# ASC 325-30-45: Investments—Other — Investments in Insurance Contracts — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/325/30/#45-other-presentation-matters)

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## ASC 325-30-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/325/30/#45-other-presentation-matters)

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### Life Settlement Contracts

#### Statement of Financial Position

##### [325-30-45-1](https://asc.understandingaccounting.org/asc/325/30/#325-30-45-1)

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An investor shall report its investments that are remeasured at fair value on the face of the statement of financial position separately from those accounted for under the investment method. To accomplish that separate reporting, an investor shall do either of the following:

1.  a
    
    Display separate line items on the statement of financial position for the fair value method and investment method carrying amounts
    
2.  b
    
    Present the aggregate of those fair value method and investment method carrying amounts and parenthetically disclose the amount of those investments accounted for under the fair value method included in the aggregate amount.

#### Income Statement

##### [325-30-45-2](https://asc.understandingaccounting.org/asc/325/30/#325-30-45-2)

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The investor shall classify the amount recognized upon the death of the insured in accordance with paragraph [325-30-35-9](https://asc.understandingaccounting.org/asc/325/30/#325-30-35-9) in earnings (or other performance indicators for entities that do not report earnings).

##### [325-30-45-3](https://asc.understandingaccounting.org/asc/325/30/#325-30-45-3)

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An investor shall report the investment income from its investments in life settlement contracts that are remeasured at fair value on the face of the income statement separately from the investment income from those accounted for under the investment method. To accomplish that separate reporting, an investor shall do either of the following:

1.  a
    
    Display separate line items on the income statement for the investment income from the investments in life settlement contracts that are accounted for under the fair value method and investment method
    
2.  b
    
    Present the aggregate of the investment income in life settlement contracts and parenthetically disclose the investment income from those investments accounted for under the fair value method that are included in the aggregate amount.

##### [325-30-45-4](https://asc.understandingaccounting.org/asc/325/30/#325-30-45-4)

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An investor applying the fair value method shall account for premiums paid and life insurance proceeds received on the same financial reporting line as the changes in fair value are reported.

#### Statement of Cash Flows

##### [325-30-45-5](https://asc.understandingaccounting.org/asc/325/30/#325-30-45-5)

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An investor shall classify cash receipts and cash payments related to life settlement contracts in accordance with Topic 230, based on the nature and purpose for which the life settlements were acquired.