Cost of Insurance Acquired (Details) - USD ($)	12 Months Ended
Dec. 31, 2019	Dec. 31, 2018
Cost of insurance acquired [Roll Forward]
Interest rate used in amortization calculation	12.00%
Cost of insurance acquired, beginning of year	$ 5,622,227	$ 6,428,292
Interest accretion	769,612	866,339
Amortization	(1,545,518)	(1,672,404)
Net amortization	(775,906)	(806,065)
Cost of insurance acquired, end of year	4,846,321	$ 5,622,227
Interest Accretion [Abstract]
2020	676,503
2021	587,120
2022	501,324
2023	418,722
2024	339,372
Amortization [Abstract]
2020	1,421,353
2021	1,302,090
2022	1,189,672
2023	1,079,979
2024	975,187
Net Amortization [Abstract]
2020	744,850
2021	714,970
2022	688,348
2023	661,257
2024	$ 635,815

The adjustment that represents the periodic charge against earnings to reduce the value of business acquired (VOBA) over the expected life of the underlying insurance contracts. VOBA reflects the estimated fair value of a life insurance business in force and represents the portion of the cost to acquire the business that is allocated to the value of the right to receive future cash flows from insurance contracts existing at the date of acquisition. Such value is the present value of the actuarially determined projected cash flows for the acquired policies. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 20
-Section S99
-Paragraph 2
-Subparagraph (2)
-URI http://asc.fasb.org/extlink&oid=27015749&loc=d3e569990-122904

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585