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May 2014Merrill Lynch Investor Choice Annuity IRA SeriesA flexible premium variable annuityTransamerica Advisors Life Insurance Company of New YorkContract ProspectusVariable annuities issued by Transamerica Advisors Life Insurance Company of New York in Harrison, New York.Annuities are underwritten and distributed by Transamerica Capital, Inc.

ML of New York Variable AnnuitySeparate Account D (the “Separate Account”)Flexible Premium Individual DeferredVariable Annuity Contract (the “Contract”)issued byTransamerica Advisors Life Insurance Company ofNew YorkHome Office: 440 Mamaroneck AvenueHarrison, New York 10528Service Center: 4333 Edgewood Road NECedar Rapids, Iowa 52499-0001Phone: (800) 333-6524ProspectusMay 1, 2014Merrill Lynch InvestorChoice Annuity (IRA Series)offered throughTransamerica Capital, Inc.This Prospectus describes a flexible premium individual deferred variable annuity contract issued byTransamerica Advisors Life Insurance Company of New York (“we” or “us”). The Contract allows the owner(or “you”) to accumulate an account value, and later apply the annuity value to receive fixed annuity payments.This Prospectus provides basic information that you should know before investing. Please read it carefully andkeep it for future reference. We no longer offer the Contract for sale to new purchasers.The Contract must be issued as an IRA Contract, Roth IRA Contract, or SEP IRA Contract, or purchasedthrough an established IRA, Roth IRA, SIMPLE IRA, or SEP IRA custodial account with Merrill Lynch,Pierce, Fenner & Smith Incorporated (“MLPF&S”). Please note that prior to September 25, 2007, this Contractwas permitted to be issued in connection with a retirement arrangement under Section 403(b) of the InternalRevenue Code (i.e., a tax sheltered annuity contract). However, effective September 25, 2007, we no longeraccept any additional contributions from any source to your 403(b) Contract. In addition, effectiveSeptember 25, 2007, we prohibit the issue of a 403(b) Contract in an exchange for the 403(b) contract orcustodial account of another provider. The Contract itself does not provide the tax advantages typicallyprovided by a variable annuity. The tax advantages available with this Contract exist solely throughqualified contracts or accounts. If this Contract is not issued or purchased as such, the taxes on gainswill not be deferred. You should carefully consider the advantages and disadvantages of owning avariable annuity in a tax-qualified plan, as well as the costs and benefits of the Contract (including theannuity income and death benefits), before you purchase the Contract in a tax-qualified plan.The account value you accumulate under the Contract will fluctuate daily, based on the investmentperformance of the Separate Account’s subaccounts in which you invest. Each subaccount invests in oneunderlying portfolio. We do not guarantee how any of the portfolios will perform. Investing in this Contractinvolves risks, including possible loss of some or all of your investment.Replacing your existing annuity or life insurance policy with this Contract may not be to youradvantage.When you purchase your Contract, you must select one of four Classes of the Contract, eachof which has a different surrender charge and asset-based insurance charge. The fouravailable Classes of the Contract are:Ź B ClassŹ L ClassŹ C ClassŹ XC ClassIf you select the XC Class, we will add a bonus amount to your account value each time you make a premiumpayment. In certain circumstances, we may take back all or a portion of the bonus amount. The overallexpenses for the XC Class will be higher than the expenses for a similar Contract that does not pay a bonusamount. Selecting the XC Class may be beneficial to you only if you own the Contract for a sufficient length oftime, and the investment performance of the Separate Account’s subaccounts in which you invest is sufficientto compensate for its higher expenses. Over time, the value of the bonus amount(s) could be more than offsetby higher expenses.

The subaccounts available under this contract invest in underlying funds (“Funds”) of the Portfolio companieslisted below:AIM Growth Series (Invesco Growth Series)AIM Sector Funds (Invesco Sector Funds)The AllianceBernstein TrustAllianz FundsAMG FundsBlackRock Basic Value Fund, Inc.BlackRock Bond Fund, Inc.BlackRock Capital Appreciation Fund, Inc.BlackRock FundsBlackRock Funds IIBlackRock Funds IIIBlackRock Global Allocation Fund, Inc.BlackRock Series Inc.BlackRock Large Cap Series Fund, Inc.BlackRock Value Opportunities Fund, Inc.Columbia Acorn TrustColumbia Funds Series TrustColumbia Mid Cap Growth FundDavis New York Venture Fund, Inc.Dreyfus Appreciation Fund, Inc.Eaton Vance Mutual Funds TrustEaton Vance Special Investment TrustFederated Equity FundsJPMorgan Trust IIJanus Investment FundLord Abbett Affiliated Fund, Inc.Lord Abbett Bond-Debenture Fund, Inc.Lord Abbett Mid Cap Stock Fund, Inc.Oppenheimer Capital Appreciation FundOppenheimer Main Street Funds , Inc.Oppenheimer Main Street Small - & Mid-Cap Fund PIMCO FundsPioneer Emerging Markets FundPioneer FundPioneer Select Mid Cap Growth FundPioneer High Yield FundPioneer Real Estate Shares FundReady Assets Prime Money FundTempleton FundsTempleton Growth Fund, Inc.Transamerica FundsFor a complete list of the available subaccounts, please refer to “Appendix A – Portfolios Associated with theSubaccounts”. More detailed information concerning the Funds available through this Contract and theirinvestment objectives, strategies, policies, risks, and expenses is contained in each Fund’s prospectus. Each yearwhile you own the Contract, we will send you the current Fund prospectuses or summary prospectuses. You mayalso obtain a prospectus for any of the Funds by contacting our Service Center. In addition, if you receive asummary prospectus for a Fund, you may obtain a full statutory prospectus by referring to the contactinformation for the Fund company on the cover page of the summary prospectus. Please read the currentprospectus or summary prospectus for each of the Funds carefully before investing and retain them forfuture reference.The Funds available under this Contract are also available for direct purchase by the general public outside ofan annuity or life insurance contract. If you purchase shares of these Funds directly from a broker-dealer ormutual fund company, you won’t pay Contract or Separate Account charges, but you also won’t have annuityoptions, death benefits or other optional benefits available. Because of these additional Contract and SeparateAccount charges, which affect account values and subaccount returns, you should refer only to informationregarding the Funds available through the Company, rather than to information that may be available throughalternate sources.2

Purchases and Redemptions of Fund Shares; Reinvestment. The Separate Account will purchase and redeemshares of the Funds at net asset value to provide benefits under the Contract. Fund distributions to the SeparateAccount are automatically reinvested at net asset value in additional shares of the Funds.To learn more about the Contract, you may want to read the Statement of Additional Information dated May 1,2014 (known as the “SAI”). For a free copy of the SAI, simply call or write us at the phone number or addressof our Service Center referenced earlier in this Prospectus. We have filed the SAI with the U.S. Securities andExchange Commission (“SEC”) and have incorporated it by reference into this Prospectus. (It is legally a partof this Prospectus.) The SAI’s table of contents appears at the end of this Prospectus.The SEC maintains a web site that contains the SAI, material incorporated by reference, and other informationregarding registrants that file electronically with the SEC. The address of the site is http://www.sec.gov.The Securities and Exchange Commission has not approved these Contractsor determined that this Prospectus is accurate or complete. Anyrepresentation to the contrary is a criminal offense.Although this Prospectus is primarily designed for potential purchasers of the Contract, you may havepreviously purchased a Contract and are receiving this Prospectus as a current contract owner. If you are acurrent contract owner, you should note that the options, features, and charges of the Contract may vary overtime and generally you may not change your Contract or its features as issued. For more information about theparticular options, features, and charges applicable to you, please contact your Financial Advisor, and/or referto your Contract.NOT FDICINSUREDMAY LOSE VALUE3NO BANKGUARANTEE

Table of ContentsDEFINITIONS .6FEE TABLE .Most Recently Ended Fiscal Years .Examples .81010CAPSULE SUMMARY OF THE CONTRACT.Your Contract in General .The Classes .Premiums .Transfers Among Subaccounts .Partial Withdrawals, Guaranteed Lifetime Amount, and Surrender .Death Benefits .Annuity Payments.Fees and Charges .Ten Day Right to Review (“Free Look”) .Replacement of Contracts .1313141415161717171819TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY OF NEW YORK AND THE SEPARATEACCOUNT .Transamerica Advisors Life Insurance Company of New York.The Separate Account .Segregation of Separate Account Assets.Subaccount Investments.1919191920INVESTMENTS OF THE SEPARATE ACCOUNT .General Information and Investment Risks .The Funds .Certain Payments We Receive With Regard to the Funds.Selection of Underlying Funds .Other Share Classes and Portfolios .Purchases and Redemptions of Fund Shares; Reinvestment.Substitution of Investments .2020202021222222FEATURES AND BENEFITS OF THE CONTRACT.Ownership of the Contract .Issuing the Contract .Ten Day Right to Review (“Free Look”) .Classes .Bonus Payment and Recapture .Premiums .Accumulation Units .How Are My Contract Transactions Priced? .How Do We Determine The Number of Units?.Transfers Among Subaccounts .Dollar Cost Averaging Program .Asset Allocation Program .Rebalancing Program.Partial Withdrawals .Surrenders .Signature Guarantee.Death of Annuitant Prior to Annuity Date .Death Benefit .Payment of Death Benefit.Spousal Beneficiary Continuation Option .Payments to Contract Owners.Contract Changes .Annuity Payments.Annuity Options.How We Determine Present Value of Future Guaranteed Annuity Payments.Guaranteed Minimum Income Benefit .Guaranteed Minimum Withdrawal Benefit.Inactive Contract 3444549594

CHARGES, DEDUCTIONS, AND CREDITS .Asset-Based Insurance Charge .Surrender Charge .How The Surrender Charge Works.Pro Rata Deductions .Contract Fee .Transfer Fee .GMDB Charge .GMIB Charge .GMWB Charge .Other Charges .Contract Credits .606060616161626262636364TAX INFORMATION .64PERFORMANCE INFORMATION .71OTHER INFORMATION .Financial Condition of the Company .Notices and Elections .Voting Rights .Reports to Contract Owners .Changes to the Separate Account .Selling the Contract .State Regulation .Abandoned or Unclaimed Property .Legal Proceedings.Experts .Registration Statements .727273747474747575767676ACCUMULATION UNIT VALUES.77TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION.APPENDIX A – Portfolios Associated With The Subaccounts .APPENDIX B – Example of Bonus Payment and Recapture .APPENDIX C – Example of Maximum Anniversary Value GMDB.APPENDIX D – Example of GMIB .APPENDIX E – Example of GMWB .APPENDIX F – GMIB and GMWB Investment Categories.APPENDIX G – GMWB Tax Examples .APPENDIX H – Example of RMD Calculations under the GMWB.APPENDIX I – Example of RMD Calculations under the GMWB .1281291341351361371381391401415