I cannot seem to find any information on the surrender charge schedule for this...
TIAA-CREF
TIAA-CREF has a long-standing reputation for providing cost effective financial services to those in the academic, medical, cultural and research fields. They do this by creating and providing a broad menu of financial products and services that are focused on saving for and providing income during retirement. As a non-profit, TIAA-CREF is able to offer relatively low fee products. TIAA-CREF also provides its products and services through financial consultants who do not receive commissions. TIAA-CREF also happens to be a pioneer in the annuity industry having created and offered the first variable annuity.
| TIAA-CREF Product Reviews |
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Product Review of Intelligent Variable Annuity
This product has some of the lowest investment management fees in the industry... Product Review of Intelligent Variable Annuity
I would actually give this product 3.5 rather than 4 stars.
Yes the expenses... Product Review of Intelligent Variable Annuity
I agree that the TIAA variable annuity has one of the best (best from a... |
| Products Offered |
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| General Information | |
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| Website | http://www.tiaa-cref.org |
| Type | Insurance Company |
| Founded | |
| Ownership | |
| Country | USA |
| Contact Information | |
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| Address | Charlotte, NC 28201 |
| Phone | 800 842-2252 |
| Fax | |
Information & Articles about TIAA-CREF
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I get questions periodically about low or no fee annuities. There are, in fact, annuity products (including variable annuities) that are being developed for fee only financial advisors (advisors who do not accept commissions on product sales). Some of the companies that have recently developed or are developing these low fee based products include: For more detail see the article that can be viewed by clicking here.
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Variable annuity sales in the United States increased 9.7 percent to total $34 billion during the third quarter of 2010. Variable annuity revenue figures continue to be concentrated among a handful of leading companies:
The total amount of variable annuity sales in the first 9 months of 2010 is $102.8 billion. Variable annuity assets under management total $1.41 trillion. As indicated above, the top 5 insurance companies comprise almost 55 percent of total sales. LIMRA, an industry trade group, also indicated that 89 percent of variable annuity sales are accompanied by a guaranteed living benefit rider. Source: Trading Markets
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It is reported that Federal Reserve Chairman Ben Bernanke owns two annuities. One is a variable annuity and the other is a fixed annuity. Each annuity is worth between $250,000 and $500,000. Apparently both annuities are offered by TIAA-CREF. Chairman Bernanke had access to these products while teaching at Princeton. |
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