Transamerica Life GROWSafe^3® Funds

If you are a current owner of Transamerica Investment Portfolio funds {TIP], previously known as GROWSafe^3® funds then the following important information relates to you and your investments.

Sales of TIP/GROWSafe^3® funds ceased as of August 29, 2003. While no new purchases are allowed, existing owners of TIP/GROWSafe^3® policies may continue to add deposits, increase deposits, change investments within the TIP/GROWSafe^3® family of funds. Up to two resets of policy values are allowed each year.

On October 22, 2003 Transamerica Life's Imaxx Canadian Fixed Pay fund, Imaxx US Equity Value fund, Imaxx Canadian Equity Value fund were made available in the TIP/GROWSafe^3® family of funds.

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.

On August 16, 2004 the Aggressive Growth Asset Allocation fund name and investment objective changed to the Global Growth Fund.

If you previously had several policies with different index funds in each one, it is possible that you have now ended up with the same Global Growth Fund in each of your policies. A possible better balancing of your investments might be to choose a different qualifying fund from the list below for each of those policies.

IMPORTANT NOTE: You should know that if you have chosen a successor annuitant for your TIP/GROWSafe^3® 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.

WARNING: Do not allow anyone, advisors or otherwise, to convince you to transfer your investment funds from the family of TIP/GROWSafe^3® funds listed below to any other investment type until you are satisfied that you have received all of the guaranteed moneys that you are entitled to. There have been incidents of financial advisors who do not understand the Transamerica Life TIP/GROWSafe^3® guarantees, advising policy holders to move their investments to other types of investments. Once you have given up your guarantees by moving elsewhere, no matter how much money you have lost and how much you cry, there is no going back.

If you would like to rebalance your TIP/GROWSafe^3® policy, you have the following selection of funds below to choose from.

In the fund chart below, ISC stands for Initial Sales Charge which is a negotiable client fee of up to 5.0% of the amount invested. DSC stands for Deferred Sales Charge to the new policy holder which if the policy holder cashed out in the first year of purchase would be a 6.0% surrender charge but each year of ownership would reduce the surrender charge so that at the end of 6 years, the charge would be 0%.

Current TIP/GROWSafe^3® fund values may be obtained daily by clicking here

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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The names "Transamerica", "GrowSafe", GROWSafe^2®, GROWSafe^3® and Imaxx are federally registered trademarks and service marks of the Transamerica Corporation.
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