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TIAA life insurance review 2022

Though TIAA no longer sells life insurance, you can still make a claim or shop for life insurance through its partners.

finder.com's rating: 3.5 / 5

★★★★★

TIAA no longer offers life insurance policies as of 2019. However, TIAA is still servicing active policies as well as partnering with other insurance companies to recommend alternative life insurance from its partners.

Amy Stoltenberg

Last Updated Oct 29, 2021

18 to 80

Issue Age

$100,000 to $5,000,000

Coverage

Depends on policy

Medical Exam Required

Policies	Term, Permanent
Coverage maximum	$5,000,000
Term lengths	Level premiums for 10, 15, 20 or 30 years
Medical exam required	Depends on policy
Available states	All states
Issue age	Not listed

Pros

User-friendly website
Money-back guarantee
Charitable giving benefit option
Financially strong

Cons

No online quotes
No whole life insurance

Riders	No info available

Review by

Amy Stoltenberg

amy.stoltenberg@finder.com

Amy Stoltenberg is a staff writer at Finder. She manages Finder's newsletter, which is about all things personal finance, with a sparkling eye toward cryptocurrency and the exciting world of DeFi. When her laptop's closed, you can find her driving around Los Angeles, marveling at the palm trees. She studied writing at Savannah College of Art and Design and has been featured on the Zoe Report.

Expert review

TIAA’s fortitude and comprehensive financial services can make it a one-stop shop for money management.

But if you’re hoping for something more succinct or just want to see what else is out there, be sure to shop around for the best deal.

TIAA life insurance rates

The average cost of a $250,000 term policy for a healthy 30-year-old could be as low as $160 annually, according to the insurer. That’s on the cheap end of the scale compared to other companies. But your actual cost depends on which policy you choose, the amount and length of coverage, as well as your health, lifestyle and other personal factors.

How to get a quote from TIAA life insurance?

TIAA is no longer selling life insurance. If you’re interested in purchasing annuities or other investment accounts with TIAA instead, go to TIAA’s website and navigate to Invest and click See all investment products to get started.

What types of life insurance coverage does TIAA offer?

TIAA’s lineup used to include both term and permanent policies:

Annual renewable term (ART) life insurance. Ideal for covering short-term needs, this is a one-year policy that the insurer guarantees to renew for a set number of years — though the premiums will go up.
Term life insurance. This policy offers predictable premiums for a specified amount of time, and pays out a guaranteed death benefit if you die before the end of the term.
Universal life insurance. A permanent policy that builds cash value over time, and offers flexible premiums and death benefits.
Variable universal life. With this hybrid policy, your cash value is invested into multiple subaccounts — and you can also adjust the premiums and death benefit as you see fit.
Survivorship life insurance. Also known as second-to-die insurance, this policy covers two people at once and is only paid out after the second spouse passes away. It’s typically bought by wealthy sp0uses to help their heirs to pay estate taxes.

TIAA life insurance reviews and complaints

TIAA isn’t accredited with the Better Business Bureau (BBB), but it has a B- rating for its customer interaction. The BBB has recorded 34 complaints over the last three years, which is relatively low for an insurance company. Many complaints revolved around account management issues, and all were promptly resolved by TIAA.

Customers award the insurer 1 out of 5 stars.

AM Best financial rating	A++
BBB accredited	No
BBB rating	B- 1/5 out of 3 customer reviews
Trustpilot score	3.1/5 out of 2 customer reviews
Customer reviews verified as of	29 October 2021

Compare life insurance companies like TIAA

Now that this insurer is no longer actively selling policies, consider a similar life insurance company.

Name	Issue age	Minimum Coverage	Maximum Coverage	Term Lengths	Medical Exam Required
Policygenius - Life Insurance	18 - 85 years old	$50,000	$10,000,000	10, 15, 20, 25, 30 years	Depends on provider and policy	Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.	Go to site More Info	Compare	loading Fetching your data...
Ladder	20 - 60 years old	$100,000	$8,000,000	10, 15, 20, 25 or 30 years	No, for coverage up to $3M	Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.	Go to site More Info	Compare	loading Fetching your data...
Sproutt	18 - 60 years old	$50,000	$4,000,000	5, 10, 15, 20, 25 and 30 years	No	Compare 40+ insurers and apply online to get the lowest possible price — no medical exam required.	Go to site More Info	Compare	loading Fetching your data...
Everyday Life	20 - 75 years old	$100,000	$10,000,000	10, 15, 20, 25, 30, 35 and 40 years.	No	Ladder multiple life insurance policies to save on the coverage you need for all your debts.	Go to site More Info	Compare	loading Fetching your data...
Bestow	18 - 60 years old	$50,000	$1,500,000	10, 15, 20, 25, 30 years	No	Get a quote and apply.	Go to site More Info	Compare	loading Fetching your data...
Fabric	21 - 60 years old	$100,000	$5,000,000	10, 15, 20, 25 or 30 years	Depends on policy	No-exam term policies up to $1 million online, with the option to upgrade to permanent life insurance later.	Go to site More Info	Compare	loading Fetching your data...
JRC Life Insurance	18 - 85 years old	$5,000	$50,000,000	10, 15, 20, 25, 30, 35, 40 years to lifetime/age 121	May be required	Compare policies up to $10 million from 45+ top insurance companies with the click of a button.	Go to site More Info	Compare	loading Fetching your data...
Aflac	18-70	$20,000	$500,000	10, 20, 30 years	No	*This product is available through worksite payroll deduction only.	Go to site	Compare	loading Fetching your data...
Nationwide life insurance	18 - 80 years old	$25,000	$10,000,000	10, 15, 20 and 30 years	Yes	Get term, whole, universal or no-exam life insurance with up to $1 million in coverage.	Go to site More Info	Compare	loading Fetching your data...
Haven Life	20 - 64 years old	$250,000	$3,000,000	10, 15, 20, 25 or 30 years available to those aged 20 - 49 years old. 10, 15, or 20 years available to those aged 50 - 64 years old.	No exams for some applicants	Fill out a quick online application and get approval in minutes with up to $3 million in coverage.	Go to site More Info	Compare	loading Fetching your data...
Quotacy	18 - 80 years old	$50,000	$65,000,000	10, 15, 20, 30 and 40 years	Depends on provider and policy	Score the lowest rate on life insurance by comparing no obligation quotes from 14+ companies online. No contact info, no spamming.	Go to site More Info	Compare	loading Fetching your data...
Walnut	Not listed	$50,000	$1,000,000	10 years	Not required	Go to site	Compare	loading Fetching your data...
Dayforward Life Insurance	18 - 67 years old	$12,000	$500,000	from 10 to 27 years	No exams for some applicants	Dayforward allows you to protect your family with life insurance that protects your income.	Go to site More Info	Compare	loading Fetching your data...
Fidelity	20 - 85 years old	$25,000	$1,000,000	10, 20, or 30 years	Depends on policy	Purchase term, whole and accidental death coverage online without the exam, with rates starting at a low $10 a month.	Go to site More Info	Compare	loading Fetching your data...

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Life insurance ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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