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INSURANCE INDUSTRY RATINGS

Financial Strength
Since 1918, millions of Americans have relied on TIAA-CREF's strength and stability for lifetime financial security.

About Our Ratings
For its stability, sound investments, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association (TIAA), along with its affiliate TIAA-CREF Life Insurance Company (TIAA-CREF Life)1, is one of a select few life insurance companies to hold the highest ratings from all four leading independent insurance industry-rating agencies.2


1 TIAA-CREF Life is a wholly owned subsidiary of Teachers Insurance and Annuity Association (TIAA). TIAA-CREF Life has received the highest possible ratings from these insurance rating agencies as a result of its relationship with TIAA.

2 Dates of ratings are as follows: Standard & Poor's, 6/09; Fitch Ratings, 6/09; Moody's Investors Service, 5/09; A.M. Best Company, 9/08. These ratings do not apply to variable annuities, mutual funds, or any other product or service not fully backed by TIAA's/TIAA-CREF Life's claims-paying ability.

Insurance and annuity products are available through TIAA, TIAA-CREF Life Insurance Company and CREF (New York, NY), each of which is responsible for its own financial obligation.

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© 2009 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017