All your goals are worth protecting

Investment and Insurance Products:

u NOT FDIC Insured u NO Bank Guarantee u MAY Lose Value

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Turn asking “What if?” into anticipating “What’s next?”

You’re working toward some very important goals, and it is critical to protect them should something unexpected happen tomorrow or years from now. This process begins by asking the hard questions. What if I didn’t wake up tomorrow? What if I became seriously ill or disabled and unable to work? Or, what if I became chronically ill for an extended period of time and needed assistance with long-term care?

While such possibilities may be difficult to imagine, unexpected things can and do happen. Protection planning can help you reach and safeguard the financial goals you’ve made for yourself and those who depend on you.

Protection planning starts with having a candid conversation with your financial advisor to help ensure your long-term plan addresses life’s expected and unexpected events.

Let’s answer the hard questions together.

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Why insurance?

Your portfolio should be designed to help you reach your specific and unique goals. However, investments are not the only tool that impacts your financial success. Insurance is specifically designed to address the catastrophic financial impact that death, disability, or an extended care need can have. It also has unique tax benefits that can help you to minimize or eliminate the impact of taxes in retirement and as part of your legacy.

• Life happens. Help protect your goals from the unexpected.

• Cover a different kind of risk. Protection to address catastrophic events that go beyond conventional risks, such as market volatility.

• Tax advantages. Help protect against lost income or assets due to income or estate taxes.

Your financial advisor can talk with you about your goals and your options for protecting them. Together, we can create and implement a comprehensive, personalized strategy to help you reach and protect your goals.

Protection planning starts with having a candid conversation with your financial advisor to help ensure your long-term plan addresses life’s expected and unexpected events.

Insurance Annuity

401(k)

Estate Plan

Social Security

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Helping create a secure foundation

Your financial advisor can help discuss ways to help protect the four key areas of your financial life:

• Family

• Business

• Retirement

• Legacy

Through these conversations, you and your financial advisor can determine how insurance can help secure the most critical components of your plan. Your family Whether you are the sole financial provider for your family or are part of a two-income household, your ability to earn income is fundamental to helping achieve your family’s goals. Also, even though a stay-at-home parent may not receive a paycheck, protecting the value they provide is equally important. Life and disability insurance products are specifically designed to help protect your loved ones from the loss of income due to a death or disability. By using insurance, you may:

• Help ensure your family members can maintain their lifestyle.

• Provide resources for education costs and a spouse’s or partner’s retirement.

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Business

Let’s talk business. From your partners to employees, a lot of people depend on you and how you run your business. Whether you want to sell or pass on your business when you retire, or you want to help protect your company in case of death or disability of an owner or key employee, there are protection strategies to help you. By using life insurance, you may:

• Have the liquidity to purchase shares of your business in the event of death or disability of another owner.

• Offset expenses or losses due to the death or disability of a key employee.

• Attract and retain key employees.

Retirement

When you are saving toward retirement, taxes matter. The unique tax advantages of life insurance can help create a supplemental source of tax-free income in retirement while helping protect your goals along the way. If you are nearing retirement or perhaps already retired, consider how the cost of becoming chronically ill for an extended period of time and needing assistance with long-term care can be devastating to the best laid retirement plans. Insurance can help protect your family and portfolio should you ever need care. By using insurance, you may:

• Create a tax-advantaged source of income to supplement other income.

• Protect your assets from the significant costs of long-term care.

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Your legacy

Your legacy is a reflection of your values, and insurance can help you control how your wealth will be transferred to the people, causes, and organizations important to you. Not all assets are equal. It’s important to carefully plan how your wealth can be transferred in the most tax efficient manner. By helping secure your legacy with insurance, you may:

• Maximize the funding of your legacy goals.

• Minimize the impact of taxes on transferred wealth.

• Provide resources for the next generation.

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Planning starts with a conversation

We know it’s not easy to talk about death or disability, but such possibilities do exist and their financial impact can be devastating. Your financial advisor can help you reach and safeguard the financial goals you’ve made for yourself and those who depend on you. Together, you’ll create a plan to help protect what is most important to you and have confidence that it can withstand the unexpected. Your financial advisor can:

• Offer a comprehensive selection of products from highly-rated insurance companies.

• Tailor protection strategies to complement your long-term plan.

• Monitor and reassess your protection needs when your goals change. You should talk with your financial advisor any time there are changes

in your life.

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All your goals are worth protecting.

Talk with your financial advisor to get started.

Let’s start a conversation today.

Death benefits generally are not subject to income taxes but may be subject to income taxes in certain cases. Policy owners should consult with legal counsel prior to assigning the ownership rights in life insurance policies. Insurance policy values or death benefits are includable in the gross estate of the decedent if the decedent owned or was deemed to have owned certain "incidents of ownership" in the policy. Death benefit protection is based on the claims-paying ability of the issuing life insur-ance company.

Distributions from life insurance policies prior to the death of the insured may be subject to income taxation depending on the type of distribution, the life insurance policy duration at the time of distribution, and effective tax law at that time. These distributions may also reduce policy cash values and death benefits. Life insurance policy loans are not taxable for a non-MEC policy provided that it remains in force until the death(s) of the insured(s).

Withdrawals, policy loans and other distributions from an MEC policy are subject to other rules and are generally taxable as "income first." If prior to the death(s) of the insured(s) the policy (MEC or non-MEC) is surrendered or lapses with an outstanding policy loan balance, the policy owner will be subject to income taxes to the extent the cash surrender

Guarantees are based on the claims paying ability of the issuing insurance company.

Wells Fargo Advisors is not a legal or tax advisor. You should consult with your attorney, accountant, and/or estate planner before taking any action.

Insurance products are offered through non-bank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. © 2015-2020 Wells Fargo Clearing Services, LLC. All rights reserved. CAR-0320-03994 IHA-6715309

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