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Note 4 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Reported Value Measurement [Member]    
Cash and cash equivalents $ 9,472,845 $ 7,955,348
Mortgage loans on real estate 4,063,276 3,653,142
Investment income due and accrued 567,974 698,504
Funds withheld 49,828,005 48,474,206
Policy loans 49,645 173,341
Total Financial Assets (excluding available for sale investments) 63,981,745 60,954,541
Federal Home Loan Bank advance 1,000,000 2,000,000
Policyholder deposits in deposit-type contracts 78,769,056 75,567,873
Total Financial Liabilities 79,769,056 77,567,873
Estimate of Fair Value Measurement [Member]    
Cash and cash equivalents 9,472,845 7,955,348
Mortgage loans on real estate 4,063,276 3,653,142
Investment income due and accrued 567,974 698,504
Funds withheld 49,681,473 49,018,974
Policy loans 49,645 173,341
Total Financial Assets (excluding available for sale investments) 63,835,213 61,499,309
Federal Home Loan Bank advance 1,000,000 2,000,000
Policyholder deposits in deposit-type contracts 71,117,548 78,359,733
Total Financial Liabilities 72,117,548 80,359,733
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 9,472,845 7,955,348
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) 9,472,845 7,955,348
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 4,063,276 3,653,142
Investment income due and accrued 567,974 698,504
Funds withheld 49,681,473 49,018,974
Policy loans 49,645 173,341
Total Financial Assets (excluding available for sale investments) 54,362,368 53,543,961
Federal Home Loan Bank advance 1,000,000 2,000,000
Policyholder deposits in deposit-type contracts 71,117,548 78,359,733
Total Financial Liabilities $ 72,117,548 $ 80,359,733