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TIAA Exits The Life Insurance Business

FYI: TIAA, one of the largest U.S. life insurers, is exiting the life insurance business, ceasing the manufacture and distribution of its products by the end of the year.

The firm's annuity business will continue and be unaffected by the change, according to a memo Tuesday signed by Dennis Rupp, TIAA's director of insurance wholesaling, and obtained by InvestmentNews.
Regards,
Ted
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