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Note 4 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Reported Value Measurement [Member]    
Cash and cash equivalents $ 5,620,444 $ 4,320,759
Mortgage loans on real estate 3,433,437 3,166,136
Investment income due and accrued 473,120 423,036
Funds withheld 46,699,502 46,176,782
Policy loans 166,703 163,725
Total Financial Assets (excluding available for sale investments) 56,393,206 54,250,438
Federal Home Loan Bank advance 2,000,000 2,000,000
Policyholder deposits in deposit-type contracts 73,347,975 72,082,207
Total Financial Liabilities 75,347,975 74,082,207
Estimate of Fair Value Measurement [Member]    
Cash and cash equivalents 5,620,444 4,320,759
Mortgage loans on real estate 3,433,437 3,166,136
Investment income due and accrued 473,120 423,036
Funds withheld 47,150,149 46,830,076
Policy loans 166,703 163,725
Total Financial Assets (excluding available for sale investments) 56,843,853 54,903,732
Federal Home Loan Bank advance 2,000,000 2,000,000
Policyholder deposits in deposit-type contracts 74,263,243 74,351,806
Total Financial Liabilities 76,263,243 76,351,806
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 5,620,444 4,320,759
Mortgage loans on real estate
Investment income due and accrued
Funds withheld
Policy loans
Total Financial Assets (excluding available for sale investments) 5,620,444 4,320,759
Federal Home Loan Bank advance
Policyholder deposits in deposit-type contracts
Total Financial Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Cash and cash equivalents
Mortgage loans on real estate
Investment income due and accrued
Funds withheld
Policy loans
Total Financial Assets (excluding available for sale investments)
Federal Home Loan Bank advance
Policyholder deposits in deposit-type contracts
Total Financial Liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Cash and cash equivalents
Mortgage loans on real estate 3,433,437 3,166,136
Investment income due and accrued 473,120 423,036
Funds withheld 47,150,149 46,830,076
Policy loans 166,703 163,725
Total Financial Assets (excluding available for sale investments) 51,223,409 50,582,973
Federal Home Loan Bank advance 2,000,000 2,000,000
Policyholder deposits in deposit-type contracts 74,263,243 74,351,806
Total Financial Liabilities $ 76,263,243 $ 76,351,806