Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

MFS Growth Series - Initial Class

Seeks capital appreciation. The investment manager normally invests the Portfolio’s assets primarily in equity securities.

Unit value as of 10/01/2014 : $39.03
Total return year-to-date as of 10/01/2014 : 1.72%
Expense charge 1 : 1.38%
Inception date : 02/05/2008
Investment class : U.S. Equity
Performance Comparison
  Performance Data
as of 10/1/2014
Average Annual Total Returns
as of 08/31/2014
  Unit
Values
Net
Change
YTD
Return
1 Year 3 Year 5 Year 10 Year Since Inception
MFS Growth Series - Initial Class $39.03 -1.49% 1.72% 22.98% 18.86% 16.46% -- 9.39%
Russell 1000® Growth Index 2 -- -0.29% 7.89% 26.29% 19.95% 17.82% -- 10.22%

The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your accumulation units, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. For investments with exceptional performance, please note that performance fluctuates and currently may be lower than noted here.

The risks that this fund is subject to include stock market/company risk, growth company risk, foreign risk, investment selection risk, counterparty and third party risk, and liquidity risk.

For a detailed discussion of risk, please consult the prospectus.

1.
Includes both separate account and fund level charges. The maximum total annual expense charge without the waiver is 1.58%. Separate account charges reflect the highest possible mortality and expense risk charge although they may be lower. The unit value reflects the election of the Guaranteed Minimum Death Benefit. See the prospectus for additional information.

The Prudential Series Fund - Value Portfolio-Class II was formally known as the Value Portfolio - Class II.
2.
The Russell 1000 Growth Index is a subset of the Russell 1000 Index which measures the performance of the stocks of the 1000 largest companies in the Russell 3000® Index based on market capitalization. The Russell 1000 Growth Index measures the performance of those stocks of the Russell 1000 with higher price-to-book ratios and higher relative forecasted growth rates. You cannot invest directly in these indices. Russell 1000 and Russell 3000 are trademarks and service marks of the Frank Russell Company. TIAA-CREF products are not promoted or sponsored by or affiliated with, the Frank Russell Company.

TIAA-CREF Individual & Institutional Services, member FINRA, distributes securities products. Intelligent Variable Annuity is issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY 10017.

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.

© 2014 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017