Biography

Biography
Professional and Political Experience
Education
Honors and Awards
Published Articles/Studies of Chris Orestis

Chris Orestis is a 15 year veteran of both the insurance and long term care industries. His career began with senior positions on a number of political campaigns before working in 1993 and 1994 for both the White House and the Senate Majority Leader on Capitol Hill. From that point, he spent the next several years representing the health and life insurance industry as Vice President and Senior Vice President respectively for the Health Insurance Association of America (HIAA) and the American Council of Life Insurers (ACLI). In 1999, he was awarded the Robert R. Neal Medal by HIAA for distinction and service to the industry. His family is very prominent in the long term care industry as the largest owner/operator of nursing homes in the State of Maine and one of the top 50 in the United States. Chris, president and founder of Life Care Funding Group, is an acknowledged national expert on insurance and long term care issues, is a frequent speaker, featured columnist and Contributing Editor to a number of industry publications, including: National Underwriter, Insurance News Net, On the Risk, Society of Actuaries, HealthDecisions, ProducersWEB, ISIS, and InsuranceIntell. His Blog on senior living issues (www.lifecarefunding.com/blog) has become one of the more popular forums on the internet about the impact of the economy and politics on seniors and their housing and long term care needs. Chris Orestis can be reached at 888-670-7773 or by email at chris@lifecarefunding.com.

Professional and Political Experience

Life Care Funding Group, Portland, ME
Founder and President
National Consumer Funding Solution company specializing in the Senior Housing and Long Term Care Industry

Brought the use of life settlements and death benefit conversions into long term care benefits to over 2,500 senior care facilities across U.S. using the LCFG program with customers
Created national brand with dominant market position in long term care funding
Significant media exposure and nationally recognized industry leader with positive examples of secondary market helping seniors and consumers
Instrumental in consumer disclosure law in the state of Maine and with NCOIL's adoption of a legislative model for national adoption of consumer disclosure

Marketing and Business Development Consultant, Portland, ME
Founder and President
Business Development, Marketing/PR, Research and Underwriting Operations

Parameds.com (PDC) and Global Insurance resources (GIR) -- Heading up all marketing, public relations, and business development activities for PDC's core business lines and expanded the company into outsourced underwriting services by building, staffing, and managing new business units:
1. Attending Physician Statement (APS) Review and Summaries
2. Remote Underwriting and Tele-Underwriting
3. Life Expectancy Underwriting
4. Life Settlement Underwriting and Operations

American Council of Life Insurers (ACLI), Washington, DC
Senior Vice President of Development (2001-2003)
Leading trade group for the life insurance and financial security industry

Managed division with 15 staff, seven-figure budget and responsibility for revenue programs including industry-vendor strategic partnership programs, membership recruitment and services, and industry conferences.

Health Insurance Association of America (HIAA), Washington, DC
Vice President of Membership and Development (1998-2000)
Director of External Affairs (1996-1998)
Leading trade group for health insurance and managed care industry

Managed department of 8 staff, seven-figure budget and responsibility for industry coalition building and grass-roots political action.
Advanced to responsibility for revenue programs including industry-vendor strategic partnership programs, membership recruitment and services, and industry conferences.

American Clinical Laboratory Association (ACLA), Washington, DC
Director of Government Relations (1995-1996)
Leading trade group for clinical laboratory and pharmaceutical industry

Directed government relations including lobbying, grass-roots political action, fundraising, and PAC activities.

Office of the United States Senate Majority Leader, Washington, DC
Floor Staffer (1993-1995)
Leadership office of Senator George Mitchell

White House, Washington, DC
Advance Office, Presidential Transition (1993)
Administration of William Jefferson Clinton

Education

Boston University, School of Communications
Bachelor of Science in Public Relations and Marketing (1989)

Honors and Awards

Contributing Editor, the Journal of the Academy of Life Underwriting - On the Risk Magazine

Panel of Experts and Featured Contributor, InsuranceNewsNet

Contributing Editor, America's Health Insurance Plans (AHIP) – HealthDecisions

Contributing Editor and Columnist, ProducersWEB

Robert R. Neal Award (1999)
HIAA award to recognize staff dedication and excellence on behalf of the insurance industry

Curriculum Vitae of Christos Orestis III

Published Articles/Studies of Chris Orestis

National Conference of Insurance Legislators (NCOIL), Testimony on Consumer Disclosure Legislation
(July 9, 2010 - National Meeting, Boston, MA)
CBO Projection - Government budgets will not keep pace with consumer demand for long term care spending
(published July, 2010 - ProducersWEB)
Ask the Expert: Will a Life Settlement help pay Assisted Living expenses?
(published June, 2010 - National Underwriter)
Overcoming America's Long Term Care Crisis with Life Settlements
(published June, 2010 - Insurance News Net Magazine)
Electronic Medical Records: Resistance is Futile
(published March, 2010 - On the Risk)
Convergence of Life Settlements and Long Term Care: A Funding Solution Emerges
(published March, 2010 - Insurance News Net Online)
Life Expectancy Compression: The impact of moving into a long term care facility on length of life
(published October, 2009 - Insurance News Net Magazine)
Life Settlements: Legal Rights and Opportunities for Policy Owners
(published June, 2009 - New York State Bar Association Journal)
Legal Rights of a Life Insurance Policy Owner
(published April, 2009 - ProducersWEB)
The Long Term Care Crisis has Arrived
(published March, 2009 - On the Risk)
Life Settlements vs. STOLI: Let's Get the Debate Straight
(published December, 2008 - ProducersWEB)
Understanding the Differences between Stranger Owned Life Insurance (STOLI) and Life Settlements
(published December, 2008 - On the Risk)
Life Settlements vs. STOLI
(published December, 2008 - Insurance News Net Magazine)
Underwriting the "Silver Tsunami"
(published November, 2008 - ProducersWEB)
Alternative Pay Plan
(published October, 2008 - Assisted Living Executive (magazine of ALFA)
Economic Storms and Quality of Life in the Wake of the "Silver Tsunami"
(published September, 2008 - ProducersWEB, and ISIS)
WHITE PAPER - The Silver Tsunami
(published September, 2008)
The Silver Tsunami
(published August, 2008 - Insurance News Net Magazine cover story)
WHITE PAPER - Life Settlements: Looking for a Calm Financial Harbor in a "Perfect Storm"
(published June, 2008)
Underwriting in the 21st Century: Informals—Turning a Pain into Profits
(published June, 2008 - On the Risk, and InsuranceNewsNet, June, 2008, ProducersWEB, July, 2008)
Life Settlements: Protecting the Golden Goose
(published April, 2008 - Insurance News Net Magazine cover story)
Underwriting in the 21st Century: Exploring the Direct-to-Consumer Channel
(published September, 2007 - On the Risk, and InsuranceNewsNet, September, 2007, ProducersWEB, November, 2007, posted on SmartBrief)
Aging and Long-Term Care Insurance: A National Policy Perspective
(published August, 2007 - Society of Actuaries: Long Term Care Section Newsletter, and InsuranceNewsNet, September, 2007, ProducersWEB, September, 2007, posted on SmartBrief)
Underwriting in the 21st Century: Remote Underwriting Study 2007 (Underwriting in your Underpants)
(published June, 2007 - On the Risk)
Underwriting in the 21st Century: Understanding the Risks of Private Aviation
(published March, 2007 - On the Risk and InsuranceNewsNet, July, 2007 World News Network, July, 2007, ProducersWEB, October, 2007)
INDUSTRY STUDY- Underwriting in your Underpants: Remote Underwriting Study 2006-2007 (Released at 37th Annual MUD Meeting as reported by National Underwriter, January, 2007, and featured by Insurance News Net, January, 2007, InsureIntell, February, 2007, Hot Notes by Hank George, 2007, posted on SmartBrief)
Bringing Together the Pieces of the Insurance Puzzle by Understanding the Lifecycle of a Policy
(published February, 2007 - InsuranceNewsNet and HealthDecisions, InsureIntell, April, 2007, ProducersWEB, August, 2007)
Breaking Down Barriers Between Underwriting and Distribution
(published January, 2007 – InsuranceNewsNet and InsureIntell, February, 2007; ProducersWEB, July, 2007)
Overcoming the Underwriting Crunch through Outsourcing
(published January, 2007 – InsuranceNewsNet and InsureIntell, February, 2007)
Underwriting in the 21st Century: Life Outside the Home Office
(published December, 2006 - On the Risk and InsuranceNewsNet, March, 2007, ProducersWEB, August, 2007)
Underwriting in the 21st Century: Mastering the APS Paradox
(published September, 2006 - On the Risk and InsuranceNewsNet, February, 2007, InsureIntell, February, 2007, ProducersWEB, September, 2007)
Underwriting As A Profit Center: Bringing Together the Pieces of the Puzzle
(published June, 2006 - On the Risk)
How Insurance Companies Benefit from Professionally Summarized (APS) Attending Physician Statements
(published June, 2006 – InsuranceNewsNet and HealthDecisions)
Underwriting As A Profit Center or How I Survived The 21st Century
(published December, 2005 - On the Risk)

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