Life Settlements (Life Insurance Policies) (Tables)

9 Months Ended

Sep. 30, 2015

Investments, All Other Investments [Abstract]

The following table describes the Company’s life settlements as of September 30, 2015 (dollars in thousands):



Remaining Life Expectancy (In Years)	Number of Life Settlement Contracts	Estimated Fair Value		Face Value
0 - 1	—	$	—	$	—
1 - 2	9	21,516		32,307
2 - 3	20	52,926		95,122
3 - 4	19	29,638		70,309
4 - 5	25	33,129		96,406
Thereafter	561	320,601		2,703,759
Total	634	$	457,810	$	2,997,903

The weighted average life expectancy calculated based on death benefit of insureds in the policies owned by the Company at December 31, 2014 was 10.7 years. The following table describes the Company’s life settlements as of December 31, 2014 (dollars in thousands):



Remaining Life Expectancy (In Years)	Number of Life Settlement Contracts	Estimated Fair Value		Face Value
0-1	—	$	—	$	—
1-2	4	9,227		12,728
2-3	10	23,202		45,852
3-4	16	29,531		67,735
4-5	19	23,012		65,614
Thereafter	558	303,914		2,739,137
Total	607	$	388,886	$	2,931,066

Estimated Premiums To Be Paid

Estimated premiums to be paid for each of the five succeeding fiscal years to keep the life insurance policies in force as of September 30, 2015, are as follows (in thousands):




Remainder of 2015	$	16,292
2016	68,891
2017	75,602
2018	78,260
2019	85,030
Thereafter	1,110,449
	$	1,434,524