Mutual of America Fixed Annuity

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Subject Author Date Mutual of America Fixed Annuity Mark Freeland 04-13-2007  Re: Mutual of America Fixed Annuity joetaxpayer 04-13-2007  Re: Mutual of America Fixed Annuity catalpa 04-13-2007  Re: Mutual of America Fixed Annuity Cal 04-13-2007  Re: Mutual of America Fixed Annuity Mark Freeland 04-13-2007  Re: Mutual of America Fixed Annuity Cal 04-14-2007  Re: Mutual of America Fixed Annuity Mark Freeland 04-14-2007  Re: Mutual of America Fixed Annuity Mark Freeland 04-13-2007  Re: Mutual of America Fixed Annuity Mark Freeland 04-16-2007  Re: Mutual of America Fixed Annuity kastnna 04-17-2007  Re: Mutual of America Fixed Annuity Mark Freeland 04-18-2007  Re: Mutual of America Fixed Annuity kastnna 04-18-2007  Re: Mutual of America Fixed Annuity kastnna 04-18-2007  Re: Mutual of America Fixed Annuity Cal 04-13-2007  Re: Mutual of America Fixed Annuity darkness39 04-15-2007
Posted by Mark Freeland on April 13, 2007, 4:14 pm Given that I am looking for a well-paying, secure, fixed annuity (not for myself, and not subject to discussion), do people have thoughts/knowledge pro or con about Mutual of America? I'm looking at their Flexible Premium Annuity (FPA) - current yield of 5.25%; it does also offer separate accounts - not interested, not relevant. 5.25% is about as good as I can find. There are no lock in periods - rate is subject to change at any time. But there are no lock in periods - money can be transferred out at any time without penalty. Company is rated A+ by A.M. Best, AA- by S&P and AA- Fitch. That's lower than a premier company like Northwestern Mutual (A++/AAA/AAA), but only slightly below MetLife (A+/AA/AA), and virtually on a par with The Hartford and Prudential (A+/AA-/AA). An example of a company rated lower would be Mutual of Omaha (A/AA-/?) Thanks, Mark Freeland BnetOnewsX@sbcglobal.net Posted by joetaxpayer on April 13, 2007, 4:41 pm Mark Freeland wrote: > Given that I am looking for a well-paying, secure, fixed annuity (not for > myself, and not subject to discussion), do people have thoughts/knowledge > pro or con about Mutual of America? I'm looking at their Flexible Premium > Annuity (FPA) - current yield of 5.25%; it does also offer separate > accounts - not interested, not relevant. > > 5.25% is about as good as I can find. There are no lock in periods - rate > is subject to change at any time. But there are no lock in periods - money > can be transferred out at any time without penalty. Other, higher rated companies show a bit lower rate, under 5% in many cases. I believe it was stated here that no insurance company in the US has failed in the last 100(?) years, or something to that regard. JOE Posted by catalpa on April 13, 2007, 5:15 pm > > I believe it was stated here that no insurance company in the US > has failed in the last 100(?) years, or something to that regard. > JOE > Multiple insurance companies fail every year. Reliance Insurance was a large one that failed in 2001. Go to http://www.weissratings.com/company_failures.asp and see failures listed by type of insurer. Posted by Cal on April 13, 2007, 5:56 pm > >> >> I believe it was stated here that no insurance company in the US >> has failed in the last 100(?) years, or something to that regard. >> JOE >> > > Multiple insurance companies fail every year. Reliance Insurance was a > large > one that failed in 2001. Go to > http://www.weissratings.com/company_failures.asp and see failures listed > by > type of insurer. > Although the individual companies may have failed, and their STOCKHOLDERS may have suffered, there has NEVER been a Policyowner who did not receive everything that the CONTRACT promised, Cal Lester CLU Posted by Mark Freeland on April 13, 2007, 7:03 pm > > Although the individual companies may have failed, and their STOCKHOLDERS > may have suffered, there has NEVER been a Policyowner who did not receive > everything that the CONTRACT promised, > Cal Lester CLU The ELNY policy holders were contractually promised access to their money. They were given a choice - take a fraction of the money, or give up that access for years. They did not get everything that the CONTRACT provided. Mark Freeland BnetOnewsX@sbcglobal.net Similar Threads Posted TDA at Mutual of America April 3, 2008, 2:05 pm credit risk of a fixed annuity September 15, 2008, 2:21 pm Does fixed immed inc annuity make sense? April 28, 2009, 5:06 am Bank of America? November 16, 2007, 5:13 pm Build America Bonds in corporate bond funds December 10, 2009, 1:51 pm Re: Options for fixed payouts September 22, 2006, 6:46 pm Fixed Income Products June 27, 2008, 4:59 pm fixed pension - should I wait? August 20, 2010, 1:29 pm cap appreciation vs fixed income August 23, 2010, 5:25 pm Mortgage - fixed versus interest only April 10, 2007, 3:24 pm