{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/30/#30-initial-measurement","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"325","topic_title":"Investments—Other","subtopic":"325-30","subtopic_title":"Investments in Insurance Contracts","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"325-30-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_B415CBB1-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A policyholder shall consider any additional amounts included in the contractual terms of the policy in determining the amount that could be realized under the life insurance contract. </span></span> </div> </div>","snippet":"A policyholder shall consider any additional amounts included in the contractual terms of the policy in determining the amount that could be realized under the life insurance contract.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbca5daff716d7917767d7de025fccb1e62d53868b236aad6a4d699dcc22c744","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}},{"citation":"325-30-30-1A","para":"30-1A","html":"<div class=\"asc-body\"><div class=\"norm-text\">An entity also shall apply the measurement guidance in paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/325/30/#325-30-35-5\" class=\"xref\">325-30-35-5 through 35-7</a></div> at initial measurement.</div> </div>","snippet":"An entity also shall apply the measurement guidance in paragraphs 325-30-35-5 through 35-7 at initial measurement.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b88f3363d5c4c8ca34036768bbcefac366decd064ecf592877ba77d43369c7fd","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c71fd331139093c59cda9ce4632c764ee5c0a3739f2b5547ae0ddfe71f349096","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}},{"block":null,"heading":"Exchange of Mutual Membership Interests for Stock in a Demutualization","paragraphs":[{"citation":"325-30-30-1AA","para":"30-1AA","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_B415CD08-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Stock received from a demutualization shall be measured initially </span></span> <span class=\"sfragment\" id=\"sfr_B415CE1B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">at fair value. </span></span> </div> </div>","snippet":"Stock received from a demutualization shall be measured initially at fair value.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:87af7f4f70c21d5f098a0f7e6c38c56db4259978ecf3ef2547f850a9a4ae8a8b","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4dc4a6c0cf13c0ddd4160ed6328e8eed282fec8526395769fa6b9e9f7cf8cf5a","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}},{"block":"Life Settlement Contracts","heading":null,"paragraphs":[{"citation":"325-30-30-1B","para":"30-1B","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/maintenance-updates-2018/\" class=\"xref\">Paragraph superseded by Maintenance Update 2018-02</a>.</div></div>","snippet":"Paragraph superseded by Maintenance Update 2018-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b59a826bb4d6768823f8dc8e80c707897b8d8fadeba3079842a6c5f73756302","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e229968cda1b16d9a4c3b295a347cfb4f2ee178e1af271953aab110b8a3e89d","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}},{"block":"Life Settlement Contracts","heading":"Investment Method","paragraphs":[{"citation":"325-30-30-1C","para":"30-1C","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_B40A45BF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Under the investment method, an investor shall measure its investment in a <a href=\"/glossary/l/#life-settlement-contract\" class=\"term\" title=\"A life settlement contract is a contract between the owner of a life insurance policy (the policy owner) and a third-party investor (investor), and has all of the following characteristics: The investor does not have an insurable interest (an interest in the survival of the insured, which is required to support the issuance of an insurance policy). The investor provides consideration to the policy owner of an amount in excess of the current cash surrender value of the life insurance policy. The contract pays the face value of the life insurance policy to an investor when the insured dies.\"><span>life settlement contract</span></a> initially at the transaction price plus all initial direct external costs. </span></span></div></div>","snippet":"Under the investment method, an investor shall measure its investment in a life settlement contract initially at the transaction price plus all initial direct external costs.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d3d19b54e8d293a2b9c28ce343fb506e8a5ccf06132ca9bc237439f997f14be2","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:058f7083fe52f039b8c7ad7a8dd95ee2575697f8c4b0730b9105750c9d0f3b08","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}},{"block":"Life Settlement Contracts","heading":"Fair Value Method","paragraphs":[{"citation":"325-30-30-2","para":"30-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_B40A47C2-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Under the fair value method, an investor shall measure its investment in a life settlement contract initially at the transaction price. </span></span></div></div>","snippet":"Under the fair value method, an investor shall measure its investment in a life settlement contract initially at the transaction price.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63e5b91db731e98a01d50a6afa5071b61c57dab454de82629dcea30230114c04","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c29d62db1ae79578ae122a2495879a78d24d6a782d59e08ddaa7b1a43dce146d","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc2c07c6cb51aecfd4a1b022fc907d9b3660f05b3e11d4ebd927621146f5c93c","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc2c07c6cb51aecfd4a1b022fc907d9b3660f05b3e11d4ebd927621146f5c93c","downloaded_from":"2026-09-09T23:44:09.665Z","last_downloaded_at":"2026-09-09T23:44:09.665Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481583","source_sha256":"5270c4edcf771969c24153714694231831bc364056326b2672227bce4dc67a74"}}