Testimonials: First National Bank of Waverly, Iowa

First National Bank Waverly

June 2, 2005


To Whom It May Concern:

This letter is to recommend Executive Benefits Network. I hired Joe Jones and his staff at EBN to administer the benefit plan for our bank. Upon analyzing and reviewing our then-current benefit plan structure, Joe recommended that we purchase a Northwestern Mutual Bank-Owned Life Insurance product to maximize our return on our investment and fund the benefit plan. He explained the risks associated with this type of product and made sure that we understood what other products were out there to serve the same purpose.

After careful review by the Board of Directors of the bank, we decided to purchase the Bank-Owned Life Insurance from Executive Benefits Network. We have been extremely pleased with the product’s performance and anticipate great returns in the future.

From square one, Joe and his staff were honest, attentive and understood our needs as if we had been clients for years. EBN makes sure that their clients are kept up to date on all of the latest rules and regulations of the trade that might affect current and future purchases. I have been impressed with the professionalism that EBN shows throughout the process. I would recommend them highly.


Sincerely,

Jeff Plagge
President & CEO

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