Some key benefits of investing in the Fund

The Returns from Life Policy investments (through Life Settlements) are generally not correlated with other investment markets (see below). The Responsible Entity considers that the size of the U.S. Life Settlements market, the U.S. regulatory controls, and other features, make Life Settlements an attractive investment:

	Uncorrelated returns - This means that the performance of the Life Policies will be based on the characteristics of the pool of the insured lives, and not on the performance of traditional markets, such as the stock market, the property market and the interest rate market.
	Benefit amount assured - This means the benefit payable on each policy is contractually fixed at the time of purchase.
	Non-contestability - The Fund only purchases Life Policies that have a non-contestability provision. Normally the Contestability Period is the first 2 years that the policy is in force.

For a full explanation of the benefits and risks of investing in the Fund please download a copy of the Product Disclosure Statement.


The Life Settlements Industry in the USA

	The estimated total value of life insurance policies in the USA is US$16.3 trillion.
	The potential secondary market for life settlements in the USA is close to US$100 billion face value.
	The Life Settlements industry is expected to continue to grow significantly over the next 10 years.

What is the return on investment?

	Investors can expect returns from the Fund will take either one or both of two forms: 1. Any variable movements in the Unit Price (possibly both positive and negative), which would be realised by an Investor on any redemption by them of Units held. Movements in the Unit Price are based on regular revaluations of the investments in the Fund (in particular the Life Policies owned by the Fund). 2. Payment of variable cash distributions from any Net Income of the Fund, which is derived from net profit on matured policies, net profit from sale of policies and any other incidental income from other cash-based investments.
	The Fund will pay a distribution from maturities, when available, and unit holders can choose to receive or reinvest these distributions.
	The Fund can calculate the value of the units at any time and will revalue the units at least monthly.