CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Assets
Investments, available for sale, at fair value fixed maturities (amortized cost: $152,339,447 and $116,676,312, respectively) (See Note 5)	$ 125,832,863	$ 117,241,861
Mortgage loans on real estate, held for investment	48,982,622	13,810,041
Derivatives	463,330	575,294
Other invested assets	2,796,352	2,468,947
Investment escrow		3,899,986
Preferred stock	500,000	500,000
Policy loans	128,734	106,014
Total investments	178,703,901	138,602,143
Cash and cash equivalents	25,506,856	43,716,205
Deferred acquisition costs, net	1,633,037
Premiums receivable	350,360	355,959
Accrued investment income	2,563,529	1,511,200
Reinsurance recoverables (Note 9)	51,200,947	30,579,524
Intangible assets	700,000	700,000
Property and equipment, net	81,165	85,395
Operating lease right of use assets	439,648	470,132
Other assets	322,358	241,580
Assets associated with business held for sale (see Note 3)	2,526,376	3,653,748
Total assets	264,028,177	219,915,886
Liabilities:
Benefit reserves	16,413,606	16,319,912
Policy claims	156,820	225,228
Deposit-type contracts	220,462,679	171,168,785
Advance premiums	8,536	261
Deferred gain on coinsurance transactions	8,612,135	7,578,195
Lease liabilities (See Note 14):
Finance lease	1,860	1,860
Operating lease	490,870	524,248
Other liabilities	6,756,091	6,291,782
Liabilities associated with business held for sale (See Note 3)	2,520,198	3,646,867
Total liabilities	255,422,795	205,757,138
Commitments and Contingencies (See Note 13)
Stockholders' Equity:
Common stock, $0.001 par value; authorized 1,970,000,000 shares; issued and outstanding as of March 31, 2020 and 1,023,408,553 as of December 31, 2019.	1,023,409	1,023,409
Additional paid-in capital	53,484,922	53,472,988
Accumulated deficit	(19,533,252)	(41,081,710)
Accumulated other comprehensive income (loss) (See Note 6)	(26,556,674)	619,584
Total Midwest Holding Inc.'s stockholders' equity	8,418,405	14,034,271
Noncontrolling interest	186,977	124,477
Total stockholders' equity	8,605,382	14,158,748
Total liabilities and stockholders' equity	$ 264,028,177	$ 219,915,886