Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income attributable to common shares	$ 1,168,025	$ 916,620
Adjustments to reconcile net income to net cash
Amortization (accretion) of investments	(457,864)	(2,753,269)
Realized investment gains, net	(7,411,658)	(4,426,593)
Unrealized trading (gains) losses included in income	(31,259)	945,128
Amortization of cost of insurance acquired	872,982	907,605
Depreciation	698,374	814,336
Net income attributable to noncontrolling interest	288,260	289,419
Charges for mortality and administration of universal life and annuity products	(5,588,667)	(6,640,391)
Interest credited to account balances	4,539,416	4,835,215
Change in accrued investment income	(51,512)	(158,473)
Change in reinsurance receivables	89,524	678,391
Change in policy liabilities and accruals	(4,679,857)	(3,132,596)
Change in income taxes receivable (payable)	(604,639)	(2,552,286)
Change in other assets and liabilities, net	(207,312)	(871,642)
Net cash used in operating activities	(11,376,187)	(11,148,536)
Proceeds from investments sold and matured:
Fixed maturities available for sale	30,355,159	22,484,522
Equity securities available for sale	13,785,226	8,087,827
Trading securities	72,279	125,774
Mortgage loans	7,047,158	20,140,224
Real estate	11,142,322	19,829,665
Notes receivable	4,463,966	0
Policy loans	723,317	3,102,284
Short-term investments	0	4,482,329
Total proceeds from investments sold and matured	67,589,427	78,252,625
Cost of investments acquired:
Fixed maturities available for sale	(11,404,577)	(21,733,834)
Equity securities available for sale	(5,262,588)	(12,278,232)
Trading securities	(70,690)	(463,895)
Mortgage loans	(6,935,273)	(13,774,698)
Real estate	(15,935,233)	(8,650,084)
Notes receivable	(11,208,299)	(4,985,347)
Policy loans	(109,207)	(2,682,043)
Short-term investments	0	(100,149)
Total cost of investments acquired	(50,925,867)	(64,668,282)
Purchase of property and equipment	0	0
Net cash provided by investing activities	16,663,560	13,584,343
Cash flows from financing activities:
Policyholder contract deposits	5,087,358	5,189,311
Policyholder contract withdrawals	(4,261,609)	(5,514,232)
Proceeds from notes payable/line of credit	2,900,000	0
Payments of principal on notes payable/line of credit	0	(4,400,000)
Purchase of treasury stock	(5,124,307)	(120,281)
Non controlling contributions/(distributions) of consolidated subsidiary	(554,882)	254,567
Net cash used in financing activities	(1,953,440)	(4,590,635)
Net decrease in cash and cash equivalents	3,333,933	(2,154,828)
Cash and cash equivalents at beginning of year	11,822,615	13,977,443
Cash and cash equivalents at end of year	$ 15,156,548	$ 11,822,615