After leaving a former employer I left my Individual Retirement
Annuity at Mutual of America and have recently converted to their
Interest Accumulation Account which I assumed is similiar to a Money
Market account. With what's going on in the financial markets lately
I called to make sure my balance was protected by a government
insurance agency such as FDIC. The person I spoke with told me they
don't have insurance per se but not to worry because MA is one of the
country's largest insurance companies. Should I be concerned? Do they
have government insurance?
TIA
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