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7): Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Tables)
3 Months Ended
Mar. 31, 2017
AsOfMarch312017Member  
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs

 

 

Policyholder Account Balances

Future Policy Benefits - Annuities

Loan Commitments

Bank Loan Interest Rate Swaps

Balance - December 31, 2016

$(49,421,125)

$(99,388,662)

$3,287,406

$(3,308)

Total gains (losses):

Included in earnings

265,685

673,850

1,433,935

 -

Included in other comprehensive income

 -

 -

 -

1,595

Balance - March 31, 2017

$(49,155,440)

$(98,714,812)

$4,721,341

$(1,713)

AsOfDecember312016Member  
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs

 

 

Policyholder Account Balances

Future Policy Benefits - Annuities

Loan Commitments

Bank Loan Interest Rate Swaps

Balance - December 31, 2015

 $(50,694,953)

 $(69,398,617)

 $3,333,091

 $(13,947)

Purchases

 -

 (30,294,480)

 -

 -

Total gains (losses):

Included in earnings

 1,273,828

 304,435

 (45,685)

-

Included in other

comprehensive income

-

-

 -

 10,639

Balance - December 31, 2016

 $(49,421,125)

 $(99,388,662)

 $3,287,406

 $(3,308)