Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
Investments, available for sale, at fair value
Fixed maturities (amortized cost: $14,932,459 and $10,615,033, respectively)	$ 14,190,707	$ 10,533,463
Equity securities (cost: $75,000 and $1,274,111 respectively)	75,000	1,250,977
Equity method investments	1,800,859	1,887,196
Equity securities, at cost	1,273,938	1,267,938
Mortgage loans on real estate, held for investment	665,569	677,011
Real estate, held for investment	553,849	565,889
Policy loans	369,513	274,664
Notes receivable	27,383	27,383
Short-term investments	1,180,314	1,171,280
Total investments	20,137,132	17,655,801
Cash and cash equivalents	3,377,978	4,346,555
Amounts recoverable from reinsurers	30,660,618	32,265,463
Interest and dividends due and accrued	189,280	146,938
Due premiums	653,137	820,123
Deferred acquisition costs, net	2,722,819	2,650,957
Value of business acquired, net	821,771	964,557
Intangible assets	700,000	700,000
Goodwill	1,129,824	1,129,824
Property and equipment, net	372,368	445,860
Other assets	1,473,745	1,752,685
Total assets	62,238,672	62,878,763
Liabilities:
Benefit reserves	33,866,409	33,588,589
Policy claims	529,139	571,870
Deposit-type contracts	14,739,655	12,865,671
Advance premiums	87,850	86,743
Total policy liabilities	49,223,053	47,112,873
Accounts payable and accrued expenses	1,451,464	874,642
Surplus notes	550,000	650,000
Total liabilities	51,224,517	48,637,515
Commitments and Contingencies (See Note 8)
Stockholders' Equity:
Common stock, $0.001 par value. Authorized 120,000,000 shares; issued and outstanding 9,120,239 and 9,106,717 shares, respectively.	9,121	9,106
Additional paid-in capital	25,131,714	25,361,520
Stock subscription receivable	(1,917)	(13,417)
Accumulated deficit	(17,707,433)	(15,756,994)
Accumulated other comprehensive loss	(740,091)	(64,352)
Total Midwest Holding Inc.'s stockholders' equity	6,691,468	9,535,937
Noncontrolling interests	4,322,687	4,705,311
Total stockholders' equity	11,014,155	14,241,248
Total liabilities and stockholders' equity	62,238,672	62,878,763
Series A Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	$ 74	$ 74