Investments (Tables)

9 Months Ended

Sep. 30, 2015

Investments [Abstract]

Schedule of Available for Sale Investments

	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
September 30, 2015:
Fixed maturities:
U.S. government obligations	$	3,715,486	$	14,412	$	27,767	$	3,702,131
States and political subdivisions -- general obligations		392,324		8		4,424		387,908
States and political subdivisions -- special revenue		146,265		1,968		1,282		146,951
Corporate		17,097,507		1,865		737,819		16,361,553
Total fixed maturities	$	21,351,582	$	18,253	$	771,292	$	20,598,543
December 31, 2014:
Fixed maturities:
U.S. government obligations	$	3,670,531	$	124,573	$	22,350	$	3,772,754
States and political subdivisions -- general obligations		1,054,400		4,971		30,363		1,029,008
States and political subdivisions -- special revenue		1,254,184		2,699		35,033		1,221,850
Corporate		13,310,436		2,071		381,929		12,930,578
Total fixed maturities		19,289,551		134,314		469,675		18,954,190
Equity securities:
Preferred corporate stock		75,000		-		-		75,000
Total equity securities		75,000		-		-		75,000
Total	$	19,364,551	$	134,314	$	469,675	$	19,029,190

Schedule of Amortized Cost, Fair Value, Credit Rating

	Amortized		Estimated
	Cost		Fair Value		Credit Rating
September 30, 2015:
Fixed maturities:
States and political subdivisions -- general obligations
Maricopa County Arizona School District No. 31	$	337,047	$	332,623	AA
Dolton Illinois		55,277		55,285	AA
States and political subdivisions -- special revenue
Pennington Cnty SD CTFS Tax		65,824		65,152	AA-
South Dakota ST Health & RV		54,858		56,826	AA-
Total	$	513,006	$	509,886

Schedule of Unrealized Loss of Securities

	September 30, 2015						December 31, 2014
			Gross		Number				Gross		Number
	Estimated		Unrealized		of		Estimated		Unrealized		of
	Fair Value		Loss		Securities		Fair Value		Loss		Securities
Fixed Maturities:
Less than 12 months:
U.S. government obligations	$	2,567,694	$	24,291		12	$	107,273	$	3,963		1
States and political subdivisions --
special revenue		65,152		671		1		-		-		-
Corporate		12,173,131		586,003		97		8,253,570		261,055		47
Greater than 12 months:
U.S. government obligations		309,696		3,476		3		1,096,399		18,387		8
States and political subdivisions --
general obligations		332,623		4,424		1		709,176		30,363		4
States and political subdivisions --
special revenue		24,973		611		1		1,052,184		35,033		9
Corporate		3,760,570		151,816		28		3,874,046		120,874		31
Total securities	$	19,233,839	$	771,292		143	$	15,092,648	$	469,675		100

Schedule of Fixed Maturities

	Amortized		Estimated
	Cost		Fair Value
Due in one year or less	$	7,968	$	8,345
Due after one year through five years		1,567,129		1,565,280
Due after five years through ten years		12,275,911		11,863,952
Due after ten years		7,500,574		7,160,966
	$	21,351,582	$	20,598,543

Components of Net Investment Income

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Fixed maturities	$	167,947		$	114,332		$	488,562		$	275,517
Equity securities		-			-			186			-
Cash and short-term investments		1			603			3			2,306
Gain (loss) from equity method investments		(79,000	)		(88,595	)		(95,650	)		(315,000	)
Other		2,415			30,644			32,831			65,372
		91,363			56,984			425,932			28,195
Less investment expenses		(12,677	)		(11,584	)		(51,501	)		(39,887	)
	$	78,686		$	45,400		$	374,431		$	(11,692	)

Schedule of Mortgage Loan Activity

	Nine months ended			Year ended
	September 30, 2015			December 31, 2014
Balance at beginning of period	$	349,386		$	665,569
Proceeds from payments on mortgage loans on real estate, held for investment		-			(3,931	)
Proceeds from settlement on mortgage loans on real estate, held for investment		(349,386	)		(312,252	)
Balance at end of period	$	-		$	349,386