Cost of Insurance Acquired (Tables)

12 Months Ended

Dec. 31, 2020

Cost of Insurance Acquired [Abstract]

Cost of Insurance Acquired

	2020			2019
Cost of insurance acquired, beginning of year	$	4,846,321		$	5,622,227
Interest accretion		676,503			769,612
Amortization		(1,421,353	)		(1,545,518	)
Net amortization		(744,850	)		(775,906	)
Cost of insurance acquired, end of year	$	4,101,471		$	4,846,321

Estimated Net Amortization Expense of Cost of Insurance Acquired for Next Five Years

Estimated net amortization expense of cost of insurance acquired for the next five years is as follows:

	Interest Accretion	Amortization	Net Amortization
2021	587,120	1,302,090	714,970
2022	501,324	1,189,672	688,348
2023	418,722	1,079,979	661,257
2024	339,372	975,187	635,815
2025	263,074	877,240	614,166