TRANSAMERICA FREEDOM ELITE BUILDER II

WRL FINANCIAL FREEDOM BUILDER

WRL FREEDOM ELITE BUILDER

WRL FREEDOM EQUITY PROTECTOR

Issued by

 Transamerica Life Insurance Company

WRL Series Life Account

SUPPLEMENT DATED NOVEMBER 16, 2020

To the

TO PROSPECTUS DATED MAY 1, 2020

This Supplement updates certain information in the above referenced prospectuses (the ‘‘Prospectuses’’). You should read this Supplement in conjunction with the applicable Prospectus and retain it for future reference.  Except as indicated in this Supplement, all other information included in the Prospectuses remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectuses. 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.

Subject to shareholder approval, effective December 1, 2020, based on changes to the underlying portfolio,the following name and subadvisor change will occur:

Current Name	New Name	Current Subadvisor	New Subadvisor
Transamerica  Barrow Hanley Dividend Focused VP	Transamerica Aegon Sustainable Equity Income VP	Barrow, Hanley, Mewhinney & Strauss, LLC	Aegon Asset Management UK

The Subadvisor Change will not result in any change in the investment objective, policies, or fees of the applicable Subaccount.

* * *

This Supplement must be accompanied or preceded by the current Prospectus.

Please read this Supplement carefully and retain it for future reference.