• Filing Date: 2020-07-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Life Settlements (Life Insurance Policies) - Narrative (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 04, 2019
USD ($)
contract
May 31, 2020
USD ($)
contract
May 31, 2019
USD ($)
May 31, 2020
USD ($)
contract
May 31, 2019
USD ($)
Nov. 30, 2019
USD ($)
contract
Financial Instruments Owned and Pledged as Collateral [Line Items]            
Investment in life settlements fair value           $ 1,297
Proceeds from maturity of life settlements $ 12,700          
Legal fees   $ 203 $ 725 $ 1,112 $ 720  
White Eagle            
Financial Instruments Owned and Pledged as Collateral [Line Items]            
Number of life insurance policies canceled | contract 2          
Proceeds from maturity of life settlements $ 2,000          
Sun Life            
Financial Instruments Owned and Pledged as Collateral [Line Items]            
Investment in life settlements fair value $ 163,500          
Number of life insurance policies canceled | contract 31          
Proceeds from maturity of life settlements $ 36,100          
Gain on disposal of life insurance policies 743          
Legal fees $ 10,600          
Sun Life | White Eagle            
Financial Instruments Owned and Pledged as Collateral [Line Items]            
Number of policies owned | contract 28          
Investment in life settlements fair value $ 141,500          
Number of life insurance policies in receivable for maturity | contract 1          
Receivable from maturity of life insurance contracts $ 10,000          
Payments for sale of life insurance contracts 13,400          
Sun Life | Emergent Capital, Inc.            
Financial Instruments Owned and Pledged as Collateral [Line Items]            
Investment in life settlements fair value $ 12,000          
Number of life insurance policies canceled | contract 2          
Proceeds from maturity of life settlements $ 12,700          
Sun Life | Wilmington Trust            
Financial Instruments Owned and Pledged as Collateral [Line Items]            
Payments for sale of life insurance contracts $ 10,000          
WE Investment            
Financial Instruments Owned and Pledged as Collateral [Line Items]            
Number of policies owned | contract   513   513    
Investment in life settlements fair value   $ 2,400,000   $ 2,400,000    
Life insurance policies with aggregate death benefit   $ 2,410,376   $ 2,410,376    
Weighted average life expectancy on death benefits insured       6 years 8 months 18 days    
WE Investment | White Eagle | Subsidiaries            
Financial Instruments Owned and Pledged as Collateral [Line Items]            
Number of policies owned | contract   0   0   2
Investment in life settlements fair value   $ 0   $ 0   $ 1,297
Life insurance policies with aggregate death benefit   $ 0   $ 0   $ 12,000
Weighted average life expectancy on death benefits insured           11 years 4 months 24 days