497

TRANSAMERICA ADVISORS LIFE

INSURANCE COMPANY

Merrill Lynch Life Variable Annuity

Separate Account C

Supplement dated August 26, 2015

To the Prospectus for

MERRILL LYNCH CONSULTS ANNUITY®

(Dated May 1, 2008)

 

TRANSAMERICA FINANCIAL LIFE

INSURANCE COMPANY

ML of New York Variable Annuity

Separate Account C

Supplement dated August 26, 2015

To the Prospectus for

MERRILL LYNCH CONSULTS ANNUITY®

(Dated May 1, 2008)

Effective on or about September 1, 2015, based on changes to the underlying fund portfolio, the following changes apply to the applicable subaccount:

 

OLD SUBACCOUNT NAME   NEW SUBACCOUNT NAME   OLD PORTFOLIO NAME   NEW PORTFOLIO NAME
BlackRock Money Market V.I. Fund   BlackRock Government Money Market V.I. Fund   BlackRock Money Market V.I. Fund   BlackRock Government Money Market V.I. Fund

All references to the subaccount name and portfolio name in the prospectus are hereby amended as noted above.