Cost of Insurance Acquired (Details) - USD ($)	12 Months Ended
Dec. 31, 2023	Dec. 31, 2022
Cost of insurance acquired [Roll Forward]
Interest rate used in amortization calculation	12.00%
Cost of insurance acquired, beginning of year	$ 2,698,153	$ 3,386,501
Interest accretion	418,722	501,324
Amortization	(1,079,979)	(1,189,672)
Net amortization	(661,257)	(688,348)
Cost of insurance acquired, end of year	2,036,896	$ 2,698,153
Interest Accretion [Abstract]
2024	339,372
2025	263,074
2026	189,374
2027	116,157
Amortization [Abstract]
2024	975,187
2025	877,240
2026	799,520
2027	292,926
Net Amortization [Abstract]
2024	635,815
2025	614,166
2026	610,146
2027	$ 176,769

The adjustment that represents the periodic charge against earnings to reduce the value of business acquired (VOBA) over the expected life of the underlying insurance contracts. VOBA reflects the estimated fair value of a life insurance business in force and represents the portion of the cost to acquire the business that is allocated to the value of the right to receive future cash flows from insurance contracts existing at the date of acquisition. Such value is the present value of the actuarially determined projected cash flows for the acquired policies. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28