Welcome Funds retains Life Markets Compliance, LLC (LMC) as its third party provider of legal, regulatory and compliance services. It is in conjunction with LMC that we are able to provide these life settlement regulation updates. For more specific information on the course discussed below, including the registration process and detailed location information, please access the link below:

• Course to Satisfy Illinois' New Mandatory State Educational Requirements

Illinois Viatical Settlements

The Illinois "Viatical Settlements Act of 2009" (note: Illinois uses the term "viatical" as opposed to "life") is effective 7/1/10. Application and registration forms have not been published yet and rules to help clarify and to provide guidance regarding the Act have not been released. However, specific information regarding the broker requirement to complete a four (4) hour pre-licensing course is available. As a reminder, producers, in order to operate as a viatical settlement broker, need to submit the applicable registration form and a) be licensed as producers in Illinois (and licensed in their home state for at least one year); and b) complete the above referenced training. Entity producers are eligible to receive their broker license as well by being licensed in Illinois (as a provider) and fulfilling the one year requirement discussed above. In addition, such entities may need to have their designated brokers complete the course - it is not 100% clear at this time – even though the law states that registration of an entity authorizes all partners, officers, members and designated employees to act as brokers.

The required course is being offered by the Society of Financial Service Professionals for a fee of $150 for members and $180 for non-members at the following locations:

• May 25, 2010 — Marriott Courtyard O'Hare, Des Plaines, IL
• May 26, 2010 — Doubletree Hotel, Bloomington, IL
• June 23, 2010 — Stoney Creek Inn Conference Center, Moline, IL
• June 24, 2010 — The Lodge Des Peres, Des Peres, MO

Life Markets Compliance, LLC

The firm was originally formed to assist existing and potential life settlement brokers navigate the complex industry with their licensing, regulatory and contractual needs. The firm has a number of fee-based services available, including helping applicants become licensed in various states like Illinois. LMC can serve as the primary provider of compliance services or as a secondary complement and extension to established compliance, legal and/or licensing departments. For more information, please call 561-826-0371 or e-mail Jeff Deutsch at jdeutsch@lifemarketscompliance.com.

Welcome Funds, Inc ("WFI") and Life Markets Compliance, LLC ("LMC") are providing the above Compliance Alert as a reference only and are not issuing a representation as to its accuracy. The information should not be considered official State material. WFI and LMC both encourage all parties accessing the above information to independently confirm the extent and nature of their own requirements with each applicable Department of Insurance (or equivalent division) and/or State law. WFI and LMC are both not liable for any action or inaction taken due to reliance upon the information above.