5) Value of Business Acquired, Instangible Assets and Goodwill: Schedule of Value of Business Acquired (Tables)

12 Months Ended

Dec. 31, 2019

Tables/Schedules

Schedule of Value of Business Acquired

	December 31
	2019		2018
Balance at beginning of year	$      5,765,190		$      6,588,759
Value of  business acquired	4,962,831	(1)	-
Imputed interest at 7% included in earnings	472,916		421,122
Amortization included in earnings	(1,320,456)		(1,244,691)
Shadow amortization included in other   comprehensive income	(3,834)		-
Net amortization	(851,374)		(823,569)
Balance at end of year	$      9,876,647		$      5,765,190
(1) See Note 20 regarding the acquisition of Kilpatrick Life Insurance Company