Long Term Incentive Plan	9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Long Term Incentive Plan	Note 17. Long Term Incentive Plan On June 11, 2019 during the Company’s annual meeting of shareholders, the Company’s shareholders approved the Midwest Holding Inc. 2019 Long-Term Incentive Plan (“LTIP”). The purposes of this plan are to create incentives which are designed to motivate participants to put forth maximum effort toward the success and growth of the Company and to enable the Company to attract and retain experienced individuals who by their position, ability and diligence are able to make important contributions to the Company’s success. Toward these objectives, this plan provides for the grant of options, restricted stock awards, restricted stock units, stock appreciation right (“SARs”), performance units, performance bonuses, stock awards and other incentive awards to eligible employees. Also the plan provides for the grant of nonqualified stock options, restricted stock awards, restricted stock units, SARs, performance units, stock awards and other incentive awards to consultants and eligible directors, subject to the conditions set forth in this plan. Under the LTIP, the aggregate number of shares of common stock that may be covered that are designated as incentive stock options may not exceed 51,000,000. On July 19, 2019, stock options for 8,950,000 shares at an exercisable conversion price of $.05 per share were granted on a company-wide basis with one-third exercisable after July 17, 2021 and two-thirds exercisable after July 17, 2023. The fair market value of the shares was approximately $.05 a share at grant date.

Note 17. Long Term Incentive Plan

On June 11, 2019 during the Company’s annual meeting of shareholders, the Company’s shareholders approved the Midwest Holding Inc. 2019 Long-Term Incentive Plan (“LTIP”). The purposes of this plan are to create incentives which are designed to motivate participants to put forth maximum effort toward the success and growth of the Company and to enable the Company to attract and retain experienced individuals who by their position, ability and diligence are able to make important contributions to the Company’s success. Toward these objectives, this plan provides for the grant of options, restricted stock awards, restricted stock units, stock appreciation right (“SARs”), performance units, performance bonuses, stock awards and other incentive awards to eligible employees. Also the plan provides for the grant of nonqualified stock options, restricted stock awards, restricted stock units, SARs, performance units, stock awards and other incentive awards to consultants and eligible directors, subject to the conditions set forth in this plan. Under the LTIP, the aggregate number of shares of common stock that may be covered that are designated as incentive stock options may not exceed 51,000,000.

On July 19, 2019, stock options for 8,950,000 shares at an exercisable conversion price of $.05 per share were granted on a company-wide basis with one-third exercisable after July 17, 2021 and two-thirds exercisable after July 17, 2023. The fair market value of the shares was approximately $.05 a share at grant date.