Subject: Project Blue Collar
From: "Neil Callahan \(Rosemont Seneca\)" <[email-masked]>
To: <[email-masked]>, "Hunter Biden" <[email-masked]>, <[email-masked]>
Date: Thu, 7 Jul 2011 10:43:37 -0400

Hi guys,

I was wondering if we can schedule some time on the 18th or 19th when we are
together for RSTP to discuss Project Blue Collar. A gentleman from
Ticonderoga would join to walk us through the structure. (see attached).

The basic idea is to provide an alternative investment structure to Unions
that allows them to provide a life insurance benefit to their members while
creating investment gains to fund long term pension liabilities.

The product structure has been sold into two Police Unions and the team is
looking for additional distribution to Union decision makers.

The basic premise is the Union provides a pool of 1,000 or more lives to
insure against.  Each Union member would receive a free death benefit of
$10k on a $100k policy and the balance of the proceeds of that policy goes
towards funding the premiums and provides a 22%+ rate of return back to the
Union Pension fund.

A placement fee on a deal like this would be $1-1.5m, so it could be
something we might want to consider.  This may also be something we could
support indirectly and pass onto to people like Chuck and Mike to rep
directly and we participate in that fashion.  But Chris Teas from
Ticonderoga would be much better able to explain the product and how it
works.

Let me know if this is something you would like to take a look at if you
want to have a meeting about in sometime on the 18th or 19th.

Best,

Neil

 

Neil Callahan

Rosemont Seneca Partners

401 Greenwich Street, Suite 400

New York, New York 10013

212-796-4037 (o)

917-945-9516 (m)

866-749-8879 (f)