Statement of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net income attributable to common shareholders	$ 6,796,695	$ (71,259)
Amortization (accretion) of investments	2,218,898	(3,195,015)
Realized investment gains, net	(11,238,250)	(2,221,888)
Unrealized trading gains included in income	281,685	1,412,630
Amortization of deferred policy acquisition costs	46,536	51,519
Amortization of cost of insurance acquired	859,126	923,261
Depreciation	959,836	1,048,126
Net income attributable to noncontrolling interest	626,590	(40,469)
Charges for mortality and administration of universal life and annuity products	(5,281,297)	(5,547,734)
Interest credited to account balances	3,725,149	3,915,979
Change in accrued investment income (loss)	(974,807)	371,310
Change in reinsurance receivables	1,507,932	1,748,548
Change in policy liabilities and accruals	(2,422,859)	(3,856,527)
Change in income taxes receivable (payable)	2,259,832	(3,260,867)
Change in other assets and liabilities, net	(935,954)	2,358,592
Net cash provided by (used in) operating activities	(1,570,888)	(6,363,794)
Cash flows from investing activities:
Fixed maturities available for sale	84,519,249	130,999,311
Equity securities available for sale	1,287,475	3,231,410
Trading securities	15,344,038	14,209,807
Mortgage loans	4,134,379	2,984,255
Discounted mortgage loans	7,195,550	10,288,755
Real estate	9,499,500	9,921,610
Policy loans	2,782,021	3,478,803
Total proceeds from investments sold and matured	124,762,212	175,113,951
Cost of investments acquired:
Fixed maturities available for sale	(122,811,049)	(125,182,803)
Equity securities available for sale	(11,938,273)	(781,307)
Trading securities	(12,876,567)	(4,641,579)
Mortgage loans	(17,513,757)	(846)
Discounted mortgage loans	(6,146,295)	(10,378,446)
Real estate	(9,299,718)	(12,431,325)
Policy loans	(4,194,686)	(2,862,585)
Total cost of investments acquired	(184,780,345)	(156,278,891)
Sale/Purchase of property and equipment	17,440	(204,475)
Net cash used in investing activities	(60,000,693)	18,630,585
Cash flows from financing activities:
Policyholder contract deposits	4,382,637	4,743,069
Policyholder contract withdrawals	(4,664,817)	(4,690,873)
Proceeds from notes payable/line of credit	1,411,000	5,613,000
Payments of principal on notes payable/line of credit	(2,827,206)	(3,958,284)
Purchase of treasury stock	(781,124)	(443,282)
Distributions to minority interests of consolidated subsidiaries	(160,000)	(388,275)
Cash received in reinsurance recapture	2,480,706	0
Net cash provided by (used in) financing activities	(158,804)	875,355
Net increase (decrease) in cash and cash equivalents	(61,730,385)	13,142,146
Cash and cash equivalents at beginning of period	82,925,675	18,483,452
Cash and cash equivalents at end of period	$ 21,195,290	$ 31,625,598