Intelligent Life Variable Universal Life Insurance Intelligent Life Survivorship Variable Universal Life Insurance

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1 TIAA-CREF Life Insurance Company (TIAA-CREF Life) Intelligent Life Variable Universal Life Insurance Intelligent Life Survivorship Variable Universal Life Insurance Current subaccount performance period ending December 31, 2015 TIAA-CREF Life Fixed Account current crediting rate is 4.00%¹ Fixed Account guaranteed minimum crediting rate is 3.00%¹ Performance shown represents past performance only. Past performance is not an estimate or guarantee of future performance. Your contract value and the actual investment return of the subaccounts will fluctuate in response to market conditions and the specific portfolios you choose so that your contract, when redeemed, may be worth more or less than the amount of your purchase payments. Please refer to the section of the prospectus entitled Policy Benefits and Risks Summary for a description of the relationship between investment performance and contract benefits. Domestic equity Large-Cap date date Ytd 1 year 3 year 5 year 10 year Franklin Mutual Shares VIP-Class 1 2 3/9/ /8/ % -5.60% 8.53% 7.36% 4.05% 6.25% PVC Equity Income Account - Class 1 3/9/2006 4/28/ % -4.84% 10.27% 9.41% 5.53% 6.76% Prudential Series -Value Portfolio-Class II 3/9/2006 5/14/ % -9.41% 8.91% 6.37% 3.92% 4.07% TIAA-CREF Life Large-Cap Value 3/9/ /28/ % -5.90% 10.56% 8.42% 4.92% 7.83% Prudential Series -Jennison 20/20 Focus Portfolio-Class II 3/9/2006 2/15/ % 4.86% 12.40% 8.04% 6.04% 5.40% Neuberger Berman AMT Large-Cap Value Portfolio - Class I 3/9/2006 3/22/ % % 7.28% 4.60% 2.33% 6.60% TIAA-CREF Life Growth & Income 3/9/2006 4/3/ % 2.36% 14.45% 12.01% 8.22% 3.84% TIAA-CREF Life Social Choice 3/9/2006 4/3/ % -3.62% 12.07% 9.50% 5.83% 3.17% TIAA-CREF Life Stock Index 3/9/2006 1/4/ % -0.52% 13.57% 11.04% 6.33% 4.47% Janus Aspen Forty-Inst. Shares 3/9/2006 5/1/ % 11.16% 15.88% 12.08% 8.23% 9.97% ClearBridge Variable Aggressive Growth Portfolio 3 4/26/ /1/ % -2.66% 19.33% 15.19% 7.91% 7.07% MFS Growth Series-Initial Class 4 3/9/2006 7/24/ % 6.54% 15.94% 12.34% 8.29% 7.68% MFS Massachusetts Investors Growth Stock Portfolio 5 3/27/2015 5/6/ % -1.06% 12.18% 10.36% 6.44% 4.11% TIAA-CREF Life Growth Equity 3/9/2006 4/3/ % 8.63% 18.39% 14.17% 8.04% 1.10% DFA VA US Large Value Portfolio 5/1/2012 1/12/ % -4.32% 12.98% 10.75% 5.70% 8.04% 1

2 date date Ytd 1 year 3 year 5 year 10 year Domestic equity (cont.) Vanguard VIF Capital Growth Portfolio 12/12/ /3/ % 1.65% 17.83% 12.93% 8.81% 10.49% Vanguard VIF Equity Index Portfolio 12/12/2014 4/29/ % 0.31% 13.88% 11.35% 6.19% 8.18% Mid-Cap Neuberger Berman AMT Mid-Cap Intrinsic Value Portfolio - Class I 3/9/2006 8/22/ % -9.20% 11.60% 8.06% 4.92% 6.81% Janus Aspen Perkins Mid-Cap Value-Inst. Shares 3/9/2006 5/1/ % -4.38% 8.77% 6.44% 6.09% 9.38% PVC Mid-Cap Account - Class /23/ /18/ % 0.68% 14.34% 13.66% 9.51% 11.77% Wanger U.S.A. 3/9/2006 5/3/ % -1.55% 10.63% 9.00% 5.85% 10.35% Wanger Select 3/9/2006 2/1/ % -0.70% 10.59% 5.29% 5.64% 8.76% Matson Money U.S. Equity VI Portfolio 2/18/2014 2/18/ % -5.20% 0.55% Vanguard VIF Mid-Cap Index Portfolio 12/12/2014 1/8/ % -2.37% 13.66% 10.33% 6.78% 8.75% Small-Cap Delaware VIP Small-Cap Value-Std Class 3/9/ /27/ % -7.11% 8.81% 7.27% 6.04% 9.32% Royce Capital Micro-Cap Portfolio-Investment Class 3/9/ /27/ % % -0.25% -1.63% 2.57% 8.68% Royce Capital Small-Cap Portfolio-Investment Class 3/9/ /27/ % % 6.04% 4.95% 5.00% 9.43% TIAA-CREF Life Small-Cap Equity 3/9/ /28/ % -1.09% 13.19% 9.21% 6.14% 9.81% Franklin Small-Mid Cap Growth VIP-Class 1 7 3/9/ /1/ % -3.37% 12.28% 8.04% 6.12% 7.34% ClearBridge Variable Small-Cap Growth Portfolio 8 3/9/ /8/ % -5.28% 12.46% 11.06% 7.80% 7.24% DFA VA US Targeted Value Portfolio 5/1/ /3/ % -6.13% 11.37% 9.22% 4.75% 9.37% Vanguard VIF Small Company Growth Portfolio 12/12/2014 6/3/ % -3.67% 12.72% 10.31% 7.07% 9.19% International equity Large-Cap Delaware VIP International Value Equity-Std Class 3/9/ /29/ % -0.46% 3.08% 1.16% 1.23% 5.47% Templeton Developing Markets VIP-Class 1 9 3/9/2006 3/4/ % % % -7.69% 0.25% 0.78% TIAA-CREF Life International Equity 3/9/2006 4/3/ % -1.92% 3.24% 1.53% 2.32% 0.96% Janus Aspen Overseas-Inst. Shares 4 3/9/2006 5/1/ % -9.46% -3.56% -7.50% 2.76% 7.61% MFS Global Equity Series-Initial Class 3/9/2006 5/3/ % -2.35% 8.35% 8.05% 6.48% 5.94% DFA VA International Value Portfolio 5/1/ /3/ % -7.84% 0.70% -0.53% 1.34% 4.89% John Hancock Emerging Markets Value Trust 12/12/2014 5/1/ % % % -9.37% -1.94% Mid-Cap Wanger International 3/9/2006 5/3/ % -0.85% 4.40% 2.99% 6.02% 10.99% DFA VA International Small Portfolio 5/1/ /3/ % 4.81% 7.18% 4.21% 4.52% 5.58% Matson Money International Equity VI Portfolio 2/18/2014 2/18/ % -4.65% -6.79% Fixed income Delaware VIP Diversified Income-Std Class 3/9/2006 5/16/ % -2.02% -0.01% 2.27% 4.96% 4.76% PIMCO Global Bond-Unhedged-Institutional Class 3/9/2006 1/31/ % -4.80% -4.28% -0.14% 3.49% TIAA-CREF Life Bond 3/9/2006 7/8/ % -0.38% 0.50% 2.51% 3.24% 3.00% 2

3 date date Ytd 1 year 3 year 5 year 10 year Fixed income (cont.) PIMCO Real Return-Institutional Class 3/9/2006 4/10/ % -3.48% -3.84% 1.22% 3.08% 5.13% Western Asset Variable GL High Yield Bond Portfolio - Class I 10 4/26/2007 5/1/ % -6.73% -1.31% 2.57% 4.00% 4.95% T. Rowe Price Limited-Term Bond Portfolio 3/5/2012 5/13/ % -0.64% -0.59% 0.07% 1.76% 3.06% DFA VA Global Bond Portfolio 5/1/2012 1/12/ % 0.59% 0.39% 1.70% 2.74% 4.18% DFA VA Short-Term Fixed Portfolio 5/1/ /3/ % -0.65% -0.71% -0.55% 0.87% 2.00% PIMCO VIT Emerging Markets Bond Portfolio - Inst. Class 11/1/2013 4/30/ % -3.02% -3.40% -0.42% Matson Money Fixed Income VI Portfolio 2/18/2014 2/18/ % -1.21% -0.99% Vanguard VIF High Yield Bond Portfolio 12/12/2014 6/3/ % -2.51% 1.39% 4.56% 4.80% 4.91% Vanguard VIF Total Bond Market Index Portfolio 12/12/2014 4/29/ % -0.61% 0.30% 1.98% 3.38% 4.79% Balanced Franklin Income VIP-Class /9/2006 1/24/ % -7.72% 2.75% 4.30% 4.62% 7.49% Calamos Growth & Income 12 3/9/2006 5/19/ % 0.17% 6.92% 4.99% 4.41% 5.85% PIMCO All Asset-Institutional Class 3/9/2006 1/31/ % -9.81% -3.63% 0.63% 2.59% DFA VA Global Moderate Allocation Portfolio 11/1/2013 4/8/ % -2.96% 3.62% TIAA-CREF Life Balanced 2/14/2014 1/31/ % 0.32% 3.40% Sector specific MFS Utilities Series-Initial Class 3/9/2006 1/3/ % % 4.12% 6.06% 7.34% 10.18% TIAA-CREF Life Real Estate 3/9/ /28/ % 3.38% 9.91% 10.74% 6.11% 10.44% Prudential Series - Natural Resources Portfolio-Class II 3/9/2006 4/28/ % % % % -1.68% 2.21% VY Clarion Global Real Estate Portfolio-Class I 13 5/1/2010 1/3/ % -2.35% 4.34% 5.92% 4.10% PIMCO VIT Commodity Real Return Strategy Portfolio - Inst. Class 11/1/2013 4/30/ % % % % Credit Suisse Trust- Commodity Return Strategy Portfolio 11/1/2003 2/28/ % % % % -6.79% T. Rowe Price Health Sciences Portfolio I 12/12/ /29/ % 11.69% 29.58% 25.42% 15.16% 10.68% Vanguard VIF REIT Index Portfolio 12/12/2014 1/8/ % 1.26% 9.77% 10.57% 6.31% 9.80% Other TIAA-CREF Life Money Market (Current Yield -0.83%, Effective Yield -0.83%) 14,15 3/9/2006 7/8/ % -0.95% -0.94% -0.93% 0.42% 0.55% 3

4 1 Based upon TIAA-CREF Life s claims-paying ability. 2 Formerly Mutual Shares Securities - Class 1 3 Formerly Legg Mason ClearBridge Variable Aggressive Growth Portfolio 4 Effective February 18, 2013, the Janus Aspen Overseas - Inst Shares and the MFS Growth Series- Initial Class are closed to new investors. 5 Effective March 27, 2015, the MFS Investors Growth Stock Series-Initial Class merged with the MFS Massachusetts Investors Growth Stock Portfolio. 6 Formerly PVC Mid-Cap Blend Account - Class 1. Closed to new investors effective August 15, Formerly Franklin Small-Mid Cap Growth Securities - Class 1 8 Formerly Legg Mason ClearBridge Variable Small-Cap Growth Portfolio 9 Formerly Templeton Developing Markets Securities - Class 1 10 Formerly Legg Mason Western Asset Variable GL High Yield Bond Portfolio - Class I 11 Formerly Franklin Income Securities - Class 1 12 Effective July 30, 2012, the Calamos Growth & Income Portfolio is closed to new investors. 13 Formerly ING Clarion Global Real Estate Portfolio - Class I 14 The 7-Day Current Yield of -0.83% is as of 12/31/2015 (Effective Yield -0.83%). The yield quotation more closely reflects the current earnings of the fund than does the total real return quotation. 15 The TIAA-CREF Life Money Market, as in other funds, is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. 4

5 A current copy of the TIAA-CREF Life Insurance Company (TIAA-CREF Life) Intelligent Life Variable Universal Life (VUL) prospectus and underlying funds prospectuses or Intelligent Life Survivorship Variable Universal Life (SVUL) prospectus and underlying funds prospectuses must accompany or precede this material. TIAA-CREF Life products may be subject to market and other risk factors. See the applicable product literature, or visit for details. Beginning July 7, 2011, part or all of the investment management fees of the TIAA-CREF Life Money Market may be voluntarily waived. Without this waiver, current and effective annualized yields and total returns would be lower. This fee waiver may be discontinued at any time without notice. For time periods predating the Inception Date but not the Inception Date, hypothetical performance is shown based upon the Inception Date, applying contract charges assessed at the Separate Account level to approximate the performance the subaccount would have achieved. The method of calculating extended performance may vary over time. The performance shown reflects fees and charges assessed by each subaccount s underlying and current mortality and expense risk and administrative risk charges deducted from separate account assets. Some advisors have agreed to limit their expenses; without these limits, performance would have been lower. The returns shown do not reflect the individual cost of insurance or premium taxes levied by some states. Had these fees and charges been deducted, the performance quoted would have been lower. Before purchasing a Variable Life contract, you should obtain an illustration of values that reflects all charges applicable to your contract. Your registered representative can provide you with a personalized illustration. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products. Variable Universal Life Insurance, policy form series AM-SVUL.2 and AM-SVUL.3 (2008); and Survivorship Variable Universal Life Insurance, policy form series AM-JVUL.3 (2008), are issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Not available in all states TIAA-CREF Life Insurance Company (TIAA-CREF Life), 730 Third Avenue, New York NY C21202