From: Richard Kahn To: "jeffrey E." <[email protected]> Subject: Re: Meeting with Michael Liebeskind Date: Thu, 16 Jul 2015 12:42:27 +0000 Attachments: PPVA_Overview.pdf; Registered_Insurance-Dedicated_Funds.pdf; Non- Registered_Insurance-Dedicated_Fund_Offerings.pdf gentleman who i was referred to from Paul Morris regarding single premium and variable annuities Begin forwarded message: From: Michael Liebeskind Subject: Annuities Date: June 19, 2015 at 11:35:06 AM EDT To: Richard Kahn < Rich, Here is some preliminary information you can share with your client who is considering a deposit of $25 - $50 million into either an Immediate Annuity or a Private Placement Variable Deferred Annuity: Immediate Annuity: -- the monthly payout for a $25 million deposit, payable for the lifetime of a 62 year-old male, would be approximately $127,500. -- the monthly payout for a $50 million deposit, payable for the lifetime of a 62 year-old male, would be approximately $255,000. -- the monthly payout will be lower if you want to guarantee that the full $25 or $50 million deposit is reimbursed (either in a lump sum or over time) if the 62 year-old male dies prematurely. -- we will want to conduct a pricing auction to assure the best possible monthly payout. The insurance companies are constantly changing their pricing factors, and a deposit of this size will require a multi-insurance company portfolio (which you would want anyway in order to diversify the credit risk). Private Placement Variable Deferred Annuity: -- here is a link to a brief video that explains the basics of a Private Placement Variable Deferred Annuity: http://vimeo.comMingedkeelgroupippvainvestmentaccounts Password: PPVA2015 PPVA Overview (attached): This document is a simple one-page summary of a PPVA Investment Account. Under IRC Section 72, an investment account administered by an insurance company qualifies for deferral of investment gains from current period taxation. PPVA Investment Accounts should be considered when the client's objectives are: 1) deferral of income taxes on investment allocations to asset classes that would otherwise be highly tax-inefficient, and/or 2) optimization of the value that will ultimately be bequeathed to a private foundation or public charity. -- Registered Insurance-Dedicated Funds (attached): Each of the major life insurance companies in the domestic PPVUL and PPVA Investment Account markets offer a substantial number of 1940 Act registered IDFs providing daily liquidity and covering a wide range of traditional asset classes. The attached lists summarize the registered IDFs available for allocation with John Hancock, Pacific Life, and Prudential (which offer PPVUL Investment Accounts only) along with Philadelphia Financial Group and Zurich (which offer both PPVUL and PPVA Investment Accounts). -- Non-Registered Insurance-Dedicated Funds (attached): In addition to the registered IDFs, each of the major domestic life insurance companies in the PPVUL and PPVA Investment Account markets also offer a select group of non-registered IDFs, which have more restrictive liquidity terms and cover alternative asset classes. The attached lists summarize: EFTA00851188

-- The IDFs currently available for allocation, and -- The IDFs that are currently in development. Michael Michael Liebeskind S in Group, Inc. 212-527-8098 (fax) www.wmgedkeel.com Please note that the information provided is given with the understanding that Winged Keel Group, Inc. does not engage in the practice of law or accounting, or give legal, accounting, tax, or actuarial advice. You are advised to seek counsel in these areas from your appropriate advisors. CONFIDENTIALITY NOTICE: This transmission may contain confidential information intended only for the use of the intended recipient(s). If you are not an intended recipient, please notify the sender immediately and delete this message from your system. Securities offered through M Holdings Securities, Inc., a Registered Broker/Dealer, Member FINRA/SIPC. Winged Keel Group is independently owned and operated. Richard Kahn HBRK Associates Inc. tel l fa ce On Jul 16, 2015, at 8:40 AM, jeffrey E. <jeevacationggmail.com> wrote: remin me who he is? On Thu, Jul 16, 2015 at 8:37 AM, Richard Kahn < wrote: please advise if you would like this meeting on annuities next Tuesday at 11 or 11:30am thank you Richard Kahn tel EFTA00851189