September, 25 2017

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TIAA-CREF Life Insurance Review 2017

TIAA-CREF Life Insurance Review 2017

Author
  • Price
  • Underwriting
  • Financial Strength

TIAA-CREF Life Insurance Review 2017

Pros: Financial Rating– TIAA-CREF Life Insurance Company received the highest financial rating in 2017 from A.M. Best, A++ Superior which only a select few life insurance companies have obtained in America.  Size and stability– TIAA-CREF is a fortune 100 organization that serves over 3.7 million people and has $487 billion under management.  Familiarity and convenience– While TIAA-CREF is available to everyone they do cater to employees of schools, educations, and non-profits organizations.  Many of these employees have other financial products with TIAA-CREF such as their 403 (b) plans and feel comfortable having everything in one place.

Cons: There aren’t too many cons with TIAA-CREF Life Insurance Company.

Bottom Line:  TIAA-CREF Life Insurance Company (TIAA-CREF Life) is a wholly owned subsidiary of Teachers Insurance and Annuity Association of America is a top tier life insurance company in 2017.  Their financial rating which equates to financial strength and ability to pay out future claims is A++ Superior.  Their prices are competitive in certain areas but higher in others.  As with all the life insurance companies we review, we recommend receiving a quote from TIAA-CREF Life but also from the other highly rated life insurance companies as well to ensure you are receiving the best policy.

About

Type: Not-for-profit

Issued by: TIAA-CREF Life Insurance Company

Founded: 1918

Website: www.tiaa-cref.org

Phone: (800) 842-2252

Address: 730 Third Avenue, New York, NY 10017

A.M Best Rating 2017: A++ (Superior) Highest of 16 possible ratings

Comdex Ranking: 99 out of 100

BBB Rating: A+

Competitors: New York Life, Northwestern Mutual, Mass Mutual, Mutual of Omaha, John Hancock, PennMutual, Principal, State Farm, Allstate, Ohio National Life, American General Life, Banner Life, Protective Life, Primerica, State Farm, USAA, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential

 

TIAA-CREF Term Life Insurance Rates 2017 Comparison

Sample monthly rates for a 500,000, 20 year term life policy for a 40 year old male at the best health class:

 

Protective Life: $28.91 month  Rating A+

Lincoln National (Lincoln Financial): $30.28  month  Rating A+

John Hancock: $30.52 month  Rating A+

American General (AIG): $30.62 month  Rating A

Banner Life: $33.25 month  Rating A+

Mutual of Omaha: $33.47 month  Rating A+

TIAA-CREF Life Insurance: $38.15 month  Rating A++

New York Life: $42.45 month  Rating A++

Guardian Life: $45.92 month  A++

Primerica Life Insurance: $45.13 month  A+

 

TIAA-CREF Life may not have the absolute lowest term life insurance prices in the entire country but they are very competitive.  When you factor their financial rating, TIAA-CREF is a company that you should receive a quote from and compare with the other top rated companies.