When Were Variable Annuities Introduced?

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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

   Variable annuities first manufactured by the Teachers Insurance and Annuities Association-College Retirement Equity Fund (TIAA-CREF) in 1952. Interestingly enough, the first variable annuities were qualified annuities were built for qualified retirement plans or more specifically to fund pensions. Today variable annuities have evolved as a non qualified product as well. 

   Answered on August 2, 2013

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