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About ELM Income Group^sm

The elmannuity.com website and the fixed annuity products described on the site were created after an extensive market research effort. The research was focused on benefit and compensation managers at large companies and annuity experts at consulting firms and other organizations. The objective was to solve the “annuity puzzle”: Why are individuals not buying fixed annuities when much financial research indicates that they are very valuable?

The number one reason identified was “lack of awareness and appreciation” of what a fixed annuity was and how it could be helpful to retirees. Because of this, elmannuity.com is committed to summarizing and publicizing the retirement research that makes the case for fixed annuities and their guarantees.

The lack of awareness about the value of fixed annuities is the reason why ELM Income Group^sm is encouraging employers to help educate retirees and employees about the role of these products, by raising awareness of the elmannuity.com website along with other sources of useful information.

The market research that resulted in elmannuity.com also identified other desirable features in the fixed annuity products themselves: ease of access to product information, consumer control in accessing a specialist, and more product flexibility. The ELM^sm annuities are intended to be responsive to these concerns and they will continue to change based on feedback that ELM receives.

JOHN TROHA

Christopher W. O’Flinn

Christopher W. O’Flinn (“Chris”) is President and majority owner of ELM Income Group, Inc., an independent insurance agency.

Chris also founded and owned the Coalition Purchasing Group, LLC (“CPG”), which brokered Long Term Care and Pharmacy Benefit Manager services, for 34 very large companies. CPG was sold to AON Corporation and now operates as the Coalition Purchasing Group of Aon.

Chris served as Vice President, Corporate Human Resources, at AT&T from March 2000 through 2003. He had responsibility for Compensation, Benefits, Labor Relations and the Medical Department working at the Company’s Headquarters in Bedminster, New Jersey.

Prior to the sale of CPG, Chris worked at Mobil Corporation for 26 years where he held senior positions in the Law Department and Human Resources area including Employee Relations Counsel and Corporate Manager of Compensation and Benefits.

Chris is a member of the National Academy of Social Insurance. He has also served in the following elected positions: Director (1987-2003) and Chairman (2002-2003) of ERIC (ERISA Industry Committee), Director (1987-2004) of the Employee Benefit Research Institute (EBRI), member of the Comptroller’s Advisory Board on Pensions for New York State (1987-2001), Director (1995-2006) and member of the Executive Committee(2000-2005) of the Employment Policy Foundation, Chairman of the Conference Board Research Council on Employee Benefits(1992-1993) and Board member and Treasurer (1991-1997) of the McLean School in Potomac, Maryland.

Chris received an A.B. from Fordham College and an L.L.M. (Taxation) and J.D. from New York University School of Law.

Felix Schirripa

Before joining ELM Income Group, Inc., Felix formed Financial Designs, LLC where he focused on the development of new products for the retirement and savings market.

Felix also worked at MetLife for over 25 years, most recently as Senior Vice President. During the last 15 years he had responsibility for developing, pricing, and servicing the various institutional insurance and investment-based products, including annuities, Stable Value, and other guaranteed products for DB and DC plans.

Felix holds a B.S. and M.S. in mathematics from Polytechnic Institute of Brooklyn. He is also a Fellow in the Society of Actuaries (F.S.A.) and a member of the American Academy of Actuaries.