1Annuities are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income.If you choose to invest in the variable investment products, your money will be subject to the risks associated with investing in securities, including loss of principal. Guarantees are based on the claims-paying ability of the issuer. Payments from the variable annuity accounts are not guaranteed and will rise or fall based on investment performance.
2TIAA-CREF Life Insurance Company was established in 1996 as a wholly owned subsidiary of Teachers Insurance and Annuity Association of America, which was established in 1918. Each company is solely responsible for its own financial condition and contractual commitments.
3The first variable annuity was created by College Retirement Equities Fund (CREF) in 1952.
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5TIAA-CREF Life’s Intelligent Variable Annuity’s maximum annuity expense charge ranges from 0.45% to 0.70%. If the Guaranteed Minimum Death Benefit option is selected, the fee is 0.10% and the maximum expense charge ranges from 0.55% to 0.80%. All expense information presented here is as of the prospectus dated May 1, 2015. Please see the prospectus for more information. According to Morningstar, the average annuity expense charge is 1.34% for all nongroup variable annuity subaccounts in Morningstar Direct as of 7/7/15. ©2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
6$2,500 minimum investment for Intelligent Variable Annuity only; subsequent investments require $250 or more. Minimum for Investment Horizon Annuity is $5,000 and Single Premium Immediate Annuity is $25,000. We reserve the right to limit premiums to no more than $1,000,000 in a calendar year. See contract for details.
7TIAA-CREF Life Insurance Company (TIAA Life) is a member of one of only three insurance groups in the United States to hold the highest possible rating from three of the four leading, independent insurance company rating agencies: TIAA Life is a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (TIAA). TIAA Life holds the following ratings as a result of its relationship with TIAA: A.M. Best (A++ as of 6/16), Fitch (AAA as of 5/16), and Standard & Poor's (AA+ as of 7/15). It holds the second highest possible rating from Moody’s Investors Service (Aa1 as of 8/15). Per S&P criteria, the downgrade of U.S. long-term government debt limits the highest rating of U.S. insurers to AA+ (the second highest rating available). There is no guarantee that current ratings will be maintained. Ratings represent a company’s ability to meet policyholders’ obligations and claims and do not apply to variable annuities, mutual funds or any other product or service not fully backed by TIAA Life’s claims-paying ability.
*As with any investment, there is a possibility of loss of principal.
Please keep in mind that annuities are designed for retirement and other long-term goals. If you choose to invest in the variable investment products, your money will be subject to the risks associated with investing in securities, including loss of principal.
For any lump sum withdrawal from the TIAA-CREF Investment Horizon Annuity, federal income tax law requires that any tax-deferred earnings must be withdrawn first, followed by principal. If you own multiple annuity contracts issued by the same company during the same calendar year, the IRS will treat all your contracts as one for tax reporting on any lump sum taken.
TIAA-CREF Individual & Institutional Services, LLC, member FINRA distributes securities products. Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Some products may not be available in all states.