Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

MFS Global Equity Series - Initial Class

Seeks capital appreciation. The investment manager invests at least 80% of the Portfolio’s assets in equity securities.

Performance Comparison
  Performance Data
as of 02/4/2016
Average Annual Total Returns
as of 01/31/2016
1 Year 3 Year 5 Year 10 Year Since Inception
MFS Global Equity Series - Initial Class $21.36 + 0.56% -4.46% -4.80% 5.20% 7.34% -- 5.53%
Morgan Stanley World Index (GROSS) 1 -- + 0.54% -6.71% -- -- -- -- --

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, foreign and emerging markets risk, currency risk, geographic concentration risk, investment selection risk, counterparty and third party risk, and liquidity risk.

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

The Morgan Stanley Capital International (MSCI) World Index - GROSS is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of the following 24 developed market country indices: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. You cannot invest directly in this index.

TIAA-CREF Individual & Institutional Services, LLC, 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