Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Assets
Investments, available for sale, at fair value fixed maturities (amortized cost: $116,676,312 and $19,226,841, respectively) (see Note 6)	$ 117,241,861	$ 17,384,183
Mortgage loans on real estate, held for investment	13,810,041
Derivatives	575,294
Other invested assets	2,468,947
Investment escrow	3,899,986
Preferred stock	500,000
Policy loans	106,014	43,843
Total investments	138,602,143	17,428,026
Cash and cash equivalents	43,716,205	2,832,567
Premiums receivable	355,959	346,870
Accrued investment income	1,511,200	200,708
Reinsurance recoverables (Note 10)	30,579,524	23,100,644
Intangible assets	700,000	700,000
Property and equipment, net	85,395	91,414
Operating lease right-of-use assets	470,132	592,065
Other assets	241,580	261,884
Assets associated with business held for sale (see Note 4)	3,653,748	20,937,071
Total assets	219,915,886	66,491,249
Liabilities:
Benefit reserves	16,319,912	16,012,655
Policy claims	225,228	270,785
Deposit-type contracts	171,168,785	7,234,927
Advance premiums	261	490
Long-term debt		18,938,705
Deferred gain on coinsurance transactions	7,578,195	3,899,999
Lease liabilities (See Note 15):
Finance lease	1,860	9,299
Operating lease	524,248	646,519
Other liabilities	6,291,782	1,062,087
Liabilities associated with business held for sale (see Note 4)	3,646,867	21,052,733
Total liabilities	205,757,138	69,128,199
Commitments and Contingencies (See Note 14)
Stockholders' Equity:
Common stock, $0.001 par value; authorized 1,970,000,000 shares; issued and outstanding 1,023,408,553 as of December 31, 2019 and 22,873,764 as of December 31, 2018.	1,023,409	22,874
Additional paid-in capital	53,472,988	33,006,242
Accumulated deficit	(41,081,710)	(35,348,052)
Accumulated other comprehensive income (loss)	619,584	(1,818,014)
Total Midwest Holding Inc.'s stockholders' equity (deficit)	14,034,271	(4,136,950)
Noncontrolling interest	124,477
Total stockholders' equity (deficit)	14,158,748	(4,136,950)
Total liabilities, mezzanine, and stockholders' equity	219,915,886	66,491,249
Series C Preferred Stock [Member]
Mezzanine Equity:
Preferred stock, Series C, $0.001 par value; authorized 1,500,000 shares; none issued and outstanding as of December 31, 2019 and 1,500,000 as of December 31, 2018		$ 1,500,000