Exhibit 4.1


 


[FACE OF CERTIFICATE]


 


INSURANCE INCOME STRATEGIES, LTD.,


 


an exempted company with limited liability
registered under the laws of Bermuda


 


8% NON-CUMULATIVE PREFERRED SHARES, SERIES
A,     $0.001 par value per share


 


	
        CUSIP NO. [   ]

         

        CERTIFICATE NO.         
	 	See the attached Reverse of Certificate for certain definitions


 


 


This Certifies that                 
SPECIMEN          is the registered owner of       
SPECIMEN  FULLY PAID 8% NON-CUMULATIVE PREFERRED SHARES, SERIES A, $0.001 par value per share (“Shares”),
of INSURANCE INCOME STRATEGIES, LTD., an exempted company limited by shares and registered under the laws of Bermuda (the “Company”),
transferable on the books of the Company by the holder hereof in person or by duly authorized attorney upon surrender of this Certificate
properly endorsed. This Certificate and the Shares represented hereby are issued under and shall be subject to all the provisions
of the Bye-Laws of the Company and the Certificate of Designation relating thereto approved by the Board of Directors (or an authorized
committee thereof) of the Company and any amendments thereto, copies of which are on file with the Transfer Agent, to all of which
the holder by acceptance hereof assents. This Certificate is not valid until countersigned and registered by the Transfer Agent
and Registrar.


 


WITNESS the seal of the Company and the facsimile signatures
of its secretary and a duly authorized officer.


 


Dated:  SPECIMEN


 


 


	                         SPECIMEN	 	                         SPECIMEN
	Secretary	 	Authorized Officer


 


 


COUNTERSIGNED AND REGISTERED:    [    ],   
as TRANSFER AGENT AND REGISTRAR


 


	By:	                       SPECIMEN	 	 
	 	 	 	 
	 	Authorized Signature	 	 


 






    	 



     


    

 


[REVERSE OF CERTIFICATE]


 


The following abbreviations, when used in
the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:


 


 


 


	TEN COM - as tenants in common	 	UNIF GIFT MIN ACT or U/G/M/A - Uniform Gifts to Minors Act
	TEN ENT - as tenants by the entireties	 	 
	JT TEN - as joint tenants with right of survivorship and not as tenants in common	 	 


 


 


                   
Additional abbreviations may also be used though not in the above list.


 


For Value Received, _________________  hereby sell, assign
and transfer unto_____________________________________ [                                                                 ]
(Please insert social security number or other identifying number of assignee and print or typewrite name and address including
postal code of assignee)


 


____________________________________________ Shares represented
by the within Certificate, and do hereby irrevocably constitute and appoint


 


_________________________________________Attorney to transfer
the said Shares on the books of the within named Company with full power of substitution in the premises.


 


Dated_________________


 


 


 


______________________________________________ NOTICE: THE SIGNATURE
TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION
OR ENLARGEMENT OR ANY CHANGE WHATEVER.


 


Signature(s) Guaranteed:


 


_______________________________________________ THE SIGNATURE(S) MUST
BE GUARANTEED BY AN ELIGIBLE INSTITUTION (BANKS, STOCKBROKERS, SAVINGS ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN ANY APPROVED
SIGNATURE GUARANTEE MEDALLION PROGRAM).


 


KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN,
MUTILATED OR DESTROYED, THE COMPANY WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.