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Consolidated Statements of Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues [Abstract]    
Insurance premiums $ (152) $ 135,387
Investment income, net of expenses 120,581 515,888
Net realized gains on investments 353,602 47,824
Amortization of deferred gain on reinsurance 2,643,801 117,871
Miscellaneous income 281,956 58,842
Total revenues 3,399,788 875,812
Expenses:    
Interest credited 6,584 47,936
Benefits 34,436 93,646
Increase in benefit reserves 34,500 (27,121)
Salaries and benefits 2,701,314 2,160,853
Other operating expenses 5,997,955 3,637,748
Total expenses 8,774,789 5,913,062
Loss from continuing operations before taxes (5,375,001) (5,037,250)
Federal income tax (234,180) 0
Loss from continuing operations (5,609,181) (5,037,250)
Discontinued operations    
Loss from discontinued operations   (28,284)
Net loss (5,609,181) (5,065,534)
Less: Gain attributable to noncontrolling interest (124,477)  
Net loss attributable to Midwest Holding Inc. (5,733,658) (5,065,534)
Comprehensive loss:    
Unrealized gains (losses) on investments arising during period, net of tax 2,645,015 (1,258,971)
Unrealized gains on foreign currency, net of tax 146,185  
Less: reclassification adjustment for net realized gains on investments (353,602) (47,824)
Other comprehensive income (loss), net of tax 2,437,598 (1,306,795)
Comprehensive loss $ (3,296,060) $ (6,372,329)
Net loss per common share    
Basic $ (0.010) $ (0.220)
Diluted $ (0.010) $ (0.005)