Cost of Insurance Acquired (Tables)

12 Months Ended

Dec. 31, 2017

Cost of Insurance Acquired [Abstract]

Cost of Insurance Acquired

	2017			2016
Cost of insurance acquired, beginning of year	$	7,267,397		$	8,140,379
Interest accretion		967,032			1,071,790
Amortization		(1,806,137	)		(1,944,772	)
Net amortization		(839,105	)		(872,982	)
Cost of insurance acquired, end of year	$	6,428,292		$	7,267,397

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
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
2022	501,324	1,189,672	688,348