0001193125-21-161511.txt : 20210514 0001193125-21-161511.hdr.sgml : 20210514 20210514102559 ACCESSION NUMBER: 0001193125-21-161511 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210514 DATE AS OF CHANGE: 20210514 EFFECTIVENESS DATE: 20210514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEPARATE ACCOUNT VA-5 CENTRAL INDEX KEY: 0000914836 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-153776 FILM NUMBER: 21922486 BUSINESS ADDRESS: STREET 1: 4333 EDGEWOOD ROAD NE CITY: CEDAR RAPIDS STATE: IA ZIP: 52406-3183 BUSINESS PHONE: 319-355-8427 MAIL ADDRESS: STREET 1: 4333 EDGEWOOD ROAD NE CITY: CEDAR RAPIDS STATE: IA ZIP: 52406-3183 FORMER COMPANY: FORMER CONFORMED NAME: SEPARATE ACCOUNT VA-5 OF TRANSAMERICA OCCIDENTAL LIFE INSURA DATE OF NAME CHANGE: 19931117 0000914836 S000006782 SEPARATE ACCOUNT VA-5 C000018385 Distinct Asset Variable Annuity 497 1 d550449d497.htm DISTINCT ASSETS VARIABLE ANNUITY DISTINCT ASSETS VARIABLE ANNUITY

DISTINCT ASSETSSM VARIABLE ANNUITY

DISTINCT ASSETSSM VARIABLE ANNUITY NY

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA - 5

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA - 5NLNY

Supplement Dated May 14, 2021

to the

Prospectus dated May 1, 1998

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.

Effective on or about June 1, 2021 (the “Closure Date”), the following subaccount (the “Subaccount”) will be closed to new investments:

 

SUBACCOUNT   PORTFOLIO   ADVISOR/SUBADVISOR
Columbia Variable Portfolio – Small Company Growth Fund   Columbia Variable Portfolio – Small Company Growth Fund   Columbia Management Investment Advisers, LLC

“Closed to new investments” means you cannot allocate additional amounts (either through policy transfers or additional premiums) to the Subaccounts after the Closure Date. However, any assets allocated to the Subaccounts as of the Closure Date may remain.

Please note: If you have given us allocation instructions for premium payments or other purposes (for example, dollar cost averaging or asset rebalancing) directing us to invest in the Subaccounts, you need to provide us with new instructions for amounts that would have otherwise gone into the Subaccounts.

If you do not provide new instructions:

 

  •  

subsequent premium payments and dollar cost averaging transactions will be re-allocated pro-rata to the remaining available investment choices according to the investment allocation instructions you previously provided; and

  •  

transfers and asset rebalancing transactions will not be processed and new instructions will be required.

Any references in the Prospectus to the above Subaccounts are hereby changed as noted above.

 

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

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