Cost of Insurance Acquired (Tables)

12 Months Ended

Dec. 31, 2016

Cost of Insurance Acquired [Abstract]

Cost of Insurance Acquired

	2016			2015
Cost of insurance acquired, beginning of year	$	8,140,379		$	9,047,984
Interest accretion		1,071,790			1,180,703
Amortization		(1,944,772	)		(2,088,308	)
Net amortization		(872,982	)		(907,605	)
Cost of insurance acquired, end of year	$	7,267,397		$	8,140,379

Estimated Net Amortization Expense of Cost of Insurance Acquired for Next Five Years

Estimated net amortization expense of cost of insurance acquired for the next five years is as follows:

	Interest Accretion		Amortization		Net Amortization
2017		967,032		1,806,137		839,105
2018		866,339		1,672,404		806,065
2019		769,612		1,545,518		775,906
2020		676,503		1,421,353		744,850
2021		587,120		1,302,090		714,970