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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:    
Net income (loss) $ 599,208 $ (456,136)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 10,237 172,332
Net realized investment losses on the sale of securities 214,435 4,499
Unrealized gain on equity securities (1,256,769)
Gain on bargain purchase (1,140,996)
Amortization of investment securities, net 45,133 42,628
Deferred acquisition costs capitalized (328,488) (285,187)
Deferred acquisition costs amortized 433,218 454,906
Value of business acquired amortized 20,303 20,304
Interest credited on deposit type contracts 593,794 579,038
(Increase) decrease in operating assets:    
Investment income due and accrued (34,472) (57,918)
Reinsurance related assets (26,536) 88,033
Deferred tax asset, net of valuation allowance (431,158)
Other assets 34,803 (240,785)
Increase (decrease) in operating liabilities:    
Policyowner benefit reserves 2,629,005 2,786,098
Dividend Accumulation (53,018)
Advance premiums 21,973 49,229
Other liabilities (13,526) 19,836
Accounts payable and accrued expenses (188,101) 208,187
Net cash provided by operating activities 2,270,041 2,244,068
Cash Flows from Investing Activities:    
Purchase of fixed income investments (1,888,127) (4,643,809)
Purchase of equity investments (7,729,600) (1,333,779)
Proceeds from fixed income sales and repayments 981,939 460,638
Proceeds from equity sales and repayments 7,623,536
Interest on policy loans (8,122) (2,762)
Increase in policy loans (54,269) (7,107)
Acquisition of Great Western Life Insurance Company 372,391
Purchase of property, equipment and software (5,334)
Net cash used in investing activities (1,074,643) (5,159,762)
Cash Flows from Financing Activities:    
Receipts on deposit-type contracts 3,535,094 4,048,626
Withdrawals on deposit-type contracts (1,358,492) (1,450,062)
Proceeds from FHLB advance 1,000,000
Proceeds received from issuance of common stock, net of costs of issuance 229,159 1,742,967
Net cash provided by financing activities 3,405,761 4,341,531
Net increase in cash and cash equivalents 4,601,159 1,425,837
Cash and Cash Equivalents:    
Beginning 2,077,646 651,809
Ending 6,678,805 2,077,646
GWLIC [Member]    
Supplemental Disclosure of Non-Cash Information    
Securities acquired   1,380,606
Fixed Maturities [Member] | GWLIC [Member]    
Supplemental Disclosure of Non-Cash Information    
Securities acquired  
Policyholder Contract Deposits [Member] | GWLIC [Member]    
Supplemental Disclosure of Non-Cash Information    
Deposit-type contract liabilities assumed $ 35,569