TRANSAMERICAâ ASSOCIATE FREEDOM ELITE BUILDER
TRANSAMERICAâ XCELERATOR EXEC
WRL FREEDOM ELITEâ
Issued by
Transamerica Life Insurance Company
WRL Series Life Account
SUPPLEMENT DATED NOVEMBER 16, 2020
To the
TO PROSPECTUS DATED MAY 1, 2017
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.