497 1 d497.htm TIAA-CREF LIFE SEPARATE ACCOUNT VLI-1 TIAA-CREF Life Separate Account VLI-1

Filed Pursuant to Rule 497(e)
Registration Statement Nos. 333-128699
333-151910
333-145064

TIAA-CREF Life Separate Account VLI-1

TIAA-CREF Life Separate Account VA-1

TIAA-CREF Life Insurance Company

PROSPECTUS SUPPLEMENT NUMBER 2

dated July 19, 2011 to the

Intelligent Life® VUL Prospectus

dated May 1, 2011

Intelligent Life Survivorship VUL Prospectus

dated May 1, 2011

Intelligent Variable Annuity® Prospectus

dated May 1, 2011

This supplement amends certain disclosure in the above-referenced prospectuses for the Contracts with the same names. All other provisions of your Contract remain as stated in your Contract and prospectus, as previously amended. Please keep this supplement with your prospectus for future reference.

Templeton Developing Markets Securities Fund – Class 1

On page 7 of the Intelligent Life VUL and Intelligent Life Survivorship VUL prospectuses, as well as page 4 of the Intelligent Variable Annuity prospectus, the maximum annual portfolio operating expenses have changed as follows:

 

     Minimum     Maximum  

Gross Total Annual Portfolio Operating Expenses (before any contractual waivers or reimbursements) (expenses that are deducted from Portfolio assets, including management fees, distribution (12b-1) fees, and other expenses)

      0.24 %      1.43 % 

Net Total Annual Portfolio Operating Expenses (net of any contractual waivers or reimbursements) (expenses that are deducted from Portfolio assets, including management fees, distribution (12b-1) fees, and other expenses)1

      0.09 %      1.43 % 

 

1 

In some cases, the Portfolio’s historical expenses for the year ended December 31, 2010 (which are the basis of the expenses set forth in this table) have been restated to reflect their current fees. More detail concerning the Portfolios’ contractual waivers and reimbursements can be found in the footnotes accompanying the next table.

On page 8 of the Intelligent Life VUL and Intelligent Life Survivorship VUL prospectuses, as well as page 5 of the Intelligent Variable Annuity prospectus, annual portfolio operating expenses have changed as follows:

 

Portfolio    Management
Fees		      Distribution
(12b-1) or
Service
Fees1		      Other
Expenses		      Acquired
Fund Fees
and Expenses		      Gross Total
Annual
Portfolio
Operating
Expenses		      Contractual Fee
Waivers and
Reimbursements		      Net Total
Annual
Portfolio
Operating
Expenses		  

Templeton Developing Markets Securities Fund-Class 11,2

      1.11%         0.00%         0.26%         0.01%         1.38%         0.01%         1.37%   

 

1 

Restated to reflect the decrease in the investment management fee effective May 1, 2011. The investment manager has contractually agreed in advance to reduce its fee as a result of the Fund’s investment in a Franklin Templeton money fund (acquired fund) for at least the next 12-month period. Contractual fee waiver and/or expense reimbursement agreement may not be terminated during the term set forth above. Total annual Fund operating expenses differ from the ratio of expenses to average net assets shown in the Financial Highlights, which do not reflect the decrease in management fee and the acquired fund fees and expenses.

2 

Total annual Fund operating expenses differ from the ratio of expenses to average net assets shown in the Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses.

 

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A13075 (07/11)