1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

DECLARATION OF BRIAN P. BROSNAHAN IN SUPPORT OF PLAINTIFFS’ MOTION FOR CLASS

CERTIFICATION

Case No. CV 10-9198 JVS (RNBx)

KASOWITZ, BENSON, TORRES & FRIEDMAN LLP

101 CALIFORNIA STREET, SUITE 2300

SAN FRANCISCO, CALIFORNIA 94111

KASOWITZ, BENSON, TORRES & FRIEDMAN LLP CHARLES N. FREIBERG (SBN 70890) BRIAN P. BROSNAHAN (SBN 112894) JACOB N. FOSTER (SBN 250785) 101 California Street, Suite 2300 San Francisco, California 94111 Telephone: (415) 421-6140 Facsimile: (415) 398-5030

LEVINE & MILLER HARVEY R. LEVINE (SBN 61879) CRAIG A. MILLER (SBN 116030) LEVINE & MILLER 550 West C Street, Suite 1810 San Diego, CA 92101-8596 Telephone: (619) 231-9449 Facsimile: (619) 231-8638

Attorneys for Plaintiffs JOYCE WALKER, KIM BRUCE HOWLETT, and MURIEL SPOONER, on behalf of themselves and all others similarly situated

UNITED STATES DISTRICT COURT

CENTRAL DISTRICT OF CALIFORNIA

JOYCE WALKER, KIM BRUCE HOWLETT, and MURIEL SPOONER, on behalf of themselves and all others similarly situated,

Plaintiffs,

v.

LIFE INSURANCE COMPANY OF THE SOUTHWEST, a Texas corporation,

Defendant.

CLASS ACTION

CASE NO.: CV 10-9198 JVS (RNBx)

Formerly Case No.: 3:10-cv -04852 JSW from Northern District of California

DECLARATION OF BRIAN P. BROSNAHAN IN SUPPORT OF PLAINTIFFS’ MOTION FOR CLASS CERTIFICATION

Judge James V. Selna

Date: September 10, 2012 Time: 1:30 p.m. Courtroom: 10C

BPB 1

Case 2:10-cv-09198-JVS -RNB Document 241 Filed 05/31/12 Page 1 of 5 Page ID #:9830

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

DECLARATION OF BRIAN P. BROSNAHAN IN SUPPORT OF PLAINTIFFS’ MOTION FOR CLASS

CERTIFICATION

Case No. CV 10-9198 JVS (RNBx)

1

KASOWITZ, BENSON, TORRES & FRIEDMAN LLP

101 CALIFORNIA STREET, SUITE 2300

SAN FRANCISCO, CALIFORNIA 94111

1. I am an attorney authorized to practice in the courts of California and

in the United States District Court for the Central District of California. I am a

partner of Kasowitz, Benson, Torres & Friedman, LLP, counsel for Plaintiffs in

these proceedings. I have personal knowledge of the facts stated herein and if

required could and would testify under oath thereto.

2. Attached hereto as Exhibit A is a description of the Proposed Class

and Subclasses.

3. Attached hereto as Exhibit B is a true and correct copy of a letter from

Jonathan A. Shapiro, Esq., counsel for Life Insurance Company of the Southwest

(“LSW”), to Brian P. Brosnahan, Esq., dated March 5, 2012.

4. Attached hereto as Exhibit C is a true and correct copy of a letter from

James Lux, Esq., counsel for LSW, to Brian P. Brosnahan, Esq., of Kasowitz,

Benson Torres & Friedman LLP, dated September 13, 2011.

5. Attached hereto as Exhibit D is a true and correct copy of a

SecurePlus Paragon Annual Statement for Plaintiff Kim Bruce Howlett, Bates

numbered LSW00001084-LSW00001088, dated September 26, 2008.

6. Attached hereto as Exhibit E is a true and correct copy of a S.A.L.E.

Field Compliance Guide for the National Life Group, Bates numbered

LSW00018575-LSW00018610.

7. Attached hereto as Exhibit F is a true and correct copy of a Life

Insurance Illustration, Bates numbered LSW00045475-LSW00045505, dated June

23, 2009.

8. Attached hereto as Exhibit G is a true and correct copy of an Excel

spreadsheet entitled “SecurePlus Paragon Other Charges,” Bates numbered

LSW00102303.

9. Attached hereto as Exhibit H is a true and correct copy of an Excel

spreadsheet entitled “SecurePlus Provider Other Charges,” Bates numbered

LSW00102311.

BPB 2

Case 2:10-cv-09198-JVS -RNB Document 241 Filed 05/31/12 Page 2 of 5 Page ID #:9831

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

DECLARATION OF BRIAN P. BROSNAHAN IN SUPPORT OF PLAINTIFFS’ MOTION FOR CLASS

CERTIFICATION

Case No. CV 10-9198 JVS (RNBx)

2

KASOWITZ, BENSON, TORRES & FRIEDMAN LLP

101 CALIFORNIA STREET, SUITE 2300

SAN FRANCISCO, CALIFORNIA 94111

10. Attached hereto as Exhibit I is a true and correct copy of an email

Bates numbered LSW-E00034422-LSW-E00034424, dated September 20, 2006.

11. Attached hereto as Exhibit J is a true and correct copy of an email

Bates numbered LSW-E00037050-LSW-E00037052, dated September 20, 2006.

12. Attached hereto as Exhibit K is a true and correct copy of an email

chain, Bates numbered LSW-E00065754-LSW-E00065755, dated September 12,

2007.

13. Attached hereto as Exhibit L is a true and correct copy of an email

chain, Bates numbered LSW-E00070208-LSW-E00070209, dated June 24, 2009.

14. Attached hereto as Exhibit M is a true and correct copy of the

SecurePlus Provider Insurance Policy issued to Plaintiff Joyce Walker, Bates

numbered JW002838-JW002902, dated December 27, 2007.

15. Attached hereto as Exhibit N is a true and correct copy of a Life

Insurance Illustration prepared for Plaintiff Joyce Walker, Bates numbered

LSW00002329-LSW00002352, dated October 3, 2007.

16. Attached hereto as Exhibit O is a true and correct copy of the

SecurePlus Paragon Insurance Policy issued to Plaintiff Muriel Spooner, Bates

numbered HS00027-HS000086, dated October 5, 2007.

17. Attached hereto as Exhibit P is a true and correct copy of a Life

Insurance Illustration prepared for Plaintiff Muriel Spooner, Bates numbered

LSW00001984-LSW00002007, dated July 27, 2007.

18. Attached hereto as Exhibit Q is a true and correct copy of excerpts

from the deposition of Stephanie Burmester taken on May 1, 2012.

19. Attached hereto as Exhibit R is a true and correct copy of excerpts

from the deposition of Matthew DeSantos taken on November 14, 2011.

20. Attached hereto as Exhibit S is a true and correct copy of excerpts

from the deposition of Elizabeth MacGowan taken on October 31, 2011.

BPB 3

Case 2:10-cv-09198-JVS -RNB Document 241 Filed 05/31/12 Page 3 of 5 Page ID #:9832

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

DECLARATION OF BRIAN P. BROSNAHAN IN SUPPORT OF PLAINTIFFS’ MOTION FOR CLASS

CERTIFICATION

Case No. CV 10-9198 JVS (RNBx)

3

KASOWITZ, BENSON, TORRES & FRIEDMAN LLP

101 CALIFORNIA STREET, SUITE 2300

SAN FRANCISCO, CALIFORNIA 94111

21. Attached hereto as Exhibit T is a true and correct copy of excerpts

from the deposition of Victoria McDonald taken on May 2, 2012.

22. Attached hereto as Exhibit U is a true and correct copy of excerpts

from the deposition of Michael B. Richardson taken on May 3, 2012.

23. Attached hereto as Exhibit V is a true and correct copy of excerpts

from the deposition of Susan Rusnock taken on May 2, 2012.

24. Attached hereto as Exhibit W is a true and correct copy of LSW’s

Responses to Plaintiffs’ Second Set of Requests for Admission, dated February 23,

2012.

25. Attached hereto as Exhibit X is a true and correct copy of an exemplar

of a life insurance illustration produced by LSW as Bates numbers LSW00000159-

LSW00000170. This document was produced by LSW as part of (and is excerpted

from) a package submitted by LSW to the California Department of Insurance

(“DOI”) in 2005 in connection with the introduction of the Provider policy. As

shown by a comparison with the Provider illustration given to Plaintiff Joyce

Walker, the exemplar illustration submitted to the DOI omits any reference either to

(1) the Account Value Enhancement that purportedly begins in Year 10 of the

policy, or (2) the reduction in the Monthly Administrative Charge that purportedly

begins in Year 11. Compare Ex. X at LSW00000162 & LSW00000169, with Ex. N

at LSW00002336 & LSW00002349.

26. Attached hereto as Exhibit Y is a true and correct copy of an exemplar

of a life insurance illustration produced by LSW as Bates numbers LSW00000467-

LSW00000481. This document was produced by LSW as part of (and is excerpted

from) a package submitted by LSW to the California DOI in 2006 in connection

with the introduction of the Paragon policy. As shown by a comparison with the

Paragon illustration given to Plaintiff Muriel Spooner, the exemplar illustration

submitted to the DOI omits any reference either to the reduction in the Monthly

BPB 4

Case 2:10-cv-09198-JVS -RNB Document 241 Filed 05/31/12 Page 4 of 5 Page ID #:9833

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

DECLARATION OF BRIAN P. BROSNAHAN IN SUPPORT OF PLAINTIFFS’ MOTION FOR CLASS

CERTIFICATION

Case No. CV 10-9198 JVS (RNBx)

4

KASOWITZ, BENSON, TORRES & FRIEDMAN LLP

101 CALIFORNIA STREET, SUITE 2300

SAN FRANCISCO, CALIFORNIA 94111

Administrative Charge that purportedly begins in Year 11. Compare Ex. Y at

LSW00000480, with Ex. P at LSW00002004.

27. Attached hereto as Exhibit Z is Plaintiffs’ Trial Plan in Support of

Plaintiffs’ Motion for Class Certification.

28. Attached hereto as Exhibit AA is a table, “Table 1A,” depicting the

impact of S&P 500 volatility on the policy value of Plaintiff Muriel Spooner.

29. Attached hereto as Exhibit BB is a table, “Table 1B,” depicting the

impact of S&P 500 volatility on the policy value of Plaintiff Muriel Spooner.

30. Counsel for Plaintiffs recently became aware of Maraldo, et al. v. Life

Insurance Company of the Southwest, United States District Court for the Northern

District of California, Case No. 11-CV-4972-YGR, filed October 7, 2011.

Plaintiffs presume that LSW would have filed a Motion to Transfer if it believed

this putative class action presented the same claims alleged here. Plaintiffs

understand that Maraldo involves a different type of insurance policy (universal

life) and is a vanishing premium case based on oral representations. Maraldo v.

Life Insurance Co. of the Southwest, U.S. Dist. LEXIS 45572, at *17-18 (N.D. Cal.

Mar. 30, 2012).

Dated: May 14, 2012 KASOWITZ, BENSON, TORRES & FRIEDMAN LLP

By: /s/ Brian P. Brosnahan Brian P. Brosnahan

BPB 5

Case 2:10-cv-09198-JVS -RNB Document 241 Filed 05/31/12 Page 5 of 5 Page ID #:9834