TIAA-CREF Life Insurance Company's (TIAA-CREF Life's) term life insurance premiums are "tiered," with progressive discounts for coverage amounts of $250,000 (to less than $500,000), $500,000 (to less than $1,000,000) and $1,000,000 or more. If you have asked for a quote on an amount close to the next band break (for example, you requested a quote for $450,000 of coverage), you may wish to submit a second quote request (in this case for $500,000) to see if the premium for the amount is actually less than the premium for the coverage amount you originally requested.
Level Term Life insurance, policy form series TCL-LPT.1 and other life insurance policies are issued by TIAA-CREF Life, a wholly owned subsidiary of Teachers, Insurance and Annuity Association of America (TIAA). Both TIAA and TIAA-CREF Life are headquartered at 730 Third Avenue, New York, NY 10017-3206. Each is solely responsible for its own financial condition and contractual obligations. All products may not be available in all states.
Preferred Plus premiums are for individuals who are non-tobacco users, in optimal health, have a family history of good health, and lead a low-risk lifestyle. Individuals who are in good or above-average health may qualify for our Preferred or Select premiums. Tobacco users in good health may be eligible for our Standard premiums. Your actual premiums will be determined after you undergo the medical exam and the underwriting process has been completed and may be higher. Your premiums will depend on your age at the time your policy is issued, your gender (except for residents of Montana),health, and lifestyle.
Monthly premiums are available only with Electronic Funds Transfer. Other payment options are available including quarterly, semiannual, and annual payments with your credit card or through direct billing. For more information about these options, call us at 855 200-6525.
Investment, insurance, and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
Exclusions, restrictions, limitations, and reductions in benefits will, in certain situations, apply to your policy. For full details, including costs, call us at 855 200-6525. Please note that TIAA-CREF Life has the right to contest the policy for misrepresentation by the applicant.
All solicitations pertaining to a contract for insurance may only be handled by an agent or broker licensed to engage in the business of insurance in the state in which you reside.
TIAA-CREF Life is domiciled in New York, NY with its principal place of business in New York, NY. Its California Certificate of Authority number is 6992.
© 2015 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY 10017.