Statement of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net income attributable to common shareholders	$ 6,667,172	$ 4,615,901
Amortization (accretion) of investments	(874,286)	(2,427,818)
Realized investment gains, net	(10,982,695)	(1,659,441)
Unrealized trading gains included in income	(167,251)	(1,357,344)
Amortization of deferred policy acquisition costs	31,024	34,346
Amortization of cost of insurance acquired	572,750	615,508
Depreciation	638,394	690,710
Net income attributable to noncontrolling interest	426,378	564,265
Charges for mortality and administration of universal life and annuity products	(3,541,227)	(3,724,854)
Interest credited to account balances	2,551,509	2,679,543
Change in accrued investment income (loss)	(1,418,809)	144,647
Change in reinsurance receivables	1,486,180	1,547,249
Change in policy liabilities and accruals	(2,191,530)	(2,357,610)
Change in income taxes receivable (payable)	2,526,735	(949,163)
Change in other assets and liabilities, net	1,723	4,129,877
Net cash provided by (used in) operating activities	(4,273,933)	2,545,816
Cash flows from investing activities:
Fixed maturities available for sale	79,045,533	126,519,335
Equity securities available for sale	559,865	2,891,101
Trading securities	7,148,992	79,855,048
Mortgage loans	2,583,581	749,819
Discounted mortgage loans	3,156,105	7,508,210
Real estate	8,808,213	1,185,911
Policy loans	1,982,303	1,710,893
Total proceeds from investments sold and matured	103,284,592	220,420,317
Cost of investments acquired:
Fixed maturities available for sale	(120,109,964)	(123,967,122)
Equity securities available for sale	(9,173,511)	(717,600)
Trading securities	(6,625,128)	(77,390,562)
Mortgage loans	(15,813,757)	(846)
Discounted mortgage loans	(6,040,124)	(8,585,147)
Real estate	(6,142,148)	(10,625,161)
Policy loans	(1,499,930)	(1,647,918)
Total cost of investments acquired	(165,404,562)	(222,934,356)
Sale/Purchase of property and equipment	17,440	(204,475)
Net cash used in investing activities	(62,102,530)	(2,718,514)
Cash flows from financing activities:
Policyholder contract deposits	2,990,832	3,206,514
Policyholder contract withdrawals	(3,364,427)	(2,581,770)
Proceeds from notes payable/line of credit	1,281,000	5,380,000
Payments of principal on notes payable/line of credit	(1,221,425)	(2,449,174)
Purchase of treasury stock	(571,380)	(397,433)
Distributions to minority interests of consolidated subsidiaries	(14,000)	0
Net cash provided by (used in) financing activities	(899,400)	3,158,137
Net increase (decrease) in cash and cash equivalents	(67,275,863)	2,985,439
Cash and cash equivalents at beginning of period	82,925,675	18,483,452
Cash and cash equivalents at end of period	$ 15,649,812	$ 21,468,891