Our FPA Offers Competitve Interest Rates, Tax Advantages
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Mutual of America's Flexible Premium Annuity (FPA), a variable annuity contract, is an attractive alternative for individuals seeking higher yields and tax advantages for their retirement and other long-term savings needs.

  • An Interest Accumulation Account that pays higher interest rates for higher balances and guarantees your principal and previously credited interest.

This guarantee is subject to Mutual of America's financial strength and claims-paying ability.

Total FPA
Account Balance1

Current Effective Annual Yield for Amounts Allocated to the Interest Accumulation Account
$250,000 or more 1.65%
$100,000 but less than $250,000 1.35%
Less than $100,000 1.00%
Interest Accumulation Account rate is guaranteed
never to go lower than 1.00%2
  • Your interest and any investment earnings accumulate on a tax-deferred basis until withdrawn.
  • Withdrawals of the tax-deferred interest and any investment earnings are subject to income tax at your ordinary income tax rate at the time of withdrawal, and if made prior to age 59½, a 10% federal tax penalty.

  • No withdrawal or surrender fees and no sales commissions.3

There is a contract fee (unless you elect to receive documents electronically), and investments in the Separate Account investment funds are subject to Separate Account charges and underlying funds investment management fees and expenses.

  • You can contribute from any source, such as savings or proceeds from a sale or inheritance, with no limits on your contributions.

  • A diverse choice of well-known investment fund families and styles in the Separate Account, including target-date Retirement Funds.4

MOA Fund Chart

The performance of the Separate Account investment funds is not guaranteed, and any assets allocated to them may decrease or increase in value.

Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the contract and the underlying investment funds. This and other information is contained in the contract prospectus and underlying funds prospectuses and summary prospectuses. Please read the prospectuses and summary prospectuses carefully before investing. The prospectuses and summary prospectuses can be obtained by mail or by calling 1-866-939-7655.

Mutual of America's FPA is an individual variable annuity contract and is suitable for long-term investing, particularly for retirement savings. The value of your contract will fluctuate depending on the performance of the Separate Account investment funds you choose. Upon redemption, you could receive more or less than the principal amount invested.

1Total FPA account balance for FPA contracts is determined by aggregating all amounts in the Interest Accumulation Account and in the Separate Account investment funds under each FPA contract separately. FPA contracts are not aggregated with other FPA or IRA contracts owned by the same person. Interest rate applies only to balances allocated to the Interest Accumulation Account.

2We guarantee that we will credit interest for the life of the contract to amounts in the Interest Accumulation Account of our General Account at a rate at least equal to the greater of (1) any contractual minimum guarantee provided by the contract or (2) the minimum rate required by applicable state law or, if no state law minimum rate is applicable to a contract, the guaranteed minimum credited interest rate will be set pursuant to National Association of Insurance Commissioners (NAIC) standard nonforfeiture law. The NAIC minimum rate is determined in accordance with a formula, and cannot be less than 1.00% or more than 3.00% in any event. We determine whether the application of the formula will change the minimum guaranteed rate each November, and any change is effective the following January 1 for that calendar year. The current minimum rate has been set at 1.00% in accordance with this formula. In addition, Mutual of America may credit interest to your contract amounts in the General Account at a higher rate that we declare from time to time and which may increase or decrease at our sole discretion, although we are not obligated to credit interest in excess of the minimum guaranteed rate. If you have an existing contract, you should refer to it before making a decision because it may have a guaranteed minimum rate in excess of the formula described above and the advertised declared rate. We compound interest daily on your contract amounts in the General Account to produce an effective annual yield that is equal to the stated interest rate.

3Withdrawals of the tax-deferred interest and any investment earnings are subject to income tax at your ordinary income tax rate at the time of withdrawal, and if made prior to age 59½, a 10% federal tax penalty.

4The target date set forth in each Retirement Fund's name is the approximate date that the fund expects investors to retire and begin withdrawing their account balance. The value of a Retirement Fund is not guaranteed at any time, including at and after the target date. There is no guarantee that a Retirement Fund will correctly predict market or economic conditions, and as with other mutual fund investments, you could lose money. In addition to a retirement date, individuals should consider their risk tolerance, time horizon, personal circumstances and complete financial situation before investing.


Form FPA-2002 or applicable state variation
HFPA1017B


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