Management of Not-for-Profit and Community Service Organizations: An Interview with William J. Flynn, Chairman of the Board, Mutual of America Life Insurance Company

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Mutual of America has specialized in providing pension and retirement-related products, programs, and services since 1945. It offers variable accumulation annuities, variable universal life insurance, and group life and disability insurance, as some of its products. Headquartered in New York City, with 1,200 employees and managing more than $10 billion in assets, Mutual of America has 36 regional field offices throughout the United States, which are staffed by both salaried consultants and service representatives. It is one of the financially strongest life insurance companies in the United States.

A.M. Best has given Mutual of America its Superior rating (A+),which it assigns to companies that have achieved excellent overall performance when compared to the norms in the life insurance industry. This rating "...reflects the company's prominent market position as a provider of retirement products in the not-for-profit pension sector, along with its sound capitalization, favorable operating performance and excellent balance sheet quality." Standard & Poor's gives the company an Excellent (AA+) rating, assigned to life insurance companies that offer excellent financial security and capacity to meet policyholder obligations. This rating "...reflects the company's solid position within the pension market for not-for-profit organizations, excellent capitalization, good financial performance, and sound investment portfolio." "And Fitch (formerly Duff & Phelps) gives it a Very High (AA) rating, assigned to life insurance companies that have very high claims-paying ability. Their analysis commends "...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; well-regarded service capabilities; and strong capital position. "Ward …