(“CGIS”), a wholly-owned subsidiary of CGP, has been involved in the life insurance market, as an agency, since the 1980’s and has been involved in the structural design side of the life insurance premium finance market for over five years. For the last several years, the traditional premium finance market(premium financing for all ages, individuals, and entities) has evolved at both the carrier level in product, capacity, and acceptance and at the agency level in creative application awareness and knowledge. Unfortunately, this has not occurred with the financing sources; i.e., banks and other finance entities (“Lenders”). The primary reason for a lack in lending capacity growth, or new structures, for premium financing is not because these lending practices create bad loans. Quite the opposite is the case. Historically, properly structured premium finance loans are fully secured, performing loans that are good business for Lenders. Unfortunately, with the current market turmoil, many Lenders who either are, or were, in the business have been forced to tighten their lending requirements, reducing or eliminating certain business lines in order to add to their reserves and in some cases forcing them out of the business all together. Given the current credit markets and drastically reduced lending activity, there is significant opportunity to secure a solid position in this potentially immense and highly profitable market; one of the primary reasons CGP has started the process to acquire or form an affiliated commercial bank. Furthermore, there are few specialists in this industry (CGP is currently working with most) who understand the overall market. Management has learned through experience that the vast majority of individuals who fit the target market (a net worth of $1 million or more) aren’t even aware that structured premium finance lending is available to them to assist in the purchase of needed life insurance coverage. With the right product structures, insurance company relationships, and trained agency force, this market represents over a billion dollars per year in potential revenue. CGIS understands this market, has the right relationships, and has designed several products, with multiple potential categories. CGIS is also contracted with multiple carriers, offering numerous additional insurance products, including Term, Universal, Index “Linked & Variable Life, as well as Fixed, Index Linked & Variable Annuities. All recommended Life Insurance Carriers meet the highest rating standards.  

 ♦  ♦  ♦  ♦  ♦