Insurance solutions
Take advantage of your exclusive access to insurance.
TIAA Wealth Management clients get special access to best-in-class life, long-term care and disability insurance. Meet with your TIAA financial advisor to consider adding risk management to your financial and legacy planning.
Insurance overview
Your TIAA advisor can help you find the right coverage.
Round out your financial plan.
Your TIAA financial advisor can identify gaps that pose risks to your financial planning goals, then connect you with an insurance strategist to help you find coverage.
Easily find the best policies.
With unique access to best-in-class insurers, you won’t have to settle for a single firm’s options or spend time researching and comparing.
Protect your future.
With insurance solutions to cover life’s uncertainties, you and your family can feel secure, no matter what the future holds.
Insurance solutions
Choose from life, long-term care and disability insurance.
Take advantage of all the benefits available to TIAA Wealth Management clients, including access to insurance. Your advisor can help you navigate the process to find the insurance that's right for you.
Life insurance
Create a financial safety net.
- Protect loved ones in case of your death
- Pay for education, health expenses and eliminate debt
- Help replace lost income
Long-term care
Protect yourself from unexpected health expenses.
- Shield family from the financial, time and physical costs of care giving
- Ensure long-term care expenses don't deplete your retirement savings
- Cover home care, assisted living, adult day care, nursing homes and more
Disability insurance
Ensure you’ll always have an income stream.
- Maintain your lifestyle, even if you can't work
- Avoid spending your savings
- Get more flexibility than with government coverage
How it works
How to get insurance through TIAA.
Your TIAA financial advisor will connect you with best-in-class insurance carriers to support your needs around estate planning, leaving a legacy or income protection.
Meet with your TIAA financial advisor.
Your first step is meeting with your TIAA Wealth Management advisor.
Review your plan and discuss gaps.
Your advisor will look at your financial plan and identify where you may have gaps that could expose you to risk.
Choose insurance coverage.
Your advisor will introduce you to an insurance specialist who will provide a suite of options based on your needs and goals. You’ll decide which carriers and plans are best for you.
Apply.
After choosing your plan(s) you’ll apply, and once approved, you’ll be one step closer to the financial security you deserve.
Don’t have a TIAA Wealth Management advisor?
Get actionable advice personalized for your unique goals and circumstances. Speak to us to learn more.
What people ask us.
Do I need life insurance?
Whether to buy life insurance is a personal decision and depends on your unique situation.
A simple way to start is to consider who might be financially impacted by your death. If you have dependents or significant financial obligations, life insurance can provide financial protection for your loved ones. The type and amount of coverage you need will depend on your specific goals and circumstances. However, if you're single with no dependents and minimal debt, you may decide life insurance isn't right for you.
Here are some things to consider:
Do you have dependents? You may have children who rely on your income, a spouse who depends on your earnings and/or aging parents you support.
Do you have significant debt someone else might need to pay? Common types of debt include a mortgage, student or business loans or even credit card balances.
Would your loved ones need to cover specific expenses? These can include funeral costs, estate taxes, education expenses or business succession planning.
What other financial resources are accessible? Do you have savings and investments, employer-provided life insurance, Social Security survivors benefits or other assets that could offset costs associated with your death?
If you want more guidance, a financial advisor can help you think through whether life insurance is right for you.
Do I need life insurance in retirement?
Whether you need life insurance during retirement depends on your specific situation. Retirees often choose to keep their life insurance during retirement if there are people in their life who would be financially impacted by their death.
Here are questions people often consider when thinking about life insurance during retirement:
- Is your spouse counting on your pension or Social Security benefits? If yes, life insurance could help replace that lost income if you pass away first.
- Do you have any significant debts, like a mortgage? Your family would be responsible for these, so insurance could help protect them.
- Are you planning to leave money to children or grandchildren? Life insurance can be an efficient way to create a tax-free inheritance.
- Have you set aside money for final expenses and estate taxes? If not, insurance could help cover these costs.
- Do you have any dependents with special needs? Insurance could help fund their long-term care after you're gone.
Some retirees find they can reduce or eliminate coverage if:
- Their mortgage is paid off.
- Their children are financially independent.
- They have adequate savings for final expenses.
- Their spouse has their own retirement income.
Speak to your financial advisor to learn more about life insurance during retirement.
When to buy long-term care insurance
The decision about when to buy long-term care insurance often comes down to balancing cost versus risk, with many people purchasing long-term care insurance in their 50s or early 60s.
Here are some considerations:
Age: Premiums are typically more affordable when you're younger. And since younger people tend to have fewer health complications, you may be more likely to qualify.
Health: Your current health and family history can impact whether an insurance company will cover you.
Risk tolerance: Some people are comfortable with the risk of being uninsured, while others deeply value the peace of mind long-term care coverage can provide.
A financial advisor can help you think through when buying long-term care might be right for you.
Learning
Explore our insurance tools and resources.
Tool: How much will long-term care cost?
Assess the risk of unexpected healthcare costs during retirement including home health care, assisted living and nursing home care.
Financial strategies for the care giving squeeze
Learn how to manage caring for your aging parents while supporting your adult children. It can be done.
Myth busting: Planning and managing healthcare expenses
Learn more about your Medicare, health savings accounts (HSAs) and long-term care benefits for today and tomorrow.
Need more information?
Schedule a complimentary meeting with one of our team members or consultants, who will answer all your questions and advise on next steps.
Call 844-567-9077, or schedule a time with us.
Crump Life Insurance Services, is a leading third-party distributor and service provider of insurance and retirement products, serving insurance professionals for over 100 years. Crump supports the distribution of life, annuities, long term care, linked benefits and disability insurance. They work closely with highly rated and competitive carriers to offer the best solutions for your client. Your TIAA Advisor works closely with Insurance Strategists at Crump to bring you the best solution to fit your needs.
TIAA and the mentioned referral parties, or any of their affiliates or subsidiaries, are not affiliated with or in any way related to each other.
This material is for informational or educational purposes only and is not fiduciary investment advice, or a securities, investment strategy, or insurance product recommendation. This material does not consider an individual’s own objectives or circumstances which should be the basis of any investment decision.
Insurance products may be subject to market and other risk factors. See the applicable product literature or visit TIAA.org for details.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
Advisory services are provided by Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investment adviser. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributes securities products.