LIFE SETTLEMENT POLICIES (Tables)

3 Months Ended

Mar. 31, 2026

Investments, All Other Investments [Abstract]

Schedule of Life Settlement Contracts, Fair Value Method

The following tables summarize the Company’s life insurance policies grouped by remaining life expectancy as of March 31, 2026:


Remaining Life Expectancy (Years)	Policies	Face Value		Net Death Benefit		Fair Value
0-1	60	$	46,982,796	$	44,994,259	$	37,731,191
1-2	118	133,401,574		132,000,341		90,727,510
2-3	129	173,112,796		180,300,272		109,728,918
3-4	93	101,302,190		99,159,681		50,559,677
4-5	85	82,922,765		79,927,357		39,457,540
Thereafter	171	189,946,015		187,410,340		64,566,027
Total	656	$	727,668,136	$	723,792,250	$	392,770,863

The following tables summarize the Company’s life insurance policies grouped by remaining life expectancy as of December 31, 2025:


Remaining Life Expectancy (Years)	Policies	Face Value		Net Death Benefit		Fair Value
0-1	56	$	37,289,219	$	38,364,635	$	31,591,831
1-2	107	145,413,973		136,961,406		95,037,912
2-3	172	220,587,453		233,422,730		138,986,632
3-4	103	102,158,681		101,592,187		47,674,052
4-5	104	96,790,034		90,018,094		38,562,604
Thereafter	259	461,508,314		458,781,779		117,004,898
Total	801	$	1,063,747,674	$	1,059,140,831	$	468,857,929

Schedule of Life Settlement Contracts, Investment Method

The following tables summarize the Company’s life insurance policies grouped by remaining life expectancy as of March 31, 2026:


Remaining Life Expectancy (Years)	Policies	Face Value		Net Death Benefit		Carrying Value




4-5	1	$	750,000	$	750,000	$	455,425
Thereafter	2	875,000		898,307		475,928
	3	$	1,625,000	$	1,648,307	$	931,353

The following tables summarize the Company’s life insurance policies grouped by remaining life expectancy as of December 31, 2025:


Remaining Life Expectancy (Years)	Policies	Face Value		Net Death Benefit		Carrying Value




4-5	1	$	750,000	$	750,000	$	444,987
Thereafter	2	875,000		898,307		473,318
Total	3	$	1,625,000	$	1,648,307	$	918,305

Estimated premiums to be paid by the Company for its portfolio accounted for using the investment method during each of the five succeeding calendar years and thereafter as of March 31, 2026, are as follows:


2026 remaining	$	39,790
2027	53,214
2028	11,946



Total	$	104,950

Estimated premiums to be paid by the Company for its portfolio accounted for using the investment method during each of the five succeeding calendar years and thereafter as of December 31, 2025, are as follows:


2026	$	52,837
2027	53,214
2028	11,946



Total	$	117,997