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Consolidated Statements of Comprehensive Income (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Income:    
Premiums $ 4,331,329 $ 4,208,659
Investment income, net of expenses 521,746 480,183
Net realized gains on investments 5,736 134,120
Miscellaneous income 246,328 103,175
Realized gain on deconsolidation of Hot Dot, Inc.    278,513
Realized gain on initial consolidation of Great Plains Financial Corp.    118,612
Total Income 5,105,139 5,323,262
Expenses:    
Death and other benefits 676,524 814,306
Increase in benefit reserves 1,282,878 993,103
Amortization of deferred acquisition costs 861,840 631,121
Salaries and benefits 1,945,723 2,344,268
Other operating expenses 2,556,094 3,059,773
Total Expenses 7,323,059 7,842,571
Loss before income tax expense (2,217,920) (2,519,309)
Income tax expense      
Net loss (2,217,920) (2,519,309)
Less: Loss attributable to noncontrolling interests (267,481) (861,622)
Net loss attributable to Midwest Holding Inc. (1,950,439) (1,657,687)
Comprehensive income (loss)    
Unrealized (losses) gains on investments arising during period (701,973) 442,286
Less: reclassification adjustment for net realized gains on investments (5,736) (134,120)
Other comprehensive (loss) income (707,709) 308,166
Less: Comprehensive (loss) attributable to noncontrolling interest (31,970)   
Total comprehensive (loss) income attributable to Midwest Holding, Inc. (675,739) 308,166
Comprehensive loss attributable to Midwest Holding Inc. $ (2,626,178) $ (1,349,521)
Net loss attributable to Midwest Holding Inc. per common share, basic and diluted $ (0.29) $ (0.18)