1 See the prospectus for details on charges, restrictions and limitations. Fixed annuities are issued by TIAA-CREF Life Insurance Company (TIAA Life). All guarantees are based upon TIAA Life's claims paying ability. Not available in these states: Illinois, Indiana, North Dakota, Oregon, Washington
2Amounts withdrawn prior to age 59 ½ may be subject to a 10% IRS penalty. Some restrictions and fees may apply. See prospectus for details.
3 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 6/17)
Fitch (AAA as of 11/17)
Standard & Poor's (AA+ as of 9/17)
, and the second highest possible rating from
Moody’s Investors Service (Aa1 as of 8/17)
. 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. TIAA and TIAA Life are each solely responsible for their own financial condition and contractual obligations.
*Guarantees are subject to the claims-paying ability of the issuing insurance company.
Contract form series TCL -MVA 1
If you withdraw assets before the end of the guarantee period, your distribution will be subject to taxes, a surrender charge and market value adjustment which can be positive or negative.
For any lump sum withdrawal from the TIAA-CREF Investment Horizon Annuity, any gains are taxed as ordinary income. 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.
We reserve the right to limit premiums to no more than $1,000,000 in a calendar year. See contract for details.
TIAA Life Insurance Company (TIAA Life) is a wholly owned subsidiary of Teachers Insurance and Annuity Association (TIAA). Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Not available in all states.
Annuity contracts contain exclusions, limitations, reductions of benefits and may contain terms for keeping them in force. We can provide you with costs and complete details.