Insurance is one of life's necessities, but it is also a financial product that can be difficult to understand.
Insurance reimburses people for covered losses in the event of an unforeseen event. In the case of life insurance, this event is a death. Life insurance mediates the threat of financial loss caused by the death of a loved one by pooling the risks of many individuals and business entities and reassigning that risk to an insurance company in exchange for a price (known as a premium). Insurance companies then combine the premiums paid by consumers to form a fund that can be used to pay for covered losses experienced by their policyholders.
But what does this mean to you? It means that by purchasing a life insurance product from TIAA-CREF Life Insurance Company (TIAA-CREF Life) and making required premium payments for the duration of the policy, and otherwise satisfying its terms, you can help protect the promises you’ve made and the financial future of your loved ones, even in the event of your loss.
Learn about your life insurance choices and get a preliminary life insurance quote today — without obligation or pressure to buy. Or, if you would like to get personalized advice from a TIAA-CREF Life Insurance Representative, call 877 276-9429.