Beginning August 24, 2009, the 2-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 2-year initial interest rate guarantee period option provided (a) the application is signed prior to August 24, 2009 and (b) the application is received by us in our Cedar Rapids office prior to September 23, 2009.

If we receive an application dated after August 23, 2009 for the 2-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 or in writing.

If an application dated prior to August 24, 2009 is received by us after September 22, 2009, we will consider the application as not in good order and will require a new application with a current signature date and specification of a different initial interest rate guarantee period in order to proceed to issue.

An updated version of the illustration software for Transamerica Life Insurance Company's Deferred Annuity Products (version 8.50) will be available on TransACT on Friday, August 21, 2009, after 2:00 p.m., Pacific Time. Version 8.50 removes the 2-year option from the initial interest rate guarantee periods that may be illustrated. An interest rate update will also be posted at the same time. Version 8.50 of the illustration software must be downloaded first to accept the interest rate update.