Fixed annuity

Our fixed annuity, TIAA-CREF Investment Horizon AnnuityOpens pdf, allows you to save with a fixed guaranteed rate and pay taxes only when you take money out.1

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

Get the basics

Protect your money from market ups and downs with guaranteed fixed annuity rates

Putting money in

  • Know what to expect with a fixed rate
  • Fees are low and easy to understand
  • Earnings grow tax-deferred
  • Choose from multiple time periods

Taking money out

  • No mandatory withdrawals until age 90
  • Set up a guaranteed income stream for life or take out a lump sum of cash*

Get full details on TIAA-CREF Investment Horizon Annuity

Important information Important information about TIAA-CREF Investment Horizon Annuity Opens dialog

What is a fixed annuity?

A fixed annuity allows you to save beyond 403(b)/401(k) and/or IRA limits. So you can feel more confident you'll reach your goals.

1. Put money in

Decide how much you want to put in your annuity—you can make contributions over time or all at once.

2. Choose time period

Choose a time frame and interest rate consistent with your needs.

3. Take money out

At the end of the time period, decide how you want to receive your income payments—you can either get a set payment amount or all your money at once.

Get the basics

Fixed annuities offer growth with lots of control

So you can protect yourself and plan for the future.

Conservative investor

Earnings are predictable with a guaranteed rate.

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Ready to retire

Annuities augment your plan with additional income.

Building a legacy

You don't have to take money out until age 90.

Is this annuity right for you?

Good if you care about:

  • Potentially saving money on taxes
  • Guaranteed interest for a set period
  • Freedom to invest or withdraw funds as needed2
  • Option to receive guaranteed income for life
Why Us

Reasons to consider a TIAA-CREF fixed annuity

Get Started

Need help to decide?

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

Discover more


Annuities offered in your 403(b)

Learn about annuities that may be offered as part of your workplace plan.


Get the full match from your employer’s retirement plan

Don't leave money on the table. Make sure you’re getting your full employer match.

*Guarantees are subject to the claims-paying ability of the issuing insurance company.

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

2 Amounts 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 7/20) , Fitch (AAA as of 4/20) and Standard & Poor's (AA+ as of 8/20) , and the second highest possible rating from Moody’s Investors Service (Aa1 as of 9/20) . 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.

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.

Please read the prospectus for information about the TIAA-CREF Investment Horizon Annuity by going to

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.

his 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.

Contract form series TCL -MVA 1

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.