22) Future Policy Benefits and Unpaid Claims

12 Months Ended

Dec. 31, 2020

Insurance [Abstract]

22) Future Policy Benefits and Unpaid Claims

22)       Future Policy Benefits and Unpaid Claims

The Company reports future policy benefits and unpaid claims pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements.

The following table provides information regarding future policy benefits and unpaid claims and the related receivable from reinsurers.

	Years Ended September 30
	2020	2019
Life	$   674,230,463	$654,585,723
Annuities	109,522,112	113,579,831
Policyholder account balances	44,026,809	45,154,180
Accident and health	651,140	667,428
Other policyholder funds	4,354,746	4,530,227
Reported but unpaid claims	8,689,723	4,891,922
Incurred but not reported claims	3,315,094	2,191,607
Gross future policy benefits and unpaid claims	$   844,790,087	$825,600,918
Receivable from reinsurers
Life	10,841,567	11,040,398
Annuities	4,047,301	4,038,007
Accident and health	90,231	90,113
Reported but unpaid claims	571,057	569,250
Incurred but not reported claims	19,000	10,000
Total receivable from reinsurers	15,569,156	15,747,768
Net future policy benefits and unpaid claims	$   829,220,931	$809,853,150