DROP Letter

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A message about your DROP account choices

Many of you will retire this year, and the status of your Deferred Retirement Option Program (DROP) account will change. You will need to make a decision about what to do with your funds. You have two options. You can take a lump-sum payment, which is to say you can elect to have all the money from your DROP account paid directly to you. Your other option is to roll your funds over to another account.

If you choose to roll your account over, deciding which provider to use is another important decision. You need to have confidence in the company you choose to provide the services and products you need. The company you choose should be financially stable and have the ability to deliver safety and security through its financial strength. Additionally, the company you choose should offer a variety of investment options to meet your retirement goals and objectives. And the financial advisors representing the company should have the knowledge and experience to help you manage your retirement assets.

When choosing what to do with your funds, VALIC can help you make a decision that matches your overall financial picture and we can help you achieve your retirement goals. We are a leading provider of savings, investments and retirement planning for Americans just like you.

VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. Each company serves a specialized purpose: VALIC Financial Advisors, Inc. provides broker-dealer services and is an SEC-registered investment adviser; VALIC Retirement Services Company is an SEC-registered transfer agent for our group mutual fund business; and The Variable Annuity Life Insurance Company underwrites and issues the annuity products and policies. As a leading retirement services provider in the United States, we serve more than 2 million investors with a comprehensive package of investment options and retirement services offered through our family of companies.

If you want a company that’s energetic, dynamic and focused on the future, please contact us for more information or to schedule an appointment with a local financial advisor. Our long-term stability, combined with our financial advisors’ practical wisdom and personal approach, can help our clients to rest easy and enjoy the best years of their lives.

You can look to us as an expert in your long-term planning decisions.

Sincerely,

Bruce Abrams, President and CEO, VALIC

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Important Notice about Purchasing an Annuity From Us

To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who purchases certain annuity products. What this means for you: When you purchase certain annuity products from us, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver's license or other identifying documents.

Securities and investment advisory services are offered by VALIC Financial Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.

VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.

This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor.