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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income (loss) $ 375,868 $ (402,758)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,559 8,805
Unrealized gain on equity securities (727,203) 0
Unrealized gain on equity securities   0
Amortization of investment securities, net 11,881 13,947
Deferred acquisition costs capitalized (74,962) (64,638)
Deferred acquisition costs amortized 62,903 90,355
Value of business acquired amortized 5,076 5,076
Interest credited on deposit type contracts 160,494 131,779
(Increase) decrease in operating assets:    
Investment income due and accrued (24,508) (22,934)
Reinsurance related assets 60,531 66,976
Other assets 17,033 33,164
Increase (decrease) in operating liabilities:    
Policyowner benefit reserves 631,551 736,552
Dividend accumulation (9,519)
Advance premiums (6,587) 58,942
Other liabilities (3,279) 6,833
Accounts payable and accrued expenses 12,463 (624)
Net cash provided by operating activities 494,301 661,475
Cash Flows from Investing Activities:    
Purchase of fixed income investments (615,289) (715,128)
Purchase of equity investments (173,630) (300,175)
Proceeds from fixed income sales and repayments 52,582 28,126
Interest on policy loans (674) (619)
Increase in policy loans (222) 1,330
Net cash used in investing activities (737,233) (986,466)
Cash Flows from Financing Activities:    
Receipts on deposit-type contracts 965,438 1,064,900
Withdrawals on deposit-type contracts (471,668) (424,178)
Proceeds received from issuance of common stock, net of costs of issuance 156,890 203,811
Net cash provided by financing activities 650,660 844,533
Net increase in cash and cash equivalents 407,728 519,542
Cash and Cash Equivalents:    
Beginning 2,077,646 651,809
Ending $ 2,485,374 $ 1,171,351