LIVING BENEFITS FINANCIAL GROUP

Life Settlement Finance

Origination - Due Diligence - Acquisition - Servicing - Trading - Lending

Paul J. Moe, Chairman and Chief Executive Officer

A settlement industry pioneer, successful entrepreneur, and business leader with more than 30 years experience. Mr. Moe is responsible for developing the concept and uniting the team of professionals that ultimately became the Living Benefits Financial Group, LLC and its affiliates; Living Benefits Financial Services, LLC, LifeLoan Financial Services, LLC and Living Benefits Asset Management, LLC. Mr. Moe engineered the successful deployment of $596 million USD in institutional funding of life insurance product internationally on behalf of multiple world-wide investment banks, hedge funds and private equity funds in his capacity as Co-Chairman and Chief Investment Officer of Marquee Financial Group, LLC. Mr. Moe secured multiple origination agreements as a Life Settlement Provider for Living Benefits Financial Services, LLC and contracted with Deutche Bank AG London to become a registered “Introducing Broker” producing a derivatives trade in excess of $380 million USD. Mr. Moe was one of the key individuals responsible for securing the company’s initial provider funding facility of $400 million USD with Berkshire Hathaway’s GenRe Securities. Additionally, Mr. Moe originated and analyzed in excess of 10,000 life insurance policies for a total net death benefit of $27+ billion USD. Mr. Moe’s involvement in the settlement industry dates back to 1993 when he served as Chief Operating Officer of ViatiCare Financial Services, LLC. Mr. Moe was one of the key individuals responsible for securing the company's $150 million USD revolving warehouse facility for settlement purchases from Minnesota based Cargill Financial Services Corporation. Since the inception of the settlement industry in the early 1990s, Mr. Moe has always maintained a strong advocacy of industry regulation nationwide. Mr. Moe received his B.A. in Economics from St. Thomas University in St. Paul, MN in 1977 with continuing education at the University of Minnesota School of Business and Metro State University in Business Administration.

Scott L. Grossfeld, President and Chief Financial Officer

A financial executive with 20 years of successful accounting, finance and operational experience including: design and implementation of accounting policies, procedures and systems; cash management; business development/modeling; sales and marketing; and debt/equity financing. Mr. Grossfeld is known for being analytically strong, with a clear sense of key business issues and goals. He is a proven problem identifier with the ability to find creative solutions. He has demonstrated strategic planning and organizational skills with extensive supervisory experience. Mr. Grossfeld most recently was the Chief Financial Officer and Vice President of Operations for Gurstel, Staloch and Chargo, P.A. He managed over 100 employees in the firm’s Minnesota and Arizona offices. His main focus was on the development and execution of a 5-year growth plan and the development and enhancement of operational systems and processes to maximize efficiency, profitability and internal controls. Mr. Grossfeld served as Chief Financial Officer of Living Benefits Financial Services, LLC, for five years. During his tenure there, over $3 billion in policies were originated and analyzed with approximately $165 million of policies purchased and managed. Mr. Grossfeld worked directly with Wall Street financial analysts to develop institutional funding mechanism and five-year business plan; worked with outside accounting, legal and tax professionals to research and resolve complex tax, reporting, regulatory and structural issues; and developed and delivered presentations to rating agencies, private investors and strategic partners. Mr. Grossfeld then went on to consult Ameriprise Financial on Sarbanes Oxley Section 404 processes and testing and he led a team of accounting and operational consultants to identify and eliminate operational problems within the Loan Servicing Department of Marshall Bank First. Mr. Grossfeld earned his CPA license during his tenure with the Minneapolis office of the Big 4 accounting firm of KPMG Peat Marwick and is a current member of the MN Society of CPAs and the American Institute of Certified Public Accountants (AICPA). Mr. Grossfeld holds a B.S. in Accounting from Pennsylvania State University.

Michael A. Fannon, Managing Director - Operations

Mr. Fannon oversees all aspects of operational control for all affiliated companies in the Living Benefits Financial Group, LLC. Prior to his involvement in the life settlement finance industry, Mr. Fannon spent over 35 years as a nationally recognized originator of residential mortgages. During his career, he worked for several of the top-tier lending institutions in the country and personally originated over $500 million in residential mortgages. In 1991, Mr. Fannon, along with a partner, formed the Bell Mortgage Company, a leading lender of residential mortgages. Mr. Fannon was responsible for loan production, marketing, pricing, underwriting as well as packaging and delivery to the secondary market. In 1994, Mr. Fannon made another business acquisition, RHR Information Services, Inc., which focused on providing background screening services for both the property management industry as well as employers nationwide. He successfully sold both businesses and continues his extensive business experience and financial acumen in facilitating major life settlement transactions. Mr. Fannon’s leadership skills were initially developed as a Chief Warrant Officer (W-3) and pilot during his distinguished seven year military career, including a tour in Vietnam. Mr. Fannon holds a B.S. in Business Administration from the University of Minnesota.

David B. Younglove, Managing Director – Trading and Origination

In 2005-2008, Mr. Younglove and his team processed - marketed more the $2 billion net death benefit of life settlement transactions on seniors 65-90 years of age. He led his team in the development and implementation of a proprietary online submission system allowing sellers to input and view real time processing updates. Mr. Younglove’s dedication and strong personal management has made him an industry leader in the life settlement business. He has developed and implemented custom database management and data storage systems for the life settlement purchasing and brokerage industries. The company takes very seriously its duty to represent the insured clients and their advisors, affecting the highest possible offers that match the provider communities’ acquisition desires. The majority of Mr. Younglove’s new business referrals come directly from satisfied sellers and their professional advisors. His development of the underwriting and operations systems for Living Benefits Financial Group, combined with his strong personal management, has made him an industry leader in the life settlement brokerage business. In 2007-2008, Mr. Younglove assisted an international institutional bank to develop and implement a new longevity index program. Mr. Younglove assisted in developing senior presentation materials as well as processes and procedures for presentation to ensure compliance with all state regulations. Mr. Younglove sourced, trained and led a team of more than 600 agents across the US to originate more than 3000 seniors over a seven month period for the program.