News WEEKLY MARKET AND ECONOMIC COMMENTARY FROM LPL RESEARCH ANALYSTS CAN BE FOUND ON THIS WEBSITE UNDER THE LPL TAB. WE WILL ALSO SHARE LETTERS FROM LPL EXECUTIVES ABOUT KEY MARKET EVENTS UNDER ABOUT US, BLOG. YOU MAY SUBSCRIBE TO DAILY MARKET COMMENTARY AT LPLRESEARCH.COM. PHONE MEETINGS CAN BE SCHEDULED WITH YOUR FINANCIAL ADVISOR TO HELP KEEP EVERYONE HEALTHY. IN PERSON APPOINTMENTS TO 6 TOWER PLACE ALBANY, NY OFFICE REQUIRE A MASK/CLOTH FACE COVERING AND COMPLETION OF A HEALTH QUESTIONNAIRE IN ACCORDANCE WITH NEW YORK STATE COVID-19 HEALTH PROTOCOLS. HAND HYGIENE STATIONS ARE AVAILABLE AND SOCIAL DISTANCING IS IN PLACE. THANK YOU FOR YOUR UNDERSTANDING.Todd Kletter will form and lead the new Business Services Group at the firm to share insights from his own experience in acquiring and selling companies, managing compensation, growing EBITDA and cash flows, reducing debit, and restructuring businesses. "Todd Kletter is a seasoned business leader with an impressive resume of top executive management positions in the consumer staples, packaging and distribution industries for over 20 years. He understands the challenges faced by those 'at the helm' and can bring perspectives in key areas such as compensation and retention of talent, mergers and acquisitions, succession planning, and risk mitigation, "said Todd Slingerland."Financial products and services are a means to an end, they help to address issues, but someone needs to help our business clients discover and understand the potential problems they might be facing in the first place. Having Todd Kletter on our team helps provide that collaboration and helps us to tailor our proposals, plans, and portfolios accordingly, " added Adam Neary. "We like the way he thinks. He's smart, looks at things differently, and his energy is infectious. We can't wait to see what we can accomplish together, " Slingerland remarked. For more information visit http://www.capitalfinancialplanning.netunder "Business Services Group". Todd Kletter can be reached at (518) 867-4000 x107.On June 17, Todd Slingerland, President and CEO of Capital Financial Planning (L) presented the team members of NLG Wealth Management Adam Neary, CMFC, Shelby Martin, Brittany Hedderman, MBA, and Daniel O’Keefe, CFA, CFP® with the LPL Financial 2020 Chairman’s Award. This award, presented annually by Dan Arnold, President and CEO of broker/dealer, LPL Financial, recognizes outstanding accomplishment and commitment to providing personal, objective financial guidance and helping clients turn their life’s aspirations into financial realities. This is the 3rd time that NLG Wealth Management has been recognized with the Chairman’s Award. Award is based on annual production.IMPORTANT NOTICE TO NEW YORK POLICYHOLDERS OF LIFE INSURANCE AND ANNUITIES:Dear Policyholder,A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New York State Department of Financial Services (“Department”), extend grace periods and give you other rights under your life insurance policy or annuity contract if you can demonstrate financial hardship as a result of the novel coronavirus (“COVID‑19”) pandemic. These grace periods and rights are currently in effect but are temporary, though they may be extended further. Please check the Department’s website at https://www.dfs.ny.gov/consumers/coronavirus for updates.A copy of the Executive Order and regulations can be found at https://www.governor.ny.gov/news/no-20213-continuing-temporary-suspension-and-modification-laws-relating-disaster-emergency and https://www.dfs.ny.gov/system/files/documents/2020/03/re_consolidated_amend_pt_405_27a_27c_new_216_text.pdf, respectively. Insurance Payments - Grace PeriodIf you can demonstrate financial hardship as a result of the COVID-19 pandemic, your insurer must extend to 90 days the applicable grace period for the payment of premiums and fees under your life insurance policy or annuity contract. If you do not make a timely premium payment and can demonstrate financial hardship as a result of the COVID-19 pandemic, your insurer may not impose any late fees relating to the premium payment or report you to a credit reporting agency or a debt collection agency regarding such premium payment. Catching up on Overdue Insurance PaymentsThe regulations also require your insurer to permit you to pay the overdue premium over a 12-month period if you did not make a timely premium payment due to financial hardship as a result of the COVID-19 pandemic and can still demonstrate financial hardship as a result of the COVID-19 pandemic. This also applies if the insurer sent you a nonpayment cancellation notice prior to March 29, 2020. Policies Financed by Premium Finance Agencies – Grace PeriodIf your life insurance policy or annuity contract has been financed through a premium finance agency, and you do not make an installment payment, the premium finance agency may not cancel your life insurance policy or annuity contract for a period of at least 90 days, including any contractual grace period, if you can demonstrate financial hardship as a result of the COVID-19 pandemic, and subject to the safety and soundness of the premium finance agency. In addition, if you do not make a timely installment payment to the premium finance agency and can demonstrate financial hardship as a result of the COVID-19 pandemic, the premium finance agency must extend the due date for the installment payment by at least 90 days, may not impose any late fees relating to that installment payment, and may not report you to a credit reporting agency or a debt collection agency regarding that installment payment. Catching up on Overdue Payments to Premium Finance AgenciesIf you do not make a timely installment payment to the premium finance agency due to financial hardship as a result of the COVID-19 pandemic, the premium finance agency must permit you to pay the installment payment over a 12-month period if you can still demonstrate financial hardship as a result of the COVID-19 pandemic, subject to the safety and soundness of the premium finance agency. This also applies if the premium finance agency issued a non-payment cancellation notice prior to March 29, 2020. How to Demonstrate Financial HardshipIf you are unable to make a timely premium payment due to financial hardship as a result of the COVID-19 pandemic, you may submit to your insurer or premium finance agency, as applicable, a statement that you swear or affirm in writing under penalty of perjury that you are experiencing financial hardship as a result of the COVID-19 pandemic, which the insurer or premium finance agency, as applicable, shall accept as satisfactory proof. Such statement is not required to be notarized. QuestionsIf you have any questions regarding your rights under the Executive Order or regulations, please contact your insurer, broker, or premium finance agency.