First Trinity Financial (FTFC) 10-K 12 Mar 20 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Mar. 09, 2020	Jun. 30, 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 Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		7,802,593
Entity Public Float			$ 0
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(g) Security	Common Stock, $.01 Par Value

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investments
Available-for-sale fixed maturity securities at fair value (amortized cost: $166,760,448 and $134,414,517 as of December 31, 2019 and 2018, respectively)	$ 178,951,324	$ 131,152,199
Available-for-sale preferred stock at fair value (cost: $49,945 and $99,945 as of December 31, 2019 and 2018, respectively)	51,900	90,580
Equity securities at fair value (cost: $180,194 and $187,122 as of December 31, 2019 and 2018, respectively)	201,024	198,668
Mortgage loans on real estate	162,404,640	130,049,610
Investment real estate	1,951,759	2,392,031
Policy loans	2,026,301	1,809,339
Short-term investments	1,831,087	896,371
Other long-term investments	71,824,480	59,255,477
Total investments	419,242,515	325,844,275
Cash and cash equivalents	23,212,170	29,665,605
Accrued investment income	5,207,823	2,672,978
Recoverable from reinsurers	1,244,733	2,323,157
Assets held in trust under coinsurance agreement	105,089,240	25,494,700
Agents' balances and due premiums	1,618,115	1,418,916
Deferred policy acquisition costs	38,005,639	29,681,737
Value of insurance business acquired	4,891,448	5,185,870
Other assets	6,424,691	11,219,612
Total assets	604,936,374	433,506,850
Policy liabilities
Policyholders' account balances	363,083,838	297,168,411
Future policy benefits	65,015,390	56,261,507
Policy claims	1,399,393	1,102,257
Other policy liabilities	132,975	72,559
Total policy liabilities	429,631,596	354,604,734
Funds withheld under coinsurance agreement	105,638,974	29,285,119
Deferred federal income taxes	6,345,918	2,373,478
Other liabilities	5,901,624	8,118,268
Total liabilities	547,518,112	394,381,599
Shareholders' equity
Common stock, par value $.01 per share (20,000,000 shares authorized, 8,050,173 issued as of December 31, 2019 and 2018 and 7,802,593 outstanding as of December 31, 2019 and 2018)	80,502	80,502
Additional paid-in capital	28,684,598	28,684,598
Treasury stock, at cost (247,580 shares as of December 31, 2019 and 2018)	(893,947)	(893,947)
Accumulated other comprehensive income (loss)	9,616,660	(2,576,631)
Accumulated earnings	19,930,449	13,830,729
Total shareholders' equity	57,418,262	39,125,251
Total liabilities and shareholders' equity	$ 604,936,374	$ 433,506,850

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parentheticals) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale fixed maturity securities at cost	$ 166,760,448	$ 134,414,517
Available-for-sale equity securities at cost	49,945	99,945
Equity securities, cost	$ 180,194	$ 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 - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenues
Premiums	$ 23,125,090	$ 18,822,517
Net investment income	24,370,040	19,609,386
Net realized investment gains	967,978	266,498
Service fees	1,087,181	465,528
Other income	226,406	77,166
Total revenues	49,776,695	39,241,095
Benefits and claims
Increase in future policy benefits	8,769,777	6,634,114
Death benefits	6,555,001	5,345,707
Surrenders	1,000,447	913,977
Interest credited to policyholders	11,782,286	9,282,425
Dividend, endowment and supplementary life contract benefits	287,946	279,660
Total benefits and claims	28,395,457	22,455,883
Policy acquisition costs deferred	(12,369,350)	(8,527,380)
Amortization of deferred policy acquisition costs	4,015,480	3,515,624
Amortization of value of insurance business acquired	294,422	340,775
Commissions	12,125,929	8,228,279
Other underwriting, insurance and acquisition expenses	9,095,141	6,623,647
Total expenses	13,161,622	10,180,945
Total benefits, claims and expenses	41,557,079	32,636,828
Income before total federal income tax expense	8,219,616	6,604,267
Current federal income tax expense	1,388,711	100,075
Deferred federal income tax expense	731,185	1,362,046
Total federal income tax expense	2,119,896	1,462,121
Net income	$ 6,099,720	$ 5,142,146
Net income per common share basic and diluted (in dollars per share)	$ 0.78	$ 0.66

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Net income		$ 6,099,720	$ 5,142,146
Other Comprehensive Income (loss)
Total net unrealized investment gains (losses) arising during the period		16,454,021	(9,087,572)
Cumulative effect, adoption of accounting guidance for equity securities			(68,508)
Less net realized investment gains	[1]	989,507	246,078
Net unrealized investment gains (losses)		15,464,514	(9,402,158)
Adjustment to deferred acquisition costs		29,968	(114,079)
Other comprehensive income (loss) before federal income tax expense (benefit)		15,434,546	(9,288,079)
Federal income tax expense (benefit)		3,241,255	(1,950,497)
Total other comprehensive income (loss)		12,193,291	(7,337,582)
Total comprehensive income (loss)		$ 18,293,011	$ (2,195,436)
[1]	These items appear within net realized investment gains in the consolidated statements of operations.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - 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					5,142,146	5,142,146
Cumulative effect, adoption of accounting guidance for equity securities					68,508	68,508
Other comprehensive income (loss)				(7,337,582)		(7,337,582)
Balance at Dec. 31, 2018	80,502	28,684,598	(893,947)	(2,576,631)	13,830,729	39,125,251
Net income					6,099,720	6,099,720
Other comprehensive income (loss)				12,193,291		12,193,291
Balance at Dec. 31, 2019	$ 80,502	$ 28,684,598	$ (893,947)	$ 9,616,660	$ 19,930,449	$ 57,418,262

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating activities
Net income	$ 6,099,720	$ 5,142,146
Adjustments to reconcile net income to net cash used in operating activities:
Provision for depreciation	145,488	145,488
Accretion of discount on investments	(4,636,264)	(3,927,602)
Net realized investment gains	(967,978)	(266,498)
Amortization of policy acquisition cost	4,015,480	3,515,624
Policy acquisition costs deferred	(12,369,350)	(8,527,380)
Amortization of loan origination fees	25,717	39,416
Amortization of value of insurance business acquired	294,422	340,775
Allowance for mortgage loan losses	81,212	81,351
Provision for deferred federal income tax expense	731,185	1,362,046
Interest credited to policyholders	11,782,286	9,282,425
Change in assets and liabilities:
Policy loans	(216,962)	(149,164)
Short-term investments	(934,716)	(348,402)
Accrued investment income	(2,534,845)	(128,015)
Recoverable from reinsurers	1,078,424	(982,457)
Assets held in trust under coinsurance agreement	(79,594,540)	(25,494,700)
Agents' balances and due premiums	(199,199)	66,389
Other assets (excludes change in receivable for securities sold of ($33,600) and ($331,012) in 2019 and 2018, respectively)	4,761,321	(630,054)
Future policy benefits	8,753,883	6,598,408
Policy claims	297,136	(46,256)
Other policy liabilities	60,416	4,069
Other liabilities (excludes change in payable of securities purchased of ($393,198) and ($68,838) in 2019 and 2018, respectively)	(1,823,446)	5,063,404
Net cash used in operating activities	(65,150,610)	(8,858,987)
Investing activities
Purchases of fixed maturity securities	(65,657,914)	(13,191,134)
Maturities of fixed maturity securities	4,525,000	5,076,000
Sales of fixed maturity securities	29,175,106	16,961,796
Purchases of equity securities	(115,357)	(76,127)
Sales of equity securities	19,371	361,947
Joint venture distribution	115,286	55,710
Sales of preferred stock	50,000
Purchases of mortgage loans	(74,689,461)	(63,066,644)
Payments on mortgage loans	42,502,954	35,461,456
Purchases of other long-term investments	(18,605,374)	(9,143,277)
Collections on other long-term investments	10,899,349	9,700,500
Sales of real estate	350,817	364,689
Net change in receivable and payable for securities sold and purchased	(359,598)	262,174
Net cash used in investing activities	(71,789,821)	(17,232,910)
Financing activities
Policyholders' account deposits	163,781,048	54,957,500
Policyholders' account withdrawals	(33,294,052)	(30,696,157)
Net cash provided by financing activities	130,486,996	24,261,343
Decrease in cash and cash equivalents	(6,453,435)	(1,830,554)
Cash and cash equivalents, beginning of period	29,665,605	31,496,159
Cash and cash equivalents, end of period	$ 23,212,170	$ 29,665,605

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Change in receivable for securities sold	$ (33,600)	$ (331,012)
Change in payable of securities purchased	$ (393,198)	$ (68,838)

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	First Trinity Financial Corporation and Subsidiaries Consolidated Statements of Cash Flows (continued) Supplemental Disclosure – Cash and Non-Cash Impact on Operating, Investing and Financing Activities During 2019 2018, $99,218 $467,593, In conjunction with these foreclosures, the non-cash impact on investing activities is summarized as follows: Year Ended Year Ended December 31, 2019 December 31, 2018 Reductions in mortgage loans due to foreclosure $ 99,218 $ 467,593 Investment real estate held-for-sale acquired through foreclosure (99,218 ) (467,593 ) Net cash used in investing activities $ - $ - See notes to consolidated financial statements.

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Organization and Significant Accounting Policies 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”), First Trinity Capital Corporation (“FTCC”) and Trinity American, Inc. (“TAI”). 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. The Company owns 100% March 24, 2016 2019. 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. During 2012, 2013, 2014 2015, 247,580 $893,947 Acquisition of Other Companies 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. On April 3, 2018, 100% 2019. $250,000. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). 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 financial statements to conform to current year 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 Investments Fixed maturity securities comprised of bonds and preferred stocks are classified as available-for-sale and are carried at fair value with unrealized gains and losses, net of applicable income taxes, reported in accumulated other comprehensive income. The amortized cost of fixed maturity securities available-for-sale is adjusted for amortization of premium and accretion of discount to maturity. Interest income on fixed maturity securities, as well as the related amortization of premium and accretion of discount, is included in net investment income under the effective yield method. Dividend income on preferred stocks are recognized in net investment income when declared. The amortized cost of fixed maturity securities available-for-sale and the cost of preferred stocks are written down to fair value when a decline in value is considered to be other-than-temporary. The Company evaluates the difference between the cost or amortized cost and estimated fair value of its fixed maturity and preferred stock investments to determine whether any decline in value is other-than-temporary in nature. This determination involves a degree of uncertainty. If a decline in the fair value of a security is determined to be temporary, the decline is recorded as an unrealized loss in stockholders' equity. If a decline in a security's fair value is considered to be other-than-temporary, the Company then determines the proper treatment for the other-than-temporary impairment. For fixed maturity securities available-for-sale, the amount of any other-than-temporary impairment related to a credit loss is recognized in earnings and reflected as a reduction in the cost basis of the security; and the amount of any other-than-temporary impairment related to other factors is recognized in other comprehensive income (loss) with no The assessment of whether a decline in fair value is considered temporary or other-than-temporary includes management's judgment as to the financial position and future prospects of the entity issuing the security. It is not may Likewise, if a change occurs in the Company’s intent to sell temporarily impaired securities prior to maturity or recovery in value, or if it becomes more likely than not If an other-than-temporary impairment related to a credit loss occurs with respect to a bond, the Company amortizes the reduced book value back to the security's expected recovery value over the remaining term of the bond. The Company continues to review the security for further impairment that would prompt another write-down in the value. Equity securities are comprised of mutual funds and common stocks and are carried at fair value. The associated unrealized gains and losses are included in net realized investment gains (losses). Dividends from these investments are recognized in net investment income when declared. Mortgage loans are carried at unpaid balances, net of unamortized premium or discounts. Interest income and the amortization of premiums or discounts are included in net investment income. Mortgage loan fees, certain direct loan origination costs, and purchase premiums and discounts on loans are recognized as an adjustment of yield by the interest method based on the contractual terms of the loan. In certain circumstances, prepayments may not Investment real estate in buildings held for the production of income is carried at cost less accumulated depreciation. Depreciation on investment real estate in buildings held for the production of income is calculated over an estimated useful life of 19 Policy loans are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. Other long term investments are comprised of lottery prize receivables and are carried at amortized cost. Interest income and the accretion of discount are included in net investment income. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and money market instruments. Short-term investments Short-term investments include funds that have a maturity of more than 90 one Investment Income and Realized Gains and Losses on Sales of Investments Interest and dividends earned on investments are included in net investment income. Realized gains and losses on sales of investments are recognized in operations on the specific identification basis. Deferred Policy Acquisition Costs Commissions and other acquisition costs which vary with and are primarily related to the successful production of new business are deferred and amortized in a systematic manner based on the related contract revenues or gross profits as appropriate. Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. Deferred acquisition costs for the successful production of traditional life insurance contracts are deferred to the extent deemed recoverable and amortized over the premium paying period of the related policies using assumptions consistent with those used in computing future policy benefit liabilities. Deferred acquisition costs related to the successful production of insurance and annuity products that subject the Company to mortality or morbidity risk over a period that extends beyond the period or periods in which premiums are collected and that have terms that are fixed and guaranteed (i.e., limited-payment long-duration annuity contracts) are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies. To the extent that realized gains and losses on fixed income securities result in adjustments to deferred acquisition costs related to insurance and annuity products, such adjustments are reflected as a component of the amortization of deferred acquisition costs. Deferred acquisition costs related to limited-payment long-duration insurance and annuity contracts are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from available-for-sale securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of “Accumulated Other Comprehensive Income (Loss)” in the shareholders’ equity section of the statement of financial position. Allowance for Loan Losses from Mortgage Loans 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 residential and commercial mortgage loan portfolio. The allowance, in the judgment of the Company, is necessary to reserve for estimated loan losses inherent in the residential and commercial mortgage loan portfolios 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 residential and commercial mortgage loan portfolios, 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 Property and Equipment Property and equipment are carried at cost less accumulated depreciation or amortization. Office furniture, equipment and computer software is recorded at cost or fair value at acquisition less accumulated depreciation or amortization using the straight-line method over the estimated useful life of the respective assets of three ten Reinsurance The Company cedes reinsurance under various agreements allowing management to control exposure to potential losses arising from large risks and providing additional capacity for growth. Estimated reinsurance recoverable balances are reported as assets and are recognized in a manner consistent with the liabilities related to the underlying reinsured ceded contracts. The Company also assumes reinsurance under various agreements allowing management to increase growth in assets and profitability. Estimated reinsurance payable balances are reported as liabilities and are recognized in a manner consistent with the assets related to the underlying assumed reinsurance contracts. Value of Insurance Business Acquired As a result of the Company’s purchases of FLAC and FBLIC, an asset was recorded in the application of purchase accounting to recognize the value of acquired insurance in force. The Company’s value of acquired insurance in force is an intangible asset with a definite life and is amortized under Financial Accounting Standards Board (“FASB”) guidance. The value of acquired insurance in force is amortized primarily over the emerging profit of the related policies using the same assumptions that were used in computing liabilities for future policy benefits. For the amortization of the value of acquired insurance in force, the Company periodically reviews its estimates of gross profits. The most significant assumptions involved in the estimation of gross profits include interest rate spreads, future financial market performance, business surrender/lapse rates, mortality and morbidity, expenses and the impact of realized investment gains and losses. In the event actual experience differs significantly from assumptions or assumptions are significantly revised, the Company is required to record a charge or credit to amortization expense for the period in which an adjustment is made. As of December 31, 2019 2018, $3,848,430 $3,554,008, five $275,501 2020, $257,083 2021, $237,034 2022, $226,150 2023 $216,735 2024. Other Assets and Other Liabilities Other assets consist primarily of advances to mortgage loan originator, receivable for securities sold, federal and state income taxes recoverable, accrual of mortgage loan and long-term investment payments due, guaranty funds, notes receivable, prepaid assets, deposits, other receivables and property and equipment. Other liabilities consist primarily of accrued expenses payable, accounts payable, remittance and suspense items not Policyholders’ Account Balances The Company’s liability for policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the financial statement date. This liability is generally equal to the accumulated account deposits plus interest credited less policyholders’ withdrawals and other charges assessed against the account balance. Interest crediting rates for individual annuities range from 2.25% 4.50%. 2.50% 4.00%. Future Policy Benefits The Company’s liability for future policy benefits is primarily comprised of the present value of estimated future payments to or on behalf of policyholders, where the timing and amount of payment depends on policyholder mortality or morbidity, less the present value of future net premiums. For life insurance and annuity products, expected mortality and morbidity is generally based on the Company’s historical experience or standard industry tables including a provision for the risk of adverse deviation. Interest rate assumptions are based on factors such as market conditions and expected investment returns. Although mortality, morbidity and interest rate assumptions are “locked-in” upon the issuance of new insurance with fixed and guaranteed terms, significant changes in experience or assumptions may Policy Claims Policy claim liabilities represent the estimated liabilities for claims reported plus estimated incurred but not Federal Income Taxes The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes are provided for cumulative temporary differences between balances of assets and liabilities determined under U.S. GAAP and balances determined using tax bases. A valuation allowance is established for the amount of the deferred tax asset that exceeds the amount of the estimated future taxable income needed to utilize the future tax benefits. 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 Accumulated Other Comprehensive Income (Loss) FASB guidance requires the inclusion of unrealized gains or losses on available-for-sale securities, net of tax, as a component of other comprehensive income (loss). Unrealized gains and losses recognized in accumulated other comprehensive income (loss) that are later recognized in net income through a reclassification adjustment are identified on the specific identification method. In addition, deferred acquisition costs related to limited-payment long-duration insurance and annuity contracts are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from available-for-sale securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of “Accumulated Other Comprehensive Income (Loss)” in the shareholders’ equity section of the statement of financial position. Revenues and Expenses Revenues on traditional life insurance products consist of direct premiums reported as earned when due. Liabilities for future policy benefits are provided and acquisition costs are amortized in a systematic manner based on the related contract revenues or gross profits as appropriate. Acquisition costs for traditional life insurance contracts are deferred to the extent deemed recoverable and are amortized over the premium paying period of the related policies using assumptions consistent with those used in computing future policy benefit liabilities. Traditional life insurance products are treated as long-duration contracts since they generally remain in force for the lifetime of the insured. Deferred acquisition costs related to insurance and annuity products that subject the Company to mortality or morbidity risk over a period that extends beyond the period or periods in which premiums are collected and that have terms that are fixed and guaranteed are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies. These types of insurance and annuity contracts are treated as long-duration insurance contracts since they generally remain in force for an extended period. Net Income per Common Share Net income per common share basic and diluted is calculated using the weighted average number of common shares outstanding and subscribed during the year. The weighted average outstanding and subscribed common shares basic and diluted were 7,802,593 December 31, 2019 2018. Subsequent Events Effective January 1, 2020, 100% 168,866 $1,837,469. $1,837,469 Since regulatory approval has recently been granted by the OID and Missouri Department of Insurance (“MDOI”) and approved at the Company’s October 2, 2019 March 2020), 50,000,000 40,000,000 10,000,000 one 1 one 1 Upon full implementation after formal adoption by the Company’s Board of Directors in March 2020, one one 85% may one .85 100% Upon full implementation after formal adoption by the Company’s Board of Directors in March 2020, $0.05 10% not Management has evaluated all other events subsequent to December 31, 2019 Recent Accounting Pronouncements Leases In February 2016, 2016 02 12 two no not In July 2018, February 2016 ( 2018 11 may Consequently, if this transition method is elected, an entity’s reporting for the comparative periods prior to adoption presented in the financial statements would continue to be in accordance with current lease guidance. The amendments also provide lessors with a practical expedient to combine non-lease components (e.g., a fee for common area maintenance when leasing office space) with the associated lease component rather than accounting for those components separately if certain criteria are met. The updated guidance requires entities to recognize a right-of-use asset and lease liability equal to the present value of lease payments for all leases other than those that are less than 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 was effective for reporting periods beginning after December 15, 2019. December 15, 2022. December 15, 2018. not Intangibles - Goodwill and Other In January 2017, 2017 04 2 1 The implied fair value of goodwill is currently determined in Step 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 was effective for reporting periods beginning after December 15, 2020. December 15, 2023. may With respect to the market risk benefits, an insurance entity should apply the amendments retrospectively as of the beginning of the earliest period presented. The Company expects that the impact on the Company’s results of operations, financial position and liquidity at the date of adoption of the updated guidance in 2024 Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, 2018 13 December 15, 2019. 2020 not Income Taxes - Simplifying the Accounting for Income Taxes December 2019, 2019 12 March 31, 2021. not

Note 2 - Investments

Note 2 - Investments	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. Investments Fixed Maturity , Preferred Stock and Equity Securities Investments in fixed maturity, preferred stock and equity securities as of December 31, 2019 2018 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value December 31, 2019 Fixed maturity securities U.S. government and U.S. government agencies $ 1,679,731 $ 431 $ 11,129 $ 1,669,033 States and political subdivisions 9,536,120 617,063 2,252 10,150,931 Residential mortgage-backed securities 20,289 22,167 - 42,456 Corporate bonds 121,143,923 9,528,168 144,337 130,527,754 Asset-backed 2,116,056 68,395 - 2,184,451 Exchange traded securities 500,000 48,400 - 548,400 Foreign bonds 31,764,329 2,427,523 363,553 33,828,299 Total fixed maturity securities 166,760,448 12,712,147 521,271 178,951,324 Preferred stock 49,945 1,955 - 51,900 Equity securities Mutual funds 91,981 - 2,629 89,352 Corporate common stock 88,213 23,459 - 111,672 Total equity securities 180,194 23,459 2,629 201,024 Total fixed maturity, preferred stock and equity securities $ 166,990,587 $ 12,737,561 $ 523,900 $ 179,204,248 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 December 31, 2019 2018 Unrealized Number of Fair Value Loss Securities December 31, 2019 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 1,097,626 $ 6,841 3 States and political subdivisions 103,007 2,252 1 Corporate bonds 3,049,765 59,915 7 Foreign bonds 345,243 7,857 1 Total less than 12 months in an unrealized loss position 4,595,641 76,865 12 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 445,943 4,288 2 Corporate bonds 1,245,410 84,422 6 Foreign bonds 1,070,459 355,696 4 Total more than 12 months in an unrealized loss position 2,761,812 444,406 12 Total fixed maturity securities in an unrealized loss position 7,357,453 521,271 24 Equity securities (mutual funds), greater than 12 months in an unrealized loss position 89,352 2,629 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 7,446,805 $ 523,900 $ 25 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 December 31, 2019, 24 $521,271, $7,357,453 $7,878,724. December 31, 2019. 24 93%. As of December 31, 2018, 317 $4,414,884, $85,713,809 $90,128,693. December 31, 2018. 317 95%. As of December 31, 2018, two $9,365, $90,580 $99,945. two 91%. As of December 31, 2019, one $2,629, $89,352 $91,981. 97%. As of December 31, 2018, one $17,082, $74,899 $91,981. 81%. Fixed maturity securities were 97% 96% December 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 December 31, 2019 2018. Management believes that the Company will fully recover its cost basis in the securities held as of December 31, 2019, not not Net unrealized gains (losses) 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 (depreciation) had been realized as of December 31, 2019 2018 December 31, 2019 December 31, 2018 Unrealized appreciation (depreciation) on available-for-sale securities $ 12,192,831 $ (3,271,683 ) Adjustment to deferred acquisition costs (19,844 ) 10,124 Deferred income taxes (2,556,327 ) 684,928 Net unrealized appreciation (depreciation) on available-for-sale securities $ 9,616,660 $ (2,576,631 ) The amortized cost and fair value of fixed maturity available-for-sale securities as of December 31, 2019, December 31, 2019 Amortized Cost Fair Value Due in one year or less $ 2,321,142 $ 2,341,352 Due in one year through five years 26,961,169 27,696,544 Due after five years through ten years 57,121,030 60,901,680 Due after ten years 80,336,818 87,969,292 Due at multiple maturity dates 20,289 42,456 $ 166,760,448 $ 178,951,324 Expected maturities will differ from contractual maturities because borrowers may Proceeds and gross realized gains (losses) from the sales, calls and maturities of fixed maturity securities available-for-sale, equity securities, investment real estate and preferred stock available-for-sale for the years ended December 31, 2019 2018 Years Ended December 31, Fixed Maturity Securities Equity Securities Investment Real Estate 2019 2018 2019 2018 2019 2018 Proceeds $ 33,700,106 $ 22,037,796 $ 19,371 $ 361,947 $ 350,817 $ 364,689 Gross realized gains 1,289,675 391,895 12,372 25,791 5,158 52,971 Gross realized losses (300,168 ) (145,817 ) - (58 ) (48,343 ) (1,322 ) Loss on other-than- temporary impairment - - - - - - Years Ended December 31, Preferred Stock 2019 2018 Proceeds $ 50,000 $ - Gross realized gains - - Gross realized losses - - Loss on other-than- temporary impairment - - The accumulated change in net unrealized investment gains (losses) for fixed maturity and preferred stock available-for-sale for the years ended December 31, 2019 2018 December 31, 2019 2018 Years Ended December 31, 2019 2018 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ 15,453,194 $ (9,323,510 ) Preferred stock 11,320 (10,140 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 989,507 246,078 Equity securities, sale of securities 12,372 25,733 Equity securities, changes in fair value 9,284 (56,962 ) Investment real estate (43,185 ) 51,649 Mortgage Loans on Real Estate The Company’s mortgage loans by property type as of December 31, 2019 2018 December 31, 2019 December 31, 2018 Residential mortgage loans $ 150,002,865 $ 120,108,297 Commercial mortgage loans by property type Apartment 1,604,934 1,816,870 Industrial 1,619,250 1,156,157 Lodging 729,603 112,494 Office building 3,676,396 2,348,639 Retail 4,771,592 4,507,153 Total commercial mortgage loans by property type 12,401,775 9,941,313 Total mortgage loans $ 162,404,640 $ 130,049,610 The Company utilizes the ratio of the carrying value of individual mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). The Company’s residential and commercial (includes apartment, industrial, lodging, office building and retail) mortgage loans on real estate by credit quality using this ratio as of December 31, 2019 2018 December 31, Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans Loan-To-Value Ratio 2019 2018 2019 2018 2019 2018 Over 70% to 80% $ 42,607,615 $ 23,205,637 $ 274,954 $ 280,020 $ 42,882,569 $ 23,485,657 Over 60% to 70% 50,158,843 43,631,465 2,320,734 2,216,436 52,479,577 45,847,901 Over 50% to 60% 28,939,576 24,890,831 1,318,536 752,181 30,258,112 25,643,012 Over 40% to 50% 13,160,306 16,055,231 2,142,354 1,670,263 15,302,660 17,725,494 Over 30% to 40% 8,023,690 5,984,097 1,800,952 3,341,616 9,824,642 9,325,713 Over 20% to 30% 3,806,361 3,249,410 1,235,799 1,429,085 5,042,160 4,678,495 Over 10% to 20% 2,677,037 2,233,102 3,308,446 251,712 5,985,483 2,484,814 10% or less 629,437 858,524 - - 629,437 858,524 Total $ 150,002,865 $ 120,108,297 $ 12,401,775 $ 9,941,313 $ 162,404,640 $ 130,049,610 The outstanding principal balance of mortgage loans, by the most significant states, as of December 31, 2019 2018 December 31, 2019 December 31, 2018 Amount Percentage Amount Percentage Alabama $ 1,150,160 0.71 % $ 783,866 0.60 % Arizona 1,709,789 1.05 % 2,103,627 1.62 % Arkansas 697,748 0.43 % 71,854 0.06 % California 7,010,828 4.32 % 9,489,106 7.30 % Colorado 57,431 0.04 % 200,174 0.15 % Connecticut 901,101 0.55 % 1,511,981 1.16 % Delaware 458,587 0.28 % 458,587 0.35 % District of Columbia 720,000 0.44 % - 0.00 % Florida 29,921,779 18.42 % 24,622,340 18.93 % Georgia 10,459,089 6.44 % 8,353,781 6.42 % Hawaii 229,865 0.14 % 233,170 0.18 % Idaho 638,967 0.39 % 635,114 0.49 % Illinois 6,659,219 4.10 % 8,317,183 6.40 % Indiana 1,181,493 0.73 % 996,756 0.77 % Kansas 548,138 0.34 % 389,239 0.30 % Kentucky 94,619 0.06 % 97,872 0.08 % Louisiana 241,748 0.15 % 248,360 0.19 % Maine 128,112 0.08 % 129,456 0.10 % Maryland 757,860 0.47 % 767,325 0.59 % Massachusetts 2,174,988 1.34 % 778,303 0.60 % Michigan 192,050 0.12 % 195,838 0.15 % Minnesota 32,286 0.02 % 135,241 0.10 % Mississippi 81,653 0.05 % 136,306 0.10 % Missouri 3,130,470 1.93 % 3,909,254 3.01 % Nevada 165,092 0.10 % 487,365 0.37 % New Hampshire 132,040 0.08 % 285,077 0.22 % New Jersey 7,470,226 4.60 % 1,463,390 1.13 % New Mexico 81,497 0.05 % 341,769 0.26 % New York 3,864,479 2.38 % 3,485,062 2.68 % North Carolina 3,926,787 2.42 % 1,877,753 1.44 % Ohio 2,438,541 1.50 % 3,318,414 2.55 % Oklahoma 612,075 0.38 % 450,297 0.35 % Oregon 1,647,107 1.01 % 2,929,557 2.25 % Pennsylvania 67,195 0.04 % 81,435 0.06 % South Carolina 183,078 0.11 % 420,629 0.32 % Tennessee 4,024,710 2.48 % 2,130,400 1.64 % Texas 65,639,490 40.42 % 45,200,527 34.76 % Utah 2,000,000 1.23 % 2,000,000 1.54 % Vermont 241,470 0.15 % 102,968 0.08 % Virginia 486,846 0.30 % 494,462 0.38 % Washington 345,986 0.21 % 361,716 0.28 % Wisconsin 328,573 0.20 % 375,657 0.29 % Mortgage loan allowance and unamortized origination fees (428,532 ) -0.26 % (321,601 ) -0.25 % $ 162,404,640 100 % $ 130,049,610 100 % There were 23 $4,427,317 90 December 31, 2019. 11 $2,233,575 90 December 31, 2018. There were $1,691,980 December 31, 2019 not no December 31, 2018. During 2019 $99,218 2018 $467,593 The principal balances of the 1,211 December 31, 2019 $150,002,865 $262 $1,000,000 3.43% 26.18%. 30 December 31, 2019 $12,401,775 $53,066 $2,000,000 5.75% 20.60%. The principal balances of the 1,051 December 31, 2018 $120,108,297 $796 $994,500 3.43% 58.04%. 29 December 31, 2018 $9,941,313 $113,059 $1,000,000 5.75% 12.90%. There are allowances for losses on mortgage loans of $505,378 $424,166 December 31, 2019 2018, December 31, 2019, $798,753 third one December 31, 2018, $823,645 third one In 2019 2018 not Investment real estate During 2019 $99,218 2019, $394,002. $43,185 $350,817. During 2018 $467,593 2018, $313,040. $51,649 $364,689. TLIC owns approximately six one 20,000 one fourth one four three one The Company’s investment real estate as of December 31, 2019 2018 December 31, 2019 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 (1,486,159 ) (1,340,671 ) Buildings net of accumulated depreciation 781,398 926,886 Residential real estate - held for sale 212,046 506,830 Total residential real estate 212,046 506,830 Investment real estate, net of accumulated depreciation $ 1,951,759 $ 2,392,031 Other Long-Term Investments The Company’s investment in lottery prize cash flows was $71,824,480 $59,255,477 December 31, 2019 2018, The amortized cost and estimated fair value of lottery prize cash flows, by contractual maturity, as of December 31, 2019 December 31, 2019 Amortized Cost Fair Value Due in one year or less $ 10,803,287 $ 11,016,206 Due in one year through five years 33,620,272 37,653,046 Due after five years through ten years 19,714,267 25,799,501 Due after ten years 7,686,654 13,766,266 $ 71,824,480 $ 88,235,019 The outstanding balance of lottery prize cash flows, by state lottery, as of December 31, 2019 2018 December 31, 2019 December 31, 2018 Amount Percentage Amount Percentage Arizona $ 450,573 0.63 % $ 360,333 0.61 % California 7,772,309 10.82 % 4,656,712 7.86 % Colorado 41,000 0.06 % 75,706 0.13 % Connecticut 2,670,153 3.72 % 2,406,581 4.06 % Florida 92,145 0.13 % 128,960 0.22 % Georgia 4,003,717 5.57 % 3,263,364 5.51 % Illinois 458,280 0.64 % 486,477 0.82 % Indiana 5,398,417 7.52 % 1,259,879 2.13 % Maine 146,290 0.20 % 176,637 0.30 % Massachusetts 15,481,300 21.55 % 12,953,938 21.86 % Michigan 264,403 0.37 % 279,911 0.47 % Missouri 100,406 0.14 % 108,404 0.18 % New Jersey 175,493 0.24 % - 0.00 % New York 24,807,063 34.54 % 23,762,905 40.09 % Ohio 4,775,235 6.65 % 4,748,535 8.01 % Oregon 144,013 0.20 % 172,902 0.29 % Pennsylvania 1,753,190 2.44 % 1,534,181 2.59 % Texas 2,673,036 3.72 % 2,314,597 3.91 % Virginia 70,671 0.10 % - 0.00 % Vermont 259,677 0.36 % 271,609 0.46 % Washington 287,109 0.40 % 293,846 0.50 % $ 71,824,480 100.00 % $ 59,255,477 100.00 % Major categories of net investment income for the years ended December 31, 2019 2018 Years Ended December 31, 2019 2018 Fixed maturity securities $ 7,419,650 $ 6,278,105 Preferred stock and equity securities 131,823 83,263 Other long-term investments 4,860,323 3,992,882 Mortgage loans 13,544,895 11,079,802 Policy loans 137,492 122,587 Real estate 269,123 376,599 Short-term and other investments 637,999 233,366 Gross investment income 27,001,305 22,166,604 Investment expenses (2,631,265 ) (2,557,218 ) Net investment income $ 24,370,040 $ 19,609,386

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	12 Months Ended
	Dec. 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 December 31, 2019 2018 Level 1 Level 2 Level 3 Total December 31, 2019 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 1,669,033 $ - $ 1,669,033 States and political subdivisions - 10,150,931 - 10,150,931 Residential mortgage-backed securities - 42,456 - 42,456 Corporate bonds - 130,527,754 - 130,527,754 Asset-backed - 2,184,451 - 2,184,451 Exchange traded securities - 548,400 - 548,400 Foreign bonds - 33,828,299 - 33,828,299 Total fixed maturity securities $ - $ 178,951,324 $ - $ 178,951,324 Preferred stock, available-for-sale $ 51,900 $ - $ - $ 51,900 Equity securities Mutual funds $ - $ 89,352 $ - $ 89,352 Corporate common stock 47,565 - 64,107 111,672 Total equity securities $ 47,565 $ 89,352 $ 64,107 $ 201,024 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 December 31, 2019 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 December 31, 2019 2018 December 31, 2019 2018 Beginning balance $ 64,036 $ 61,500 Joint venture investment - 10,200 Joint venture net income 115,357 63,046 Joint venture distribution (115,286 ) (55,710 ) Equity security sale - (15,000 ) Ending balance $ 64,107 $ 64,036 Fair Value of Financial Instruments The carrying amount and fair value of the Company’s financial assets and financial liabilities disclosed, but not December 31, 2019 2018, Carrying Fair Amount Value Level 1 Level 2 Level 3 December 31, 2019 Financial assets Mortgage loans on real estate Commercial $ 12,401,775 $ 12,280,704 $ - $ - $ 12,280,704 Residential 150,002,865 152,443,349 - - 152,443,349 Policy loans 2,026,301 2,026,301 - - 2,026,301 Short-term investments 1,831,087 1,831,087 1,831,087 - - Other long-term investments 71,824,480 88,235,019 - - 88,235,019 Cash and cash equivalents 23,212,170 23,212,170 23,212,170 - - Accrued investment income 5,207,823 5,207,823 - - 5,207,823 Total financial assets $ 266,506,501 $ 285,236,453 $ 25,043,257 $ - $ 260,193,196 Financial liabilities Policyholders' account balances $ 363,083,838 $ 355,557,123 $ - $ - $ 355,557,123 Policy claims 1,399,393 1,399,393 - - 1,399,393 Total financial liabilities $ 364,483,231 $ 356,956,516 $ - $ - $ 356,956,516 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 - Special Deposits

Note 4 - Special Deposits	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Restricted Assets Disclosure [Text Block]	4. Special Deposits TLIC and FBLIC are required to hold assets on deposit for the benefit of policyholders and other special deposits in accordance with statutory rules and regulations. As of December 31, 2019 2018, $4,434,662 $4,376,463, December 31, 2019 2018, $4,468,783 $4,292,657,

Note 5 - Allowance for Loan Los

Note 5 - Allowance for Loan Losses From Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Premiums Receivable Note [Text Block]	5. Allowance for Loan Losses from Mortgage Loans on Real Es tate As of December 31, 2019, $798,753 third December 31, 2019, $489,965 $4,436,787 December 31, 2019 $308,788 $61,757,602 $505,378 $100,647,038 December 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 residential and commercial (includes apartment, industrial, lodging, office building and retail) mortgage loans on real estate as of and for the years ended December 31, 2019 2018 $61,757,602 $44,968,471 December 31, 2019 2018, one third Years Ended December 31, 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 68,848 40,420 12,364 40,931 81,212 81,351 Allowance, ending $ 443,057 $ 374,209 $ 62,321 $ 49,957 $ 505,378 $ 424,166 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 443,057 $ 374,209 $ 62,321 $ 49,957 $ 505,378 $ 424,166 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 88,245,263 $ 75,139,826 $ 12,401,775 $ 9,941,313 $ 100,647,038 $ 85,081,139

Note 6 - Deferred Policy Acquis

Note 6 - Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Deferred Policy Acquisition Costs [Text Block]	6. Deferred Policy Acquisition Costs The balances of and changes in deferred acquisition costs as of and for the years ended December 31, 2019 2018 2019 2018 Balance, beginning of year $ 29,681,737 $ 24,555,902 Capitalization of commissions, sales and issue expenses 12,369,350 8,527,380 Amortization (4,015,480 ) (3,515,624 ) Deferred acquisition costs allocated to investments (29,968 ) 114,079 Balance, end of year $ 38,005,639 $ 29,681,737

Note 7 - Federal Income Taxes

Note 7 - Federal Income Taxes	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. Federal Income Taxes FTFC filed 2018 2017 five Certain items included in income reported for financial statement purposes are not A reconciliation of federal income tax expense computed by applying the federal income tax rate of 21% December 31, 2019 2018, Years Ended December 31, 2019 2018 Expected tax expense $ 1,726,119 $ 1,386,896 Future policy benefits 208,197 27,253 Net operating losses 207,580 (66,779 ) Alternative minimum taxes 164,432 15,401 Capital gain taxes 14,536 (55,464 ) Difference in book versus tax basis of available-for-sale securities 9,721 60,083 Adjustment of prior years' taxes (54,793 ) (128,764 ) Reinsurance recoverable (205,559 ) 197,009 Other 49,663 26,486 Total income tax expense $ 2,119,896 $ 1,462,121 Deferred taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax liabilities and assets as of December 31, 2019 2018 December 31, 2019 2018 Deferred tax liabilities: Net unrealized investment gains $ 2,556,327 $ - Deferred policy acquisition costs 6,463,579 5,161,165 Value of insurance business acquired 1,027,204 1,089,032 Reinsurance recoverable 241,362 446,921 Available-for-sale fixed maturity securities 78,207 80,409 Investment real estate 40,627 39,663 Due premiums 30,800 22,975 Other 13,544 435 Total deferred tax liabilities 10,451,650 6,840,600 Deferred tax assets: Net unrealized investment losses - 684,928 Policyholders' account balances and future policy benefits 3,181,433 2,342,777 Net operating loss carryforward 774,003 1,106,769 Alternative minimum tax carryforward - 190,153 Mortgage loans 89,992 67,536 Available-for-sale equity securities 21,056 36,565 Policy claims 16,366 13,258 Unearned investment income 13,105 14,811 Dividend liability 9,777 10,325 Total deferred tax assets 4,105,732 4,467,122 Net deferred tax liabilities $ 6,345,918 $ 2,373,478 FTFC has net operating loss carryforwards of $3,685,729 2027 2033. 2019, $596,123 January 1, 2019 2019 2018, $753,915 January 1, 2018 2018 The Company has no not not 2016 2019

Note 8 - Reinsurance

Note 8 - Reinsurance	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Reinsurance [Text Block]	8 . Reinsurance TLIC participates in ceded and assumed reinsurance in order to provide risk diversification, additional capacity for future growth and limit the maximum net loss potential arising from large risks. TLIC reinsures all amounts of risk on any one $100,000 TLIC is a party to an Automatic Retrocession Pool Agreement (the “Reinsurance Pool”) with Optimum Re, Catholic Order of Foresters, American Home Life Insurance Company and Woodmen of the World. The agreement provides for automatic retrocession of coverage in excess of Optimum Re’s retention on business ceded to Optimum Re by the other parties to the Reinsurance Pool. TLIC’s maximum exposure on any one $100,000. January 1, 2008, Effective September 29, 2005, 50/50 January 1, 2005. 50% June 24, 2006, FBLIC also participates in reinsurance in order to provide risk diversification, additional capacity for future growth and limit the maximum net loss potential arising from large risks. FBLIC reinsures initial amounts of risk on any one $100,000 To the extent that the reinsurance companies are unable to meet their obligations under the reinsurance agreements, TLIC and FBLIC remain primarily liable for the entire amount at risk. Statutory reinsurance assumed and ceded amounts for TLIC and FBLIC for 2019 2018 2019 2018 Premiums assumed $ 1,777,449 $ 457,512 Commissions and expense allowances assumed 1,413,057 194,908 Benefits assumed 8,001 33,694 Reserve credits assumed 1,279,582 343,140 In force amount assumed 41,056,032 17,863,123 Premiums ceded 71,936,037 30,445,152 Commissions and expense allowances ceded 2,670,202 1,051,766 Benefits ceded 1,208,109 356,806 Reserve credits ceded 103,142,179 30,686,404 In force amount ceded 43,641,121 77,653,688 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. In addition, the assuming company maintains a trust related to this ceded business amounting to at least an additional 4% may 30 In 2019, October 1, 2018, 100% September 30, 2018

Note 9 - Leases

Note 9 - Leases	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Operating Leases [Text Block]	9 . Leases The Company leases 6,769 five October 1, 2010 October 1, 2015 five $7,897 October 1, 2010 September 30, 2015. $8,461 October 1, 2015 September 30, 2016, $8,630 October 1, 2016 September 30, 2017, $8,805 October 1, 2017 September 30, 2018, $8,920 October 1, 2018 September 30, 2019 $9,161 October 1, 2019 September 30, 2020. $97,489 $97,063 December 31, 2019 2018, On January 1, 2011, $120,000 September 30, 2015. October 1, 2015, $54,152 $ 10,830 December 31, 2019 2018. $82,446 2020. TLIC owns approximately six one 20,000 one fourth two January 1, 2015, 7,500 January 1, 2017, two $8,696 2015, 2016, 2017 2018. December 31, 2018, five June 1, 2011, 10,000 June 1, 2014, 180 $17,750. This 10,000 five June 1, 2016 May 31, 2021, five June 1, 2021 May 31, 2026. June 1, 2021, 120 $16,598 June 1, 2016 June 30, 2016. July 1, 2016, $88,833 59 5.00%. $18,299 July 1, 2016 May 31, 2017, $18,376 June 1, 2017 May 31, 2018, $18,508 June 1, 2018 May 31, 2019 $18,584 June 1, 2019 May 31, 2021. A five September 1, 2010 2,500 90 September 1, 2015 August 31, 2017 three August 31, 2020. September 1, 2017, 120 $4,236 September 1, 2015 August 31, 2016, $4,242 September 1, 2016 August 31, 2017, $4,263 September 1, 2017 August 31, 2018, $4,293 September 1, 2018 August 31, 2019 $4,310 September 1, 2019 December 31, 2019. The future minimum lease payments to be received under the non-cancellable lease agreements are $223,008 $92,920 2020 2021,

Note 10 - Shareholders' Equity

Note 10 - Shareholders' Equity and Statutory Accounting Practices	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	1 0 . Shareholders’ Equity and Statutory Accounting Practices TLIC is domiciled in Oklahoma and prepares its statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the OID. FBLIC is domiciled in Missouri and prepares its statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the MDOI. Prescribed statutory accounting practices include publications of the National Association of Insurance Commissioners, state laws, regulations, and general administrative rules. Permitted statutory accounting practices encompass all accounting practices not The statutory net income for TLIC amounted to $652,807 $2,098,488 December 31, 2019 2018, $12,451,837 $12,686,538 December 31, 2019 2018, $2,150,286 $1,001,594 December 31, 2019 2018, $9,185,113 $7,400,476 December 31, 2019 2018, TLIC is subject to Oklahoma laws and FBLIC is subject to Missouri laws that limit the amount of dividends insurance companies can pay to stockholders without approval of the respective Departments of Insurance. The maximum dividend, which may twelve 10% December 31 may $1,245,184 2020 $918,511 2020 $760,347 2018. no

Note 11 - Segment Data

Note 11 - Segment Data	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	1 1 . 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 and for the years ended December 31, 2019 2018 Year Ended December 31, 2019 2018 Revenues: Life insurance operations $ 27,170,994 $ 21,985,441 Annuity operations 21,931,249 16,739,274 Corporate operations 674,452 516,380 Total $ 49,776,695 $ 39,241,095 Income before income taxes: Life insurance operations $ 621,436 $ 780,362 Annuity operations 7,109,199 5,369,900 Corporate operations 488,981 454,005 Total $ 8,219,616 $ 6,604,267 Depreciation and amortization expense: Life insurance operations $ 3,663,864 $ 3,738,531 Annuity operations 817,243 302,772 Total $ 4,481,107 $ 4,041,303 December 31, 2019 2018 Assets: Life insurance operations $ 99,612,420 $ 69,756,013 Annuity operations 500,738,949 357,797,728 Corporate operations 4,585,005 5,953,109 Total $ 604,936,374 $ 433,506,850

Note 12 - Concentrations of Cre

Note 12 - Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	1 2 . Concentrations of Credit Risk Credit risk is limited by diversifying the Company’s investments. The Company maintains cash and cash equivalents at multiple institutions. The Federal Deposit Insurance Corporation insures accounts up to $250,000. $18,089,331 December 31, 2019. not The Company’s lottery prize receivables due from various states and the geographical distribution of the Company’s mortgage loans by state are summarized in Note 2.

Note 13 - Contingent Liabilitie

Note 13 - Contingent Liabilities	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Contingencies Disclosure [Text Block]	1 3 . Contingent Liabilities A lawsuit filed by the Company and Chairman, President and Chief Executive Officer, Gregg E. Zahn, in 2013 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 appealed this decision. The appeal challenged two February 28, 2020, not not In 2013, no 2013 no 2013 no may not 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 14 - Related Party Transac

Note 14 - Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	1 4 . Related Party Transactions On April 15, 2019, one $400,000 one 5.00%. 100,000

Note 15 - Other Comprehensive I

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	1 5 . Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) The changes in the components of the Company’s accumulated other comprehensive income (loss) for the years ended December 31, 2019 2018 Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Year Ended December 31, 2019 Balance as of January 1, 2019 $ (2,584,643 ) $ 8,012 $ (2,576,631 ) Other comprehensive income before reclassifications, net of tax 12,998,677 (23,675 ) 12,975,002 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax 781,711 - 781,711 Other comprehensive income 12,216,966 (23,675 ) 12,193,291 Balance as of December 31, 2019 $ 9,632,323 $ (15,663 ) $ 9,616,660 Year Ended December 31, 2018 Balance as of January 1, 2018 $ 4,843,061 $ (82,110 ) $ 4,760,951 Other comprehensive loss before reclassifications, net of tax (7,233,303 ) 90,122 (7,143,181 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 194,401 - 194,401 Other comprehensive loss (7,427,704 ) 90,122 (7,337,582 ) Balance as of December 31, 2018 $ (2,584,643 ) $ 8,012 $ (2,576,631 ) The pretax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit) for each component for the years ended December 31, 2019 2018 Income Tax Expense Pretax (Benefit) Net of Tax Year Ended December 31, 2019 Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 16,454,021 $ 3,455,344 $ 12,998,677 Reclassification adjustment for net gains included in operation having no credit losses 989,507 207,796 781,711 Net unrealized gains on investments 15,464,514 3,247,548 12,216,966 Adjustment to deferred acquisition costs (29,968 ) (6,293 ) (23,675 ) Total other comprehensive income $ 15,434,546 $ 3,241,255 $ 12,193,291 Year Ended December 31, 2018 Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (9,156,080 ) $ (1,922,777 ) $ (7,233,303 ) Reclassification adjustment for net gains included in operation having no credit losses 246,078 51,677 194,401 Net unrealized losses on investments (9,402,158 ) (1,974,454 ) (7,427,704 ) Adjustment to deferred acquisition costs 114,079 23,957 90,122 Total other comprehensive loss $ (9,288,079 ) $ (1,950,497 ) $ (7,337,582 ) 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 statements of operations for the years ended December 31, 2019 2018 Years Ended December 31, Reclassification Adjustments 2019 2018 Realized gains on sales of securities (a) $ 989,507 $ 246,078 Income tax expense (b) 207,796 51,677 Total reclassification adjustments $ 781,711 $ 194,401 (a) These items appear within net realized investment gains in the consolidated statements of operations. (b) These items appear within federal income taxes in the consolidated statements of operations.

Note 16 - Line of Credit

Note 16 - Line of Credit	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	1 6 . Line of Credit On November 8, 2019, $1.5 September 15, 2020. 1% 360 5%.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 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. During 2012, 2013, 2014 2015, 247,580 $893,947
Business Combinations Policy [Policy Text Block]	Acquisition of Other Companies 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. On April 3, 2018, 100% 2019. $250,000.
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
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 financial statements to conform to current year 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
Investment, Policy [Policy Text Block]	Investments Fixed maturity securities comprised of bonds and preferred stocks are classified as available-for-sale and are carried at fair value with unrealized gains and losses, net of applicable income taxes, reported in accumulated other comprehensive income. The amortized cost of fixed maturity securities available-for-sale is adjusted for amortization of premium and accretion of discount to maturity. Interest income on fixed maturity securities, as well as the related amortization of premium and accretion of discount, is included in net investment income under the effective yield method. Dividend income on preferred stocks are recognized in net investment income when declared. The amortized cost of fixed maturity securities available-for-sale and the cost of preferred stocks are written down to fair value when a decline in value is considered to be other-than-temporary. The Company evaluates the difference between the cost or amortized cost and estimated fair value of its fixed maturity and preferred stock investments to determine whether any decline in value is other-than-temporary in nature. This determination involves a degree of uncertainty. If a decline in the fair value of a security is determined to be temporary, the decline is recorded as an unrealized loss in stockholders' equity. If a decline in a security's fair value is considered to be other-than-temporary, the Company then determines the proper treatment for the other-than-temporary impairment. For fixed maturity securities available-for-sale, the amount of any other-than-temporary impairment related to a credit loss is recognized in earnings and reflected as a reduction in the cost basis of the security; and the amount of any other-than-temporary impairment related to other factors is recognized in other comprehensive income (loss) with no The assessment of whether a decline in fair value is considered temporary or other-than-temporary includes management's judgment as to the financial position and future prospects of the entity issuing the security. It is not may Likewise, if a change occurs in the Company’s intent to sell temporarily impaired securities prior to maturity or recovery in value, or if it becomes more likely than not If an other-than-temporary impairment related to a credit loss occurs with respect to a bond, the Company amortizes the reduced book value back to the security's expected recovery value over the remaining term of the bond. The Company continues to review the security for further impairment that would prompt another write-down in the value. Equity securities are comprised of mutual funds and common stocks and are carried at fair value. The associated unrealized gains and losses are included in net realized investment gains (losses). Dividends from these investments are recognized in net investment income when declared. Mortgage loans are carried at unpaid balances, net of unamortized premium or discounts. Interest income and the amortization of premiums or discounts are included in net investment income. Mortgage loan fees, certain direct loan origination costs, and purchase premiums and discounts on loans are recognized as an adjustment of yield by the interest method based on the contractual terms of the loan. In certain circumstances, prepayments may not Investment real estate in buildings held for the production of income is carried at cost less accumulated depreciation. Depreciation on investment real estate in buildings held for the production of income is calculated over an estimated useful life of 19 Policy loans are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. Other long term investments are comprised of lottery prize receivables and are carried at amortized cost. Interest income and the accretion of discount are included in net investment income.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and money market instruments.
Short Term Investments [Policy Text Block]	Short-term investments Short-term investments include funds that have a maturity of more than 90 one
Revenue [Policy Text Block]	Investment Income and Realized Gains and Losses on Sales of Investments Interest and dividends earned on investments are included in net investment income. Realized gains and losses on sales of investments are recognized in operations on the specific identification basis.
Deferred Policy Acquisition Costs, Policy [Policy Text Block]	Deferred Policy Acquisition Costs Commissions and other acquisition costs which vary with and are primarily related to the successful production of new business are deferred and amortized in a systematic manner based on the related contract revenues or gross profits as appropriate. Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. Deferred acquisition costs for the successful production of traditional life insurance contracts are deferred to the extent deemed recoverable and amortized over the premium paying period of the related policies using assumptions consistent with those used in computing future policy benefit liabilities. Deferred acquisition costs related to the successful production of insurance and annuity products that subject the Company to mortality or morbidity risk over a period that extends beyond the period or periods in which premiums are collected and that have terms that are fixed and guaranteed (i.e., limited-payment long-duration annuity contracts) are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies. To the extent that realized gains and losses on fixed income securities result in adjustments to deferred acquisition costs related to insurance and annuity products, such adjustments are reflected as a component of the amortization of deferred acquisition costs. Deferred acquisition costs related to limited-payment long-duration insurance and annuity contracts are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from available-for-sale securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of “Accumulated Other Comprehensive Income (Loss)” in the shareholders’ equity section of the statement of financial position.
Premiums Receivable, Allowance for Doubtful Accounts, Estimation Methodology, Policy [Policy Text Block]	Allowance for Loan Losses from Mortgage Loans 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 residential and commercial mortgage loan portfolio. The allowance, in the judgment of the Company, is necessary to reserve for estimated loan losses inherent in the residential and commercial mortgage loan portfolios 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 residential and commercial mortgage loan portfolios, 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
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are carried at cost less accumulated depreciation or amortization. Office furniture, equipment and computer software is recorded at cost or fair value at acquisition less accumulated depreciation or amortization using the straight-line method over the estimated useful life of the respective assets of three ten
Reinsurance Accounting Policy [Policy Text Block]	Reinsurance The Company cedes reinsurance under various agreements allowing management to control exposure to potential losses arising from large risks and providing additional capacity for growth. Estimated reinsurance recoverable balances are reported as assets and are recognized in a manner consistent with the liabilities related to the underlying reinsured ceded contracts. The Company also assumes reinsurance under various agreements allowing management to increase growth in assets and profitability. Estimated reinsurance payable balances are reported as liabilities and are recognized in a manner consistent with the assets related to the underlying assumed reinsurance contracts.
Intangible Assets Arising from Insurance Contracts Acquired in Business Combination, Policy [Policy Text Block]	Value of Insurance Business Acquired As a result of the Company’s purchases of FLAC and FBLIC, an asset was recorded in the application of purchase accounting to recognize the value of acquired insurance in force. The Company’s value of acquired insurance in force is an intangible asset with a definite life and is amortized under Financial Accounting Standards Board (“FASB”) guidance. The value of acquired insurance in force is amortized primarily over the emerging profit of the related policies using the same assumptions that were used in computing liabilities for future policy benefits. For the amortization of the value of acquired insurance in force, the Company periodically reviews its estimates of gross profits. The most significant assumptions involved in the estimation of gross profits include interest rate spreads, future financial market performance, business surrender/lapse rates, mortality and morbidity, expenses and the impact of realized investment gains and losses. In the event actual experience differs significantly from assumptions or assumptions are significantly revised, the Company is required to record a charge or credit to amortization expense for the period in which an adjustment is made. As of December 31, 2019 2018, $3,848,430 $3,554,008, five $275,501 2020, $257,083 2021, $237,034 2022, $226,150 2023 $216,735 2024.
Other Assets and Liabilities, Policy [Policy Text Block]	Other Assets and Other Liabilities Other assets consist primarily of advances to mortgage loan originator, receivable for securities sold, federal and state income taxes recoverable, accrual of mortgage loan and long-term investment payments due, guaranty funds, notes receivable, prepaid assets, deposits, other receivables and property and equipment. Other liabilities consist primarily of accrued expenses payable, accounts payable, remittance and suspense items not
Policyholder Accounts, Policy [Policy Text Block]	Policyholders’ Account Balances The Company’s liability for policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the financial statement date. This liability is generally equal to the accumulated account deposits plus interest credited less policyholders’ withdrawals and other charges assessed against the account balance. Interest crediting rates for individual annuities range from 2.25% 4.50%. 2.50% 4.00%.
Liability for Future Policy Benefit [Policy Text Block]	Future Policy Benefits The Company’s liability for future policy benefits is primarily comprised of the present value of estimated future payments to or on behalf of policyholders, where the timing and amount of payment depends on policyholder mortality or morbidity, less the present value of future net premiums. For life insurance and annuity products, expected mortality and morbidity is generally based on the Company’s historical experience or standard industry tables including a provision for the risk of adverse deviation. Interest rate assumptions are based on factors such as market conditions and expected investment returns. Although mortality, morbidity and interest rate assumptions are “locked-in” upon the issuance of new insurance with fixed and guaranteed terms, significant changes in experience or assumptions may
Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block]	Policy Claims Policy claim liabilities represent the estimated liabilities for claims reported plus estimated incurred but not
Income Tax, Policy [Policy Text Block]	Federal Income Taxes The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes are provided for cumulative temporary differences between balances of assets and liabilities determined under U.S. GAAP and balances determined using tax bases. A valuation allowance is established for the amount of the deferred tax asset that exceeds the amount of the estimated future taxable income needed to utilize the future tax benefits.
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
Comprehensive Income, Policy [Policy Text Block]	Accumulated Other Comprehensive Income (Loss) FASB guidance requires the inclusion of unrealized gains or losses on available-for-sale securities, net of tax, as a component of other comprehensive income (loss). Unrealized gains and losses recognized in accumulated other comprehensive income (loss) that are later recognized in net income through a reclassification adjustment are identified on the specific identification method. In addition, deferred acquisition costs related to limited-payment long-duration insurance and annuity contracts are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from available-for-sale securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of “Accumulated Other Comprehensive Income (Loss)” in the shareholders’ equity section of the statement of financial position.
Insurance Premiums Revenue Recognition, Policy [Policy Text Block]	Revenues and Expenses Revenues on traditional life insurance products consist of direct premiums reported as earned when due. Liabilities for future policy benefits are provided and acquisition costs are amortized in a systematic manner based on the related contract revenues or gross profits as appropriate. Acquisition costs for traditional life insurance contracts are deferred to the extent deemed recoverable and are amortized over the premium paying period of the related policies using assumptions consistent with those used in computing future policy benefit liabilities. Traditional life insurance products are treated as long-duration contracts since they generally remain in force for the lifetime of the insured. Deferred acquisition costs related to insurance and annuity products that subject the Company to mortality or morbidity risk over a period that extends beyond the period or periods in which premiums are collected and that have terms that are fixed and guaranteed are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies.
Earnings Per Share, Policy [Policy Text Block]	Net Income per Common Share Net income per common share basic and diluted is calculated using the weighted average number of common shares outstanding and subscribed during the year. The weighted average outstanding and subscribed common shares basic and diluted were 7,802,593 December 31, 2019 2018.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Effective January 1, 2020, 100% 168,866 $1,837,469. $1,837,469 Since regulatory approval has recently been granted by the OID and Missouri Department of Insurance (“MDOI”) and approved at the Company’s October 2, 2019 March 2020), 50,000,000 40,000,000 10,000,000 one 1 one 1 Upon full implementation after formal adoption by the Company’s Board of Directors in March 2020, one one 85% may one .85 100% Upon full implementation after formal adoption by the Company’s Board of Directors in March 2020, $0.05 10% not Management has evaluated all other events subsequent to December 31, 2019
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Leases In February 2016, 2016 02 12 two no not In July 2018, February 2016 ( 2018 11 may Consequently, if this transition method is elected, an entity’s reporting for the comparative periods prior to adoption presented in the financial statements would continue to be in accordance with current lease guidance. The amendments also provide lessors with a practical expedient to combine non-lease components (e.g., a fee for common area maintenance when leasing office space) with the associated lease component rather than accounting for those components separately if certain criteria are met. The updated guidance requires entities to recognize a right-of-use asset and lease liability equal to the present value of lease payments for all leases other than those that are less than 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 was effective for reporting periods beginning after December 15, 2019. December 15, 2022. December 15, 2018. not Intangibles - Goodwill and Other In January 2017, 2017 04 2 1 The implied fair value of goodwill is currently determined in Step 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 was effective for reporting periods beginning after December 15, 2020. December 15, 2023. may With respect to the market risk benefits, an insurance entity should apply the amendments retrospectively as of the beginning of the earliest period presented. The Company expects that the impact on the Company’s results of operations, financial position and liquidity at the date of adoption of the updated guidance in 2024 Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, 2018 13 December 15, 2019. 2020 not Income Taxes - Simplifying the Accounting for Income Taxes December 2019, 2019 12 March 31, 2021. not

Supplemental Disclosure - Cas_2

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Year Ended Year Ended December 31, 2019 December 31, 2018 Reductions in mortgage loans due to foreclosure $ 99,218 $ 467,593 Investment real estate held-for-sale acquired through foreclosure (99,218 ) (467,593 ) Net cash used in investing activities $ - $ -

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	12 Months Ended
	Dec. 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 December 31, 2019 Fixed maturity securities U.S. government and U.S. government agencies $ 1,679,731 $ 431 $ 11,129 $ 1,669,033 States and political subdivisions 9,536,120 617,063 2,252 10,150,931 Residential mortgage-backed securities 20,289 22,167 - 42,456 Corporate bonds 121,143,923 9,528,168 144,337 130,527,754 Asset-backed 2,116,056 68,395 - 2,184,451 Exchange traded securities 500,000 48,400 - 548,400 Foreign bonds 31,764,329 2,427,523 363,553 33,828,299 Total fixed maturity securities 166,760,448 12,712,147 521,271 178,951,324 Preferred stock 49,945 1,955 - 51,900 Equity securities Mutual funds 91,981 - 2,629 89,352 Corporate common stock 88,213 23,459 - 111,672 Total equity securities 180,194 23,459 2,629 201,024 Total fixed maturity, preferred stock and equity securities $ 166,990,587 $ 12,737,561 $ 523,900 $ 179,204,248 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 December 31, 2019 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 1,097,626 $ 6,841 3 States and political subdivisions 103,007 2,252 1 Corporate bonds 3,049,765 59,915 7 Foreign bonds 345,243 7,857 1 Total less than 12 months in an unrealized loss position 4,595,641 76,865 12 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 445,943 4,288 2 Corporate bonds 1,245,410 84,422 6 Foreign bonds 1,070,459 355,696 4 Total more than 12 months in an unrealized loss position 2,761,812 444,406 12 Total fixed maturity securities in an unrealized loss position 7,357,453 521,271 24 Equity securities (mutual funds), greater than 12 months in an unrealized loss position 89,352 2,629 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 7,446,805 $ 523,900 $ 25 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]	December 31, 2019 December 31, 2018 Unrealized appreciation (depreciation) on available-for-sale securities $ 12,192,831 $ (3,271,683 ) Adjustment to deferred acquisition costs (19,844 ) 10,124 Deferred income taxes (2,556,327 ) 684,928 Net unrealized appreciation (depreciation) on available-for-sale securities $ 9,616,660 $ (2,576,631 )
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2019 Amortized Cost Fair Value Due in one year or less $ 10,803,287 $ 11,016,206 Due in one year through five years 33,620,272 37,653,046 Due after five years through ten years 19,714,267 25,799,501 Due after ten years 7,686,654 13,766,266 $ 71,824,480 $ 88,235,019
Realized Gain (Loss) on Investments [Table Text Block]	Years Ended December 31, Fixed Maturity Securities Equity Securities Investment Real Estate 2019 2018 2019 2018 2019 2018 Proceeds $ 33,700,106 $ 22,037,796 $ 19,371 $ 361,947 $ 350,817 $ 364,689 Gross realized gains 1,289,675 391,895 12,372 25,791 5,158 52,971 Gross realized losses (300,168 ) (145,817 ) - (58 ) (48,343 ) (1,322 ) Loss on other-than- temporary impairment - - - - - - Years Ended December 31, Preferred Stock 2019 2018 Proceeds $ 50,000 $ - Gross realized gains - - Gross realized losses - - Loss on other-than- temporary impairment - -
Investment Income [Table Text Block]	Years Ended December 31, 2019 2018 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ 15,453,194 $ (9,323,510 ) Preferred stock 11,320 (10,140 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 989,507 246,078 Equity securities, sale of securities 12,372 25,733 Equity securities, changes in fair value 9,284 (56,962 ) Investment real estate (43,185 ) 51,649 Years Ended December 31, 2019 2018 Fixed maturity securities $ 7,419,650 $ 6,278,105 Preferred stock and equity securities 131,823 83,263 Other long-term investments 4,860,323 3,992,882 Mortgage loans 13,544,895 11,079,802 Policy loans 137,492 122,587 Real estate 269,123 376,599 Short-term and other investments 637,999 233,366 Gross investment income 27,001,305 22,166,604 Investment expenses (2,631,265 ) (2,557,218 ) Net investment income $ 24,370,040 $ 19,609,386
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2019 December 31, 2018 Residential mortgage loans $ 150,002,865 $ 120,108,297 Commercial mortgage loans by property type Apartment 1,604,934 1,816,870 Industrial 1,619,250 1,156,157 Lodging 729,603 112,494 Office building 3,676,396 2,348,639 Retail 4,771,592 4,507,153 Total commercial mortgage loans by property type 12,401,775 9,941,313 Total mortgage loans $ 162,404,640 $ 130,049,610 December 31, 2019 December 31, 2018 Amount Percentage Amount Percentage Alabama $ 1,150,160 0.71 % $ 783,866 0.60 % Arizona 1,709,789 1.05 % 2,103,627 1.62 % Arkansas 697,748 0.43 % 71,854 0.06 % California 7,010,828 4.32 % 9,489,106 7.30 % Colorado 57,431 0.04 % 200,174 0.15 % Connecticut 901,101 0.55 % 1,511,981 1.16 % Delaware 458,587 0.28 % 458,587 0.35 % District of Columbia 720,000 0.44 % - 0.00 % Florida 29,921,779 18.42 % 24,622,340 18.93 % Georgia 10,459,089 6.44 % 8,353,781 6.42 % Hawaii 229,865 0.14 % 233,170 0.18 % Idaho 638,967 0.39 % 635,114 0.49 % Illinois 6,659,219 4.10 % 8,317,183 6.40 % Indiana 1,181,493 0.73 % 996,756 0.77 % Kansas 548,138 0.34 % 389,239 0.30 % Kentucky 94,619 0.06 % 97,872 0.08 % Louisiana 241,748 0.15 % 248,360 0.19 % Maine 128,112 0.08 % 129,456 0.10 % Maryland 757,860 0.47 % 767,325 0.59 % Massachusetts 2,174,988 1.34 % 778,303 0.60 % Michigan 192,050 0.12 % 195,838 0.15 % Minnesota 32,286 0.02 % 135,241 0.10 % Mississippi 81,653 0.05 % 136,306 0.10 % Missouri 3,130,470 1.93 % 3,909,254 3.01 % Nevada 165,092 0.10 % 487,365 0.37 % New Hampshire 132,040 0.08 % 285,077 0.22 % New Jersey 7,470,226 4.60 % 1,463,390 1.13 % New Mexico 81,497 0.05 % 341,769 0.26 % New York 3,864,479 2.38 % 3,485,062 2.68 % North Carolina 3,926,787 2.42 % 1,877,753 1.44 % Ohio 2,438,541 1.50 % 3,318,414 2.55 % Oklahoma 612,075 0.38 % 450,297 0.35 % Oregon 1,647,107 1.01 % 2,929,557 2.25 % Pennsylvania 67,195 0.04 % 81,435 0.06 % South Carolina 183,078 0.11 % 420,629 0.32 % Tennessee 4,024,710 2.48 % 2,130,400 1.64 % Texas 65,639,490 40.42 % 45,200,527 34.76 % Utah 2,000,000 1.23 % 2,000,000 1.54 % Vermont 241,470 0.15 % 102,968 0.08 % Virginia 486,846 0.30 % 494,462 0.38 % Washington 345,986 0.21 % 361,716 0.28 % Wisconsin 328,573 0.20 % 375,657 0.29 % Mortgage loan allowance and unamortized origination fees (428,532 ) -0.26 % (321,601 ) -0.25 % $ 162,404,640 100 % $ 130,049,610 100 %
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans Loan-To-Value Ratio 2019 2018 2019 2018 2019 2018 Over 70% to 80% $ 42,607,615 $ 23,205,637 $ 274,954 $ 280,020 $ 42,882,569 $ 23,485,657 Over 60% to 70% 50,158,843 43,631,465 2,320,734 2,216,436 52,479,577 45,847,901 Over 50% to 60% 28,939,576 24,890,831 1,318,536 752,181 30,258,112 25,643,012 Over 40% to 50% 13,160,306 16,055,231 2,142,354 1,670,263 15,302,660 17,725,494 Over 30% to 40% 8,023,690 5,984,097 1,800,952 3,341,616 9,824,642 9,325,713 Over 20% to 30% 3,806,361 3,249,410 1,235,799 1,429,085 5,042,160 4,678,495 Over 10% to 20% 2,677,037 2,233,102 3,308,446 251,712 5,985,483 2,484,814 10% or less 629,437 858,524 - - 629,437 858,524 Total $ 150,002,865 $ 120,108,297 $ 12,401,775 $ 9,941,313 $ 162,404,640 $ 130,049,610
Schedule of Real Estate Properties [Table Text Block]	December 31, 2019 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 (1,486,159 ) (1,340,671 ) Buildings net of accumulated depreciation 781,398 926,886 Residential real estate - held for sale 212,046 506,830 Total residential real estate 212,046 506,830 Investment real estate, net of accumulated depreciation $ 1,951,759 $ 2,392,031
Investment Holdings, Other than Securities [Table Text Block]	December 31, 2019 December 31, 2018 Amount Percentage Amount Percentage Arizona $ 450,573 0.63 % $ 360,333 0.61 % California 7,772,309 10.82 % 4,656,712 7.86 % Colorado 41,000 0.06 % 75,706 0.13 % Connecticut 2,670,153 3.72 % 2,406,581 4.06 % Florida 92,145 0.13 % 128,960 0.22 % Georgia 4,003,717 5.57 % 3,263,364 5.51 % Illinois 458,280 0.64 % 486,477 0.82 % Indiana 5,398,417 7.52 % 1,259,879 2.13 % Maine 146,290 0.20 % 176,637 0.30 % Massachusetts 15,481,300 21.55 % 12,953,938 21.86 % Michigan 264,403 0.37 % 279,911 0.47 % Missouri 100,406 0.14 % 108,404 0.18 % New Jersey 175,493 0.24 % - 0.00 % New York 24,807,063 34.54 % 23,762,905 40.09 % Ohio 4,775,235 6.65 % 4,748,535 8.01 % Oregon 144,013 0.20 % 172,902 0.29 % Pennsylvania 1,753,190 2.44 % 1,534,181 2.59 % Texas 2,673,036 3.72 % 2,314,597 3.91 % Virginia 70,671 0.10 % - 0.00 % Vermont 259,677 0.36 % 271,609 0.46 % Washington 287,109 0.40 % 293,846 0.50 % $ 71,824,480 100.00 % $ 59,255,477 100.00 %
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2019 Amortized Cost Fair Value Due in one year or less $ 2,321,142 $ 2,341,352 Due in one year through five years 26,961,169 27,696,544 Due after five years through ten years 57,121,030 60,901,680 Due after ten years 80,336,818 87,969,292 Due at multiple maturity dates 20,289 42,456 $ 166,760,448 $ 178,951,324

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total December 31, 2019 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 1,669,033 $ - $ 1,669,033 States and political subdivisions - 10,150,931 - 10,150,931 Residential mortgage-backed securities - 42,456 - 42,456 Corporate bonds - 130,527,754 - 130,527,754 Asset-backed - 2,184,451 - 2,184,451 Exchange traded securities - 548,400 - 548,400 Foreign bonds - 33,828,299 - 33,828,299 Total fixed maturity securities $ - $ 178,951,324 $ - $ 178,951,324 Preferred stock, available-for-sale $ 51,900 $ - $ - $ 51,900 Equity securities Mutual funds $ - $ 89,352 $ - $ 89,352 Corporate common stock 47,565 - 64,107 111,672 Total equity securities $ 47,565 $ 89,352 $ 64,107 $ 201,024 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]	December 31, 2019 2018 Beginning balance $ 64,036 $ 61,500 Joint venture investment - 10,200 Joint venture net income 115,357 63,046 Joint venture distribution (115,286 ) (55,710 ) Equity security sale - (15,000 ) Ending balance $ 64,107 $ 64,036
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 December 31, 2019 Financial assets Mortgage loans on real estate Commercial $ 12,401,775 $ 12,280,704 $ - $ - $ 12,280,704 Residential 150,002,865 152,443,349 - - 152,443,349 Policy loans 2,026,301 2,026,301 - - 2,026,301 Short-term investments 1,831,087 1,831,087 1,831,087 - - Other long-term investments 71,824,480 88,235,019 - - 88,235,019 Cash and cash equivalents 23,212,170 23,212,170 23,212,170 - - Accrued investment income 5,207,823 5,207,823 - - 5,207,823 Total financial assets $ 266,506,501 $ 285,236,453 $ 25,043,257 $ - $ 260,193,196 Financial liabilities Policyholders' account balances $ 363,083,838 $ 355,557,123 $ - $ - $ 355,557,123 Policy claims 1,399,393 1,399,393 - - 1,399,393 Total financial liabilities $ 364,483,231 $ 356,956,516 $ - $ - $ 356,956,516 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 5 - Allowance for Loan L_2

Note 5 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Years Ended December 31, 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 68,848 40,420 12,364 40,931 81,212 81,351 Allowance, ending $ 443,057 $ 374,209 $ 62,321 $ 49,957 $ 505,378 $ 424,166 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 443,057 $ 374,209 $ 62,321 $ 49,957 $ 505,378 $ 424,166 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 88,245,263 $ 75,139,826 $ 12,401,775 $ 9,941,313 $ 100,647,038 $ 85,081,139

Note 6 - Deferred Policy Acqu_2

Note 6 - Deferred Policy Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	2019 2018 Balance, beginning of year $ 29,681,737 $ 24,555,902 Capitalization of commissions, sales and issue expenses 12,369,350 8,527,380 Amortization (4,015,480 ) (3,515,624 ) Deferred acquisition costs allocated to investments (29,968 ) 114,079 Balance, end of year $ 38,005,639 $ 29,681,737

Note 7 - Federal Income Taxes (

Note 7 - Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended December 31, 2019 2018 Expected tax expense $ 1,726,119 $ 1,386,896 Future policy benefits 208,197 27,253 Net operating losses 207,580 (66,779 ) Alternative minimum taxes 164,432 15,401 Capital gain taxes 14,536 (55,464 ) Difference in book versus tax basis of available-for-sale securities 9,721 60,083 Adjustment of prior years' taxes (54,793 ) (128,764 ) Reinsurance recoverable (205,559 ) 197,009 Other 49,663 26,486 Total income tax expense $ 2,119,896 $ 1,462,121
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2019 2018 Deferred tax liabilities: Net unrealized investment gains $ 2,556,327 $ - Deferred policy acquisition costs 6,463,579 5,161,165 Value of insurance business acquired 1,027,204 1,089,032 Reinsurance recoverable 241,362 446,921 Available-for-sale fixed maturity securities 78,207 80,409 Investment real estate 40,627 39,663 Due premiums 30,800 22,975 Other 13,544 435 Total deferred tax liabilities 10,451,650 6,840,600 Deferred tax assets: Net unrealized investment losses - 684,928 Policyholders' account balances and future policy benefits 3,181,433 2,342,777 Net operating loss carryforward 774,003 1,106,769 Alternative minimum tax carryforward - 190,153 Mortgage loans 89,992 67,536 Available-for-sale equity securities 21,056 36,565 Policy claims 16,366 13,258 Unearned investment income 13,105 14,811 Dividend liability 9,777 10,325 Total deferred tax assets 4,105,732 4,467,122 Net deferred tax liabilities $ 6,345,918 $ 2,373,478

Note 8 - Reinsurance (Tables)

Note 8 - Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	2019 2018 Premiums assumed $ 1,777,449 $ 457,512 Commissions and expense allowances assumed 1,413,057 194,908 Benefits assumed 8,001 33,694 Reserve credits assumed 1,279,582 343,140 In force amount assumed 41,056,032 17,863,123 Premiums ceded 71,936,037 30,445,152 Commissions and expense allowances ceded 2,670,202 1,051,766 Benefits ceded 1,208,109 356,806 Reserve credits ceded 103,142,179 30,686,404 In force amount ceded 43,641,121 77,653,688

Note 11 - Segment Data (Tables)

Note 11 - Segment Data (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended December 31, 2019 2018 Revenues: Life insurance operations $ 27,170,994 $ 21,985,441 Annuity operations 21,931,249 16,739,274 Corporate operations 674,452 516,380 Total $ 49,776,695 $ 39,241,095 Income before income taxes: Life insurance operations $ 621,436 $ 780,362 Annuity operations 7,109,199 5,369,900 Corporate operations 488,981 454,005 Total $ 8,219,616 $ 6,604,267 Depreciation and amortization expense: Life insurance operations $ 3,663,864 $ 3,738,531 Annuity operations 817,243 302,772 Total $ 4,481,107 $ 4,041,303
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2019 2018 Assets: Life insurance operations $ 99,612,420 $ 69,756,013 Annuity operations 500,738,949 357,797,728 Corporate operations 4,585,005 5,953,109 Total $ 604,936,374 $ 433,506,850

Note 15 - Other Comprehensive_2

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Year Ended December 31, 2019 Balance as of January 1, 2019 $ (2,584,643 ) $ 8,012 $ (2,576,631 ) Other comprehensive income before reclassifications, net of tax 12,998,677 (23,675 ) 12,975,002 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax 781,711 - 781,711 Other comprehensive income 12,216,966 (23,675 ) 12,193,291 Balance as of December 31, 2019 $ 9,632,323 $ (15,663 ) $ 9,616,660 Year Ended December 31, 2018 Balance as of January 1, 2018 $ 4,843,061 $ (82,110 ) $ 4,760,951 Other comprehensive loss before reclassifications, net of tax (7,233,303 ) 90,122 (7,143,181 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 194,401 - 194,401 Other comprehensive loss (7,427,704 ) 90,122 (7,337,582 ) Balance as of December 31, 2018 $ (2,584,643 ) $ 8,012 $ (2,576,631 )
Comprehensive Income (Loss) [Table Text Block]	Income Tax Expense Pretax (Benefit) Net of Tax Year Ended December 31, 2019 Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 16,454,021 $ 3,455,344 $ 12,998,677 Reclassification adjustment for net gains included in operation having no credit losses 989,507 207,796 781,711 Net unrealized gains on investments 15,464,514 3,247,548 12,216,966 Adjustment to deferred acquisition costs (29,968 ) (6,293 ) (23,675 ) Total other comprehensive income $ 15,434,546 $ 3,241,255 $ 12,193,291 Year Ended December 31, 2018 Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (9,156,080 ) $ (1,922,777 ) $ (7,233,303 ) Reclassification adjustment for net gains included in operation having no credit losses 246,078 51,677 194,401 Net unrealized losses on investments (9,402,158 ) (1,974,454 ) (7,427,704 ) Adjustment to deferred acquisition costs 114,079 23,957 90,122 Total other comprehensive loss $ (9,288,079 ) $ (1,950,497 ) $ (7,337,582 )
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Years Ended December 31, Reclassification Adjustments 2019 2018 Realized gains on sales of securities (a) $ 989,507 $ 246,078 Income tax expense (b) 207,796 51,677 Total reclassification adjustments $ 781,711 $ 194,401

Supplemental Disclosure - Cas_3

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 99,218	$ 467,593
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 99,218	$ 467,593

Supplemental Disclosure - Cas_4

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities - Supplement Disclosures to Consolidated Statements of Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Reductions in mortgage loans due to foreclosure	$ 99,218	$ 467,593
Investment real estate held-for-sale acquired through foreclosure	(99,218)	(467,593)
Net cash used in investing activities

Note 1 - Organization and Sig_2

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

Mar. 12, 2020$ / sharesshares

Jan. 01, 2020USD ($)shares

Apr. 03, 2018USD ($)

Apr. 28, 2015USD ($)

Dec. 28, 2011USD ($)

Dec. 31, 2008USD ($)

Dec. 23, 2008USD ($)

Dec. 31, 2019USD ($)$ / sharesshares

Dec. 31, 2018USD ($)$ / sharesshares

Dec. 31, 2004USD ($)

Dec. 31, 2012shares

Dec. 31, 2015USD ($)shares

Mar. 08, 2013USD ($)

Mar. 08, 2013USD ($)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

Finite-Lived Intangible Assets, Accumulated Amortization

$ 3,848,430

$ 3,554,008

Present Value of Future Insurance Profits, Amortization Expense, Year One

275,501

Present Value of Future Insurance Profits, Amortization Expense, Year Two

257,083

Present Value of Future Insurance Profits, Amortization Expense, Year Three

237,034

Present Value of Future Insurance Profits, Amortization Expense, Year Four

226,150

Present Value of Future Insurance Profits, Amortization Expense, Year Five

$ 216,735

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

$ 0.01

$ 0.01

Weighted Average Number of Shares Outstanding, Basic and Diluted | shares

7,802,593

7,802,593

Common Stock, Shares Authorized | shares

20,000,000

20,000,000

Subsequent Event [Member]

Common Stock, Shares Authorized | shares

50,000,000

Conversion Rate of Common Class B into Class A | shares

0.85

Subsequent Event [Member] | Common Class A [Member]

Common Stock, Shares Authorized | shares

40,000,000

Percent of Dividends

100.00%

Common Stock, Dividends, Per Share, Cash Paid | $ / shares

$ 0.05

Dividends, Common Stock, Stock Percent

10.00%

Subsequent Event [Member] | Common Class B [Member]

Common Stock, Shares Authorized | shares

10,000,000

Percent of Dividends

85.00%

Common Stock, Dividends, Per Share, Cash Paid | $ / shares

$ 0

Minimum [Member]

Liability for Policyholder Contract Deposits, Interest Rate

2.25%

Policyholder Dividends, Rate on Policy Earnings

2.50%

Maximum [Member]

Liability for Policyholder Contract Deposits, Interest Rate

4.50%

Policyholder Dividends, Rate on Policy Earnings

4.00%

Investment Real Estate [Member]

Property, Plant and Equipment, Useful Life

19 years

Office Furniture, Equipment and Software [Member] | Minimum [Member]

Property, Plant and Equipment, Useful Life

3 years

Office Furniture, Equipment and Software [Member] | Maximum [Member]

Property, Plant and Equipment, Useful Life

10 years

Trinity American, Inc. ("TAI") [Member]

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Consideration Transferred, Total

$ 250,000

K-TENN Insurance Company ("K-TENN") [Member] | Subsequent Event [Member]

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Consideration Transferred, Total

$ 1,837,469

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares

168,866

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total

$ 1,837,469

Trinity American, Inc. ("TAI") [Member]

Wholly Owned Subsidiary Ownership Percentage

100.00%

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)	12 Months Ended
	Dec. 31, 2019USD ($)ft²a	Dec. 31, 2018USD ($)ft²a	Jun. 01, 2016a	Sep. 01, 2010ft²
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	25	320
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 523,900	$ 4,441,331
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	7,446,805	85,879,288
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	$ 0	$ 0
Number Of Loans Past Due	23	11
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 4,427,317	$ 2,233,575
Past Due Loans, Term Past Due	90 days	90 days
Mortgage Loans in Process of Foreclosure, Amount	$ 1,691,980
Number of Mortgage Loans in Default		0
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	99,218	$ 467,593
Allowance for Loan and Lease Losses, Real Estate	505,378	424,166
Real Estate Investments, Net, Total	1,951,759	2,392,031
Proceeds from Sale of Real Estate Held-for-investment, Total	$ 350,817	$ 364,689
Topeka Kansas [Member] | Trinity Life Insurance Company [Member]
Area of Land | a	6.5
Topeka Kansas [Member] | Trinity Life Insurance Company [Member] | Office Building [Member]
Area of Real Estate Property			10,000	2,500
Topeka Kansas [Member] | Trinity Life Insurance Company [Member] | Held for the Production of Income [Member] | Office Building [Member]
Area of Land | a		6.5
Area of Real Estate Property | ft²	20,000	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
Independent Mortgage Loan Balances [Member]
Escrow Deposit	$ 798,753	$ 823,645
Residential Portfolio Segment [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans	1,211	1,051
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Ending Balance	$ 150,002,865	$ 120,108,297
Residential Portfolio Segment [Member] | Minimum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 262	$ 796
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	3.43%	3.43%
Residential Portfolio Segment [Member] | Maximum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 1,000,000	$ 994,500
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	26.18%	58.04%
Commercial Portfolio Segment [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans	30	29
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Ending Balance	$ 12,401,775	$ 9,941,313
Commercial Portfolio Segment [Member] | Minimum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 53,066	$ 113,059
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	5.75%	5.75%
Commercial Portfolio Segment [Member] | Maximum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 2,000,000	$ 1,000,000
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	20.60%	12.90%
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 99,218	$ 467,593
Real Estate Investments, Net, Total	394,002	313,040
Gains (Losses) on Sales of Investment Real Estate	43,185	51,649
Proceeds from Sale of Real Estate Held-for-investment, Total	$ 350,817	$ 364,689
Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	24	317
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 521,271	$ 4,414,884
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	7,357,453	85,713,809
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 7,878,724	$ 90,128,693
Fair Value to Cost Ratio	93.00%	95.00%
Fixed Maturity Securities, Investment Grade Percentage	97.00%	96.00%
Preferred Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total		2
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total		$ 9,365
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total		90,580
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost		$ 99,945
Fair Value to Cost Ratio		91.00%
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	$ 2,629	$ 17,082
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	89,352	74,899
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 91,981	$ 91,981
Fair Value to Cost Ratio	97.00%	81.00%
Lottery Prize Cash Flows [Member]
Other Investments, Total	$ 71,824,480	$ 59,255,477

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Securities, amortized cost	$ 166,990,587	$ 134,701,584
Securities, gross unrealized gains	12,737,561	1,181,194
Securities, gross unrealized losses	523,900	4,441,331
Available-for-sale securities	179,204,248	131,441,447
US Treasury and Government [Member]
Securities, amortized cost	1,679,731	2,793,681
Securities, gross unrealized gains	431	2,769
Securities, gross unrealized losses	11,129	91,739
Available-for-sale securities	1,669,033	2,704,711
US States and Political Subdivisions Debt Securities [Member]
Securities, amortized cost	9,536,120	9,295,973
Securities, gross unrealized gains	617,063	215,000
Securities, gross unrealized losses	2,252	32,941
Available-for-sale securities	10,150,931	9,478,032
Residential Mortgage Backed Securities [Member]
Securities, amortized cost	20,289	23,694
Securities, gross unrealized gains	22,167	27,461
Securities, gross unrealized losses
Available-for-sale securities	42,456	51,155
Corporate Debt Securities [Member]
Securities, amortized cost	121,143,923	100,360,468
Securities, gross unrealized gains	9,528,168	823,991
Securities, gross unrealized losses	144,337	3,220,268
Available-for-sale securities	130,527,754	97,964,191
Asset-backed Securities [Member]
Securities, amortized cost	2,116,056	253,598
Securities, gross unrealized gains	68,395	7,820
Securities, gross unrealized losses
Available-for-sale securities	2,184,451	261,418
Debt Security, Government, Non-US [Member]
Securities, amortized cost	31,764,329	21,687,103
Securities, gross unrealized gains	2,427,523	75,525
Securities, gross unrealized losses	363,553	1,069,936
Available-for-sale securities	33,828,299	20,692,692
Debt Securities [Member]
Securities, amortized cost	166,760,448	134,414,517
Securities, gross unrealized gains	12,712,147	1,152,566
Securities, gross unrealized losses	521,271	4,414,884
Available-for-sale securities	178,951,324	131,152,199
Preferred Stock [Member]
Securities, amortized cost	49,945	99,945
Securities, gross unrealized gains	1,955
Securities, gross unrealized losses		9,365
Available-for-sale securities	51,900	90,580
Exchange-traded Debt Securities [Member]
Securities, amortized cost	500,000
Securities, gross unrealized gains	48,400
Securities, gross unrealized losses
Available-for-sale securities	548,400
Mutual Fund [Member]
Securities, amortized cost	91,981	91,981
Securities, gross unrealized gains
Securities, gross unrealized losses	2,629	17,082
Available-for-sale securities	89,352	74,899
Common Stock [Member]
Securities, amortized cost	88,213	95,141
Securities, gross unrealized gains	23,459	28,628
Securities, gross unrealized losses
Available-for-sale securities	111,672	123,769
Equity Securities [Member]
Securities, amortized cost	180,194	187,122
Securities, gross unrealized gains	23,459	28,628
Securities, gross unrealized losses	2,629	17,082
Available-for-sale securities	$ 201,024	$ 198,668

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Available-for-sale securities, continuous unrealized loss position, fair value	$ 7,446,805	$ 85,879,288
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 523,900	$ 4,441,331
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	25	320
US Government Agencies Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 1,097,626	$ 991,660
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 6,841	$ 2,419
Securities in an unrealized loss position, less than twelve months, number	3	1
Securities in an unrealized loss position, more than twelve months, fair value	$ 445,943	$ 1,590,655
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 4,288	$ 89,320
Securities in an unrealized loss position, more than twelve months, number	2	6
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 103,007	$ 1,066,743
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 2,252	$ 7,948
Securities in an unrealized loss position, less than twelve months, number	1	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
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 3,049,765	$ 58,506,980
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 59,915	$ 2,154,898
Securities in an unrealized loss position, less than twelve months, number	7	215
Securities in an unrealized loss position, more than twelve months, fair value	$ 1,245,410	$ 7,107,831
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 84,422	$ 1,065,370
Securities in an unrealized loss position, more than twelve months, number	6	30
Debt Security, Government, Non-US [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 345,243	$ 14,554,291
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 7,857	$ 852,120
Securities in an unrealized loss position, less than twelve months, number	1	50
Securities in an unrealized loss position, more than twelve months, fair value	$ 1,070,459	$ 1,376,680
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 355,696	$ 217,816
Securities in an unrealized loss position, more than twelve months, number	4	5
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 4,595,641	$ 75,119,674
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 76,865	$ 3,017,385
Securities in an unrealized loss position, less than twelve months, number	12	272
Securities in an unrealized loss position, more than twelve months, fair value	$ 2,761,812	$ 10,594,135
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 444,406	$ 1,397,499
Securities in an unrealized loss position, more than twelve months, number	12	45
Available-for-sale securities, continuous unrealized loss position, fair value	$ 7,357,453	$ 85,713,809
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 521,271	$ 4,414,884
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	24	317
Equity Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value		$ 74,899
Securities in an unrealized loss position, less than twelve months, unrealized loss		$ 17,082
Securities in an unrealized loss position, less than twelve months, number		1
Available-for-sale securities, continuous unrealized loss position, fair value	$ 89,352	$ 74,899
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 2,629	$ 17,082
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	1	1
Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value		$ 90,580
Securities in an unrealized loss position, less than twelve months, unrealized loss		$ 9,365
Securities in an unrealized loss position, less than twelve months, number		2
Available-for-sale securities, continuous unrealized loss position, fair value		$ 90,580
Available-for-sale securities, continuous unrealized loss position, accumulated loss		$ 9,365
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions		2

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Unrealized appreciation (depreciation) on available-for-sale securities	$ 12,192,831	$ (3,271,683)
Adjustment to deferred acquisition costs	(19,844)	10,124
Deferred income taxes	(2,556,327)	684,928
Net unrealized appreciation (depreciation) on available-for-sale securities	$ 9,616,660	$ (2,576,631)

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Fixed maturity available-for-sale securities - amortized cost	$ 166,760,448	$ 134,414,517
Fixed maturity available-for-sale securities - fair value	178,951,324	$ 131,152,199
Fixed Maturities [Member]
Due in one year or less - amortized cost	2,321,142
Due in one year or less - fair value	2,341,352
Due in one year through five years - amortized cost	26,961,169
Due in one year through five years - fair value	27,696,544
Due after five years through ten years - amortized cost	57,121,030
Due after five years through ten years - fair value	60,901,680
Due after ten years - amortized cost	80,336,818
Due after ten years - fair value	87,969,292
Due at multiple maturity dates - amortized cost	20,289
Due at multiple maturity dates - fair value	42,456
Fixed maturity available-for-sale securities - amortized cost	166,760,448
Fixed maturity available-for-sale securities - fair value	$ 178,951,324

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fixed Maturities [Member]
Proceeds from sale, maturity, or collection of investments	$ 33,700,106	$ 22,037,796
Gross realized gains on sale of investments	1,289,675	391,895
Gross realized losses on sale of investments	(300,168)	(145,817)
Loss on other-than- temporary impairment
Equity Securities [Member]
Proceeds from sale, maturity, or collection of investments	19,371	361,947
Gross realized gains on sale of investments	12,372	25,791
Gross realized losses on sale of investments		(58)
Loss on other-than- temporary impairment
Mortgages [Member]
Proceeds from sale, maturity, or collection of investments	350,817	364,689
Gross realized gains on sale of investments	5,158	52,971
Gross realized losses on sale of investments	(48,343)	(1,322)
Loss on other-than- temporary impairment
Preferred Stock [Member]
Proceeds from sale, maturity, or collection of investments	50,000
Gross realized gains on sale of investments
Gross realized losses on sale of investments
Loss on other-than- temporary impairment

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Change in unrealized investment gains (losses)	$ 12,216,966	$ (7,427,704)
Gross Investment income	27,001,305	22,166,604
Investment expenses	(2,631,265)	(2,557,218)
Net investment income	24,370,040	19,609,386
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	15,453,194	(9,323,510)
Net realized investment gains (losses)	989,507	246,078
Gross Investment income	7,419,650	6,278,105
Equity Securities [Member]
Equity securities, sale of securities	12,372	25,733
Equity securities, changes in fair value	9,284	(56,962)
Gross Investment income	131,823	83,263
Preferred Stock [Member]
Change in unrealized investment gains (losses)	11,320	(10,140)
Other Long-term Investments [Member]
Gross Investment income	4,860,323	3,992,882
Mortgages [Member]
Gross Investment income	13,544,895	11,079,802
Policy Loans [Member]
Gross Investment income	137,492	122,587
Real Estate Investment [Member]
Net realized investment gains (losses)	(43,185)	51,649
Gross Investment income	269,123	376,599
Short-term Investments [Member]
Gross Investment income	$ 637,999	$ 233,366

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 162,404,640	$ 130,049,610
Mortgage loans on real estate, percentage	100.00%	100.00%
Mortgage loan allowance and unamortized origination fees	$ (428,532)	$ (321,601)
Mortgage loan allowance and unamortized origination fees, percentage	0.26%	0.25%
Alabama [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,150,160	$ 783,866
Mortgage loans on real estate, percentage	0.71%	0.60%
Arizona1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,709,789	$ 2,103,627
Mortgage loans on real estate, percentage	1.05%	1.62%
Arkansas [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 697,748	$ 71,854
Mortgage loans on real estate, percentage	0.43%	0.06%
California1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 7,010,828	$ 9,489,106
Mortgage loans on real estate, percentage	4.32%	7.30%
Colorado1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 57,431	$ 200,174
Mortgage loans on real estate, percentage	0.04%	0.15%
CONNECTICUT
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 901,101	$ 1,511,981
Mortgage loans on real estate, percentage	0.55%	1.16%
Delaware [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 458,587	$ 458,587
Mortgage loans on real estate, percentage	0.28%	0.35%
DISTRICT OF COLUMBIA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 720,000
Mortgage loans on real estate, percentage	0.44%	0.00%
FLORIDA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 29,921,779	$ 24,622,340
Mortgage loans on real estate, percentage	18.42%	18.93%
Georgia1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 10,459,089	$ 8,353,781
Mortgage loans on real estate, percentage	6.44%	6.42%
HAWAII
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 229,865	$ 233,170
Mortgage loans on real estate, percentage	0.14%	0.18%
Idaho [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 638,967	$ 635,114
Mortgage loans on real estate, percentage	0.39%	0.49%
Illinois1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 6,659,219	$ 8,317,183
Mortgage loans on real estate, percentage	4.10%	6.40%
Indiana1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,181,493	$ 996,756
Mortgage loans on real estate, percentage	0.73%	0.77%
KANSAS
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 548,138	$ 389,239
Mortgage loans on real estate, percentage	0.34%	0.30%
Kentucky1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 94,619	$ 97,872
Mortgage loans on real estate, percentage	0.06%	0.08%
Louisiana1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 241,748	$ 248,360
Mortgage loans on real estate, percentage	0.15%	0.19%
Maine [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 128,112	$ 129,456
Mortgage loans on real estate, percentage	0.08%	0.10%
Maryland [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 757,860	$ 767,325
Mortgage loans on real estate, percentage	0.47%	0.59%
Massachusetts1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 2,174,988	$ 778,303
Mortgage loans on real estate, percentage	1.34%	0.60%
MICHIGAN
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 192,050	$ 195,838
Mortgage loans on real estate, percentage	0.12%	0.15%
Minnesota1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 32,286	$ 135,241
Mortgage loans on real estate, percentage	0.02%	0.10%
Mississippi [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 81,653	$ 136,306
Mortgage loans on real estate, percentage	0.05%	0.10%
Missouri1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 3,130,470	$ 3,909,254
Mortgage loans on real estate, percentage	1.93%	3.01%
NEVADA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 165,092	$ 487,365
Mortgage loans on real estate, percentage	0.10%	0.37%
NEW HAMPSHIRE
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 132,040	$ 285,077
Mortgage loans on real estate, percentage	0.08%	0.22%
NEW JERSEY
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 7,470,226	$ 1,463,390
Mortgage loans on real estate, percentage	4.60%	1.13%
NEW MEXICO
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 81,497	$ 341,769
Mortgage loans on real estate, percentage	0.05%	0.26%
NEW YORK
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 3,864,479	$ 3,485,062
Mortgage loans on real estate, percentage	2.38%	2.68%
North Carolina [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 3,926,787	$ 1,877,753
Mortgage loans on real estate, percentage	2.42%	1.44%
OHIO
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 2,438,541	$ 3,318,414
Mortgage loans on real estate, percentage	1.50%	2.55%
OKLAHOMA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 612,075	$ 450,297
Mortgage loans on real estate, percentage	0.38%	0.35%
OREGON
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,647,107	$ 2,929,557
Mortgage loans on real estate, percentage	1.01%	2.25%
Pennsylvania1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 67,195	$ 81,435
Mortgage loans on real estate, percentage	0.04%	0.06%
South Carolina [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 183,078	$ 420,629
Mortgage loans on real estate, percentage	0.11%	0.32%
Tennessee [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 4,024,710	$ 2,130,400
Mortgage loans on real estate, percentage	2.48%	1.64%
TEXAS
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 65,639,490	$ 45,200,527
Mortgage loans on real estate, percentage	40.42%	34.76%
UTAH
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 2,000,000	$ 2,000,000
Mortgage loans on real estate, percentage	1.23%	1.54%
VERMONT
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 241,470	$ 102,968
Mortgage loans on real estate, percentage	0.15%	0.08%
Virginia1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 486,846	$ 494,462
Mortgage loans on real estate, percentage	0.30%	0.38%
WASHINGTON
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 345,986	$ 361,716
Mortgage loans on real estate, percentage	0.21%	0.28%
WISCONSIN
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 328,573	$ 375,657
Mortgage loans on real estate, percentage	0.20%	0.29%
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 150,002,865	$ 120,108,297
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	12,401,775	9,941,313
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,619,250	1,156,157
Commercial Portfolio Segment [Member] | Apartment Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,604,934	1,816,870
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	729,603	112,494
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	3,676,396	2,348,639
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 4,771,592	$ 4,507,153

Note 2 - Investments - Mortga_2

Note 2 - Investments - Mortgage Loan to Value Ratios (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Mortgage loans on real estate	$ 162,404,640	$ 130,049,610
Residential Portfolio Segment [Member]
Mortgage loans on real estate	150,002,865	120,108,297
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	12,401,775	9,941,313
Loan to Value Range1 [Member]
Mortgage loans on real estate	42,882,569	23,485,657
Loan to Value Range1 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	42,607,615	23,205,637
Loan to Value Range1 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 274,954	280,020
Loan to Value Range1 [Member] | Minimum [Member]
Loan to value ratio	70.00%
Loan to Value Range1 [Member] | Maximum [Member]
Loan to value ratio	80.00%
Loan to Value Range 2 [Member]
Mortgage loans on real estate	$ 52,479,577	45,847,901
Loan to Value Range 2 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	50,158,843	43,631,465
Loan to Value Range 2 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 2,320,734	2,216,436
Loan to Value Range 2 [Member] | Minimum [Member]
Loan to value ratio	60.00%
Loan to Value Range 2 [Member] | Maximum [Member]
Loan to value ratio	70.00%
Loan to Value Range 3 [Member]
Mortgage loans on real estate	$ 30,258,112	25,643,012
Loan to Value Range 3 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	28,939,576	24,890,831
Loan to Value Range 3 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 1,318,536	752,181
Loan to Value Range 3 [Member] | Minimum [Member]
Loan to value ratio	50.00%
Loan to Value Range 3 [Member] | Maximum [Member]
Loan to value ratio	60.00%
Loan to Value Range 4 [Member]
Mortgage loans on real estate	$ 15,302,660	17,725,494
Loan to Value Range 4 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	13,160,306	16,055,231
Loan to Value Range 4 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 2,142,354	1,670,263
Loan to Value Range 4 [Member] | Minimum [Member]
Loan to value ratio	40.00%
Loan to Value Range 4 [Member] | Maximum [Member]
Loan to value ratio	50.00%
Loan to Value Range 5 [Member]
Mortgage loans on real estate	$ 9,824,642	9,325,713
Loan to Value Range 5 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	8,023,690	5,984,097
Loan to Value Range 5 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 1,800,952	3,341,616
Loan to Value Range 5 [Member] | Minimum [Member]
Loan to value ratio	30.00%
Loan to Value Range 5 [Member] | Maximum [Member]
Loan to value ratio	40.00%
Loan to Value Range 6 [Member]
Mortgage loans on real estate	$ 5,042,160	4,678,495
Loan to Value Range 6 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	3,806,361	3,249,410
Loan to Value Range 6 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 1,235,799	1,429,085
Loan to Value Range 6 [Member] | Minimum [Member]
Loan to value ratio	20.00%
Loan to Value Range 6 [Member] | Maximum [Member]
Loan to value ratio	30.00%
Loan to Value Range 7 [Member]
Mortgage loans on real estate	$ 5,985,483	2,484,814
Loan to Value Range 7 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	2,677,037	2,233,102
Loan to Value Range 7 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 3,308,446	251,712
Loan to Value Range 7 [Member] | Minimum [Member]
Loan to value ratio	10.00%
Loan to Value Range 7 [Member] | Maximum [Member]
Loan to value ratio	20.00%
Loan to Value Range 8 [Member]
Mortgage loans on real estate	$ 629,437	858,524
Loan to Value Range 8 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	629,437	858,524
Loan to Value Range 8 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate
Loan to Value Range 8 [Member] | Minimum [Member]
Loan to value ratio	0.00%
Loan to Value Range 8 [Member] | Maximum [Member]
Loan to value ratio	10.00%

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investment real estate, net	$ 1,951,759	$ 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	(1,486,159)	(1,340,671)
Investment real estate, net	781,398	926,886
Residential Real Estate - Held for Sale [Member]
Investment real estate	$ 212,046	$ 506,830

Note 2 - Investments - Lottery

Note 2 - Investments - Lottery Prize Cash Flows, by Contractual Maturity (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Due, amortized cost	$ 166,760,448	$ 134,414,517
Due, fair value	178,951,324	$ 131,152,199
Lottery Prize Cash Flows [Member]
Due in one year or less, amortized cost	10,803,287
Due in one year or less, fair value	11,016,206
Due in one year through five years, amortized cost	33,620,272
Due in one year through five years, fair value	37,653,046
Due after five years through ten years, amortized cost	19,714,267
Due after five years through ten years, fair value	25,799,501
Due after ten years, amortized cost	7,686,654
Due after ten years, fair value	13,766,266
Due, amortized cost	71,824,480
Due, fair value	$ 88,235,019

Note 2 - Investments - Lotter_2

Note 2 - Investments - Lottery Prize Cash Flows, by State Lottery (Details) - Lottery Prize Cash Flows [Member] - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Other Investments, Total	$ 71,824,480	$ 59,255,477
Other investments, percentage	100.00%	100.00%
Arizona1 [Member]
Other Investments, Total	$ 450,573	$ 360,333
Other investments, percentage	0.63%	0.61%
California1 [Member]
Other Investments, Total	$ 7,772,309	$ 4,656,712
Other investments, percentage	10.82%	7.86%
Colorado1 [Member]
Other Investments, Total	$ 41,000	$ 75,706
Other investments, percentage	0.06%	0.13%
Connecticut1 [Member]
Other Investments, Total	$ 2,670,153	$ 2,406,581
Other investments, percentage	3.72%	4.06%
Florida1 [Member]
Other Investments, Total	$ 92,145	$ 128,960
Other investments, percentage	0.13%	0.22%
Georgia1 [Member]
Other Investments, Total	$ 4,003,717	$ 3,263,364
Other investments, percentage	5.57%	5.51%
Illinois1 [Member]
Other Investments, Total	$ 458,280	$ 486,477
Other investments, percentage	0.64%	0.82%
Indiana1 [Member]
Other Investments, Total	$ 5,398,417	$ 1,259,879
Other investments, percentage	7.52%	2.13%
Maine [Member]
Other Investments, Total	$ 146,290	$ 176,637
Other investments, percentage	0.20%	0.30%
Massachusetts1 [Member]
Other Investments, Total	$ 15,481,300	$ 12,953,938
Other investments, percentage	21.55%	21.86%
Michigan1 [Member]
Other Investments, Total	$ 264,403	$ 279,911
Other investments, percentage	0.37%	0.47%
Missouri1 [Member]
Other Investments, Total	$ 100,406	$ 108,404
Other investments, percentage	0.14%	0.18%
New Jersey1 [Member]
Other Investments, Total	$ 175,493
Other investments, percentage	0.24%	0.00%
New York1 [Member]
Other Investments, Total	$ 24,807,063	$ 23,762,905
Other investments, percentage	34.54%	40.09%
Ohio1 [Member]
Other Investments, Total	$ 4,775,235	$ 4,748,535
Other investments, percentage	6.65%	8.01%
OREGON
Other Investments, Total	$ 144,013	$ 172,902
Other investments, percentage	0.20%	0.29%
Pennsylvania1 [Member]
Other Investments, Total	$ 1,753,190	$ 1,534,181
Other investments, percentage	2.44%	2.59%
Texas1 [Member]
Other Investments, Total	$ 2,673,036	$ 2,314,597
Other investments, percentage	3.72%	3.91%
VIRGINIA
Other Investments, Total	$ 70,671
Other investments, percentage	0.10%	0.00%
VERMONT
Other Investments, Total	$ 259,677	$ 271,609
Other investments, percentage	0.36%	0.46%
Washington [Member]
Other Investments, Total	$ 287,109	$ 293,846
Other investments, percentage	0.40%	0.50%

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements (Details Textual)	Dec. 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 ($)	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale securities	$ 179,204,248	$ 131,441,447
Fair Value, Recurring [Member]
Available-for-sale securities	51,900	90,580
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	51,900	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	1,669,033	2,704,711
US Treasury and Government [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	1,669,033	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	1,669,033	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	10,150,931	9,478,032
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	10,150,931	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	10,150,931	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	42,456	51,155
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	42,456	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	42,456	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	130,527,754	97,964,191
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	130,527,754	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	130,527,754	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	2,184,451	261,418
Asset-backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	2,184,451	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	2,184,451	261,418
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Exchange-traded Debt Securities [Member]
Available-for-sale securities	548,400
Exchange-traded Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	548,400
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	548,400
Exchange-traded Debt 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	33,828,299	20,692,692
Debt Security, Government, Non-US [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	33,828,299	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	33,828,299	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	178,951,324	131,152,199
Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	178,951,324	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	178,951,324	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	89,352	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	89,352	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	111,672	123,769
Common Stock [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	111,672	123,769
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	47,565	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	64,107	64,036
Equity Securities [Member]
Available-for-sale securities	201,024	198,668
Equity Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	201,024	198,668
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	47,565	59,733
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	89,352	74,899
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	$ 64,107	$ 64,036

Note 3 - Fair Value Measureme_5

Note 3 - Fair Value Measurements - Change in Fair Value of Available-for-sale Equity Securities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Beginning balance	$ 64,036	$ 61,500
Joint venture investment		10,200
Joint venture net income	115,357	63,046
Joint venture distribution	(115,286)	(55,710)
Equity security sale		(15,000)
Ending balance	$ 64,107	$ 64,036

Note 3 - Fair Value Measureme_6

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Policy loans	$ 2,026,301	$ 1,809,339
Accrued investment income	5,207,823	2,672,978
Policy claims	1,399,393	1,102,257
Reported Value Measurement [Member]
Policy loans	2,026,301	1,809,339
Short-term investments	1,831,087	896,371
Other long-term investments	71,824,480	59,255,477
Cash and cash equivalents	23,212,170	29,665,605
Accrued investment income	5,207,823	2,672,978
Total financial assets	266,506,501	224,349,380
Policyholders' account balances	363,083,838	297,168,411
Policy claims	1,399,393	1,102,257
Total financial liabilities	364,483,231	298,270,668
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	12,401,775	9,941,313
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	150,002,865	120,108,297
Estimate of Fair Value Measurement [Member]
Policy loans	2,026,301	1,809,339
Short-term investments	1,831,087	896,371
Other long-term investments	88,235,019	69,641,358
Cash and cash equivalents	23,212,170	29,665,605
Accrued investment income	5,207,823	2,672,978
Total financial assets	285,236,453	230,172,844
Policyholders' account balances	355,557,123	259,247,412
Policy claims	1,399,393	1,102,257
Total financial liabilities	356,956,516	260,349,669
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans
Short-term investments	1,831,087	896,371
Other long-term investments
Cash and cash equivalents	23,212,170	29,665,605
Accrued investment income
Total financial assets	25,043,257	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	2,026,301	1,809,339
Short-term investments
Other long-term investments	88,235,019	69,641,358
Cash and cash equivalents
Accrued investment income	5,207,823	2,672,978
Total financial assets	260,193,196	199,610,868
Policyholders' account balances	355,557,123	259,247,412
Policy claims	1,399,393	1,102,257
Total financial liabilities	356,956,516	260,349,669
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	12,280,704	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	12,280,704	9,698,226
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	152,443,349	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	$ 152,443,349	$ 115,788,967

Note 4 - Special Deposits (Deta

Note 4 - Special Deposits (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deposit Assets, Total	$ 4,434,662	$ 4,376,463
Other Assets, Fair Value Disclosure	$ 4,468,783	$ 4,292,657

Note 5 - Allowance for Loan L_3

Note 5 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 162,404,640	$ 130,049,610
Financing Receivable, Collectively Evaluated for Impairment	100,647,038	85,081,139
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance	505,378	424,166
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	798,753	823,645
Escrow Amount Available	489,965
Advances To Loan Originator	4,436,787
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	308,788	224,842
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	61,757,602	44,968,471
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 61,757,602	44,968,471
One Loan Originator [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available		598,803
Advances To Loan Originator		$ 4,942,870

Note 5 - Allowance for Loan L_4

Note 5 - Allowance for Loan Losses From Mortgage Loans On Real Estate - Allowance for Loss on Premium Financing (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Provision	$ 81,212	$ 81,351
Financing Receivable, Collectively Evaluated for Impairment	100,647,038	85,081,139
Residential Portfolio Segment [Member]
Allowance, beginning	374,209	333,789
Provision	68,848	40,420
Allowance, ending	443,057	374,209
Collectively evaluated for impairment	443,057	374,209
Financing Receivable, Collectively Evaluated for Impairment	88,245,263	75,139,826
Commercial Portfolio Segment [Member]
Allowance, beginning	49,957	9,026
Provision	12,364	40,931
Allowance, ending	62,321	49,957
Collectively evaluated for impairment	62,321	49,957
Financing Receivable, Collectively Evaluated for Impairment	12,401,775	9,941,313
Premium Finance Loans [Member]
Allowance, beginning	424,166	342,815
Provision	81,212	81,351
Allowance, ending	505,378	424,166
Collectively evaluated for impairment	505,378	424,166
Financing Receivable, Collectively Evaluated for Impairment	$ 100,647,038	$ 85,081,139

Note 6 - Deferred Policy Acqu_3

Note 6 - Deferred Policy Acquisition Costs - Deferred Acquisition Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Balance, beginning of year	$ 29,681,737	$ 24,555,902
Capitalization of commissions, sales and issue expenses	12,369,350	8,527,380
Amortization	(4,015,480)	(3,515,624)
Deferred acquisition costs allocated to investments	(29,968)	114,079
Balance, end of year	$ 38,005,639	$ 29,681,737

Note 7 - Federal Income Taxes_2

Note 7 - Federal Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%
Operating Loss Carryforwards, Total	$ 3,685,729
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 596,123	$ 753,915
Domestic Tax Authority [Member]
Open Tax Year	2016 2017 2018 2019

Note 7 - Federal Income Taxes -

Note 7 - Federal Income Taxes - Reconciliation of Federal Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Expected tax expense	$ 1,726,119	$ 1,386,896
Future policy benefits	208,197	27,253
Net operating losses	207,580	(66,779)
Alternative minimum taxes	164,432	15,401
Capital gain taxes	14,536	(55,464)
Difference in book versus tax basis of available-for-sale securities	9,721	60,083
Adjustment of prior years' taxes	(54,793)	(128,764)
Reinsurance recoverable	(205,559)	197,009
Other	49,663	26,486
Total federal income tax expense	$ 2,119,896	$ 1,462,121

Note 7 - Federal Income Taxes_3

Note 7 - Federal Income Taxes - Deferred Taxes (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred tax liabilities:
Net unrealized investment gains	$ 2,556,327
Deferred policy acquisition costs	6,463,579	5,161,165
Value of insurance business acquired	1,027,204	1,089,032
Reinsurance recoverable	241,362	446,921
Available-for-sale fixed maturity securities	78,207	80,409
Investment real estate	40,627	39,663
Due premiums	30,800	22,975
Other	13,544	435
Total deferred tax liabilities	10,451,650	6,840,600
Deferred tax assets:
Net unrealized investment losses		684,928
Policyholders' account balances and future policy benefits	3,181,433	2,342,777
Net operating loss carryforward	774,003	1,106,769
Alternative minimum tax carryforward		190,153
Mortgage loans	89,992	67,536
Available-for-sale equity securities	21,056	36,565
Policy claims	16,366	13,258
Unearned investment income	13,105	14,811
Dividend liability	9,777	10,325
Total deferred tax assets	4,105,732	4,467,122
Net deferred tax liabilities	$ 6,345,918	$ 2,373,478

Note 8 - Reinsurance (Details T

Note 8 - Reinsurance (Details Textual) - USD ($)	Dec. 31, 2019	Jan. 01, 2018
Reinsurance Life Insurance Maximum Exposure	$ 100,000
Percent Ceded	50.00%
Trinity Life Insurance Company [Member]
Percent Ceded		90.00%
The Assuming Offshore Company [Member]
Additional Percentage of Assets in Trust above Required Annuity Reserve	4.00%
Trinity American, Inc. ("TAI") [Member] | Trinity Life Insurance Company [Member]
Percent Ceded	100.00%
First Life America Corporation [Member
Reinsurance Life Insurance Maximum Exposure	$ 100,000

Note 8 - Reinsurance - Reinsura

Note 8 - Reinsurance - Reinsurance Assumed and Ceded (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Premiums assumed	$ 1,777,449	$ 457,512
Commissions and expense allowances assumed	1,413,057	194,908
Benefits assumed	8,001	33,694
Reserve credits assumed	1,279,582	343,140
In force amount assumed	41,056,032	17,863,123
Premiums ceded	71,936,037	30,445,152
Commissions and expense allowances ceded	2,670,202	1,051,766
Benefits ceded	1,208,109	356,806
Reserve credits ceded	103,142,179	30,686,404
In force amount ceded	$ 43,641,121	$ 77,653,688

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual)

Oct. 01, 2019USD ($)

Oct. 01, 2018USD ($)

Oct. 01, 2017USD ($)

Sep. 01, 2017

Oct. 01, 2016USD ($)

Jun. 01, 2016USD ($)a

Oct. 01, 2015USD ($)

Oct. 01, 2010USD ($)ft²

Sep. 01, 2010ft²

Jun. 30, 2014

Dec. 31, 2019USD ($)ft²a

Aug. 31, 2019USD ($)

Dec. 31, 2019USD ($)ft²a

Dec. 31, 2018USD ($)ft²a

Aug. 31, 2018USD ($)

Aug. 31, 2017USD ($)

Aug. 31, 2016USD ($)

Jun. 01, 2019USD ($)

Jun. 01, 2018USD ($)

Dec. 31, 2017USD ($)

Jun. 01, 2017USD ($)

Jan. 01, 2017

Dec. 31, 2016USD ($)

Jun. 30, 2016USD ($)

Dec. 31, 2015USD ($)

Sep. 01, 2015

Jan. 01, 2015ft²

Jun. 01, 2011ft²

Jan. 01, 2011USD ($)

Operating Leases, Rental Payments

$ 9,161

$ 8,920

$ 8,805

$ 8,630

$ 8,461

$ 7,897

Operating Lease, Expense

$ 97,489

$ 97,063

Operating Leases, Leasehold Improvement, Allowance

$ 54,152

$ 120,000

Operating Leases, Leasehold Improvement, Allowance Amortization

10,830

10,830

Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months

$ 82,446

$ 82,446

Topeka Kansas [Member] | Trinity Life Insurance Company [Member]

Area of Land | a

6.5

6.5

Topeka Kansas [Member] | Trinity Life Insurance Company [Member] | Lease Agreement for 20,000 Square Feet [Member]

Lessor, Operating Lease, Term of Contract

2 years

Office Building [Member] | Topeka Kansas [Member] | Trinity Life Insurance Company [Member]

Area of Real Estate Property

10,000

2,500

Lessee, Operating Lease, Term of Contract

5 years

5 years

3 years

Operating Leases, Rental Payments

$ 4,310

$ 4,293

$ 4,263

$ 4,242

$ 4,236

Operating Leases, Leasehold Improvement, Allowance

$ 88,833

Operating Lease, Monthly Payment Receivables

$ 18,299

$ 18,584

$ 18,508

$ 18,376

$ 16,598

Operating Leases, Notice to Terminate Term

120 days

120 days

90 days

Operating Lease, Allowance on Leasehold Improments, Interest Rate

5.00%

Lessor, Operating Lease, Payments to be Received, Next Twelve Months

223,008

$ 223,008

Lessor, Operating Lease, Payments to be Received, Two Years

92,920

92,920

Office Building [Member] | Topeka Kansas [Member] | Trinity Life Insurance Company [Member] | Lease Agreement for 20,000 Square Feet [Member]

Area of Real Estate Property | ft²

7,500

Lessor, Operating Lease, Renewal Term

2 years

Operating Lease, Monthly Payment Receivables

$ 8,696

$ 8,696

$ 8,696

$ 8,696

Office Building [Member] | Topeka Kansas [Member] | Trinity Life Insurance Company [Member] | Lease Agreement for 10,000 Square Feet [Member]

Area of Real Estate Property | ft²

10,000

Lessor, Operating Lease, Renewal Term

5 years

Operating Lease, Monthly Payment Receivables

$ 17,750

$ 17,750

Operating Leases, Notice to Terminate Term

180 days

Held for the Production of Income [Member] | Office Building [Member] | Topeka Kansas [Member] | Trinity Life Insurance Company [Member]

Area of Real Estate Property | ft²

20,000

20,000

20,000

Area of Land | a

6.5

Lease Agreement for 6,769 Square Feet of Office Space [Member]

Area of Real Estate Property | ft²

6,769

Lessee, Operating Lease, Term of Contract

5 years

5 years

Note 10 - Shareholders' Equit_2

Note 10 - Shareholders' Equity and Statutory Accounting Practices (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statutory Accounting Practices, Statutory Net Income Amount	$ (2,150,286)	$ 1,001,594
Statutory Accounting Practices, Statutory Capital and Surplus, Balance, Total	$ 9,185,113	7,400,476
Maximum Dividend Percent	10.00%
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments, Total	$ 918,511
Trinity Life Insurance Company [Member]
Statutory Accounting Practices, Statutory Net Income Amount	652,807	2,098,488
Statutory Accounting Practices, Statutory Capital and Surplus, Balance, Total	12,451,837	12,686,538
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments, Total	1,245,184
Trinity Life Insurance Company [Member] | First Trinity Financial Corporation [Member]
Payments of Dividends, Total	$ 0
Family Benefit Life Insurance Company [Member] | Trinity Life Insurance Company [Member]
Payments of Dividends, Total		$ 760,347

Note 11 - Segment Data - Segmen

Note 11 - Segment Data - Segment Data - Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total revenue	$ 49,776,695	$ 39,241,095
Income before income taxes	8,219,616	6,604,267
Depreciation and amortization expense	4,481,107	4,041,303
Life Insurance Operations [Member]
Total revenue	27,170,994	21,985,441
Income before income taxes	621,436	780,362
Depreciation and amortization expense	3,663,864	3,738,531
Annuity Operations [Member]
Total revenue	21,931,249	16,739,274
Income before income taxes	7,109,199	5,369,900
Depreciation and amortization expense	817,243	302,772
Corporate Segment [Member]
Total revenue	674,452	516,380
Income before income taxes	$ 488,981	$ 454,005

Note 11 - Segment Data - Assets

Note 11 - Segment Data - Assets (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Total assets	$ 604,936,374	$ 433,506,850
Life Insurance Operations [Member]
Total assets	99,612,420	69,756,013
Annuity Operations [Member]
Total assets	500,738,949	357,797,728
Corporate Segment [Member]
Total assets	$ 4,585,005	$ 5,953,109

Note 12 - Concentrations of C_2

Note 12 - Concentrations of Credit Risk (Details Textual)	Dec. 31, 2019USD ($)
Cash, FDIC Insured Amount	$ 250,000
Cash, Uninsured Amount	$ 18,089,331

Note 13 - Contingent Liabilit_2

Note 13 - Contingent Liabilities (Details Textual) - USD ($)	Feb. 17, 2017	Dec. 31, 2018
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] | FBLIC [Member]
Litigation Settlement, Amount Awarded to Other Party		$ 1,850,000

Note 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - Collateralized Loan to Related Party [Member] - Former Chairman of The Board of Directors [Member]	Apr. 15, 2019USD ($)shares
Due from Related Parties, Total | $	$ 400,000
Related Party Transaction Term	1 year
Related Party Transaction, Rate	5.00%
Related Party Transactions, Common Stock as Collateral | shares	100,000

Note 15 - Other Comprehensive_3

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Balance	$ 39,125,251	$ 41,252,179
Total other comprehensive income (loss)	12,193,291	(7,337,582)
Balance	57,418,262	39,125,251
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	12,998,677	(7,233,303)
Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax	781,711	194,401
Total other comprehensive income (loss)	12,216,966	(7,427,704)
Balance	9,632,323	(2,584,643)
Adjustment to Deferred Acquisition Costs [Member]
Balance	8,012	(82,110)
Other comprehensive income before reclassifications, net of tax	(23,675)	90,122
Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax
Total other comprehensive income (loss)	(23,675)	90,122
Balance	(15,663)	8,012
AOCI Attributable to Parent [Member]
Balance	(2,576,631)	4,760,951
Other comprehensive income before reclassifications, net of tax	12,975,002	(7,143,181)
Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax	781,711	194,401
Total other comprehensive income (loss)	12,193,291	(7,337,582)
Balance	$ 9,616,660	$ (2,576,631)

Note 15 - Other Comprehensive_4

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Unrealized holding gains (losses) arising during the period, pretax		$ 16,454,021	$ (9,087,572)
Unrealized holding gains (losses) arising during the period, income tax expense		3,455,344	(1,922,777)
Unrealized holding gains (losses) arising during the period, net of tax		12,998,677	(7,233,303)
Realized gains (losses) on sales of securities	[1]	989,507	246,078
Income tax expense (benefit)	[2]	207,796	51,677
Reclassification adjustment for net gains included in operation having no credit losses, net of tax		781,711	194,401
Net unrealized gains (losses) on investments, pretax		15,464,514	(9,402,158)
Net unrealized gains (losses) on investments, income tax expense		3,247,548	(1,974,454)
Net unrealized gains (losses) on investments, net of tax		12,216,966	(7,427,704)
Adjustment to deferred acquisition costs, pretax		(29,968)	114,079
Adjustment to deferred acquisition costs, income tax expense		(6,293)	23,957
Adjustment to deferred acquisition costs, net of tax		(23,675)	90,122
Total other comprehensive income (loss), pretax		15,434,546	(9,288,079)
Total other comprehensive income (loss), income tax expense		3,241,255	(1,950,497)
Total other comprehensive income (loss), net of tax		$ 12,193,291	$ (7,337,582)
[1]	These items appear within net realized investment gains in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 15 - Other Comprehensive_5

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Reclassified From Accumulated Other Comprehensive Income (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Realized gains (losses) on sales of securities	[1]	$ 989,507	$ 246,078
Income tax expense (benefit)	[2]	207,796	51,677
Total reclassification adjustments		$ 781,711	$ 194,401
[1]	These items appear within net realized investment gains in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 16 - Line of Credit (Detai

Note 16 - Line of Credit (Details Textual) - Line of Credit [Member] $ in Millions	Nov. 08, 2019USD ($)
Line of Credit Facility, Maximum Borrowing Capacity	$ 1.5
Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%