An easy way to turn some of your nest egg into income immediately

  • A variety of distribution options
    Your Single Premium Immediate Annuity can be set up to provide income1 for:
    • One-Life: Pays income as long as the annuitant lives or until the end of an optional specified guaranteed period, whichever is longer.
    • Two-Lives: Pays income as long as either the annuitant or the second annuitant is alive or until the end of an optional specified guaranteed period, whichever is longer.
    • Fixed-Period: Pays income for a fixed period of five to 30 years not to exceed the life expectancy of the annuitant.

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

  • Creating an immediate stream of income
  • Outliving your retirement savings

Download the Single Premium Immediate Annuities brochure  (PDF)

Read the Prospectus  .

  • Choice of guaranteed level or variable payments (or a combination)
    • Guaranteed interest payments: Your annuity income check will always be level – so you will always know what your income will be.

    • Variable payments: Your annuity income checks will increase or decrease depending on how the underlying investments that you choose perform over time.

      • Current TIAA-CREF Life Funds choices include:

        • Growth & Income

        • Growth Equity

        • International Equity

        • Large-Cap Value

        • Real Estate Securities

        • Small-Cap Equity

        • Social Choice Equity

        • Stock Index

  • Tax-deferred earnings
    While an immediate annuity is paying a stream of income over time, any earnings not yet paid out continue to accumulate tax deferred.


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. Before investing, please see the fund’s prospectus for detailed information about these and other risks.

The Single Premium Immediate Annuities total contract separate account charges are 0.60% (guaranteed maximum charges 1.20%). There are no other contract charges

Need Help?

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5-Year Fixed Term* Deposit Rate

1.50% as of 7/01/2015

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

Exchange Your Annuity

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

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