0001193125-24-067411.txt : 20240314 0001193125-24-067411.hdr.sgml : 20240314 20240314080659 ACCESSION NUMBER: 0001193125-24-067411 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 EFFECTIVENESS DATE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEPARATE ACCOUNT VA-5 CENTRAL INDEX KEY: 0000914836 ORGANIZATION NAME: IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-153776 FILM NUMBER: 24747993 BUSINESS ADDRESS: STREET 1: 6400 C STREET SW CITY: CEDAR RAPIDS STATE: IA ZIP: 52499 BUSINESS PHONE: 319-355-8366 MAIL ADDRESS: STREET 1: 6400 C STREET SW CITY: CEDAR RAPIDS STATE: IA ZIP: 52499 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 d745973d497.htm DISTINCT ASSETS VARIABLE ANNUITY DISTINCT ASSETS VARIABLE ANNUITY

DISTINCT ASSETSSM VARIABLE ANNUITY

Issued By

TRANSAMERICA LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA-5

And

DISTINCT ASSETSSM VARIABLE ANNUITY NY

Issued By

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

SEPARATE ACCOUNT VA-5NLNY

Supplement dated March 14, 2024

to the

Prospectuses dated May 1, 1998

Effective on or about May 1, 2024 (the “Merger Date”), based on changes to the underlying fund portfolios, a fund reorganization will apply to the following portfolio companies:

 

EXISTING TRUST NAME

American Century Variable Portfolios, Inc.

 

   

ACQUIRING TRUST NAME

Lincoln Financial Variable Insurance Products Trust

 

EXISTING PORFOLIO NAME    ACQUIRING PORTFOLIO NAME
   
American Century VP Balanced Fund*    LVIP American Century Balanced Fund*

American Century VP Capital Appreciation Fund

 

   

LVIP American Century Capital Appreciation Fund

 

Effective as of the Merger Date, the following portfolio company options will become generally available to Contract owners:

 

TRUST

    Lincoln Financial Variable Insurance Products Trust

ADVISOR/SUBADVISOR

    Lincoln Investment Advisors Corporation. Subadvised by American Century Investment Management, Inc.

PORTFOLIOS

    LVIP American Century Balanced Fund
     LVIP American Century Capital Appreciation Fund

* American Century VP Balanced Fund and the Acquiring Portfolio, LVIP American Century Balanced Fund, are closed to new investors. If you decide to transfer out of this Acquiring Portfolio, you will not be able to re-invest in it at a later date.

We have been informed that as of the Merger Date, the Existing Portfolio referenced above will merge into the corresponding Acquiring Portfolio. If you would like to transfer out of the Existing or Acquiring Portfolio prior to or within 30 days after the Merger Date, you may transfer your policy value to any of the portfolio company options listed in your Prospectus. You will not be charged for transfers made due to the merger and this reallocation also will not count against the number of free transfers that you receive each policy year.

As of the start of business on the Merger Date, any automated transfer features such as asset rebalancing or dollar cost averaging with the Existing Portfolio will be directed to the Money Market Subaccount.

This Supplement updates certain information in the above referenced prospectus (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 current 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 current Prospectus.

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