Verizon is moving its email to AOL. Don’t disregard the notification when you receive it. As per Verizon you will have 30 days to comply with the migration to AOL.
“What will happen if I decide to take no action to move my verizon.net email?”
If you do not take action to move your verizon.net email in the 30 day period after your notification, you will no longer be able to send or receive email using your verizon.net email address. In addition, you will lose access to your current contacts, calendar(s) and email. After 90 days of inactivity, Verizon will delete your account. Doing so helps Verizon reduce their server storage needs and electrical consumption.