Lifetime Fixed V
Lifetime Fixed V is a single premium deferred annuity from TIAA-CREF Life Insurance Company (TIAA-CREF Life). Lifetime Fixed V is an after-tax investment vehicle that offers the benefits of tax-deferred growth until the your client reaches age 90¹, and will help ensure he or she will have added income that lasts for a lifetime.²

How it works
With Lifetime Fixed V, your client applies a single sum of after-tax money to an annuity contract for a five-year period and receives a guaranteed rate of interest. At the end of the five-year period, he or she can renew the contract, take a lump-sum distribution with no surrender charges, or elect to receive an income benefit for the annuitant's lifetime (who can be the contract owner or another person), or a fixed period.² Your client can also exchange the accumulation tax-free to another annuity contract offered by TIAA-CREF Life. If your client does not elect an income benefit, the contract will be automatically renewed for another five-year period at the interest rate in effect at that time.

Lifetime Fixed V features:

•	An attractive guaranteed rate of interest for five years (currently 3.00%, subject to change)
•	The ability to save on a tax-deferred basis until age 901
•	Access to up to 10% of the initial premium each year with no surrender charge3
•	Choice of income options, including lifetime benefits2
•	Minimum initial premium $10,000

Lifetime Fixed V also gives your client easy access to up to 10% of the initial contribution each year with no surrender charge. Annual withdrawals in excess of 10% of the initial contribution are subject to surrender charges³, which are calculated as a percentage of the initial contribution and decline in each contract year. At withdrawal, interest on Lifetime Fixed V is subject to income tax and, before age 59½, may be subject to a 10% federal tax penalty.

Your client can supplement his or her income by electing to receive regular, automatic payments from a Lifetime Fixed V contract, with the flexibility to stop withdrawals at any time. The contract owner can choose to receive a fixed dollar amount, a percentage, or interest earned.

Solutions for Usage
Consider Lifetime Fixed V for your clients if they have reached their before-tax contribution limits and want to set aside additional money for retirement. Call Advisor Services at 1 888 842-0318 weekdays between 8:00 a.m. and 5:00 p.m., ET for more information.

Lifetime Fixed V is a single premium deferred annuity contract issued by TIAA-CREF Life Insurance Company, a wholly owned subsidiary of Teachers Insurance and Annuity Association, 730 Third Avenue, New York, NY 10017-3206.

Note: This product is not available in all states.

Lifetime Fixed V notes
1	The maximum age at purchase is 85.
2	Subject to the claims-paying ability of TIAA-CREF Life.
3	Surrender charges are calculated as a percentage of the initial contribution and decline in each contract year as follows: contract year 1 = 6%; year 2 = 6%; year 3 = 5%; year 4 = 4%, year 5 = 3%.
4	Contributions in excess of $1,000,000 require pre-approval.
© 2006 TIAA-CREF Life Insurance Company, New York, NY (Contract form series TCL-LFV1-STD)

Lifetime Variable Select
Lifetime Variable Select -- a flexible premium deferred variable annuity from TIAA-CREF Life Insurance Company (TIAA-CREF Life) -- is an after-tax investment vehicle that features low expenses, no transfer fees and no surrender charges.

Product Highlights

•	The ability to invest on a tax-deferred basis until age 90
•	Choice of income options, including lifetime benefits1
•	A low initial investment of only $2,5002
•	A choice of 10 variable investment accounts, eight equity accounts, a fixed income account and a money market account. View performance and account profiles
•	The ability to reallocate investment with no transfer fees
•	Easy automatic investing to maximize return potential3
•	The convenience of systematic withdrawal4
•	Guaranteed minimum death benefit
•	No surrender charge

Solutions for Usage
Consider Lifetime Variable Select for your clients if they have reached their before-tax contribution limits and want to set aside additional money for retirement. Call Advisor Services at 1 888 842-0318 weekdays between 8:00 a.m. and 5:00 p.m., ET for more information.

Variable Annuity Select Variable Annuity contract and the TIAA-CREF Life Funds are distributed by Teachers Personal Investors Services, Inc., a wholly owned subsidiary of Teachers Insurance and Annuity Association.

Note: This product is not available in all states.

Lifetime Variable Select notes
Variable annuity information must be accompanied or preceded by a current prospectus. Please read the prospectuses before you invest or send money.
1	Income benefits from the variable investment accounts are not guaranteed and subject to market fluctuations.
2	The minimum amount for subsequent premiums is $50. A maintenance charge of $25 will be assessed on contract accumulations of less than $25,000.
3	Automatic investing (dollar cost averaging) is available on contract accumulations of at least $10,000. Dollar cost averaging does not assure a profit or protect against a loss in declining markets. Because such a strategy involves periodic investment, you should consider your financial ability and willingness to continue purchases through periods of low price levels.
4	Systematic withdrawal is available on contract accumulations of at least $10,000.
© 2006 TIAA-CREF Life Insurance Company, New York, NY (Contract form series TCL-LVS1)

TIAA-CREF Life Insurance Company currently does not offer an immediate annuity.