Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Fair Values of Financial Instruments [Abstract]

Schedule of Financial Instruments at Fair Value Measured on a Recurring Basis

			Significant
	Quoted		Other		Significant
	in Active		Observable		Unobservable		Estimated
	Markets		Inputs		Inputs		Fair
	(Level 1)		(Level 2)		(Level 3)		Value
December 31, 2013
Fixed maturities:
U.S. government obligations	$	-	$	2,463,095	$	-	$	2,463,095
States and political subdivisions - general obligations		-		1,040,295		-		1,040,295
States and political subdivisions - special revenue		-		1,454,392		-		1,454,392
Corporate		-		9,232,925		-		9,232,925
Total fixed maturities		-		14,190,707		-		14,190,707
Equity securities:
Preferred corporate stock		-		75,000		-		75,000
Total equity securities		-		75,000		-		75,000
Total	$	-	$	14,265,707	$	-	$	14,265,707
December 31, 2012
Fixed maturities:
U.S. government obligations	$	-	$	2,216,725	$	-	$	2,216,725
States and political subdivisions - general obligations		-		1,198,435		-		1,198,435
States and political subdivisions - special revenue		-		1,724,153		-		1,724,153
Corporate		-		5,394,150		-		5,394,150
Total fixed maturities		-		10,533,463		-		10,533,463
Equity securities:
Common corporate stock		1,175,977		-		-		1,175,977
Preferred corporate stock		-		75,000		-		75,000
Total equity securities		1,175,977		75,000		-		1,250,977
Total	$	1,175,977	$	10,608,463	$	-	$	11,784,440

Schedule of Financial Assets and Liabilities at Fair Value

	December 31, 2013
			Fair Value Measurements at Reporting Date Using
			Quoted Prices in
			Active Markets
			for Identical		Significant Other		Significant
			Assets and		Observable		Unobservable
	Carrying		Liabilities		Inputs		Inputs		Fair
	Amount		(Level 1)		(Level 2)		(Level 3)		Value
Assets:
Mortgage loans on real estate, held for
investment	$	665,569	$	-	$	-	$	690,591	$	690,591
Policy loans		369,513		-		-		369,513		369,513
Notes receivable		27,383		-		-		27,383		27,383
Short-term investments		1,180,314		1,180,314		-		-		1,180,314
Cash and cash equivalents		3,377,978		3,377,978		-		-		3,377,978
Liabilities:
Policyholder deposits
(Investment-type contracts)		14,739,655		-		-		14,739,655		14,739,655
Surplus Notes and Accrued Interest Payable		714,000		-		-		704,192		704,192

	December 31, 2012
			Fair Value Measurements at Reporting Date Using
			Quoted Prices in
			Active Markets
			for Identical		Significant Other		Significant
			Assets and		Observable		Unobservable
	Carrying		Liabilities		Inputs		Inputs		Fair
	Amount		(Level 1)		(Level 2)		(Level 3)		Value
Assets:
Mortgage loans on real estate, held for
investment	$	677,011	$	-	$	-	$	706,434	$	706,434
Policy loans		274,664		-		-		274,664		274,664
Notes receivable		27,383		-		-		27,383		27,383
Short-term investments		1,171,280		1,171,280		-		-		1,171,280
Cash and cash equivalents		4,346,555		4,346,555		-		-		4,346,555
Liabilities:
Policyholder deposits
(Investment-type contracts)		12,865,671		-		-		13,163,620		13,163,620
Surplus Notes and Accrued Interest Payable		782,000		-		-		777,218		777,218