Investment in Life Settlements (Tables)

6 Months Ended

Jun. 30, 2012

The following table describes the Company’s investment in life settlements as of June 30, 2012:

(Amounts in Thousands, except number of Life Settlement Contracts) Expected Maturity Term in Years	Number of Life Settlement Contracts		Fair Value ⁽¹⁾		Face Value
0-1		—	$	—	$	—
1-2		—		—		—
2-3		1		6,755		10,000
3-4		3		8,182		15,000
4-5		3		13,581		30,000
Thereafter		242		122,574		1,551,013
Total		249	$	151,092	$	1,606,013

⁽¹⁾

The Company determined this fair value based on 162 policies out of the 249 policies as of June 30, 2012, as the Company assigned no value to 87 of the policies as of June 30, 2012.

Premiums to be Paid for Each of Five Succeeding Fiscal Years to keep Life Insurance Policies in Force

Premiums to be paid for each of the five succeeding fiscal years to keep the life insurance policies in force as of June 30, 2012, are as follows:

(Amounts in Thousands)	Premiums Due on Life Settlement Contracts		Premiums Due on Premium Finance Loans		Total
2012	$	27,596	$	702	$	28,298
2013		28,713		576		29,289
2014		30,748		725		31,473
2015		32,259		1,279		33,538
2016		50,730		1,256		51,986
Thereafter		551,851		20,431		572,282
Total	$	721,897	$	24,969	$	746,866