TIAA-CREF, the financial services organization and leading provider of retirement services in the academic, research, medical and cultural fields, today announced the launch of Intelligent Life(SM) Variable Universal Life (VUL) insurance offered through TIAA-CREF Life Insurance Company.

Intelligent Life, is currently available to TIAA-CREF participants and the general public in 40 states and the District of Columbia

"The launch of Intelligent Life represents TIAA-CREF's continuing commitment to offering our customers high value and high quality insurance products," said Bret Benham, President and CEO of TIAA-CREF Life Insurance Company. "Our customers have told us that they want easy-to-understand insurance products with investment choice and Intelligent Life is designed to help meet those needs."

"TIAA-CREF is dedicated to helping people meet their retirement savings goals and we see life insurance as an integral part of a diversified portfolio and financial planning strategy that can help meet income and wealth protection needs," said Benham.

Intelligent Life offers expanded investment choice, easy-to-understand product design and enhanced ease and flexibility.

Teachers Insurance and Annuity Association (TIAA) has been issuing life insurance since 1919 and has offered its insurance products to the general public through the TIAA-CREF Life Insurance Company (TIAA-CREF Life) since 1999. Products offered include term, universal, survivorship universal, variable universal, and survivorship variable universal life insurance. TIAA- CREF Life's line of insurance products helps clients meet their need for income protection, wealth protection and accumulation, estate planning, charitable giving, supplemental retirement plans, business continuity plans and executive compensation.

TIAA, a stock life insurance company, along with its subsidiary TIAA-CREF Life Insurance Company, is one of just two insurance companies to receive the highest credit ratings from all major rating agencies. This is particularly notable given that a study of financial advisors conducted last August found that the financial rating of an insurer was the number one consideration by advisers in recommending specific insurance products to clients. According to the "Use of Insurance Products in Financial Plans" study conducted by Investment News, 53% of advisers placed the most weight on the financial health of the insurer in deciding which plans to recommend. Another major consideration was price, which is in line with TIAA-CREF's commitment to offering products with among the lowest fees in the industry.

About TIAA-CREF

TIAA-CREF Life Insurance Company is a part of the TIAA-CREF group of companies which is a national financial services organization with more than $380 billion in combined assets under management (3/31/06) and the leading provider of retirement services in the academic, research, medical and cultural fields. In 1999, TIAA-CREF Life Insurance Company began operations, making life insurance products available to a broader clientele, including the general public. Further information can be found at .

TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., distribute securities products. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please log on to for a prospectus that contains this and other information. Please read the prospectus carefully before investing.

Release link: 

Related:  Organization - Retiremen - Services - Research - Cultural