Transamerica Life GROWSafe^2® Funds

If you own Transamerica Life's GROWSafe^2® funds the following will be of interest to you.

Sales of GROWSafe^2®, the second generation of Transamerica Life Insurance Company segregated funds ceased March 31, 2001. While no new purchases are allowed, existing owners of GROWSafe^2® policies may continue to add deposits, increase deposits, change investments within the GROWSafe^2® family of funds. Up to six resets are allowed each year.

As of December 8, 2003, the Canadian 60 Index Fund, U.S. 500 Index Fund, U.S. 21st Century Index Fund, European 100 Index Fund and the Japanese 225 Index Fund were discontinued and existing investments in those funds were reallocated into the Global Growth Fund.

The discontinued U.S. 500 Index Fund, U.S. 21st Century Index Fund, European 100 Index Fund and the Japanese 225 Index Fund were currency-exposed funds. Since 2003 currency fluxuations have worked against returns from these international investments. Their reallocation into the Global Growth Fund currency neutral fund removed the element of short-term currency fluctuations. This discontinuance and reallocation did not affect the guarantees, maturity, or deferred sales charge schedule of the existing policies.

IMPORTANT NOTE: You should know that if you have chosen a successor annuitant for your GROWSafe^2® policies, you have effectively short circuited the 100% death benefit guarantee. By choosing a successor annuitant, there is no guaranteed death benefit and your investment simply transfers to the person you have named at the same market value as was calculated on the day of your death. By choosing beneficiary only, the guaranteed death benefit, which invariably is much more money, would be transferred to your beneficiary. If your beneficiary is your spouse, you would guarantee that he or she would receive the most amount of money without penalty. You should examine your original applications relating to your Transamerica Life investment policies to make certain that you have not chosen this option. If you have, you should discuss changing it with your advisor right now.

Subject to the applicable death and maturity guarantees, any part of the premium or other amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value according to fluctuations in the market value of the assets in the segregated fund.

Segregated Funds are only available to Canadian residents. Persons resident or located in other countries are not eligible to purchase these products or associated services. Within Canada, the information on this web site is not intended to be construed as an offer to sell any insurance products in the province of Quebec.

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