Summary of Significant Accounting Policies Financial Statements (Tables)

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Deferred Policy Acquisition Costs [Table Text Block]

The components of DAC from year to year are summarized as follows:

Years ended December 31, (In thousands)	2019			2018		2017
Balance at beginning of period	$	155,747		167,063		167,790
Capitalization of deferred policy acquisition costs	22,255			22,695		29,120
Amortization of deferred policy acquisition costs	(28,268		)	(34,235	)	(29,690	)
Effects of unrealized (gains) losses	(485		)	224		(157	)
Balance at end of period	$	149,249		155,747		167,063

Schedule of Change in Accounting Estimate [Table Text Block]

The impact is reflected in the accompanying consolidated financial statements and summarized in the table below.

(In thousands)	2019			2018
Increase (Decrease)
Consolidated Balance Sheets
DAC	$	(1,396	)	(4,339	)
Future policy benefit reserves:
Life insurance	(2,299		)	(10,197	)
Consolidated Statements of Operations and Comprehensive Income (Loss)
Decrease in future policy benefit reserves	(2,299		)	(10,197	)
Amortization of deferred policy acquisition costs	1,396			4,339
Income before federal income tax	903			5,858
Federal income tax expense	190			1,230
Net income	$	713		4,628

Present Value of Future Insurance Profits [Table Text Block]

COIA relative to purchased blocks of insurance is summarized as follows:

Years ended December 31, (In thousands)	2019			2018		2017
Balance at beginning of period	$	15,225		17,499		19,415
Amortization	(1,546		)	(2,458	)	(2,129	)
Change in effects of unrealized (gains) losses on COIA	(224		)	184		213
Balance at end of period	$	13,455		15,225		17,499

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated amortization of COIA in each of the next five years and thereafter is as follows.  Actual future amortization will differ from these estimates due to variances from estimated future withdrawal assumptions.

(In thousands)	Amount
Cost of Insurance Acquired:
Year:
2020	$	1,237
2021	1,112
2022	1,003
2023	908
2024	822
Thereafter	8,759
	13,841
Effects of unrealized (gains) losses on COIA	(386		)
Total cost of insurance acquired	$	13,455

Schedule of Goodwill [Table Text Block]

Goodwill is summarized as follows:

Years ended December 31, (In thousands)	2019		2018	2017
Life Insurance Segment:
Balance at January 1,	$	12,624	12,624	12,624
Impairment	—		—	—
Balance at December 31,	$	12,624	12,624	12,624
Home Service Insurance Segment:
Balance at January 1,	$	—	—	4,631
Impairment	—		—	4,631
Balance at December 31,	$	—	—	—
Total Segments:
Balance at January 1,	$	12,624	12,624	17,255
Impairment	—		—	4,631
Balance at December 31,	$	12,624	12,624	12,624

Property, Plant and Equipment [Table Text Block]

The following is a summary of property and equipment.

December 31, (In thousands)	2019			2018
Property and equipment:
Home office, land and buildings	$	4,136		4,136
Furniture and equipment	881			963
Electronic data processing equipment and computer software	8,215			7,710
Automobiles	91			91
Real estate and equipment leases (See Note 7)	1,136			—
Total property and equipment	14,459			12,900
Accumulated depreciation	(8,555		)	(6,957	)
Total property and equipment	$	5,904		5,943