Transamerica Life Insurance Company
10/10/2025 | Press release | Distributed by Public on 10/10/2025 10:27
Summary Prospectus for New Investors by Investment Company (Form 497VPI)
TRANSAMERICA STRUCTURED INDEX ADVANTAGE® ANNUITY
An Individual Flexible Premium Deferred Index-Linked Annuity Policy
Issued by
Transamerica Life Insurance Company
Supplement dated October 10, 2025
to the
Initial Summary Prospectus dated August 18, 2025
______________________________
This Supplement updates certain information in the above referenced Initial Summary Prospectus. Except as indicated in this Supplement, all other information included in the Initial Summary 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.
Appendix A Investment Options Available Under the Policy is hereby deleted and replaced with the following:
APPENDIX A
INVESTMENT OPTIONS AVAILABLE UNDER THE POLICY
INDEX ACCOUNT OPTIONS
The following is a list of Index Account Options currently available under the Policy. We may change the features of the Index Account Options listed below (including the Index and the current limits on Index gains), offer new Index Account Options, and terminate existing Index Account Options. We will provide you with Written Notice before making any changes other than changes to current limits on Index gains. Information about current limits on Index gains is available at transamerica.com/individual/annuities/registered-index-linked-annuities.
Note: If amounts are removed from an Index Account Option before the end of its Crediting Period, we will apply an Interim Value adjustment. This may result in a significant reduction in your Policy value that could exceed any protection from Index loss that would be in place if you waited until the end of the Crediting Period.
See INDEX ACCOUNT OPTIONS in the prospectus for a description of the Index Account Options' features. See EXPENSES AND ADJUSTMENTS - INTERIM VALUE ADJUSTMENTS for more information about Interim Value Adjustments.
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BASIC INDEX ACCOUNT OPTIONS |
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| Index | Type of Index | Crediting Period |
Current Limit on Index Loss (if held until end of Crediting Period) |
Minimum Limit on Index Gain (for the life of the Index Account Option) |
Credit Advantage Fee (annualized) |
| S&P 500® Index1 | U.S. Large-Cap Equities | 1-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 2% |
N/A |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 1-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 2% |
N/A |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 1-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 2% |
N/A |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 1-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 2% |
N/A |
| First Trust Equity Edge IndexTM1,2,4 | Dividend-Paying Equities | 1-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 2% |
N/A |
| S&P 500® Index1 | U.S. Large-Cap Equities | 1-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 2% |
N/A |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 1-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 2% |
N/A |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 1-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 2% |
N/A |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 1-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 2% |
N/A |
| First Trust Equity Edge IndexTM1,2,4 | Dividend-Paying Equities | 1-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 2% |
N/A |
| S&P 500® Index1 | U.S. Large-Cap Equities | 1-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 2% |
N/A |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 1-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 2% | N/A |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 1-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 2% |
N/A |
| iShares® U.S. Technology ETF3 | U.S. Large-Cap Equities | 1-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 2% |
N/A |
| First Trust Equity Edge IndexTM 1, 2,4 | Dividend-Paying Equities | 1-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 2% |
N/A |
| S&P 500® Index1 | U.S. Large-Cap Equities | 2-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 4% |
N/A |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 2-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 4% |
N/A |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 2-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 4% |
N/A |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 2-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 4% |
N/A |
| First Trust Equity Edge IndexTM1,2,4 | Dividend-Paying Equities | 2-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 4% |
N/A |
| S&P 500® Index1 | U.S. Large-Cap Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 3% |
N/A |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 3% |
N/A |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 3% |
N/A |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 3% |
N/A |
| First Trust Equity Edge IndexTM1,2,4 | Dividend-Paying Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap Cap Rate: No lower than 3% |
N/A |
| S&P 500® Index1 | U.S. Large-Cap Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap (Credit Advantage) Cap Rate: No lower than 5% |
1.25% |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap (Credit Advantage) Cap Rate: No lower than 5% |
1.25% |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap (Credit Advantage) Cap Rate: No lower than 5% |
1.25% |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap (Credit Advantage) Cap Rate: No lower than 5% |
1.25% |
| First Trust Equity Edge IndexTM1,2,4 | Dividend-Paying Equities | 2-Year |
Buffer Buffer Rate: 15% |
Cap (Credit Advantage) Cap Rate: No lower than 5% |
1.25% |
| S&P 500® Index1 | U.S. Large-Cap Equities | 2-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 3% |
N/A |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 2-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 3% |
N/A |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 2-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 3% |
N/A |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 2-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 3% |
N/A |
| First Trust Equity Edge IndexTM 1, 2,4 | Dividend-Paying Equities | 2-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 3% |
N/A |
| S&P 500® Index1 | U.S. Large-Cap Equities | 6-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 10% |
N/A |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 6-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 10% |
N/A |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 6-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 10% |
N/A |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 6-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 10% |
N/A |
| First Trust Equity Edge IndexTM1,2,4 | Dividend-Paying Equities | 6-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 10% |
N/A |
| S&P 500® Index1 | U.S. Large-Cap Equities | 6-Year |
Buffer Buffer Rate: 15% |
Participation (Credit Advantage) Participation Rate: No lower than 50% |
1.25% |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 6-Year |
Buffer Buffer Rate: 15% |
Participation (Credit Advantage) Participation Rate: No lower than 50% |
1.25% |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 6-Year |
Buffer Buffer Rate: 15% |
Participation (Credit Advantage) Participation Rate: No lower than 50% |
1.25% |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 6-Year |
Buffer Buffer Rate: 15% |
Participation (Credit Advantage) Participation Rate: No lower than 50% |
1.25% |
| First Trust Equity Edge IndexTM1,2,4 | Dividend-Paying Equities | 6-Year |
Buffer Buffer Rate: 15% |
Participation (Credit Advantage) Participation Rate: No lower than 50% |
1.25% |
| S&P 500® Index1 | U.S. Large-Cap Equities | 6-Year |
Buffer Buffer Rate: 20% |
Cap Cap Rate: No lower than 8% |
N/A |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 6-Year |
Buffer Buffer Rate: 20% |
Cap Cap Rate: No lower than 8% |
N/A |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 6-Year |
Buffer Buffer Rate: 20% |
Cap Cap Rate: No lower than 8% |
N/A |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 6-Year |
Buffer Buffer Rate: 20% |
Cap Cap Rate: No lower than 8% |
N/A |
| First Trust Equity Edge IndexTM1, 2,4 | Dividend-Paying Equities | 6-Year |
Buffer Buffer Rate: 20% |
Cap Cap Rate: No lower than 8% |
N/A |
| S&P 500® Index1 | U.S. Large-Cap Equities | 6-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 8% |
N/A |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 6-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 8% |
N/A |
| iShares® Russell 2000 ETF3 | U.S. Small-Cap Equities | 6-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 8% |
N/A |
| iShares® U.S. Technology ETF3 | Technology Sector U.S. Equities | 6-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 8% |
N/A |
| First Trust Equity Edge IndexTM 1,2,4 | Dividend-Paying Equities | 6-Year |
Buffer Buffer Rate: 10% |
Edge and Edge+ Rates: No lower than 8% |
N/A |
| 1. | This Index is a "price return" index, not a "total return" index, and therefore does not reflect the dividends paid on the securities composing the Index, which will reduce the Index return and may cause the Index to underperform a direct investment in the securities composing the Index. |
| 2. | The Index provider applies a reduction when calculating Index performance, which will reduce the Index return and may cause the Index to underperform a direct investment in the securities composing the Index. |
| 3. | This Index is an ETF. Index Values are based on the ETF's closing prices. The Index Values reflect a "price return," not a "total return," and therefore do not reflect the dividends or other distributions paid by the ETF. In addition, fees and costs are deducted from the ETF, which reduces the ETF's performance. These factors will reduce the Index return and may cause the Index to underperform a direct investment in the ETF or the securities in which the ETF invests. |
| 4. | Even though this Index is composed of dividend-paying securities, you will not receive any dividends paid on those securities, and any dividends paid on those securities will not be reflected in Index Values. |
| ENHANCED INDEX ACCOUNT OPTIONS | ||||||
| Index | Type of Index | Crediting Period |
Current Limit on Index Loss (if held until end of Crediting Period) |
Minimum Limit on Index Gain (for the life of the Index Account Option) |
Credit Advantage Fee (annualized) |
Best Entry Initial Index Value Reset Feature |
| S&P 500® Index1 | U.S. Large-Cap Equities | 6-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 8% |
N/A |
Observation Frequency: Monthly Observation Days: 3 Best Entry Reset Threshold: -5% Best Entry Reset Maximum: -5% |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 6-Year |
Buffer Buffer Rate: 10% |
Cap Cap Rate: No lower than 8% |
N/A |
Observation Frequency: Monthly Observation Days: 3 Best Entry Reset Threshold: -5% Best Entry Reset Maximum: -5% |
| S&P 500® Index1 | U.S. Large-Cap Equities | 6-Year |
Buffer Buffer Rate: 10% |
Cap Credit Advantage) Cap Rate: No lower than 12% |
1.25% |
Observation Frequency: Monthly Observation Days: 6 Best Entry Reset Threshold: -5% Best Entry Reset Maximum: -20% |
| Fidelity World Factor Leaders IndexSM 0.5% AR1,2 | U.S. and Non-U.S. Equities | 6-Year |
Buffer Buffer Rate: 10% |
Cap (Credit Advantage) Cap Rate: No lower than 12% |
1.25% |
Observation Frequency: Monthly Observation Days: 6 Best Entry Reset Threshold: -5% Best Entry Reset Maximum: -20% |
| 1. | This Index is a "price return" index, not a "total return" index, and therefore does not reflect the dividends paid on the securities composing the Index, which will reduce the Index return and may cause the Index to underperform a direct investment in the securities composing the Index. |
| 2. | The Index provider applies a reduction when calculating Index performance, which will reduce the Index return and may cause the Index to underperform a direct investment in the securities composing the Index. |
We expect to add and remove investment options from time to time. We will always offer the following Index Account Option: S&P 500® Index, 1-Year Crediting Period, Buffer (Buffer Rate: 10%), Cap (Cap Rate: no lower than 2%), no Credit Advantage Fee (subject to our right of Index substitution).
An Index Account Option with a 10% Buffer Rate will always be available under the Policy. In the future, if we offer a new Index Account Option that includes a Buffer:
| · | For Policies with applications signed on or after May 1, 2024, there is no pre-specified minimum Buffer Rate. While we will not offer any Index Account Options that provide for no downside protection, we may offer Index Account Options that provide only minimal limits on Index losses, which would mean risk of loss of nearly the entire amount invested. |
In the future, if we offer a new Index Account Option and:
| · | the Growth Opportunity Type is Cap, the guaranteed minimum Cap Rate will be no lower than 2%. |
| · | the Growth Opportunity Type is Participation, for Policies with applications signed on or after May 1, 2024, the guaranteed minimum Participation Rate will be no lower than 10%. |
| · | the Growth Opportunity Type is Edge and Edge+, the guaranteed minimum Edge Rate and Edge+ Rate will be no lower than 2%. |
We reserve the right to offer new Index Account Options with different Downside Protection Types or Growth Opportunity Types in the future.
FIXED ACCOUNT OPTION
The following is the Fixed Account Option currently available under the Policy. We may change the features of the Fixed Account Option listed below, offer new Fixed Account Options, and terminate existing Fixed Account Options. We will provide you with Written Notice before doing so. If amounts are withdrawn from the Fixed Account Option before the end of the Surrender Charge period we will apply a Surrender Charge, this will result in a reduction in your Policy value which may be significant.
| Name | Crediting Period |
Minimum Guaranteed Interest Rate |
| Fixed Account Option | 1-Year | 0.25% |
State variations may apply to your guaranteed minimum effective annual interest rate. See APPENDIX D - State Variations 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.
Transamerica Life Insurance Company published this content on October 10, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 10, 2025 at 16:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]