|Benefits||Term life insurance||Permanent life insurance|
|Coverage for||10, 15, 20 or 30 years||Your whole life|
|Flexible payments||Premium remains level for fixed period||Flexible in funding your payments|
|Can build cash value||No||Yes|
|Guaranteed payout upon death||Yes||Yes|
|Tax-free death benefit*||Yes||Yes|
|Check out how much term you could use and apply online||Call 877-276-9429 for Permanent|
|Learn more||Learn more|
GET THE BASICS
Term vs. permanent life insurance: Which is best for you?
*Generally, income tax free at the federal level: See IRC Section 101(a). Some states may tax insurance proceeds. You should check with a qualified tax professional for guidance on how you may be impacted.
How is TIAA-CREF Life Insurance Company different?
We make it easy for you
You can get started online or call our reps who can quickly help you.
High ratings for financial strength
We're among the highest rated insurance companies in the U.S. 1
Give back while you protect
Choose a charity to receive 1% of your policy amount, at no additional cost to you – or your loved ones. 2
Life insurance proceeds can help provide money to pay off debts - like a mortgage, medical expenses or student loans - or provide for the people you care most about in the event something happens to you.
It’s important to match your coverage with your needs.Term insurance is typically good for someone with insurance needs that may go down in the future.Permanent insurance is typically good when you don’t expect your need for protection to go down or go away in the future.Need help deciding? Call us at 877-276-9429 weekdays, 8 a.m. to 8 p.m. (ET) .
One rule of thumb is six to ten times your annual income, but everyone’s needs are different. Life Wizard can help you find out how much insurance you need (if any), get a cost quote for term insurance, and apply for term life coverage.
The cost of your coverage will depend on:
For a term insurance cost estimate, use our quick quote tool.For an estimate of permanent insurance costs, call us at 877-276-9429 weekdays, 8 a.m. to 8 p.m. (ET).
- Eligibility Policy type (term or permanent)
- Amount of coverage
- Length of coverage
- Your age, health, lifestyle and other factors
An insurance company’s rating is one of the best measures of its current ability to pay claims. TIAA-CREF Life Insurance Company is a member of one of only three insurance groups in the U.S. to hold the highest possible rating from three of the four leading independent insurance company rating agencies.*
Speak with one of our insurance representatives.877-276-9429
* For its stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is a member of one of only three insurance groups in the United States to currently hold the highest rating available to U.S. insurers from three of the four leading insurance company rating agencies: A.M. Best (A++ as of 6/18), Fitch (AAA as of 6/18) and Standard & Poor's (AA+ as of 10/18) , and the second highest possible rating from Moody’s Investors Service (Aa1 as of 9/18). There is no guarantee that current ratings will be maintained. The financial strength ratings represent a company’s ability to meet policyholders’ obligations and do not apply to variable annuities or any other product or service not fully backed by TIAA’s claims-paying ability. The ratings also do not apply to the safety or the performance of the variable accounts, which will fluctuate in value.
Guarantees are subject to the claims-paying ability of the issuing company.
The TIAA group of companies does not provide tax advice. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
Life Insurance is issued by TIAA-CREF Life Insurance Company. 730 Third Avenue, New York, NY 10017.