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

Similar documents
Monthly Returns as of 12/31/18

RiverSource Retirement Advisor Advantage Plus variable annuity - New York

RiverSource Variable Universal Life

RiverSource Retirement Advisor 4 Advantage variable annuity

Commonwealth Variable Annuity NY a variable annuity issued by Genworth Life Insurance Company of New York

RiverSource RAVA 5 Advantage variable annuity - New York

RiverSource RAVA 5 Advantage variable annuity

RiverSource RAVA 5 Select variable annuity

RiverSource Variable Universal Life 5 - New York

RiverSource RAVA 5 Select variable annuity

Commonwealth Variable Universal Life variable life insurance issued by Genworth Life and Annuity Insurance Company

Variable Investment Option Performance Update

Transamerica Advisor Elite SM NY Variable Annuity

Investment Option Fund Expenses

RiverSource Retirement Advisor Variable Annuity

RiverSource Variable Universal Life - New York

Investment Option Fund Expenses

Commonwealth Extra a variable annuity issued by Genworth Life and Annuity Insurance Company

RiverSource Retirement Advisor Variable Annuity

Commonwealth Extra a variable annuity issued by Genworth Life and Annuity Insurance Company

Commonwealth Variable Annuity Plus a variable annuity issued by Genworth Life and Annuity Insurance Company

RiverSource Variable Universal Life III

Invest in your future

Invest in your future

RetireReady SM Extra a variable annuity issued by Genworth Life and Annuity Insurance Company

RiverSource Variable Second-to-Die Life Insurance - New York

Investment choices performance report. June 30, The Best of America America s FUTURE Annuity II. Look to your future

Investment choices performance report. August 31, The Best of America Achiever Annuity. Look to your future

Invest in your future

Invest in your future

Invest in your future

Invest in your future

RetireReady SM Protection Plus variable life insurance issued by Genworth Life and Annuity Insurance Company

New York Life Flexible Premium Variable Annuity Performance Summary

RiverSource Variable Second-to-Die Life Insurance

RetireReady SM Extra a variable annuity issued by Genworth Life and Annuity Insurance Company

Invest in your future

RetireReady SM Choice a variable annuity issued by Genworth Life and Annuity Insurance Company

Invest in your future

RiverSource Retirement Advisor 4 Advantage variable annuity contracts Issued by RiverSource Life Insurance Company (RiverSource Life)

RiverSource Retirement Advisor 4 Select variable annuity contracts Issued by RiverSource Life Insurance Company (RiverSource Life)

Commonwealth Freedom a variable annuity issued by Genworth Life and Annuity Insurance Company

Invest in your future

Schwab OneSource Variable Annuity New York Investment Performance as of 12/31/2018

New York Life Flexible Premium Variable Annuity Performance Summary

Investment choices performance report. January 31, The Best of America Achiever Annuity. Look to your future

Invest in your future

Investment choices performance report. January 31, The Best of America Future Venue Annuity. Look to your future

Invest in your future

Variable Investment Option Performance Update

New York Life Flexible Premium Variable Annuity Performance Summary

Invest in your future

Invest in your future

New York Life Income Plus Variable Annuity Performance Summary As of March 31, 2019

New York Life Flexible Premium Variable Annuity Performance Summary

RiverSource RAVA 5 Advantage variable annuity - New York

Invest in your future

Personal Income Design One NY a variable annuity issued by Genworth Life Insurance Company of New York

Variable Investment Option Performance Update

New York Life Premier Variable Annuity II Performance Summary

Commonwealth Variable Annuity a variable annuity issued by Genworth Life and Annuity Insurance Company (includes Mitchell contracts)

RiverSource Variable Second-to-Die Life Insurance

RiverSource RAVA 5 Advantage variable annuity

New York Life Premium Plus Variable Annuity Performance Summary As of August 31, 2018 For policies purchased before June 2, 2003

Transamerica Advisor Elite SM Variable Annuity

Variable Investment Option Performance Update

New York Life Flexible Premium Variable Annuity II Performance Summary Premium Based M&E Charge Structure As of September 30, 2018

17022NY 12/01/12 Exp. 01/15/13 '2012 Genworth Financial, Inc. All rights reserved. Page 1 of 12

New York Life Premier Plus Variable Annuity Performance Summary Premium Based M&E Charge Structure As of February 28, 2019

New York Life Complete Access Variable Annuity Performance Summary As of March 31, 2019

New York Life Premier Variable Annuity Performance Summary Accumulation Value Based M&E Structure As of December 31, 2018

The Best of America America s Exclusive Annuity II

Variable Investment Option Performance Update

RetireReady SM Freedom a variable annuity issued by Genworth Life and Annuity Insurance Company

AMERITAS ADVISOR SERVICES. No-Load Variable Annuity (4080) May 2010 PROSPECTUS

New York Life Elite Variable Annuity Performance Summary As of January 31, 2019

Commonwealth Variable Annuity Plus a variable annuity issued by Genworth Life and Annuity Insurance Company (includes Mitchell contracts)

Monthly Registered Fund Performance Summary As of February 28, 2019

Invest in your future

Investment choices performance report. January 31, The Best of America Next Generation FPVUL. Look to your future

RetireReady SM Choice a variable annuity issued by Genworth Life and Annuity Insurance Company

RiverSource Variable Universal Life IV, RiverSource Variable Universal Life IV Estate Series (ES)

New York Life Flexible Premium Variable Annuity II Performance Summary Accumulation Value Based M&E Structure As of March 31, 2019

S-6611 CD (4/18) S-6325 CD (4/18) S-6612 CD (4/18) S-6325 CD (4/18)

Effective on or about August 24, 2018, the following fund renaming occurred in the Schwab Advisor Choice Variable Annuity:

Your investment. Your choice.

RiverSource Variable Universal Life IV RiverSource Variable Universal Life IV Estate Series (ES)

Merrill Lynch Investor Choice Annuity - Investor Series C Class

Merrill Lynch Investor Choice Annuity - Investor Series B Class

New York Life Premier Variable Annuity II Performance Summary Premium Based M&E Charge Structure As of January 31, 2019

RetireReady SM Selections a variable annuity issued by Genworth Life and Annuity Insurance Company

RetireReady SM Selections a variable annuity issued by Genworth Life and Annuity Insurance Company

Invest in your future

Schwab OneSource Choice - Return of Premium Death Benefit Investment Performance as of 11/30/2018

Monthly Performance Report for underlying funds available in Variable Universal Life Insurance Products issued by Pacific Life.

RetireReady SM Accumulator joint life and last survivor variable life insurance issued by Genworth Life and Annuity Insurance Company

Merrill Lynch Investor Choice Annuity - Investor Series XC Class

TEXAS A&M UNIVERSITY ORP

Merrill Lynch Investor Choice Annuity - Investor Series L Class

Merrill Lynch Investor Choice Annuity - Investor Series C Class

Transcription:

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 3/9/2006 11/8/1996-2.98% 0.75% 3.63% 6.98% 5.04% 6.49% PVC Equity Income Account - Class 1 3/9/2006 4/28/1998-2.45% 11.64% 8.34% 10.19% 7.68% 7.55% Prudential Series Fund-Value Portfolio-Class II 3/9/2006 5/14/2001-2.59% 8.01% 4.25% 7.74% 5.57% 4.83% TIAA-CREF Life Large-Cap Value 3/9/2006 10/28/2002-2.96% 4.42% 5.75% 8.96% 6.72% 8.32% Prudential Series Fund-Jennison 20/20 Focus Portfolio-Class II 3/9/2006 2/15/2000 1.17% 21.32% 9.85% 11.43% 7.82% 6.26% Neuberger Berman AMT Large-Cap Value Portfolio - Class I 3/9/2006 3/22/1994-3.64% 6.65% 6.35% 8.88% 4.81% 7.35% TIAA-CREF Life Growth & Income 3/9/2006 4/3/2000 0.32% 15.60% 9.72% 12.65% 9.03% 4.98% TIAA-CREF Life Social Choice 3/9/2006 4/3/2000-0.41% 13.95% 8.74% 10.82% 8.27% 4.46% TIAA-CREF Life Stock Index 3/9/2006 1/4/1999-0.91% 12.65% 9.12% 11.88% 8.55% 5.47% Janus Henderson Forty Portfolio 2 3/9/2006 5/1/1997 4.81% 22.42% 12.27% 15.24% 8.17% 10.51% ClearBridge Variable Growth Portfolio 4/26/2007 11/1/1999-0.34% 5.94% 2.55% 11.08% 9.84% 6.99% MFS Growth Series-Initial Class 3 3/9/2006 7/24/1995 5.07% 24.82% 12.71% 14.60% 10.33% 8.45% MFS Massachusetts Investors Growth Stock Portfolio 3/27/2015 5/6/1998 1.70% 18.79% 9.87% 12.10% 8.96% 5.25% TIAA-CREF Life Growth Equity 3/9/2006 4/3/2000 3.44% 25.84% 12.12% 15.49% 10.21% 2.67% DFA VA US Large Value Portfolio 5/1/2012 1/12/1995-2.72% 11.08% 8.98% 11.48% 8.40% 8.64% 1

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 12/12/2014 12/3/2002 1.39% 19.97% 12.37% 15.37% 11.11% 11.41% Vanguard VIF Equity Index Portfolio 12/12/2014 4/29/1991-1.02% 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 8/22/2001-0.74% 8.93% 4.54% 10.02% 7.80% 7.65% Janus Henderson Mid Cap Value Portfolio 4 3/9/2006 5/1/2003-2.73% 6.14% 7.40% 8.52% 7.28% 9.79% PVC Mid-Cap Account - Class 1 5 10/23/2009 12/18/1987-0.74% 15.00% 8.51% 12.48% 11.34% 11.95% Wanger U.S.A. 3/9/2006 5/3/1995 3.61% 16.81% 9.02% 11.02% 9.43% 10.85% Wanger Select 3/9/2006 2/1/1999-0.95% 17.15% 10.64% 11.30% 8.18% 9.59% Matson Money U.S. Equity VI Portfolio 2/18/2014 2/18/2014-2.12% 8.42% 7.01% 7.10% Vanguard VIF Mid-Cap Index Portfolio 12/12/2014 1/8/1999-0.24% 11.14% 6.73% 11.06% 8.97% 9.14% Small-Cap Delaware VIP Small-Cap Value-Std Class 3/9/2006 12/27/1993-3.15% 5.03% 8.08% 9.98% 9.49% 9.93% Royce Capital Fund Micro-Cap Portfolio-Investment Class 3/9/2006 12/27/1996-0.04% 5.25% 2.45% 3.70% 3.43% 8.80% Royce Capital Fund Small-Cap Portfolio-Investment Class 3/9/2006 12/27/1996-0.80% 5.29% 1.79% 6.62% 6.24% 9.50% TIAA-CREF Life Small-Cap Equity 3/9/2006 10/28/2002-0.93% 9.72% 8.06% 11.61% 9.34% 10.40% Franklin Small-Mid Cap Growth VIP-Class 1 3/9/2006 11/1/1995 3.11% 15.90% 5.11% 10.34% 8.57% 7.78% ClearBridge Variable Small-Cap Growth Portfolio 3/9/2006 11/8/1999 5.54% 23.60% 8.55% 10.96% 10.37% 8.12% DFA VA US Targeted Value Portfolio 5/1/2012 10/3/1995-2.21% 6.47% 6.78% 10.23% 8.44% 9.82% Vanguard VIF Small Company Growth Portfolio 12/12/2014 6/3/1996 2.01% 17.24% 9.27% 12.67% 11.34% 9.96% International equity Large-Cap Delaware VIP International Value Equity-Std Class 3/9/2006 10/29/1992-2.32% 11.59% 4.93% 4.76% 1.72% 5.81% Templeton Developing Markets VIP-Class 1 3/9/2006 3/4/1996-0.62% 22.89% 8.35% 2.73% 1.91% 2.91% TIAA-CREF Life International Equity 3/9/2006 4/3/2000-1.41% 19.12% 5.96% 7.04% 2.07% 2.33% Janus Henderson Overseas Portfolio 3,6 3/9/2006 5/1/1994 1.45% 19.24% 3.77% 2.14% -0.48% 7.76% MFS Global Equity Series-Initial Class 3/9/2006 5/3/1999-2.32% 11.46% 6.65% 8.38% 6.62% 6.58% DFA VA International Value Portfolio 5/1/2012 10/3/1995-1.40% 16.39% 5.71% 5.95% 1.28% 5.71% John Hancock Emerging Markets Value Trust 12/12/2014 5/1/2007 2.02% 18.26% 8.14% 2.74% 1.95% 2.60% DFA VA Equity Allocation Portfolio 7/10/2017 7/10/2017-1.23% Mid-Cap Wanger International 3/9/2006 5/3/1995 2.03% 22.38% 7.71% 6.95% 5.02% 11.17% DFA VA International Small Portfolio 5/1/2012 10/3/1995-0.87% 18.34% 10.74% 9.33% 5.39% 6.39% Matson Money International Equity VI Portfolio 2/18/2014 2/18/2014-1.42% 15.59% 6.91% 3.72% Fixed income Delaware VIP Diversified Income-Std Class 3/9/2006 5/16/2003-1.28% 1.57% 0.58% 1.05% 3.93% 4.40% PIMCO Global Bond-Unhedged-Institutional Class 3/9/2006 1/31/2006 0.70% 6.12% 2.68% 0.27% 2.56% 3.80% TIAA-CREF Life Bond 3/9/2006 7/8/2003-1.88% 0.67% 0.93% 1.33% 2.80% 2.87% 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 Fixed income (cont.) PIMCO Real Return-Institutional Class 3/9/2006 4/10/2000-1.19% 0.03% 0.27% -1.19% 2.27% 4.81% Western Asset Variable GL High Yield Bond Portfolio - Class I 4/26/2007 5/1/1998-1.60% 2.82% 3.67% 2.49% 5.64% 5.40% T. Rowe Price Limited-Term Bond Portfolio 3/5/2012 5/13/1994-0.44% -0.45% -0.26% -0.34% 0.84% 2.78% DFA VA Global Bond Portfolio 5/1/2012 1/12/1995-0.61% -0.08% 0.24% 0.47% 2.05% 3.83% DFA VA Short-Term Fixed Portfolio 5/1/2012 10/3/1995-0.04% -0.21% -0.34% -0.47% 0.04% 1.78% DFA VIT Inflation Protected Securites Portfolio 6/17/2016 5/29/2015-1.33% -0.34% 0.06% PIMCO VIT Emerging Markets Bond Portfolio - Inst. Class 11/1/2013 4/30/2012-1.66% 3.15% 4.78% 1.99% 2.94% Matson Money Fixed Income VI Portfolio 2/18/2014 2/18/2014-0.84% -1.17% -0.90% -0.73% Vanguard VIF High Yield Bond Portfolio 12/12/2014 6/3/1996-1.67% 2.16% 3.25% 3.41% 5.71% 5.06% Vanguard VIF Total Bond Market Index Portfolio 12/12/2014 4/29/1991-1.74% 0.09% 0.08% 0.69% 2.48% 4.47% Balanced Franklin Income VIP-Class 1 3/9/2006 1/24/1989-2.32% 3.12% 3.51% 4.49% 5.15% 7.58% Calamos Growth & Income 7 3/9/2006 5/19/1999 0.24% 10.02% 6.56% 7.31% 5.87% 6.19% PIMCO All Asset-Institutional Class 3/9/2006 1/31/2006 0.00% 7.54% 4.49% 2.31% 3.92% 4.08% DFA VA Global Allocation Portfolio 11/1/2013 4/8/2013-0.86% 8.51% 5.15% 6.05% TIAA-CREF Life Balanced 2/14/2014 1/31/2014-1.09% 7.51% 4.65% 5.51% Sector specific MFS Utilities Series-Initial Class 3/9/2006 1/3/1995-2.36% 3.63% 1.03% 4.75% 5.28% 10.12% TIAA-CREF Life Real Estate 3/9/2006 10/28/2002-5.67% 2.36% 2.15% 6.56% 5.86% 9.41% Prudential Series Fund- Natural Resources Portfolio-Class II 3/9/2006 4/28/2005-6.01% -3.57% -6.10% -7.62% -5.73% 2.90% VY Clarion Global Real Estate Portfolio-Class I 5/1/2010 1/3/2006-4.79% 3.48% -0.57% 2.58% 2.53% 3.70% PIMCO VIT Commodity Real Return Strategy Portfolio - Inst. Class 11/1/2013 4/30/2012-0.65% 2.73% -3.59% -10.21% -8.61% Credit Suisse Trust- Commodity Return Strategy Portfolio 11/1/2003 2/28/2006-0.52% 2.14% -4.19% -9.33% -8.50% -4.74% T. Rowe Price Health Sciences Portfolio I 12/12/2014 12/29/2000 1.06% 15.16% 3.64% 16.52% 15.38% 10.02% Vanguard VIF Real Estate Index Portfolio 8 12/12/2014 1/8/1999-6.96% -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 7/8/2003 0.08% 0.00% -0.50% -0.68% -0.56% 0.41% 3

1 Based upon TIAA Life s claims-paying ability. 2 Formerly Janus Aspen Forty-Inst. Shares 3 Closed to new investors effective Ferbruary 18, 2013. 4 Formerly Janus Aspen Perkins Mid-Cap Value-Inst. Shares 5 Closed to new investors effective August 15, 2013. 6 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

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 877-518-9161 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 www.tiaa.org 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 877-518-9161 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 10017. Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Not available in all states. 2018 TIAA-CREF Life Insurance Company (TIAA Life), 730 Third Avenue, New York NY 10017. 441149

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 (03-09-2006) 4.44% 5.17% 5.45% 5.90% 6.16% Indice YTD S&P 500-0.76% 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, 2012. 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, 2016. 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 10017. Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Not available in all states. 270746 2017 TIAA-CREF Life Insurance Company (TIAA Life), 730 Third Avenue, New York NY 10017.

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 (03-09-2006) 4.63% 5.45% 5.76% 6.30% 6.62% Indice YTD S&P 500-0.76% 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, 2012. 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, 2016. 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 10017. Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Not available in all states. 270746 2017 TIAA-CREF Life Insurance Company (TIAA Life), 730 Third Avenue, New York NY 10017.