ADDED
Form 10-K Summary 125 Signatures 126 ii C AUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS Investors are cautioned that certain statements contained in this report as well as some statements in periodic press releases and some oral statements made by our officials during our presentations are forward-looking statements.
mortgage brokerage and Canadian mortgage referral business is highly regulated and subject to various federal, state and provincial laws and regulations in the U.S.
The development and use of artificial intelligence present risks and challenges that could materially adversely affect our business.
and Canada, as well as executive branch actions, orders and policies, judicial rulings and decisions by public officials, any of which may require us to alter our business practices and could materially adversely affect our business.
Uncertainty in the legislative and regulatory climate with regard to financial services may adversely affect our business.
We insured over 5.5 million lives and had approximately 3.1 million client investment accounts as of December 31, 2025.
The guiding principles that underlie our strategic vision are serving middle-income families, maximizing the success of the independent sales force, preserving and strengthening our culture, and protecting our business model.
Our strategic plan includes the following growth pillars: Understand and solve the financial challenges faced by current and prospective clients; Enable leaders in the independent sales force to grow their teams and build new leaders, expanding our distribution capabilities across business lines; Expand representative and client digital experiences to create connected conversations; Deepen our talent pool to ensure our success, now and in the future; and Proactively ensure the Company s image accurately reflects who we are.
( PFS Investments ), our principal investment and savings products company, broker-dealer and registered investment adviser.
Fee-Based and Complementary Nature of Primary Business Segments We use three operating segments to organize, evaluate and manage our business: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products.
REMOVED
Form 10-K Summary 128 Signatures 129 i C AUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS Investors are cautioned that certain statements contained in this report as well as some statements in periodic press releases and some oral statements made by our officials during our presentations are forward-looking statements.
Our mortgage brokerage business is highly regulated and subject to various laws and regulations in the U.S.
and Canada, changes in which may require us to alter our business practices and could materially adversely affect our business.
The current legislative and regulatory climate with regard to financial services could adversely affect our business.
We insured over 5.5 million lives and had approximately 3.0 million client investment accounts as of December 31, 2024.
Our strategy has been organized across four primary areas: Maximizing independent sales force growth, leadership and productivity; Broadening and strengthening our protection product portfolio, including term life insurance and third-party products; Becoming the middle-income market s provider of choice for retirement and investment products; and Developing powerful digital capabilities that deepen our client relationships and extend our reach in the market.
Looking forward to 2025 and beyond, we updated our corporate strategic plan to include the following growth pillars: Understand and solve the financial challenges faced by current and prospective clients; Enable leaders in the independent sales force to grow their teams and build new leaders, expanding our distribution capabilities across business lines; Expand representative and client digital experiences to create connected conversations; Deepen our talent pool to ensure our success, now and in the future; and Proactively ensure the Company's image accurately reflects who we are.
On September 30, 2024, the Company abandoned its ownership in e-TeleQuote Insurance, Inc.
and subsidiaries (collectively, e-TeleQuote ), a marketer of Medicare-related insurance products underwritten by third-party health insurance carriers to eligible Medicare beneficiaries.
( PFS Investments ), our principal investment and savings products company, broker-dealer and registered investment advisor .