The weighted average life expectancy calculated based on death benefit of insureds in the policies owned by the Company at December 31, 2013 was 11.6 years. The following table describes the Company’s investments in life settlements as of December 31, 2013 (dollars in thousands):
|
Remaining Life Expectancy (In Years) |
Number of Life Settlement Contracts |
Fair Value |
Face Value |
|||||||||
|
0-1 |
— | $ | — | $ | — | |||||||
|
1-2 |
— | — | — | |||||||||
|
2-3 |
6 | 8,489 | 16,875 | |||||||||
|
3-4 |
10 | 14,171 | 38,100 | |||||||||
|
4-5 |
8 | 13,529 | 40,250 | |||||||||
|
Thereafter |
588 | 266,772 | 2,859,665 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Total |
612 | $ | 302,961 | $ | 2,954,890 | |||||||
|
|
|
|
|
|
|
|||||||
The weighted average life expectancy calculated based on death benefit of insureds in the policies owned by the Company at December 31, 2012 was 10.6 years. The following table describes the Company’s investments in life settlements as of December 31, 2012 (dollars in thousands):
|
Remaining Life Expectancy (In Years) |
Number of Life Settlement Contracts |
Fair Value |
Face Value |
|||||||||
|
0-1 |
— | $ | — | $ | — | |||||||
|
1-2 |
— | — | — | |||||||||
|
2-3 |
1 | 1,222 | 2,500 | |||||||||
|
3-4 |
4 | 3,319 | 11,450 | |||||||||
|
4-5 |
7 | 11,375 | 30,950 | |||||||||
|
Thereafter |
202 | 97,525 | 1,028,256 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Total |
214 | $ | 113,441 | $ | 1,073,156 | |||||||
|
|
|
|
|
|
|
|||||||