This material must be preceded or accompanied by a prospectus, which outlines specific charges and expenses associated with the product, a hypothetical illustration showing the effect on performance of various assumptions regarding the cost of insurance protection, among other important information. Individuals may also obtain a personalized illustration of historical performance, which reflects the cost of the individual’s policy insurance protection. Please review this material with a current variable annuity prospectus, product material (product brochure or illustration) and the current monthly performance for the specific product.
TOPS® ETF Portfolios assess fees and expenses that are separate and distinct from each respective underlying insurance contract or fund option.
Please read the product and fund prospectuses carefully before you invest or send money. Investors should consider the investment objectives, strategies, risk factors, charges and expenses of the underlying variable portfolios carefully before investing. The fund prospectus contains this and other information about the underlying variable portfolios.
There is the risk that you could lose money through your investment in the portfolios. Many factors affect the portfolios’ net asset value and performance. The portfolios may be subject to credit risk where issuers might not make payments on debt securities, resulting in losses. By investing in ETFs, the cost of investing in a portfolio will be higher than the cost of investing directly in the ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Foreign investing involves risks not typically associated with U.S. investments, including adverse fluctuations in foreign currency values, adverse political, social and economic developments, less liquidity, greater volatility, less developed or less efficient trading markets, political instability and differing auditing and legal standards. Foreign equity securities denominated in non-U.S. dollar currencies will subject a portfolio to currency trading risks that include market risk and country risk. It is possible to lose money by investing in securities.
The portfolio’s positions in lower-quality bonds, known as “high yield” or “junk” bonds, present greater risk than bonds of higher quality, including an increased risk of default. The portfolios’ exposure to companies primarily engaged in the natural resource markets may subject a portfolio to greater volatility than the securities market as a whole. Natural resource companies are affected by commodity price volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political and regulatory developments. Positions in small or medium capitalization company stocks may subject the portfolios to additional risk since they are subject to more abrupt or erratic market movements than those of larger, more established companies.
Investors should carefully consider the investment objectives, risks, charges and expenses of the TOPS® ETF Portfolios. This and other important information about the portfolios are contained in the prospectus, which can be obtained by calling 1-855-572-5945. The prospectus should be read carefully before investing. The TOPS® ETF Portfolios are managed by ValMark Advisers, Inc. and distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Northern Lights Distributors, LLC is not affiliated with ValMark Advisers, Inc. or Milliman, Inc.