Life Insurance

TIAA Life Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at QuoteYeti.com, and editor at BusinessPundit.com 2 minute read

TIAA Life Insurance will cease offering new insurance policies on January 1, 2019. Despite the unfavorable news, the TIAA continues to promote current plans and works with other businesses to make recommendations for more life insurance coverage. To learn more about TIAA Life Insurance, read our in-depth review.

TIAA life insurance rates

TIAA Life Insurance Review - TIAA Life Insurance Logo

If you’re 30 years old and in good health, an insurance firm predicts that you may pay as little as $160 per year for a $250,000 term insurance policy. Other firms indicate that this is at the lower end of the price spectrum. Health insurance premiums are determined by a range of criteria, including the quantity and duration of coverage, your medical history, and your way of life.

How to get a quote from TIAA life insurance?

TIAA no longer offers members life insurance plans. Visit Invest and make your selection. To begin your search for a TIAA annuity or other form of investment account, view all investing possibilities.

What types of life insurance coverage does TIAA offer?

TIAA historically offered temporary and long-term insurance products, including the following:

  • Annual renewable term insurance (ART) is a form of life insurance that automatically renews each year.
  • The term “term life insurance” refers to insurance policies that offer coverage for a certain amount of time following the purchase of the policy. This type of insurance gives a death benefit if the policyholder dies before the policy’s term finishes, as well as fixed premiums for a specified length of time.
  • Every individual has the option of purchasing life insurance. It is a long-term insurance policy that accrues cash value and provides a death benefit to the policyholder in addition to changing premiums.
  • The duration of the cosmos is uncertain. Due to the flexibility of the premiums and death benefits given by this hybrid insurance policy, you may invest your cash value in a range of various sub accounts.
  • Insurance coverage for anyone left behind in the event of your death. Second-to-die insurance, which covers two individuals concurrently but pays benefits only if the second spouse dies, is occasionally referred to as second-spouse insurance due to the fact that it covers two people concurrently. It is frequently acquired by rich couples to alleviate the tax burden inflicted on their children and grandchildren.

TIAA life insurance reviews and complaints

TIAA has a B- rating for customer service, despite the fact that the firm is not accredited by the Better Business Bureau. The Better Business Bureau received 34 complaints against insurance companies in the preceding three years, which is a negligible number. TIAA rapidly corrected many account administration issues. Customers gave the insurance a low rating, which upset the firm. While AM Best rated it an A + + financial rating, Moody’s assigned it an A financial grade.

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