continued)

Investment Objective	Underlying Fund Portfolios and Adviser/Sub-adviser (1)	Current Expenses	Platform Charges	Current Expenses Plus Platform Charges	Average Annual Total Returns (as of 12/31/22)
1 year	5 years	10 years
Seeks long-term capital appreciation and capital preservation.	Transamerica BlackRock iShares Edge 40 VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	0.71%	-	0.71%	9.07%	4.46%	3.37%
Seeks long-term capital appreciation and capital preservation.	Transamerica BlackRock iShares Edge 50 VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	0.69%	-	0.69%	9.79%	5.19%	N/A
Seeks long-term capital appreciation with capital preservation as a secondary objective.	Transamerica BlackRock iShares Edge 75 VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	0.73%	-	0.73%	12.09%	7.36%	N/A
Seeks long-term capital appreciation.	Transamerica BlackRock iShares Edge 100 VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	0.81%	-	0.81%	14.47%	9.34%	N.A
Seeks a combination of capital appreciation and income.	Transamerica BlackRock iShares Tactical - Balanced VP - Service Class (3) Advised by: BlackRock Investment Management, LLC	0.89%	-	0.89%	10.66%	4.27%	3.59%
Seeks a combination of capital appreciation and income.	Transamerica BlackRock iShares Tactical - Conservative VP - Service Class (4) Sub-Advised by:BlackRock Investment Management, LLC	0.92%	-	0.92%	7.24%	3.61%	3.40%
Seeks a combination of capital appreciation and income.	Transamerica BlackRock iShares Tactical - Growth VP - Service Class (5) Sub-Advised by:BlackRock Investment Management, LLC	0.93%	-	0.93%	13.94%	6.23%	4.44%
Seeks to maximize total return.	Transamerica BlackRock Real Estate Securities VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	1.15%	-	1.15%	13.15%	4.85%	3.59%
Seeks capital appreciation with current income as a secondary objective.	Transamerica BlackRock Tactical Allocation VP - Service Class Sub-Advised by:BlackRock Investment Management, LLC	1.02%	-	1.02%	14.88%	6.54%	4.90%
Seeks long-term capital appreciation with current income as a secondary objective.	Transamerica Goldman Sachs 70/30 Allocation VP - Service Class Sub-Advised by:Goldman Sachs Asset Management, L.P.	2.05%	-	2.05%	16.25%	N/A	N/A
Seeks to balance capital appreciation and income.	Transamerica Goldman Sachs Managed Risk - Balanced ETF VP - Service Class Sub-Advised by:Goldman Sachs Asset Management, L.P.	0.64%	-	0.64%	13.20%	5.04%	3.97%
Seeks current income and preservation of capital.	Transamerica Goldman Sachs Managed Risk - Conservative ETF VP - Service Class Sub-Advised by:Goldman Sachs Asset Management, L.P.	0.66%	-	0.66%	10.59%	3.35%	3.22%

PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY - (Continued)

Investment Objective	Underlying Fund Portfolios and Adviser/Sub-adviser (1)	Current Expenses	Platform Charges	Current Expenses Plus Platform Charges	Average Annual Total Returns (as of 12/31/22)
1 year	5 years	10 years
Seeks capital appreciation as a primary objective and income as a secondary objective.	Transamerica Goldman Sachs Managed Risk - Growth ETF VP - Service Class Sub-Advised by:Goldman Sachs Asset Management, L.P.	0.67%	-	0.67%	17.68%	7.38%	5.13%
Seeks long-term capital appreciation.	Transamerica Great Lakes Advisors Large Cap Value VP - Service Class (6) Sub-Advised by:Great Lakes Advisors LLC	0.97%	-	0.97%	12.78%	9.66%	N/A
Seeks long-term capital appreciation.	Transamerica International Focus VP - Service Class Sub-Advised by:Epoch Investment Partners, Inc.	1.10%	-	1.10%	12.27%	8.75%	4.09%
Seeks long-term capital growth, consistent with preservation of capital and balanced by current income.	Transamerica Janus Balanced VP - Service Class Sub-Advised by:Janus Henderson Investors US LLC	0.99%	-	0.99%	15.01%	9.00%	7.27%
Seeks long-term capital appreciation.	Transamerica Janus Mid-Cap Growth VP - Service Class Sub-Advised by:Janus Henderson Investors US LLC	1.11%	-	1.11%	16.80%	12.97%	7.98%
Seeks current income and preservation of capital.	Transamerica JPMorgan Asset Allocation - Conservative VP - Service Class Sub-Advised by:J.P. Morgan Investment Management Inc.	0.99%	-	0.99%	6.83%	3.76%	3.04%
Seeks current income and preservation of capital.	Transamerica JPMorgan Asset Allocation - Growth VP - Service Class Sub-Advised by:J.P. Morgan Investment Management Inc.	1.11%	-	1.11%	20.00%	11.61%	7.40%
Seeks capital appreciation and current income.	Transamerica JPMorgan Asset Allocation - Moderate VP - Service Class Sub-Advised by:J.P. Morgan Investment Management Inc.	1.02%	-	1.02%	8.86%	5.31%	4.13%
Seeks capital appreciation with current income as a secondary objective.	Transamerica JPMorgan Asset Allocation - Moderate Growth VP - Service Class Sub-Advised by:J.P. Morgan Investment Management Inc.	1.08%	-	1.08%	11.93%	7.59%	5.41%
Seeks to earn a total return modestly in excess of the total return performance of the S&P 500® (including the reinvestment of dividends) while maintaining a volatility of return similar to the S&P 500®.	Transamerica JPMorgan Enhanced Index VP - Service Class Sub-Advised by:J.P. Morgan Investment Management Inc.	0.87%	-	0.87%	27.39%	16.10%	11.67%
Seeks capital appreciation with current income as a secondary objective.	Transamerica JPMorgan International Moderate Growth VP - Service Class Sub-Advised by:J.P. Morgan Investment Management Inc.	1.14%	-	1.14%	8.70%	5.68%	3.33%

PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY - (Continued)

Investment Objective	Underlying Fund Portfolios and Adviser/Sub-adviser (1)	Current Expenses	Platform Charges	Current Expenses Plus Platform Charges	Average Annual Total Returns (as of 12/31/22)
1 year	5 years	10 years
Seeks current income and preservation of capital.	Transamerica JPMorgan Tactical Allocation VP - Service Class Sub-Advised by:J.P. Morgan Investment Management Inc.	1.02%	-	1.02%	8.57%	3.90%	3.44%
Seeks high total return through the combination of income and capital appreciation.	Transamerica Madison Diversified Income VP - Service Class Sub-Advised by:Madison Asset Management. LLC	1.08%	-	1.08%	3.97%	4.51%	4.38%
Seeks capital appreciation.	Transamerica Market Participation Strategy VP - Service Class Sub-Advised by:PGIM Quantitative Solutions LLC	0.98%	-	0.98%	11.55%	9.06%	6.12%
Seeks high total return.	Transamerica Morgan Stanley Global Allocation VP - Service Class Sub-Advised by:Morgan Stanley Investment Management Inc.	1.28%	-	1.28%	13.69%	7.12%	4.51%
Seeks to provide capital appreciation and income while seeking to manage volatility.	Transamerica Morgan Stanley Global Allocation Managed Risk - Balanced VP - Service Class Sub-Advised by:Milliman Financial Risk Management LLC	1.45%	-	1.45%	9.00%	3.64%	N/A
Seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada.	Transamerica MSCI EAFE Index VP - Service Class Sub-Advised by:SSGA Funds Management, Inc.	0.61%	0.15	0.76%	17.46%	7.80%	N/A
Seeks to provide a high total investment return through investments in a broadly diversified portfolio of stock, bonds and money market instruments.	Transamerica Multi-Managed Balanced VP - Service Class Sub-Advised by:J.P. Morgan Investment Management Inc. and Aegon USA Investment Management, LLC	0.89%	-	0.89%	18.44%	10.16%	7.75%
Seeks maximum real return, consistent with appreciation of capital.	Transamerica PineBridge Inflation Opportunities VP - Service Class Sub-Advised by:PineBridge Investments LLC	0.78%	-	0.78%	5.44%	2.87%	2.00%
Seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index.	Transamerica S&P 500 Index VP - Service Class Sub-Advised by:SSGA Funds Management, Inc.	0.39%	0.15%	0.54%	25.73%	15.20%	N/A
Seeks to maximize total return.	Transamerica Small/Mid Cap Value VP - Service Class Sub-Advised by:Systematic Financial Management L.P. & Thompson, Siegel & Walmsley LLC	1.07%	-	1.07%	12.15%	11.19%	7.88%
Seeks long-term growth of capital by investing primarily in common stocks of small growth companies.	Transamerica T. Rowe Price Small Cap VP - Service Class Sub-Advised by:T. Rowe Price Associates, Inc.	1.09%	-	1.09%	20.88%	11.15%	8.74%

PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY - (Continued)

Investment Objective	Underlying Fund Portfolios and Adviser/Sub-adviser (1)	Current Expenses	Platform Charges	Current Expenses Plus Platform Charges	Average Annual Total Returns (as of 12/31/22)
1 year	5 years	10 years
Seeks maximum long-term total return, consistent with reasonable risk to principal, by investing in a diversified portfolio of common stocks of primarily non-U.S. issuers.	Transamerica TS&W International Equity VP - Service Class Sub-Advised by:Thompson, Siegel & Walmsley LLC	1.11%	-	1.11%	15.26%	7.39%	3.59%
Seeks growth from capital appreciation.	Transamerica TS&W Mid Cap Value Opportunities VP-Service Class (7) Sub-Advised by:Thompson, Siegel & Walmsley LLC	1.02%	-	1.02%	10.57%	10.68%	7.74%
Seeks to maximize long-term growth.	Transamerica WMC US Growth VP - Service Class(8) Sub-Advised by:Wellington Management Company, LLP	0.91%	-	0.91%	41.72%	17.45%	13.31%
To provide long-term capital appreciation and reasonable current income.	Vanguard® VIF Balanced Portfolio Advised by: Wellington Management Company, LLP	0.21%	0.60%	0.81%	14.33%	9.59%	7.89%
To provide current income and low to moderate capital appreciation.	Vanguard® VIF Conservative Allocation Portfolio Advised by: The Vanguard Group, Inc.	0.13%	0.60%	0.73%	12.51%	5.60%	4.84%
Seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks.	Vanguard® VIF Mid-Cap Index Portfolio Advised by: Vanguard Equity Investment Group	0.17%	0.60%	0.77%	15.83%	12.56%	9.27%
Seeks to provide capital appreciation and a low to moderate level of current income.	Vanguard® VIF Moderate Allocation Portfolio Advised by: The Vanguard Group, Inc.	0.13%	0.60%	0.73%	15.55%	7.78%	6.19%

NOTE: All underlying fund portfolios in the Transamerica Series Trust are advised by Transamerica Asset Management. The entities listed are the sub-advisors unless otherwise indicated.

There are no Portfolios that have been closed to new investments or new investors.

PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY - (Continued)

Investment Requirements for Optional Benefits

This table below identifies the Designated Investment Options available for use with the Guaranteed Minimum Death Benefits and the Select Investment Options and Flexible Investment Options available for use with the Transamerica Principal OptimizerSM and Transamerica Income EdgeSM 1.2 riders.

	Return of Premium Death Benefit	Annual Step-Up Death Benefit	Select Investment Options	Flexible Investment Options
Subaccounts
AB Balanced Hedged Allocation Portfolio - Class B	√	√		√
AB Relative Value Portfolio - Class B	√	√		√
American Funds - Asset Allocation FundSM Class 4	√	√		√
American Funds - The Bond Fund of AmericaSM - Class 4	√	√	√
American Funds - Growth FundSM - Class 4	√	√		√
American Funds - Growth-Income FundSM - Class 4	√	√		√
American Funds - International FundSM - Class 4	√	√		√
American Funds - New World Fund® - Class 4	√	√		√
DFA VA Global Bond Portfolio - Institutional Class	√	√	√
Fidelity® VIP Balanced Portfolio - Service Class 2	√	√		√
Fidelity® VIP Consumer Staples - Initial Class	√	√		√
Fidelity® VIP Contrafund® Portfolio - Service Class 2	√	√		√
Fidelity® VIP Energy Portfolio - Service Class 2	√	√		√
Fidelity® VIP Health Care Portfolio - Service Class 2	√	√		√
Fidelity® VIP Mid Cap Portfolio - Service Class 2	√	√		√
Fidelity® VIP Technology Portfolio - Initial Class	√	√		√
Fidelity® VIP Utilities Portfolio - Initial Class	√	√		√
Fidelity® VIP Value Strategies Portfolio - Service Class 2	√	√		√
State Street Total Return V.I.S. Fund - Class 3	√	√		√
TA 60/40 Allocation - Service Class	√	√		√
TA Aegon Bond - Service Class	√	√	√
TA Aegon Core Bond - Service Class	√	√	√
TA Aegon High Yield Bond - Service Class	√	√		√
TA Aegon Sustainable Equity Income - Service Class	√	√		√
TA Aegon U.S. Government Securities - Service Class	√	√	√
TA American Funds Managed Risk - Balanced - Service Class	√	√		√
TA BlackRock Real Estate Securities - Service Class	√	√		√
TA BlackRock Government Money Market - Service Class	√	√	√
TA BlackRock iShares Active Asset Allocation - Conservative - Service Class	√	√		√
TA BlackRock iShares Active Asset Allocation - Moderate - Service Class	√	√		√
TA BlackRock iShares Active Asset Allocation - Moderate Growth - Service Class	√	√		√
TA BlackRock iShares Dynamic Allocation - Balanced - Service Class	√	√		√
TA BlackRock iShares Dynamic Allocation - Moderate Growth - Service Class	√	√		√
TA BlackRock iShares Edge 40- Service Class	√	√		√
TA BlackRock iShares Edge 50 - Service Class	√	√		√
TA BlackRock iShares Edge 75 - Service Class	√	√		√

PORTFOLIO COMPANIES AVAILABLE UNDER THE POLICY - (Continued)

	Return of Premium Death Benefit	Annual Step-Up Death Benefit	Select Investment Options	Flexible Investment Options
Subaccounts
TA BlackRock iShares Edge 100 - Service Class	√	√		√
TA BlackRock iShares Tactical - Balanced - Service Class	√	√		√
TA BlackRock iShares Tactical - Conservative - Service Class	√	√		√
TA BlackRock iShares Tactical - Growth - Service Class	√	√		√
TA BlackRock Tactical Allocation - Service Class	√	√		√
TA Goldman Sachs 70/30 - Service Class	√	√		√
TA Goldman Sachs Managed Risk - Balanced ETF - Service Class	√	√		√
TA Goldman Sachs Managed Risk - Conservative ETF - Service Class	√	√		√
TA Goldman Sachs Managed Risk - Growth ETF - Service Class	√	√		√
TA Great Lakes Advisors Large Cap Value - Service Class	√	√		√
TA International Focus - Service Class	√	√		√
TA Janus Balanced - Service Class	√	√		√
TA Janus Mid-Cap Growth - Service Class	√	√		√
TA JPMorgan Asset Allocation - Conservative - Service Class	√	√		√
TA JPMorgan Asset Allocation - Growth - Service Class	√	√		√
TA JPMorgan Asset Allocation - Moderate - Service Class	√	√		√
TA JPMorgan Asset Allocation - Moderate Growth - Service Class	√	√		√
TA JPMorgan Enhanced Index - Service Class	√	√		√
TA JPMorgan International Moderate Growth - Service Class	√	√		√
TA JPMorgan Tactical Allocation - Service Class	√	√		√
TA Madison Diversified Income - Service Class	√	√		√
TA Market Participation Strategy - Service Class	√	√		√
TA Morgan Stanley Global Allocation - Service Class	√	√		√
TA Morgan Stanley Global Allocation Managed Risk - Balanced - Service Class	√	√		√
TA MSCI EAFE Index - Service Class	√	√		√
TA Multi-Managed Balanced - Service Class	√	√		√
TA PineBridge Inflation Opportunities - Service Class	√	√	√
TA S&P 500 Index - Service Class	√	√		√
TA Small Mid Cap Value - Service Class	√	√		√
TA T. Rowe Price Small Cap - Service Class	√	√		√
TA TS&W International Equity - Service Class	√	√		√
TA TS&W Mid Cap Value Opportunities - Service Class	√	√		√
TA WMC US Growth - Service Class	√	√		√
Vanguard® VIF Balanced Portfolio	√	√		√
Vanguard® VIF Conservative Allocation Portfolio	√	√		√
Vanguard® VIF Mid-Cap Index Portfolio	√	√		√
Vanguard® VIF Moderate Allocation Portfolio	√	√		√

The Prospectus and Statement of Additional Information (SAI) include additional information. The Prospectus and SAI which have the same effective date as this summary prospectus are incorporated by reference as amended or supplemented. The Prospectus and SAI are available without charge upon request. For a free copy call us at (800)525-6205 or write us at:

Transamerica Life Insurance Company or Transamerica Financial Life Insurance Company
6400 C Street S.W.
Cedar Rapids, IA 52499

Reports and other information about the Separate Account are available on the SEC's website at sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: [email protected].