TIAA Separate Account VA-3 has made significant updates to its prospectus, which could influence its offerings in the variable annuity market. The changes, effective November 2, 2026, include the addition of new investment options and a new pricing level aimed at enhancing the contract's appeal to clients.

The updates are particularly relevant for clients holding TIAA Access individual and group variable annuity contracts. The introduction of the Cohen & Steers Institutional Realty Shares and the Vanguard International Core Stock Fund as underlying investment options aims to provide clients with more diverse investment opportunities. Additionally, a new pricing level, Level P, has been introduced for plans with total assets under administration of $5 billion or more, offering lower contract expenses.

Background

TIAA Separate Account VA-3 is an investment entity incorporated in New York, primarily involved in offering variable annuity contracts. The company is part of the Teachers Insurance and Annuity Association of America (TIAA). The recent filing, dated November 2, 2026, is part of a series of updates that include various forms submitted to the SEC, including the 485BPOS and 497 forms.

What the Filing Says

The filing states, "Effective November 2, 2026, the Cohen & Steers Institutional Realty Shares and Vanguard International Core Stock Fund are being added as underlying investment options." Additionally, it notes, "A new pricing level, Level P, is being added to the Contract, which has the lowest level of Contract expenses." This reflects TIAA's commitment to adapting its offerings to meet the needs of its clients.

Impact

The updates may significantly affect current and prospective contract owners, particularly those with substantial assets under administration. By introducing a new pricing level and additional investment options, TIAA aims to attract larger plans and improve client satisfaction. The changes may also prompt competitors in the variable annuity market to reassess their own offerings and pricing structures to remain competitive.

What's Next

The filing does not say what happens next, but it indicates that TIAA will continue to evaluate and adjust its offerings in response to market conditions and client needs.