497 1 wrlserieslife497.htm wrlserieslife497.htm
 
 

 


SUPPLEMENT DATED AUGUST 19, 2011
TO PROSPECTUS DATED MAY 1, 2011
FOR
WRL FREEDOM ELITE BUILDER®
WRL FREEDOM ELITE BUIDER II®
WRL FREEDOM ELITE®
WRL FINANCIAL FREEDOM BUILDER®
WRL XCELERATORSM
WRL FREEDOM EQUITY PROTECTOR®
TO PROSPECTUS DATED MAY 1, 2010
FOR
WRL FORLIFESM
and
TO PROSPECTUS DATED MAY 1, 2011
FOR
WRL FREEDOM WEALTH PROTECTORSM
A Joint Survivor Flexible Premium Variable Life Insurance Policy
Issued through
WRL Series Life Account
By
Western Reserve Life Assurance Co. of Ohio

This Supplement modifies certain information contained in your WRL Freedom Elite Builder® (and Associates Policy), WRL Freedom Elite Builder II® ,WRL Freedom Elite®, WRL Financial Freedom Builder®, WRL ForLifeSM, WRL XceleratorSM (and WRL Xcelerator Exec and WRL Xcelerator Focus), WRL Freedom Equity Protector® and/or WRL Freedom Wealth ProtectorSM prospectuses.   Please read it carefully and retain it for future reference.  All terms that are not defined in this supplement shall have the same meanings as the same terms used in the prospectuses.

Effective August 18, 2011, AEGON USA Investment Management, LLC (“AUIM”) has been appointed by the Transamerica Series Trust (“TST”) Board of Directors as interim sub-adviser for the Transamerica Foxhall Global Conservative VP, Transamerica Foxhall Global Growth VP, Transamerica Foxhall Emerging Markets/Pacific Rim VP and Transamerica Foxhall Global Commodities & Hard Assets VP portfolios of TST.  AUIM will manage the portfolios in accordance with the investment strategies and limitations described in each portfolio’s current prospectus.   It is anticipated that during the 4th quarter of 2011, Transamerica Global Conservative VP, Transamerica Global Growth VP and Transamerica Emerging Markets/Pacific Rim VP will be reorganized into existing TST portfolios (subject to shareholder approval) and Transamerica Global Commodities & Hard Assets VP will be restructured.

 Accordingly, please replace all references in your prospectus to Foxhall Capital Management, Inc.  with AUIM.   Also, please note the following name changes for the portfolios:


Former Name
Interim Mandate Name
Transamerica Foxhall Global Conservative VP
Transamerica Global Conservative VP
Transamerica Foxhall Global Growth VP
Transamerica Global Growth VP
Transamerica Foxhall Emerging Markets/Pacific Rim VP
Transamerica Emerging Markets/Pacific Rim VP
Transamerica Foxhall Global Commodities & Hard Assets VP
Transamerica Global Commodities & Hard Assets VP




PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE