Lifetime Receiver H. Thomas Moran II, Receiver of LifeTime Capital, Inc.

21Nov/06Off

On November 9, 2006, the Court issued an Order approving an initial partial distribution of $10,000,000. Checks were mailed to investors with court approved claims on November 17, 2006 (funds were escrowed for all other accounts).

If your investment was made with tax-qualified funds, you will receive a letter that states the amount of funds sent to the custodian of your Individual Retirement Account (such as Sterling Trust Company, Equity Trust, etc.). Please contact the custodian with any questions regarding these funds.

The Receiver and his staff are continuing to review the remaining Claims. As more claims are approved by the Court, we will make initial partial distributions to those investors in a timely manner.

Please note that funds were released ONLY to those investors whose Investment and Premium Claims have been APPROVED by the Court. There are approximately 400 claims that the Receiver's office is still processing. If you did not receive a check, and have already submitted a claim, you probably have been contacted by the Receiver'­s staff for additional information. Please return any requested information or documentation as soon as possible. If you have not been contacted, and you have questions about the status of your claim, please contact our office. You can call 405-607-2722, or you can send an email inquiry to lifetimereceiver@heritagegroup.us.

Once all submitted claims have been approved, and remaining claims issues resolved, the Receiver will seek approval from the Court for a subsequent distribution of sale proceeds. The Receiver anticipates that this distribution will occur sometime in 2007, but the timing and the amount cannot by estimated or guaranteed at this time.

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2Nov/06Off

Confirmation of Investors'­ Claims Packets. We are still in the process of verifying the investors' claims packets with the information contained in the LifeTime Capital, Inc.'­s database and files. Many of you have called regarding the slow process involved. This is due to several factors, mainly the vast amount of documentation that must be reviewed and verified. Additionally, the Court requires the Claim forms to be accurately completed by the correct investor, beneficiary or estate representative. Unfortunately, many claims received have not been initially filled out correctly, resulting in the Receiver having to spend additional time assisting investors with their claims.

As of this date, 2031 claims have been confirmed, and either approved by the Court or expected to be approved in the near future. It should also be noted that there are still approximately 430 investors who have not returned their claims packets. If you are an investor, or a family member of a deceased investor, please make every effort to submit your claim forms to the Receiver's office so that we can submit your claims and supporting documentation to the Court as soon as possible and you can receive any distributions that may be made.

The Receiver is currently in the process of requesting that the Court allow the Receiver to send an initial partial distribution by the end of the 2006 calendar year to all investors whose claims have been confirmed and approved by the Court. At this point, since the Receiver'­s office still has over 400 claims to process, the exact amount that will be distributed to each investor is unknown. The Receiver will continue to process investor claims and, as claims are confirmed, will submit those claims to the court for approval so that partial distributions can be made periodically. The Receiver wants to assure all investors that we are working diligently to process all claims received. If you have questions regarding the distribution, PLEASE DO NOT CALL. This will greatly assist us in being able to process and confirm your claims as quickly as possible.

Jordan Policy Investors Only. The Receiver has been in the process of disbursing funds to the Jordan Policy investors over the last few months. Although initially there was a database issue causing some problems, we have resolved those problems. Those of you who have returned your Mutual and Reciprocal Releases should have already had your checks processed or they will be processed as soon as possible.

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