Overview

Where does TIAA-CREF do business?

TIAA-CREF is an insurance carrier based in Charlotte, NC. The company was founded in 1918 and offers life insurance in 32 states (and Washington, DC). Life insurance is important for anyone who has loved who depend on them financially. It can also help with final expenses and burial costs.

What types of life insurance coverage does TIAA-CREF offer?

Insurance carries typically offer a wide variety of policies. One of the best ways to save money on life insurance is to avoid unnecessary coverage. Only purchase policies and riders you actually need.

Here is a brief description of the coverage TIAA-CREF offers.

• Term Life Insurance - This is the simplest type of life insurance. It is payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. TIAA-CREF offers term lengths ranging from 10 to 30 years.
• Level Term Insurance - These are term policies that have the same fixed premium and payment amount throughout the life of the policy.
• Universal Life Insurance - This type of policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
• Variable Universal Life Insurance - Provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.

As well as the basic coverage types mentioned above, TIAA-CREF also offers the following policies:

• Survivorship Life Insurance - This type of policy covers two individuals and pays a death benefit to a beneficiary after both have died.

How can you save money on a TIAA-CREF life insurance policy?

When you ask for a quote with TIAA-CREF, ask what policy discounts are available.

What is the financial strength rating of TIAA-CREF?

Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy.

There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.

TIAA-CREF scores an A+, SuperMoney's highest available rating.