Summary of Significant Accounting Policies Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Deferred Policy Acquisition Costs [Table Text Block]

The components of DAC from year to year are summarized as follows:

Years ended December 31, (In thousands)	2020		2019	2018
Balance at beginning of period	$	149,249	155,747	167,063
Capitalization of deferred policy acquisition costs	20,475		22,255	22,695
Amortization of deferred policy acquisition costs	(27,439)		(28,268)	(34,235)
Effects of unrealized (gains) losses	(37,372)		(485)	224
Balance at end of period	$	104,913	149,249	155,747

Schedule of Change in Accounting Estimate [Table Text Block]

The impact is reflected in the accompanying consolidated financial statements and summarized in the table below.

(In thousands)	2019		2018
Increase (Decrease)
Consolidated Balance Sheets
DAC	$	(1,396)	(4,339)
Future policy benefit reserves:
Life insurance	(2,299)		(10,197)
Consolidated Statements of Operations and Comprehensive Income (Loss)
Decrease in future policy benefit reserves	(2,299)		(10,197)
Amortization of deferred policy acquisition costs	1,396		4,339
Income before federal income tax	903		5,858
Federal income tax expense	190		1,230
Net income	$	713	4,628

Present Value of Future Insurance Profits [Table Text Block]

COIA relative to purchased blocks of insurance is summarized as follows:

Years ended December 31, (In thousands)	2020		2019	2018
Balance at beginning of period	$	13,455	15,225	17,499
Amortization	(1,816)		(1,546)	(2,458)
Change in effects of unrealized (gains) losses on COIA	(98)		(224)	184
Balance at end of period	$	11,541	13,455	15,225

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated amortization of COIA in each of the next five years and thereafter is as follows.  Actual future amortization will differ from these estimates due to variances from estimated future withdrawal assumptions.

(In thousands)	Amount
Cost of insurance acquired:
Year:
2021	$	760
2022	691
2023	633
2024	582
2025	536
Thereafter	8,823
	12,025
Effects of unrealized (gains) losses on COIA	(484)
Total cost of insurance acquired	$	11,541

Schedule of Goodwill [Table Text Block]

Goodwill is summarized as follows:

Years ended December 31, (In thousands)	2020		2019	2018
Life Insurance Segment:
Balance at January 1,	$	12,624	12,624	12,624
Impairment	—		—	—
Balance at December 31,	$	12,624	12,624	12,624

Property, Plant and Equipment [Table Text Block]

The following is a summary of property and equipment.

December 31, (In thousands)	2020		2019
Property and equipment:
Home office, land and buildings	$	4,136	4,136
Furniture and equipment	1,618		881
Electronic data processing equipment and computer software	7,179		8,215
Automobiles	50		91
Real estate and equipment leases (See Note 7)	11,973		1,136
Total property and equipment	24,956		14,459
Accumulated depreciation	(8,644)		(8,555)
Total property and equipment	$	16,312	5,904