Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

DFA VA International Value Portfolio

Seeks long-term capital appreciation. The VA International Value Portfolio, using a market capitalization weighted approach, purchases stocks of large non-U.S. companies in countries with developed markets that the Advisor determines to be value stocks.

Unit value as of 04/24/2014 : $33.31
Total return year-to-date as of 04/24/2014 : 1.78%
Expense charge 1 : 1.07%
Fund inception date : 05/01/2012
Investment class : International
Performance Comparison
  Performance Data
as of 04/23/2014
Average Annual Total Returns
as of 03/31/2014
  Unit
Values
Net
Change
YTD
Return
1 Year 3 Year 5 Year 10 Year Since Inception
DFA VA International Value Portfolio $33.31 0.00% 1.78% 20.22% -- -- -- 15.73%
MSCI World (excluding USA) Index; 2 -- -0.03% 1.58% 16.46% -- -- -- 15.14%

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 market risk, value investments risk, foreign securities and currencies risk, derivatives risk, and securities lending risk.

1.
Includes both separate account and fund level charges. The maximum total annual expense charge without the waiver is 1.27%. 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.
2.
The MSCI World ex U.S. Index (Net) is a free float-adjusted market capitalization index that is designed to measure international developed market equity performance, excluding the U.S.You can not invest directly in this index.

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.


© 2013 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017