Deposit-Type Contracts

9 Months Ended

Sep. 30, 2015

Note 6. Deposit-Type Contracts

The Company's deposit-type contracts represent the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. Liabilities for these deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account deposits, plus interest credited, and less policyholder withdrawals. The following table provides information about deposit-type contracts for nine months ended September 30, 2015 and year ended December 31, 2014:

	Nine Months Ended			Year Ended
	September 30, 2015			December 31, 2014
Beginning balance	$	16,461,061		$	14,739,655
Change in deposit-type contracts assumed from SNL		(1,200	)		(114,109	)
Change in deposit-type contracts fully ceded by Capital Reserve		(349,411	)		(578,716	)
Deposits received		1,725,623			2,409,659
Investment earnings		413,335			403,556
Withdrawals		(477,400	)		(398,984	)
Contract Charges		(6,884	)		-
Ending balance	$	17,765,124		$	16,461,061

Under the terms of American Life's coinsurance agreement with SNL, American Life assumes certain deposit-type contract obligations, as shown in the table above. Additionally, Capital Reserve cedes 100% of its direct business to SNL. Accordingly, this amount is presented within the corresponding single line above. The remaining deposits, withdrawals and interest credited represent those for American Life's direct business.