INVESTMENTS IN POLICIES (Tables)

3 Months Ended

May 31, 2013

The table below describes the Investments in Policies account at May 31, 2013.

Policies With Remaining Life Expectancy (in years)	Number of Life Settlement Contracts		Carrying Value		Face Value
0-1		1	$	3,506	$	18,182
1-2		-		-		-
2-3		14		686,247		969,345
3-4		4		45,117		227,992
4-5		8		71,413		134,883
Thereafter		137		1,500,574		5,108,487
Total		164	$	2,306,857	$	6,458,889

Estimated Premiums to be Paid to Keep Life Settlement Contracts in Force

Estimated premiums to be paid for each of the five succeeding fiscal years to keep the life settlement contracts in force as of May 31, 2013, are as follows.

Year 1	$	224,778
Year 2		250,953
Year 3		304,665
Year 4		276,456
Year 5		251,734
Thereafter		1,833,501
Total estimated premiums	$	3,142,087

- Definition

Tabular disclosure of life settlement contracts based on the remaining life expectancy for each of the first five succeeding years from the date of the statement of financial position and thereafter, as well as in the aggregate including: (a) the number of life settlement contracts, (b) the carrying value of the life settlement contracts, and (c) the face value (death benefits) of the life insurance policies underlying the contracts, and (d) the life insurance premiums anticipated to be paid for each of the five succeeding fiscal years to keep the life settlement contracts in force as of the date of the most recent statement of financial position presented.

+ References+ Details