Intelligent Variable Annuity

TIAA-CREF Life Bond

The fund seeks a favorable long-term total return through income as is consistent with preserving capital, primarily from fixed-income securities.

Unit value as of 02/07/2012 : $34.95
Total return year-to-date as of 02/07/2012 : 0.95%
Expense charge 1 : 0.95%
Inception date : 07/21/2003
Investment class : Fixed Income

As of 02/07/2012 : 30-day SEC Yield 2 : 2.01%
Performance Comparison
  Performance Data
as of 02/7/2012
Average Annual Total Returns
as of 01/31/2012
  Unit
Values
Net
Change
YTD
Return
1 Year 3 Year 5 Year 10 Year Since Inception
TIAA-CREF Life Bond $34.95 -0.23% 0.95% 6.78% 7.00% 4.92% -- 4.02%
Barclays Capital U.S. TIPS Index 3 -- -0.28% 1.60% 8.66% 7.40% 6.70% -- 5.46%

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.

Funds that invest in fixed income securities are not guaranteed and are subject to interest rate, inflation, and credit risks.

1.
Includes both separate account and fund level charges. A portion of the separate account charges has been waived. The maximum total annual expense charge without the waiver is 1.33%. 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 fund's 30-day SEC yield is based on yield to maturity of a fund's investments over a 30-day period and not on the dividends paid by the fund, which may differ.
3.
The Barclays Capital U.S. Aggregate Bond Index measures the performance of the U.S. investment-grade, fixed-rate bond market, including government and credit securities, agency mortgage pass-through securities, asset-backed securities and commercial mortgage-backed securities. You cannot invest directly in this index.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Investment products are not FDIC insured, may lose value, and are not bank guaranteed.

© 2012 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017