Transamerica AxiomSM III Variable
Transamerica B-Share Variable Annuity
Transamerica I-Share II 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 1, 2026
To the
Prospectus dated May 1, 2026
and to the
Initial Summary Prospectus dated May 1, 2026
 
 
Effective on or about November 1, subject to shareholder approval, based on changes to the underlying portfolios, the Appendix: Investment Options Available Under the Policy is revised to reflect the following change:
 
Current Portfolio Name
New Portfolio Name
Current Subadvisor
New Subadvisor
Transamerica JPMorgan Tactical Allocation VP
Transamerica Multi-Managed Conservative VP
J.P. Morgan Investment Management Inc
J.P. Morgan Investment Management Inc. and Aegon USA Investment Management, LLC
New Investment Objective
Seeks total return through the combination of income and capital appreciation.
 
Effective on or about November 1, subject to shareholder approval, based on changes to the underlying portfolios, the Appendix: Investment Options Available Under the Policy is revised to reflect the following change:
 
Current Portfolio Name
New Portfolio Name
Current Subadvisor
New Subadvisor
Transamerica Madison Diversified Income VP
Transamerica Multi-Managed Moderately Conservative VP
Madison Asset Management, LLC
J.P. Morgan Investment Management Inc. and Aegon USA Investment Management, LLC
Current and New Investment Objective
Seeks high total return through the combination of income and capital appreciation.
      
Effective on or about November 1, based on changes to the underlying portfolios, the Appendix: Investment Options Available Under the Policy is revised to reflect the following information:
 
Current Portfolio Name
New Portfolio Name
Current Subadvisor
New Subadvisor
Current
Expense
New Expenses
Initial Class
Service Class
Initial Class
Service Class
Transamerica TSW International Equity VP
Transamerica Great Lakes Advisors International Equity VP
Thompson, Siegel & Walmsley LLC
Great Lakes Advisors, LLC
 
0.86%
1.11%
0.82%
1.07%
New Investment Objective
Seeks to provide competitive risk-adjusted returns relative to the benchmark over a full market cycle.
 
 
This Supplement updates certain information in the above referenced Prospectus (the ‘‘Prospectus’’) and Initial Summary Prospectus. Except as indicated in this Supplement, all other information included in the 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.