• Filing Date: 2020-07-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Life Settlements (Life Insurance Policies) (Tables)
6 Months Ended
May 31, 2020
Investments, All Other Investments [Abstract]  
Schedule of Life Settlements
The weighted average life expectancy calculated based on death benefit of insureds in the policies owned by the Company at November 30, 2019 was 11.4 years.

Remaining Life Expectancy (In Years)*
Number of Life Settlement Contracts
 
Fair Value
 
Face Value
0-1

 
$

 
$

1-2

 

 

2-3

 

 

3-4

 

 

4-5

 

 

Thereafter
2

 
1,297

 
12,000

Total
2

 
$
1,297

 
$
12,000

At May 31, 2020, there were 513 policies in the White Eagle portfolio with death benefits of approximately $2.4 billion and the weighted average remaining life expectancy calculated based on death benefit of the insureds in the policies was 6.7 years.

Remaining Life Expectancy (In Years)*
Number of Life Settlement Contracts
 
Face Value
0-1
9

 
$
40,445

1-2
25

 
93,167

2-3
33

 
134,785

3-4
58

 
293,448

4-5
50

 
219,114

Thereafter
338

 
1,629,417

Total
513

 
$
2,410,376


*Based on remaining life expectancy at May 31, 2020, as derived from reports of third party life expectancy providers, and does not indicate the timing of expected death benefits.