First Trinity Financial (FTFC) 10-Q 14 May 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 08, 2019
Document Information [Line Items]
Entity Registrant Name	First Trinity Financial Corp.
Entity Central Index Key	0001395585
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	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Current Period Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Investments
Available-for-sale fixed maturity securities at fair value (amortized cost: $137,457,653 and $134,414,517 as of March 31, 2019 and December 31, 2018, respectively)	$ 139,272,690	$ 131,152,199
Available-for-sale preferred stock at fair value (cost: $99,945 as of March 31, 2019 and December 31, 2018)	100,400	90,580
Equity securities at fair value (cost: $191,082 and $187,122 as of March 31, 2019 and December 31, 2018, respectively)	216,273	198,668
Mortgage loans on real estate	143,182,286	130,049,610
Investment real estate	2,454,877	2,392,031
Policy loans	1,834,806	1,809,339
Short-term investments	1,810,524	896,371
Other long-term investments	63,185,895	59,255,477
Total investments	352,057,751	325,844,275
Cash and cash equivalents	69,295,720	29,665,605
Accrued investment income	3,182,581	2,672,978
Recoverable from reinsurers	2,472,167	2,323,157
Assets held in trust under coinsurance agreement	45,209,891	25,494,700
Agents' balances and due premiums	1,521,746	1,418,916
Deferred policy acquisition costs	32,520,354	29,681,737
Value of insurance business acquired	5,104,423	5,185,870
Other assets	12,338,834	11,219,612
Total assets	523,703,467	433,506,850
Policy liabilities
Policyholders' account balances	333,310,416	297,168,411
Future policy benefits	58,376,526	56,261,507
Policy claims	1,449,529	1,102,257
Other policy liabilities	77,897	72,559
Total policy liabilities	393,214,368	354,604,734
Funds withheld under coinsurance agreement	57,673,090	29,285,119
Deferred federal income taxes	3,516,056	2,373,478
Other liabilities	24,743,512	8,118,268
Total liabilities	479,147,026	394,381,599
Shareholders' equity
Common stock, par value $.01 per share (20,000,000 shares authorized, 8,050,173 issued as of March 31, 2019 and December 31, 2018 and 7,802,593 outstanding as of March 31, 2019 and December 31, 2018)	80,502	80,502
Additional paid-in capital	28,684,598	28,684,598
Treasury stock, at cost (247,580 shares as of March 31, 2019 and December 31, 2018)	(893,947)	(893,947)
Accumulated other comprehensive income (loss)	1,432,363	(2,576,631)
Accumulated earnings	15,252,925	13,830,729
Total shareholders' equity	44,556,441	39,125,251
Total liabilities and shareholders' equity	$ 523,703,467	$ 433,506,850

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Available-for-sale fixed maturity securities at cost	$ 137,457,653	$ 134,414,517
Available-for-sale equity securities at cost	99,945	99,945
Equity securities, cost	$ 191,082	$ 187,122
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
	Mar. 31, 2019	Mar. 31, 2018
Revenues
Premiums	$ 5,530,806	$ 4,486,735
Net investment income	5,573,456	4,684,242
Net realized investment gains (losses)	53,720	(24,784)
Service fees	427,734	3,400
Other income	38,984	17,827
Total revenues	11,624,700	9,167,420
Benefits, Claims and Expenses
Increase in future policy benefits	2,151,600	1,439,591
Death benefits	1,632,780	1,562,056
Surrenders	350,407	227,669
Interest credited to policyholders	2,550,672	2,307,331
Dividend, endowment and supplementary life contract benefits	68,669	67,685
Total benefits and claims	6,754,128	5,604,332
Policy acquisition costs deferred	(3,615,460)	(2,308,033)
Amortization of deferred policy acquisition costs	764,346	823,548
Amortization of value of insurance business acquired	81,447	89,611
Commissions	3,572,572	2,103,122
Other underwriting, insurance and acquisition expenses	2,265,575	1,643,393
Total expenses	3,068,480	2,351,641
Total benefits, claims and expenses	9,822,608	7,955,973
Income before total federal income tax expense	1,802,092	1,211,447
Current federal income tax expense	303,002
Deferred federal income tax expense	76,894	271,066
Total federal income tax expense	379,896	271,066
Net income	$ 1,422,196	$ 940,381
Net income per common share basic and diluted (in dollars per share)	$ 0.18	$ 0.12

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Net income		$ 1,422,196	$ 940,381
Other Comprehensive Income (loss)
Total net unrealized gains (losses) arising during the period		5,127,250	(4,449,298)
Cumulative effect, adoption of accounting guidance for equity securities			(68,508)
Less net realized investment gains (losses) having no credit losses	[1]	40,075	(1,170)
Net unrealized gains (losses)		5,087,175	(4,448,128)
Less adjustment to deferred acquisition costs		12,497	(75,690)
Other comprehensive income (loss) before income tax expense (benefit)		5,074,678	(4,372,438)
Income tax expense (benefit)		1,065,684	(918,212)
Total other comprehensive income (loss)		4,008,994	(3,454,226)
Total comprehensive income (loss)		$ 5,431,190	$ (2,513,845)
[1]	These items appear within net realized investment gains (losses) 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, 2017	$ 80,502	$ 28,684,598	$ (893,947)	$ 4,760,951	$ 8,620,075	$ 41,252,179
Net income					940,381	940,381
Other comprehensive income (loss)				(3,454,226)		(3,454,226)
Balance at Mar. 31, 2018	80,502	28,684,598	(893,947)	1,306,725	9,628,964	38,806,842
Cumulative effect, adoption of accounting guidance for equity securities					68,508	68,508
Balance at Dec. 31, 2018	80,502	28,684,598	(893,947)	(2,576,631)	13,830,729	39,125,251
Net income					1,422,196	1,422,196
Other comprehensive income (loss)				4,008,994		4,008,994
Balance at Mar. 31, 2019	$ 80,502	$ 28,684,598	$ (893,947)	$ 1,432,363	$ 15,252,925	$ 44,556,441

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities
Net income	$ 1,422,196	$ 940,381
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for depreciation	36,372	36,372
Accretion of discount on investments	(1,167,169)	(837,220)
Net realized investment losses (gains)	(53,720)	24,784
Amortization of policy acquisition cost	764,346	823,548
Policy acquisition costs deferred	(3,615,460)	(2,308,033)
Amortization of loan origination fees	7,460	13,365
Amortization of value of insurance business acquired	81,447	89,611
Allowance for mortgage loan losses	33,217	41,203
Provision for deferred federal income tax expense	76,894	271,066
Interest credited to policyholders	2,550,672	2,307,331
Change in assets and liabilities:
Policy loans	(25,467)	12,855
Short-term investments	(914,153)	(1,995,943)
Accrued investment income	(509,603)	(79,480)
Recoverable from reinsurers	(149,010)	167,449
Assets held in trust under coinsurance agreement	(19,715,191)
Agents' balances and due premiums	(102,830)	70,148
Other assets (excludes change in receivable for securities sold of $33,600 and ($303,014) in 2019 and 2018, respectively)	(1,152,822)	(228,358)
Future policy benefits	2,115,019	1,433,136
Policy claims	347,272	65,022
Other policy liabilities	5,338	2,139
Other liabilities (exclude change in payable for securities purchased of ($124,160) and ($132,961) in 2019 and 2018, respectively)	16,749,404	1,392,743
Net cash provided by (used in) operating activities	(3,215,788)	2,242,119
Investing activities
Purchases of fixed maturity securities	(6,536,434)	(6,885,843)
Maturities of fixed maturity securities	2,600,000	1,950,000
Sales of fixed maturity securities	799,846	629,791
Purchases of equity securities	(27,784)	(968)
Sales of equity securities		412
Joint venture distribution	23,824
Purchases of mortgage loans	(21,818,443)	(16,247,647)
Payments on mortgage loans	8,694,982	6,810,769
Purchases of other long-term investments	(5,629,292)	(4,737,503)
Payments on other long-term investments	2,850,460	2,711,668
Net change in receivable and payable for securities sold and purchased	(90,560)	(435,975)
Net cash used in investing activities	(19,133,401)	(16,205,296)
Financing activities
Policyholders' account deposits	70,719,584	7,433,520
Policyholders' account withdrawals	(8,740,280)	(7,160,631)
Net cash provided by financing activities	61,979,304	272,889
Increase (decrease) in cash and cash equivalents	39,630,115	(13,690,288)
Cash and cash equivalents, beginning of period	29,665,605	31,496,159
Cash and cash equivalents, end of period	$ 69,295,720	$ 17,805,871

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Change in receivable for securities sold	$ 33,600	$ (303,014)
Change in payable of securities purchased	$ (124,160)	$ (132,961)

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	Supplemental Disclosure – Cash and Non-Cash Impact on Operating, Investing and Financing Activities During 2019, one $99,218 In conjunction with this foreclosure, the non-cash impact on investing activities is summarized as follows: Three Months Ended March 31, 2019 Reductions in mortgage loans due to foreclosure $ 99,218 Investment real estate held-for-sale acquired through foreclosure (99,218 ) 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	3 Months Ended
	Mar. 31, 2019
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, $3,644,839 $3,055,916 $588,923. 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 three March 31, 2019 not December 31, 2019 not 10 December 31, 2018. 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 March 31, 2019 Recent Accounting Pronouncements Leases In February 2016, 2018 11 12 two no not In July 2018, February 2016 ( 2018 11 may one December 15, 2018. In December 2018, 2018 20 not not The Company adopted this guidance in first 2019. 2019 not Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, 2016 13 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 Intangibles - Goodwill and Other In January 2017, 2017 04 2 1 2 1 1 1 may not 2 1. The updated guidance is effective for reporting periods beginning after December 15, 2019 January 1, 2017. not Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, 2018 12 The updated guidance is effective for reporting periods beginning after December 15, 2020. may 2021 Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, 2018 13 December 15, 2019. 2020 not

Note 2 - Investments

Note 2 - Investments	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 December 31, 2018 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value March 31, 2019 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 1,801,279 $ 2,054 $ 58,250 $ 1,745,083 States and political subdivisions 9,277,644 364,811 6,915 9,635,540 Residential mortgage-backed securities 22,252 26,041 - 48,293 Corporate bonds 103,183,030 2,633,218 1,107,842 104,708,406 Asset-backed 253,519 8,091 - 261,610 Foreign bonds 22,919,929 415,931 462,102 22,873,758 Total fixed maturity securities 137,457,653 3,450,146 1,635,109 139,272,690 Preferred stock 99,945 855 400 100,400 Equity securities Mutual funds 91,982 - 11,731 80,251 Corporate common stock 99,100 36,922 - 136,022 Total equity securities 191,082 36,922 11,731 216,273 Total fixed maturity, preferred stock and equity securities $ 137,748,680 $ 3,487,923 $ 1,647,240 $ 139,589,363 December 31, 2018 Fixed maturity securities U.S. government and U.S. government agencies $ 2,793,681 $ 2,769 $ 91,739 $ 2,704,711 States and political subdivisions 9,295,973 215,000 32,941 9,478,032 Residential mortgage-backed securities 23,694 27,461 - 51,155 Corporate bonds 100,360,468 823,991 3,220,268 97,964,191 Asset-backed 253,598 7,820 - 261,418 Foreign bonds 21,687,103 75,525 1,069,936 20,692,692 Total fixed maturity securities 134,414,517 1,152,566 4,414,884 131,152,199 Preferred stock 99,945 - 9,365 90,580 Equity securities Mutual funds 91,981 - 17,082 74,899 Corporate common stock 95,141 28,628 - 123,769 Total equity securities 187,122 28,628 17,082 198,668 Total fixed maturity, preferred stock and equity securities $ 134,701,584 $ 1,181,194 $ 4,441,331 $ 131,441,447 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 March 31, 2019 December 31, 2018 Unrealized Number of Fair Value Loss Securities March 31, 2019 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position States and political subdivisions $ 486,296 $ 6,915 3 Corporate bonds 15,199,095 290,145 50 Foreign bonds 4,516,082 158,214 17 Total less than 12 months in an unrealized loss position 20,201,473 455,274 70 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,621,687 58,250 6 Corporate bonds 14,750,863 817,697 58 Foreign bonds 5,226,329 303,888 15 Total more than 12 months in an unrealized loss position 21,598,879 1,179,835 79 Total fixed maturity securities in an unrealized loss position 41,800,352 1,635,109 149 Preferred stock, less than 12 months in an unrealized loss position 49,600 400 1 Equity securities (mutual funds), less than 12 months in an unrealized loss position 80,249 11,731 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 41,930,201 $ 1,647,240 $ 151 December 31, 2018 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 991,660 $ 2,419 1 States and political subdivisions 1,066,743 7,948 6 Corporate bonds 58,506,980 2,154,898 215 Foreign bonds 14,554,291 852,120 50 Total less than 12 months in an unrealized loss position 75,119,674 3,017,385 272 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,590,655 89,320 6 States and political subdivisions 518,969 24,993 4 Corporate bonds 7,107,831 1,065,370 30 Foreign bonds 1,376,680 217,816 5 Total more than 12 months in an unrealized loss position 10,594,135 1,397,499 45 Total fixed maturity securities in an unrealized loss position 85,713,809 4,414,884 317 Preferred stock, less than 12 months in an unrealized loss position 90,580 9,365 2 Equity securities (mutual funds), less than 12 months in an unrealized loss position 74,899 17,082 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 85,879,288 $ 4,441,331 $ 320 As of March 31, 2019, 149 $1,635,109, $41,800,352 $43,435,461. March 31, 2019. 149 96%. As of December 31, 2018, 317 $4,414,884, $85,713,809 $90,128,693. December 31, 2018. 317 95%. As of March 31, 2019, one $11,731, $80,249 $91,980. 87%. As of December 31, 2018, one $17,082, $74,899 $91,981. 81%. As of March 31, 2019, one $400, $49,600 $50,000. 99%. As of December 31, 2018, two $9,365, $90,580 $99,945. two 91%. Fixed maturity securities were 96% March 31, 2019 December 31, 2018. 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 There were no three March 31, 2019 2018. Management believes that the Company will fully recover its cost basis in the securities held as of March 31, 2019, not not Net unrealized gains included in other comprehensive income (loss) 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 March 31, 2019 December 31, 2018, (Unaudited) March 31, 2019 December 31, 2018 Unrealized appreciation (depreciation) on available-for-sale securities $ 1,815,492 $ (3,271,683 ) Adjustment to deferred acquisition costs (2,373 ) 10,124 Deferred income taxes (380,756 ) 684,928 Net unrealized appreciation (depreciation) on available-for-sale securities $ 1,432,363 $ (2,576,631 ) The Company’s investment in lottery prize cash flows categorized as other long-term investments in the statement of financial position was $63,185,895 $59,255,477 March 31, 2019 December 31, 2018, The amortized cost and fair value of fixed maturity available-for-sale securities and other long-term investments as of March 31, 2019, March 31, 2019 (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 $ 3,038,344 $ 3,062,717 $ 8,952,216 $ 9,099,748 Due after one year through five years 28,377,978 28,984,355 27,610,745 30,380,461 Due after five years through ten years 43,330,357 43,678,550 18,314,803 23,039,451 Due after ten years 62,688,722 63,498,775 8,308,131 13,517,451 Due at multiple maturity dates 22,252 48,293 - - $ 137,457,653 $ 139,272,690 $ 63,185,895 $ 76,037,111 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 and equity securities for the three March 31, 2019 2018 Three Months Ended March 31, (Unaudited) Fixed Maturity Securities Equity Securities 2019 2018 2019 2018 Proceeds $ 3,399,846 $ 2,579,791 $ - $ 412 Gross realized gains 44,555 6,101 - 106 Gross realized losses (4,480 ) (7,271 ) - - The accumulated change in unrealized investment gains (losses) for fixed maturity and preferred stock available-for-sale for the three March 31, 2019 2018 three March 31, 2019 2018 Three Months Ended March 31, (Unaudited) 2019 2018 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ 5,077,355 $ (4,375,840 ) Preferred stock 9,820 (3,780 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 40,075 (1,170 ) Equity securities, sale of securities - 106 Equity securities, changes in fair value 13,645 (23,720 ) Major categories of net investment income for the three March 31, 2019 2018 Three Months Ended March 31, (Unaudited) 2019 2018 Fixed maturity securities $ 1,529,476 $ 1,630,474 Preferred stock and equity securities 34,218 5,083 Other long-term investments 1,150,757 970,056 Mortgage loans 3,182,848 2,488,413 Policy loans 32,273 29,083 Real estate 64,296 94,003 Short-term and other investments 244,840 41,742 Gross investment income 6,238,708 5,258,854 Investment expenses (665,252 ) (574,612 ) Net investment income $ 5,573,456 $ 4,684,242 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 March 31, 2019 December 31, 2018, $4,382,763 $4,376,463, March 31, 2019 December 31, 2018, $4,352,112 $4,292,657, The Company’s mortgage loans by property type as of March 31, 2019 December 31, 2018 (Unaudited) March 31, 2019 December 31, 2018 Residential mortgage loans $ 132,867,267 $ 120,108,297 Commercial mortgage loans by property type Apartment 2,304,803 1,816,870 Industrial 1,146,212 1,156,157 Lodging 111,985 112,494 Office building 3,047,332 2,348,639 Retail 3,704,687 4,507,153 Total commercial mortgage loans by property type 10,315,019 9,941,313 Total mortgage loans $ 143,182,286 $ 130,049,610 There were 15 $3,339,379 90 March 31, 2019. 11 $2,233,575 90 December 31, 2018. There were no March 31, 2019 December 31, 2018. The Company’s investment real estate as of March 31, 2019 December 31, 2018 (Unaudited) March 31, 2019 December 31, 2018 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 (1,377,043 ) (1,340,671 ) Buildings net of accumulated depreciation 890,514 926,886 Residential real estate - held for sale 606,048 506,830 Total residential real estate 606,048 506,830 Investment real estate, net of accumulated depreciation $ 2,454,877 $ 2,392,031 TLIC owns approximately six one 20,000 one fourth one four three one During 2019, one $99,218

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Total March 31, 2019 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 1,745,083 $ - $ 1,745,083 States and political subdivisions - 9,635,540 - 9,635,540 Residential mortgage-backed securities - 48,293 - 48,293 Corporate bonds - 104,708,406 - 104,708,406 Asset-backed 261,610 261,610 Foreign bonds - 22,873,758 - 22,873,758 Total fixed maturity securities $ - $ 139,272,690 $ - $ 139,272,690 Preferred stock, available-for-sale $ 100,400 $ - $ - $ 100,400 Equity securities Mutual funds $ - $ 80,251 $ - $ 80,251 Corporate common stock 68,026 - 67,996 136,022 Total equity securities $ 68,026 $ 80,251 $ 67,996 $ 216,273 December 31, 2018 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,704,711 $ - $ 2,704,711 States and political subdivisions - 9,478,032 - 9,478,032 Residential mortgage-backed securities - 51,155 - 51,155 Corporate bonds - 97,964,191 - 97,964,191 Asset-backed - 261,418 - 261,418 Foreign bonds - 20,692,692 - 20,692,692 Total fixed maturity securities $ - $ 131,152,199 $ - $ 131,152,199 Preferred stock, available-for-sale $ 90,580 $ - $ - $ 90,580 Equity securities Mutual funds $ - $ 74,899 $ - $ 74,899 Corporate common stock 59,733 - 64,036 123,769 Total equity securities $ 59,733 $ 74,899 $ 64,036 $ 198,668 As of March 31, 2019 December 31, 2018, 3 two no These private placement common 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 securities and equity securities are 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 three March 31, 2019 March 31, 2018 Unaudited Three Months Ended March 31, 2019 2018 Beginning balance $ 64,036 $ 61,500 Joint venture net income 27,784 - Joint venture distribution (23,824 ) - Ending balance $ 67,996 $ 61,500 The carrying amount and fair value of the Company’s financial assets and financial liabilities disclosed, but not March 31, 2019 December 31, 2018, Financial instruments disclosed, but not Carrying Fair Amount Value Level 1 Level 2 Level 3 March 31, 2019 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 10,315,019 $ 10,043,300 $ - $ - $ 10,043,300 Residential 132,867,267 129,813,959 - - 129,813,959 Policy loans 1,834,806 1,834,806 - - 1,834,806 Short-term investments 1,810,524 1,810,524 1,810,524 - - Other long-term investments 63,185,895 76,037,111 - - 76,037,111 Cash and cash equivalents 69,295,720 69,295,720 69,295,720 - - Accrued investment income 3,182,581 3,182,581 - - 3,182,581 Total financial assets $ 282,491,812 $ 292,018,001 $ 71,106,244 $ - $ 220,911,757 Financial liabilities Policyholders' account balances $ 333,310,416 $ 302,901,926 $ - $ - $ 302,901,926 Policy claims 1,449,529 1,449,529 - - 1,449,529 Total financial liabilities $ 334,759,945 $ 304,351,455 $ - $ - $ 305,351,455 December 31, 2018 Financial assets Mortgage loans on real estate Commercial $ 9,941,313 $ 9,698,226 $ - $ - $ 9,698,226 Residential 120,108,297 115,788,967 - - 115,788,967 Policy loans 1,809,339 1,809,339 - - 1,809,339 Short-term investments 896,371 896,371 896,371 - - Other long-term investments 59,255,477 69,641,358 - - 69,641,358 Cash and cash equivalents 29,665,605 29,665,605 29,665,605 - - Accrued investment income 2,672,978 2,672,978 - - 2,672,978 Total financial assets $ 224,349,380 $ 230,172,844 $ 30,561,976 $ - $ 199,610,868 Financial liabilities Policyholders' account balances $ 297,168,411 $ 259,247,412 $ - $ - $ 259,247,412 Policy claims 1,102,257 1,102,257 - - 1,102,257 Total financial liabilities $ 298,270,668 $ 260,349,669 $ - $ - $ 260,349,669 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: Fixed Maturity Securities , Preferred Stock and Equity Securities The fair value of fixed maturity securities and equity securities are based on the principles previously discussed as Level 1, 2 3. 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 (includes apartment, industrial, lodging, office building and retail) mortgage loans, the discount rate used was assumed to be the interest rate on the last commercial mortgage 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 FTSE 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	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 December 31, 2018 three March 31, 2019 2018 Three Months Ended March 31, (Unaudited) 2019 2018 Revenues: Life insurance operations $ 6,471,048 $ 5,176,172 Annuity operations 4,970,032 3,878,137 Corporate operations 183,620 113,111 Total $ 11,624,700 $ 9,167,420 Income before income taxes: Life insurance operations $ 197,559 $ 171,519 Annuity operations 1,502,612 957,389 Corporate operations 101,921 82,539 Total $ 1,802,092 $ 1,211,447 Depreciation and amortization expense: Life insurance operations $ 830,461 $ 692,390 Annuity operations 59,164 270,506 Total $ 889,625 $ 962,896 (Unaudited) March 31, 2019 December 31, 2018 Assets: Life insurance operations $ 74,435,037 $ 69,756,013 Annuity operations 443,558,892 357,797,728 Corporate operations 5,709,538 5,953,109 Total $ 523,703,467 $ 433,506,850

Note 5 - Federal Income Taxes

Note 5 - Federal Income Taxes	3 Months Ended
	Mar. 31, 2019
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 2018

Note 6 - Legal Matters and Cont

Note 6 - Legal Matters and Contingent Liabilities	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 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 not On November 22, 2013, two not November 27, 2017 December 1, 2017 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 - Other Comprehensive In

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	7 . Ot her Comprehensive Income (Loss) and Accumulated O ther Comprehensive Income (Loss) The changes in the components of the Company’s accumulated other comprehensive income (loss) for the three March 31, 2019 2018 Three Months Ended March 31, 2019 and 2018 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2019 $ (2,584,643 ) $ 8,012 $ (2,576,631 ) Other comprehensive income before reclassifications, net of tax 4,050,528 (9,874 ) 4,040,654 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax 31,660 - 31,660 Other comprehensive income 4,018,868 (9,874 ) 4,008,994 Balance as of March 31, 2019 $ 1,434,225 $ (1,862 ) $ 1,432,363 Balance as of January 1, 2018 $ 4,843,061 $ (82,110 ) $ 4,760,951 Other comprehensive loss before reclassifications, net of tax (3,514,945 ) 59,795 (3,455,150 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax (924 ) - (924 ) Other comprehensive loss (3,514,021 ) 59,795 (3,454,226 ) Balance as of March 31, 2018 $ 1,329,040 $ (22,315 ) $ 1,306,725 The pretax components of the Company’s other comprehensive income (loss) and the related income tax expense for each component for the three March 31, 2019 2018 Income Tax Pretax Expense Net of Tax Three Months Ended March 31, 2019 (Unaudited) Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 5,127,250 $ 1,076,722 $ 4,050,528 Reclassification adjustment for net losses included in operations having no credit losses 40,075 8,415 31,660 Net unrealized gains on investments 5,087,175 1,068,307 4,018,868 Adjustment to deferred acquisition costs (12,497 ) (2,623 ) (9,874 ) Total other comprehensive income $ 5,074,678 $ 1,065,684 $ 4,008,994 Three Months Ended March 31, 2018 (Unaudited) Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (4,449,298 ) $ (934,353 ) $ (3,514,945 ) Reclassification adjustment for net losses included in operations having no credit losses (1,170 ) (246 ) (924 ) Net unrealized losses on investments (4,448,128 ) (934,107 ) (3,514,021 ) Adjustment to deferred acquisition costs 75,690 15,895 59,795 Total other comprehensive loss $ (4,372,438 ) $ (918,212 ) $ (3,454,226 ) 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 March 31, 2019 2018 Three Months Ended March 31, (Unaudited) Reclassification Adjustments 2019 2018 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains (losses) on sales of securities (a) $ 40,075 $ (1,170 ) Income tax expense (benefit) (b) 8,415 (246 ) Total reclassification adjustments $ 31,660 $ (924 ) (a) These items appear within net realized investment gains (losses) in the consolidated statements of operations. (b) These items appear within federal income taxes in the consolidated statements of operations.

Note 8 - Allowance for Loan Los

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate and Loans From Premium Financing	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Premiums Receivable Note [Text Block]	8 . 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 losses 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 March 31, 2019, $825,244 third March 31, 2019, $569,604 $5,713,102 March 31, 2019 $255,640 $51,127,965 $457,383 $92,054,321 March 31, 2019. As of December 31, 2018, $823,645 third December 31, 2018, $598,803 $4,942,870 December 31, 2018 $224,842 $44,968,471 $424,166 $85,081,139 December 31, 2018. The balances of and changes in the Company’s credit losses related to mortgage loans on real estate as of and for the three March 31, 2019 2018 $51,127,965 $35,129,998 March 31, 2019 2018, one third As of and for the Three Months Ended March 31, (Unaudited) Residential Mortgage Loans Commercial Mortgage Loans Total 2019 2018 2019 2018 2019 2018 Allowance, beginning $ 374,209 $ 333,789 $ 49,957 $ 9,026 $ 424,166 $ 342,815 Charge offs - - - - - - Recoveries - - - - - - Provision 31,339 36,982 1,878 4,221 33,217 41,203 Allowance, ending $ 405,548 $ 370,771 $ 51,835 $ 13,247 $ 457,383 $ 384,018 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 405,548 $ 370,771 $ 51,835 $ 13,247 $ 457,383 $ 384,018 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 81,739,302 $ 74,146,027 $ 10,315,019 $ 2,636,173 $ 92,054,321 $ 76,782,200 The Company utilizes the ratio of the carrying value of individual residential and commercial 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 mortgage loans on real estate by credit quality using this ratio as of March 31, 2019 December 31, 2018 Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 Over 70% to 80% $ 31,099,467 $ 23,205,637 $ 278,688 $ 280,020 $ 31,378,155 $ 23,485,657 Over 60% to 70% 47,817,237 43,631,465 1,693,632 2,216,436 49,510,869 45,847,901 Over 50% to 60% 26,639,540 24,890,831 1,672,687 752,181 28,312,227 25,643,012 Over 40% to 50% 14,988,637 16,055,231 2,151,478 1,670,263 17,140,115 17,725,494 Over 30% to 40% 6,068,811 5,984,097 3,132,176 3,341,616 9,200,987 9,325,713 Over 20% to 30% 2,835,783 3,249,410 1,147,885 1,429,085 3,983,668 4,678,495 Over 10% to 20% 2,423,121 2,233,102 238,473 251,712 2,661,594 2,484,814 10% or less 994,671 858,524 - - 994,671 858,524 Total $ 132,867,267 $ 120,108,297 $ 10,315,019 $ 9,941,313 $ 143,182,286 $ 130,049,610

Note 9 - Coinsurance

Note 9 - Coinsurance	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Reinsurance [Text Block]	9. Effective January 1, 2018, 90% December 31, 2017 In accordance with this annuity coinsurance agreement, TLIC holds assets and recognizes a funds withheld liability for the benefit of the assuming company in an amount at least equal to the annuity reserves in accordance with U.S. statutory accounting principles generated by this ceded business with a corresponding funds withheld liability recorded. In addition, the assuming company maintains a trust related to this ceded business amounting to at least an additional 4% may 30

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Stockholders' Equity, Policy [Policy Text Block]	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
Business Combinations Policy [Policy Text Block]	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, $3,644,839 $3,055,916 $588,923.
Basis of Accounting, Policy [Policy Text Block]	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 three March 31, 2019 not December 31, 2019 not 10 December 31, 2018.
Consolidation, Policy [Policy Text Block]	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.
Reclassification, Policy [Policy Text Block]	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, Policy [Policy Text Block]	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 Policy [Policy Text Block]	Common Stock Common stock is fully paid, non-assessable and has a par value of $.01
Treasury Stock [Policy Text Block]	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, Policy [Policy Text Block]	Subsequent Events Management has evaluated all events subsequent to March 31, 2019
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Leases In February 2016, 2018 11 12 two no not In July 2018, February 2016 ( 2018 11 may one December 15, 2018. In December 2018, 2018 20 not not The Company adopted this guidance in first 2019. 2019 not Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, 2016 13 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 Intangibles - Goodwill and Other In January 2017, 2017 04 2 1 2 1 1 1 may not 2 1. The updated guidance is effective for reporting periods beginning after December 15, 2019 January 1, 2017. not Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, 2018 12 The updated guidance is effective for reporting periods beginning after December 15, 2020. may 2021 Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, 2018 13 December 15, 2019. 2020 not

Supplemental Disclosure - Cas_2

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Three Months Ended March 31, 2019 Reductions in mortgage loans due to foreclosure $ 99,218 Investment real estate held-for-sale acquired through foreclosure (99,218 ) Net cash used in investing activities $ -

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value March 31, 2019 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 1,801,279 $ 2,054 $ 58,250 $ 1,745,083 States and political subdivisions 9,277,644 364,811 6,915 9,635,540 Residential mortgage-backed securities 22,252 26,041 - 48,293 Corporate bonds 103,183,030 2,633,218 1,107,842 104,708,406 Asset-backed 253,519 8,091 - 261,610 Foreign bonds 22,919,929 415,931 462,102 22,873,758 Total fixed maturity securities 137,457,653 3,450,146 1,635,109 139,272,690 Preferred stock 99,945 855 400 100,400 Equity securities Mutual funds 91,982 - 11,731 80,251 Corporate common stock 99,100 36,922 - 136,022 Total equity securities 191,082 36,922 11,731 216,273 Total fixed maturity, preferred stock and equity securities $ 137,748,680 $ 3,487,923 $ 1,647,240 $ 139,589,363 December 31, 2018 Fixed maturity securities U.S. government and U.S. government agencies $ 2,793,681 $ 2,769 $ 91,739 $ 2,704,711 States and political subdivisions 9,295,973 215,000 32,941 9,478,032 Residential mortgage-backed securities 23,694 27,461 - 51,155 Corporate bonds 100,360,468 823,991 3,220,268 97,964,191 Asset-backed 253,598 7,820 - 261,418 Foreign bonds 21,687,103 75,525 1,069,936 20,692,692 Total fixed maturity securities 134,414,517 1,152,566 4,414,884 131,152,199 Preferred stock 99,945 - 9,365 90,580 Equity securities Mutual funds 91,981 - 17,082 74,899 Corporate common stock 95,141 28,628 - 123,769 Total equity securities 187,122 28,628 17,082 198,668 Total fixed maturity, preferred stock and equity securities $ 134,701,584 $ 1,181,194 $ 4,441,331 $ 131,441,447
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of Fair Value Loss Securities March 31, 2019 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position States and political subdivisions $ 486,296 $ 6,915 3 Corporate bonds 15,199,095 290,145 50 Foreign bonds 4,516,082 158,214 17 Total less than 12 months in an unrealized loss position 20,201,473 455,274 70 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,621,687 58,250 6 Corporate bonds 14,750,863 817,697 58 Foreign bonds 5,226,329 303,888 15 Total more than 12 months in an unrealized loss position 21,598,879 1,179,835 79 Total fixed maturity securities in an unrealized loss position 41,800,352 1,635,109 149 Preferred stock, less than 12 months in an unrealized loss position 49,600 400 1 Equity securities (mutual funds), less than 12 months in an unrealized loss position 80,249 11,731 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 41,930,201 $ 1,647,240 $ 151 December 31, 2018 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 991,660 $ 2,419 1 States and political subdivisions 1,066,743 7,948 6 Corporate bonds 58,506,980 2,154,898 215 Foreign bonds 14,554,291 852,120 50 Total less than 12 months in an unrealized loss position 75,119,674 3,017,385 272 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,590,655 89,320 6 States and political subdivisions 518,969 24,993 4 Corporate bonds 7,107,831 1,065,370 30 Foreign bonds 1,376,680 217,816 5 Total more than 12 months in an unrealized loss position 10,594,135 1,397,499 45 Total fixed maturity securities in an unrealized loss position 85,713,809 4,414,884 317 Preferred stock, less than 12 months in an unrealized loss position 90,580 9,365 2 Equity securities (mutual funds), less than 12 months in an unrealized loss position 74,899 17,082 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 85,879,288 $ 4,441,331 $ 320
Unrealized Gain (Loss) on Investments [Table Text Block]	(Unaudited) March 31, 2019 December 31, 2018 Unrealized appreciation (depreciation) on available-for-sale securities $ 1,815,492 $ (3,271,683 ) Adjustment to deferred acquisition costs (2,373 ) 10,124 Deferred income taxes (380,756 ) 684,928 Net unrealized appreciation (depreciation) on available-for-sale securities $ 1,432,363 $ (2,576,631 )
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended March 31, (Unaudited) Fixed Maturity Securities Equity Securities 2019 2018 2019 2018 Proceeds $ 3,399,846 $ 2,579,791 $ - $ 412 Gross realized gains 44,555 6,101 - 106 Gross realized losses (4,480 ) (7,271 ) - -
Available-for-sale Securities [Table Text Block]	Three Months Ended March 31, (Unaudited) 2019 2018 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ 5,077,355 $ (4,375,840 ) Preferred stock 9,820 (3,780 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 40,075 (1,170 ) Equity securities, sale of securities - 106 Equity securities, changes in fair value 13,645 (23,720 )
Investment Income [Table Text Block]	Three Months Ended March 31, (Unaudited) 2019 2018 Fixed maturity securities $ 1,529,476 $ 1,630,474 Preferred stock and equity securities 34,218 5,083 Other long-term investments 1,150,757 970,056 Mortgage loans 3,182,848 2,488,413 Policy loans 32,273 29,083 Real estate 64,296 94,003 Short-term and other investments 244,840 41,742 Gross investment income 6,238,708 5,258,854 Investment expenses (665,252 ) (574,612 ) Net investment income $ 5,573,456 $ 4,684,242
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Unaudited) March 31, 2019 December 31, 2018 Residential mortgage loans $ 132,867,267 $ 120,108,297 Commercial mortgage loans by property type Apartment 2,304,803 1,816,870 Industrial 1,146,212 1,156,157 Lodging 111,985 112,494 Office building 3,047,332 2,348,639 Retail 3,704,687 4,507,153 Total commercial mortgage loans by property type 10,315,019 9,941,313 Total mortgage loans $ 143,182,286 $ 130,049,610
Schedule of Real Estate Properties [Table Text Block]	(Unaudited) March 31, 2019 December 31, 2018 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 (1,377,043 ) (1,340,671 ) Buildings net of accumulated depreciation 890,514 926,886 Residential real estate - held for sale 606,048 506,830 Total residential real estate 606,048 506,830 Investment real estate, net of accumulated depreciation $ 2,454,877 $ 2,392,031
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	March 31, 2019 (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 $ 3,038,344 $ 3,062,717 $ 8,952,216 $ 9,099,748 Due after one year through five years 28,377,978 28,984,355 27,610,745 30,380,461 Due after five years through ten years 43,330,357 43,678,550 18,314,803 23,039,451 Due after ten years 62,688,722 63,498,775 8,308,131 13,517,451 Due at multiple maturity dates 22,252 48,293 - - $ 137,457,653 $ 139,272,690 $ 63,185,895 $ 76,037,111

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total March 31, 2019 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 1,745,083 $ - $ 1,745,083 States and political subdivisions - 9,635,540 - 9,635,540 Residential mortgage-backed securities - 48,293 - 48,293 Corporate bonds - 104,708,406 - 104,708,406 Asset-backed 261,610 261,610 Foreign bonds - 22,873,758 - 22,873,758 Total fixed maturity securities $ - $ 139,272,690 $ - $ 139,272,690 Preferred stock, available-for-sale $ 100,400 $ - $ - $ 100,400 Equity securities Mutual funds $ - $ 80,251 $ - $ 80,251 Corporate common stock 68,026 - 67,996 136,022 Total equity securities $ 68,026 $ 80,251 $ 67,996 $ 216,273 December 31, 2018 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,704,711 $ - $ 2,704,711 States and political subdivisions - 9,478,032 - 9,478,032 Residential mortgage-backed securities - 51,155 - 51,155 Corporate bonds - 97,964,191 - 97,964,191 Asset-backed - 261,418 - 261,418 Foreign bonds - 20,692,692 - 20,692,692 Total fixed maturity securities $ - $ 131,152,199 $ - $ 131,152,199 Preferred stock, available-for-sale $ 90,580 $ - $ - $ 90,580 Equity securities Mutual funds $ - $ 74,899 $ - $ 74,899 Corporate common stock 59,733 - 64,036 123,769 Total equity securities $ 59,733 $ 74,899 $ 64,036 $ 198,668
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Unaudited Three Months Ended March 31, 2019 2018 Beginning balance $ 64,036 $ 61,500 Joint venture net income 27,784 - Joint venture distribution (23,824 ) - Ending balance $ 67,996 $ 61,500
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 March 31, 2019 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 10,315,019 $ 10,043,300 $ - $ - $ 10,043,300 Residential 132,867,267 129,813,959 - - 129,813,959 Policy loans 1,834,806 1,834,806 - - 1,834,806 Short-term investments 1,810,524 1,810,524 1,810,524 - - Other long-term investments 63,185,895 76,037,111 - - 76,037,111 Cash and cash equivalents 69,295,720 69,295,720 69,295,720 - - Accrued investment income 3,182,581 3,182,581 - - 3,182,581 Total financial assets $ 282,491,812 $ 292,018,001 $ 71,106,244 $ - $ 220,911,757 Financial liabilities Policyholders' account balances $ 333,310,416 $ 302,901,926 $ - $ - $ 302,901,926 Policy claims 1,449,529 1,449,529 - - 1,449,529 Total financial liabilities $ 334,759,945 $ 304,351,455 $ - $ - $ 305,351,455 December 31, 2018 Financial assets Mortgage loans on real estate Commercial $ 9,941,313 $ 9,698,226 $ - $ - $ 9,698,226 Residential 120,108,297 115,788,967 - - 115,788,967 Policy loans 1,809,339 1,809,339 - - 1,809,339 Short-term investments 896,371 896,371 896,371 - - Other long-term investments 59,255,477 69,641,358 - - 69,641,358 Cash and cash equivalents 29,665,605 29,665,605 29,665,605 - - Accrued investment income 2,672,978 2,672,978 - - 2,672,978 Total financial assets $ 224,349,380 $ 230,172,844 $ 30,561,976 $ - $ 199,610,868 Financial liabilities Policyholders' account balances $ 297,168,411 $ 259,247,412 $ - $ - $ 259,247,412 Policy claims 1,102,257 1,102,257 - - 1,102,257 Total financial liabilities $ 298,270,668 $ 260,349,669 $ - $ - $ 260,349,669

Note 4 - Segment Data (Tables)

Note 4 - Segment Data (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended March 31, (Unaudited) 2019 2018 Revenues: Life insurance operations $ 6,471,048 $ 5,176,172 Annuity operations 4,970,032 3,878,137 Corporate operations 183,620 113,111 Total $ 11,624,700 $ 9,167,420 Income before income taxes: Life insurance operations $ 197,559 $ 171,519 Annuity operations 1,502,612 957,389 Corporate operations 101,921 82,539 Total $ 1,802,092 $ 1,211,447 Depreciation and amortization expense: Life insurance operations $ 830,461 $ 692,390 Annuity operations 59,164 270,506 Total $ 889,625 $ 962,896
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	(Unaudited) March 31, 2019 December 31, 2018 Assets: Life insurance operations $ 74,435,037 $ 69,756,013 Annuity operations 443,558,892 357,797,728 Corporate operations 5,709,538 5,953,109 Total $ 523,703,467 $ 433,506,850

Note 7 - Other Comprehensive _2

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended March 31, 2019 and 2018 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2019 $ (2,584,643 ) $ 8,012 $ (2,576,631 ) Other comprehensive income before reclassifications, net of tax 4,050,528 (9,874 ) 4,040,654 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax 31,660 - 31,660 Other comprehensive income 4,018,868 (9,874 ) 4,008,994 Balance as of March 31, 2019 $ 1,434,225 $ (1,862 ) $ 1,432,363 Balance as of January 1, 2018 $ 4,843,061 $ (82,110 ) $ 4,760,951 Other comprehensive loss before reclassifications, net of tax (3,514,945 ) 59,795 (3,455,150 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax (924 ) - (924 ) Other comprehensive loss (3,514,021 ) 59,795 (3,454,226 ) Balance as of March 31, 2018 $ 1,329,040 $ (22,315 ) $ 1,306,725
Comprehensive Income (Loss) [Table Text Block]	Income Tax Pretax Expense Net of Tax Three Months Ended March 31, 2019 (Unaudited) Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 5,127,250 $ 1,076,722 $ 4,050,528 Reclassification adjustment for net losses included in operations having no credit losses 40,075 8,415 31,660 Net unrealized gains on investments 5,087,175 1,068,307 4,018,868 Adjustment to deferred acquisition costs (12,497 ) (2,623 ) (9,874 ) Total other comprehensive income $ 5,074,678 $ 1,065,684 $ 4,008,994 Three Months Ended March 31, 2018 (Unaudited) Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (4,449,298 ) $ (934,353 ) $ (3,514,945 ) Reclassification adjustment for net losses included in operations having no credit losses (1,170 ) (246 ) (924 ) Net unrealized losses on investments (4,448,128 ) (934,107 ) (3,514,021 ) Adjustment to deferred acquisition costs 75,690 15,895 59,795 Total other comprehensive loss $ (4,372,438 ) $ (918,212 ) $ (3,454,226 )
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended March 31, (Unaudited) Reclassification Adjustments 2019 2018 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains (losses) on sales of securities (a) $ 40,075 $ (1,170 ) Income tax expense (benefit) (b) 8,415 (246 ) Total reclassification adjustments $ 31,660 $ (924 )

Note 8 - Allowance for Loan L_2

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate and Loans From Premium Financing (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	As of and for the Three Months Ended March 31, (Unaudited) Residential Mortgage Loans Commercial Mortgage Loans Total 2019 2018 2019 2018 2019 2018 Allowance, beginning $ 374,209 $ 333,789 $ 49,957 $ 9,026 $ 424,166 $ 342,815 Charge offs - - - - - - Recoveries - - - - - - Provision 31,339 36,982 1,878 4,221 33,217 41,203 Allowance, ending $ 405,548 $ 370,771 $ 51,835 $ 13,247 $ 457,383 $ 384,018 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 405,548 $ 370,771 $ 51,835 $ 13,247 $ 457,383 $ 384,018 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 81,739,302 $ 74,146,027 $ 10,315,019 $ 2,636,173 $ 92,054,321 $ 76,782,200
Financing Receivable Credit Quality Indicators [Table Text Block]	Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 Over 70% to 80% $ 31,099,467 $ 23,205,637 $ 278,688 $ 280,020 $ 31,378,155 $ 23,485,657 Over 60% to 70% 47,817,237 43,631,465 1,693,632 2,216,436 49,510,869 45,847,901 Over 50% to 60% 26,639,540 24,890,831 1,672,687 752,181 28,312,227 25,643,012 Over 40% to 50% 14,988,637 16,055,231 2,151,478 1,670,263 17,140,115 17,725,494 Over 30% to 40% 6,068,811 5,984,097 3,132,176 3,341,616 9,200,987 9,325,713 Over 20% to 30% 2,835,783 3,249,410 1,147,885 1,429,085 3,983,668 4,678,495 Over 10% to 20% 2,423,121 2,233,102 238,473 251,712 2,661,594 2,484,814 10% or less 994,671 858,524 - - 994,671 858,524 Total $ 132,867,267 $ 120,108,297 $ 10,315,019 $ 9,941,313 $ 143,182,286 $ 130,049,610

Supplemental Disclosure - Cas_3

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities (Details Textual)	3 Months Ended
	Mar. 31, 2019USD ($)
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 99,218

Supplemental Disclosure - Cas_4

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities - Supplement Disclosures to Consolidated Statements of Cash Flows (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Reductions in mortgage loans due to foreclosure	$ 99,218
Investment real estate held-for-sale acquired through foreclosure	(99,218)
Net cash used in investing activities

Note 1 - Organization and Sig_2

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

Apr. 28, 2015USD ($)

Dec. 28, 2011USD ($)

Dec. 31, 2008USD ($)

Dec. 23, 2008USD ($)

Mar. 31, 2019$ / shares

Dec. 31, 2004USD ($)

Dec. 31, 2012USD ($)shares

Dec. 31, 2015USD ($)shares

Mar. 08, 2013USD ($)

Mar. 08, 2013USD ($)shares

Dec. 31, 2018$ / 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

Asset Acquired Under Assumption Reinsurance Agreement

$ 3,644,839

Liabilities Assumed Under Reinsurance Assumption Agreement

3,055,916

Gain on Reinsurance Assumption

$ 588,923

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

$ 0.01

$ 0.01

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%

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

Wholly Owned Subsidiary Ownership Percentage

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)	3 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)ft²a	Dec. 31, 2018USD ($)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	151	320
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 1,647,240	$ 4,441,331
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	41,930,201	85,879,288
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	0	0
Deposit Assets, Total	4,382,763	4,376,463
Other Assets, Fair Value Disclosure	$ 4,352,112	$ 4,292,657
Number Of Loans Past Due	15	11
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 3,339,379	$ 2,233,575
Past Due Loans, Term Past Due		90 days
Number of Mortgage Loans in Default	0	0
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 99,218
Topeka Kansas [Member] | Trinity Life Insurance Company [Member]
Area of Land | a	6.5
Topeka Kansas [Member] | Trinity Life Insurance Company [Member] | Held for the Production of Income [Member] | Office Building [Member]
Area of Real Estate Property | ft²	20,000
Jefferson City Missouri [Member] | FBLIC [Member] | Assets Held-for-sale not Part of a Disposal Group [Member]
Area of Land | a	0.5
Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	149	317
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 1,635,109	$ 4,414,884
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	41,800,352	85,713,809
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 43,435,461	$ 90,128,693
Fair Value to Cost Ratio	96.00%	95.00%
Fixed Maturity Securities, Investment Grade Percentage	96.00%	96.00%
Equity Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	1	1
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 11,731	$ 17,082
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	80,249	74,899
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 91,980	$ 91,981
Fair Value to Cost Ratio	87.00%	81.00%
Preferred Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	1	2
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 400	$ 9,365
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	49,600	90,580
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 50,000	$ 99,945
Fair Value to Cost Ratio	99.00%	91.00%
Lottery Prize Cash Flows [Member]
Other Investments, Total	$ 63,185,895	$ 59,255,477

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Securities, amortized cost	$ 137,748,680	$ 134,701,584
Securities, gross unrealized gains	3,487,923	1,181,194
Securities, gross unrealized losses	1,647,240	4,441,331
Available-for-sale securities	139,589,363	131,441,447
Securities, gross unrealized gains	3,487,923	1,181,194
US Treasury and Government [Member]
Securities, amortized cost	1,801,279	2,793,681
Securities, gross unrealized gains	2,054	2,769
Securities, gross unrealized losses	58,250	91,739
Available-for-sale securities	1,745,083	2,704,711
Securities, gross unrealized gains	2,054	2,769
US States and Political Subdivisions Debt Securities [Member]
Securities, amortized cost	9,277,644	9,295,973
Securities, gross unrealized gains	364,811	215,000
Securities, gross unrealized losses	6,915	32,941
Available-for-sale securities	9,635,540	9,478,032
Securities, gross unrealized gains	364,811	215,000
Residential Mortgage Backed Securities [Member]
Securities, amortized cost	22,252	23,694
Securities, gross unrealized gains	26,041	27,461
Securities, gross unrealized losses
Available-for-sale securities	48,293	51,155
Securities, gross unrealized gains	26,041	27,461
Corporate Debt Securities [Member]
Securities, amortized cost	103,183,030	100,360,468
Securities, gross unrealized gains	2,633,218	823,991
Securities, gross unrealized losses	1,107,842	3,220,268
Available-for-sale securities	104,708,406	97,964,191
Securities, gross unrealized gains	2,633,218	823,991
Asset-backed Securities [Member]
Securities, amortized cost	253,519	253,598
Securities, gross unrealized gains	8,091	7,820
Securities, gross unrealized losses
Available-for-sale securities	261,610	261,418
Securities, gross unrealized gains	8,091	7,820
Debt Security, Government, Non-US [Member]
Securities, amortized cost	22,919,929	21,687,103
Securities, gross unrealized gains	415,931	75,525
Securities, gross unrealized losses	462,102	1,069,936
Available-for-sale securities	22,873,758	20,692,692
Securities, gross unrealized gains	415,931	75,525
Debt Securities [Member]
Securities, amortized cost	137,457,653	134,414,517
Securities, gross unrealized gains	3,450,146	1,152,566
Securities, gross unrealized losses	1,635,109	4,414,884
Available-for-sale securities	139,272,690	131,152,199
Securities, gross unrealized gains	3,450,146	1,152,566
Preferred Stock [Member]
Securities, amortized cost	99,945	99,945
Securities, gross unrealized gains	855
Securities, gross unrealized losses	400	9,365
Available-for-sale securities	100,400	90,580
Securities, gross unrealized gains	855
Mutual Fund [Member]
Securities, amortized cost	91,982	91,981
Securities, gross unrealized gains
Securities, gross unrealized losses	11,731	17,082
Available-for-sale securities	80,251	74,899
Securities, gross unrealized gains
Common Stock [Member]
Securities, amortized cost	99,100	95,141
Securities, gross unrealized gains	36,922	28,628
Securities, gross unrealized losses
Available-for-sale securities	136,022	123,769
Securities, gross unrealized gains	36,922	28,628
Equity Securities [Member]
Securities, amortized cost	191,082	187,122
Securities, gross unrealized gains	36,922	28,628
Securities, gross unrealized losses	11,731	17,082
Available-for-sale securities	216,273	198,668
Securities, gross unrealized gains	$ 36,922	$ 28,628

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Available-for-sale securities, continuous unrealized loss position, fair value	$ 41,930,201	$ 85,879,288
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 1,647,240	$ 4,441,331
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	151	320
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 486,296	$ 1,066,743
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 6,915	$ 7,948
Securities in an unrealized loss position, less than twelve months, number	3	6
Securities in an unrealized loss position, more than twelve months, fair value		$ 518,969
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 24,993
Securities in an unrealized loss position, more than twelve months, number		4
US Government Agencies Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 1,621,687	$ 991,660
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 58,250	$ 2,419
Securities in an unrealized loss position, less than twelve months, number	6	1
Securities in an unrealized loss position, more than twelve months, fair value		$ 1,590,655
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 89,320
Securities in an unrealized loss position, more than twelve months, number		6
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 15,199,095	$ 58,506,980
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 290,145	$ 2,154,898
Securities in an unrealized loss position, less than twelve months, number	50	215
Securities in an unrealized loss position, more than twelve months, fair value	$ 14,750,863	$ 7,107,831
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 817,697	$ 1,065,370
Securities in an unrealized loss position, more than twelve months, number	58	30
Debt Security, Government, Non-US [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 4,516,082	$ 14,554,291
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 158,214	$ 852,120
Securities in an unrealized loss position, less than twelve months, number	17	50
Securities in an unrealized loss position, more than twelve months, fair value	$ 5,226,329	$ 1,376,680
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 303,888	$ 217,816
Securities in an unrealized loss position, more than twelve months, number	15	5
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 20,201,473	$ 75,119,674
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 455,274	$ 3,017,385
Securities in an unrealized loss position, less than twelve months, number	70	272
Securities in an unrealized loss position, more than twelve months, fair value	$ 21,598,879	$ 10,594,135
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 1,179,835	$ 1,397,499
Securities in an unrealized loss position, more than twelve months, number	79	45
Available-for-sale securities, continuous unrealized loss position, fair value	$ 41,800,352	$ 85,713,809
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 1,635,109	$ 4,414,884
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	149	317
Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 49,600	$ 90,580
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 400	$ 9,365
Securities in an unrealized loss position, less than twelve months, number	1	2
Available-for-sale securities, continuous unrealized loss position, fair value	$ 49,600	$ 90,580
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 400	$ 9,365
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	1	2
Equity Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 80,249	$ 74,899
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 11,731	$ 17,082
Securities in an unrealized loss position, less than twelve months, number	1	1
Available-for-sale securities, continuous unrealized loss position, fair value	$ 80,249	$ 74,899
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 11,731	$ 17,082
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	1	1

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Unrealized appreciation (depreciation) on available-for-sale securities	$ 1,815,492	$ (3,271,683)
Adjustment to deferred acquisition costs	(2,373)	10,124
Deferred income taxes	(380,756)	684,928
Net unrealized appreciation (depreciation) on available-for-sale securities	$ 1,432,363	$ (2,576,631)

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Fixed maturity available-for-sale securities - amortized cost	$ 137,457,653	$ 134,414,517
Fixed maturity available-for-sale securities - fair value	139,272,690	$ 131,152,199
Fixed Maturities [Member]
Due in one year or less - amortized cost	3,038,344
Due in one year or less - fair value	3,062,717
Due in one year through five years - amortized cost	28,377,978
Due after one year through five years	28,984,355
Due after five years through ten years - amortized cost	43,330,357
Due after five years through ten years - fair value	43,678,550
Due after ten years - amortized cost	62,688,722
Due after ten years - fair value	63,498,775
Due at multiple maturity dates - amortized cost	22,252
Due at multiple maturity dates - fair value	48,293
Fixed maturity available-for-sale securities - amortized cost	137,457,653
Fixed maturity available-for-sale securities - fair value	139,272,690
Other Long-term Investments [Member]
Due in one year or less - amortized cost	8,952,216
Due in one year or less - fair value	9,099,748
Due in one year through five years - amortized cost	27,610,745
Due after one year through five years	30,380,461
Due after five years through ten years - amortized cost	18,314,803
Due after five years through ten years - fair value	23,039,451
Due after ten years - amortized cost	8,308,131
Due after ten years - fair value	13,517,451
Due at multiple maturity dates - amortized cost
Due at multiple maturity dates - fair value
Fixed maturity available-for-sale securities - amortized cost	63,185,895
Fixed maturity available-for-sale securities - fair value	$ 76,037,111

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Fixed Maturities [Member]
Proceeds from sale, maturity, or collection of investments	$ 3,399,846	$ 2,579,791
Gross realized gains on sale of investments	44,555	6,101
Gross realized losses on sale of investments	(4,480)	(7,271)
Equity Securities [Member]
Proceeds from sale, maturity, or collection of investments		412
Gross realized gains on sale of investments		106
Gross realized losses on sale of investments

Note 2 - Investments - Accumula

Note 2 - Investments - Accumulated Change in Net Unrealized Investment Gains (Losses) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Change in unrealized investment gains (losses)	$ 4,018,868	$ (3,514,021)
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	5,077,355	(4,375,840)
Fixed maturity securities	40,075	(1,170)
Preferred Stock [Member]
Change in unrealized investment gains (losses)	9,820	(3,780)
Equity Securities [Member]
Equity securities, sale of securities		106
Equity securities, changes in fair value	$ 13,645	$ (23,720)

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Gross Investment income	$ 6,238,708	$ 5,258,854
Investment expenses	(665,252)	(574,612)
Net investment income	5,573,456	4,684,242
Fixed Maturities [Member]
Gross Investment income	1,529,476	1,630,474
Equity Securities [Member]
Gross Investment income	34,218	5,083
Other Long-term Investments [Member]
Gross Investment income	1,150,757	970,056
Mortgages [Member]
Gross Investment income	3,182,848	2,488,413
Policy Loans [Member]
Gross Investment income	32,273	29,083
Real Estate Investment [Member]
Gross Investment income	64,296	94,003
Short-term Investments [Member]
Gross Investment income	$ 244,840	$ 41,742

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 143,182,286	$ 130,049,610
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	132,867,267	120,108,297
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	10,315,019	9,941,313
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,146,212	1,156,157
Commercial Portfolio Segment [Member] | Apartment Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	2,304,803	1,816,870
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	111,985	112,494
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	3,047,332	2,348,639
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 3,704,687	$ 4,507,153

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Investment real estate, net	$ 2,454,877	$ 2,392,031
Land Held for the Production of Income [Member]
Investment real estate	213,160	213,160
Land Held for Sale [Member]
Investment real estate	745,155	745,155
Land [Member]
Investment real estate	958,315	958,315
Building Held for the Production of Income [Member]
Investment real estate	2,267,557	2,267,557
Less - accumulated depreciation	(1,377,043)	(1,340,671)
Investment real estate, net	890,514	926,886
Residential Real Estate - Held for Sale [Member]
Investment real estate	$ 606,048	$ 506,830

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements (Details Textual)	Mar. 31, 2019	Dec. 31, 2018
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 ($)	Mar. 31, 2019	Dec. 31, 2018
Available-for-sale securities	$ 139,589,363	$ 131,441,447
Fair Value, Recurring [Member]
Available-for-sale securities	100,400	90,580
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	100,400	90,580
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
US Treasury and Government [Member]
Available-for-sale securities	1,745,083	2,704,711
US Treasury and Government [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	1,745,083	2,704,711
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	1,745,083	2,704,711
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities	9,635,540	9,478,032
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	9,635,540	9,478,032
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	9,635,540	9,478,032
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Residential Mortgage Backed Securities [Member]
Available-for-sale securities	48,293	51,155
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	48,293	51,155
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	48,293	51,155
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Corporate Debt Securities [Member]
Available-for-sale securities	104,708,406	97,964,191
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	104,708,406	97,964,191
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	104,708,406	97,964,191
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Asset-backed Securities [Member]
Available-for-sale securities	261,610	261,418
Asset-backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	261,610	261,418
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	261,610	261,418
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Debt Security, Government, Non-US [Member]
Available-for-sale securities	22,873,758	20,692,692
Debt Security, Government, Non-US [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	22,873,758	20,692,692
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	22,873,758	20,692,692
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Debt Securities [Member]
Available-for-sale securities	139,272,690	131,152,199
Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	139,272,690	131,152,199
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	139,272,690	131,152,199
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Mutual Funds [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	80,251	74,899
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	80,251	74,899
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Common Stock [Member]
Available-for-sale securities	136,022	123,769
Common Stock [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	136,022	123,769
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	68,026	59,733
Common Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	67,996	64,036
Equity Securities [Member]
Available-for-sale securities	216,273	198,668
Equity Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	216,273	198,668
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	68,026	59,733
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	80,251	74,899
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	$ 67,996	$ 64,036

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 ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Beginning balance	$ 64,036	$ 61,500
Joint venture net income	27,784
Joint venture distribution	(23,824)
Ending balance	$ 67,996	$ 61,500

Note 3 - Fair Value Measureme_6

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Policy loans	$ 1,834,806	$ 1,809,339
Short-term investments	1,810,524	896,371
Accrued investment income	3,182,581	2,672,978
Policy claims	1,449,529	1,102,257
Reported Value Measurement [Member]
Policy loans	1,834,806	1,809,339
Short-term investments	1,810,524	896,371
Other long-term investments	63,185,895	59,255,477
Cash and cash equivalents	69,295,720	29,665,605
Accrued investment income	3,182,581	2,672,978
Total financial assets	282,491,812	224,349,380
Policyholders' account balances	333,310,416	297,168,411
Policy claims	1,449,529	1,102,257
Total financial liabilities	334,759,945	298,270,668
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	10,315,019	9,941,313
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	132,867,267	120,108,297
Estimate of Fair Value Measurement [Member]
Policy loans	1,834,806	1,809,339
Short-term investments	1,810,524	896,371
Other long-term investments	76,037,111	69,641,358
Cash and cash equivalents	69,295,720	29,665,605
Accrued investment income	3,182,581	2,672,978
Total financial assets	292,018,001	230,172,844
Policyholders' account balances	302,901,926	259,247,412
Policy claims	1,449,529	1,102,257
Total financial liabilities	304,351,455	260,349,669
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans
Short-term investments	1,810,524	896,371
Other long-term investments
Cash and cash equivalents	69,295,720	29,665,605
Accrued investment income
Total financial assets	71,106,244	30,561,976
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	1,834,806	1,809,339
Short-term investments
Other long-term investments	76,037,111	69,641,358
Cash and cash equivalents
Accrued investment income	3,182,581	2,672,978
Total financial assets	220,911,757	199,610,868
Policyholders' account balances	302,901,926	259,247,412
Policy claims	1,449,529	1,102,257
Total financial liabilities	305,351,455	260,349,669
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	10,043,300	9,698,226
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	10,043,300	9,698,226
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	129,813,959	115,788,967
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	$ 129,813,959	$ 115,788,967

Note 4 - Segment Data - Segment

Note 4 - Segment Data - Segment Data - Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Total revenue	$ 11,624,700	$ 9,167,420
Income before income taxes	1,802,092	1,211,447
Depreciation and amortization expense	889,625	962,896
Life Insurance Operations [Member]
Total revenue	6,471,048	5,176,172
Income before income taxes	197,559	171,519
Depreciation and amortization expense	830,461	692,390
Annuity Operations [Member]
Total revenue	4,970,032	3,878,137
Income before income taxes	1,502,612	957,389
Depreciation and amortization expense	59,164	270,506
Corporate Segment [Member]
Total revenue	183,620	113,111
Income before income taxes	$ 101,921	$ 82,539

Note 4 - Segment Data - Segme_2

Note 4 - Segment Data - Segment Data - Assets (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Total assets	$ 523,703,467	$ 433,506,850
Life Insurance Operations [Member]
Total assets	74,435,037	69,756,013
Annuity Operations [Member]
Total assets	443,558,892	357,797,728
Corporate Segment [Member]
Total assets	$ 5,709,538	$ 5,953,109

Note 5 - Federal Income Taxes (

Note 5 - Federal Income Taxes (Details Textual)	3 Months Ended
	Mar. 31, 2019
Domestic Tax Authority [Member]
Open Tax Year	2015 2016 2017 2018

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 - Other Comprehensive _3

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Balance	$ 39,125,251	$ 41,252,179
Total other comprehensive income (loss)	4,008,994	(3,454,226)
Balance	44,556,441	38,806,842
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Balance	(2,584,643)	4,843,061
Other comprehensive income before reclassifications, net of tax	4,050,528	(3,514,945)
Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax	31,660	(924)
Total other comprehensive income (loss)	4,018,868	(3,514,021)
Balance	1,434,225	1,329,040
Adjustment to Deferred Acquisition Costs [Member]
Balance	8,012	(82,110)
Other comprehensive income before reclassifications, net of tax	(9,874)	59,795
Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax
Total other comprehensive income (loss)	(9,874)	59,795
Balance	(1,862)	(22,315)
AOCI Attributable to Parent [Member]
Balance	(2,576,631)	4,760,951
Other comprehensive income before reclassifications, net of tax	4,040,654	(3,455,150)
Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax	31,660	(924)
Total other comprehensive income (loss)	4,008,994	(3,454,226)
Balance	$ 1,432,363	$ 1,306,725

Note 7 - Other Comprehensive _4

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Details) - USD ($)		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Unrealized holding gains arising during the period, pretax		$ 5,127,250	$ (4,449,298)
Unrealized holding gains arising during the period, income tax expense		1,076,722	(934,353)
Unrealized holding gains arising during the period, net of tax		4,050,528	(3,514,945)
Realized gains (losses) on sales of securities	[1]	40,075	(1,170)
Income tax expense (benefit)	[2]	8,415	(246)
Reclassification adjustment for net losses included in operations having no credit losses, net of tax		31,660	(924)
Net unrealized gains on investments, pretax		5,087,175	(4,448,128)
Net unrealized gains on investments, income tax expense		1,068,307	(934,107)
Net unrealized gains on investments, net of tax		4,018,868	(3,514,021)
Adjustment to deferred acquisition costs, pretax		(12,497)	75,690
Adjustment to deferred acquisition costs, income tax expense		(2,623)	15,895
Adjustment to deferred acquisition costs, net of tax		(9,874)	59,795
Total other comprehensive income, pretax		5,074,678	(4,372,438)
Total other comprehensive income, income tax expense		1,065,684	(918,212)
Total other comprehensive income, net of tax		$ 4,008,994	$ (3,454,226)
[1]	These items appear within net realized investment gains (losses) in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 7 - Other Comprehensive _5

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Reclassified From Accumulated Other Comprehensive Income (Details) - USD ($)		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Realized gains (losses) on sales of securities	[1]	$ 40,075	$ (1,170)
Income tax expense (benefit)	[2]	8,415	(246)
Total reclassification adjustments		$ 31,660	$ (924)
[1]	These items appear within net realized investment gains (losses) in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 8 - Allowance for Loan L_3

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate and Loans From Premium Financing (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 143,182,286	$ 130,049,610
Financing Receivable, Collectively Evaluated for Impairment	92,054,321	85,081,139
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance	457,383	424,166
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	825,244	823,645
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	51,127,965		$ 35,129,998
One Loan Originator [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	569,604	598,803
Advances To Loan Originator	5,713,102	4,942,870
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	255,640	224,842
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 51,127,965	$ 44,968,471

Note 8 - Allowance for Loan L_4

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate and Loans From Premium Financing - Allowance for Loss On Premium Financing (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Provision	$ 33,217	$ 41,203
Financing Receivable, Collectively Evaluated for Impairment	92,054,321		$ 85,081,139
Residential Portfolio Segment [Member]
Allowance, beginning	374,209	333,789
Provision	31,339	36,982
Allowance, ending	405,548	370,771
Collectively evaluated for impairment	405,548	370,771
Financing Receivable, Collectively Evaluated for Impairment	81,739,302	74,146,027
Commercial Portfolio Segment [Member]
Allowance, beginning	49,957	9,026
Provision	1,878	4,221
Allowance, ending	51,835	13,247
Collectively evaluated for impairment	51,835	13,247
Financing Receivable, Collectively Evaluated for Impairment	10,315,019	2,636,173
Premium Finance Loans [Member]
Allowance, beginning	424,166	342,815
Provision	33,217	41,203
Allowance, ending	457,383	384,018
Collectively evaluated for impairment	457,383	384,018
Financing Receivable, Collectively Evaluated for Impairment	$ 92,054,321	$ 76,782,200

Note 8 - Allowance for Loan L_5

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate and Loans From Premium Financing - Mortgage Loan to Value Ratios (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Mortgage loans on real estate	$ 143,182,286	$ 130,049,610
Loan to Value Range1 [Member]
Mortgage loans on real estate	31,378,155	23,485,657
Loan to Value Range 2 [Member]
Mortgage loans on real estate	49,510,869	45,847,901
Loan to Value Range 3 [Member]
Mortgage loans on real estate	28,312,227	25,643,012
Loan to Value Range 4 [Member]
Mortgage loans on real estate	17,140,115	17,725,494
Loan to Value Range 5 [Member]
Mortgage loans on real estate	9,200,987	9,325,713
Loan to Value Range 6 [Member]
Mortgage loans on real estate	3,983,668	4,678,495
Loan to Value Range 7 [Member]
Mortgage loans on real estate	2,661,594	2,484,814
Loan to Value Range 8 [Member]
Mortgage loans on real estate	994,671	858,524
Residential Portfolio Segment [Member]
Mortgage loans on real estate	132,867,267	120,108,297
Residential Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	31,099,467	23,205,637
Residential Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	47,817,237	43,631,465
Residential Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	26,639,540	24,890,831
Residential Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	14,988,637	16,055,231
Residential Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	6,068,811	5,984,097
Residential Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	2,835,783	3,249,410
Residential Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	2,423,121	2,233,102
Residential Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	994,671	858,524
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	10,315,019	9,941,313
Commercial Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	278,688	280,020
Commercial Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	1,693,632	2,216,436
Commercial Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	1,672,687	752,181
Commercial Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	2,151,478	1,670,263
Commercial Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	3,132,176	3,341,616
Commercial Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	1,147,885	1,429,085
Commercial Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	238,473	251,712
Commercial Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate

Note 9 - Coinsurance (Details T

Note 9 - Coinsurance (Details Textual)	Mar. 31, 2019	Jan. 01, 2018
Percent Ceded		90.00%
Additional Percentage of Assets in Trust above Required Annuity Reserve	4.00%