EXHIBIT (8)(a)(1) AMENDMENT NO. 34 TO PARTICIPATION AGREEMENT (ATST)

EXHIBIT (8)(a)(1)

AMENDMENT NO. 34 TO PARTICIPATION AGREEMENT

(ATST)

AMENDMENT NO. 34 TO

PARTICIPATION AGREEMENT AMONG

AEGON/TRANSAMERICA SERIES TRUST,

TRANSAMERICA LIFE INSURANCE COMPANY,

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY,

PEOPLES BENEFIT LIFE INSURANCE COMPANY, AND

TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY

The Participation Agreement, dated July 1, 1992, as amended (“Agreement”) among AEGON/Transamerica Series Trust (the “Fund”), Transamerica Life Insurance Company (“Transamerica”), Transamerica Financial Life Insurance Company (“TFLIC”), Peoples Benefit Life Insurance Company (“Peoples”), and Transamerica Occidental Life Insurance Company (“TOLIC”) 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 May 1, 2006

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 D Retirement Builder Variable Annuity Account Transamerica Financial Life Insurance Company Separate Account C Peoples Benefit Life Insurance Company Separate Account V Legacy Builder Variable Life Separate Account TFLIC Series Life Account TFLIC Series Annuity Account Transamerica Occidental Life Separate Account VUL-3 Separate Account VA E Separate Account VA F Transamerica Occidental Life Insurance Company Separate Account VUL-4 Transamerica Occidental Life Insurance Company Separate Account VUL-5 Transamerica Life Insurance and Annuity Company on behalf of its Separate Account VA-8 Separate Account VA J Transamerica Occidental Life Insurance Company Separate Account VUL-6 TA PPVUL 1 Separate Account VA K Separate Account VA H Separate Account VA G Separate Account VA-2LNY Separate Account VA-2L Separate Account VA A 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

Separate Account Q NY

Separate Account VA W

Separate Account VA WNY

TFLIC Separate Account VNY

Separate Account VA X

Separate Account VA Y

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 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 Premier Variable Annuity Immediate Income Builder II Premier Asset Builder Variable Annuity TransAccumulator^SM VUL TFLIC Freedom Wealth Protector Advantage V Retirement Income Builder Variable Annuity Retirement Income Builder – BAI Variable Annuity Dreyfus Advisor Advantage Variable Annuity Dreyfus Access Advantage 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 Select Variable Annuity^SM 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 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 Transamerica Freedom Variable Annuity TFLIC Freedom Elite Builder III TransSurvivor^SM Life VUL TransAccumulator^® VUL TransUltra^® VUL

Portfolios: AEGON/Transamerica Series Trust. – each Portfolio has an Initial Class and a Service Class of Shares AEGON Bond Asset Allocation – Conservative Portfolio Asset Allocation – Growth Portfolio Asset Allocation – Moderate Portfolio Asset Allocation – Moderate Growth Portfolio American Century International American Century Large Company Value Capital Guardian U.S. Equity Capital Guardian Global Capital Guardian Value Clarion Global Real Estate Securities Federated Growth & Income Great Companies – America^sm Great Companies – Technology^sm International Moderate Growth Fund JPMorgan Enhanced Index JPMorgan Mid Cap Value Janus Growth Xxxxxxxx Growth Xxxxxxx Growth Mercury Large Cap Value MFS High Yield Munder Net50 PIMCO Total Return Salomon All Cap Select+ Aggressive Select+ Conservative Select+ Growth & Income Xxxxxxxxx Great Companies Global X. Xxxx Price Equity Income X. Xxxx Price Growth Stock X. Xxxx Price Small Cap Third Avenue Value Transamerica Balanced Transamerica Equity Transamerica Convertible Securities Transamerica Growth Opportunities Transamerica Money Market Transamerica Small/Mid Cap Value Transamerica U.S. Government Securities Transamerica Value Balanced Xxx Xxxxxx Active International Allocation Xxx Xxxxxx Large Cap Core Xxx Xxxxxx Mid-Cap Growth

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 May 1, 2006.

AEGON/TRANSAMERICA SERIES TRUST						TRANSAMERICA LIFE INSURANCE COMPANY
By its authorized officer,						By its authorized officer,
By:		/s/ T. Xxxxxxx Xxxxxxx, XX				By:		/s/ Xxxxxxxxx X. Hehcler
		T. Xxxxxxx Xxxxxxx, XX						Xxxxxxxxx X. Xxxxxxx
Title:		Vice President and Counsel				Title:		Assistant Secretary
TRANSAMERICA FINANCIAL						PEOPLES BENEFIT LIFE INSURANCE
LIFE INSURANCE COMPANY						COMPANY
By its authorized officer,						By its authorized officer,
By:		/s/ Xxxxxxxxx X. Xxxxxxx				By:		/s/ Xxxxxxxxx X. Xxxxxxx
		Xxxxxxxxx X. Xxxxxxx						Xxxxxxxxx X. Xxxxxxx
Title:		Assistant Vice President				Title:		Assistant Vice President
		and Assistant Secretary						and Assistant Secretary
TRANSAMERICA OCCIDENTAL
LIFE INSURANCE COMPANY
By its authorized officer,
By:		/s/ Xxxxxxxxx X. Xxxxxxx
		Xxxxxxxxx X. Xxxxxxx
Title:		Assistant Vice President
		and Assistant Secretary