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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues:    
Premiums and policy fees $ 9,742,849 $ 11,164,857
Reinsurance premiums and policy fees (2,853,741) (3,090,503)
Net investment income 12,944,548 15,559,935
Other income 591,919 707,069
Revenues before realized gains (losses) 20,425,575 24,341,358
Realized investment gains (losses), net:    
Other-than-temporary impairments (465,754) (3,570,601)
Other realized investment gains, net 7,877,412 7,997,194
Total realized investment gains, net 7,411,658 4,426,593
Total revenues 27,837,233 28,767,951
Benefits, claims and settlement expenses:    
Life 18,657,060 20,245,920
Ceded reinsurance benefits and claims (2,517,075) (2,919,064)
Annuity 1,120,684 996,485
Dividends to policyholders 432,150 446,567
Commissions (139,167) (168,533)
Amortization of cost of insurance acquired 872,982 907,605
Operating expenses 7,288,133 8,916,771
Interest expense 0 68,876
Total benefits and other expenses 25,714,767 28,494,627
Income before income taxes 2,122,466 273,324
Income tax benefit (expense) (666,181) 932,715
Net income 1,456,285 1,206,039
Net income attributable to noncontrolling interest (288,260) (289,419)
Net income attributable to common shareholders' $ 1,168,025 $ 916,620
Amounts attributable to common shareholders':    
Basic income per share (in dollars per share) $ 0.33 $ 0.25
Diluted income per share (in dollars per share) $ 0.33 $ 0.25
Basic weighted average shares outstanding (in shares) 3,537,394 3,704,322
Diluted weighted average shares outstanding (in shares) 3,537,394 3,704,322