0001193125-22-307044.txt : 20221216 0001193125-22-307044.hdr.sgml : 20221216 20221216124602 ACCESSION NUMBER: 0001193125-22-307044 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: 333-249152 FILM NUMBER: 221467269 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 C000223622 WRL Freedom Elite Builder 497VPU 1 d412218d497vpu.htm WRL FREEDOM ELITE BUILDER WRL Freedom Elite Builder

WRL FREEDOM ELITE BUILDER®

 

WRL FINANCIAL FREEDOM BUILDER®         WRL FREEDOM EQUITY PROTECTOR®

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: The fund seeks long-term capital appreciation   

Fidelity VIP Contrafund®

Portfolio* -Service Class 2

 

Advised by Fidelity Management & Research Company

Sub-Advisers: FMR Co., Inc

    0.85%    27.51    19.87    16.35
Investment Objective: Seeks reasonable income. The fund will also consider the potential for capital appreciation. The fund’s goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500® Index.   

Fidelity VIP Equity Income Portfolio*- Service Class 2

 

Advised by Fidelity Management & Research Company

Sub-Advisers: FMR Co., Inc

    0.76%    24.60    11.68    12.26
Investment Objective: The fund seeks to provide capital growth.   

Fidelity VIP Growth Opportunities Portfolio*- Service Class 2

 

Advised by: Fidelity Management & Research Company

Sub-Advisers: FMR Co., Inc

 

    0.88%    11.68    31.77    22.64

This Supplement must be accompanied or preceded by the applicable Prospectuses.

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

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%

*           The Fidelity VIP Contrafund® Portfolio, the Fidelity VIP Equity Income Portfolio, and the Fidelity VIP Growth Opportunities Portfolio are no longer available for sale to new investors.

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 ‘‘Prospectuses’’). Except as indicated in this Supplement, all other information included in the Prospectuses 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 Prospectuses.

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