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Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Earnings Per Share [Abstract]          
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 3,727,976 3,737,564 3,727,976 3,737,564 3,737,564
Common stock, shares outstanding 3,727,976 3,737,564 3,727,976 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. $ 7,431 $ (3,064) $ 16,883 $ (9,656)  
Weighted average common shares outstanding 3,736,933 3,737,564 3,791,082 3,737,564  
Stock options and deferred compensation agreements 52,000   52,000    
Denominator for earnings (loss) per common share 3,788,933 3,737,564 3,843,082 3,737,564  
Basic Income (loss) per common share $ 1.99 $ (0.82) $ 4.52 $ (2.58)  
Diluted Income (loss) per common share $ 1.96 $ (0.82) $ 4.45 $ (2.58)