Privacy Policy, Terms of Service & Disclosures

Privacy Policy

Last Updated: April 2026

This Privacy Policy describes how Game Change Financial (“the Firm,” “we,” “us,” or “our”) collects, uses, discloses, and protects nonpublic personal information (“NPI”) about consumers who inquire about or obtain insurance products or services from us. This notice is provided in accordance with the Gramm-Leach-Bliley Act (“GLBA”), 15 U.S.C. §§ 6801–6809, as implemented for insurance through NAIC Model Regulation #672 (Privacy of Consumer Financial and Health Information), and the Oregon Insurance Information and Privacy Protection Act, ORS 746.600–746.690, implemented through OAR 836, Division 080. This policy applies to all current, former, and prospective clients who provide personal information to Game Change Financial through any means, including our website at gamechangefinancial.com.

Game Change Financial is a licensed insurance agency located at 5 Centerpointe Drive, Suite 400, Lake Oswego, OR 97035. Mark Weisman is the owner and a licensed insurance producer. Our principal lines of authority include life insurance, annuities, and related lines. We are not a registered investment adviser, broker-dealer, or securities firm.

Information We Collect

The only nonpublic personal information we collect directly from consumers is information voluntarily submitted through the contact form on our website. This information is limited to your name, email address, and phone number. We do not use cookies, analytics software, tracking pixels, or email marketing platforms on our website. We do not collect information about your browsing behavior, device characteristics, or location through automated means.

In the course of providing insurance services, we may also collect additional NPI necessary to evaluate your insurance needs and submit applications on your behalf. This information may include, but is not limited to, your date of birth, Social Security number, financial information (such as income, assets, and net worth), employment information, health information (for life insurance underwriting), and beneficiary designations. This information is collected directly from you during consultations, through insurance application forms, or from insurance carriers in connection with your policies.

How We Use Your Information

We use the information we collect for the following purposes: to respond to your inquiries submitted through our website contact form; to evaluate your insurance needs and recommend appropriate products; to submit applications to insurance carriers on your behalf; to service, administer, and maintain your insurance policies; to comply with legal and regulatory obligations; and to communicate with you about your policies, transactions, and account.

Disclosure of Information to Third Parties

We may disclose your NPI to the following categories of third parties, solely for the purposes described below. All such disclosures fall within the exemptions provided under GLBA and its implementing regulations, meaning they are permitted without requiring you to opt out.

We disclose NPI to insurance companies and their affiliates for the purposes of underwriting, issuing, administering, and servicing insurance policies you have applied for or purchased. We may also disclose NPI to third-party service providers who perform functions on our behalf, such as premium financing companies that facilitate the financing of insurance premiums, but only to the extent necessary for them to perform those functions. We may disclose NPI to your other professional advisors — including your CPA, attorney, or investment advisor — when you have authorized us to coordinate with those professionals on your behalf. Finally, we may disclose NPI as required by law, regulation, subpoena, court order, or regulatory request.

We do not sell your NPI to any third party for any purpose. We do not share your NPI with non-affiliated third parties for their own marketing purposes.

FAST Act Annual Notice Exception

Because we do not share NPI with non-affiliated third parties except as permitted under the exemptions described above, and because our privacy practices have not changed since the last time we provided a privacy notice (or this is our initial privacy notice to you), we are not required to provide an annual privacy notice under the FAST Act, 15 U.S.C. § 6803(f), and its implementing regulation at 12 CFR § 1016.5(e). This notice serves as our initial disclosure of our privacy practices.

Data Security

We maintain reasonable administrative, technical, and physical safeguards designed to protect the confidentiality, integrity, and security of your NPI. These safeguards include secure storage of physical records, password-protected electronic systems, and limiting access to NPI to those individuals who need it to perform their job functions. We regularly review and update our security practices as appropriate.

Data Breach Notification

In the event of a breach of security involving your unencrypted personal information, we will notify you in accordance with the Oregon Consumer Information Protection Act, ORS 646A.604. Notification will be provided no later than 45 days after we discover or are notified of the breach. If a breach affects 250 or more Oregon consumers, we will also notify the Oregon Attorney General as required by ORS 646A.604. As a GLBA-compliant entity, Game Change Financial may qualify for certain safe harbor provisions under ORS 646A.604(9)(c) to the extent that it maintains a comprehensive information security program that satisfies the GLBA’s security requirements.

Your Rights Under Oregon Law

Under the Oregon Insurance Information and Privacy Protection Act, you have the following rights with respect to NPI we maintain about you.

You have the right to access your personal information. Under ORS 746.640, you may request access to the personal information we maintain about you in our records. To exercise this right, submit a written request to us at the address or email listed below. We will respond to your request within 30 business days by providing you with the specific pieces of personal information we have recorded about you, or by informing you of the nature and substance of that information in a reasonably understandable form. We will also identify the persons or entities to whom we have disclosed your information within the preceding two years (or the period since our last disclosure notification, if shorter), provided that we are able to determine this from our records.

You have the right to request correction or deletion. Under ORS 746.645, if you believe that any personal information we maintain about you is inaccurate, you may submit a written request for correction, amendment, or deletion. We will investigate your request within 30 business days. If we agree that the information is inaccurate, we will correct, amend, or delete the information and notify you of the correction. If we determine that the information is accurate or that we cannot verify the claimed inaccuracy, we will notify you of our decision and inform you of your right to file a statement of disagreement.

Applicability of the Oregon Consumer Privacy Act (OCPA)

The Oregon Consumer Privacy Act, ORS 646A.570–646A.589, does not apply to Game Change Financial. As a licensed insurance producer under Oregon law, Game Change Financial is entity-level exempt from the OCPA under ORS 646A.572(2)(o), which excludes insurance producers as defined in ORS 731.104 from the Act’s requirements.

Applicability of the California Consumer Privacy Act (CCPA/CPRA)

The California Consumer Privacy Act, as amended by the California Privacy Rights Act (collectively, “CCPA/CPRA”), does not apply to Game Change Financial. The Firm does not meet the revenue or data volume thresholds required for CCPA applicability. Additionally, NPI collected in connection with providing insurance products and services is subject to the GLBA data-level exemption under California Civil Code § 1798.145(e) and is therefore excluded from the CCPA’s requirements.

Terms of Service

Last Updated: April 2026

These Terms of Service (“Terms”) govern your access to and use of the website located at gamechangefinancial.com (the “Website”) and describe the nature and limitations of the services offered by Game Change Financial (“the Firm,” “we,” “us,” or “our”). By accessing or using this Website, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree with these Terms, you should not access or use this Website. These Terms apply to all visitors, users, and others who access the Website.

Game Change Financial is a licensed insurance agency owned by Mark Weisman, located at 5 Centerpointe Drive, Suite 400, Lake Oswego, OR 97035. Our business is limited to insurance products and services, including life insurance, annuities, and related insurance strategies. The following disclaimers and limitations are material terms of your use of this Website and your engagement with our Firm.

Not a Registered Investment Adviser

Game Change Financial is not a registered investment adviser under the Investment Advisers Act of 1940 or under the Oregon Uniform Securities Act (ORS Chapter 59) or the securities laws of any other state. We do not provide investment advisory services. We do not manage investment portfolios, provide advice regarding the purchase or sale of securities, or make recommendations regarding the allocation of assets in securities accounts. The insurance products and strategies discussed on this Website are insurance products regulated under state insurance law and are not securities, investment products, or investment advisory services. Nothing on this Website should be construed as investment advice. If you require investment advisory services, you should consult a properly licensed and registered investment adviser.

Not a Broker-Dealer

Game Change Financial is not registered as a broker-dealer with the U.S. Securities and Exchange Commission (“SEC”) or with the Financial Industry Regulatory Authority (“FINRA”). Mark Weisman and any other representatives associated with the Firm are not registered representatives of any broker-dealer. We do not offer, sell, or solicit the purchase or sale of any securities, including but not limited to stocks, bonds, mutual funds, exchange-traded funds, variable annuities, or variable life insurance. The fixed indexed annuities and life insurance products discussed on this Website are insurance products, not securities. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 989J (the “Harkin Amendment”), fixed indexed annuities that satisfy applicable state nonforfeiture laws and are sold in compliance with the NAIC Suitability in Annuity Transactions Model Regulation (or its successor, NAIC Model #275) are treated as exempt from federal securities registration requirements and are regulated exclusively under state insurance law. These products are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (“FDIC”) or any other federal government agency.

No Tax Advice

Game Change Financial is not a certified public accountant (“CPA”), enrolled agent, or tax return preparer. We do not provide tax advice, tax planning, or tax preparation services. Any references on this Website to tax treatment, tax advantages, tax deferral, income tax consequences, or related tax matters are general and educational in nature only. They are based on our understanding of current federal income tax law and are subject to change based on legislative, judicial, or administrative action. Tax consequences vary depending on your individual circumstances, and no representation is made that any particular tax outcome will be achieved. You should consult a qualified tax advisor for advice specific to your situation before making any decisions that may have tax implications.

No Legal Advice

Game Change Financial is not a law firm and does not practice law. Mark Weisman is not an attorney. We do not provide legal advice, draft legal documents, or render legal opinions. While we may coordinate with your attorney in connection with business succession planning, estate planning, or other matters, such coordination does not create an attorney-client relationship between you and the Firm, nor does it constitute the practice of law. Each attorney you engage is independently responsible for the legal advice they provide. You should consult a qualified attorney for legal advice tailored to your specific circumstances.

Educational Content Disclaimer

All content on this Website, including but not limited to articles, blog posts, videos, illustrations, case studies, and hypothetical examples, is provided for general educational and informational purposes only. This content does not constitute a recommendation, solicitation, or offer to purchase any specific insurance product. It is not a substitute for individualized professional advice from a licensed insurance producer, registered investment adviser, CPA, or attorney. The information presented may not reflect the most current legal, regulatory, or product developments. You should not act or refrain from acting based solely on information found on this Website without first seeking personalized advice from an appropriately licensed or credentialed professional.

Third-Party Coordination Disclaimer

Game Change Financial may, with your consent, coordinate with your existing CPA, attorney, investment advisor, or other professional advisors in connection with the insurance strategies and products we offer. This coordination is a service we provide to help ensure that your insurance planning is integrated with your broader financial and legal plan. However, the Firm does not supervise, direct, or control the advice or services provided by any third-party professional. Each such professional is independently responsible for the advice they render and the services they provide. Game Change Financial does not guarantee, warrant, or assume liability for the accuracy, completeness, or suitability of any advice provided by a third-party professional, even when that professional was introduced or recommended by the Firm.

State Availability

The insurance products and services described on this Website may not be available in all states. Game Change Financial and its producers are authorized to transact insurance only in states where they are currently licensed. Product availability, features, benefits, and terms may vary by state due to differences in state insurance law and regulation. If you reside in a state where we are not licensed, we are unable to offer, solicit, or sell insurance products to you. Please contact us to confirm whether we are licensed in your state before requesting a consultation or product recommendation.

Intellectual Property

All content on this Website, including text, graphics, logos, images, audio, video, software, and the overall design and arrangement of the Website, is the property of Game Change Financial or its content licensors and is protected by United States copyright, trademark, and other intellectual property laws. You may not reproduce, distribute, modify, create derivative works from, publicly display, publicly perform, republish, download, store, or transmit any content from this Website without the prior written consent of Game Change Financial, except that you may print or download one copy of a reasonable number of pages for your own personal, non-commercial use, provided that you do not modify the content and that you retain all copyright and proprietary notices.

Limitation of Liability

To the fullest extent permitted by Oregon law, Game Change Financial, its owner, employees, agents, and affiliates shall not be liable to you for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, use, goodwill, or other intangible losses, arising out of or in connection with your use of or inability to use this Website or any content, products, or services obtained through this Website, whether based on warranty, contract, tort (including negligence), or any other legal theory, and whether or not the Firm has been informed of the possibility of such damages. The Firm’s total aggregate liability for any and all claims arising out of or relating to this Website or these Terms shall not exceed one hundred dollars ($100.00).

Nothing in this section shall be construed to limit or exclude liability for damages arising from the Firm’s own gross negligence, willful misconduct, or fraud. This carve-out is provided in accordance with Oregon law, including the principles set forth in Bagley v. Mt. Bachelor, Inc., 356 Or. 543, 340 P.3d 27 (2014), which require that limitation of liability provisions be conspicuous, clearly communicated, and not immunize a party against liability for conduct beyond ordinary negligence.

Governing Law and Venue

These Terms shall be governed by and construed in accordance with the laws of the State of Oregon, without regard to its conflict of laws principles, and in accordance with ORS 15.300–15.380. Any dispute, claim, or controversy arising out of or relating to these Terms or the use of this Website shall be brought exclusively in the Circuit Court for Clackamas County, Oregon, or the United States District Court for the District of Oregon. You consent to the personal jurisdiction and venue of these courts and waive any objection to the convenience of such forums. These Terms do not contain a mandatory pre-dispute arbitration clause. Consistent with Oregon public policy, as expressed in Oregon DFR Bulletin No. DFR 2020-1 and the Oregon Supreme Court’s decision in Molodyh v. Truck Insurance Exchange, 304 Or. 290, 744 P.2d 992 (1987), the Firm does not require consumers to submit disputes to binding arbitration as a condition of doing business.

Use of Professional Titles

Throughout this Website, Mark Weisman and any associated representatives of Game Change Financial are referred to as “insurance producers” or “insurance professionals.” These designations accurately reflect their licensing status under applicable state insurance law. The Firm’s representatives are not “financial advisors,” “financial planners,” “investment advisors,” or “wealth managers” within the meaning of any federal or state securities law or financial planning credential, nor are they held out as such. This usage is consistent with the NAIC Advertisements of Life Insurance and Annuities Model Regulation (Model #570), Section 4(N), which restricts the use of titles that could mislead consumers about the nature of the products or services being offered.

Modifications to These Terms

Game Change Financial reserves the right to modify, amend, or update these Terms at any time and in its sole discretion. Any changes will be effective immediately upon posting the revised Terms on this Website with a new “Last Updated” date. Your continued use of the Website following the posting of revised Terms constitutes your acceptance of the changes. We encourage you to review these Terms periodically. If you do not agree to the revised Terms, you should discontinue your use of the Website.

Severability

If any provision of these Terms is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it valid, legal, and enforceable, or if it cannot be so modified, it shall be severed from these Terms. The invalidity, illegality, or unenforceability of any single provision shall not affect the validity, legality, or enforceability of the remaining provisions, which shall continue in full force and effect.

Disclosures

Last Updated: April 2026

This Disclosures page provides important regulatory, compensation, and product disclosures required by federal and Oregon state law. Game Change Financial is committed to transparency and to providing consumers with the information they need to make informed decisions about insurance products and services. These disclosures apply to all current, former, and prospective clients of Game Change Financial. Please read them carefully and contact us if you have questions.

1. Insurance Licensing Disclosure

Game Change Financial is a licensed insurance agency authorized to transact insurance in the State of Oregon and in additional states as described below. Mark Weisman is a licensed insurance producer. His Oregon insurance producer license number is [INSERT OREGON PRODUCER LICENSE NUMBER], and his National Producer Number (NPN) is [INSERT NPN]. The Firm’s principal lines of authority include life insurance, annuities, and related insurance lines.

Game Change Financial is currently licensed to transact insurance in Oregon and the following additional states: [INSERT LICENSED STATES].

The Firm is regulated by the Oregon Division of Financial Regulation, a division of the Oregon Department of Consumer and Business Services.

2. Not a Registered Investment Adviser

Game Change Financial is a licensed insurance agency that offers insurance products exclusively. The Firm is not registered as an investment adviser under the Investment Advisers Act of 1940, the Oregon Uniform Securities Act (ORS Chapter 59), or the securities laws of any other state. The Firm does not provide investment advisory services, does not manage investment portfolios, and does not recommend securities or securities-based strategies. Insurance products, including life insurance policies and fixed indexed annuities, are not securities and are not subject to the requirements of federal or state securities law applicable to investment advisers. If you need investment advice, you should consult a registered investment adviser who is appropriately licensed or registered to provide such services in your state of residence.

3. Not a Broker-Dealer

Game Change Financial is not registered as a broker-dealer with the SEC or FINRA. The Firm’s representatives are not registered representatives of any broker-dealer. The Firm does not offer, sell, or solicit the purchase or sale of securities of any kind. The fixed indexed annuities and indexed universal life (“IUL”) insurance policies offered through the Firm are insurance products that are regulated under state insurance law. Under Dodd-Frank Act Section 989J, fixed indexed annuities that satisfy applicable state nonforfeiture laws and are sold in compliance with the NAIC Model #275 best interest standard (or its predecessor suitability standard) are treated as exempt from SEC registration requirements and are subject to state insurance regulation rather than federal securities regulation. These products are distinct from variable annuities and variable life insurance, which do contain securities components and are subject to SEC and FINRA regulation.

4. Compensation Disclosure

Game Change Financial and its producers are compensated through commissions paid by insurance companies in connection with the sale of insurance products. In accordance with OAR 836-071-0260, we disclose the following information about our compensation practices.

When you purchase an insurance product through Game Change Financial, the insurance company that issues the policy pays us a commission. The amount of the commission varies depending on the insurance company, the specific product, the premium amount, and the terms of the producer’s appointment agreement with the carrier. In addition to base commissions, we may receive bonus payments, production overrides, and non-cash compensation from insurance companies. Non-cash compensation may include attendance at conferences, educational events, or training seminars. The compensation we receive does not increase the cost of the insurance product to you; it is built into the premium structure of the product as set by the insurance company and approved by the applicable state insurance department.

You have the right to ask us about the specific compensation we will receive in connection with any insurance transaction before you complete the purchase. We will provide this information to you upon request. Per OAR 836-071-0272, the service fee provisions applicable to certain insurance transactions do not apply to life insurance transactions.

5. Annuity Best Interest Standard

Effective January 1, 2024, Oregon adopted the NAIC Model #275 best interest standard for annuity recommendations, pursuant to SB 536 (2023), implemented through OAR 836-080-0170 through 836-080-0193. Game Change Financial is subject to this standard when making annuity recommendations to consumers.

Under the best interest standard, when we recommend that you purchase, exchange, or replace an annuity, we are required to act in your best interest at the time the recommendation is made, without placing our financial interest or the financial interest of the insurance company ahead of your interest. The best interest standard includes four core obligations.

The care obligation requires us to exercise reasonable diligence, care, and skill in making a recommendation. We must know the insurance products we recommend, have a reasonable basis for each recommendation, and consider reasonably available alternatives. The disclosure obligation requires us to provide you with a completed NAIC Model #275 Appendix A disclosure form (“Insurance Agent (Producer) Disclosure for Annuities”) before or at the time we make a recommendation. This form discloses our relationship with the insurance company, the scope of our appointment, and information about our compensation. The conflict of interest obligation requires us to identify and avoid or reasonably manage and disclose material conflicts of interest. The documentation obligation requires us to make a written record of any recommendation and the basis for that recommendation.

You have the right to request information about the compensation we will receive and any material conflicts of interest associated with a recommended annuity transaction. We will provide this information to you upon request. A completed disclosure form will be provided to you before any annuity recommendation is made.

6. Guarantees Disclaimer

When we use the word “guaranteed” in connection with insurance products, we are referring to the contractual guarantees provided by the insurance company that issues the product. In accordance with the NAIC Advertisements of Life Insurance and Annuities Model Regulation (Model #570), Section 4(O)(2), all guarantees associated with insurance products — including guaranteed minimum interest rates, guaranteed death benefits, guaranteed income riders, and guaranteed contract floors — are backed solely by the financial strength and claims-paying ability of the issuing insurance company. These guarantees are not backed by Game Change Financial, any bank, the FDIC, or any other federal government agency.

It is important to distinguish between guaranteed and non-guaranteed elements of insurance products. Guaranteed elements include contractually fixed features such as minimum interest rate floors, specified death benefit amounts, and guaranteed surrender values. Non-guaranteed elements include features that the insurance company may adjust within the terms of the contract, such as participation rates, cap rates, spreads, index crediting rates, dividend scales, and cost-of-insurance charges. Non-guaranteed elements may be changed at the insurer’s discretion, subject to any contractual minimums or maximums, and actual credited interest or cash value accumulation may differ from what is illustrated at the time of sale.

7. Fixed Indexed Annuity Disclosures

In accordance with the NAIC Annuity Disclosure Model Regulation (Model #245), Section 5(B)(3)(a) through (h), the following disclosures apply to fixed indexed annuities offered through Game Change Financial.

Fixed indexed annuities are insurance products, not direct investments in the stock market, any stock index, or any other securities market. When you purchase a fixed indexed annuity, you are not purchasing shares of any index, stock, bond, or other security. The interest credited to your annuity is calculated by the insurance company using a formula that references the performance of one or more market indices, such as the S&P 500. The insurance company sets the terms of this formula, including participation rates (the percentage of index gain credited to your contract), cap rates (the maximum interest rate that can be credited in a given period), floor rates (the minimum interest rate, which is typically zero percent, meaning your contract value will not decrease due to negative index performance but may not grow), and spreads or margins (a percentage that may be deducted from the calculated index return). These rates and terms limit both the gains and losses that may be applied to your contract and are subject to change by the insurance company at its discretion, subject to any contractual minimums.

Fixed indexed annuities are subject to surrender charges if you withdraw more than the free withdrawal amount during the surrender charge period, which can range from several years to more than ten years depending on the product. Early withdrawals prior to age 59½ may be subject to a 10% federal income tax penalty in addition to ordinary income tax on any gain. Fixed indexed annuities are not FDIC insured, are not bank deposits, are not obligations of or guaranteed by any bank or financial institution, and are not insured by any federal government agency. All guarantees associated with a fixed indexed annuity are subject to the financial strength and claims-paying ability of the issuing insurance company. Some fixed indexed annuities may offer optional riders, including living benefit riders and long-term care riders, which provide additional benefits for an additional cost. The terms, conditions, and charges associated with optional riders vary by product and by insurance company.

8. Indexed Universal Life (IUL) Disclosures

The following disclosures apply to indexed universal life insurance policies offered through Game Change Financial and are provided in accordance with the NAIC Life Insurance Illustrations Model Regulation (Model #582) and Actuarial Guideline 49 (AG 49), as amended by AG 49-A (effective December 14, 2020) and AG 49-B (effective May 1, 2023).

Indexed universal life insurance is primarily a life insurance product. Its principal purpose is to provide a death benefit to your named beneficiaries. While IUL policies accumulate cash value that may be accessed during your lifetime, these policies are not retirement plans, savings accounts, or investment vehicles. In accordance with the NAIC Advertisements of Life Insurance and Annuities Model Regulation (Model #570), Section 4(J), IUL must not be described or marketed as a retirement plan, investment, savings plan, or deposit.

The cash value of an IUL policy is not invested directly in any stock market index. Similar to fixed indexed annuities, the insurance company uses a formula referencing index performance to determine the interest credited to your cash value account, subject to participation rates, caps, floors, and spreads that are set by the insurer and may be changed at the insurer’s discretion (subject to any contractual minimums).

IUL policies are subject to significant charges that reduce cash value accumulation, including premium loads (a percentage deducted from each premium payment), administrative and policy fees, cost of insurance (“COI”) charges (which increase as you age and are deducted from your cash value), surrender charges during the surrender period, and charges for any optional riders you elect. If premiums paid are insufficient to cover these charges, your policy may lapse — meaning coverage will terminate and you will lose your death benefit. It is important to fund your IUL policy at a level sufficient to sustain the policy for the duration you intend to maintain coverage.

Policy loans reduce the cash value and death benefit of your policy. If you borrow against your policy and fail to repay the loan, the outstanding loan balance (plus accumulated interest) will be deducted from the death benefit paid to your beneficiaries. If an outstanding policy loan causes the net cash surrender value to reach zero, the policy will lapse. A lapsed policy with an outstanding loan may create a taxable event, meaning you could owe income taxes on any gain in the policy even though you received no cash from the lapse.

Illustrated income projections shown in a life insurance illustration are based on non-guaranteed assumptions about future index performance and crediting rates. In accordance with AG 49-A and AG 49-B, the maximum illustrated rate for an IUL policy is limited by regulatory requirements designed to prevent the use of unrealistic or misleading projections. Actual policy performance may be better or worse than what is illustrated.

9. Premium Finance Life Insurance Disclosures

Premium finance life insurance involves the use of a third-party loan to pay life insurance premiums. These strategies are generally complex and are appropriate only for high-net-worth individuals with substantial liquid assets and the financial sophistication to understand and accept the associated risks. The following disclosures apply to premium finance strategies discussed or implemented through Game Change Financial.

Interest rate risk is a primary risk of premium finance arrangements. Loans used to finance premiums are typically variable-rate loans, and the interest rate may increase substantially over the term of the arrangement. Rising interest rates increase the cost of borrowing and can significantly reduce or eliminate the projected economic benefit of the strategy.

Policy performance risk exists because the strategy’s success depends in part on the assumption that the life insurance policy’s cash value will grow at a rate sufficient to offset or exceed the cost of borrowing. If the policy’s actual performance falls below the projected crediting rate used in the illustration, the policyholder may be required to contribute additional collateral, make out-of-pocket premium payments, or pay down loan principal to prevent default.

Collateral requirements are imposed by the lender and typically require the borrower to pledge assets (such as investment accounts, letters of credit, or other liquid assets) as security for the premium finance loan. If the value of the pledged collateral declines below the lender’s minimum requirements, the lender may issue a margin call requiring the borrower to post additional collateral on short notice. Failure to meet a collateral call may result in the lender liquidating pledged assets or calling the loan.

Loan renewal risk exists because premium finance loans are typically structured as short-term (one to five year) loans that must be renewed or refinanced at maturity. There is no guarantee that the lender will renew or refinance the loan at maturity, and failure to secure renewal may require the borrower to repay the loan in full or find alternative financing.

The borrower must have a clearly identified exit strategy for repayment of the premium finance loan. Reliance on the policy death benefit as the sole source of repayment is not appropriate, as premature death within the financing period may not generate sufficient death benefit to cover the outstanding loan balance (depending on the timing and loan terms). Exit strategies may include repayment from liquid assets, policy cash value access, or refinancing.

Premium financing arrangements in Oregon are subject to the provisions of ORS 746.405–746.530, which regulate insurance premium financing agreements.

10. Section 162 Executive Bonus Plan Disclosures

A Section 162 executive bonus plan is an arrangement under which an employer pays premiums on a life insurance policy owned by a key employee. The premium payment is treated as a bonus to the employee. The following disclosures apply to Section 162 plans discussed or implemented through Game Change Financial.

The bonus amount paid by the employer is taxable compensation to the employee and will be reported on the employee’s Form W-2. The employer’s deduction for the bonus payment is subject to the “reasonableness” requirement of Internal Revenue Code § 162, which provides that compensation must be reasonable in amount for the services rendered. The determination of reasonableness is a facts-and-circumstances analysis, and compensation that is found to be unreasonable may be disallowed as a deduction. For pass-through entities (S corporations, partnerships, and limited liability companies taxed as partnerships), additional analysis may be required regarding the treatment of bonus payments to owners who also serve as employees.

Cash values within the life insurance policy accumulate on a tax-deferred basis under current federal income tax law. Death benefit proceeds payable under a life insurance policy are generally income tax free under current federal income tax law, as provided in Internal Revenue Code § 101(a). However, this tax treatment is subject to change by future legislation, and certain exceptions apply (including the transfer-for-value rule, employer-owned life insurance reporting requirements under IRC § 101(j), and policies that are classified as modified endowment contracts under IRC § 7702A).

Policy loans and partial withdrawals may have tax consequences. Withdrawals are generally treated as a tax-free return of basis (premiums paid) first, but withdrawals in excess of basis are taxable as ordinary income. Policy loans are generally not taxable events so long as the policy remains in force, but a lapsed policy with an outstanding loan may trigger a taxable gain. All tax discussion provided by Game Change Financial is general and educational only. You should consult a qualified tax advisor for advice specific to your circumstances before establishing or participating in a Section 162 executive bonus plan.

11. Debt Elimination and Cash Value Strategy Disclosures

Game Change Financial may discuss or implement strategies that use the cash value of permanent life insurance (whole life or IUL) as a source of liquidity, sometimes referred to as “infinite banking,” “Bank On Yourself,” or “cash value debt elimination” strategies. The following disclosures apply to these strategies.

These strategies involve borrowing against the cash value of a life insurance policy. The insurance company — not a bank — issues the loan, and the loan is secured by the policy’s cash value. Policy loans accrue interest, and the interest compounds if not paid. The outstanding loan balance (principal plus accrued interest) reduces both the cash value and the death benefit of the policy. These strategies do not create a bank. You do not become a bank or banking institution by purchasing a life insurance policy with cash value, and the funds in your policy are not FDIC insured.

The projected results of these strategies depend on non-guaranteed policy performance, including dividend crediting rates (for whole life) or indexed interest crediting rates (for IUL), which may change over time at the insurer’s discretion. If actual crediting rates are lower than those illustrated, the cash value available for borrowing will be less than projected, and the economics of the strategy may be materially different from what was illustrated.

These strategies require disciplined loan repayment by the policyholder. If you fail to repay policy loans as planned, the outstanding loan balance may grow to the point where it exceeds the net cash surrender value of the policy, causing the policy to lapse. A lapse of a policy with an outstanding loan may create a taxable event under federal income tax law. Specifically, if a policy that has been classified as a modified endowment contract under IRC § 7702A lapses with an outstanding loan, the entire gain in the policy (the excess of cash value over premiums paid) may be subject to ordinary income tax, plus a 10% penalty if you are under age 59½. Even policies that are not modified endowment contracts may generate a taxable event upon lapse if the outstanding loan exceeds the cost basis.

12. Tax and Legal Advice Disclaimer

Nothing on the Game Change Financial website, in our marketing materials, in our illustrations, or in our verbal or written communications constitutes tax, legal, or accounting advice. Game Change Financial is not a certified public accountant, enrolled agent, tax return preparer, attorney, or financial planner. All references to tax treatment, tax advantages, tax consequences, legal structures, business entity considerations, estate planning, or similar topics are general and educational in nature only. They are based on our general understanding of current law and are not intended as advice upon which you should rely for making financial, tax, or legal decisions.

Tax laws and regulations are complex, subject to change, and vary by jurisdiction. The tax consequences of any insurance transaction depend on your individual circumstances, including your income, tax filing status, state of residence, and the nature and structure of the specific transaction. You should consult a qualified CPA, tax attorney, or other tax professional for advice tailored to your specific situation. Similarly, you should consult a qualified attorney for any matter involving legal rights, obligations, contracts, business formation, estate planning, or other legal issues.

13. Third-Party Specialists Disclosure

For complex cases, Game Change Financial may partner with or refer clients to outside specialists, including premium finance strategists, tax attorneys, estate planning attorneys, CPAs, and other professionals who have particular expertise in the strategies and products we offer. These third-party professionals are independent contractors, consultants, or practitioners who maintain their own independent practices. They are not employees, agents, or representatives of Game Change Financial.

Game Change Financial does not supervise, direct, or control the work product or professional advice rendered by any third-party specialist. Each such professional is independently licensed, regulated, and responsible for the advice they provide. Game Change Financial does not guarantee the accuracy, completeness, suitability, or quality of any advice, analysis, or work product provided by a third-party specialist, even if that specialist was introduced to you by the Firm or worked collaboratively with the Firm on your engagement.

14. No Guarantee of Results

Past performance of any insurance product, investment strategy, or financial plan does not guarantee future results. Case studies, hypothetical examples, historical illustrations, and projected outcomes presented by Game Change Financial or by insurance carriers are provided for educational and illustrative purposes only and should not be relied upon as predictions or guarantees of future performance.

Individual outcomes will vary based on a wide range of factors, including but not limited to your health and insurability, age, financial situation, product selection, premium payment history, policy performance, index crediting rates, cost of insurance charges, lender terms (for premium financing), interest rate environment, tax law changes, and general economic conditions. No representation or guarantee is made that any specific financial outcome, income level, death benefit amount, cash value accumulation, or rate of return will be achieved.

15. Oregon Regulatory Information

Game Change Financial and its producers are regulated by the Oregon Division of Financial Regulation, a division of the Oregon Department of Consumer and Business Services. The Division of Financial Regulation is responsible for regulating insurance companies, insurance producers, and insurance business practices in the State of Oregon.

If you have a complaint about an insurance producer, insurance company, or insurance transaction in Oregon, you may file a complaint with the Division of Financial Regulation. Complaints may be filed online, by phone, or by mail:

The Oregon Insurance Code, ORS Chapter 746, governs insurance trade practices in Oregon, including requirements related to unfair claims practices, unfair trade practices, advertising, producer conduct, privacy, and consumer protection. Game Change Financial is committed to full compliance with all applicable provisions of ORS Chapter 746 and the administrative rules promulgated thereunder.