First Trinity Financial (FTFC) 10-K 9 Mar 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - shares	12 Months Ended
	Dec. 31, 2022	Mar. 06, 2023
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	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
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
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Auditor Firm ID	718
Auditor Name	Kerber, Eck & Braeckel LLP
Auditor Location	Springfield, Illinois
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, 2022	Dec. 31, 2021
Investments
Mortgage loans on real estate	$ 242,314,128	$ 177,508,051
Investment real estate	540,436	688,345
Policy loans	2,840,887	2,272,629
Short-term investments	1,860,578	3,296,838
Other long-term investments	67,500,783	65,929,215
Total investments	442,069,335	434,120,334
Cash and cash equivalents	33,542,725	42,528,046
Accrued investment income	5,580,175	4,879,290
Recoverable from reinsurers	11,102,875	1,046,381
Assets held in trust under coinsurance agreement
Mortgage loans on real estate	242,314,128	177,508,051
Short-term investments	1,860,578	3,296,838
Cash and cash equivalents	33,542,725	42,528,046
Agents' balances and due premiums	1,253,077	1,713,050
Deferred policy acquisition costs	56,183,785	49,717,323
Value of insurance business acquired	4,048,105	4,318,499
Other assets	20,050,191	15,225,765
Total assets	665,864,037	659,758,934
Policy liabilities
Policyholders' account balances	391,359,944	373,647,869
Future policy benefits	110,012,174	88,735,716
Policy claims	2,541,088	2,381,183
Other policy liabilities	146,217	88,847
Total policy liabilities	504,059,423	464,853,615
Funds withheld under coinsurance agreement	92,301,039	106,586,633
Deferred federal income taxes	2,677,411	8,966,303
Other liabilities	15,173,652	10,957,832
Total liabilities	614,211,525	591,364,383
Shareholders' equity
Additional paid-in capital	43,668,023	39,078,485
Treasury stock, at cost (247,580 shares as of December 31, 2022 and 2021)	(893,947)	(893,947)
Accumulated other comprehensive income (loss)	(14,319,679)	13,203,827
Accumulated earnings	23,100,785	16,916,082
Total shareholders' equity	51,652,512	68,394,551
Total liabilities and shareholders' equity	665,864,037	659,758,934
Common Class A [Member]
Shareholders' equity
Common stock	96,319	89,093
Common Class B [Member]
Shareholders' equity
Common stock	1,011	1,011
Trinity Life Insurance Company [Member]
Investments
Mortgage loans on real estate	31,028,575	33,049,329
Short-term investments	982,404	0
Cash and cash equivalents	3,813,750	4,413,384
Assets held in trust under coinsurance agreement
Mortgage loans on real estate	31,028,575	33,049,329
Short-term investments	982,404	0
Cash and cash equivalents	3,813,750	4,413,384
Total assets held in trust under coinsurance agreement	92,033,769	106,210,246
Debt Securities [Member]
Investments
Available-for-sale fixed maturity securities at fair value	126,612,890	184,077,038
Assets held in trust under coinsurance agreement
Available-for-sale fixed maturity securities at fair value	126,612,890	184,077,038
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Investments
Available-for-sale fixed maturity securities at fair value	56,209,040	68,747,533
Assets held in trust under coinsurance agreement
Available-for-sale fixed maturity securities at fair value	56,209,040	68,747,533
Equity Securities [Member]
Investments
Equity securities at fair value (cost: $276,131 and $285,558 as of December 31, 2022 and 2021, respectively)	$ 399,633	$ 348,218

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parentheticals) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
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)	9,631,920	8,909,276
Common stock, shares outstanding (in shares)	9,384,340	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	$ 144,744,158	$ 167,356,364
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities at cost	63,649,991	65,269,544
Equity Securities [Member]
Equity securities, cost	$ 276,131	$ 285,558

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenues
Premiums	$ 35,705,560	$ 31,922,288
Net investment income	26,221,172	23,984,188
Net realized investment gains	544,217	898,551
Service fees	3,004,324	228,597
Other income	83,826	82,617
Total revenues	65,559,099	57,116,241
Benefits and claims
Increase in future policy benefits	13,713,452	12,121,912
Death benefits	12,998,679	11,054,856
Surrenders	1,414,622	1,198,363
Interest credited to policyholders	12,714,469	12,663,112
Dividend, endowment and supplementary life contract benefits	330,598	316,403
Total benefits and claims	41,171,820	37,354,646
Policy acquisition costs deferred	(13,734,859)	(12,102,070)
Amortization of deferred policy acquisition costs	7,280,457	6,932,504
Amortization of value of insurance business acquired	270,394	274,478
Commissions	12,776,046	12,069,749
Other underwriting, insurance and acquisition expenses	9,824,589	8,913,646
Total expenses	16,416,627	16,088,307
Total benefits, claims and expenses	57,588,447	53,442,953
Income before total federal income tax expense (benefit)	7,970,652	3,673,288
Current federal income tax expense (benefit)	758,465	(76,513)
Deferred federal income tax expense	1,027,484	892,431
Total federal income tax expense	1,785,949	815,918
Net income	$ 6,184,703	$ 2,857,370
Common Class A [Member]
Net income per common share
Common stock (in dollars per share)	$ 0.6531	$ 0.3266
Common Class B [Member]
Net income per common share
Common stock (in dollars per share)	$ 0.5551	$ 0.2776

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Net income		$ 6,184,703	$ 2,857,370
Other comprehensive loss
Total net unrealized investment losses arising during the period		(33,990,160)	(4,882,377)
Less net realized investment gains	[1]	861,782	613,775
Net unrealized investment losses		(34,851,942)	(5,496,152)
Adjustment to deferred acquisition costs		(12,060)	(34,088)
Other comprehensive loss before federal income tax benefit		(34,839,882)	(5,462,064)
Federal income tax benefit		(7,316,376)	(1,147,033)
Total other comprehensive loss		(27,523,506)	(4,315,031)
Total comprehensive loss		$ (21,338,803)	$ (1,457,661)
[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]	Total
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
Net income	0	0	0	0	0	6,184,703	6,184,703
Other comprehensive income (loss)	$ 0	0	0	0	(27,523,506)	0	(27,523,506)
Acquisition of Royalty Capital Life Insurance Company (in shares)	7,226
Acquisition of Royalty Capital Life Insurance Company			4,589,538				4,596,764
Balance at Dec. 31, 2022	$ 96,319	$ 1,011	$ 43,668,023	$ (893,947)	$ (14,319,679)	$ 23,100,785	$ 51,652,512

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net income	$ 6,184,703	$ 2,857,370
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of discount on investments	(4,896,100)	(4,757,938)
Net realized investment gains	(544,217)	(898,551)
Amortization of policy acquisition cost	7,280,457	6,932,504
Policy acquisition costs deferred	(13,734,859)	(12,102,070)
Amortization of loan origination fees	0	43,585
Amortization of value of insurance business acquired	270,394	274,478
Allowance for mortgage loan losses	413,929	164,625
Provision for deferred federal income tax expense	1,027,484	892,431
Interest credited to policyholders	12,714,469	12,663,112
Change in assets and liabilities:
Accrued investment income	(700,877)	491,218
Recoverable from reinsurers	578,259	187,840
Assets held in trust under coinsurance agreement	7,156,208	4,995,535
Agents' balances and due premiums	485,160	441,272
Other assets	(4,818,426)	(4,847,263)
Future policy benefits	13,174,365	12,061,919
Policy claims	108,513	281,635
Other policy liabilities	57,370	(30,852)
Other liabilities (excludes change in payable of securities purchased of ($1,074,665) and $1,087,127 in 2022 and 2021, respectively)	5,281,980	(556,725)
Net cash provided by operating activities	30,038,812	19,094,125
Investing activities
Maturities of fixed maturity securities	952,000	1,150,000
Sales of fixed maturity securities	57,441,624	13,224,511
Purchases of equity securities	(215,470)	(181,243)
Sales of equity securities	0	89
Acquisition of Royalty Capital life Insurance Company	3,525,749	0
Joint venture distribution	216,897	78,904
Purchases of mortgage loans	(183,102,781)	(107,238,975)
Payments on mortgage loans	118,132,864	104,436,910
Purchases of other long-term investments	(13,327,014)	(2,993,805)
Collections on other long-term investments	16,308,664	12,812,964
Sales of real estate	200,080	818,018
Policy loans	(568,258)	(163,951)
Short-term investments	3,022,927	12,182
Net cash used in investing activities	(33,736,804)	(10,120,412)
Financing activities
Policyholders' account deposits	67,308,368	28,708,203
Policyholders' account withdrawals	(72,595,697)	(35,383,965)
Net cash used in financing activities	(5,287,329)	(6,675,762)
Increase (decrease) in cash and cash equivalents	(8,985,321)	2,297,951
Cash and cash equivalents, beginning of period	42,528,046	40,230,095
Cash and cash equivalents, end of period	33,542,725	42,528,046
Receivables Excluding Policy Loan Receivables [Member]
Investing activities
Net change in receivable and payable for securities sold and purchased	(1,074,665)	1,087,127
Debt Securities [Member]
Investing activities
Purchases of fixed maturity securities	$ (35,249,421)	$ (33,163,143)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in receivable of securities sold	$ (3,421)
Change in payable of securities purchased	$ (1,074,665)	$ 1,087,127

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	During 2021, In conjunction with these foreclosures, the non-cash impact on investing activities is summarized as follows: Year Ended December 31, 2021 Reductions in mortgage loans due to foreclosure $ 458,587 Investment real estate held-for-sale acquired through foreclosure (458,587 ) Net cash used in investing activities $ - On January 4, 2022, In conjunction with this 2022 December 31, 2022 Cash used in acquisition of Royalty Capital Life Insurance Company $ - Cash provided in acquisition of Royalty Capital Life Insurance Company 3,525,749 Increase in cash from acquisition of Royalty Capital Life Insurance Company 3,525,749 Fair value of assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash) Short-term investments 1,586,667 Recoverable from reinsurers 10,634,753 Accrued investment income 8 Due premiums 25,187 Other assets 6,000 Total fair value of assets acquired (excluding cash) 12,252,615 Fair value of liabilities assumed in acquisition of Royalty Capital Life Insurance Company Future policy benefits 8,102,093 Policyholders' account balance 3,019,610 Policy claims 51,392 Other liabilities 8,505 Total fair value of liabilities assumed 11,181,600 Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash) 1,071,015 Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (including cash) $ 4,596,764 See notes to consolidated financial statements.

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
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”) 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. 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. 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, On January 4, 2022, March 1, 2022, 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 Common Stock Class A and Class B common stock are both fully paid, non-assessable and has a par value of $.01 one one may one .85 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 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 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, 2022 2021, five 2023, 2024, 2025, 2026 2027. 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 5.00%. 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. 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. The Company generates fee income and recognizes revenue from providing contractual services to third December 31, 2022 2021. 2022 2021 third not third one third third 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 For the year ended December 31, 2022, December 31, 2021, 85% For the year ended December 31, 2022, December 31, 2021, December 31, 2022 2021 Subsequent Events Management has evaluated all events subsequent to December 31, 2022 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. Early adoption is permitted for reporting periods beginning after December 15, 2018. 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 2025 Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 first 2021. not Troubled Debt Restructurings and Vintage Disclosures In March 2022, 2022 2 December 15, 2022, not Transition for Sold Contracts In December 2022, 2022 5 2018 12 2018 12 no may not The amendments in this guidance are effective for fiscal years beginning after December 15, 2024. not 2025

Note 2 - Investments

Note 2 - Investments	12 Months Ended
	Dec. 31, 2022
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, 2022 2021 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value December 31, 2022 Fixed maturity securities U.S. government and U.S. government agencies $ 2,097,558 $ - $ 42,993 $ 2,054,565 States and political subdivisions 4,966,770 2,268 408,717 4,560,321 Commercial mortgage-backed securities 10,608,213 - 2,274,575 8,333,638 Residential mortgage-backed securities 10,550 4,700 - 15,250 Corporate bonds 88,394,563 35,464 10,317,890 78,112,137 Asset-backed securities 9,538,593 - 1,539,164 7,999,429 Exchange traded securities 682,280 - 215,080 467,200 Foreign bonds 26,995,631 - 3,225,551 23,770,080 Redeemable preferred securities 1,250,000 - 148,800 1,101,200 Certificate of deposits 200,000 - 930 199,070 Total fixed maturity securities $ 144,744,158 $ 42,432 $ 18,173,700 $ 126,612,890 Fixed maturity securities held in trust under coinsurance agreement $ 63,649,991 $ 8,224 $ 7,449,175 $ 56,209,040 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 Fixed maturity securities held in trust under coinsurance agreement $ 65,269,544 $ 3,593,466 $ 115,477 $ 68,747,533 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, 2022 2021 Unrealized Number of Fair Value Loss Securities December 31, 2022 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 1,760,073 $ 37,231 2 States and political subdivisions 3,325,252 301,788 20 Commercial mortgage-backed securities 5,863,255 1,387,792 17 Corporate bonds 69,451,263 8,733,104 216 Asset-backed securities 5,042,586 890,318 12 Certificate of deposits 199,070 930 1 Foreign bonds 21,766,704 2,785,419 61 Total less than 12 months in an unrealized loss position 107,408,203 14,136,582 329 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 294,492 5,762 2 States and political subdivisions 766,424 106,929 3 Commercial mortgage-backed securities 2,470,383 886,783 7 Corporate bonds 6,314,364 1,584,786 20 Asset-backed securities 2,956,843 648,846 9 Exchange traded securities 467,200 215,080 2 Redeemable preferred securities 351,200 148,800 2 Foreign bonds 2,003,376 440,132 6 Total more than 12 months in an unrealized loss position 15,624,282 4,037,118 51 Total fixed maturity securities in an unrealized loss position $ 123,032,485 $ 18,173,700 380 Fixed maturity securities held in trust under coinsurance agreement Total less than 12 months in an unrealized loss position $ 49,918,808 $ 5,679,624 231 Total more than 12 months in an unrealized loss position 5,524,318 1,769,551 21 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 55,443,126 $ 7,449,175 252 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 Fixed maturity securities held in trust under coinsurance agreement Total less than 12 months in an unrealized loss position $ 8,000,895 $ 115,477 21 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 8,000,895 $ 115,477 21 As of December 31, 2022, December 31, 2022. 380 As of December 31, 2021, December 31, 2021. 61 The Company’s decision to record an impairment loss is primarily based on whether the security’s fair value is likely to remain significantly below its book value based on all of the factors considered. Factors that are considered include the length of time the security’s fair value has been below its carrying amount, the severity of the decline in value, the credit worthiness of the issuer, and the coupon and/or dividend payment history of the issuer. The Company also assesses whether it intends to sell or whether it is more likely than not may For any fixed maturity securities that are other-than-temporarily impaired, the Company determines the portion of the other-than-temporary impairment that is credit-related and the portion that is related to other factors. The credit-related portion is the difference between the expected future cash flows and the amortized cost basis of the fixed maturity security, and that difference is charged to earnings. The non-credit-related portion representing the remaining difference to fair value is recognized in other comprehensive income (loss). Only in the case of a credit-related impairment where management has the intent to sell the security, or it is more likely than not There were no December 31, 2022 2021. Management believes that the Company will fully recover its cost basis in the securities held as of December 31, 2022, not not Net unrealized gains (losses) included in other comprehensive loss for investments classified as available-for-sale, net of the effect of deferred income taxes and deferred acquisition costs assuming that the appreciation (depreciation) had been realized as of December 31, 2022 2021 December 31, 2022 December 31, 2021 Unrealized appreciation (depreciation) on available-for-sale securities $ (18,131,268 ) $ 16,720,674 Adjustment to deferred acquisition costs 5,091 (6,969 ) Deferred income taxes 3,806,498 (3,509,878 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (14,319,679 ) $ 13,203,827 Assets held in trust under coinsurance agreement Unrealized appreciation (depreciation) on fixed maturity securities available-for-sale $ (7,440,951 ) $ 3,477,989 The amortized cost and fair value of fixed maturity available-for-sale securities as of December 31, 2022, December 31, 2022 Fixed Maturities Available-For-Sale Securities Amortized Cost Fair Value Due in one year or less $ 2,391,907 $ 2,340,145 Due in one year through five years 22,780,210 21,533,642 Due after five years through ten years 22,971,010 21,181,275 Due after ten years 84,732,268 72,107,740 Due at multiple maturity dates 11,868,763 9,450,088 $ 144,744,158 $ 126,612,890 Expected maturities will differ from contractual maturities because borrowers may The amortized cost and fair value of fixed maturity available-for-sale securities held in trust under coinsurance agreement as of December 31, 2022, December 31, 2022 Fixed Maturity Available-For-Sale Securities Amortized Cost Fair Value Due in one year or less $ 159,534 $ 157,936 Due after one year through five years 31,376,771 29,918,801 Due after five years through ten years 8,169,267 7,655,109 Due after ten years 20,806,261 15,820,949 Due at multiple maturity dates 3,138,158 2,656,245 $ 63,649,991 $ 56,209,040 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, 2022 2021 Years Ended December 31, Fixed Maturity Securities Equity Securities Investment Real Estate 2022 2021 2022 2021 2022 2021 Proceeds $ 58,393,624 $ 14,374,511 $ - $ 89 $ 200,080 $ 818,018 Gross realized gains 1,230,951 780,266 - 89 55,867 289,840 Gross realized losses (369,169 ) (166,491 ) (8,000 ) - (3,696 ) - Loss on other-than- temporary impairment - - - - - - Years Ended December 31, Mortgage Loans on Real Estate Other Long-Term Investments 2022 2021 2022 2021 Proceeds $ - $ 28,966,890 $ 16,308,664 $ 12,812,964 Gross realized gains - 39,727 - - Gross realized losses - (4,417 ) (422,578 ) (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, 2022 2021 December 31, 2022 2021 Years Ended December 31, 2022 2021 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (34,851,942 ) $ (5,496,152 ) Fixed maturity securities held in trust under coinsurance agreement (10,918,940 ) (3,568,403 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 861,782 613,775 Equity securities, sale of securities (8,000 ) 89 Equity securities, changes in fair value 60,842 42,876 Investment real estate 52,171 289,840 Mortgage loans on real estate - 35,310 Other long-term investments (422,578 ) (83,339 ) Mortgage Loans on Real Estate The Company’s mortgage loans by property type as of December 31, 2022 2021 December 31, 2022 December 31, 2021 Residential mortgage loans $ 223,984,194 $ 169,368,048 Commercial mortgage loans by property type Agricultural 994,691 - Apartment 3,625,533 175,121 Industrial 1,999,438 1,170,544 Lodging 268,741 280,836 Office building 5,681,946 2,285,403 Retail 5,759,585 4,228,099 Total commercial mortgage loans by property type 18,329,934 8,140,003 Total mortgage loans $ 242,314,128 $ 177,508,051 Mortgage loans held in trust under coinsurance agreement Residential mortgage loans $ - $ 3,803,847 Commercial mortgage loans 31,076,883 30,013,132 Less unearned interest on mortgage loans 48,308 767,650 Total mortgage loans held in trust under coinsurance agreement $ 31,028,575 $ 33,049,329 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 agricultural, apartment, industrial, lodging, office building and retail) mortgage loans on real estate by credit quality using this ratio as of December 31, 2022 2021 December 31, Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans Loan-To-Value Ratio 2022 2021 2022 2021 2022 2021 Over 70% to 80% $ 72,013,555 $ 52,292,906 $ 3,287,048 $ 1,069,973 $ 75,300,603 $ 53,362,879 Over 60% to 70% 67,780,388 50,445,981 3,033,504 1,359,831 70,813,892 51,805,812 Over 50% to 60% 36,929,025 26,492,616 1,839,272 1,496,664 38,768,297 27,989,280 Over 40% to 50% 20,100,407 19,235,027 1,272,088 312,648 21,372,495 19,547,675 Over 30% to 40% 13,143,773 7,843,501 5,123,894 1,471,023 18,267,667 9,314,524 Over 20% to 30% 8,898,731 9,482,943 733,238 1,916,446 9,631,969 11,399,389 Over 10% to 20% 3,976,357 2,737,111 3,040,890 513,418 7,017,247 3,250,529 10% or less 1,141,958 837,963 - - 1,141,958 837,963 Total $ 223,984,194 $ 169,368,048 $ 18,329,934 $ 8,140,003 $ 242,314,128 $ 177,508,051 The outstanding principal balance of mortgage loans, by state, as of December 31, 2022 2021 December 31, 2022 December 31, 2021 Amount Percentage Amount Percentage Alabama $ 1,631,291 0.67 % $ 788,026 0.44 % Arizona 1,095,402 0.45 % 726,676 0.41 % Arkansas 736,037 0.30 % 723,456 0.41 % California 13,811,582 5.70 % 8,890,865 5.01 % Colorado 1,536,180 0.63 % 55,838 0.03 % Connecticut 2,882,731 1.19 % 3,735,358 2.10 % Delaware 155,840 0.06 % 61,318 0.03 % District of Columbia 53,653 0.02 % - 0.00 % Florida 94,748,560 39.11 % 48,603,579 27.38 % Georgia 7,314,430 3.02 % 7,852,783 4.42 % Illinois 2,634,689 1.09 % 3,606,147 2.03 % Indiana 335,817 0.14 % 1,884,980 1.06 % Kansas 251,815 0.10 % 389,644 0.22 % Kentucky - 0.00 % 76,259 0.04 % Louisiana 189,335 0.08 % 149,861 0.08 % Maine 200,056 0.08 % 124,733 0.07 % Maryland 1,285,510 0.53 % 508,856 0.29 % Massachusetts 2,580,335 1.06 % 1,141,814 0.64 % Michigan 363,570 0.15 % 429,905 0.24 % Minnesota 922,025 0.38 % 866,964 0.49 % Mississippi - 0.00 % 37,128 0.02 % Missouri 3,505,416 1.45 % 5,894,094 3.32 % Montana - 0.00 % 700,000 0.39 % Nevada 469,713 0.19 % - 0.00 % New Jersey 15,465,715 6.38 % 9,558,374 5.38 % New Mexico 79,815 0.03 % 80,415 0.05 % New York 24,960,742 10.30 % 9,948,828 5.60 % North Carolina 5,975,930 2.47 % 1,733,732 0.98 % Ohio 8,230,523 3.40 % 6,809,487 3.84 % Oklahoma 739,753 0.31 % 645,008 0.36 % Oregon 459,193 0.19 % 105,446 0.06 % Pennsylvania 1,477,938 0.61 % 794,333 0.45 % Rhode Island 235,713 0.10 % - 0.00 % South Carolina 682,167 0.28 % 1,004,438 0.57 % Tennessee 1,865,345 0.77 % 2,737,512 1.54 % Texas 43,134,683 17.80 % 55,003,626 31.02 % Utah 134,668 0.06 % - 0.00 % Vermont 208,045 0.09 % 220,093 0.12 % Virginia 2,013,668 0.83 % 1,081,200 0.61 % Washington 517,963 0.21 % 811,405 0.46 % Wisconsin 502,127 0.21 % 432,389 0.24 % West Virginia 46,601 0.02 % - 0.00 % Mortgage loan allowance (1,120,448 ) -0.46 % (706,519 ) -0.40 % $ 242,314,128 100 % $ 177,508,051 100 % During 2022, not 2021, The principal balances of the 1,538 residential mortgage loans owned by the Company as of December 31, 2022 December 31, 2022 The principal balances of the 1,086 residential mortgage loans owned by the Company as of December 31, 2021 December 31, 2021 There were 17 mortgage loans with a remaining principal balance of $4,134,266 that were more than 90 days past due as of December 31, 2022. December 31, 2022. 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. one December 31, 2021 There are allowances for losses on mortgage loans of $1,120,448 and $706,519 as of December 31, 2022 2021, December 31, 2022, third one December 31, 2021, third one In 2022 2021 not Investment real estate TLIC owns approximately three FBLIC owns approximately one During 2022, During 2021, 2021, The Company’s investment real estate as of December 31, 2022 2021 December 31, 2022 2021 Land - held for investment $ 540,436 $ 540,436 Residential real estate - held for sale - 147,909 Total investment in real estate $ 540,436 $ 688,345 Other Long-Term Investments The Company’s investment in lottery prize cash flows was $67,500,783 and $65,929,215 as of December 31, 2022 2021, The amortized cost and estimated fair value of lottery prize cash flows, by contractual maturity, as of December 31, 2022 December 31, 2022 Amortized Cost Fair Value Due in one year or less $ 13,340,048 $ 13,506,367 Due in one year through five years 36,158,892 38,673,589 Due after five years through ten years 12,541,801 14,505,473 Due after ten years 5,460,042 7,470,393 $ 67,500,783 $ 74,155,822 The outstanding balance of lottery prize cash flows, by state lottery, as of December 31, 2022 2021 December 31, 2022 December 31, 2021 Amount Percentage Amount Percentage Arizona $ 343,698 0.51 % $ 383,181 0.58 % California 7,891,340 11.69 % 6,757,460 10.25 % Connecticut 2,334,369 3.46 % 2,515,625 3.82 % Florida 851,727 1.26 % - 0.00 % Georgia 5,249,187 7.78 % 3,710,308 5.63 % Illinois 1,422,002 2.11 % 669,246 1.02 % Indiana 4,852,536 7.19 % 5,411,453 8.21 % Maine 40,686 0.06 % 78,497 0.12 % Massachusetts 14,736,084 21.83 % 14,753,225 22.38 % Michigan 210,900 0.31 % 229,980 0.35 % Missouri 73,107 0.11 % 82,794 0.13 % New Jersey 99,031 0.15 % 219,330 0.33 % New York 20,785,835 30.78 % 22,286,381 33.79 % Ohio 4,092,128 6.06 % 3,855,506 5.85 % Oregon 42,158 0.06 % 78,848 0.12 % Pennsylvania 1,522,210 2.26 % 1,348,166 2.04 % Texas 1,997,313 2.96 % 2,331,444 3.54 % Virginia 33,506 0.05 % 47,433 0.07 % Vermont 658,585 0.98 % 897,936 1.36 % Washington 264,381 0.39 % 272,402 0.41 % $ 67,500,783 100.00 % $ 65,929,215 100.00 % Major categories of net investment income for the years ended December 31, 2022 2021 Years Ended December 31, 2022 2021 Fixed maturity securities $ 7,061,501 $ 7,121,593 Equity securities 211,290 121,585 Other long-term investments 4,975,205 4,806,506 Mortgage loans 16,850,320 14,263,706 Policy loans 194,814 163,893 Short-term and other investments 243,315 107,221 Gross investment income 29,536,445 26,584,504 Investment expenses (3,315,273 ) (2,600,316 ) Net investment income $ 26,221,172 $ 23,984,188

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
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, 2022 2021 Level 1 Level 2 Level 3 Total December 31, 2022 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,054,565 $ - $ 2,054,565 States and political subdivisions - 4,560,321 - 4,560,321 Commercial mortgage-backed securities - 8,333,638 - 8,333,638 Residential mortgage-backed securities - 15,250 - 15,250 Corporate bonds - 78,112,137 - 78,112,137 Asset-backed securities - 7,999,429 - 7,999,429 Exchange traded securities - 467,200 - 467,200 Foreign bonds - 23,770,080 - 23,770,080 Redeemable preferred securities - 1,101,200 - 1,101,200 Certificate of deposit - 199,070 - 199,070 Total fixed maturity securities $ - $ 126,612,890 $ - $ 126,612,890 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 56,209,040 $ - $ 56,209,040 Equity securities Mutual funds $ - $ 47,910 $ - $ 47,910 Corporate common stock 297,727 - 53,996 351,723 Total equity securities $ 297,727 $ 47,910 $ 53,996 $ 399,633 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 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 68,747,533 $ - $ 68,747,533 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 As of December 31, 2022, 3 no This private placement common stock represents an investment in a small insurance holding company. The fair value for this security was determined through the use of unobservable assumptions about market participants. The Company has assumed a willing market participant would purchase the security for the same price as the Company paid until such time as this small insurance holding company commences 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, 2022 2021 December 31, 2022 2021 Beginning balance $ 63,423 $ 67,132 Joint venture net income 215,470 75,195 Joint venture distribution (216,897 ) (78,904 ) Net realized investment losses (8,000 ) - Ending balance $ 53,996 $ 63,423 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, 2022 2021, Carrying Fair Amount Value Level 1 Level 2 Level 3 December 31, 2022 Financial assets Mortgage loans on real estate Commercial $ 18,329,934 $ 17,393,284 $ - $ - $ 17,393,284 Residential 223,984,194 202,476,647 - - 202,476,647 Policy loans 2,840,887 2,840,887 - - 2,840,887 Short-term investments 1,860,578 1,860,578 1,860,578 - - Other long-term investments 67,500,783 74,155,822 - - 74,155,822 Cash and cash equivalents 33,542,725 33,542,725 33,542,725 - - Accrued investment income 5,580,175 5,580,175 - - 5,580,175 Total financial assets $ 353,639,276 $ 337,850,118 $ 35,403,303 $ - $ 302,446,815 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 31,076,883 $ 31,076,883 $ - $ - $ 31,076,883 Less unearned interest on mortgage loans 48,308 48,308 - - 48,308 Short-term investments 982,404 982,404 982,404 - - Cash and cash equivalents 3,813,750 3,813,750 3,813,750 - - Total financial assets held in trust under coinsurance agreement $ 35,824,729 $ 35,824,729 $ 4,796,154 $ - $ 31,028,575 Financial liabilities Policyholders' account balances $ 391,359,944 $ 359,044,740 $ - $ - $ 359,044,740 Policy claims 2,541,088 2,541,088 - - 2,541,088 Total financial liabilities $ 393,901,032 $ 361,585,828 $ - $ - $ 361,585,828 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 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 30,013,132 $ 30,013,132 $ - $ - $ 30,013,132 Residential 3,803,847 3,803,847 - - 3,803,847 Less unearned interest on mortgage loans 767,650 767,650 - - 767,650 Cash and cash equivalents 4,413,384 4,413,384 4,413,384 - - Total financial assets held in trust under coinsurance agreement $ 37,462,713 $ 37,462,713 $ 4,413,384 $ - $ 33,049,329 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 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 Secured Overnight Financing Rate and LIBOR yield curve as of December 31, 2022 2021, 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, 2022
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, 2022 2021, December 31, 2022 2021,

Note 5 - Allowance for Loan Los

Note 5 - Allowance for Loan Losses From Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Premiums Receivable Note [Text Block]	5. Allowance for Loan Losses from Mortgage Loans on Real Estate As of December 31, 2022, third December 31, 2022, December 31, 2022 December 31, 2022. As of December 31, 2021, third December 31, 2021, December 31, 2021 December 31, 2021. 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, 2022 2021 December 31, 2022 2021, one third Years Ended December 31, Residential Mortgage Loans Commercial Mortgage Loans Total 2022 2021 2022 2021 2022 2021 Allowance, beginning $ 675,162 $ 486,604 $ 31,357 $ 55,290 $ 706,519 $ 541,894 Charge offs - - - - - - Recoveries - - - - - - Provision 355,262 188,558 58,667 (23,933 ) 413,929 164,625 Allowance, ending $ 1,030,424 $ 675,162 $ 90,024 $ 31,357 $ 1,120,448 $ 706,519 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 1,030,424 $ 675,162 $ 90,024 $ 31,357 $ 1,120,448 $ 706,519 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 205,054,480 $ 132,457,234 $ 17,914,750 $ 8,140,003 $ 222,969,230 $ 140,597,237

Note 6 - Deferred Policy Acquis

Note 6 - Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2022
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, 2022 2021 2022 2021 Balance, beginning of year $ 49,717,323 $ 44,513,669 Capitalization of commissions, sales and issue expenses 13,734,859 12,102,070 Amortization (7,280,457 ) (6,932,504 ) Deferred acquisition costs allocated to investments 12,060 34,088 Balance, end of year $ 56,183,785 $ 49,717,323

Note 7 - Federal Income Taxes

Note 7 - Federal Income Taxes	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. FTFC filed 2021 2020 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, 2022 2021, Years Ended December 31, 2022 2021 Expected tax expense $ 1,673,837 $ 771,390 Unearned investment income 110,215 8,505 Capital gains (losses) taxes 100,366 (188,534 ) Net operating losses 78,242 122,654 Non taxable international losses 35,331 31,864 Reinsurance recoverable 20,273 (31,356 ) Policy loans - 32,494 Difference in book versus tax basis of available-for-sale securities (31,897 ) 142,199 Future policy benefits (45,901 ) (1,672 ) Discount accretion (premium amortization) (65,439 ) 60,066 Adjustment of prior years' taxes (77,434 ) (154,921 ) Other (11,644 ) 23,229 Total income tax expense $ 1,785,949 $ 815,918 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, 2022 2021 December 31, 2022 2021 Deferred tax liabilities: Net unrealized investment gains $ - $ 3,509,878 Deferred policy acquisition costs 10,001,063 8,794,233 Value of insurance business acquired 850,102 906,884 Other liabilities 512,499 204,772 Reinsurance recoverable 237,092 216,819 Due premiums 85,369 79,368 Investment real estate 23,425 23,425 Available-for-sale fixed maturity securities 16,520 42,030 Available-for-sale fixed equity securities 917 - Other 60 183 Total deferred tax liabilities 11,727,047 13,777,592 Deferred tax assets: Net unrealized investment losses $ 3,806,498 $ - Policyholders' account balances and future policy benefits 4,408,278 3,761,239 Mortgage loans 232,646 148,369 Agents' balances 217,718 178,006 Cash equivalents 206,305 - Net operating loss carryforward 157,094 683,720 Unearned investment income 12,293 19,154 Available-for-sale equity securities - 11,860 Dividend liability 8,804 8,941 Total deferred tax assets 9,049,636 4,811,289 Net deferred tax liabilities $ 2,677,411 $ 8,966,303 FTFC has net operating loss carryforwards of $748,067 expiring in 2029 2033. 2022, January 1, 2022 2022 2021, January 1, 2021 2021 2022, December 31, 2021. 2021 2020, The Company has no not not 2019 2022

Note 8 - Reinsurance

Note 8 - Reinsurance	12 Months Ended
	Dec. 31, 2022
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 2022 2021 2022 2021 Premiums assumed $ 6,338,775 $ 4,745,854 Commissions and expense allowances assumed 2,903,368 1,920,939 Benefits assumed 81,512 78,203 Reserve credits assumed 8,924,307 5,714,631 In force amount assumed 229,765,011 78,467,315 Premiums ceded 1,054,085 1,679,793 Commissions and expense allowances ceded 21,715 50,407 Benefits ceded 5,009,861 3,036,438 Reserve credits ceded 109,521,784 103,209,641 In force amount ceded 63,424,357 50,756,838 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 In 2022, With the acquisition of RCLIC in 2022, no

Note 9 - Leases

Note 9 - Leases	12 Months Ended
	Dec. 31, 2022
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, 2022 2021, 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 $11,000 and $13,750 for the years ended December 31, 2022 2021, 2023, 2024, 2025, 2026 2027,

Note 10 - Shareholders' Equity

Note 10 - Shareholders' Equity and Statutory Accounting Practices	12 Months Ended
	Dec. 31, 2022
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 $2,765,732 and ($563,056) for the years ended December 31, 2022 2021, December 31, 2022 2021, December 31, 2022 2021, December 31, 2022 2021, 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 no December 31, 2022. 2023 2022, 2022,

Note 11 - Segment Data

Note 11 - Segment Data	12 Months Ended
	Dec. 31, 2022
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, 2022 2021 Year Ended December 31, 2022 2021 Revenues: Life insurance operations $ 41,826,391 $ 36,680,116 Annuity operations 21,351,816 19,842,580 Corporate operations 2,380,892 593,545 Total $ 65,559,099 $ 57,116,241 Income before income taxes: Life insurance operations $ 3,139,886 $ 2,498,832 Annuity operations 3,028,852 1,110,528 Corporate operations 1,801,914 63,928 Total $ 7,970,652 $ 3,673,288 Amortization expense: Life insurance operations $ 6,417,370 $ 6,179,866 Annuity operations 1,133,481 1,070,701 Total $ 7,550,851 $ 7,250,567 December 31, 2022 2021 Assets: Life insurance operations $ 149,949,283 $ 133,378,698 Annuity operations 505,990,810 521,742,643 Corporate operations 9,923,944 4,637,593 Total $ 665,864,037 $ 659,758,934

Note 12 - Concentrations of Cre

Note 12 - Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	12. Concentrations of Credit Risk Credit risk is limited by diversifying the Company’s investments. The Company maintains cash and cash equivalents at multiple institutions. The Federal Deposit Insurance Corporation insures accounts up to $250,000. Uninsured balances aggregate $32,933,850 as of December 31, 2022. 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, 2022
Notes to Financial Statements
Contingencies Disclosure [Text Block]	13. Contingent Liabilities From time to time, we are a party to various legal proceedings in the ordinary course of business. While management is unable to predict the ultimate outcome of these actions, it believes that any ultimate liability arising from them will not not not three A lawsuit filed by the Company and its Chairman and Chief Executive Officer, Gregg E. Zahn (“Mr. Zahn”) styled First Trinity Financial Corporation and Gregg E. Zahn vs. C. Wayne Pettigrew and Group & Pension Planners was originally filed in 2013 In February 2017, February 2020, December, 2020. no no not The Company, through its life insurance subsidiary, TLIC, commenced two one June 29, 2020 March 4, 2022, No. 652780/2020” No. 651023/2022” no no not The third one November 7, 2018. The causes of action all are alleged to have arisen from the alleged conduct of the various individual defendants, three October 2022. 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, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	14. On June 28, 2021,

Note 15 - Other Comprehensive L

Note 15 - Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	15. Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss) The changes in the components of the Company’s accumulated other comprehensive income (loss) for the years ended December 31, 2022 2021 Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Year Ended December 31, 2022 Balance as of January 1, 2022 $ 13,209,319 $ (5,492 ) $ 13,203,827 Other comprehensive loss before reclassifications, net of tax (26,852,226 ) 9,528 (26,842,698 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 680,808 - 680,808 Other comprehensive loss (27,533,034 ) 9,528 (27,523,506 ) Balance as of December 31, 2022 $ (14,323,715 ) $ 4,036 $ (14,319,679 ) 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 (loss) having no credit losses, 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 The pretax components of the Company’s other comprehensive loss and the related income tax expense (benefit) for each component for the years ended December 31, 2022 2021 Income Tax Expense Pretax (Benefit) Net of Tax Year Ended December 31, 2022 Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (33,990,160 ) $ (7,137,934 ) $ (26,852,226 ) Reclassification adjustment for net gains included in operation 861,782 180,974 680,808 Net unrealized losses on investments (34,851,942 ) (7,318,908 ) (27,533,034 ) Adjustment to deferred acquisition costs 12,060 2,532 9,528 Total other comprehensive loss $ (34,839,882 ) $ (7,316,376 ) $ (27,523,506 ) 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 ) Realized gains and losses on the sales of investments are determined based upon the specific identification method and include provisions for other-than-temporary impairments where appropriate. The pretax and the related income tax components of the amounts reclassified from the Company’s accumulated other comprehensive income (loss) to the Company’s consolidated statements of operations for the years ended December 31, 2022 2021 Years Ended December 31, Reclassification Adjustments 2022 2021 Realized gains on sales of securities (a) $ 861,782 $ 613,775 Income tax expense (b) 180,974 128,893 Total reclassification adjustments $ 680,808 $ 484,882 (a) These items appear within net realized investment gains in the consolidated statements of operations. (b) These items appear within federal income taxes in the consolidated statements of operations.

Note 16 - Line of Credit

Note 16 - Line of Credit	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	16. On September 15, 2022, not one September 15, 2022, 360 $1.5

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
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.
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, On January 4, 2022, March 1, 2022,
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
Common Stock Policy [Policy Text Block]	Common Stock Class A and Class B common stock are both fully paid, non-assessable and has a par value of $.01 one one may one .85
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
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 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, 2022 2021, five 2023, 2024, 2025, 2026 2027.
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 5.00%. 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.
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. The Company generates fee income and recognizes revenue from providing contractual services to third December 31, 2022 2021. 2022 2021 third not third one third third 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 For the year ended December 31, 2022, December 31, 2021, 85% For the year ended December 31, 2022, December 31, 2021, December 31, 2022 2021
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Management has evaluated all events subsequent to December 31, 2022
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. Early adoption is permitted for reporting periods beginning after December 15, 2018. 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 2025 Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 first 2021. not Troubled Debt Restructurings and Vintage Disclosures In March 2022, 2022 2 December 15, 2022, not Transition for Sold Contracts In December 2022, 2022 5 2018 12 2018 12 no may not The amendments in this guidance are effective for fiscal years beginning after December 15, 2024. not 2025

Supplemental Disclosure - Cas_2

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Year Ended December 31, 2021 Reductions in mortgage loans due to foreclosure $ 458,587 Investment real estate held-for-sale acquired through foreclosure (458,587 ) Net cash used in investing activities $ -
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	December 31, 2022 Cash used in acquisition of Royalty Capital Life Insurance Company $ - Cash provided in acquisition of Royalty Capital Life Insurance Company 3,525,749 Increase in cash from acquisition of Royalty Capital Life Insurance Company 3,525,749 Fair value of assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash) Short-term investments 1,586,667 Recoverable from reinsurers 10,634,753 Accrued investment income 8 Due premiums 25,187 Other assets 6,000 Total fair value of assets acquired (excluding cash) 12,252,615 Fair value of liabilities assumed in acquisition of Royalty Capital Life Insurance Company Future policy benefits 8,102,093 Policyholders' account balance 3,019,610 Policy claims 51,392 Other liabilities 8,505 Total fair value of liabilities assumed 11,181,600 Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash) 1,071,015 Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (including cash) $ 4,596,764

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 Fixed maturity securities U.S. government and U.S. government agencies $ 2,097,558 $ - $ 42,993 $ 2,054,565 States and political subdivisions 4,966,770 2,268 408,717 4,560,321 Commercial mortgage-backed securities 10,608,213 - 2,274,575 8,333,638 Residential mortgage-backed securities 10,550 4,700 - 15,250 Corporate bonds 88,394,563 35,464 10,317,890 78,112,137 Asset-backed securities 9,538,593 - 1,539,164 7,999,429 Exchange traded securities 682,280 - 215,080 467,200 Foreign bonds 26,995,631 - 3,225,551 23,770,080 Redeemable preferred securities 1,250,000 - 148,800 1,101,200 Certificate of deposits 200,000 - 930 199,070 Total fixed maturity securities $ 144,744,158 $ 42,432 $ 18,173,700 $ 126,612,890 Fixed maturity securities held in trust under coinsurance agreement $ 63,649,991 $ 8,224 $ 7,449,175 $ 56,209,040 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 Fixed maturity securities held in trust under coinsurance agreement $ 65,269,544 $ 3,593,466 $ 115,477 $ 68,747,533
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of Fair Value Loss Securities December 31, 2022 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 1,760,073 $ 37,231 2 States and political subdivisions 3,325,252 301,788 20 Commercial mortgage-backed securities 5,863,255 1,387,792 17 Corporate bonds 69,451,263 8,733,104 216 Asset-backed securities 5,042,586 890,318 12 Certificate of deposits 199,070 930 1 Foreign bonds 21,766,704 2,785,419 61 Total less than 12 months in an unrealized loss position 107,408,203 14,136,582 329 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 294,492 5,762 2 States and political subdivisions 766,424 106,929 3 Commercial mortgage-backed securities 2,470,383 886,783 7 Corporate bonds 6,314,364 1,584,786 20 Asset-backed securities 2,956,843 648,846 9 Exchange traded securities 467,200 215,080 2 Redeemable preferred securities 351,200 148,800 2 Foreign bonds 2,003,376 440,132 6 Total more than 12 months in an unrealized loss position 15,624,282 4,037,118 51 Total fixed maturity securities in an unrealized loss position $ 123,032,485 $ 18,173,700 380 Fixed maturity securities held in trust under coinsurance agreement Total less than 12 months in an unrealized loss position $ 49,918,808 $ 5,679,624 231 Total more than 12 months in an unrealized loss position 5,524,318 1,769,551 21 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 55,443,126 $ 7,449,175 252 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 Fixed maturity securities held in trust under coinsurance agreement Total less than 12 months in an unrealized loss position $ 8,000,895 $ 115,477 21 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 8,000,895 $ 115,477 21
Unrealized Gain (Loss) on Investments [Table Text Block]	December 31, 2022 December 31, 2021 Unrealized appreciation (depreciation) on available-for-sale securities $ (18,131,268 ) $ 16,720,674 Adjustment to deferred acquisition costs 5,091 (6,969 ) Deferred income taxes 3,806,498 (3,509,878 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (14,319,679 ) $ 13,203,827 Assets held in trust under coinsurance agreement Unrealized appreciation (depreciation) on fixed maturity securities available-for-sale $ (7,440,951 ) $ 3,477,989
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2022 Amortized Cost Fair Value Due in one year or less $ 13,340,048 $ 13,506,367 Due in one year through five years 36,158,892 38,673,589 Due after five years through ten years 12,541,801 14,505,473 Due after ten years 5,460,042 7,470,393 $ 67,500,783 $ 74,155,822
Realized Gain (Loss) on Investments [Table Text Block]	Years Ended December 31, Fixed Maturity Securities Equity Securities Investment Real Estate 2022 2021 2022 2021 2022 2021 Proceeds $ 58,393,624 $ 14,374,511 $ - $ 89 $ 200,080 $ 818,018 Gross realized gains 1,230,951 780,266 - 89 55,867 289,840 Gross realized losses (369,169 ) (166,491 ) (8,000 ) - (3,696 ) - Loss on other-than- temporary impairment - - - - - - Years Ended December 31, Mortgage Loans on Real Estate Other Long-Term Investments 2022 2021 2022 2021 Proceeds $ - $ 28,966,890 $ 16,308,664 $ 12,812,964 Gross realized gains - 39,727 - - Gross realized losses - (4,417 ) (422,578 ) (83,339 ) Loss on other-than- temporary impairment - - - -
Investment Income [Table Text Block]	Years Ended December 31, 2022 2021 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (34,851,942 ) $ (5,496,152 ) Fixed maturity securities held in trust under coinsurance agreement (10,918,940 ) (3,568,403 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 861,782 613,775 Equity securities, sale of securities (8,000 ) 89 Equity securities, changes in fair value 60,842 42,876 Investment real estate 52,171 289,840 Mortgage loans on real estate - 35,310 Other long-term investments (422,578 ) (83,339 ) Years Ended December 31, 2022 2021 Fixed maturity securities $ 7,061,501 $ 7,121,593 Equity securities 211,290 121,585 Other long-term investments 4,975,205 4,806,506 Mortgage loans 16,850,320 14,263,706 Policy loans 194,814 163,893 Short-term and other investments 243,315 107,221 Gross investment income 29,536,445 26,584,504 Investment expenses (3,315,273 ) (2,600,316 ) Net investment income $ 26,221,172 $ 23,984,188
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2022 December 31, 2021 Residential mortgage loans $ 223,984,194 $ 169,368,048 Commercial mortgage loans by property type Agricultural 994,691 - Apartment 3,625,533 175,121 Industrial 1,999,438 1,170,544 Lodging 268,741 280,836 Office building 5,681,946 2,285,403 Retail 5,759,585 4,228,099 Total commercial mortgage loans by property type 18,329,934 8,140,003 Total mortgage loans $ 242,314,128 $ 177,508,051 Mortgage loans held in trust under coinsurance agreement Residential mortgage loans $ - $ 3,803,847 Commercial mortgage loans 31,076,883 30,013,132 Less unearned interest on mortgage loans 48,308 767,650 Total mortgage loans held in trust under coinsurance agreement $ 31,028,575 $ 33,049,329 December 31, 2022 December 31, 2021 Amount Percentage Amount Percentage Alabama $ 1,631,291 0.67 % $ 788,026 0.44 % Arizona 1,095,402 0.45 % 726,676 0.41 % Arkansas 736,037 0.30 % 723,456 0.41 % California 13,811,582 5.70 % 8,890,865 5.01 % Colorado 1,536,180 0.63 % 55,838 0.03 % Connecticut 2,882,731 1.19 % 3,735,358 2.10 % Delaware 155,840 0.06 % 61,318 0.03 % District of Columbia 53,653 0.02 % - 0.00 % Florida 94,748,560 39.11 % 48,603,579 27.38 % Georgia 7,314,430 3.02 % 7,852,783 4.42 % Illinois 2,634,689 1.09 % 3,606,147 2.03 % Indiana 335,817 0.14 % 1,884,980 1.06 % Kansas 251,815 0.10 % 389,644 0.22 % Kentucky - 0.00 % 76,259 0.04 % Louisiana 189,335 0.08 % 149,861 0.08 % Maine 200,056 0.08 % 124,733 0.07 % Maryland 1,285,510 0.53 % 508,856 0.29 % Massachusetts 2,580,335 1.06 % 1,141,814 0.64 % Michigan 363,570 0.15 % 429,905 0.24 % Minnesota 922,025 0.38 % 866,964 0.49 % Mississippi - 0.00 % 37,128 0.02 % Missouri 3,505,416 1.45 % 5,894,094 3.32 % Montana - 0.00 % 700,000 0.39 % Nevada 469,713 0.19 % - 0.00 % New Jersey 15,465,715 6.38 % 9,558,374 5.38 % New Mexico 79,815 0.03 % 80,415 0.05 % New York 24,960,742 10.30 % 9,948,828 5.60 % North Carolina 5,975,930 2.47 % 1,733,732 0.98 % Ohio 8,230,523 3.40 % 6,809,487 3.84 % Oklahoma 739,753 0.31 % 645,008 0.36 % Oregon 459,193 0.19 % 105,446 0.06 % Pennsylvania 1,477,938 0.61 % 794,333 0.45 % Rhode Island 235,713 0.10 % - 0.00 % South Carolina 682,167 0.28 % 1,004,438 0.57 % Tennessee 1,865,345 0.77 % 2,737,512 1.54 % Texas 43,134,683 17.80 % 55,003,626 31.02 % Utah 134,668 0.06 % - 0.00 % Vermont 208,045 0.09 % 220,093 0.12 % Virginia 2,013,668 0.83 % 1,081,200 0.61 % Washington 517,963 0.21 % 811,405 0.46 % Wisconsin 502,127 0.21 % 432,389 0.24 % West Virginia 46,601 0.02 % - 0.00 % Mortgage loan allowance (1,120,448 ) -0.46 % (706,519 ) -0.40 % $ 242,314,128 100 % $ 177,508,051 100 %
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans Loan-To-Value Ratio 2022 2021 2022 2021 2022 2021 Over 70% to 80% $ 72,013,555 $ 52,292,906 $ 3,287,048 $ 1,069,973 $ 75,300,603 $ 53,362,879 Over 60% to 70% 67,780,388 50,445,981 3,033,504 1,359,831 70,813,892 51,805,812 Over 50% to 60% 36,929,025 26,492,616 1,839,272 1,496,664 38,768,297 27,989,280 Over 40% to 50% 20,100,407 19,235,027 1,272,088 312,648 21,372,495 19,547,675 Over 30% to 40% 13,143,773 7,843,501 5,123,894 1,471,023 18,267,667 9,314,524 Over 20% to 30% 8,898,731 9,482,943 733,238 1,916,446 9,631,969 11,399,389 Over 10% to 20% 3,976,357 2,737,111 3,040,890 513,418 7,017,247 3,250,529 10% or less 1,141,958 837,963 - - 1,141,958 837,963 Total $ 223,984,194 $ 169,368,048 $ 18,329,934 $ 8,140,003 $ 242,314,128 $ 177,508,051
Schedule of Real Estate Properties [Table Text Block]	December 31, 2022 2021 Land - held for investment $ 540,436 $ 540,436 Residential real estate - held for sale - 147,909 Total investment in real estate $ 540,436 $ 688,345
Investment Holdings, Other than Securities [Table Text Block]	December 31, 2022 December 31, 2021 Amount Percentage Amount Percentage Arizona $ 343,698 0.51 % $ 383,181 0.58 % California 7,891,340 11.69 % 6,757,460 10.25 % Connecticut 2,334,369 3.46 % 2,515,625 3.82 % Florida 851,727 1.26 % - 0.00 % Georgia 5,249,187 7.78 % 3,710,308 5.63 % Illinois 1,422,002 2.11 % 669,246 1.02 % Indiana 4,852,536 7.19 % 5,411,453 8.21 % Maine 40,686 0.06 % 78,497 0.12 % Massachusetts 14,736,084 21.83 % 14,753,225 22.38 % Michigan 210,900 0.31 % 229,980 0.35 % Missouri 73,107 0.11 % 82,794 0.13 % New Jersey 99,031 0.15 % 219,330 0.33 % New York 20,785,835 30.78 % 22,286,381 33.79 % Ohio 4,092,128 6.06 % 3,855,506 5.85 % Oregon 42,158 0.06 % 78,848 0.12 % Pennsylvania 1,522,210 2.26 % 1,348,166 2.04 % Texas 1,997,313 2.96 % 2,331,444 3.54 % Virginia 33,506 0.05 % 47,433 0.07 % Vermont 658,585 0.98 % 897,936 1.36 % Washington 264,381 0.39 % 272,402 0.41 % $ 67,500,783 100.00 % $ 65,929,215 100.00 %
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2022 Fixed Maturities Available-For-Sale Securities Amortized Cost Fair Value Due in one year or less $ 2,391,907 $ 2,340,145 Due in one year through five years 22,780,210 21,533,642 Due after five years through ten years 22,971,010 21,181,275 Due after ten years 84,732,268 72,107,740 Due at multiple maturity dates 11,868,763 9,450,088 $ 144,744,158 $ 126,612,890 December 31, 2022 Fixed Maturity Available-For-Sale Securities Amortized Cost Fair Value Due in one year or less $ 159,534 $ 157,936 Due after one year through five years 31,376,771 29,918,801 Due after five years through ten years 8,169,267 7,655,109 Due after ten years 20,806,261 15,820,949 Due at multiple maturity dates 3,138,158 2,656,245 $ 63,649,991 $ 56,209,040

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total December 31, 2022 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,054,565 $ - $ 2,054,565 States and political subdivisions - 4,560,321 - 4,560,321 Commercial mortgage-backed securities - 8,333,638 - 8,333,638 Residential mortgage-backed securities - 15,250 - 15,250 Corporate bonds - 78,112,137 - 78,112,137 Asset-backed securities - 7,999,429 - 7,999,429 Exchange traded securities - 467,200 - 467,200 Foreign bonds - 23,770,080 - 23,770,080 Redeemable preferred securities - 1,101,200 - 1,101,200 Certificate of deposit - 199,070 - 199,070 Total fixed maturity securities $ - $ 126,612,890 $ - $ 126,612,890 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 56,209,040 $ - $ 56,209,040 Equity securities Mutual funds $ - $ 47,910 $ - $ 47,910 Corporate common stock 297,727 - 53,996 351,723 Total equity securities $ 297,727 $ 47,910 $ 53,996 $ 399,633 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 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 68,747,533 $ - $ 68,747,533 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
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	December 31, 2022 2021 Beginning balance $ 63,423 $ 67,132 Joint venture net income 215,470 75,195 Joint venture distribution (216,897 ) (78,904 ) Net realized investment losses (8,000 ) - Ending balance $ 53,996 $ 63,423
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 December 31, 2022 Financial assets Mortgage loans on real estate Commercial $ 18,329,934 $ 17,393,284 $ - $ - $ 17,393,284 Residential 223,984,194 202,476,647 - - 202,476,647 Policy loans 2,840,887 2,840,887 - - 2,840,887 Short-term investments 1,860,578 1,860,578 1,860,578 - - Other long-term investments 67,500,783 74,155,822 - - 74,155,822 Cash and cash equivalents 33,542,725 33,542,725 33,542,725 - - Accrued investment income 5,580,175 5,580,175 - - 5,580,175 Total financial assets $ 353,639,276 $ 337,850,118 $ 35,403,303 $ - $ 302,446,815 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 31,076,883 $ 31,076,883 $ - $ - $ 31,076,883 Less unearned interest on mortgage loans 48,308 48,308 - - 48,308 Short-term investments 982,404 982,404 982,404 - - Cash and cash equivalents 3,813,750 3,813,750 3,813,750 - - Total financial assets held in trust under coinsurance agreement $ 35,824,729 $ 35,824,729 $ 4,796,154 $ - $ 31,028,575 Financial liabilities Policyholders' account balances $ 391,359,944 $ 359,044,740 $ - $ - $ 359,044,740 Policy claims 2,541,088 2,541,088 - - 2,541,088 Total financial liabilities $ 393,901,032 $ 361,585,828 $ - $ - $ 361,585,828 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 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 30,013,132 $ 30,013,132 $ - $ - $ 30,013,132 Residential 3,803,847 3,803,847 - - 3,803,847 Less unearned interest on mortgage loans 767,650 767,650 - - 767,650 Cash and cash equivalents 4,413,384 4,413,384 4,413,384 - - Total financial assets held in trust under coinsurance agreement $ 37,462,713 $ 37,462,713 $ 4,413,384 $ - $ 33,049,329 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

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, 2022
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Years Ended December 31, Residential Mortgage Loans Commercial Mortgage Loans Total 2022 2021 2022 2021 2022 2021 Allowance, beginning $ 675,162 $ 486,604 $ 31,357 $ 55,290 $ 706,519 $ 541,894 Charge offs - - - - - - Recoveries - - - - - - Provision 355,262 188,558 58,667 (23,933 ) 413,929 164,625 Allowance, ending $ 1,030,424 $ 675,162 $ 90,024 $ 31,357 $ 1,120,448 $ 706,519 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 1,030,424 $ 675,162 $ 90,024 $ 31,357 $ 1,120,448 $ 706,519 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 205,054,480 $ 132,457,234 $ 17,914,750 $ 8,140,003 $ 222,969,230 $ 140,597,237

Note 6 - Deferred Policy Acqu_2

Note 6 - Deferred Policy Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	2022 2021 Balance, beginning of year $ 49,717,323 $ 44,513,669 Capitalization of commissions, sales and issue expenses 13,734,859 12,102,070 Amortization (7,280,457 ) (6,932,504 ) Deferred acquisition costs allocated to investments 12,060 34,088 Balance, end of year $ 56,183,785 $ 49,717,323

Note 7 - Federal Income Taxes (

Note 7 - Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended December 31, 2022 2021 Expected tax expense $ 1,673,837 $ 771,390 Unearned investment income 110,215 8,505 Capital gains (losses) taxes 100,366 (188,534 ) Net operating losses 78,242 122,654 Non taxable international losses 35,331 31,864 Reinsurance recoverable 20,273 (31,356 ) Policy loans - 32,494 Difference in book versus tax basis of available-for-sale securities (31,897 ) 142,199 Future policy benefits (45,901 ) (1,672 ) Discount accretion (premium amortization) (65,439 ) 60,066 Adjustment of prior years' taxes (77,434 ) (154,921 ) Other (11,644 ) 23,229 Total income tax expense $ 1,785,949 $ 815,918
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2022 2021 Deferred tax liabilities: Net unrealized investment gains $ - $ 3,509,878 Deferred policy acquisition costs 10,001,063 8,794,233 Value of insurance business acquired 850,102 906,884 Other liabilities 512,499 204,772 Reinsurance recoverable 237,092 216,819 Due premiums 85,369 79,368 Investment real estate 23,425 23,425 Available-for-sale fixed maturity securities 16,520 42,030 Available-for-sale fixed equity securities 917 - Other 60 183 Total deferred tax liabilities 11,727,047 13,777,592 Deferred tax assets: Net unrealized investment losses $ 3,806,498 $ - Policyholders' account balances and future policy benefits 4,408,278 3,761,239 Mortgage loans 232,646 148,369 Agents' balances 217,718 178,006 Cash equivalents 206,305 - Net operating loss carryforward 157,094 683,720 Unearned investment income 12,293 19,154 Available-for-sale equity securities - 11,860 Dividend liability 8,804 8,941 Total deferred tax assets 9,049,636 4,811,289 Net deferred tax liabilities $ 2,677,411 $ 8,966,303

Note 8 - Reinsurance (Tables)

Note 8 - Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	2022 2021 Premiums assumed $ 6,338,775 $ 4,745,854 Commissions and expense allowances assumed 2,903,368 1,920,939 Benefits assumed 81,512 78,203 Reserve credits assumed 8,924,307 5,714,631 In force amount assumed 229,765,011 78,467,315 Premiums ceded 1,054,085 1,679,793 Commissions and expense allowances ceded 21,715 50,407 Benefits ceded 5,009,861 3,036,438 Reserve credits ceded 109,521,784 103,209,641 In force amount ceded 63,424,357 50,756,838

Note 11 - Segment Data (Tables)

Note 11 - Segment Data (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended December 31, 2022 2021 Revenues: Life insurance operations $ 41,826,391 $ 36,680,116 Annuity operations 21,351,816 19,842,580 Corporate operations 2,380,892 593,545 Total $ 65,559,099 $ 57,116,241 Income before income taxes: Life insurance operations $ 3,139,886 $ 2,498,832 Annuity operations 3,028,852 1,110,528 Corporate operations 1,801,914 63,928 Total $ 7,970,652 $ 3,673,288 Amortization expense: Life insurance operations $ 6,417,370 $ 6,179,866 Annuity operations 1,133,481 1,070,701 Total $ 7,550,851 $ 7,250,567
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2022 2021 Assets: Life insurance operations $ 149,949,283 $ 133,378,698 Annuity operations 505,990,810 521,742,643 Corporate operations 9,923,944 4,637,593 Total $ 665,864,037 $ 659,758,934

Note 15 - Other Comprehensive_2

Note 15 - Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Year Ended December 31, 2022 Balance as of January 1, 2022 $ 13,209,319 $ (5,492 ) $ 13,203,827 Other comprehensive loss before reclassifications, net of tax (26,852,226 ) 9,528 (26,842,698 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 680,808 - 680,808 Other comprehensive loss (27,533,034 ) 9,528 (27,523,506 ) Balance as of December 31, 2022 $ (14,323,715 ) $ 4,036 $ (14,319,679 ) 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 (loss) having no credit losses, 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
Comprehensive Income (Loss) [Table Text Block]	Income Tax Expense Pretax (Benefit) Net of Tax Year Ended December 31, 2022 Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (33,990,160 ) $ (7,137,934 ) $ (26,852,226 ) Reclassification adjustment for net gains included in operation 861,782 180,974 680,808 Net unrealized losses on investments (34,851,942 ) (7,318,908 ) (27,533,034 ) Adjustment to deferred acquisition costs 12,060 2,532 9,528 Total other comprehensive loss $ (34,839,882 ) $ (7,316,376 ) $ (27,523,506 ) 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 )
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Years Ended December 31, Reclassification Adjustments 2022 2021 Realized gains on sales of securities (a) $ 861,782 $ 613,775 Income tax expense (b) 180,974 128,893 Total reclassification adjustments $ 680,808 $ 484,882

Supplemental Disclosure - Cas_3

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jan. 04, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 458,587
Royalty Capital Life Insurance Company (RCLIC) [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total			$ 15,778,364
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total	$ 11,181,600		$ 11,181,600
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 0	$ 458,587

Supplemental Disclosure - Cas_4

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities - Supplement Disclosures (Details)	12 Months Ended
	Dec. 31, 2021 USD ($)
Reductions in mortgage loans due to foreclosure	$ 458,587
Investment real estate held-for-sale acquired through foreclosure	(458,587)
Net cash used in investing activities	$ 0

Supplemental Disclosure - Cas_5

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities - Acquisition (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jan. 04, 2022
Cash provided in acquisition of Royalty Capital Life Insurance Company	$ 3,525,749	$ 0
Royalty Capital Life Insurance Company (RCLIC) [Member]
Cash used in acquisition of Royalty Capital Life Insurance Company	0
Cash provided in acquisition of Royalty Capital Life Insurance Company	3,525,749
Increase in cash from acquisition of Royalty Capital Life Insurance Company	3,525,749
Short-term investments	1,586,667
Recoverable from reinsurers	10,634,753
Accrued investment income	8
Due premiums	25,187
Other assets	6,000
Total fair value of assets acquired (excluding cash)	12,252,615
Future policy benefits	8,102,093
Policyholders' account balance	3,019,610
Policy claims	51,392
Other liabilities	8,505
Total fair value of liabilities assumed	11,181,600		$ 11,181,600
Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash)	1,071,015
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	$ 4,596,764

Note 1 - Organization and Sig_2

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

12 Months Ended

24 Months Ended

93 Months Ended

110 Months Ended

Jan. 04, 2022 shares

Jan. 01, 2020 USD ($) shares

Apr. 03, 2018 USD ($)

Apr. 28, 2015 USD ($)

Dec. 28, 2011 USD ($)

Dec. 31, 2008 USD ($)

Dec. 23, 2008 USD ($)

Dec. 31, 2022 USD ($) $ / shares shares

Dec. 31, 2021 USD ($) $ / shares shares

Dec. 31, 2020 USD ($) $ / shares shares

Dec. 31, 2004 USD ($)

Dec. 31, 2012 USD ($) shares

Mar. 08, 2013 USD ($)

Mar. 08, 2013 USD ($) shares

Oct. 02, 2019

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

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

Percentage of Dividends Received Upon Merger or Liquidation Activity

100%

Finite-Lived Intangible Assets, Accumulated Amortization

$ 4,691,773

$ 4,421,379

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

257,470

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

215,134

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

202,009

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

176,859

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

$ 170,026

Common Stock Shares Allocated To Stockholders (in shares) | shares

9,470,277

8,747,633

Net Income (Loss) Attributable to Parent, Total

$ 6,184,703

$ 2,857,370

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

5%

Policyholder Dividends, Rate on Policy Earnings

4%

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

Conversion of Common Stock Class B into Common Stock Class A [Member]

Conversion of Stock, Number of Stock Convertible by Each Share (in shares) | shares

0.85

K-TENN Insurance Company ("K-TENN") [Member]

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

168,866

Business Combination, Consideration Transferred, Total

$ 1,746,240

Business Acquisition, Percentage of Voting Interests Acquired

100%

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

$ 1,746,240

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

Business Combination, Consideration Transferred, Total

$ 250,000

Business Acquisition, Percentage of Voting Interests Acquired

100%

Royalty Capital Life Insurance Company (RCLIC) [Member]

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

$ 4,596,764

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%

Percent of Dividends

100%

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

$ 0.01

$ 0.01

Right To Receive Dividend Percentage

85%

Common Stock Shares Allocated To Stockholders (in shares) | shares

9,384,340

8,661,696

Net Income (Loss) Available to Common Stockholders, Basic, Total

$ 6,128,581

$ 2,829,299

Weighted Average Number of Shares Outstanding, Basic, Total (in shares) | shares

9,384,340

8,661,696

Common Class A [Member] | Royalty Capital Life Insurance Company (RCLIC) [Member]

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

722,644

Common Class B [Member]

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

$ 0.01

$ 0.01

Right To Receive Dividend Percentage

85%

85%

Common Stock Shares Allocated To Stockholders (in shares) | shares

85,937

85,937

Net Income (Loss) Available to Common Stockholders, Basic, Total

$ 56,122

$ 28,071

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

Net Income (Loss) Attributable to Parent, Total

$ 6,184,703

$ 2,857,370

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%

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 Combination, Consideration Transferred, Total

$ 13,855,129

Business Acquisition, Percentage of Voting Interests Acquired

100%

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

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%

Trinity Life Insurance Company [Member]

Wholly Owned Subsidiary Ownership Percentage

100%

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

Wholly Owned Subsidiary Ownership Percentage

100%

First Trinity Capital Corporation [Member]

Wholly Owned Subsidiary Ownership Percentage

100%

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)	12 Months Ended
	Dec. 31, 2022 USD ($) a	Dec. 31, 2021 USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 458,587
Number Of Loans Past Due	17	10
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 4,134,266	$ 1,717,496
Past Due Loans, Term Past Due (Year)	90 years	90 days
Number of Mortgage Loans in Default	6	1
Mortgage Loans in Process of Foreclosure, Amount	$ 2,155,566	$ 484,400
Allowance for Loan and Lease Losses, Real Estate	1,120,448	706,519
Real Estate Investments, Net, Total	540,436	688,345
Proceeds from Sale of Real Estate Held-for-investment, Total	200,080	818,018
Lottery Prize Cash Flows [Member]
Other Investments, Total	67,500,783	65,929,215
Topeka Kansas [Member] | TLIC [Member] | Underdeveloped Land [Member]
Land	$ 409,436
Jefferson City Missouri [Member] | FBLIC [Member] | Assets Held-for-sale not Part of a Disposal Group [Member]
Area of Land (Acre) | a	0.5
Jefferson City Missouri [Member] | FBLIC [Member] | Underdeveloped Land [Member]
Land	$ 131,000
Independent Mortgage Loan Balances [Member]
Escrow Deposit	753,648	795,730
Commercial Portfolio Segment [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Ending Balance	$ 18,329,934	$ 8,140,003
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans	42	26
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	$ 14,515
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	5.97%	5.97%
Maximum [Member] | Commercial Portfolio Segment [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 1,498,063	$ 1,075,350
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	10.51%	10.51%
Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	380	61
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss, Total	$ 18,173,700	$ 275,984
Debt Securities, Available-for-Sale, Unrealized Loss Position, Total	123,032,485	22,808,976
Amortized Cost of Debt Securities Available for Sale in an Unrealized Loss Position	$ 141,206,185	$ 23,084,960
Fair Value to Cost Ratio	87%	99%
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 0	$ 458,587
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	1,538	1,086
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Ending Balance	223,984,194	169,368,048
Real Estate Investments, Net, Total	147,909	528,178
Gains (Losses) on Sales of Investment Real Estate	52,171	289,840
Proceeds from Sale of Real Estate Held-for-investment, Total	200,080	818,018
Residential Mortgage [Member] | Minimum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 634	$ 930
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	$ 2,125,911	$ 2,135,625
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	16.91%	25.64%

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
US Treasury and Government [Member]
Available-for-sale securities at cost	$ 2,097,558	$ 428,153
Securities, gross unrealized gains	0	812
Securities, gross unrealized losses	42,993	1,952
Available-for-sale securities	2,054,565	427,013
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities at cost	4,966,770	8,463,941
Securities, gross unrealized gains	2,268	689,564
Securities, gross unrealized losses	408,717	24,553
Available-for-sale securities	4,560,321	9,128,952
Commercial Mortgage-Backed Securities [Member]
Available-for-sale securities at cost	10,608,213	3,458,408
Securities, gross unrealized gains	0	252
Securities, gross unrealized losses	2,274,575	34,265
Available-for-sale securities	8,333,638	3,424,395
Residential Mortgage-Backed Securities [Member]
Available-for-sale securities at cost	10,550	11,081
Securities, gross unrealized gains	4,700	13,195
Securities, gross unrealized losses	0	0
Available-for-sale securities	15,250	24,276
Corporate Debt Securities [Member]
Available-for-sale securities at cost	88,394,563	116,230,579
Securities, gross unrealized gains	35,464	12,731,684
Securities, gross unrealized losses	10,317,890	100,882
Available-for-sale securities	78,112,137	128,861,381
Asset-Backed Securities [Member]
Available-for-sale securities at cost	9,538,593	5,278,819
Securities, gross unrealized gains	0	57,290
Securities, gross unrealized losses	1,539,164	17,806
Available-for-sale securities	7,999,429	5,318,303
Exchange-traded Debt Securities [Member]
Available-for-sale securities at cost	682,280	549,334
Securities, gross unrealized gains	0	0
Securities, gross unrealized losses	215,080	32,734
Available-for-sale securities	467,200	516,600
Debt Security, Government, Non-US [Member]
Available-for-sale securities at cost	26,995,631	31,286,049
Securities, gross unrealized gains	0	3,493,469
Securities, gross unrealized losses	3,225,551	46,192
Available-for-sale securities	23,770,080	34,733,326
Redeemable Preferred Stock [Member]
Available-for-sale securities at cost	1,250,000	1,250,000
Securities, gross unrealized gains	0	0
Securities, gross unrealized losses	148,800	17,600
Available-for-sale securities	1,101,200	1,232,400
Certificates of Deposit [Member]
Available-for-sale securities at cost	200,000	400,000
Securities, gross unrealized gains	0	10,392
Securities, gross unrealized losses	930	0
Available-for-sale securities	199,070	410,392
Debt Securities [Member]
Available-for-sale securities at cost	144,744,158	167,356,364
Securities, gross unrealized gains	42,432	16,996,658
Securities, gross unrealized losses	18,173,700	275,984
Available-for-sale securities	126,612,890	184,077,038
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities at cost	63,649,991	65,269,544
Securities, gross unrealized gains	8,224	3,593,466
Securities, gross unrealized losses	7,449,175	115,477
Available-for-sale securities	$ 56,209,040	$ 68,747,533

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
US Government Agencies Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 1,760,073	$ 301,195
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 37,231	$ 1,952
Securities in an unrealized loss position, less than twelve months, number	2	2
Securities in an unrealized loss position, more than twelve months, fair value	$ 294,492
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 5,762
Securities in an unrealized loss position, more than twelve months, number	2
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 3,325,252	$ 337,421
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 301,788	$ 1,724
Securities in an unrealized loss position, less than twelve months, number	20	2
Securities in an unrealized loss position, more than twelve months, fair value	$ 766,424	$ 626,754
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 106,929	$ 22,829
Securities in an unrealized loss position, more than twelve months, number	3	1
Commercial Mortgage-Backed Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 5,863,255	$ 3,323,141
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,387,792	$ 34,265
Securities in an unrealized loss position, less than twelve months, number	17	7
Securities in an unrealized loss position, more than twelve months, fair value	$ 2,470,383
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 886,783
Securities in an unrealized loss position, more than twelve months, number	7
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 69,451,263	$ 10,991,840
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 8,733,104	$ 100,882
Securities in an unrealized loss position, less than twelve months, number	216	30
Securities in an unrealized loss position, more than twelve months, fair value	$ 6,314,364
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 1,584,786
Securities in an unrealized loss position, more than twelve months, number	20
Asset-Backed Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 5,042,586	$ 3,475,854
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 890,318	$ 9,544
Securities in an unrealized loss position, less than twelve months, number	12	8
Securities in an unrealized loss position, more than twelve months, fair value	$ 2,956,843	$ 345,299
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 648,846	$ 8,262
Securities in an unrealized loss position, more than twelve months, number	9	1
Certificate of Deposit [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 199,070
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 930
Securities in an unrealized loss position, less than twelve months, number	1
Exchange-traded Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 467,200	$ 516,600
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 215,080	$ 32,734
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	$ 21,766,704	$ 2,408,472
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 2,785,419	$ 46,192
Securities in an unrealized loss position, less than twelve months, number	61	6
Securities in an unrealized loss position, more than twelve months, fair value	$ 2,003,376
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 440,132
Securities in an unrealized loss position, more than twelve months, number	6
Redeemable Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 351,200	$ 482,400
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 148,800	$ 17,600
Securities in an unrealized loss position, less than twelve months, number	2	2
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 107,408,203	$ 21,836,923
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 14,136,582	$ 244,893
Securities in an unrealized loss position, less than twelve months, number	329	59
Securities in an unrealized loss position, more than twelve months, fair value	$ 15,624,282	$ 972,053
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 4,037,118	$ 31,091
Securities in an unrealized loss position, more than twelve months, number	51	2
Securities in an unrealized loss position, fair value	$ 123,032,485	$ 22,808,976
Securities in an unrealized loss position, unrealized loss	$ 18,173,700	$ 275,984
Securities in an unrealized loss position, number	380	61
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 49,918,808	$ 8,000,895
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 5,679,624	$ 115,477
Securities in an unrealized loss position, less than twelve months, number	231	21
Securities in an unrealized loss position, more than twelve months, fair value	$ 5,524,318
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 1,769,551
Securities in an unrealized loss position, more than twelve months, number	21
Securities in an unrealized loss position, fair value	$ 55,443,126	$ 8,000,895
Securities in an unrealized loss position, unrealized loss	$ 7,449,175	$ 115,477
Securities in an unrealized loss position, number	252	21

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Unrealized appreciation (depreciation) on available-for-sale securities	$ (18,131,268)	$ 16,720,674
Adjustment to deferred acquisition costs	5,091	(6,969)
Deferred income taxes	3,806,498	(3,509,878)
Net unrealized appreciation (depreciation) on available-for-sale securities	(14,319,679)	13,203,827
Trinity Life Insurance Company [Member]
Unrealized appreciation (depreciation) on available-for-sale securities	$ (7,440,951)	$ 3,477,989

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details) - Fixed Maturities [Member]	Dec. 31, 2022 USD ($)
Due in one year or less - amortized cost	$ 2,391,907
Due in one year or less - fair value	2,340,145
Due in one year through five years - amortized cost	22,780,210
Due after one year through five years- fair value	21,533,642
Due after five years through ten years - amortized cost	22,971,010
Due after five years through ten years - fair value	21,181,275
Due after ten years - amortized cost	84,732,268
Due after ten years - fair value	72,107,740
Due at multiple maturity dates - amortized cost	11,868,763
Due at multiple maturity dates - fair value	9,450,088
Fixed maturity available-for-sale securities - amortized cost	144,744,158
Available-for-sale securities	126,612,890
Trinity Life Insurance Company [Member]
Due in one year or less - amortized cost	159,534
Due in one year or less - fair value	157,936
Due in one year through five years - amortized cost	31,376,771
Due after one year through five years- fair value	29,918,801
Due after five years through ten years - amortized cost	8,169,267
Due after five years through ten years - fair value	7,655,109
Due after ten years - amortized cost	20,806,261
Due after ten years - fair value	15,820,949
Due at multiple maturity dates - amortized cost	3,138,158
Due at multiple maturity dates - fair value	2,656,245
Fixed maturity available-for-sale securities - amortized cost	63,649,991
Available-for-sale securities	$ 56,209,040

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Mortgages [Member]
Proceeds from sale, maturity, or collection of investments	$ 0	$ 28,966,890
Gross realized gains on sale of investments	0	39,727
Gross realized losses on sale of investments	0	(4,417)
Loss on other-than- temporary impairment	0	0
Preferred Stock [Member]
Proceeds from sale, maturity, or collection of investments	16,308,664	12,812,964
Gross realized gains on sale of investments	0	0
Gross realized losses on sale of investments	(422,578)	(83,339)
Loss on other-than- temporary impairment	0	0
Fixed Maturities [Member]
Proceeds from sale, maturity, or collection of investments	58,393,624	14,374,511
Gross realized gains on sale of investments	1,230,951	780,266
Gross realized losses on sale of investments	(369,169)	(166,491)
Loss on other-than- temporary impairment	0	0
Equity Securities [Member]
Proceeds from sale, maturity, or collection of investments	0	89
Gross realized gains on sale of investments	0	89
Gross realized losses on sale of investments	(8,000)	0
Loss on other-than- temporary impairment	0	0
Real Estate Investment [Member]
Proceeds from sale, maturity, or collection of investments	200,080	818,018
Gross realized gains on sale of investments	55,867	289,840
Gross realized losses on sale of investments	(3,696)	0
Loss on other-than- temporary impairment	$ 0	$ 0

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in unrealized investment gains (losses)	$ (27,533,034)	$ (4,341,960)
Gross Investment income	29,536,445	26,584,504
Investment expenses	(3,315,273)	(2,600,316)
Net investment income	26,221,172	23,984,188
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	(34,851,942)	(5,496,152)
Net realized investment gains (losses)	861,782	613,775
Gross Investment income	7,061,501	7,121,593
Fixed Maturities [Member] | Trinity Life Insurance Company [Member]
Change in unrealized investment gains (losses)	(10,918,940)	(3,568,403)
Equity Securities [Member]
Equity securities, sale of securities	(8,000)	89
Equity securities, changes in fair value	60,842	42,876
Gross Investment income	211,290	121,585
Other Long-Term Investments [Member]
Net realized investment gains (losses)	(422,578)	(83,339)
Gross Investment income	4,975,205	4,806,506
Mortgages [Member]
Net realized investment gains (losses)	0	35,310
Gross Investment income	16,850,320	14,263,706
Policy Loans [Member]
Gross Investment income	194,814	163,893
Short-Term Investments [Member]
Gross Investment income	243,315	107,221
Real Estate Investment [Member]
Net realized investment gains (losses)	$ 52,171	$ 289,840

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 242,314,128	$ 177,508,051
Mortgage loans on real estate, percentage	100%	100%
Mortgage loan allowance and unamortized origination fees	$ (1,120,448)	$ (706,519)
Mortgage loan allowance, percentage	(0.46%)	(0.40%)
Trinity Life Insurance Company [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 31,028,575	$ 33,049,329
Less unearned interest on mortgage loans	48,308	767,650
Total mortgage loans held in trust under coinsurance agreement	31,028,575	33,049,329
Alabama [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,631,291	$ 788,026
Mortgage loans on real estate, percentage	0.67%	0.44%
Arizona1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,095,402	$ 726,676
Mortgage loans on real estate, percentage	0.45%	0.41%
Arkansas [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 736,037	$ 723,456
Mortgage loans on real estate, percentage	0.30%	0.41%
California1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 13,811,582	$ 8,890,865
Mortgage loans on real estate, percentage	5.70%	5.01%
Colorado1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,536,180	$ 55,838
Mortgage loans on real estate, percentage	0.63%	0.03%
CONNECTICUT
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 2,882,731	$ 3,735,358
Mortgage loans on real estate, percentage	1.19%	2.10%
Delaware [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 155,840	$ 61,318
Mortgage loans on real estate, percentage	0.06%	0.03%
DISTRICT OF COLUMBIA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 53,653	$ 0
Mortgage loans on real estate, percentage	0.02%	0%
FLORIDA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 94,748,560	$ 48,603,579
Mortgage loans on real estate, percentage	39.11%	27.38%
Georgia1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 7,314,430	$ 7,852,783
Mortgage loans on real estate, percentage	3.02%	4.42%
Illinois1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 2,634,689	$ 3,606,147
Mortgage loans on real estate, percentage	1.09%	2.03%
Indiana1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 335,817	$ 1,884,980
Mortgage loans on real estate, percentage	0.14%	1.06%
KANSAS
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 251,815	$ 389,644
Mortgage loans on real estate, percentage	0.10%	0.22%
Kentucky1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 0	$ 76,259
Mortgage loans on real estate, percentage	0%	0.04%
Louisiana1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 189,335	$ 149,861
Mortgage loans on real estate, percentage	0.08%	0.08%
Maine [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 200,056	$ 124,733
Mortgage loans on real estate, percentage	0.08%	0.07%
Maryland [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,285,510	$ 508,856
Mortgage loans on real estate, percentage	0.53%	0.29%
Massachusetts1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 2,580,335	$ 1,141,814
Mortgage loans on real estate, percentage	1.06%	0.64%
MICHIGAN
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 363,570	$ 429,905
Mortgage loans on real estate, percentage	0.15%	0.24%
Minnesota1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 922,025	$ 866,964
Mortgage loans on real estate, percentage	0.38%	0.49%
Mississippi [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 0	$ 37,128
Mortgage loans on real estate, percentage	0%	0.02%
Missouri1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 3,505,416	$ 5,894,094
Mortgage loans on real estate, percentage	1.45%	3.32%
MONTANA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 0	$ 700,000
Mortgage loans on real estate, percentage	0%	0.39%
NEVADA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 469,713	$ 0
Mortgage loans on real estate, percentage	0.19%	0%
NEW JERSEY
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 15,465,715	$ 9,558,374
Mortgage loans on real estate, percentage	6.38%	5.38%
NEW MEXICO
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 79,815	$ 80,415
Mortgage loans on real estate, percentage	0.03%	0.05%
NEW YORK
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 24,960,742	$ 9,948,828
Mortgage loans on real estate, percentage	10.30%	5.60%
North Carolina [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 5,975,930	$ 1,733,732
Mortgage loans on real estate, percentage	2.47%	0.98%
OHIO
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 8,230,523	$ 6,809,487
Mortgage loans on real estate, percentage	3.40%	3.84%
OKLAHOMA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 739,753	$ 645,008
Mortgage loans on real estate, percentage	0.31%	0.36%
OREGON
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 459,193	$ 105,446
Mortgage loans on real estate, percentage	0.19%	0.06%
Pennsylvania1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,477,938	$ 794,333
Mortgage loans on real estate, percentage	0.61%	0.45%
RHODE ISLAND
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 235,713	$ 0
Mortgage loans on real estate, percentage	0.10%	0%
South Carolina [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 682,167	$ 1,004,438
Mortgage loans on real estate, percentage	0.28%	0.57%
Tennessee [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 1,865,345	$ 2,737,512
Mortgage loans on real estate, percentage	0.77%	1.54%
TEXAS
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 43,134,683	$ 55,003,626
Mortgage loans on real estate, percentage	17.80%	31.02%
UTAH
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 134,668	$ 0
Mortgage loans on real estate, percentage	0.06%	0%
VERMONT
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 208,045	$ 220,093
Mortgage loans on real estate, percentage	0.09%	0.12%
Virginia1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 2,013,668	$ 1,081,200
Mortgage loans on real estate, percentage	0.83%	0.61%
WASHINGTON
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 517,963	$ 811,405
Mortgage loans on real estate, percentage	0.21%	0.46%
WISCONSIN
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 502,127	$ 432,389
Mortgage loans on real estate, percentage	0.21%	0.24%
WEST VIRGINIA
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 46,601	$ 0
Mortgage loans on real estate, percentage	0.02%	0%
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 223,984,194	$ 169,368,048
Residential Portfolio Segment [Member] | Trinity Life Insurance Company [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	0	3,803,847
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	18,329,934	8,140,003
Commercial Portfolio Segment [Member] | Trinity Life Insurance Company [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	31,076,883	30,013,132
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,999,438	1,170,544
Commercial Portfolio Segment [Member] | Agriculture [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	994,691	0
Commercial Portfolio Segment [Member] | Apartment Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	3,625,533	175,121
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	268,741	280,836
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	5,681,946	2,285,403
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 5,759,585	$ 4,228,099

Note 2 - Investments - Mortga_2

Note 2 - Investments - Mortgage Loan to Value Ratios (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Mortgage loans on real estate	$ 242,314,128	$ 177,508,051
Residential Portfolio Segment [Member]
Mortgage loans on real estate	223,984,194	169,368,048
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	18,329,934	8,140,003
Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	242,314,128	177,508,051
Loan to Value Range1 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	72,013,555	52,292,906
Loan to Value Range1 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	3,287,048	1,069,973
Loan to Value Range1 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 75,300,603	53,362,879
Loan to Value Range1 [Member] | Minimum [Member]
Loan to value ratio	70%
Loan to Value Range1 [Member] | Maximum [Member]
Loan to value ratio	80%
Loan to Value Range 2 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 67,780,388	50,445,981
Loan to Value Range 2 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	3,033,504	1,359,831
Loan to Value Range 2 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 70,813,892	51,805,812
Loan to Value Range 2 [Member] | Minimum [Member]
Loan to value ratio	60%
Loan to Value Range 2 [Member] | Maximum [Member]
Loan to value ratio	70%
Loan to Value Range 3 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 36,929,025	26,492,616
Loan to Value Range 3 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,839,272	1,496,664
Loan to Value Range 3 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 38,768,297	27,989,280
Loan to Value Range 3 [Member] | Minimum [Member]
Loan to value ratio	50%
Loan to Value Range 3 [Member] | Maximum [Member]
Loan to value ratio	60%
Loan to Value Range 4 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 20,100,407	19,235,027
Loan to Value Range 4 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,272,088	312,648
Loan to Value Range 4 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 21,372,495	19,547,675
Loan to Value Range 4 [Member] | Minimum [Member]
Loan to value ratio	40%
Loan to Value Range 4 [Member] | Maximum [Member]
Loan to value ratio	50%
Loan to Value Range 5 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 13,143,773	7,843,501
Loan to Value Range 5 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	5,123,894	1,471,023
Loan to Value Range 5 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 18,267,667	9,314,524
Loan to Value Range 5 [Member] | Minimum [Member]
Loan to value ratio	30%
Loan to Value Range 5 [Member] | Maximum [Member]
Loan to value ratio	40%
Loan to Value Range 6 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 8,898,731	9,482,943
Loan to Value Range 6 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	733,238	1,916,446
Loan to Value Range 6 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 9,631,969	11,399,389
Loan to Value Range 6 [Member] | Minimum [Member]
Loan to value ratio	20%
Loan to Value Range 6 [Member] | Maximum [Member]
Loan to value ratio	30%
Loan to Value Range 7 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 3,976,357	2,737,111
Loan to Value Range 7 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	3,040,890	513,418
Loan to Value Range 7 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 7,017,247	3,250,529
Loan to Value Range 7 [Member] | Minimum [Member]
Loan to value ratio	10%
Loan to Value Range 7 [Member] | Maximum [Member]
Loan to value ratio	20%
Loan to Value Range 8 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	$ 1,141,958	837,963
Loan to Value Range 8 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	0	0
Loan to Value Range 8 [Member] | Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	$ 1,141,958	$ 837,963
Loan to Value Range 8 [Member] | Maximum [Member]
Loan to value ratio	10%

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Investment real estate	$ 540,436	$ 688,345
Land Held for Sale [Member]
Investment real estate	540,436	540,436
Residential Real Estate - Held for Sale [Member]
Investment real estate	$ 0	$ 147,909

Note 2 - Investments - Lottery

Note 2 - Investments - Lottery Prize Cash Flows, by Contractual Maturity (Details) - Lottery Prize Cash Flows [Member]	Dec. 31, 2022 USD ($)
Due in one year or less, amortized cost	$ 13,340,048
Due in one year or less, fair value	13,506,367
Due in one year through five years, amortized cost	36,158,892
Due in one year through five years, fair value	38,673,589
Due after five years through ten years, amortized cost	12,541,801
Due after five years through ten years, fair value	14,505,473
Due after ten years, amortized cost	5,460,042
Due after ten years, fair value	7,470,393
Due, amortized cost	67,500,783
Due, fair value	$ 74,155,822

Note 2 - Investments - Lotter_2

Note 2 - Investments - Lottery Prize Cash Flows, by State Lottery (Details) - Lottery Prize Cash Flows [Member] - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Other Investments, Total	$ 67,500,783	$ 65,929,215
Other investments, percentage	100%	100%
Arizona1 [Member]
Other Investments, Total	$ 343,698	$ 383,181
Other investments, percentage	0.51%	0.58%
California1 [Member]
Other Investments, Total	$ 7,891,340	$ 6,757,460
Other investments, percentage	11.69%	10.25%
Connecticut1 [Member]
Other Investments, Total	$ 2,334,369	$ 2,515,625
Other investments, percentage	3.46%	3.82%
Florida1 [Member]
Other Investments, Total	$ 851,727	$ 0
Other investments, percentage	1.26%	0%
Georgia1 [Member]
Other Investments, Total	$ 5,249,187	$ 3,710,308
Other investments, percentage	7.78%	5.63%
Illinois1 [Member]
Other Investments, Total	$ 1,422,002	$ 669,246
Other investments, percentage	2.11%	1.02%
Indiana1 [Member]
Other Investments, Total	$ 4,852,536	$ 5,411,453
Other investments, percentage	7.19%	8.21%
Maine [Member]
Other Investments, Total	$ 40,686	$ 78,497
Other investments, percentage	0.06%	0.12%
Massachusetts1 [Member]
Other Investments, Total	$ 14,736,084	$ 14,753,225
Other investments, percentage	21.83%	22.38%
Michigan1 [Member]
Other Investments, Total	$ 210,900	$ 229,980
Other investments, percentage	0.31%	0.35%
Missouri1 [Member]
Other Investments, Total	$ 73,107	$ 82,794
Other investments, percentage	0.11%	0.13%
New Jersey1 [Member]
Other Investments, Total	$ 99,031	$ 219,330
Other investments, percentage	0.15%	0.33%
New York1 [Member]
Other Investments, Total	$ 20,785,835	$ 22,286,381
Other investments, percentage	30.78%	33.79%
Ohio1 [Member]
Other Investments, Total	$ 4,092,128	$ 3,855,506
Other investments, percentage	6.06%	5.85%
OREGON
Other Investments, Total	$ 42,158	$ 78,848
Other investments, percentage	0.06%	0.12%
Pennsylvania1 [Member]
Other Investments, Total	$ 1,522,210	$ 1,348,166
Other investments, percentage	2.26%	2.04%
Texas1 [Member]
Other Investments, Total	$ 1,997,313	$ 2,331,444
Other investments, percentage	2.96%	3.54%
VIRGINIA
Other Investments, Total	$ 33,506	$ 47,433
Other investments, percentage	0.05%	0.07%
VERMONT
Other Investments, Total	$ 658,585	$ 897,936
Other investments, percentage	0.98%	1.36%
Washington [Member]
Other Investments, Total	$ 264,381	$ 272,402
Other investments, percentage	0.39%	0.41%

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements - Fair Value Measured on a Recurring Basis (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Recurring [Member]
Equity securities	$ 399,633	$ 348,218
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	297,727	207,979
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	47,910	76,816
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	53,996	63,423
US Treasury and Government [Member]
Available-for-sale securities	2,054,565	427,013
US Treasury and Government [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	2,054,565	427,013
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	2,054,565	427,013
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities	4,560,321	9,128,952
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	4,560,321	9,128,952
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	4,560,321	9,128,952
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Commercial Mortgage-Backed Securities [Member]
Available-for-sale securities	8,333,638	3,424,395
Commercial Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	8,333,638	3,424,395
Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	8,333,638	3,424,395
Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Residential Mortgage-Backed Securities [Member]
Available-for-sale securities	15,250	24,276
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	15,250	24,276
Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	15,250	24,276
Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Corporate Debt Securities [Member]
Available-for-sale securities	78,112,137	128,861,381
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	78,112,137	128,861,381
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	78,112,137	128,861,381
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Asset-Backed Securities [Member]
Available-for-sale securities	7,999,429	5,318,303
Asset-Backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	7,999,429	5,318,303
Asset-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Asset-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	7,999,429	5,318,303
Asset-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Exchange-traded Debt Securities [Member]
Available-for-sale securities	467,200	516,600
Exchange-traded Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	467,200	516,600
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	467,200	516,600
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Debt Security, Government, Non-US [Member]
Available-for-sale securities	23,770,080	34,733,326
Debt Security, Government, Non-US [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	23,770,080	34,733,326
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	23,770,080	34,733,326
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Redeemable Preferred Stock [Member]
Available-for-sale securities	1,101,200	1,232,400
Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	1,101,200	1,232,400
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	1,101,200	1,232,400
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Certificates of Deposit [Member]
Available-for-sale securities	199,070	410,392
Certificates of Deposit [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	199,070	410,392
Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	199,070	410,392
Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Debt Securities [Member]
Available-for-sale securities	126,612,890	184,077,038
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities	56,209,040	68,747,533
Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	126,612,890	184,077,038
Debt Securities [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities	56,209,040	68,747,533
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	126,612,890	184,077,038
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities	56,209,040	68,747,533
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Available-for-sale securities	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities	0	0
Mutual Fund [Member] | Fair Value, Recurring [Member]
Equity securities	47,910	76,816
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	47,910	76,816
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	351,723	271,402
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	297,727	207,979
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	$ 53,996	$ 63,423

Note 3 - Fair Value Measureme_4

Note 3 - Fair Value Measurements - Change in Fair Value of Available-for-sale Equity Securities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Beginning balance	$ 63,423	$ 67,132
Joint venture net income	215,470	75,195
Joint venture distribution	(216,897)	(78,904)
Net realized investment losses	(8,000)	0
Ending balance	$ 53,996	$ 63,423

Note 3 - Fair Value Measureme_5

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Policy loans	$ 2,840,887	$ 2,272,629
Accrued investment income	5,580,175	4,879,290
Policy claims	2,541,088	2,381,183
Trinity Life Insurance Company [Member]
Less unearned interest on mortgage loans	48,308	767,650
Reported Value Measurement [Member]
Policy loans	2,840,887	2,272,629
Short-term investments	1,860,578	3,296,838
Other long-term investments	67,500,783	65,929,215
Cash and cash equivalents	33,542,725	42,528,046
Accrued investment income	5,580,175	4,879,290
Total financial assets	353,639,276	296,414,069
Policyholders' account balances	391,359,944	373,647,869
Policy claims	2,541,088	2,381,183
Total financial liabilities	393,901,032	376,029,052
Reported Value Measurement [Member] | Trinity Life Insurance Company [Member]
Short-term investments	982,404
Cash and cash equivalents	3,813,750	4,413,384
Total financial assets	35,824,729	37,462,713
Less unearned interest on mortgage loans	48,308	767,650
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	18,329,934	8,140,003
Reported Value Measurement [Member] | Commercial [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	31,076,883	30,013,132
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	223,984,194	169,368,048
Reported Value Measurement [Member] | Residential [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate		3,803,847
Estimate of Fair Value Measurement [Member]
Policy loans	2,840,887	2,272,629
Short-term investments	1,860,578	3,296,838
Other long-term investments	74,155,822	80,667,966
Cash and cash equivalents	33,542,725	42,528,046
Accrued investment income	5,580,175	4,879,290
Total financial assets	337,850,118	329,898,481
Policyholders' account balances	359,044,740	373,412,607
Policy claims	2,541,088	2,381,183
Total financial liabilities	361,585,828	375,793,790
Estimate of Fair Value Measurement [Member] | Trinity Life Insurance Company [Member]
Short-term investments	982,404
Cash and cash equivalents	3,813,750	4,413,384
Total financial assets	35,824,729	37,462,713
Less unearned interest on mortgage loans	48,308	767,650
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans	0	0
Short-term investments	1,860,578	3,296,838
Other long-term investments	0	0
Cash and cash equivalents	33,542,725	42,528,046
Accrued investment income	0	0
Total financial assets	35,403,303	45,824,884
Policyholders' account balances	0	0
Policy claims	0	0
Total financial liabilities	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Trinity Life Insurance Company [Member]
Short-term investments	982,404
Cash and cash equivalents	3,813,750	4,413,384
Total financial assets	4,796,154	4,413,384
Less unearned interest on mortgage loans	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 2 [Member] | Trinity Life Insurance Company [Member]
Short-term investments	0
Cash and cash equivalents	0	0
Total financial assets	0	0
Less unearned interest on mortgage loans	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Policy loans	2,840,887	2,272,629
Short-term investments	0	0
Other long-term investments	74,155,822	80,667,966
Cash and cash equivalents	0	0
Accrued investment income	5,580,175	4,879,290
Total financial assets	302,446,815	284,073,597
Policyholders' account balances	359,044,740	373,412,607
Policy claims	2,541,088	2,381,183
Total financial liabilities	361,585,828	375,793,790
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Trinity Life Insurance Company [Member]
Short-term investments	0
Cash and cash equivalents	0	0
Total financial assets	31,028,575	33,049,329
Less unearned interest on mortgage loans	48,308	767,650
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	17,393,284	8,917,023
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	31,076,883	30,013,132
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 1 [Member] | Trinity Life Insurance Company [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 2 [Member] | Trinity Life Insurance Company [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	17,393,284	8,917,023
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 3 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	31,076,883	30,013,132
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	202,476,647	187,336,689
Estimate of Fair Value Measurement [Member] | Residential [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate		3,803,847
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 1 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate		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 2 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate		0
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	$ 202,476,647	187,336,689
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 3 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate		$ 3,803,847

Note 4 - Special Deposits (Deta

Note 4 - Special Deposits (Details Textual) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deposit Assets, Total	$ 4,634,898	$ 4,673,271
Other Assets, Fair Value Disclosure	$ 4,590,193	$ 4,715,350

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, 2022	Dec. 31, 2021
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 242,314,128	$ 177,508,051
Financing Receivable, Collectively Evaluated for Impairment	222,969,230	140,597,237
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance	1,120,448	706,519
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	753,648	795,730
Escrow Amount Available	656,924	611,176
Advances To Loan Originator	4,743,041	4,382,896
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	96,724	184,554
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	19,344,898	36,910,814
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 19,344,898	$ 36,910,814

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, 2022	Dec. 31, 2021
Provision	$ 413,929	$ 164,625
Financing Receivable, Collectively Evaluated for Impairment	222,969,230	140,597,237
Residential Portfolio Segment [Member]
Allowance, beginning	675,162	486,604
Charge offs	0	0
Recoveries	0	0
Provision	355,262	188,558
Allowance, ending	1,030,424	675,162
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,030,424	675,162
Individually evaluated for reserve allowance	0	0
Financing Receivable, Collectively Evaluated for Impairment	205,054,480	132,457,234
Commercial Portfolio Segment [Member]
Allowance, beginning	31,357	55,290
Charge offs	0	0
Recoveries	0	0
Provision	58,667	(23,933)
Allowance, ending	90,024	31,357
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	90,024	31,357
Individually evaluated for reserve allowance	0	0
Financing Receivable, Collectively Evaluated for Impairment	17,914,750	8,140,003
Premium Finance Loans [Member]
Allowance, beginning	706,519	541,894
Charge offs	0	0
Recoveries	0	0
Provision	413,929	164,625
Allowance, ending	1,120,448	706,519
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,120,448	706,519
Individually evaluated for reserve allowance	0	0
Financing Receivable, Collectively Evaluated for Impairment	$ 222,969,230	$ 140,597,237

Note 6 - Deferred Policy Acqu_3

Note 6 - Deferred Policy Acquisition Costs - Deferred Acquisition Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Balance, beginning of year	$ 49,717,323	$ 44,513,669
Capitalization of commissions, sales and issue expenses	13,734,859	12,102,070
Amortization	(7,280,457)	(6,932,504)
Deferred acquisition costs allocated to investments	12,060	34,088
Balance, end of year	$ 56,183,785	$ 49,717,323

Note 7 - Federal Income Taxes_2

Note 7 - Federal Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%
Operating Loss Carryforwards	$ 748,067
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	(1,822,633)	$ (129,363)
TLIC [Member]
Operating Loss Carryforwards	$ 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, 2022	Dec. 31, 2021
Expected tax expense	$ 1,673,837	$ 771,390
Unearned investment income	110,215	8,505
Capital gains (losses) taxes	100,366	(188,534)
Net operating losses	78,242	122,654
Non taxable international losses	35,331	31,864
Reinsurance recoverable	20,273	(31,356)
Policy loans	0	32,494
Difference in book versus tax basis of available-for-sale securities	(31,897)	142,199
Future policy benefits	(45,901)	(1,672)
Discount accretion (premium amortization)	(65,439)	60,066
Adjustment of prior years' taxes	(77,434)	(154,921)
Other	(11,644)	23,229
Total federal income tax expense	$ 1,785,949	$ 815,918

Note 7 - Federal Income Taxes_3

Note 7 - Federal Income Taxes - Deferred Taxes (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deferred tax liabilities:
Net unrealized investment gains	$ 0	$ 3,509,878
Deferred policy acquisition costs	10,001,063	8,794,233
Value of insurance business acquired	850,102	906,884
Other liabilities	512,499	204,772
Reinsurance recoverable	237,092	216,819
Due premiums	85,369	79,368
Investment real estate	23,425	23,425
Available-for-sale fixed maturity securities	16,520	42,030
Available-for-sale fixed equity securities	917	0
Other	60	183
Total deferred tax liabilities	11,727,047	13,777,592
Deferred tax assets:
Net unrealized investment losses	3,806,498	0
Policyholders' account balances and future policy benefits	4,408,278	3,761,239
Mortgage loans	232,646	148,369
Agents' balances	217,718	178,006
Cash equivalents	206,305	0
Net operating loss carryforward	157,094	683,720
Unearned investment income	12,293	19,154
Available-for-sale equity securities	0	11,860
Dividend liability	8,804	8,941
Total deferred tax assets	9,049,636	4,811,289
Net deferred tax liabilities	$ 2,677,411	$ 8,966,303

Note 8 - Reinsurance (Details T

Note 8 - Reinsurance (Details Textual) - USD ($)	Dec. 31, 2022	Apr. 01, 2020	Dec. 31, 2019	Jan. 01, 2018	Sep. 29, 2005
Reinsurance Life Insurance Maximum Exposure	$ 100,000
Percent Ceded					50%
Texas Republic Life Insurance Company [Member]
Reimbursement for Production of Group Life Insurance Policy Cost, Percentage	50%
The Assuming Offshore Company [Member]
Additional Percentage of Assets in Trust above Required Annuity Reserve	4%
Trinity American, Inc. ("TAI") [Member] | Trinity Life Insurance Company [Member]
Percent Ceded			100%
Texas Republic Life Insurance Company [Member]
Percent Ceded	50%
First Life America Corporation [Member
Reinsurance Life Insurance Maximum Exposure	$ 100,000
Percent Ceded		0%		90%

Note 8 - Reinsurance - Reinsura

Note 8 - Reinsurance - Reinsurance Assumed and Ceded (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Premiums assumed	$ 6,338,775	$ 4,745,854
Commissions and expense allowances assumed	2,903,368	1,920,939
Benefits assumed	81,512	78,203
Reserve credits assumed	8,924,307	5,714,631
In force amount assumed	229,765,011	78,467,315
Premiums ceded	1,054,085	1,679,793
Commissions and expense allowances ceded	21,715	50,407
Benefits ceded	5,009,861	3,036,438
Reserve credits ceded	109,521,784	103,209,641
In force amount ceded	$ 63,424,357	$ 50,756,838

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) - Office Space [Member] - Topeka Kansas [Member]	12 Months Ended
	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)	Oct. 01, 2015 USD ($) ft²
Area of Real Estate Property (Square Foot) | ft²	7,302		6,769
Operating Lease, Expense	$ 105,494	$ 109,695
Operating Leases, Leasehold Improvement, Allowance	77,000		$ 54,152
Operating Leases, Leasehold Improvement, Allowance Amortization	11,000	$ 13,750
Lessee, Operating Lease, Liability, to be Paid, Year One	118,365
Lessee, Operating Lease, Liability, to be Paid, Year Two	120,720
Lessee, Operating Lease, Liability, to be Paid, Year Three	123,130
Lessee, Operating Lease, Liability, to be Paid, Year Four	125,576
Lessee, Operating Lease, Liability, to be Paid, Year Five	$ 95,620

Note 10 - Shareholders' Equit_2

Note 10 - Shareholders' Equity and Statutory Accounting Practices (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statutory Accounting Practices, Statutory Net Income Amount	$ 679,295	$ 1,201,700
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	$ 12,377,689	14,839,207
Maximum Dividend Percent	10%
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments, Total	$ 1,237,769
Trinity Life Insurance Company [Member]
Payments of Dividends, Total	3,200,000
Trinity Life Insurance Company [Member] | Ordinary Dividends [Member]
Payments of Dividends, Total	1,495,631
Trinity Life Insurance Company [Member] | Extraordinary Dividends [Member]
Payments of Dividends, Total	1,704,369
Trinity Life Insurance Company [Member]
Statutory Accounting Practices, Statutory Net Income Amount	2,765,732	(563,056)
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	15,593,424	$ 14,305,969
Statutory Accounting Practices, Unassigned Surplus, Balance	(3,633,769)
Trinity Life Insurance Company [Member] | First Trinity Financial Corporation [Member]
Payments of Dividends, Total	0
Statutory Accounting Practices, Statutory Capital Returned	$ 2,200,000

Note 11 - Segment Data - Segmen

Note 11 - Segment Data - Segment Data - Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total revenue	$ 65,559,099	$ 57,116,241
Income before income taxes	7,970,652	3,673,288
Depreciation and amortization expense	7,550,851	7,250,567
Life Insurance Operations [Member]
Total revenue	41,826,391	36,680,116
Income before income taxes	3,139,886	2,498,832
Depreciation and amortization expense	6,417,370	6,179,866
Annuity Operations [Member]
Total revenue	21,351,816	19,842,580
Income before income taxes	3,028,852	1,110,528
Depreciation and amortization expense	1,133,481	1,070,701
Corporate Segment [Member]
Total revenue	2,380,892	593,545
Income before income taxes	$ 1,801,914	$ 63,928

Note 11 - Segment Data - Assets

Note 11 - Segment Data - Assets (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Total assets	$ 665,864,037	$ 659,758,934
Life Insurance Operations [Member]
Total assets	149,949,283	133,378,698
Annuity Operations [Member]
Total assets	505,990,810	521,742,643
Corporate Segment [Member]
Total assets	$ 9,923,944	$ 4,637,593

Note 12 - Concentrations of C_2

Note 12 - Concentrations of Credit Risk (Details Textual)	Dec. 31, 2022 USD ($)
Cash, FDIC Insured Amount	$ 250,000
Cash, Uninsured Amount	$ 32,933,850

Note 13 - Contingent Liabilit_2

Note 13 - Contingent Liabilities (Details Textual)				12 Months Ended	20 Months Ended
	Mar. 04, 2022	Jun. 29, 2020	Feb. 17, 2017 USD ($)	Dec. 31, 2022	Mar. 04, 2022
Former Employees of the Plaintiffs [Member]
Loss Contingency, Number of Defendants				3
Case No. CJ-2013-03385 [Member] | Mr. Pettigrew [Member] | First Trinity Financial Corporation [Member]
Loss Contingency, Damages Awarded, Value			$ 800,000
Case No. CJ-2013-03385 [Member] | Mr. Pettigrew [Member] | Mr. Zahn [Member]
Loss Contingency, Damages Awarded, Value			$ 3,500,000
Pending Litigation [Member]
Loss Contingency, Number of Lawsuits				3
Pending Litigation [Member] | Trinity Life Insurance Company [Member]
Loss Contingency, Number of Lawsuits	1	1			2

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, 2021 USD ($)
Due from Related Parties, Total	$ 400,000
Related Party Transaction, Rate	5%

Note 15 - Other Comprehensive_3

Note 15 - Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Balance	$ 68,394,551	$ 69,852,212
Total other comprehensive loss	(27,523,506)	(4,315,031)
Balance	51,652,512	68,394,551
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance	13,209,319	17,551,279
Other comprehensive income (loss) before reclassifications, net of tax	(26,852,226)	(3,857,078)
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	680,808	484,882
Total other comprehensive loss	(27,533,034)	(4,341,960)
Balance	(14,323,715)	13,209,319
Adjustment to Deferred Acquisition Costs [Member]
Balance	(5,492)	(32,421)
Other comprehensive income (loss) before reclassifications, net of tax	9,528	26,929
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	0	0
Total other comprehensive loss	9,528	26,929
Balance	4,036	(5,492)
AOCI Attributable to Parent [Member]
Balance	13,203,827	17,518,858
Other comprehensive income (loss) before reclassifications, net of tax	(26,842,698)	(3,830,149)
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	680,808	484,882
Total other comprehensive loss	(27,523,506)	(4,315,031)
Balance	$ (14,319,679)	$ 13,203,827

Note 15 - Other Comprehensive_4

Note 15 - Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Loss) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Unrealized holding gains (losses) arising during the period, pretax		$ (33,990,160)	$ (4,882,377)
Unrealized holding gains (losses) arising during the period, income tax expense (benefit)		(7,137,934)	(1,025,299)
Unrealized holding gains (losses) arising during the period, net of tax		(26,852,226)	(3,857,078)
Realized gains (losses) on sales of securities	[1]	861,782	613,775
Income tax expense (benefit)	[2]	180,974	128,893
Reclassification adjustment for net gains included in operation, net of tax		680,808	484,882
Net unrealized gains (losses) on investments, pretax		(34,851,942)	(5,496,152)
Net unrealized gains (losses) on investments, income tax expense (benefit)		(7,318,908)	(1,154,192)
Net unrealized gains (losses) on investments, net of tax		(27,533,034)	(4,341,960)
Adjustment to deferred acquisition costs, pretax		12,060	34,088
Adjustment to deferred acquisition costs, income tax expense (benefit)		2,532	7,159
Adjustment to deferred acquisition costs, net of tax		9,528	26,929
Total other comprehensive income (loss), pretax		(34,839,882)	(5,462,064)
Total other comprehensive income (loss), income tax expense (benefit)		(7,316,376)	(1,147,033)
Total other comprehensive income (loss), net of tax		$ (27,523,506)	$ (4,315,031)
[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 Loss and Accumulated Other Comprehensive Income (Loss) - Reclassified From Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Realized gains (losses) on sales of securities	[1]	$ 861,782	$ 613,775
Income tax expense (benefit)	[2]	180,974	128,893
Total reclassification adjustments		$ 680,808	$ 484,882
[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, 2022	Sep. 15, 2021
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,500
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		1%
Long-term Line of Credit, Total	$ 0
Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.75%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1%