Exchange an Annuity


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Take advantage of a tax-free 1035 exchange

You can exchange your non-qualified annuity from another insurance company to a TIAA-CREF Life Insurance Company (TIAA-CREF Life) non-qualified annuity.* When considering this move, you’ll want to compare the following:

  • Product features (such as a death benefit)
  • Costs
  • Guaranteed interest rates and/or choice of investments
  • Surrender charges
  • Financial strength of carrier

*There may be tax consequences associated with the transfer of assets. An exchange may not always be your best option. Consult with your advisor regarding your particular situation.


Why fees matter

When comparing variable deferred annuities, you'll see that fees can vary widely. Keep in mind, that the less you pay in annuity fees, the more you'll potentially have to turn into retirement income.

Potential cost savings from a low-cost annuity

This hypothetical illustration shows you how a low-cost annuity can have a substantial impact on the amount of your savings can grow over a 25-year period.

Annuity Exchange Chart

This is a hypothetical example. It is for illustrative purposes only and is not intended to predict or project investment results/future values. Actual returns will vary.

Please keep in mind that there are risks associated with investing in securities including loss of principal.


To learn more about how to exchange your non-qualified annuity from another insurance company to a TIAA-CREF Life non-qualified annuity, speak with one of our Annuity Representatives today! Call 877 554-8282 now. Or,

Life Insurance Schedule Call Button B

1 Before transferring assets or replacing an existing annuity, be sure to carefully consider the benefits of both the existing and new product. There will likely be differences in features, costs, surrender charges, services, company strength and other important aspects. There may also be tax consequences associated with the transfer of assets. Indirect transfers may be subject to taxation and penalties. Consult with your own advisors regarding your particular situation.

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.

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5-Year Fixed Term* Deposit Rate

1.00%

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.

Why Choose TIAA-CREF Life?

  • A company you can trust
  • Financial strength

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Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.

All solicitations pertaining to a contract for annuities may only be handles by an agent or broker licensed to engage in the business of annuities in the state in which you reside.

Non-qualified annuities are issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY 10017. TIAA-CREF Individual & Institutional Services, LLC, member FINRA distributes securities products. Intelligent Variable Annuity, contract form series TCL-VA2, TIAA-CREF Investment Horizon Annuity, contract form series TCL -MVA 1, and Single Premium Immediate Annuity, contract form series TCL-1009, TCL-1033, TCL-901 are issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY 10017. Not available in all states. Some products may not be available in all states.

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