Not at all. If your Account has been active for at least 2 years and does not have a zero balance, your Account remains open. Your MIP Account will now be called a Growth and Income Fund, and this name will be reflected in your statements and receipts. Only Accounts that have been inactive for 2 years and have a zero balance will be closed.  Click here to view the requirements to open a new Account.  https://www.ttutc.com/faqs/