Beginning December 24, 2009, the 3-year initial interest rate guarantee period option for the Transamerica Select annuity will no longer be available for new sales.

We will continue to accept Transamerica Select applications for the 3-year initial interest rate guarantee period option provided (a) the application is signed prior to December 24, 2009 and (b) the application is received by us in good order in our Cedar Rapids office prior to January 7, 2010.

If we receive a signed application dated December 24, 2009 or later for the 3-year initial interest rate guarantee period, the application will be considered "not in good order" and will not be approved for issue. We will contact you. The policy owner will need to choose a different initial interest rate guarantee period before we can issue the policy. The election may be made on our recorded telephone lines (866-835-8868) or in writing.

If an application dated prior to December 24, 2009 is received by us on or after January 7, 2010, we will consider the application as not in good order and will require a new application with a current signature date and, for a Transamerica Select product application, specification of an initial interest rate guarantee period of at least four years in order to proceed to issue.

An updated version of the illustration software for Transamerica Life Insurance Company's Deferred Annuity Products (version 8.60) will be available on TransACT on Wednesday, December 23, 2009, after 2:00 p.m., Pacific Time. Version 8.60 removes the 3-year option from the initial interest rate guarantee periods that may be illustrated