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Consolidated Statements of Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Income:    
Premium income $ 8,807,779 $ 10,773,246
Net investment income 1,477,403 817,989
Net realized gain (loss) on sale of securities (4,499) 430,565
Gain from purchase of Great Western Life 1,140,996
Other income 37,608 50,057
Total income 11,459,287 12,071,857
Expenses:    
Death claims 959,005 823,545
Policyholder benefits 3,957,090 3,485,564
Increase in policyholder reserves 2,766,169 5,654,476
Commissions, net of deferrals 637,425 521,155
Amortization of deferred acquisition costs 454,906 321,451
Amortization of value of business acquired 20,304 8,460
Salaries & benefits 1,152,728 990,076
Other operating expenses 1,967,796 1,316,162
Total expense 11,915,423 13,120,889
Net loss $ (456,136) $ (1,049,032)
Net loss per common share, basic and diluted (in dollars per share) $ (0.06) $ (0.18)
Unrealized net holding gains (losses) arising during the period $ (2,594,366) $ 596,542
Reclassification adjustment for (gains) losses included in net loss 4,499 (430,565)
Other comprehensive income (loss) (2,589,867) 165,977
Comprehensive loss $ (3,046,003) $ (883,055)