1. Discover Living Benefits Within a Life Policy For Agent Use Only – Not For Use With The Public 2/10 “Finally, a concept that recognizes the importance of paying a benefit when the insured needs it most.”

2. For Agent Use Only – Not For Use With The Public 22 LifeVentures Producers Group 25 MGAs/wholesalers in New York Strong compensation Trademarked name—Life for the Living TM More supported products and concepts to follow LifeVentures website: www.LifeVenturesCorp.com Veris Settlement Partners www.go2veris.com

3. For Agent Use Only – Not For Use With The Public 3 Are We Selling the Right Products? 9.3 million Life Insurance policies were either lapsed or surrendered in 2008. This activity represents 7.2% of all life policies. 88% of all Universal Life and 83% of all term policies never pay a death claim. For seniors age 65+, only 25% of all UL policies are held long enough for a death benefit to be paid. $11.7 Billion of Death Benefits were sold to a third party investor as a life settlement for unwanted or unneeded life policies in 2008. The life expectancy of a 70-year-old male in good health is 18.5 years and 20.5 years for a healthy 70-year-old female. US population continues to age as individuals over age 65 will more than double and those 85 and over will more than triple by mid century. 1 out of 2 seniors will require some form of long term care in their lifetime. Asset portfolios and almost all asset classes have declined in value as a result of the current global recession. The value of your life insurance policy has not been impacted due to the product guaranteed components and strong state regulation. Many people tend to value “living benefits” over death benefits only

4. For Agent Use Only – Not For Use With The Public 44 Source: Population Division, US Census Bureau (August 14, 2008)

5. For Agent Use Only – Not For Use With The Public 55 Market Overview The market requires products that meet this mortality extension risk –Long-term care insurance –Guaranteed Income Annuities –Life Insurance with Significant Living Benefits Need for living benefits –Population aging –Concern of out-living assets –Choices and greater flexibility –Financial independence later in life and not becoming a burden on children or other relatives –Protection of retirement income and assets from potentially devastating LTC costs –A ready source of funds

6. For Agent Use Only – Not For Use With The Public 66 Market Overview Financing long-term care is a looming national crisis –Need for long-term care will explode as population ages –Public programs are inadequate –LTC insurance is available but cost can be unaffordable –“Use it or lose it”

7. For Agent Use Only – Not For Use With The Public 77 Market Overview By 2020, about 157 million Americans will be afflicted by a chronic illness Chances of needing homeowners insurance for serious damage: 1 in 1,200 –Chances of needing some form of long-term care: 1 in 2 Accidents, strokes and other illnesses cause adults age 18 to 64 to make up 40% of people needing long-term care A private room in a nursing home now averages more than $74,000 a year Health insurance plans don’t cover certain costs associated with long-term illnesses –Medicaid only pays when an individual has spent down or liquidated a substantial amount of their assets How does your client plan on paying for uninsured medical costs?

8. For Agent Use Only – Not For Use With The Public 88 The Concept What if there was an innovative way to have meaningful “living” benefits within a competitive Universal Life insurance policy, which provides…

9. For Agent Use Only – Not For Use With The Public 99 The Concept Combination of life insurance and accelerated benefits for chronic illness in one product Policy to cover the total lifetime of insureds Protects against early death Provides a tax-free annual benefit on chronic illness certification on a “cash basis” Ability to use annual benefit for any need Ability for paid-up policy on amounts not accelerated Retains pro-rata share of existing CSV “Me” policy for the insured “Use it or use it.”

10. For Agent Use Only – Not For Use With The Public 10 Policy Benefits Two Competitive Products: –Current Assumption UL-Assured Plus Protector –Indexed UL-Ultra Select –Underwritten by National Life Insurance Company –Premium flexibility –Death Benefit flexibility –Access to cash value through policy loans and withdrawals –Accelerated Benefit Rider for Chronic Illness available on all policies up to $2 million. Additional policy issued above $2 million.

11. For Agent Use Only – Not For Use With The Public 11 Policy Benefits At Chronic Illness Trigger –Annual benefit available up to annual IRS limits ($105,850 annually/$290/day in 2010, $300 day in 2011, indexed annually) –Cash benefit—No restrictions as to the use –Income-tax free living benefits –No additional cost for the rider –Ability for paid-up policy on Death Benefit not accelerated –No waiting period, no 90-day elimination period

12. For Agent Use Only – Not For Use With The Public 12 Accelerated Benefit Options –No restrictions on the use of benefits received –Can be used for any expense including: Uncovered medical expenses or deductibles Cover expenses for home health or friends to assist with your care Replace income or help with everyday expenses Home modifications Cover expenses for medical procedures or drug therapies Travel or entertainment Savings, replenish retirement assets or reduce debt Make gifts to loved ones

13. For Agent Use Only – Not For Use With The Public 13 Policy Specs Issue ages 0-85, five underwriting classes –Two Preferred NS classes –Table III to Standard Program Minimum face amount: $250,000 Maximum face amount with rider: $2,000,000 Available on all table ratings Mortality vs. Morbidity underwriting Currently New York only for new issued policies Similar products available outside New York through sister company Other riders (Accelerated Benefits for Terminal Illness, Overloan Protection)* *Riders are optional and may require additional premium.

14. For Agent Use Only – Not For Use With The Public 14 National Life Products Assured Plus Protector –Current Assumption UL –Very competitive premiums –Builds strong CSVs –Extends Death Benefit to age 120 –Minimum Annual Interest Rate 3.0% –Living Benefits Ultra Select –Indexed UL –Indexed strategies Fixed Term Strategy Two Point-to-Point Strategies (with participation rate guaranteed at 100+%) Minimum Annual Interest Rate 2.5% –Section 79/Qualified Plans –Enhanced Policy Protector –Living Benefits

15. For Agent Use Only – Not For Use With The Public 15 National Life National Life Insurance Company –Owned under a mutual holding company –160-year-old company –Innovative products –Strong sales results –Has never increased COI’s on in-force policies Ratings –A (Excellent): AM Best. Third highest out of 15 rankings –A+ (Strong): Standard & Poors. Fifth highest out of 17 rankings –A 2 (Good): Moody’s. Sixth highest out of 21 rankings Ratings are subject to change.

16. For Agent Use Only – Not For Use With The Public 16 Product Positioning Two competitive UL products. These products should be the foundation of any individual’s life insurance planning Premium Options-Minimally Funded, Endow, Limited Pay, 1035x No additional cost Accelerated Benefits Rider for Chronic Illness-Available up to $2 million of Death Benefit Flexibility of rider –Determine the annual benefit ($0 to annual IRS limits) –Paid-up policy Cash benefit Can be written in a Trust (Estate Tax Planning)

17. For Agent Use Only – Not For Use With The Public 17 Universal Life Insurance With Living Benefits Policy values can also be accessed through policy loans and withdrawals. Policy loans and withdrawals or the receipt of accelerated benefits will reduce the policy’s cash value and death benefit and may result in a taxable event.

18. For Agent Use Only – Not For Use With The Public 18 Generic Illustration 1 Maximum 1-Year Benefit $105,850 Immediately Before Acceleration Immediately After Acceleration % Reduction Death Benefit 5 Year$2,000,000$1,842,7487.9% 10 Year$2,000,000$1,773,21011.3% Cash Surrender Value 5 Year$500,000$460,6877.9% 10 Year$500,000$443,30311.3% The following Generic Illustration summarizes the death benefit and accelerated income benefit amounts, based on a 5- and 10-year life expectancy for a male nonsmoker insured with a $2,000,000 level face amount policy. Illustration assumes a chronic illness at age 55 with no additional premiums necessary to keep the policy inforce. This illustration of benefits is hypothetical and will not reflect your client ’ s issue age, underwriting class, or face amount. Benefits and values are not guaranteed. Actual results may be more or less than illustrated.

19. For Agent Use Only – Not For Use With The Public 19 Generic Illustration 2 Year 1 Immediately after Benefit Paid Year 2 Immediately after Benefit Paid Year 3 Immediately after Benefit Paid Year 4 Immediately after Benefit Paid Year 5 Immediately after Benefit Paid 1-Year Income Benefit 5 Year$105,850$109,555$113,389$117,358$121,465 10 Year$105,850$109,555$113,389$117,358$121,465 Cumulative 1- Year Income Benefit 5 Year $105,850 $215,405$328,794$446,152$567,617 10 Year $105,850 $215,405$328,794$446,152$567,617 Death Benefit5 Year $1,842,748 $1,688,370$1,534,090$1,379,119$1,222,953 10 Year $1,773,210 $1,552,346$1,334,043$1,117,511$902,220 Cash Surrender Value 5 Year $921,374$844,185$767,045$689,560$611,477 10 Year $886,605$776,173$667,022$558,756$451,110 The following Generic Illustration summarizes the death benefit and accelerated income benefit amounts, based on a 5- and 10-year life expectancy for a male nonsmoker insured with a $2,000,000 level face amount policy. Illustration assumes a chronic illness at age 75 with no additional premiums necessary to keep the policy inforce. This illustration of benefits is hypothetical and will not reflect your client’s issue age, underwriting class, or face amount. Benefits and values are not guaranteed. Actual results may be more or less than illustrated.

20. For Agent Use Only – Not For Use With The Public 20 Duration of Benefit 20 Life Expectancy (at time of first benefit payment) Assumed number of total payments Remaining Death Benefit after total payments 3 years4$1,524,056 4 years5$1,374,775 5 years6$1,212,643 6 years7$1,037,097 7 years8$847,661 8 years9$643,624 9 years10$424,383 10 years11$189,303 Male attained age 75; nontobacco insured; $2,000,000 DB; $100,000 annual benefit. Policy not paid up, although it is assumed the policy has a substantial surrender value. This illustration of benefits is hypothetical and will not reflect your client’s issue age, underwriting class, or face amount. Benefits and values are not guaranteed. Actual results may be more or less than illustrated.

21. For Agent Use Only – Not For Use With The Public 21 National Life’s Underwriting Programs Table III to Standard Rider on all policies regardless of the rating class up to $2 million Mortality vs. Morbidity underwriting TERMout* –Preferred or Standard Term policy 0-5 years from issue up to $1.5 million 6-7 years from issue up to $1.0 million –Converted to National Life’s universal life products –Extensive list of companies on approval list –Two options: No underwriting-Wait two years for Chronic Illness Accelerated Rider Full application, minimal underwriting-Rider on at issue –Regulation 60 required –Maximum issue age 65 JUMPin* –Preferred or Standard UL policy within last 3 years Or 5 years if had physical exam in last 24 months –Replacement of current contract not required –Minimal underwriting, extensive list of companies on approved list –Maximum Death Benefit: $1 million –Rider on at issue –Maximum issue age 65 Expedited Regulation 60 (1035x) process *These are not guaranteed issue programs. Additional medical requirements may be needed.

22. For Agent Use Only – Not For Use With The Public 22 Potential Sales Opportunities Foundation of any individual’s life insurance planning –Permanent life insurance need –Current assumption UL/Indexed UL products –Provide Living Benefits option –TERMout and JUMPin programs –Strong CSV’s –Table Shaving program Consumer Profile –Insurance capacity and healthy –Have not planned for LTC –No need to self-insure for unreimbursed medical costs –Wealth transfer/charitable giving at death –“Use It or Use It” Other –Suitable buy/sell product –Qualified Plans/Section 79 –Profit sharing plans –ILIT-Estate tax planning 22

23. For Agent Use Only – Not For Use With The Public 23 Table Shaving Program Table III to Standard to age 70 *Assured Plus Protector, $500,000 Death Benefit with a level premium solve to age 100 for a 55-year-old male

24. For Agent Use Only – Not For Use With The Public 24 Endowment vs. Minimal Solve Suggest endowing the Death Benefit –Death Benefit=CSV at age 100 Provides greater future flexibility Can always withdraw up to basis tax free (premiums paid) *Assured Plus Protector, 55-year-old standard male, level premium, $500,000 Death Benefit

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27. Discover Living Benefits Within a Life Policy “Finally, a concept that recognizes the importance of paying a benefit when the insured needs it most.”