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Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Earnings Per Share [Abstract]          
Common stock, par value (in dollars per share) $ 0.001   $ 0.001   $ 0.001
Common stock, shares authorized 20,000,000   20,000,000   20,000,000
Non-voting common shares authorized 2,000,000   2,000,000   2,000,000
Preferred stock, shares authorized 2,000,000   2,000,000   2,000,000
Common stock, shares issued 3,737,564   3,737,564   3,737,564
Common stock, shares outstanding 3,737,564   3,737,564   3,737,564
Non voting shares outstanding 0 0 0 0  
Nonvoting preferred shares outstanding 0 0 0 0  
Net loss attributable to Midwest Holding, Inc. $ 9,266 $ (4,992) $ 9,452 $ (6,594)  
Weighted average common shares outstanding 3,737,564 3,737,564 3,737,564 3,737,564  
Stock options and deferred compensation agreements 12,000   12,000    
Denominator for earnings (loss) per common share 3,749,564 3,737,564 3,749,564 3,737,564  
Basic Income (loss) per common share $ 2.48 $ (1.34) $ 2.53 $ (1.76)  
Diluted Income (loss) per common share $ 2.47 $ (1.34) $ 2.52 $ (1.76)