Reinsurance (Tables)

12 Months Ended

Dec. 31, 2019

Reinsurance Disclosures [Abstract]

Summary of Significant Reinsurance Amounts

	December 31, 2019		December 31, 2018
Balance sheets:
Benefit and claim reserves ceded	$	30,579,524	$	23,100,644

	Year ended December 31,
	2019		2018
Statements of comprehensive income:
Premiums assumed	$	—	$	10,268
Premiums ceded		996,711		848,374
Benefits assumed		—		92,792
Benefits ceded		201,823		141,896
Commissions assumed		—		18
Commissions ceded		10,445		54,346

Schedule of Significant Reinsurance Balances

							Recoverable on				Total Amount
			Recoverable		Recoverable		Benefit		Ceded		Recoverable
	AM Best		on Paid		on Unpaid		Reserves/Deposit-		Due		from
Reinsurer	Rating		Losses		Losses		type Contracts		Premiums		Reinsurer
Ironbound Reinsurance Company Limited		NR	$	—	$	—	$	4,213,699	$	—	$	4,213,699
Optimum Re Insurance Company		A		—		—		489,770		—		489,770
Sagicor Life Insurance Company		A-		—		130,538		11,347,962		270,273		11,208,227
SDA Annuity & Life Re		NR		—		—		2,506,911		—		2,506,911
US Alliance Life and Security Company		NR		—		23,000		12,207,079		69,162		12,160,917
			$	—	$	153,538	$	30,765,421	$	339,435	$	30,579,524