[This rating is assigned to companies that have, on balance, superior balance
sheet strength, operating performance and business profile when compared to the
standards established by A.M. Best Company. These companies have a very strong
ability to meet their ongoing obligations to policyholders.]
"...reflects the company's leading market position in the small-to-medium
size not-for-profit annuity and pension sector, the benefits derived from its
non-commissioned field force, its sound capitalization and solid operating
performance... The company continues to expand its presence in the for-profit
sector, serving small to medium-sized companies."
Standard & Poor's(as of November 2004)
AA-(Very Strong)
[This rating is assigned to life insurance companies that have very strong
financial security characteristics, differing only slightly from those rated
extremely strong.]
"...reflects the Company's very strong and stable competitive position within
its target niche markets, conservative financial management, and extremely strong
capitalization... Mutual of America's overall financial strength lends itself to
long-term stability at the current ratings level."
Fitch(as of July 2004)
AA-(Very Strong)
[This rating is assigned to life insurance companies that have very
high claims-paying ability.]
"...continues to reflect Mutual of America's strong market position
in the small-to-medium size case, not-for-profit pension and annuity market;
a low-cost distribution system; good asset quality; strong capital position;
and well regarded service capabilities."
While the ratings do not apply to the safety or investment performance
of the Separate Account Investment Funds, they do reflect upon Mutual of
America's ability to fulfill its General Account and annuity purchase
rate guarantees.
