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Income Statement (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Premiums and policy fees $ 2,733,687 $ 3,212,746
Ceded reinsurance premiums and policy fees (780,983) (775,702)
Net investment income 4,533,119 4,381,392
Other income 520,431 521,359
Revenues before realized gains 7,006,254 7,339,795
Realized investment gains (losses), net:    
Other-than-temporary impairments 0 (26,926)
Other realized investment gains, net 277,424 71,649
Total realized investment gains, net 277,424 44,723
Total revenue 7,283,678 7,384,518
Benefits, claims and settlement expenses:    
Life 6,686,047 5,856,321
Ceded Reinsurance benefits and claims (1,202,470) (597,779)
Annuity 278,577 267,539
Dividends to policyholders 136,172 147,222
Commissions and amortization of deferred policy acquisition costs (101,137) (23,552)
Amortization of cost of insurance acquired 246,412 266,088
Operating expenses 2,656,118 2,055,125
Interest expense 181,832 110,437
Total benefits and other expenses 8,881,551 8,081,401
Loss before income taxes (1,597,873) (696,883)
Income tax (expense) benefit 192,511 (67,308)
Net loss (1,405,362) (764,191)
Net income attributable to noncontrolling interests (122,954) (146,081)
Net loss attributable to common shareholders' $ (1,528,316) $ (910,272)
Amounts attributable to common shareholders':    
Basic loss per share $ (0.41) $ (0.24)
Diluted loss per share $ (0.41) $ (0.24)
Basic weighted average shares outstanding 3,771,867 3,796,527
Diluted weighted average shares outstanding 3,771,867 3,796,527