Merrill Lynch Investor Choice Annuity - IRA Series L Class

Transcription

1 Merrill Lynch Investor Choice Annuity - IRA Series L Class The performance quoted represents past performance and does not guarantee future results; and current performance may be lower or higher than the performance quoted. The annuity value will fluctuate with market conditions so that when surrendered, it may be worth more or less than total of premium payments. This material gives performance numbers for the Merrill Lynch Investor Choice Annuity. Variable annuities are long-term, tax deferred vehicles that offer investment options through subaccounts and insurance features such as annuitization and death benefit options. Investors should consider the investment objectives, risks, charges and expenses of each investment company carefully before investing. Both the contract prospectus and underlying fund prospectus contain this and other information about the investment companies. The contract prospectus and underlying fund prospectus should be read carefully before investing. Please contact for a prospectus. To obtain performance data current to the most recent month-end go to Taxes are due upon distribution of earnings. Distribution of earnings made prior to age 9½ may be subject to a 0% federal tax penalty. Surrender charges may also apply according to the terms of the variable annuity contract. The fees and charges reflected in the performance figures shown may not be specific to your annuity contract and, therefore, not reflect the returns your annuity earned. Some portfolios may not be available to existing annuity owners. Generally, each portfolio has broad risks that apply to all portfolios, such as market risk, as well as specific risks of investing in particular types of portfolios. Investing in certain types of portfolios, such as foreign (non-u.s.) securities or small or mid-cap funds, subjects your annuity to greater risk and volatility than the general market. The risks of a fund may be increased by the use of derivatives, such as futures, options and swaps. Please see the contract prospectus and underlying fund prospectus for the specific risks associated with each subaccount. Some portfolios may not be available to existing annuity owners.

2 Returns reflect performance of the investment option assuming a single premium payment at inception date, and are net of all asset-based fees, including the daily mortality and expense risk fee and administrative charge equal to.4% annually, 2b- fees (if any) and all other actual portfolio expenses. Standardized returns in "With Surrender Charge & Contract Fee Deducted" column include a pro rata deduction of the $0 annual contract fee and any surrender charge that would apply if you terminated the contract at the end of each period indicated. Merrill Lynch Investor Choice Annuity - IRA Series L Class surrender charge is a percentage of amount withdrawn (in excess of any surrender charge free amount) and declines as follows: %. Non-standardized returns in "Without Surrender Charge & Contract Fee Deducted" column do not include these charges. IF THEY HAD, PERFORMANCE WOULD BE LOWER. Returns do not include charges for other optional riders, or any taxes that may apply at distribution. IF THEY HAD, PERFORMANCE WOULD BE LOWER. Returns prior to the subaccount inception date are hypothetical and reflect performance as if the annuity was available. The figures in the tables may reflect waiver of advisory fees and reimbursement of other expenses. IN THE ABSENCE OF SUCH WAIVERS, THE PERFORMANCE WOULD HAVE BEEN LOWER. Investment option names may vary from their corresponding portfolio names. Please see the contract prospectus for portfolio names. This material was prepared for general distribution. It is being provided for informational purposes only and should not be viewed as an investment recommendation. If you need advice regarding your particular investment needs, contact a financial professional. TALNYIRALPR08 2 v7. 0//202

3 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 04/0/208 fee deducted as of 04/0/208 Portfolio to 0 to 0 AB Discovery Value Fund - Class A Shares 0/29/ AB International Value Fund - Class A Shares 0/29/ AB Value Fund - Class A Shares 0/29/ AllianzGI NFJ Dividend Value Fund - Class A Shares 0/08/ American Funds - EuroPacific Growth Fund - Class F- Shares # 04/6/ American Funds - The Bond Fund of America - Class F- Shares # 0/28/ American Funds - The Growth Fund of America - Class F- Shares # 2/0/ American Funds - The Income Fund of America - Class F- Shares # 2/0/ American Funds - The Investment Company of America - Class F- Shares # 0/0/ AMG Renaissance Large Cap Growth Fund - Class N Shares 06/0/ BlackRock Advantage International Fund - Investor A Shares 0// BlackRock Advantage Large Cap Core Fund - Investor A Shares 2/22/ BlackRock Advantage Large Cap Value Fund - Investor A Shares 2/22/ BlackRock Advantage U.S. Total Market Fund, Inc. - Investor A Shares ± 0/2/ BlackRock Basic Value Fund, Inc. - Investor A Shares 0/2/ BlackRock Capital Appreciation Fund, Inc. - Investor A Shares 2/24/ BlackRock Global Allocation Fund, Inc. - Investor A Shares 0/2/ BlackRock High Yield Bond Portfolio - Investor A Shares /9/ BlackRock International Fund - Investor A Shares 0/0/ BlackRock Large Cap Focus Growth Fund - Investor A Shares Ø 2/22/ BlackRock Total Return Fund - Investor A Shares 2/07/ BlackRock U.S. Government Bond Portfolio - Investor A Shares 0// Columbia Large Cap Growth Fund III - Class A Shares Ŧ 2// Columbia Mid Cap Growth Fund - Class A Shares 0// Davis New York Venture Fund, Inc. - Class A Shares 02/7/ TALNYIRALPR08 v7. 0//202

4 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 04/0/208 fee deducted as of 04/0/208 Portfolio to 0 to 0 Delaware Smid Cap Growth Fund - Class A Shares Ω 0/27/ Dreyfus Appreciation Fund, Inc. 0/8/ Eaton Vance Floating-Rate Fund - Class A Shares 02/07/ Eaton Vance Large-Cap Value Fund - Class A Shares 09/2/ Federated Equity Income Fund, Inc. - Class A Shares Δ 2/0/ Federated Kaufmann Fund - Class A Shares 02/2/ Invesco Comstock Fund - Class A Shares 0/07/ Invesco Mid Cap Core Equity Fund - Class A Shares 06/09/ Invesco Value Opportunities Fund - Class A Shares 06/2/ ishares S&P 00 Index Fund - Investor A Shares Δ, Φ 07/02/ Janus Henderson Enterprise Fund - Class A Shares Ψ, π 09/0/ Janus Henderson Forty Fund - Class A Shares Д, Ж 0/0/ JPMorgan Small Cap Growth Fund - Class A Shares 07/0/ Lord Abbett Affiliated Fund, Inc. - Class A Shares 0/0/ Lord Abbett Bond-Debenture Fund, Inc. - Class A Shares 04/0/ Lord Abbett Mid-Cap Stock Fund, Inc. - Class A Shares 06/28/ Oppenheimer Capital Appreciation Fund - Class A Shares 0/22/ Oppenheimer Main Street Fund - Class A Shares 02/0/ Oppenheimer Main Street Mid Cap Fund - Class A Shares 08/02/ PIMCO CommodityRealReturn Strategy Fund - Class A Shares 06/28/ PIMCO Low Duration Fund - Class A Shares 0// PIMCO Real Return Fund - Class A Shares 0/29/ PIMCO Total Return Fund - Class A Shares 0// Pioneer Fund - Class A Shares 02// Pioneer High Yield Fund - Class A Shares 02/2/ Pioneer Real Estate Shares Fund - Class A Shares 0/2/ Pioneer Select Mid Cap Growth Fund - Class A Shares 09/0/ TA Asset Allocation - Conservative - Class A Shares 0/0/ TALNYIRALPR08 4 v7. 0//202

5 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 04/0/208 fee deducted as of 04/0/208 Portfolio to 0 to 0 TA Asset Allocation - Moderate - Class A Shares 0/0/ TA Asset Allocation - Moderate Growth - Class A Shares 0/0/ TA Barrow Hanley Dividend Focused - Service Class 0/0/ TA Dividend Focused - Class A Shares 0/04/ TA Flexible Income - Class A Shares 06/29/ TA Greystone International Growth - Service Class 0/02/ TA Jennison Growth - Service Class /8/ TA JPMorgan Mid Cap Value - Service Class 0/0/ TA Multi-Cap Growth - Class A Shares 0/0/ TA Multi-Managed Balanced - Class A Shares 2/02/ TA Small/Mid Cap Value - Class A Shares 04/02/ TA T. Rowe Price Small Cap - Service Class Δ, 0/0/ TA TS&W International Equity - Service Class Δ, 04/08/ TA US Growth - Class A Shares // TA WMC US Growth - Service Class 2// Templeton Growth Fund, Inc. - Class A Shares /29/ Portfolio 7-Day Current Yield 7-Day Effective Yield ly Quarterly ly Quarterly Ready Assets Government Liquidity Fund, TALNYIRALPR08 v7. 0//202

6 ly Performance to Average Annual Total Returns fee deducted as of 04/0/208 0 AB Discovery Value Fund - Class A Shares AB International Value Fund - Class A Shares 0/0/ AB Value Fund - Class A Shares AllianzGI NFJ Dividend Value Fund - Class A Shares 0/0/ American Funds - EuroPacific Growth Fund - Class F- Shares # American Funds - The Bond Fund of America - Class F- Shares # American Funds - The Growth Fund of America - Class F- Shares # American Funds - The Income Fund of America - Class F- Shares # American Funds - The Investment Company of America - Class F- Shares # AMG Renaissance Large Cap Growth Fund - Class N Shares 07/27/ BlackRock Advantage International Fund - Investor A Shares 09/09/ BlackRock Advantage Large Cap Core Fund - Investor A Shares BlackRock Advantage Large Cap Value Fund - Investor A Shares BlackRock Advantage U.S. Total Market Fund, Inc. - Investor A Shares ± BlackRock Basic Value Fund, Inc. - Investor A Shares BlackRock Capital Appreciation Fund, Inc. - Investor A Shares BlackRock Global Allocation Fund, Inc. - Investor A Shares BlackRock High Yield Bond Portfolio - Investor A Shares 09/09/ BlackRock International Fund - Investor A Shares 08/2/ BlackRock Large Cap Focus Growth Fund - Investor A Shares Ø BlackRock Total Return Fund - Investor A Shares BlackRock U.S. Government Bond Portfolio - Investor A Shares 07// Columbia Large Cap Growth Fund III - Class A Shares Ŧ 0/28/ Columbia Mid Cap Growth Fund - Class A Shares 04/08/ Davis New York Venture Fund, Inc. - Class A Shares Delaware Smid Cap Growth Fund - Class A Shares Ω 0/08/ Dreyfus Appreciation Fund, Inc Eaton Vance Floating-Rate Fund - Class A Shares Eaton Vance Large-Cap Value Fund - Class A Shares 0/0/ Federated Equity Income Fund, Inc. - Class A Shares Δ 04/9/ Federated Kaufmann Fund - Class A Shares Invesco Comstock Fund - Class A Shares Invesco Mid Cap Core Equity Fund - Class A Shares Invesco Value Opportunities Fund - Class A Shares 0/20/ ishares S&P 00 Index Fund - Investor A Shares Δ, Φ 04/9/ Janus Henderson Enterprise Fund - Class A Shares Ψ, π 07/06/ Janus Henderson Forty Fund - Class A Shares Д, Ж 07/06/ TALNYIRALPR08 6 v7. 0//202

7 ly Performance to Average Annual Total Returns fee deducted as of 04/0/208 0 JPMorgan Small Cap Growth Fund - Class A Shares 0/0/ Lord Abbett Affiliated Fund, Inc. - Class A Shares Lord Abbett Bond-Debenture Fund, Inc. - Class A Shares Lord Abbett Mid-Cap Stock Fund, Inc. - Class A Shares Oppenheimer Capital Appreciation Fund - Class A Shares Oppenheimer Main Street Fund - Class A Shares Oppenheimer Main Street Mid Cap Fund - Class A Shares PIMCO CommodityRealReturn Strategy Fund - Class A Shares PIMCO Low Duration Fund - Class A Shares 0/0/ PIMCO Real Return Fund - Class A Shares PIMCO Total Return Fund - Class A Shares Pioneer Fund - Class A Shares Pioneer High Yield Fund - Class A Shares Pioneer Real Estate Shares Fund - Class A Shares 0/0/ Pioneer Select Mid Cap Growth Fund - Class A Shares 08/28/ TA Asset Allocation - Conservative - Class A Shares 04/0/ TA Asset Allocation - Moderate - Class A Shares 04/0/ TA Asset Allocation - Moderate Growth - Class A Shares 04/0/ TA Barrow Hanley Dividend Focused - Service Class 08/8/ TA Dividend Focused - Class A Shares 02/0/ TA Flexible Income - Class A Shares /2/ TA Greystone International Growth - Service Class 08/8/ TA Jennison Growth - Service Class 08/8/ TA JPMorgan Mid Cap Value - Service Class 08/8/ TA Multi-Cap Growth - Class A Shares 0/0/ TA Multi-Managed Balanced - Class A Shares 04/0/ TA Small/Mid Cap Value - Class A Shares 0/0/ TA T. Rowe Price Small Cap - Service Class Δ, 08/8/ TA TS&W International Equity - Service Class Δ, 08/8/ TA US Growth - Class A Shares 02/0/ TA WMC US Growth - Service Class 08/8/ Templeton Growth Fund, Inc. - Class A Shares ly 7-Day Current Yield Quarterly ly 7-Day Effective Yield Quarterly Ready Assets Government Liquidity Fund, TALNYIRALPR08 7 v7. 0//202

8 Quarterly Performance Average Annual Total Returns fee deducted as of 0//208 to 0 AB Discovery Value Fund - Class A Shares AB International Value Fund - Class A Shares 0/0/ AB Value Fund - Class A Shares AllianzGI NFJ Dividend Value Fund - Class A Shares American Funds - EuroPacific Growth Fund - Class F- Shares # American Funds - The Bond Fund of America - Class F- Shares # American Funds - The Growth Fund of America - Class F- Shares # American Funds - The Income Fund of America - Class F- Shares # American Funds - The Investment Company of America - Class F- Shares # AMG Renaissance Large Cap Growth Fund - Class N Shares BlackRock Advantage International Fund - Investor A Shares BlackRock Advantage Large Cap Core Fund - Investor A Shares BlackRock Advantage Large Cap Value Fund - Investor A Shares BlackRock Advantage U.S. Total Market Fund, Inc. - Investor A Shares ± 0/0/ /27/207 09/09/ BlackRock Basic Value Fund, Inc. - Investor A Shares BlackRock Capital Appreciation Fund, Inc. - Investor A Shares BlackRock Global Allocation Fund, Inc. - Investor A Shares BlackRock High Yield Bond Portfolio - Investor A Shares 09/09/ BlackRock International Fund - Investor A Shares BlackRock Large Cap Focus Growth Fund - Investor A Shares Ø 08/2/ BlackRock Total Return Fund - Investor A Shares BlackRock U.S. Government Bond Portfolio - Investor A Shares 07// Columbia Large Cap Growth Fund III - Class A Shares Ŧ 0/28/ Columbia Mid Cap Growth Fund - Class A Shares 04/08/ Davis New York Venture Fund, Inc. - Class A Shares Delaware Smid Cap Growth Fund - Class A Shares Ω 0/08/ Dreyfus Appreciation Fund, Inc Eaton Vance Floating-Rate Fund - Class A Shares Eaton Vance Large-Cap Value Fund - Class A Shares 0/0/ Federated Equity Income Fund, Inc. - Class A Shares Δ 04/9/ Federated Kaufmann Fund - Class A Shares Invesco Comstock Fund - Class A Shares Invesco Mid Cap Core Equity Fund - Class A Shares Invesco Value Opportunities Fund - Class A Shares 0/20/ ishares S&P 00 Index Fund - Investor A Shares Δ, Φ 04/9/ Janus Henderson Enterprise Fund - Class A Shares Ψ, π 07/06/ Janus Henderson Forty Fund - Class A Shares Д, Ж 07/06/ TALNYIRALPR08 8 v7. 0//202

9 Quarterly Performance Average Annual Total Returns fee deducted as of 0//208 to 0 JPMorgan Small Cap Growth Fund - Class A Shares 0/0/ Lord Abbett Affiliated Fund, Inc. - Class A Shares Lord Abbett Bond-Debenture Fund, Inc. - Class A Shares Lord Abbett Mid-Cap Stock Fund, Inc. - Class A Shares Oppenheimer Capital Appreciation Fund - Class A Shares Oppenheimer Main Street Fund - Class A Shares Oppenheimer Main Street Mid Cap Fund - Class A Shares PIMCO CommodityRealReturn Strategy Fund - Class A Shares PIMCO Low Duration Fund - Class A Shares 0/0/ PIMCO Real Return Fund - Class A Shares PIMCO Total Return Fund - Class A Shares Pioneer Fund - Class A Shares Pioneer High Yield Fund - Class A Shares Pioneer Real Estate Shares Fund - Class A Shares 0/0/ Pioneer Select Mid Cap Growth Fund - Class A Shares 08/28/ TA Asset Allocation - Conservative - Class A Shares 04/0/ TA Asset Allocation - Moderate - Class A Shares 04/0/ TA Asset Allocation - Moderate Growth - Class A Shares 04/0/ TA Barrow Hanley Dividend Focused - Service Class 08/8/ TA Dividend Focused - Class A Shares 02/0/ TA Flexible Income - Class A Shares /2/ TA Greystone International Growth - Service Class 08/8/ TA Jennison Growth - Service Class 08/8/ TA JPMorgan Mid Cap Value - Service Class 08/8/ TA Multi-Cap Growth - Class A Shares 0/0/ TA Multi-Managed Balanced - Class A Shares 04/0/ TA Small/Mid Cap Value - Class A Shares 0/0/ TA T. Rowe Price Small Cap - Service Class Δ, 08/8/ TA TS&W International Equity - Service Class Δ, 08/8/ TA US Growth - Class A Shares 02/0/ TA WMC US Growth - Service Class 08/8/ Templeton Growth Fund, Inc. - Class A Shares ly 7-Day Current Yield Quarterly ly 7-Day Effective Yield Quarterly Ready Assets Government Liquidity Fund, TALNYIRALPR08 9 v7. 0//202

10 - Performance prior to June 28, 200 reflects the performance of the BlackRock Fundamental Growth Fund, Inc. Δ - Returns for the period prior to the inception of this class of share with 2b- fee are based on historical returns for a class of shares without a 2b- fee, adjusted as if the 2b- fee had been in effect since the inception date. - The seven-day yield refers to the annualized income generated by an investment in the subaccount over a specified seven-day period. For the effective yield, the income earned by an investment in the subaccount is assumed to be reinvested. The yield calculation does not reflect the deduction of surrender charges. See the Prospectus and Statement of Additional Information for further details regarding calculations of yields. π - Class A Shares of Janus Enterprise Fund commenced operations on July 6, Performance shown for Class A Shares for periods prior to July 6, 2009, is derived from the performance of the Fund's Class J Shares, calculated using the fees and expenses (including the maximum initial sales charge) of Class A Shares, without the effect of any fee and expense limitations or waivers. If Class A Shares of the Fund had been available during any period prior to July 6, 2009, the performance shown may have been different. - Actual portfolio inception date is May 4, 94. Performance since inception is shown from January, 90, when the fund adopted its current investment strategy. Ж - Class A Shares of Janus Forty Fund commenced operations on July 6, 2009 after the reorganization of Class A Shares of Janus Adviser Forty Fund ("JAD predecessor fund") into Class A Shares of Janus Forty Fund. Performance shown for Class A Shares for periods prior to July 6, 2009 reflects the historical performance of the Fund's Class A Shares prior to the reorganization, calculated using the fees and expenses of the JAD predecessor fund's Class A Shares, net of any fee and expense limitations or waivers. For the period August, 2000 to September 0, 2004, the performance shown for Class A Shares reflects the historical performance of the JAD predecessor fund's Class S Shares (formerly named Class I Shares). Performance shown for periods prior to August, 2000 reflects the historical performance of other classes of shares of the JAD predecessor fund and the Retirement Shares of Janus Aspen Series - Forty Portfolio (as a result of a separate, prior reorganization of the Retirement Shares into the JAD predecessor fund). Performance shown for periods prior to September 0, 2004 was calculated using the fees and expenses of Class A Shares of the JAD predecessor fund, without the effect of any fee and expense limitations or waivers. If Class A Shares of the Fund had been available during periods prior to July 6, 2009, the performance shown may have been different. # - This subaccount is closed to new investments. Ω - This subaccount is only available to owners that held an investment in this subaccount on February 24, 202. However, if any such owner surrenders all of his or her money from this subaccount after close of business February 24, 202, that owner may not reinvest in this subaccount. - YOU COULD LOSE MONEY BY INVESTING IN THE FUND. ALTHOUGH THE FUND SEEKS TO PRESERVE THE VALUE OF YOUR INVESTMENT AT $.00 PER SHARE, IT CANNOT GUARANTEE IT WILL DO SO. AN INVESTMENT IN THE FUND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. THE FUND'S SPONSOR HAS NO LEGAL OBLIGATION TO PROVIDE FINANCIAL SUPPORT TO THE FUND, AND YOU SHOULD NOT EXPECT THAT THE SPONSOR WILL PROVIDE FINANCIAL SUPPORT TO THE FUND AT ANY TIME. Ŧ - Effective October 28, 206, Columbia Large Cap Growth Fund V merged into Columbia Large Cap Growth Fund III. Д - Effective June, 207 Janus Forty Fund was renamed Janus Henderson Forty Fund. Ψ - Effective June, 207 Janus Enterprise Fund was renamed Janus Henderson Enterprise Fund. - Effective June 2, 207 BlackRock Global Opportunities was renamed BlackRock Advantage International Fund. - Effective June 2, 207 BlackRock Large Cap Core Fund was renamed BlackRock Advantage Large Cap Core Fund. Ø - Effective June 2, 207 BlackRock Large Cap Growth Fund was renamed BlackRock Large Cap Focus Growth Fund. - Effective June 2, 207 BlackRock Large Cap Value Fund was renamed BlackRock Advantage Large Cap Value Fund. Φ - Effective June 9, 207 BlackRock S&P 00 Index Fund was renamed ishares S&P 00 Index Fund. - Effective July, 207 AMG Managers Cadence Capital Appreciation Fund will be reorganized into the AMG Renaissance Large Cap Growth Fund. - Effective August 8, 207 Columbia Acorn International and Templeton Foreign Fund were substituted with Transamerica MFS International Equity VP pursuant to an order received from the Securities and Exchange Commission. Please refer to the prospectus supplement dated August 8, 207 for additional details regarding the substitution. - Effective August 8, 207 Columbia Acorn USA was substituted with Transamerica T. Rowe Price Small Cap VP pursuant to an order received from the Securities and Exchange Commission. Please refer to the prospectus supplement dated August 8, 207 for additional details regarding the substitution. - Effective August 8, 207 Pioneer Emerging Markets was substituted with Transamerica TS&W International Equity VP pursuant to an order received from the Securities and Exchange Commission. Please refer to the prospectus supplement dated August 8, 207 for additional details regarding the substitution. ± - Effective December, 207 BlackRock Value Opportunities Fund, Inc. was renamed BlackRock Advantage U.S. Total Market Fund, Inc. Policy Form MLNY-VA-00 The investment objectives and policies of certain funds may be similar to those of other funds managed by the same investment advisor. No representation is made, and there can be no assurance given, that any fund s investment results will be comparable to the investment results of any other fund, including other funds with the same investment advisor or manager. The fund s investment results may be expected to differ from the results of such other funds due to differences such as portfolio size, investments held, contract and fund expenses and other factors. Transamerica Financial Life Insurance Company is a Transamerica company and member of the Aegon Group. Merrill Lynch Investor Choice Annuity is a registered service mark of Merrill Lynch & Co., Inc., under license to Aegon USA. Annuities issued in New York by Transamerica Financial Life Insurance Company, Harrison, New York. Annuities are underwritten and distributed by Transamerica Capital, Inc. References to Transamerica may pertain to one or all of these companies. Merrill Lynch Investor Choice Annuity was offered through Financial Advisors of Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, New York, NY TALNYIRALPR08 0 v7. 0//202