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DISTINCT ASSETSSM VARIABLE ANNUITY

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA-5

Supplement Dated June 1, 2017

to the

Prospectus dated May 1, 1998

Effective on or about June 5, 2017, based on changes to the underlying fund portfolios, the name changes will apply to the applicable subaccounts:

 

PRIOR SUBACCOUNT NAME    NEW SUBACCOUNT NAME

Janus Aspen Janus Portfolio

   Janus Henderson Research Portfolio

This Prospectus Supplement must be accompanied or preceded

by the Prospectus for the

Distinct Asset SM Variable Annuity dated May 1, 1998