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TIAA has reportedly decided to exit the life insurance market at the end of 2019, and an analysis shows that its new individual life insurance premiums have been falling since 2016.
Combined new individual premiums, reported as first-year and single premiums within regulatory filings, were $1.26 billion in 2018. However, only $198.4 million of that total came in TIAA's life business lines. In 2016, the company recorded $282.8 million in new...