Deposit-Type Contracts

12 Months Ended

Dec. 31, 2016

Separate Accounts Disclosure [Abstract]

Deposit-Type Contracts

Note 8. 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 the years ended December 31, 2016 and 2015:  

	Year Ended December 31,
	2016			2015
Beginning balance	$	13,897,421		$	10,722,227
First Wyoming Life beginning balance		-			799,990
Change in deposit-type contracts assumed from SNL		-			(1,200	)
Deposits received		2,433,781			2,387,104
Investment earnings		776,541			533,646
Withdrawals		(1,086,661	)		(533,762	)
Contract Charges		(8,515	)		(10,584	)
Ending balance	$	16,012,567		$	13,897,421

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. The remaining deposits, withdrawals and interest credited represent those for American Life’s direct business.