Peggy S. Wallace is founder, C.E.O. and Chairman of the Board of Affirmative Lifestyles, Inc., a company which she established in 1989 to engage in the business of transacting life insurance settlements. She is the author of two books and has been a frequent contributor to professional journals. Mrs. Wallace is an accomplished speaker on financial topics and the recipient of numerous professional awards. Mrs. Wallace founded ALI Funding, Inc. in 1994 to engage in the funding of life insurance settlements.

Mrs. Wallace's articles have appeared in Texas Lawyer, The National Underwriter, Best's Review and Life Insurance Selling. In November, 1997, Mrs. Wallace received an award for a paper submitted to the national conference on "Personal Finance Employee Education Best Practices and Collaborations" sponsored by Virginia Tech University.

Mrs. Wallace began her career in financial services in 1979 and she has acquired extensive experience in the various aspects of financial planning. She has provided financial planning services for professionals, corporate executives, and business owners. Mrs. Wallace is the author of Financial Crossroads, a personal financial self-help manual.

Mrs. Wallace received her Bachelor of Arts Degree in Mathematics from the University of South Florida. She earned her designation as a Certified Financial Planner in 1983 and was recognized as one of the leading financial planners in the

United States

by Money Magazine.

Tom Wallace, Secretary and General Counsel for ALI, is responsible for assisting in the management of the life settlement business, including establishing and implementing company policies and procedures. In addition Mr. Wallace provides legal, regulatory, and administrative supervision of the activities of the company.

Mr. Wallace is a licensed attorney and member of the State Bar of Texas. Mr. Wallace received his Bachelor of Science degree from the University of Florida in 1973, his Juris Doctorate from St. Mary's University School of Law in 1980 and was admitted to the State Bar of Texas in 1981. Mr. Wallace is a member of the American Bar Association, Financial Planning Association and holds both securities and insurance licenses.

Dr. Tom Frommer joined The ALI Group in 1997 after serving in the ministry since 1966, having served as Executive Pastor of Overland Park Christian Church in Kansas. Tom has seen families suffer with severe illnesses of loved ones only to have financial needs compound their suffering. Tom's large church experience provided him with extensive administrative, organizational and leadership skills that have added important dimensions to the ALI management team.

Tom's leadership abilities are too numerous to list. However, a sample of several diverse projects that Tom has led include: a major relief effort in Jamaica following Hurricane Gilbert, revitalization of the Historic Northeast Area of Kansas City that resulted in Tom being named the first director of its Chamber of Commerce and leadership of the first Stephens' Ministry regional training program outside of St. Louis.

Dr. Frommer received his Doctor of Ministry degree from Lexington Theological Seminary and his Masters Degree from Central Baptist Theological Seminary.

Katherine E. Guttman, Vice President/Executive Services

Kathy Guttman, Director of Customer Relations for Affirmative Lifestyles, joined the company in 1998. Mrs. Guttman came to ALI with extensive marketing expertise gained from more than twenty years’ experience in management and sales. From 1991 to 1998, Mrs. Guttman was affiliated with a national real estate franchise organization as a business consultant to franchisees and later in franchise sales where she achieved national recognition for sales achievement.

From 1987 through 1991, Mrs. Guttman owned and operated Repco Management Company, a real estate management company. During this period, Mrs. Guttman managed, renovated and marketed for resale over one thousand properties, both commercial and single-family residential units, held in the foreclosure inventories of various banks and mortgage companies in San Antonio, Texas and the surrounding areas.

Prior to 1987, Mrs. Guttman gained valuable experience in management, public relations and sales through affiliations with companies in Chicago and Cleveland. Mrs. Guttman has completed business, public relations and management courses at Winnetka Community College, Winnetka, Illinois and at San Antonio College in San Antonio, Texas.

Ann Stevens, Vice President/Information Systems

Ann Stevens manages the Information Systems Department for ALI. Mrs. Stevens possesses extensive, diverse, long term experience and expertise in database analysis, design, and programming. She has completed customized design projects in a wide range of industries. Ann's professional employment experience includes: over ten years as System Engineer for IBM in New York City and Detroit, Michigan, with major awards and commendations for outstanding service; Systems Analyst for the FDIC in San Antonio, Texas where she also received a superior performance award.

Mrs. Stevens is the owner of Creative Databases, a business she established in 1985. Creative Databases has provided computer consulting, programming, and training services to The ALI Group since 1993. Since 2001, Ann has been engaged full time by The ALI Group. Ann earned an MBA, with honors, from Columbia University, New York and a Bachelor of Science degree, with honors, from Pennsylvania State University.

Carol J. Hansen, Vice President/Negotiations (Finance)

Carol Hansen directs ALI's Policy Negotiation Department and joined The ALI Group in 1991. Carol has been responsible for policy administration and underwriting for ALI, as well as numerous other aspects of the life settlements business. Currently, Carol is responsible for policy reviews, procuring medical records, applicant and funding client communication, tracking of all settlors whose policies have been purchased by ALI and making sure that policies remain in force by the timely payment of premiums.

Mrs. Hansen's career over the past thirty years has included a wide variety of experiences. Her employment has included working for the State of Utah Apprenticeship Council to establish training programs for various vocations and working for the United States Air Force in the Inspector General's office. Prior to joining The ALI Group, Mrs. Hansen worked for the Non-Commissioned Officers Association. Her duties have encompassed all aspects of administrative services ranging from correspondence, phone communication, accounting, and supervision.

Dick Fleener, Chairman of the Executive Advisory Committee for ALI, joined the Company in 1994, after a long career in the Group Pension Division of a major life insurance company. Mr. Fleener has responsibility for development of the underwriting guidelines governing the acquisition of policies by ALI, as well as long-term strategic planning.

Mr. Fleener is a 1957 graduate of Cornell College, Mt. Vernon, Iowa, where he received both his B.A. in History and B.S. in Economics. He has also received management training through the American Management Association, Chicago, Illinois. Mr. Fleener has served as a speaker and lecturer for the National Association of Life Underwriters.