*In retirement, employees can convert savings into a stream of lifetime income payments. Options include payments that are guaranteed, or that vary depending upon market performance.
**Guarantees are subject to the claims-paying ability of Teachers Insurance and Annuity Association of America (TIAA).
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. Payments from the variable annuity accounts are not guaranteed and will rise or fall based on investment performance.
There are inherent risks in investing in securities. Investment products may be subject to market and other risk factors. See the applicable product literature, or visit TIAA.org for details. It is possible to lose money by investing in securities.