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Cash Surrender Value Life Insurance
12 Months Ended
Jun. 30, 2022
Cash Surrender Value Life Insurance  
Cash Surrender Value Life Insurance

Note 6 -     Cash Surrender Value Life Insurance

The Company is the owner and the beneficiary of life insurance policies on certain directors and officers of the Company, with aggregate death benefits of approximately $19,400,000 as of June 30, 2022. The cash surrender value on the policies amounted to $9,193,315 and $5,968,734 as of June 30, 2022 and 2021, respectively.