Form 497 TIAA Separate Account

Filed Pursuant to Rule 497(e)

Registration Statement No. 333 - 292532

TIAA SEPARATE ACCOUNT VA-5

TIAA INSURANCE AND ANNUITY ASSOCIATION OF AMERICA

PROSPECTUS SUPPLEMENT NUMBER (1)

Dated June 3 to the Intelligent Variable Annuity^® Prospectus dated May 1, 2026

This supplement amends certain disclosures in the above-referenced prospectus for the Contracts with the same name. All other provisions of your Contract remain as stated in your Contract and prospectus. Please keep this supplement with your prospectus for future reference.

Vanguard VIF Capital Growth Portfolio

In Appendix A the Portfolio name is amended as of May 12, 2026.

For more information refer to the Vanguard Variable Insurance Funds Prospectus.

Templeton Developing Markets VIP Fund

In Appendix A the Portfolio name is corrected.

For more information refer to Franklin Templeton VIP Trust Funds Prospectus.

Internal Use Only (I)

In Appendix A the following Portfolio expenses are corrected.

For more information refer to the Janus Henderson Forty Portfolio Prospectus and the Janus Henderson Mid Cap Value Portfolio Prospectus.

In Appendix A the following Portfolio expense is corrected.

For more information refer to the Neuberger Berman Mid Cap Intrinsic Value Portfolio Prospectus.

Please keep this supplement with your prospectus for future reference.

PIKE14 (6/26)

Internal Use Only (I)