16) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Financial Instruments Carried at Other Than Fair Value

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Mortgage loans:
Residential	$       48,503,639	$             -	$             -	$       51,537,154	$       51,537,154
Residential construction	12,812,359	-	-	12,812,359	12,812,359
Commercial	41,465,880	-	-	42,441,268	42,441,268
Mortgage loans, net	$     102,781,878	$             -	$             -	$     106,790,781	$     106,790,781
Policy loans	7,520,376	-	-	7,520,376	7,520,376
Other loans	12,203,630	-	-	12,203,630	12,203,630
Short-term investments	12,135,719	-	-	12,135,719	12,135,719
Liabilities
Bank and other loans payable	$       18,231,128	$             -	$             -	$       18,231,128	$       18,231,128

The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of December 31, 2012:

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Mortgage loans:
Residential	$       46,391,249	$             -	$             -	$       50,266,965	$       50,266,965
Residential construction	3,114,925	-	-	3,114,925	3,114,925
Commercial	34,956,031	-	-	35,475,500	35,475,500
Mortgage loans, net	$       84,462,205	$             -	$             -	$       88,857,390	$       88,857,390
Policy loans	8,075,101	-	-	8,075,101	8,075,101
Other loans	12,113,415	-	-	12,113,415	12,113,415
Short-term investments	40,925,390	-	-	40,925,390	40,925,390
Liabilities
Bank and other loans payable	$       11,816,771	$             -	$             -	$       11,816,771	$       11,816,771