First Trinity Financial (FTFC) 10-Q 15 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 08, 2020
Document Information [Line Items]
Entity Registrant Name	First Trinity Financial Corp.
Entity Central Index Key	0001395585
Trading Symbol	ftfc
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(g) Security	Common Stock, $.01 Par Value
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		116,547
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		7,854,912

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Current Period Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Investments
Mortgage loans on real estate	$ 166,881,532	$ 162,404,640
Investment real estate	2,659,478	1,951,759
Policy loans	2,087,602	2,026,301
Short-term investments	1,832,872	1,831,087
Other long-term investments	73,146,105	71,824,480
Total investments	408,698,391	419,242,515
Cash and cash equivalents	16,728,153	23,212,170
Accrued investment income	5,348,548	5,207,823
Recoverable from reinsurers	3,455,756	1,244,733
Assets held in trust under coinsurance agreement	100,291,192	105,089,240
Agents' balances and due premiums	1,980,608	1,618,115
Deferred policy acquisition costs	39,199,188	38,005,639
Value of insurance business acquired	4,811,474	4,891,448
Other assets	11,018,287	6,424,691
Total assets	591,531,597	604,936,374
Policy liabilities
Policyholders' account balances	362,198,197	363,083,838
Future policy benefits	67,807,951	65,015,390
Policy claims	1,139,262	1,399,393
Other policy liabilities	84,921	132,975
Total policy liabilities	431,230,331	429,631,596
Funds withheld under coinsurance agreement	101,038,693	105,638,974
Deferred federal income taxes	3,752,091	6,345,918
Other liabilities	5,993,680	5,901,624
Total liabilities	542,014,795	547,518,112
Shareholders' equity
Additional paid-in capital	30,429,150	28,684,598
Treasury stock, at cost (247,580 shares as of March 31, 2020 and December 31, 2019)	(893,947)	(893,947)
Accumulated other comprehensive income (loss)	(820,296)	9,616,660
Accumulated earnings	20,719,705	19,930,449
Total shareholders' equity	49,516,802	57,418,262
Total liabilities and shareholders' equity	591,531,597	604,936,374
Common Class A [Member]
Shareholders' equity
Common stock	81,025	80,502
Common Class B [Member]
Shareholders' equity
Common stock	1,165
Debt Securities [Member]
Investments
Available-for-sale securities at fair value	161,876,414	178,951,324
Preferred Stock [Member]
Investments
Available-for-sale securities at fair value	49,600	51,900
Equity Securities [Member]
Investments
Equity securities at fair value (cost: $182,375 and $180,194 as of March 31, 2020 and December 31, 2019, respectively)	$ 164,788	$ 201,024

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Common stock, par value (in dollars per share)	$ 0.01
Treasury stock, shares (in shares)	247,580	247,580
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	20,000,000
Common stock, shares issued (in shares)	8,102,492	8,050,173
Common stock, shares outstanding (in shares)	7,854,912	7,802,593
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares authorized (in shares)	10,000,000
Common stock, shares issued (in shares)	116,547
Common stock, shares outstanding (in shares)	116,547
Debt Securities [Member]
Available-for-sale securities at cost	$ 162,916,429	$ 166,760,448
Preferred Stock [Member]
Available-for-sale securities at cost	49,945	49,945
Equity Securities [Member]
Equity securities, cost	$ 182,375	$ 180,194

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues
Premiums	$ 6,365,876	$ 5,530,806
Net investment income	6,269,843	5,573,456
Net realized investment gains	23,502	53,720
Service fees	10,871	427,734
Other income	13,414	38,984
Total revenues	12,683,506	11,624,700
Benefits and claims
Increase in future policy benefits	2,641,119	2,151,600
Death benefits	1,611,780	1,632,780
Surrenders	410,364	350,407
Interest credited to policyholders	3,063,245	2,550,672
Dividend, endowment and supplementary life contract benefits	82,699	68,669
Total benefits and claims	7,809,207	6,754,128
Policy acquisition costs deferred	(2,384,968)	(3,615,460)
Amortization of deferred policy acquisition costs	1,213,274	764,346
Amortization of value of insurance business acquired	79,974	81,447
Commissions	2,308,163	3,572,572
Other underwriting, insurance and acquisition expenses	2,641,472	2,265,575
Total expenses	3,857,915	3,068,480
Total benefits, claims and expenses	11,667,122	9,822,608
Income before total federal income tax expense	1,016,384	1,802,092
Current federal income tax expense	46,575	303,002
Deferred federal income tax expense	180,553	76,894
Total federal income tax expense	227,128	379,896
Net income	$ 789,256	$ 1,422,196
Common Class A [Member]
Net income per common share basic and diluted
Net income per common share basic and diluted (in dollars per share)	$ 0.0992	$ 0.1823
Common Class B [Member]
Net income per common share basic and diluted
Net income per common share basic and diluted (in dollars per share)	$ 0.0843

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Net income		$ 789,256	$ 1,422,196
Other Comprehensive Income (loss)
Total net unrealized gains (losses) arising during the period		(13,171,272)	5,127,250
Less net realized investment gains having no credit losses	[1]	61,919	40,075
Net unrealized gains (losses)		(13,233,191)	5,087,175
Less adjustment to deferred acquisition costs		(21,855)	12,497
Other comprehensive income (loss) before income tax expense (benefit)		(13,211,336)	5,074,678
Income tax expense (benefit)		(2,774,380)	1,065,684
Total other comprehensive income (loss)		(10,436,956)	4,008,994
Total comprehensive income (loss)		$ (9,647,700)	$ 5,431,190
[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 (Unaudited) - USD ($)	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2018	$ 80,502		$ 28,684,598	$ (893,947)	$ (2,576,631)	$ 13,830,729	$ 39,125,251
Net income						1,422,196	1,422,196
Other comprehensive income (loss)					4,008,994		4,008,994
Balance at Mar. 31, 2019	80,502		28,684,598	(893,947)	1,432,363	15,252,925	44,556,441
Balance at Dec. 31, 2019	80,502		28,684,598	(893,947)	9,616,660	19,930,449	57,418,262
Net income						789,256	789,256
Other comprehensive income (loss)					(10,436,956)		(10,436,956)
Acquisition of K-TENN Insurance Company	1,688		1,744,552				1,746,240
Recapitalization	(1,165)	1,165
Balance at Mar. 31, 2020	$ 81,025	$ 1,165	$ 30,429,150	$ (893,947)	$ (820,296)	$ 20,719,705	$ 49,516,802

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net income	$ 789,256	$ 1,422,196
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for depreciation	36,372	36,372
Accretion of discount on investments	(1,253,547)	(1,167,169)
Net realized investment gains	(23,502)	(53,720)
Amortization of policy acquisition cost	1,213,274	764,346
Policy acquisition costs deferred	(2,384,968)	(3,615,460)
Amortization of loan origination fees	5,117	7,460
Amortization of value of insurance business acquired	79,974	81,447
Allowance for mortgage loan losses	(1,860)	33,217
Provision for deferred federal income tax expense	180,553	76,894
Interest credited to policyholders	3,063,245	2,550,672
Change in assets and liabilities:
Policy loans	(60,256)	(25,467)
Short-term investments	(1,785)	(914,153)
Accrued investment income	(140,235)	(509,603)
Recoverable from reinsurers	(2,211,023)	(149,010)
Assets held in trust under coinsurance agreement	4,798,048	(19,715,191)
Agents' balances and due premiums	(358,507)	(102,830)
Other assets (excludes change in receivable for securities sold of $33,600 in 2019)	(4,593,135)	(1,152,822)
Future policy benefits	2,641,978	2,115,019
Policy claims	(260,131)	347,272
Other policy liabilities	(57,266)	5,338
Other liabilities (exclude change in payable for securities purchased of $575,435 and ($124,160) in 2020 and 2019, respectively)	(493,625)	16,749,404
Net cash provided by (used in) operating activities	967,977	(3,215,788)
Investing activities
Purchases of fixed maturity securities	(1,005,000)	(6,536,434)
Maturities of fixed maturity securities	200,000	2,600,000
Sales of fixed maturity securities	5,350,987	799,846
Purchases of equity securities	(29,220)	(27,784)
Acquisition of K-TENN Insurance Company	1,110,299
Joint venture distribution	27,039	23,824
Purchases of mortgage loans	(19,403,227)	(21,818,443)
Payments on mortgage loans	14,244,785	8,694,982
Purchases of other long-term investments	(3,258,188)	(5,629,292)
Payments on other long-term investments	3,284,263	2,850,460
Net change in receivable and payable for securities sold and purchased	575,435	(90,560)
Net cash provided by (used in) investing activities	1,097,173	(19,133,401)
Financing activities
Policyholders' account deposits	1,769,421	70,719,584
Policyholders' account withdrawals	(10,318,588)	(8,740,280)
Net cash provided by (used in) financing activities	(8,549,167)	61,979,304
Increase (decrease) in cash and cash equivalents	(6,484,017)	39,630,115
Cash and cash equivalents, beginning of period	23,212,170	29,665,605
Cash and cash equivalents, end of period	$ 16,728,153	$ 69,295,720

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Change in receivable for securities sold		$ 33,600
Change in payable of securities purchased	$ 575,435	$ (124,160)

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities	3 Months Ended
	Mar. 31, 2020
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 the three March 31, 2020 2019, $744,091 $99,218, In conjunction with this foreclosure, the non-cash impact on investing activities is summarized as follows: Three Months Ended Three Months Ended March 31, 2020 March 31, 2019 Reductions in mortgage loans due to foreclosure $ 744,091 $ 99,218 Investment real estate held-for-sale acquired through foreclosure (744,091 ) (99,218 ) Net cash used in investing activities $ - $ - On January 1, 2020, $1,916,281 $170,041. In conjunction with this 2020 March 31, 2020 Cash used in acquisition of K-TENN Insurance Company $ - Cash provided in acquisition of K-TENN Insurance Company 1,110,299 Increase in cash from acquisition of K-TENN Insurance Company 1,110,299 Fair value of assets acquired in acquisition of K-TENN Insurance Company (excluding cash) Available-for-sale fixed maturity securities 800,000 Policy loans 1,045 Accrued investment income 490 Due premiums 3,986 Other assets 461 Total fair value of assets acquired (excluding cash) 805,982 Fair value of liabilities assumed in acquisition of K-TENN Insurance Company Future policy benefits 150,583 Other policy liabilities 9,212 Other liabilities 10,246 Total fair value of liabilities assumed 170,041 Fair value of net assets acquired in acquisition of K-TENN Insurance Company (excluding cash) 635,941 Fair value of net assets acquired in acquisition of K-TENN Insurance Company (including cash) $ 1,746,240 See notes to consolidated financial statements (unaudited).

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Organization and Significant Accounting Policies Nature of Operations First Trinity Financial Corporation (the “Company” or “FTFC”) is the parent holding company of Trinity Life Insurance Company (“TLIC”), Family Benefit Life Insurance Company (“FBLIC”), 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. The Company has also purchased 247,580 $893,947 Acquisition s On December 23, 2008, 100% $2,695,234 $195,234. On December 31, 2008, 15 $250,000 6% On August 31, 2009, two On December 28, 2011, 100% $13,855,129. On April 28, 2015, $3,644,839 $3,055,916 $588,923. On April 3, 2018, 100% 2019. $250,000. Effective January 1, 2020, 100% 168,866 $1,746,240. $1,746,240 Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10 10 X. not The results of operations for the three March 31, 2020 not December 31, 2020 not 10 December 31, 2019. As a result of Coronavirus Disease 2019, March 11, 2020, Principles of Consolidation The consolidated financial statements include the accounts and operations of the Company and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation. Reclassifications Certain reclassifications have been made in the prior year and prior quarter financial statements to conform to current year and current quarter classifications. These reclassifications had no Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may may Common Stock Common stock is fully paid, non-assessable and has a par value of $.01 On October 2, 2019, 1. An amendment and restatement of FTFC’s Certificate of Incorporation to authorize 40,000,000 10,000,000 2. An amendment and restatement of FTFC’s Certificate of Incorporation to automatically reclassify each issued and outstanding share of our existing common stock as one 1 one 1 These proposals received Form A regulatory approval from the OID on February 27, 2020 December 31, 2019. March 12, 2020. March 12, 2020, one one 85% may one .85 100% Treasury Stock Treasury stock, representing shares of the Company’s common stock that have been reacquired after having been issued and fully paid, is recorded at the reacquisition cost and the shares are no Subsequent Events Effective April 1, 2020, 0% 90%. Management has evaluated all events subsequent to March 31, 2020 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 Company adopted this guidance in first 2020. 2020 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 The Company adopted this guidance in first 2020. 2020 not Income Taxes - Simplifying the Accounting for Income Taxes December 2019, 2019 12 March 31, 2021. not

Note 2 - Investments

Note 2 - Investments	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. Investments Investments in fixed maturity and preferred stock available-for-sale and equity securities as of March 31, 2020 December 31, 2019 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value March 31, 2020 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 1,679,790 $ 3,497 $ - $ 1,683,287 States and political subdivisions 9,317,430 720,408 - 10,037,838 Residential mortgage-backed securities 18,043 15,291 - 33,334 Corporate bonds 117,044,796 5,155,796 5,415,004 116,785,588 Asset-backed securities 2,082,445 8,330 107,083 1,983,692 Exchange traded securities 500,000 - 200,000 300,000 Foreign bonds 31,473,925 973,199 2,194,449 30,252,675 Certificate of deposits 800,000 - - 800,000 Total fixed maturity securities 162,916,429 6,876,521 7,916,536 161,876,414 Preferred stock 49,945 - 345 49,600 Equity securities Mutual funds 91,981 - 21,713 70,268 Corporate common stock 90,394 4,126 - 94,520 Total equity securities 182,375 4,126 21,713 164,788 Total fixed maturity, preferred stock and equity securities $ 163,148,749 $ 6,880,647 $ 7,938,594 $ 162,090,802 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 securities 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 All securities in an unrealized loss position as of the financial statement dates, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position as of March 31, 2020 December 31, 2019 Unrealized Number of Fair Value Loss Securities March 31, 2020 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position Corporate bonds $ 46,202,498 $ 4,859,166 159 Asset-backed securities 1,270,692 107,083 4 Exchange traded securities 300,000 200,000 2 Foreign bonds 12,033,032 1,393,462 38 Total less than 12 months in an unrealized loss position 59,806,222 6,559,711 203 More than 12 months in an unrealized loss position Corporate bonds 523,430 555,838 5 Foreign bonds 623,575 800,987 4 Total more than 12 months in an unrealized loss position 1,147,005 1,356,825 9 Total fixed maturity securities in an unrealized loss position 60,953,227 7,916,536 212 Preferred stock, less than 12 months in an unrealized loss position 49,600 345 1 Equity securities (mutual funds), less than 12 months in an unrealized loss position 70,268 21,713 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 61,073,095 $ 7,938,594 $ 214 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 As of March 31, 2020, 212 $7,916,536, $60,953,227 $68,869,763. March 31, 2020. 212 89%. As of December 31, 2019, 24 $521,271, $7,357,453 $7,878,724. December 31, 2019. 24 93%. As of March 31, 2020, one $21,713, $70,268 $91,981. 76%. As of December 31, 2019, one $2,629, $89,352 $91,981. 97%. As of March 31, 2020, one $345, $49,600 $49,945. 99%. Fixed maturity securities were 97% March 31, 2020 December 31, 2019. The Company’s decision to record an impairment loss is primarily based on whether the security’s fair value is likely to remain significantly below its book value based on all of the factors considered. Factors that are considered include the length of time the security’s fair value has been below its carrying amount, the severity of the decline in value, the credit worthiness of the issuer, and the coupon and/or dividend payment history of the issuer. The Company also assesses whether it intends to sell or whether it is more likely than not may For any fixed maturity securities that are other-than-temporarily impaired, the Company determines the portion of the other-than-temporary impairment that is credit-related and the portion that is related to other factors. The credit-related portion is the difference between the expected future cash flows and the amortized cost basis of the fixed maturity security, and that difference is charged to earnings. The non-credit-related portion representing the remaining difference to fair value is recognized in other comprehensive income (loss). Only in the case of a credit-related impairment where management has the intent to sell the security, or it is more likely than not There were no three March 31, 2020 2019. Management believes that the Company will fully recover its cost basis in the securities held as of March 31, 2020, 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 March 31, 2020 December 31, 2019, (Unaudited) March 31, 2020 December 31, 2019 Unrealized appreciation (depreciation) on available-for-sale securities $ (1,040,360 ) $ 12,192,831 Adjustment to deferred acquisition costs 2,011 (19,844 ) Deferred income taxes 218,053 (2,556,327 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (820,296 ) $ 9,616,660 The Company’s investment in lottery prize cash flows categorized as other long-term investments in the statement of financial position was $73,146,105 $71,824,480 March 31, 2020 December 31, 2019, The amortized cost and fair value of fixed maturity available-for-sale securities and other long-term investments as of March 31, 2020, March 31, 2020 (Unaudited) Fixed Maturity Available-For-Sale Securities Other Long-Term Investments Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,664,450 $ 2,655,860 $ 11,233,730 $ 11,466,462 Due after one year through five years 26,292,616 24,761,240 35,104,570 39,433,436 Due after five years through ten years 55,372,399 54,289,104 19,387,198 25,495,424 Due after ten years 78,568,921 80,136,876 7,420,607 13,500,163 Due at multiple maturity dates 18,043 33,334 - - $ 162,916,429 $ 161,876,414 $ 73,146,105 $ 89,895,485 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 for the three March 31, 2020 2019 Three Months Ended March 31, (Unaudited) Fixed Maturity Securities 2020 2019 Proceeds $ 5,550,987 $ 3,399,846 Gross realized gains 65,309 44,555 Gross realized losses (3,390 ) (4,480 ) The accumulated change in unrealized investment gains (losses) for fixed maturity and preferred stock available-for-sale for the three March 31, 2020 2019 three March 31, 2020 2019 Three Months Ended March 31, (Unaudited) 2020 2019 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (13,230,891 ) $ 5,077,355 Preferred stock (2,300 ) 9,820 Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 61,919 40,075 Equity securities, changes in fair value (38,417 ) 13,645 Major categories of net investment income for the three March 31, 2020 2019 Three Months Ended March 31, (Unaudited) 2020 2019 Fixed maturity securities $ 1,838,382 $ 1,529,476 Preferred stock and equity securities 32,323 34,218 Other long-term investments 1,347,138 1,150,757 Mortgage loans 3,570,405 3,182,848 Policy loans 37,707 32,273 Real estate 68,682 64,296 Short-term and other investments 24,537 244,840 Gross investment income 6,919,174 6,238,708 Investment expenses (649,331 ) (665,252 ) Net investment income $ 6,269,843 $ 5,573,456 TLIC and FBLIC are required to hold assets on deposit with various state insurance departments for the benefit of policyholders and other special deposits in accordance with statutory rules and regulations. As of March 31, 2020 December 31, 2019, $4,798,357 $4,434,662, March 31, 2020 December 31, 2019, $4,844,525 $4,468,783, The Company’s mortgage loans by property type as of March 31, 2020 December 31, 2019 (Unaudited) March 31, 2020 December 31, 2019 Residential mortgage loans $ 153,328,603 $ 150,002,865 Commercial mortgage loans by property type Apartment 964,351 1,604,934 Industrial 1,605,214 1,619,250 Lodging 729,042 729,603 Office building 4,322,652 3,676,396 Retail 5,931,670 4,771,592 Total commercial mortgage loans by property type 13,552,929 12,401,775 Total mortgage loans $ 166,881,532 $ 162,404,640 There were 35 $5,727,927 90 March 31, 2020. 23 $4,427,317 90 December 31, 2019. There were no March 31, 2020. $1,691,980 December 31, 2019 not The Company’s investment real estate as of March 31, 2020 December 31, 2019 (Unaudited) March 31, 2020 December 31, 2019 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 (1,522,531 ) (1,486,159 ) Buildings net of accumulated depreciation 745,026 781,398 Residential real estate - held for sale 956,137 212,046 Total residential real estate 956,137 212,046 Investment real estate, net of accumulated depreciation $ 2,659,478 $ 1,951,759 TLIC owns approximately six one 20,000 one fourth one four three one During 2020 two $744,091 2019, one $99,218

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	3. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) on the measurement date. The Company also considers the impact on fair value of a significant decrease in volume and level of activity for an asset or liability when compared with normal activity. The Company holds fixed maturity, preferred stock and equity securities that are measured and reported at fair market value on the statement of financial position. The Company determines the fair market values of its financial instruments based on the fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three may Level 1 1 Level 2 1 not 2 Level 3 no 3 not The Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into the three A review of fair value hierarchy classifications is conducted on a quarterly basis. Changes in the valuation inputs, or their ability to be observed, may 3 3 The Company’s fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of March 31, 2020 December 31, 2019 Level 1 Level 2 Level 3 Total March 31, 2020 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 1,683,287 $ - $ 1,683,287 States and political subdivisions - 10,037,838 - 10,037,838 Residential mortgage-backed securities - 33,334 - 33,334 Corporate bonds - 116,785,588 - 116,785,588 Asset-backed securities - 1,983,692 - 1,983,692 Exchange traded securities - 300,000 - 300,000 Foreign bonds - 30,252,675 - 30,252,675 Certificate of deposits - 800,000 - 800,000 Total fixed maturity securities $ - $ 161,876,414 $ - $ 161,876,414 Preferred stock, available-for-sale $ 49,600 $ - $ - $ 49,600 Equity securities Mutual funds $ - $ 70,268 $ - $ 70,268 Corporate common stock 28,232 - 66,288 94,520 Total equity securities $ 28,232 $ 70,268 $ 66,288 $ 164,788 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 securities - 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 As of March 31, 2020 December 31, 2019, 3 two no These private placement common stocks represent investments in small insurance holding companies. The fair value for these securities was determined through the use of unobservable assumptions about market participants. The Company has assumed a willing market participant would purchase the securities for the same price as the Company paid until such time as these small insurance holding companies commence significant operations. The joint venture investment with a mortgage loan originator is accounted for under the equity method of accounting. Fair values for Level 1 2 third third The Company analyzes market valuations received to verify reasonableness and to understand the key assumptions used and the sources. Since the fixed maturity securities owned by the Company do not third 2 2 The Company’s preferred stock is included in Level 1 1 2 3. 1 2 not The Company’s fixed maturity and preferred stock available-for-sale securities and equity securities are highly liquid and allows for a high percentage of the portfolio to be priced through pricing services. The change in the fair value of the Company’s Level 3 three March 31, 2020 March 31, 2019 Unaudited Three Months Ended March 31, 2020 2019 Beginning balance $ 64,107 $ 64,036 Joint venture net income 29,220 27,784 Joint venture distribution (27,039 ) (23,824 ) Ending balance $ 66,288 $ 67,996 The carrying amount and fair value of the Company’s financial assets and financial liabilities disclosed, but not March 31, 2020 December 31, 2019, Financial instruments disclosed, but not Carrying Fair Amount Value Level 1 Level 2 Level 3 March 31, 2020 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 13,552,929 $ 13,043,147 $ - $ - $ 13,043,147 Residential 153,328,603 166,202,080 - - 166,202,080 Policy loans 2,087,602 2,087,602 - - 2,087,602 Short-term investments 1,832,872 1,832,872 1,832,872 - - Other long-term investments 73,146,105 89,895,485 - - 89,895,485 Cash and cash equivalents 16,728,153 16,728,153 16,728,153 - - Accrued investment income 5,348,548 5,348,548 - - 5,348,548 Total financial assets $ 266,024,812 $ 295,137,887 $ 18,561,025 $ - $ 276,576,862 Financial liabilities Policyholders' account balances $ 362,198,197 $ 383,873,719 $ - $ - $ 383,873,719 Policy claims 1,139,262 1,139,262 - - 1,139,262 Total financial liabilities $ 363,337,459 $ 385,012,981 $ - $ - $ 385,012,981 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 The estimated fair value amounts have been determined using available market information and appropriate valuation methodologies. However, considerable judgment was required to interpret market data to develop these estimates. Accordingly, the estimates are not may The following methods and assumptions were used in estimating the fair value disclosures for financial instruments in the accompanying financial statements and notes thereto: Fixed Maturity Securities , Preferred Stock and Equity Securities The fair value of fixed maturity securities and equity securities are based on the principles previously discussed as Level 1, 2 3. Mortgage Loans on Real Estate The fair values for mortgage loans are estimated using discounted cash flow analyses. For residential mortgage loans, the discount rate used was indexed to the LIBOR yield curve adjusted for an appropriate credit spread. For commercial (includes apartment, industrial, lodging, office building and retail) mortgage loans, the discount rate used was assumed to be the interest rate on the last commercial mortgage acquired by the Company. Cash and Cash Equivalents, Short-Term Investments, Accrued Investment Income and Policy Loans The carrying value of these financial instruments approximates their fair values. Cash and cash equivalents and short-term investments are included in Level 1 Other Long-Term Investments Other long-term investments are comprised of lottery prize receivables and fair value is derived by using a discounted cash flow approach. Projected cash flows are discounted using the average FTSE Pension Liability Index in effect at the end of each period. Investment Contracts – Policyholders’ Account Balances The fair value for liabilities under investment-type insurance contracts (accumulation annuities) is calculated using a discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using risk-free rates adjusted for credit risk and the nonperformance risk of the liabilities. The fair values for insurance contracts other than investment-type contracts are not Policy Claims The carrying amounts reported for these liabilities approximate their fair value.

Note 4 - Segment Data

Note 4 - Segment Data	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	4. Segment Data The Company has a life insurance segment, consisting of the life insurance operations of TLIC and FBLIC, an annuity segment, consisting of the annuity operations of TLIC and FBLIC and a corporate segment. Results for the parent company and the operations of FTCC, after elimination of intercompany amounts, are allocated to the corporate segment. These segments as of March 31, 2020 December 31, 2019 three March 31, 2020 2019 Three Months Ended March 31, (Unaudited) 2020 2019 Revenues: Life insurance operations $ 7,325,468 $ 6,471,048 Annuity operations 5,220,251 4,970,032 Corporate operations 137,787 183,620 Total $ 12,683,506 $ 11,624,700 Income before income taxes: Life insurance operations $ 64,404 $ 197,559 Annuity operations 911,918 1,502,612 Corporate operations 40,062 101,921 Total $ 1,016,384 $ 1,802,092 Depreciation and amortization expense: Life insurance operations $ 1,032,387 $ 830,461 Annuity operations 302,350 59,164 Total $ 1,334,737 $ 889,625 (Unaudited) March 31, 2020 December 31, 2019 Assets: Life insurance operations $ 100,203,463 $ 99,612,420 Annuity operations 487,458,536 500,738,949 Corporate operations 3,869,598 4,585,005 Total $ 591,531,597 $ 604,936,374

Note 5 - Federal Income Taxes

Note 5 - Federal Income Taxes	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	5. Federal Income Taxes The provision for federal income taxes is based on the asset and liability method of accounting for income taxes. Deferred income taxes are provided for the cumulative temporary differences between balances of assets and liabilities determined under GAAP and the balances using tax bases. The Company has no not not 2016 2019

Note 6 - Legal Matters and Cont

Note 6 - Legal Matters and Contingent Liabilities	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Contingencies Disclosure [Text Block]	6 . Legal Matters and Contingent Liabilities A lawsuit filed by the Company and Chairman, President and Chief Executive Officer, Gregg E. Zahn, 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 Guaranty fund assessments, brought about by the insolvency of life and health insurers, are levied at the discretion of the various state guaranty fund associations to cover association obligations. In most states, guaranty fund assessments may five

Note 7 - Other Comprehensive In

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	7 . Ot her Comprehensive Income (Loss) and Accumulated O ther Comprehensive Income (Loss) The changes in the components of the Company’s accumulated other comprehensive income (loss) for the three March 31, 2020 2019 Three Months Ended March 31, 2020 and 2019 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2020 $ 9,632,323 $ (15,663 ) $ 9,616,660 Other comprehensive loss before reclassifications, net of tax (10,405,305 ) 17,265 (10,388,040 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 48,916 - 48,916 Other comprehensive loss (10,454,221 ) 17,265 (10,436,956 ) Balance as of March 31, 2020 $ (821,898 ) $ 1,602 $ (820,296 ) Balance as of January 1, 2019 $ (2,584,643 ) $ 8,012 $ (2,576,631 ) Other comprehensive income before reclassifications, net of tax 4,050,528 (9,874 ) 4,040,654 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax 31,660 - 31,660 Other comprehensive income 4,018,868 (9,874 ) 4,008,994 Balance as of March 31, 2019 $ 1,434,225 $ (1,862 ) $ 1,432,363 The pretax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit) for each component for the three March 31, 2020 2019 Income Tax Pretax Expense (Benefit) Net of Tax Three Months Ended March 31, 2020 (Unaudited) Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (13,171,272 ) $ (2,765,967 ) $ (10,405,305 ) Reclassification adjustment for net gains included in operations having no credit losses 61,919 13,003 48,916 Net unrealized losses on investments (13,233,191 ) (2,778,970 ) (10,454,221 ) Adjustment to deferred acquisition costs 21,855 4,590 17,265 Total other comprehensive loss $ (13,211,336 ) $ (2,774,380 ) $ (10,436,956 ) Three Months Ended March 31, 2019 (Unaudited) Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 5,127,250 $ 1,076,722 $ 4,050,528 Reclassification adjustment for net gains included in operations having no credit losses 40,075 8,415 31,660 Net unrealized gains on investments 5,087,175 1,068,307 4,018,868 Adjustment to deferred acquisition costs (12,497 ) (2,623 ) (9,874 ) Total other comprehensive income $ 5,074,678 $ 1,065,684 $ 4,008,994 Realized gains and losses on the sales of investments are determined based upon the specific identification method and include provisions for other-than-temporary impairments where appropriate. The pretax and the related income tax components of the amounts reclassified from the Company’s accumulated other comprehensive income (loss) to the Company’s consolidated statement of operations for the three March 31, 2020 2019 Three Months Ended March 31, (Unaudited) Reclassification Adjustments 2020 2019 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains on sales of securities (a) $ 61,919 $ 40,075 Income tax expense (b) 13,003 8,415 Total reclassification adjustments $ 48,916 $ 31,660 (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 8 - Allowance for Loan Los

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Premiums Receivable Note [Text Block]	8 . Allowance for Loan Losses from Mortgage Loans on Real Estate The allowance for possible loan losses from investments in mortgage loans on real estate is a reserve established through a provision for possible loan losses charged to expense which represents, in the Company’s judgment, the known and inherent credit losses existing in the mortgage loan portfolio. The allowance, in the judgment of the Company, is necessary to reserve for estimated loan losses inherent in the mortgage loan portfolio and reduces the carrying value of investments in mortgage loans on real estate to the estimated net realizable value on the consolidated statement of financial position. While the Company utilizes its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond the Company’s control, including the performance of the mortgage loan portfolio, the economy and changes in interest rates. The Company’s allowance for possible mortgage loan losses consists of specific valuation allowances established for probable losses on specific loans and a portfolio reserve for probable incurred but not Mortgage loans are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the mortgage loan agreement. Factors considered by the Company in determining impairment include payment status, collateral value of the real estate subject to the mortgage loan, and the probability of collecting scheduled principal and interest payments when due. Mortgage loans that experience insignificant payment delays and payment shortfalls generally are not The Company determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the mortgage loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis. As of March 31, 2020, $808,028 third March 31, 2020, $480,196 $4,717,541 March 31, 2020 $327,832 $66,609,678 $503,518 $100,271,854 March 31, 2020. 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. The balances of and changes in the Company’s credit losses related to mortgage loans on real estate as of and for the three March 31, 2020 2019 $66,609,678 $51,127,965 March 31, 2020 2019, one third As of and for the Three Months Ended March 31, (Unaudited) Residential Mortgage Loans Commercial Mortgage Loans Total 2020 2019 2020 2019 2020 2019 Allowance, beginning $ 443,057 $ 374,209 $ 62,321 $ 49,957 $ 505,378 $ 424,166 Charge offs - - - - - - Recoveries - - - - - - Provision (7,644 ) 31,339 5,784 1,878 (1,860 ) 33,217 Allowance, ending $ 435,413 $ 405,548 $ 68,105 $ 51,835 $ 503,518 $ 457,383 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 435,413 $ 405,548 $ 68,105 $ 51,835 $ 503,518 $ 457,383 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 86,718,925 $ 81,739,302 $ 13,552,929 $ 10,315,019 $ 100,271,854 $ 92,054,321 The Company utilizes the ratio of the carrying value of individual residential and commercial mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). The Company’s residential and commercial mortgage loans on real estate by credit quality using this ratio as of March 31, 2020 December 31, 2019 Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Over 70% to 80% $ 45,759,251 $ 42,607,615 $ 273,446 $ 274,954 $ 46,032,697 $ 42,882,569 Over 60% to 70% 50,222,292 50,158,843 1,789,787 2,320,734 52,012,079 52,479,577 Over 50% to 60% 28,572,276 28,939,576 2,159,117 1,318,536 30,731,393 30,258,112 Over 40% to 50% 13,369,016 13,160,306 2,122,389 2,142,354 15,491,405 15,302,660 Over 30% to 40% 8,711,066 8,023,690 1,166,313 1,800,952 9,877,379 9,824,642 Over 20% to 30% 3,076,206 3,806,361 2,694,374 1,235,799 5,770,580 5,042,160 Over 10% to 20% 2,711,189 2,677,037 3,297,865 3,308,446 6,009,054 5,985,483 10% or less 907,307 629,437 49,638 - 956,945 629,437 Total $ 153,328,603 $ 150,002,865 $ 13,552,929 $ 12,401,775 $ 166,881,532 $ 162,404,640

Note 9 - Coinsurance

Note 9 - Coinsurance	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Reinsurance [Text Block]	9. Coinsurance Effective January 1, 2018, 90% December 31, 2017 In accordance with this annuity coinsurance agreement, TLIC holds assets and recognizes a funds withheld liability for the benefit of the assuming company in an amount at least equal to the annuity reserves in accordance with U.S. statutory accounting principles generated by this ceded business with a corresponding funds withheld liability recorded. In addition, the assuming company maintains a trust related to this ceded business amounting to at least an additional 4% may 30

Note 10 - Line of Credit

Note 10 - Line of Credit	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	1 0 . Line of Credit On November 8, 2019, $1.5 September 15, 2020. 1% 360 5%. No March 31, 2020 December 31, 2019.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
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. The Company has also purchased 247,580 $893,947
Business Combinations Policy [Policy Text Block]	Acquisition s On December 23, 2008, 100% $2,695,234 $195,234. On December 31, 2008, 15 $250,000 6% On August 31, 2009, two On December 28, 2011, 100% $13,855,129. On April 28, 2015, $3,644,839 $3,055,916 $588,923. On April 3, 2018, 100% 2019. $250,000. Effective January 1, 2020, 100% 168,866 $1,746,240. $1,746,240
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10 10 X. not The results of operations for the three March 31, 2020 not December 31, 2020 not 10 December 31, 2019. As a result of Coronavirus Disease 2019, March 11, 2020,
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, Comparability Adjustment [Policy Text Block]	Reclassifications Certain reclassifications have been made in the prior year and prior quarter financial statements to conform to current year and current quarter classifications. These reclassifications had no
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may may
Common Stock Policy [Policy Text Block]	Common Stock Common stock is fully paid, non-assessable and has a par value of $.01 On October 2, 2019, 1. An amendment and restatement of FTFC’s Certificate of Incorporation to authorize 40,000,000 10,000,000 2. An amendment and restatement of FTFC’s Certificate of Incorporation to automatically reclassify each issued and outstanding share of our existing common stock as one 1 one 1 These proposals received Form A regulatory approval from the OID on February 27, 2020 December 31, 2019. March 12, 2020. March 12, 2020, one one 85% may one .85 100%
Treasury Stock [Policy Text Block]	Treasury Stock Treasury stock, representing shares of the Company’s common stock that have been reacquired after having been issued and fully paid, is recorded at the reacquisition cost and the shares are no
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Effective April 1, 2020, 0% 90%. Management has evaluated all events subsequent to March 31, 2020
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 Company adopted this guidance in first 2020. 2020 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 The Company adopted this guidance in first 2020. 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 Operating, Investing and Financing Activities (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Three Months Ended Three Months Ended March 31, 2020 March 31, 2019 Reductions in mortgage loans due to foreclosure $ 744,091 $ 99,218 Investment real estate held-for-sale acquired through foreclosure (744,091 ) (99,218 ) Net cash used in investing activities $ - $ -
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	March 31, 2020 Cash used in acquisition of K-TENN Insurance Company $ - Cash provided in acquisition of K-TENN Insurance Company 1,110,299 Increase in cash from acquisition of K-TENN Insurance Company 1,110,299 Fair value of assets acquired in acquisition of K-TENN Insurance Company (excluding cash) Available-for-sale fixed maturity securities 800,000 Policy loans 1,045 Accrued investment income 490 Due premiums 3,986 Other assets 461 Total fair value of assets acquired (excluding cash) 805,982 Fair value of liabilities assumed in acquisition of K-TENN Insurance Company Future policy benefits 150,583 Other policy liabilities 9,212 Other liabilities 10,246 Total fair value of liabilities assumed 170,041 Fair value of net assets acquired in acquisition of K-TENN Insurance Company (excluding cash) 635,941 Fair value of net assets acquired in acquisition of K-TENN Insurance Company (including cash) $ 1,746,240

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value March 31, 2020 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 1,679,790 $ 3,497 $ - $ 1,683,287 States and political subdivisions 9,317,430 720,408 - 10,037,838 Residential mortgage-backed securities 18,043 15,291 - 33,334 Corporate bonds 117,044,796 5,155,796 5,415,004 116,785,588 Asset-backed securities 2,082,445 8,330 107,083 1,983,692 Exchange traded securities 500,000 - 200,000 300,000 Foreign bonds 31,473,925 973,199 2,194,449 30,252,675 Certificate of deposits 800,000 - - 800,000 Total fixed maturity securities 162,916,429 6,876,521 7,916,536 161,876,414 Preferred stock 49,945 - 345 49,600 Equity securities Mutual funds 91,981 - 21,713 70,268 Corporate common stock 90,394 4,126 - 94,520 Total equity securities 182,375 4,126 21,713 164,788 Total fixed maturity, preferred stock and equity securities $ 163,148,749 $ 6,880,647 $ 7,938,594 $ 162,090,802 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 securities 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
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of Fair Value Loss Securities March 31, 2020 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position Corporate bonds $ 46,202,498 $ 4,859,166 159 Asset-backed securities 1,270,692 107,083 4 Exchange traded securities 300,000 200,000 2 Foreign bonds 12,033,032 1,393,462 38 Total less than 12 months in an unrealized loss position 59,806,222 6,559,711 203 More than 12 months in an unrealized loss position Corporate bonds 523,430 555,838 5 Foreign bonds 623,575 800,987 4 Total more than 12 months in an unrealized loss position 1,147,005 1,356,825 9 Total fixed maturity securities in an unrealized loss position 60,953,227 7,916,536 212 Preferred stock, less than 12 months in an unrealized loss position 49,600 345 1 Equity securities (mutual funds), less than 12 months in an unrealized loss position 70,268 21,713 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 61,073,095 $ 7,938,594 $ 214 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
Unrealized Gain (Loss) on Investments [Table Text Block]	(Unaudited) March 31, 2020 December 31, 2019 Unrealized appreciation (depreciation) on available-for-sale securities $ (1,040,360 ) $ 12,192,831 Adjustment to deferred acquisition costs 2,011 (19,844 ) Deferred income taxes 218,053 (2,556,327 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (820,296 ) $ 9,616,660
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended March 31, (Unaudited) Fixed Maturity Securities 2020 2019 Proceeds $ 5,550,987 $ 3,399,846 Gross realized gains 65,309 44,555 Gross realized losses (3,390 ) (4,480 )
Investment Income [Table Text Block]	Three Months Ended March 31, (Unaudited) 2020 2019 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (13,230,891 ) $ 5,077,355 Preferred stock (2,300 ) 9,820 Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 61,919 40,075 Equity securities, changes in fair value (38,417 ) 13,645 Three Months Ended March 31, (Unaudited) 2020 2019 Fixed maturity securities $ 1,838,382 $ 1,529,476 Preferred stock and equity securities 32,323 34,218 Other long-term investments 1,347,138 1,150,757 Mortgage loans 3,570,405 3,182,848 Policy loans 37,707 32,273 Real estate 68,682 64,296 Short-term and other investments 24,537 244,840 Gross investment income 6,919,174 6,238,708 Investment expenses (649,331 ) (665,252 ) Net investment income $ 6,269,843 $ 5,573,456
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Unaudited) March 31, 2020 December 31, 2019 Residential mortgage loans $ 153,328,603 $ 150,002,865 Commercial mortgage loans by property type Apartment 964,351 1,604,934 Industrial 1,605,214 1,619,250 Lodging 729,042 729,603 Office building 4,322,652 3,676,396 Retail 5,931,670 4,771,592 Total commercial mortgage loans by property type 13,552,929 12,401,775 Total mortgage loans $ 166,881,532 $ 162,404,640
Schedule of Real Estate Properties [Table Text Block]	(Unaudited) March 31, 2020 December 31, 2019 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 (1,522,531 ) (1,486,159 ) Buildings net of accumulated depreciation 745,026 781,398 Residential real estate - held for sale 956,137 212,046 Total residential real estate 956,137 212,046 Investment real estate, net of accumulated depreciation $ 2,659,478 $ 1,951,759
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	March 31, 2020 (Unaudited) Fixed Maturity Available-For-Sale Securities Other Long-Term Investments Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,664,450 $ 2,655,860 $ 11,233,730 $ 11,466,462 Due after one year through five years 26,292,616 24,761,240 35,104,570 39,433,436 Due after five years through ten years 55,372,399 54,289,104 19,387,198 25,495,424 Due after ten years 78,568,921 80,136,876 7,420,607 13,500,163 Due at multiple maturity dates 18,043 33,334 - - $ 162,916,429 $ 161,876,414 $ 73,146,105 $ 89,895,485

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total March 31, 2020 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 1,683,287 $ - $ 1,683,287 States and political subdivisions - 10,037,838 - 10,037,838 Residential mortgage-backed securities - 33,334 - 33,334 Corporate bonds - 116,785,588 - 116,785,588 Asset-backed securities - 1,983,692 - 1,983,692 Exchange traded securities - 300,000 - 300,000 Foreign bonds - 30,252,675 - 30,252,675 Certificate of deposits - 800,000 - 800,000 Total fixed maturity securities $ - $ 161,876,414 $ - $ 161,876,414 Preferred stock, available-for-sale $ 49,600 $ - $ - $ 49,600 Equity securities Mutual funds $ - $ 70,268 $ - $ 70,268 Corporate common stock 28,232 - 66,288 94,520 Total equity securities $ 28,232 $ 70,268 $ 66,288 $ 164,788 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 securities - 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
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Unaudited Three Months Ended March 31, 2020 2019 Beginning balance $ 64,107 $ 64,036 Joint venture net income 29,220 27,784 Joint venture distribution (27,039 ) (23,824 ) Ending balance $ 66,288 $ 67,996
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 March 31, 2020 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 13,552,929 $ 13,043,147 $ - $ - $ 13,043,147 Residential 153,328,603 166,202,080 - - 166,202,080 Policy loans 2,087,602 2,087,602 - - 2,087,602 Short-term investments 1,832,872 1,832,872 1,832,872 - - Other long-term investments 73,146,105 89,895,485 - - 89,895,485 Cash and cash equivalents 16,728,153 16,728,153 16,728,153 - - Accrued investment income 5,348,548 5,348,548 - - 5,348,548 Total financial assets $ 266,024,812 $ 295,137,887 $ 18,561,025 $ - $ 276,576,862 Financial liabilities Policyholders' account balances $ 362,198,197 $ 383,873,719 $ - $ - $ 383,873,719 Policy claims 1,139,262 1,139,262 - - 1,139,262 Total financial liabilities $ 363,337,459 $ 385,012,981 $ - $ - $ 385,012,981 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

Note 4 - Segment Data (Tables)

Note 4 - Segment Data (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended March 31, (Unaudited) 2020 2019 Revenues: Life insurance operations $ 7,325,468 $ 6,471,048 Annuity operations 5,220,251 4,970,032 Corporate operations 137,787 183,620 Total $ 12,683,506 $ 11,624,700 Income before income taxes: Life insurance operations $ 64,404 $ 197,559 Annuity operations 911,918 1,502,612 Corporate operations 40,062 101,921 Total $ 1,016,384 $ 1,802,092 Depreciation and amortization expense: Life insurance operations $ 1,032,387 $ 830,461 Annuity operations 302,350 59,164 Total $ 1,334,737 $ 889,625
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	(Unaudited) March 31, 2020 December 31, 2019 Assets: Life insurance operations $ 100,203,463 $ 99,612,420 Annuity operations 487,458,536 500,738,949 Corporate operations 3,869,598 4,585,005 Total $ 591,531,597 $ 604,936,374

Note 7 - Other Comprehensive _2

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended March 31, 2020 and 2019 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2020 $ 9,632,323 $ (15,663 ) $ 9,616,660 Other comprehensive loss before reclassifications, net of tax (10,405,305 ) 17,265 (10,388,040 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 48,916 - 48,916 Other comprehensive loss (10,454,221 ) 17,265 (10,436,956 ) Balance as of March 31, 2020 $ (821,898 ) $ 1,602 $ (820,296 ) Balance as of January 1, 2019 $ (2,584,643 ) $ 8,012 $ (2,576,631 ) Other comprehensive income before reclassifications, net of tax 4,050,528 (9,874 ) 4,040,654 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax 31,660 - 31,660 Other comprehensive income 4,018,868 (9,874 ) 4,008,994 Balance as of March 31, 2019 $ 1,434,225 $ (1,862 ) $ 1,432,363
Comprehensive Income (Loss) [Table Text Block]	Income Tax Pretax Expense (Benefit) Net of Tax Three Months Ended March 31, 2020 (Unaudited) Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (13,171,272 ) $ (2,765,967 ) $ (10,405,305 ) Reclassification adjustment for net gains included in operations having no credit losses 61,919 13,003 48,916 Net unrealized losses on investments (13,233,191 ) (2,778,970 ) (10,454,221 ) Adjustment to deferred acquisition costs 21,855 4,590 17,265 Total other comprehensive loss $ (13,211,336 ) $ (2,774,380 ) $ (10,436,956 ) Three Months Ended March 31, 2019 (Unaudited) Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 5,127,250 $ 1,076,722 $ 4,050,528 Reclassification adjustment for net gains included in operations having no credit losses 40,075 8,415 31,660 Net unrealized gains on investments 5,087,175 1,068,307 4,018,868 Adjustment to deferred acquisition costs (12,497 ) (2,623 ) (9,874 ) Total other comprehensive income $ 5,074,678 $ 1,065,684 $ 4,008,994
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended March 31, (Unaudited) Reclassification Adjustments 2020 2019 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains on sales of securities (a) $ 61,919 $ 40,075 Income tax expense (b) 13,003 8,415 Total reclassification adjustments $ 48,916 $ 31,660

Note 8 - Allowance for Loan L_2

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	As of and for the Three Months Ended March 31, (Unaudited) Residential Mortgage Loans Commercial Mortgage Loans Total 2020 2019 2020 2019 2020 2019 Allowance, beginning $ 443,057 $ 374,209 $ 62,321 $ 49,957 $ 505,378 $ 424,166 Charge offs - - - - - - Recoveries - - - - - - Provision (7,644 ) 31,339 5,784 1,878 (1,860 ) 33,217 Allowance, ending $ 435,413 $ 405,548 $ 68,105 $ 51,835 $ 503,518 $ 457,383 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 435,413 $ 405,548 $ 68,105 $ 51,835 $ 503,518 $ 457,383 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 86,718,925 $ 81,739,302 $ 13,552,929 $ 10,315,019 $ 100,271,854 $ 92,054,321
Financing Receivable Credit Quality Indicators [Table Text Block]	Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Over 70% to 80% $ 45,759,251 $ 42,607,615 $ 273,446 $ 274,954 $ 46,032,697 $ 42,882,569 Over 60% to 70% 50,222,292 50,158,843 1,789,787 2,320,734 52,012,079 52,479,577 Over 50% to 60% 28,572,276 28,939,576 2,159,117 1,318,536 30,731,393 30,258,112 Over 40% to 50% 13,369,016 13,160,306 2,122,389 2,142,354 15,491,405 15,302,660 Over 30% to 40% 8,711,066 8,023,690 1,166,313 1,800,952 9,877,379 9,824,642 Over 20% to 30% 3,076,206 3,806,361 2,694,374 1,235,799 5,770,580 5,042,160 Over 10% to 20% 2,711,189 2,677,037 3,297,865 3,308,446 6,009,054 5,985,483 10% or less 907,307 629,437 49,638 - 956,945 629,437 Total $ 153,328,603 $ 150,002,865 $ 13,552,929 $ 12,401,775 $ 166,881,532 $ 162,404,640

Supplemental Disclosure - Cas_3

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jan. 01, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 744,091	$ 99,218
K-TENN Insurance Company ("K-TENN") [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total			$ 1,916,281
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total	170,041		$ 170,041
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 744,091	$ 99,218

Supplemental Disclosure - Cas_4

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities - Supplement Disclosures to Consolidated Statements of Cash Flows (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Reductions in mortgage loans due to foreclosure	$ 744,091	$ 99,218
Investment real estate held-for-sale acquired through foreclosure	(744,091)	(99,218)
Net cash used in investing activities

Supplemental Disclosure - Cas_5

Supplemental Disclosure - Cash and Non-Cash Impact on Operating, Investing and Financing Activities - Acquisition (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jan. 01, 2020
Cash provided in acquisition of K-TENN Insurance Company	$ 1,110,299
K-TENN Insurance Company ("K-TENN") [Member]
Cash used in acquisition of K-TENN Insurance Company
Cash provided in acquisition of K-TENN Insurance Company	1,110,299
Increase in cash from acquisition of K-TENN Insurance Company	1,110,299
Available-for-sale fixed maturity securities	800,000
Policy loans	1,045
Accrued investment income	490
Due premiums	3,986
Other assets	461
Total fair value of assets acquired (excluding cash)	805,982
Future policy benefits	150,583
Other policy liabilities	9,212
Other liabilities	10,246
Total fair value of liabilities assumed	170,041		$ 170,041
Fair value of net assets acquired in acquisition of K-TENN Insurance Company (excluding cash)	635,941
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	$ 1,746,240

Note 1 - Organization and Sig_2

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

Apr. 03, 2018USD ($)

Apr. 28, 2015USD ($)

Dec. 28, 2011USD ($)

Dec. 31, 2008USD ($)

Dec. 23, 2008USD ($)

Mar. 31, 2020USD ($)$ / sharesshares

Dec. 31, 2004USD ($)

Dec. 31, 2012shares

Dec. 31, 2015USD ($)shares

Mar. 08, 2013USD ($)

Mar. 08, 2013USD ($)shares

Apr. 01, 2020

Mar. 12, 2020shares

Dec. 31, 2019$ / sharesshares

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 (in shares) | shares

702,685

Number of Stock Dividends

2

Treasury Stock, Shares, Acquired (in shares) | shares

247,580

Treasury Stock, Value, Acquired, Cost Method

$ 893,947

Number of Subsidiaries Merged

2

Asset Acquired Under Assumption Reinsurance Agreement

$ 3,644,839

Liabilities Assumed Under Reinsurance Assumption Agreement

3,055,916

Gain on Reinsurance Assumption

$ 588,923

Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares

$ 0.01

Conversion Rate of Common Class B into Class A (in shares) | shares

0.85

Common Class A [Member]

Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares

$ 0.01

$ 0.01

Common Stock, Shares Authorized (in shares) | shares

40,000,000

40,000,000

20,000,000

Percent of Dividends

100.00%

Common Class B [Member]

Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares

$ 0.01

Common Stock, Shares Authorized (in shares) | shares

10,000,000

10,000,000

Percent of Dividends

85.00%

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

Property, Plant and Equipment, Useful Life (Year)

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]

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Consideration Transferred, Total

$ 1,746,240

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

168,866

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

$ 1,746,240

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

Wholly Owned Subsidiary Ownership Percentage

100.00%

Term Products 10 Year [Member]

Term Products Number of Years (Year)

10 years

Term Products 15 Year [Member]

Term Products Number of Years (Year)

15 years

Term Products 20 Year [Member]

Term Products Number of Years (Year)

20 years

Term Products 30 Year [Member]

Term Products Number of Years (Year)

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 (Year)

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 (in shares) | shares

7,347,488

Payments of Stock Issuance Costs

$ 3,624,518

Offshore Annuity and Life Insurance Company [Member]

Reinsurance Agreement, Percent Ceded

90.00%

Offshore Annuity and Life Insurance Company [Member] | Subsequent Event [Member]

Reinsurance Agreement, Percent Ceded

0.00%

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)ft²a	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	$ 0		$ 0
Deposit Assets, Total	4,798,357		4,434,662
Other Assets, Fair Value Disclosure	$ 4,844,525		$ 4,468,783
Number Of Loans Past Due	35		23
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 5,727,927		$ 4,427,317
Past Due Loans, Term Past Due (Day)	90 days		90 days
Number of Mortgage Loans in Default	0
Mortgage Loans in Process of Foreclosure, Amount			$ 1,691,980
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 744,091	$ 99,218
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 744,091	$ 99,218
Topeka Kansas [Member] | Trinity Life Insurance Company [Member]
Area of Land (Acre) | a	6.5
Topeka Kansas [Member] | Trinity Life Insurance Company [Member] | Held for the Production of Income [Member] | Office Building [Member]
Area of Real Estate Property (Square Foot) | ft²	20,000
Jefferson City Missouri [Member] | FBLIC [Member] | Assets Held-for-sale not Part of a Disposal Group [Member]
Area of Land (Acre) | a	0.5
Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	212		24
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 7,916,536		$ 521,271
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	60,953,227		7,357,453
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 68,869,763		$ 7,878,724
Fair Value to Cost Ratio	89.00%		93.00%
Fixed Maturity Securities, Investment Grade Percentage	97.00%		97.00%
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	$ 21,713		$ 2,629
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	70,268		89,352
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 91,981		$ 91,981
Fair Value to Cost Ratio	76.00%		97.00%
Preferred Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	1
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 345
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	49,600
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 49,945
Fair Value to Cost Ratio	99.00%
Lottery Prize Cash Flows [Member]
Other Investments, Total	$ 73,146,105		$ 71,824,480

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Debt and Equity Securities, amortized cost or cost	$ 163,148,749	$ 166,990,587
Debt and Equity Securities, gross unrealized gains	6,880,647	12,737,561
Debt and Equity Securities, gross unrealized losses	7,938,594	523,900
Debt and Equity Securities, fair value	162,090,802	179,204,248
US Treasury and Government [Member]
Available-for-sale securities at cost	1,679,790	1,679,731
Securities, gross unrealized gains	3,497	431
Securities, gross unrealized losses		11,129
Fixed maturity available-for-sale securities - fair value	1,683,287	1,669,033
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities at cost	9,317,430	9,536,120
Securities, gross unrealized gains	720,408	617,063
Securities, gross unrealized losses		2,252
Fixed maturity available-for-sale securities - fair value	10,037,838	10,150,931
Residential Mortgage Backed Securities [Member]
Available-for-sale securities at cost	18,043	20,289
Securities, gross unrealized gains	15,291	22,167
Securities, gross unrealized losses
Fixed maturity available-for-sale securities - fair value	33,334	42,456
Corporate Debt Securities [Member]
Available-for-sale securities at cost	117,044,796	121,143,923
Securities, gross unrealized gains	5,155,796	9,528,168
Securities, gross unrealized losses	5,415,004	144,337
Fixed maturity available-for-sale securities - fair value	116,785,588	130,527,754
Asset-backed Securities [Member]
Available-for-sale securities at cost	2,082,445	2,116,056
Securities, gross unrealized gains	8,330	68,395
Securities, gross unrealized losses	107,083
Fixed maturity available-for-sale securities - fair value	1,983,692	2,184,451
Exchange-traded Debt Securities [Member]
Available-for-sale securities at cost	500,000	500,000
Securities, gross unrealized gains		48,400
Securities, gross unrealized losses	200,000
Fixed maturity available-for-sale securities - fair value	300,000	548,400
Debt Security, Government, Non-US [Member]
Available-for-sale securities at cost	31,473,925	31,764,329
Securities, gross unrealized gains	973,199	2,427,523
Securities, gross unrealized losses	2,194,449	363,553
Fixed maturity available-for-sale securities - fair value	30,252,675	33,828,299
Certificates of Deposit [Member]
Available-for-sale securities at cost	800,000
Securities, gross unrealized gains
Securities, gross unrealized losses
Fixed maturity available-for-sale securities - fair value	800,000
Debt Securities [Member]
Available-for-sale securities at cost	162,916,429	166,760,448
Securities, gross unrealized gains	6,876,521	12,712,147
Securities, gross unrealized losses	7,916,536	521,271
Fixed maturity available-for-sale securities - fair value	161,876,414	178,951,324
Preferred Stock [Member]
Available-for-sale securities at cost	49,945	49,945
Securities, gross unrealized gains		1,955
Securities, gross unrealized losses	345
Fixed maturity available-for-sale securities - fair value	49,600	51,900
Mutual Fund [Member]
Equity Securities, cost	91,981	91,981
Equity securities, gross unrealized gains
Equity Securities, gross unrealized losses	21,713	2,629
Equity securities	70,268	89,352
Common Stock [Member]
Equity Securities, cost	90,394	88,213
Equity securities, gross unrealized gains	4,126	23,459
Equity Securities, gross unrealized losses
Equity securities	94,520	111,672
Equity Securities [Member]
Equity Securities, cost	182,375	180,194
Equity securities, gross unrealized gains	4,126	23,459
Equity Securities, gross unrealized losses	21,713	2,629
Equity securities	$ 164,788	$ 201,024

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Debt and equity securities in an unrealized loss position, fair value	$ 61,073,095	$ 7,446,805
Debt and equity securities in an unrealized loss position, unrealized loss	$ 7,938,594	$ 523,900
Debt and equity securities in an unrealized loss position, number	214	25
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 46,202,498	$ 3,049,765
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 4,859,166	$ 59,915
Securities in an unrealized loss position, less than twelve months, number	159	7
Securities in an unrealized loss position, more than twelve months, fair value	$ 523,430	$ 1,070,459
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 555,838	$ 355,696
Securities in an unrealized loss position, more than twelve months, number	5	4
Asset-backed Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 1,270,692
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 107,083
Securities in an unrealized loss position, less than twelve months, number	4
Exchange-traded Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 300,000
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 200,000
Securities in an unrealized loss position, less than twelve months, number	2
Debt Security, Government, Non-US [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 12,033,032	$ 345,243
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,393,462	$ 7,857
Securities in an unrealized loss position, less than twelve months, number	38	1
Securities in an unrealized loss position, more than twelve months, fair value	$ 623,575	$ 2,761,812
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 800,987	$ 444,406
Securities in an unrealized loss position, more than twelve months, number	4	12
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 59,806,222	$ 4,595,641
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 6,559,711	$ 76,865
Securities in an unrealized loss position, less than twelve months, number	203	12
Securities in an unrealized loss position, more than twelve months, fair value	$ 1,147,005
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 1,356,825
Securities in an unrealized loss position, more than twelve months, number	9
Securities in an unrealized loss position, fair value	$ 60,953,227	$ 7,357,453
Securities in an unrealized loss position, unrealized loss	$ 7,916,536	$ 521,271
Securities in an unrealized loss position, number	212	24
Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 49,600
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 345
Securities in an unrealized loss position, less than twelve months, number	1
Equity Securities [Member]
Equity securities in an unrealized loss position, less than twelve months, fair value	$ 70,268
Equity securities in an unrealized loss position, less than twelve months, unrealized loss	$ 21,713
Equity securities in an unrealized loss position, less than twelve months, number	1
Equity securities in an unrealized loss position, more than twelve months, fair value		$ 89,352
Equity securities in an unrealized loss position, more than twelve months, unrealized loss		$ 2,629
Equity securities in an unrealized loss position, more than twelve months, number		1
US Treasury and Government [Member]
Securities in an unrealized loss position, less than twelve months, fair value		$ 1,097,626
Securities in an unrealized loss position, less than twelve months, unrealized loss		$ 6,841
Securities in an unrealized loss position, less than twelve months, number		3
Securities in an unrealized loss position, more than twelve months, fair value		$ 445,943
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 4,288
Securities in an unrealized loss position, more than twelve months, number		2
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value		$ 103,007
Securities in an unrealized loss position, less than twelve months, unrealized loss		$ 2,252
Securities in an unrealized loss position, less than twelve months, number		1
Securities in an unrealized loss position, more than twelve months, fair value		$ 1,245,410
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 84,422
Securities in an unrealized loss position, more than twelve months, number		6

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Unrealized appreciation (depreciation) on available-for-sale securities	$ (1,040,360)	$ 12,192,831
Adjustment to deferred acquisition costs	2,011	(19,844)
Deferred income taxes	218,053	(2,556,327)
Net unrealized appreciation (depreciation) on available-for-sale securities	$ (820,296)	$ 9,616,660

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details)	Mar. 31, 2020USD ($)
Fixed Maturities [Member]
Due in one year or less - amortized cost	$ 2,664,450
Due in one year or less - fair value	2,655,860
Due in one year through five years - amortized cost	26,292,616
Due after one year through five years	24,761,240
Due after five years through ten years - amortized cost	55,372,399
Due after five years through ten years - fair value	54,289,104
Due after ten years - amortized cost	78,568,921
Due after ten years - fair value	80,136,876
Due at multiple maturity dates - amortized cost	18,043
Due at multiple maturity dates - fair value	33,334
Fixed maturity available-for-sale securities - amortized cost	162,916,429
Fixed maturity available-for-sale securities - fair value	161,876,414
Other Long-term Investments [Member]
Due in one year or less - amortized cost	11,233,730
Due in one year or less - fair value	11,466,462
Due in one year through five years - amortized cost	35,104,570
Due after one year through five years	39,433,436
Due after five years through ten years - amortized cost	19,387,198
Due after five years through ten years - fair value	25,495,424
Due after ten years - amortized cost	7,420,607
Due after ten years - fair value	13,500,163
Due at multiple maturity dates - amortized cost
Due at multiple maturity dates - fair value
Fixed maturity available-for-sale securities - amortized cost	73,146,105
Fixed maturity available-for-sale securities - fair value	$ 89,895,485

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - Fixed Maturities [Member] - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Proceeds from sale, maturity, or collection of investments	$ 5,550,987	$ 3,399,846
Gross realized gains on sale of investments	65,309	44,555
Gross realized losses on sale of investments	$ (3,390)	$ (4,480)

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Change in unrealized investment gains (losses)	$ (10,454,221)	$ 4,018,868
Gross Investment income	6,919,174	6,238,708
Investment expenses	(649,331)	(665,252)
Net investment income	6,269,843	5,573,456
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	(13,230,891)	5,077,355
Net realized investment gains (losses)	61,919	40,075
Gross Investment income	1,838,382	1,529,476
Equity Securities [Member]
Equity securities, changes in fair value	(38,417)	13,645
Gross Investment income	32,323	34,218
Other Long-term Investments [Member]
Gross Investment income	1,347,138	1,150,757
Preferred Stock [Member]
Change in unrealized investment gains (losses)	(2,300)	9,820
Mortgages [Member]
Gross Investment income	3,570,405	3,182,848
Policy Loans [Member]
Gross Investment income	37,707	32,273
Real Estate Investment [Member]
Gross Investment income	68,682	64,296
Short-term Investments [Member]
Gross Investment income	$ 24,537	$ 244,840

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 166,881,532	$ 162,404,640
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	153,328,603	150,002,865
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	13,552,929	12,401,775
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,605,214	1,619,250
Commercial Portfolio Segment [Member] | Apartment Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	964,351	1,604,934
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	729,042	729,603
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	4,322,652	3,676,396
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 5,931,670	$ 4,771,592

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Investment real estate, net	$ 2,659,478	$ 1,951,759
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	(1,522,531)	(1,486,159)
Investment real estate, net	745,026	781,398
Residential Real Estate - Held for Sale [Member]
Investment real estate	$ 956,137	$ 212,046

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements (Details Textual)	Mar. 31, 2020	Dec. 31, 2019
Number Of Private Placement Common Stocks	2	2

Note 3 - Fair Value Measureme_4

Note 3 - Fair Value Measurements - Fair Value Measured on a Recurring Basis (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Recurring [Member]
Equity securities	$ 164,788	$ 201,024
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	28,232	47,565
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	70,268	89,352
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	66,288	64,107
US Treasury and Government [Member]
Fixed maturity available-for-sale securities - fair value	1,683,287	1,669,033
US Treasury and Government [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,683,287	1,669,033
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,683,287	1,669,033
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
US States and Political Subdivisions Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	10,037,838	10,150,931
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	10,037,838	10,150,931
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	10,037,838	10,150,931
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Residential Mortgage Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	33,334	42,456
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	33,334	42,456
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	33,334	42,456
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Corporate Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	116,785,588	130,527,754
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	116,785,588	130,527,754
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	116,785,588	130,527,754
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Asset-backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	1,983,692	2,184,451
Asset-backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,983,692	2,184,451
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,983,692	2,184,451
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Exchange-traded Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	300,000	548,400
Exchange-traded Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	300,000	548,400
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	300,000	548,400
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Debt Security, Government, Non-US [Member]
Fixed maturity available-for-sale securities - fair value	30,252,675	33,828,299
Debt Security, Government, Non-US [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	30,252,675	33,828,299
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	30,252,675	33,828,299
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Certificates of Deposit [Member]
Fixed maturity available-for-sale securities - fair value	800,000
Certificates of Deposit [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	800,000
Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	800,000
Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	161,876,414	178,951,324
Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	161,876,414	178,951,324
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	161,876,414	178,951,324
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Preferred Stock [Member]
Fixed maturity available-for-sale securities - fair value	49,600	51,900
Preferred Stock [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	49,600	51,900
Preferred Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	49,600	51,900
Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Mutual Fund [Member]
Equity securities	70,268	89,352
Mutual Fund [Member] | Fair Value, Recurring [Member]
Equity securities	70,268	89,352
Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities
Mutual Fund [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	70,268	89,352
Mutual Fund [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities
Common Stock [Member]
Equity securities	94,520	111,672
Common Stock [Member] | Fair Value, Recurring [Member]
Equity securities	94,520	111,672
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	28,232	47,565
Common Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	$ 66,288	$ 64,107

Note 3 - Fair Value Measureme_5

Note 3 - Fair Value Measurements - Change in Fair Value of Available-for-sale Equity Securities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Beginning balance	$ 64,107	$ 64,036
Joint venture net income	29,220	27,784
Joint venture distribution	(27,039)	(23,824)
Ending balance	$ 66,288	$ 67,996

Note 3 - Fair Value Measureme_6

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Policy loans	$ 2,087,602	$ 2,026,301
Accrued investment income	5,348,548	5,207,823
Policy claims	1,139,262	1,399,393
Reported Value Measurement [Member]
Policy loans	2,087,602	2,026,301
Short-term investments	1,832,872	1,831,087
Other long-term investments	73,146,105	71,824,480
Cash and cash equivalents	16,728,153	23,212,170
Accrued investment income	5,348,548	5,207,823
Total financial assets	266,024,812	266,506,501
Policyholders' account balances	362,198,197	363,083,838
Policy claims	1,139,262	1,399,393
Total financial liabilities	363,337,459	364,483,231
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	13,552,929	12,401,775
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	153,328,603	150,002,865
Estimate of Fair Value Measurement [Member]
Policy loans	2,087,602	2,026,301
Short-term investments	1,832,872	1,831,087
Other long-term investments	89,895,485	88,235,019
Cash and cash equivalents	16,728,153	23,212,170
Accrued investment income	5,348,548	5,207,823
Total financial assets	295,137,887	285,236,453
Policyholders' account balances	383,873,719	355,557,123
Policy claims	1,139,262	1,399,393
Total financial liabilities	385,012,981	356,956,516
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans
Short-term investments	1,832,872	1,831,087
Other long-term investments
Cash and cash equivalents	16,728,153	23,212,170
Accrued investment income
Total financial assets	18,561,025	25,043,257
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	2,087,602	2,026,301
Short-term investments
Other long-term investments	89,895,485	88,235,019
Cash and cash equivalents
Accrued investment income	5,348,548	5,207,823
Total financial assets	276,576,862	260,193,196
Policyholders' account balances	383,873,719	355,557,123
Policy claims	1,139,262	1,399,393
Total financial liabilities	385,012,981	356,956,516
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	13,043,147	12,280,704
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	13,043,147	12,280,704
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	166,202,080	152,443,349
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	$ 166,202,080	$ 152,443,349

Note 4 - Segment Data - Segment

Note 4 - Segment Data - Segment Data - Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Total revenue	$ 12,683,506	$ 11,624,700
Income before income taxes	1,016,384	1,802,092
Depreciation and amortization expense	1,334,737	889,625
Life Insurance Operations [Member]
Total revenue	7,325,468	6,471,048
Income before income taxes	64,404	197,559
Depreciation and amortization expense	1,032,387	830,461
Annuity Operations [Member]
Total revenue	5,220,251	4,970,032
Income before income taxes	911,918	1,502,612
Depreciation and amortization expense	302,350	59,164
Corporate Segment [Member]
Total revenue	137,787	183,620
Income before income taxes	$ 40,062	$ 101,921

Note 4 - Segment Data - Assets

Note 4 - Segment Data - Assets (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Total assets	$ 591,531,597	$ 604,936,374
Life Insurance Operations [Member]
Total assets	100,203,463	99,612,420
Annuity Operations [Member]
Total assets	487,458,536	500,738,949
Corporate Segment [Member]
Total assets	$ 3,869,598	$ 4,585,005

Note 5 - Federal Income Taxes (

Note 5 - Federal Income Taxes (Details Textual)	3 Months Ended
	Mar. 31, 2020
Domestic Tax Authority [Member]
Open Tax Year	2016 2017 2018 2019

Note 6 - Legal Matters and Co_2

Note 6 - Legal Matters and Contingent Liabilities (Details Textual) - Case No. CJ-2013-03385 [Member] - Mr. Pettigrew [Member]	Feb. 17, 2017USD ($)
First Trinity Financial Corporation [Member]
Loss Contingency, Damages Awarded, Value	$ 800,000
Mr. Zahn [Member]
Loss Contingency, Damages Awarded, Value	$ 3,500,000

Note 7 - Other Comprehensive _3

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Balance	$ 57,418,262	$ 39,125,251
Total other comprehensive income (loss)	(10,436,956)	4,008,994
Balance	49,516,802	44,556,441
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Balance	9,632,323	(2,584,643)
Other comprehensive loss before reclassifications, net of tax	(10,405,305)	4,050,528
Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax	48,916	31,660
Total other comprehensive income (loss)	(10,454,221)	4,018,868
Balance	(821,898)	1,434,225
Adjustment to Deferred Acquisition Costs [Member]
Balance	(15,663)	8,012
Other comprehensive loss before reclassifications, net of tax	17,265	(9,874)
Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax
Total other comprehensive income (loss)	17,265	(9,874)
Balance	1,602	(1,862)
AOCI Attributable to Parent [Member]
Balance	9,616,660	(2,576,631)
Other comprehensive loss before reclassifications, net of tax	(10,388,040)	4,040,654
Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax	48,916	31,660
Total other comprehensive income (loss)	(10,436,956)	4,008,994
Balance	$ (820,296)	$ 1,432,363

Note 7 - Other Comprehensive _4

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Details) - USD ($)		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Unrealized holding gains (losses) arising during the period, pretax		$ (13,171,272)	$ 5,127,250
Unrealized holding losses arising during the period, income tax expense (benefit)		(2,765,967)	1,076,722
Unrealized holding losses arising during the period, net of tax		(10,405,305)	4,050,528
Realized gains (losses) on sales of securities	[1]	61,919	40,075
Income tax expense (benefit)	[2]	13,003	8,415
Reclassification adjustment for net gains included in operations having no credit losses, net of tax		48,916	31,660
Net unrealized losses on investments, pretax		(13,233,191)	5,087,175
Net unrealized losses on investments, income tax expense (benefit)		(2,778,970)	1,068,307
Net unrealized losses on investments, net of tax		(10,454,221)	4,018,868
Adjustment to deferred acquisition costs, pretax		21,855	(12,497)
Adjustment to deferred acquisition costs, income tax expense (benefit)		4,590	(2,623)
Adjustment to deferred acquisition costs, net of tax		17,265	(9,874)
Total other comprehensive loss, pretax		(13,211,336)	5,074,678
Total other comprehensive loss, income tax expense (benefit)		(2,774,380)	1,065,684
Total other comprehensive loss, net of tax		$ (10,436,956)	$ 4,008,994
[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 7 - Other Comprehensive _5

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Reclassified From Accumulated Other Comprehensive Income (Details) - USD ($)		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Realized gains (losses) on sales of securities	[1]	$ 61,919	$ 40,075
Income tax expense (benefit)	[2]	13,003	8,415
Total reclassification adjustments		$ 48,916	$ 31,660
[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 8 - Allowance for Loan L_3

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 166,881,532	$ 162,404,640
Financing Receivable, Collectively Evaluated for Impairment	100,271,854	100,647,038
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance	503,518	505,378
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	808,028	798,753
Escrow Amount Available	480,196	489,965
Advances To Loan Originator	4,717,541	4,436,787
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	327,832	308,788
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	66,609,678	61,757,602
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 66,609,678	$ 51,127,965

Note 8 - Allowance for Loan L_4

Note 8 - Allowance for Loan Losses From Mortgage Loans On Real Estate - Allowance for Loss on Premium Financing (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Provision	$ (1,860)	$ 33,217
Financing Receivable, Collectively Evaluated for Impairment	100,271,854		$ 100,647,038
Residential Portfolio Segment [Member]
Allowance, beginning	443,057	374,209
Provision	(7,644)	31,339
Allowance, ending	435,413	405,548
Collectively evaluated for impairment	435,413	405,548
Financing Receivable, Collectively Evaluated for Impairment	86,718,925	81,739,302
Commercial Portfolio Segment [Member]
Allowance, beginning	62,321	49,957
Provision	5,784	1,878
Allowance, ending	68,105	51,835
Collectively evaluated for impairment	68,105	51,835
Financing Receivable, Collectively Evaluated for Impairment	13,552,929	10,315,019
Premium Finance Loans [Member]
Allowance, beginning	505,378	424,166
Provision	(1,860)	33,217
Allowance, ending	503,518	457,383
Collectively evaluated for impairment	503,518	457,383
Financing Receivable, Collectively Evaluated for Impairment	$ 100,271,854	$ 92,054,321

Note 8 - Allowance for Loan L_5

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate - Mortgage Loan to Value Ratios (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Mortgage loans on real estate	$ 166,881,532	$ 162,404,640
Loan to Value Range1 [Member]
Mortgage loans on real estate	46,032,697	42,882,569
Loan to Value Range 2 [Member]
Mortgage loans on real estate	52,012,079	52,479,577
Loan to Value Range 3 [Member]
Mortgage loans on real estate	30,731,393	30,258,112
Loan to Value Range 4 [Member]
Mortgage loans on real estate	15,491,405	15,302,660
Loan to Value Range 5 [Member]
Mortgage loans on real estate	9,877,379	9,824,642
Loan to Value Range 6 [Member]
Mortgage loans on real estate	5,770,580	5,042,160
Loan to Value Range 7 [Member]
Mortgage loans on real estate	6,009,054	5,985,483
Loan to Value Range 8 [Member]
Mortgage loans on real estate	956,945	629,437
Residential Portfolio Segment [Member]
Mortgage loans on real estate	153,328,603	150,002,865
Residential Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	45,759,251	42,607,615
Residential Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	50,222,292	50,158,843
Residential Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	28,572,276	28,939,576
Residential Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	13,369,016	13,160,306
Residential Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	8,711,066	8,023,690
Residential Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	3,076,206	3,806,361
Residential Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	2,711,189	2,677,037
Residential Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	907,307	629,437
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	13,552,929	12,401,775
Commercial Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	273,446	274,954
Commercial Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	1,789,787	2,320,734
Commercial Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	2,159,117	1,318,536
Commercial Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	2,122,389	2,142,354
Commercial Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	1,166,313	1,800,952
Commercial Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	2,694,374	1,235,799
Commercial Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	3,297,865	3,308,446
Commercial Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	$ 49,638

Note 9 - Coinsurance (Details T

Note 9 - Coinsurance (Details Textual)	Mar. 31, 2020	Jan. 01, 2018
Percent Ceded		90.00%
Additional Percentage of Assets in Trust above Required Annuity Reserve	4.00%

Note 10 - Line of Credit (Detai

Note 10 - Line of Credit (Details Textual) - Line of Credit [Member] - USD ($) $ in Thousands	Nov. 08, 2019	Mar. 31, 2020	Dec. 31, 2019
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,500
Long-term Line of Credit, Total		$ 0	$ 0
Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%