¹ 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 7/21), Fitch (AAA as of 11/21) and Standard & Poor’s (AA+ as of 9/21), and the second highest possible rating from Moody’s Investors Service (Aa1 as of 5/21). 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.

² According to Morningstar, the average annual annuity expense charge is 1.27% for all non-group variable annuity policies in Morningstar Direct as of 4/2021. ©2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

³ TIAA Life’s Intelligent Variable Annuity’s maximum annual annuity expense charge ranges from 0.45% to 0.70%. If the GMDB is selected, the maximum expense charge ranges from 0.55% to 0.80%. All expense information presented here is as of the prospectus dated May 1, 2021. Please see the prospectus for additional information. 

TIAA Life's Intelligent Variable Annuity Explanation of Annual Annuity Charge Rates: 
Years 1-10 accumulation from $0 to <$100,000: 0.50%
Accumulation from $100,000 to < $500,000: 0.35%
Accumulation of $500,000+: 0.25%
Years 11+ any accumulation: 0.10%

⁴ This tool is designed to illustrate how our variable annuity's low expenses can impact account value over time. (The tool reflects all our product expenses except for a $25 annual maintenance fee if your account value is less than $25,000 and expenses of any investment portfolios which, if reflected, would result in lower returns. Our current product administrative fees are only 0.10%; we reserve the right to raise them to 0.30% upon notice.) This tool assumes a fixed interest rate that you select, up to a maximum of 8%. The information generated is hypothetical only, since our annuity's actual performance will fluctuate with the market and includes risk of loss, including principal. The tool assumes no withdrawals during the period illustrated. Withdrawals are subject to taxation as ordinary income and, if made before age 59 ½, a 10% tax penalty. This tool is not a promise, projection or estimate of future investment performance, nor a recommendation to buy or sell a particular annuity. Consider your personal situation and all benefits, limitations, charges and expenses, and tax impact in deciding to purchase a financial service or product. You may contact TIAA Life at 877-554-8282 for additional information about our annuities.

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.

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

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.

THIS CALCULATOR IS NOT APPROVED FOR USE IN OREGON.