Merrill Lynch Investor Choice Annuity - IRA Series B Class

Transcription

1 Merrill Lynch Investor Choice Annuity - IRA Series B 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. 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.2% 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 B 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. TALNYIRABPR08

2 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 0//20 fee deducted as of 0//20 Portfolio AB Discovery Value Fund - Class A # 0/29/ to to AB International Value Fund - Class A 0/29/ AB Value Fund - Class A 0/29/ AllianzGI NFJ Dividend Value Fund - Class A 0/08/ American Funds - EuroPacific Growth Fund - Class F- 04/6/ American Funds - The Bond Fund of America - Class F- 0/28/ American Funds - The Growth Fund of America - Class F- 2/0/ American Funds - The Income Fund of America - Class F- 2/0/ American Funds - The Investment Company of America - Class F- 0/0/ AMG Managers Cadence Capital Appreciation Fund - Investor Class 0/08/ BlackRock Basic Value Fund, Inc. - Investor A 0/2/ BlackRock Capital Appreciation Fund, Inc. - Investor A 2/24/ BlackRock Global Allocation Fund, Inc. - Investor A 0/2/ BlackRock Global Opportunities Portfolio - Investor A 0// BlackRock High Yield Bond Portfolio - Investor A /9/ BlackRock International Fund - Investor A 0/0/ BlackRock Large Cap Core Fund - Investor A 2/22/ BlackRock Large Cap Growth Fund - Investor A 2/22/ TALNYIRABPR08 2 v7. 0//202

3 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 0//20 fee deducted as of 0//20 Portfolio BlackRock Large Cap Value Fund - Investor A 2/22/ to to BlackRock S&P 00 Index Fund - Investor A ±, 07/02/ BlackRock Total Return Fund - Investor A 2/07/ BlackRock U.S. Government Bond Portfolio - Investor A 0// BlackRock Value Opportunities Fund, Inc. - Investor A 0/2/ Columbia Acorn International - Class A 0// Columbia Acorn USA - Class A 0// Columbia Marsico Growth Fund - Class A 2// Columbia Mid Cap Growth Fund - Class A 0// Davis New York Venture Fund, Inc. - Class A 02/7/ Delaware Smid Cap Growth Fund - Class A Ø 0/27/ Dreyfus Appreciation Fund, Inc. 0/8/ Eaton Vance Floating-Rate Fund - Class A 02/07/ Eaton Vance Large-Cap Value Fund - Class A 09/2/ Federated Equity Income Fund, Inc. - Class A 2/0/ Federated Kaufmann Fund - Class A 02/2/ Invesco Comstock Fund - Class A 0/07/ Invesco Mid Cap Core Equity Fund - Class A 06/09/ Invesco Value Opportunities Fund - Class A 06/2/ Janus Enterprise Fund - Class A Ŧ 09/0/ TALNYIRABPR08 v7. 0//202

4 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 0//20 fee deducted as of 0//20 Portfolio Janus Forty Fund - Class A Ω 0/0/ to to JPMorgan Multi-Cap Market Neutral Fund - Class A 0/2/ JPMorgan Small Cap Growth Fund - Class A 07/0/ Lord Abbett Affiliated Fund, Inc. - Class A Δ 0/0/ Lord Abbett Bond-Debenture Fund, Inc. - Class A 04/0/ Lord Abbett Mid-Cap Stock Fund, Inc. - Class A 06/28/ Oppenheimer Capital Appreciation Fund - Class A 0/22/ Oppenheimer Main Street Fund - Class A 02/0/ Oppenheimer Main Street Mid Cap Fund - Class A 08/02/ PIMCO CommodityRealReturn Strategy Fund - Class A 06/28/ PIMCO Low Duration Fund - Class A 0// PIMCO Real Return Fund - Class A 0/29/ PIMCO Total Return Fund - Class A 0// Pioneer Emerging Markets Fund - Class A 06/2/ Pioneer Fund - Class A 02// Pioneer High Yield Fund - Class A 02/2/ Pioneer Real Estate Fund - Class A 0/2/ Pioneer Select Mid Cap Growth Fund - Class A 09/0/ TA Dividend Focused - Class A 0/04/ TA Flexible Income - Class A 06/29/ TA Growth Opportunities - Class A 0/0/ TALNYIRABPR08 4 v7. 0//202

5 Portfolio ly Performance Adjusted Historical Average Annual Returns Without surrender charge & contract fee deducted as of 0//20 fee deducted as of 0//20 Portfolio TA Small/Mid Cap Value - Class A 04/02/ to to TA US Growth - Class A // Templeton Foreign Fund - Class A 0/0/ Templeton Growth Fund, Inc. - Class A /29/ Portfolio 7-Day Current Yield 7-Day Effective Yield ly Quarterly ly Quarterly Ready Assets Prime Money Fund Φ TALNYIRABPR08 v7. 0//202

6 ly Performance to Average Annual Total Returns fee deducted as of 0//20 0 AB Discovery Value Fund - Class A # AB International Value Fund - Class A 0/0/ AB Value Fund - Class A AllianzGI NFJ Dividend Value Fund - Class A 0/0/ American Funds - EuroPacific Growth Fund - Class F American Funds - The Bond Fund of America - Class F American Funds - The Growth Fund of America - Class F American Funds - The Income Fund of America - Class F American Funds - The Investment Company of America - Class F AMG Managers Cadence Capital Appreciation Fund - Investor Class 0/0/ BlackRock Basic Value Fund, Inc. - Investor A 07/0/ BlackRock Capital Appreciation Fund, Inc. - Investor A 07/0/ BlackRock Global Allocation Fund, Inc. - Investor A 07/0/ BlackRock Global Opportunities Portfolio - Investor A 09/09/ BlackRock High Yield Bond Portfolio - Investor A 09/09/ BlackRock International Fund - Investor A 08/2/ BlackRock Large Cap Core Fund - Investor A BlackRock Large Cap Growth Fund - Investor A BlackRock Large Cap Value Fund - Investor A BlackRock S&P 00 Index Fund - Investor A ±, 04/9/ BlackRock Total Return Fund - Investor A 07/0/ BlackRock U.S. Government Bond Portfolio - Investor A 07// BlackRock Value Opportunities Fund, Inc. - Investor A 07/0/ Columbia Acorn International - Class A 0/0/ Columbia Acorn USA - Class A Columbia Marsico Growth Fund - Class A 0/0/ Columbia Mid Cap Growth Fund - Class A 04/08/ TALNYIRABPR08 6 v7. 0//202

7 ly Performance to Average Annual Total Returns fee deducted as of 0//20 0 Davis New York Venture Fund, Inc. - Class A 07/0/ Delaware Smid Cap Growth Fund - Class A Ø 0/08/ Dreyfus Appreciation Fund, Inc Eaton Vance Floating-Rate Fund - Class A Eaton Vance Large-Cap Value Fund - Class A 0/0/ Federated Equity Income Fund, Inc. - Class A 04/9/ Federated Kaufmann Fund - Class A Invesco Comstock Fund - Class A 07/0/ Invesco Mid Cap Core Equity Fund - Class A Invesco Value Opportunities Fund - Class A 0/20/ Janus Enterprise Fund - Class A Ŧ 07/06/ Janus Forty Fund - Class A Ω 07/06/ JPMorgan Multi-Cap Market Neutral Fund - Class A 06/0/ JPMorgan Small Cap Growth Fund - Class A 0/0/ Lord Abbett Affiliated Fund, Inc. - Class A Δ Lord Abbett Bond-Debenture Fund, Inc. - Class A 07/0/ Lord Abbett Mid-Cap Stock Fund, Inc. - Class A 07/0/ Oppenheimer Capital Appreciation Fund - Class A Oppenheimer Main Street Fund - Class A 07/0/ Oppenheimer Main Street Mid Cap Fund - Class A PIMCO CommodityRealReturn Strategy Fund - Class A PIMCO Low Duration Fund - Class A 0/0/ PIMCO Real Return Fund - Class A PIMCO Total Return Fund - Class A 07/0/ Pioneer Emerging Markets Fund - Class A 0/0/ Pioneer Fund - Class A Pioneer High Yield Fund - Class A TALNYIRABPR08 7 v7. 0//202

8 ly Performance to Average Annual Total Returns fee deducted as of 0//20 0 Pioneer Real Estate Fund - Class A 0/0/ Pioneer Select Mid Cap Growth Fund - Class A 08/28/ TA Dividend Focused - Class A 02/0/ TA Flexible Income - Class A /2/ TA Growth Opportunities - Class A 0/0/ TA Small/Mid Cap Value - Class A 0/0/ TA US Growth - Class A 02/0/ Templeton Foreign Fund - Class A 07/0/ Templeton Growth Fund, Inc. - Class A 07/0/ ly 7-Day Current Yield Quarterly ly 7-Day Effective Yield Quarterly Ready Assets Prime Money Fund Φ TALNYIRABPR08 8 v7. 0//202

9 Quarterly Performance Average Annual Total Returns fee deducted as of 09/0/20 to 0 AB Discovery Value Fund - Class A # AB International Value Fund - Class A 0/0/ AB Value Fund - Class A AllianzGI NFJ Dividend Value Fund - Class A American Funds - EuroPacific Growth Fund - Class F- American Funds - The Bond Fund of America - Class F- American Funds - The Growth Fund of America - Class F- American Funds - The Income Fund of America - Class F- American Funds - The Investment Company of America - Class F- AMG Managers Cadence Capital Appreciation Fund - Investor Class 0/0/2007 0/0/ BlackRock Basic Value Fund, Inc. - Investor A BlackRock Capital Appreciation Fund, Inc. - Investor A BlackRock Global Allocation Fund, Inc. - Investor A BlackRock Global Opportunities Portfolio - Investor A 07/0/200 07/0/200 07/0/200 09/09/ BlackRock High Yield Bond Portfolio - Investor A 09/09/ BlackRock International Fund - Investor A 08/2/ BlackRock Large Cap Core Fund - Investor A BlackRock Large Cap Growth Fund - Investor A BlackRock Large Cap Value Fund - Investor A BlackRock S&P 00 Index Fund - Investor A ±, 04/9/ BlackRock Total Return Fund - Investor A BlackRock U.S. Government Bond Portfolio - Investor A BlackRock Value Opportunities Fund, Inc. - Investor A 07/0/200 07//20 07/0/ Columbia Acorn International - Class A 0/0/ Columbia Acorn USA - Class A Columbia Marsico Growth Fund - Class A 0/0/ Columbia Mid Cap Growth Fund - Class A 04/08/ TALNYIRABPR08 9 v7. 0//202

10 Quarterly Performance Average Annual Total Returns fee deducted as of 09/0/20 to 0 Davis New York Venture Fund, Inc. - Class A 07/0/ Delaware Smid Cap Growth Fund - Class A Ø 0/08/ Dreyfus Appreciation Fund, Inc Eaton Vance Floating-Rate Fund - Class A Eaton Vance Large-Cap Value Fund - Class A 0/0/ Federated Equity Income Fund, Inc. - Class A 04/9/ Federated Kaufmann Fund - Class A Invesco Comstock Fund - Class A 07/0/ Invesco Mid Cap Core Equity Fund - Class A Invesco Value Opportunities Fund - Class A 0/20/ Janus Enterprise Fund - Class A Ŧ 07/06/ Janus Forty Fund - Class A Ω JPMorgan Multi-Cap Market Neutral Fund - Class A 07/06/ /0/ JPMorgan Small Cap Growth Fund - Class A 0/0/ Lord Abbett Affiliated Fund, Inc. - Class A Δ Lord Abbett Bond-Debenture Fund, Inc. - Class A 07/0/ Lord Abbett Mid-Cap Stock Fund, Inc. - Class A 07/0/ Oppenheimer Capital Appreciation Fund - Class A Oppenheimer Main Street Fund - Class A Oppenheimer Main Street Mid Cap Fund - Class A PIMCO CommodityRealReturn Strategy Fund - Class A 07/0/ PIMCO Low Duration Fund - Class A 0/0/ PIMCO Real Return Fund - Class A PIMCO Total Return Fund - Class A 07/0/ Pioneer Emerging Markets Fund - Class A 0/0/ Pioneer Fund - Class A Pioneer High Yield Fund - Class A TALNYIRABPR08 0 v7. 0//202

11 Quarterly Performance Average Annual Total Returns fee deducted as of 09/0/20 to 0 Pioneer Real Estate Fund - Class A 0/0/ Pioneer Select Mid Cap Growth Fund - Class A 08/28/ TA Dividend Focused - Class A 02/0/ TA Flexible Income - Class A /2/ TA Growth Opportunities - Class A 0/0/ TA Small/Mid Cap Value - Class A 0/0/ TA US Growth - Class A 02/0/ Templeton Foreign Fund - Class A 07/0/ Templeton Growth Fund, Inc. - Class A 07/0/ ly 7-Day Current Yield Quarterly ly 7-Day Effective Yield Quarterly Ready Assets Prime Money Fund Φ TALNYIRABPR08 v7. 0//202

12 - Returns for 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. - Performance prior to June 28, 200 reflects the performance of the BlackRock Fundamental Growth Fund, Inc. Φ - 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. Ŧ - Class A of Janus Enterprise Fund commenced operations on July 6, Performance shown for Class A for periods prior to July 6, 2009, is derived from the performance of the Fund's Class J, calculated using the fees and expenses (including the maximum initial sales charge) of Class A, without the effect of any fee and expense limitations or waivers. If Class A of the Fund had been available during any period prior to July 6, 2009, the performance shown may have been different. Δ - Actual portfolio inception date is May 4, 94. Performance since inception is shown from January, 90, when the fund adopted its current investment strategy. Ω - Class A of Janus Forty Fund commenced operations on July 6, 2009 after the reorganization of Class A of Janus Adviser Forty Fund ("JAD predecessor fund") into Class A of Janus Forty Fund. Performance shown for Class A for periods prior to July 6, 2009 reflects the historical performance of the Fund's Class A prior to the reorganization, calculated using the fees and expenses of the JAD predecessor fund's Class A, net of any fee and expense limitations or waivers. For the period August, 2000 to September 0, 2004, the performance shown for Class A reflects the historical performance of the JAD predecessor fund's Class S (formerly named Class I ). 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 of Janus Aspen Series - Forty Portfolio (as a result of a separate, prior reorganization of the Retirement into the JAD predecessor fund). Performance shown for periods prior to September 0, 2004 was calculated using the fees and expenses of Class A of the JAD predecessor fund, without the effect of any fee and expense limitations or waivers. If Class A 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. Ø - 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. # - Effective January 20, 20, AllianceBernstein Discovery Value Fund was renamed AB Discovery Value Fund. - Effective January 20, 20, AllianceBernstein International Value Fund was renamed AB International Value Fund. - Effective January 20, 20, AllianceBernstein Value Fund was renamed AB Value Fund. ± - Effective June 0, 20, BlackRock S&P 00 Stock Fund was renamed BlackRock S&P 00 Index Fund. 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. 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 Underwritten and distributed by Transamerica Capital, Inc. TALNYIRABPR08 2 v7. 0//202