Prospectus by Investment Company (Form 497)

Supplement dated September 3, 2026

To the Prospectuses Dated:

Issued by

TRANSAMERICA LIFE INSURANCE COMPANY

Merrill Lynch Life Variable Annuity Separate Account D

And

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY

ML of New York Variable Annuity Separate Account D

BlackRock Advisors, LLC has notified Transamerica that the BlackRock Advantage Large Cap Value Fund (the Portfolio) is reorganizing into an exchange-traded fund (ETF) effective on or about November 20, 2026. ETFs are not available as an investment option in your product and therefore the subaccount will be liquidated.

Effective at market close on November 6, 2026, (the "Closure Date"), the Portfolio will be closed to new and subsequent investments. Effective on or about November 20, 2026, (the "Liquidation Date"), the subaccount (the "Subaccount") will be liquidated.

If you have contract value allocated to the Subaccount on the Liquidation Date, shares of the Portfolio held for you in the Subaccount will be exchanged for shares of the Transamerica BlackRock Government Money Market VP (the "Money Market Portfolio"), of equal value on the Liquidation Date, and held in the Transamerica BlackRock Government Money Market VP subaccount (the "Money Market Subaccount").

You may transfer out of the Subaccount prior to the Liquidation Date to any of the available portfolio companies. For 90 days after the Liquidation Date, you may transfer any contract value allocated to the Money Market Subaccount to another available subaccount. There will be no charge for these transfers, and these transfers will not count against the number of free transfers permitted annually.

As of the start of business on the Closure Date, you will no longer be able to use automated transfer features such as Rebalancing Program or Dollar Cost Averaging with the Subaccount. If you are using an automated transfer feature such as Rebalancing Program or Dollar Cost Averaging with the Subaccount, you should contact us immediately to make alternate arrangements. If you do not make alternate arrangements any subsequent allocations to the Subaccount 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.