Statement of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Cash flows from operating activities:
Net income attributable to common shares	$ 10,453,034	$ 3,359,965
Amortization (accretion) of investments	(975,910)	(1,561,370)
Realized investment (gains) losses, net	(7,135,970)	(1,556,398)
Unrealized trading gains included in income	(528,698)	(73,504)
Amortization of deferred policy acquisition costs	15,512	17,173
Amortization of cost of insurance acquired	286,375	307,754
Depreciation	446,177	341,698
Net income attributable to noncontrolling interest	273,214	424,404
Charges for mortality and administration of universal life and annuity products	(1,789,191)	(1,876,695)
Interest credited to account balances	1,422,593	1,456,546
Change in accrued investment income	(535,714)	922,506
Change in reinsurance receivables	718,638	982,019
Change in policy liabilities and accruals	(462,586)	(1,381,400)
Change in income taxes receivable/payable	2,664,281	(1,748,580)
Change in other assets and liabilities, net	(1,245,683)	(206,934)
Net cash used in operating activities	(1,620,445)	(592,816)
Cash flows from investing activities:
Fixed maturities available for sale	49,673,705	40,696,499
Equity securities available for sale	296,399	1,060,590
Trading securities	3,863,825	27,070,602
Mortgage loans	2,430,247	185,428
Discounted mortgage loans	3,257,451	5,292,482
Real estate	8,173,899	190,889
Policy loans	1,134,602	957,907
Total proceeds from investments sold and matured	68,830,128	75,454,397
Cost of investments acquired:
Fixed maturities available for sale	(85,553,891)	(36,977,813)
Equity securities available for sale	(166,407)	(683,935)
Trading securities	(3,443,030)	(23,061,679)
Mortgage loans	(392)	(732)
Discounted mortgage loans	(5,875,374)	(3,932,036)
Real estate	(3,203,558)	(506,627)
Policy loans	(749,810)	(876,608)
Total cost of investments acquired	(98,992,462)	(66,039,430)
Purchase of property and equipment	0	0
Net cash provided by (used in) investing activities	(30,162,334)	9,414,967
Cash flows from financing activities:
Policyholder contract deposits	1,617,272	1,700,281
Policyholder contract withdrawals	(1,638,400)	(1,361,195)
Proceeds from notes payable/line of credit	350,000	150,000
Payments of principal on notes payable/line of credit	(359,347)	(2,449,174)
Purchase of treasury stock	(433,177)	(228,613)
Distributions to minority interests of consolidated subsidiaries	10,000	0
Net cash used in financing activities	(473,652)	(2,188,701)
Net increase (decrease) in cash and cash equivalents	(32,256,431)	6,633,450
Cash and cash equivalents at beginning of period	82,925,675	18,483,452
Cash and cash equivalents at end of period	$ 50,669,244	$ 25,116,902