Performance shown represents past performance, and is no guarantee of future results. Your policy value and the actual return of each investment subaccount will fluctuate in response to market conditions so that the value of your premium and payments and allocations, when redeemed, may be worth more or less than their original cost. 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. Current performance may be higher or lower than the performance quoted above.
You pay premiums for insurance coverage. You may allocate premiums and Policy value to one or more policy Separate Account subaccounts and the assets are then invested in a corresponding underlying fund, or you can allocate to a Fixed Account paying a guaranteed rate of interest. Each fund has a different investment objective which will affect its return and its risk.
Performance “Since Inception” is based upon the underlying fund account inclusion date. Performance for periods prior to the date the Underlying Fund was first included is based upon the performance of the underlying fund investment and applies contract charges assessed at the Separate Account level to approximate the performance the subaccount would have achieved. Such performance was not available in the variable annuity prior to the fund’s inclusion. The performance shown reflects fees and charges assessed by each subaccount’s underlying Fund and current mortality & expenses risk, administrative risk charges, and any optional benefit rider charges deducted from separate account assets. Some Fund advisors have agreed to limit their expenses; without these limits, performance would have been lower. The returns shown do not reflect contract fees 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 policy, you should obtain an illustration of values that reflects all charges applicable to your policy. Your registered representative can provide you with a personalized illustration. The current yield more closely reflects the account’s current earnings than does the total return.
This material is for informational or educational purposes only and does not constitute investment advice under ERISA, a securities recommendation under federal securities laws, or an insurance product recommendation under state insurance laws or regulations. This tool is intended to provide you with information to help you make informed decisions. You should not view or construe the availability of this tool as a suggestion that you take or refrain from taking a particular course of action, as the advice of an impartial fiduciary, as an offer to sell or a solicitation to buy or hold any securities, as a recommendation of any securities transactions or investment strategy involving securities (including account recommendations), a recommendation to rollover or transfer assets to TIAA or a recommendation to purchase an insurance product. In making this tool and information available to you, TIAA assumes that you are capable of evaluating the information and exercising independent judgment. As such, you should consider your other assets, income and investments and you should not rely on the information as the primary basis for making investment or insurance product purchase or contribution decisions. The information that you may derive from this tool is for illustrative purposes only and is not individualized or based on your particular needs. This material does not take into account your specific objectives or circumstances, or suggest any specific course of action. Investment, insurance product purchase or contribution decisions should be made based on your own objectives and circumstances. The purpose of the tool is not to predict future returns, but to be used as education only. The assumptions underlying this tool are provided here and will change over time and from time to time. Contact your tax advisor regarding the tax implications. You should read all associated disclosures.
1. For funds less than 1 year from inception, “since inception” will display cumulative returns. All other funds will display annualized returns.
2. The Fixed Account’s minimum rate is based on TIAA-CREF Life’s claims-paying ability.
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), Survivorship Variable Universal policy form series AM-JVUL.3 (2008), Universal Life policy form series AM-SUL.2 and AM-SUL.3 (2008), and Survivorship Universal Life policy form series AM-JUL.3 (2008) are issued by TIAA-CREF Life Insurance Company. 730 Third Avenue, New York, NY 10017. Not available in all states.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
The Morningstar Rating™ or “star rating” – is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange traded funds, closed-end funds and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The rating is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% 1 star. The weights are 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 40-year rating/30% five-year rating /20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give more weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Where applicable, ratings are based on linked performance that considers the differences in expense ratios. The Morningstar Rating™ is for individual share classes only. Other Classes may have different performance.
Although Morningstar data are gathered from reliable sources, neither Morningstar nor TIAA can guarantee its completeness and accuracy. Morningstar does not rate money market funds/accounts and other TIAA Funds are too new to be rated. Past performance does not guarantee future results. Accumulation net asset values and returns will vary.