From: Jeffrey Epstein <[email protected]> To: Erika Kellerhals Subject: Fwd: PPPVUL Product Information Date: Tue, 09 Apr 2013 20:42:16 +0000 We might have an advantage in st Thomas Forwarded message From: Date: Tuesday, April 9, 2013 Subject: Fwd: PPPVUL Product Information To: Jeffrey Epstein <[email protected]> Below from Lou: This summarizes the opinion that they will write. I shared with Jeffrey that we have not completed our first deal(we have been in the market for 3 months) and they will write the opinion on each deal. We are happy to put him in touch with the specific attorney at Mayer Brown if he would like to speak with them. Sorry for any confusion but I believe that is what my partner Alan was attempting to say. I probably should have mentioned this to Jeffrey yesterday to avoid confusion. On Apr 9, 2013, at 2:50 PM, Jeffrey Epstein [email protected]> wrote: Tell him thAt they told me they had an opinion . This is not one On Tuesday, April 9, 2013, wrote: Below from Lou Kreisberg Sent from my iPhone Begin forwarded Subject: PPPVUL Product Information Jeffrey- As a follow up to our discussions, I wanted to share additional information on the Evergreen PPVUL policy with you. Summary information regarding a $1 billion investment in two different policies is attached. The first is a $500 million 7702(a) compliant policy (Kingswood), and the second is a $500 million 7702(g) compliant policy (Cedarwood). You'll see that breakeven is achieved in the year following issuance. By year 20, the after-tax value of the Evergreen policies exceeds taxable account performance by $1.4 billion ($3.8 billion vs. $2.4 billion). By year 30, the Evergreen policies outperform the taxable account by $3 billion ($7.4 billion vs. $3.4 billion). EFTA00958059