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Note 4 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Reported Value Measurement [Member]    
Cash and cash equivalents $ 7,678,829 $ 4,320,759
Mortgage loans on real estate 3,775,432 3,166,136
Investment income due and accrued 632,825 423,036
Funds withheld 47,905,497 46,176,782
Policy loans 178,545 163,725
Total Financial Assets (excluding available for sale investments) 60,171,128 54,250,438
Federal Home Loan Bank advance 2,000,000 2,000,000
Policyholder deposits in deposit-type contracts 75,107,753 72,082,207
Total Financial Liabilities 77,107,753 74,082,207
Estimate of Fair Value Measurement [Member]    
Cash and cash equivalents 7,678,829 4,320,759
Mortgage loans on real estate 3,775,432 3,166,136
Investment income due and accrued 632,825 423,036
Funds withheld 48,074,917 46,830,076
Policy loans 178,545 163,725
Total Financial Assets (excluding available for sale investments) 60,340,548 54,903,732
Federal Home Loan Bank advance 2,000,000 2,000,000
Policyholder deposits in deposit-type contracts 75,973,181 74,351,806
Total Financial Liabilities 77,973,181 76,351,806
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 7,678,829 4,320,759
Mortgage loans on real estate 0 0
Investment income due and accrued 0 0
Funds withheld 0 0
Policy loans 0 0
Total Financial Assets (excluding available for sale investments) 7,678,829 4,320,759
Federal Home Loan Bank advance 0 0
Policyholder deposits in deposit-type contracts 0 0
Total Financial Liabilities 0 0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Cash and cash equivalents 0 0
Mortgage loans on real estate 0 0
Investment income due and accrued 0 0
Funds withheld 0 0
Policy loans 0 0
Total Financial Assets (excluding available for sale investments) 0 0
Federal Home Loan Bank advance 0 0
Policyholder deposits in deposit-type contracts 0 0
Total Financial Liabilities 0 0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Cash and cash equivalents 0 0
Mortgage loans on real estate 3,775,432 3,166,136
Investment income due and accrued 632,825 423,036
Funds withheld 48,074,917 46,830,076
Policy loans 178,545 163,725
Total Financial Assets (excluding available for sale investments) 52,661,719 50,582,973
Federal Home Loan Bank advance 2,000,000 2,000,000
Policyholder deposits in deposit-type contracts 75,973,181 74,351,806
Total Financial Liabilities $ 77,973,181 $ 76,351,806