Insurance Company

Moody's Investor Services indicated that it will maintain its highest (AAA) rating for the Teacher's Insurance and Annuity Association of America (TIAA) and its subsidiary TIAA-CREF Life Insurance Company. "TIAA has substantial capitalization and flexibility to maintain its financial strength in what is a very difficult economic environment," Moody’s Senior Credit Officer Arthur Fliegelman said in a statement. "However, the company has not been immune to environmental stresses, having...

It is a fact that people are living longer with each passing year. Longevity risk or the risk of outliving one's assets must be a fundamental consideration with any financial plan. Annuities can provide an effective hedge against longevity risk, and a longevity annuity can be especially useful in providing guaranteed lifetime income . Some facts and figures from the Prudential Insurance Company: Today, once an individual has reached age 65, he can expect to live, on average, 19 years or more...

One in three baby boomers is expected to live into their nineties. Longevity risk or the possibility of outliving one's assets is something that should be considered by all near and current retirees. Longevity insurance or a longevity annuity is one of the most efficient ways to hedge longevity risk. Relatively large amounts of guaranteed income later in life can provide peace-of-mind and financial flexibility earlier in retirement. "Because the insurance company has held your money for a long...