First Trinity Financial (FTFC) 10-Q 13 Nov 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 09, 2018
Document Information [Line Items]
Entity Registrant Name	First Trinity Financial Corp.
Entity Central Index Key	1,395,585
Trading Symbol	ftfc
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		7,802,593
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Current Period Unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Investments
Available-for-sale fixed maturity securities at fair value (amortized cost: $134,551,407 and $143,621,947 as of September 30, 2018 and December 31, 2017, respectively)	$ 132,839,018	$ 149,683,139
Available-for-sale preferred stock at fair value (cost: $99,945 as of September 30, 2018 and December 31, 2017)	98,180	100,720
Equity securities (available-for-sale in 2017) at fair value (cost: $185,655 and $502,919 as of September 30, 2018 and December 31, 2017, respectively)	201,383	571,427
Mortgage loans on real estate	121,505,716	102,496,451
Investment real estate	2,442,440	2,382,966
Policy loans	1,755,270	1,660,175
Short-term investments	135,963	547,969
Other long-term investments	58,255,713	55,814,583
Total investments	317,233,683	313,257,430
Cash and cash equivalents	29,913,662	31,496,159
Accrued investment income	2,727,777	2,544,963
Recoverable from reinsurers	1,775,081	1,340,700
Assets held in trust under coinsurance agreement	15,831,355
Agents' balances and due premiums	1,517,547	1,485,305
Deferred policy acquisition costs	28,172,290	24,555,902
Value of insurance business acquired	5,271,221	5,526,645
Other assets	11,956,822	10,920,570
Total assets	414,399,438	391,127,674
Policy liabilities
Policyholders' account balances	294,738,874	292,909,762
Future policy benefits	54,316,902	49,663,099
Policy claims	1,030,040	1,148,513
Other policy liabilities	68,331	68,490
Total policy liabilities	350,154,147	343,789,864
Funds withheld under coinsurance agreement	18,720,257
Deferred federal income taxes	2,398,299	2,961,929
Other liabilities	4,034,342	3,123,702
Total liabilities	375,307,045	349,875,495
Shareholders' equity
Common stock, par value $.01 per share (20,000,000 shares authorized, 8,050,173 issued as of September 30, 2018 and December 31, 2017 and 7,802,593 outstanding as of September 30, 2018 and December 31, 2017)	80,502	80,502
Additional paid-in capital	28,684,598	28,684,598
Treasury stock, at cost (247,580 shares as of September 30, 2018 and December 31, 2017)	(893,947)	(893,947)
Accumulated other comprehensive income (loss)	(1,331,860)	4,760,951
Accumulated earnings	12,553,100	8,620,075
Total shareholders' equity	39,092,393	41,252,179
Total liabilities and shareholders' equity	$ 414,399,438	$ 391,127,674

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Available-for-sale fixed maturity securities at cost	$ 134,551,407	$ 143,621,947
Available-for-sale equity securities at cost	99,945	99,945
Equity securities, cost	$ 185,655	$ 502,919
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	8,050,173	8,050,173
Common stock, shares outstanding (in shares)	7,802,593	7,802,593
Treasury stock, shares (in shares)	247,580	247,580

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues
Premiums	$ 4,701,250	$ 4,058,629	$ 13,760,857	$ 11,560,664
Net investment income	4,979,031	4,631,892	14,701,414	12,296,827
Net realized investment gains (losses)	245,059	(3,486)	269,531	254,108
Loss on other-than-temporary impairments				(224,250)
Service fees	66,474	3,560	300,035	10,849
Other income	11,977	21,689	58,149	81,527
Total revenues	10,003,791	8,712,284	29,089,986	23,979,725
Benefits, Claims and Expenses
Increase in future policy benefits	1,719,073	1,291,943	4,684,724	3,733,907
Death benefits	876,629	1,310,697	3,963,815	3,744,278
Surrenders	203,287	186,202	666,128	717,790
Interest credited to policyholders	2,329,858	2,293,419	6,941,291	6,530,403
Dividend, endowment and supplementary life contract benefits	64,339	68,492	197,034	200,260
Total benefits and claims	5,193,186	5,150,753	16,452,992	14,926,638
Policy acquisition costs deferred	(1,673,638)	(2,369,432)	(6,162,096)	(7,370,469)
Amortization of deferred policy acquisition costs	682,295	890,135	2,677,918	2,318,277
Amortization of value of insurance business acquired	83,935	88,625	255,424	298,089
Commissions	1,934,194	2,051,910	5,963,852	6,641,883
Other underwriting, insurance and acquisition expenses	1,849,373	1,362,524	4,981,401	4,588,947
Total expenses	2,876,159	2,023,762	7,716,499	6,476,727
Total benefits, claims and expenses	8,069,345	7,174,515	24,169,491	21,403,365
Income before total federal income tax expense (benefit)	1,934,446	1,537,769	4,920,495	2,576,360
Current federal income tax expense (benefit)		(1,320)		18,589
Deferred federal income tax expense	409,687	294,437	1,055,978	501,597
Total federal income tax expense	409,687	293,117	1,055,978	520,186
Net income	$ 1,524,759	$ 1,244,652	$ 3,864,517	$ 2,056,174
Net income per common share basic and diluted (in dollars per share)	$ 0.20	$ 0.16	$ 0.50	$ 0.26

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net income		$ 1,524,759	$ 1,244,652	$ 3,864,517	$ 2,056,174
Other Comprehensive Income (loss)
Total net unrealized investment gains (losses) arising during the period		(717,379)	703,274	(7,531,191)	4,423,541
Cumulative effect, adoption of accounting guidance for equity securities				(68,508)
Less net realized investment gains (losses) having no credit losses	[1]	205,453	(3,486)	244,930	(36,799)
Net unrealized investment gains (losses)		(922,832)	706,760	(7,844,629)	4,460,340
Less adjustment to deferred acquisition costs		(14,204)	10,532	(132,210)	79,810
Other comprehensive income (loss) before federal income tax expense		(908,628)	696,228	(7,712,419)	4,380,530
Federal income tax expense (benefit)		(190,813)	139,246	(1,619,608)	876,107
Total other comprehensive income (loss)		(717,815)	556,982	(6,092,811)	3,504,423
Total comprehensive income (loss)		$ 806,944	$ 1,801,634	$ (2,228,294)	$ 5,560,597
[1]	These items appear within net realized investment gains (losses) and other-than-temporary impairments in the consolidated statements of operations.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2016	$ 80,502	$ 28,684,598	$ (893,947)	$ 818,676	$ 7,590,446	$ 36,280,275
Comprehensive income:
Net income					2,056,174	2,056,174
Other comprehensive income				3,504,423		3,504,423
Balance at Dec. 31, 2016	80,502	28,684,598	(893,947)	818,676	7,590,446	36,280,275
Balance at Sep. 30, 2017	80,502	28,684,598	(893,947)	4,323,099	9,646,620	41,840,872
Balance at Jun. 30, 2017				3,766,117
Comprehensive income:
Net income						1,244,652
Other comprehensive income				556,982		556,982
Balance at Jun. 30, 2017				3,766,117
Balance at Sep. 30, 2017	80,502	28,684,598	(893,947)	4,323,099	9,646,620	41,840,872
Balance at Dec. 31, 2017	80,502	28,684,598	(893,947)	4,760,951	8,620,075	41,252,179
Comprehensive income:
Net income					3,864,517	3,864,517
Other comprehensive income				(6,092,811)		(6,092,811)
Balance at Dec. 31, 2017	80,502	28,684,598	(893,947)	4,760,951	8,620,075	41,252,179
Balance at Sep. 30, 2018	80,502	28,684,598	(893,947)	(1,331,860)	12,553,100	39,092,393
Balance at Jun. 30, 2018				(614,045)
Comprehensive income:
Net income						1,524,759
Other comprehensive income				(717,815)		(717,815)
Balance at Jun. 30, 2018				(614,045)
Balance at Sep. 30, 2018	80,502	28,684,598	(893,947)	(1,331,860)	12,553,100	39,092,393
Comprehensive income:
Cumulative effect, adoption of accounting guidance for equity securities					$ 68,508	$ 68,508

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Operating activities
Net income	$ 3,864,517	$ 2,056,174
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for depreciation	109,116	109,435
Accretion of discount on investments	(2,951,473)	(2,298,768)
Net realized investment gains	(269,531)	(254,108)
Loss on other-than-temporary impairment		224,250
Amortization of policy acquisition cost	2,677,918	2,318,277
Policy acquisition costs deferred	(6,162,096)	(7,370,469)
Amortization of loan origination fees	32,376	44,351
Amortization of value of insurance business acquired	255,424	298,089
Allowance for mortgage loan losses	61,083	105,024
Provision for deferred federal income tax expense	1,055,978	501,597
Interest credited to policyholders	6,941,291	6,530,403
Change in assets and liabilities:
Policy loans	(95,095)	(28,655)
Short-term investments	412,006
Accrued investment income	(182,814)	(441,475)
Recoverable from reinsurers	(434,381)	101,829
Assets held in trust under coinsurance agreement	(15,831,355)
Agents' balances and due premiums	(32,242)	(183,349)
Other assets (excludes depreciation of $320 in 2017 and change in receivable for securities sold of ($185,389) and $5,738,274 in 2018 and 2017, respectively)	(850,863)	(939,617)
Future policy benefits	4,653,803	3,736,262
Policy claims	(118,473)	29,307
Other policy liabilities	(159)	20,633
Other liabilities (excludes change in payable for securities purchased of $142,361 and ($57,976) in 2018 and 2017, respectively)	768,279	(4,144,719)
Net cash provided by (used in) operating activities	(6,096,691)	414,471
Investing activities
Purchases of fixed maturity securities	(11,958,357)	(32,830,057)
Maturities of fixed maturity securities	4,876,000	6,762,000
Sales of fixed maturity securities	15,933,074	10,378,173
Purchases of equity securities	(53,828)	(2,832)
Sales of equity securities	361,947
Joint venture distributions	34,877
Purchases of mortgage loans	(47,077,889)	(44,857,137)
Payments on mortgage loans	28,034,586	16,129,739
Purchases of other long-term investments	(6,068,995)	(14,036,084)
Payments on other long-term investments	6,606,259	5,863,095
Sale on other long-term investments		792,012
Sale of real estate	261,470	190,084
Net change in receivable and payable for securities sold and purchased	(43,028)	5,680,298
Net cash used in investing activities	(9,093,884)	(45,930,709)
Financing activities
Policyholders' account deposits	35,533,959	54,296,750
Policyholders' account withdrawals	(21,925,881)	(14,044,954)
Net cash provided by financing activities	13,608,078	40,251,796
Decrease in cash	(1,582,497)	(5,264,442)
Cash and cash equivalents, beginning of period	31,496,159	34,223,945
Cash and cash equivalents, end of period	$ 29,913,662	$ 28,959,503

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Depreciation		$ 320
IncreaseDecreaseInReceivableForSecuritiesSold	(185,389)	5,738,274
Change in payable of securities purchased	$ 142,361	$ (57,976)

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Investing	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	During 2017 $729,737 third not In connection with this transfer, the non-cash impact on investing activities is summarized as follows: Nine Months Ended September 30, 2017 Reduction in available-for-securities fixed maturity securities $ 729,737 Other long-term investments (729,737 ) Net cash used in investing activities $ - During 2018 2017, $378,411 $142,455 In connection with these foreclosures, the non-cash impact on investing activities is summarized as follows: Nine Months Ended Nine Months Ended September 30, 2018 September 30, 2017 Reduction in mortgage loans due to foreclosure $ 378,411 $ 142,455 Investment real estate held-for-sale acquired through foreclosure (378,411 ) (142,455 ) Net cash used in investing activities $ - $ - See notes to consolidated financial statements (unaudited).

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Organization and Significant Accounting Policies Nature of Operations First Trinity Financial Corporation (the “Company” or “FTFC”) is the parent holding company of Trinity Life Insurance Company (“TLIC”), Family Benefit Life Insurance Company (“FBLIC”) and First Trinity Capital Corporation (“FTCC”). The Company was incorporated in Oklahoma on April 19, 2004, The Company owns 100% 100% 10, 15, 20 30 The Company owns 100% 2006, January 2007. no June 30, 2012. Company Capitalization The Company raised $1,450,000 two 2004 $25,669,480 two one June 22, 2005 February 23, 2007; June 29, 2010 April 30, 2012 August 15, 2012 March 8, 2013. 7,347,488 $3,624,518 702,685 two 2011 2012 $5,270,138 $5,270,138 The Company has also purchased 247,580 $893,947 Acquisition s On December 23, 2008, 100% $2,695,234 $195,234. On December 31, 2008, 15 $250,000 6% On August 31, 2009, two On December 28, 2011, 100% $13,855,129. On April 28, 2015, $3,055,916. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10 10 X. not The results of operations for the nine September 30, 2018 not December 31, 2018 not 10 December 31, 2017. Principles of Consolidation The consolidated financial statements include the accounts and operations of the Company and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation. Reclassifications Certain reclassifications have been made in the prior year and prior quarter financial statements to conform to current year and current quarter classifications. These reclassifications had no Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may may Common Stock Common stock is fully paid, non-assessable and has a par value of $.01 Treasury Stock Treasury stock, representing shares of the Company’s common stock that have been reacquired after having been issued and fully paid, is recorded at the reacquisition cost and the shares are no Subsequent Events Management has evaluated all events subsequent to September 30, 2018 On November 8, 2018, $1.5 October 31, 2019 1% 360 Recent Accounting Pronouncements Revenue from Contracts with Customers In May 2014, not 1 2 3 4 5 July 2015, one March 31, 2018. not Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. not not Leases In February 2016, If the lease has a term of 12 The accounting applied by the lessor is largely unchanged from that applied under previous U.S. GAAP. Key aspects of the lessor accounting model, however, were aligned with the revenue recognition guidance of Codification Topic 606. 2016 02 842 Entities will generally continue to account for leases that commenced before the effective date of this update in accordance with previous U.S. GAAP unless the lease is modified. Lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimal rental payments that were tracked and disclosed under previous U.S. GAAP. The updated guidance may December 15, 2018. July 2018, 2018 11 840, 840 840. January 2019. not Financial Instruments — Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. not Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments In August 2016, eight December 15, 2017, not Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments In November 2016, The updated guidance is effective for annual and interim periods beginning after December 15, 2017, not Business Combinations – Clarifying the Definition of a Business In January 2017, not The updated guidance is effective for annual and interim periods beginning after December 15, 2017, not Intangibles – Goodwill and Other - Simplifying the Test for Goodwill Impairment In January 2017, no December 15, 2019, January 1, 2017. not Compensation — Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In March 2017, one The updated guidance is effective for reporting periods beginning after December 15, 2017. first not not no Compensation — Stock Compensation: Scope of Modification Accounting In May 2017, The updated guidance is effective for the quarter ending March 31, 2018. not not Target Improvement to Accounting for Hedging Activities In August 2017, The updated guidance is effective for reporting periods beginning after December 15, 2018. December 15, 2018. not not no Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On February 14, 2018, 2017. 2017 December 15, 2018 2017 December 31, 2017. not Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract In August 2018, The updated guidance is effective for reporting periods beginning after December 15, 2019. not Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, The updated guidance is effective for reporting periods beginning after December 15, 2020. may not

Note 2 - Investments

Note 2 - Investments	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. Investments Investments in fixed maturity and preferred stock available-for-sale and equity securities as of September 30, 2018 December 31, 2017 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value September 30, 2018 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 2,979,866 $ 9,761 $ 119,300 $ 2,870,327 States and political subdivisions 9,314,448 101,294 61,109 9,354,633 Residential mortgage-backed securities 24,918 31,552 - 56,470 Corporate bonds 101,310,347 955,437 2,081,931 100,183,853 Asset-backed 253,676 1,462 - 255,138 Foreign bonds 20,668,152 83,698 633,253 20,118,597 Total fixed maturity securities 134,551,407 1,183,204 2,895,593 132,839,018 Preferred stock 99,945 95 1,860 98,180 Equity securities Mutual funds 91,981 - 15,245 76,736 Corporate common stock 93,674 30,973 - 124,647 Total equity securities 185,655 30,973 15,245 201,383 Total fixed maturity, preferred stock and equity securities $ 134,837,007 $ 1,214,272 $ 2,912,698 $ 133,138,581 December 31, 2017 Fixed maturity securities U.S. government and U.S. government agencies $ 2,989,688 $ 48,720 $ 65,341 $ 2,973,067 States and political subdivisions 9,368,393 337,442 20,148 9,685,687 Residential mortgage-backed securities 29,573 41,736 - 71,309 Corporate bonds 109,340,273 5,248,291 491,556 114,097,008 Foreign bonds 21,894,020 1,134,999 172,951 22,856,068 Total fixed maturity securities 143,621,947 6,811,188 749,996 149,683,139 Preferred stock 99,945 775 - 100,720 Equity securities Mutual funds 347,942 1,124 - 349,066 Corporate common stock 154,977 67,384 - 222,361 Total equity securities 502,919 68,508 - 571,427 Total fixed maturity, preferred stock and equity securities $ 144,224,811 $ 6,880,471 $ 749,996 $ 150,355,286 First Trinity Financial Corporation and Subsidiaries Notes to Consolidated Financial Statements September 30, 2018 (Unaudited) 2. Investments All securities in an unrealized loss position as of the financial statement dates, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position as of September 30, 2018 December 31, 2017 Unrealized Number of Fair Value Loss Securities September 30, 2018 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 119,951 $ 5,098 1 States and political subdivisions 2,824,688 25,056 18 Corporate bonds 57,136,200 1,697,585 211 Foreign bonds 13,757,533 538,846 48 Total less than 12 months in an unrealized loss position 73,838,372 2,266,585 278 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,440,760 114,202 5 States and political subdivisions 509,217 36,053 4 Corporate bonds 3,686,822 384,346 16 Foreign bonds 639,015 94,407 2 Total more than 12 months in an unrealized loss position 6,275,814 629,008 27 Total fixed maturity securities in an unrealized loss position 80,114,186 2,895,593 305 Preferred stock, less than 12 months in an unrealized loss position 48,140 1,860 1 Equity securities (mutual funds), less than 12 months in an unrealized loss position 76,736 15,245 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 80,239,062 $ 2,912,698 $ 307 December 31, 2017 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 326,163 $ 3,897 2 States and political subdivisions 608,342 6,889 3 Corporate bonds 5,995,898 130,337 23 Foreign bonds 2,061,178 98,520 7 Total less than 12 months in an unrealized loss position 8,991,581 239,643 35 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,338,617 61,444 5 States and political subdivisions 579,008 13,259 4 Corporate bonds 5,139,898 361,219 20 Foreign bonds 501,875 74,431 3 Total more than 12 months in an unrealized loss position 7,559,398 510,353 32 Total fixed maturity securities in an unrealized loss position $ 16,550,979 $ 749,996 $ 67 As of September 30, 2018, 305 $2,895,593, $80,114,186 $83,009,779. September 30, 2018. 305 97%. As of December 31, 2017, 67 $749,996, $16,550,979 $17,300,975. December 31, 2017. 67 96%. As of September 30, 2018, one $1,860, $48,140 $50,000. 96%. As of September 30, 2018, one $15,245, $76,736 $91,981. 83%. As of December 31, 2017, no Fixed maturity securities were 96% 93% September 30, 2018 December 31, 2017, The Company’s decision to record an impairment loss is primarily based on whether the security’s fair value is likely to remain significantly below its book value based on all of the factors considered. Factors that are considered include the length of time the security’s fair value has been below its carrying amount, the severity of the decline in value, the credit worthiness of the issuer, and the coupon and/or dividend payment history of the issuer. The Company also assesses whether it intends to sell or whether it is more likely than not may For any fixed maturity securities that are other-than-temporarily impaired, the Company determines the portion of the other-than-temporary impairment that is credit-related and the portion that is related to other factors. The credit-related portion is the difference between the expected future cash flows and the amortized cost basis of the fixed maturity security, and that difference is charged to earnings. The non-credit-related portion representing the remaining difference to fair value is recognized in other comprehensive income (loss). Only in the case of a credit-related impairment where management has the intent to sell the security, or it is more likely than not The Company has recorded other-than-temporary impairments on its fixed maturity available-for-sale investment in an energy corporation with a total par value of $650,000 fourth 2016 $207,450 second 2017 $224,250 no three nine September 30, 2018 December 31, 2017. Management believes that the Company will fully recover its cost basis in the securities held as of September 30, 2018, not not Net unrealized gains (losses) included in other comprehensive income for investments classified as available-for-sale, net of the effect of deferred income taxes and deferred acquisition costs assuming that the appreciation had been realized as of September 30, 2018 December 31, 2017, (Unaudited) September 30, 2018 December 31, 2017 Unrealized appreciation (depreciation) on available-for-sale securities $ (1,714,154 ) $ 6,130,475 Adjustment to deferred acquisition costs 28,255 (103,955 ) Deferred income taxes 354,039 (1,265,569 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (1,331,860 ) $ 4,760,951 The Company’s investment in lottery prize cash flows categorized as other long-term investments in the statement of financial position was $58,255,713 $55,814,583 September 30, 2018 December 31, 2017, The amortized cost and fair value of fixed maturity available-for-sale securities and other long-term investments as of September 30, 2018, September 30, 2018 (Unaudited) Fixed Maturity Available-For-Sale Securities Other Long-Term Investments Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 4,276,974 $ 4,294,839 $ 8,397,085 $ 8,499,751 Due after one year through five years 25,798,481 25,921,074 24,362,037 26,306,144 Due after five years through ten years 40,802,369 39,975,538 16,759,405 20,207,607 Due after ten years 63,648,665 62,591,097 8,737,186 13,371,726 Due at multiple maturity dates 24,918 56,470 - - $ 134,551,407 $ 132,839,018 $ 58,255,713 $ 68,385,228 Expected maturities will differ from contractual maturities because borrowers may Proceeds and gross realized gains (losses) from the sales, calls and maturities of fixed maturity securities available-for-sale, equity securities, investment real estate and other long-term investments for the three nine September 30, 2018 2017 Three Months Ended September 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate 2018 2017 2018 2017 2018 2017 Proceeds $ 12,320,142 $ 4,536,924 $ 346,535 $ - $ 206,617 $ - Gross realized gains 305,883 37,337 25,683 - 52,971 - Gross realized losses (100,430 ) (40,823 ) (58 ) - - - Loss on other-than-temporary impairment - - - - - - Three Months Ended September 30, (Unaudited) Other Long-Term Investments 2018 2017 Proceeds $ - $ - Gross realized gains - - Gross realized losses - - Loss on other-than-temporary impairment - - Nine Months Ended September 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate 2018 2017 2018 2017 2018 2017 Proceeds $ 20,809,074 $ 17,140,173 $ 361,947 $ - $ 261,470 $ 190,084 Gross realized gains 386,403 564,589 25,790 - 52,971 6,050 Gross realized losses (141,473 ) (377,138 ) (58 ) - (1,322 ) (1,668 ) Loss on other-than-temporary impairment - (224,250 ) - - - - Nine Months Ended September 30, (Unaudited) Other Long-Term Investments 2018 2017 Proceeds $ - $ 792,012 Gross realized gains - 62,275 Gross realized losses - - Loss on other-than-temporary impairment - - The accumulated change in unrealized investment gains (losses) for fixed maturity and preferred stock available-for-sale and equity securities for the three nine September 30, 2018 2017 three nine September 30, 2018 2017 Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2018 2017 2018 2017 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (921,992 ) $ 694,379 $ (7,773,581 ) $ 4,429,221 Preferred stock (840 ) 82 (2,540 ) 5,660 Equity securities - 12,299 - 25,459 Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 205,453 (3,486 ) 244,930 187,451 Equity securities, sale of securities 25,625 - 25,732 - Equity securities, changes in fair value (38,990 ) - (52,780 ) - Investment real estate 52,971 - 51,649 4,382 Other long-term investments - - - 62,275 Major categories of net investment income for the three nine September 30, 2018 2017 Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2018 2017 2018 2017 Fixed maturity securities $ 1,492,224 $ 1,731,931 $ 4,792,648 $ 4,887,826 Preferred stock and equity securities 24,280 4,382 57,397 14,540 Other long-term investments 995,100 967,959 2,974,163 2,707,438 Mortgage loans 2,877,910 2,431,884 8,253,828 6,101,462 Policy loans 31,055 28,640 90,480 84,657 Real estate 94,102 93,943 282,108 281,366 Short-term and other investments 92,711 20,227 160,392 117,764 Gross investment income 5,607,382 5,278,966 16,611,016 14,195,053 Investment expenses (628,351 ) (647,074 ) (1,909,602 ) (1,898,226 ) Net investment income $ 4,979,031 $ 4,631,892 $ 14,701,414 $ 12,296,827 TLIC and FBLIC are required to hold assets on deposit with various state insurance departments for the benefit of policyholders and other special deposits in accordance with statutory rules and regulations. As of September 30, 2018 December 31, 2017, $4,355,887 $4,308,853, September 30, 2018 December 31, 2017, $4,238,579 $4,307,439, The Company’s mortgage loans by property type as of September 30, 2018 December 31, 2017 (Unaudited) September 30, 2018 December 31, 2017 Residential mortgage loans $ 112,856,562 $ 100,700,241 Commercial mortgage loans by property type Apartment 696,500 - Industrial 1,528,587 430,613 Lodging 113,160 - Office building 1,766,622 137,703 Retail 4,544,285 1,227,894 Total commercial mortgage loans by property type 8,649,154 1,796,210 Total mortgage loans $ 121,505,716 $ 102,496,451 There were 14 $1,049,742 90 September 30, 2018. 23 $3,094,155 90 December 31, 2017. There were no September 30, 2018 December 31, 2017. $520,867 $352,277 September 30, 2018 December 31, 2017, The Company’s investment real estate as of September 30, 2018 December 31, 2017 (Unaudited) September 30, 2018 December 31, 2017 Land - held for the production of income $ 213,160 $ 213,160 Land - held for investment 745,155 745,155 Total land 958,315 958,315 Building - held for the production of income 2,267,557 2,267,557 Less - accumulated depreciation (1,304,299 ) (1,195,183 ) Buildings net of accumulated depreciation 963,258 1,072,374 Residential real estate - held for sale 520,867 352,277 Total residential real estate 520,867 352,277 Investment real estate, net of accumulated depreciation $ 2,442,440 $ 2,382,966 TLIC owns approximately six one 20,000 one fourth one four three one During 2018 $378,411 2018, $209,821. $51,649 $261,470. During 2017 $207,482 2017, $185,702. $4,382 $190,084.

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	3. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) on the measurement date. The Company also considers the impact on fair value of a significant decrease in volume and level of activity for an asset or liability when compared with normal activity. The Company holds fixed maturity, preferred stock and equity securities that are measured and reported at fair market value on the statement of financial position. The Company determines the fair market values of its financial instruments based on the fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three may Level 1 1 Level 2 1 not 2 Level 3 no 3 not The Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into the three A review of fair value hierarchy classifications is conducted on a quarterly basis. Changes in the valuation inputs, or their ability to be observed, may 3 3 The Company’s fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of September 30, 2018 December 31, 2017 Level 1 Level 2 Level 3 Total September 30, 2018 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,870,327 $ - $ 2,870,327 States and political subdivisions - 9,354,633 - 9,354,633 Residential mortgage-backed securities - 56,470 - 56,470 Corporate bonds - 100,183,853 - 100,183,853 Asset-backed - 255,138 - 255,138 Foreign bonds - 20,118,597 - 20,118,597 Total fixed maturity securities $ - $ 132,839,018 $ - $ 132,839,018 Preferred stock, available-for-sale $ 98,180 $ - $ - $ 98,180 Equity securities Mutual funds $ - $ 76,736 $ - $ 76,736 Corporate common stock 62,078 - 62,569 124,647 Total equity securities $ 62,078 $ 76,736 $ 62,569 $ 201,383 December 31, 2017 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,973,067 $ - $ 2,973,067 States and political subdivisions - 9,685,687 - 9,685,687 Residential mortgage-backed securities - 71,309 - 71,309 Corporate bonds - 114,097,008 - 114,097,008 Foreign bonds - 22,856,068 - 22,856,068 Total fixed maturity securities $ - $ 149,683,139 $ - $ 149,683,139 Preferred stock, available-for-sale $ 100,720 $ - $ - $ 100,720 Equity securities Mutual funds $ - $ 349,066 $ - $ 349,066 Corporate common stock 160,861 - 61,500 222,361 Total equity securities $ 160,861 $ 349,066 $ 61,500 $ 571,427 As of September 30, 2018 December 31, 2017, 3 two no These private placement stocks represent investments in small insurance holding companies. The fair value for these securities was determined through the use of unobservable assumptions about market participants. The Company has assumed a willing market participant would purchase the securities for the same price as the Company paid until such time as these small insurance holding companies commence significant operations. The joint venture investment with a mortgage loan originator is accounted for under the equity method of accounting. Fair values for Level 1 2 third third The Company analyzes market valuations received to verify reasonableness and to understand the key assumptions used and the sources. Since the fixed maturity securities owned by the Company do not third 2 2 The Company’s preferred stock is included in Level 1 1 2 3. 1 2 not The Company’s fixed maturity and preferred stock available-for-sale and equity securities portfolio is highly liquid and allows for a high percentage of the portfolio to be priced through pricing services. The change in the fair value of the Company’s Level 3 nine September 30, 2018 2017 Unaudited Nine Months Ended September 30, 2018 2017 Beginning balance $ 61,500 $ 61,500 Purchases 10,200 - Joint venture net income 40,746 - Sales (15,000 ) - Joint venture distribution (34,877 ) - Ending balance $ 62,569 $ 61,500 The carrying amount and fair value of the Company’s financial assets and financial liabilities disclosed, but not September 30, 2018 December 31, 2017, Financial Instruments Disclosed, But Not Carrying Fair Amount Value Level 1 Level 2 Level 3 September 30, 2018 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 8,649,154 $ 8,560,861 $ - $ - $ 8,560,861 Residential 112,856,562 109,871,804 - - 109,871,804 Policy loans 1,755,270 1,755,270 - - 1,755,270 Short-term investments 135,963 135,963 135,963 - - Other long-term investments 58,255,713 68,385,228 - - 68,385,228 Cash and cash equivalents 29,913,662 29,913,662 29,913,662 - - Accrued investment income 2,727,777 2,727,777 - - 2,727,777 Total financial assets $ 214,294,101 $ 221,350,565 $ 30,049,625 $ - $ 191,300,940 Financial liabilities Policyholders' account balances $ 294,738,874 $ 241,572,894 $ - $ - $ 241,572,894 Policy claims 1,030,040 1,030,040 - - 1,030,040 Total financial liabilities $ 295,768,914 $ 242,602,934 $ - $ - $ 242,602,934 December 31, 2017 Financial assets Mortgage loans on real estate Commercial $ 1,796,210 $ 1,783,385 $ - $ - $ 1,783,385 Residential 100,700,241 102,192,001 - - 102,192,001 Policy loans 1,660,175 1,660,175 - - 1,660,175 Short-term investments 547,969 547,969 547,969 - - Other long-term investments 55,814,583 68,298,585 - - 68,298,585 Cash and cash equivalents 31,496,159 31,496,159 31,496,159 - - Accrued investment income 2,544,963 2,544,963 - - 2,544,963 Total financial assets $ 194,560,300 $ 208,523,237 $ 32,044,128 $ - $ 176,479,109 Financial liabilities Policyholders' account balances $ 292,909,762 $ 243,234,637 $ - $ - $ 243,234,637 Policy claims 1,148,513 1,148,513 - - 1,148,513 Total financial liabilities $ 294,058,275 $ 244,383,150 $ - $ - $ 244,383,150 The estimated fair value amounts have been determined using available market information and appropriate valuation methodologies. However, considerable judgment was required to interpret market data to develop these estimates. Accordingly, the estimates are not may The following methods and assumptions were used in estimating the fair value disclosures for financial instruments in the accompanying financial statements and notes thereto: Mortgage Loans on Real Estate The fair values for mortgage loans are estimated using discounted cash flow analyses. For residential mortgage loans, the discount rate used was indexed to the LIBOR yield curve adjusted for an appropriate credit spread. For commercial mortgage loans (includes apartment, industrial, lodging, office building and retail), the discount rate used was assumed to be the interest rate on the last commercial mortgage loan acquired by the Company. Cash and Cash Equivalents, Short-Term Investments, Accrued Investment Income and Policy Loans The carrying value of these financial instruments approximates their fair values. Cash and cash equivalents and short-term investments are included in Level 1 Other Long-Term Investments Other long-term investments are comprised of lottery prize receivables and fair value is derived by using a discounted cash flow approach. Projected cash flows are discounted using the average Citigroup Pension Liability Index in effect at the end of each period. Investment Contracts – Policyholders’ Account Balances The fair value for liabilities under investment-type insurance contracts (accumulation annuities) is calculated using a discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using risk-free rates adjusted for credit risk and the nonperformance risk of the liabilities. The fair values for insurance contracts other than investment-type contracts are not Policy Claims The carrying amounts reported for these liabilities approximate their fair value.

Note 4 - Segment Data

Note 4 - Segment Data	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	4 . Segment Data The Company has a life insurance segment, consisting of the life insurance operations of TLIC and FBLIC, an annuity segment, consisting of the annuity operations of TLIC and FBLIC and a corporate segment. Results for the parent company and the operations of FTCC, after elimination of intercompany amounts, are allocated to the corporate segment. These segments as of September 30, 2018 December 31, 2017 three nine September 30, 2018 2017 Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2018 2017 2018 2017 Revenues: Life insurance operations $ 5,556,358 $ 4,723,138 $ 16,095,222 $ 13,321,087 Annuity operations 4,346,120 3,903,408 12,647,899 10,377,974 Corporate operations 101,313 85,738 346,865 280,664 Total $ 10,003,791 $ 8,712,284 $ 29,089,986 $ 23,979,725 Income before income taxes: Life insurance operations $ 305,976 $ 345,522 $ 605,498 $ 899,547 Annuity operations 1,522,702 1,141,492 4,013,123 1,488,848 Corporate operations 105,768 50,755 301,874 187,965 Total $ 1,934,446 $ 1,537,769 $ 4,920,495 $ 2,576,360 Depreciation and amortization expense: Life insurance operations $ 829,610 $ 858,012 $ 3,044,057 $ 1,828,933 Annuity operations (15,587 ) 178,063 30,777 941,219 Total $ 814,023 $ 1,036,075 $ 3,074,834 $ 2,770,152 (Unaudited) Assets: September 30, 2018 December 31, 2017 Life insurance operations $ 64,870,773 $ 56,780,793 Annuity operations 343,736,487 328,727,443 Corporate operations 5,792,178 5,619,438 Total $ 414,399,438 $ 391,127,674

Note 5 - Federal Income Taxes

Note 5 - Federal Income Taxes	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	5 . Federal Income Taxes The provision for federal income taxes is based on the asset and liability method of accounting for income taxes. Deferred income taxes are provided for the cumulative temporary differences between balances of assets and liabilities determined under GAAP and the balances using tax bases. The Company has no not not 2015 2017

Note 6 - Legal Matters and Cont

Note 6 - Legal Matters and Contingent Liabilities	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Contingencies Disclosure [Text Block]	6 . Legal Matters and Contingent Liabilities A lawsuit filed by the Company and Chairman, President and Chief Executive Officer, Gregg E. Zahn, against former Company Board of Directors member Wayne Pettigrew and Mr. Pettigrew's company, Group & Pension Planners, Inc. (the "Defendants"), concluded on February 17, 2017. No. 2013 03385 The jury concluded that Mr. Pettigrew, while still a member of the Company’s Board of Directors, did, in fact, make untrue statements regarding the Company and Mr. Zahn and committed breaches of his fiduciary duties to the Company and the jury awarded the Company $800,000 $3,500,000 Mr. Pettigrew has appealed this decision but has failed to post an appeal bond. As a consequence, the Company and Mr. Zahn are in the process of executing on the judgments against Mr. Pettigrew’s assets. The Company and Mr. Zahn have so far collected some property and money in the execution process and will continue to execute on the judgments. Any money or property collected to date during the execution of the judgments are held in an escrow by a third not September 30, 2018 Prior to being acquired by TLIC, FBLIC developed, marketed, and sold life insurance products known as “Decreasing Term to 95” January 17, 2013, March 1, 2013, not not 95 November 22, 2013, November 27, 2017 December 1, 2017 two 1 95 376.360 2 3 During 2018, June 11, 2018. $1.85 95 Guaranty fund assessments, brought about by the insolvency of life and health insurers, are levied at the discretion of the various state guaranty fund associations to cover association obligations. In most states, guaranty fund assessments may five

Note 7 - Line of Credit

Note 7 - Line of Credit	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	7. Through June 30, 2018, $1.0 July 2017 June 30, 2018. 1% 360 not 2018 2017.

Note 8 - Other Comprehensive In

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	8 . Ot her Comprehensive Income (Loss) and Accumulated O ther Comprehensive Income ( L oss) The changes in the components of the Company’s accumulated other comprehensive income (loss) for the three nine September 30, 2018 2017 Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (loss) Three Months Ended September 30, 2018 and 2017 (Unaudited) Balance as of July 1, 2018 $ (625,159 ) $ 11,114 $ (614,045 ) Other comprehensive loss before reclassifications, net of tax (566,729 ) 11,221 (555,508 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 162,307 - 162,307 Other comprehensive loss (729,036 ) 11,221 (717,815 ) Balance as of September 30, 2018 $ (1,354,195 ) $ 22,335 $ (1,331,860 ) Balance as of July 1, 2017 $ 3,834,781 $ (68,664 ) $ 3,766,117 Other comprehensive income before reclassifications, net of tax 562,619 (8,426 ) 554,193 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax (2,789 ) - (2,789 ) Other comprehensive income 565,408 (8,426 ) 556,982 Balance as of September 30, 2017 $ 4,400,189 $ (77,090 ) $ 4,323,099 Nine Months Ended September 30, 2018 and 2017 (Unaudited) Balance as of January 1, 2018 $ 4,843,061 $ (82,110 ) $ 4,760,951 Other comprehensive loss before reclassifications, net of tax (6,003,761 ) 104,445 (5,899,316 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 193,495 - 193,495 Other comprehensive loss (6,197,256 ) 104,445 (6,092,811 ) Balance as of September 30, 2018 $ (1,354,195 ) $ 22,335 $ (1,331,860 ) Balance as of January 1, 2017 $ 831,917 $ (13,241 ) $ 818,676 Other comprehensive income before reclassifications, net of tax 3,538,833 (63,849 ) 3,474,984 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax (29,439 ) - (29,439 ) Other comprehensive income 3,568,272 (63,849 ) 3,504,423 Balance as of September 30, 2017 $ 4,400,189 $ (77,090 ) $ 4,323,099 The pretax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit) for each component for the three nine September 30, 2018 2017 Three Months Ended September 30, 2018 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (717,379 ) $ (150,650 ) $ (566,729 ) Reclassification adjustment for net gains included in operations having no credit losses 205,453 43,146 162,307 Net unrealized losses on investments (922,832 ) (193,796 ) (729,036 ) Adjustment to deferred acquisition costs 14,204 2,983 11,221 Total other comprehensive loss $ (908,628 ) $ (190,813 ) $ (717,815 ) Three Months Ended September 30, 2017 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 703,274 $ 140,655 $ 562,619 Reclassification adjustment for net losses included in operations having no credit losses (3,486 ) (697 ) (2,789 ) Net unrealized gains on investments 706,760 141,352 565,408 Adjustment to deferred acquisition costs (10,532 ) (2,106 ) (8,426 ) Total other comprehensive income $ 696,228 $ 139,246 $ 556,982 Nine Months Ended September 30, 2018 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (7,599,699 ) $ (1,595,938 ) $ (6,003,761 ) Reclassification adjustment for net gains included in operations having no credit losses 244,930 51,435 193,495 Net unrealized losses on investments (7,844,629 ) (1,647,373 ) (6,197,256 ) Adjustment to deferred acquisition costs 132,210 27,765 104,445 Total other comprehensive loss $ (7,712,419 ) $ (1,619,608 ) $ (6,092,811 ) Nine Months Ended September 30, 2017 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 4,423,541 $ 884,708 $ 3,538,833 Reclassification adjustment for net losses included in operations having no credit losses (36,799 ) (7,360 ) (29,439 ) Net unrealized gains on investments 4,460,340 892,068 3,568,272 Adjustment to deferred acquisition costs (79,810 ) (15,961 ) (63,849 ) Total other comprehensive income $ 4,380,530 $ 876,107 $ 3,504,423 Realized gains and losses on the sales of investments are determined based upon the specific identification method and include provisions for other-than-temporary impairments where appropriate. The pretax and the related income tax components of the amounts reclassified from the Company’s accumulated other comprehensive income (loss) to the Company’s consolidated statement of operations for the three nine September 30, 2018 2017 Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) Reclassification Adjustments 2018 2017 2018 2017 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains (losses) on sales of securities (a) $ 205,453 $ (3,486 ) $ 244,930 $ (36,799 ) Income tax expense (benefit) (b) 43,146 (697 ) 51,435 (7,360 ) Total reclassification adjustments $ 162,307 $ (2,789 ) $ 193,495 $ (29,439 ) (a) These items appear within net realized investment gains (losses) and other-than-temporary impairments in the consolidated statements of operations. (b) These items appear within federal income taxes in the consolidated statements of operations.

Note 9 - Allowance for Loan Los

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate	9 Months Ended
	Sep. 30, 2018
Notes to Financial Statements
Premiums Receivable Note [Text Block]	9 . Allowance for Loan Losses from Mortgage Loans on Real Estate The allowance for possible loan losses from investments in mortgage loans on real estate is a reserve established through a provision for possible loan losses charged to expense which represents, in the Company’s judgment, the known and inherent credit losses existing in the mortgage loan portfolio. The allowance, in the judgment of the Company, is necessary to reserve for estimated loan losses inherent in the mortgage loan portfolio and reduces the carrying value of investments in mortgage loans on real estate to the estimated net realizable value on the consolidated statement of financial position. While the Company utilizes its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond the Company’s control, including the performance of the mortgage loan portfolio, the economy and changes in interest rates. The Company’s allowance for possible mortgage loan consists of specific valuation allowances established for probable losses on specific loans and a portfolio reserve for probable incurred but not Mortgage loans are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the mortgage loan agreement. Factors considered by the Company in determining impairment include payment status, collateral value of the real estate subject to the mortgage loan, and the probability of collecting scheduled principal and interest payments when due. Mortgage loans that experience insignificant payment delays and payment shortfalls generally are not The Company determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the mortgage loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis. As of September 30, 2018, $634,817 third September 30, 2018, $430,885 $4,662,792 September 30, 2018 $203,932 $40,786,373 $403,898 $80,719,343 September 30, 2018. As of December 31, 2017, $564,479 third December 31, 2017, $394,978 $4,925,259 December 31, 2017 $169,501 $33,900,260 $342,815 $68,596,191 December 31, 2017. The balances of and changes in the Company’s credit losses related to residential and commercial (includes apartment, industrial, lodging, office building and retail) mortgage loans on real estate as of and for the three nine September 30, 2018 2017 $40,786,373 $32,381,460 September 30, 2018 2017, one third Unaudited Three Months Ended September 30, Residential Mortgage Loans Commercial Mortgage Loans Total 2018 2017 2018 2017 2018 2017 Allowance, beginning $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Charge offs - - - - - - Recoveries - - - - - - Provision (9,539 ) 4,121 3,141 (128 ) (6,398 ) 3,993 Allowance, ending $ 362,813 $ 340,301 $ 41,085 $ 9,150 $ 403,898 $ 349,451 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 362,813 $ 340,301 $ 41,085 $ 9,150 $ 403,898 $ 349,451 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 72,543,552 $ 68,810,689 $ 8,175,791 $ 1,820,866 $ 80,719,343 $ 70,631,555 (Unaudited) Nine Months Ended September 30, Residential Mortgage Loans Commercial Mortgage Loans Total 2018 2017 2018 2017 2018 2017 Allowance, beginning $ 333,789 $ 238,121 $ 9,026 $ 6,306 $ 342,815 $ 244,427 Charge offs - - - - - - Recoveries - - - - - - Provision 29,024 102,180 32,059 2,844 61,083 105,024 Allowance, ending $ 362,813 $ 340,301 $ 41,085 $ 9,150 $ 403,898 $ 349,451 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 362,813 $ 340,301 $ 41,085 $ 9,150 $ 403,898 $ 349,451 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 72,543,552 $ 68,810,689 $ 8,175,791 $ 1,820,866 $ 80,719,343 $ 70,631,555 The Company utilizes the ratio of the carrying value of individual mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). The Company’s residential and commercial (includes apartment, industrial, lodging, office building and retail) mortgage loans on real estate by credit quality using this ratio as of September 30, 2018 December 31, 2017 Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Over 70% to 80% $ 21,785,852 $ 19,515,632 $ 588,028 $ - $ 22,373,880 $ 19,515,632 Over 60% to 70% 40,666,684 36,192,035 1,792,207 - 42,458,891 36,192,035 Over 50% to 60% 24,660,854 25,121,248 757,229 835,093 25,418,083 25,956,341 Over 40% to 50% 15,482,145 12,923,381 2,040,413 - 17,522,558 12,923,381 Over 30% to 40% 4,305,553 4,303,273 2,363,418 658,296 6,668,971 4,961,569 Over 20% to 30% 2,654,072 1,867,670 967,801 159,671 3,621,873 2,027,341 Over 10% to 20% 2,426,480 727,245 140,058 143,150 2,566,538 870,395 10% or less 874,922 49,757 - - 874,922 49,757 Total $ 112,856,562 $ 100,700,241 $ 8,649,154 $ 1,796,210 $ 121,505,716 $ 102,496,451

Supplemental Disclosure - Cas_2

Supplemental Disclosure - Cash and Non-cash Impact on Investing (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Nine Months Ended September 30, 2017 Reduction in available-for-securities fixed maturity securities $ 729,737 Other long-term investments (729,737 ) Net cash used in investing activities $ - Nine Months Ended Nine Months Ended September 30, 2018 September 30, 2017 Reduction in mortgage loans due to foreclosure $ 378,411 $ 142,455 Investment real estate held-for-sale acquired through foreclosure (378,411 ) (142,455 ) Net cash used in investing activities $ - $ -

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value September 30, 2018 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 2,979,866 $ 9,761 $ 119,300 $ 2,870,327 States and political subdivisions 9,314,448 101,294 61,109 9,354,633 Residential mortgage-backed securities 24,918 31,552 - 56,470 Corporate bonds 101,310,347 955,437 2,081,931 100,183,853 Asset-backed 253,676 1,462 - 255,138 Foreign bonds 20,668,152 83,698 633,253 20,118,597 Total fixed maturity securities 134,551,407 1,183,204 2,895,593 132,839,018 Preferred stock 99,945 95 1,860 98,180 Equity securities Mutual funds 91,981 - 15,245 76,736 Corporate common stock 93,674 30,973 - 124,647 Total equity securities 185,655 30,973 15,245 201,383 Total fixed maturity, preferred stock and equity securities $ 134,837,007 $ 1,214,272 $ 2,912,698 $ 133,138,581 December 31, 2017 Fixed maturity securities U.S. government and U.S. government agencies $ 2,989,688 $ 48,720 $ 65,341 $ 2,973,067 States and political subdivisions 9,368,393 337,442 20,148 9,685,687 Residential mortgage-backed securities 29,573 41,736 - 71,309 Corporate bonds 109,340,273 5,248,291 491,556 114,097,008 Foreign bonds 21,894,020 1,134,999 172,951 22,856,068 Total fixed maturity securities 143,621,947 6,811,188 749,996 149,683,139 Preferred stock 99,945 775 - 100,720 Equity securities Mutual funds 347,942 1,124 - 349,066 Corporate common stock 154,977 67,384 - 222,361 Total equity securities 502,919 68,508 - 571,427 Total fixed maturity, preferred stock and equity securities $ 144,224,811 $ 6,880,471 $ 749,996 $ 150,355,286
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of Fair Value Loss Securities September 30, 2018 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 119,951 $ 5,098 1 States and political subdivisions 2,824,688 25,056 18 Corporate bonds 57,136,200 1,697,585 211 Foreign bonds 13,757,533 538,846 48 Total less than 12 months in an unrealized loss position 73,838,372 2,266,585 278 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,440,760 114,202 5 States and political subdivisions 509,217 36,053 4 Corporate bonds 3,686,822 384,346 16 Foreign bonds 639,015 94,407 2 Total more than 12 months in an unrealized loss position 6,275,814 629,008 27 Total fixed maturity securities in an unrealized loss position 80,114,186 2,895,593 305 Preferred stock, less than 12 months in an unrealized loss position 48,140 1,860 1 Equity securities (mutual funds), less than 12 months in an unrealized loss position 76,736 15,245 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 80,239,062 $ 2,912,698 $ 307 December 31, 2017 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 326,163 $ 3,897 2 States and political subdivisions 608,342 6,889 3 Corporate bonds 5,995,898 130,337 23 Foreign bonds 2,061,178 98,520 7 Total less than 12 months in an unrealized loss position 8,991,581 239,643 35 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,338,617 61,444 5 States and political subdivisions 579,008 13,259 4 Corporate bonds 5,139,898 361,219 20 Foreign bonds 501,875 74,431 3 Total more than 12 months in an unrealized loss position 7,559,398 510,353 32 Total fixed maturity securities in an unrealized loss position $ 16,550,979 $ 749,996 $ 67
Unrealized Gain (Loss) on Investments [Table Text Block]	(Unaudited) September 30, 2018 December 31, 2017 Unrealized appreciation (depreciation) on available-for-sale securities $ (1,714,154 ) $ 6,130,475 Adjustment to deferred acquisition costs 28,255 (103,955 ) Deferred income taxes 354,039 (1,265,569 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (1,331,860 ) $ 4,760,951
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended September 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate 2018 2017 2018 2017 2018 2017 Proceeds $ 12,320,142 $ 4,536,924 $ 346,535 $ - $ 206,617 $ - Gross realized gains 305,883 37,337 25,683 - 52,971 - Gross realized losses (100,430 ) (40,823 ) (58 ) - - - Loss on other-than-temporary impairment - - - - - - Three Months Ended September 30, (Unaudited) Other Long-Term Investments 2018 2017 Proceeds $ - $ - Gross realized gains - - Gross realized losses - - Loss on other-than-temporary impairment - - Nine Months Ended September 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate 2018 2017 2018 2017 2018 2017 Proceeds $ 20,809,074 $ 17,140,173 $ 361,947 $ - $ 261,470 $ 190,084 Gross realized gains 386,403 564,589 25,790 - 52,971 6,050 Gross realized losses (141,473 ) (377,138 ) (58 ) - (1,322 ) (1,668 ) Loss on other-than-temporary impairment - (224,250 ) - - - - Nine Months Ended September 30, (Unaudited) Other Long-Term Investments 2018 2017 Proceeds $ - $ 792,012 Gross realized gains - 62,275 Gross realized losses - - Loss on other-than-temporary impairment - -
Available-for-sale Securities [Table Text Block]	Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2018 2017 2018 2017 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (921,992 ) $ 694,379 $ (7,773,581 ) $ 4,429,221 Preferred stock (840 ) 82 (2,540 ) 5,660 Equity securities - 12,299 - 25,459 Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 205,453 (3,486 ) 244,930 187,451 Equity securities, sale of securities 25,625 - 25,732 - Equity securities, changes in fair value (38,990 ) - (52,780 ) - Investment real estate 52,971 - 51,649 4,382 Other long-term investments - - - 62,275
Investment Income [Table Text Block]	Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2018 2017 2018 2017 Fixed maturity securities $ 1,492,224 $ 1,731,931 $ 4,792,648 $ 4,887,826 Preferred stock and equity securities 24,280 4,382 57,397 14,540 Other long-term investments 995,100 967,959 2,974,163 2,707,438 Mortgage loans 2,877,910 2,431,884 8,253,828 6,101,462 Policy loans 31,055 28,640 90,480 84,657 Real estate 94,102 93,943 282,108 281,366 Short-term and other investments 92,711 20,227 160,392 117,764 Gross investment income 5,607,382 5,278,966 16,611,016 14,195,053 Investment expenses (628,351 ) (647,074 ) (1,909,602 ) (1,898,226 ) Net investment income $ 4,979,031 $ 4,631,892 $ 14,701,414 $ 12,296,827
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Unaudited) September 30, 2018 December 31, 2017 Residential mortgage loans $ 112,856,562 $ 100,700,241 Commercial mortgage loans by property type Apartment 696,500 - Industrial 1,528,587 430,613 Lodging 113,160 - Office building 1,766,622 137,703 Retail 4,544,285 1,227,894 Total commercial mortgage loans by property type 8,649,154 1,796,210 Total mortgage loans $ 121,505,716 $ 102,496,451
Schedule of Real Estate Properties [Table Text Block]	(Unaudited) September 30, 2018 December 31, 2017 Land - held for the production of income $ 213,160 $ 213,160 Land - held for investment 745,155 745,155 Total land 958,315 958,315 Building - held for the production of income 2,267,557 2,267,557 Less - accumulated depreciation (1,304,299 ) (1,195,183 ) Buildings net of accumulated depreciation 963,258 1,072,374 Residential real estate - held for sale 520,867 352,277 Total residential real estate 520,867 352,277 Investment real estate, net of accumulated depreciation $ 2,442,440 $ 2,382,966
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	September 30, 2018 (Unaudited) Fixed Maturity Available-For-Sale Securities Other Long-Term Investments Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 4,276,974 $ 4,294,839 $ 8,397,085 $ 8,499,751 Due after one year through five years 25,798,481 25,921,074 24,362,037 26,306,144 Due after five years through ten years 40,802,369 39,975,538 16,759,405 20,207,607 Due after ten years 63,648,665 62,591,097 8,737,186 13,371,726 Due at multiple maturity dates 24,918 56,470 - - $ 134,551,407 $ 132,839,018 $ 58,255,713 $ 68,385,228

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total September 30, 2018 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,870,327 $ - $ 2,870,327 States and political subdivisions - 9,354,633 - 9,354,633 Residential mortgage-backed securities - 56,470 - 56,470 Corporate bonds - 100,183,853 - 100,183,853 Asset-backed - 255,138 - 255,138 Foreign bonds - 20,118,597 - 20,118,597 Total fixed maturity securities $ - $ 132,839,018 $ - $ 132,839,018 Preferred stock, available-for-sale $ 98,180 $ - $ - $ 98,180 Equity securities Mutual funds $ - $ 76,736 $ - $ 76,736 Corporate common stock 62,078 - 62,569 124,647 Total equity securities $ 62,078 $ 76,736 $ 62,569 $ 201,383 December 31, 2017 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,973,067 $ - $ 2,973,067 States and political subdivisions - 9,685,687 - 9,685,687 Residential mortgage-backed securities - 71,309 - 71,309 Corporate bonds - 114,097,008 - 114,097,008 Foreign bonds - 22,856,068 - 22,856,068 Total fixed maturity securities $ - $ 149,683,139 $ - $ 149,683,139 Preferred stock, available-for-sale $ 100,720 $ - $ - $ 100,720 Equity securities Mutual funds $ - $ 349,066 $ - $ 349,066 Corporate common stock 160,861 - 61,500 222,361 Total equity securities $ 160,861 $ 349,066 $ 61,500 $ 571,427
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Unaudited Nine Months Ended September 30, 2018 2017 Beginning balance $ 61,500 $ 61,500 Purchases 10,200 - Joint venture net income 40,746 - Sales (15,000 ) - Joint venture distribution (34,877 ) - Ending balance $ 62,569 $ 61,500
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 September 30, 2018 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 8,649,154 $ 8,560,861 $ - $ - $ 8,560,861 Residential 112,856,562 109,871,804 - - 109,871,804 Policy loans 1,755,270 1,755,270 - - 1,755,270 Short-term investments 135,963 135,963 135,963 - - Other long-term investments 58,255,713 68,385,228 - - 68,385,228 Cash and cash equivalents 29,913,662 29,913,662 29,913,662 - - Accrued investment income 2,727,777 2,727,777 - - 2,727,777 Total financial assets $ 214,294,101 $ 221,350,565 $ 30,049,625 $ - $ 191,300,940 Financial liabilities Policyholders' account balances $ 294,738,874 $ 241,572,894 $ - $ - $ 241,572,894 Policy claims 1,030,040 1,030,040 - - 1,030,040 Total financial liabilities $ 295,768,914 $ 242,602,934 $ - $ - $ 242,602,934 December 31, 2017 Financial assets Mortgage loans on real estate Commercial $ 1,796,210 $ 1,783,385 $ - $ - $ 1,783,385 Residential 100,700,241 102,192,001 - - 102,192,001 Policy loans 1,660,175 1,660,175 - - 1,660,175 Short-term investments 547,969 547,969 547,969 - - Other long-term investments 55,814,583 68,298,585 - - 68,298,585 Cash and cash equivalents 31,496,159 31,496,159 31,496,159 - - Accrued investment income 2,544,963 2,544,963 - - 2,544,963 Total financial assets $ 194,560,300 $ 208,523,237 $ 32,044,128 $ - $ 176,479,109 Financial liabilities Policyholders' account balances $ 292,909,762 $ 243,234,637 $ - $ - $ 243,234,637 Policy claims 1,148,513 1,148,513 - - 1,148,513 Total financial liabilities $ 294,058,275 $ 244,383,150 $ - $ - $ 244,383,150

Note 4 - Segment Data (Tables)

Note 4 - Segment Data (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2018 2017 2018 2017 Revenues: Life insurance operations $ 5,556,358 $ 4,723,138 $ 16,095,222 $ 13,321,087 Annuity operations 4,346,120 3,903,408 12,647,899 10,377,974 Corporate operations 101,313 85,738 346,865 280,664 Total $ 10,003,791 $ 8,712,284 $ 29,089,986 $ 23,979,725 Income before income taxes: Life insurance operations $ 305,976 $ 345,522 $ 605,498 $ 899,547 Annuity operations 1,522,702 1,141,492 4,013,123 1,488,848 Corporate operations 105,768 50,755 301,874 187,965 Total $ 1,934,446 $ 1,537,769 $ 4,920,495 $ 2,576,360 Depreciation and amortization expense: Life insurance operations $ 829,610 $ 858,012 $ 3,044,057 $ 1,828,933 Annuity operations (15,587 ) 178,063 30,777 941,219 Total $ 814,023 $ 1,036,075 $ 3,074,834 $ 2,770,152
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	(Unaudited) Assets: September 30, 2018 December 31, 2017 Life insurance operations $ 64,870,773 $ 56,780,793 Annuity operations 343,736,487 328,727,443 Corporate operations 5,792,178 5,619,438 Total $ 414,399,438 $ 391,127,674

Note 8 - Other Comprehensive _2

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (loss) Three Months Ended September 30, 2018 and 2017 (Unaudited) Balance as of July 1, 2018 $ (625,159 ) $ 11,114 $ (614,045 ) Other comprehensive loss before reclassifications, net of tax (566,729 ) 11,221 (555,508 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 162,307 - 162,307 Other comprehensive loss (729,036 ) 11,221 (717,815 ) Balance as of September 30, 2018 $ (1,354,195 ) $ 22,335 $ (1,331,860 ) Balance as of July 1, 2017 $ 3,834,781 $ (68,664 ) $ 3,766,117 Other comprehensive income before reclassifications, net of tax 562,619 (8,426 ) 554,193 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax (2,789 ) - (2,789 ) Other comprehensive income 565,408 (8,426 ) 556,982 Balance as of September 30, 2017 $ 4,400,189 $ (77,090 ) $ 4,323,099 Nine Months Ended September 30, 2018 and 2017 (Unaudited) Balance as of January 1, 2018 $ 4,843,061 $ (82,110 ) $ 4,760,951 Other comprehensive loss before reclassifications, net of tax (6,003,761 ) 104,445 (5,899,316 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 193,495 - 193,495 Other comprehensive loss (6,197,256 ) 104,445 (6,092,811 ) Balance as of September 30, 2018 $ (1,354,195 ) $ 22,335 $ (1,331,860 ) Balance as of January 1, 2017 $ 831,917 $ (13,241 ) $ 818,676 Other comprehensive income before reclassifications, net of tax 3,538,833 (63,849 ) 3,474,984 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax (29,439 ) - (29,439 ) Other comprehensive income 3,568,272 (63,849 ) 3,504,423 Balance as of September 30, 2017 $ 4,400,189 $ (77,090 ) $ 4,323,099
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended September 30, 2018 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (717,379 ) $ (150,650 ) $ (566,729 ) Reclassification adjustment for net gains included in operations having no credit losses 205,453 43,146 162,307 Net unrealized losses on investments (922,832 ) (193,796 ) (729,036 ) Adjustment to deferred acquisition costs 14,204 2,983 11,221 Total other comprehensive loss $ (908,628 ) $ (190,813 ) $ (717,815 ) Three Months Ended September 30, 2017 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 703,274 $ 140,655 $ 562,619 Reclassification adjustment for net losses included in operations having no credit losses (3,486 ) (697 ) (2,789 ) Net unrealized gains on investments 706,760 141,352 565,408 Adjustment to deferred acquisition costs (10,532 ) (2,106 ) (8,426 ) Total other comprehensive income $ 696,228 $ 139,246 $ 556,982 Nine Months Ended September 30, 2018 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (7,599,699 ) $ (1,595,938 ) $ (6,003,761 ) Reclassification adjustment for net gains included in operations having no credit losses 244,930 51,435 193,495 Net unrealized losses on investments (7,844,629 ) (1,647,373 ) (6,197,256 ) Adjustment to deferred acquisition costs 132,210 27,765 104,445 Total other comprehensive loss $ (7,712,419 ) $ (1,619,608 ) $ (6,092,811 ) Nine Months Ended September 30, 2017 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 4,423,541 $ 884,708 $ 3,538,833 Reclassification adjustment for net losses included in operations having no credit losses (36,799 ) (7,360 ) (29,439 ) Net unrealized gains on investments 4,460,340 892,068 3,568,272 Adjustment to deferred acquisition costs (79,810 ) (15,961 ) (63,849 ) Total other comprehensive income $ 4,380,530 $ 876,107 $ 3,504,423
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) Reclassification Adjustments 2018 2017 2018 2017 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains (losses) on sales of securities (a) $ 205,453 $ (3,486 ) $ 244,930 $ (36,799 ) Income tax expense (benefit) (b) 43,146 (697 ) 51,435 (7,360 ) Total reclassification adjustments $ 162,307 $ (2,789 ) $ 193,495 $ (29,439 )

Note 9 - Allowance for Loan L_2

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Tables)	9 Months Ended
	Sep. 30, 2018
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Unaudited Three Months Ended September 30, Residential Mortgage Loans Commercial Mortgage Loans Total 2018 2017 2018 2017 2018 2017 Allowance, beginning $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Charge offs - - - - - - Recoveries - - - - - - Provision (9,539 ) 4,121 3,141 (128 ) (6,398 ) 3,993 Allowance, ending $ 362,813 $ 340,301 $ 41,085 $ 9,150 $ 403,898 $ 349,451 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 362,813 $ 340,301 $ 41,085 $ 9,150 $ 403,898 $ 349,451 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 72,543,552 $ 68,810,689 $ 8,175,791 $ 1,820,866 $ 80,719,343 $ 70,631,555 (Unaudited) Nine Months Ended September 30, Residential Mortgage Loans Commercial Mortgage Loans Total 2018 2017 2018 2017 2018 2017 Allowance, beginning $ 333,789 $ 238,121 $ 9,026 $ 6,306 $ 342,815 $ 244,427 Charge offs - - - - - - Recoveries - - - - - - Provision 29,024 102,180 32,059 2,844 61,083 105,024 Allowance, ending $ 362,813 $ 340,301 $ 41,085 $ 9,150 $ 403,898 $ 349,451 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 362,813 $ 340,301 $ 41,085 $ 9,150 $ 403,898 $ 349,451 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 72,543,552 $ 68,810,689 $ 8,175,791 $ 1,820,866 $ 80,719,343 $ 70,631,555
Financing Receivable Credit Quality Indicators [Table Text Block]	Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Over 70% to 80% $ 21,785,852 $ 19,515,632 $ 588,028 $ - $ 22,373,880 $ 19,515,632 Over 60% to 70% 40,666,684 36,192,035 1,792,207 - 42,458,891 36,192,035 Over 50% to 60% 24,660,854 25,121,248 757,229 835,093 25,418,083 25,956,341 Over 40% to 50% 15,482,145 12,923,381 2,040,413 - 17,522,558 12,923,381 Over 30% to 40% 4,305,553 4,303,273 2,363,418 658,296 6,668,971 4,961,569 Over 20% to 30% 2,654,072 1,867,670 967,801 159,671 3,621,873 2,027,341 Over 10% to 20% 2,426,480 727,245 140,058 143,150 2,566,538 870,395 10% or less 874,922 49,757 - - 874,922 49,757 Total $ 112,856,562 $ 100,700,241 $ 8,649,154 $ 1,796,210 $ 121,505,716 $ 102,496,451

Supplemental Disclosure - Cas_3

Supplemental Disclosure - Cash and Non-cash Impact on Investing (Details Textual) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Reduction in Available-for-sale Securities Fixed Maturity Securities		$ 729,737	$ 729,737
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 378,411	142,455
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 378,411	$ 142,455	$ 207,482

Supplemental Disclosure - Cas_4

Supplemental Disclosure - Cash and Non-cash Impact on Investing - Supplement Disclosures to Consolidated Statements of Cash Flows (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Reduction in available-for-securities fixed maturity securities		$ 729,737	$ 729,737
Other long-term investments		(729,737)
Net cash used in investing activities
Reduction in mortgage loans due to foreclosure	378,411	142,455
Investment real estate held-for-sale acquired through foreclosure	$ (378,411)	$ (142,455)

Note 1 - Organization and Sig_2

Note 1 - Organization and Significant Accounting Policies (Details Textual)

Nov. 08, 2018USD ($)

Apr. 28, 2015USD ($)

Dec. 28, 2011USD ($)

Dec. 31, 2008USD ($)

Dec. 23, 2008USD ($)

Jun. 30, 2018USD ($)

Sep. 30, 2018$ / shares

Dec. 31, 2004USD ($)

Dec. 31, 2012USD ($)shares

Mar. 08, 2013USD ($)

Mar. 08, 2013USD ($)shares

Sep. 30, 2018USD ($)$ / sharesshares

Dec. 31, 2017$ / shares

Aug. 31, 2009

Proceeds from Issuance of Private Placement

$ 1,450,000

Number Of Private Placements

2

1

Proceeds from Issuance Initial Public Offering

$ 25,669,480

Number of Public Offerings

2

Common Stock Dividends, Shares | shares

702,685

Number of Stock Dividends

2

Treasury Stock, Shares, Acquired | shares

247,580

Treasury Stock, Value, Acquired, Cost Method

$ 893,947

Number of Subsidiaries Merged

2

Liabilities Assumed Under Reinsurance Assumption Agreement

$ 3,055,916

Common Stock, Par or Stated Value Per Share | $ / shares

$ 0.01

$ 0.01

$ 0.01

Line of Credit [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 1,000,000

Line of Credit [Member] | Prime Rate [Member]

Debt Instrument, Basis Spread on Variable Rate

1.00%

Line of Credit [Member] | Subsequent Event [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 1,500,000

Debt Instrument, Maturity Date

Oct. 31, 2019

Line of Credit [Member] | Subsequent Event [Member] | Prime Rate [Member]

Debt Instrument, Basis Spread on Variable Rate

1.00%

Retained Earnings [Member]

Dividends, Total

$ 5,270,138

Common Stock Including Additional Paid in Capital [Member]

Stock Issued During Period, Value, Stock Dividend

$ 5,270,138

Term Products 10 Year [Member]

Term Products Number of Years

10 years

Term Products 15 Year [Member]

Term Products Number of Years

15 years

Term Products 20 Year [Member]

Term Products Number of Years

20 years

Term Products 30 Year [Member]

Term Products Number of Years

30 years

Trinity Life Insurance Company [Member] | Family Benefit Life Insurance Company [Member]

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Consideration Transferred, Total

$ 13,855,129

First Trinity Financial Corporation [Member] | First Life America Corporation [Member

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Consideration Transferred, Total

$ 2,695,234

Business Combination, Acquisition Related Costs

$ 195,234

Debt Instrument, Term

15 years

Debt Instrument, Face Amount

$ 250,000

Debt Instrument, Interest Rate, Stated Percentage

6.00%

Trinity Life Insurance Company [Member]

Wholly Owned Subsidiary Ownership Percentage

100.00%

100.00%

Family Benefit Life Insurance Company [Member] | Trinity Life Insurance Company [Member]

Wholly Owned Subsidiary Ownership Percentage

100.00%

100.00%

First Trinity Capital Corporation [Member]

Wholly Owned Subsidiary Ownership Percentage

100.00%

First Trinity Capital Corporation [Member] | First Life America Corporation [Member

Stock Issued During Period, Shares, New Issues | shares

7,347,488

Payments of Stock Issuance Costs

$ 3,624,518

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	9 Months Ended		12 Months Ended
	Sep. 30, 2018USD ($)ft²a	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2017USD ($)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	307
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 2,912,698
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	80,239,062
Investment Impaired Par Value				$ 650,000
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	0		$ 0	$ 207,450	$ 224,250
Deposit Assets, Total	4,355,887		4,308,853
Other Assets, Fair Value Disclosure	$ 4,238,579		$ 4,307,439
Number Of Loans Past Due	14		23
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	$ 1,049,742		$ 3,094,155
Past Due Loans, Term Past Due	90 days		90 days
Number of Mortgage Loans in Default	0		0
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 378,411	$ 142,455
Real Estate Investments, Net, Total	2,442,440		$ 2,382,966
Proceeds from Sale of Real Estate Held-for-investment, Total	261,470	190,084
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	378,411	$ 142,455	207,482
Real Estate Investments, Net, Total	209,821		185,702
Gains (Losses) on Sales of Investment Real Estate	51,649		4,382
Proceeds from Sale of Real Estate Held-for-investment, Total	$ 261,470		190,084
Topeka Kansas [Member] | Trinity Life Insurance Company [Member]
Area of Land | a	6.5
Residential Real Estate - Held for Sale [Member]
Real Estate Investment Property, at Cost, Total	$ 520,867		$ 352,277
Held for the Production of Income [Member] | Topeka Kansas [Member] | Trinity Life Insurance Company [Member] | Office Building [Member]
Area of Real Estate Property | ft²	20,000
Assets Held-for-sale not Part of a Disposal Group [Member] | Jefferson City Missouri [Member] | FBLIC [Member]
Area of Land | a	0.5
Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	305		67
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 2,895,593		$ 749,996
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	80,114,186		16,550,979
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 83,009,779		$ 17,300,975
Fair Value to Cost Ratio	97.00%		96.00%
Fixed Maturity Securities, Investment Grade Percentage	96.00%		93.00%
Preferred Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	1		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 1,860
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	48,140
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 50,000
Fair Value to Cost Ratio	96.00%
Equity Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	1		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 15,245
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	76,736
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 91,981
Fair Value to Cost Ratio	83.00%
Lottery Prize Cash Flows [Member]
Other Investments, Total	$ 58,255,713		$ 55,814,583

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Securities, amortized cost	$ 134,837,007	$ 144,224,811
Securities, gross unrealized gains	1,214,272	6,880,471
Securities, gross unrealized losses	2,912,698	749,996
Available-for-sale securities	133,138,581	150,355,286
Securities, gross unrealized gains	1,214,272	6,880,471
US Treasury and Government [Member]
Securities, amortized cost	2,979,866	2,989,688
Securities, gross unrealized gains	9,761	48,720
Securities, gross unrealized losses	119,300	65,341
Available-for-sale securities	2,870,327	2,973,067
Securities, gross unrealized gains	9,761	48,720
US States and Political Subdivisions Debt Securities [Member]
Securities, amortized cost	9,314,448	9,368,393
Securities, gross unrealized gains	101,294	337,442
Securities, gross unrealized losses	61,109	20,148
Available-for-sale securities	9,354,633	9,685,687
Securities, gross unrealized gains	101,294	337,442
Residential Mortgage Backed Securities [Member]
Securities, amortized cost	24,918	29,573
Securities, gross unrealized gains	31,552	41,736
Securities, gross unrealized losses
Available-for-sale securities	56,470	71,309
Securities, gross unrealized gains	31,552	41,736
Corporate Debt Securities [Member]
Securities, amortized cost	101,310,347	109,340,273
Securities, gross unrealized gains	955,437	5,248,291
Securities, gross unrealized losses	2,081,931	491,556
Available-for-sale securities	100,183,853	114,097,008
Securities, gross unrealized gains	955,437	5,248,291
Debt Security, Government, Non-US [Member]
Securities, amortized cost	20,668,152	21,894,020
Securities, gross unrealized gains	83,698	1,134,999
Securities, gross unrealized losses	633,253	172,951
Available-for-sale securities	20,118,597	22,856,068
Securities, gross unrealized gains	83,698	1,134,999
Debt Securities [Member]
Securities, amortized cost	134,551,407	143,621,947
Securities, gross unrealized gains	1,183,204	6,811,188
Securities, gross unrealized losses	2,895,593	749,996
Available-for-sale securities	132,839,018	149,683,139
Securities, gross unrealized gains	1,183,204	6,811,188
Preferred Stock [Member]
Securities, amortized cost	99,945	99,945
Securities, gross unrealized gains	95	775
Securities, gross unrealized losses	1,860
Available-for-sale securities	98,180	100,720
Securities, gross unrealized gains	95	775
Asset-backed Securities [Member]
Securities, amortized cost	253,676
Securities, gross unrealized gains	1,462
Securities, gross unrealized losses
Available-for-sale securities	255,138
Securities, gross unrealized gains	1,462
Mutual Fund [Member]
Securities, amortized cost	91,981	347,942
Securities, gross unrealized gains		1,124
Securities, gross unrealized losses	15,245
Available-for-sale securities	76,736	349,066
Securities, gross unrealized gains		1,124
Common Stock [Member]
Securities, amortized cost	93,674	154,977
Securities, gross unrealized gains	30,973	67,384
Securities, gross unrealized losses
Available-for-sale securities	124,647	222,361
Securities, gross unrealized gains	30,973	67,384
Equity Securities [Member]
Securities, amortized cost	185,655	502,919
Securities, gross unrealized gains	30,973	68,508
Securities, gross unrealized losses	15,245
Available-for-sale securities	201,383	571,427
Securities, gross unrealized gains	$ 30,973	$ 68,508

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Sep. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Available-for-sale securities, continuous unrealized loss position, fair value	$ 80,239,062
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 2,912,698
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	307
US Government Agencies Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 119,951	$ 326,163
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 5,098	$ 3,897
Securities in an unrealized loss position, less than twelve months, number	1	2
Securities in an unrealized loss position, more than twelve months, fair value	$ 1,440,760	$ 1,338,617
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 114,202	$ 61,444
Securities in an unrealized loss position, more than twelve months, number	5	5
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 2,824,688	$ 608,342
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 25,056	$ 6,889
Securities in an unrealized loss position, less than twelve months, number	18	3
Securities in an unrealized loss position, more than twelve months, fair value	$ 509,217	$ 579,008
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 36,053	$ 13,259
Securities in an unrealized loss position, more than twelve months, number	4	4
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 57,136,200	$ 5,995,898
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,697,585	$ 130,337
Securities in an unrealized loss position, less than twelve months, number	211	23
Securities in an unrealized loss position, more than twelve months, fair value	$ 3,686,822	$ 5,139,898
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 384,346	$ 361,219
Securities in an unrealized loss position, more than twelve months, number	16	20
Debt Security, Government, Non-US [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 13,757,533	$ 2,061,178
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 538,846	$ 98,520
Securities in an unrealized loss position, less than twelve months, number	48	7
Securities in an unrealized loss position, more than twelve months, fair value	$ 639,015	$ 501,875
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 94,407	$ 74,431
Securities in an unrealized loss position, more than twelve months, number	2	3
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 73,838,372	$ 8,991,581
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 2,266,585	$ 239,643
Securities in an unrealized loss position, less than twelve months, number	278	35
Securities in an unrealized loss position, more than twelve months, fair value	$ 6,275,814	$ 7,559,398
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 629,008	$ 510,353
Securities in an unrealized loss position, more than twelve months, number	27	32
Available-for-sale securities, continuous unrealized loss position, fair value	$ 80,114,186	$ 16,550,979
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 2,895,593	$ 749,996
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	305	67
Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 48,140
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,860
Securities in an unrealized loss position, less than twelve months, number	1
Available-for-sale securities, continuous unrealized loss position, fair value	$ 48,140
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 1,860
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	1	0
Equity Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 76,736
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 15,245
Securities in an unrealized loss position, less than twelve months, number	1
Available-for-sale securities, continuous unrealized loss position, fair value	$ 76,736
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 15,245
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	1	0

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Unrealized appreciation (depreciation) on available-for-sale securities	$ (1,714,154)	$ 6,130,475
Adjustment to deferred acquisition costs	28,255	(103,955)
Deferred income taxes	354,039	(1,265,569)
Net unrealized appreciation (depreciation) on available-for-sale securities	$ (1,331,860)	$ 4,760,951

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Fixed maturity available-for-sale securities - amortized cost	$ 134,551,407	$ 143,621,947
Fixed maturity available-for-sale securities - fair value	132,839,018	$ 149,683,139
Fixed Maturities [Member]
Due in one year or less - amortized cost	4,276,974
Due in one year or less - fair value	4,294,839
Due in one year through five years - amortized cost	25,798,481
Due after one year through five years	25,921,074
Due after five years through ten years - amortized cost	40,802,369
Due after five years through ten years - fair value	39,975,538
Due after ten years - amortized cost	63,648,665
Due after ten years - fair value	62,591,097
Due at multiple maturity dates - amortized cost	24,918
Due at multiple maturity dates - fair value	56,470
Fixed maturity available-for-sale securities - amortized cost	134,551,407
Fixed maturity available-for-sale securities - fair value	132,839,018
Other Long-term Investments [Member]
Due in one year or less - amortized cost	8,397,085
Due in one year or less - fair value	8,499,751
Due in one year through five years - amortized cost	24,362,037
Due after one year through five years	26,306,144
Due after five years through ten years - amortized cost	16,759,405
Due after five years through ten years - fair value	20,207,607
Due after ten years - amortized cost	8,737,186
Due after ten years - fair value	13,371,726
Due at multiple maturity dates - amortized cost
Due at multiple maturity dates - fair value
Fixed maturity available-for-sale securities - amortized cost	58,255,713
Fixed maturity available-for-sale securities - fair value	$ 68,385,228

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Fixed Maturities [Member]
Proceeds from sale, maturity, or collection of investments	$ 12,320,142	$ 4,536,924	$ 20,809,074	$ 17,140,173
Gross realized gains on sale of investments	305,883	37,337	386,403	564,589
Gross realized losses on sale of investments	(100,430)	(40,823)	(141,473)	(377,138)
Loss on other-than-temporary impairment				(224,250)
Other Long-term Investments [Member]
Proceeds from sale, maturity, or collection of investments				792,012
Gross realized gains on sale of investments				62,275
Gross realized losses on sale of investments
Loss on other-than-temporary impairment
Equity Securities [Member]
Proceeds from sale, maturity, or collection of investments	346,535		361,947
Gross realized gains on sale of investments	25,683		25,790
Gross realized losses on sale of investments	(58)		(58)
Loss on other-than-temporary impairment
Mortgages [Member]
Proceeds from sale, maturity, or collection of investments	206,617		261,470	190,084
Gross realized gains on sale of investments	52,971		52,971	6,050
Gross realized losses on sale of investments			(1,322)	(1,668)
Loss on other-than-temporary impairment

Note 2 - Investments - Accumula

Note 2 - Investments - Accumulated Change in Net Unrealized Investment Gains (Losses) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Change in unrealized investment gains (losses)	$ (729,036)	$ 565,408	$ (6,197,256)	$ 3,568,272
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	(921,992)	694,379	(7,773,581)	4,429,221
Fixed maturity securities	205,453	(3,486)	244,930	187,451
Preferred Stock [Member]
Change in unrealized investment gains (losses)	(840)	82	(2,540)	5,660
Equity Securities [Member]
Change in unrealized investment gains (losses)		$ 12,299		25,459
Equity securities, sale of securities	25,625		25,732
Equity securities, changes in fair value	(38,990)		(52,780)
Real Estate Investment [Member]
Net realized investment gains (losses)	$ 52,971		$ 51,649	4,382
Other Long-term Investments [Member]
Net realized investment gains (losses)				$ 62,275

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Gross Investment income	$ 5,607,382	$ 5,278,966	$ 16,611,016	$ 14,195,053
Investment expenses	(628,351)	(647,074)	(1,909,602)	(1,898,226)
Net investment income	4,979,031	4,631,892	14,701,414	12,296,827
Fixed Maturities [Member]
Gross Investment income	1,492,224	1,731,931	4,792,648	4,887,826
Preferred stock and Equity Securities [Member]
Gross Investment income	24,280	4,382	57,397	14,540
Other Long-term Investments [Member]
Gross Investment income	995,100	967,959	2,974,163	2,707,438
Mortgages [Member]
Gross Investment income	2,877,910	2,431,884	8,253,828	6,101,462
Policy Loans [Member]
Gross Investment income	31,055	28,640	90,480	84,657
Real Estate Investment [Member]
Gross Investment income	94,102	93,943	282,108	281,366
Short-term Investments [Member]
Gross Investment income	$ 92,711	$ 20,227	$ 160,392	$ 117,764

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 121,505,716	$ 102,496,451
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	112,856,562	100,700,241
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	8,649,154	1,796,210
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,528,587	430,613
Commercial Portfolio Segment [Member] | Apartment Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	696,500
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	113,160
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,766,622	137,703
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 4,544,285	$ 1,227,894

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Investment real estate, net	$ 2,442,440	$ 2,382,966
Land Held for the Production of Income [Member]
Real Estate Investment Property, at Cost, Total	213,160	213,160
Land Held for Sale [Member]
Real Estate Investment Property, at Cost, Total	745,155	745,155
Land [Member]
Real Estate Investment Property, at Cost, Total	958,315	958,315
Building Held for the Production of Income [Member]
Real Estate Investment Property, at Cost, Total	2,267,557	2,267,557
Less - accumulated depreciation	(1,304,299)	(1,195,183)
Investment real estate, net	963,258	1,072,374
Residential Real Estate - Held for Sale [Member]
Real Estate Investment Property, at Cost, Total	$ 520,867	$ 352,277

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements (Details Textual)	Sep. 30, 2018	Dec. 31, 2017
Number Of Private Placement Common Stocks	2	2

Note 3 - Fair Value Measureme_4

Note 3 - Fair Value Measurements - Fair Value Measured on a Recurring Basis (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Available-for-sale securities	$ 133,138,581	$ 150,355,286
Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	98,180	100,720
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	98,180	100,720
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
US Treasury and Government [Member]
Available-for-sale securities	2,870,327	2,973,067
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	2,870,327	2,973,067
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	2,870,327	2,973,067
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities	9,354,633	9,685,687
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	9,354,633	9,685,687
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	9,354,633	9,685,687
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Residential Mortgage Backed Securities [Member]
Available-for-sale securities	56,470	71,309
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	56,470	71,309
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	56,470	71,309
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Corporate Debt Securities [Member]
Available-for-sale securities	100,183,853	114,097,008
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	100,183,853	114,097,008
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	100,183,853	114,097,008
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Asset-backed Securities [Member]
Available-for-sale securities	255,138
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	255,138
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	255,138
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Debt Security, Government, Non-US [Member]
Available-for-sale securities	20,118,597	22,856,068
Debt Security, Government, Non-US [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	20,118,597	22,856,068
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	20,118,597	22,856,068
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Debt Securities [Member]
Available-for-sale securities	132,839,018	149,683,139
Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	132,839,018	149,683,139
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	132,839,018	149,683,139
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	76,736	349,066
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	76,736	349,066
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Common Stock [Member]
Available-for-sale securities	124,647	222,361
Common Stock [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	124,647	222,361
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	62,078	160,861
Common Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	62,569	61,500
Equity Securities [Member]
Available-for-sale securities	201,383	571,427
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	201,383	571,427
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	62,078	160,861
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	76,736	349,066
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	$ 62,569	$ 61,500

Note 3 - Fair Value Measureme_5

Note 3 - Fair Value Measurements - Note 3 - Fair Value Measurement - Change in Fair Value of Available-for-sale Equity Securities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Beginning balance	$ 61,500	$ 61,500
Purchases	10,200
Joint venture net income	40,746
Sales	(15,000)
Joint venture distribution	(34,877)
Ending balance	$ 62,569	$ 61,500

Note 3 - Fair Value Measureme_6

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Policy loans	$ 1,755,270	$ 1,660,175
Short-term investments	135,963	547,969
Accrued investment income	2,727,777	2,544,963
Policy claims	1,030,040	1,148,513
Reported Value Measurement [Member]
Policy loans	1,755,270	1,660,175
Short-term investments	135,963	547,969
Other long-term investments	58,255,713	55,814,583
Cash and cash equivalents	29,913,662	31,496,159
Accrued investment income	2,727,777	2,544,963
Total financial assets	214,294,101	194,560,300
Policyholders' account balances	294,738,874	292,909,762
Policy claims	1,030,040	1,148,513
Total financial liabilities	295,768,914	294,058,275
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	8,649,154	1,796,210
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	112,856,562	100,700,241
Estimate of Fair Value Measurement [Member]
Policy loans	1,755,270	1,660,175
Short-term investments	135,963	547,969
Other long-term investments	68,385,228	68,298,585
Cash and cash equivalents	29,913,662	31,496,159
Accrued investment income	2,727,777	2,544,963
Total financial assets	221,350,565	208,523,237
Policyholders' account balances	241,572,894	243,234,637
Policy claims	1,030,040	1,148,513
Total financial liabilities	242,602,934	244,383,150
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans
Short-term investments	135,963	547,969
Other long-term investments
Cash and cash equivalents	29,913,662	31,496,159
Accrued investment income
Total financial assets	30,049,625	32,044,128
Policyholders' account balances
Policy claims
Total financial liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Policy loans
Short-term investments
Other long-term investments
Cash and cash equivalents
Accrued investment income
Total financial assets
Policyholders' account balances
Policy claims
Total financial liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Policy loans	1,755,270	1,660,175
Short-term investments
Other long-term investments	68,385,228	68,298,585
Cash and cash equivalents
Accrued investment income	2,727,777	2,544,963
Total financial assets	191,300,940	176,479,109
Policyholders' account balances	241,572,894	243,234,637
Policy claims	1,030,040	1,148,513
Total financial liabilities	242,602,934	244,383,150
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	8,560,861	1,783,385
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 2 [Member]
Mortgage loans on real estate
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	8,560,861	1,783,385
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	109,871,804	102,192,001
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 2 [Member]
Mortgage loans on real estate
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	$ 109,871,804	$ 102,192,001

Note 4 - Segment Data - Operati

Note 4 - Segment Data - Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Total revenue	$ 10,003,791	$ 8,712,284	$ 29,089,986	$ 23,979,725
Income before income taxes	1,934,446	1,537,769	4,920,495	2,576,360
Depreciation and amortization expense	814,023	1,036,075	3,074,834	2,770,152
Life Insurance Operations [Member]
Total revenue	5,556,358	4,723,138	16,095,222	13,321,087
Income before income taxes	305,976	345,522	605,498	899,547
Depreciation and amortization expense	829,610	858,012	3,044,057	1,828,933
Annuity Operations [Member]
Total revenue	4,346,120	3,903,408	12,647,899	10,377,974
Income before income taxes	1,522,702	1,141,492	4,013,123	1,488,848
Depreciation and amortization expense	(15,587)	178,063	30,777	941,219
Corporate Segment [Member]
Total revenue	101,313	85,738	346,865	280,664
Income before income taxes	$ 105,768	$ 50,755	$ 301,874	$ 187,965

Note 4 - Segment Data - Assets

Note 4 - Segment Data - Assets (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Total assets	$ 414,399,438	$ 391,127,674
Life Insurance Operations [Member]
Total assets	64,870,773	56,780,793
Annuity Operations [Member]
Total assets	343,736,487	328,727,443
Corporate Segment [Member]
Total assets	$ 5,792,178	$ 5,619,438

Note 5 - Federal Income Taxes (

Note 5 - Federal Income Taxes (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)
Unrecognized Tax Benefits, Ending Balance	$ 0
Domestic Tax Authority [Member]
Open Tax Year	2015 2016 2017

Note 6 - Legal Matters and Co_2

Note 6 - Legal Matters and Contingent Liabilities (Details Textual) - USD ($)	Jun. 11, 2018	Feb. 17, 2017
Case No. CJ-2013-03385 [Member] | Mr. Pettigrew [Member] | First Trinity Financial Corporation [Member]
Loss Contingency, Damages Awarded, Value		$ 800,000
Case No. CJ-2013-03385 [Member] | Mr. Pettigrew [Member] | Mr. Zahn [Member]
Loss Contingency, Damages Awarded, Value		$ 3,500,000
Decreasing Term to 95 [Member]
Loss Contingency, Damages Paid, Value	$ 1,850,000

Note 7 - Line of Credit (Detail

Note 7 - Line of Credit (Details Textual) - Line of Credit [Member] - USD ($) $ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000
Proceeds from Lines of Credit, Total		$ 0	$ 0
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%

Note 8 - Other Comprehensive _3

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Balance			$ 41,252,179	$ 36,280,275
Total other comprehensive income (loss)	$ (717,815)	$ 556,982	(6,092,811)	3,504,423
Balance	39,092,393	41,840,872	39,092,393	41,840,872
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Balance	(625,159)	3,834,781	4,843,061	831,917
Other comprehensive loss before reclassifications, net of tax	(566,729)	562,619	(6,003,761)	3,538,833
Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax	162,307	(2,789)	193,495	(29,439)
Total other comprehensive income (loss)	(729,036)	565,408	(6,197,256)	3,568,272
Other comprehensive income before reclassifications, net of tax	(566,729)	562,619	(6,003,761)	3,538,833
Balance	(1,354,195)	4,400,189	(1,354,195)	4,400,189
Adjustment to Deferred Acquisition Costs [Member]
Balance	11,114	(68,664)	(82,110)	(13,241)
Other comprehensive loss before reclassifications, net of tax	11,221	(8,426)	104,445	(63,849)
Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax
Total other comprehensive income (loss)	11,221	(8,426)	104,445	(63,849)
Other comprehensive income before reclassifications, net of tax	11,221	(8,426)	104,445	(63,849)
Balance	22,335	(77,090)	22,335	(77,090)
AOCI Attributable to Parent [Member]
Balance	(614,045)	3,766,117	4,760,951	818,676
Other comprehensive loss before reclassifications, net of tax	(555,508)	554,193	(5,899,316)	3,474,984
Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax	162,307	(2,789)	193,495	(29,439)
Total other comprehensive income (loss)	(717,815)	556,982	(6,092,811)	3,504,423
Other comprehensive income before reclassifications, net of tax	(555,508)	554,193	(5,899,316)	3,474,984
Balance	$ (1,331,860)	$ 4,323,099	$ (1,331,860)	$ 4,323,099

Note 8 - Other Comprehensive _4

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Unrealized holding losses arising during the period, pretax		$ (717,379)	$ 703,274	$ (7,531,191)	$ 4,423,541
Unrealized holding gains arising during the period, income tax expense		(150,650)	140,655	(1,595,938)	884,708
Unrealized holding gains arising during the period, net of tax		(566,729)	562,619	(6,003,761)	3,538,833
Realized gains (losses) on sales of securities	[1]	205,453	(3,486)	244,930	(36,799)
Income tax expense (benefit)	[2]	43,146	(697)	51,435	(7,360)
Reclassification adjustment for net gains included in operations having no credit losses, net of tax		162,307	(2,789)	193,495	(29,439)
Net unrealized losses on investments, pretax		(922,832)	706,760	(7,844,629)	4,460,340
Net unrealized gains on investments, income tax expense		(193,796)	141,352	(1,647,373)	892,068
Net unrealized gains on investments, net of tax		(729,036)	565,408	(6,197,256)	3,568,272
Adjustment to deferred acquisition costs, pretax		14,204	(10,532)	132,210	(79,810)
Adjustment to deferred acquisition costs, income tax expense		2,983	(2,106)	27,765	(15,961)
Adjustment to deferred acquisition costs, net of tax		11,221	(8,426)	104,445	(63,849)
Total other comprehensive loss, pretax		(908,628)	696,228	(7,712,419)	4,380,530
Total other comprehensive income, income tax expense		(190,813)	139,246	(1,619,608)	876,107
Total other comprehensive income, net of tax		$ (717,815)	$ 556,982	$ (6,092,811)	$ 3,504,423
[1]	These items appear within net realized investment gains (losses) and other-than-temporary impairments in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 8 - Other Comprehensive _5

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Reclassified From Accumulated Other Comprehensive Income (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Realized gains (losses) on sales of securities	[1]	$ 205,453	$ (3,486)	$ 244,930	$ (36,799)
Income tax expense (benefit)	[2]	43,146	(697)	51,435	(7,360)
Total reclassification adjustments		$ 162,307	$ (2,789)	$ 193,495	$ (29,439)
[1]	These items appear within net realized investment gains (losses) and other-than-temporary impairments in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 9 - Allowance for Loan L_3

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Details Textual) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 121,505,716	$ 102,496,451
Financing Receivable, Collectively Evaluated for Impairment	80,719,343	68,596,191
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Losses, Ending Balance	403,898	342,815
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	634,817	564,479
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	40,786,373		$ 32,381,460
One Loan Originator [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	430,885	394,978
Advances To Loan Originator	4,662,792	4,925,259
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	203,932	169,501
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 40,786,373	$ 33,900,260

Note 9 - Allowance for Loan L_4

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate - Allowance for Loss On Premium Financing (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Provision			$ 61,083	$ 105,024
Financing Receivable, Collectively Evaluated for Impairment	$ 80,719,343		80,719,343		$ 68,596,191
Residential Portfolio Segment [Member]
Allowance, beginning	372,352	$ 336,180	333,789	238,121
Provision	(9,539)	4,121	29,024	102,180
Allowance, ending	362,813	340,301	362,813	340,301
Collectively evaluated for impairment	362,813	340,301	362,813	340,301
Financing Receivable, Collectively Evaluated for Impairment	72,543,552	68,810,689	72,543,552	68,810,689
Charge offs
Recoveries
Individually evaluated for impairment
Individually evaluated for impairment
Commercial Portfolio Segment [Member]
Allowance, beginning	37,944	9,278	9,026	6,306
Provision	3,141	(128)	32,059	2,844
Allowance, ending	41,085	9,150	41,085	9,150
Collectively evaluated for impairment	41,085	9,150	41,085	9,150
Financing Receivable, Collectively Evaluated for Impairment	8,175,791	1,820,866	8,175,791	1,820,866
Charge offs
Recoveries
Individually evaluated for impairment
Individually evaluated for impairment
Premium Finance Loans [Member]
Allowance, beginning	410,296	345,458	342,815	244,427
Provision	(6,398)	3,993	61,083	105,024
Allowance, ending	403,898	349,451	403,898	349,451
Collectively evaluated for impairment	403,898	349,451	403,898	349,451
Financing Receivable, Collectively Evaluated for Impairment	80,719,343	70,631,555	80,719,343	70,631,555
Charge offs
Recoveries
Individually evaluated for impairment
Individually evaluated for impairment

Note 9 - Allowance for Loan L_5

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate - Mortgage Loan to Value Ratios (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Mortgage loans on real estate	$ 121,505,716	$ 102,496,451
Loan to Value Range1 [Member]
Mortgage loans on real estate	22,373,880	19,515,632
Loan to Value Range 2 [Member]
Mortgage loans on real estate	42,458,891	36,192,035
Loan to Value Range 3 [Member]
Mortgage loans on real estate	25,418,083	25,956,341
Loan to Value Range 4 [Member]
Mortgage loans on real estate	17,522,558	12,923,381
Loan to Value Range 5 [Member]
Mortgage loans on real estate	6,668,971	4,961,569
Loan to Value Range 6 [Member]
Mortgage loans on real estate	3,621,873	2,027,341
Loan to Value Range 7 [Member]
Mortgage loans on real estate	2,566,538	870,395
Loan to Value Range 8 [Member]
Mortgage loans on real estate	874,922	49,757
Residential Portfolio Segment [Member]
Mortgage loans on real estate	112,856,562	100,700,241
Residential Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	21,785,852	19,515,632
Residential Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	40,666,684	36,192,035
Residential Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	24,660,854	25,121,248
Residential Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	15,482,145	12,923,381
Residential Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	4,305,553	4,303,273
Residential Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	2,654,072	1,867,670
Residential Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	2,426,480	727,245
Residential Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	874,922	49,757
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	8,649,154	1,796,210
Commercial Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	588,028
Commercial Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	1,792,207
Commercial Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	757,229	835,093
Commercial Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	2,040,413
Commercial Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	2,363,418	658,296
Commercial Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	967,801	159,671
Commercial Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	140,058	143,150
Commercial Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate