0001193125-22-307041.txt : 20221216 0001193125-22-307041.hdr.sgml : 20221216 20221216124615 ACCESSION NUMBER: 0001193125-22-307041 CONFORMED SUBMISSION TYPE: 497VPU PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20221216 DATE AS OF CHANGE: 20221216 EFFECTIVENESS DATE: 20221216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WRL SERIES LIFE ACCOUNT CENTRAL INDEX KEY: 0000778209 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497VPU SEC ACT: 1933 Act SEC FILE NUMBER: 333-249150 FILM NUMBER: 221467264 BUSINESS ADDRESS: STREET 1: 570 CARILLON PARKWAY CITY: ST PETERSBURG STATE: FL ZIP: 33716 BUSINESS PHONE: 319-355-8366 MAIL ADDRESS: STREET 1: 570 CARILLON PARKWAY CITY: ST PETERSBURG STATE: FL ZIP: 33716 0000778209 S000006588 WRL SERIES LIFE ACCOUNT C000223616 Transamerica Freedom Elite Builder II 497VPU 1 d412218d497vpu.htm TRANSAMERICA FREEDOM ELITE BUILDER II Transamerica Freedom Elite Builder II

TRANSAMERICA FREEDOM ELITE BUILDER II®

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY    

WRL SERIES LIFE ACCOUNT

Supplement December 16, 2022

to the

Updating Summary Prospectus Dated May 1, 2022

Based on updating figures to the underlying fund portfolios, the Portfolio Company Appendix is hereby revised to reflect the following changes.

 

Investment Objective   

Underlying Fund Portfolio and

Adviser/Sub-adviser

   

Current  

Expenses  

    Average Annual Total Returns
(as of 12/31/21)
  

1 year

 

   

5 years

 

   

10 years

 

 

Investment Objective: Seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500® Index.

   

Fidelity VIP Index 500 Portfolio -

Service Class 2

 

Advised by Fidelity Management &

Research Company

Sub-Advisers: FMR Co., Inc.; Geode Capital Management, LLC

    0.35%    28.26    18.05    16.15
Investment Objective: Seeks to maximize long-term growth.   

Transamerica Morgan Stanley Capital

Growth VP – Initial Class

 

Sub-Advised by: Morgan Stanley Investment Management Inc.

    0.97%    -0.53%    32.65%    23.34%
Investment Objective: Seeks to provide a high total investment return through investments in a broadly diversified portfolio of stocks, bonds and money market instruments.   

Transamerica Multi-Managed Balanced

VP - Initial Class

 

Sub-Advised by: J.P. Morgan Investment Management Inc. and Aegon USA Investment Management, LLC

    0.86%    17.04%    12.68%    11.20%
Investment Objective: Seeks a combination of capital appreciation and income.   

Transamerica PIMCO Tactical -

Balanced VP - Initial Class

 

Sub-Advised by: Pacific Investment Management Company LLC

    1.11%    6.62%    7.92%    6.37%

All Underlying Fund Portfolios in the Transamerica Series Trust are advised by Transamerica Asset Management. The entities listed are the sub-advisers unless otherwise indicated

This Supplement updates certain information in the above referenced prospectuses (the ‘‘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.