Separate Account VA BNY
10/28/2025 | Press release | Distributed by Public on 10/28/2025 14:37
Summary Prospectus for New Investors by Investment Company (Form 497VPI)
| Transamerica B-Share Variable Annuity | Transamerica AxiomSM III Variable Annuity |
| Transamerica I-Share II Variable Annuity | Transamerica Principium IVSM Variable Annuity |
Issued by
TRANSAMERICA LIFE INSURANCE COMPANY
SEPARATE ACCOUNT VA B
and
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY
SEPARATE ACCOUNT VA BNY
Supplement dated October 28, 2025
to the
Initial Summary Prospectus dated May 1, 2025
Addition of New Subaccount. On or about November 3, 2025, the Putnam VT International Value Fund Subaccount will be made available as a new subaccount under the Contract. The Putnam VT International Value Fund Subaccount invests in the Putnam Variable Trust Class IB shares ("Putnam VT International Value Fund"). The fund is advised by Putnam Investment Management, LLC and subadvised by Franklin Advisers, Inc. The fund's principal investment objective is to seek capital growth, with current income as a secondary objective.
Effective on or about November 3, 2025, the following updates will be made:
| • | The Fund Facilitation Fee table of ADDITIONAL INFORMATION ABOUT FEES is revised to reflect the following addition to the investment options: |
| Portfolio Companies | Annualized Fee % |
| Putnam VT International Value Fund - Class IB | 0.15% |
| • | The Appendix: Investment Options Available Under the Policy is revised to reflect the following addition to the investment options: |
| Investment Objective | Underlying Fund Portfolio and Adviser/Sub-adviser | Current Expenses Plus Platform Charges |
Average Annual Total Returns (as of 12/31/24) |
||||
| Current Expenses | Platform Charges | 1 year | 5 years | 10 years | |||
| Seeks capital growth. Current income is a secondary objective. |
Putnam VT International Value Fund - Class IB Advised by: Putnam Investment Management, LLC, Subadvised by: Franklin Advisers, Inc. |
1.07% | 0.15% | 1.22% | 5.21% | 6.81% | 5.46% |
This Supplement updates certain information in the above referenced Initial Summary Prospectus. Except as indicated in this Supplement, all other information included in the Initial Summary Prospectus 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.
Separate Account VA BNY published this content on October 28, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 28, 2025 at 20:37 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]