CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 22,385	$ 28,325
Investments:
Fixed maturities (cost: $189,959 and $171,882)	206,688	171,648
Common and non-redeemable preferred stocks (cost: $9,979 and $9,979)	7,978	8,524
Other invested assets (cost: $591 and $980)	591	980
Policy and student loans	2,231	2,200
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	218,764	184,628
Receivables:
Reinsurance	15,016	14,301
Investment sales pending settlement	675	15,438
Insurance premiums and other (net of allowance for doubtful accounts: $423 and $442)	9,487	7,051
Deferred income taxes, net		3,228
Deferred acquisition costs	23,396	21,239
Other assets	1,010	1,228
Goodwill	2,128	2,128
Total assets	292,861	277,566
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	62,446	60,811
Unearned premiums	21,168	21,170
Losses and claims	56,030	53,961
Other policy liabilities	1,548	1,960
Total policy liabilities	141,192	137,902
Accounts payable and accrued expenses	12,385	15,733
Deferred income taxes, net	2,920
Junior subordinated debenture obligations	41,238	41,238
Total liabilities	197,735	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: 22,223,394 and 22,257,035	22,374	22,374
Additional paid-in capital	57,129	57,129
Retained earnings	6,928	5,389
Accumulated other comprehensive income (loss)	8,858	(2,107)
Treasury stock, at cost: 150,506 and 116,865 shares	(233)	(162)
Total shareholders' equity	95,126	82,693
Total liabilities and shareholders' equity	$ 292,861	$ 277,566