CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 24,652	$ 28,325
Investments:
Fixed maturities (cost: $186,215 and $171,882)	187,689	171,648
Common and non-redeemable preferred stocks (cost: $9,979 and $9,979)	8,994	8,524
Other invested assets (cost: $956 and $980)	956	980
Policy and student loans	2,201	2,200
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	201,116	184,628
Receivables:
Reinsurance	14,277	14,301
Investment sales pending settlement	0	15,438
Insurance premiums and other (net of allowance for doubtful accounts: $441 and $442)	7,491	7,051
Deferred income taxes, net	2,079	3,228
Deferred acquisition costs	21,919	21,239
Other assets	1,224	1,228
Goodwill	2,128	2,128
Total assets	274,886	277,566
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	61,746	60,811
Unearned premiums	19,567	21,170
Losses and claims	54,515	53,961
Other policy liabilities	1,575	1,960
Total policy liabilities	137,403	137,902
Accounts payable and accrued expenses	12,057	15,733
Junior subordinated debenture obligations	41,238	41,238
Total liabilities	190,698	194,873
Commitments and contingencies (Note 9)
Shareholders' equity:
Preferred stock, $1 par, 4,000,000 shares authorized;Series D preferred, 70,000 shares issued and outstanding; $7,000 redemption value	70	70
Common stock, $1 par, 50,000,000 shares authorized; shares issued: 22,373,900; shares outstanding: 22,231,540 and 22,257,035	22,374	22,374
Additional paid-in capital	57,129	57,129
Retained earnings	5,351	5,389
Accumulated other comprehensive loss	(520)	(2,107)
Treasury stock, at cost: 142,360 and 116,865 shares	(216)	(162)
Total shareholders' equity	84,188	82,693
Total liabilities and shareholders' equity	$ 274,886	$ 277,566