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OTHER ASSETS

12 Months Ended

Dec. 31, 2020

9. OTHER ASSETS

Other assets included the following amounts at December 31, 2020 and 2019:


	2020		2019

	(Dollars in thousands)
Cash surrender value of life insurance	$	18,447	$	17,681
Amortizable intangible assets, net (See Note 8)		1,206		1,439
Investment in real estate		2,173		2,189
Other		2,175		2,365
Total other assets	$	24,001	$	23,674

The Company has five life insurance policies on current and former executives. Upon death of the insured executives, the approximate death benefit the Company would receive is $18.2 million in aggregate as of December 31, 2020.

On May 1, 2013, the Company purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. The building, which is classified as an investment in real estate in the above table, serves as the Company’s Canadian office and distribution center. The purchase was accounted for as an equity-method investment under ASC 323, Investments – Equity Method and Joint Ventures, and continues to be accounted for under the equity method of accounting.