Main Conference Day 1: Wednesday, March 24, 2010

8:15 Chairman’s Opening Remarks

8:30 The State Of The Market Today: Innovation, Regulation And Consolidation

• Examining the biggest challenges currently facing the long-term viability of the asset class
• Evaluating the success of innovation in investment product structures
• A closer look at the three emerging regulatory paradigms: Which is gaining ascendance?
• Understanding the shift in market dynamics over the past year

9:15 Investor Perspectives On The Asset Class: Understanding The Role Played By Life Settlements In A Diversified Portfolio

• Understanding the most appealing aspects of exposure to the life settlements investment class
• Identifying the dangers of investing in life settlements
• Diversification strategies for life settlement investors: Determining the most effective blends of LEs and impairment types
• Linking fund structure and management style to investment horizons and objectives
• Understanding the role played by life settlements in a diversified asset allocation strategy
• Comparing longevity-based investments with alternative portfolio diversifiers

10:30 Realigning Your Fund Structure With The New Taxation Regime: Cost-Effective Solutions For Responding To The IRS Guidance

• Understanding what the IRS rulings mean for the taxation of death benefits en-route to your fund
• Determining the most suitable regions for setting up a life settlement fund
• Identifying the sources of international investment capital within your portfolio
• What to do if you have both treaty and non-treaty investment sources
• Creating transparent structures to avoid commingling headaches if setting up a fund from scratch

11:15 Investor Perspectives On Longevity Derivatives: Trading Strategies To Deliver Enhanced Returns

• Packaging longevity derivatives effectively for investor and insurer groups
• Considerations on indices and the capturing of sample populations
• Determining the most effective use of leverage
• Comparing return dynamics versus traditional investments in life settlements
• Examining the scope for further innovation in the longevity derivatives space

12:00 Keynote Address: Lifting The Lid On NASAA’s Role In The Future Of Life Settlements Regulation

• Understanding the role of NASAA’s Life Settlements Committee in monitoring emerging trends in the marketplace
• Examining the most significant threats to investors and consumers
• Considerations on whether the sale of life settlements should be regarded as securities transactions
• STOLI, insurable interest, and the future of life settlements regulation

Commissioner Fred J Joseph
Colorado Securities Commissioner & President
North American Securities Administrators Association

2:00 U.S. Federal Income Tax Planning In Structuring Debt And Equity Investments In Life Insurance Policies And Annuities

• Overview of Tax Considerations in Investing in Life Insurance Policies and Annuities (Rev. Rul. 2009-13 and Rev. Rul. 2009-14)
• Critical Tax Issues for Life Insurance Investors
• Risks Associated with Life Insurance Investments
• Life Settlement Holding Partnerships
• Trust Structure Involving Tax Exempt Organizations as Policy Owners
• Partnership Structures with Life Insurance Policies and SPIA’s
• Foreign Corporations Eligible for Tax Treaty Benefits
• Foreign Corporations to Own or Originate Life Insurance Policies and SPIA’s
• Premium Finance Structures
• Privately Placed Life Insurance Policies that Include Life Settlement Policies as an Investment Option for Separate Accounts

2:45 The Problem Of Negative PR: Is The Life Settlements Industry Winning Or Losing The Publicity Battle?

• Examining the major sources of negative publicity over the past 18 months:
• The sub-prime debacle, and fuzzy associations with the “spectre” of life settlement securitizations
• Newspaper articles and press treatment
• Sleaze, fraud, and a few “bad apples”
• Does the life settlements industry deserve the reputation it is acquiring?
• Determining the most effective strategies for winning the publicity war

4:00 Transitioning To The Tertiary Market: Implications For Providers, Brokers And Investors

• Measuring saturation levels: How much of the market has been settled out?
• Determining what the effects will be on market dynamics as saturation approaches 100%
• What does the tertiary market look like? What kinds of companies will achieve dominance?
• Understanding what the implications of a transitioning market will be for providers, brokers and investors

Rocky Roland
CFA, Founder
Alternative Investment Services

4:45 The Future of Longevity Markets and the Need for Investor Education

• Demographic and economic drivers for longevity risk, and reverse equity transactions
• Translating institutional interest into transaction dollars
• Understanding why so many institutional investors decide to pass on the market - and what market participants should do about it
• Examining the need to for investor education - and determining what form this education should take

Vishaal Bhuyan
Portfolio Manager & Principal
LifeQuant Capital

6:30 End Of Day 1