VALIC Mutual Fund Conversion
The deadline date is fast approaching
If you are interested in converting your existing annuity assets to the new mutual fund platform, the quarterly conversion deadline is fast approaching. Forms to convert your current annuity assets must be received by VALIC no later than February 12, 2016 and the change will be effective March 31, 2016. You may access the conversion form here.
Once this form is completed and returned to VALIC, your annuity assets will be automatically moved to your newly established mutual fund account and invested according to your current account allocations. If you are interested in converting your assets, there will be a brief quiet period to process the conversion. The quiet period will begin on approximately March 11, 2016 and end approximately April 8, 2016.
During this "quiet period" VALIC Online and VALIC by Phone, the toll-free interactive service, will not be available for transactions. Also, any rollovers, loan or withdrawal requests will not be processed during this time. On April 8, 2016 at 11:59 p.m. ET, all capabilities, including VALIC Online and VALIC by Phone will be activated and available for transactions.
It is always important for you to review and consider the appropriateness of your current investments. You may make changes to your account before or after the quiet period begins or make a request for other transactions, such as loans or withdrawals. To make a change to your account or for assistance with the conversion form, contact your VALIC financial advisor, Kevin McNair.