Important Legal Disclosures

ARI Financial Group, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. Tax matters contained herein (including

any attachments) is not intended or written to be used and cannot be used in connection with the promotion, marketing, or recommendation by anyone unaffiliated with ARI Financial Group, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

This illustration is based on the current dividend scale and assumes that the currently illustrated non-guaranteed elements, including dividends, will

continue unchanged for all years shown. This is not likely to occur, and the actual results may be more or less favorable than those shown. See tabular detail for guaranteed values and other important information.

Banking products and services are offered by banks and their affiliates. Securities products and services, including but not limited to SWAP advice,

are offered by 1818 Private Client Group. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described herein may not be suitable for all clients. The discussion of insurance products, loans, and/or other extensions of credit in this material is for illustrative purposes only. No commitment to enforce insurance coverage and/or lend should be construed or implied. This material is distributed with the understanding that we are not rendering accounting, legal or tax advice. Estate planning requires legal assistance. You should consult with your independent advisors concerning such matters.

We believe the information contained in this material to be reliable but do not warrant its accuracy or completeness. Opinions, estimates, and investment strategies and views expressed in this document constitute our judgment based on current market conditions and are subject to change without notice. This material should not be regarded as research or a research report. The investment strategies and views stated here may differ from those expressed for other purposes or in other contexts by other ARI Financial Group, Inc. Strategists.

In discussion of options and other strategies, results and risks are based solely on hypothetical examples cited; actual results and risks will vary depending on specific circumstances. Clients are urged to consider carefully whether option or option-related products in general, as well as the products or strategies discussed herein are suitable to their needs.

Premium financing, swap income, and other insurance and/or investments may not be suitable for all individuals, may present significant risks, and may be sold or redeemed at more or less than the original amount invested. There are no assurances that the stated insurance objectives of any product will be met. Further, any number of conflicts of interest may exist in the context of the management and/or operation of any premium financed portfolio. The decision is yours, but you should not participate in any insurance and/or loan product unless you fully understand and are willing to assume the risks associated with it.

All rights reserved. Any copying, republication, or redistribution of the content, including by caching, framing, or similar means, is expressly prohibited without the prior written consent. ARI financial group, inc. Shall not be liable for any errors or delays in the content or for any actions taken in reliance thereon. Past performance is no guarantee of future results.