First Trinity Financial (FTFC) 10-K 10 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - shares	12 Months Ended
	Dec. 31, 2021	Mar. 08, 2022
Document Information [Line Items]
Entity Central Index Key	0001395585
Entity Registrant Name	First Trinity Financial Corp.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	000-52613
Entity Incorporation, State or Country Code	OK
Entity Tax Identification Number	34-1991436
Entity Address, Address Line One	7633 East 63rd Place, Suite 230
Entity Address, City or Town	Tulsa
Entity Address, State or Province	OK
Entity Address, Postal Zip Code	74133-1246
City Area Code	918
Local Phone Number	249-2438
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Auditor Name	Kerber, Eck & Braeckel LLP
Auditor Location	Springfield, Illinois
Auditor Firm ID	718
ICFR Auditor Attestation Flag	false
Common Class B [Member]
Document Information [Line Items]
Title of 12(g) Security	Class B Common Stock, $0.01 Par Value
Entity Common Stock, Shares Outstanding		101,102
Common Class A [Member]
Document Information [Line Items]
Title of 12(g) Security	Class A Common Stock, $0.01 Par Value
Entity Common Stock, Shares Outstanding		9,384,340

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Investments
Mortgage loans on real estate	$ 177,508,051	$ 174,909,062
Investment real estate	688,345	757,936
Policy loans	2,272,629	2,108,678
Short-term investments	3,296,838	3,309,020
Other long-term investments	65,929,215	71,025,133
Total investments	434,120,334	422,960,668
Cash and cash equivalents	42,528,046	40,230,095
Accrued investment income	4,879,290	5,370,508
Recoverable from reinsurers	1,046,381	1,234,221
Assets held in trust under coinsurance agreement	106,210,246	112,160,307
Agents' balances and due premiums	1,713,050	2,154,322
Deferred policy acquisition costs	49,717,323	44,513,669
Value of insurance business acquired	4,318,499	4,592,977
Other assets	15,225,765	10,378,502
Total assets	659,758,934	643,595,269
Policy liabilities
Policyholders' account balances	373,647,869	362,519,753
Future policy benefits	88,735,716	76,673,797
Policy claims	2,381,183	2,099,548
Other policy liabilities	88,847	119,699
Total policy liabilities	464,853,615	441,412,797
Funds withheld under coinsurance agreement	106,586,633	112,681,925
Deferred federal income taxes	8,966,303	9,220,905
Other liabilities	10,957,832	10,427,430
Total liabilities	591,364,383	573,743,057
Shareholders' equity
Additional paid-in capital	39,078,485	39,078,485
Treasury stock, at cost (247,580 shares as of December 31, 2021 and 2020)	(893,947)	(893,947)
Accumulated other comprehensive income	13,203,827	17,518,858
Accumulated earnings	16,916,082	14,058,712
Total shareholders' equity	68,394,551	69,852,212
Total liabilities and shareholders' equity	659,758,934	643,595,269
Common Class A [Member]
Shareholders' equity
Common stock	89,093	89,093
Common Class B [Member]
Shareholders' equity
Common stock	1,011	1,011
Debt Securities [Member]
Investments
Available-for-sale fixed maturity securities at fair value (amortized cost: $167,356,364 and $148,431,010 as of December 31, 2021 and 2020, respectively)	184,077,038	170,647,836
Equity Securities [Member]
Investments
Equity securities at fair value (cost: $285,558 and $183,219 as of December 31, 2021 and 2020, respectively)	$ 348,218	$ 203,003

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parentheticals) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
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	40,000,000
Common stock, shares issued (in shares)	8,909,276	8,909,276
Common stock, shares outstanding (in shares)	8,661,696	8,661,696
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	101,102	101,102
Common stock, shares outstanding (in shares)	101,102	101,102
Debt Securities [Member]
Available-for-sale securities at cost	$ 167,356,364	$ 148,431,010
Equity Securities [Member]
Equity securities, cost	$ 285,558	$ 183,219

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenues
Premiums	$ 31,922,288	$ 28,047,507
Net investment income	23,984,188	24,084,301
Net realized investment gains	898,551	1,007,268
Loss on other-than-temporary impairments	0	(801,340)
Service fees	228,597	264,513
Other income	82,617	188,756
Total revenues	57,116,241	52,791,005
Benefits and claims
Increase in future policy benefits	12,121,912	11,551,696
Death benefits	11,054,856	9,469,318
Surrenders	1,198,363	1,156,546
Interest credited to policyholders	12,663,112	12,276,268
Dividend, endowment and supplementary life contract benefits	316,403	311,868
Total benefits and claims	37,354,646	34,765,696
Policy acquisition costs deferred	(12,102,070)	(11,856,420)
Amortization of deferred policy acquisition costs	6,932,504	5,327,177
Amortization of value of insurance business acquired	274,478	298,471
Commissions	12,069,749	11,073,570
Other underwriting, insurance and acquisition expenses	8,913,646	9,101,717
Total expenses	16,088,307	13,944,515
Total benefits, claims and expenses	53,442,953	48,710,211
Income before total federal income tax expense (benefit)	3,673,288	4,080,794
Current federal income tax expense (benefit)	(76,513)	127,701
Deferred federal income tax expense	892,431	774,403
Total federal income tax expense	815,918	902,104
Net income	$ 2,857,370	$ 3,178,690
Common Class A [Member]
Net income per common share basic and diluted
Net income per common share basic and diluted (in dollars per share)	$ 0.3266	$ 0.3638
Common Class B [Member]
Net income per common share basic and diluted
Net income per common share basic and diluted (in dollars per share)	$ 0.2776	$ 0.2707

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Net income		$ 2,857,370	$ 3,178,690
Other comprehensive income (loss)
Total net unrealized investment gains (losses) arising during the period		(4,882,377)	9,775,829
Less net realized investment gains (losses)	[1]	613,775	(248,166)
Net unrealized investment gains (losses)		(5,496,152)	10,023,995
Adjustment to deferred acquisition costs		(34,088)	21,213
Other comprehensive income (loss) before federal income tax expense (benefit)		(5,462,064)	10,002,782
Federal income tax expense (benefit)		(1,147,033)	2,100,584
Total other comprehensive income (loss)		(4,315,031)	7,902,198
Total comprehensive income (loss)		$ (1,457,661)	$ 11,080,888
[1]	These items appear within net realized investment gains in the consolidated statements of operations.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Common Stock [Member]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]	Common Class A [Member]	Total
Balance at Dec. 31, 2019	$ 80,502	$ 0	$ 28,684,598	$ (893,947)	$ 9,616,660	$ 19,930,449		$ 57,418,262
Net income	0	0	0	0	0	3,178,690		3,178,690
Other comprehensive income (loss)	0	0	0	0	7,902,198	0		7,902,198
Shareholders' cash dividend	0	0	0	0	0	(393,178)		(393,178)
Change in shareholders' equity due to the stock dividend	7,914	0	8,649,335	0	0		$ 8,657,249	0
Shareholders' stock dividend						(8,657,249)
Acquisition of K-TENN Insurance Company	1,688	0	1,744,552	0	0	0		1,746,240
Recapitalization	(1,011)	1,011	0	0	0	0		0
Balance at Dec. 31, 2020	89,093	1,011	39,078,485	(893,947)	17,518,858	14,058,712		69,852,212
Net income	0	0	0	0	0	2,857,370		2,857,370
Other comprehensive income (loss)	0	0	0	0	(4,315,031)	0		(4,315,031)
Balance at Dec. 31, 2021	$ 89,093	$ 1,011	$ 39,078,485	$ (893,947)	$ 13,203,827	$ 16,916,082		$ 68,394,551

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating activities
Net income	$ 2,857,370	$ 3,178,690
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for depreciation	0	121,240
Accretion of discount on investments	(4,757,938)	(4,989,868)
Net realized investment gains	(898,551)	(1,007,268)
Loss on other-than-temporary impairments	0	801,340
Amortization of policy acquisition cost	6,932,504	5,327,177
Policy acquisition costs deferred	(12,102,070)	(11,856,420)
Amortization of loan origination fees	43,585	33,263
Amortization of value of insurance business acquired	274,478	298,471
Allowance for mortgage loan losses	164,625	36,516
Provision for deferred federal income tax expense	892,431	774,403
Interest credited to policyholders	12,663,112	12,276,268
Change in assets and liabilities:
Policy loans	(163,951)	(81,332)
Short-term investments	12,182	(1,477,933)
Accrued investment income	491,218	(162,195)
Recoverable from reinsurers	187,840	10,512
Assets held in trust under coinsurance agreement	4,995,535	2,323,976
Agents' balances and due premiums	441,272	(532,221)
Other assets	(4,847,263)	(3,953,350)
Future policy benefits	12,061,919	11,507,824
Policy claims	281,635	700,155
Other policy liabilities	(30,852)	(22,488)
Other liabilities (excludes change in payable of securities purchased of $1,087,127 and $377,481 in 2021 and 2020, respectively)	(556,725)	4,138,079
Net cash provided by operating activities	18,942,356	17,444,839
Investing activities
Maturities of fixed maturity securities	1,150,000	945,500
Sales of fixed maturity securities	13,224,511	21,435,624
Purchases of equity securities	(181,243)	(90,292)
Sales of equity securities	89	0
Acquisition of K-TENN Insurance Company	0	1,110,299
Joint venture distribution	78,904	87,267
Purchases of mortgage loans	(107,238,975)	(77,131,267)
Payments on mortgage loans	104,436,910	64,250,033
Purchases of other long-term investments	(2,993,805)	(5,788,546)
Collections on other long-term investments	12,812,964	11,755,897
Sales of real estate	818,018	2,216,780
Net change in receivable and payable for securities sold and purchased	1,087,127	377,481
Net cash provided by (used in) investing activities	(9,968,643)	15,158,709
Financing activities
Policyholders' account deposits	28,708,203	24,283,570
Policyholders' account withdrawals	(35,383,965)	(39,476,015)
Shareholders' cash dividends	0	(393,178)
Net cash used in financing activities	(6,675,762)	(15,585,623)
Increase in cash and cash equivalents	2,297,951	17,017,925
Cash and cash equivalents, beginning of period	40,230,095	23,212,170
Cash and cash equivalents, end of period	42,528,046	40,230,095
Debt Securities [Member]
Investing activities
Purchases of securities	$ (33,163,143)	$ (4,010,067)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Change in payable of securities purchased	$ 1,087,127	$ 337,481

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities	12 Months Ended
	Dec. 31, 2021
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 2021 2020, In conjunction with these foreclosures, the non-cash impact on investing activities is summarized as follows: Year Ended Year Ended December 31, 2021 December 31, 2020 Reductions in mortgage loans due to foreclosure $ 458,587 $ 797,158 Investment real estate held-for-sale acquired through foreclosure (458,587 ) (797,158 ) Net cash used in investing activities $ - $ - In 2020, November 12, 2020. 2020 Year Ended December 31, 2020 Fair value of Class A common stock shares issued in connection with the stock dividend ( 791,339 $ 8,657,249 Reduction in accumulated earnings due to stock dividend (8,657,249 ) Increase in Class A common stock, par value $.01 7,914 Increase in additional paid-in-capital due to the stock dividend 8,649,335 Change in shareholders' equity due to the stock dividend $ - On January 1, 2020, In conjunction with this 2020 December 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 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. 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”), Trinity Mortgage Corporation (“TMC”), formerly known as First Trinity Capital Corporation and Trinity American, Inc. (“TAI”). The Company was incorporated in Oklahoma on April 19, 2004, The Company owns 100% of TLIC. TLIC owns 100% of FBLIC. TLIC and FBLIC are primarily engaged in the business of marketing, underwriting and distributing a broad range of individual life insurance and annuity products to individuals. TLIC’s and FBLIC’s current product portfolio consists of a modified premium whole life insurance policy with a flexible premium deferred annuity rider, whole life, term, final expense, accidental death and dismemberment and annuity products. The term products are both renewable and convertible and issued for 10, 15, The Company owns 100% of TMC that was incorporated in 2006, January 2007. 2020 third The Company owns 100% of TAI (formerly known as Citizens American Life, Inc.). TAI was incorporated in Barbados, West Indies on March 24, 2016 2019. Company Capitalization The Company raised $1,450,000 from two private placement stock offerings during 2004 June 22, 2005 February 23, 2007; June 29, 2010 April 30, 2012 August 15, 2012 March 8, 2013. The Company also issued 702,685 shares of its common stock in connection with two stock dividends paid to shareholders in 2011 2012 In 2020, 10% January 1, 2020, The Company has also purchased 247,580 shares of treasury stock at a cost of $893,947 from former members of the Board of Directors including the former Chairman of the Board of Directors, a former agent, the former spouse of the Company’s Chairman, Chief Executive Officer and President and a charitable organization where a former member of the Board of Directors had donated shares of the Company’s common stock. Company Recapitalization On October 2, 2019, ● An amendment and restatement of FTFC’s Certificate of Incorporation to authorize 40,000,000 shares of Class A common stock and 10,000,000 shares of Class B common stock and to establish the relative rights, preferences and privileges of, and the restrictions and limitations on, the Class A common stock and the Class B common stock. ● 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 Oklahoma Insurance Department (“OID”) on February 27, 2020 December 31, 2019, March 12, 2020. March 12, 2020, one one may one .85 Acquisition of Other Companies On December 23, 2008, On December 31, 2008, On August 31, 2009, On December 28, 2011, On April 28, 2015, On April 3, 2018, 2019. Effective January 1, 2020, Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Principles of Consolidation The consolidated financial statements include the accounts and operations of the Company and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation. Reclassifications Certain reclassifications have been made in the prior year financial statements to conform to current year classifications. These reclassifications had no . Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may may Investments Fixed maturity securities comprised of bonds and redeemable preferred securities are classified as available-for-sale and are carried at fair value with unrealized gains and losses, net of applicable income taxes, reported in accumulated other comprehensive income. The amortized cost of fixed maturity securities available-for-sale is adjusted for amortization of premium and accretion of discount to maturity. Interest income on fixed maturity securities, as well as the related amortization of premium and accretion of discount, is included in net investment income under the effective yield method. Dividend income on redeemable preferred securities are recognized in net investment income when declared. The amortized cost of fixed maturity securities available-for-sale are written down to fair value when a decline in value is considered to be other-than-temporary. The Company evaluates the difference between the cost or amortized cost and estimated fair value of its fixed maturity securities to determine whether any decline in value is other-than-temporary in nature. This determination involves a degree of uncertainty. If a decline in the fair value of a security is determined to be temporary, the decline is recorded as an unrealized loss in stockholders' equity. If a decline in a security's fair value is considered to be other-than-temporary, the Company then determines the proper treatment for the other-than-temporary impairment. For fixed maturity securities available-for-sale, the amount of any other-than-temporary impairment related to a credit loss is recognized in earnings and reflected as a reduction in the cost basis of the security; and the amount of any other-than-temporary impairment related to other factors is recognized in other comprehensive income (loss) with no The assessment of whether a decline in fair value is considered temporary or other-than-temporary includes management's judgment as to the financial position and future prospects of the entity issuing the security. It is not may Likewise, if a change occurs in the Company’s intent to sell temporarily impaired securities prior to maturity or recovery in value, or if it becomes more likely than not If an other-than-temporary impairment related to a credit loss occurs with respect to a bond, the Company amortizes the reduced book value back to the security's expected recovery value over the remaining term of the bond. The Company continues to review the security for further impairment that would prompt another write-down in the value. Equity securities are comprised of mutual funds and common stocks and are carried at fair value. The associated unrealized gains and losses are included in net realized investment gains (losses). Dividends from these investments are recognized in net investment income when declared. Mortgage loans are carried at unpaid balances, net of unamortized premium or discounts. Interest income and the amortization of premiums or discounts are included in net investment income. Mortgage loan fees, certain direct loan origination costs, and purchase premiums and discounts on loans are recognized as an adjustment of yield by the interest method based on the contractual terms of the loan. In certain circumstances, prepayments may not Investment real estate in buildings held for the production of income is carried at cost less accumulated depreciation. Depreciation on investment real estate in buildings held for the production of income was calculated over an estimated useful life of 19 years. Investment real estate in land held for both the production of income and for sale is carried at cost. Investment real estate obtained through foreclosure on mortgage loans on real estate is carried at the lower of acquisition cost or net realizable value. Policy loans are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. Other long-term investments are comprised of lottery prize receivables and are carried at amortized cost. Interest income and the accretion of discount are included in net investment income. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and money market instruments. Short-term investments Short-term investments include funds that have a maturity of more than 90 one Investment Income and Realized Gains and Losses on Sales of Investments Interest and dividends earned on investments are included in net investment income. Realized gains and losses on sales of investments are recognized in operations on the specific identification basis. Deferred Policy Acquisition Costs Commissions and other acquisition costs which vary with and are primarily related to the successful production of new business are deferred and amortized in a systematic manner based on the related contract revenues or gross profits as appropriate. Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. Deferred acquisition costs for the successful production of traditional life insurance contracts are deferred to the extent deemed recoverable and amortized over the premium paying period of the related policies using assumptions consistent with those used in computing future policy benefit liabilities. Deferred acquisition costs related to the successful production of insurance and annuity products that subject the Company to mortality or morbidity risk over a period that extends beyond the period or periods in which premiums are collected and that have terms that are fixed and guaranteed (i.e., limited-payment long-duration annuity contracts) are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies. To the extent that realized gains and losses on fixed income securities result in adjustments to deferred acquisition costs related to insurance and annuity products, such adjustments are reflected as a component of the amortization of deferred acquisition costs. Deferred acquisition costs related to limited-payment long-duration insurance and annuity contracts are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from available-for-sale securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of “Accumulated Other Comprehensive Income (Loss)” in the shareholders’ equity section of the statement of financial position. Allowance for Loan Losses from Mortgage Loans The allowance for possible loan losses from investments in mortgage loans on real estate is a reserve established through a provision for possible loan losses charged to expense which represents, in the Company’s judgment, the known and inherent credit losses existing in the residential and commercial mortgage loan portfolio. The allowance, in the judgment of the Company, is necessary to reserve for estimated loan losses inherent in the residential and commercial mortgage loan portfolios and reduces the carrying value of investments in mortgage loans on real estate to the estimated net realizable value on the consolidated statement of financial position. While the Company utilizes its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond the Company’s control, including the performance of the residential and commercial mortgage loan portfolios, the economy and changes in interest rates. The Company’s allowance for possible mortgage loan losses consists of specific valuation allowances established for probable losses on specific loans and a portfolio reserve for probable incurred but not Mortgage loans are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the mortgage loan agreement. Factors considered by the Company in determining impairment include payment status, collateral value of the real estate subject to the mortgage loan, and the probability of collecting scheduled principal and interest payments when due. Mortgage loans that experience insignificant payment delays and payment shortfalls generally are not Property and Equipment Property and equipment are carried at cost less accumulated depreciation or amortization. Office furniture, equipment and computer software is recorded at cost or fair value at acquisition less accumulated depreciation or amortization using the straight-line method over the estimated useful life of the respective assets of three ten Reinsurance The Company cedes reinsurance under various agreements allowing management to control exposure to potential losses arising from large risks and providing additional capacity for growth. Estimated reinsurance recoverable balances are reported as assets and are recognized in a manner consistent with the liabilities related to the underlying reinsured ceded contracts. The Company also assumes reinsurance under various agreements allowing management to increase growth in assets and profitability. Estimated reinsurance payable balances are reported as liabilities and are recognized in a manner consistent with the assets related to the underlying assumed reinsurance contracts. Value of Insurance Business Acquired As a result of the Company’s purchases of FLAC and FBLIC, an asset was recorded in the application of purchase accounting to recognize the value of acquired insurance in force. The Company’s value of acquired insurance in force is an intangible asset with a definite life and is amortized under Financial Accounting Standards Board (“FASB”) guidance. The value of acquired insurance in force is amortized primarily over the emerging profit of the related policies using the same assumptions that were used in computing liabilities for future policy benefits. For the amortization of the value of acquired insurance in force, the Company periodically reviews its estimates of gross profits. The most significant assumptions involved in the estimation of gross profits include interest rate spreads, future financial market performance, business surrender/lapse rates, mortality and morbidity, expenses and the impact of realized investment gains and losses. In the event actual experience differs significantly from assumptions or assumptions are significantly revised, the Company is required to record a charge or credit to amortization expense for the period in which an adjustment is made. As of December 31, 2021 2020, five 2022, 2023, 2024, 2025 2026. Other Assets and Other Liabilities Other assets consist primarily of advances to mortgage loan originator, receivable for securities sold, federal and state income taxes recoverable, guaranty funds, notes receivable, prepaid assets, deposits, other receivables and property and equipment. Other liabilities consist primarily of accrued expenses payable, accounts payable, remittance and suspense items not Policyholders Account Balances The Company’s liability for policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the financial statement date. This liability is generally equal to the accumulated account deposits plus interest credited less policyholders’ withdrawals and other charges assessed against the account balance. Interest crediting rates for individual annuities range from 2.25% to 4.50%. Interest crediting rates for deposit-type liabilities range from 2.50% to 4.00%. Future Policy Benefits The Company’s liability for future policy benefits is primarily comprised of the present value of estimated future payments to or on behalf of policyholders, where the timing and amount of payment depends on policyholder mortality or morbidity, less the present value of future net premiums. For life insurance and annuity products, expected mortality and morbidity is generally based on the Company’s historical experience or standard industry tables including a provision for the risk of adverse deviation. Interest rate assumptions are based on factors such as market conditions and expected investment returns. Although mortality, morbidity and interest rate assumptions are “locked-in” upon the issuance of new insurance with fixed and guaranteed terms, significant changes in experience or assumptions may Policy Claims Policy claim liabilities represent the estimated liabilities for claims reported plus estimated incurred but not Federal Income Taxes The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes are provided for cumulative temporary differences between balances of assets and liabilities determined under U.S. GAAP and balances determined using tax bases. A valuation allowance is established for the amount of the deferred tax asset that exceeds the amount of the estimated future taxable income needed to utilize the future tax benefits. Common Stock Class A and Class B common stock are fully paid, non-assessable and has a par value of $.01 Treasury Stock Treasury stock, representing shares of the Company’s common stock that have been reacquired after having been issued and fully paid, is recorded at the reacquisition cost and the shares are no Accumulated Other Comprehensive Income (Loss) FASB guidance requires the inclusion of unrealized gains or losses on available-for-sale securities, net of tax, as a component of other comprehensive income (loss). Unrealized gains and losses recognized in accumulated other comprehensive income (loss) that are later recognized in net income through a reclassification adjustment are identified on the specific identification method. In addition, deferred acquisition costs related to limited-payment long-duration insurance and annuity contracts are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from available-for-sale securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of “Accumulated Other Comprehensive Income (Loss)” in the shareholders’ equity section of the statement of financial position. Revenues and Expenses Revenues on traditional life insurance products consist of direct premiums reported as earned when due. Liabilities for future policy benefits are provided and acquisition costs are amortized in a systematic manner based on the related contract revenues or gross profits as appropriate. Acquisition costs for traditional life insurance contracts are deferred to the extent deemed recoverable and are amortized over the premium paying period of the related policies using assumptions consistent with those used in computing future policy benefit liabilities. Traditional life insurance products are treated as long-duration contracts since they generally remain in force for the lifetime of the insured. Deferred acquisition costs related to insurance and annuity products that subject the Company to mortality or morbidity risk over a period that extends beyond the period or periods in which premiums are collected and that have terms that are fixed and guaranteed are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies. These types of insurance and annuity contracts are treated as long-duration insurance contracts since they generally remain in force for an extended period. Net Income Per Common Share Basic and Diluted For the years ended December 31, 2021 2020, For the year ended December 31, 2021, December 31, 2020, The weighted average outstanding common shares basic for the years ended December 31, 2021 2020 November 12, 2020 November 12, 2020. Subsequent Events On January 4, 2022, February 2022. March 1, 2022, 2022. Management has evaluated all events subsequent to December 31, 2021 Recent Accounting Pronouncements Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, 2016 13 The expected credit losses, and subsequent adjustments to such losses, will be recorded through an allowance account that is deducted from the amortized cost basis of the financial asset, with the net carrying value of the financial asset presented on the consolidated balance sheet at the amount expected to be collected. 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. 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, 2024. not 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. not Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 first 2021. not Business Combinations Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, 2021 08 Revenue from Contracts with Customers 606” The amendments in this Update primarily address the accounting for contract assets and contract liabilities from revenue contracts with customers in a business combination. These amendments, however, also apply to contract assets and contract liabilities from other contracts to which the provisions of Topic 606 not may 606 not The amendments in this Update are effective for the Company as a public business entity for fiscal years beginning after December 15, 2022, not

Note 2 - Investments

Note 2 - Investments	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. Fixed Maturity Securities Investments in fixed maturity securities as of December 31, 2021 2020 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value December 31, 2021 Fixed maturity securities U.S. government and U.S. government agencies $ 428,153 $ 812 $ 1,952 $ 427,013 States and political subdivisions 8,463,941 689,564 24,553 9,128,952 Commercial mortgage-backed securities 3,458,408 252 34,265 3,424,395 Residential mortgage-backed securities 11,081 13,195 - 24,276 Corporate bonds 116,230,579 12,731,684 100,882 128,861,381 Asset-backed securities 5,278,819 57,290 17,806 5,318,303 Exchange traded securities 549,334 - 32,734 516,600 Foreign bonds 31,286,049 3,493,469 46,192 34,733,326 Redeemable preferred securities 1,250,000 - 17,600 1,232,400 Certificate of deposits 400,000 10,392 - 410,392 Total fixed maturity securities $ 167,356,364 $ 16,996,658 $ 275,984 $ 184,077,038 December 31, 2020 Fixed maturity securities U.S. government and U.S. government agencies $ 430,735 $ 3,568 $ - $ 434,303 States and political subdivisions 8,830,403 891,285 31,932 9,689,756 Residential mortgage-backed securities 14,022 14,420 - 28,442 Corporate bonds 106,387,417 16,859,782 111,840 123,135,359 Asset-backed securities 2,052,174 32,908 47,813 2,037,269 Exchange traded securities 500,000 - 200 499,800 Foreign bonds 29,616,259 4,641,338 59,230 34,198,367 Certificate of deposits 600,000 24,540 - 624,540 Total fixed maturity securities $ 148,431,010 $ 22,467,841 $ 251,015 $ 170,647,836 All securities in an unrealized loss position as of the financial statement dates, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position as of December 31, 2021 2020 Unrealized Number of Fair Value Loss Securities December 31, 2021 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 301,195 $ 1,952 2 States and political subdivisions 337,421 1,724 2 Commercial mortgage-backed securities 3,323,141 34,265 7 Corporate bonds 10,991,840 100,882 30 Asset-backed securities 3,475,854 9,544 8 Exchange traded securities 516,600 32,734 2 Redeemable preferred securities 482,400 17,600 2 Foreign bonds 2,408,472 46,192 6 Total less than 12 months in an unrealized loss position 21,836,923 244,893 59 More than 12 months in an unrealized loss position States and political subdivisions 626,754 22,829 1 Asset-backed securities 345,299 8,262 1 Total more than 12 months in an unrealized loss position 972,053 31,091 2 Total fixed maturity securities in an unrealized loss position $ 22,808,976 $ 275,984 61 December 31, 2020 Fixed maturity securities Less than 12 months in an unrealized loss position States and political subdivisions $ 625,098 $ 31,932 1 Corporate bonds 878,716 41,508 3 Asset-backed securities 1,047,443 47,813 3 Exchange traded securities 499,800 200 2 Foreign bonds 285,569 28,282 4 Total less than 12 months in an unrealized loss position 3,336,626 149,735 13 More than 12 months in an unrealized loss position Corporate bonds 1,084,205 70,332 3 Foreign bonds 532,875 30,948 1 Total more than 12 months in an unrealized loss position 1,617,080 101,280 4 Total fixed maturity securities in an unrealized loss position $ 4,953,706 $ 251,015 17 As of December 31, 2021, December 31, 2021. 61 As of December 31, 2020, December 31, 2020. 17 The Company’s decision to record an impairment loss is primarily based on whether the security’s fair value is likely to remain significantly below its book value based on all of the factors considered. Factors that are considered include the length of time the security’s fair value has been below its carrying amount, the severity of the decline in value, the credit worthiness of the issuer, and the coupon and/or dividend payment history of the issuer. The Company also assesses whether it intends to sell or whether it is more likely than not may For any fixed maturity securities that are other-than-temporarily impaired, the Company determines the portion of the other-than-temporary impairment that is credit-related and the portion that is related to other factors. The credit-related portion is the difference between the expected future cash flows and the amortized cost basis of the fixed maturity security, and that difference is charged to earnings. The non-credit-related portion representing the remaining difference to fair value is recognized in other comprehensive income (loss). Only in the case of a credit-related impairment where management has the intent to sell the security, or it is more likely than not The Company recorded one other-than-temporary impairment during 2020. 2020, December 31, 2020. no 2020. There were no December 31, 2021. Management believes that the Company will fully recover its cost basis in the securities held as of December 31, 2021, not not Net unrealized gains included in other comprehensive income (loss) for investments classified as available-for-sale, net of the effect of deferred income taxes and deferred acquisition costs assuming that the appreciation had been realized as of December 31, 2021 2020 December 31, 2021 December 31, 2020 Unrealized appreciation on available-for-sale securities $ 16,720,674 $ 22,216,826 Adjustment to deferred acquisition costs (6,969 ) (41,057 ) Deferred income taxes (3,509,878 ) (4,656,911 ) Net unrealized appreciation on available-for-sale securities $ 13,203,827 $ 17,518,858 The amortized cost and fair value of fixed maturity available-for-sale securities as of December 31, 2021, December 31, 2021 Fixed Maturities Available-For-Sale Securities Amortized Cost Fair Value Due in one year or les $ 2,808,783 $ 2,846,451 Due in one year through five years 37,361,054 39,055,956 Due after five years through ten years 39,395,049 42,867,654 Due after ten years 83,071,989 94,625,906 Due at multiple maturity dates 4,719,489 4,681,071 $ 167,356,364 $ 184,077,038 Expected maturities will differ from contractual maturities because borrowers may Proceeds and gross realized gains (losses) from the sales, calls and maturities of fixed maturity securities available-for-sale, equity securities, investment real estate, mortgage loans on real estate and other long-term investments for the years ended December 31, 2021 2020 Years Ended December 31, Fixed Maturity Securities Equity Securities Investment Real Estate 2021 2020 2021 2020 2021 2020 Proceeds $ 14,374,511 $ 22,381,124 $ 89 $ - $ 818,018 $ 2,216,780 Gross realized gains 780,266 643,648 89 - 289,840 347,039 Gross realized losses (166,491 ) (90,474 ) - - - - Loss on other-than- temporary impairment - (801,340 ) - - - - Years Ended December 31, Mortgage Loans on Real Estate Other Long-Term Investments 2021 2020 2021 2020 Proceeds $ 28,966,890 $ 6,345,816 $ 12,812,964 $ - Gross realized gains 39,727 108,101 - - Gross realized losses (4,417 ) - (83,339 ) - Loss on other-than- temporary impairment - - - - The accumulated change in net unrealized investment gains (losses) for fixed maturity available-for-sale securities for the years ended December 31, 2021 2020 December 31, 2021 2020 Years Ended December 31, 2021 2020 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (5,496,152 ) $ 10,023,995 Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 613,775 553,174 Equity securities, sale of securities 89 - Equity securities, changes in fair value 42,876 (1,046 ) Investment real estate 289,840 347,039 Mortgage loans on real estate 35,310 108,101 Other long-term investments (83,339 ) - Mortgage Loans on Real Estate The Company’s mortgage loans by property type as of December 31, 2021 2020 December 31, 2021 December 31, 2020 Residential mortgage loans $ 169,368,048 $ 163,906,373 Commercial mortgage loans by property type Apartment 175,121 - Industrial 1,170,544 670,708 Lodging 280,836 290,889 Office building 2,285,403 4,596,331 Retail 4,228,099 5,444,761 Total commercial mortgage loans by property type 8,140,003 11,002,689 Total mortgage loans $ 177,508,051 $ 174,909,062 The Company utilizes the ratio of the carrying value of individual mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). The Company’s residential and commercial (includes apartment, industrial, lodging, office building and retail) mortgage loans on real estate by credit quality using this ratio as of December 31, 2021 2020 December 31, Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans Loan-To-Value Ratio 2021 2020 2021 2020 2021 2020 Over 70% to 80% $ 52,292,906 $ 53,905,657 $ 1,069,973 $ - $ 53,362,879 $ 53,905,657 Over 60% to 70% 50,445,981 50,752,236 1,359,831 1,608,934 51,805,812 52,361,170 Over 50% to 60% 26,492,616 27,493,242 1,496,664 2,391,856 27,989,280 29,885,098 Over 40% to 50% 19,235,027 13,875,675 312,648 786,143 19,547,675 14,661,818 Over 30% to 40% 7,843,501 7,846,306 1,471,023 1,176,419 9,314,524 9,022,725 Over 20% to 30% 9,482,943 5,538,886 1,916,446 2,774,020 11,399,389 8,312,906 Over 10% to 20% 2,737,111 3,699,228 513,418 2,072,994 3,250,529 5,772,222 10% or less 837,963 795,143 - 192,323 837,963 987,466 Total $ 169,368,048 $ 163,906,373 $ 8,140,003 $ 11,002,689 $ 177,508,051 $ 174,909,062 The outstanding principal balance of mortgage loans, by state, as of December 31, 2021 2020 December 31, 2021 December 31, 2020 Amount Percentage Amount Percentage Alabama $ 788,026 0.44 % $ 1,205,848 0.69 % Arizona 726,676 0.41 % 1,111,244 0.64 % Arkansas 723,456 0.41 % 618,038 0.35 % California 8,890,865 5.01 % 8,054,996 4.61 % Colorado 55,838 0.03 % 56,621 0.03 % Connecticut 3,735,358 2.10 % 985,525 0.56 % Delaware 61,318 0.03 % 520,569 0.30 % District of Columbia - 0.00 % 720,000 0.41 % Florida 48,603,579 27.38 % 41,034,631 23.46 % Georgia 7,852,783 4.42 % 9,918,563 5.67 % Hawaii - 0.00 % 227,068 0.13 % Idaho - 0.00 % 212,409 0.12 % Illinois 3,606,147 2.03 % 5,018,145 2.87 % Indiana 1,884,980 1.06 % 916,706 0.52 % Kansas 389,644 0.22 % 375,870 0.21 % Kentucky 76,259 0.04 % - 0.00 % Louisiana 149,861 0.08 % 503,787 0.29 % Maine 124,733 0.07 % 126,414 0.07 % Maryland 508,856 0.29 % 589,487 0.34 % Massachusetts 1,141,814 0.64 % 2,005,130 1.15 % Michigan 429,905 0.24 % 236,135 0.14 % Minnesota 866,964 0.49 % 880,922 0.50 % Mississippi 37,128 0.02 % 80,830 0.05 % Missouri 5,894,094 3.32 % 2,283,186 1.31 % Montana 700,000 0.39 % - 0.00 % Nevada - 0.00 % 11,668 0.01 % New Jersey 9,558,374 5.38 % 8,683,341 4.96 % New Mexico 80,415 0.05 % 80,975 0.05 % New York 9,948,828 5.60 % 4,915,742 2.81 % North Carolina 1,733,732 0.98 % 2,356,697 1.35 % Ohio 6,809,487 3.84 % 4,732,716 2.71 % Oklahoma 645,008 0.36 % 510,194 0.29 % Oregon 105,446 0.06 % 563,014 0.32 % Pennsylvania 794,333 0.45 % 637,063 0.36 % South Carolina 1,004,438 0.57 % 728,933 0.42 % Tennessee 2,737,512 1.54 % 4,211,195 2.41 % Texas 55,003,626 31.02 % 67,127,667 38.38 % Utah - 0.00 % 2,000,000 1.14 % Vermont 220,093 0.12 % 231,266 0.13 % Virginia 1,081,200 0.61 % 400,502 0.23 % Washington 811,405 0.46 % 325,369 0.19 % Wisconsin 432,389 0.24 % 208,905 0.12 % Mortgage loan allowance and unamortized origination fees (706,519 ) -0.40 % (498,309 ) -0.30 % $ 177,508,051 100 % $ 174,909,062 100 % During 2021, 2020, The principal balances of the 1,086 residential mortgage loans owned by the Company as of December 31, 2021 December 31, 2021 The principal balances of the 1,260 residential mortgage loans owned by the Company as of December 31, 2020 December 31, 2020 There were 10 mortgage loans with a remaining principal balance of $1,717,496 that were more than 90 days past due as of December 31, 2021. December 31, 2021. There were 24 loans with a remaining principal balance of $3,979,997 that were more than 90 days past due as of December 31, 2020. December 31, 2020. There are allowances for losses on mortgage loans of $706,519 and $541,894 as of December 31, 2021 2020, December 31, 2021, third one December 31, 2020, third one In 2021 2020 not Investment real estate On November 16, 2020, TLIC owns approximately three acres of undeveloped land located in Topeka, Kansas with a carrying value of $409,436. FBLIC owns approximately one During 2021, 2021, During 2020, 2020, The Company’s investment real estate as of December 31, 2021 2020 December 31, 2021 2020 Land - held for investment $ 540,436 $ 540,436 Residential real estate - held for sale 147,909 217,500 Total investment in real estate $ 688,345 $ 757,936 Other Long-Term Investments The Company’s investment in lottery prize cash flows was $65,929,215 and $71,025,133 as of December 31, 2021 2020, The amortized cost and estimated fair value of lottery prize cash flows, by contractual maturity, as of December 31, 2021 December 31, 2021 Amortized Cost Fair Value Due in one year or less $ 12,224,287 $ 12,490,448 Due in one year through five years 34,102,657 38,666,991 Due after five years through ten years 13,862,868 18,493,808 Due after ten years 5,739,403 11,016,719 $ 65,929,215 $ 80,667,966 The outstanding balance of lottery prize cash flows, by state lottery, as of December 31, 2021 2020 December 31, 2021 December 31, 2020 Amount Percentage Amount Percentage Arizona $ 383,181 0.58 % $ 418,672 0.59 % California 6,757,460 10.25 % 7,361,932 10.37 % Connecticut 2,515,625 3.82 % 2,649,985 3.73 % Florida - 0.00 % 49,470 0.07 % Georgia 3,710,308 5.63 % 4,245,463 5.98 % Illinois 669,246 1.02 % 727,077 1.02 % Indiana 5,411,453 8.21 % 5,927,346 8.35 % Maine 78,497 0.12 % 157,136 0.22 % Massachusetts 14,753,225 22.38 % 16,519,603 23.26 % Michigan 229,980 0.35 % 247,786 0.35 % Missouri 82,794 0.13 % 91,881 0.13 % New Jersey 219,330 0.33 % 429,240 0.60 % New York 22,286,381 33.79 % 23,089,597 32.51 % Ohio 3,855,506 5.85 % 4,298,468 6.05 % Oregon 78,848 0.12 % 112,728 0.16 % Pennsylvania 1,348,166 2.04 % 1,632,023 2.30 % Texas 2,331,444 3.54 % 2,479,933 3.49 % Virginia 47,433 0.07 % 59,759 0.08 % Vermont 897,936 1.36 % 247,065 0.35 % Washington 272,402 0.41 % 279,969 0.39 % $ 65,929,215 100.00 % $ 71,025,133 100.00 % Major categories of net investment income for the years ended December 31, 2021 2020 Years Ended December 31, 2021 2020 Fixed maturity securities $ 7,121,593 $ 7,162,012 Equity securities 121,585 100,817 Other long-term investments 4,806,506 5,166,428 Mortgage loans 14,263,706 14,651,491 Policy loans 163,893 153,316 Real estate - 252,047 Short-term and other investments 107,221 101,129 Gross investment income 26,584,504 27,587,240 Investment expenses (2,600,316 ) (3,502,939 ) Net investment income $ 23,984,188 $ 24,084,301

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	3. 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 and equity securities that are measured and reported at fair market value on the statement of financial position. The Company determines the fair market values of its financial instruments based on the fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three may Level 1 1 Level 2 1 not 2 Level 3 no 3 not The Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into the three A review of fair value hierarchy classifications is conducted on a quarterly basis. Changes in the valuation inputs, or their ability to be observed, may 3 3 The Company’s fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of December 31, 2021 2020 Level 1 Level 2 Level 3 Total December 31, 2021 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 427,013 $ - $ 427,013 States and political subdivisions - 9,128,952 - 9,128,952 Commercial mortgage-backed securities - 3,424,395 - 3,424,395 Residential mortgage-backed securities - 24,276 - 24,276 Corporate bonds - 128,861,381 - 128,861,381 Asset-backed securities - 5,318,303 - 5,318,303 Exchange traded securities - 516,600 - 516,600 Foreign bonds - 34,733,326 - 34,733,326 Redeemable preferred securities - 1,232,400 - 1,232,400 Certificate of deposit - 410,392 - 410,392 Total fixed maturity securities $ - $ 184,077,038 $ - $ 184,077,038 Equity securities Mutual funds $ - $ 76,816 $ - $ 76,816 Corporate common stock 207,979 - 63,423 271,402 Total equity securities $ 207,979 $ 76,816 $ 63,423 $ 348,218 December 31, 2020 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 434,303 $ - $ 434,303 States and political subdivisions - 9,689,756 - 9,689,756 Residential mortgage-backed securities - 28,442 - 28,442 Corporate bonds - 123,135,359 - 123,135,359 Asset-backed securities - 2,037,269 - 2,037,269 Exchange traded securities - 499,800 - 499,800 Foreign bonds - 34,198,367 - 34,198,367 Certificate of deposit - 624,540 - 624,540 Total fixed maturity securities $ - $ 170,647,836 $ - $ 170,647,836 Equity securities Mutual funds $ - $ 84,242 $ - $ 84,242 Corporate common stock 51,629 - 67,132 118,761 Total equity securities $ 51,629 $ 84,242 $ 67,132 $ 203,003 As of December 31, 2021 2020, 3 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 equity securities are included in Level 1 2 3. 1 2 not The Company’s fixed maturity available-for-sale securities and equity securities are highly liquid and allows for a high percentage of the portfolio to be priced through pricing services. The change in the fair value of the Company’s Level 3 December 31, 2021 2020 December 31, 2021 2020 Beginning balance $ 67,132 $ 64,107 Joint venture net income 75,195 90,292 Joint venture distribution (78,904 ) (87,267 ) Ending balance $ 63,423 $ 67,132 9 Fair Value of Financial Instruments The carrying amount and fair value of the Company’s financial assets and financial liabilities disclosed, but not December 31, 2021 2020, Carrying Fair Amount Value Level 1 Level 2 Level 3 December 31, 2021 Financial assets Mortgage loans on real estate Commercial $ 8,140,003 $ 8,917,023 $ - $ - $ 8,917,023 Residential 169,368,048 187,336,689 - - 187,336,689 Policy loans 2,272,629 2,272,629 - - 2,272,629 Short-term investments 3,296,838 3,296,838 3,296,838 - - Other long-term investments 65,929,215 80,667,966 - - 80,667,966 Cash and cash equivalents 42,528,046 42,528,046 42,528,046 - - Accrued investment income 4,879,290 4,879,290 - - 4,879,290 Total financial assets $ 296,414,069 $ 329,898,481 $ 45,824,884 $ - $ 284,073,597 Financial liabilities Policyholders' account balances $ 373,647,869 $ 373,412,607 $ - $ - $ 373,412,607 Policy claims 2,381,183 2,381,183 - - 2,381,183 Total financial liabilities $ 376,029,052 $ 375,793,790 $ - $ - $ 375,793,790 December 31, 2020 Financial assets Mortgage loans on real estate Commercial $ 11,002,689 $ 11,085,406 $ - $ - $ 11,085,406 Residential 163,906,373 184,802,993 - - 184,802,993 Policy loans 2,108,678 2,108,678 - - 2,108,678 Short-term investments 3,309,020 3,309,020 3,309,020 - - Other long-term investments 71,025,133 89,264,246 - - 89,264,246 Cash and cash equivalents 40,230,095 40,230,095 40,230,095 - - Accrued investment income 5,370,508 5,370,508 - - 5,370,508 Total financial assets $ 296,952,496 $ 336,170,946 $ 43,539,115 $ - $ 292,631,831 Financial liabilities Policyholders' account balances $ 362,519,753 $ 380,666,901 $ - $ - $ 380,666,901 Policy claims 2,099,548 2,099,548 - - 2,099,548 Total financial liabilities $ 364,619,301 $ 382,766,449 $ - $ - $ 382,766,449 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 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 both residential and commercial mortgage loans, the discount rate used was indexed to the LIBOR yield curve adjusted for an appropriate credit spread. Cash and Cash Equivalents, Short-Term Investments, Accrued Investment Income and Policy Loans The carrying value of these financial instruments approximates their fair values. Cash and cash equivalents and short-term investments are included in Level 1 Other Long-Term Investments Other long-term investments are comprised of lottery prize receivables and fair value is derived by using a discounted cash flow approach. Projected cash flows are discounted using the average FTSE Pension Liability Index in effect at the end of each period. Investment Contracts Policyholders Account Balances The fair value for liabilities under investment-type insurance contracts (accumulation annuities) is calculated using a discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using risk-free rates adjusted for credit risk and the nonperformance risk of the liabilities. The fair values for insurance contracts other than investment-type contracts are not Policy Claims The carrying amounts reported for these liabilities approximate their fair value.

Note 4 - Special Deposits

Note 4 - Special Deposits	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Restricted Assets Disclosure [Text Block]	4. TLIC and FBLIC are required to hold assets on deposit for the benefit of policyholders and other special deposits in accordance with statutory rules and regulations. As of December 31, 2021 2020, December 31, 2021 2020,

Note 5 - Allowance for Loan Los

Note 5 - Allowance for Loan Losses From Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Premiums Receivable Note [Text Block]	5. Allowance for Loan Losses from Mortgage Loans on Real Estate As of December 31, 2021, third December 31, 2021, December 31, 2021 December 31, 2021. As of December 31, 2020, third December 31, 2020, December 31, 2020 December 31, 2020. The balances of and changes in the Company’s credit losses related to residential and commercial (includes apartment, industrial, lodging, office building and retail) mortgage loans on real estate as of and for the years ended December 31, 2021 2020 December 31, 2021 2020, one third Years Ended December 31, Residential Mortgage Loans Commercial Mortgage Loans Total 2021 2020 2021 2020 2021 2020 Allowance, beginning $ 486,604 $ 443,057 $ 55,290 $ 62,321 $ 541,894 $ 505,378 Charge offs - - - - - - Recoveries - - - - - - Provision 188,558 43,547 (23,933 ) (7,031 ) 164,625 36,516 Allowance, ending $ 675,162 $ 486,604 $ 31,357 $ 55,290 $ 706,519 $ 541,894 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 675,162 $ 486,604 $ 31,357 $ 55,290 $ 706,519 $ 541,894 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 132,457,234 $ 96,877,653 $ 8,140,003 $ 11,002,689 $ 140,597,237 $ 107,880,342

Note 6 - Deferred Policy Acquis

Note 6 - Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Deferred Policy Acquisition Costs [Text Block]	6. The balances of and changes in deferred acquisition costs as of and for the years ended December 31, 2021 2020 2021 2020 Balance, beginning of year $ 44,513,669 $ 38,005,639 Capitalization of commissions, sales and issue expenses 12,102,070 11,856,420 Amortization (6,932,504 ) (5,327,177 ) Deferred acquisition costs allocated to investments 34,088 (21,213 ) Balance, end of year $ 49,717,323 $ 44,513,669

Note 7 - Federal Income Taxes

Note 7 - Federal Income Taxes	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. FTFC filed 2020 2019 five Certain items included in income reported for financial statement purposes are not A reconciliation of federal income tax expense computed by applying the federal income tax rate of 21% to income before federal income tax expense for the years ended December 31, 2021 2020, Years Ended December 31, 2021 2020 Expected tax expense $ 771,390 $ 856,967 Difference in book versus tax basis of available-for-sale securities 142,199 (179,854 ) Net operating losses 122,654 44,547 Discount amortization 60,066 (13,094 ) Policy loans 32,494 (16,128 ) Non taxable international losses 31,864 22,027 Mortgage loans 11,822 12,852 Future policy benefits (1,672 ) 9,011 Reinsurance recoverable (31,356 ) 6,813 Adjustment of prior years' taxes (154,921 ) (46,466 ) Capital gain taxes (188,534 ) 152,306 Other 19,912 53,123 Total income tax expense $ 815,918 $ 902,104 Deferred taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax liabilities and assets as of December 31, 2021 2020 December 31, 2021 2020 Deferred tax liabilities: Net unrealized investment gains $ 3,509,878 $ 4,656,911 Deferred policy acquisition costs 8,794,233 7,775,267 Value of insurance business acquired 906,884 964,525 Reinsurance recoverable 216,819 248,175 Due premiums 79,368 87,937 Available-for-sale fixed maturity securities 42,030 - Investment real estate 23,425 23,425 Other 26,949 18,635 Total deferred tax liabilities 13,599,586 13,774,875 Deferred tax assets: Policyholders' account balances and future policy benefits 3,761,239 3,591,696 Net operating loss carryforward 683,720 679,303 Mortgage loans 148,369 104,645 Available-for-sale fixed maturity securities - 100,582 Policy claims - 32,494 Unearned investment income 19,154 14,978 Available-for-sale equity securities 11,860 20,864 Dividend liability 8,941 9,408 Total deferred tax assets 4,633,283 4,553,970 Net deferred tax liabilities $ 8,966,303 $ 9,220,905 FTFC has net operating loss carryforwards of $2,570,700 expiring in 2029 2033. 2021, January 1, 2021 2021 2020, January 1, 2020 2020 December 31, 2021. 2021 2020, 2020 $534,713 five not The Company has no not not 2018 2021

Note 8 - Reinsurance

Note 8 - Reinsurance	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Reinsurance [Text Block]	8. TLIC participates in ceded and assumed reinsurance in order to provide risk diversification, additional capacity for future growth and limit the maximum net loss potential arising from large risks. TLIC reinsures all amounts of risk on any one TLIC is a party to an Automatic Retrocession Pool Agreement (the “Reinsurance Pool”) with Optimum Re, Catholic Order of Foresters, American Home Life Insurance Company and Woodmen of the World. The agreement provides for automatic retrocession of coverage in excess of Optimum Re’s retention on business ceded to Optimum Re by the other parties to the Reinsurance Pool. TLIC’s maximum exposure on any one $100,000. January 1, 2008, Effective September 29, 2005, 50/50 January 1, 2005. June 24, 2006, FBLIC also participates in reinsurance in order to provide risk diversification, additional capacity for future growth and limit the maximum net loss potential arising from large risks. FBLIC reinsures initial amounts of risk on any one To the extent that the reinsurance companies are unable to meet their obligations under the reinsurance agreements, TLIC and FBLIC remain primarily liable for the entire amount at risk. Statutory reinsurance assumed and ceded amounts for TLIC and FBLIC for 2021 2020 2021 2020 Premiums assumed $ 4,745,854 $ 3,023,178 Commissions and expense allowances assumed 1,920,939 1,494,464 Benefits assumed 78,203 88,171 Reserve credits assumed 5,714,631 2,944,668 In force amount assumed 78,467,315 56,417,493 Premiums ceded 1,679,793 2,130,523 Commissions and expense allowances ceded 50,407 80,383 Benefits ceded 3,036,438 2,234,094 Reserve credits ceded 103,209,641 104,593,282 In force amount ceded 50,756,838 57,739,638 Effective January 1, 2018, 90% December 31, 2017 April 1, 2020, In accordance with this annuity coinsurance agreement, TLIC holds assets and recognizes a funds withheld liability for the benefit of the assuming company in an amount at least equal to the annuity reserves in accordance with U.S. statutory accounting principles generated by this ceded business. In addition, the assuming company maintains a trust related to this ceded business amounting to at least an additional 4% of assets above the annuity reserve required under U.S. statutory accounting principles. This coinsurance agreement may 30 In 2019, October 1, 2018, September 30, 2018

Note 9 - Leases

Note 9 - Leases	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Operating Leases [Text Block]	9. The Company leases 7,302 square feet of office space in Tulsa, Oklahoma. The lease began on October 1, 2015 September 30, 2020. August 1, 2020 September 30, 2027. 7,302 December 31, 2021 2020, In accordance with the current lease, the Company was provided an allowance of $54,152 for leasehold improvements. For the amended lease, the Company was provided allowance of $77,000 for leasehold improvements. The leasehold improvement allowance is amortized over the non-cancellable lease term and reduced rent expense by $13,750 and $8,123 for the years ended December 31, 2021 2020, 2022, 2023, 2024, 2025 2026, On November 16, 2020, November 16, 2020. Prior to November 16, 2020, five June 1, 2016 May 31, 2021, five June 1, 2021 May 31, 2026. June 1, 2021, July 1, 2016, 59 June 1, 2018 May 31, 2019, June 1, 2019 May 31, 2020 June 1, 2020 November 16, 2020. Prior to November 16, 2020, September 1, 2015 August 31, 2017 three August 31, 2020. September 1, 2020. September 1, 2020 August 31, 2028 August 31, 2030. September 1, 2028, September 1, 2020 September 1, 2018 August 31, 2019, September 1, 2019 August 31, 2020 September 1, 2020 November 16, 2020.

Note 10 - Shareholders' Equity

Note 10 - Shareholders' Equity and Statutory Accounting Practices	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	10. Equity and Statutory Accounting Practices TLIC is domiciled in Oklahoma and prepares its statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the OID. FBLIC is domiciled in Missouri and prepares its statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the MDCI. Prescribed statutory accounting practices include publications of the National Association of Insurance Commissioners, state laws, regulations, and general administrative rules. Permitted statutory accounting practices encompass all accounting practices not The statutory net income (loss) for TLIC amounted to ($563,056) and ($1,526,638) for the years ended December 31, 2021 2020, December 31, 2021 2020, December 31, 2021 2020, December 31, 2021 2020, TLIC is subject to Oklahoma laws and FBLIC is subject to Missouri laws that limit the amount of dividends insurance companies can pay to stockholders without approval of the respective Departments of Insurance. The maximum dividend, which may twelve December 31 may 2022 2022 2021 2020.

Note 11 - Segment Data

Note 11 - Segment Data	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	11. The Company has a life insurance segment, consisting of the life insurance operations of TLIC, FBLIC and TAI, an annuity segment, consisting of the annuity operations of TLIC, FBLIC and TAI and a corporate segment. Results for the parent company and the operations of TMC, after elimination of intercompany amounts, are allocated to the corporate segment. These segments as of and for the years ended December 31, 2021 2020 Year Ended December 31, 2021 2020 Revenues: Life insurance operations $ 36,727,984 $ 32,236,531 Annuity operations 19,794,712 19,724,655 Corporate operations 593,545 829,819 Total $ 57,116,241 $ 52,791,005 Income before income taxes: Life insurance operations $ 1,405,948 $ 337,686 Annuity operations 2,203,412 2,986,150 Corporate operations 63,928 756,958 Total $ 3,673,288 $ 4,080,794 Depreciation and amortization expense: Life insurance operations $ 6,179,866 $ 4,733,751 Annuity operations 1,070,701 1,046,400 Total $ 7,250,567 $ 5,780,151 December 31, 2021 2020 Assets: Life insurance operations $ 133,378,698 $ 120,484,734 Annuity operations 521,742,643 518,257,307 Corporate operations 4,637,593 4,853,228 Total $ 659,758,934 $ 643,595,269

Note 12 - Concentrations of Cre

Note 12 - Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	12. Credit risk is limited by diversifying the Company’s investments. The Company maintains cash and cash equivalents at multiple institutions. The Federal Deposit Insurance Corporation insures accounts up to $250,000. Uninsured balances aggregate $40,431,952 as of December 31, 2021. not The Company’s lottery prize receivables due from various states and the geographical distribution of the Company’s mortgage loans by state are summarized in Note 2.

Note 13 - Contingent Liabilitie

Note 13 - Contingent Liabilities	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Contingencies Disclosure [Text Block]	13. Contingent Liabilities A lawsuit filed by the Company and Chairman, President and Chief Executive Officer, Gregg E. Zahn, in 2013 February 17, 2017. The jury originally 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 of damages against Mr. Pettigrew. In addition, the jury found that Mr. Pettigrew had defamed Mr. Zahn and intentionally inflicted emotional distress on Mr. Zahn and awarded Mr. Zahn $3,500,000 of damages against Mr. Pettigrew. In addition to the original damages awarded by the jury, the Company and Mr. Zahn began to aggressively communicate the correction of the untrue statements to outside parties. Mr. Pettigrew appealed this decision. In February 2020, not December 2020, It remains the Company’s intention to again vigorously prosecute this action against the Defendants for damages and for correction of the defamatory statements. In the opinion of the Company’s management, the ultimate resolution of any contingencies that 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 14 - Related Party Transac

Note 14 - Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	14. On June 28, 2021, December 31, 2020,

Note 15 - Other Comprehensive I

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	15. The changes in the components of the Company’s accumulated other comprehensive income (loss) for the years ended December 31, 2021 2020 Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income Year Ended December 31, 2021 Balance as of January 1, 2021 $ 17,551,279 $ (32,421 ) $ 17,518,858 Other comprehensive loss before reclassifications, net of tax (3,857,078 ) 26,929 (3,830,149 ) Less amounts reclassified from accumulated other comprehensive income, net of tax 484,882 - 484,882 Other comprehensive loss (4,341,960 ) 26,929 (4,315,031 ) Balance as of December 31, 2021 $ 13,209,319 $ (5,492 ) $ 13,203,827 Year Ended December 31, 2020 Balance as of January 1, 2020 $ 9,632,323 $ (15,663 ) $ 9,616,660 Other comprehensive income before reclassifications, net of tax 7,722,905 (16,758 ) 7,706,147 Less amounts reclassified from accumulated other comprehensive income, net of tax (196,051 ) - (196,051 ) Other comprehensive income 7,918,956 (16,758 ) 7,902,198 Balance as of December 31, 2020 $ 17,551,279 $ (32,421 ) $ 17,518,858 The pretax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit) for each component for the years ended December 31, 2021 2020 Income Tax Expense Pretax (Benefit) Net of Tax Year Ended December 31, 2021 Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (4,882,377 ) $ (1,025,299 ) $ (3,857,078 ) Reclassification adjustment for net gains included in operation 613,775 128,893 484,882 Net unrealized losses on investments (5,496,152 ) (1,154,192 ) (4,341,960 ) Adjustment to deferred acquisition costs 34,088 7,159 26,929 Total other comprehensive loss $ (5,462,064 ) $ (1,147,033 ) $ (4,315,031 ) Year Ended December 31, 2020 Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 9,775,829 $ 2,052,924 $ 7,722,905 Reclassification adjustment for net losses included in operation (248,166 ) (52,115 ) (196,051 ) Net unrealized gains on investments 10,023,995 2,105,039 7,918,956 Adjustment to deferred acquisition costs (21,213 ) (4,455 ) (16,758 ) Total other comprehensive income $ 10,002,782 $ 2,100,584 $ 7,902,198 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 to the Company’s consolidated statements of operations for the years ended December 31, 2021 2020 Years Ended December 31, Reclassification Adjustments 2021 2020 Realized gains (losses) on sales of securities (a) $ 613,775 $ (248,166 ) Income tax expense (benefit) (b) 128,893 (52,115 ) Total reclassification adjustments $ 484,882 $ (196,051 ) (a) These items appear within net realized investment gains and loss on other-than-temporary impairments in the consolidated statements of operations. (b) These items appear within federal income taxes in the consolidated statements of operations.

Note 16 - Line of Credit

Note 16 - Line of Credit	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	16. On September 15, 2021, September 15, 2022. 360 $1.5 December 30, 2021 December 31, 2020.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Stockholders' Equity, Policy [Policy Text Block]	Company Capitalization The Company raised $1,450,000 from two private placement stock offerings during 2004 June 22, 2005 February 23, 2007; June 29, 2010 April 30, 2012 August 15, 2012 March 8, 2013. The Company also issued 702,685 shares of its common stock in connection with two stock dividends paid to shareholders in 2011 2012 In 2020, 10% January 1, 2020, The Company has also purchased 247,580 shares of treasury stock at a cost of $893,947 from former members of the Board of Directors including the former Chairman of the Board of Directors, a former agent, the former spouse of the Company’s Chairman, Chief Executive Officer and President and a charitable organization where a former member of the Board of Directors had donated shares of the Company’s common stock.
Company Recapitalization [Policy Text Block]	Company Recapitalization On October 2, 2019, ● An amendment and restatement of FTFC’s Certificate of Incorporation to authorize 40,000,000 shares of Class A common stock and 10,000,000 shares of Class B common stock and to establish the relative rights, preferences and privileges of, and the restrictions and limitations on, the Class A common stock and the Class B common stock. ● 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 Oklahoma Insurance Department (“OID”) on February 27, 2020 December 31, 2019, March 12, 2020. March 12, 2020, one one may one .85
Business Combinations Policy [Policy Text Block]	Acquisition of Other Companies On December 23, 2008, On December 31, 2008, On August 31, 2009, On December 28, 2011, On April 28, 2015, On April 3, 2018, 2019. Effective January 1, 2020,
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts and operations of the Company and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation.
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain reclassifications have been made in the prior year financial statements to conform to current year classifications. These reclassifications had no .
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may may
Investment, Policy [Policy Text Block]	Investments Fixed maturity securities comprised of bonds and redeemable preferred securities are classified as available-for-sale and are carried at fair value with unrealized gains and losses, net of applicable income taxes, reported in accumulated other comprehensive income. The amortized cost of fixed maturity securities available-for-sale is adjusted for amortization of premium and accretion of discount to maturity. Interest income on fixed maturity securities, as well as the related amortization of premium and accretion of discount, is included in net investment income under the effective yield method. Dividend income on redeemable preferred securities are recognized in net investment income when declared. The amortized cost of fixed maturity securities available-for-sale are written down to fair value when a decline in value is considered to be other-than-temporary. The Company evaluates the difference between the cost or amortized cost and estimated fair value of its fixed maturity securities to determine whether any decline in value is other-than-temporary in nature. This determination involves a degree of uncertainty. If a decline in the fair value of a security is determined to be temporary, the decline is recorded as an unrealized loss in stockholders' equity. If a decline in a security's fair value is considered to be other-than-temporary, the Company then determines the proper treatment for the other-than-temporary impairment. For fixed maturity securities available-for-sale, the amount of any other-than-temporary impairment related to a credit loss is recognized in earnings and reflected as a reduction in the cost basis of the security; and the amount of any other-than-temporary impairment related to other factors is recognized in other comprehensive income (loss) with no The assessment of whether a decline in fair value is considered temporary or other-than-temporary includes management's judgment as to the financial position and future prospects of the entity issuing the security. It is not may Likewise, if a change occurs in the Company’s intent to sell temporarily impaired securities prior to maturity or recovery in value, or if it becomes more likely than not If an other-than-temporary impairment related to a credit loss occurs with respect to a bond, the Company amortizes the reduced book value back to the security's expected recovery value over the remaining term of the bond. The Company continues to review the security for further impairment that would prompt another write-down in the value. Equity securities are comprised of mutual funds and common stocks and are carried at fair value. The associated unrealized gains and losses are included in net realized investment gains (losses). Dividends from these investments are recognized in net investment income when declared. Mortgage loans are carried at unpaid balances, net of unamortized premium or discounts. Interest income and the amortization of premiums or discounts are included in net investment income. Mortgage loan fees, certain direct loan origination costs, and purchase premiums and discounts on loans are recognized as an adjustment of yield by the interest method based on the contractual terms of the loan. In certain circumstances, prepayments may not Investment real estate in buildings held for the production of income is carried at cost less accumulated depreciation. Depreciation on investment real estate in buildings held for the production of income was calculated over an estimated useful life of 19 years. Investment real estate in land held for both the production of income and for sale is carried at cost. Investment real estate obtained through foreclosure on mortgage loans on real estate is carried at the lower of acquisition cost or net realizable value. Policy loans are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. Other long-term investments are comprised of lottery prize receivables and are carried at amortized cost. Interest income and the accretion of discount are included in net investment income.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and money market instruments.
Short Term Investments [Policy Text Block]	Short-term investments Short-term investments include funds that have a maturity of more than 90 one
Revenue [Policy Text Block]	Investment Income and Realized Gains and Losses on Sales of Investments Interest and dividends earned on investments are included in net investment income. Realized gains and losses on sales of investments are recognized in operations on the specific identification basis.
Deferred Policy Acquisition Costs, Policy [Policy Text Block]	Deferred Policy Acquisition Costs Commissions and other acquisition costs which vary with and are primarily related to the successful production of new business are deferred and amortized in a systematic manner based on the related contract revenues or gross profits as appropriate. Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. Deferred acquisition costs for the successful production of traditional life insurance contracts are deferred to the extent deemed recoverable and amortized over the premium paying period of the related policies using assumptions consistent with those used in computing future policy benefit liabilities. Deferred acquisition costs related to the successful production of insurance and annuity products that subject the Company to mortality or morbidity risk over a period that extends beyond the period or periods in which premiums are collected and that have terms that are fixed and guaranteed (i.e., limited-payment long-duration annuity contracts) are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies. To the extent that realized gains and losses on fixed income securities result in adjustments to deferred acquisition costs related to insurance and annuity products, such adjustments are reflected as a component of the amortization of deferred acquisition costs. Deferred acquisition costs related to limited-payment long-duration insurance and annuity contracts are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from available-for-sale securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of “Accumulated Other Comprehensive Income (Loss)” in the shareholders’ equity section of the statement of financial position.
Premiums Receivable, Allowance for Doubtful Accounts, Estimation Methodology, Policy [Policy Text Block]	Allowance for Loan Losses from Mortgage Loans The allowance for possible loan losses from investments in mortgage loans on real estate is a reserve established through a provision for possible loan losses charged to expense which represents, in the Company’s judgment, the known and inherent credit losses existing in the residential and commercial mortgage loan portfolio. The allowance, in the judgment of the Company, is necessary to reserve for estimated loan losses inherent in the residential and commercial mortgage loan portfolios and reduces the carrying value of investments in mortgage loans on real estate to the estimated net realizable value on the consolidated statement of financial position. While the Company utilizes its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond the Company’s control, including the performance of the residential and commercial mortgage loan portfolios, the economy and changes in interest rates. The Company’s allowance for possible mortgage loan losses consists of specific valuation allowances established for probable losses on specific loans and a portfolio reserve for probable incurred but not Mortgage loans are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the mortgage loan agreement. Factors considered by the Company in determining impairment include payment status, collateral value of the real estate subject to the mortgage loan, and the probability of collecting scheduled principal and interest payments when due. Mortgage loans that experience insignificant payment delays and payment shortfalls generally are not
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are carried at cost less accumulated depreciation or amortization. Office furniture, equipment and computer software is recorded at cost or fair value at acquisition less accumulated depreciation or amortization using the straight-line method over the estimated useful life of the respective assets of three ten
Reinsurance Accounting Policy [Policy Text Block]	Reinsurance The Company cedes reinsurance under various agreements allowing management to control exposure to potential losses arising from large risks and providing additional capacity for growth. Estimated reinsurance recoverable balances are reported as assets and are recognized in a manner consistent with the liabilities related to the underlying reinsured ceded contracts. The Company also assumes reinsurance under various agreements allowing management to increase growth in assets and profitability. Estimated reinsurance payable balances are reported as liabilities and are recognized in a manner consistent with the assets related to the underlying assumed reinsurance contracts.
Intangible Assets Arising from Insurance Contracts Acquired in Business Combination, Policy [Policy Text Block]	Value of Insurance Business Acquired As a result of the Company’s purchases of FLAC and FBLIC, an asset was recorded in the application of purchase accounting to recognize the value of acquired insurance in force. The Company’s value of acquired insurance in force is an intangible asset with a definite life and is amortized under Financial Accounting Standards Board (“FASB”) guidance. The value of acquired insurance in force is amortized primarily over the emerging profit of the related policies using the same assumptions that were used in computing liabilities for future policy benefits. For the amortization of the value of acquired insurance in force, the Company periodically reviews its estimates of gross profits. The most significant assumptions involved in the estimation of gross profits include interest rate spreads, future financial market performance, business surrender/lapse rates, mortality and morbidity, expenses and the impact of realized investment gains and losses. In the event actual experience differs significantly from assumptions or assumptions are significantly revised, the Company is required to record a charge or credit to amortization expense for the period in which an adjustment is made. As of December 31, 2021 2020, five 2022, 2023, 2024, 2025 2026.
Other Assets and Liabilities, Policy [Policy Text Block]	Other Assets and Other Liabilities Other assets consist primarily of advances to mortgage loan originator, receivable for securities sold, federal and state income taxes recoverable, guaranty funds, notes receivable, prepaid assets, deposits, other receivables and property and equipment. Other liabilities consist primarily of accrued expenses payable, accounts payable, remittance and suspense items not
Policyholder Accounts, Policy [Policy Text Block]	Policyholders Account Balances The Company’s liability for policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the financial statement date. This liability is generally equal to the accumulated account deposits plus interest credited less policyholders’ withdrawals and other charges assessed against the account balance. Interest crediting rates for individual annuities range from 2.25% to 4.50%. Interest crediting rates for deposit-type liabilities range from 2.50% to 4.00%.
Liability for Future Policy Benefit [Policy Text Block]	Future Policy Benefits The Company’s liability for future policy benefits is primarily comprised of the present value of estimated future payments to or on behalf of policyholders, where the timing and amount of payment depends on policyholder mortality or morbidity, less the present value of future net premiums. For life insurance and annuity products, expected mortality and morbidity is generally based on the Company’s historical experience or standard industry tables including a provision for the risk of adverse deviation. Interest rate assumptions are based on factors such as market conditions and expected investment returns. Although mortality, morbidity and interest rate assumptions are “locked-in” upon the issuance of new insurance with fixed and guaranteed terms, significant changes in experience or assumptions may
Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block]	Policy Claims Policy claim liabilities represent the estimated liabilities for claims reported plus estimated incurred but not
Income Tax, Policy [Policy Text Block]	Federal Income Taxes The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes are provided for cumulative temporary differences between balances of assets and liabilities determined under U.S. GAAP and balances determined using tax bases. A valuation allowance is established for the amount of the deferred tax asset that exceeds the amount of the estimated future taxable income needed to utilize the future tax benefits.
Common Stock Policy [Policy Text Block]	Common Stock Class A and Class B common stock are fully paid, non-assessable and has a par value of $.01
Treasury Stock [Policy Text Block]	Treasury Stock Treasury stock, representing shares of the Company’s common stock that have been reacquired after having been issued and fully paid, is recorded at the reacquisition cost and the shares are no
Comprehensive Income, Policy [Policy Text Block]	Accumulated Other Comprehensive Income (Loss) FASB guidance requires the inclusion of unrealized gains or losses on available-for-sale securities, net of tax, as a component of other comprehensive income (loss). Unrealized gains and losses recognized in accumulated other comprehensive income (loss) that are later recognized in net income through a reclassification adjustment are identified on the specific identification method. In addition, deferred acquisition costs related to limited-payment long-duration insurance and annuity contracts are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from available-for-sale securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of “Accumulated Other Comprehensive Income (Loss)” in the shareholders’ equity section of the statement of financial position.
Insurance Premiums Revenue Recognition, Policy [Policy Text Block]	Revenues and Expenses Revenues on traditional life insurance products consist of direct premiums reported as earned when due. Liabilities for future policy benefits are provided and acquisition costs are amortized in a systematic manner based on the related contract revenues or gross profits as appropriate. Acquisition costs for traditional life insurance contracts are deferred to the extent deemed recoverable and are amortized over the premium paying period of the related policies using assumptions consistent with those used in computing future policy benefit liabilities. Traditional life insurance products are treated as long-duration contracts since they generally remain in force for the lifetime of the insured. Deferred acquisition costs related to insurance and annuity products that subject the Company to mortality or morbidity risk over a period that extends beyond the period or periods in which premiums are collected and that have terms that are fixed and guaranteed are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies. These types of insurance and annuity contracts are treated as long-duration insurance contracts since they generally remain in force for an extended period.
Earnings Per Share, Policy [Policy Text Block]	Net Income Per Common Share Basic and Diluted For the years ended December 31, 2021 2020, For the year ended December 31, 2021, December 31, 2020, The weighted average outstanding common shares basic for the years ended December 31, 2021 2020 November 12, 2020 November 12, 2020.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events On January 4, 2022, February 2022. March 1, 2022, 2022. Management has evaluated all events subsequent to December 31, 2021
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, 2016 13 The expected credit losses, and subsequent adjustments to such losses, will be recorded through an allowance account that is deducted from the amortized cost basis of the financial asset, with the net carrying value of the financial asset presented on the consolidated balance sheet at the amount expected to be collected. 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. 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, 2024. not 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. not Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 first 2021. not Business Combinations Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, 2021 08 Revenue from Contracts with Customers 606” The amendments in this Update primarily address the accounting for contract assets and contract liabilities from revenue contracts with customers in a business combination. These amendments, however, also apply to contract assets and contract liabilities from other contracts to which the provisions of Topic 606 not may 606 not The amendments in this Update are effective for the Company as a public business entity for fiscal years beginning after December 15, 2022, not

Supplemental Disclosure - Cas_2

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Year Ended Year Ended December 31, 2021 December 31, 2020 Reductions in mortgage loans due to foreclosure $ 458,587 $ 797,158 Investment real estate held-for-sale acquired through foreclosure (458,587 ) (797,158 ) Net cash used in investing activities $ - $ - Year Ended December 31, 2020 Fair value of Class A common stock shares issued in connection with the stock dividend ( 791,339 $ 8,657,249 Reduction in accumulated earnings due to stock dividend (8,657,249 ) Increase in Class A common stock, par value $.01 7,914 Increase in additional paid-in-capital due to the stock dividend 8,649,335 Change in shareholders' equity due to the stock dividend $ -
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	December 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)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value December 31, 2021 Fixed maturity securities U.S. government and U.S. government agencies $ 428,153 $ 812 $ 1,952 $ 427,013 States and political subdivisions 8,463,941 689,564 24,553 9,128,952 Commercial mortgage-backed securities 3,458,408 252 34,265 3,424,395 Residential mortgage-backed securities 11,081 13,195 - 24,276 Corporate bonds 116,230,579 12,731,684 100,882 128,861,381 Asset-backed securities 5,278,819 57,290 17,806 5,318,303 Exchange traded securities 549,334 - 32,734 516,600 Foreign bonds 31,286,049 3,493,469 46,192 34,733,326 Redeemable preferred securities 1,250,000 - 17,600 1,232,400 Certificate of deposits 400,000 10,392 - 410,392 Total fixed maturity securities $ 167,356,364 $ 16,996,658 $ 275,984 $ 184,077,038 December 31, 2020 Fixed maturity securities U.S. government and U.S. government agencies $ 430,735 $ 3,568 $ - $ 434,303 States and political subdivisions 8,830,403 891,285 31,932 9,689,756 Residential mortgage-backed securities 14,022 14,420 - 28,442 Corporate bonds 106,387,417 16,859,782 111,840 123,135,359 Asset-backed securities 2,052,174 32,908 47,813 2,037,269 Exchange traded securities 500,000 - 200 499,800 Foreign bonds 29,616,259 4,641,338 59,230 34,198,367 Certificate of deposits 600,000 24,540 - 624,540 Total fixed maturity securities $ 148,431,010 $ 22,467,841 $ 251,015 $ 170,647,836
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of Fair Value Loss Securities December 31, 2021 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 301,195 $ 1,952 2 States and political subdivisions 337,421 1,724 2 Commercial mortgage-backed securities 3,323,141 34,265 7 Corporate bonds 10,991,840 100,882 30 Asset-backed securities 3,475,854 9,544 8 Exchange traded securities 516,600 32,734 2 Redeemable preferred securities 482,400 17,600 2 Foreign bonds 2,408,472 46,192 6 Total less than 12 months in an unrealized loss position 21,836,923 244,893 59 More than 12 months in an unrealized loss position States and political subdivisions 626,754 22,829 1 Asset-backed securities 345,299 8,262 1 Total more than 12 months in an unrealized loss position 972,053 31,091 2 Total fixed maturity securities in an unrealized loss position $ 22,808,976 $ 275,984 61 December 31, 2020 Fixed maturity securities Less than 12 months in an unrealized loss position States and political subdivisions $ 625,098 $ 31,932 1 Corporate bonds 878,716 41,508 3 Asset-backed securities 1,047,443 47,813 3 Exchange traded securities 499,800 200 2 Foreign bonds 285,569 28,282 4 Total less than 12 months in an unrealized loss position 3,336,626 149,735 13 More than 12 months in an unrealized loss position Corporate bonds 1,084,205 70,332 3 Foreign bonds 532,875 30,948 1 Total more than 12 months in an unrealized loss position 1,617,080 101,280 4 Total fixed maturity securities in an unrealized loss position $ 4,953,706 $ 251,015 17
Unrealized Gain (Loss) on Investments [Table Text Block]	December 31, 2021 December 31, 2020 Unrealized appreciation on available-for-sale securities $ 16,720,674 $ 22,216,826 Adjustment to deferred acquisition costs (6,969 ) (41,057 ) Deferred income taxes (3,509,878 ) (4,656,911 ) Net unrealized appreciation on available-for-sale securities $ 13,203,827 $ 17,518,858
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2021 Amortized Cost Fair Value Due in one year or less $ 12,224,287 $ 12,490,448 Due in one year through five years 34,102,657 38,666,991 Due after five years through ten years 13,862,868 18,493,808 Due after ten years 5,739,403 11,016,719 $ 65,929,215 $ 80,667,966
Realized Gain (Loss) on Investments [Table Text Block]	Years Ended December 31, Fixed Maturity Securities Equity Securities Investment Real Estate 2021 2020 2021 2020 2021 2020 Proceeds $ 14,374,511 $ 22,381,124 $ 89 $ - $ 818,018 $ 2,216,780 Gross realized gains 780,266 643,648 89 - 289,840 347,039 Gross realized losses (166,491 ) (90,474 ) - - - - Loss on other-than- temporary impairment - (801,340 ) - - - - Years Ended December 31, Mortgage Loans on Real Estate Other Long-Term Investments 2021 2020 2021 2020 Proceeds $ 28,966,890 $ 6,345,816 $ 12,812,964 $ - Gross realized gains 39,727 108,101 - - Gross realized losses (4,417 ) - (83,339 ) - Loss on other-than- temporary impairment - - - -
Investment Income [Table Text Block]	Years Ended December 31, 2021 2020 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (5,496,152 ) $ 10,023,995 Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 613,775 553,174 Equity securities, sale of securities 89 - Equity securities, changes in fair value 42,876 (1,046 ) Investment real estate 289,840 347,039 Mortgage loans on real estate 35,310 108,101 Other long-term investments (83,339 ) - Years Ended December 31, 2021 2020 Fixed maturity securities $ 7,121,593 $ 7,162,012 Equity securities 121,585 100,817 Other long-term investments 4,806,506 5,166,428 Mortgage loans 14,263,706 14,651,491 Policy loans 163,893 153,316 Real estate - 252,047 Short-term and other investments 107,221 101,129 Gross investment income 26,584,504 27,587,240 Investment expenses (2,600,316 ) (3,502,939 ) Net investment income $ 23,984,188 $ 24,084,301
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2021 December 31, 2020 Residential mortgage loans $ 169,368,048 $ 163,906,373 Commercial mortgage loans by property type Apartment 175,121 - Industrial 1,170,544 670,708 Lodging 280,836 290,889 Office building 2,285,403 4,596,331 Retail 4,228,099 5,444,761 Total commercial mortgage loans by property type 8,140,003 11,002,689 Total mortgage loans $ 177,508,051 $ 174,909,062 December 31, 2021 December 31, 2020 Amount Percentage Amount Percentage Alabama $ 788,026 0.44 % $ 1,205,848 0.69 % Arizona 726,676 0.41 % 1,111,244 0.64 % Arkansas 723,456 0.41 % 618,038 0.35 % California 8,890,865 5.01 % 8,054,996 4.61 % Colorado 55,838 0.03 % 56,621 0.03 % Connecticut 3,735,358 2.10 % 985,525 0.56 % Delaware 61,318 0.03 % 520,569 0.30 % District of Columbia - 0.00 % 720,000 0.41 % Florida 48,603,579 27.38 % 41,034,631 23.46 % Georgia 7,852,783 4.42 % 9,918,563 5.67 % Hawaii - 0.00 % 227,068 0.13 % Idaho - 0.00 % 212,409 0.12 % Illinois 3,606,147 2.03 % 5,018,145 2.87 % Indiana 1,884,980 1.06 % 916,706 0.52 % Kansas 389,644 0.22 % 375,870 0.21 % Kentucky 76,259 0.04 % - 0.00 % Louisiana 149,861 0.08 % 503,787 0.29 % Maine 124,733 0.07 % 126,414 0.07 % Maryland 508,856 0.29 % 589,487 0.34 % Massachusetts 1,141,814 0.64 % 2,005,130 1.15 % Michigan 429,905 0.24 % 236,135 0.14 % Minnesota 866,964 0.49 % 880,922 0.50 % Mississippi 37,128 0.02 % 80,830 0.05 % Missouri 5,894,094 3.32 % 2,283,186 1.31 % Montana 700,000 0.39 % - 0.00 % Nevada - 0.00 % 11,668 0.01 % New Jersey 9,558,374 5.38 % 8,683,341 4.96 % New Mexico 80,415 0.05 % 80,975 0.05 % New York 9,948,828 5.60 % 4,915,742 2.81 % North Carolina 1,733,732 0.98 % 2,356,697 1.35 % Ohio 6,809,487 3.84 % 4,732,716 2.71 % Oklahoma 645,008 0.36 % 510,194 0.29 % Oregon 105,446 0.06 % 563,014 0.32 % Pennsylvania 794,333 0.45 % 637,063 0.36 % South Carolina 1,004,438 0.57 % 728,933 0.42 % Tennessee 2,737,512 1.54 % 4,211,195 2.41 % Texas 55,003,626 31.02 % 67,127,667 38.38 % Utah - 0.00 % 2,000,000 1.14 % Vermont 220,093 0.12 % 231,266 0.13 % Virginia 1,081,200 0.61 % 400,502 0.23 % Washington 811,405 0.46 % 325,369 0.19 % Wisconsin 432,389 0.24 % 208,905 0.12 % Mortgage loan allowance and unamortized origination fees (706,519 ) -0.40 % (498,309 ) -0.30 % $ 177,508,051 100 % $ 174,909,062 100 %
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans Loan-To-Value Ratio 2021 2020 2021 2020 2021 2020 Over 70% to 80% $ 52,292,906 $ 53,905,657 $ 1,069,973 $ - $ 53,362,879 $ 53,905,657 Over 60% to 70% 50,445,981 50,752,236 1,359,831 1,608,934 51,805,812 52,361,170 Over 50% to 60% 26,492,616 27,493,242 1,496,664 2,391,856 27,989,280 29,885,098 Over 40% to 50% 19,235,027 13,875,675 312,648 786,143 19,547,675 14,661,818 Over 30% to 40% 7,843,501 7,846,306 1,471,023 1,176,419 9,314,524 9,022,725 Over 20% to 30% 9,482,943 5,538,886 1,916,446 2,774,020 11,399,389 8,312,906 Over 10% to 20% 2,737,111 3,699,228 513,418 2,072,994 3,250,529 5,772,222 10% or less 837,963 795,143 - 192,323 837,963 987,466 Total $ 169,368,048 $ 163,906,373 $ 8,140,003 $ 11,002,689 $ 177,508,051 $ 174,909,062
Schedule of Real Estate Properties [Table Text Block]	December 31, 2021 2020 Land - held for investment $ 540,436 $ 540,436 Residential real estate - held for sale 147,909 217,500 Total investment in real estate $ 688,345 $ 757,936
Investment Holdings, Other than Securities [Table Text Block]	December 31, 2021 December 31, 2020 Amount Percentage Amount Percentage Arizona $ 383,181 0.58 % $ 418,672 0.59 % California 6,757,460 10.25 % 7,361,932 10.37 % Connecticut 2,515,625 3.82 % 2,649,985 3.73 % Florida - 0.00 % 49,470 0.07 % Georgia 3,710,308 5.63 % 4,245,463 5.98 % Illinois 669,246 1.02 % 727,077 1.02 % Indiana 5,411,453 8.21 % 5,927,346 8.35 % Maine 78,497 0.12 % 157,136 0.22 % Massachusetts 14,753,225 22.38 % 16,519,603 23.26 % Michigan 229,980 0.35 % 247,786 0.35 % Missouri 82,794 0.13 % 91,881 0.13 % New Jersey 219,330 0.33 % 429,240 0.60 % New York 22,286,381 33.79 % 23,089,597 32.51 % Ohio 3,855,506 5.85 % 4,298,468 6.05 % Oregon 78,848 0.12 % 112,728 0.16 % Pennsylvania 1,348,166 2.04 % 1,632,023 2.30 % Texas 2,331,444 3.54 % 2,479,933 3.49 % Virginia 47,433 0.07 % 59,759 0.08 % Vermont 897,936 1.36 % 247,065 0.35 % Washington 272,402 0.41 % 279,969 0.39 % $ 65,929,215 100.00 % $ 71,025,133 100.00 %
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2021 Fixed Maturities Available-For-Sale Securities Amortized Cost Fair Value Due in one year or les $ 2,808,783 $ 2,846,451 Due in one year through five years 37,361,054 39,055,956 Due after five years through ten years 39,395,049 42,867,654 Due after ten years 83,071,989 94,625,906 Due at multiple maturity dates 4,719,489 4,681,071 $ 167,356,364 $ 184,077,038

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total December 31, 2021 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 427,013 $ - $ 427,013 States and political subdivisions - 9,128,952 - 9,128,952 Commercial mortgage-backed securities - 3,424,395 - 3,424,395 Residential mortgage-backed securities - 24,276 - 24,276 Corporate bonds - 128,861,381 - 128,861,381 Asset-backed securities - 5,318,303 - 5,318,303 Exchange traded securities - 516,600 - 516,600 Foreign bonds - 34,733,326 - 34,733,326 Redeemable preferred securities - 1,232,400 - 1,232,400 Certificate of deposit - 410,392 - 410,392 Total fixed maturity securities $ - $ 184,077,038 $ - $ 184,077,038 Equity securities Mutual funds $ - $ 76,816 $ - $ 76,816 Corporate common stock 207,979 - 63,423 271,402 Total equity securities $ 207,979 $ 76,816 $ 63,423 $ 348,218 December 31, 2020 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 434,303 $ - $ 434,303 States and political subdivisions - 9,689,756 - 9,689,756 Residential mortgage-backed securities - 28,442 - 28,442 Corporate bonds - 123,135,359 - 123,135,359 Asset-backed securities - 2,037,269 - 2,037,269 Exchange traded securities - 499,800 - 499,800 Foreign bonds - 34,198,367 - 34,198,367 Certificate of deposit - 624,540 - 624,540 Total fixed maturity securities $ - $ 170,647,836 $ - $ 170,647,836 Equity securities Mutual funds $ - $ 84,242 $ - $ 84,242 Corporate common stock 51,629 - 67,132 118,761 Total equity securities $ 51,629 $ 84,242 $ 67,132 $ 203,003
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	December 31, 2021 2020 Beginning balance $ 67,132 $ 64,107 Joint venture net income 75,195 90,292 Joint venture distribution (78,904 ) (87,267 ) Ending balance $ 63,423 $ 67,132 9
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 December 31, 2021 Financial assets Mortgage loans on real estate Commercial $ 8,140,003 $ 8,917,023 $ - $ - $ 8,917,023 Residential 169,368,048 187,336,689 - - 187,336,689 Policy loans 2,272,629 2,272,629 - - 2,272,629 Short-term investments 3,296,838 3,296,838 3,296,838 - - Other long-term investments 65,929,215 80,667,966 - - 80,667,966 Cash and cash equivalents 42,528,046 42,528,046 42,528,046 - - Accrued investment income 4,879,290 4,879,290 - - 4,879,290 Total financial assets $ 296,414,069 $ 329,898,481 $ 45,824,884 $ - $ 284,073,597 Financial liabilities Policyholders' account balances $ 373,647,869 $ 373,412,607 $ - $ - $ 373,412,607 Policy claims 2,381,183 2,381,183 - - 2,381,183 Total financial liabilities $ 376,029,052 $ 375,793,790 $ - $ - $ 375,793,790 December 31, 2020 Financial assets Mortgage loans on real estate Commercial $ 11,002,689 $ 11,085,406 $ - $ - $ 11,085,406 Residential 163,906,373 184,802,993 - - 184,802,993 Policy loans 2,108,678 2,108,678 - - 2,108,678 Short-term investments 3,309,020 3,309,020 3,309,020 - - Other long-term investments 71,025,133 89,264,246 - - 89,264,246 Cash and cash equivalents 40,230,095 40,230,095 40,230,095 - - Accrued investment income 5,370,508 5,370,508 - - 5,370,508 Total financial assets $ 296,952,496 $ 336,170,946 $ 43,539,115 $ - $ 292,631,831 Financial liabilities Policyholders' account balances $ 362,519,753 $ 380,666,901 $ - $ - $ 380,666,901 Policy claims 2,099,548 2,099,548 - - 2,099,548 Total financial liabilities $ 364,619,301 $ 382,766,449 $ - $ - $ 382,766,449

Note 5 - Allowance for Loan L_2

Note 5 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Years Ended December 31, Residential Mortgage Loans Commercial Mortgage Loans Total 2021 2020 2021 2020 2021 2020 Allowance, beginning $ 486,604 $ 443,057 $ 55,290 $ 62,321 $ 541,894 $ 505,378 Charge offs - - - - - - Recoveries - - - - - - Provision 188,558 43,547 (23,933 ) (7,031 ) 164,625 36,516 Allowance, ending $ 675,162 $ 486,604 $ 31,357 $ 55,290 $ 706,519 $ 541,894 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 675,162 $ 486,604 $ 31,357 $ 55,290 $ 706,519 $ 541,894 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 132,457,234 $ 96,877,653 $ 8,140,003 $ 11,002,689 $ 140,597,237 $ 107,880,342

Note 6 - Deferred Policy Acqu_2

Note 6 - Deferred Policy Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	2021 2020 Balance, beginning of year $ 44,513,669 $ 38,005,639 Capitalization of commissions, sales and issue expenses 12,102,070 11,856,420 Amortization (6,932,504 ) (5,327,177 ) Deferred acquisition costs allocated to investments 34,088 (21,213 ) Balance, end of year $ 49,717,323 $ 44,513,669

Note 7 - Federal Income Taxes (

Note 7 - Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended December 31, 2021 2020 Expected tax expense $ 771,390 $ 856,967 Difference in book versus tax basis of available-for-sale securities 142,199 (179,854 ) Net operating losses 122,654 44,547 Discount amortization 60,066 (13,094 ) Policy loans 32,494 (16,128 ) Non taxable international losses 31,864 22,027 Mortgage loans 11,822 12,852 Future policy benefits (1,672 ) 9,011 Reinsurance recoverable (31,356 ) 6,813 Adjustment of prior years' taxes (154,921 ) (46,466 ) Capital gain taxes (188,534 ) 152,306 Other 19,912 53,123 Total income tax expense $ 815,918 $ 902,104
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2021 2020 Deferred tax liabilities: Net unrealized investment gains $ 3,509,878 $ 4,656,911 Deferred policy acquisition costs 8,794,233 7,775,267 Value of insurance business acquired 906,884 964,525 Reinsurance recoverable 216,819 248,175 Due premiums 79,368 87,937 Available-for-sale fixed maturity securities 42,030 - Investment real estate 23,425 23,425 Other 26,949 18,635 Total deferred tax liabilities 13,599,586 13,774,875 Deferred tax assets: Policyholders' account balances and future policy benefits 3,761,239 3,591,696 Net operating loss carryforward 683,720 679,303 Mortgage loans 148,369 104,645 Available-for-sale fixed maturity securities - 100,582 Policy claims - 32,494 Unearned investment income 19,154 14,978 Available-for-sale equity securities 11,860 20,864 Dividend liability 8,941 9,408 Total deferred tax assets 4,633,283 4,553,970 Net deferred tax liabilities $ 8,966,303 $ 9,220,905

Note 8 - Reinsurance (Tables)

Note 8 - Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	2021 2020 Premiums assumed $ 4,745,854 $ 3,023,178 Commissions and expense allowances assumed 1,920,939 1,494,464 Benefits assumed 78,203 88,171 Reserve credits assumed 5,714,631 2,944,668 In force amount assumed 78,467,315 56,417,493 Premiums ceded 1,679,793 2,130,523 Commissions and expense allowances ceded 50,407 80,383 Benefits ceded 3,036,438 2,234,094 Reserve credits ceded 103,209,641 104,593,282 In force amount ceded 50,756,838 57,739,638

Note 11 - Segment Data (Tables)

Note 11 - Segment Data (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended December 31, 2021 2020 Revenues: Life insurance operations $ 36,727,984 $ 32,236,531 Annuity operations 19,794,712 19,724,655 Corporate operations 593,545 829,819 Total $ 57,116,241 $ 52,791,005 Income before income taxes: Life insurance operations $ 1,405,948 $ 337,686 Annuity operations 2,203,412 2,986,150 Corporate operations 63,928 756,958 Total $ 3,673,288 $ 4,080,794 Depreciation and amortization expense: Life insurance operations $ 6,179,866 $ 4,733,751 Annuity operations 1,070,701 1,046,400 Total $ 7,250,567 $ 5,780,151
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2021 2020 Assets: Life insurance operations $ 133,378,698 $ 120,484,734 Annuity operations 521,742,643 518,257,307 Corporate operations 4,637,593 4,853,228 Total $ 659,758,934 $ 643,595,269

Note 15 - Other Comprehensive_2

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income Year Ended December 31, 2021 Balance as of January 1, 2021 $ 17,551,279 $ (32,421 ) $ 17,518,858 Other comprehensive loss before reclassifications, net of tax (3,857,078 ) 26,929 (3,830,149 ) Less amounts reclassified from accumulated other comprehensive income, net of tax 484,882 - 484,882 Other comprehensive loss (4,341,960 ) 26,929 (4,315,031 ) Balance as of December 31, 2021 $ 13,209,319 $ (5,492 ) $ 13,203,827 Year Ended December 31, 2020 Balance as of January 1, 2020 $ 9,632,323 $ (15,663 ) $ 9,616,660 Other comprehensive income before reclassifications, net of tax 7,722,905 (16,758 ) 7,706,147 Less amounts reclassified from accumulated other comprehensive income, net of tax (196,051 ) - (196,051 ) Other comprehensive income 7,918,956 (16,758 ) 7,902,198 Balance as of December 31, 2020 $ 17,551,279 $ (32,421 ) $ 17,518,858
Comprehensive Income (Loss) [Table Text Block]	Income Tax Expense Pretax (Benefit) Net of Tax Year Ended December 31, 2021 Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (4,882,377 ) $ (1,025,299 ) $ (3,857,078 ) Reclassification adjustment for net gains included in operation 613,775 128,893 484,882 Net unrealized losses on investments (5,496,152 ) (1,154,192 ) (4,341,960 ) Adjustment to deferred acquisition costs 34,088 7,159 26,929 Total other comprehensive loss $ (5,462,064 ) $ (1,147,033 ) $ (4,315,031 ) Year Ended December 31, 2020 Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 9,775,829 $ 2,052,924 $ 7,722,905 Reclassification adjustment for net losses included in operation (248,166 ) (52,115 ) (196,051 ) Net unrealized gains on investments 10,023,995 2,105,039 7,918,956 Adjustment to deferred acquisition costs (21,213 ) (4,455 ) (16,758 ) Total other comprehensive income $ 10,002,782 $ 2,100,584 $ 7,902,198
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Years Ended December 31, Reclassification Adjustments 2021 2020 Realized gains (losses) on sales of securities (a) $ 613,775 $ (248,166 ) Income tax expense (benefit) (b) 128,893 (52,115 ) Total reclassification adjustments $ 484,882 $ (196,051 )

Supplemental Disclosure - Cas_3

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities (Details Textual) - USD ($)	Nov. 12, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2012	Jan. 01, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 458,587	$ 797,158
Common Stock Dividends, Shares (in shares)				702,685
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
Common Class A [Member]
Common Stock Dividends, Shares (in shares)			791,339
Dividends, Common Stock, Stock Percent	10.00%		10.00%
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 458,587	$ 797,158

Supplemental Disclosure - Cas_4

Supplemental Disclosure - Cash and Non-Cash Impact on Operating, Investing and Financing Activities - Supplement Disclosures (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reductions in mortgage loans due to foreclosure	$ 458,587	$ 797,158
Investment real estate held-for-sale acquired through foreclosure	(458,587)	(797,158)
Net cash used in investing activities	$ 0	0
Change in shareholders' equity due to the stock dividend		0
Retained Earnings [Member]
Reduction in accumulated earnings due to stock dividend		(8,657,249)
Additional Paid-in Capital [Member]
Change in shareholders' equity due to the stock dividend		8,649,335
Common Class A [Member]
Change in shareholders' equity due to the stock dividend		8,657,249
Common Class A [Member] | Common Stock [Member]
Change in shareholders' equity due to the stock dividend		$ 7,914

Supplemental Disclosure - Cas_5

Supplemental Disclosure - Cash and Non-Cash Impact on Operating, Investing and Financing Activities - Supplement Disclosures (Details) (Parentheticals) - $ / shares	12 Months Ended	24 Months Ended
	Dec. 31, 2020	Dec. 31, 2012	Dec. 31, 2021
Shares issued (in shares)		702,685
Common Class A [Member]
Shares issued (in shares)	791,339
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
Common Class A [Member] | Common Stock [Member]
Common stock, par value (in dollars per share)	$ 0.01

Supplemental Disclosure - Cas_6

Supplemental Disclosure - Cash and Non-Cash Impact on Operating, Investing and Financing Activities - Acquisition (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020
Cash provided in acquisition of K-TENN Insurance Company	$ 0	$ 1,110,299
K-TENN Insurance Company ("K-TENN") [Member]
Cash used in acquisition of K-TENN Insurance Company		0
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	$ 1,746,240

Note 1 - Organization and Sig_2

Note 1 - Organization and Significant Accounting Policies (Details Textual)	Jan. 04, 2022shares	Nov. 12, 2020	Jan. 01, 2020USD ($)shares	Apr. 03, 2018USD ($)	Apr. 28, 2015USD ($)	Dec. 28, 2011USD ($)	Dec. 31, 2008USD ($)	Dec. 23, 2008USD ($)	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2004USD ($)	Dec. 31, 2012USD ($)shares	Mar. 08, 2013USD ($)	Mar. 08, 2013USD ($)shares	Oct. 02, 2019shares	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
Stock Issued During Period, Value, Stock Dividend										$ 0
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ / shares										$ 0.05
Dividends, Cash, Total										$ 393,178
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
Finite-Lived Intangible Assets, Accumulated Amortization									$ 4,421,379	$ 4,146,901
Present Value of Future Insurance Profits, Expected Amortization, Year One									258,366
Present Value of Future Insurance Profits, Expected Amortization, Year Two									208,044
Present Value of Future Insurance Profits, Expected Amortization, Year Three									211,956
Present Value of Future Insurance Profits, Expected Amortization, Year Four									199,812
Present Value of Future Insurance Profits, Expected Amortization, Year Five									$ 201,919
Common Stock Shares Allocated To Stockholders (in shares) | shares									8,747,633	8,747,633
Net Income (Loss) Attributable to Parent, Total									$ 2,857,370	$ 3,178,690
Minimum [Member]
Liability for Policyholder Contract Deposits, Interest Rate									2.25%
Policyholder Dividends, Rate on Policy Earnings									2.50%
Maximum [Member]
Liability for Policyholder Contract Deposits, Interest Rate									4.50%
Policyholder Dividends, Rate on Policy Earnings									4.00%
Investment Real Estate [Member]
Property, Plant and Equipment, Useful Life (Year)									19 years
Office Furniture, Equipment and Software [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)									3 years
Office Furniture, Equipment and Software [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)									10 years
K-TENN Insurance Company ("K-TENN") [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares			168,866
Business Acquisition, Percentage of Voting Interests Acquired			100.00%
Business Combination, Consideration Transferred, Total			$ 1,746,240
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total			$ 1,746,240							$ 1,746,240
Trinity American, Inc. ("TAI") [Member]
Business Acquisition, Percentage of Voting Interests Acquired				100.00%
Business Combination, Consideration Transferred, Total				$ 250,000
Common Class A [Member]
Common Stock Dividends, Shares (in shares) | shares										791,339
Stock Issued During Period, Value, Stock Dividend										$ 8,657,249
Dividends, Common Stock, Stock Percent		10.00%								10.00%
Common Stock, Shares Authorized (in shares) | shares									40,000,000	40,000,000					40,000,000
Percent of Dividends															100.00%
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares									$ 0.01	$ 0.01
Common Stock Shares Allocated To Stockholders (in shares) | shares									8,661,696	8,661,696
Net Income (Loss) Available to Common Stockholders, Basic, Total									$ 2,829,299	$ 3,151,325
Weighted Average Number of Shares Outstanding, Basic, Total (in shares) | shares									8,661,696	8,661,696
Common Class A [Member] | Royalty Capital Life Insurance Company (RCLIC) [Member] | Subsequent Event [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares	722,644
Common Class B [Member]
Common Stock, Shares Authorized (in shares) | shares									10,000,000	10,000,000					10,000,000
Percent of Dividends															85.00%
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares									$ 0.01	$ 0.01
Right To Receive Dividend Percentage									85.00%	85.00%
Common Stock Shares Allocated To Stockholders (in shares) | shares									85,937	85,937
Net Income (Loss) Available to Common Stockholders, Basic, Total									$ 28,071	$ 27,365
Weighted Average Number of Shares Outstanding, Basic, Total (in shares) | shares									101,102	101,102
Retained Earnings [Member]
Dividends, Common Stock, Total										$ 8,657,249		$ 5,270,138
Dividends, Cash, Total										393,178
Net Income (Loss) Attributable to Parent, Total									$ 2,857,370	$ 3,178,690
Common Stock Including Additional Paid in Capital [Member]
Stock Issued During Period, Value, Stock Dividend												$ 5,270,138
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

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	Nov. 16, 2020USD ($)ft²a	Dec. 31, 2021USD ($)a	Dec. 31, 2020USD ($)	Sep. 01, 2010ft²
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Recognized in Earnings		$ 0	$ 801,340
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 458,587	$ 797,158
Number Of Loans Past Due		10	24
Financing Receivable, 90 Days or More Past Due, Still Accruing		$ 1,717,496	$ 3,979,997
Past Due Loans, Term Past Due (Day)		90 days	90 days
Number of Mortgage Loans in Default		1	0
Mortgage Loans in Process of Foreclosure, Amount		$ 484,400
Allowance for Loan and Lease Losses, Real Estate		706,519	$ 541,894
Real Estate Investments, Net, Total		688,345	757,936
Proceeds from Sale of Real Estate Held-for-investment, Total		$ 818,018	2,216,780
Trinity Life Insurance Company [Member] | Topeka Kansas [Member]
Area of Land (Acre) | a	3
Trinity Life Insurance Company [Member] | Topeka Kansas [Member] | Office Building [Member]
Area of Real Estate Property (Square Foot) | ft²	20,000			2,500
Real Estate Held-for-sale	$ 1,078,037
Gain (Loss) on Investments, Total	240,374
Proceeds from Sale of Real Estate, Total	$ 1,318,411
TLIC [Member] | Topeka Kansas [Member]
Area of Land (Acre) | a	3
TLIC [Member] | Topeka Kansas [Member] | Assets Held-for-sale not Part of a Disposal Group [Member]
Area of Land (Acre) | a		3
TLIC [Member] | Topeka Kansas [Member] | Office Building [Member]
Real Estate Held-for-sale	$ 1,078,037
Gain (Loss) on Investments, Total	240,374
Proceeds from Sale of Real Estate, Total	$ 1,318,411
TLIC [Member] | Topeka Kansas [Member] | Underdeveloped Land [Member]
Land		$ 409,436
FBLIC [Member] | Jefferson City Missouri [Member] | Assets Held-for-sale not Part of a Disposal Group [Member]
Area of Land (Acre) | a		0.5
FBLIC [Member] | Jefferson City Missouri [Member] | Underdeveloped Land [Member]
Land		$ 131,000
Independent Mortgage Loan Balances [Member]
Escrow Deposit		795,730	766,667
Commercial Portfolio Segment [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Ending Balance		$ 8,140,003	$ 11,002,689
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans		26	28
Minimum [Member] | Commercial Portfolio Segment [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages		$ 14,515	$ 9,293
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		5.97%	6.21%
Maximum [Member] | Commercial Portfolio Segment [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages		$ 1,075,350	$ 2,000,000
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		10.51%	10.51%
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 458,587	$ 797,158
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages		1,086	1,260
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Ending Balance		169,368,048	163,906,373
Real Estate Investments, Net, Total		528,178	791,704
Gains (Losses) on Sales of Investment Real Estate		289,840	106,665
Proceeds from Sale of Real Estate Held-for-investment, Total		818,018	898,369
Residential Mortgage [Member] | Minimum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages		$ 930	$ 262
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		3.43%	3.43%
Residential Mortgage [Member] | Maximum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages		$ 2,135,625	$ 974,550
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		25.64%	25.64%
Debt Securities [Member]
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions		61	17
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total		$ 275,984	$ 251,015
Debt Securities, Available-for-sale, Unrealized Loss Position, Total		22,808,976	$ 4,953,706
Amortized Cost of Debt Securities Available for Sale in an Unrealized Loss Position		$ 23,084,960
Fair Value to Cost Ratio		99.00%	95.00%
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total			17
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total			$ 251,015
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total			4,953,706
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost			$ 5,204,721
Equity Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total			1
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Recognized in Earnings		$ 0	$ 0
Debt Security, Corporate, Non-US [Member]
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total			850,000
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Recognized in Earnings			801,340
Lottery Prize Cash Flows [Member]
Other Investments, Total		$ 65,929,215	$ 71,025,133

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
US Treasury and Government [Member]
Available-for-sale securities at cost	$ 428,153	$ 430,735
Securities, gross unrealized gains	812	3,568
Securities, gross unrealized losses	1,952	0
Fixed maturity available-for-sale securities - fair value	427,013	434,303
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities at cost	8,463,941	8,830,403
Securities, gross unrealized gains	689,564	891,285
Securities, gross unrealized losses	24,553	31,932
Fixed maturity available-for-sale securities - fair value	9,128,952	9,689,756
Residential Mortgage Backed Securities [Member]
Available-for-sale securities at cost	11,081	14,022
Securities, gross unrealized gains	13,195	14,420
Securities, gross unrealized losses	0	0
Fixed maturity available-for-sale securities - fair value	24,276	28,442
Corporate Debt Securities [Member]
Available-for-sale securities at cost	116,230,579	106,387,417
Securities, gross unrealized gains	12,731,684	16,859,782
Securities, gross unrealized losses	100,882	111,840
Fixed maturity available-for-sale securities - fair value	128,861,381	123,135,359
Asset-backed Securities [Member]
Available-for-sale securities at cost	5,278,819	2,052,174
Securities, gross unrealized gains	57,290	32,908
Securities, gross unrealized losses	17,806	47,813
Fixed maturity available-for-sale securities - fair value	5,318,303	2,037,269
Commercial Mortgage Backed Securities [Member]
Available-for-sale securities at cost	3,458,408
Securities, gross unrealized gains	252
Securities, gross unrealized losses	34,265
Fixed maturity available-for-sale securities - fair value	3,424,395
Exchange-traded Debt Securities [Member]
Available-for-sale securities at cost	549,334	500,000
Securities, gross unrealized gains	0	0
Securities, gross unrealized losses	32,734	200
Fixed maturity available-for-sale securities - fair value	516,600	499,800
Debt Security, Government, Non-US [Member]
Available-for-sale securities at cost	31,286,049	29,616,259
Securities, gross unrealized gains	3,493,469	4,641,338
Securities, gross unrealized losses	46,192	59,230
Fixed maturity available-for-sale securities - fair value	34,733,326	34,198,367
Certificates of Deposit [Member]
Available-for-sale securities at cost	400,000	600,000
Securities, gross unrealized gains	10,392	24,540
Securities, gross unrealized losses	0	0
Fixed maturity available-for-sale securities - fair value	410,392	624,540
Debt Securities [Member]
Available-for-sale securities at cost	167,356,364	148,431,010
Securities, gross unrealized gains	16,996,658	22,467,841
Securities, gross unrealized losses	275,984	251,015
Fixed maturity available-for-sale securities - fair value	184,077,038	$ 170,647,836
Redeemable Preferred Stock [Member]
Available-for-sale securities at cost	1,250,000
Securities, gross unrealized gains	0
Securities, gross unrealized losses	17,600
Fixed maturity available-for-sale securities - fair value	$ 1,232,400

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
US Government Agencies Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 301,195
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,952
Securities in an unrealized loss position, less 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	$ 337,421	$ 625,098
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,724	$ 31,932
Securities in an unrealized loss position, less than twelve months, number	2	1
Securities in an unrealized loss position, more than twelve months, fair value	$ 626,754
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 22,829
Securities in an unrealized loss position, more than twelve months, number	1
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 10,991,840	$ 878,716
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 100,882	$ 41,508
Securities in an unrealized loss position, less than twelve months, number	30	3
Securities in an unrealized loss position, more than twelve months, fair value		$ 1,084,205
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 70,332
Securities in an unrealized loss position, more than twelve months, number		3
Commercial Mortgage Backed Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 3,323,141
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 34,265
Securities in an unrealized loss position, less than twelve months, number	7
Asset-backed Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 3,475,854	$ 1,047,443
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 9,544	$ 47,813
Securities in an unrealized loss position, less than twelve months, number	8	3
Securities in an unrealized loss position, more than twelve months, fair value	$ 345,299
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 8,262
Securities in an unrealized loss position, more than twelve months, number	1
Exchange-traded Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 516,600	$ 499,800
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 32,734	$ 200
Securities in an unrealized loss position, less than twelve months, number	2	2
Debt Security, Government, Non-US [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 2,408,472	$ 285,569
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 46,192	$ 28,282
Securities in an unrealized loss position, less than twelve months, number	6	4
Securities in an unrealized loss position, more than twelve months, fair value		$ 532,875
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 30,948
Securities in an unrealized loss position, more than twelve months, number		1
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 21,836,923	$ 3,336,626
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 244,893	$ 149,735
Securities in an unrealized loss position, less than twelve months, number	59	13
Securities in an unrealized loss position, more than twelve months, fair value	$ 972,053	$ 1,617,080
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 31,091	$ 101,280
Securities in an unrealized loss position, more than twelve months, number	2	4
Securities in an unrealized loss position, fair value	$ 22,808,976	$ 4,953,706
Securities in an unrealized loss position, unrealized loss	$ 275,984	$ 251,015
Securities in an unrealized loss position, number	61	17
Redeemable Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 482,400
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 17,600
Securities in an unrealized loss position, less than twelve months, number	2

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Unrealized appreciation on available-for-sale securities	$ 16,720,674	$ 22,216,826
Adjustment to deferred acquisition costs	(6,969)	(41,057)
Deferred income taxes	(3,509,878)	(4,656,911)
Net unrealized appreciation on available-for-sale securities	$ 13,203,827	$ 17,518,858

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details) - Fixed Maturities [Member]	Dec. 31, 2021USD ($)
Due in one year or less - amortized cost	$ 2,808,783
Due in one year or less - fair value	2,846,451
Due in one year through five years - amortized cost	37,361,054
Due in one year through five years - fair value	39,055,956
Due after five years through ten years - amortized cost	39,395,049
Due after five years through ten years - fair value	42,867,654
Due after ten years - amortized cost	83,071,989
Due after ten years - fair value	94,625,906
Due at multiple maturity dates - amortized cost	4,719,489
Due at multiple maturity dates - fair value	4,681,071
Fixed maturity available-for-sale securities - amortized cost	167,356,364
Fixed maturity available-for-sale securities - fair value	$ 184,077,038

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loss on other-than-temporary impairments	$ 0	$ (801,340)
Fixed Maturities [Member]
Proceeds from sale, maturity, or collection of investments	14,374,511	22,381,124
Gross realized gains on sale of investments	780,266	643,648
Gross realized losses on sale of investments	(166,491)	(90,474)
Loss on other-than-temporary impairments	0	(801,340)
Equity Securities [Member]
Proceeds from sale, maturity, or collection of investments	89	0
Gross realized gains on sale of investments	89	0
Gross realized losses on sale of investments	0	0
Loss on other-than-temporary impairments	0	0
Real Estate Investment [Member]
Proceeds from sale, maturity, or collection of investments	818,018	2,216,780
Gross realized gains on sale of investments	289,840	347,039
Gross realized losses on sale of investments	0	0
Loss on other-than-temporary impairments	0	0
Mortgages [Member]
Proceeds from sale, maturity, or collection of investments	28,966,890	6,345,816
Gross realized gains on sale of investments	39,727	108,101
Gross realized losses on sale of investments	(4,417)	0
Loss on other-than-temporary impairments	0	0
Preferred Stock [Member]
Proceeds from sale, maturity, or collection of investments	12,812,964	0
Gross realized gains on sale of investments	0	0
Gross realized losses on sale of investments	(83,339)	0
Loss on other-than-temporary impairments	$ 0	$ 0

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Change in unrealized investment gains (losses)	$ (4,341,960)	$ 7,918,956
Gross Investment income	26,584,504	27,587,240
Investment expenses	(2,600,316)	(3,502,939)
Net investment income	23,984,188	24,084,301
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	(5,496,152)	10,023,995
Net realized investment gains (losses)	613,775	553,174
Gross Investment income	7,121,593	7,162,012
Equity Securities [Member]
Equity securities, sale of securities	89	0
Equity securities, changes in fair value	42,876	(1,046)
Gross Investment income	121,585	100,817
Other Long-term Investments [Member]
Net realized investment gains (losses)	(83,339)	0
Gross Investment income	4,806,506	5,166,428
Mortgages [Member]
Net realized investment gains (losses)	35,310	108,101
Gross Investment income	14,263,706	14,651,491
Policy Loans [Member]
Gross Investment income	163,893	153,316
Real Estate Investment [Member]
Net realized investment gains (losses)	289,840	347,039
Gross Investment income	0	252,047
Short-term Investments [Member]
Gross Investment income	$ 107,221	$ 101,129

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 177,508,051	$ 174,909,062
Mortgage loans on real estate, percentage	100.00%	100.00%
Mortgage loan allowance and unamortized origination fees	$ (706,519)	$ (498,309)
Mortgage loan allowance and unamortized origination fees, percentage	(0.40%)	(0.30%)
Alabama [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 788,026	$ 1,205,848
Mortgage loans on real estate, percentage	0.44%	0.69%
Arizona1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 726,676	$ 1,111,244
Mortgage loans on real estate, percentage	0.41%	0.64%
Arkansas [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 723,456	$ 618,038
Mortgage loans on real estate, percentage	0.41%	0.35%
California1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 8,890,865	$ 8,054,996
Mortgage loans on real estate, percentage	5.01%	4.61%
Colorado1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 55,838	$ 56,621
Mortgage loans on real estate, percentage	0.03%	0.03%
CONNECTICUT
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 3,735,358	$ 985,525
Mortgage loans on real estate, percentage	2.10%	0.56%
Delaware [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 61,318	$ 520,569
Mortgage loans on real estate, percentage	0.03%	0.30%
DISTRICT OF COLUMBIA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 0	$ 720,000
Mortgage loans on real estate, percentage	0.00%	0.41%
FLORIDA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 48,603,579	$ 41,034,631
Mortgage loans on real estate, percentage	27.38%	23.46%
Georgia1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 7,852,783	$ 9,918,563
Mortgage loans on real estate, percentage	4.42%	5.67%
HAWAII
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 0	$ 227,068
Mortgage loans on real estate, percentage	0.00%	0.13%
Idaho [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 0	$ 212,409
Mortgage loans on real estate, percentage	0.00%	0.12%
Illinois1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 3,606,147	$ 5,018,145
Mortgage loans on real estate, percentage	2.03%	2.87%
Indiana1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,884,980	$ 916,706
Mortgage loans on real estate, percentage	1.06%	0.52%
KANSAS
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 389,644	$ 375,870
Mortgage loans on real estate, percentage	0.22%	0.21%
Kentucky1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 76,259	$ 0
Mortgage loans on real estate, percentage	0.04%	0.00%
Louisiana1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 149,861	$ 503,787
Mortgage loans on real estate, percentage	0.08%	0.29%
Maine [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 124,733	$ 126,414
Mortgage loans on real estate, percentage	0.07%	0.07%
Maryland [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 508,856	$ 589,487
Mortgage loans on real estate, percentage	0.29%	0.34%
Massachusetts1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,141,814	$ 2,005,130
Mortgage loans on real estate, percentage	0.64%	1.15%
MICHIGAN
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 429,905	$ 236,135
Mortgage loans on real estate, percentage	0.24%	0.14%
Minnesota1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 866,964	$ 880,922
Mortgage loans on real estate, percentage	0.49%	0.50%
Mississippi [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 37,128	$ 80,830
Mortgage loans on real estate, percentage	0.02%	0.05%
Missouri1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 5,894,094	$ 2,283,186
Mortgage loans on real estate, percentage	3.32%	1.31%
MONTANA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 700,000	$ 0
Mortgage loans on real estate, percentage	0.39%	0.00%
NEVADA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 0	$ 11,668
Mortgage loans on real estate, percentage	0.00%	0.01%
NEW JERSEY
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 9,558,374	$ 8,683,341
Mortgage loans on real estate, percentage	5.38%	4.96%
NEW MEXICO
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 80,415	$ 80,975
Mortgage loans on real estate, percentage	0.05%	0.05%
NEW YORK
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 9,948,828	$ 4,915,742
Mortgage loans on real estate, percentage	5.60%	2.81%
North Carolina [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,733,732	$ 2,356,697
Mortgage loans on real estate, percentage	0.98%	1.35%
OHIO
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 6,809,487	$ 4,732,716
Mortgage loans on real estate, percentage	3.84%	2.71%
OKLAHOMA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 645,008	$ 510,194
Mortgage loans on real estate, percentage	0.36%	0.29%
OREGON
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 105,446	$ 563,014
Mortgage loans on real estate, percentage	0.06%	0.32%
Pennsylvania1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 794,333	$ 637,063
Mortgage loans on real estate, percentage	0.45%	0.36%
South Carolina [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,004,438	$ 728,933
Mortgage loans on real estate, percentage	0.57%	0.42%
Tennessee [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 2,737,512	$ 4,211,195
Mortgage loans on real estate, percentage	1.54%	2.41%
TEXAS
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 55,003,626	$ 67,127,667
Mortgage loans on real estate, percentage	31.02%	38.38%
UTAH
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 0	$ 2,000,000
Mortgage loans on real estate, percentage	0.00%	1.14%
VERMONT
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 220,093	$ 231,266
Mortgage loans on real estate, percentage	0.12%	0.13%
Virginia1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,081,200	$ 400,502
Mortgage loans on real estate, percentage	0.61%	0.23%
WASHINGTON
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 811,405	$ 325,369
Mortgage loans on real estate, percentage	0.46%	0.19%
WISCONSIN
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 432,389	$ 208,905
Mortgage loans on real estate, percentage	0.24%	0.12%
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 169,368,048	$ 163,906,373
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	8,140,003	11,002,689
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,170,544	670,708
Commercial Portfolio Segment [Member] | Apartment Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	175,121	0
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	280,836	290,889
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	2,285,403	4,596,331
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 4,228,099	$ 5,444,761

Note 2 - Investments - Mortga_2

Note 2 - Investments - Mortgage Loan to Value Ratios (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Mortgage loans on real estate	$ 177,508,051	$ 174,909,062
Residential Portfolio Segment [Member]
Mortgage loans on real estate	169,368,048	163,906,373
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	8,140,003	11,002,689
Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	177,508,051	174,909,062
Loan to Value Range1 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	52,292,906	53,905,657
Loan to Value Range1 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,069,973	0
Loan to Value Range1 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 53,362,879	53,905,657
Loan to Value Range1 [Member] | Minimum [Member]
Loan to value ratio	70.00%
Loan to Value Range1 [Member] | Maximum [Member]
Loan to value ratio	80.00%
Loan to Value Range 2 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 50,445,981	50,752,236
Loan to Value Range 2 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,359,831	1,608,934
Loan to Value Range 2 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 51,805,812	52,361,170
Loan to Value Range 2 [Member] | Minimum [Member]
Loan to value ratio	60.00%
Loan to Value Range 2 [Member] | Maximum [Member]
Loan to value ratio	70.00%
Loan to Value Range 3 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 26,492,616	27,493,242
Loan to Value Range 3 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,496,664	2,391,856
Loan to Value Range 3 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 27,989,280	29,885,098
Loan to Value Range 3 [Member] | Minimum [Member]
Loan to value ratio	50.00%
Loan to Value Range 3 [Member] | Maximum [Member]
Loan to value ratio	60.00%
Loan to Value Range 4 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 19,235,027	13,875,675
Loan to Value Range 4 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	312,648	786,143
Loan to Value Range 4 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 19,547,675	14,661,818
Loan to Value Range 4 [Member] | Minimum [Member]
Loan to value ratio	40.00%
Loan to Value Range 4 [Member] | Maximum [Member]
Loan to value ratio	50.00%
Loan to Value Range 5 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 7,843,501	7,846,306
Loan to Value Range 5 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,471,023	1,176,419
Loan to Value Range 5 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 9,314,524	9,022,725
Loan to Value Range 5 [Member] | Minimum [Member]
Loan to value ratio	30.00%
Loan to Value Range 5 [Member] | Maximum [Member]
Loan to value ratio	40.00%
Loan to Value Range 6 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 9,482,943	5,538,886
Loan to Value Range 6 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,916,446	2,774,020
Loan to Value Range 6 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 11,399,389	8,312,906
Loan to Value Range 6 [Member] | Minimum [Member]
Loan to value ratio	20.00%
Loan to Value Range 6 [Member] | Maximum [Member]
Loan to value ratio	30.00%
Loan to Value Range 7 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 2,737,111	3,699,228
Loan to Value Range 7 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	513,418	2,072,994
Loan to Value Range 7 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 3,250,529	5,772,222
Loan to Value Range 7 [Member] | Minimum [Member]
Loan to value ratio	10.00%
Loan to Value Range 7 [Member] | Maximum [Member]
Loan to value ratio	20.00%
Loan to Value Range 8 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 837,963	795,143
Loan to Value Range 8 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	0	192,323
Loan to Value Range 8 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 837,963	$ 987,466
Loan to Value Range 8 [Member] | Maximum [Member]
Loan to value ratio	10.00%

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Investment real estate	$ 688,345	$ 757,936
Land Held for Sale [Member]
Investment real estate	540,436	540,436
Residential Real Estate - Held for Sale [Member]
Investment real estate	$ 147,909	$ 217,500

Note 2 - Investments - Lottery

Note 2 - Investments - Lottery Prize Cash Flows, by Contractual Maturity (Details) - Lottery Prize Cash Flows [Member]	Dec. 31, 2021USD ($)
Due in one year or less, amortized cost	$ 12,224,287
Due in one year or less, fair value	12,490,448
Due in one year through five years, amortized cost	34,102,657
Due in one year through five years, fair value	38,666,991
Due after five years through ten years, amortized cost	13,862,868
Due after five years through ten years, fair value	18,493,808
Due after ten years, amortized cost	5,739,403
Due after ten years, fair value	11,016,719
Due, amortized cost	65,929,215
Due, fair value	$ 80,667,966

Note 2 - Investments - Lotter_2

Note 2 - Investments - Lottery Prize Cash Flows, by State Lottery (Details) - Lottery Prize Cash Flows [Member] - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Other Investments, Total	$ 65,929,215	$ 71,025,133
Other investments, percentage	100.00%	100.00%
Arizona1 [Member]
Other Investments, Total	$ 383,181	$ 418,672
Other investments, percentage	0.58%	0.59%
California1 [Member]
Other Investments, Total	$ 6,757,460	$ 7,361,932
Other investments, percentage	10.25%	10.37%
Connecticut1 [Member]
Other Investments, Total	$ 2,515,625	$ 2,649,985
Other investments, percentage	3.82%	3.73%
Florida1 [Member]
Other Investments, Total	$ 0	$ 49,470
Other investments, percentage	0.00%	0.07%
Georgia1 [Member]
Other Investments, Total	$ 3,710,308	$ 4,245,463
Other investments, percentage	5.63%	5.98%
Illinois1 [Member]
Other Investments, Total	$ 669,246	$ 727,077
Other investments, percentage	1.02%	1.02%
Indiana1 [Member]
Other Investments, Total	$ 5,411,453	$ 5,927,346
Other investments, percentage	8.21%	8.35%
Maine [Member]
Other Investments, Total	$ 78,497	$ 157,136
Other investments, percentage	0.12%	0.22%
Massachusetts1 [Member]
Other Investments, Total	$ 14,753,225	$ 16,519,603
Other investments, percentage	22.38%	23.26%
Michigan1 [Member]
Other Investments, Total	$ 229,980	$ 247,786
Other investments, percentage	0.35%	0.35%
Missouri1 [Member]
Other Investments, Total	$ 82,794	$ 91,881
Other investments, percentage	0.13%	0.13%
New Jersey1 [Member]
Other Investments, Total	$ 219,330	$ 429,240
Other investments, percentage	0.33%	0.60%
New York1 [Member]
Other Investments, Total	$ 22,286,381	$ 23,089,597
Other investments, percentage	33.79%	32.51%
Ohio1 [Member]
Other Investments, Total	$ 3,855,506	$ 4,298,468
Other investments, percentage	5.85%	6.05%
OREGON
Other Investments, Total	$ 78,848	$ 112,728
Other investments, percentage	0.12%	0.16%
Pennsylvania1 [Member]
Other Investments, Total	$ 1,348,166	$ 1,632,023
Other investments, percentage	2.04%	2.30%
Texas1 [Member]
Other Investments, Total	$ 2,331,444	$ 2,479,933
Other investments, percentage	3.54%	3.49%
VIRGINIA
Other Investments, Total	$ 47,433	$ 59,759
Other investments, percentage	0.07%	0.08%
VERMONT
Other Investments, Total	$ 897,936	$ 247,065
Other investments, percentage	1.36%	0.35%
Washington [Member]
Other Investments, Total	$ 272,402	$ 279,969
Other investments, percentage	0.41%	0.39%

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements (Details Textual)	Dec. 31, 2021	Dec. 31, 2020
Number Of Private Placement Common Stocks	2	2

Note 3 - Fair Value Measureme_4

Note 3 - Fair Value Measurements - Fair Value Measured on a Recurring Basis (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Recurring [Member]
Equity securities	$ 348,218	$ 203,003
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	207,979	51,629
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	76,816	84,242
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	63,423	67,132
US Treasury and Government [Member]
Fixed maturity available-for-sale securities - fair value	427,013	434,303
US Treasury and Government [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	427,013	434,303
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	427,013	434,303
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
US States and Political Subdivisions Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	9,128,952	9,689,756
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	9,128,952	9,689,756
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	0	0
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	9,128,952	9,689,756
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	0	0
Commercial Mortgage Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	3,424,395
Commercial Mortgage Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	3,424,395
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	3,424,395
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0
Residential Mortgage Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	24,276	28,442
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	24,276	28,442
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	24,276	28,442
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Corporate Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	128,861,381	123,135,359
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	128,861,381	123,135,359
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	128,861,381	123,135,359
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Asset-backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	5,318,303	2,037,269
Asset-backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	5,318,303	2,037,269
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	5,318,303	2,037,269
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Exchange-traded Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	516,600	499,800
Exchange-traded Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	516,600	499,800
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	516,600	499,800
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Debt Security, Government, Non-US [Member]
Fixed maturity available-for-sale securities - fair value	34,733,326	34,198,367
Debt Security, Government, Non-US [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	34,733,326	34,198,367
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	34,733,326	34,198,367
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0
Certificates of Deposit [Member]
Fixed maturity available-for-sale securities - fair value	410,392	624,540
Certificates of Deposit [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	410,392	624,540
Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	410,392	624,540
Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Redeemable Preferred Stock [Member]
Fixed maturity available-for-sale securities - fair value	1,232,400
Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,232,400
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,232,400
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0
Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	184,077,038	170,647,836
Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	184,077,038	170,647,836
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	184,077,038	170,647,836
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Mutual Fund [Member] | Fair Value, Recurring [Member]
Equity securities	76,816	84,242
Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	0	0
Mutual Fund [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	76,816	84,242
Mutual Fund [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	0	0
Common Stock [Member] | Fair Value, Recurring [Member]
Equity securities	271,402	118,761
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	207,979	51,629
Common Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	0	0
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	$ 63,423	$ 67,132

Note 3 - Fair Value Measureme_5

Note 3 - Fair Value Measurements - Change in Fair Value of Available-for-sale Equity Securities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Beginning balance	$ 67,132	$ 64,107
Joint venture net income	75,195	90,292
Joint venture distribution	(78,904)	(87,267)
Ending balance	$ 63,423	$ 67,132

Note 3 - Fair Value Measureme_6

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Policy loans	$ 2,272,629	$ 2,108,678
Accrued investment income	4,879,290	5,370,508
Policy claims	2,381,183	2,099,548
Reported Value Measurement [Member]
Policy loans	2,272,629	2,108,678
Short-term investments	3,296,838	3,309,020
Other long-term investments	65,929,215	71,025,133
Cash and cash equivalents	42,528,046	40,230,095
Accrued investment income	4,879,290	5,370,508
Total financial assets	296,414,069	296,952,496
Policyholders' account balances	373,647,869	362,519,753
Policy claims	2,381,183	2,099,548
Total financial liabilities	376,029,052	364,619,301
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	8,140,003	11,002,689
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	169,368,048	163,906,373
Estimate of Fair Value Measurement [Member]
Policy loans	2,272,629	2,108,678
Short-term investments	3,296,838	3,309,020
Other long-term investments	80,667,966	89,264,246
Cash and cash equivalents	42,528,046	40,230,095
Accrued investment income	4,879,290	5,370,508
Total financial assets	329,898,481	336,170,946
Policyholders' account balances	373,412,607	380,666,901
Policy claims	2,381,183	2,099,548
Total financial liabilities	375,793,790	382,766,449
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans	0	0
Short-term investments	3,296,838	3,309,020
Other long-term investments	0	0
Cash and cash equivalents	42,528,046	40,230,095
Accrued investment income	0	0
Total financial assets	45,824,884	43,539,115
Policyholders' account balances	0	0
Policy claims	0	0
Total financial liabilities	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Policy loans	0	0
Short-term investments	0	0
Other long-term investments	0	0
Cash and cash equivalents	0	0
Accrued investment income	0	0
Total financial assets	0	0
Policyholders' account balances	0	0
Policy claims	0	0
Total financial liabilities	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Policy loans	2,272,629	2,108,678
Short-term investments	0	0
Other long-term investments	80,667,966	89,264,246
Cash and cash equivalents	0	0
Accrued investment income	4,879,290	5,370,508
Total financial assets	284,073,597	292,631,831
Policyholders' account balances	373,412,607	380,666,901
Policy claims	2,381,183	2,099,548
Total financial liabilities	375,793,790	382,766,449
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	8,917,023	11,085,406
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 2 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	8,917,023	11,085,406
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	187,336,689	184,802,993
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 2 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	$ 187,336,689	$ 184,802,993

Note 4 - Special Deposits (Deta

Note 4 - Special Deposits (Details Textual) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deposit Assets, Total	$ 4,673,271	$ 4,464,398
Other Assets, Fair Value Disclosure	$ 4,715,350	$ 4,531,967

Note 5 - Allowance for Loan L_3

Note 5 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 177,508,051	$ 174,909,062
Financing Receivable, Collectively Evaluated for Impairment	140,597,237	107,880,342
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance	706,519	541,894
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	795,730	766,667
Escrow Amount Available	611,176	431,523
Advances To Loan Originator	4,382,896	4,996,358
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	184,554	335,144
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	36,910,814	67,028,720
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 36,910,814	$ 67,028,720

Note 5 - Allowance for Loan L_4

Note 5 - Allowance for Loan Losses From Mortgage Loans On Real Estate - Allowance for Loss on Premium Financing (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Provision	$ 164,625	$ 36,516
Financing Receivable, Collectively Evaluated for Impairment	140,597,237	107,880,342
Residential Portfolio Segment [Member]
Allowance, beginning	486,604	443,057
Charge offs	0	0
Recoveries	0	0
Provision	188,558	43,547
Allowance, ending	675,162	486,604
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	675,162	486,604
Individually evaluated for reserve allowance	0	0
Financing Receivable, Collectively Evaluated for Impairment	132,457,234	96,877,653
Commercial Portfolio Segment [Member]
Allowance, beginning	55,290	62,321
Charge offs	0	0
Recoveries	0	0
Provision	(23,933)	(7,031)
Allowance, ending	31,357	55,290
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	31,357	55,290
Individually evaluated for reserve allowance	0	0
Financing Receivable, Collectively Evaluated for Impairment	8,140,003	11,002,689
Premium Finance Loans [Member]
Allowance, beginning	541,894	505,378
Charge offs	0	0
Recoveries	0	0
Provision	164,625	36,516
Allowance, ending	706,519	541,894
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	706,519	541,894
Individually evaluated for reserve allowance	0	0
Financing Receivable, Collectively Evaluated for Impairment	$ 140,597,237	$ 107,880,342

Note 6 - Deferred Policy Acqu_3

Note 6 - Deferred Policy Acquisition Costs - Deferred Acquisition Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Balance, beginning of year	$ 44,513,669	$ 38,005,639
Capitalization of commissions, sales and issue expenses	12,102,070	11,856,420
Amortization	(6,932,504)	(5,327,177)
Deferred acquisition costs allocated to investments	34,088	(21,213)
Balance, end of year	$ 49,717,323	$ 44,513,669

Note 7 - Federal Income Taxes_2

Note 7 - Federal Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%
Operating Loss Carryforwards, Total	$ 2,570,700
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ (129,363)	$ (985,666)
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Open Tax Year	2018 2019 2020 2021
TLIC [Member]
Operating Loss Carryforwards, Total	$ 685,110
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 150,397	$ 534,713

Note 7 - Federal Income Taxes -

Note 7 - Federal Income Taxes - Reconciliation of Federal Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Expected tax expense	$ 771,390	$ 856,967
Difference in book versus tax basis of available-for-sale securities	142,199	(179,854)
Net operating losses	122,654	44,547
Discount amortization	60,066	(13,094)
Policy loans	32,494	(16,128)
Non taxable international losses	31,864	22,027
Mortgage loans	11,822	12,852
Future policy benefits	(1,672)	9,011
Reinsurance recoverable	(31,356)	6,813
Adjustment of prior years' taxes	(154,921)	(46,466)
Capital gain taxes	(188,534)	152,306
Other	19,912	53,123
Total federal income tax expense	$ 815,918	$ 902,104

Note 7 - Federal Income Taxes_3

Note 7 - Federal Income Taxes - Deferred Taxes (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred tax liabilities:
Net unrealized investment gains	$ 3,509,878	$ 4,656,911
Deferred policy acquisition costs	8,794,233	7,775,267
Value of insurance business acquired	906,884	964,525
Reinsurance recoverable	216,819	248,175
Due premiums	79,368	87,937
Available-for-sale fixed maturity securities	42,030	0
Investment real estate	23,425	23,425
Other	26,949	18,635
Total deferred tax liabilities	13,599,586	13,774,875
Deferred tax assets:
Policyholders' account balances and future policy benefits	3,761,239	3,591,696
Net operating loss carryforward	683,720	679,303
Mortgage loans	148,369	104,645
Available-for-sale fixed maturity securities	0	100,582
Policy claims	0	32,494
Unearned investment income	19,154	14,978
Available-for-sale equity securities	11,860	20,864
Dividend liability	8,941	9,408
Total deferred tax assets	4,633,283	4,553,970
Net deferred tax liabilities	$ 8,966,303	$ 9,220,905

Note 8 - Reinsurance (Details T

Note 8 - Reinsurance (Details Textual) - USD ($)	Dec. 31, 2021	Apr. 01, 2020	Dec. 31, 2019	Jan. 01, 2018	Sep. 29, 2005
Reinsurance Life Insurance Maximum Exposure	$ 100,000
Percent Ceded					50.00%
The Assuming Offshore Company [Member]
Additional Percentage of Assets in Trust above Required Annuity Reserve	4.00%
Trinity American, Inc. ("TAI") [Member] | Trinity Life Insurance Company [Member]
Percent Ceded			100.00%
First Life America Corporation [Member
Reinsurance Life Insurance Maximum Exposure	$ 100,000
Percent Ceded		0.00%		90.00%

Note 8 - Reinsurance - Reinsura

Note 8 - Reinsurance - Reinsurance Assumed and Ceded (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Premiums assumed	$ 4,745,854	$ 3,023,178
Commissions and expense allowances assumed	1,920,939	1,494,464
Benefits assumed	78,203	88,171
Reserve credits assumed	5,714,631	2,944,668
In force amount assumed	78,467,315	56,417,493
Premiums ceded	1,679,793	2,130,523
Commissions and expense allowances ceded	50,407	80,383
Benefits ceded	3,036,438	2,234,094
Reserve credits ceded	103,209,641	104,593,282
In force amount ceded	$ 50,756,838	$ 57,739,638

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) - Topeka Kansas [Member]	Nov. 16, 2020USD ($)ft²a	Jun. 01, 2016	Nov. 16, 2020USD ($)ft²a	Aug. 31, 2019USD ($)	Dec. 31, 2021USD ($)ft²	Dec. 31, 2020USD ($)	Aug. 31, 2020USD ($)	Sep. 01, 2020	Jun. 01, 2020USD ($)	Jun. 01, 2019USD ($)	Jun. 01, 2018USD ($)	Jul. 01, 2016USD ($)	Oct. 01, 2015USD ($)ft²	Sep. 01, 2015	Jun. 01, 2011ft²	Sep. 01, 2010ft²
Trinity Life Insurance Company [Member]
Area of Land (Acre) | a	3		3
Office Building [Member] | Trinity Life Insurance Company [Member]
Area of Real Estate Property (Square Foot) | ft²	20,000		20,000													2,500
Operating Leases, Leasehold Improvement, Allowance	$ 34,507		$ 34,507									$ 88,833
Real Estate Held-for-sale	1,078,037		$ 1,078,037
Gain (Loss) on Investments, Total	240,374
Proceeds from Sale of Real Estate, Total	$ 1,318,411
Lessee, Operating Lease, Term of Contract (Year)	2 years	5 years	2 years					96 months						3 years
Operating Leases, Notice to Terminate Term (Day)	90 days	120 days
Operating Lease, Allowance on Leasehold Improments, Interest Rate								5.00%				5.00%
Operating Lease, Monthly Payment Receivables									$ 18,578	$ 18,584	$ 18,508
Operating Leases, Rental Payments			$ 4,433	$ 4,293			$ 4,310
Office Building [Member] | Trinity Life Insurance Company [Member] | Lease Agreement for 10,000 Square Feet [Member]
Area of Real Estate Property (Square Foot) | ft²															10,000
Office Space [Member]
Area of Real Estate Property (Square Foot) | ft²					7,302								6,769
Operating Lease, Expense					$ 109,695	$ 85,198
Operating Leases, Leasehold Improvement, Allowance					77,000								$ 54,152
Operating Leases, Leasehold Improvement, Allowance Amortization					13,750	$ 8,123
Lessee, Operating Lease, Liability, to be Paid, Year One					116,029
Lessee, Operating Lease, Liability, to be Paid, Year Two					118,365
Lessee, Operating Lease, Liability, to be Paid, Year Three					120,720
Lessee, Operating Lease, Liability, to be Paid, Year Four					123,130
Lessee, Operating Lease, Liability, to be Paid, Year Five					$ 125,576

Note 10 - Shareholders' Equit_2

Note 10 - Shareholders' Equity and Statutory Accounting Practices (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statutory Accounting Practices, Statutory Net Income Amount	$ 1,559,666	$ 799,751
Statutory Accounting Practices, Statutory Capital and Surplus, Balance, Total	$ 11,786,573	10,259,330
Maximum Dividend Percent	10.00%
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments, Total	$ 1,495,631
Payments of Dividends, Total	0	393,178
Trinity Life Insurance Company [Member]
Payments of Dividends, Total	0	0
Trinity Life Insurance Company [Member]
Statutory Accounting Practices, Statutory Net Income Amount	(563,056)	(1,526,638)
Statutory Accounting Practices, Statutory Capital and Surplus, Balance, Total	14,305,969	13,638,231
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments, Total	1,430,596
Trinity Life Insurance Company [Member] | First Trinity Financial Corporation [Member]
Payments of Dividends, Total	$ 0	$ 0

Note 11 - Segment Data - Segmen

Note 11 - Segment Data - Segment Data - Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Total revenue	$ 57,116,241	$ 52,791,005
Income before income taxes	3,673,288	4,080,794
Depreciation and amortization expense	7,250,567	5,780,151
Life Insurance Operations [Member]
Total revenue	36,727,984	32,236,531
Income before income taxes	1,405,948	337,686
Depreciation and amortization expense	6,179,866	4,733,751
Annuity Operations [Member]
Total revenue	19,794,712	19,724,655
Income before income taxes	2,203,412	2,986,150
Depreciation and amortization expense	1,070,701	1,046,400
Corporate Segment [Member]
Total revenue	593,545	829,819
Income before income taxes	$ 63,928	$ 756,958

Note 11 - Segment Data - Assets

Note 11 - Segment Data - Assets (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Total assets	$ 659,758,934	$ 643,595,269
Life Insurance Operations [Member]
Total assets	133,378,698	120,484,734
Annuity Operations [Member]
Total assets	521,742,643	518,257,307
Corporate Segment [Member]
Total assets	$ 4,637,593	$ 4,853,228

Note 12 - Concentrations of C_2

Note 12 - Concentrations of Credit Risk (Details Textual)	Dec. 31, 2021USD ($)
Cash, FDIC Insured Amount	$ 250,000
Cash, Uninsured Amount	$ 40,431,952

Note 13 - Contingent Liabilit_2

Note 13 - 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 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - Collateralized Loan to Related Party [Member] - Former Chairman of The Board of Directors [Member]	Jun. 28, 2021USD ($)
Due from Related Parties, Total	$ 400,000
Related Party Transaction, Rate	5.00%

Note 15 - Other Comprehensive_3

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Balance	$ 69,852,212	$ 57,418,262
Total other comprehensive income (loss)	(4,315,031)	7,902,198
Balance	68,394,551	69,852,212
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Balance	17,551,279	9,632,323
Other comprehensive income (loss) before reclassifications, net of tax	(3,857,078)	7,722,905
Less amounts reclassified from accumulated other comprehensive income, net of tax	484,882	(196,051)
Total other comprehensive income (loss)	(4,341,960)	7,918,956
Balance	13,209,319	17,551,279
Adjustment to Deferred Acquisition Costs [Member]
Balance	(32,421)	(15,663)
Other comprehensive income (loss) before reclassifications, net of tax	26,929	(16,758)
Less amounts reclassified from accumulated other comprehensive income, net of tax	0	0
Total other comprehensive income (loss)	26,929	(16,758)
Balance	(5,492)	(32,421)
AOCI Attributable to Parent [Member]
Balance	17,518,858	9,616,660
Other comprehensive income (loss) before reclassifications, net of tax	(3,830,149)	7,706,147
Less amounts reclassified from accumulated other comprehensive income, net of tax	484,882	(196,051)
Total other comprehensive income (loss)	(4,315,031)	7,902,198
Balance	$ 13,203,827	$ 17,518,858

Note 15 - Other Comprehensive_4

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income - Other Comprehensive Income (Loss) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Unrealized holding gains (losses) arising during the period, pretax		$ (4,882,377)	$ 9,775,829
Unrealized holding gains (losses) arising during the period, income tax expense (benefit)		(1,025,299)	2,052,924
Unrealized holding gains (losses) arising during the period, net of tax		(3,857,078)	7,722,905
Realized gains (losses) on sales of securities	[1]	613,775	(248,166)
Income tax expense (benefit)	[2]	128,893	(52,115)
Reclassification adjustment for net gains included in operation, net of tax		484,882	(196,051)
Net unrealized gains (losses) on investments, pretax		(5,496,152)	10,023,995
Net unrealized gains (losses) on investments, income tax expense (benefit)		(1,154,192)	2,105,039
Net unrealized gains (losses) on investments, net of tax		(4,341,960)	7,918,956
Adjustment to deferred acquisition costs, pretax		34,088	(21,213)
Adjustment to deferred acquisition costs, income tax expense (benefit)		7,159	(4,455)
Adjustment to deferred acquisition costs, net of tax		26,929	(16,758)
Total other comprehensive income (loss), pretax		(5,462,064)	10,002,782
Total other comprehensive income (loss), income tax expense (benefit)		(1,147,033)	2,100,584
Total other comprehensive income (loss), net of tax		$ (4,315,031)	$ 7,902,198
[1]	These items appear within net realized investment gains in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 15 - Other Comprehensive_5

Note 15 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income - Reclassified From Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Realized gains (losses) on sales of securities	[1]	$ 613,775	$ (248,166)
Income tax expense (benefit)	[2]	128,893	(52,115)
Total reclassification adjustments		$ 484,882	$ (196,051)
[1]	These items appear within net realized investment gains in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 16 - Line of Credit (Detai

Note 16 - Line of Credit (Details Textual) - Line of Credit [Member] - USD ($) $ in Thousands	Sep. 15, 2021	Dec. 31, 2021	Dec. 31, 2020
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,500
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.00%
Long-term Line of Credit, Total		$ 0	$ 0
Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%