AMENDMENT NO. 38 TO PARTICIPATION AGREEMENT (TST)

EXHIBIT 8(b)(8)

AMENDMENT NO. 38 TO PARTICIPATION AGREEMENT (TST)

AMENDMENT NO. 38 TO

PARTICIPATION AGREEMENT AMONG

TRANSAMERICA SERIES TRUST,

TRANSAMERICA LIFE INSURANCE COMPANY,

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY, AND

MONUMENTAL LIFE INSURANCE COMPANY

The Participation Agreement, dated July 1, 1992, as amended (“Agreement”) among Transamerica Series Trust (the “Fund”), Transamerica Life Insurance Company (“Transamerica”), Transamerica Financial Life Insurance Company (“TFLIC”), and Monumental Life Insurance Company (“Monumental”) is hereby amended as follows:

Schedule A of the Agreement is deleted in its entirety and replaced with the following Amended Schedule A:

AMENDED SCHEDULE A

Effective November 1, 2008

Account(s), Policy(ies) and Portfolio(s)

Subject to the Participation Agreement

Accounts: Separate Account VA B Separate Account VA BNY Mutual Fund Account Separate Account VA A Separate Account VA C Separate Account VA CC Separate Account VA D Separate Account VA EE Retirement Builder Variable Annuity Account TFLIC Separate Account C Separate Account VUL-A TFLIC Series Life Account TFLIC Series Annuity Account Separate Account VA E Separate Account VA F Separate Account VUL-1 of Transamerica Life insurance Company Separate Account VUL-2 of Transamerica Life insurance Company Separate Account VUL-3 of Transamerica Life insurance Company Separate Account VUL-4 of Transamerica Life insurance Company Separate Account VUL-5 of Transamerica Life insurance Company Separate Account VUL-6 of Transamerica Life insurance Company Separate Account VA-8 Separate Account VA J TA PPVUL 1 Separate Account VA K Separate Account VA-2LNY Separate Account VA-2L Separate Account VL A AES Private Placement VA Separate Account Separate Account VA L Separate Account VA P PFL Corporate Account One Separate Account VA R Separate Account VA S

				Separate Account VA Q
Accounts:				Separate Account VA GNY Separate Account VA HNY Separate Account QNY Separate Account VA W Separate Account VA WNY Separate Account VA YNY Separate Account VA WM TFLIC Separate Account VNY Separate Account VA X Separate Account VA Y Separate Account VA Z Separate Account VA-6 Separate Account VA-6NY Separate Account VA-7 Separate Account VL Transamerica Occidental Separate Account Two Transamerica Corporate Separate Account Sixteen
Policies:				Transamerica Landmark Variable Annuity Transamerica Landmark NY Variable Annuity The Atlas Portfolio Builder Variable Annuity Transamerica EXTRA Variable Annuity Transamerica Access Variable Annuity Retirement Income Builder II Variable Annuity Advisor’s Edge® Variable Annuity Advisors’s Edge Select® Variable Annuity Advisor’s Edge® Variable Annuity (NY) Legacy Builder Plus TFLIC Financial Freedom Builder Transamerica Elite Privilege Select Variable Annuity Estate Enhancer Variable Life TransSurvivor Life Variable Universal Life TransMark Optimum Choice Variable Annuity TransUltra® Variable Universal Life TFLIC Freedom Elite Builder TFLIC Freedom PremierSM Immediate Income Builder II Premier Asset Builder Variable Annuity TransAccumulatorSM VUL TFLIC Freedom Wealth Protector Advantage V Retirement Income Builder Variable Annuity Retirement Income Builder – BAI Variable Annuity Dreyfus/Transamerica Triple Advantage® Variable Annuity (NY) Dreyfus/Transamerica Triple Advantage® Variable Annuity Transamerica Variable Life Advisor’s Edge Select Private Placement Transamerica Preferred Advantage Variable Annuity Portfolio SelectSM Variable Annuity Flexible Premium Variable Annuity – A Flexible Premium Variable Annuity – B Flexible Premium Variable Annuity – C Flexible Premium Variable Annuity – D Flexible Premium Variable Annuity – E

				Flexible Premium Variable Annuity – G
Policies:				TFLIC Freedom Elite Builder II Flexible Premium Variable Annuity – H Advisor’s Edge® NY Variable Annuity Flexible Premium Variable Annuity – I Flexible Premium Variable Annuity – J Flexible Premium Variable Annuity – K Flexible Premium Variable Annuity – L Flexible Premium Variable Annuity – N Flexible Premium Variable Annuity – O Flexible Premium Variable Annuity – P Flexible Premium Variable Annuity – GM Transamerica Freedom Variable Annuity TransSurvivorSM Life VUL TransAccumulator® VUL TransUltra® VUL Transamerica Classic® Variable Annuity Transamerica Catalyst® Variable Annuity Transamerica Classic® Variable Annuity (NY) Transamerica Bounty® Variable Annuity Inheritance Builder Plus TransEquity Flexible Premium Variable Life Insurance TransEquity II Flexible Premium Variable Life Insurance Advantage V Advantaage VI Advantage SE Advantage X TransSurvivor TransUltra TransAccumulator VUL
Portfolios:		Transamerica Series Trust – each Portfolio has an Initial Class and a Service Class of Shares except as noted
				Transamerica American Century Large Company Value VP Transamerica Asset Allocation – Conservative VP Transamerica Asset Allocation – Growth VP Transamerica Asset Allocation – Moderate VP Transamerica Asset Allocation – Moderate Growth VP Transamerica Balanced VP Transamerica BlackRock Large Cap Value VP Transamerica Capital Guardian Global VP Transamerica Capital Guardian U.S. Equity VP Transamerica Capital Guardian Value VP Transamerica Clarion Global Real Estate Securities VP Transamerica Convertible Securities VP Transamerica Efficient Markets VP Transamerica Equity VP Transamerica Equity II VP (Service Class Shares currently not being offered) Transamerica Federated Market Opportunity VP Transamerica Growth Opportunities VP Transamerica Index 50 VP Transamerica Index 75 VP Transamerica International Moderate Growth VP

				Transamerica JPMorgan Core Bond VP Transamerica JPMorgan Enhanced Index VP
Portfolios:				Transamerica JPMorgan Mid Cap Value VP Transamerica Xxxxxxxx Growth VP Transamerica Xxxx Xxxxx Partners All Cap VP Transamerica MFS High Yield VP Transamerica MFS International Equity VP Transamerica Xxxxxxx Growth VP Transamerica Money Market VP Transamerica Munder Net50 VP Transamerica PIMCO Total Return VP Transamerica Science & Technology VP Transamerica Small/Mid Cap Value VP Transamerica X. Xxxx Price Equity Income VP Transamerica X. Xxxx Price Growth Stock VP Transamerica X. Xxxx Price Small Cap VP Transamerica Xxxxxxxxx Global VP Transamerica Third Avenue Value VP Transamerica U.S. Government Securities VP Transamerica Value Balanced VP Transamerica Xxx Xxxxxx Active International Allocation VP Transamerica Xxx Xxxxxx Large Cap Core VP Transamerica Xxx Xxxxxx Mid-Cap Growth VP

IN WITNESS WHEREOF, each of the parties has caused this Amendment to be executed in its name and on its behalf by its duly authorized representative, effective as of November 1, 2008.

TRANSAMERICA SERIES TRUST						TRANSAMERICA LIFE INSURANCE COMPANY
By its authorized officer,						By its authorized officer,
By:		/s/    Xxxxxxxxxxx X. Xxxxxxx				By:		/s/    Xxxxxx X. Xxxxx
		Xxxxxxxxxxx X. Xxxxxxx						Xxxxxx X. Xxxxx
Title:		Vice President				Title:		Vice President
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY						MONUMENTAL LIFE INSURANCE COMPANY
By its authorized officer,						By its authorized officer,
By:		/s/ Xxxxxx X. Xxxxx				By:		/s/ Xxxxxx X. Xxxxxxx
		Xxxxxx X. Xxxxx						Xxxxxx X. Xxxxxxx
Title:		Vice President				Title:		Vice President