Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

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
June 30, 2015
Fixed maturities:
U.S. government obligations	$	-	$	3,664,692	$	-	$	3,664,692
States and political subdivisions — general obligations		-		384,261		-		384,261
States and political subdivisions — special revenue		-		630,155		-		630,155
Corporate		-		15,079,278		-		15,079,278
Total fixed maturities	$	-	$	19,758,386	$	-	$	19,758,386
December 31, 2014
Fixed maturities:
U.S. government obligations	$	-	$	3,772,754	$	-	$	3,772,754
States and political subdivisions — general obligations		-		1,029,008		-		1,029,008
States and political subdivisions — special revenue		-		1,221,850		-		1,221,850
Corporate		-		12,930,578		-		12,930,578
Total fixed maturities		-		18,954,190		-		18,954,190
Equity securities:
Preferred corporate stock		-		75,000		-		75,000
Total equity securities		-		75,000		-		75,000
Total	$	-	$	19,029,190	$	-	$	19,029,190

Schedule of Financial Assets and Liabilities at Fair Value

	June 30, 2015
			Fair Value Measurements at 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:
Policy loans	$	409,872	$	-	$	-	$	409,872	$	409,872
Cash and cash equivalents		1,760,294		1,760,294		-		-		1,760,294
Liabilities:
Policyholder deposits
(Deposit-type contracts)		17,337,958		-		-		17,337,958		17,337,958
Surplus notes and accrued interest payable		763,032		-		-		756,326		756,326
	December 31,2014
			Fair Value Measurements at Date Using
			Quoted Prices in
			Active Markets
			for Identical		Significant Other		Significant
			Assets and		Observable		Unobservable
	Carrying		Liabilities		Inputs		Inputs		Fair
	Amount		(Level1)		(Level 2)		(Level 3)		Value
Assets:
Mortgage loans on real estate held for
investment	$	349,386	$	-	$	-	$	349,386	$	349,386
Policy loans		374,186		-		-		374,186		374,186
Cash and cash equivalents		2,310,047		2,310,047		-		-		2,310,047
Liabilities:
Policyholder deposits
(Deposit-type contracts)		16,461,061		-		-		16,461,061		16,461,061
Surplus notes and accrued interest payable		746,927		-		-		739,042		739,042