Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Investments, All Other Investments [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
December 31, 2016
Fixed maturities:
U.S. government obligations	$	-	$	3,224,219	$	-	$	3,224,219
States and political subdivisions — general obligations		-		381,395		-		381,395
States and political subdivisions — special revenue		-		277,735		-		277,735
Corporate		-		23,855,590		-		23,855,590
Total fixed maturities	$	-	$	27,738,939	$	-	$	27,738,939
December 31, 2015
Fixed maturities:
U.S. government obligations	$	-	$	3,193,499	$	-	$	3,193,499
States and political subdivisions — general obligations		-		995,051		-		995,051
States and political subdivisions — special revenue		-		273,336		-		273,336
Corporate		-		18,809,391		-		18,809,391
Total fixed maturities	$	-	$	23,271,277	$	-	$	23,271,277

Schedule of Financial Assets and Liabilities at Fair Value

	December 31, 2016
			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	$	412,583	$	-	$	-	$	412,583	$	412,583
Cash and cash equivalents		661,545		661,545		-		-		661,545
Liabilities:
Policyholder deposits
(Deposit-type contracts)		16,012,567		-		-		16,012,567		16,012,567
Surplus notes and accrued interest payable		811,971		-		-		808,602		808,602

		December 31, 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	$	420,775	$	-	$	-	$	420,775	$	420,775
Cash and cash equivalents		1,192,336		1,192,336		-		-		1,192,336
Liabilities:
Policyholder deposits
(Investment-type contracts)		13,897,421		-		-		13,897,421		13,897,421
Surplus notes and accrued interest payable		779,405		-		-		768,022		768,022