1 Guarantees are subject to the claims-paying ability of Teachers Insurance and Annuity Association of America (TIAA). TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes.
2 Applies to mutual fund and variable annuity expense ratios. Source: Morningstar Direct, September 30, 2019. 76% of TIAA-CREF mutual fund products and variable annuity accounts have expense ratios that are in the bottom quartile (or 96.94% below median) of their respective Morningstar category. Our mutual fund and variable annuity products are subject to various fees and expenses, including but not limited to management, administrative, and distribution fees; our variable annuity products have an additional mortality and expense risk charge.
3 The TIAA Real Estate Account is truly diversified within the larger asset class of commercial real estate. An investment in the TIAA Real Estate Account, when combined with other appropriate investments in different asset classes, can help an investor achieve portfolio diversification. Diversification is a technique to help reduce risk. It is not guaranteed to protect against loss.
The TIAA Real Estate Account is a variable annuity product and an insurance separate account of TIAA. The real estate industry is subject to various risks including fluctuations in underlying property values, expenses and income, and potential environmental liabilities.
In general, the value of the TIAA Real Estate Account will fluctuate based on the underlying value of the direct real estate or real estate-related securities in which it invests. The risks associated with investing in the Real Estate Account include the risks associated with real estate ownership including, among other things, fluctuations in underlying property values, higher expenses or lower income than expected, risks associated with borrowing and potential environmental problems and liability, as well as risks associated with participant flows and conflicts of interest. For a more complete discussion of these and other risks, please consult the prospectus.
Annuity account options are available through contracts issued by TIAA or CREF. These contracts are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income. Any guarantees under annuities issued by TIAA are subject to TIAA’s claims-paying ability. Payments from the variable annuity accounts are not guaranteed and will rise and fall based on investment performance.
A variable annuity is an insurance contract and includes underlying investments whose value is tied to market performance. When markets are up, you have the potential to capture gains, but you may also experience losses when markets are down. When you retire, you can choose to receive income for life and/ or other income options.
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.
TIAA Traditional is offered through the following form series including but not limited to: 1000.24; G-1000.4; IGRS-01-84-ACC; IGRSP-01-84-ACC; 6008.8. Not all contracts are available in all states or currently issued.