Common use of Description of Terms Clause in Contracts

Description of Terms. 1 Annual income includes income from sources such as employment, alimony, social security, investment income, etc. 2 Net worth is the value of your assets minus your liabilities. For purposes of this application, assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets. For liabilities, include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage. 3 Liquid net worth is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them. 4 Annual expenses might include mortgage payments, rent, long-term debts, utilities, alimony or child support payments, etc. 5 Special expenses might include a home purchase, remodeling a home, a car purchase, education, medical expenses, etc.  $50,000 and under  $50,001-100,000  $100,001-250,000  $250,001-500,000  Over $500,000  $50,000 and under  $50,001-100,000  $100,001-250,000  Over $250,000 The investments in this account will be: Timeframe for Special Expenses (Check one)  Less than 1/3 of my financial portfolio Special Expense: _  Roughly1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio  Within 2 years  3-5 years  6-10 years  11 years or more Investment Time Horizon - When is the earliest that you expect to need funds from this account?  Under 3 years  3-5 years  6-10 years  11-20 years  Over 20 years  Unknown I plan to use this account for the following (Check all that apply) What is your source of funds for this account (Check all that apply)  Generate income for current or future expenses  Income from Earnings  Partially fund my retirement  Investments/ Transfer from Brokerage Account  Wholly fund my retirement  Gift  Steadily accumulate wealth over the long term  Sale of Business or Real Estate  Preserve wealth and pass it on to my heirs  Inheritance  Pay for educational expenses  Pension/ IRA/ Retirement Savings  Market speculation  Spouse/ Parent/ Relative  Other: Legal/ Insurance Settlement  Lottery/Gaming Other: Other Investment Information (Optional) - Please consider providing us with additional information about your other investments to help us more fully understand your financial situation and the types of investments or strategies that may be appropriate for your total investment portfolio. (Use additional pages if needed) Investment Type/Description Firm Holding Your Investment Amount of Investment $ $ $

Description of Terms. 1 Annual income includes income from sources such as employment, alimony, social security, investment income, etc. 2 Net worth is the value of your assets minus your liabilities. For purposes of this application, assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets. For liabilities, include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage.  $50,000 and under  $50,000 and under  $50,001-100,000  $50,001-100,000  $100,001-250,000  $100,001-250,000  $250,001-500,000  Over $250,000  Over $500,000 For Office Use Only: Acct.# Office: Reg. Rep: Name for Filing: The investments in this account will be: (Check one) Timeframe for Special Expenses 3 Liquid net worth is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them.  Less than 1/3 of my financial portfolio Special Expense:  Roughly 1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio  Within 2 years  3-5 years  6-10 years  11 years or more 4 Annual expenses might include mortgage payments, rent, long-term debts, utilities, alimony or child support payments, etc. 5 Special expenses might include a home purchase, remodeling a home, a car purchase, education, medical expenses, etc.  $50,000 and under  $50,001-100,000  $100,001-250,000  $250,001-500,000  Over $500,000  $50,000 and under  $50,001-100,000  $100,001-250,000  Over $250,000 The investments in this account will be: Timeframe for Special Expenses (Check one)  Less than 1/3 of my financial portfolio Special Expense: _  Roughly1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio  Within 2 years  3-5 years  6-10 years  11 years or more Investment Time Horizon - When is the earliest that you expect to need funds from this account?  Under 3 years  3-5 years  6-10 years  11-20 years  Over 20 years  Unknown I plan to use this account for the following (Check all that apply) What is your source of funds for this account (Check all that apply)  Generate income for current or future expenses  Income from Earnings  Partially fund my retirement  Investments/ Transfer from Brokerage Account  Wholly fund my retirement  Gift  Steadily accumulate wealth over the long term  Sale of Business or Real Estate  Preserve wealth and pass it on to my heirs  Inheritance  Pay for educational expenses  Market speculation  Other:  Income from Earnings  Investments/ Transfer from Brokerage Account  Gift  Sale of Business or Real Estate  Inheritance  Pension/ IRA/ Retirement Savings  Market speculation  Spouse/ Parent/ Relative  Other: Legal/ Legal/ Insurance Settlement  Lottery/Gaming Other Other: Other Investment Information (Optional) - Please consider providing us with additional information about your other investments to help us more fully understand your financial situation and the types of investments or strategies that may be appropriate for your total investment portfolio. (Use additional pages if needed) Investment Type/Description Firm Holding Your Investment Amount of Investment $ $ $

Description of Terms. 1 Annual income includes income from sources such as employment, alimony, social security, investment income, etc. 2 Net worth is the value of your assets minus your liabilities. For purposes of this application, assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets. For liabilities, include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage. 3 Liquid net worth is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them. 4 Annual expenses might include mortgage payments, rent, long-term debts, utilities, alimony or child support payments, etc. 5 Special expenses might include a home purchase, remodeling a home, a car purchase, education, medical expenses, etc.  $50,000 and under  $50,000 and under  $50,001-100,000  $100,001-250,000  $250,001-500,000  Over $500,000  $50,000 and under  $50,001-100,000  $100,001-250,000  Over $250,000 The investments in this account will be: Timeframe for Special Expenses (Check one)  Less than 1/3 of my financial portfolio Special Expense: _  Roughly1/3 Roughly1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio Special Expense: _  Within 2 years  3-5 years  6-10 years  11 years or more Investment Time Horizon - When is the earliest that you expect to need funds from this account?  Under 3 years  3-5 years  6-10 years  11-20 years  Over 20 years  Unknown I plan to use this account for the following (Check all that apply) What is your source of funds for this account (Check all that apply)  Generate income for current or future expenses  Income from Earnings  Partially fund my retirement  Investments/ Transfer from Brokerage Account  Wholly fund my retirement  Gift  Steadily accumulate wealth over the long term  Sale of Business or Real Estate  Preserve wealth and pass it on to my heirs  Inheritance  Pay for educational expenses  Market speculation  Other:  Income from Earnings  Investments/ Transfer from Brokerage Account  Gift  Sale of Business or Real Estate  Inheritance  Pension/ IRA/ Retirement Savings  Market speculation  Spouse/ Parent/ Relative  Other: Legal/ Legal/ Insurance Settlement  Lottery/Gaming Other: Other Investment Information (Optional) - Please consider providing us with additional information about your other investments to help us more fully understand your financial situation and the types of investments or strategies that may be appropriate for your total investment portfolio. (Use additional pages if needed) Investment Type/Description Firm Holding Your Investment Amount of Investment $ $ $

Description of Terms. 1 Annual income includes income from sources such as employment, alimony, social security, investment income, etc. 2 Net worth is the value of your assets minus your liabilities. For purposes of this application, assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets. For liabilities, include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage.  $50,000 and under  $50,000 and under  $50,001-100,000  $50,001-100,000  $100,001-250,000  $100,001-250,000  $250,001-500,000  Over $250,000  Over $500,000 For Office Use Only: Acct.# Office: Reg. Rep: Name for Filing: The investments in this account will be: (Check one) Timeframe for Special Expenses 3 Liquid net worth is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them.  Less than 1/3 of my financial portfolio Special Expense:  Roughly 1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio  Within 2 years  3-5 years  6-10 years  11 years or more 4 Annual expenses might include mortgage payments, rent, long-term debts, utilities, alimony or child support payments, etc. 5 Special expenses might include a home purchase, remodeling a home, a car purchase, education, medical expenses, etc.  $50,000 and under  $50,001-100,000  $100,001-250,000  $250,001-500,000  Over $500,000  $50,000 and under  $50,001-100,000  $100,001-250,000  Over $250,000 The investments in this account will be: Timeframe for Special Expenses (Check one)  Less than 1/3 of my financial portfolio Special Expense: _  Roughly1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio  Within 2 years  3-5 years  6-10 years  11 years or more Investment Time Horizon - When is the earliest that you expect to need funds from this account?  Under 3 years  3-5 years  6-10 years  11-20 years  Over 20 years  Unknown I plan to use this account for the following (Check all that apply) What is your source of funds for this account (Check all that apply)  Generate income for current or future expenses  Income from Earnings  Partially fund my retirement  Investments/ Transfer from Brokerage Account  Wholly fund my retirement  Gift  Steadily accumulate wealth over the long term  Sale of Business or Real Estate  Preserve wealth and pass it on to my heirs  Inheritance  Pay for educational expenses  Market speculation  Other:  Income from Earnings  Investments/ Transfer from Brokerage Account  Gift  Sale of Business or Real Estate  Inheritance  Pension/ IRA/ XXX/ Retirement Savings  Market speculation  Spouse/ Parent/ Relative  Other: Legal/ Legal/ Insurance Settlement  Lottery/Gaming Other Other: Other Investment Information (Optional) - Please consider providing us with additional information about your other investments to help us more fully understand your financial situation and the types of investments or strategies that may be appropriate for your total investment portfolio. (Use additional pages if needed) Investment Type/Description Firm Holding Your Investment Amount of Investment $ $ $

Description of Terms. 1 Annual income includes income from sources such as employment, alimony, social security, investment income, etc. 2 Net worth is the value of your assets minus your liabilities. For purposes of this application, assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets. For liabilities, include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage.  $50,000 and under  $50,001-100,000  $100,001-250,000  $250,001-500,000  Over $500,000  $50,000 and under  $50,001-100,000  $100,001-250,000  Over $250,000 For Office Use Only: Acct.# Office: Reg. Rep: Name for Filing: The investments in this account will be: (Check one) Timeframe for Special Expenses 3 Liquid net worth is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them. 4 Annual expenses might include mortgage payments, rent, long-term debts, utilities, alimony or child support payments, etc. 5 Special expenses might include a home purchase, remodeling a home, a car purchase, education, medical expenses, etc.  $50,000 and under  $50,001-100,000  $100,001-250,000  $250,001-500,000  Over $500,000  $50,000 and under  $50,001-100,000  $100,001-250,000  Over $250,000 The investments in this account will be: Timeframe for Special Expenses (Check one)  Less than 1/3 of my financial portfolio Special Expense: _  Roughly1/3 Roughly 1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio Special Expense: _  Within 2 years  3-5 years  6-10 years  11 years or more Investment Time Horizon - When is the earliest that you expect to need funds from this account?  Under 3 years  3-5 years  6-10 years  11-20 years  Over 20 years  Unknown I plan to use this account for the following (Check all that apply) What is your source of funds for this account (Check all that apply)  Generate income for current or future expenses  Income from Earnings  Partially fund my retirement  Investments/ Transfer from Brokerage Account  Wholly fund my retirement  Gift  Steadily accumulate wealth over the long term  Sale of Business or Real Estate  Preserve wealth and pass it on to my heirs  Inheritance  Pay for educational expenses  Market speculation  Other:  Income from Earnings  Investments/ Transfer from Brokerage Account  Gift  Sale of Business or Real Estate  Inheritance  Pension/ IRA/ XXX/ Retirement Savings  Market speculation  Spouse/ Parent/ Relative  Other: Legal/ Legal/ Insurance Settlement  Lottery/Gaming Other: Other Investment Information (Optional) - Please consider providing us with additional information about your other investments to help us more fully understand your financial situation and the types of investments or strategies that may be appropriate for your total investment portfolio. (Use additional pages if needed) Investment Type/Description Firm Holding Your Investment Amount of Investment $ $ $

Description of Terms. 1 Annual income includes income from sources such as employment, alimony, social security, investment income, etc. 2 Net worth is the value of your assets minus your liabilities. For purposes of this application, assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets. For liabilities, include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage.  $50,000 and under  $50,000 and under  $50,001-100,000  $50,001-100,000  $100,001-250,000  $100,001-250,000  $250,001-500,000  Over $250,000  Over $500,000 For Office Use Only: Acct.# Office: Financial Professional: Name for Filing: The investments in this account will be: (Check one) Timeframe for Special Expenses 3 Liquid net worth is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them.  Less than 1/3 of my financial portfolio Special Expense:  Roughly 1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio  Within 2 years  3-5 years  6-10 years  11 years or more 4 Annual expenses might include mortgage payments, rent, long-term debts, utilities, alimony or child support payments, etc. 5 Special expenses might include a home purchase, remodeling a home, a car purchase, education, medical expenses, etc.  $50,000 and under  $50,001-100,000  $100,001-250,000  $250,001-500,000  Over $500,000  $50,000 and under  $50,001-100,000  $100,001-250,000  Over $250,000 The investments in this account will be: Timeframe for Special Expenses (Check one)  Less than 1/3 of my financial portfolio Special Expense: _  Roughly1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio  Within 2 years  3-5 years  6-10 years  11 years or more Investment Time Horizon - When is the earliest that you expect to need funds from this account?  Under 3 years  3-5 years  6-10 years  11-20 years  Over 20 years  Unknown I plan to use this account for the following (Check all that apply) What is your source of funds for this account (Check all that apply)  Generate income for current or future expenses  Income from Earnings  Partially fund my retirement  Investments/ Transfer from Brokerage Account  Wholly fund my retirement  Gift  Steadily accumulate wealth over the long term  Sale of Business or Real Estate  Preserve wealth and pass it on to my heirs  Inheritance  Pay for educational expenses  Pension/ IRA/ Retirement Savings  Market speculation  Spouse/ Parent/ Relative  Other: Legal/  Legal/ Insurance Settlement  Lottery/Gaming Other Other: Other Investment Information (Optional) - Please consider providing us with additional information about your other investments to help us more fully understand your financial situation and the types of investments or strategies that may be appropriate for your total investment portfolio. (Use additional pages if needed) Investment Type/Description Firm Holding Your Investment Amount of Investment Investment‌ $ $ $

Description of Terms. 1 Annual income includes income from sources such as employment, alimony, social security, investment income, etc. 2 Net worth is the value of your assets minus your liabilities. For purposes of this application, assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets. For liabilities, include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage. 3 Liquid net worth is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them. 4 Annual expenses might include mortgage payments, rent, long-term debts, utilities, alimony or child support payments, etc. 5 Special expenses might include a home h ome purchase, remodeling a home, a car purchase, education, medical expenses, etc.  $50,000 and under  $50,001-100,000  $100,001-250,000  $250,001-500,000  Over $500,000  $50,000 and under  $50,001-100,000  $100,001-250,000  Over $250,000 The investments in this account will be: Timeframe for Special Expenses (Check one)  Less than 1/3 of my financial portfolio Special Expense: _  Roughly1/3 Roughly1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio Special Expense: _  Within 2 years  3-5 years  6-10 years  11 years or more Investment Time Horizon - When is the earliest that you expect to need funds from this account?  Under 3 years  3-5 years  6-10 years  11-20 years  Over 20 years  Unknown For Office Use Only: Acct.# Office: Reg. Rep: Name for Filing: I plan to use this account for the following (Check all that apply) What is your source of funds for this account (Check all that apply)  Generate income for current or future expenses  Income from Earnings  Partially fund my retirement  Investments/ Transfer from Brokerage Account  Wholly fund my retirement  Gift  Steadily accumulate wealth over the long term  Sale of Business or Real Estate  Preserve wealth and pass it on to my heirs  Inheritance  Pay for educational expenses  Market speculation  Other:  Income from Earnings  Investments/ Transfer from Brokerage Account  Gift  Sale of Business or Real Estate  Inheritance  Pension/ IRA/ Retirement Savings  Market speculation  Spouse/ Parent/ Relative  Other: Legal/ Legal/ Insurance Settlement  Lottery/Gaming Other: Other Investment Information (Optional) - Please consider providing us with additional information about your other investments to help us more fully understand your financial situation and the types of investments or strategies that may be appropriate for your total investment portfolio. (Use additional pages if needed) Investment Type/Description Firm Holding Your Investment Amount of Investment $ $ $$ 6. Beneficiary Designation Name and Address Birth Date Social Security #* Relationship Beneficiary Type* Share %* Primary  Contingent _% Primary Contingent _%  Primary  Contingent _%  Primary  Contingent _% *Note: Beneficiaries must have a social security number. In the event of your death, the Primary Beneficiaries will receive the proceeds of your IRA in equal shares or in the specified Share %, if indicated. If no Primary Beneficiary survives you, the Contingent Beneficiaries will receive the proceeds of your IRA in equal shares or in the specified Share %, if indicated. If the Beneficiary Type box is not checked for a beneficiary, the beneficiary will be deemed to be a Primary Beneficiary. If no beneficiary is listed, the balance in the account shall be paid to your estate. The total % of all Primary Beneficiaries must equal 100%; the total % of all Contingent Beneficiaries, if designated should also equal 100%. If you elect to have a predeceased Primary Beneficiary’s proceeds distributed to contingent beneficiaries equally or in the specified Share %, if indicated, instead of equally divided among surviving Primary Beneficiaries, check here.  If you check this option, you must provide the name and social security number of the contingent beneficiary.