Personal annuities

Call us at 877-554-8282 or check out our Annuity Cost Saving Tool to see how much you could save in expenses.1
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 401(k), 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.2


Find a personal annuity that’s right for you

Personal annuities


Potential for increased earnings but also added risk.
Personal annuities


Choose a guaranteed rate of return.
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?

Immediate Income Annuity

Turn some of your money into guaranteed income.*

Which matters more to you?

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.*

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).6
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.3

We invented the variable annuity

Since 1952, we’ve been working to make
it better for you.4

Dedicated to serving you

We made the list of most ethical financial companies by Ethisphere Institute.5

We do annuities differently

Annuities issued by TIAA-CREF Life Insurance Company (TIAA Life), New York, New York.
94% of our investment choices are the lowest cost in the industry. 6
As low as $2,500
Minimum startup investment. 7
You decide where you invest, for what period. You can even walk away.
Your beneficiary gets your money if you die before taking payments.
HIGH insurance company RATINGS?
TIAA Life has the highest rating from three of four independent ratings agencies.8
The financial strength ratings for the issuing company do not apply to the safety or performance of the variable accounts, which will fluctuate in value.
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.
Weekdays, 8 a.m. – 7 p.m. (ET)

Schedule a call

Tell us when to call you.

Discover More


Need to fill an income gap?

See how much an annuity can help.
my accounts

Set up your financial dashboard

Register online and view all of your money in one place.
*Guarantees are subject to the claims-paying ability of the issuing insurance company.
1Our Annuity Cost Saving Tool is not approved for use in the state of Oregon.
2Annuities 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.
3TIAA-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.
4The first variable annuity was created by College Retirement Equities Fund (CREF) in 1952.
5The 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 2020.
6According to Morningstar, the average annuity expense charge is 1.3% for all non-group annuity subaccounts in Morningstar Direct as of 5/01/2020. ©2020 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.
7$2,500 minimum investment for Intelligent Variable Annuity only; subsequent investments require $250 or more. Minimum for Investment Horizon Annuity is $5,000. We reserve the right to limit premiums to no more than $1,000,000 in a calendar year. See contract for details.
8For its stability, claims-paying ability and overall financial strength, TIAA-CREF Life Insurance Company is a member of one of only three insurance groups in the United States to hold the highest rating available to U.S. insurers from three of the four leading independent insurance company rating agencies. TIAA-CREF Life Insurance Company (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 7/20) , Fitch (AAA as of 4/20) and Standard & Poor's (AA+ as of 2/19) , and the second highest possible rating from Moody’s Investors Service (Aa1 as of 8/19) . There is no guarantee that current ratings will be maintained. The financial strength ratings represent a company’s ability to meet policyholders’ obligations and claims and do not apply to variable annuities or any other product or service not fully backed by TIAA Life’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.
This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
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.