When Did Variable Annuities Start?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   In 1952 TIAA-CREF (Teachers Insurance and Annuity Association – College Retirement Equities Fund) manufactured the first variable annuity policy, oddly enough it was for qualified plan funding. Since it's inception in the fifties, variable annuities, both qualified and non-qualified, have attracted billions of dollars from investors who seek its tax deferral feature and market access that variable annuities provide.

   Answered on August 10, 2013

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