Term insurance helps protect the ones you love for a stated period of time, like 10, 15 or 20 years. Permanent insurance, such as universal or variable universal life, is designed to provide life-long protection.

Level Term Life Insurance

Level Term life insurance is a good choice for young individuals, couples and growing families because the premiums are generally lower than other types of life insurance policies, and don’t increase during the initial term of the policy.

In general, Level Term life insurance is high-benefit coverage you buy for a set period of time. Premiums are typically lower than for permanent insurance such as Universal Life.

Level Term insurance from TIAA-CREF Life Insurance Co. (TIAA-CREF Life) offers benefits of $100,000 to $1 million (or more) and they remain level for a period of 10, 15, 20 or 30 years.1 And, because premiums are fixed, it’s a good choice for those who want the guarantee of stable policy costs when budgeting. If you pass away during the term period, the full death benefit is paid to your beneficiaries.

Annual Renewable Term Life Insurance

Annual Renewable Term life insurance is insurance that covers you for a year at a time. You may want to consider Annual Renewable Term if you are starting a business or taking on other short-term debt, or have a young and growing family. Initial premiums increase over time and are typically lower than for permanent insurance such as Variable Universal Life.

Annual Renewable Term insurance from TIAA-CREF Life covers you for a year at a time, and allows you to renew for additional one-year terms without having to take a medical exam each year.2 Since premiums are lower when you are young, you may find this pay-as-you-go coverage attractive if you want the security of a term life policy – at the most affordable cost.

Universal Life Insurance

Universal Life insurance is a good choice for individuals, couples and families who want the protection of life insurance and the ability to accumulate cash values that can be used to help with a down payment on a home, college tuitions, business expansion or retirement.

Universal Life is permanent insurance and is designed to cover you for life.3 Premiums are usually higher than for term insurance because your policy accumulates cash values. The cash values grow at a guaranteed rate of interest, and are accessible while you’re alive, should you need it. Unpaid loans and withdrawals will reduce policy cash values and the death benefit and may have tax consequences.

The premium and face amounts for TIAA-CREF Life’s Universal Life insurance policies are adjustable so you can change them as your needs evolve.4 Universal Life is a good choice if you want life insurance with a valuable investment feature, which makes it attractive if you want to expand your portfolio.

Universal Life Insurance with Long-term Care Benefits5

This kind of policy combines the permanent death benefit protection of a universal life policy with long-term care benefits to help protect your savings from the high costs associated with these services:

  • Adult day care
  • Assisted living care
  • Home health care
  • Hospice care
  • Nursing home

This type of insurance can help you pass on more of your wealth to the ones you love.

Variable Universal Life Insurance

Variable Universal Life (VUL) is a good choice for established families, individuals and couples who want the flexibility to customize their insurance policy and are willing to accept some investment risk in exchange for potentially higher cash value returns.6 VUL insurance is designed to cover you for life. Premiums are usually higher than for Term Life insurance.

With our VUL you choose the coverage amount, and the premium payment amount and frequency.4 You choose from over 60 investment account options, and where to invest your premium dollars. The cash values and death benefits grow based on the results of your investments. For permanent protection with flexible management choices, VUL may be a good choice for you. There are inherent risks associated with investing in securities. As with all securities, the accumulations can increase or decrease depending on how well the underlying investments perform over time. We do not guarantee the performance of the underlying investments. Be sure to read the Intelligent Life Variable Universal Life prospectus (PDF) carefully.

Ready to Learn More?

A TIAA-CREF Life Insurance Representative is ready to answer your questions, offer you personalized guidance, walk you through the process of choosing the right coverage, and begin the application process when you’re ready.

Call us at 877 276-9429 Monday - Friday, 8 a.m. to 8 p.m. (ET), to speak with an Insurance Representative or click the button below to schedule your no-obligation callback with no pressure to buy.

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To get information or apply for a new policy, speak with our Life Insurance Representatives at:

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Call us at
877 276-9429
Weekdays, 8 a.m. to 8 p.m. (ET)

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Customer service & claims

877 694-0305
Weekdays, 8 a.m. – 6 p.m. (ET)

Application status

800 223-1200, option #2
Weekdays, 8 a.m. – 5 p.m. (ET)

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