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Personal annuities

Call us at 877-554-8282 to speak with an annuity representative.
Get the basics

Where personal annuities fit into your retirement planning

What is a personal annuity?

A personal annuity, also called an after-tax annuity, can help you build additional retirement savings and is not subject to income rules or contribution limits like your 403(b) or IRA. Another key advantage is that you pay no taxes on any growth  until you begin taking income.
 

If you want an additional way to save for retirement outside of an employer plan, consider a personal annuity. Personal annuities offer options that can provide guaranteed income for life when you retire.1

Our Options

Find a personal annuity that’s right for you

Personal ANNUITIES

Variable

Potential for increased earnings but also added risk.
Personal ANNUITIES

Fixed

Choose a guaranteed rate of return.
Personal ANNUITIES

Immediate income

Convert a lump sum into
income.
HELP ME CHOOSE

Not sure which annuity to pick?

Let us help. Answer these simple questions to find out which annuity might be right for you.
 
When do you want to start getting payments?
WE SUGGEST

Immediate Income Annuity

Turn some of your money into guaranteed income.*
HELP ME CHOOSE

Which matters more to you?

NEXT: WHAT WE SUGGEST
We Suggest

Variable Annuity

Get growth potential with a variety of investment choices.*
We Suggest

Fixed Annuity

Get a guaranteed fixed rate, with protection from market ups and downs.*
* Guarantees are subject to the claims-paying ability of the issuing insurance company and do not apply to the underlying subaccounts.
HELP ME CHOOSE

Consider exchanging your existing annuity for our annuity

Take advantage of potentially lower fees and more investment options from annuities issued by TIAA-CREF Life Insurance Company (TIAA Life).*
Why us

We take our responsibility to retirees seriously

After you stop working, reliable income becomes a lifeline.

We’ll be there for you in retirement

We’ve offered annuities for nearly 100 years.2

We invented the variable annuity

Since 1952, we’ve been working to make
it better for you.3

Dedicated to serving you

We made the list of most ethical financial companies by Ethisphere Institute.4

We do annuities differently

Annuities issued by TIAA-CREF Life Insurance Company (TIAA Life), New York, New York.
LOW COSTS?
Yes
94% of our investment choices are the lowest cost in the industry. 5
NOT ENOUGH MONEY?
As low as $2,500
Minimum startup investment. 6
LOSE CONTROL OF MY MONEY?
No
You decide where you invest, for what period. You can even walk away.
YOU KEEP MY MONEY IN ALL CASES IF I DIE EARLY?
No
Your beneficiary gets your money if you die before taking payments.
HIGH RATINGS?
Yes
We have the highest rating from three of four independent ratings agencies.7
Take Action

See annuity performance

The performance of your annuity starts with the quality of your investments.

Give us a call

Speak to an annuity representative. We’re here to help.
877-554-8282
Weekdays, 8 a.m. – 9 p.m. (ET)

Schedule a call

Tell us when to call you.
 
 
 

Discover More

INSIGHTS

Get the full match from your employer's retirement plan

Make sure you’re getting your full employer match, if offered, in your retirement plan.
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Set up your financial dashboard

Register online and view all of your money in one place.
SERVICE

With TIAA, you never have to go it alone

Need help figuring out how a personal
annuity might fit into your plans?
Talk to an advisor.
WHY TIAA

TIAA is all about trust

We made the list of most ethical financial companies by Ethisphere Institute.4
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.
4The World’s Most Ethical Companies is a distinction by Ethisphere Institute that honors superior achievements in transparency, integrity, ethics and compliance. TIAA was named on Ethisphere's most ethical financial companies in 2015.
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.
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