Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Assets
Debt securities	$ 37,891,596	$ 37,677,578
Mortgage loans on real estate	3,775,432	3,166,136
Funds withheld under coinsurance agreement, at fair value	48,074,917	46,830,076
Policy loans	178,545	163,725
Real estate, net of depreciation	1,410,493	1,415,743
Total investments	101,053,623	98,474,832
Cash and cash equivalents	7,678,829	4,320,759
Investment income due and accrued	632,825	423,036
Reinsurance related assets	0	165,082
Deferred acquisition costs, net	6,533,590	7,105,890
Value of business acquired, net	2,633,918	2,703,233
Property, equipment and software, net	95,194	37,818
Goodwill	277,542	277,542
Deferred tax asset, net of valuation allowance	243,257	243,257
Other assets	662,049	1,635,647
Total assets	119,810,827	115,387,096
Liabilities:
Deposit-type contracts	75,107,753	72,082,207
Policyholder benefit reserves	24,451,244	21,158,568
Dividend accumulation	118,943	116,127
Advance premiums	127,046	102,178
Total policy liabilities	99,804,986	93,459,080
Accounts payable and accrued expenses	151,668	1,507,756
Federal Home Loan Bank advance	(2,000,000)	(2,000,000)
Other liabilities	839,290	15,469
Total liabilities	102,795,944	96,982,305
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 20,000,000 shares; issued and outstanding 7,745,404 and 7,741,487 shares as of September 30, 2021 and December 31, 2020, respectively	774,541	774,150
Additional paid-in capital	22,964,592	23,063,273
Accumulated deficit	(9,185,872)	(8,997,507)
Accumulated other comprehensive income	2,461,622	3,564,875
Total shareholders' equity	17,014,883	18,404,791
Total liabilities and shareholders' equity	119,810,827	115,387,096
Fixed Maturities [Member]
Assets
Debt securities	37,891,596	37,677,578
Equity Securities [Member]
Assets
Debt securities	$ 9,722,640	$ 9,221,574