Deposit-Type Contracts

3 Months Ended

Mar. 31, 2020

Separate Accounts Disclosure [Abstract]

Note 12. Deposit-Type Contracts

The Company’s deposit-type contracts represent the contract value that has accrued to the benefit of policyholders as of the balance sheet date. Liabilities for these deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account deposits, plus interest credited, and less policyholder withdrawals. The following table provides information about deposit-type contracts for the three months ended March 31, 2020 and the year ended December 31, 2019:


	March 31, 2020		December 31, 2019
Beginning balance	$	171,168,785	$	7,234,927
US Alliance		190,802		657,986
Ironbound Reinsurance Company Limited		—		1,839,551
SDA Annuity & Life Re (includes MVA adjustment and embedded derivative)		—		194,940
Deposits received		47,815,010		161,392,700
Investment earnings (includes MVA adjustment and embedded derivative)		1,474,771		9,271
Withdrawals		(186,689)		(160,590)
Ending balance	$	220,462,679	$	171,168,785