*Loans and withdrawals may generate an income tax liability, reduce available cash value and reduce the death benefit or cause the policy to lapse.

Investors should consult with their own professional advisor regarding the potential tax, estate, and legal considers that may arise in connection with entering into a premium finance or life settlements transaction.

The number of bidders for a policy may be limited, proceeds from sales of similar policies may vary and may be subject to claims of creditors. Receipt of proceeds may impact eligibility for government benefits and entitlements. Prior to sale, the insured should consider the continued need for coverage, impact to estate plans, availability of insurance, cost of comparable coverage, tax implications. There may be high fees associated with the sale of a life settlement.

To ensure compliance with requirements imposed by the IRS under Circular 230, we inform you that any U.S. Federal tax advice contained in this communication, unless otherwise specifically stated, was not inted or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing, or recommending to another party any matters addressed herein.

Guarantees subject to the claims paying ability of the issuing insurance company.

1) Variable products are long term investments and sold by a prospectus Guarantees of annuity contracts are contingent upon the claims-paying ability of the issuing insurance company. Annuities contain mortality, expense charges, account fees, management administrative fees and charges for special features and riders. Surrender charges may apply during the contract’s early years. For more information including expenses and charges, please call the fund company for a prospectus. Please read and carefully consider the investment objectives, risks, charges and expenses before investing or sending money as these factors will affect future returns. The prospectus contains this and other information about the investment company.

2) Split dollar arrangements are subject to IRS Notice 2002-8 and Proposed Regulations that apply for purposes of federal income, employment and gift taxes.

3) Federal income tax is due on withdrawals and a 10% tax penalty may apply to withdrawals prior to age 59 ½. The sub accounts in a variable product fluctuate with market conditions and when surrendered the principal may be worth more or less than the original amount invested.

4) Variable Universal Life withdrawals can lower the cash value and decrease death benefit.

5) Loans and withdrawals may generate an income tax liability, reduce available cash value and reduce the death benefit or cause the policy to lapse. All withdrawals reduce the death benefit and may reduce the value of any optional benefits. Early withdrawals and other distributions of taxable amounts may be subject to ordinary income tax, a surrender charge, and if taken prior to age 59 ½, a 10% federal tax penalty may apply. [Withdrawals from the Fixed Account also may be subject to an MVA. See the prospectus for details.]

6) Index annuities are insurance contracts that, depending on the contract, may offer a guaranteed annual interest rate and earnings potential that is linked to participation in the growth, if any, of a stock market index. Such contracts have substantial variation in terms, costs of guarantees and features and may cap participation or returns in significant ways. Any guarantees are backed by the financial strength of the insurance company. Investors are cautioned to carefully review an index annuity for its features, costs, risk and how the variables are calculated.

7) Variable universal life insurance combines the protection and tax efficiencies of life insurance with the investment potential of a comprehensive selection of variable investment options. The insurance component provides the death benefit coverage and the variable component gives you the flexibility to potentially increase the policy's cash value.

8) An alternative investment such as Hedge funds involve a high degree of risk, often engage in leveraging and other speculative investment practices that may increase the risk of investment loss, can be highly illiquid, are not required to provide periodic pricing or valuation information to investors, may involve complex tax structures and delays in distributing important tax information, are not subject to the same regulatory requirements as mutual funds, often charge high fees which may offset any trading profits and in many cases the underlying investments are not transparent and are known only to the investment manager. . The performance of hedge funds can be volatile. An investor could lose all or a substantial amount of his or her investment. Often, hedge fund account managers have total trading authority over their funds or accounts; the use of a single advisor applying generally similar trading programs could mean lack of diversification and, consequently, higher risk. There is often no secondary market for an investor's interest in alternative investments, including hedge funds and managed futures, and none is expected to develop. There may be restrictions on transferring interests in any alternative investment. Alternative investment products, including hedge funds and managed futures, often execute a substantial portion of their trades on non-U.S. exchanges. Investing in foreign markets may entail risks that differ from those associated with investments in U.S. markets. Additionally, alternative investments, including hedge funds often entail commodity trading, which involves substantial risk of loss.

Securities offered through Registered Representatives of NFP Securities, Inc., A Broker/Dealer and Member FINRA/SIPC Investment Advisory Services offered through Investment Advisory Representatives of NFP Securities, Inc. a Federally Registered Investment Advisor Schechter Wealth Strategies is an affiliate of National Financial Partners Corp., the parent company of NFP Securities, Inc.

This site is published for residents of the United States only. Registered representatives and investment advisor representatives of NFP Securities, Inc. may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact the NFP Securities, Inc. Compliance Department at 512-697-6000

NFP Securities, Inc. does not provide tax or legal advice.