Notice Document by Insurance Company (Form N-VP)

Transaction

Direct or Send to

Telephonic Transaction

1-727- 299-1800 or 1-800-851-9777 (toll free)

Facsimile Transaction

1-727-299-1620

Electronic Transaction

www.tlic.transamerica.com

Payments made by check

PO Box 429, Cedar Rapids IA 52406-0429 or

6400 C St. SW, Cedar Rapids IA 52499-7463

Claims, general correspondence, and notices

Mailing Address: 6400 C St. SW, Cedar Rapids IA 52499-0001

administrative office

Our administrative office address is 6400 C St. SW, Cedar Rapids IA 52499-0001. Our phone number is 1-800-851-9777; our facsimile numbers are 1-727-299-1648 (for subaccount transfers only) and 1-727-299-1620 (for all other fax requests). Our administrative office serves as the recipient of all website (tlic.transamerica.com), telephonic and facsimile transactions, including, but not limited to transfer requests and premium payments made by wire transfer and through electronic credit and debit transactions (e.g., payments through direct deposit, debit transfers, and forms of e-commerce payments). Our hours are Monday - Friday 7:00 a.m. - 6:00 p.m. Central Time. Please do not send any checks, claims, correspondence, or notices to this office; send them to the mailing address.

beneficiary(ies)

The person or persons you select to receive the Policy's death benefit.

cash value

At the end of any valuation period, the sum of your Policy's value in the subaccounts and the fixed account. If there is a Policy loan outstanding, then the cash value includes any amounts held in our fixed account to secure the Policy loan.

death benefit proceeds

The amount we will pay to the beneficiary(ies) on the insured's death. We will reduce the death benefit proceeds by the amount of any outstanding loan amount, including any accrued loan interest and, if the insured dies during the grace period, any charges that are due and unpaid.

Designated Subaccounts

Certain portfolios of the Transamerica Series Trust limit allocation to 35% of the Policy's cash value.

fixed account

An allocation option other than the separate account to which you may allocate net premiums and cash value. We guarantee that any amounts you allocate to the fixed account will earn interest at a declared rate. The fixed account is part of our general account.

insured

The person whose life is insured by the Policy.

lapse

When life insurance coverage ends and the Policy terminates because you do not have enough value in the Policy to pay monthly deductions, the surrender charge, and any outstanding loan amount, including accrued loan interest, and you have not made a sufficient payment by the end of the Policy's grace period.

mutual fund company(ies)

A management investment company registered with the SEC. The Policy allows you to invest in the portfolio companies (also known as underlying fund portfolios) of the mutual fund companies through our subaccounts.

Policy

The flexible premium variable life insurance Policy, a contract between us and you that describes the terms of your life insurance Policy.

portfolio company(ies)

Investment options made available by mutual fund companies under the Policy. Also referred to as underlying fund portfolio(s).

premiums

All payments you make under the Policy other than loan repayments.

specified amount

The amount of life insurance coverage under your Policy.

surrender charge

A charge you pay if you withdraw money from your Policy or fully surrender your Policy during certain defined time periods.

termination

When the insured's life is no longer insured under the Policy or any rider, and neither the Policy (nor any rider) is in force.

we, us, our, the Company

(Transamerica)

Transamerica Life Insurance Company.

you, your (Owner or policyowner)

The person entitled to exercise all rights as the owner under the Policy.

FEES AND EXPENSES

Location in

Prospectus

Are There Charges for Early Withdrawals?

Yes. If all of your initial premium is from a 1035 Exchange of a life insurance Policy with surrender charge greater than or equal to 3% or from an exchange of an annuity with surrender charges greater than or equal to 3% (each a replacement transaction), your Policy will be issued with a five-year surrender charge schedule ("5-year schedule"). Each additional premium payment will have its own 5-year schedule from the date of the additional premium payment.

If any portion of the initial premium is not from a replacement transaction, your Policy will be issued with a six-year surrender charge schedule ("6-year schedule"). Each additional premium payment will have its own 6-year schedule from the date of any additional premium payment.

The maximum surrender charge will not be greater than $8 per $1,000 of the Policy's initial specified amount during the first six Policy years or during the first 6 years from the date of any additional premium payment.

For example, if you purchased a Policy with an initial specified amount of $300,000 and were to withdraw $100,000 during the surrender charge period (and assuming no additional premium payments), the maximum surrender charge would be $800.

Policy Benefits - Cash Withdrawals and Surrenders

Fee Tables

Charges and Deductions

Are There Transaction Charges?

Yes. In addition to surrender charges for early withdrawals, you may also be charged for other transactions. There may be front-end loads on premium payments or administrative charges for withdrawals.

We reserve the right to deduct a charge for special services, including overnight delivery and wire service fees.

Policy Benefits - Cash Withdrawals and Surrenders

Fee Tables

Charges and Deductions

Are There Ongoing Fees and Expenses (annual charges)?

Yes. In addition to surrender charges and transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy and the cost of optional benefits available under the Policy, and that such fees and expenses are set based on characteristics of the insured (e.g., age, sex, and rating classification). You should view the schedule page of your Policy for rates applicable to your Policy.

These fees and expenses do not reflect any advisory fees paid to financial intermediaries from the Policy value or other assets of the Owner; if such charges were reflected, the fees and expenses would be higher.

You will also bear expenses associated with the portfolios under the Policy to which you have allocated cash value, as shown in the following table:

Fee Tables

Charges and Deductions

Appendix: Portfolio Companies Available Under the Policy.

Annual Fee

Minimum

Maximum

Portfolio Company^1,2

(fund fees and expenses)

0.29%

0.89%

¹As a percentage of Portfolio Company assets.

RISKS

Location in

Prospectus

Is There a Risk of Loss From Poor Performance?

Yes. You can lose money by investing in this Policy, including loss of principal.

Policy Risks

Policy Benefits - The Policy in General

Is this a Short-Term Investment?

No. This Policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash.

The Policy is designed to help meet long-term financial objectives by paying a death benefit to family members or other beneficiaries. The benefits of tax deferral also mean the Policy is more beneficial to investors with a long-term investment horizon. You may pay substantial charges if you take withdrawals or fully surrender the Policy during the surrender charge period.

Policy Risks

What Are the Risks Associated with Investment Choices?

Policy Risks

What are the Risks Related to the Insurance Company?

An investment in the Policy is subject to the risks related to Transamerica Life Insurance Company. Any obligations (including under the fixed account option), guarantees, and benefits under the Policy are subject to our claims-paying ability. More information about Transamerica Life Insurance Company (formerly Western Reserve Life Assurance Co. Of Ohio), including our financial strength ratings, is available by visiting tlic.transamerica.com or calling toll-free 800-851-9777.

Western Reserve, the Separate Account, the Fixed Account and the Portfolios

Is there a Risk of Contract Lapse?

Insufficient premium payments, poor investment performance, withdrawals, and unpaid loans or loan interest may cause the Policy to lapse. There are costs associated with reinstating a lapsed Policy. Death benefits will not be paid if the Policy has lapsed.

Policy Risks - Risk of Lapse

Policy Lapse and Reinstatement

RESTRICTIONS

Location in

Prospectus

What are the Restrictions on the Investment Options?

Policy Benefits - Transfers

Western Reserve, the Separate Account, the Fixed Account and the Portfolios

Transfers- General

What Are the Optional Benefits?

There no optional riders available under the Policy.

N/A

TAXES

Location in

Prospectus

What Are the Policy's Tax Implications?

Policy Benefits - The Policy in General

Policy Risks - Tax Risks (Income Tax and MEC)

Federal Income Tax Considerations

CONFLICT OF INTEREST

Location in

Prospectus

How Are Investment Professionals Compensated?

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, LLC ("TCL") (formerly Transamerica Capital, Inc.), the principal underwriter, 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.

Additional Information - Sale of the Policies

Should I Exchange My Policy?

Some investment professionals may have a financial incentive to offer you a new Policy in place of the one you already own. You should only exchange your Policy if you determine, after comparing the features, fees, and risks of both Policies, that it is preferable for you to purchase the new Policy rather than continue to own your existing Policy.

The Policy - Tax-Free "Section 1035" Exchanges

Additional Information - Sale of the Policies

Investment Objective

Underlying Fund Portfolio and

Adviser/Sub-adviser⁽¹⁾

Current
Expenses

Average Annual Total Returns
(as of 12/31/25)

1 year

5 years

10 years

Seeks to provide as high a level of total return as is consistent with prudent investment strategies.

Transamerica Aegon U.S. Government Securities VP - Initial Class⁽²⁾
Sub-Advised by: Aegon USA Investment Management, LLC

0.59%

5.85%

-1.28%

1.18%

Seeks as high a level of current income as is consistent with preservation of capital and liquidity.

Transamerica BlackRock Government Money Market VP - Initial Class⁽³⁾
Sub-Advised by: BlackRock Investment Management, LLC

0.29%

4.07%

3.05%

1.91%

Seeks long-term capital appreciation and capital preservation.

Transamerica BlackRock iShares Edge 40 VP - Initial Class⁽²⁾⁽⁴⁾
Sub-Advised by: BlackRock Investment Management, LLC

0.46%

11.64%

3.47%

4.9%

Seeks long-term capital appreciation.

Transamerica Janus Mid-Cap Growth VP - Initial Class⁽⁴⁾
Sub-Advised by: Janus Henderson Investors US

0.84%

8.11%

7.17%

11.14%

Seeks to provide a high total investment return through investments in a broadly diversified portfolio of stocks, bonds and money market instruments.

Transamerica Multi-Managed Balanced VP - Initial Class
Sub-Advised by: J.P. Morgan Investment Management Inc. and Aegon USA Investment Management, LLC

0.64%

13.06%

8.62%

9.73%

Seeks to maximize total return.

Transamerica Small/Mid Cap Value VP - Initial Class⁽⁴⁾
Sub-Advised by: Systematic Financial Management L.P. & Thompson, Siegel & Walmsley LLC

0.81%

9.81%

9.56%

9.81%

Seeks to maximize long-term growth.

Transamerica WMC US Growth VP - Initial Class

Sub-Advised by: Wellington Management Company, LLP

0.89%

17.47%

12.05%

16.13%

(1) 

You should work with your investment professional to decide which Subaccount(s) may be appropriate for you based on a thorough analysis of your particular insurance needs; financial objectives; investment goals; time horizons; and risk tolerance.

(2)

This portfolio is subject to an expense reimbursement or fee waiver arrangement. As a result, this portfolio's annual expenses reflect temporary expense reductions. See the portfolio prospectus for additional information.

(3) 

There can be no assurance any money market portfolio offered under this Policy will be able to maintain a stable net asset value per share during extended periods of low interest rates, and partly as a result of Policy charges, the yield on the money market Subaccounts may become extremely low and possibly negative.

(4)

These portfolios are currently classified as Designated Subaccounts. Investment into these Designated Subaccounts may be limited so that these Designated Subaccounts do not account for more than 35% of the cash value, where cash value includes both subaccount and fixed account value.

Note

All Underlying Fund Portfolios in the Transamerica Series Trust are advised by Transamerica Asset Management. The entities listed are the sub-advisers unless otherwise indicated.