Note 8: Income Taxes: Schedule of components of Deferred Tax Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

Tables/Schedules

Schedule of components of Deferred Tax Liabilities

	December 31
	2016	2015
Assets
Future policy benefits	$ (10,243,465)	$ (8,023,302)
Loan loss reserve	(288,590)	(1,163,700)
Unearned premium	(1,519,722)	(1,610,684)
Available for sale securities	(51,266)	(150,984)
Net operating loss	(1,531,160)	(588,537)
Deferred compensation	(2,225,208)	(1,994,927)
Deposit obligations	(1,033,580)	(1,026,984)
Other	(1,805,260)	(2,242,029)
Less: Valuation allowance	4,262,549	5,276,431
Total deferred tax assets	(14,435,702)	(11,524,716)
Liabilities
Deferred policy acquisition costs	18,150,517	14,838,604
Basis difference in property and equipment	10,749,036	9,375,146
Value of business acquired	2,573,902	2,972,883
Deferred gains	9,290,123	6,902,888
Trusts	1,599,657	1,599,657
Tax on unrealized appreciation	1,488,523	1,102,963
Total deferred tax liabilities	43,851,758	36,792,141
Net deferred tax liability	$  29,416,056	$ 25,267,425