EEA Life Settlements Fund

Transcription

1 EEA Fund Management (Guernsey) Limited EEA Life Settlements Fund Portfolio Statistics as at 30 September 2012 Valuation of the net asset value of all classes of participating shares in EEA Life Settlements Fund PCC Limited is currently suspended. This document is being directed only at those persons referred to in the regulatory information and notice at the end of this document. Other persons should not act or rely upon it in any circumstances.

2 Policy Split by Illness Coronary Atherosclerosis 11.31% CAD 8.15% Congestive Heart Failure 5.82% Multiple Myeloma 5.49% Hypertension 4.33% Breast Cancer 3.99% Lung Cancer 3.83% Colon Cancer 3.66% Dementia 3.49% Diabetes II 2.83% Prostate Cancer 2.66% Alzheimer's 2.16% COPD 2.16% Atrial Fibrillation 2.00% Renal Cancer 1.50% Renal Insufficiency 1.50% Atherosclerosis 1.33% Myocardial Infarction 1.33% Ovarian cancer 1.33% Bladder Cancer 1.16% Alcoholism 1.00% Cardiovascular 1.00% Gastrointestinal Tract 1.00% Rectal Cancer 1.00% Other (Below 1%) 26.05%

3 Policy Split by State of Issue Number of Policies by State of Issue 39.76% CA FL MI NJ NY TX Other (below 4%) Net Death Benefit by State of Issue 35.44% 6.16% CA FL MI NJ NY Other (below 4%) 18.87% 11.48% 18.14% 8.32% 18.95% 10.42% 11.48% 4.66% 10.61% 5.71% State Number Policy Net Average Net of Policies Death Benefit Death Benefit AL % $569, % $284, AR % $877, % $438, AZ % $29,331, % $1,222, CA % $268,144, % $2,460, CO % $14,915, % $1,657, CT % $12,321, % $2,464, DC % $1,500, % $1,500, DE % $24,500, % $3,062, FL % $150,153, % $2,176, GA % $34,857, % $2,904, ID % $200, % $200, IL % $56,458, % $3,763, IN % $4,200, % $840, KS % $500, % $500, KY % $152, % $152, LA % $1,222, % $305, MA % $16,907, % $1,300, MD % $14,103, % $2,350, ME % $1,500, % $1,500, MI % $80,865, % $2,888, MN % $45,874, % $3,822, MO % $4,293, % $4,293, MS % $1,200, % $600, NC % $21,503, % $2,150, ND % $2,000, % $2,000, NE % $14,804, % $2,467, NH % $750, % $750, NJ % $147,507, % $2,950, NM % $2,000, % $2,000, NV % $2,500, % $833, NY % $266,976, % $3,869, OH % $23,455, % $1,563, OK % $250, % $250, OR % $9,601, % $1,600, PA % $14,060, % $703, RI % $20,334, % $10,167, SC % $22,500, % $2,500, SD % $10,638, % $3,546, TN % $15,258, % $1,173, TX % $30,624, % $827, VA % $18,451, % $2,635, WA % $16,599, % $1,844, WI % $8,821, % $2,205, WV % $850, % $425, WY % $1,000, % $1,000, Totals: 601 $1,415,135,824.10

4 Policy Split by Policy Type Policy Number Policy Net Type of Policies Death Benefit Flexible Premium % $463,803, % Group Term Life % $216, % Term % $43,348, % Universal Life % $879,311, % Variable Universal Life % $8,530, % Whole Life % $19,926, % Totals % $1,415,135, % Flexible Premium Group Term Life Term Universal Life Variable Universal Life Whole Life Number of Policies by Policy Type 1.33% 4.83% 59.40% 21.80% 0.33% 12.31% Definitions Whole of Life Universal Life Variable Universal Life Flexible Premium Term Group Term Life Premium is fixed and stated in the policy document. Whole life policy. Premiums are flexible but there is a minimum premium, to maintain life cover, stated in the policy document. Premiums are fixed for a defined term. Premiums go up to a stated premium after the term expires or the policy can be converted to Universal Life Policy. Premiums are stated in the policy document. Fund must buy term of at least 9 years dependent on the Life Expectancy (see Offering Memorandum). Net Death Benefit by Policy Type 0.60% 1.41% 32.77% Flexible Premium Group Term Life Term Universal Life Variable Universal Life Whole Life 62.14% 0.02% 3.06%

5 Policy Split by Age Age Number Net Death Range of Policies Benefit < % $1,489, % % $15,821, % % $35,440, % % $60,364, % % $182,058, % % $763,927, % % $356,034, % >= % % $1,415,135, % Number of Policies Split by Age < >= % 0.67% 4.16% 8.32% 30.95% 10.65% 13.48% Average Age Net Death Benefit Split by Age 0.11% 1.12% < >= % 2.50% 4.27% 12.87% 53.98% Weighted Average Age 84.40

6 Policy Split by Net Death Benefit NDB Number Net Death Range of Policies Benefit < $0.5M % $37,467, % $0.5M - $0.99M % $60,576, % $1.0M - $2.49M % $206,270, % $2.5M - $4.99M % $228,779, % $5.0M - $7.49M % $353,291, % >= $7.5M % $528,750, % Totals % $1,415,135, % Net Death Benefit Range Split by Number of Policies 11.15% 8.32% 27.79% 10.98% < $0.5M $0.5M - $0.99M $1.0M - $2.49M $2.5M - $4.99M $5.0M - $7.49M >= $7.5M 25.29% 16.47% Net Death Benefit Range Split by Net Death Benefit 37.36% 2.65% 4.28% 14.58% 16.17% < $0.5M $0.5M - $0.99M $1.0M - $2.49M $2.5M - $4.99M $5.0M - $7.49M >= $7.5M 24.97%

7 Policy Split by Insurance Company Insurance Number of Policy Net Company of Policies Asset Value Insurance Number of Policy Net Company of Policies Asset Value Alfa Life % $69, % Allianz Life % $1,429, % Allstate Life % $369, % American Family Life % $324, % American General Life % $107,188, % American National % $28,722, % American United Life % $221, % Americo Financial % $215, % Aviva Life Insurance Co % $10,060, % AXA % $83,070, % Bankers Life % $935, % Banner Life % $6,823, % Beneficial Life Insurance Company % $185, % Canada Life % $356, % CIGNA % $218, % Columbus Life % $7,691, % Commonwealth Annuity % $7,558, % Companion % $1,694, % Connecticut General Life % $246, % Conseco Life % $3,689, % Continental Assurance Company % $5,096, % Farmers New World % $77, % Federated Life % $505, % FEGLI % $790, % First Penn-Pacific Life % $124, % General American Life % $1,763, % Genworth % $7,536, % Golden Rule Life % $933, % Great American Life % $283, % Guardian % $2,358, % Hartford Life & Annuity % $2,389, % HM Life Insurance % $96, % Indianapolis Life % $2,156, % ING % $19,249, % ING ReliaStar Life % $5,689, % Jackson National % $1,031, % Jefferson Pilot % $4,649, % John Hancock % $150,335, % Life Investors Co of America % $275, % Lincoln Benefit % $39,375, % Lincoln Financial % $35,048, % Lincoln Life & Annuity % $14,333, % Lincoln National % $97,821, % Mass Mutual % $19,736, % MetLife % $12,907, % Midland National % $2,139, % Minnesota Life % $334, % MONY Life Insurance % $4,963, % National Benefit Life % $421, % Nationwide % $4,229, % New England Financial % $2,373, % New York Life % $13,781, % North American Company % $5,669, % Northwestern Mutual Life % $4,838, % Pacific Life % $26,397, % Penn Mutual % $7,579, % Phoenix % $20,553, % Primerica % $270, % Principal Financial Group % $1,113, % Protective Life Ins % $6,552, % Provident Life % $2,969, % Prudential % $15,653, % Reassure America Life % $6,459, % Reliastar % $570, % RiverSource Life Insurance % $373, % Security Life of Denver % $13,756, % State Farm Life % $803, % Sun Life Assurance % $16,459, % Surety Life % $213, % The Hartford % $6,409, % Thrivent Financial % $851, % Transamerica % $56,998, % Transamerica Occ % $20,711, % Union Central Life % $13,009, % United of Omaha % $4,639, % Unum Life Insurance Company of America % $81, % US Financial Life % $448, % US Life of NY % $612, % USAA Life % $268, % West Coast Life % $12,381, % Western Reserve Life % $490, % William Penn % $978, % Wilton Reassurance Life % $259, % Note: Total Net Death Benefit (Sum Assured) is $1,415,135,824.10

8 Policy Split by Life Expectancy (LE) Remaining Months to Life Expectancy LE Range Net Death Benefit Net Death Benefit Months with Original LE with Adjusted LE* <= 12 $525,846, % $227,909, % $388,486, % $388,128, % $275,044, % $312,513, % $133,519, % $262,924, % $80,976, % $131,946, % $10,762, % $80,513, % $10,700, % >= 85 $500, % $500, % $1,415,135, % $1,415,135, % LE Range Split by Net Death Benefit 0.76% Net Death Benefit with Adjusted LE* 0.76% 0.04% 9.44% 5.72% 9.32% 5.69% 16.11% 37.16% Months <= % 27.45% Months <= >= % 22.08% 27.43% Weighted Average LE Months Weighted Average Adjusted LE Months * Adjusted LE. LEs have been adjusted to reflect how each policy is valued. As such, those policies that have not reached LE are shown on a LE+12 months basis and those that have gone beyond LE are shown with the revised LE. This material is being issued by EEA Fund Management (Guernsey) Limited (which is licensed by the Guernsey Financial Services Commission to carry on the restricted activities of promotion, subscription, dealing, management, advising and administration in connection with Category 1 Collective Investment Schemes and Category 2 General Securities and Derivatives under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended), and has been approved by EEA Fund Management Limited (which is authorised and regulated by the Financial Services Authority ( FSA")). EEA Life Settlements Fund PCC Limited (the Fund or EEA Life Settlements Fund ) is an unregulated collective investment scheme as contemplated by the Financial Services and Markets Act 2000 and, as such, its marketing in the UK is restricted. It may be promoted by a UK authorised person only to (i) investment professionals under Article 14 of the FSMA 2000 (Promotion of Collective Investment Schemes)(Exemptions) Order 2001 (the "Order"); (ii) high net worth companies, unincorporated associations, etc under Article 22 of the Order; or (iii) to any other person to whom it may legally be promoted under the Order or the FSA Rules. This document may not be given to any other person. Persons considering investing in the Fund should always seek their own independent advice from an FSA authorised firm and base their decision on the Fund s Offering Memorandum and Supplements which amongst other things set out the risk factors. Nothing contained in this note is to be construed as providing or offering investment, legal, accounting, tax or other advice and nothing should be relied on as such. The value of investments may go down as well as up and may be affected by changes in rates of exchange. Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, express or implied, is made regarding performance. Investments in the Fund do not provide capital guarantees like a deposit account and are not readily accessible. The rules on taxation can change and/or the tax treatment of the Fund could be challenged. It is expressly agreed that while all reasonable efforts have been made to ensure this document is accurate and up to date, no representations or warranties, either express or implied, are given as to the reliability, accuracy or completeness of the information contained in this note. Any opinions expressed are judgments at the time of writing and are subject to change without notice. To the extent permitted by law or regulation, no liability is accepted for any damage or loss, including without limitation loss of profit whether direct, indirect or consequential, in respect of the use of this material.