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Life Insurance Policies (Tables)
 3 Months Ended
Mar. 31, 2020
Insurance [Abstract]  
Trust's life insurance policies grouped by remaining life expectancy The following tables summarize the Trust's life insurance policies grouped by remaining life expectancy as of March 31, 2020 and December 31, 2019:
As of March 31, 2020:
Remaining Life Expectancy (Years)Number of Life Insurance Policies
Face Value
Fair Value
0-1—  $—  $—  
1-21  46,395  33,134  
2-37  6,641,466  2,144,809  
3-474  96,706,937  24,381,542  
4-5193  421,423,814  87,342,134  
Thereafter2,595  599,760,266  64,920,725  
2,870  $1,124,578,878  $178,822,344  

As of December 31, 2019:
Remaining Life Expectancy (Years)Number of Life Insurance Policies
Face Value
Fair Value
0-1—  $—  $—  
1-21  46,395  32,546  
2-35  4,956,008  1,243,470  
3-479  106,480,951  26,699,382  
4-5194  401,541,262  81,093,500  
Thereafter2,617  616,520,712  63,173,836  
2,896  $1,129,545,328  $172,242,734  
Estimated premiums to be paid by the Trust for its portfolio
Estimated premiums to be paid by the Trust for its portfolio during each of the five succeeding calendar years and thereafter as of March 31, 2020, are as follows:
2020$49,279,936  
202167,254,447  
202263,434,679  
202358,438,802  
202450,742,670  
Thereafter192,225,170  
Total$481,375,704