How Do I Apply for an Unforeseeable Emergency Withdrawal?
When life throws you an unexpected curve, it's good to know you may have options to help you deal with financial emergencies.
An unforeseeable emergency is defined as a severe financial hardship experienced by you, your spouse or any of your plan beneficiaries. Criteria to qualify for an unforeseeable emergency could differ with your plan, so talk with your Retirement Specialist if you have questions.
Examples of an unforeseeable emergency may include:
- Medical expenses
- Funeral expenses for a spouse or dependent
- Other similar extraordinary and unforeseeable events that are beyond the control of you or your beneficiaries
How do I apply?
To apply for an emergency withdrawal, you'll need to explain the nature of the emergency and provide proof that your financial need can't be relieved through other financial means. To apply, please contact us.
Things to keep in mind
Not all circumstances qualify as unforeseeable emergencies. If you are approved, you can't request more than is reasonably needed to meet the emergency plus any additional taxes and penalties. You may also be able to withdraw money from your account if you are terminating employment. Keep in mind that withdrawing large amounts from your account may make rebuilding your retirement investments more difficult in the future.
Get the help you need
Contact us for more information or to apply for an unforeseen emergency distribution.
PDFs require Adobe® Reader®.