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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net loss $ (593,103) $ (1,120,789)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 26,031 29,074
Net realized (gains) on the sale of securities (435,392) (40,653)
Amortization of investment securities, net 27,429 12,406
Deferred acquisition costs capitalized (204,620) (182,537)
Deferred acquisition costs amortized 136,709 128,540
Value of business acquired amortized 3,384
Interest credited on deposit type contracts 110,097 49,395
(Increase) decrease in operating assets:    
Investment income due and accrued 9,315 3,097
Reinsurance related assets (8,294) (51,893)
Other assets (132,357) 91,353
Increase (decrease) in operating liabilities:    
Policyowner benefit reserves 1,284,750 1,497,064
Advance premiums 92,016 41,297
Other liabilities 3,600 73,434
Accounts payable and accrued expenses (32,519) (16,609)
Net cash provided by operating activities 287,046 513,179
Cash Flows from Investing Activities:    
Purchase of fixed income investments (4,629,966) (2,624,560)
Purchase of equity investments (4,669,164) (1,210,646)
Proceeds from fixed income sales and repayments 3,081,710 573,590
Proceeds from equity sales and repayments 4,439,235 190,583
Acquisition of Northern Plains Capital Corporation 1,079,627
Assumed reinsurance from American Life & Security Corporation 6,895,145
Purchase of property, equipment and software (11,121)
Net cash provided by (used in) investing activities 6,185,466 (3,071,033)
Cash Flows from Financing Activities:    
Receipts on deposit-type contracts 1,368,680 1,485,628
Withdrawals on deposit-type contracts (350,116) (170,906)
Proceeds received from issuance of common stock, net of costs of issuance 378,256 1,783,835
Net cash provided by financing activities 1,396,820 3,098,557
Net increase in cash and cash equivalents 7,869,332 540,703
Cash and Cash Equivalents:    
Beginning 3,145,745 2,466,526
Ending 11,015,077 3,007,229
Supplemental Disclosure of Non-Cash Information    
Common stock issued on the acquisition of Northern Plains 3,097,380
Cost of reinsurance deferred on coinsurance transaction with American Life & Security Corp $ 2,861,450