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Reinsurance (Tables)
12 Months Ended
Dec. 31, 2014
Insurance [Abstract]  
Summary of life insurance in-force
 
The following tables summarize life insurance in-force and total premium income at and for the year ended December 31, 2013:
 
 
 
Life insurance in-force
 
 
Individual
 
Group
 
Total
Written and earned direct
 
$
51,660,487

 
$
40,520,417

 
$
92,180,904

Reinsurance ceded
 
(9,512,583
)
 

 
(9,512,583
)
Reinsurance assumed
 
66,209,732

 

 
66,209,732

Net
 
$
108,357,636

 
$
40,520,417

 
$
148,878,053

Percentage of amount assumed to net
 
61
%
 
%
 
44
%
 
The following tables summarize life insurance in-force and total premium income at and for the year ended December 31, 2014:
 
 
 
Life insurance in-force
 
 
Individual
 
Group
 
Total
Written and earned direct
 
$
52,836,475

 
$
41,268,214

 
$
94,104,689

Reinsurance ceded
 
(9,773,885
)
 

 
(9,773,885
)
Reinsurance assumed
 
61,911,865

 

 
61,911,865

Net
 
$
104,974,455

 
$
41,268,214

 
$
146,242,669

Percentage of amount assumed to net
 
59
%
 
%
 
42
%
Summary of total premium income
 
 
Premium income
 
 
Life insurance
 
Annuities
 
Total
Written and earned direct
 
$
315,100

 
$
4,000

 
$
319,100

Reinsurance ceded
 
(1,338
)
 
(88
)
 
(1,426
)
Reinsurance assumed
 
146,419

 

 
146,419

Net
 
$
460,181

 
$
3,912

 
$
464,093

The following table summarizes total premium income for the year ended December 31, 2012:
 
 
 
Premium income
 
 
Life insurance
 
Annuities
 
Total
Written and earned direct
 
$
323,236

 
$
3,712

 
$
326,948

Reinsurance ceded
 
(53,950
)
 
3,648

 
(50,302
)
Reinsurance assumed
 
145,507

 

 
145,507

Net
 
$
414,793

 
$
7,360

 
$
422,153

 
 
Premium income
 
 
Life insurance
 
Annuities
 
Total
Written and earned direct
 
$
360,959

 
$
1,255

 
$
362,214

Reinsurance ceded
 
(45,925
)
 
(95
)
 
(46,020
)
Reinsurance assumed
 
130,201

 

 
130,201

Net
 
$
445,235

 
$
1,160

 
$
446,395