Schedule III Supplementary Insurance Information

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]

Supplementary Insurance Information

Midwest Holding Inc. and Subsidiaries

Supplementary Insurance Information

As of December 31, 2019

For the Year Ended December 31, 2019

Future Policy

Death and

Benefits,

Deferred

Other Benefits

Claims and

Gain on

Net

and Increase

Other

Deposit-type

Advance

Coinsurance

Premium

Investment

in Benefit

Operating

Contracts

Premiums

Transaction

Revenue

Income

Reserves

Expenses

Life Insurance

$

187,713,925

$

261

$

7,578,195

$

(152)

$

120,581

$

75,520

$

8,699,269

As of December 31, 2018

For the Year Ended December 31, 2018

Future Policy

Death and

Benefits,

Deferred

Other Benefits

Claims and

Gain on

Net

and Increase

Other

Deposit-type

Advance

Coinsurance

Premium

Investment

in Benefit

Operating

Contracts

Premiums

Transaction

Revenue

Income

Reserves

Expenses

Life Insurance

$

23,518,367

$

490

$

3,899,999

$

135,387

$

515,888

$

114,461

$

5,798,601