Intelligent Life Variable Universal Life Insurance Intelligent Life Survivorship Variable Universal Life Insurance

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1 TIAA-CREF Life Insurance Company (TIAA Life) Life) Intelligent Life Variable Universal Life Insurance Intelligent Life Survivorship Variable Universal Life Insurance Current subaccount performance period ending March 31, 2018 TIAA Life Fixed Account current crediting rate is 3.75%¹ Fixed Account guaranteed minimum crediting rate is 3.00%¹ Performance shown represents past performance only. Past performance is not an estimate or guarantee of future performance. Your contract value and the actual investment return of the subaccounts will fluctuate in response to market conditions and the specific portfolios you choose so that your contract, when redeemed, may be worth more or less than the amount of your purchase payments. Please refer to the section of the prospectus entitled Policy Benefits and Risks Summary for a description of the relationship between investment performance and contract benefits. inception date Average annual total return (including hypothetical data) Fund inception date Ytd 1 year 3 year 5 year 10 year Since fund inception Domestic equity Large-Cap Franklin Mutual Shares VIP-Class 1 3/9/ /8/ % 0.75% 3.63% 6.98% 5.04% 6.49% PVC Equity Income Account - Class 1 3/9/2006 4/28/ % 11.64% 8.34% 10.19% 7.68% 7.55% Prudential Series Fund-Value Portfolio-Class II 3/9/2006 5/14/ % 8.01% 4.25% 7.74% 5.57% 4.83% TIAA-CREF Life Large-Cap Value 3/9/ /28/ % 4.42% 5.75% 8.96% 6.72% 8.32% Prudential Series Fund-Jennison 20/20 Focus Portfolio-Class II 3/9/2006 2/15/ % 21.32% 9.85% 11.43% 7.82% 6.26% Neuberger Berman AMT Large-Cap Value Portfolio - Class I 3/9/2006 3/22/ % 6.65% 6.35% 8.88% 4.81% 7.35% TIAA-CREF Life Growth & Income 3/9/2006 4/3/ % 15.60% 9.72% 12.65% 9.03% 4.98% TIAA-CREF Life Social Choice 3/9/2006 4/3/ % 13.95% 8.74% 10.82% 8.27% 4.46% TIAA-CREF Life Stock Index 3/9/2006 1/4/ % 12.65% 9.12% 11.88% 8.55% 5.47% Janus Henderson Forty Portfolio 2 3/9/2006 5/1/ % 22.42% 12.27% 15.24% 8.17% 10.51% ClearBridge Variable Growth Portfolio 4/26/ /1/ % 5.94% 2.55% 11.08% 9.84% 6.99% MFS Growth Series-Initial Class 3 3/9/2006 7/24/ % 24.82% 12.71% 14.60% 10.33% 8.45% MFS Massachusetts Investors Growth Stock Portfolio 3/27/2015 5/6/ % 18.79% 9.87% 12.10% 8.96% 5.25% TIAA-CREF Life Growth Equity 3/9/2006 4/3/ % 25.84% 12.12% 15.49% 10.21% 2.67% DFA VA US Large Value Portfolio 5/1/2012 1/12/ % 11.08% 8.98% 11.48% 8.40% 8.64% 1

2 inception date Average annual total return (including hypothetical data) Fund inception date Ytd 1 year 3 year 5 year 10 year Since fund inception Domestic equity (cont.) Vanguard VIF Capital Growth Portfolio 12/12/ /3/ % 19.97% 12.37% 15.37% 11.11% 11.41% Vanguard VIF Equity Index Portfolio 12/12/2014 4/29/ % 12.77% 9.59% 12.08% 8.35% 8.59% Mid-Cap Neuberger Berman AMT Mid-Cap Intrinsic Value Portfolio - Class I 3/9/2006 8/22/ % 8.93% 4.54% 10.02% 7.80% 7.65% Janus Henderson Mid Cap Value Portfolio 4 3/9/2006 5/1/ % 6.14% 7.40% 8.52% 7.28% 9.79% PVC Mid-Cap Account - Class /23/ /18/ % 15.00% 8.51% 12.48% 11.34% 11.95% Wanger U.S.A. 3/9/2006 5/3/ % 16.81% 9.02% 11.02% 9.43% 10.85% Wanger Select 3/9/2006 2/1/ % 17.15% 10.64% 11.30% 8.18% 9.59% Matson Money U.S. Equity VI Portfolio 2/18/2014 2/18/ % 8.42% 7.01% 7.10% Vanguard VIF Mid-Cap Index Portfolio 12/12/2014 1/8/ % 11.14% 6.73% 11.06% 8.97% 9.14% Small-Cap Delaware VIP Small-Cap Value-Std Class 3/9/ /27/ % 5.03% 8.08% 9.98% 9.49% 9.93% Royce Capital Fund Micro-Cap Portfolio-Investment Class 3/9/ /27/ % 5.25% 2.45% 3.70% 3.43% 8.80% Royce Capital Fund Small-Cap Portfolio-Investment Class 3/9/ /27/ % 5.29% 1.79% 6.62% 6.24% 9.50% TIAA-CREF Life Small-Cap Equity 3/9/ /28/ % 9.72% 8.06% 11.61% 9.34% 10.40% Franklin Small-Mid Cap Growth VIP-Class 1 3/9/ /1/ % 15.90% 5.11% 10.34% 8.57% 7.78% ClearBridge Variable Small-Cap Growth Portfolio 3/9/ /8/ % 23.60% 8.55% 10.96% 10.37% 8.12% DFA VA US Targeted Value Portfolio 5/1/ /3/ % 6.47% 6.78% 10.23% 8.44% 9.82% Vanguard VIF Small Company Growth Portfolio 12/12/2014 6/3/ % 17.24% 9.27% 12.67% 11.34% 9.96% International equity Large-Cap Delaware VIP International Value Equity-Std Class 3/9/ /29/ % 11.59% 4.93% 4.76% 1.72% 5.81% Templeton Developing Markets VIP-Class 1 3/9/2006 3/4/ % 22.89% 8.35% 2.73% 1.91% 2.91% TIAA-CREF Life International Equity 3/9/2006 4/3/ % 19.12% 5.96% 7.04% 2.07% 2.33% Janus Henderson Overseas Portfolio 3,6 3/9/2006 5/1/ % 19.24% 3.77% 2.14% -0.48% 7.76% MFS Global Equity Series-Initial Class 3/9/2006 5/3/ % 11.46% 6.65% 8.38% 6.62% 6.58% DFA VA International Value Portfolio 5/1/ /3/ % 16.39% 5.71% 5.95% 1.28% 5.71% John Hancock Emerging Markets Value Trust 12/12/2014 5/1/ % 18.26% 8.14% 2.74% 1.95% 2.60% DFA VA Equity Allocation Portfolio 7/10/2017 7/10/ % Mid-Cap Wanger International 3/9/2006 5/3/ % 22.38% 7.71% 6.95% 5.02% 11.17% DFA VA International Small Portfolio 5/1/ /3/ % 18.34% 10.74% 9.33% 5.39% 6.39% Matson Money International Equity VI Portfolio 2/18/2014 2/18/ % 15.59% 6.91% 3.72% Fixed income Delaware VIP Diversified Income-Std Class 3/9/2006 5/16/ % 1.57% 0.58% 1.05% 3.93% 4.40% PIMCO Global Bond-Unhedged-Institutional Class 3/9/2006 1/31/ % 6.12% 2.68% 0.27% 2.56% 3.80% TIAA-CREF Life Bond 3/9/2006 7/8/ % 0.67% 0.93% 1.33% 2.80% 2.87% 2

3 inception date Average annual total return (including hypothetical data) Fund inception date Ytd 1 year 3 year 5 year 10 year Since fund inception Fixed income (cont.) PIMCO Real Return-Institutional Class 3/9/2006 4/10/ % 0.03% 0.27% -1.19% 2.27% 4.81% Western Asset Variable GL High Yield Bond Portfolio - Class I 4/26/2007 5/1/ % 2.82% 3.67% 2.49% 5.64% 5.40% T. Rowe Price Limited-Term Bond Portfolio 3/5/2012 5/13/ % -0.45% -0.26% -0.34% 0.84% 2.78% DFA VA Global Bond Portfolio 5/1/2012 1/12/ % -0.08% 0.24% 0.47% 2.05% 3.83% DFA VA Short-Term Fixed Portfolio 5/1/ /3/ % -0.21% -0.34% -0.47% 0.04% 1.78% DFA VIT Inflation Protected Securites Portfolio 6/17/2016 5/29/ % -0.34% 0.06% PIMCO VIT Emerging Markets Bond Portfolio - Inst. Class 11/1/2013 4/30/ % 3.15% 4.78% 1.99% 2.94% Matson Money Fixed Income VI Portfolio 2/18/2014 2/18/ % -1.17% -0.90% -0.73% Vanguard VIF High Yield Bond Portfolio 12/12/2014 6/3/ % 2.16% 3.25% 3.41% 5.71% 5.06% Vanguard VIF Total Bond Market Index Portfolio 12/12/2014 4/29/ % 0.09% 0.08% 0.69% 2.48% 4.47% Balanced Franklin Income VIP-Class 1 3/9/2006 1/24/ % 3.12% 3.51% 4.49% 5.15% 7.58% Calamos Growth & Income 7 3/9/2006 5/19/ % 10.02% 6.56% 7.31% 5.87% 6.19% PIMCO All Asset-Institutional Class 3/9/2006 1/31/ % 7.54% 4.49% 2.31% 3.92% 4.08% DFA VA Global Allocation Portfolio 11/1/2013 4/8/ % 8.51% 5.15% 6.05% TIAA-CREF Life Balanced 2/14/2014 1/31/ % 7.51% 4.65% 5.51% Sector specific MFS Utilities Series-Initial Class 3/9/2006 1/3/ % 3.63% 1.03% 4.75% 5.28% 10.12% TIAA-CREF Life Real Estate 3/9/ /28/ % 2.36% 2.15% 6.56% 5.86% 9.41% Prudential Series Fund- Natural Resources Portfolio-Class II 3/9/2006 4/28/ % -3.57% -6.10% -7.62% -5.73% 2.90% VY Clarion Global Real Estate Portfolio-Class I 5/1/2010 1/3/ % 3.48% -0.57% 2.58% 2.53% 3.70% PIMCO VIT Commodity Real Return Strategy Portfolio - Inst. Class 11/1/2013 4/30/ % 2.73% -3.59% % -8.61% Credit Suisse Trust- Commodity Return Strategy Portfolio 11/1/2003 2/28/ % 2.14% -4.19% -9.33% -8.50% -4.74% T. Rowe Price Health Sciences Portfolio I 12/12/ /29/ % 15.16% 3.64% 16.52% 15.38% 10.02% Vanguard VIF Real Estate Index Portfolio 8 12/12/2014 1/8/ % -4.12% 0.17% 4.93% 5.45% 8.81% Other TIAA-CREF Life Money Market (Current Yield 0.49%, Effective Yield 0.50%) 9,10 3/9/2006 7/8/ % 0.00% -0.50% -0.68% -0.56% 0.41% 3

4 1 Based upon TIAA Life s claims-paying ability. 2 Formerly Janus Aspen Forty-Inst. Shares 3 Closed to new investors effective Ferbruary 18, Formerly Janus Aspen Perkins Mid-Cap Value-Inst. Shares 5 Closed to new investors effective August 15, Formerly Janus Aspen Overseas-Inst. Shares 7 Effective July 30, 2012, the Calamos Growth & Income Portfolio is closed to new investors. 8 Formerly Vanguard VIF REIT Index Portfolio 9 The 7-Day Current Yield of 0.49% is as of 03/31/2018 (Effective Yield 0.50%). The yield quotation more closely reflects the current earnings of the fund than does the total real return quotation. 10 Money Market Funds are not insured or guaranteed by the FDIC or any other government agency. Although the funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. 4

5 Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call or go to TIAA.org/prospectuses for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing. TIAA Life products may be subject to market and other risk factors. See the applicable product literature, or visit for details. Beginning July 7, 2011, part or all of the investment management fees of the TIAA-CREF Life Money Market Fund may be voluntarily waived. Without this waiver, current and effective annualized yields and total returns would be lower. This fee waiver may be discontinued at any time without notice. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call or go to TIAA.org/prospectuses for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing. For time periods predating the Inception Date but not the Fund Inception Date, hypothetical performance is shown based upon the Fund Inception Date, applying contract charges assessed at the Separate Account level to approximate the performance the subaccount would have achieved. The method of calculating extended performance may vary over time. The performance shown reflects fees and charges assessed by each subaccount s underlying Fund and current mortality and expense risk and administrative risk charges deducted from separate account assets. Some Fund advisors have agreed to limit their expenses; without these limits, performance would have been lower. The returns shown do not reflect the individual cost of insurance or premium taxes levied by some states. Had these fees and charges been deducted, the performance quoted would have been lower. Before purchasing a Variable Life contract, you should obtain an illustration of values that reflects all charges applicable to your contract. Your registered representative can provide you with a personalized illustration. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products. Variable Universal Life Insurance, policy form series AM-SVUL.2 and AM-SVUL.3 (2008); and Survivorship Variable Universal Life Insurance, policy form series AM-JVUL.3 (2008), are issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Not available in all states TIAA-CREF Life Insurance Company (TIAA Life), 730 Third Avenue, New York NY

6 TIAA CREF Life Insurance Company (TIAA Life) TIAA Investment Management Group Asset Allocation Models Intelligent Life Variable Universal Life Intelligent Life Survivorship Variable Universal Life Current Active asset allocation models performance ending March 31, 2018 Performance shown represents past performance only. Past performance is not an estimate or guarantee of future performance. Your contract value and the actual investment return of the subaccounts will fluctuate in response to market conditions and the specific portfolios you choose so that your contract, when redeemed, may be worth more or less than the amount of your purchase payments. Current performance may be lower or higher than the performance data quoted herein. Please refer to the section of the prospectus entitled Policy Benefits and Risks Summary for a description of the relationship between investment performance and contract benefits. Investment options may change over time and may be different from previous models. Model Hypothetical* Historical Performance YTD -1.19% -1.23% -1.44% -1.43% -1.38% 1 Year 3.32% 5.31% 6.17% 7.40% 8.71% 2 Year 4.47% 7.16% 8.09% 9.75% 11.28% 3 Year 2.24% 3.60% 3.94% 4.70% 5.36% 4 Year 2.57% 3.68% 4.24% 5.09% 5.77% 5 Year 3.16% 4.51% 5.46% 6.70% 7.74% Since Inception ( ) 4.44% 5.17% 5.45% 5.90% 6.16% Indice YTD S&P % MSCI ACWI ex US (for non-us equities) -1.18% Barclays Aggregate Bond (for bonds) -1.46% The S&P 500 Index is a market capitalization weighted index of the stocks of 500 leading companies in major industries of the U.S. economy. You cannot invest directly in any index. Index returns do not reflect a deduction for fees or expenses. The MSCI All Country World ex US is a free float adjusted market capitalization index designed to measure the equity market performance of developed markets and emerging markets, excluding the U.S. It includes securities from 44 countries comprising 23 developed and 31 emerging market countries. The Barclays Capital Aggregate Bond Index is a broad based index often used to represent investment grade bonds being traded in the United States. 73% 27% 57% 43% 42% 58% 30% 70% 18% 82% Model Fund Allocations ClearBridge Variable Growth Portfolio- Class I 7% 7% 10% 12% 14% PVC Equity Income Account 7% 11% 11% 15% 17% Franklin Small Mid-Cap Growth VIP Fund 0% 0% 3% 3% 6% Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio-Class I 5% 7% 7% 9% 10% Vanguard VIF Small Company Growth Portfolio 0% 0% 0% 3% 3% Delaware VIP Small Cap Value-Std Class 0% 4% 3% 3% 3% Delaware VIP International Value Equity-Std Class 4% 4% 10% 10% 12% DFA VA International Small Portfolio 4% 5% 5% 5% 5% John Hancock Emerging Markets Value Trust 0% 5% 5% 5% 7% Vanguard VIF REIT Index Portfolio 0% 0% 4% 5% 5% 27% 43% 58% 70% 82% TIAA-CREF Life Bond Fund 11% 9% 6% 6% 4% Vanguard VIF Total Bond Market Index Portfolio 11% 9% 6% 0% 0% T. Rowe Price Limited-Term Bond Portfolio 11% 6% 9% 4% 0% DFA VA Short-Term Fixed Portfolio 11% 5% 0% 0% 0% PIMCO VIT Emerging Markets Bond 4% 4% 4% 5% 4% PIMCO VIT Real Return-Institutional Class 15% 14% 12% 11% 6% Vanguard VIF High Yield Bond Portfolio 8% 8% 4% 3% 3% TIAA-CREF Money Market Fund** 2% 2% 1% 1% 1% 73% 57% 42% 30% 18% Total: 100% 100% 100% 100% 100% * The inception date for the variable investment options in the products is May 1, Model performance is hypothetical and based upon the assumption that the investment options were available before the inception date. ** You could lose money by investing in the TIAA-CREF Life Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund s sponsor has no legal obligation to provide support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. ** As a result of recent regulatory changes, the TIAA-CREF Money Market Fund will convert to a government money market fund on or before October 14, The account will be required to invest at least 99.5% of its total assets in cash, government securities and/or repurchase agreements that are collateralized fully by cash or government securities. Review the Fund s prospectus for more information. Must be accompanied by the most current Asset Allocation Guide. Investment options and allocation percentages may change over time and may be different from previous models. Performance returns depicted are calculated based on the current models revised as of 1/12/16. Performance does not reflect previous model allocations. Investment products are subject to market and other risk factors, including the possible loss of principal. Although asset allocation is intended to mitigate investment risk, implementation does not guarantee a profit or protect against a loss. We encourage you to read the important standardized performance information that accompanies this material. A current copy of the TIAA-CREF Life Insurance Company (TIAA Life) Intelligent Life Variable Universal Life (VUL) prospectus and underlying funds prospectuses or Intelligent Life Survivorship Variable Universal Life (SVUL) prospectus and underlying funds prospectuses must accompany or precede this material. Beginning July 7, 2011, part or all of the investment management fees of the TIAA-CREF Life Money Market Fund may be voluntarily waived. Without this waiver, current and effective annualized yields and total returns would be lower. This fee waiver may be discontinued at any time without notice. The performance shown reflects fees and charges assessed by each subaccount s underlying Fund and current mortality and expense risk and administrative risk charges deducted from separate account assets. Some Fund advisors have agreed to limit their expenses; without these limits, performance would have been lower. The returns shown do not reflect the individual cost of insurance or premium taxes levied by some states. Had these fees and charges been deducted, the performance quoted would have been lower. The performance of the subaccounts in a variable life insurance policy is not guaranteed and account values will fluctuate. It is possible to lose money by investing in securities. Before purchasing a Variable Life contract, you should obtain an illustration of values that reflects all charges applicable to your contract. Your registered representative can provide you with a personalized illustration. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products. Variable Universal Life Insurance, policy form series AM-SVUL.2 and AM-SVUL.3 (2008); and Survivorship Variable Universal Life Insurance, policy form series AM-JVUL.3 (2008), are issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Not available in all states TIAA-CREF Life Insurance Company (TIAA Life), 730 Third Avenue, New York NY

7 TIAA CREF Life Insurance Company (TIAA Life) TIAA Investment Management Group Asset Allocation Models Intelligent Life Variable Universal Life Intelligent Life Survivorship Variable Universal Life Current Passive asset allocation models performance ending March 31, 2018 Performance shown represents past performance only. Past performance is not an estimate or guarantee of future performance. Your contract value and the actual investment return of the subaccounts will fluctuate in response to market conditions and the specific portfolios you choose so that your contract, when redeemed, may be worth more or less than the amount of your purchase payments. Current performance may be lower or higher than the performance data quoted herein. Please refer to the section of the prospectus entitled Policy Benefits and Risks Summary for a description of the relationship between investment performance and contract benefits. Investment options may change over time and may be different from previous models. Model Hypothetical* Historical Performance YTD -1.13% -1.15% -1.33% -1.35% -1.31% 1 Year 4.03% 6.09% 7.45% 8.82% 10.37% 2 Year 4.99% 7.72% 9.17% 11.00% 12.81% 3 Year 2.78% 4.17% 4.79% 5.75% 6.61% 4 Year 2.84% 3.93% 4.63% 5.59% 6.37% 5 Year 3.35% 4.82% 5.84% 7.18% 8.30% Since Inception ( ) 4.63% 5.45% 5.76% 6.30% 6.62% Indice YTD S&P % MSCI ACWI ex US (for non-us equities) -1.18% Barclays Aggregate Bond (for bonds) -1.54% The S&P 500 Index is a market capitalization weighted index of the stocks of 500 leading companies in major industries of the U.S. economy. You cannot invest directly in any index. Index returns do not reflect a deduction for fees or expenses. The MSCI All Country World ex US is a free float adjusted market capitalization index designed to measure the equity market performance of developed markets and emerging markets, excluding the U.S. It includes securities from 44 countries comprising 23 developed and 31 emerging market countries. The Barclays Capital Aggregate Bond Index is a broad based index often used to represent investment grade bonds being traded in the United States. 73% 27% 57% 43% 42% 58% 30% 70% 18% 82% Model Fund Allocations TIAA-CREF Life Stock Index Fund 7% 7% 10% 12% 14% DFA VA US Large Value Portfolio 7% 11% 11% 15% 17% Vanguard VIF Mid-Cap Index Portfolio 5% 7% 10% 12% 16% Vanguard VIF Small Company Growth Portfolio 0% 0% 0% 3% 3% DFA VA US Targeted Value Portfolio 0% 4% 3% 3% 3% DFA VA International Value Portfolio 4% 4% 10% 10% 12% DFA VA International Small Portfolio 4% 5% 5% 5% 5% John Hancock Emerging Markets Value Trust 0% 5% 5% 5% 7% Vanguard VIF REIT Index Portfolio 0% 0% 4% 5% 5% 27% 43% 58% 70% 82% Vanguard VIF Total Bond Market Index Portfolio 22% 18% 12% 6% 4% DFA VA Short-Term Fixed Portfolio 22% 11% 9% 4% 0% PIMCO VIT Emerging Markets Bond 4% 4% 4% 5% 4% PIMCO VIT Real Return-Institutional Class 15% 14% 12% 11% 6% Vanguard VIF High Yield Bond Portfolio 8% 8% 4% 3% 3% TIAA-CREF Money Market Fund** 2% 2% 1% 1% 1% 73% 57% 42% 30% 18% Total: 100% 100% 100% 100% 100% * The inception date for the variable investment options in the products is May 1, Model performance is hypothetical and based upon the assumption that the investment options were available before the inception date. ** You could lose money by investing in the TIAA-CREF Life Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund s sponsor has no legal obligation to provide support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. ** As a result of recent regulatory changes, the TIAA-CREF Money Market Fund will convert to a government money market fund on or before October 14, The account will be required to invest at least 99.5% of its total assets in cash, government securities and/or repurchase agreements that are collateralized fully by cash or government securities. Review the Fund s prospectus for more information. Must be accompanied by the most current Asset Allocation Guide. Investment options and allocation percentages may change over time and may be different from previous models. Performance returns depicted are calculated based on the current models revised as of 1/12/16. Performance does not reflect previous model allocations. Investment products are subject to market and other risk factors, including the possible loss of principal. Although asset allocation is intended to mitigate investment risk, implementation does not guarantee a profit or protect against a loss. We encourage you to read the important standardized performance information that accompanies this material. A current copy of the TIAA-CREF Life Insurance Company (TIAA Life) Intelligent Life Variable Universal Life (VUL) prospectus and underlying funds prospectuses or Intelligent Life Survivorship Variable Universal Life (SVUL) prospectus and underlying funds prospectuses must accompany or precede this material. Beginning July 7, 2011, part or all of the investment management fees of the TIAA-CREF Life Money Market Fund may be voluntarily waived. Without this waiver, current and effective annualized yields and total returns would be lower. This fee waiver may be discontinued at any time without notice. The performance shown reflects fees and charges assessed by each subaccount s underlying Fund and current mortality and expense risk and administrative risk charges deducted from separate account assets. Some Fund advisors have agreed to limit their expenses; without these limits, performance would have been lower. The returns shown do not reflect the individual cost of insurance or premium taxes levied by some states. Had these fees and charges been deducted, the performance quoted would have been lower. The performance of the subaccounts in a variable life insurance policy is not guaranteed and account values will fluctuate. It is possible to lose money by investing in securities. Before purchasing a Variable Life contract, you should obtain an illustration of values that reflects all charges applicable to your contract. Your registered representative can provide you with a personalized illustration. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products. Variable Universal Life Insurance, policy form series AM-SVUL.2 and AM-SVUL.3 (2008); and Survivorship Variable Universal Life Insurance, policy form series AM-JVUL.3 (2008), are issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Not available in all states TIAA-CREF Life Insurance Company (TIAA Life), 730 Third Avenue, New York NY