LifeLoan Financial Services, LLC ("LifeLoan")

In 2008, the principals of Living Benefits Financial Group, LLC, retained internationally renowned experts in the life insurance, financial markets, and legal analysis sectors to create an alternative to life settlements that could capture another potentially larger segment of the market. When compared to life settlements, the new LifeLoan^® Program product is more efficient and flexible, easier to understand, and may serve a broader group of policyholders.

A LifeLoan^® Program is a non-recourse loan to fund future premium payments for a specified term up to maturity on qualified policies and portfolios. This loan meets the needs of senior citizens and their estates, as well as portfolio managers nationwide, by eliminating all future premium obligations by the policy owner while being structured to maintain a continuing interest in a portion of the death benefits by the original beneficiary. It is secured by filing a collateral assignment with the insurance carrier and an agency agreement with a nationally recognized banking institution.

To round out our suite of services and products, LifeLoan Financial Services, LLC is scheduled to roll out the lending program in 2010.