Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
Securities available for sale:
Fixed maturities (amortized cost: $16,831,594 and $14,932,459, respectively)	$ 16,402,362	$ 14,190,707
Equity securities (cost: $75,000 and $75,000 respectively)	75,000	75,000
Equity method investments	1,579,173	1,800,859
Equity securities, at cost	248,633	1,273,938
Mortgage loans on real estate, held for investment	658,210	665,569
Real estate, held for investment	544,819	553,849
Policy loans	505,614	369,513
Notes receivable		27,383
Short-term investments	1,064,980	1,180,314
Total investments	21,078,791	20,137,132
Cash and cash equivalents	2,451,805	3,377,978
Amounts recoverable from reinsurers	29,484,226	30,660,618
Interest and dividends due and accrued	190,233	189,280
Due premiums	620,532	653,137
Deferred acquisition costs, net	2,697,408	2,722,819
Value of business acquired, net	749,267	821,771
Intangible assets, net	700,000	700,000
Goodwill	1,129,824	1,129,824
Property and equipment, net	346,608	372,368
Other assets	1,915,130	1,473,745
Total assets	61,363,824	62,238,672
Liabilities:
Benefit reserves	33,521,273	33,866,409
Policy claims	882,028	529,139
Deposit-type contracts	15,972,961	14,739,655
Advance premiums	94,182	87,850
Total policy liabilities	50,470,444	49,223,053
Accounts payable and accrued expenses	1,675,607	1,451,464
Surplus notes	550,000	550,000
Total liabilities	52,696,051	51,224,517
Commitments and Contingencies (See Note 8)
Stockholders' Equity:
Common stock, $0.001 par value. Authorized 120,000,000 shares; issued and outstanding 13,167,654 shares as of September 30, 2014 and December 31, 2013	13,168	9,121
Additional paid-in capital	29,541,093	25,131,714
Stock subscription receivable		(1,917)
Accumulated deficit	(20,423,946)	(17,707,433)
Accumulated other comprehensive loss	(462,718)	(740,091)
Total Midwest Holding Inc.'s stockholders' equity	8,667,773	6,691,468
Noncontrolling interests		4,322,687
Total stockholders' equity	8,667,773	11,014,155
Total liabilities and stockholders' equity	61,363,824	62,238,672
Series A Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	74	74
Series B Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	$ 102