Features & Benefits

Consider the many features & benefits of Mutual of America's FPA!

Mutual of America’s Flexible Premium Annuity (FPA) is a tax-deferred, variable annuity contract designed to help you build savings for retirement.

  • An Interest Accumulation Account that credits higher interest rates for higher balances.
  • A diverse choice of Separate Account investment funds. The performance of the Separate Account investment funds is not guaranteed, and any assets allocated to them may decrease or increase in value.
  • Interest and any investment earnings accumulate on a tax-deferred basis until withdrawn. Withdrawals of the tax-deferred interest and 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 charges and no sales commissions. 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.
  • No IRS contribution limits.
  • Contribute from any source, including proceeds from a sale or an inheritance, or other savings that you want to set aside for your long-term financial needs.
  • Make automatic contributions or schedule a one-time contribution through Mutual of America’s Automatic Contributions program.
  • 24-hour access to your account information via mutualofamerica.com, our mobile website or toll-free at 1-866-954-4321.
  • Choose from flexible monthly retirement income options, including one that is guaranteed for life.*
Learn more about Automatic Contributions.

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

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 or brochure 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.

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 a variable annuity 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. Form FPA-2002 or applicable state variation.

Individual Product