![]() They were offered only to church pastors in Pennsylvania.ġ812: The first time annuities were offered to the public by the Pennsylvania Company for the Granting of Annuities.ġ905: Andrew Carnegie founded the Teachers Pension Fund, which in 1918 became the Teacher’s Insurance Annuity Association (now known as TIAA-CREF).ġ952: TIAA-CREF introduced the first variable annuity. Below are some key historical dates that you might find interesting, with the full chronological list shown in this week’s MarketWatch article.ġ759: This is when annuities came to America. Most historians give the credit (or blame) to the Romans for introducing the world to annuities. Ironically, my weekly annuity column on WSJ/MarketWatch kind of addresses this issue. How long have annuities been around? Jimmy from FloridaĪnswer: That is a good question with a very interesting answer Jimmy. Question: It seems like annuities are all the rage. Ask Stan The Annuity Man, Member Posts, Miscellaneous Annuity Info
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