Mutual of America
Encyclopedia
Mutual of America Life Insurance Company, also referred to as Mutual of America, is a Fortune 1000
mutual company based in New York, New York. Founded in 1945, it is ranked on the Forbes 500
list as the tenth-largest insurance company in the United States.
Mutual of America specializes in providing pension
and retirement-related products, programs and services. This company also offers such products as variable universal life insurance
, and group life and disability insurance
. This company provides products and services for employee benefit plans of nonprofit organizations and corporations and their employees, life insurance and retirement products to individuals and mutual funds to institutional investors. Furthermore, this company distributes its products and provides support to its customers through salaried consultants located at its head office and in 36 regional field offices located across the continental United States and in Alaska and Hawaii.
Fortune 1000
Fortune 1000 is a reference to a list maintained by the American business magazine Fortune. The list is of the 1000 largest American companies, ranked on revenues alone...
mutual company based in New York, New York. Founded in 1945, it is ranked on the Forbes 500
Forbes 500
The Forbes 500 was an annual listing of the top 500 American companies produced by Forbes Magazine. The list was calculated by combining five factors: sales, profits, assets, market value, and employees...
list as the tenth-largest insurance company in the United States.
Mutual of America specializes in providing pension
Pension
In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.The terms retirement...
and retirement-related products, programs and services. This company also offers such products as variable universal life insurance
Variable universal life insurance
Variable Universal Life Insurance is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to use is entirely up to the contract owner...
, and group life and disability insurance
Disability insurance
Disability Insurance, often called DI or disability income insurance, is a form of insurance that insures the beneficiary's earned income against the risk that a disability will make working uncomfortable , painful , or impossible...
. This company provides products and services for employee benefit plans of nonprofit organizations and corporations and their employees, life insurance and retirement products to individuals and mutual funds to institutional investors. Furthermore, this company distributes its products and provides support to its customers through salaried consultants located at its head office and in 36 regional field offices located across the continental United States and in Alaska and Hawaii.