Deferred Policy Acquisition Costs

12 Months Ended

May 31, 2014

Deferred Policy Acquisition Costs

Deferred Policy Acquisition Costs

Note D - Deferred Policy Acquisition Costs

The following reflects the policy acquisition costs deferred for amortization against future income and the related amortization charged to operations.

	2014			2013
Balance at beginning of year	$	138,497		$	167,010
Acquisition costs deferred		274,779			239,074
Amortization charged to operations		(260,668	)		(267,587	)
Total	$	152,608		$	138,497