IFT Description — Imperial Holdings Inc
Imperial Holdings is a holding company. Through its subsidiaries, Co. owned a portfolio of 607 life insurance policies as of Dec 31 2014, also referred to as life settlements. The life insurance policies in Co.'s portfolio were acquired through a combination of policy surrenders or foreclosures in satisfaction of loans issued under its finance business, direct policy purchases from the original policy owners (the secondary market) and from purchases of policies owned by other institutional investors (the tertiary market). Co. primarily earns income on these policies from changes in their fair value and through death benefits.