Intelligent Life Variable Universal Life Insurance

Who Can Apply

U.S. residents to age 90

How Much You Can Buy

How Long You Are Covered

Your coverage will continue as long as the cash surrender value of your policy is sufficient to pay the monthly charges. This value will depend on a number of factors, including:

• the amount of premiums you pay
• the investment performance of the investment options you've chosen

If your investment options underperform, your policy may lapse.

Three Death Benefit Options

You can choose one of three  death benefit options:

Option A — Level death benefit
The death benefit is the same as your policy's face amount.

Option B — Increasing death benefit and cash value
The death benefit is the face amount plus your policy value.

Option C — Return of premium option
The death benefit is the face amount plus all the premiums credited to the policy since the issue date.

You have the flexibility to change your death benefit option or the amount of the death benefit. Some restrictions apply.

About Your Cash Value

• You can allocate your cash value to the investment options you choose. Get up-to-date performance information. (PDF)
• Your cash value grows tax deferred. 
• You have convenient access to your cash value through loans and withdrawals. Unpaid loans and withdrawals will reduce the death benefit.
  There may be tax consequences. A loan is generally not taxed to you as a withdrawal, unless the policy is a modified endowment contract ("MEC"). Withdrawals and loans from a MEC may give rise to an early withdrawal penalty of 10% of the amount subject to tax, unless certain circumstances apply. Please see the prospectus for details and consult your tax advisor.
• We collect only the actual state premium tax your state assesses for your premium.  Premium tax charges vary from state and can range from 0% to 3.50%.

• We deduct the cost of insurance and other policy expenses  from your cash value such as mortality & expense risk, annual portfolio operating, administrative and rider charges. Please see the prospectus for more details.

Investment Options

Convenient Payment Options

• Choose a payment amount to fit your budget.
• As your needs change, you can adjust the premium amount and how often you pay. Increase, decrease and even skip payments, within certain limits. Changes in premium payments may adversely impact the death benefit and/or cash value potential.
• You can choose to pay your premiums monthly, quarterly, semi-annually or annually. Monthly payments are only available with our electronic funds transfer (EFT) service.

Competitive Insurance Coverage

What Else You Can Do

Set up a dollar cost averaging program

This program allows you to make regularly scheduled transfers of $100  or more from the Fixed Account or TIAA-CREF Life Money Market Account to the variable accounts. An investment in this Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

Investing a set amount at regular intervals may reduce investment risk and can mean you pay a lower average cost per unit than if you invest a lump sum.

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.

Set up an automatic account rebalancing program

This program allows you to maintain your specified allocation mix among the investment options. You can direct us to readjust your allocations on a monthly, quarterly, semiannual or annual basis. Rebalancing does not protect against loss or guarantee that your financial goals will be met.

Optional Features & Riders

These riders may not be available in all states and some restrictions may apply.

Waiver of Monthly Charges

(Rider form series AM-SVWMC.2)

This rider provides that an insured who becomes totally disabled will not be required to pay the policy’s cost of insurance and rider charges. This rider is available at an additional cost and age restrictions may apply.  Please see the prospectus for details.

Living Choices® Benefit (Accelerated Death Benefits)

This accelerated death benefit makes it easier to deal with the financial burdens a terminal illness can bring by allowing you to access the death benefit early. This benefit automatically comes with your policy, but some restrictions may apply. Please call us for details. Not available in all states. Receipt of the accelerated death benefits may be taxable and may also affect eligibility for public assistance programs.

Institutional Charitable Benefit

(Rider form series TCL-CHAREDUC.1)

This rider, which must be elected before the issue date of the policy, pays a supplemental death benefit — over and above the base policy death benefit — of 1% of the face value. The beneficiary must be a qualified institution of higher learning or scientific or medical research institute

Objective Guidance
and
No-Obligation Quotes

Get more information, objective guidance and no-obligation quotes by calling one of our planning consultants at 1 877 276-9429.

Our specialized team of consultants has in-depth knowledge of life insurance products and estate planning and can offer comprehensive insurance planning.