Investment in Life Settlements (Tables)

9 Months Ended

Sep. 30, 2012

Investments, All Other Investments [Abstract]

The following table describes the Company’s investment in life settlements as of September 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	3	12,266		20,000
3-4	1	2,932		5,000
4-5	3	13,133		30,000
Thereafter	249	143,145		1,616,013
Total	256	$	171,476	$	1,671,013


(1)	The Company determined this fair value based on 166 policies out of the 256 policies as of September 30, 2012, as the Company assigned no value to 90 of the policies as of September 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 September 30, 2012, are as follows:



(Amounts in Thousands)	Premiums Due on Life Settlement Contracts		Premiums Due on Premium Finance Loans		Total
2012	$	26,967	$	502	$	27,469
2013	28,316		478		28,794
2014	30,156		613		30,769
2015	33,015		1,131		34,146
2016	44,570		1,022		45,592
Thereafter	473,533		15,905		489,438
Total	$	636,557	$	19,651	$	656,208