TIAA-CREF, which stands for Teachers Insurance and Annuity Association - College Retirement Equities Fund, was founded in 1918. Originally the company’s mission was to provide retirement funds for professors. Today TIAA-CREF has become a leading provider of life insurance, and was named to the 2009 Ward’s List of Top Producers of Life Insurance. As a whole, TIAA-CREF is actually one of the largest and strongest financial intuitions in the US, with a reported $398 billion in total assets.
The Current President and CEO is Robert W. Ferguson, JR.
The Company is headquartered in New York, NY
According To The Company
TIAA-CREF is ranked 86th on the Fortune 500 list of the biggest corporations in America. The company helps meet the financial needs of approximately 3.6 million individuals and 15,000 institutions in the academic, research, medical, cultural and nonprofit fields. As of 2009 it is one of only 5 life insurance providers that is rated “AAA” by Moody’s.
As a highly rated financial institution, TIAA-CREF reminds those interested in life insurance that the death benefits of life insurance offer not only piece of mind – but a life insurance policy can be a key component of a plan for your financial future. Life insurance offers income protection as well as estate liquidity to protect assets and cover often-substantial estate taxes.
TIAA-CREF says that no matter your life circumstances, or whether you are considering Term or Permanent Life insurance – the earlier you purchase your life insurance policy – the better off you will be. If you are in the market for Term Life insurance, the younger and healthier you are – the cheaper you rate will be. If you are interested in the cash value aspects of a Whole Life insurance option, again the younger you are – the more time you will have to accumulate the greatest benefit.
