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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Investments, available for sale, at fair value    
Fixed maturities (amortized cost: $29,024,083 and $24,279,231, respectively) $ 27,738,939 $ 23,271,277
Equity securities (cost: $0 and $75,000, respectively)  
Equity method investments  
Equity securities, at cost 140,250
Mortgage loans on real estate, held for investment  
Real estate, held for investment 517,729 529,769
Policy Loans 412,583 420,775
Total investments 28,669,251 24,362,071
Cash and cash equivalents 661,545 1,192,336
Amounts recoverable from reinsurers 11,704,055 12,212,656
Interest due and accrued 312,054 264,791
Due premiums 670,989 640,073
Deferred acquisition costs, net 2,568,799 2,765,063
Value of business acquired, net 1,726,192 2,039,110
Intangible assets 700,000 700,000
Goodwill 1,129,824
Property and equipment, net 158,471 217,565
Assets associated with business held for sale (see Note 3) 16,870,241
Other assets 95,773 532,674
Total assets 47,267,129 62,926,404
Liabilities:    
Benefit reserves 24,606,543 24,155,140
Policy claims 565,148 839,859
Deposit-type contracts 16,012,567 13,897,421
Advance premiums 52,074 57,699
Total policy liabilities 41,236,332 38,950,119
Accounts payable and accrued expenses 1,211,875 1,013,313
Liabilities associated with business held for sale (see Note 3) 15,508,998
Surplus notes 550,000 550,000
Total liabilities 42,998,207 56,022,430
Commitments and Contingencies (See Note 8)  
Stockholders' Equity:    
Common stock, $0.001 par value. Authorized 120,000,000 shares; issued and outstanding 22,558,956 and 18,006,301 shares as of December 31, 2016 and 2015, respectively. 22,559 18,006
Additional paid-in capital 33,036,924 31,584,529
Accumulated deficit (27,533,447) (23,685,525)
Accumulated other comprehensive loss (1,257,291) (1,013,213)
Total stockholders' equity 4,268,922 6,903,974
Total liabilities and stockholders' equity 47,267,129 62,926,404
Series A Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock 74 74
Series B Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock $ 103 $ 103