IPO - TIAA-CREF Life Insurance CO
Form Type: S-1
Filing Date: 2025-04-25
Corporate Action: Ipo
Type: New
Accession Number: 000119312525095722
Filing Summary: The document is a registration statement for the TIAA-CREF Investment Horizon Annuity, issued by TIAA-CREF Life Insurance Company, allowing individuals to invest in a flexible premium modified guaranteed annuity contract. This contract is designed to accumulate funds on a tax-deferred basis for retirement and other long-term purposes, offering future payment options as lifetime income. The Annuity imposes a Market Value Adjustment (MVA) for withdrawals before the end of a fixed term, which may impact the total received during surrender or withdrawal. It provides specific allocation options including Fixed Term Deposits (FTDs) and may incur fees such as premium taxes, annual maintenance fees, and surrender charges. The prospectus outlines various details concerning investment risks, income options, fees, taxation, and withdrawal policies, emphasizing the product's investment nature and regulatory compliance. Additionally, it mentions that the contract is offered continuously and emphasizes the necessity of detailed state regulatory approval before any sales activities commence.
Additional details:
Approximate Date Of Commencement Of Proposed Sale: As soon as practicable after registration statement becomes effective
Minimum Initial Premium: $5,000
Annual Maintenance Fee: $25 if Contract Accumulation less than $25,000
Surrender Charge Conditions: Applicable for surrenders or withdrawals taken from an FTD more than 30 days before the end of its term
Market Value Adjustment Applicability: Surrenders or withdrawals taken from an FTD more than 30 days before end of term; Contract Accumulation applied to Income Options more than one year prior to term maturity
Death Benefit: Amount of Contract Accumulation on first death benefit payable date
Jurisdiction Of Incorporation: New York
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