Disclosures

Licensing & Credentials

Tom Ligare is a licensed insurance professional holding the following credentials:

• CLU^® (Chartered Life Underwriter^®) — issued by The American College of Financial Services, signifying advanced education in life insurance, estate planning, and risk management.
• CAP^® (Chartered Advisor in Philanthropy^®) — issued by The American College of Financial Services, signifying advanced education in charitable planning strategies for high-net-worth individuals and nonprofit organizations.

Tom Ligare is licensed to sell insurance products (including life insurance and annuities) in the states listed in the “State Licensing” section below.

Services Offered

NPPSS offers consulting and product placement services related to:

• Life insurance products (term, whole life, universal life, indexed universal life)
• Annuity products (fixed, indexed, and other non-variable annuity structures)
• Executive benefit plan design (457(b), 457(f), SERPs, Section 162 bonus plans, split-dollar arrangements)
• Charitable giving strategies involving life insurance and annuity products (CRT-IUL, charitable gift annuities, wealth replacement strategies)
• Estate planning strategies involving life insurance (ILITs, premium finance, estate equalization)
• Planned giving program consulting for nonprofit organizations
• Continuing education (CE) workshops and presentations for allied professionals

All product-based solutions involve insurance products placed through licensed insurance carriers. We do not sell mutual funds, stocks, bonds, ETFs, variable insurance products, or other securities.

Not Legal or Tax Advice

Nonprofit Professional Services is not a law firm, accounting firm, or tax advisory firm. Nothing on this website or in any consultation should be construed as:

• Legal advice
• Tax advice
• Accounting advice
• Investment advice (as defined under federal or state securities laws)

The information provided is educational in nature and reflects general strategies used in the insurance and philanthropic planning industry. Before implementing any strategy discussed on this website or in a consultation with NPPSS, you should consult with your own qualified legal, tax, and accounting advisors who are familiar with your specific situation.

Tax laws, regulations, and IRS interpretations change frequently. Information on this website reflects our understanding as of the date of publication and may not reflect current law. We make no commitment to update content to reflect changes in law or regulation.

Insurance Product Disclosures

General

All insurance products offered through NPPSS are subject to the terms, conditions, limitations, and exclusions of the issuing insurance carrier’s policy. Product availability, features, and pricing vary by state and by carrier.

Not FDIC Insured

Insurance products, including life insurance and annuities, are not deposits, are not insured by the FDIC or any other federal government agency, are not guaranteed by any bank, and are not a condition of any banking service.

Guarantees

All guarantees associated with insurance products are subject to the claims-paying ability of the issuing insurance company. We work with highly-rated carriers but cannot guarantee the future financial condition of any carrier.

Surrender Charges & Early Withdrawal

Many insurance and annuity products include surrender charges that apply if a policy is cancelled or funds are withdrawn during an initial period. Withdrawals from annuity products prior to age 59½ may be subject to an additional 10% federal tax penalty, in addition to ordinary income tax on the gain.

Policy Performance

Indexed universal life (IUL) and indexed annuity products credit interest based on the performance of an underlying market index, subject to caps, participation rates, floors, and other contractual limits. These products do not participate directly in the stock market and policyholders do not receive dividends. Past index performance is not indicative of future results.

Hypothetical Illustrations

Any charts, tables, case studies, or projections shown on this website, in marketing materials, or during consultations are hypothetical illustrations for educational purposes only. They are not guarantees of future performance.

Hypothetical illustrations:

• Are based on assumed rates of return, tax rates, expense structures, and other variables that may not reflect actual market conditions or a specific client’s situation
• Do not represent the performance of any specific insurance product, investment, or strategy
• Do not account for all fees, charges, expenses, or tax implications that would apply in a real-world scenario
• May use assumptions that are more favorable than what can be reasonably expected in practice

Actual results will vary based on your specific circumstances, the products selected, carrier performance, the tax laws in effect at the time, and other factors. A formal illustration specific to your situation, prepared by the issuing carrier, will be provided before any product is placed.

How We Are Compensated

NPPSS is compensated primarily through commissions paid by insurance carriers when an insurance or annuity product is placed on behalf of a client. This commission is paid by the carrier to NPPSS and does not reduce the premium paid by the client or the benefits available under the policy.

Commission structures vary by product type and carrier. In some cases, NPPSS may also receive:

• Trail commissions (ongoing compensation as long as a policy remains in force)
• Production-based bonuses or expense reimbursements from carriers
• Consulting or advisory fees for non-product work (planned giving program design, board-level consulting, CE workshop presentations)

Clients are entitled to ask about the specific compensation NPPSS will receive in connection with any product placement. We will disclose this information on request.

Insurance Carriers

NPPSS is an independent insurance agency and is not owned by, employed by, or exclusively contracted with any single insurance carrier. We place business with multiple highly-rated insurance carriers based on the suitability of each carrier’s products for our clients’ specific needs.

The selection of a carrier for any particular client is based on factors including (but not limited to):

• Carrier financial strength ratings (from A.M. Best, Moody’s, S&P, and Fitch)
• Product design and suitability for the client’s situation
• Underwriting considerations
• State availability
• Competitive pricing for the client’s profile

State Licensing

Tom Ligare is a licensed insurance producer in the following states:

California and all other states

NPPSS will only offer, solicit, or place insurance products for residents of states in which Tom Ligare holds an active insurance producer license. If you are a resident of a state not listed above, we may be unable to work with you directly, though we may be able to refer you to a licensed professional in your state.

Insurance licensing can be verified through the National Insurance Producer Registry at nipr.com/licensing-center/lookup-a-license or through your state’s Department of Insurance.

Testimonials & Endorsements

Any testimonials or endorsements appearing on this website reflect the experiences of individual clients or professionals and are not representative of the experience of all clients. Testimonials:

• Were provided by the named individuals based on their personal experience
• Were not compensated in any form in exchange for their testimonial, unless otherwise explicitly disclosed
• May not be representative of the experience of other clients
• Are not a guarantee of future performance or a specific outcome for any other client

A client’s experience depends on the specific strategies implemented, the products selected, market and economic conditions, tax law, and many other factors, and your experience may differ.

Content Accuracy

NPPSS takes reasonable care to ensure that information published on this website is accurate at the time of publication. However:

• Tax laws, IRS rules, contribution limits, and other regulatory figures change from year to year and may be updated after publication
• Insurance product features, availability, and pricing change over time
• Statistics and industry figures cited may be from third-party sources and reflect those sources’ methodology

We recommend verifying any specific figure, contribution limit, deadline, or regulatory requirement with a qualified professional or current official source before relying on it. NPPSS assumes no obligation to update content to reflect subsequent changes.

Conflicts of Interest

Because NPPSS is compensated by insurance carriers when products are placed, an inherent conflict of interest exists: we have a financial incentive to recommend solutions that involve insurance products we can place, rather than alternatives that do not involve insurance.

We mitigate this conflict by:

• Clearly disclosing that we are an insurance-only firm (not a fee-only advisor)
• Recommending consultation with your own tax, legal, and accounting professionals who are not compensated by product placement
• Being willing to explain, on request, why we are recommending a specific strategy and how we will be compensated
• Only recommending strategies we believe are genuinely suitable for a client’s situation

You are encouraged to get a second opinion from an independent professional before implementing any significant strategy.

Complaints & Regulatory Contact

If you have a concern or complaint about NPPSS, Tom Ligare, or any product placed through our firm, we encourage you to contact us directly first using the contact information below so we can work to resolve it.

You may also contact your state’s Department of Insurance, which regulates insurance professionals in your state. Contact information for state insurance regulators can be found through the National Association of Insurance Commissioners at content.naic.org/state-insurance-departments.

Contact Us

Questions about these disclosures can be directed to: