An annuity can provide income for life. We offer two types of annuities: variable or fixed. Variable annuities rise and fall with the markets. Fixed annuities provide a guaranteed return.1
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Get the basics

Learn how annuities can help generate income for life
Step One An annuity is available through an employer plan or IRA or through a personal annuity. 2
Step Two You can put money in either all at once or contribute regularly over time.
Step Three You are able to watch how your account performs over time.
Step Four Once you retire, you can choose one of many income options, including income for life.
our options

Types of annuities


Through your employer
Save for retirement through our fixed or variable annuity offerings. After you leave the workforce access the option of monthly lifetime income.


On your own
Offers the ability to save money in a fixed or variable annuity outside of what you may be saving through your employer's plan.

Why consider an annuity in your IRA?

Survey Insights

Lifetime Income Survey

More than half of non-retired Americans surveyed know how their savings will translate into monthly income during retirement.1
Do you know what your monthly income will be when you retire?
Industry Leadership
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TIAA is a founding member of the new Alliance for Lifetime Income

The Alliance’s shared purpose is to educate people on the important role annuities can play in having income for life.
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1 Source: 2017 TIAA Lifetime Income Survey. The survey was conducted by KRC Research from August 3 to 14, 2017, via an online survey among a random sample of 1,000 American adults age 18 or older. The sample includes 761 respondents who are not retired and 239 respondents who are retired.  For more information and details about this survey, visit the executive summary .
2 Certain products and services are only available to eligible individuals.
3 69% of TIAA-CREF's funds and variable annuity accounts received a Morningstar overall rating of 4 or 5 stars ( 35.90% 4 stars and 33.33% 5 stars ), based on risk-adjusted returns as of June 30, 2018 .**
**Morningstar ratings are based on each mutual fund or variable annuity account’s lowest-cost share class and include U.S. open-end mutual funds, CREF Variable Accounts and the Life Funds. For a fund or account with multiple share classes and the same pricing, the share class with the longest performance history is used. The Morningstar Rating™ – or “star rating” – is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The rating is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Morningstar ratings may be higher or lower on a monthly basis. The top 10% of funds or accounts in each product category receive five stars, the next 22.5% receive four stars and the next 35% receive three stars. The overall star ratings are Morningstar’s published ratings, which are derived from weighted averages of the performance figures associated with the three-, five-, and 10-year (if applicable) Morningstar rating metrics for the period ended June 30, 2018 . Morningstar is an independent service that rates mutual funds. Past performance cannot guarantee future results. For current performance and ratings, please visit
4 For stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) and TIAA-CREF Life Insurance Company (TIAA Life) are 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 8/17) , and the second highest possible rating from Moody’s Investors Service (Aa1 as of 2/18) . 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 the issuer’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.
This material is for informational or educational purposes only and does not constitute a recommendation or investment advice in connection with a distribution, transfer or rollover, a purchase or sale of securities or other investment property, or the management of securities or other investments, including the development of an investment strategy or retention of an investment manager or advisor. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made in consultation with an investor's personal advisor based on the investor’s own objectives and circumstances