TIAA Bank
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Life Insurance We know performance is important to you. Count on us for a wide variety of high performing investment accounts from TIAA and other money managers.
- Retirement and Banking
Annuity contracts and certificates are issued by Teachers...
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Annuity contracts and certificates are issued by Teachers...
- Retirement and Banking
Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.
Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.
- Pros Explained
- Cons Explained
- Available Plans
- Term Life Insurance
- Universal Life
- Available Riders
- Customer Service
- Complaint Index
- Financial Strength
- Cancellation Policy
Financially sound: TIAA receives top scores for financial strength with an A++ (Superior) rating from AM Best.Educator-focused: TIAA was formed as the Teachers Insurance and Annuity Association of America to provide educators with life insurance coverage.Excellent customer satisfaction: For the last several years, TIAA has received excellent ratings for customer satisfaction from the National Association of Insurance Commissioners (NAIC).No new policies after 2019:TIAA stopped issuing new life insurance policies as of January 2020.Few details available online:There are few details available online regarding many of TIAA’s life insurance policies.Although no new policies are available, TIAA continues to maintain policies established prior to 2020. This includes several types of life insurance, including term, universal, variable universal, and a monthly income replacement plan.
Some of TIAA's existing customers have term life insurancepolicies, which serve as a temporary form of coverage. The policies include an expiration date, typically lasting between 10 and 20 years. If the policyholder dies before the policy ends, a death benefit is paid out to the beneficiary.
TIAA has two forms of universal life insurance. Universal life insurance was available for both single and dual policyholders with a survivorship option if you also wanted to include a spouse or business partner on your policy.
Few policies are perfect just as they come, so life insurance riderscan be an enormous help in customizing coverage to your exact needs. In general, you can purchase riders at an additional cost to provide additional types of protection for your life insurance policy. TIAA had 11 riders for its life insurance policies.
TIAA has a convenient online form to help you find a TIAA office or an advisor. There is also a secure online portal for uploads and a mobile app to keep you plugged in on the go.
To best understand a company’s customer satisfaction levels, we look to the National Association of Insurance Commissioners (NAIC). Each year, the NAIC assigns a company a complaint index number based on how many complaints the company receives relative to its size. A 1.00 index means the complaints it receives are proportional to its size. Anythin...
TIAA also rates very high for financial strength, earning an A++ (Superior) rating from AM Best, the highest grade possible.
TIAA customers can cancel existing policiesby making a cancellation request. Any cash value, minus applicable fees, will be sent to you per the terms of your policy. To cancel your policy, you can call customer support at 1-877-694-0305, Monday through Friday, between 8 a.m. and 6 p.m. ET.
TIAA accounts enable you to view balances, manage investments, and get advice. Access TIAA secure login here.
Jan 22, 2024 · TIAA stopped selling life insurance in 2019 but still offers a range of investment, retirement and banking products.
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Aug 18, 2023 · The company offers both term life and permanent life policies. Its plans include level term life insurance, annual renewable term life insurance, universal life insurance and variable universal life insurance.
