· A life insurance policy can always be clearly explained so that any consumer can understand what he or she is really buying.

· Life insurance is used for two main purposes, income replacement or paying estate taxes. Other uses include insuring against the untimely death of a key employee, or funding a business buy-out agreement. But in the vast majority of cases, the fundamental reason for purchasing life insurance will be to replace the income of a deceased breadwinner for a family, or to most economically pay for estate taxes. If there is no need for life insurance, then a life insurance policy should not be bought.

· Life insurance is rarely a good investment vehicle for retirement or other accumulation goals. While it is true that life insurance has some excellent and unique tax advantages, the cost of insurance is still a cost that detracts from its investment performance. If the client does not need the life insurance coverage, then a life insurance contract is usually not a good place to invest. If the client does need life insurance coverage, then a cash value type policy can be a good place to invest and receive the needed coverage.

· Disability is far more likely to occur than death and it often has even more serious financial repercussions. Good long term disability coverage is essential for working individuals.

· Long term care costs can wipe out the accumulation of a lifetime. How to manage this risk is part of the planning process. Long term care insurance can be a valuable asset protection strategy and should be considered on a case by case basis.

· Property and casualty insurance, including homeowners and auto insurance, should be reviewed regularly. It is not uncommon to discover situations where a client is either under- or over-insured.

· Personal umbrella liability insurance is inexpensive and provides necessary protection in our litigious society. It is frequently overlooked.

NFP Securities, Inc. does not provide legal or tax advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax and legal counsel.