This content is for informational purposes only and is not fiduciary investment advice, a securities or investment strategy, or an insurance product recommendation, and does not consider an individual or plan sponsor’s own objectives or circumstances unless stated otherwise.
 
Annuities are issued by Teachers Insurance and Annuity Association of America (TIAA) (CA Certificate of Authority 3092) and College Retirement Equities Fund, New York NY.  TIAA also issues institutional guaranteed funding agreements.  Each is responsible for its own financial condition and contractual obligations.  Guarantees are subject to the claims-paying ability of the issuing entity.  See here for TIAA’s ratings for stability, claims-paying ability, and overall financial strength.  Guaranteed interest contracts are not investments for securities law purposes.
 
TIAA-CREF Individual & Institutional Services, LLC, is a registered broker-dealer and investment adviser, member FINRA / SIPC.  Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition.
 
TIAA Trust, N.A. provides investment management, custody, and trust services.
 
TIAA companies and CREF do not provide legal or tax advice.  Consult your advisors to address your specific circumstances.
 
Consider investment objectives, risks, charges and expenses before investing. Call 877-518-9161 or go to www.tiaa.org/prospectuses for current product and fund prospectuses for this and other information.  Read the prospectus carefully before investing.
 
SECURITIES AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR A CONDITION TO ANY BANKING SERVICE OR ACTIVITY • SUBJECT (IN THE CASE OF SECURITIES AND VARIABLE ANNUITY PRODUCTS) TO INVESTMENT RISKS INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED.

© 2026 and prior years. Teachers Insurance and Annuity Association of America & College Retirement Equities Fund.