TRANSAMERICAâ ASSOCIATE FREEDOM ELITE BUILDER
TRANSAMERICAâ XCELERATOR EXEC
WRL FREEDOM ELITEâ
Issued by
Transamerica Premier Life Insurance Company
WRL Series Life Account
SUPPLEMENT DATED OCTOBER 15, 2019
To the
TO PROSPECTUS DATED MAY 1, 2017
Effective on or about November 1, 2019, based on changes to the underlying fund portfolio, the
following portfolio name will change:
CURRENT NAME
|
NEW NAME
|
Transamerica BlackRock Equity Smart Beta 40 VP
|
Transamerica BlackRock iShares Edge 40 VP
|
Effective on or about November 1, 2019 (the “Merger Date”), based on changes to the underlying fund portfolios, a fund merger will apply to the following
portfolio:
EXISTING PORTFOLIO NAME
|
ACQUIRING PORTFOLIO NAME
|
Transamerica Torray Concentrated Growth VP
|
Transamerica WMC US Growth VP
|
Transamerica Jennison Growth VP
|
Transamerica Morgan Stanley Capital Growth VP
|
Effective on or about October 25, 2019 (the “Closure Date”), the Existing Portfolios will be closed to new investments:
“Closed to new investments” means no one can allocate additional amounts (either through policy transfers or additional premiums) to the Existing Portfolio
after the Closure Date.
We have been informed that on or about November 1, 2019, the underlying funds referenced above under Existing Portfolio will merge into the Acquiring Portfolio. If you would like to transfer out of
the Existing or Acquiring Portfolio prior to or after the merger date, you may transfer your policy value to any of the portfolios listed in your Prospectus.
Please make sure that a transfer request does not violate any allocation guidelines and/or restrictions in place for your policy applicable to allocation instructions for premium payments or other purposes (for example,
dollar cost averaging or asset rebalancing). As of the start of business on the Merger Date, you may no longer use automated transfer features such as asset rebalancing or dollar cost averaging with the Existing Portfolio. If you are using an
automated transfer feature such as asset rebalancing or dollar cost averaging with the Existing Portfolio and do not want to allocate to the Acquiring Portfolio, you should contact us immediately to make alternate arrangements.
You will not be charged for the transfer made due to the merger. In addition, if you reallocate your policy value to another portfolio due to the merger, you will not be charged for the transfer to
another available portfolio if made prior to the merger or within 30 days after the merger date. This reallocation also will not count as a transfer for purposes of any free transfers that you receive each policy year.
* * *
Please Retain this Supplement for Future Reference