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SOURCES There are various funding sources: • Long Term Insurances / Reverse-Life Insurance™ • Mortgages / Reverse Mortgages • Veterans – Aids and Attendance Pension (A&A) Program • Medicare • Medicaid / Medi-cal Long Term Insurance - Long-term-care insurance, like all insurance, requires you to pay a premium on a regular basis so that you don't have to pay a huge amount later on in the event of a catastrophic illness or condition. Long-term-care insurance covers services for people who are unable to care for themselves. The most common reasons that people need long-term-care insurance are: a.) prolonged illness (i.e. cancer); b.) degenerative condition (i.e. Parkinson's or a stroke); c.) a disability; d.) cognitive disorder (i.e. Alzheimer's disease) The above is an excerpt from www.helpguide.org. To find out more about Long Term Insurance, visit http://www.helpguide.org/elder/long_term_care_insurance.htm Overview of Reverse-Life Insurance™ What is Reverse-Life Insurance™? Reverse-Life Insurance™ is the sale of a life insurance policy that is owned by a senior citizen, age 65+, or a person with a life expectancy of 15 years or less, for a lump-sum of cash today that is greater than the cash surrender value of the policy, but less than the death benefit of the policy. Who buys the policy? Christian Stanley makes markets, both domestically and internationally, with over 20 institutional funders that provide seniors with lump-sum cash payments in exchange for life insurance policies that are no longer needed or wanted. The funding institution is the final purchaser of the senior citizen ’ s life insurance policy. How does Christian Stanley maximize value? By creating a competitive auction market, we are able to consistently earn seniors, on average, 4-times the cash surrender value offered by the insurance carrier. Why are purchasers willing to offer more than the cash value of a life insurance policy? The cash surrender value of a life policy does not reflect the true economic value of the asset in a competitive market environment because it is simply the lowest value, or floor value, of the life insurance policy. Allowing parties external to the origination of the policy to submit a bid is necessary if one is to earn the fair market value of the life insurance policy. Do I own my policy? The Reverse-Life Insurance™ market is referred to as the secondary market for life insurance policies. Life insurance is private property. Like cars, homes, stocks, and bonds, it can be sold in accordance with applicable laws. Our industry has exploded from only $50 million (US) in 1990 to over $4 billion (US) in annual transactional volume in 2002. The Wharton School of Business projects that our industry will reach $20 billion in annual transactions by 2009. Mortgages / Reverse Mortgages - For seniors who are homeowners, a reverse mortgage, or home-equity conversion, is one way to pay for housing-with-services. It is a means of borrowing money from the amount your home is worth beyond any mortgage debt. There are a variety of lending institutions that provide this, regulated by the federal government.

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