Flexible Premium Annuity

Total Return Performance Data

Flexible Premium Annuity Separate Account No. 2

Equity Funds

Mutual of America VIP Equity Index Portfolio 01/24/2020 -2.15% 10.70% 27.38% N/A N/A 21.76%
Mutual of America VIP All America Portfolio 01/24/2020 -2.31% 9.15% 25.98% N/A N/A 20.57%
Mutual of America VIP Small Cap Value Portfolio 01/24/2020 0.86% 8.71% 30.66% N/A N/A 13.08%
Mutual of America VIP Small Cap Growth Portfolio 01/24/2020 -8.18% 2.29% 9.26% N/A N/A 23.91%
Mutual of America VIP Small Cap Equity Index Portfolio 01/24/2020 -0.97% 5.38% 25.42% N/A N/A 18.36%
Mutual of America VIP Mid Cap Value Portfolio 01/24/2020 0.64% 10.29% 32.69% N/A N/A 17.06%
Mutual of America VIP Mid-Cap Equity Index Portfolio 01/24/2020 -2.08% 7.69% 23.42% N/A N/A 18.16%
Mutual of America VIP International Portfolio 01/24/2020 2.77% 2.84% 9.52% N/A N/A 8.80%
American Century Investments® VP Capital Appreciation Fund 2 01/03/1989 -11.38% 3.47% 10.55% 28.29% 19.21% 14.78%
American Funds Insurance Series® New World Fund® 08/05/2013 -2.70% -0.05% 4.20% 18.32% 12.48% 7.01%
Delaware VIP® Small Cap Value Series 07/01/2019 2.86% 9.45% 33.19% N/A N/A 14.64%
DWS Capital Growth VIP 01/03/1989 -7.00% 8.38% 21.66% 31.57% 22.68% 17.99%
Fidelity® VIP Mid Cap Portfolio 2 07/01/2005 -2.29% 8.18% 24.58% 21.38% 12.68% 12.21%
Fidelity® VIP Equity-Income Portfolio 2 05/01/1995 1.00% 7.56% 23.88% 18.34% 11.03% 11.46%
Fidelity® VIP Contrafund® Portfolio 2 05/01/1995 -5.42% 10.18% 26.80% 28.93% 19.19% 15.53%
Goldman Sachs VIT Small Cap Equity Insights Fund 07/01/2019 -2.63% 4.28% 22.66% N/A N/A 14.69%
Goldman Sachs VIT US Equity Insights Fund 07/01/2019 -2.38% 9.57% 28.23% N/A N/A 21.02%
Invesco V.I. Main Street Fund® 07/01/2005 -2.49% 9.61% 26.41% 23.15% 14.58% 13.84%
MFS® VIT III Mid Cap Value Portfolio 07/02/2018 1.42% 10.05% 30.12% 20.48% N/A 13.07%
Neuberger Berman AMT Sustainable Equity Portfolio 07/01/2019 -2.11% 9.71% 22.35% N/A N/A 20.50%
T. Rowe Price Blue Chip Growth Portfolio 2 08/05/2013 -7.23% 3.94% 16.84% 26.22% 22.43% 16.99%
Vanguard VIF Diversified Value Portfolio 07/01/2005 0.88% 7.67% 29.28% 21.27% 12.48% 11.95%
Vanguard VIF International Portfolio 07/01/2005 -4.22% -2.85% -2.44% 25.58% 19.38% 12.38%
Victory RS Small Cap Growth Equity VIP Series 2 07/01/2019 -8.09% -0.65% -11.21% N/A N/A 10.13%
Investment Fund Date of Inception 1 Year to Date as of 01/14/2022 Prior 3 Months as of 12/31/2021 Average Annual Returns for Years Ended 12/31/2021 - 1 YearAverage Annual Returns for Years Ended 12/31/2021 - 3 YearsAverage Annual Returns for Years Ended 12/31/2021 - 5 YearsAverage Annual Returns for Years Ended 12/31/2021 - 10 Years*

Real Estate Fund

Vanguard VIF Real Estate Index Portfolio 08/05/2013 -5.65% 14.58% 38.93% 18.68% 10.23% 9.63%
Investment Fund Date of Inception 1 Year to Date as of 01/14/2022 Prior 3 Months as of 12/31/2021 Average Annual Returns for Years Ended 12/31/2021 - 1 YearAverage Annual Returns for Years Ended 12/31/2021 - 3 YearsAverage Annual Returns for Years Ended 12/31/2021 - 5 YearsAverage Annual Returns for Years Ended 12/31/2021 - 10 Years*

Fixed Income Funds

Mutual of America VIP Money Market Portfolio 7-day current yield as of 01/11/22 was -1.07%** 01/24/2020 -0.04% -0.31% -1.08% N/A N/A -0.85%
Mutual of America VIP Mid-Term Bond Portfolio 01/24/2020 -0.87% -1.00% -2.64% N/A N/A 0.38%
Mutual of America VIP Bond Portfolio 01/24/2020 -1.63% -0.53% -3.41% N/A N/A 0.26%
PIMCO VIT Real Return Portfolio 2 08/05/2013 -2.62% 1.98% 4.90% 7.73% 4.57% 2.61%
Vanguard VIF Total Bond Market Index Portfolio 07/02/2018 -1.75% -0.31% -2.62% 3.78% N/A 3.56%
Investment Fund Date of Inception 1 Year to Date as of 01/14/2022 Prior 3 Months as of 12/31/2021 Average Annual Returns for Years Ended 12/31/2021 - 1 YearAverage Annual Returns for Years Ended 12/31/2021 - 3 YearsAverage Annual Returns for Years Ended 12/31/2021 - 5 YearsAverage Annual Returns for Years Ended 12/31/2021 - 10 Years*

Balanced Funds

Fidelity® VIP Asset Manager Portfolio 2 05/01/1995 -2.05% 3.02% 9.02% 13.36% 9.13% 7.61%
Calvert VP SRI Balanced Portfolio 05/13/1991 -2.91% 5.63% 14.07% 17.10% 11.44% 9.33%
Investment Fund Date of Inception 1 Year to Date as of 01/14/2022 Prior 3 Months as of 12/31/2021 Average Annual Returns for Years Ended 12/31/2021 - 1 YearAverage Annual Returns for Years Ended 12/31/2021 - 3 YearsAverage Annual Returns for Years Ended 12/31/2021 - 5 YearsAverage Annual Returns for Years Ended 12/31/2021 - 10 Years*

Asset Allocation Funds

Mutual of America VIP Conservative Allocation Portfolio 01/24/2020 -1.30% 3.35% 7.29% N/A N/A 7.46%
Mutual of America VIP Moderate Allocation Portfolio 01/24/2020 -1.35% 5.52% 13.65% N/A N/A 11.75%
Mutual of America VIP Aggressive Allocation Portfolio 01/24/2020 -1.57% 6.51% 17.36% N/A N/A 14.90%
Investment Fund Date of Inception 1 Year to Date as of 01/14/2022 Prior 3 Months as of 12/31/2021 Average Annual Returns for Years Ended 12/31/2021 - 1 YearAverage Annual Returns for Years Ended 12/31/2021 - 3 YearsAverage Annual Returns for Years Ended 12/31/2021 - 5 YearsAverage Annual Returns for Years Ended 12/31/2021 - 10 Years*

Retirement Funds (Learn More)

Mutual of America VIP Retirement Income Portfolio 01/24/2020 -1.41% 2.35% 5.08% N/A N/A 5.70%
Mutual of America VIP 2015 Retirement Portfolio 01/24/2020 -1.18% 2.54% 6.39% N/A N/A 6.63%
Mutual of America VIP 2020 Retirement Portfolio 01/24/2020 -1.24% 3.29% 8.52% N/A N/A 8.36%
Mutual of America VIP 2025 Retirement Portfolio 01/24/2020 -1.33% 4.31% 11.13% N/A N/A 10.23%
Mutual of America VIP 2030 Retirement Portfolio 01/24/2020 -1.38% 5.51% 14.51% N/A N/A 12.61%
Mutual of America VIP 2035 Retirement Portfolio 01/24/2020 -1.37% 6.05% 16.48% N/A N/A 14.19%
Mutual of America VIP 2040 Retirement Portfolio 01/24/2020 -1.31% 6.72% 18.14% N/A N/A 15.36%
Mutual of America VIP 2045 Retirement Portfolio 01/24/2020 -1.32% 6.89% 18.52% N/A N/A 15.64%
Mutual of America VIP 2050 Retirement Portfolio 01/24/2020 -1.25% 6.90% 18.85% N/A N/A 15.86%
Mutual of America VIP 2055 Retirement Portfolio 01/24/2020 -1.30% 6.87% 19.11% N/A N/A 15.88%
Mutual of America VIP 2060 Retirement Portfolio 01/24/2020 -1.22% 6.94% 19.59% N/A N/A 16.04%
Investment Fund Date of Inception 1 Year to Date as of 01/14/2022 Prior 3 Months as of 12/31/2021 Average Annual Returns for Years Ended 12/31/2021 - 1 YearAverage Annual Returns for Years Ended 12/31/2021 - 3 YearsAverage Annual Returns for Years Ended 12/31/2021 - 5 YearsAverage Annual Returns for Years Ended 12/31/2021 - 10 Years*

Current Total Separate Account Annual Expenses are 0.90%. Performance between August 1, 2010 and September 30, 2016 reflects Total Separate Account Annual Expenses of 1.20%. Performance prior to August 1, 2010 reflects Total Separate Account Annual Expenses of 0.90%.

* Or since inception if the Fund has been in existence for less than 10 years. ** Please note that the current yield quotation more closely reflects the current earnings of the Money Market Fund than the total return performance data.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and unit values will fluctuate so that units, when redeemed, may be worth more or less than their original cost. Investment Fund total return performance currently may be lower or higher than the figures stated above.

The total return performance data are based on a hypothetical investment of $1,000, which is redeemed at the end of the periods shown. The total return figures reflect the reinvestment of investment income and capital gains and losses, and are net of expenses which include a contract fee, an expense risk fee, administrative charges, a distribution expense charge and Underlying Funds fees and expenses.

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. 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.

The total return figures for periods extending beyond a year are average rates of return and do not reflect the Funds' actual year-to-year results, which varied over the periods shown. Contributions or withdrawals made within a period would experience different rates of return based on the unit values on the dates of such transactions.

1 Date of Inception shown for an Investment Fund is the date the Underlying Fund became available to the Separate Account. An Underlying Fund may have begun operations at an earlier date.

2 The transfer agent and distributor for the Fidelity VIP Portfolios and the investment advisers for the PIMCO Variable Insurance Trust Real Return Portfolio, the T. Rowe Price Blue Chip Growth Portfolio, MFS® VIT Mid Cap Value Portfolio, and the Victory RS Small Cap Grown Equity VIP Series reimburse Mutual of America Life Insurance Company for certain administrative expenses or services Mutual of America provides. We pass these reimbursements on to our contract holders, and as such, the Separate Account expenses for the corresponding Separate Account Funds are reduced to the extent Mutual of America receives such reimbursements. Without such reimbursements, the performance returns of the corresponding Separate Account Funds would have been lower. Please refer to the prospectuses of these Underlying Funds for more information on such expense reimbursements.