Important Information Regarding the Mutual of America VIP Money Market Portfolio
Historically low interest rates continue to adversely impact the performance of all money market portfolios. As a result, the fees and expenses related to the Mutual of America Investment Corporation VIP Money Market Portfolio, as detailed in the most recent prospectus, together with Separate Account charges, may exceed the Fund's overall returns, resulting in negative net returns and the loss of principal over time. You should review the Separate Account charges applicable to your investments in the Separate Account to determine whether your investment in the Money Market Fund is providing a negative net return.
If you are not satisfied with your returns on your investment in the Money Market Portfolio, you may wish to consider Mutual of America's Interest Accumulation Account, to which we credit a fixed rate of interest (which may change at our discretion) that cannot go below the minimum guaranteed credited interest rate in effect during each calendar year. Amounts allocated to the Interest Accumulation Account, and credited interest, are not reduced by expenses and are guaranteed by Mutual of America (subject to our financial strength and claims-paying ability). Any decision regarding your investment in the Mutual of America Money Market Fund should be made based on your individual circumstances and needs.
For information regarding the Mutual of America Money Market Portfolio, you may contact your local Mutual of America Regional Office, or call 1-800-468-3785 Monday through Friday from 9:00 a.m. until 9:00 p.m. ET.
You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.
Money Market Fund Investors: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
Mutual of America's group and individual retirement products that are variable annuity contracts are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract's other features before making a decision.