Teachers Insurance And Annuity Association-college Retirement Equities Fund (TIAA-CREF)
Definition of "Teachers insurance and annuity association-college retirement equities fund (TIAA-CREF)"
Life insurance company that sells life insurance and annuities to the faculty and staff of colleges and universities. Its TIAA-CREF Tax-Sheltered Annuity (TSA) uses a traditional fixed dollar annuity, the TIAA portion, and a variable dollar annuity, the CREF portion. Most participants have a split funded plan with 50% of the premium going to each, but this proportion can be changed as often as a participant desires.
Popular Insurance Terms
Combination of two basic plans: accumulating units of paid-up permanent life insurance, and decreasing units of group term life insurance. The premium paid each month consists of the (a) ...
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