{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/30/#50-disclosure","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":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"325-30-50-1","para":"50-1","html":"
A policyholder shall disclose contractual restrictions on the ability to surrender a policy.
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An investor shall disclose its accounting policy for life settlement contracts, including the classification of cash receipts and cash disbursements, in the statement of cash flows.
","snippet":"An investor shall disclose its accounting policy for life settlement contracts, including the classification of cash receipts and cash disbursements, in the statement of cash flows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a360eb8a7e5ce3c2120a5f60e9c8ee99f340d44c06c9f1beb14af1dd72a2b980","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}},{"citation":"325-30-50-3","para":"50-3","html":"
The disclosure requirements in this Subsection do not eliminate disclosure requirements included in other Topics, including other disclosure requirements on the use of fair value.
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An investor shall disclose all of the following for life settlement contracts accounted for under the investment method 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:
  1. a
    The number of life settlement contracts
  2. b
    The carrying value of the life settlement contracts
  3. c
    The face value (death benefits) of the life insurance policies underlying the contracts.
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An investor shall disclose 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.
","snippet":"An investor shall disclose 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 fin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a1cbb91f41f4f178ca274c8edc24d89bba68d510f677a95f779e850a72e2d1c","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}},{"citation":"325-30-50-6","para":"50-6","html":"
If the investor becomes aware of new or updated information that causes it to change its expectations on the timing of the realization of proceeds from the investments in life settlement contracts, the investor shall disclose the nature of the information and the related effect on the timing of the realization of proceeds from the life settlement contracts. This includes disclosing significant changes to the amounts disclosed in accordance with paragraph 325-30-50-4. However, an investor shall not be required to actively seek out new or updated information to update the assumptions used in determining the remaining life expectancy of the life settlement contracts.
","snippet":"If the investor becomes aware of new or updated information that causes it to change its expectations on the timing of the realization of proceeds from the investments in life settlement contracts, the investor shall dis…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b3aca283e51ce46be96f797927dcd283a3facd8b743eecdf904fd12794440eb1","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:045adc92d9e680f7c1e27ec16e2223ce15a374a4da7a00ecdbc8277561489a32","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}},{"block":"Life Settlement Contracts","heading":"Fair Value Method","paragraphs":[{"citation":"325-30-50-7","para":"50-7","html":"
An investor shall disclose the method(s) and significant assumptions used to estimate the fair value of investments in life settlement contracts, including any mortality assumptions.
","snippet":"An investor shall disclose the method(s) and significant assumptions used to estimate the fair value of investments in life settlement contracts, including any mortality assumptions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:884d7179e04ac859933b5556abe26c8babcda635f17d80430d4fe9f936cb365d","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}},{"citation":"325-30-50-8","para":"50-8","html":"
An investor shall disclose all of the following for life settlement contracts accounted for under the fair value method based on 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:
  1. a
    The number of life settlement contracts
  2. b
    The carrying value of the life settlement contracts
  3. c
    The face value (death benefits) of the life insurance policies underlying the contracts.
","snippet":"An investor shall disclose all of the following for life settlement contracts accounted for under the fair value method based on remaining life expectancy for each of the first five succeeding years from the date of the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ddd1cf91244f2acdcbcd2c1d0bb7d3d8689794754ddc4985d9e6993d842c4ef","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}},{"citation":"325-30-50-9","para":"50-9","html":"
The investor shall disclose the reasons for changes in its expectation of the timing of the realization of the investments in life settlement contracts. This includes disclosing significant changes to the amounts disclosed in accordance with paragraph 325-30-50-8.
","snippet":"The investor shall disclose the reasons for changes in its expectation of the timing of the realization of the investments in life settlement contracts. This includes disclosing significant changes to the amounts disclos…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f1a9a781cf1a636da548b219779eda9f26f1c8d5c89eb344e433a990beee2436","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}},{"citation":"325-30-50-10","para":"50-10","html":"
An investor shall disclose both of the following for each reporting period presented in the income statement:
  1. a
    The gains or losses recognized during the period on investments sold during the period
  2. b
    The unrealized gains or losses recognized during the period on investments that are still held at the date of the statement of financial position.
","snippet":"An investor shall disclose both of the following for each reporting period presented in the income statement:\n(a) The gains or losses recognized during the period on investments sold during the period\n(b) The unrealized …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de34aefacd88a572b146498e37245b7b235ba8311c26933eb83c228629e8c082","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9776f2cb0d9fa39e69824bbe6b5fb3410faebec5ae6c9ec8c532d718bd837ec9","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8179c833ee88977d5b66804cfb962c77b1a08948533f3118053c6ad458344db0","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8179c833ee88977d5b66804cfb962c77b1a08948533f3118053c6ad458344db0","downloaded_from":"2026-09-09T23:44:17.783Z","last_downloaded_at":"2026-09-09T23:44:17.783Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481463","source_sha256":"511eb813cd49641a0291cf97fc2cf5cf98610e3cc9ba7f7086758c6fbc14af3e"}}