Intelligent Variable Annuity


A low-cost1 variable deferred annuity that can help you catch up on your retirement savings.

  • Tax-deferred earnings
    Pay no taxes on your earnings until you begin withdrawing2 your money - a clear advantage over taxable savings vehicles.
  • Low annual annuity expense charge
    With our low annual annuity charges that decrease after ten years, you can keep more of your money where it belongs - growing for your retirement. Learn more about our low expenses (PDF).

This product may be right for you if you are concerned about:

  • Doing all you can to save for retirement beyond workplace plans and IRAs
  • Paying taxes on your earnings while you are still saving
  • Outliving your retirement savings

Download the Intelligent Variable Annuity brochure (PDF).

Read the Prospectus (PDF).

  • Investment options
    Having a wide variety of investment choices to match your investing style is important. The Intelligent Variable Annuity offers more than 40 choices from 14 investment management firms:

    • Calamos
    • Columbia Wanger Funds
    • Delaware Investments
    • Edge Asset Management
    • Franklin Templeton Investments
    • ING
    • Janus Capital Management
    • Jennison Associates
    • Legg Mason
    • MFS Investment Management
    • Neuberger Berman
    • PIMCO
    • The Royce Funds
  • No surrender charges
    Our goal is to help you accrue as much money as possible, and so we have no surrender charges.
  • Virtually unlimited contributions
    Unlike IRAs and employer-sponsored retirement plans, there are virtually no contribution3 limits.
  • Non-mandatory withdrawals until age 90
    Keep assets accumulating tax deferred past typical 70½ deadline in retirement plans and IRAs.
  • A variety of distribution options (including lifetime4 income)
    An annuity is the only retirement product you can purchase that can offer guaranteed income for life. The Intelligent Variable Annuity's income options include:
    • Lifetime Income: Pays a level fixed income as long as you and/or your spouse live.
    • Fixed-Period Income: Pays a level fixed income for a fixed period, not less than two years or more than 30.
    • Lump sum: If you want your money all at once.

Keep in mind that there are always inherent risks associated with investing in securities. As with all securities, your accumulations can increase or decrease; depending on how well the underlying investments perform over time. TIAA-CREF does not guarantee the performance of the underlying investments.

1 TIAA-CREF Life’s Intelligent Variable Annuity’s maximum annual annuity expense charge ranges from 0.45% to 0.70%. If the GMDB is selected, the maximum expense charge ranges from 0.55% to 0.80%. According to Morningstar, the average annual annuity expense charge is 1.34% for all variable annuity subaccounts in Morningstar Direct as of 10/24/2008. © 2008 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.

2 Taxable amounts received prior to 59½ may be subject to a 10% penalty.

3 Some restrictions may apply.

4 All guarantees are based upon TIAA-CREF Life's claims paying ability.

Intelligent Variable Annuity (contract form series TCL-VA2) is issued by TIAA-CREF Life Insurance Company (TIAA-CREF Life), 730 Third Ave., New York, NY 10017.

Need Help?
Speak to an Annuity Representative

5-Year Fixed Term* Deposit Rate


as of 8/01/2012

Fixed term rates, performance and disclosure.


*TIAA-CREF Investment Horizon Annuity. Not available in all states. Read the prospectus (PDF) carefully before investing.

Exchange Your Annuity

Learn whether exchanging your non-qualified annuity to a TIAA-CREF Life non-qualified annuity is right for you.

Why Choose TIAA-CREF Life?

  • A company you can trust
  • Financial strength

Learn more Right Arrow

© 2014 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017