An annuity that provides a safe way to guarantee returns and save more for retirement
If you withdraw4 assets before the end of the guarantee period, your distribution will be subject to taxes, a surrender charge and market value adjustment which can be positive or negative.
A $25 charge will be applied on the contract anniversary date if the contract value is less than $25,000. A $25 charge will also apply if the entire contract is withdrawn and the contract value is less than $25,000.
1 All guarantees are based upon TIAA-CREF Life's claims paying ability.
2 Taxable amounts received prior to 59½ may be subject to a 10% penalty.
3 Some restrictions may apply.
4 For any lump-sum withdrawal from the annuity, federal income tax law requires that any tax-deferred earnings must be withdrawn first, followed by principal. If you own multiple annuity contracts issued by the same company during the same calendar year, then all the contracts are treated as one.
The TIAA-CREF Investment Horizon Annuity (contract form series TCL-MVA1), is issued by TIAA-CREF Life Insurance Company (TIAA-CREF Life), 730 Third Ave., New York, NY 10017
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Learn whether exchanging your non-qualified annuity to a TIAA-CREF Life non-qualified annuity is right for you.