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TIAA-CREF Life Insurance Company Flexible protection with the added value of wealth accumulation potential Intelligent Life Variable Universal Life Insurance Intelligent Life Survivorship Variable Universal Life Insurance

For the milestones in your life TIAA has been protecting people and their loved ones for nearly a century. We have designed our permanent life insurance products to help meet the demands and challenges facing families and businesses today. As life s milestones occur, find out how TIAA-CREF Life Insurance Company s (TIAA Life) family of Intelligent Life policies can help you keep your promises at TIAA.org/life. What s inside Designed to meet a lifetime of needs 1 Make the smart choice with Intelligent Life 2 Intelligent Life Variable Universal Life 4 Intelligent Life Survivorship Variable Universal Life 6 Customize your coverage to meet your needs 8 Live more securely with TIAA Life 10 Take the next step without obligation 12

Designed to meet a lifetime of needs Baby new house college new business grandchildren retirement. These significant milestones can bring great joy and happiness. Often they come with additional responsibilities and financial obligations. Intelligent Life helps you provide financial support whether it s for your family or your business if something unexpectedly happens to you. No matter what stage of life you re in or how your needs might change over time, we ve designed our family of Intelligent Life policies to be flexible enough to help keep pace with your changing needs. Lifetime protection flexibility wealth accumulation potential With Intelligent Life, you have the peace of mind provided by permanent life insurance. But Intelligent Life insurance offers you much more: Flexible premium payments you select the amount you ll pay. You can change this amount over the life of the policy. 1 Potential cash value accumulation grows tax deferred and can be allocated to a wide variety of investment options managed by recognized investment management firms. Easy access to your cash value at any time to help supplement life events like your child s college education or even your own retirement. 2 Choose to protect one or two people Variable universal life insurance provides permanent protection for an individual s lifetime. This valuable coverage can also cover two lives. This type of variable universal life is called survivorship variable universal life insurance. With survivorship variable universal life insurance, the benefit is paid out after the death of the second insured. Our Intelligent Life family of policies offers both single life and survivorship options: Intelligent Life Variable Universal Life Intelligent Life Survivorship Variable Universal Life 3 Learn how Intelligent Life can be a smart choice for you and the people in your life that matter most to you. 1. Changes in premium payments may adversely impact the death benefit and/or cash value potential. You are not actually required to pay premiums according to any schedule. However, you may greatly increase your risk of lapse if you do not regularly pay premiums because the policy value may not be sufficient to cover the monthly charges when due. 2. Partial withdrawals or outstanding loans and loan interest will reduce the policy s death benefit and may have tax consequences. If the policy is classified as a Modified Endowment Contract (MEC) under IRS rules, distributions are generally subject to income taxes and, if before age 59½, a federal tax penalty. Taxes may be incurred if the policy is allowed to lapse before maturity. 3. Not available in Montana. There are inherent risks associated with investing in securities. As with all securities, the accumulations can increase or decrease depending on how well the underlying investments perform over time. We do not guarantee the performance of the underlying investments. Intelligent Life Variable Universal Life insurance and Intelligent Life Survivorship Variable Universal Life insurance are flexible premium life insurance policies. They offer a choice of investments and an opportunity for the cash value and death benefit to grow based on the investment results of the investment options. The policy value and the death benefit may go up or down on any given day. Due to various charges associated with life insurance contracts, the policies are not suitable as short-term investments. TIAA Variable Universal Life Insurance 1

Make the smart choice with Intelligent Life We have designed the Intelligent Life family of universal life policies to help meet your current and future needs. Wherever life may lead you, TIAA Life remains committed to helping you find solutions that help you keep your promises. Enjoy the benefits of an Intelligent Life Variable Universal Life or Survivorship Variable Universal Life policy: 1. Lifetime protection Intelligent Life policies are permanent life insurance designed to provide a lifetime of protection for your family or business. Wherever life takes you, you can have peace of mind knowing your policy will be there for your loved ones. 4 2. Flexibility Our universal life policies offer a flexibility you won t find in other types of life insurance. You can easily adjust your policy to adapt to your needs over time. 5 You can change the amount and timing of your premium payments or increase or decrease the death benefit of your policy. 6 3. Wealth accumulation potential You can allocate your cash value to a fixed account or to a wide variety of investment options managed by recognized investment management firms. 4. The policy may lapse if the cash surrender value is insufficient to pay the monthly insurance deductions. 5. Certain restrictions apply. 6. A change that represents an increase in the amount of the death benefit may require evidence of insurability. 2 TIAA Variable Universal Life Insurance

4. Simplicity Our fees are simple, transparent and easy to understand. There are no front- or back-end sales loads or surrender charges. 7 This means more of your money goes to work for you. 5. Easy access At any time, you can easily access your cash value through partial withdrawals without an early withdrawal penalty. Or take a low-cost policy loan using your cash value as collateral. 6. Tax advantages Your beneficiaries generally receive the death benefit free of any federal income tax according to IRC Section 101 (a). Potential cash value accumulations grow tax deferred. Finally, partial withdrawals are tax free up to the amount paid into the policy and policy loans are tax free as long as the policy remains in force. Compare our Intelligent Life policies with similar competitor policies Chances are you ll find our coverage offers a better insurance value. Call or visit us online today to learn more about the Intelligent Life policies in your state. TIAA.org/life 855-200-6529 7. Premium tax will be charged based on state of residence at the time of policy issue. TIAA Variable Universal Life Insurance 3

Intelligent Life Variable Universal Life The benefits of Variable Universal Life Intelligent Life Variable Universal Life provides lifetime protection plus the opportunity for wealth accumulation. You can easily access your cash value to help: Pay for a child or grandchild s education Supplement your retirement income Cover unexpected healthcare costs Pay off student loans or other debt Fund a business venture Intelligent Life Variable Universal Life is a flexible premium permanent life insurance policy. It offers lifetime protection and wealth accumulation potential that you can access over time. 8 Plus, you can customize your policy to help meet your needs now and in the future. Select the amount of premium you ll pay including how often you ll make your payments. Later, you may be able to increase, decrease or stop paying premiums all together. Choose from three differently structured death benefit options. 8 Allocate your cash value among a fixed account and a wide variety of investment accounts. Make tax-free transfer between these options. Use our Dollar Cost Averaging Program or Automatic Account Rebalancing service to keep your investment strategy on track. 9 Easily access your cash value using tax-free partial withdrawals, up to the amount paid into the policy, or low-cost policy loans, neither of which is subject to early withdrawal penalties. And adjust your choices should your needs change. Let Intelligent Life work for you The combination of lifetime protection, flexibility and wealth accumulation potential offered by Intelligent Life Variable Universal Life may be the right choice if you are a: Growing family Couple or individual with substantial financial obligations Couple or individual interested in tax-deferred wealth accumulation Grandparent who wants to leave a legacy for your grandchildren Individual interested in leaving a donation to your favorite charitable institution Business owner who wants to fund the transition of your business or provide key employees with life insurance 8. All death benefit options have premium limits that determine whether a policy is classified as a Modified Endowment Contract (MEC). Under a MEC, distributions are generally subject to income taxes and, if made before age 59½, a federal tax penalty. Taxes may be incurred if the policy is allowed to lapse before maturity. 9. A periodic investment plan such as dollar cost averaging does not assure a profit or protect against a loss in declining markets. Rebalancing does not protect against losses or guarantee that an investor s goal will be met. Dollar Cost Averaging Program and Automatic Account Rebalancing Program cannot both be active on the same policy. 4 TIAA Variable Universal Life Insurance

Meet Maya and Jon Maya and Jon are in their late 30s and have two children ages 5 and 9. They are expecting a baby. They both have successful careers. They already each own a large 20-Year Level Term policy. With a baby on the way and college less than 10 years away for their oldest, they feel like they need more protection and growth potential. They want to keep their term insurance and supplement it with permanent life insurance. They like the wealth accumulation potential built into variable universal life insurance. Need Income replacement and a college fund to cover tuition or student loan repayments if something unexpectedly happens to either one of them. Eventually, they like the idea of having funds to help supplement their retirement income, if needed. Budget With both of them working, they have more disposable income to put towards a larger life insurance premium and take advantage of the tax-deferred, wealth accumulation potential. Decision Maya and Jon each purchase an Intelligent Life Variable Universal Life policy. They like that they can provide the additional protection they need and choose from a wide range of investment accounts. The tax-deferred wealth accumulation potential fits well into their overall financial plan. The flexibility to adjust premium payments over time also appealed to them. Finally, the easy access to the cash value gives them added peace of mind. TIAA Variable Universal Life Insurance 5

Intelligent Life Survivorship Variable Universal Life The benefits of Survivorship Universal Life Intelligent Life Survivorship Universal Life can help you: Provide an income tax-free death benefit to your heirs Preserve and protect family assets for your children Amplify the value of your legacy for your children and grandchildren Provide a fund to care for children with special needs Equalize your estate among multiple heirs Create a living legacy for a favorite charity Intelligent Life Survivorship Variable Universal Life is flexible premium permanent life insurance that protects two individuals, usually spouses, on a single second-to-die policy. It offers lifetime protection and wealth accumulation potential. The built-in flexibility lets you customize your policy to help meet your needs now and in the future. Select the amount of premium you ll pay including how often you ll make your payments. Later, you may be able to increase, decrease or stop paying premiums all together. Choose from three differently structured death benefit options. 8 Allocate your cash value among a fixed account and a wide variety of investment accounts. Make tax-free transfer between these options. Use our Dollar Cost Averaging Program or Automatic Account Rebalancing service to keep your investment strategy on track. 9 Easily access your cash value using tax-free partial withdrawals up to the amount paid into the policy, or low-cost policy loans, neither of which is subject to early withdrawal penalties. Adjust your choices should your needs change. Why cover two people with one policy? Couples often choose this type of policy because it enables them to cost-effectively manage and transfer their estate. The policy provides ready cash to their beneficiaries to pay estate taxes and other estate settlement costs when they become due. By insuring two people on the same policy, you can save money since premiums are generally lower than for coverage on two separate policies. Maintain access to your cash value to help fund health care expenses or other emergencies, if needed 6 TIAA Variable Universal Life Insurance

Meet Felicia and Paul Felicia and Paul are in their late 50s and planning to retire in their early 60s. They have two children and three young grandchildren. They have both enjoyed successful careers and their retirement plan is well funded and on track. They have acquired a vacation home, jewelry, successful investments and other assets during their 25-year marriage. They want to ensure that their assets are cost-effectively passed onto their children. Need Felicia and Paul want to maximize the legacy for their children and grandchildren to help them meet future needs like their grandchildren s college education. Plus they want to make sure their heirs have immediate access to funds to pay for estate taxes and other estate settlement costs. Budget Since they are both still working, they would like to fund the policy now and for a few years into retirement. They have some surplus savings that they will not need for retirement that they can use to help pay the premiums after they retire. Decision They purchase an Intelligent Life Survivorship Variable Universal Life policy to help maximize their legacy and cost-effectively pass onto their estate. The premium flexibility and wide range of highly rated investment options appeal to them. They select a premium amount, including how long they ll pay, that fits within their retirement plan. They understand they may have to adjust their premium payments depending on the performance of the investment options they select. And, by insuring themselves on the same policy, they re saving money since the premiums are generally lower than for coverage on two separate policies. TIAA Variable Universal Life Insurance 7

Customize your coverage to meet your needs Both Intelligent Life policies offer options to give you added flexibility to further customize your policy. Living Choices Benefit Allows you to collect all or a portion of your policy benefits if you become terminally ill as defined in the policy. Commonly known as the Accelerated Death Benefit Option. Money can be used in any way you see fit to help with medical bills, household expenses, even to help support a family member who stops working to care for you. Automatically included in every term life insurance policy we issue. 10 Charitable Giving Benefit rider This special rider will pay 1% of your policy s face amount up to a maximum of $100,000 over and above your policy s death benefit to an eligible charity of your choice. The designated beneficiary of the benefit must be an institution accredited as a charity with the IRS under section 501(c)(3). No additional charge for this rider. The cost is included in the base policy premium. The election of this rider is not automatic. The owner must select it when applying for coverage. 11 (Rider form series TCL-CHAREDUC.2) Overloan Protection Endorsement Automatically included in your policy unless you decline it, guarantees your policy will not lapse should you have an outstanding loan balance that exceeds the value of your policy. 12 Designed to keep your policy in effect and protect you from any potential tax liability. (Rider form series AM-OVERLOAN.1[2008]) 10. Receipt of accelerated death benefits may be taxable and may affect eligibility for public assistance programs. There is no charge for the availability of this feature, but there may be a charge assessed if this feature is exercised, and the proceeds are discounted for interest to reflect early payment. (Not available in all states.) 11. TIAA Life will pay the institution(s) in the name of the deceased insured. (Not available in Kentucky, Maryland or Tennessee.) 12. Certain conditions and restrictions apply. 8 TIAA Variable Universal Life Insurance

Only available with Intelligent Life Variable Universal Life Level Cost of Insurance Endorsement This patented feature allows you to lock in the rates for a 10- or 20-year term period versus the option of having insurance rates increase each year based upon your age. This endorsement can be added at issue for no additional charge. When each policy period ends, you may renew for another level period. 13 (Rider form series AM-SVLCOl.1) Waiver of Monthly Charges rider All policy charges will be waived while the insured person is totally disabled as defined in the policy. Available for an additional fee. (Rider form series AM-SVWMC.2) Only available with Intelligent Life Survivorship Variable Universal Life Last Survivor Policy Split option Gives you the flexibility to split your policy into two separate individual life insurance policies, in the case of divorce or dissolution of partnership. No evidence of insurability will be required. This option is available without charge. (Rider form series AM-JVSPLIT.2 [2008]) Estate Transfer Protection rider Optional rider intended to offset any estate tax that may be due if the Survivorship Universal Life policy is included in the estate of the second insured to die. Offers an additional death benefit until four years after the death of the first insured to die that can help cover estate taxes that might be incurred if ownership of the policy is transferred, and the surviving insured dies shortly after the transfer. Evidence of insurability will be required and there is an additional charge. 14 (Rider form series AM-ESTPROT.1[2008]) 13. Renewals are subject to age restrictions and evidence of insurability. Certain restrictions may apply. Not available in Pennsylvania. 14. Some restrictions may apply. Please call us for details. TIAA Variable Universal Life Insurance 9

Live more securely with TIAA Life You ll live securely knowing you made a smart decision to help protect your loved ones with Universal Life Insurance from TIAA Life: High ratings for financial strength TIAA Life is one of the three highest rated insurance companies in terms of overall financial strength. 15 World s most admired companies We re one of the world s most admired companies in the life and health insurance category for over five years. 16 Personalized solutions We can help you determine your life insurance needs. Our life insurance representatives: Provide no-obligation guidance focused on your unique needs Give easy-to-understand explanations Financial strength ratings 15 A++ Superior A.M. Best Company (as of 6/17) AAA Exceptionally strong Fitch Ratings (as of 2/17) Aa1 (Second highest) Very strong Moody s Investors Service (as of 8/17) Discuss options available to you Can help you with the application process Never pressure you to buy AA+ (Second highest) Very strong Standard & Poor s (as of 8/17) Life insurance for your needs Our life insurance policies are affordably priced and designed to help fit into your budget. Exclusions, restrictions, limitations and reductions in benefits will, in certain situations, apply to your policy. For full details, including costs, call us at 855-200-6529. Please note that TIAA Life has the right to contest the policy for misrepresentation by the applicant. 15. For its stability, claims-paying ability and overall financial strength, TIAA-CREF Life Insurance Company is a member of one of only three insurance groups in the United States to hold the highest rating available to U.S. insurers from three of the four leading independent insurance company rating agencies. TIAA-CREF Life Insurance Company (TIAA Life) is a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (TIAA). TIAA Life holds the following ratings as a result of its relationship with TIAA: A.M. Best (A++ as of 6/17), Fitch (AAA as of 2/17) and Standard & Poor s (AA+ as of 8/17), and the second highest possible rating from Moody s Investors Service (Aa1 as of 8/17). There is no guarantee that current ratings will be maintained. The financial strength ratings represent a company s ability to meet policyholders obligations and claims and do not apply to variable annuities or any other product or service not fully backed by TIAA Life s claims-paying ability. The ratings also do not apply to the safety or the performance of the variable accounts, which will fluctuate in value. 16. TIAA Life is part of the TIAA family of companies. TIAA was rated in the top 10 in FORTUNE magazine s World s Most Admired Companies ranking in the Insurance: Life and Health category for the years 2011, 2012, 2013, 2014, 2015, 2016 and 2017. 10 TIAA Variable Universal Life Insurance

TIAA Variable Universal Life Insurance 11

Take the next step without obligation We re here to answer your questions and provide you with the information you need to decide if this coverage is right for you and your family. Call today and speak to a TIAA Life insurance representative. This service is available to you without charge, obligation or pressure to buy. Contact your life insurance representative at 855-200-6529 or by email at TIAAlifesales@TIAA.org. Learn about the next steps to take at TIAA.org/life. 12 TIAA Variable Universal Life Insurance

TIAA Variable Universal Life Insurance 13

Please note: All guarantees are subject to the claims-paying ability of the issuing company. Guarantees do not apply to any underlying investment options. Changes in premium payments may adversely impact the death benefit and/or cash value potential. Partial withdrawals or outstanding loans and loan interest will reduce the policy s death benefit and may have tax consequences. If the policy is classified as a Modified Endowment Contract (MEC) under IRS rules, distributions are generally subject to income taxes and, if before age 59½, a federal tax penalty. Taxes may be incurred if the policy is allowed to lapse before maturity. The receipt of the death benefit is generally federally income tax free. See IRC Section 101(a). Investment products may be subject to market and other risk factors. See the applicable product literature, or visit TIAA.org for details. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or log on to TIAA.org for underlying product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing. This material must be preceded or accompanied by a current product and underlying funds prospectus for the Intelligent Life Variable Universal Life Insurance policy or Intelligent Life Survivorship Variable Universal Life Insurance policy. Additional copies of the prospectuses can be obtained by calling 877-694-0305 or by visiting TIAA.org/prospectuses. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not bank 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. Intelligent Life Variable Universal Life Insurance, policy form series AM-SVUL.3 (2008) and Intelligent Life Survivorship Variable Universal Life Insurance, policy form series AM-JVUL.3 (2008) are issued and underwritten by TIAA-CREF Life Insurance Company (TIAA Life), a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (TIAA). These products may not be available in all states. Please call us for details. Both TIAA and TIAA Life are headquartered at 730 Third Avenue, New York, NY 10017. Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Life insurance policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. A life insurance specialist can provide you with costs and complete details. 2017 TIAA-CREF Life Insurance Company (TIAA Life), 730 Third Avenue, New York, NY 10017 276349 141025123 770603_896003 A14040 Generic (10/17)