Important information
Our annuity cost savings tool is not currently available as we're working to make some updates. Many annuities - the one you have or the one you are considering - have expenses, commissions, loads, fees, restrictive investing rules, and surrender charges. The Intelligent Variable Annuity (IVA) issued by TIAA-CREF Life Insurance Company offers:

Low overall costs

IVA’s current annual insurance cost equals 0.35%+ compared to the industry average of 1.31%1

Low sub-account fees

Our IVA average subaccount expense is 0.70% while the industry average subaccount expense is 0.97%2

0% surrender fees

Industry surrender charges can be as high as 10% and are based on a declining scale for an average of 7 years.2 Many products carry surrender charges that can last 5-15 years.3

0% up-front sales load

Some companies charge up-front premium and sales loads as high as 6%.3
Get a second opinion from a licensed professional as no two annuities are the same. Let one of our representatives help you do the comparison by calling 877-554-8282 weekdays 8 a.m. - 8 p.m. (ET).*

1 Based on average contract size of over $100,000. TIAA Life's Intelligent Variable Annuity's maximum annuity expense charge ranges from 0.45% to 0.70%. If the Guaranteed Minimum Death Benefit option is selected, the fee is 0.10% and the maximum expense charge ranges from 0.55% to 0.80%. All expense information presented here is as of the prospectus dated May 1, 2017. Please see the prospectus for more information. According to Morningstar, the average annuity expense charge is 1.31% for all non-group variable annuity subaccounts in Morningstar Direct as of 5/9/2017. ©2017 Morningstar, Inc. All Rights Reserved.

2 Morningstar, 2017

3 LifeTrends, August 2017

When comparing annuities and before considering replacing your annuity, carefully consider differences in features, costs, charges, services, company strength and other important aspects. There may also be tax consequences associated with the transfer of assets. Indirect transfers may be subject to taxation and penalties. Consult with your own advisors regarding your particular situation.

Annuities are designed for retirement and other long-term goals. If you make a withdrawal before age 59½, the earnings will be taxed as ordinary income and you may be subject to an additional 10% early withdrawal penalty.

Annuity contracts contain exclusions, limitations, reduction of benefits and may contain terms for keeping them in force. We can provide you with costs and complete details.

Please note: lower expenses do not necessarily result in higher returns.

The Intelligent Variable Annuity, contract form series TCL-VA2, is issued by TIAA-CREF Life Insurance Company (TIAA Life), 730 Third Avenue, New York, NY 10017. TIAA Life is solely responsible for its own financial condition and contractual obligations.

TIAA-CREF Individual & Institutional Services, LLC, member FINRA distributes securities products.

*Not available in Oregon.