Speak with a Registered Agent: 1-866-223-2121

TIAA-CREF Guarantees Fixed Annuity Holders Equal Income in 2009


By

The Insurance and Financial Advisor recently reported good news for TIAA-CREF clients with a TIAA Traditional Annuity. An executive VP from the company confirms that the guaranteed fixed annuties will provide payouts in 2009 that are equal or greater to the income recieved in 2008. 

According to TIAA, it can afford to offer steady returns in a fluctuating market because the Traditional General Account backing the annuities is extremely diversified (no more than 1% in a single investment) and has therefore suffered less from market swings.

For more information about the product mentioned in this article contact us here:

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help.