2 Based on assets under management across Nuveen Investments affiliates and TIAA investment management teams
i TIAA-CREF Variable Annuities’ prospectus net expense ratios as compared against those of U.S. Variable Annuities Subaccounts in their respective Morningstar Categories. Source: Morningstar Direct 1/1/16. Excludes accounts with the highest expenses (top 1 percent).
ii TIAA Actuarial: Assumes 30 years of level contributions to TIAA Traditional Annuity as compared to a one time contribution at retirement, Single Life Annuity, age 65. Results are as of July 1, 2015. Our results are based on historical and current crediting and payout interest rates, and under different interest rate scenarios the results will vary. The experience of each investor depends on many factors, including the number of years of participation, varying contribution levels, and the interest rate environment at the time of retirement. Thus, individual experience will vary. These calculations are purely hypothetical and do not illustrate past or projected performance. Past performance is not indicative of future returns. Guarantees subject to the issuing company’s claims-paying ability.
iii 2016 TIAA Lifetime Income Survey
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TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.