3) Investments: Schedule of Major categories of net investment income (Tables)

9 Months Ended

Sep. 30, 2019

Tables/Schedules

Schedule of Major categories of net investment income

	Three Months Ended September 30		Nine Months Ended September 30
	2019	2018	2019	2018
Fixed maturity securities held to maturity	$     2,563,481	$     2,481,202	$     7,596,035	$     7,521,884
Equity securities	74,629	64,214	227,280	176,126
Mortgage loans held for investment	4,558,232	4,240,624	13,187,416	14,016,985
Real estate held for investment	2,259,064	2,124,138	6,266,286	6,423,996
Policy loans	113,541	85,044	308,583	296,540
Insurance assignments	3,851,804	3,583,964	11,970,755	10,956,651
Other investments	-	57,050	106,678	186,594
Cash and cash equivalents	398,997	375,310	1,363,873	752,339
Gross investment income	13,819,748	13,011,546	41,026,906	40,331,115
Investment expenses	(3,341,182)	(3,370,050)	(9,965,837)	(10,873,223)
Net investment income	$   10,478,566	$     9,641,496	$   31,061,069	$   29,457,892