Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

PVC Mid Cap Account - Class 1

Seeks to provide long-term capital appreciation.

Unit value as of 07/29/2016 : $35.36
Total return year-to-date as of 1 07/29/2016 : 9.00%
Expense charge 2 : 1.13%
Fund inception date : 10/23/2009
Inception date : 10/23/2009
Investment class : U.S. Equity
Performance Comparison
  Performance Data
as of 03/15/2016
Average Annual Total Returns
as of 02/29/2016
1 Year 3 Year 5 Year 10 Year Since Inception
PVC Mid Cap Account - Class 1 3 $31.52 -0.41% -2.85% -11.21% 9.43% 11.02% -- 14.11%
Russell Midcap® Index 4 -- -0.67% -0.98% -- -- -- -- --

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 equity securities risk, growth stock risk, risk of being an underlying fund, and value stock risk.

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

The inception date for this account is 10/23/2009. We will not display year-to-date performance at this time.
Includes both separate account and fund level charges. The maximum total annual expense charge without the waiver is 1.33%. 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.

Effective October 23, 2009, the PVC Mid Cap Stock Account was merged into the PVC Mid Cap Blend Account. The performance shown reflects the performance of the PVC Mid Cap Blend Account from its inception.
Formerly PVC Mid Cap Blend Account - Class 1
Closed to new investors effective August 15, 2013
The Russell Midcap® Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap is a subset of the Russell 1000® Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership. The Russell Midcap represents approximately 31% of the total market capitalization of the Russell 1000 companies. You cannot invest directly in this index. Russell Midcap is a trademark and service mark 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, 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