EX-99.A5(b)(2)
[TIAA CREF LOGO] TIAA-CREF Life Insurance Company
730 Third Avenue
New York, NY 10017-3206
212 490-9000 1 800 223-1200
LAST SURVIVOR AUTOMATIC INCREASE RIDER
Under this rider, we automatically increase your policy's face amount by 5% of
the initial face amount on each of your first ten policy anniversaries. You
don't have to give us evidence of insurability, but your policy and this rider
must be in force. We'll make the last increase under this rider on the date
shown in Section 1 of your policy.
CHARGES
We'll deduct these charges as long as increases provided by this rider are in
force.
COST OF INSURANCE CHARGE
The cost of insurance charge for the automatic increases is part of the monthly
charge for this policy. We calculate it on each monthly charge date after we
calculate the cost of insurance charge for your policy.
We calculate the charge by multiplying the monthly cost of insurance rate per
$1,000 of net amount at risk by the net amount at risk for all the automatic
increases in face amount that are in force divided by $1,000. You'll find more
about net amount at risk in MONTHLY CHARGES.
The monthly cost of insurance rates for the net amount at risk for the automatic
increases are the same as for your policy's initial face amount. The rates are
based on the ages, genders and underwriting classes of the two people insured by
the rider, and on your policy's face amount, death benefit option and how long
your policy has been in force.
We may change the monthly cost of insurance rates, but they'll never be greater
than the guaranteed maximum monthly cost of insurance rates shown in Section 1
of your policy. You'll find more about changing our rates in CHANGING OUR
CHARGES.
RIDER UNIT CHARGE
The monthly rider unit charge per $1,000 of face amount for the automatic
increases is the same as the monthly policy unit charge per $1,000 of face
amount for the initial face amount of your policy.
CONTESTING THE VALIDITY OF THIS RIDER
We have the right to contest the validity of this rider for two years from its
issue date. Once this rider has been in force for two years from the issue date
during the lifetime of each person insured by this rider, we generally lose the
right to contest its validity.
After two years from this rider's issue date, you must provide us with proof of
death if either person insured by the rider has died within that period. If
either person has died within the two years, we have the right to contest the
rider for a material misrepresentation relating to that person for 12 months
after we receive proof of the death.
IF SOMEONE COMMITS SUICIDE
If either person insured by this policy commits suicide, while sane or insane,
within two years from this rider's issue date, we will treat all automatic
increases as if they never happened. We will cancel this rider and refund to
your policy value the cost of insurance and unit charges we've deducted for the
automatic increases.
AM-JVAIR.1
Ed. 12/01
Page 1
WHEN THIS RIDER BEGINS
We've issued this rider because you asked us on your application to add it to
your policy. The rider is attached to your policy, it forms part of your policy,
and the terms of the policy apply to it. The rider's issue date is the same as
your policy's issue date, and coverage under this rider starts on the policy
date. You'll find the issue date and policy date in Section 1 of your policy.
This rider doesn't have any policy value, and we don't use it to calculate how
much you can borrow from your policy. Charges for this rider will, however,
affect your policy value and how much you can borrow. And with each automatic
increase in face amount, the monthly cost of insurance and policy unit charges
for your policy will increase.
WHEN THIS RIDER WILL END
Your coverage under this rider will end after one of the following dates,
whichever comes first:
o the rider's expiration date
o the date the grace period ends and you have not made the payment that is
needed
o the date we receive your request for a decrease in the face amount of the
policy
o the date you end or surrender this policy
o the date we receive at our administrative office your request in a form
satisfactory to us to end this rider.
When this rider ends, the face amount will no longer increase automatically.
Ending this rider will not revoke automatic increases that have already been
made.
TIAA-CREF LIFE INSURANCE COMPANY
ADMINISTRATIVE OFFICE
730 THIRD AVENUE
NEW YORK, NY [10017-3206]
[1-800-223-1200]
/s/ Mark L. Serlen /s/ Bertram L. Scott
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Secretary President
Ed. 12/01 Page 2