TIAA Separate Account VA-1 2010 Annual Report December 31, 2010 TIAA Separate Account VA-1 2010 Annu: Fill out & sign online

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Are TIAA and CREF separate?

TIAA was formerly also part of the College Retirement Equities Fund (CREF), which spun off as a separate entity in 2016.

How do I withdraw money from my TIAA retirement account?

If your plan allows it, you can withdraw money online. If an online withdrawal is not an option, call us at 800-842-2252. Please be sure to contact us two to three months before you must receive your withdrawal to ensure you receive funds by the required deadline.

Can a TIAA annuity be cashed out?

TIAA Traditional transfer and withdrawal options by contract. Lump sum withdrawals are available within 120 days of termination of Employment with a 2.5% surrender charge. All other transfers and withdrawals must be paid in installments over an 84-month period (not subject to a surrender charge).

How do I notify TIAA-CREF of a death?

You should designate someone to notify TIAA-CREF promptly of your death. This individual should call us at 800 842-2776. In turn, we will prepare illustrations and information for your beneficiar- ies so that ownership is transferred to them and they may take control of their share of the benefits.

What happens to my TIAA annuity after death?

However, income is reduced to two-thirds of the amount after the death of either you or your annuity partner. You will receive income as long as you live. If you die first, your annuity partners income is reduced to 75% of the original amount. Your income isnt reduced if your annuity partner dies first.

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What is the death benefit for TIAA-CREF annuity?

If you die first, your annuity partners income is reduced to 75% of the original amount. Your income isnt reduced if your annuity partner dies first. You will receive income as long as you live. Income continues for the full amount following the death of either you or your annuity partner.

What is the payout rate for TIAA lifetime income?

NEW YORK, December 19, 2023 Participants electing lifetime income from TIAA TraditionalOpens in a new window, TIAAs flagship annuity , in January 2024 will receive a historically high payout rate of 8.2%.

How is an annuity paid out upon death?

What Happens to an Annuity When You Die? Depending on the terms of the contract, annuity payments will end after the death of the annuity owner. But annuities that have a death benefit allow the owner to designate a beneficiary to receive the greater of either all the remaining money or a guaranteed minimum.

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