Document:

FLIO Endorsement to TIAA-CREF Investment Horizon Annuity Contract

 Exhibit 4(C) 
 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 
  

TIAA-CREF Life Insurance Company 
 730 Third Avenue, New York, N.Y. 10017-3206 
 Telephone: [877-694-0305]

 Endorsement to Investment Horizon Annuity Contract 
 This endorsement adds to and/or modifies the provisions of your TIAA-CREF Investment Horizon Annuity Contract and becomes part of it. Please read this endorsement and attach it to your contract.

 The following sentence replaces the second sentence in the General Description section: 

You allocate your premiums among the available fixed term deposits and the available Flexible Lifetime Income Option (FLIO) accounts.

 The following sentence replaces the first sentence of the third paragraph in the General Description section:

 You may withdraw all or part of your contract accumulation. 
 The following sentence is added as the second sentence in the fourth paragraph in the General Description section: 

In addition, a market value adjustment applies to withdrawals from a FLIO account balance. 

The following replaces the fifth paragraph in the General Description section: 

If the annuitant or either owner dies while there is a contract accumulation available under your contract, we will pay the contract
accumulation as a death benefit. A FLIO death benefit will be payable to your beneficiary(ies), as described below. 
 The minimum
accumulation interest rate, as defined on page 3 of your contract, applies only to the short term holding account and to any fixed term deposits. A FLIO Account balance interest rate applies to FLIO account balances. 

The fixed term deposit market value adjustment rate and the FLIO market value adjustment rate may differ. 

A surrender charge no longer applies to the withdrawals from the fixed term deposits. The section defining a surrender charge rate and all
other references to surrender charges in connection with withdrawals from a fixed term deposit in your contract are deleted. A FLIO surrender charge applies to FLIO account withdrawals, as described below. 

The Annuity Starting Date section is replaced with the following: 

The Annuity Starting Date is the date on which you begin to receive income benefits under an income option. 

The Beneficiaries section is replaced with the following: 

Beneficiaries are persons you name, in a form satisfactory to us, to 

 

	 	A)	receive the death benefit as death benefit payees if either owner dies while there is a contract accumulation available under your contract and the annuitant is alive;
or 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

  

	 	B)	become owners, and receive any benefits remaining due as owners under any income option other than a FLIO, if the last surviving owner has died.

  

	 	C)	receive the death benefit as a death benefit payee if death benefits become payable under a FLIO. 

At any time you may name, change, add or delete beneficiaries, by written notice to us, as explained in section 52 of your
contract. 
 You can name two classes of beneficiaries, primary and contingent, which set the priority of
payment or ownership. Any primary beneficiaries who are alive when benefits become available are your “beneficiaries.” If no primary beneficiary is then alive, any surviving contingent beneficiaries are your “beneficiaries.” If a
class contains more than one person, the then-living persons in the class will receive the death benefit or become owners in equal shares, unless you provide otherwise. The shares of any beneficiaries in a class who are not alive when benefits
become available will be allocated in equal shares to the beneficiaries in such class who are alive, even if you’ve provided for these beneficiaries to receive unequal shares. 

No living beneficiaries. If the death benefit becomes available while the annuitant is alive, and none of the
beneficiaries you named is alive, or you never named a beneficiary, the death benefit will be paid to the surviving owner, if any, or else to the estate of the last surviving owner. 

If the last surviving owner dies while payments remain due under any income option other than a FLIO and if none of the
beneficiaries you named is alive after the death of the last surviving owner, or you never named a beneficiary, the commuted value of any income benefits remaining under such income option due will be paid to the estate of the last surviving owner
in one sum. 
 Payments after the death of a beneficiary. Any periodic payments or other amounts
remaining due after the death of a beneficiary during a guaranteed or fixed period will be paid to the payee named to receive them. The commuted value of these payments may be paid in one sum unless the owner(s) direct us otherwise. The payee
designated to receive these payments is named at the time the payment method is chosen. 
 If no payee has been
named to receive these payments, or if no one so named is living at the death of the beneficiary, the commuted value will be paid in one sum to the beneficiary’s estate. 

If a payee receiving these payments dies before the end of the guaranteed or fixed period, the commuted value of any
payments still due that person will be paid to any other payee named to receive it. If no one has been so named, the commuted value will be paid to the estate of the last payee who was receiving these payments. 

The first paragraph of the Death Benefit Payees section is replaced with the following: 

The Death Benefit Payees are persons or entities that receive the death benefit. If either owner dies while there is still a
contract accumulation available under your contract, the beneficiaries will be the death benefit payees. If the annuitant dies before either owner, and the annuitant is not the owner, the owner(s) will be the death benefit payee(s). Beneficiaries
will be the death benefit payees for any FLIO death benefits that become payable. 
 The General Account section is replaced
with the following: 
 The General Account consists of all of TIAA-CREF Life’s assets other than those in
separate accounts. All short-term holding account accumulations and all FLIO account balances are part of the general account. 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 The Second Annuitant section is replaced with the following: 

You name a Second Annuitant if you choose an income benefit under a two-life annuity option. You may choose any person eligible
under TIAA-CREF Life’s practices then in effect to be a second annuitant. 
 The Protection Against Contract Termination or
Forfeiture section is replaced with the following: 
 At any time after the second anniversary of the date of
issue, if the amount of monthly income benefit that would be provided by your accumulation under the one-life annuity option as of your latest allowable annuity starting date, as described in your contract, would be less than $20, and you have no
active income options in the process of payment, then we may pay you your accumulation and terminate this contract. Otherwise, your rights under this contract will remain in force. 
 The first and second sentences of the Premiums section are replaced with the following: 
 Premiums paid to the fixed term deposits cannot be less than $5,000 and we reserve the right to increase this minimum in the future. Premiums paid to establish a FLIO account cannot be less than
$25,000.We reserve the right to limit total premiums under this contract to $500,000 in any calendar year. 
 The Allocation of
Premiums section is replaced with the following: 
 You allocate your premiums among the available fixed term
deposits and FLIO accounts. A premium will not be credited under this contract unless we have received valid allocation instructions from you in a form acceptable to us. Your allocation instructions are not valid if you allocate any part of a
premium to a fixed term deposit or FLIO account that is not then available under this contract. 
 The third paragraph of the
Availability of Fixed Term Deposits section is replaced with the following: 
 No fixed term
deposit that matures during or after the earliest calendar month containing the annuitant’s or either owner’s
90th birthday will be available under this contract.

 The third sentence of the Maturity of a Fixed Term Deposit section is replaced with the following: 

Prior to maturity, you must instruct us to apply the proceeds to one or more new fixed term deposits then available, to a FLIO account,
or to transfer the proceeds out of this contract. 
 The Fixed Term Deposit Accumulation section is replaced with the
following: 
 A Fixed Term Deposit Accumulation equals: 

premiums, proceeds of prior fixed term deposits, FLIO payments amounts and short-term holding account accumulation applied to the fixed
term deposit; 
  

	 	plus	interest credited to the fixed term deposit at the minimum accumulation interest rate; 

 

	 	plus	additional amounts credited to the fixed term deposit; 

  

	 	less	any deductions of premium taxes incurred by us for the fixed term deposit; 

 

	 	less	any withdrawals from the fixed term deposit. 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 The Contract Accumulation section is replaced with the following:

 Your Contract Accumulation equals the sum of your fixed term deposit accumulations and your short-term holding
account accumulation. It does not include any FLIO account balances. Once your entire contract accumulation has been applied to begin payment of an income benefit or death benefit or to establish a FLIO account, we will have fulfilled all
obligations concerning your contract accumulation. 
 The following is added to the first paragraph of the Payment of the Income
Benefit section: 
 If your contract accumulation is less than or equal to $25,000 and you want to begin
receiving income, you must convert your entire contract accumulation to annuity income. If your contract accumulation is greater than $25,000 and you want to begin receiving income, you must convert at least $25,000 of your contract accumulation to
annuity income. 
 The Amount of the Income Benefit section is replaced with the following: 

The Amount of the Income Benefit will be determined as of the annuity starting date for the income benefit by: 

 

	 	A)	your fixed term deposit accumulations applied to provide the income benefit; 

 

	 	B)	your short-term holding account accumulation; 

  

	 	C)	any FLIO payment amounts applied to the income benefit applied to provide the income benefit; 

 

	 	D)	your FLIO account balances applied to provide the income benefit; 

  

	 	E)	any applicable market value adjustments, as described in the rate schedule; 

 

	 	F)	any applicable FLIO surrender charges, as described in the rate schedule; 

  

	 	G)	the rates specified in the rate schedule; 

  

	 	H)	the income option and payment frequency you choose; 

  

	 	I)	if you choose a one-life annuity, the annuitant’s age; and 

  

	 	J)	if you choose a two-life annuity, the annuitant’s age and the second annuitant’s age. 

For each fixed term deposit more than one year prior to maturity on the annuity starting date, will be subject to a market value
adjustment equal to the fixed term deposit accumulation multiplied by the applicable fixed term deposit market value adjustment rate. For any FLIO account balance applied to an income benefit, the FLIO market value adjustment will be the FLIO
account balance multiplied by the applicable FLIO market value adjustment rate. The FLIO surrender charge will be the FLIO account balance multiplied by the applicable FLIO surrender charge rate described in the rate schedule. Market value
adjustments may result in increases or decreases in income amounts. 
 The Starting the Income Benefit section is
replaced with the following: 
 Starting the Income Benefit. An income benefit will be effective and
payments will begin as of the scheduled annuity starting date for that income option if the primary owner, joint owner (if any), and the annuitant are then living and: 
  

	 	A)	you have chosen one of the income options set forth in section 36; and 

  

	 	B)	if you choose a one-life annuity, we have received due proof of the annuitant’s age; and 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

  

	 	C)	if you choose a two-life annuity, we have received due proof of the annuitant’s age and the second annuitant’s age. 

You may change the annuity starting date for an income option by written notice to us prior to the scheduled date, as
explained in section 52 of your contract. You may change the annuity starting date to the first of any month at least ten days following the date of the change, but not to a month: 

 

	 	A)	earlier than fourteen months after the date of issue shown on page 3; or 

  

	 	B)	 later than the earliest calendar month containing the annuitant’s or either owner’s
90th birthday. 

If you have a contract accumulation for which you have not chosen an annuity starting date prior to the first of the
earliest month in which the annuitant or either owner turns age 90, you will be deemed to have chosen that date as the annuity starting date for such remaining contract accumulation. 
 The last paragraph of the Income Options section is replaced with the following: 
 Automatic Election Provision. If, as of the latest annuity starting date determined in accordance with the Starting the Income Benefit section above, you have not chosen one of the income options
described in this contract, you will be deemed to have chosen a one-life annuity with a ten-year guaranteed period, or a shorter period if required to meet federal tax law. 
 The Distribution Requirements upon Death of the Owner(s) section is replaced with the following: 
 Distribution Requirements upon the Death of the Owner(s). If the last surviving owner dies while income benefits remain due, any income benefit remaining due must be distributed at least as rapidly
as under the income option on which the income payments were being made as of the date of death. 
 The following provisions introduce the
Flexible Lifetime Income Option (FLIO) feature that is now part of your contract. 
 FLIO Account. Premiums,
proceeds of a fixed term deposit or amounts in the short-term holding account may be allocated to a FLIO account. The minimum amount needed to establish a FLIO account is $25,000. This contract may not contain more than 120 FLIO accounts at any one
time. We reserve the right to determine at which ages FLIO accounts will be available and we do not guarantee that FLIO accounts will be available at all ages and under all options described below. 

The Amount of the FLIO Payments will be equal to the Initial FLIO payment described below subject to adjustments as described in the FLIO Account
Withdrawal section of this endorsement. The Initial FLIO Payments will be determined as of the annuity starting date for the FLIO account based on: 
  

	 	A)	premiums applied to the FLIO account; 

  

	 	B)	any fixed term deposit accumulations applied to the FLIO account; 

  

	 	C)	any applicable market value adjustments; 

  

	 	D)	any short-term holding account accumulation applied to the FLIO account; 

  

	 	E)	the FLIO annuity purchase rates specified in the rate schedule; 

  

	 	F)	whether you have chosen the FLIO one-life annuity or the FLIO two-life annuity and payment frequency you choose; 

 

	 	G)	if you choose a FLIO one-life annuity, the FLIO annuitant’s age; and 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

  

	 	H)	if you choose a FLIO two-life annuity, the FLIO annuitant’s age and the FLIO second annuitant’s age. 

Starting your FLIO Payments. A FLIO income benefit will be effective and FLIO payments will begin as of the annuity starting date for the FLIO
account, if: 
  

	 	A)	you have chosen either a FLIO one-life annuity or a FLIO two-life annuity as set forth in the Flexible Lifetime Income Options (FLIOs) section below; and

  

	 	B)	if you choose a FLIO one-life annuity, we have received due proof of the FLIO annuitant’s age; and 

 

	 	C)	if you choose a FLIO two-life annuity, we have received due proof of the FLIO annuitant’s age and the second FLIO annuitant’s age. 

A FLIO one-life annuity may not begin after the FLIO annuitant attains age 90. A FLIO two-life annuity may not begin after
the FLIO annuitant or the FLIO second annuitant attains age 90. 
 The FLIO annuitant is the natural person whose
life is used in determining the FLIO benefit to be paid. The FLIO annuitant must be over 59 1/2. If the primary owner of the contract is a natural person, the FLIO annuitant must be the primary owner of the contract. If the primary owner of the contract is a trust, the trust must name the FLIO
annuitant. 
 You name a FLIO Second Annuitant if you choose FLIO payments to be made under a FLIO two-life
annuity. The FLIO second annuitant must be the spouse of the FLIO annuitant and must be over 59  1/2. Under a FLIO two-life annuity, the lives of the FLIO annuitant and the FLIO second annuitant are used in determining the FLIO benefit. If you have multiple FLIO accounts, you must choose the same FLIO
second annuitant for all FLIO accounts. If the FLIO annuitant dies, the FLIO second annuitant will: 
  

	 	A)	continue to receive FLIO payments for as long as he or she is alive; 

  

	 	B)	have the right to change the beneficiary(ies) designated to receive the FLIO death benefit, as described below; and 

 

	 	C)	be able to make FLIO account withdrawal, as described below. 

 Flexible Lifetime Income Options (FLIOs) are the ways in which you may have the FLIO payment paid. Upon establishing a FLIO account, you may choose either of the options described below. Once this
choice is made, it cannot be changed. Guaranteed periods are not available under the FLIOs. 
 The FLIOs are described as
monthly payments, but you may choose quarterly, semiannual or annual payments. If the FLIO benefit would be less than $100 a month, we will have the right to change to quarterly, semiannual or annual payments, whichever will result in payments of
$100 or more and the shortest interval between payments. Once payments have begun, the frequency cannot be changed. 
 The
periodic amount paid depends on which of these options you choose: 
 FLIO One-Life Annuity. The FLIO payment will be
made each month until the date of the FLIO annuitant’s death. After the FLIO annuitant’s death no further FLIO payments will be made. 
 FLIO Two-Life Annuity. The FLIO payment will be made each month until the FLIO annuitant and the FLIO second annuitant both die. After the death of both the FLIO annuitant and the FLIO second
annuitant no further FLIO payments will be made. 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 The FLIO Income Security Date will be determined for each FLIO account at the time the FLIO
account is established. This is the date that FLIO payments will resume if FLIO payments previously terminated because the FLIO account balance was reduced to zero due to withdrawal activity. 
 The Total FLIO Account Balance Interest Rate applicable to a FLIO account is the total effective annual interest rate we credit that FLIO account. This rate will be set when the FLIO account is
established and will not change. Total FLIO account balance interest rates are declared under applicable schedules of rates by TIAA-CREF Life. The total FLIO account balance interest rate will never be less than the minimum FLIO account balance
interest rate as defined in the rate schedule. 
 A FLIO Account Balance equals the greater of $0 and the result of A) through D) as
follows: 
  

	 	A)	the amounts allocated to that FLIO account; plus 

  

	 	B)	interest credited at the total FLIO account balance interest rate, as defined in the rate schedule; less 

 

	 	C)	any FLIO payments from that FLIO account; less 

  

	 	D)	the value of any FLIO account withdrawals from that FLIO account. 

 You may make a FLIO Account Withdrawal at any time after the right to examine period while there is a remaining FLIO account balance. A FLIO account withdrawal request must be received by us at the
location that we designate, in good order and in accordance with procedures established by us or as required by law. A FLIO account withdrawal will be effective, and all values determined as of the end of the business day in which we receive your
request in a form acceptable to us, unless you choose to defer the effective date to a future day acceptable to us. A request for a FLIO account withdrawal cannot be revoked after its effective date. FLIO account withdrawals may not be reinvested in
the contract. 
 The amount of the FLIO account withdrawal can be your entire FLIO account balance or any partial amount of at
least $1,000. The FLIO account balance will be reduced by the amount of any FLIO account withdrawal. Any remaining FLIO payments payable before the FLIO income security date will be reduced by the same percentage as the decrease in the FLIO account
balance associated with that FLIO account withdrawal. If an entire FLIO account balance is withdrawn, then the FLIO payments associated with that FLIO account will cease entirely until the FLIO income security date. Any FLIO payments payable on or
after the FLIO income security date will be unaffected by FLIO account withdrawals. We reserve the right to require that a FLIO account withdrawal be for the entire remaining FLIO account balance if the requested amount of withdrawal would reduce
each of the remaining FLIO payments payable before the FLIO income security date to less than $100. 
 If you make a FLIO account withdrawal,
the amount paid to you will be different than the FLIO account withdrawal amount that you requested as a result of the following: 
  

	 	•	 	 The amount paid to you will be decreased by a FLIO surrender charge equal to the FLIO withdrawal amount multiplied by the FLIO surrender charge rate
described in the rate schedule. 

  

	 	•	 	 The amount paid to you will be increased or decreased by a FLIO market value adjustment equal to the withdrawal amount multiplied by the FLIO market
value adjustment rate described in the rate schedule. 

 FLIO Death Benefit. If, under a FLIO one-life annuity, the
FLIO annuitant dies, the FLIO account balance, if any, will be paid to your beneficiary(ies) as a death benefit. If, under a FLIO two-life annuity, the FLIO annuitant and the FLIO second annuitant both die, the FLIO account balance, if any, will be
paid to your beneficiary(ies) as a death benefit. 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 Part F: Death Benefit is replaced with the following: 

Availability of the Death Benefit. Death benefits become payable to the death benefit payee, if the annuitant or either owner dies
while there is a contract accumulation available under your contract, or when a FLIO death benefit becomes payable as described in the FLIO Death Benefit section above. 

If either owner dies and the deceased owner’s surviving spouse is the sole surviving death benefit payee, he or she
may choose to continue as the owner as pertains to the contract accumulation, or instead choose to be paid the death benefit. If the payee does not make a choice within 60 days of the date we receive due proof of death, he or she will automatically
become the owner of the contract accumulation as of the date of death. If the deceased owner was also the annuitant, the payee will also become the annuitant upon becoming the owner. If there are any remaining FLIO account balances upon the death of
either owner, these balances cannot be continued by the spouse and will be paid as a FLIO death benefit 
 A Death Benefit
Payable Date is the date we authorize payment of a death benefit payee’s portion of the death benefit. Each payee’s death benefit payable date is the date we have received 

 

	 	A)	due proof of death of the annuitant or either owner, and 

  

	 	B)	in the case of a FLIO one-life annuity, proof of the death of the FLIO annuitant; and 

 

	 	C)	in the case of a FLIO two-life annuity death benefit, proof of the death of both the FLIO annuitant and the FLIO second annuitant; and 

 

	 	D)	all information required to be furnished for payment of the payee’s portion of the death benefit. 

The Amount of the Death Benefit is the sum of the contract accumulation, if any, plus any FLIO death benefit. No surrender charge
or market value adjustment applies to the death benefit. The contract accumulation, if any, becomes payable as a death benefit if the annuitant dies or after the death of either owner. Any FLIO account balance associated with a FLIO one-life annuity
becomes payable as a death benefit upon the death of the FLIO annuitant. Any FLIO account balance associated with a FLIO two-life annuity becomes payable as a death benefit after both the FLIO annuitant and the FLIO second annuitant have both died.
The portion of the death benefit to be paid is the sum of the contract accumulation plus any FLIO death benefit as of the first death benefit payable date pursuant to the death that made that portion of the death benefit payable. On such death
benefit payable date, all accounts comprising the portion of the death benefit to be paid will be determined and all such account balances will be applied to the short-term holding account. 

Time and Method of Payment. We will pay each death benefit payee’s portion of the death benefit in one sum no later than five
years after the date of death. Death benefits will be paid in accordance with Internal Revenue Code § 72(s). 
 The
Availability of Withdrawals section is replaced with the following: 
 Availability of
Withdrawals. You may make withdrawals from fixed term deposits or the short-term holding account after the right to examine period. We may limit withdrawals to no more than one withdrawal in any calendar quarter. Multiple withdrawals made on any
single day are considered one withdrawal for the purpose of this limitation. 
 Any withdrawal request must be
made by written notice to us as explained in section 52 of your contract. If you withdraw your entire contract accumulation, we will have fulfilled all obligations concerning your contract accumulation. 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 The second paragraph of the Systematic Interest Withdrawals section is replaced
with the following: 
 Systematic interest withdrawals may be elected only as of the date of issue. Systematic interest
withdrawals will continue while there is a contract accumulation available under your contract until the first death benefit payable date or the date we are notified of the death of the primary owner. 

The Reports section is replaced with the following: 
 At least once each year while you have a contract accumulation available under your contract, we will provide you with a report for this contract showing the value of your contract accumulation as of a
date specified in the report. 
 The Assignment provision is replaced with the following: 

Subject to our prior approval, you may assign this contract only to the extent that there is a contract accumulation available under this
contract and only in connection with that contract accumulation. We assume no responsibility for the validity of any such assignment, nor will we be charged with notice of any assignment unless it is in writing and has been received and approved by
us. We reserve the right to refuse such assignments or other transfers at anytime on a non-discriminatory basis. The rights of the owner(s), annuitant, any second annuitant, any beneficiaries and any other person to receive benefits under this
contract will be subject to the terms of any assignment. You should consult your tax advisor before making any assignment of this contract. 
 Payments made under an income option may not be assigned. 
 The Minimum Accumulation
Interest Rate, Annuity Purchase Rates and Market Value Adjustment Rate sections and the accompanying rate table of the Rate Schedule part of your contract are applicable only to your contract accumulation.

 The Minimum Accumulation Interest Rate section is replaced with the following: 

Minimum Accumulation Interest Rate. The minimum effective annual interest rate to be credited to your contract accumulation is
shown on page 3. 
 The following sections and accompanying rate table are added to your contract’s Rate Schedule and are applicable to
your FLIO account balance. 
 The Minimum FLIO Account Balance Interest Rate is 1.00% and is the minimum effective annual interest
rate to be credited to a FLIO account balance. The minimum FLIO account balance interest rate applies to all FLIO accounts under this contract. 

The FLIO Annuity Purchase Rate applicable to a FLIO account will be computed on this basis: 

 

	 	(1)	a deduction for any premium taxes incurred by us for this contract; 

  

	 	(2)	interest at the effective annual rate of 1.5% after the annuity starting date for the FLIO; and 

 

	 	(3)	mortality according to the Annuity 2000 Mortality Table (TIAA Merged Gender Mod C), with ages set back an additional three months for each completed year between
January 1, 2000 and the date that annuity payments begin, as illustrated in the accompanying chart. 

 We may make FLIO payments that are higher than guaranteed by this section. 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 We will compute FLIO payments provided on the basis stated above, or, if
it produces a larger payment, on the basis we use for computing the amount of any individual single premium immediate annuity being offered to the same class of annuitants for the same income option when the payments start, after a deduction for any
premium taxes incurred by us for your contract when FLIO payments commence. 
 The FLIO Surrender Charge Rate for a FLIO account is equal
to one-half of the total FLIO account balance interest rate for that FLIO account. 
 The calculation of the FLIO Market Value Adjustment
Rate for a FLIO account equals Duration(2) multiplied by Q where Duration(2) and Q are calculated as follows: 
 Duration
equals b reduced by the quotient of c divided by one less than d where: 
 b equals the quantity one plus h divided by h;

 d equals the quantity one plus h raised to the power of c and 

h equals the total interest rate for that FLIO account 
 Duration(1) equals Duration calculated when c equals the time remaining from the date on which the FLIO account was established until the FLIO income security date rounded up to the year; 

Duration (2) equals Duration calculated when c equals the time remaining from the actual withdrawal date until the FLIO income
security date rounded up to the year 
 Q equals k reduced by m and further reduced by 0.50%, where 

k equals the zero-coupon bond rate for Duration(1) rounded up to the next year implied by the Bloomberg Fair Value A Curve at the FLIO
account initiation date; and 
 m equals the zero-coupon bond rate for Duration (2) rounded up to the next year implied by
the Bloomberg Fair Value A Curve on the FLIO withdrawal date 
 The Bloomberg Fair Value A Curve has bond equivalent yields,
which are semiannually compounded yields to maturity of coupon bonds. These yields imply zero-coupon rates, which are annual effective yields of zero-coupon bonds. 

The Bloomberg Fair Value A Curve refers to the Bloomberg Fair Market Sector Composite U.S. Dollar Corporate A-Rated
Curve (FMC #882) as found on Bloomberg under the FMC Function. The Composite A-Rated yield is the Corporate A-Rated Composite asked yield reported by Bloomberg under the FMC 882 Function, or any successor thereto. If the Corporate Composite A-Rated
asked yield is no longer reported by Bloomberg or its successor, we will choose a substantially similar yield, subject to any requisite approval of the insurance supervisory official of the jurisdiction in which this contract is issued. 

  

					
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 Endorsement to Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

  

											
	 Guaranteed Annual Amount of FLIO Payments
 Under a FLIO One-Life
Annuity
 Provided by $25,000 Applied to a FLIO Account

(after any applicable premium taxes have been deducted)
 One-twelfth of the amount shown is payable each month
  

	Adjusted
Age When
Payments
Begin	  	 Annual

Amount of
 Benefit
 Payments
	  	 Adjusted

Age When

Payments

Begin
	  	 Annual

Amount of
 Benefit
 Payments
	  	 Adjusted

Age When

Payments

Begin
	  	 Annual
   Amount of  

Benefit

Payments

	40	  	$651.60	  	57	  	$796.68	  	74	  	$1,065.00
	41	  	$658.92	  	58	  	$803.52	  	75	  	$1,095.12
	42	  	$664.08	  	59	  	$817.68	  	76	  	$1,104.72
	43	  	$672.00	  	60	  	$832.56	  	77	  	$1,137.84
	44	  	$677.28	  	61	  	$839.76	  	78	  	$1,173.60
	45	  	$685.68	  	62	  	$855.84	  	79	  	$1,183.68
	46	  	$694.44	  	63	  	$872.64	  	80	  	$1,223.16
	47	  	$700.08	  	64	  	$880.32	  	81	  	$1,233.00
	48	  	$709.44	  	65	  	$898.56	  	82	  	$1,276.56
	49	  	$719.16	  	66	  	$917.88	  	83	  	$1,323.96
	50	  	$725.16	  	67	  	$926.04	  	84	  	$1,334.52
	51	  	$735.60	  	68	  	$946.92	  	85	  	$1,387.32
	52	  	$746.52	  	69	  	$969.12	  	86	  	$1,445.16
	53	  	$752.88	  	70	  	$977.76	  	87	  	$1,456.68
	54	  	$764.52	  	71	  	$1,001.88	  	88	  	$1,521.60
	55	  	$771.00	  	72	  	$1,027.68	  	89	  	$1,532.88
	56	  	$783.60	  	73	  	$1,036.80	  	90	  	$1,606.20
	 The payments shown above are those that result from the application of $25,000 applied to a FLIO when the FLIO annuitant has attained an adjusted age as shown, but has not passed the date on which that
adjusted age was attained. The FLIO annuitant’s adjusted age equals the FLIO annuitant’s actual age minus three months for each completed year between January 1, 2000 and the date on which the FLIO account is initiated. Payments
beginning at ages other than those shown, and under other income options, are computed on the basis stated in the rate schedule. For an initial amount other than $25,000, payments will be proportionate.

 

  

																											
		 	 	[	  	 	
 

 Corporate Secretary
	 	 	]	  	  		 	 	[	  	 	
 

     President

    & Chief Executive Officer
	 	 	]	  	 			

  

					
	TCL-FLIO-END	 	 	  	Page E11TIAA-CREF Investment Horizon Annuity Contract Traditional IRA

 Exhibit 4(D) 
 TIAA-CREF Life Insurance Company 
 730 Third Avenue, New York, N.Y.
10017-3206 
 Telephone: [877-694-0305] 
 TIAA-CREF Investment Horizon Annuity Contract 
 Traditional IRA

  

					
	 Contract Number
	  	[0-800135-6]	    	
	 Date of Issue
	  	[01  01  2008]	    	Annuitant [Jane J. Doe]
		  	 mo day year 	    	

 This is a contract between you, the annuitant, and TIAA-CREF Life Insurance Company (“TIAA-CREF Life,”
“we,” “us”). This page refers briefly to some of the features of this contract. The next pages set forth in detail the rights and obligations of both TIAA-CREF Life and you under this contract. 

PLEASE READ YOUR CONTRACT. IT IS IMPORTANT. 
 General Description 
 This is a flexible premium deferred annuity contract. All premiums
for this contract must be Individual Retirement Account (IRA) amounts that meet the requirements of the Internal Revenue Code. You may allocate your premiums among the available fixed term deposits, as described in part D and/or to the Flexible
Lifetime Income Option (FLIO) accounts, as described in Part F. We will from time to time declare which fixed term deposits are available and specify the total interest rates that are applicable to them. Your contract accumulation is made up of your
combined fixed term deposit accumulations plus any short-term holding account accumulation. You may withdraw all or part of your contract accumulation. 
 You may elect to receive income from the income options, as described in Part E and Part F. 
 A
market value adjustment applies to withdrawals made more than thirty days prior to maturity of a fixed term deposit, and to fixed term deposits that are used to provide income benefits that begin more than one year prior to maturity of the fixed
term deposit. In addition, a market value adjustment applies to withdrawals from a FLIO account balance. The market value adjustment formulas may result in both upward or downward adjustments in withdrawal values and income amounts. 

If you die while there is a contract accumulation available under your contract, we will pay your contract accumulation to your beneficiary(ies). A FLIO
death benefit will be payable to your beneficiary(ies), as described in Part G. 
 This contract does not provide for loans. 

We may stop accepting premiums under this contract and accept premiums under a substitute contract. The substitute contract may differ in guaranteed
interest rates, annuity purchase rates, surrender charges and market value adjustments. 
 30 Day Right to Examine Your Contract. You
have 30 days from the day you receive this contract to examine and cancel it. If you decide to cancel this contract, send it and your request to cancel to TIAA-CREF Life at the address above. Upon receipt of such request, we will refund all premiums
paid to any fixed term deposits. We will also refund all allocations to any FLIO accounts less any FLIO payments made as of the date we receive such request. As of that date, the contract will then be void and no benefits will be provided under it.

 If you have any questions about your contract or need help to resolve a problem, you can contact us at the address or telephone number above.

  

																											
		 	 	[	  	 	
 

 Corporate Secretary
	 	 	]	  	  		 	 	[	  	 	
 

     President

    & Chief Executive Officer
	 	 	]	  	 			

 Flexible Premium Deferred Annuity 

Fixed Accumulation and Income Benefit 
 Nonparticipating 

  

					
	TCL-MVA2	 	 	  	Page 1

 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 Index of Provisions 

 

			
	 	 	Section

					
	 Additional Amounts
	 	 	32	  

					
	 Annuity Starting Date
	 	 	1	  

					
	 Annuity Purchase Rates
	 	 	82	  
	 Assignment – Void and of No Effect
	 	 	68	  

					
	 Beneficiaries
	 	 	2	  

					
	 Benefits Based on Incorrect Age
	 	 	76	  

					
	 Business Day
	 	 	3	  

					
	 Claims of Creditors
	 	 	69	  

					
	 Compensation
	 	 	5	  
	 Commuted Value
	 	 	4	  

					
	 Contract
	 	 	22-23	  

					
	 Accumulation
	 	 	33	  
	 Correspondence and Requests for Benefits
	 	 	80	  

					
	 Death Benefit
	 	 	6, 49-51	  

					
	 Distribution Requirements
	 	 	58-64	  

					
	 Exclusive Benefit
	 	 	70	  
	 Elections and Changes – Procedure
	 	 	73	  

					
	 Fixed Term Deposit
	 	 	7, 28-30	  

					
	 Accumulation
	 	 	31	  

					
	 Market Value Adjustment
	 	 	36, 50, 53, 56	  

					
	 Market Value Adjustment Rate
	 	 	83	  

					
	 Flexible Lifetime Income Option (FLIO)
	 	 	8, 43	  

					
	 FLIO Account
	 	 	39	  
	 Balance
	 	 	46	  
	 FLIO Annuity Purchase Rate
	 	 	85	  
	 FLIO Death Benefit
	 	 	48	  
	 FLIO Market Value Adjustment Rate
	 	 	87	  
	 FLIO Income Security Date
	 	 	44	  

					
	 FLIO Payments
	 	 	40-41	  

					
	 FLIO Second Annuitant
	 	 	42	  
	 FLIO Surrender Charge
	 	 	86	  
	 General Account
	 	 	9	  

					
	 Income Benefit
	 	 	10, 35-38	  

					
	 Income Options
	 	 	38	  

			
	 	 	Section

					
	 IRA
	 	 	11	  
	 IRA Amount
	 	 	25	  
	 IRC
	 	 	12	  
	 Laws and Regulations – Compliance with
	 	 	78	  
	 Loans – Not available
	 	 	66	  
	 Minimum Accumulation Interest Rate
	 	 	81	  
	 Minimum FLIO Account Balance Interest Rate
	 	 	84	  
	 Non-Forfeiture of Benefits
	 	 	70	  
	 Ownership
	 	 	67	  
	 Payment to an Estate, Guardian, Trustee, etc.
	 	 	74	  

					
	 Premiums
	 	 	24, 26	  

					
	 Premium Received in Error
	 	 	72	  
	 Premium Tax
	 	 	27	  
	 Proceeds
	 	 	13	  
	 Proof of Survival
	 	 	77	  

					
	 Rate Schedule
	 	 	81-87	  

					
	 Definition
	 	 	14	  
	 Report of Accumulation
	 	 	65	  
	 Required Beginning Date
	 	 	15	  
	 Right to Amend
	 	 	79	  
	 Right to Examine Period
	 	 	16	  
	 Right to a Tax-free Rollover
	 	 	71	  
	 Second Annuitant
	 	 	17	  
	 Service of Process upon TIAA-CREF Life
	 	 	75	  
	 Separate Account
	 	 	18	  
	 Short-Term Holding Account
	 	 	19	  
	 Accumulation, Reallocation of
	 	 	34	  
	 Term
	 	 	20	  
	 Total FLIO Account Balance Interest Rate
	 	 	45	  
	 Total Interest Rate
	 	 	21	  

					
	 Withdrawals
	 	 	52-55	  

					
	 FLIO Account Withdrawals
	 	 	47	  
	 Systematic Interest
	 	 	56	  
	 To Satisfy Required Distributions
	 	 	57	  

  

					
	TCL-MVA2	 	 	  	Page 2

 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 Part A: Annuitant Data 

 

					
		 	Contract Number	 	Date of Issue
		 	[ 0-800135-6	 	01  01  2008
		 		 	mo day year
			
		 	Name	 	Date of Birth
	Annuitant	 	[Jane J. Doe	 	11  15  1950 ]
		 		 	mo day year

 This contract was made and delivered in the
[state of State]. The validity and effect of the contract are governed by the laws there in force. 
 The separate account is designated as
[“TIAA-CREF Life MVA-1”]. 
 The minimum accumulation interest rate to be credited to the short-term holding account and to any fixed
term deposits is [3.0%]. 
 The minimum FLIO account balance interest rate is shown in section 84. 

The fixed term deposit market value adjustment rate is shown in section 83. 
 The FLIO surrender charge rate is shown in section 86. 
 The FLIO market value adjustment rate is
shown in section 87. 

  

					
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 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

  
 This page is
intentionally blank. 
  

  

					
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 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 Part B: Definitions 

 

	1.	The Annuity Starting Date is the date on which you begin to receive income benefits under an income option. 

 

	2.	Beneficiaries are persons you name, in a form satisfactory to us, to receive any benefits due upon your death or the death of the last surviving annuitant under
a two-life annuity income option. 

 At any time you may name, change, add or delete
beneficiaries, by written notice to us, as explained in section 73. 
 You can name two classes of
beneficiaries, primary and contingent, which set the priority of payment. Any primary beneficiaries who are alive when benefits become available are your “beneficiaries.” If no primary beneficiary is then alive, any surviving
contingent beneficiaries are your “beneficiaries.” If a class contains more than one person, the then-living persons in the class will share the available benefits equally unless you provide otherwise. The shares of any beneficiaries in a
class who are not alive when benefits become available will be allocated in equal shares to the beneficiaries in such class who are alive, even if you’ve provided for these beneficiaries to receive unequal shares. 

No living beneficiaries. If none of the beneficiaries you named is alive when benefits become available, or you
never named a beneficiary, the benefit will be paid to your estate. 
 Payments after the death of a
beneficiary. Any periodic payments or other amounts remaining due after the death of a beneficiary during a guaranteed or fixed period will be paid to the payee named to receive them. The commuted value of these payments may be paid in one sum
unless you direct us otherwise. The payee designated to receive these payments is named at the time the payment method is chosen. 
 If no payee has been named to receive these payments, or if no one so named is living at the death of the beneficiary, the commuted value will be paid in one sum to the beneficiary’s estate.

 If a payee receiving these payments dies before the end of the guaranteed or fixed period, the commuted value
of any payments still due that person will be paid to any other payee named to receive it. If no one has been so named, the commuted value will be paid to the estate of the last payee who was receiving these payments. 

 

	3.	A Business Day is any day that the New York Stock Exchange is open for trading. A business day ends at 4:00 p.m. Eastern time, or an earlier time if we so notify
you, or when trading closes on the New York Stock Exchange, if earlier. 

  

	4.	The Commuted Value of an annuity is an amount paid in a lump sum instead of in a series of payments. The commuted value is available only as described in section
2 and section 74. The effective date of the calculation of the commuted value is the business day in which we receive the request for a commuted value, in a form acceptable to us. 

The commuted value of an annuity is the sum of the payments less the interest that would have been earned from the
effective date of the commuted value to the date each payment would have been made. The interest rate used is the same as that used to determine the guaranteed amount of the annuity payments. 

 

	5.	 Compensation is defined as wages, salaries, professional fees or other amounts derived from or received for personal services actually rendered
(including, but not limited to commissions paid to salespersons, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips and bonuses) and includes earned income, as defined in IRC section 401(c)(2)
(reduced by the deduction you take for contributions made to a self-employed retirement plan). For purposes of this 

  

					
	TCL-MVA2	 	 	  	Page 5

 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

	 	 
definition, IRC section 401(c)(2) shall be applied as if the term trade or business for purposes of IRC section 1402 included service described in subsection (c)(6). Compensation does not include
amounts derived from or received as earnings or profits from property (including but not limited to interest and dividends) or amounts not includible in gross income (determined without regard to IRC section 112). Compensation also does not include
any amount received as a pension or annuity or as deferred compensation. The term “compensation” shall include any amount includible in your gross income under IRC section 71 with respect to a divorce or separation instrument described in
subparagraph (A) of IRC section 71(b)(2). The term “compensation” also includes any differential wage payments as defined in IRC Section 3401(h)(2). If you are married and filing a joint return, your spouse’s compensation,
if it is greater than yours, will be treated as your own compensation, but only to the extent that your spouse’s compensation is not being used for purposes of your spouse making a contribution to a Roth IRA or to a deductible or nondeductible
Non-Roth IRA. 

  

	6.	The Death Benefit is payable as described in Part G and in section 48. 

 

	7.	Fixed Term Deposits are portions of your contract among which you may allocate, for specified terms, your premiums, the proceeds of prior fixed term deposits and
any short-term holding account accumulation, as described in sections 28-33. 

  

	8.	Flexible Lifetime Income Options (FLIOs) are available as described in Part F. 

 

	9.	The General Account consists of all of TIAA-CREF Life’s assets other than those in separate accounts. 

All short-term holding account accumulations and all FLIO account balances are part of the general account. 

 

	10.	The Income Benefit is payable as described in Part E. 

  

	11.	An IRA is an individual retirement annuity as described in IRC Section 408. In the event of a conflict between IRC Section 408 and the terms of your
contract, then IRC Section 408 will prevail. 

 If this contract is issued as an IRA annuity, the owner of the
contract must be the annuitant. References to “you” mean the annuitant, except that if this is an inherited IRA within the meaning of IRC Section 408(d)(3)(C) maintained for the benefit of a designated beneficiary of a deceased
individual, references to “you” are to the deceased individual. 
 If this contract is issued to an IRA account, the
IRA trustee or custodian must be the owner of the contract. The IRA account owner must be the annuitant. The IRA account will comply with the requirements of IRC Section 408 incorporated in this contract. References to “you” mean the
annuitant (or the deceased individual in the case of an inherited IRA) or, only where the context requires, the contract owner. 
  

	12.	The IRC is the Internal Revenue Code of 1986, as amended. All references to any section of the IRC shall be deemed to refer not only to such section but also to
any amendment thereof and any successor statutory provisions. 

  

	13.	The Proceeds of a fixed term deposit consist of the fixed term deposit accumulation that becomes available to you upon maturity or withdrawal prior to maturity.

  

	14.	The Rate Schedule sets forth the basis for computing the benefits available under this contract. The rate schedule is in Part K. 

 

	15.	 Your Required Beginning Date is the latest date on which you can begin to receive your contract accumulation in accordance with the rules of the
IRC. Generally, it is the April 1 following the calendar year in which you attain age 70 1/2. 

  

					
	TCL-MVA2	 	 	  	Page 6

 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

  

	16.	Right to Examine Period. You may cancel this contract during the period described on page 1. 

 

	17.	You name a Second Annuitant if you choose an income benefit under a two-life annuity option, as explained in section 38. Under a two-life annuity option, your
second annuitant will receive income payments if you die. You may name your spouse or any other person eligible under TIAA-CREF Life’s practices then in effect to be a second annuitant. Under a two-life annuity option, your life and the life of
the second annuitant are used in determining the income benefit. 

  

	18.	The Separate Account, designated as shown on page 3, was established by us in accordance with New York law to provide benefits from this contract and other
similar contracts. The assets and liabilities of the separate account are segregated from the assets and liabilities of the general account and from the assets and liabilities of any other TIAA-CREF Life separate account. 

All fixed term deposit accumulations are part of the separate account. 

 

	19.	The Short-term Holding Account is a portion of your contract containing all contract accumulations other than fixed term deposit accumulations.

  

	20.	A Term is a period of time, in whole years, specified for a fixed term deposit. The shortest term available will be not less than one year. The longest term
available will be not more than ten years. 

  

	21.	The Total Interest Rate applicable to a fixed term deposit equals the total effective annual interest rate we credit to that fixed term deposit for the entire
term. The total interest rate applicable to the short-term holding account equals the total effective annual interest rate we credit to the short-term holding account during the applicable period of time. 

Total interest rates are declared under applicable schedules of rates by TIAA-CREF Life, as described in section 32. The
total interest rate applicable to any portion of your contract accumulation will never be less than the minimum accumulation interest rate shown on page 3. 
 Part C: Contract and Premiums 
  

	22.	The Contract. This document and the attached application are the entire contract between you and TIAA-CREF Life. We have issued it in return for your completed
application and the first premium. Any endorsement to or amendment of this contract or waiver of any of its provisions will be valid only if in writing and signed by an executive officer of TIAA-CREF Life. All benefits are payable at our home office
in New York, NY or an administrative office designated by us. This contract is incontestable. 

  

	23.	Protection Against Contract Termination or Forfeiture. At any time after the second anniversary of the date of issue, if the amount of monthly income benefit
that would be provided by your accumulation under the one-life annuity option as of your required beginning date, as described in section 37, would be less than $20, and you have no active income options in the process of payment, then we may pay
you your accumulation and terminate this contract. Otherwise, your rights under this contract will remain in force. 

  

	24.	Premiums. All premiums for this contract must be IRA amounts. Premiums paid to the fixed term deposits cannot be less than $5,000 and we reserve the right to
increase this minimum in the future. Premiums paid to establish a FLIO account cannot be less than $25,000. We reserve the right to limit total premiums under this contract to $500,000 in any calendar year. We may stop accepting premiums under this
contract provided that: 

  

	 	A)	you have been given three months’ written notice; and 

  

					
	TCL-MVA2	 	 	  	Page 7

 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

  

	 	B)	we accept premiums under a new TIAA-CREF Life deferred annuity contract issued to you with the same beneficiary and methods of benefit payment as those under this
contract at the time of substitution. Such new contract may have lower guaranteed interest rates and different annuity purchase rates, surrender charges and market value adjustments than those under this contract. The new contract will also provide
the same rights to elect changes as those provided under this contract. 

 Premiums must be
received by us at the location that we designate, in good order and in accordance with procedures established by us or as required by law. Your initial premium will be credited within two business days of the business day on which it is received by
us. Each subsequent premium will be credited as of the business day on which it is received by us. 
 This
contract does not require fixed premiums. Any refund of premiums (other than those attributable to excess contributions) will be applied, before the close of the calendar year following the year of the refund, toward the payment of future premiums
of the purchase or additional benefits 
  

	25.	An IRA amount is any of the following: 

  

	 	A)	a contribution to an IRA as described in IRC Section 408, including a Simplified Employee Pension under Section 408(k), but excluding Section 408(p), up
to but not in excess of the annual limit described in IRC Section 219; 

  

	 	B)	a transfer or rollover contribution as permitted in accordance with IRC Sections 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3) and 457(e)(16); or

  

	 	C)	a transfer or rollover contribution of amounts attributable to an employer under a Simple IRA plan as described in IRC Section 408(p) for an individual who began
participation in the plan at least two years prior to the transfer or rollover. 

 An IRA amount
for this contract does not include a contribution to a Roth IRA as described in, and subject to, IRC Section 408A. 
 You may make contributions for each tax year prior to the year in which you attain age 70 1/2. All contributions must be in cash. Unless otherwise permitted by law, contributions on your behalf to all IRAs, except for a transfer or a rollover
contribution, may not exceed the lesser of your compensation or $5,000 for any taxable year starting in 2008 and years after that. 
 After 2008, the limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under IRC Section 219(b)(5)(D). The adjustments will be in multiples of $500. 

If you are age 50 or older, the annual cash contribution limit is increased by $1,000 for any taxable year starting in
2006 and years after that. 
 In addition to the contribution amounts above, you may additional contributions
authorized by the IRC including 
  

	 	A)	A repayment of a qualified reservist distribution described in IRC Section 72(t)(2)(G) during the two-year period beginning on the day after the end of the active
duty period; 

  

	 	B)	Repayments of certain plan distributions made on account of a federally declared disaster; and 

 

	 	C)	Certain amounts received in connection with the Exxon Valdez litigation. 

If this is an inherited IRA within the meaning of IRC Section 408(d)(3)(c), no contributions will be accepted.

  

	26.	Allocation of Premiums. You allocate your premiums among the available fixed term deposits, as described in section 28, and/or among FLIO accounts, as described
in Part F. 

 A premium will not be credited under this contract unless we have received valid
allocation instructions from you in a form acceptable to us. Your allocation instructions are not valid if you allocate 

  

					
	TCL-MVA2	 	 	  	Page 8

 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 
any part of a premium to a fixed term deposit or FLIO account that is not then available under this contract. 
  

	27.	State and local government Premium Tax, if applicable, will be deducted from your contract accumulation when incurred by us. We may deduct these taxes when the
premium is received by us or when annuity income commences or the death benefit is paid. If no amount for premium tax was deducted, but premium tax is later determined to be due, we will reduce your contract accumulation by the amount of tax that is
determined by us to be due. 

 Part D: Fixed Term Deposits and Accumulations 

 

	28.	Availability of Fixed Term Deposits. We will from time to time declare the fixed term deposits that are then available under this contract. We reserve the right
to make certain fixed term deposits unavailable at any time. 

 No fixed term deposit whose total
interest rate is lower than the minimum accumulation interest rate shown on page 3 will be available under this contract. 
 No fixed term deposit that matures during or after the calendar month containing your 90th birthday, will be available under this contract. 

The minimum premium allocation or proceeds of prior fixed term deposits required to begin a fixed term deposit is $5,000
and we reserve the right to increase this minimum in the future. 
 This contract may not contain more than 120
fixed term deposits at any one time. 
  

	29.	Effective Date of a Fixed Term Deposit . Unless you choose to defer the effective date to a future day acceptable to us, a fixed term deposit will be effective
as of the end of the business day in which the following requirements have been met: 

  

	 	•	 	 your premium, if applicable, is credited, as described in section 24 and section 26; and 

 

	 	•	 	 we have received from you, in a form acceptable to us, valid instructions to apply the proceeds of one or more prior fixed term deposits or any portion
of your short-term holding account accumulation, if applicable. 

 A fixed term deposit cannot
be revoked after its effective date. 
  

	30.	Maturity of a Fixed Term Deposit. A fixed term deposit matures at the end of the specified term, and the proceeds then become available to you.

 We will mail you a notice at least forty-five days but not more than seventy-five days prior to
maturity of each fixed term deposit. Prior to maturity, you must instruct us to apply the proceeds to one or more new fixed term deposits then available, to a FLIO account or to transfer the proceeds out of this contract. If no fixed term deposits
are then available under this contract, proceeds may be applied to the short-term holding account. 
 If we have
not received valid instructions from you before maturity, the proceeds will be applied to a new fixed term deposit with the shortest term then available under this contract. If no fixed term deposits are then available under this contract, the
proceeds will be applied to the short-term holding account. 
  

	31.	A Fixed Term Deposit Accumulation equals: 

 premiums, proceeds of prior fixed term deposits, and short-term holding account accumulation applied to the fixed term deposit; 

 

	 	plus	interest credited to the fixed term deposit at the minimum accumulation interest rate; 

 

	 	plus	additional amounts credited to the fixed term deposit; 

  

					
	TCL-MVA2	 	 	  	Page 9

 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

  

	 	less	any deductions of premium taxes incurred by us for the fixed term deposit; 

 

	 	less	any withdrawals from the fixed term deposit. 

  

	32.	We may credit Additional Amounts to your fixed term deposit accumulations and your short-term holding account accumulation. Additional amounts may also be paid
with any benefits payable to you or your beneficiary. We do not guarantee that there will be additional amounts. 

 Any additional amounts credited to your contract accumulation will be based on schedules of total interest rates declared from time to time by TIAA-CREF Life. The total interest rate applicable to a fixed
term deposit may depend on the amount of the fixed term deposit accumulation when the fixed term deposit begins. 

The total interest rate applicable to a fixed term deposit will not be modified for the entire term of the fixed term
deposit. 
  

	33.	Your Contract Accumulation equals the sum of your fixed term deposit accumulations and your short-term holding account accumulation. It does not include any FLIO
account balances. 

 Once your entire contract accumulation has been applied to begin payment of an
income benefit or death benefit or to establish a FLIO account, we will have fulfilled all obligations concerning your contract accumulation. 
  

	34.	Reallocation of Short-term Holding Account Accumulation. If fixed term deposits become available to you while you have a short-term holding account accumulation,
we will mail you a notice after which you will have at least fifteen days but not more than forty-five days to allocate your short-term holding account accumulation among the available fixed term deposits. If we do not receive valid instructions
from you, your entire short-term holding account accumulation will be applied to a new fixed term deposit with the shortest term then available under this contract. 

Part E: Income Benefit 
  

	35.	Payment of the Income Benefit. Your contract accumulation can be used to provide you with income benefits. 

If your contract accumulation is less than or equal to $25,000 and you want to begin receiving income, you must convert
your entire contract accumulation to annuity income. If your contract accumulation is greater than $25,000 and you want to begin receiving income, you must convert at least $25,000 of your contract accumulation to annuity income. 

If you die under a two-life annuity option, the second annuitant will continue to receive the payments in accordance with
the selected income option. If you both you and the second annuitant die under a two-life annuity option or if you die under a one-life annuity option, your beneficiary(ies) will receive the remaining guaranteed payments due. 

 

	36.	The Amount of the Income Benefit will be determined as of the annuity starting date for the income benefit by : 

 

	 	A)	your fixed term deposit accumulations applied to provide the income benefit; 

 

	 	B)	any applicable market value adjustments; 

  

	 	C)	your short-term holding account accumulation applied to provide the income benefit; 

 

	 	D)	the rates specified in the rate schedule; 

  

	 	E)	the income option and payment frequency you choose; 

  

	 	F)	if you choose a one-life annuity, your age; and 

  

	 	G)	if you choose a two-life annuity, your age and your second annuitant’s age. 

  

					
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 For each fixed term deposit more than one year prior to maturity on the
annuity starting date, the market value adjustment equals the fixed term deposit accumulation multiplied by the applicable fixed term deposit market value adjustment rate described in section 83. Market value adjustments may result in increases or
decreases in income amounts. 
  

	37.	Starting the Income Benefit. An income benefit will be effective and payment will begin as of the annuity starting date you have chosen for that income option,
if you are then living and: 

  

	 	A)	you have chosen one of the income options set forth in section 38; and 

  

	 	B)	if you choose a one-life annuity, we have received due proof of your age; and 

 

	 	C)	if you choose a two-life annuity, we have received due proof of your age and your second annuitant’s age. 

You may not begin a one-life annuity after you attain age 90, nor may you begin a two-life annuity after you or your
second annuitant attains age 90. For income options other than the FLIO, described in Part F, you may not begin receiving income earlier than fourteen months after the issue date shown on page 3. 

At any time before you start to receive an income benefit, you may change the effective date for that income benefit to a
date after the change, by written notice to TIAA-CREF Life as explained in section 73. 
  

	38.	Income Options are the ways in which you may have the income benefit paid. Any time before the annuity starting date you may choose one of the options described
below. Any choice or change of such choice must be made by written notice to us as explained in section 73. You may change your choice at any time before payments begin, but once they have begun no change can be made. 

The following are the income options from which you may choose. In addition to providing an income during your lifetime or
for a fixed period, some options provide that payments will continue for the lifetime of your second annuitant, and some provide that payments will continue in any event during a guaranteed period as explained below. 

The income options are described as monthly payments, but you may choose quarterly, semiannual or annual payments. If the
income benefit would be less than $100 a month, we will have the right to change to quarterly, semiannual or annual payments, whichever will result in payments of $100 or more and the shortest interval between payments. Once payments have begun, the
frequency cannot be changed. You may not elect an option that would not be treated as an annuity under federal tax law. 
 Your right to elect an option or change such election is subject to the distribution requirements described in Part I and may be limited in accordance with section 73. The availability of certain income
options may be restricted by the IRC. 
 The periodic amount paid depends on which of these options you choose:

 One-Life Annuity. A payment will be made each month for as long as you are alive. You may include a guaranteed period
of 10, 15 or 20 years. If you do not include a guaranteed period, all payments will cease at your death. If you include a guaranteed period and you die before the end of that period, monthly payments will continue until the end of that period and
then cease. 
 Two-Life Annuity. A payment will be made each month for as long as either you or your second annuitant is
alive. You cannot change your choice of second annuitant after payments begin. You may include a guaranteed period of 10, 15 or 20 years. If you do not include a guaranteed period, all payments will cease after both you and your second annuitant
have died. You may choose from among the following forms of two-life annuity. 
 Full Benefit While Either the Annuitant or
the Second Annuitant is Alive. The full monthly benefit payable while both you and the second annuitant are alive will continue to be paid until both 

  

					
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have died. If you include a guaranteed period and you and the second annuitant both die before the end of the period chosen, the full monthly benefit that would have been payable if both of you
had lived will continue to be paid until the end of that period and then cease. 
 Two-thirds Benefit After the Death of
Either the Annuitant or the Second Annuitant. At the death of either you or the second annuitant, two-thirds of the monthly benefit that would have been payable if both had lived will continue to be paid until both have died. If you include a
guaranteed period and you and the second annuitant both die before the end of the period chosen, two-thirds of the monthly benefit that would have been payable if both of you had lived will continue to be paid until the end of that period and then
cease. 
 Half Benefit After the Death of the Annuitant. The full monthly benefit will continue to be paid as long as you
are alive. If the second annuitant survives you, one-half of the monthly benefit that would have been payable if you had lived will continue to be paid until both of you have died. If you include a guaranteed period and you and the second annuitant
both die before the end of the period chosen, one-half of the monthly benefit that would have been payable if both had lived will continue to be paid until the end of that period and then cease. 

Fixed-Period Annuity. A payment will be made each month for a fixed period you choose that is not less than 5 nor more than 30
years. At the end of the period chosen no further payments will be made. If you die before the end of the period chosen, the monthly payments will continue to the end of that period and then cease. 

Payments available under a FLIO are described in Part F. 

Automatic Election Provision. If, as of your 90th birthday, you have not chosen one of the income options described in
this contract, you will be deemed to have chosen a one-life annuity with a ten-year guaranteed period, or a shorter period if required to meet federal tax law. 
 Part F: Flexible Lifetime Income Option (FLIO) 
  

	39.	 FLIO Account. If you are over 59  1/2, you may allocate premiums, proceeds of a fixed term deposit or amounts in the short-term holding account to a FLIO account. The minimum amount needed to
establish a FLIO account is $25,000. This contract may not contain more than 120 FLIO accounts at any one time. We reserve the right to determine at which ages FLIO accounts will be available and we do not guarantee that FLIO accounts will be
available at all ages and under all options described below. 

  

	40.	The Amount of the FLIO Payments will be equal to the Initial FLIO payment described below subject to adjustments as described in section 47. The Initial FLIO
Payments will be determined as of the annuity starting date for the FLIO account based on: 

  

	 	A)	premiums applied to the FLIO account; 

  

	 	B)	any fixed term deposit accumulations applied to the FLIO account; 

  

	 	C)	any applicable market value adjustments; 

  

	 	D)	any short-term holding account accumulation applied to the FLIO account; 

  

	 	E)	the FLIO annuity purchase rates specified in the rate schedule; 

  

	 	F)	whether you have chosen the FLIO one-life annuity or the FLIO two-life annuity and the payment frequency you choose; 

 

	 	G)	if you choose a FLIO one-life annuity, your age; and 

  

	 	H)	if you choose a FLIO two-life annuity, your age and your FLIO second annuitant’s age. 

  

					
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	41.	Starting your FLIO Payments. A FLIO income benefit will be effective and FLIO payments will begin as of the annuity starting date for the FLIO account, if you
are then living and: 

  

	 	A)	you have chosen either a FLIO one-life annuity or a FLIO two-life annuity as set forth in section 43; and 

 

	 	B)	if you choose a FLIO one-life annuity, we have received due proof of your age; and 

 

	 	C)	if you choose a FLIO two-life annuity, we have received due proof of your age and your FLIO second annuitant’s age. 

You may not begin a FLIO one-life annuity after you attain age 90, nor may you begin a FLIO two-life annuity after you or
your FLIO second annuitant attain age 90. 
  

	42.	 You name a FLIO Second Annuitant if you choose FLIO payments to be made under a FLIO two-life annuity. You may name your spouse or any other
person eligible under TIAA-CREF Life’s practices then in effect to be a FLIO second annuitant. A FLIO second annuitant must be over 59  1/2. Under a FLIO two-life annuity, your life and the life of the FLIO second annuitant are used in determining the FLIO benefit. If you have multiple FLIO
accounts, you must choose the same FLIO second annuitant for all FLIO accounts. If the you die, the FLIO second annuitant will: 

  

	 	A)	continue to receive FLIO payments for as long as he or she is alive; 

  

	 	B)	have the right to change the beneficiary(ies) designated to receive the FLIO death benefit, as described in section 48; and 

 

	 	C)	be able to make FLIO account withdrawals, as described in section 47. 

  

	43.	Flexible Lifetime Income Options (FLIOs) are the ways in which you may have the FLIO payment paid. At any point before the annuity starting date for a FLIO
account, you may choose either of the options described below. Guaranteed periods are not available under the FLIOs. 

 The FLIOs are described as monthly payments, but you may choose quarterly, semiannual or annual payments. If the FLIO benefit would be less than $100 a month, we will have the right to change to
quarterly, semiannual or annual payments, whichever will result in payments of $100 or more and the shortest interval between payments. Once payments have begun, the frequency cannot be changed. 

The periodic amount paid depends on which of these options you choose: 

FLIO One-Life Annuity . The FLIO payment will be made each month until the date of your death. After your death no further FLIO
payments will be made. 
 FLIO Two-Life Annuity. The FLIO payment will be made each month until you and your FLIO second
annuitant both die. After the death of both you and your FLIO second annuitant no further FLIO payments will be made. 
  

	44.	The FLIO Income Security Date will be determined for each FLIO account at the time the FLIO account is established. This is the date that FLIO payments will
resume if FLIO payments previously terminated because the FLIO account balance was reduced to zero due to withdrawal activity. 

  

	45.	The Total FLIO Account Balance Interest Rate applicable to a FLIO account is the total effective annual interest rate we credit that FLIO account. This rate will
be set when the FLIO account is established and will not change. Total FLIO account balance interest rates are declared under applicable schedules of rates by TIAA-CREF Life. The total FLIO account balance interest rate will never be less than the
minimum FLIO account balance interest rate as defined in the rate schedule. 

  

	46.	A FLIO Account Balance equals the greater of $0 and the result of A) through D) as follows: 

 

	 	A)	the amounts allocated to that FLIO account; plus 

  

					
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	 	B)	interest credited at the total FLIO account balance interest rate, as defined in the rate schedule; less 

 

	 	C)	any FLIO payments from that FLIO account; less 

  

	 	D)	the value of any FLIO account withdrawals from that FLIO account. 

  

	47.	You may make a FLIO Account Withdrawal at any time after the right to examine period while there is a remaining FLIO account balance. A FLIO account withdrawal
request must be received by us at the location that we designate, in good order and in accordance with procedures established by us or as required by law. A FLIO account withdrawal will be effective, and all values determined as of the end of the
business day in which we receive your request in a form acceptable to us, unless you choose to defer the effective date to a future day acceptable to us. A request for a FLIO account withdrawal cannot be revoked after its effective date.

 The amount of the FLIO account withdrawal can be your entire FLIO account balance or any partial
amount of at least $1,000. The FLIO account balance will be reduced by the amount of any FLIO account withdrawal. Any remaining FLIO payments payable before the FLIO income security date will be reduced by the same percentage as the decrease in the
FLIO account balance associated with that FLIO account withdrawal. If an entire FLIO account balance is withdrawn, then the FLIO payments associated with that FLIO account will cease entirely until the FLIO income security date. Any FLIO payments
payable on or after the FLIO income security date will be unaffected by FLIO account withdrawals. We reserve the right to require that a FLIO account withdrawal be for the entire remaining FLIO account balance if the requested amount of withdrawal
would reduce each of the remaining FLIO payments payable before the FLIO income security date to less than $100. 

If you make a FLIO account withdrawal, the amount paid to you will be different than the FLIO account withdrawal amount
that you requested as a result of the following: 
  

	 	•	 	 The amount paid to you will be decreased by a FLIO surrender charge equal to the FLIO withdrawal amount multiplied by the FLIO surrender charge rate
described in the rate schedule. 

  

	 	•	 	 The amount paid to you will be increased or decreased by a FLIO market value adjustment equal to the withdrawal amount multiplied by the FLIO market
value adjustment rate described in the rate schedule. 

  

	48.	FLIO Death Benefit. If, under a FLIO one-life annuity, you die, your FLIO account balance, if any, will be paid to your beneficiary(ies) as a death benefit. If,
under a FLIO two-life annuity, you and your FLIO second annuitant both die, your FLIO account balance, if any, will be paid to your beneficiary(ies) as a death benefit. 

Part G Death Benefit 
  

	49.	A Death Benefit Payable Date is the date we authorize payment of a beneficiary’s portion of the death benefit. Each beneficiary’s death benefit payable
date is the date we have received due proof of your death, and in the case of a FLIO two-life annuity death benefit, proof of the death of you and your FLIO second annuitant, and all information required to be furnished for payment of the
beneficiary’s portion of the death benefit. 

  

	50.	 The Amount of the Death Benefit is the sum of the contract accumulation, if any, plus any FLIO death benefit. No surrender charge or market
value adjustment applies to the death benefit. The contract accumulation and any FLIO one-life account balance become payable as a death benefit upon your death. Any FLIO two-life account balance becomes payable as a death benefit after both you and
your FLIO second annuitant have both died. The amount of the portion of the Death Benefit to be paid is the sum of the contract accumulation plus any FLIO death benefit as of the first death benefit payable date pursuant

  

					
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to the death that made that portion of the death benefit payable. On such death benefit payable date, all accounts comprising the portion of the death benefit to be paid will be terminated and
all such account balances will be applied to the short-term holding account. 

  

	51.	Method of Payment. We will pay each beneficiary’s portion of the death benefit in one sum. The distribution of the death benefit must be made in such a form
and begin at such date as meets the requirements of the IRC and the regulations thereunder. 

 Part H:
Withdrawals from a Fixed Term Deposit or the Short-Term Holding Account 
  

	52.	Availability of Withdrawals. You may make withdrawals from fixed term deposits or the short-term holding account after the right to examine period. We may limit
withdrawals to no more than one withdrawal in any calendar quarter. Multiple withdrawals made on any single day are considered one withdrawal for the purpose of this limitation. 

A withdrawal benefit may be paid: 
  

	 	A)	to you as a cash withdrawal;. 

  

	 	B)	to another funding vehicle as a direct transfer under federal tax law; or 

  

	 	C)	to an IRA contract offered by Teachers Insurance and Annuity Association of America (TIAA) or IRA certificate offered by College Retirement Equities Fund (CREF),
provided you have met the eligibility requirements for a TIAA IRA contract or CREF IRA certificate; 

  

	 	D)	to any TIAA-CREF Life annuity or to a funding vehicle whether or not it is offered by TIAA, CREF or TIAA-CREF Life, as a tax-free rollover, as permitted in section 71.

 Any withdrawal request must be made by written notice to us as explained in section 73. If you
withdraw your entire contract accumulation, we will have fulfilled all obligations concerning your contract accumulation. 
  

	53.	The Amount of a Withdrawal from a Fixed Term Deposit can be the entire fixed term deposit accumulation or a partial amount of at least $1,000. You cannot make a
partial withdrawal that would result in a fixed term deposit accumulation of less than $5,000 following the withdrawal. 

 Except as described in section 57, if you make a withdrawal from a fixed term deposit more than thirty days prior to its maturity, the amount paid to you will be increased or decreased by a market value
adjustment equal to the withdrawal amount multiplied by the fixed term deposit market value adjustment rate described in section 83. 
  

	54.	The Amount of a Withdrawal from the Short-term Holding Account can be your entire short-term holding account accumulation or a partial amount of at least $1,000.

  

	55.	Effective Date of a Withdrawal. A withdrawal request must be received by us at the location that we designate, in good order and in accordance with procedures
established by us or as required by law. A withdrawal payment will be effective, and all values determined as of the end of the business day in which we receive your request in a form acceptable to us, unless you choose to defer the effective date
to a future day acceptable to us. A request for a withdrawal cannot be revoked after its effective date. 

 We may defer payment of a withdrawal from the short-term holding account for up to six months. If we defer payment of a withdrawal from the short-term holding account for ten or more working days, we will
credit interest at the total rate then applicable to amounts left on deposit with us, but not less than the minimum accumulation interest rate specified in the rate schedule. If at any time applicable state law requires a higher rate of interest,
such rate will be credited. 

  

					
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	56.	Systematic Interest Withdrawals. If your initial premium is at least $25,000, you may elect withdrawals on a systematic basis of the interest credited at the
total interest rates applicable to your fixed term deposits. No market value adjustment applies to systematic interest withdrawals. 

 Systematic interest withdrawals may be elected only as of the date of issue. Systematic interest withdrawals continue until the first death benefit payable date or the date we are notified of your death.

 Systematic interest withdrawals may be scheduled to be made monthly, quarterly, semi-annually or annually,
from the first to the twenty eighth day of the month. If a scheduled date is not a business day, the withdrawal will be paid on the next business day. 
 Systematic withdrawals paid by check may be subject to a fee of up to $5 per payment. 
  

	57.	Withdrawals to Satisfy Required Distributions. You may request withdrawals from your contract accumulation to satisfy the distribution requirements described in
Part I. To request such withdrawals you must select the specific fixed term deposit(s) from which the withdrawal is to be made. You may select such a withdrawal to be made pro-rata across all your fixed term deposits or you may select that the
withdrawal be made from one or more specific fixed term deposits. However, we will not allow any such withdrawal that would result in a fixed term deposit with an accumulation less than $5,000. In such case, the fixed term deposit must be liquidated
in its entirety even if the amount withdrawn exceeds the required distribution amount. 

 You may,
alternatively, request that systematic required distribution payments be withdrawn from your contract accumulation. You may request that such systematic payments be stopped at any time and then resumed at a later date. Such withdrawals will be
withdrawn pro-rata across all your fixed term deposits. However, the pro-rata withdrawal will not include any fixed term deposit whose accumulation would be reduced to less than $5,000 by the withdrawal. If the scheduled systematic withdrawal cannot
be made without reducing a fixed term deposit accumulation below $5,000, the withdrawal will not be processed and the systematic withdrawals will be discontinued. 

Amounts withdrawn up to the distribution requirements described in Part I will not be subject to any market value
adjustment. However, if a fixed term deposit is liquidated in order to satisfy such minimum distribution requirements and the amount thereby distributed exceeds the amount of the required minimum distribution, such excess withdrawal will be subject
to any market value adjustment. 
 PART I: DISTRIBUTION REQUIREMENTS 

 

	58.	Application of Distribution Requirements. Your contract will be administered, and benefit payments will be determined and made, to comply with the distribution
requirements of the IRC. Notwithstanding any provision of this IRA to the contrary, distributions will be paid according to the requirements of IRC Section 408(b)(3) and the regulations issued thereunder, the provisions of which are herein
incorporated by reference. 

  

	59.	Beginning Distributions. You must begin to receive distributions from your contract, in accordance with the requirements described in this part of your contract,
on or before your required beginning date described in section 15. Your entire interest in this contract will commence to be distributed no later than your required beginning date over (a) your life or the lives of you and your designated
beneficiary, or (b) a period certain not extending beyond your life expectancy and the life expectancy of your designated beneficiary. You are deemed to have begun distributions if: 

 

	 	A)	payments are made upon reaching the required beginning date, or 

  

	 	B)	 prior to your required beginning date you irrevocably begin to receive income benefits over a period permitted and in a form acceptable under the
federal income tax regulations. The annuity income options described in Part E and Part F are designed to meet these requirements. 

  

					
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Therefore, FLIO payments have satisfied their distribution requirement and FLIO payments and FLIO account withdrawals cannot be used to satisfy any distribution requirements applicable to your
contract accumulation. 

  

	60.	Life Expectancy and Joint and Last Survivor Life Expectancy. Life expectancy is determined using the Single Life Table set forth in Q&A-1 of
Section 1.401(a)(9)-9 of the federal income tax regulations or as set forth in any amended or successor regulation. Joint and last survivor life expectancy is determined using the Joint and Last Survivor Table set forth in Q&A-3 of
Section 1.401(a)(9)-9 of the federal income tax regulations or as set forth in any amended or successor regulation. 

  

	61.	Designated Beneficiary. The designated beneficiary is your oldest primary beneficiary. The designated beneficiary of a trust may be used if the trust meets the
requirements set forth in the federal income tax regulations. 

  

	62.	Limits on Distribution Periods. Income option payments will be made over your life, or the lives of you and the designated beneficiary, if any. However, any
guaranteed period will not exceed your life expectancy, or the joint and last survivor life expectancy of you and the designated beneficiary, if any. 

Payments will be made at intervals not longer than one year. Payments will be either nonincreasing, or will increase only
as provided in Q&As- 1 and -4 of Section 1,401(a)(9)-6 of the federal income tax regulations. In addition, any distribution must satisfy the incidental benefit requirements specified in Q&A -2 of Section 1,401(a)(9)-6 of the
federal income tax regulations. If this is an inherited IRA within the meaning of IRC Section 408(D)(3)(C), this paragraph and the following paragraph do not apply. 

The distribution periods described in this section cannot exceed the periods specified in
Section 1,401(a)(9)-6 of the federal income tax regulations. The first required payment can be made as late as April 1 of the year following the year in which you attain age 70  1/2 and must be the payment that is required for one payment interval.
The second payment need not be made until the end of the next payment interval. 
  

	63.	Determination of Amount to be Distributed each Year. If you have not begun to receive distributions, on an irrevocable basis, from an income option or as a
lump-sum benefit as of your required beginning date, the minimum distribution rules of IRC Section 408(a)(6) and the regulations thereunder apply to the first calendar year for which distributions are required, and each year after that.

 The amount to be distributed each year will not be less than the amount of your contract
accumulation as of the end of the prior calendar year (including the amount of any outstanding rollover, transfer and recharacterization under Q&As -7 and -8 of Section1,408-8 of the federal income tax regulations and the actuarial value of any
other benefits provided under the IRA, such as guaranteed death benefits) divided by the divisor set forth in the federal income tax regulations. This divisor will be that determined from the Uniform Lifetime Table set forth in Q&A-2 of section
1.401(a)(9)-9 of the federal income tax regulations or as set forth in any amended or successor regulation or, if your spouse is the sole designated beneficiary and is more than ten years younger than you, from the Joint and Last Survivor Table set
forth in Q&A-3 of section 1.401(a)(9)-9 of the federal income tax regulations or as set forth in any amended or successor regulation. 
 Distributions after your death shall be calculated using the applicable life expectancy table set forth in the federal income tax regulations. In no event shall the amount to be distributed exceed the
contract accumulation as of the date the distribution is made. 

  

					
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	64.	Distribution Requirements after your Death. If you die after distributions have begun, the remaining portion to be distributed will continue to be paid under the
income option(s) used prior to your death. 

 If you die before distributions have begun, your
entire death benefit will be distributed at least as quickly as follows: 
  

	 	A)	If the designated beneficiary is not your surviving spouse, the entire death benefit will be distributed, starting by the end of the calendar year following the
calendar year in which you die, over the remaining life expectancy of the designated beneficiary or, if elected, as explained in C) below. Life expectancy is determined using the designated beneficiary’s age as of his or her birthday in the
year following the year of your death. If this is an inherited IRA within the meaning of IRC Section 408(d)(3)(C) established for the benefit of a nonspouse designated beneficiary by a direct trustee-to-trustee transfer from a retirement plan
of a deceased individual under IRC Section 402(c)(11), then, notwithstanding any election made by the deceased individual pursuant to the first sentence of this paragraph A) the nonspouse designated beneficiary may elect to have distributions
made under this paragraph A) if the transfer is made no later than the end of the year following the year of death. 

  

	 	B)	 If the sole designated beneficiary is your surviving spouse, the entire death benefit will be distributed, starting by the later of: (1) the end
of the calendar year following the calendar year in which you die, or (2) the end of the calendar year in which you would have attained age
70 1/2, over your spouse’s life expectancy or,
if elected, as explained in C) below. 

 If your surviving spouse dies before death benefit payments
have begun to the spouse, the death benefit will be distributed to the spouse’s designated beneficiary, starting by the end of the calendar year following the calendar year in which the spouse dies, over the remaining life expectancy of the
spouse’s designated beneficiary or, if elected, as explained in C) below. Life expectancy is determined using the spouse’s designated beneficiary’s age as of his or her birthday in the year following the year your surviving spouse
dies. 
 If your surviving spouse dies after death benefit payments have begun to the spouse, the remaining death benefit will
continue to be distributed under the method of payment used prior to the spouse’s death. 
  

	 	C)	If there is no designated beneficiary or if elected in accordance with A) or B) above, distributions will be completed by the end of the calendar year containing the
fifth anniversary of your death or of your surviving spouse’s death before distributions are required to begin as explained in B) above. 

  

	 	D)	Instead, your surviving spouse may elect to treat this contract as his or her own if he or she is the sole designated beneficiary by making a contribution to the
contract, or by failing to begin distributions in accordance with B) above. If such an election is made, the distribution requirements apply as if your spouse were the original owner of the contract. 

Life expectancy, as used in this section, is determined using the Single Life Table set forth in Q&A-1 of section
1.401(a)(9)-9 of the federal income tax regulations or as set forth in any amended or successor regulation. If distributions are being made to a surviving spouse as the sole designated beneficiary, the spouse’s remaining life expectancy for a
year is the number in the Single Life Table corresponding to the spouse’s age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the designated beneficiary’s age in
the year distributions are required to begin and reduced by one for each subsequent year. 
 For the purposes of
this section, required distributions are considered to start: 
  

	 	i)	for your surviving spouse, on the beginning date described in B) above; or 

 

	 	ii)	for other beneficiaries, on the beginning date described in A) or B) above. 

  

					
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 For purposes of this section 63, required distributions are considered
to commence on your required beginning date or, if applicable, on the date distributions are required to begin to your surviving spouse under paragraph B). However, if distributions start on an irrevocable basis before a required beginning date,
then required distributions are deemed to start on a required beginning date. 
 The required minimum
distribution payable to a designated beneficiary from this IRA may be withdrawn from another IRA owned by you and held by the same decedent in accordance with Q&A-9 of Section 1,408-8 of the federal income tax regulations. 

Part J: General Provisions 
  

	65.	Reports. At least once each year while you have a contract accumulation under your contract, we will provide you with a report for this contract showing the
value of your contract accumulation as of a date specified in the report. When applicable, we will also furnish annual calendar year reports with information concerning required minimum distributions as is prescribed by the Commissioner of Internal
Revenue. 

  

	66.	No Loans. This contract does not provide for loans. 

  

	67.	Ownership. You own this contract. During your lifetime, you may, to the extent permitted by law, exercise every right given by it without the consent of any
other person. 

  

	68.	No assignment or transfer. Neither you nor any other person may assign, pledge, or transfer ownership of this contract or any benefits under its terms. Any such
action will be void and of no effect. 

  

	69.	Protection Against Claims of Creditors. The benefits and rights accruing under this contract are exempt from the claims of creditors or legal process to the
fullest extent permitted by law. 

  

	70.	Exclusive Benefit and Non-Forfeiture of Benefits. This contract is established for the exclusive benefit of you and your beneficiaries. Your entire interest in
this contract is nonforfeitable within the meaning of IRC Section 408(b). Amounts payable under this contract will not be less than the minimum required by any applicable statute of the state or other jurisdiction in which this contract was
delivered. 

  

	71.	Right to a tax-free rollover. If you or your surviving spouse (or your spouse or former spouse as an alternate payee under a “qualified domestic relations
order,” as defined in the IRC) receive a distribution from your contract which qualifies as an eligible rollover distribution under IRC Section 402(c)(4), any portion of it may be paid as a direct rollover to an eligible retirement plan.
An eligible retirement plan is, to the extent permitted by law, a plan satisfying the requirements of IRC Section 401(a), 403(a), 403(b), 408 or to the extent that the plan sponsor is a state or local government, Section 457(b). However,
after-tax contributions to your contract may not be rolled over to a qualified employer plan. 

Retirement plans eligible for such rollovers may, in the future, be changed by law. If such changes become effective, your
contract will be governed by the laws and regulations then applicable. 
  

	72.	Premium received in error, reliance on information from you. We will refund any premium received that is not an IRA amount, as required by law. We are entitled
to rely on information you provide regarding any premium you remit to this contract. We shall be held harmless for any action taken in reliance on such information. 

 

	73.	Procedure for Elections and Changes. To be valid, any choices or elections available under this contract, any authorization by you, or revocations or
modifications of such authorization, must be made in a form acceptable to us at our home office in New York, NY, or an administrative office designated by us. 

Valid instructions will take effect as of the date we receive the instructions. However, if you send us a notice changing
your beneficiaries or other persons named to receive payments, it will take effect as of 

  

					
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the date it was signed even if you then die before the notice actually reaches us. If we take any action in good faith before receiving a valid instruction, we will not be subject to liability
even if our acts were contrary to such instruction. 
 We will only accept as valid, instructions received from
the party entitled to issue the instruction, as determined by our records. 
 For purposes of determining the
effective dates of any transactions and premium receipts, transaction requests and premiums will only be deemed to have been received when they are received by us, or our appropriately designated agent, in good order, in accordance with procedures
established by us or as required by law. We may limit the number of transactions that may be made effective on a single business day. 
  

	74.	Payment to an Estate, Guardian, Trustee, etc. We may pay in one sum the commuted value of any benefits due an estate, corporation, partnership, trustee or other
entity that is not a natural person. 

 We will not be responsible for the acts or neglects of any
executor, trustee, guardian, or other third party receiving payments under this contract. If a trustee of a trust is designated as a beneficiary, we are not obliged to ask about the terms of the underlying trust or any will. 

If the death benefit becomes payable to the designated trustee of a testamentary trust, but: 

 

	 	A)	no qualified trustee makes claim for the benefit within nine months after the death benefit becomes payable; or 

 

	 	B)	evidence satisfactory to us is presented at any time within such nine-month period that no trustee can qualify to receive the benefit due, 

payment will be made to the successor beneficiaries, if any are designated and surviving on the death benefit payable date; otherwise
payment will be to the executors or administrators of your estate. 
 If benefits become payable to an
inter-vivos trustee, but the trust is not in effect or there is no qualified trustee, payment will be made to the successor beneficiaries, if any are designated and surviving; otherwise payment will be made to the executors or administrators
of your estate. 
 Payment to any trustee, successor beneficiary, estate, executor, or administrator as provided
for above shall fully satisfy TIAA-CREF Life’s payment obligations under this contract to the extent of such payment. 
  

	75.	Service of Process upon TIAA-CREF Life. We will accept service of process in any action or suit against us on this contract in any court of competent
jurisdiction in the United States provided such process is properly made. We will also accept such process sent to us by registered mail if the plaintiff is a resident of the state, district or territory in which the action or suit is brought. This
section does not waive any of our rights, including the right to remove such action or suit to another court. 

  

	76.	Benefits Based on Incorrect Age. If the amount of benefits is determined by data as to a person’s age that is incorrect, benefits will be recalculated based
on the correct age. Any amounts underpaid by us based on the incorrect data will be paid at the time the correction is made. Any amounts overpaid by us based on the incorrect data will be charged against the payments due after the correction is
made. Any amounts so paid or charged will include compound interest at the effective rate of 6% per year. 

  

	77.	Proof of Survival. We may require satisfactory proof that you, any second annuitant, or anyone named to receive benefits under the terms of this contract is
alive on the date any benefit payment is due. 

 If this proof is not received after it has been
requested in writing, we may make reduced payments or withhold payments entirely until such proof is received. If under a two-life annuity we have overpaid benefits because of a death of which we were not notified, subsequent payments will be
reduced or withheld until the amount of the overpayment, plus compound interest at the effective annual rate of 6% per year, has been recovered. 

  

					
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	78.	Compliance with Laws and Regulations. We will administer this contract to comply with all applicable laws and regulations pertaining to the terms and conditions
of this contract. No benefit may be elected and no right may be exercised under this contract if the election of that benefit or exercise of that right is prohibited under an applicable state or federal law or regulation. We will withhold and
forward to tax authorities any amounts required by law. 

 The choice of income options and
effective dates, annuity starting date, beneficiaries or second annuitant and the availability of withdrawals as set forth in this contract are subject to the applicable restrictions, distribution requirements, and incidental benefit requirements of
the IRC, and any rulings and regulations issued under the IRC. 
  

	79.	Right to amend. We may change this contract from time to time in order to comply with applicable federal and state laws on annuities, including the IRC and the
regulations relating to a prototype IRA. If we make such a change, we will do so for all contracts written on this form and delivered in the same state this contract was delivered. If you do not agree to such a change, this contract may fail to be a
qualified IRA under the prototype to which the Internal Revenue Service approval letter and serial number apply. When required by law, we will obtain the approval for such amendment from any appropriate regulatory authority.

  

	80.	Correspondence and Requests for Benefits. No notice, application, form, or request for benefits will be deemed to be received by us unless it is received at our
home office in New York, NY or an administrative office designated by us. All benefits are payable at our home office in New York, NY or an administrative office designated by us. Any questions about this contract or inquiries about our services
should be directed to us at TIAA-CREF Life, P.O. Box 724508, Atlanta, GA 31139, or another administrative office designated by us. 

 Part K: Rate Schedule 
  

	A)	Rates Applicable to Contract Accumulations 

  

	81.	Minimum Accumulation Interest Rate. The minimum effective annual interest rate to be credited to your contract accumulation is shown on page 3.

  

	82.	The Annuity Purchase Rates applicable to the contract accumulation under this contract will be computed on this basis: 

 

	 	(1)	a deduction for any premium taxes incurred by us for this contract; 

  

	 	(2)	interest at the effective annual rate of 1.5% after the annuity starting date; and 

 

	 	(3)	mortality according to the Annuity 2000 Mortality Table (TIAA Merged Gender Mod C), with ages set back an additional three months for each completed year between
January 1, 2000 and the annuity starting date, as illustrated in the accompanying chart. 

 We
may pay income benefits that are higher than guaranteed by this section. 
 We will compute income benefits
provided on the basis stated above, or, if it produces a larger payment, on the basis we use for computing the amount of any individual single premium immediate annuity being offered to the same class of annuitants for the same income option when
the payments start, after a deduction for any premium taxes incurred by us for your contract when annuity payments commence. 
  

	83.	The Fixed Term Deposit Market Value Adjustment Rate applicable to a fixed term deposit equals N multiplied by R, where N and R are calculated as follows:

  

	 	N	equals the number of years remaining until maturity of the fixed term deposit. This number is calculated by multiplying the number of days remaining until maturity by
12 and dividing by 365, rounding the result up to the next whole number, and then dividing this result by 12. 

  

					
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	 	R	equals i reduced by j and further reduced by 0.25%, where i and j are calculated as follows: 

 

	 	M	equals N rounded up to a whole number. 

 The transaction date equals the applicable annuity starting date or withdrawal effective date. 
 If a new fixed term deposit with a term of M years is available to contracts of this class on the transaction date, then 
  

	 	i	equals the total interest rate applicable to the original fixed term deposit; and 

 

	 	j	equals the total interest rate applicable to a new fixed term deposit with a term of M years being offered on the transaction date. 

If a new fixed term deposit with a term of M years is not available to contracts of this class on the transaction date,
then 
  

	 	i	equals the yield, as of the effective date of the fixed term deposit, of the STRIPS for which the time then remaining until maturity is closest, within six months, to
the term of the fixed term deposit. If no STRIPS within six months is available, then i equals the interpolation of the yields, as of the effective date of the fixed term deposit, of the closest STRIPS maturity prior to, and the closest STRIPS
maturity following, the term of the fixed term deposit; and 

  

	 	j	equals the yield, as of the transaction date, of the STRIPS for which the time then remaining until maturity is closest, within six months, to M years. If no STRIPS
within six months is available, then j equals the interpolation of the yields, as of the transaction date, of the closest STRIPS maturity prior to, and the closest STRIPS maturity following, M years. 

STRIPS refers to US Treasury STRIPS. The STRIPS yield is the US Treasury STRIPS asked yield reported by the Wall Street
Journal, or any successor thereto. If the US Treasury STRIPS asked yield is no longer reported by the Wall Street Journal or its successor, we will choose a substantially similar yield, subject to any requisite approval of the insurance supervisory
official of the jurisdiction in which this contract is issued. 

  

					
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 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

   

											
	 Guaranteed Annual Amount of Income Benefits
 Under a One-Life Annuity with
Ten-Year Guaranteed Period
 Provided by an Accumulation of $10,000

(after any applicable premium taxes have been deducted)
 One-twelfth of the amount shown is payable each month
  

	Adjusted
Age When
Payments
Begin	  	
Annual

Amount of
 Benefit
 Payments
	  	
Adjusted

Age When

Payments

Begin
	  	
Annual

Amount of
 Benefit
 Payments
	  	
Adjusted

Age When

Payments

Begin
	  	 Annual
   Amount of  

Benefit

Payments

	 40
	  	$272.64	  	57	  	$351.72	  	74	  	$522.00
	 41
	  	$276.00	  	58	  	$358.32	  	75	  	$537.24
	 42
	  	$279.36	  	59	  	$365.28	  	76	  	$553.32
	 43
	  	$282.96	  	60	  	$372.48	  	77	  	$570.24
	 44
	  	$286.68	  	61	  	$380.16	  	78	  	$587.88
	 45
	  	$290.52	  	62	  	$388.08	  	79	  	$606.24
	 46
	  	$294.60	  	63	  	$396.36	  	80	  	$625.44
	 47
	  	$298.68	  	64	  	$405.12	  	81	  	$645.48
	 48
	  	$303.12	  	65	  	$414.24	  	82	  	$666.24
	 49
	  	$307.68	  	66	  	$423.96	  	83	  	$687.72
	 50
	  	$312.36	  	67	  	$434.04	  	84	  	$709.68
	 51
	  	$317.28	  	68	  	$444.84	  	85	  	$732.36
	 52
	  	$322.44	  	69	  	$456.00	  	86	  	$755.28
	 53
	  	$327.84	  	70	  	$467.88	  	87	  	$778.56
	 54
	  	$333.48	  	71	  	$480.36	  	88	  	$801.96
	 55
	  	$339.24	  	72	  	$493.56	  	89	  	$825.24
	 56
	  	$345.36	  	73	  	$507.36	  	90	  	$848.16
	 The yearly payments shown above are those that result from the application of an accumulation of $10,000 to the specified income option when the annuitant has attained an adjusted age as shown, but has
not passed the date on which that adjusted age was attained by as much as one month. The annuitant’s adjusted age equals the annuitant’s actual age minus three months for each completed year between January 1, 2000 and the annuity
starting date. All ages used in computing payments are calculated in completed years and months. Payments beginning at ages other than those shown, and under other income options, are computed on the basis stated in the rate schedule. For an
accumulation other than $10,000, payments will be proportionate.
  

  

	B)	Rates Applicable to FLIO Account Balances 

  

	84.	The Minimum FLIO Account Balance Interest Rate is 1.00% and is the minimum effective annual interest rate to be credited to a FLIO account balance. The minimum
FLIO account balance interest rate applies to all FLIO accounts under this contract. 

  

	85.	The FLIO Annuity Purchase Rate applicable to a FLIO account will be computed on this basis: 

 

	 	(1)	a deduction for any premium taxes incurred by us for this contract; 

  

	 	(2)	interest at the effective annual rate of 1.5% after the annuity starting date for the FLIO; and 

 

	 	(3)	mortality according to the Annuity 2000 Mortality Table (TIAA Merged Gender Mod C), with ages set back an additional three months for each completed year between
January 1, 2000 and the date that annuity payments begin, as illustrated in the accompanying chart. 

 We may
make FLIO payments that are higher than guaranteed by this section. 

  

					
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 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

 We will compute FLIO payments provided on the basis stated above, or, if
it produces a larger payment, on the basis we use for computing the amount of any individual single premium immediate annuity being offered to the same class of annuitants for the same income option when the payments start, after a deduction for any
premium taxes incurred by us for your contract when FLIO payments commence. 
  

	86.	The FLIO Surrender Charge Rate for a FLIO account is equal to one-half of the total FLIO account balance interest rate for that FLIO account.

  

	87.	The calculation of the FLIO Market Value Adjustment Rate for a FLIO account equals Duration(2) multiplied by Q where Duration(2) and Q are calculated as follows:

 Duration equals b reduced by the quotient of c divided by one less than d where: 

b equals the quantity one plus h divided by h; 
 d equals the quantity one plus h raised to the power of c and 
 h equals the total
interest rate for that FLIO account 
 Duration(1) equals Duration calculated when c equals the time remaining from the date on
which the FLIO account was established until the FLIO income security date rounded up to the year; 
 Duration (2) equals
Duration calculated when c equals the time remaining from the actual withdrawal date until the FLIO income security date rounded up to the year 
 Q equals k reduced by m and further reduced by 0.50%, where 
 k equals the
zero-coupon bond rate for Duration(1) rounded up to the next year implied by the Bloomberg Fair Value A Curve at the FLIO account initiation date; and 
 m equals the zero-coupon bond rate for Duration (2) rounded up to the next year implied by the Bloomberg Fair Value A Curve on the FLIO withdrawal date 

The Bloomberg Fair Value A Curve has bond equivalent yields, which are semiannually compounded yields to maturity of coupon bonds. These
yields imply zero-coupon rates, which are annual effective yields of zero-coupon bonds. 
 The Bloomberg Fair
Value A Curve refers to the Bloomberg Fair Market Sector Composite U.S. Dollar Corporate A-Rated Curve (FMC #882) as found on Bloomberg under the FMC Function. The Composite A-Rated yield is the Corporate A-Rated Composite asked yield reported
by Bloomberg under the FMC 882 Function, or any successor thereto. If the Corporate Composite A-Rated asked yield is no longer reported by Bloomberg or its successor, we will choose a substantially similar yield, subject to any requisite approval of
the insurance supervisory official of the jurisdiction in which this contract is issued. 

  

					
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 Your TIAA-CREF Investment Horizon Annuity Contract 

 
  

  

 

											
	 Guaranteed Annual Amount of FLIO Payments
 Under a FLIO One-Life
Annuity
 Provided by $25,000 Applied to a FLIO Account

(after any applicable premium taxes have been deducted)
 One-twelfth of the amount shown is payable each month
  

	Adjusted
Age 
When
Payments
Begin	  	Annual
Amount 
of
Benefit
Payments	  	Adjusted
Age 
When
Payments
Begin	  	Annual
Amount 
of
Benefit
Payments	  	Adjusted
Age 
When
Payments
Begin	  	 Annual
   Amount of  

Benefit
Payments

	 40
	  	$651.60	  	57	  	$796.68	  	74	  	$1,065.00
	 41
	  	$658.92	  	58	  	$803.52	  	75	  	$1,095.12
	 42
	  	$664.08	  	59	  	$817.68	  	76	  	$1,104.72
	 43
	  	$672.00	  	60	  	$832.56	  	77	  	$1,137.84
	 44
	  	$677.28	  	61	  	$839.76	  	78	  	$1,173.60
	 45
	  	$685.68	  	62	  	$855.84	  	79	  	$1,183.68
	 46
	  	$694.44	  	63	  	$872.64	  	80	  	$1,223.16
	 47
	  	$700.08	  	64	  	$880.32	  	81	  	$1,233.00
	 48
	  	$709.44	  	65	  	$898.56	  	82	  	$1,276.56
	 49
	  	$719.16	  	66	  	$917.88	  	83	  	$1,323.96
	 50
	  	$725.16	  	67	  	$926.04	  	84	  	$1,334.52
	 51
	  	$735.60	  	68	  	$946.92	  	85	  	$1,387.32
	 52
	  	$746.52	  	69	  	$969.12	  	86	  	$1,445.16
	 53
	  	$752.88	  	70	  	$977.76	  	87	  	$1,456.68
	 54
	  	$764.52	  	71	  	$1,001.88	  	88	  	$1,521.60
	 55
	  	$771.00	  	72	  	$1,027.68	  	89	  	$1,532.88
	 56
	  	$783.60	  	73	  	$1,036.80	  	90	  	$1,606.20
	 The payments shown above are those that result from the application of $25,000 applied to a FLIO when the annuitant has attained an adjusted age as shown, but has not passed the date on which that
adjusted age was attained. The annuitant’s adjusted age equals the annuitant’s actual age minus three months for each completed year between January 1, 2000 and the date on which the FLIO account is initiated. Payments beginning at
ages other than those shown, and under other income options, are computed on the basis stated in the rate schedule. For an initial amount other than $25,000, payments will be proportionate.

 

 Flexible Premium Deferred Annuity

 Fixed Accumulation and Income Benefit 
 Nonparticipating 
  
  

  

					
	TCL-MVA2	 	 	  	Page 25

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