Life insurance questions & answers
Why do I need life insurance?
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.
How do I choose the right type of life insurance?
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) .
How much life insurance do I need?
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.
How much does life insurance cost?
The cost of your coverage will depend on:
- Eligibility Policy type (term or permanent)
- Amount of coverage
- Length of coverage
- Your age, health, lifestyle and other factors
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).
What do financial strength ratings mean to me?
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.*
What happens after I apply for coverage?
Once you apply, we’ll contact you to schedule a health screening at a location of your choosing, and at no cost to you. After reviewing your situation, we will either issue your policy, ask for additional information, or decline the coverage – often within three to four weeks.
Have additional questions?
Speak with one of our insurance representatives.
Weekdays, 8 a.m. to 8 p.m. (ET)