Can I transfer my variable annuity to another company?

Yes, it is possible to transfer a variable annuity to another company, a process often referred to as an exchange or transfer. However, there are several important factors to consider before proceeding. The internal policies of The Variable Annuity Life Insurance Company typically govern such transfers, and there may be specific requirements or restrictions that apply. For example, some contracts may impose surrender charges if you withdraw funds early. Additionally, it is essential to evaluate the investment options, fees, and features of both the current variable annuity and the one you are considering transferring to. In some cases, transferring funds could result in a loss of certain benefits associated with your current annuity, such as guaranteed income riders. To understand the specifics of your situation, including any potential tax implications or penalties, consulting the associated documentation of your annuity is advisable. You may also want to refer to the current web page of The Variable Annuity Life Insurance Company to find relevant contact information or additional resources that could help clarify your options.