Merrill Lynch Investor Choice Annuity - Investor Series C Class

Transcription

1 Merrill Lynch Investor Choice Annuity - Investor Series C 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 % 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. An investment in the money market subaccount is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although it seeks to preserve the value of your investment at $ per share, it is possible to lose money by investing in the subaccount. 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.60% annually, except for the following funds:.7% for the AFIS Asset Allocation Fund, AFIS Bond Fund, AFIS Growth Fund, AFIS Growth-Income Fund, and AFIS International Fund,.% for the Pioneer High Yield VCT Portfolio, and.0% for the Dreyfus VIF Appreciation Portfolio, Eaton Vance VT Floating-Rate Income Fund, Eaton Vance VT Large-Cap Value Fund, Janus Aspen Forty Portfolio, Janus Aspen Enterprise Portfolio, Oppenheimer Capital Appreciation Fund/VA, Oppenheimer Main Street Fund/VA, Oppenheimer Main Street Small-Cap Fund/VA, Pioneer Fund VCT Portfolio, Pioneer Emerging Markets VCT Portfolio, Templeton Foreign Securities Fund, and Templeton Growth Securities Fund, 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 - Investor Series C Class surrender charge is a percentage of amount withdrawn (in excess of any surrender charge free amount) and declines as follows: 2-0%. 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. TALNYICCPR046

2 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 06/0/206 fee deducted as of 06/0/206 Portfolio to to AB International Value Portfolio - Class A 0// AB Small/Mid Cap Value Portfolio - Class A 0/02/ AB Value Portfolio - Class A 07/22/ American Funds Asset Allocation Fund - Class 2 # 08/0/ American Funds Bond Fund - Class 2 # 0/02/ American Funds Growth Fund - Class 2 # 02/08/ American Funds Growth-Income Fund - Class 2 # 02/08/ American Funds International Fund - Class 2 # 0/0/ BlackRock Basic Value V.I. Fund - Class I 07/0/ BlackRock Capital Appreciation V.I. Fund - Class I 04/0/ BlackRock Global Allocation V.I. Fund - Class I 02/28/ BlackRock Global Opportunities V.I. Fund - Class III 06/0/ BlackRock High Yield V.I. Fund -Class I 04/20/ BlackRock International V.I. Fund - Class I 06// BlackRock Large Cap Core V.I. Fund - Class I 04/20/ BlackRock Large Cap Growth V.I. Fund - Class I 04/0/ BlackRock Large Cap Value V.I. Fund - Class I 04/2/ BlackRock S&P 00 Index V.I. Fund - Class I 2// BlackRock Total Return V.I. Fund - Class I 04/20/ BlackRock U.S. Government Bond V.I. Fund - Class I 0/02/ BlackRock Value Opportunities V.I. Fund - Class I 04/20/ Davis Value Portfolio 07/0/ Dreyfus VIF - Appreciation Portfolio - Service Class #, 04/0/ TALNYICCPR046 2 v7. 0//202

3 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 06/0/206 fee deducted as of 06/0/206 Portfolio to to Eaton Vance VT Floating-Rate Income Fund 0/02/ Eaton Vance VT Large-Cap Value Fund 0/0/ Federated Kaufmann Fund II - Primary Shares 04/0/ Federated Managed Tail Risk Fund II - Primary Shares 06/9/ Invesco V.I. Comstock Fund - Series I 04/0/ Invesco V.I. Mid Cap Core Equity Fund - Series I 09// Invesco V.I. Value Opportunities Fund - Series I 09// Janus Aspen Enterprise Portfolio - Service Shares #, 09// Janus Aspen Forty Portfolio - Service Shares # 0/0/ Oppenheimer Capital Appreciation Fund/VA - Service Class # 04/0/ Oppenheimer Main Street Fund /VA - Service Class # 07/0/ Oppenheimer Main Street Small Cap Fund /VA - Service Class # 0/0/ PIMCO CommodityRealReturn Strategy Portfolio - Administrative Class 06/0/ PIMCO Low Duration Portfolio - Administrative Class 02/6/ PIMCO Real Return Portfolio - Administrative Class 09/0/ PIMCO Total Return Portfolio - Administrative Class 2// Pioneer Emerging Markets VCT Portfolio - Class II /0/ Pioneer Fund VCT Portfolio - Class II # // Pioneer High Yield VCT Portfolio - Class II # 0/0/ TALNYICCPR046 v7. 0//202

4 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 06/0/206 fee deducted as of 06/0/206 Portfolio to to Pioneer Real Estate Shares VCT Portfolio - Class II 0/0/ TA AB Dynamic Allocation - Service Class #, 0/0/ TA Barrow Hanley Dividend Focused - Service Class 0/0/ TA Janus Mid-Cap Growth - Service Class 0/0/ TA Systematic Small/Mid Cap Value- Service Class # 0/04/ TA WMC US Growth - Service Class # 2// Templeton Foreign VIP Fund - Class 2 Shares #, 0/0/ Templeton Growth VIP Fund - Class 2 # 0// Wanger International 0/02/ Wanger USA 0/02/ Portfolio BlackRock Government Money Market V.I. Fund - Class I ±, 7-Day Current Yield 7-Day Effective Yield ly Quarterly ly Quarterly TALNYICCPR046 4 v7. 0//202

5 ly Performance to Average Annual Total Returns fee deducted as of 06/0/206 AB International Value Portfolio - Class A 0/0/ AB Small/Mid Cap Value Portfolio - Class A AB Value Portfolio - Class A American Funds Asset Allocation Fund - Class 2 # American Funds Bond Fund - Class 2 # American Funds Growth Fund - Class 2 # American Funds Growth-Income Fund - Class 2 # American Funds International Fund - Class 2 # BlackRock Basic Value V.I. Fund - Class I 07/0/ BlackRock Capital Appreciation V.I. Fund - Class I 07/4/ BlackRock Global Allocation V.I. Fund - Class I 02/28/ BlackRock Global Opportunities V.I. Fund - Class III 0/0/ BlackRock High Yield V.I. Fund -Class I 02/2/ BlackRock International V.I. Fund - Class I 06// BlackRock Large Cap Core V.I. Fund - Class I 02/2/ BlackRock Large Cap Growth V.I. Fund - Class I 06/8/ BlackRock Large Cap Value V.I. Fund - Class I 0/0/ BlackRock S&P 00 Index V.I. Fund - Class I 2/8/ BlackRock Total Return V.I. Fund - Class I 02/2/ BlackRock U.S. Government Bond V.I. Fund - Class I 0/6/ BlackRock Value Opportunities V.I. Fund - Class I 02/2/ Davis Value Portfolio 07/4/ Dreyfus VIF - Appreciation Portfolio - Service Class #, Eaton Vance VT Floating-Rate Income Fund Eaton Vance VT Large-Cap Value Fund 0/0/ Federated Kaufmann Fund II - Primary Shares 0/0/ Federated Managed Tail Risk Fund II - Primary Shares 0/0/ TALNYICCPR046 v7. 0//202

6 ly Performance to Average Annual Total Returns fee deducted as of 06/0/206 Invesco V.I. Comstock Fund - Series I 0/0/ Invesco V.I. Mid Cap Core Equity Fund - Series I Invesco V.I. Value Opportunities Fund - Series I Janus Aspen Enterprise Portfolio - Service Shares #, 0/0/ Janus Aspen Forty Portfolio - Service Shares # 0/0/ Oppenheimer Capital Appreciation Fund/VA - Service Class # Oppenheimer Main Street Fund /VA - Service Class # Oppenheimer Main Street Small Cap Fund /VA - Service Class # PIMCO CommodityRealReturn Strategy Portfolio - Administrative Class PIMCO Low Duration Portfolio - Administrative Class 04/27/ PIMCO Real Return Portfolio - Administrative Class PIMCO Total Return Portfolio - Administrative Class 07/4/ Pioneer Emerging Markets VCT Portfolio - Class II 0/0/ Pioneer Fund VCT Portfolio - Class II # Pioneer High Yield VCT Portfolio - Class II # Pioneer Real Estate Shares VCT Portfolio - Class II 0/0/ TA AB Dynamic Allocation - Service Class #, 0/0/ TA Barrow Hanley Dividend Focused - Service Class 02/0/ TA Janus Mid-Cap Growth - Service Class 2/29/ TA Systematic Small/Mid Cap Value- Service Class # 0/0/ TA WMC US Growth - Service Class # 0/0/ Templeton Foreign VIP Fund - Class 2 Shares #, Templeton Growth VIP Fund - Class 2 # Wanger International 04/27/ Wanger USA TALNYICCPR046 6 v7. 0//202

7 7-Day Current Yield 7-Day Effective Yield ly Quarterly ly Quarterly BlackRock Government Money Market V.I. Fund - Class I ±, TALNYICCPR046 7 v7. 0//202

8 Quarterly Performance Average Annual Total Returns fee deducted as of 06/0/206 to AB International Value Portfolio - Class A 0/0/ AB Small/Mid Cap Value Portfolio - Class A AB Value Portfolio - Class A American Funds Asset Allocation Fund - Class 2 # American Funds Bond Fund - Class 2 # American Funds Growth Fund - Class 2 # American Funds Growth-Income Fund - Class 2 # American Funds International Fund - Class 2 # BlackRock Basic Value V.I. Fund - Class I 07/0/ BlackRock Capital Appreciation V.I. Fund - Class I 07/4/ BlackRock Global Allocation V.I. Fund - Class I 02/28/ BlackRock Global Opportunities V.I. Fund - Class III 0/0/ BlackRock High Yield V.I. Fund -Class I 02/2/ BlackRock International V.I. Fund - Class I 06// BlackRock Large Cap Core V.I. Fund - Class I 02/2/ BlackRock Large Cap Growth V.I. Fund - Class I 06/8/ BlackRock Large Cap Value V.I. Fund - Class I 0/0/ BlackRock S&P 00 Index V.I. Fund - Class I 2/8/ BlackRock Total Return V.I. Fund - Class I 02/2/ BlackRock U.S. Government Bond V.I. Fund - Class I 0/6/ BlackRock Value Opportunities V.I. Fund - Class I 02/2/ Davis Value Portfolio 07/4/ Dreyfus VIF - Appreciation Portfolio - Service Class #, Eaton Vance VT Floating-Rate Income Fund Eaton Vance VT Large-Cap Value Fund 0/0/ Federated Kaufmann Fund II - Primary Shares 0/0/ Federated Managed Tail Risk Fund II - Primary Shares 0/0/ TALNYICCPR046 8 v7. 0//202

9 Quarterly Performance Average Annual Total Returns fee deducted as of 06/0/206 to Invesco V.I. Comstock Fund - Series I 0/0/ Invesco V.I. Mid Cap Core Equity Fund - Series I Invesco V.I. Value Opportunities Fund - Series I Janus Aspen Enterprise Portfolio - Service Shares #, 0/0/ Janus Aspen Forty Portfolio - Service Shares # Oppenheimer Capital Appreciation Fund/VA - Service Class # 0/0/ Oppenheimer Main Street Fund /VA - Service Class # Oppenheimer Main Street Small Cap Fund /VA - Service Class # PIMCO CommodityRealReturn Strategy Portfolio - Administrative Class PIMCO Low Duration Portfolio - Administrative Class 04/27/ PIMCO Real Return Portfolio - Administrative Class PIMCO Total Return Portfolio - Administrative Class 07/4/ Pioneer Emerging Markets VCT Portfolio - Class II 0/0/ Pioneer Fund VCT Portfolio - Class II # Pioneer High Yield VCT Portfolio - Class II # Pioneer Real Estate Shares VCT Portfolio - Class II 0/0/ TA AB Dynamic Allocation - Service Class #, 0/0/ TA Barrow Hanley Dividend Focused - Service Class 02/0/ TA Janus Mid-Cap Growth - Service Class 2/29/ TA Systematic Small/Mid Cap Value- Service Class # 0/0/ TA WMC US Growth - Service Class # 0/0/ Templeton Foreign VIP Fund - Class 2 Shares #, Templeton Growth VIP Fund - Class 2 # Wanger International 04/27/ Wanger USA TALNYICCPR046 9 v7. 0//202

10 7-Day Current Yield 7-Day Effective Yield ly Quarterly ly Quarterly BlackRock Government Money Market V.I. Fund - Class I ±, TALNYICCPR046 v7. 0//202

11 # - 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. - Performance prior to August 6, 20 reflects the performance of the Transamerica Convertible Securities VP fund. - Because Service shares were first available on December, 2000, performance is based on the performance of Initial shares prior to that date. The historical performance of the Fund's Service shares prior to December, 2000 has not been adjusted to reflect the higher operating expenses of the Service shares; if these expenses had been reflected, such performance would have been lower. - This subaccount is closed to new investments. ± - Effective September, 20, BlackRock Money Market V.I. Fund - Class I, was renamed BlackRock Government Money Market V.I. Fund - Class I. - Effective on or about May, 206, Transamerica Morgan Stanley Mid-Cap Growth VP subadvised by Morgan Stanley Investment Management Inc. was renamed Janus Mid-Cap Growth VP subadvised by Janus Capital Management. Policy Form MLNY-VA-0 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. Merrill Lynch Investor Choice Annuity is a flexible premium variable annuity issued by Transamerica Financial Life Insurance Company, Harrison, NY. Merrill Lynch Investor Choice Annuity was offered through Financial Advisors of Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, New York, NY 080. Underwritten and distributed by Transamerica Capital, Inc. TALNYICCPR046 v7. 0//202