Liquidation: MERRILL LYNCH LIFE VARIABLE ANNUITY SEPARATE ACCOUNT D

Form Type: 497

Filing Date: 2025-07-15

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525159081

Filing Summary: Effective at market close on September 8, 2025, all classes of BlackRock Impact Mortgage Fund will be closed to new and subsequent investments. Effective on or about September 19, 2025, the subaccount will be liquidated due to the liquidation of the underlying portfolio. Shares of the Portfolio held in the subaccount will be exchanged for shares of the Transamerica BlackRock Government Money Market VP of equal value on the Liquidation Date. After the Liquidation Date, automated transfer features such as Rebalancing Program or Dollar Cost Averaging with the subaccount for the Portfolio will no longer be available. The Supplement updates certain information in the referenced prospectus while preserving all other information.

Form Type: 497

Filing Date: 2025-07-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525159084

Filing Summary: Effective at market close on September 8, 2025, all classes of BlackRock Impact Mortgage Fund will be closed to new and subsequent investments. On or about September 19, 2025, due to the liquidation of the underlying portfolio, the subaccount will be liquidated. Shares of the Portfolio held in the Subaccount will be exchanged for shares of the Transamerica BlackRock Government Money Market VP of equal value on the Liquidation Date. As of the start of business on the Liquidation Date, automated transfer features will no longer be usable with the Subaccount for the Portfolio. Individuals using these features should contact the company to make alternate arrangements.