Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

Prudential Series Fund - Value Portfolio - Class II

Seeks capital appreciation by investing primarily in common stocks that are believed to be undervalued—those stocks that are trading below their underlying asset value, cash generating ability, and overall earnings and earnings growth, and that also have identifiable catalysts that may be able to close the gap between the stock price and what is believed to be the true worth of the company.

Unit value as of 07/29/2016 : $34.33
Total return year-to-date as of 07/29/2016 : 1.51%
Expense charge 1 : 1.42%
Inception date : 02/05/2008
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
Prudential Series Fund - Value Portfolio - Class II $32.26 -0.65% -4.62% -17.00% 4.01% 3.45% -- 2.74%
Standard & Poor's 500® Index 2 -- -0.18% -0.86% -- -- -- -- --

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, market and management risk, value style risk, foreign investment risk, real estate risk, and expense risk.

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

Includes both separate account and fund level charges. The maximum total annual expense charge without the waiver is 1.62%. 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 S&P 500® Index is a market capitalization-weighted index of 500 leading companies in leading industries of the U.S. economy. You cannot invest directly in this index. S&P 500 is a registered trademark and service mark of the McGraw-Hill Companies.

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