Advisor s Edge Variable Annuity Product Guide

Advisor’s Edge® Product Guide Advisor’s Edge® Variable Annuity Product Guide This material was prepared for general distribution. It is being provid...
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Advisor’s Edge® Product Guide

Advisor’s Edge® Variable Annuity Product Guide

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. Annuities issued in all states except New York by Transamerica Premier Life Insurance Company, Cedar Rapids, Iowa. Annuities are underwritten and distributed by Transamerica Capital, Inc. References to Transamerica may pertain to one or all of these companies. 12/2016

Advisor’s Edge Highlights Summary Information Only See prospectus for more details. See opposite panel for features available.

Issue Age

• 0 – 85 annuitant and owner.

Minimum Premium

• Nonqualified: $10,000, $500 subsequent. • Qualified: $1,000, $25 subsequent. • No surrender charges during the accumulation phase.

Surrender Charges

If the Life with Emergency Cash annuity payment option is chosen, the maximum surrender charge is 4% during the annuitization phase. May not be available in all states.

Death Benefit Options

• • • •

Mortality & Expense Risk Fee & Administrative Charge (M&E&A) M&E&A is deducted daily and is equal to the percentage of the subaccounts annually.

Policy Value: 0.55%. Return of Premium: 0.60%. Annual Step-Up: 0.75%. Issue age 0 – 75.

(See opposite panel for more details.) The M&E&A after annuitization is 0.55% annually.

Additional Features

(Please see prospectus for details.)

Investment Options

Annual Service Charge

• • • •

Automatic Asset Rebalancing Dollar Cost Averaging Variable and Fixed Annuitization Options Spousal Continuation

• 4  0 subaccounts from 21 money managers. Underlying portfolio expenses will apply. • One- and multi-year guaranteed period options (GPOs) available. May vary by state. • $  30 (waived if premium less withdrawals or policy value equals or exceeds $50,000).

Same sex couples have the right to marry in all states. The parties to each marriage that is valid under the law of any state will be treated as a spouse as defined in this policy. Individuals in other arrangements, such as civil unions, registered domestic partnerships or other similar arrangements, that are not recognized as a valid marriage under relevant state law will not be treated as married or as spouses as defined in this policy for federal tax purposes. Please contact a qualified tax advisor prior to purchasing to discuss how exercising spousal continuation benefits under this contract or any benefits may affect you. Please see the prospectus for more details. Variable annuities are long-term tax-deferred vehicles designed for retirement purposes. They offer three main benefits: tax-deferred treatment of earnings, guaranteed death benefit options, and guaranteed lifetime payout options.

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Advisor’s Edge Variable Annuity Subaccounts by Category1 Asset Allocation2 TA Asset Allocation – Conservative – Initial Class u TA Asset Allocation – Growth – Initial Class u TA Asset Allocation – Moderate Growth – Initial Class u TA Asset Allocation – Moderate – Initial Class u TA Managed Risk – Balanced ETF – Initial Class u TA Managed Risk – Growth ETF – Initial Class u Foreign Stock DFA VA International Small Portfolio DFA VA International Value Portfolio TA Clarion Global Real Estate Securities – Initial Class u TA MFS International Equity – Initial Class u TA TS&W International Equity – Initial Class u Vanguard International Portfolio Wanger International

Portfolio Expenses 0.78% 1.01% 0.94% 0.87% 0.40% 0.42% 0.61% 0.47% 0.89% 1.02% 0.87% 0.40% 1.11%

Small Cap Growth Columbia Variable Portfolio – Small Company Growth Fund – Class 1 TA T. Rowe Price Small Cap – Initial Class u Wanger USA Small Cap Blend TA Small/Mid Cap Value – Initial Class u Small Cap Value DFA VA U.S. Targeted Value Portfolio Fidelity® – VIP Value Strategies Portfolio – Initial Class Vanguard REIT Index Portfolio Mid Cap Growth Fidelity® – VIP Mid Cap Portfolio – Initial Class TA Janus Mid-Cap Growth – Initial Class u Mid Cap Blend Vanguard Mid-Cap Index Portfolio Large Cap Growth Fidelity® – VIP Contrafund® Portfolio – Initial Class TA Multi-Managed Balanced – Initial Class u TA WMC US Growth – Initial Class u Large Cap Blend Federated Managed Tail Risk Fund II – Primary Shares TA JPMorgan Enhanced Index – Initial Class u Vanguard Equity Index Portfolio Large Cap Value DFA VA U.S. Large Value Portfolio Federated Managed Volatility Fund II TA Barrow Hanley Dividend Focused – Initial Class u Fixed Income DFA VA Global Bond Portfolio DFA VA Short-Term Fixed Portfolio Federated Fund for U.S. Government Securities II Federated High Income Bond Fund II – Primary Shares TA PIMCO Total Return – Initial Class u Vanguard Short-Term Investment-Grade Portfolio Vanguard Total Bond Market Index Portfolio Cash Federated Government Money Fund II

Expenses shown are those of the underlying portfolio in which the subaccounts invests. Subaccount names may vary from their corresponding portfolio names. Please see the contract prospectus for portfolio names. Total portfolio management fees and other expenses, less any waiver reductions listed in the prospectus, for fiscal year 2015. 1 Category information supplied by the money managers as of March 9, 2016. 2 Includes acquired fund fees and expenses of underlying funds. uSee more information on the following page.

0.93% 0.82% 1.01% 0.85% 0.39% 0.67% 0.27% 0.63% 0.84% 0.19% 0.63% 0.70% 0.71% 1.05% 0.77% 0.15% 0.29% 1.05% 0.71% 0.26% 0.28% 0.76% 0.77% 0.70% 0.16% 0.15% 0.38%

The investment options listed are available for purchase through Advisor’s Edge. These investment options are not the same as certain mutual funds with similar names that are sold directly to the public. Even though the investment subaccounts and the mutual funds with similar names may have similar or the same investment objectives, policies, and/or managers, their investment performance will be different. Everyone’s circumstances are unique, and your financial professional can help you determine whether these subaccounts are right for you. u

 ll TA Investment options are held within the Transamerica Series Trust – Initial Class, which is an A investment advised by Transamerica Asset Management, Inc.

The following are some of the risks that may be associated with the Advisor’s Edge Variable Annuity subaccounts. Please see the contract prospectus and underlying fund prospectus for the specific risks associated with each subaccount. •T  he ability of the fund to achieve its objective depends largely on the performance of the underlying fund in which it invests. Each underlying fund’s performance, in turn, depends on the particular securities in which that underlying fund invests. Total expenses associated with the fund may be higher than with other mutual funds. •A  sset allocation, an investing strategy of dividing money among many types of investments, can help investors manage risk but cannot guarantee a profit or guard against loss. •A  portfolio that concentrates all or large portion of its assets in a single economic sector or geographic region, or that lacks diversity, is inherently subject to greater volatility. •T  his fund’s investment strategy is intended to smooth out investment performance spikes. Performance gains may not be as strong as might be available in benchmark indices or comparable funds not using volatility controls. •Y  ou could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 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. •S  ecurities rated below investment grade generally entail greater market, credit, and liquidity risks than investment grade securities. • Investing in real estate poses certain risks related to overall and specific economic conditions, credit risk, and interest rate fluctuations, as well as risks related to an individual property due to extended vacancies and uninsured damage losses from natural disasters. •R  isks of a portfolio may be greater due to the smaller size of the companies in which it invests. The small company stocks tend to be more volatile and less liquid than general equity markets. • Investing internationally, globally, or in emerging markets exposes investors to additional risks and expenses such as changes in currency rates, foreign taxation, and differences in auditing and other financial standards not associated with investing domestically. •P  lease keep in mind that a U.S.-backed Government Fund guarantee applies only to the timely payment of principal and interest and does not remove market risks when shares are redeemed. •E  xchange-traded funds (ETFs) generally present the same risks as an investment in a conventional fund that has the same investment objectives, strategies, and policies. The market price of an ETF’s shares may be above or below the shares’ net asset value, and an active trading market for an ETF’s shares may not develop or be maintained. As with all investment options, the underlying portfolio pays commissions and trading fees when it buys and sells securities and may be illiquid due to limited trading. In addition, investors pay management fees of the ETFs in which the underlying portfolio invests. •V  anguard, the ship logo, and Vanguard ETFs are trademarks of The Vanguard Group. Vanguard is the manager of the underlying ETFs in the TA Vanguard ETF Index investment options.

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Additional Features of Advisor’s Edge Withdrawal Information

Transfers

One hundred percent (100%) of cash value may be withdrawn free of surrender charges. Withdrawals of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, a 10% federal tax penalty may apply. • W  ithdrawals can either be taken out as a fixed-dollar amount or a fixed percentage. • S  ystematic withdrawals available. Minimum amount is $50. Minimum amount in NJ is $40. • Lump sum withdrawals subject to $500 minimum. • W  ithdrawals taken from the guaranteed period options (GPOs) in excess of cumulative earnings may be subject to an excess interest adjustment (not applicable in all states).

Purchase Payment • P  olicy Value Death Benefit Option: For issue ages under 80, the total of all premium payments may not exceed $2,000,000 without our prior approval. For issue ages over 80, the total of all premium payments may not exceed $1,000,000 without our prior approval. • R  eturn of Premium and Annual Step-Up Death Benefit Options: For issue ages under 80, the total of all premium payments may not exceed $1,000,000 without our prior approval. For issue ages over 80, the total of all premiums payments may not exceed $500,000 without our prior approval. • T  ransamerica Premier Life reserves the right to refuse any premium payment. Varies by state.

• Twelve free transfers per policy year ($10 fee per transfer thereafter). • T  ransfer out of the GPO without excess interest adjustments by notifying Transamerica Premier Life Insurance Company 30 days prior to end of GPO. See the prospectus for more detailed information.

Death Benefit Options The policy owner selects, at the time of purchase, one of the following three death benefit options: 1) P  olicy Value or Cash Value = The greater of the policy value, cash value, or minimum required cash value as of the date we receive due proof of death and election of a method of settlement. Annual 0.55% (M&E&A), assessed daily. 2) R  eturn of Premium = Premiums paid less any adjusted partial withdrawals as of the date of death. Annual 0.60% (M&E&A), assessed daily. 3) A  nnual Step-Up = Highest policy value on the issue date or any policy anniversary, plus premiums, and less adjusted partial withdrawals that occur after the anniversary with the highest value. Step-ups stop at age 81. Issue age 0 – 75. Annual 0.75% (M&E&A), assessed daily. Death benefits are only effective prior to annuitization and are subject to other conditions. Death benefit proceeds are taxable to the beneficiary. The adjustments due to partial withdrawals will reduce the death benefit amount in direct proportion, or dollar for dollar, to the percentage the policy value was reduced, assuming the policy value is less than the death benefit value. This can increase the amount deducted from the death benefit to be more than the amount withdrawn.

Before investing, consider the variable annuity’s investment objectives, risks, charges, and expenses. Call 877-575-ARIA (2742) for prospectuses containing this information. Read it carefully. All guarantees are subject to the claims-paying ability of Transamerica Premier Life Insurance Company. The underlying funds of the investment options have different strategies and risks; please see the underlying funds’ prospectuses for a complete description of these strategies and risks for the available investment options. Variable annuities are subject to investment risk, including possible loss of principal. The policy value, death benefit, and other values will fluctuate based on the performance of the investment options and may be worth more or less than the total of all premiums paid when surrendered. ariaretirement.com

About Transamerica Premier Life Insurance Company Transamerica Premier Life Insurance Company backs the guarantees provided by the Advisor’s Edge® Variable Annuity and manages its guaranteed fixed account options.

Existing Advisor’s Edge® clients, please go to transamerica.com. Financial advisors and prospective clients, please call 877-575-ARIA (2742). All policies, benefits, and forms may vary by state, and may not be available in all states. AV1056 101 182 1203, Florida AV1061 101 182 1203, Oregon AV1078 101 182 1203, RGMD 13 1203 (OR), RGMD 14 1203 (OR), RGMD 13 1203, RGMD 14 1203.

VPSEA1216 © 2016 Transamerica Capital, Inc.

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