First Trinity Financial (FTFC) 10-K 14 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - shares	12 Months Ended
	Dec. 31, 2023	Mar. 04, 2024
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	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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
Document Financial Statement Error Correction [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, 2023	Dec. 31, 2022
Investments
Mortgage loans on real estate	$ 239,831,447	$ 242,314,128
Investment real estate	1,305,403	540,436
Policy loans	3,474,116	2,840,887
Short-term investments	298,257	1,860,578
Other long-term investments	61,487,939	67,500,783
Total investments	456,517,640	442,069,335
Cash and cash equivalents	33,839,741	33,542,725
Accrued investment income	6,214,459	5,580,175
Recoverable from reinsurers	10,353,674	11,102,875
Assets held in trust under coinsurance agreement
Mortgage loans on real estate	239,831,447	242,314,128
Short-term investments	298,257	1,860,578
Payable for securities	(4,414)	0
Cash and cash equivalents	33,839,741	33,542,725
Agents' balances and due premiums	1,284,003	1,253,077
Deferred policy acquisition costs	60,795,108	56,183,785
Value of insurance business acquired	3,777,353	4,048,105
Other assets	19,299,098	20,050,191
Total assets	672,021,535	665,864,037
Policy liabilities
Policyholders' account balances	391,247,676	391,359,944
Future policy benefits	123,729,530	110,012,174
Policy claims	2,410,243	2,541,088
Other policy liabilities	250,294	146,217
Total policy liabilities	517,637,743	504,059,423
Funds withheld under coinsurance agreement	77,257,253	92,301,039
Deferred federal income taxes	4,228,189	2,677,411
Other liabilities	8,882,142	15,173,652
Total liabilities	608,005,327	614,211,525
Shareholders' equity
Additional paid-in capital	43,668,023	43,668,023
Treasury stock, at cost (247,580 shares as of December 31, 2023 and 2022)	(893,947)	(893,947)
Accumulated other comprehensive loss	(9,641,308)	(14,319,679)
Accumulated earnings	30,786,110	23,100,785
Total shareholders' equity	64,016,208	51,652,512
Total liabilities and shareholders' equity	672,021,535	665,864,037
Common Class A [Member]
Shareholders' equity
Common stock	96,319	96,319
Common Class B [Member]
Shareholders' equity
Common stock	1,011	1,011
Trinity Life Insurance Company [Member]
Investments
Mortgage loans on real estate	27,581,881	31,028,575
Short-term investments	0	982,404
Cash and cash equivalents	711,733	3,813,750
Assets held in trust under coinsurance agreement
Mortgage loans on real estate	27,581,881	31,028,575
Short-term investments	0	982,404
Cash and cash equivalents	711,733	3,813,750
Total assets held in trust under coinsurance agreement	79,940,459	92,033,769
Debt Securities [Member]
Investments
Available-for-sale fixed maturity securities at fair value	149,700,948	126,612,890
Assets held in trust under coinsurance agreement
Available-for-sale fixed maturity securities at fair value	149,700,948	126,612,890
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Investments
Available-for-sale fixed maturity securities at fair value	51,651,259	56,209,040
Assets held in trust under coinsurance agreement
Available-for-sale fixed maturity securities at fair value	51,651,259	56,209,040
Equity Securities [Member]
Investments
Equity securities at fair value (cost: $287,375 and $276,131 as of December 31, 2023 and 2022, respectively)	$ 419,530	$ 399,633

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parentheticals) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Treasury stock, value (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	9,631,920
Common stock, shares outstanding (in shares)	9,384,340	9,384,340
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	$ 161,908,230	$ 144,744,158
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities at cost	56,824,160	63,649,991
Equity Securities [Member]
Equity securities, cost	$ 287,375	$ 276,131

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues
Premiums	$ 38,912,934	$ 35,705,560
Net investment income	31,655,321	26,221,172
Net realized investment gains (losses)	(180,152)	544,217
Service fees	4,701,960	3,004,324
Other income	666,409	83,826
Total revenues	75,756,472	65,559,099
Benefits and claims
Increase in future policy benefits	14,212,615	13,713,452
Death benefits	14,298,818	12,998,679
Surrenders	2,173,694	1,414,622
Interest credited to policyholders	15,093,685	12,714,469
Dividend, endowment and supplementary life contract benefits	362,676	330,598
Total benefits and claims	46,141,488	41,171,820
Policy acquisition costs deferred	(13,476,834)	(13,734,859)
Amortization of deferred policy acquisition costs	8,863,514	7,280,457
Amortization of value of insurance business acquired	270,752	270,394
Commissions	12,803,764	12,776,046
Other underwriting, insurance and acquisition expenses	11,091,340	9,824,589
Total expenses	19,552,536	16,416,627
Total benefits, claims and expenses	65,694,024	57,588,447
Income before total federal income tax expense	10,062,448	7,970,652
Current federal income tax expense	1,778,778	758,465
Deferred federal income tax expense	368,309	1,027,484
Total federal income tax expense	2,147,087	1,785,949
Net income	$ 7,915,361	$ 6,184,703
Common Class A [Member]
Net income per common share
Common stock (in dollars per share)	$ 0.8358	$ 0.6531
Common Class B [Member]
Net income per common share
Common stock (in dollars per share)	$ 0.7104	$ 0.5551

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Net income		$ 7,915,361	$ 6,184,703
Other comprehensive income (loss)
Total net unrealized investment gains (losses) arising during the period		5,580,785	(33,990,160)
Less net realized investment gains (losses)	[1]	(52,016)	861,782
Net unrealized investment gains (losses)		5,632,801	(34,851,942)
Adjustment to deferred acquisition costs		1,997	(12,060)
Other comprehensive income (loss) before federal income tax expense (benefit)		5,630,804	(34,839,882)
Federal income tax expense (benefit)		1,182,469	(7,316,376)
Total other comprehensive income (loss)		4,448,335	(27,523,506)
Total comprehensive income (loss)		$ 12,363,696	$ (21,338,803)
[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 ($)	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member] Common Class A [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member] Common Class B [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Treasury Stock, Common [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member] Common Class A [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member] Common Class B [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Treasury Stock, Common [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
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
Other comprehensive income															$ 0	0	0	0	(27,523,506)	0	(27,523,506)
Balance at Dec. 31, 2022	$ 0	$ 0	$ 0	$ 0	$ 230,036	$ (230,036)	$ 0	$ 96,319	$ 1,011	$ 43,668,023	$ (893,947)	$ (14,089,643)	$ 22,870,749	$ 51,652,512	96,319	1,011	43,668,023	(893,947)	(14,319,679)	23,100,785	51,652,512
Net income															0	0	0	0	0	7,915,361	7,915,361
Other comprehensive income (loss)															0	0	0	0	4,448,335	0	4,448,335
Other comprehensive income															0	0	0	0	4,448,335	0	4,448,335
Balance at Dec. 31, 2023															$ 96,319	$ 1,011	$ 43,668,023	$ (893,947)	$ (9,641,308)	$ 30,786,110	$ 64,016,208

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating activities
Net income	$ 7,915,361	$ 6,184,703
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of discount on investments	(4,825,475)	(4,896,100)
Net realized investment (gains) losses	180,152	(544,217)
Amortization of policy acquisition cost	8,863,514	7,280,457
Policy acquisition costs deferred	(13,476,834)	(13,734,859)
Amortization of value of insurance business acquired	270,752	270,394
Allowance for mortgage loan losses	43,654	413,929
Provision for deferred federal income tax expense	368,309	1,027,484
Interest credited to policyholders	15,093,685	12,714,469
Change in assets and liabilities:
Accrued investment income	(634,284)	(700,877)
Recoverable from reinsurers	749,201	578,259
Assets held in trust under coinsurance agreement	17,340,012	7,156,208
Agents' balances and due premiums	(30,926)	485,160
Other assets	751,093	(4,818,426)
Future policy benefits	13,717,356	13,174,365
Policy claims	(130,845)	108,513
Other policy liabilities	104,077	57,370
Other liabilities (excludes change in payable of securities purchased of ($383,426) and ($1,074,665) in 2023 and 2022, respectively)	(5,908,084)	5,281,980
Net cash provided by operating activities	40,390,718	30,038,812
Investing activities
Purchases of fixed maturity securities	(23,059,491)	(35,249,421)
Maturities of fixed maturity securities	4,830,000	952,000
Sales of fixed maturity securities	457,601	57,441,624
Purchases of equity securities	(130,550)	(215,470)
Acquisition of Royalty Capital life Insurance Company	0	3,525,749
Joint venture distribution	119,306	216,897
Purchases of mortgage loans	(130,956,402)	(183,102,781)
Payments on mortgage loans	132,634,814	118,132,864
Purchases of other long-term investments	(7,385,062)	(13,327,014)
Collections on other long-term investments	18,346,857	16,308,664
Sales of real estate	0	200,080
Policy loans	(633,229)	(568,258)
Short-term investments	1,562,321	3,022,927
Net cash used in investing activities	(4,597,261)	(33,736,804)
Financing activities
Policyholders' account deposits	69,082,635	67,308,368
Policyholders' account withdrawals	(104,579,076)	(72,595,697)
Net cash used in financing activities	(35,496,441)	(5,287,329)
Increase (decrease) in cash and cash equivalents	297,016	(8,985,321)
Cash and cash equivalents, beginning of period	33,542,725	42,528,046
Cash and cash equivalents, end of period	33,839,741	33,542,725
Receivables Excluding Policy Loan Receivables [Member]
Investing activities
Net change in receivable and payable for securities sold and purchased	$ (383,426)	$ (1,074,665)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Change in receivable for securities sold	$ (383,426)	$ (1,074,665)

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	First Trinity Financial Corporation and Subsidiaries Consolidated Statements of Cash Flows (continued) Supplemental Disclosure – Cash and Non-Cash Impact on Operating, Investing and Financing Activities During 2023, In conjunction with this foreclosure, the non-cash impact on investing activities is summarized as follows: Year Ended December 31, 2023 Reductions in mortgage loans due to foreclosure $ 764,967 Investment real estate held-for-sale acquired through foreclosure (764,967 ) 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, 2023
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% 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"). Investments Change in significant Accounting Policies – Credit Losses on Investments and Allowance for Loan Losses from Mortgage Loans In first 2023, 2016 13 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 (loss). 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 the result of a credit loss or other factors. An allowance for credit losses is recorded against available-for-sale securities to reflect the amount of an unrealized loss attributed to credit. This impairment is limited by the amount that the fair value is less than the amortized cost basis. Any remaining unrealized loss is recognized in other comprehensive income (loss) with no The assessment and determination of whether or not may If the Company intends to sell the fixed maturity security or will be more likely than not Prior to 2023, no 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. This measurement of mortgage loans on an amortized cost basis is reduced by an allowance for credit losses representing a valuation allowance that is deducted from the amortized costs basis of mortgage loans to present the net carrying value at the amount expected to be collected on the mortgage loans. 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 The statement of operations reflects the measurement of credit losses for newly recognized mortgage loans as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported mortgage loan balances. The Company uses judgment in determining the relevant information and estimation methods that are appropriate in establishing the valuation allowance for credit losses. The allowance for credit losses for mortgage loans with a more-than-insignificant amount of credit determination since origination is determined and the initial allowance for credit losses should be added to the purchase price of mortgage loans rather than being reported as a credit loss expenses. The Company, however, has established and will continue to establish a valuation allowance for mortgage loans on real estate that are not not not not not 2023. Prior to and continuing in 2023, not While the Company utilizes its best judgment and information available, the ultimate adequacy of this allowance is dependent upon a variety of factors beyond our control, including the performance of the residential and commercial mortgage loan portfolio, the economy and changes in interest rates. The 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 The Company considers mortgage loans on real estate 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. Impairment is measured on a loan-by-loan basis. Factors that the Company considers in determining impairment include payment status, collateral value of the real estate subject to the mortgage loan and the probability of collecting scheduled principal and interest payments when due. Mortgage loans that experience insignificant payment delays and payment shortfalls generally are not The Company determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the mortgage loan on real estate and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. 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. These investments are backed by the lottery departments at the various states by U.S. Treasury Bonds and Notes or in the case of Pennsylvania, by annuities purchased from a highly rated life insurance company. Given this support to lottery prize receivables, the Company has not not 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 and Treasury 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, 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 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. 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. Funds Withheld Coinsurance In accordance with an annuity coinsurance agreement with an offshore annuity and life insurance company, TLIC holds assets and recognizes a funds withheld liability for the benefit of the assuming company in an amount at least equal to the annuity reserves in accordance with U.S. statutory accounting principles generated by this ceded business. In addition, the assuming company maintains a trust related to this ceded business amounting to at least an additional 4% may 30 In addition, in accordance with this annuity coinsurance agreement, investment income, investment expenses, other income and other expenses earned or incurred in relation to the operations of this annuity coinsurance agreement are not Consolidated Statements of Operations not Consolidated Statements of Financial Position no not Consolidated Statement of Comprehensive Loss The Company’s Consolidated Statement of Cash Flows one not 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, 2023 2022, five 2024, 2025, 2026, 2027 2028. 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, 2023 2022. 2023 2022 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, 2023 2022, For the year ended December 31, 2023, December 31, 2022, The weighted average outstanding common shares basic for the year ended December 31, 2023 2022 Subsequent Events Management has evaluated all events subsequent to December 31, 2023 On February 23, 2024, April 24, 2023 ( February 26, 2024. Adopted Accounting Standards Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, 2016 13 The estimate of expected credit losses considers historical information, current information, as well as reasonable and supportable forecasts, including estimates of prepayments. The expected credit losses, and subsequent adjustments to such losses, are 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 amended the current other-than-temporary impairment model for available-for-sale debt securities and requires 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 first 2023 January 1, 2023 Troubled Debt Restructurings and Vintage Disclosures In March 2022, 2022 2 first 2023. not Recent Accounting Pronouncements 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 2025 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 Improvements to Reportable Segment Disclosures In November 2023, 2023 07 significant expense principle other segment items one one The amendments in this guidance are effective for fiscal years beginning after December 15, 2023, December 15, 2024. 2024 2025. Improvements to Income Tax Disclosures In December 2023, 2023 09 five 5 not The amendments in this guidance are effective for public companies for fiscal years beginning after December 15, 2024, December 15, 2024. 2025. Cybersecurity Risk Management, Strategy, Governance and Incident Disclosures by Public Companies On July 26, 2023, 8 four The rule also requires periodic disclosures of, among other things, details on the company’s processes to assess, identify, and manage cybersecurity risks, cybersecurity governance, and management’s role in overseeing such a compliance program, including the board of directors’ oversight of cybersecurity risks. Certain reporting requirements under the Cybersecurity Final Rule become effective as early as December 2023. The Company has not December 31, 2023 10

Note 2 - Investments

Note 2 - Investments	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value December 31, 2023 Fixed maturity securities U.S. government and U.S. government agencies $ 3,806,419 $ 14,360 $ 22,495 $ 3,798,284 States and political subdivisions 9,773,549 97,215 338,894 9,531,870 U.S. government agency mortgage backed securities 10,097,479 208,985 - 10,306,464 Commercial mortgage-backed securities 10,629,003 - 2,157,465 8,471,538 Residential mortgage-backed securities 9,986 4,328 - 14,314 Corporate bonds 85,901,454 65,239 6,625,386 79,341,307 Asset-backed securities 12,466,601 43,424 1,017,529 11,492,496 Exchange traded securities 882,631 - 406,631 476,000 Foreign bonds 27,091,108 24,186 1,902,619 25,212,675 Redeemable preferred securities 1,250,000 - 194,000 1,056,000 Total fixed maturity securities $ 161,908,230 $ 457,737 $ 12,665,019 $ 149,700,948 Fixed maturity securities held in trust under coinsurance agreement $ 56,824,160 $ 53,496 $ 5,226,397 $ 51,651,259 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 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, 2023 2022 Unrealized Number of Fair Value Loss Securities December 31, 2023 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 231,010 $ 100 1 States and political subdivisions 120,734 588 1 Corporate bonds 3,762,988 78,589 14 Foreign bonds 502,835 8,573 2 Total less than 12 months in an unrealized loss position 4,617,567 87,850 18 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,876,612 22,395 3 States and political subdivisions 4,411,017 338,306 21 Commercial mortgage-backed securities 8,471,538 2,157,465 24 Corporate bonds 72,550,042 6,546,797 214 Asset-backed securities 7,390,830 1,017,529 20 Exchange traded securities 476,000 406,631 2 Foreign bonds 23,164,587 1,894,046 61 Redeemable preferred securities 306,000 194,000 2 Total more than 12 months in an unrealized loss position 118,646,626 12,577,169 347 Total fixed maturity securities in an unrealized loss position $ 123,264,193 $ 12,665,019 365 Fixed maturity securities held in trust under coinsurance agreement Total less than 12 months in an unrealized loss position $ 1,400,820 $ 5,810 7 Total more than 12 months in an unrealized loss position 47,082,945 5,220,587 180 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 48,483,765 $ 5,226,397 187 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 Foreign bonds 21,766,704 2,785,419 61 Certificate of deposits 199,070 930 1 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 Foreign bonds 2,003,376 440,132 6 Redeemable preferred securities 351,200 148,800 2 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 As of December 31, 2023, December 31, 2023. 365 As of December 31, 2022, December 31, 2022. 380 The change in the current estimate of credit losses on fixed maturity available-for-sale securities for the year ended December 31, 2023 (Unaudited) December 31, 2023 Beginning balance $ - Cumulative adjustment to accumulated earnings as of January 1, 2023 (291,185 ) Current estimate of credit losses (139,285 ) Ending balance $ (430,470 ) Net unrealized losses included in other comprehensive income (loss) for investments classified as available-for-sale, net of the effect of deferred income taxes and deferred acquisition costs assuming that the depreciation had been realized as of December 31, 2023 2022 December 31, 2023 December 31, 2022 Unrealized depreciation on available-for-sale securities $ (12,207,282 ) $ (18,131,268 ) Adjustment to deferred acquisition costs 3,094 5,091 Deferred income taxes 2,562,880 3,806,498 Net unrealized depreciation on available-for-sale securities $ (9,641,308 ) $ (14,319,679 ) Assets held in trust under coinsurance agreement Unrealized depreciation on fixed maturity securities available-for-sale $ (5,172,901 ) $ (7,440,951 ) The amortized cost and fair value of fixed maturity available-for-sale securities as of December 31, 2023, December 31, 2023 Fixed Maturities Available-For-Sale Securities Amortized Cost Fair Value Due in one year or less $ 3,303,802 $ 3,370,422 Due in one year through five years 31,689,156 30,411,513 Due after five years through ten years 24,768,591 23,731,965 Due after ten years 90,257,692 82,645,196 Due at multiple maturity dates 11,888,989 9,541,852 $ 161,908,230 $ 149,700,948 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, 2023, December 31, 2023 Fixed Maturity Available-For-Sale Securities Amortized Cost Fair Value Due in one year or less $ 1,183,080 $ 1,177,915 Due after one year through five years 27,579,589 27,071,969 Due after five years through ten years 8,120,483 7,893,466 Due after ten years 16,827,762 12,909,324 Due at multiple maturity dates 3,113,246 2,598,585 $ 56,824,160 $ 51,651,259 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, 2023 2022 Years Ended December 31, Fixed Maturity Securities Equity Securities Investment Real Estate 2023 2022 2023 2022 2023 2022 Proceeds $ 5,287,601 $ 58,393,624 $ - $ - $ - $ 200,080 Gross realized gains 265,625 1,230,951 - - - 55,867 Gross realized losses (317,641 ) (369,169 ) - (8,000 ) - (3,696 ) Years Ended December 31, Mortgage Loans on Real Estate Other Long-Term Investments 2023 2022 2023 2022 Proceeds $ 132,634,814 $ 118,132,864 $ - $ 16,308,664 Gross realized gains 2,496 - - - Gross realized losses - - - (422,578 ) The accumulated change in net unrealized investment gains (losses) for fixed maturity available-for-sale securities for the years ended December 31, 2023 2022 December 31, 2023 2022 Years Ended December 31, 2023 2022 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ 5,632,801 $ (34,851,942 ) Fixed maturity securities held in trust under coinsurance agreement 2,268,050 (10,918,940 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities (52,016 ) 861,782 Fixed maturity securities credit losses (139,285 ) - Equity securities, sale of securities - (8,000 ) Equity securities, changes in fair value 8,653 60,842 Investment real estate - 52,171 Mortgage loans on real estate 2,496 - Other long-term investments - (422,578 ) Mortgage Loans on Real Estate The Company’s mortgage loans by property type as of December 31, 2023 2022 December 31, 2023 December 31, 2022 Residential mortgage loans $ 224,258,534 $ 223,984,194 Commercial mortgage loans by property type Agricultural 986,207 994,691 Apartment 3,108,829 3,625,533 Industrial 1,267,264 1,999,438 Lodging 24,727 268,741 Office building 5,652,487 5,681,946 Retail 4,533,399 5,759,585 Total commercial mortgage loans by property type 15,572,913 18,329,934 Total mortgage loans $ 239,831,447 $ 242,314,128 Mortgage loans held in trust under coinsurance agreement Commercial mortgage loans $ 27,714,891 $ 31,076,883 Less unearned interest on mortgage loans 133,010 48,308 Total mortgage loans held in trust under coinsurance agreement $ 27,581,881 $ 31,028,575 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, 2023 2022 December 31, Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans Loan-To-Value Ratio 2023 2022 2023 2022 2023 2022 Over 70% to 80% $ 75,718,654 $ 72,013,555 $ 2,099,950 $ 3,287,048 $ 77,818,604 $ 75,300,603 Over 60% to 70% 65,525,308 67,780,388 2,958,186 3,033,504 68,483,494 70,813,892 Over 50% to 60% 38,548,660 36,929,025 1,809,817 1,839,272 40,358,477 38,768,297 Over 40% to 50% 22,283,148 20,100,407 2,394,557 1,272,088 24,677,705 21,372,495 Over 30% to 40% 10,056,308 13,143,773 3,817,212 5,123,894 13,873,520 18,267,667 Over 20% to 30% 7,929,094 8,898,731 463,856 733,238 8,392,950 9,631,969 Over 10% to 20% 3,178,001 3,976,357 1,714,394 3,040,890 4,892,395 7,017,247 10% or less 1,019,361 1,141,958 314,941 - 1,334,302 1,141,958 Total $ 224,258,534 $ 223,984,194 $ 15,572,913 $ 18,329,934 $ 239,831,447 $ 242,314,128 The outstanding principal balance of mortgage loans, by state, as of December 31, 2023 2022 December 31, 2023 December 31, 2022 Amount Percentage Amount Percentage Alabama $ 516,657 0.22 % $ 1,631,291 0.67 % Arizona 2,564,148 1.07 % 1,095,402 0.45 % Arkansas 792,495 0.33 % 736,037 0.30 % California 15,612,618 6.51 % 13,811,582 5.70 % Colorado 1,420,410 0.59 % 1,536,180 0.63 % Connecticut 1,301,749 0.54 % 2,882,731 1.19 % Delaware 360,334 0.15 % 155,840 0.06 % District of Columbia 53,031 0.02 % 53,653 0.02 % Florida 88,891,627 37.07 % 94,748,560 39.11 % Georgia 6,302,274 2.63 % 7,314,430 3.02 % Hawaii 473,360 0.20 % - 0.00 % Idaho 115,286 0.05 % - 0.00 % Illinois 2,562,076 1.07 % 2,634,689 1.09 % Indiana 622,476 0.26 % 335,817 0.14 % Kansas 153,307 0.06 % 251,815 0.10 % Kentucky 192,485 0.08 % - 0.00 % Louisiana 177,027 0.07 % 189,335 0.08 % Maine 118,911 0.05 % 200,056 0.08 % Maryland 1,357,240 0.57 % 1,285,510 0.53 % Massachusetts 1,858,981 0.78 % 2,580,335 1.06 % Michigan 591,204 0.25 % 363,570 0.15 % Minnesota 908,114 0.38 % 922,025 0.38 % Mississippi 54,560 0.02 % - 0.00 % Missouri 4,233,592 1.77 % 3,505,416 1.45 % Nevada 696,957 0.29 % 469,713 0.19 % New Jersey 12,610,602 5.26 % 15,465,715 6.38 % New Mexico 79,122 0.03 % 79,815 0.03 % New York 28,845,873 12.03 % 24,960,742 10.30 % North Carolina 4,250,466 1.77 % 5,975,930 2.47 % Ohio 10,048,860 4.19 % 8,230,523 3.40 % Oklahoma 438,268 0.18 % 739,753 0.31 % Oregon 648,535 0.27 % 459,193 0.19 % Pennsylvania 1,904,171 0.79 % 1,477,938 0.61 % Rhode Island 232,866 0.10 % 235,713 0.10 % South Carolina 1,227,942 0.51 % 682,167 0.28 % Tennessee 3,863,355 1.61 % 1,865,345 0.77 % Texas 40,130,295 16.73 % 43,134,683 17.80 % Utah 409,443 0.17 % 134,668 0.06 % Vermont 200,295 0.08 % 208,045 0.09 % Virginia 2,307,904 0.96 % 2,013,668 0.83 % Washington 1,320,541 0.55 % 517,963 0.21 % Wisconsin 499,987 0.21 % 502,127 0.21 % West Virginia 46,105 0.02 % 46,601 0.02 % Mortgage loan allowance (1,164,102 ) -0.49 % (1,120,448 ) -0.46 % $ 239,831,447 100 % $ 242,314,128 100 % During 2023, 2022, not The principal balances of the 1,870 residential mortgage loans owned by the Company as of December 31, 2023 December 31, 2023 The principal balances of the 1,538 residential mortgage loans owned by the Company as of December 31, 2022 December 31, 2022 There were 18 mortgage loans with a remaining principal balance of $6,043,282 that were more than 90 days past due as of December 31, 2023. December 31, 2023. 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 are allowances for losses on mortgage loans of $1,164,102 and $1,120,448 as of December 31, 2023 2022, December 31, 2023, third one December 31, 2022, third one Investment real estate TLIC owns approximately three FBLIC owns approximately one During 2023, During 2022, The Company’s investment real estate as of December 31, 2023 2022 December 31, 2023 2022 Land - held for investment $ 540,436 $ 540,436 Residential real estate - held for sale 764,967 - Total investment in real estate $ 1,305,403 $ 540,436 Other Long-Term Investments The Company’s investment in lottery prize cash flows was $61,487,939 and $67,500,783 as of December 31, 2023 2022, The amortized cost and estimated fair value of lottery prize cash flows, by contractual maturity, as of December 31, 2023 December 31, 2023 Amortized Cost Fair Value Due in one year or less $ 13,606,873 $ 13,827,135 Due in one year through five years 32,445,768 34,786,621 Due after five years through ten years 10,536,206 12,493,922 Due after ten years 4,899,092 6,916,039 $ 61,487,939 $ 68,023,717 The outstanding balance of lottery prize cash flows, by state lottery, as of December 31, 2023 2022 December 31, 2023 December 31, 2022 Amount Percentage Amount Percentage Arizona $ 301,299 0.49 % $ 343,698 0.51 % California 7,327,724 11.92 % 7,891,340 11.69 % Connecticut 2,285,266 3.72 % 2,334,369 3.46 % Florida 529,803 0.86 % 851,727 1.26 % Georgia 3,947,186 6.42 % 5,249,187 7.78 % Illinois 2,587,537 4.21 % 1,422,002 2.11 % Indiana 4,229,571 6.88 % 4,852,536 7.19 % Maine - 0.00 % 40,686 0.06 % Massachusetts 13,632,982 22.17 % 14,736,084 21.83 % Michigan 190,457 0.31 % 210,900 0.31 % Missouri 62,782 0.10 % 73,107 0.11 % New Jersey 68,823 0.11 % 99,031 0.15 % New York 19,004,811 30.90 % 20,785,835 30.78 % Ohio 3,755,995 6.11 % 4,092,128 6.06 % Oregon 29,272 0.05 % 42,158 0.06 % Pennsylvania 935,798 1.52 % 1,522,210 2.26 % Texas 1,774,744 2.89 % 1,997,313 2.96 % Virginia 17,774 0.03 % 33,506 0.05 % Vermont 550,235 0.89 % 658,585 0.98 % Washington 255,880 0.42 % 264,381 0.39 % $ 61,487,939 100.00 % $ 67,500,783 100.00 % Major categories of net investment income for the years ended December 31, 2023 2022 Years Ended December 31, 2023 2022 Fixed maturity securities $ 6,550,360 $ 7,061,501 Equity securities 118,780 211,290 Other long-term investments 4,948,734 4,975,205 Mortgage loans 19,678,014 16,850,320 Policy loans 240,385 194,814 Short-term and other investments 2,600,099 243,315 Gross investment income 34,136,372 29,536,445 Investment expenses (2,481,051 ) (3,315,273 ) Net investment income $ 31,655,321 $ 26,221,172

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 Level 1 Level 2 Level 3 Total December 31, 2023 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 3,798,284 $ - $ 3,798,284 States and political subdivisions - 9,531,870 - 9,531,870 U.S. government agency mortgage backed securities - 10,306,464 - 10,306,464 Commercial mortgage-backed securities - 8,471,538 - 8,471,538 Residential mortgage-backed securities - 14,314 - 14,314 Corporate bonds - 79,341,307 - 79,341,307 Asset-backed securities - 11,492,496 - 11,492,496 Exchange traded securities - 476,000 - 476,000 Foreign bonds - 25,212,675 - 25,212,675 Redeemable preferred securities - 1,056,000 - 1,056,000 Total fixed maturity securities $ - $ 149,700,948 $ - $ 149,700,948 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 51,651,259 $ - $ 51,651,259 Equity securities Mutual funds $ - $ 50,226 $ - $ 50,226 Corporate common stock 304,064 - 65,240 369,304 Total equity securities $ 304,064 $ 50,226 $ 65,240 $ 419,530 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 As of December 31, 2023 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, 2023 2022 December 31, 2023 2022 Beginning balance $ 53,996 $ 63,423 Joint venture net income 130,550 215,470 Joint venture distribution (119,306 ) (216,897 ) Net realized investment losses - (8,000 ) Ending balance $ 65,240 $ 53,996 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, 2023 2022, Carrying Fair Amount Value Level 1 Level 2 Level 3 December 31, 2023 Financial assets Mortgage loans on real estate Commercial $ 15,572,913 $ 14,803,724 $ - $ - $ 14,803,724 Residential 224,258,534 196,514,414 - - 196,514,414 Policy loans 3,474,116 3,474,116 - - 3,474,116 Short-term investments 298,257 298,257 298,257 - - Other long-term investments 61,487,939 68,023,717 - - 68,023,717 Cash and cash equivalents 33,839,741 33,839,741 33,839,741 - - Accrued investment income 6,214,459 6,214,459 - - 6,214,459 Total financial assets $ 345,145,959 $ 323,168,428 $ 34,137,998 $ - $ 289,030,430 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 27,714,891 $ 27,714,891 $ - $ - $ 27,714,891 Less unearned interest on mortgage loans 133,010 133,010 - - 133,010 Cash and cash equivalents 711,733 711,733 711,733 - - Total financial assets held in trust under coinsurance agreement $ 28,293,614 $ 28,293,614 $ 711,733 $ - $ 27,581,881 Financial liabilities Policyholders' account balances $ 391,247,676 $ 344,806,580 $ - $ - $ 344,806,580 Policy claims 2,410,243 2,410,243 - - 2,410,243 Total financial liabilities $ 393,657,919 $ 347,216,823 $ - $ - $ 347,216,823 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 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 as of December 31, 2023 2022. 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, 2023
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, 2023 2022, December 31, 2023 2022,

Note 5 - Allowance for Loan Los

Note 5 - Allowance for Loan Losses From Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Premiums Receivable Note [Text Block]	5. Allowance for Loan Losses from Mortgage Loans on Real Estate As of December 31, 2023, third December 31, 2023, December 31, 2023 December 31, 2023. As of December 31, 2022, third December 31, 2022, December 31, 2022 December 31, 2022. As of December 31, 2023, may not The balances of and changes in the Company’s credit losses related to residential and commercial (includes agricultural, apartment, industrial, lodging, office building and retail) mortgage loans on real estate as of and for the years ended December 31, 2023 2022 December 31, 2023 2022, one third Years Ended December 31, Residential Mortgage Loans Commercial Mortgage Loans Total 2023 2022 2023 2022 2023 2022 Allowance, beginning $ 1,030,424 $ 675,162 $ 90,024 $ 31,357 $ 1,120,448 $ 706,519 Charge offs - - - - - - Recoveries - - - - - - Provision 55,495 355,262 (11,841 ) 58,667 43,654 413,929 Allowance, ending $ 1,085,919 $ 1,030,424 $ 78,183 $ 90,024 $ 1,164,102 $ 1,120,448 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 1,085,919 $ 1,030,424 $ 78,183 $ 90,024 $ 1,164,102 $ 1,120,448 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 216,097,800 $ 205,054,480 $ 15,558,435 $ 17,914,750 $ 231,656,235 $ 222,969,230

Note 6 - Deferred Policy Acquis

Note 6 - Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 2023 2022 Balance, beginning of year $ 56,183,785 $ 49,717,323 Capitalization of commissions, sales and issue expenses 13,476,834 13,734,859 Amortization (8,863,514 ) (7,280,457 ) Deferred acquisition costs allocated to investments (1,997 ) 12,060 Balance, end of year $ 60,795,108 $ 56,183,785

Note 7 - Federal Income Taxes

Note 7 - Federal Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. FTFC filed 2022 2021 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, 2023 2022, Years Ended December 31, 2023 2022 Expected tax expense $ 2,113,114 $ 1,673,837 Future policy benefits 116,934 (45,901 ) Non taxable international losses 44,775 35,331 Adjustment of prior years' taxes 36,495 (77,434 ) Capital gains taxes 28,398 100,366 Net operating losses - 78,242 Difference in book versus tax basis of available-for-sale securities (3,341 ) (31,897 ) Unearned investment income (23,446 ) 110,215 Premium amortization (47,081 ) (65,439 ) Reinsurance recoverable (payable) (158,863 ) 20,273 Other 40,102 (11,644 ) Total income tax expense $ 2,147,087 $ 1,785,949 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, 2023 2022 December 31, 2023 2022 Deferred tax liabilities: Deferred policy acquisition costs $ 10,880,652 $ 10,001,063 Value of insurance business acquired 793,244 850,102 Other liabilities 290,470 512,499 Reinsurance recoverable 260,169 237,092 Due premiums 104,257 85,369 Investment real estate 23,425 23,425 Available-for-sale fixed maturity securities - 16,520 Available-for-sale fixed equity securities 2,734 917 Other 12 60 Total deferred tax liabilities 12,354,963 11,727,047 Deferred tax assets: Policyholders' account balances and future policy benefits $ 5,027,661 $ 4,408,278 Net unrealized investment losses 2,562,880 3,806,498 Mortgage loans 241,819 232,646 Agents' balances 185,954 217,718 Cash equivalents - 206,305 Net operating loss carryforward - 157,094 Available-for-sale fixed maturity securities 76,016 - Unearned investment income 24,186 12,293 Dividend liability 8,258 8,804 Total deferred tax assets 8,126,774 9,049,636 Net deferred tax liabilities $ 4,228,189 $ 2,677,411 FTFC, TLIC, FBLIC and TMC have no remaining net operating loss carryforwards as of December 31, 2023. 2023, January 1, 2023 2023 2022, January 1, 2022 2022 2022, December 31, 2022. The Company has no not not 2020 2023

Note 8 - Reinsurance

Note 8 - Reinsurance	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Reinsurance [Text Block]	8. Statutory reinsurance assumed and ceded amounts for TLIC and FBLIC for 2023 2022 2023 2022 Premiums assumed $ 9,272,154 $ 6,338,775 Commissions and expense allowances assumed 3,652,842 2,903,368 Benefits assumed 229,729 81,512 Reserve credits assumed 14,087,640 8,924,307 In force amount assumed 249,019,338 229,765,011 Premiums ceded 532,288 1,054,085 Commissions and expense allowances ceded 11,180 21,715 Benefits ceded 5,070,456 5,009,861 Reserve credits ceded 92,309,889 109,521,784 In force amount ceded 64,278,984 63,424,357 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. 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, 2023
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, 2023 2022, 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 for the years ended December 31, 2023 2022. 2024, 2025, 2026 2027,

Note 10 - Shareholders' Equity

Note 10 - Shareholders' Equity and Statutory Accounting Practices	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Equity [Text Block]	10. Equity and Statutory Accounting Practices FBLIC and TLIC are domiciled in Oklahoma and prepares their statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the OID. 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 ($249,030) and $2,765,732 for the years ended December 31, 2023 2022, December 31, 2023 2022, December 31, 2023 2022, December 31, 2023 2022, TLIC and FBLIC are subject to Oklahoma laws that limit the amount of dividends insurance companies can pay to stockholders without approval of the Oklahoma Department of Insurance. The maximum dividend, which may twelve December 31 may no December 31, 2023. 2024 2022, 2022,

Note 11 - Segment Data

Note 11 - Segment Data	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 Year Ended December 31, 2023 2022 Revenues: Life insurance operations $ 46,859,649 $ 41,826,391 Annuity operations 24,531,347 21,351,816 Corporate operations 4,365,476 2,380,892 Total $ 75,756,472 $ 65,559,099 Income before income taxes: Life insurance operations $ 3,463,203 $ 3,139,886 Annuity operations 3,453,174 3,028,852 Corporate operations 3,146,071 1,801,914 Total $ 10,062,448 $ 7,970,652 Amortization expense: Life insurance operations $ 7,705,997 $ 6,417,370 Annuity operations 1,428,269 1,133,481 Total $ 9,134,266 $ 7,550,851 December 31, 2023 2022 Assets: Life insurance operations $ 164,653,497 $ 149,949,283 Annuity operations 495,979,724 505,990,810 Corporate operations 11,388,314 9,923,944 Total $ 672,021,535 $ 665,864,037

Note 12 - Concentrations of Cre

Note 12 - Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2023
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 $26,017,084 as of December 31, 2023. 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, 2023
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 November 7, 2018, Citizens, Inc., CICA Life Ltd., and CICA Life Insurance Company of America, v. Randall H. Riley, Citizens American Life, LLC, Citizens American Life, Inc., Alexis Delgado, Carlos Landa, Enrique Ruiz, Johan Silva, Esperanza Delgado, Michael Buchweitz, Jonathan Pollio, Steven Rekedal, First Trinity Financial Corporation, Trinity American, Inc., and International Marketing Group S.A. LLC, defendants February 26, 2024 March 8, 2024 March 8, 2024, no no two 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 - Other Comprehensive I

Note 14 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	14. The changes in the components of the Company’s accumulated other comprehensive income (loss) for the years ended December 31, 2023 2022 Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Year Ended December 31, 2023 Balance as of January 1, 2023 $ (14,323,715 ) $ 4,036 $ (14,319,679 ) Cumulative effect adjustment as of January 1, 2023 Accumulated credit loss January 1, 2023 230,036 - 230,036 Other comprehensive income before reclassifications, net of tax 4,408,820 (1,578 ) 4,407,242 Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax (41,093 ) - (41,093 ) Other comprehensive income 4,449,913 (1,578 ) 4,448,335 Balance as of December 31, 2023 $ (9,643,766 ) $ 2,458 $ (9,641,308 ) 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 ) 14. The pretax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit) for each component for the years ended December 31, 2023 2022 Income Tax Expense Pretax (Benefit) Net of Tax Year Ended December 31, 2023 Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 5,580,785 $ 1,171,965 $ 4,408,820 Reclassification adjustment for net losses included in operation (52,016 ) (10,923 ) (41,093 ) Net unrealized gains on investments 5,632,801 1,182,888 4,449,913 Adjustment to deferred acquisition costs (1,997 ) (419 ) (1,578 ) Total other comprehensive income $ 5,630,804 $ 1,182,469 $ 4,448,335 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 ) 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, 2023 2022 Years Ended December 31, Reclassification Adjustments 2023 2022 Realized gains (losses) on sales of securities (a) $ (52,016 ) $ 861,782 Income tax expense (benefit) (b) (10,923 ) 180,974 Total reclassification adjustments $ (41,093 ) $ 680,808 (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.

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	Item 9B. None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
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% 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").
Investment, Policy [Policy Text Block]	Investments Change in significant Accounting Policies – Credit Losses on Investments and Allowance for Loan Losses from Mortgage Loans In first 2023, 2016 13 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 (loss). 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 the result of a credit loss or other factors. An allowance for credit losses is recorded against available-for-sale securities to reflect the amount of an unrealized loss attributed to credit. This impairment is limited by the amount that the fair value is less than the amortized cost basis. Any remaining unrealized loss is recognized in other comprehensive income (loss) with no The assessment and determination of whether or not may If the Company intends to sell the fixed maturity security or will be more likely than not Prior to 2023, no 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. This measurement of mortgage loans on an amortized cost basis is reduced by an allowance for credit losses representing a valuation allowance that is deducted from the amortized costs basis of mortgage loans to present the net carrying value at the amount expected to be collected on the mortgage loans. 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 The statement of operations reflects the measurement of credit losses for newly recognized mortgage loans as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported mortgage loan balances. The Company uses judgment in determining the relevant information and estimation methods that are appropriate in establishing the valuation allowance for credit losses. The allowance for credit losses for mortgage loans with a more-than-insignificant amount of credit determination since origination is determined and the initial allowance for credit losses should be added to the purchase price of mortgage loans rather than being reported as a credit loss expenses. The Company, however, has established and will continue to establish a valuation allowance for mortgage loans on real estate that are not not not not not 2023. Prior to and continuing in 2023, not While the Company utilizes its best judgment and information available, the ultimate adequacy of this allowance is dependent upon a variety of factors beyond our control, including the performance of the residential and commercial mortgage loan portfolio, the economy and changes in interest rates. The 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 The Company considers mortgage loans on real estate 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. Impairment is measured on a loan-by-loan basis. Factors that the Company considers in determining impairment include payment status, collateral value of the real estate subject to the mortgage loan and the probability of collecting scheduled principal and interest payments when due. Mortgage loans that experience insignificant payment delays and payment shortfalls generally are not The Company determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the mortgage loan on real estate and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. 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. These investments are backed by the lottery departments at the various states by U.S. Treasury Bonds and Notes or in the case of Pennsylvania, by annuities purchased from a highly rated life insurance company. Given this support to lottery prize receivables, the Company has not not
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 and Treasury 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, 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
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.
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. Funds Withheld Coinsurance In accordance with an annuity coinsurance agreement with an offshore annuity and life insurance company, TLIC holds assets and recognizes a funds withheld liability for the benefit of the assuming company in an amount at least equal to the annuity reserves in accordance with U.S. statutory accounting principles generated by this ceded business. In addition, the assuming company maintains a trust related to this ceded business amounting to at least an additional 4% may 30 In addition, in accordance with this annuity coinsurance agreement, investment income, investment expenses, other income and other expenses earned or incurred in relation to the operations of this annuity coinsurance agreement are not Consolidated Statements of Operations not Consolidated Statements of Financial Position no not Consolidated Statement of Comprehensive Loss The Company’s Consolidated Statement of Cash Flows one not
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, 2023 2022, five 2024, 2025, 2026, 2027 2028.
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, 2023 2022. 2023 2022 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, 2023 2022, For the year ended December 31, 2023, December 31, 2022, The weighted average outstanding common shares basic for the year ended December 31, 2023 2022
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Management has evaluated all events subsequent to December 31, 2023 On February 23, 2024, April 24, 2023 ( February 26, 2024.
New Accounting Pronouncements, Policy [Policy Text Block]	Adopted Accounting Standards Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, 2016 13 The estimate of expected credit losses considers historical information, current information, as well as reasonable and supportable forecasts, including estimates of prepayments. The expected credit losses, and subsequent adjustments to such losses, are 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 amended the current other-than-temporary impairment model for available-for-sale debt securities and requires 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 first 2023 January 1, 2023 Troubled Debt Restructurings and Vintage Disclosures In March 2022, 2022 2 first 2023. not Recent Accounting Pronouncements 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 2025 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 Improvements to Reportable Segment Disclosures In November 2023, 2023 07 significant expense principle other segment items one one The amendments in this guidance are effective for fiscal years beginning after December 15, 2023, December 15, 2024. 2024 2025. Improvements to Income Tax Disclosures In December 2023, 2023 09 five 5 not The amendments in this guidance are effective for public companies for fiscal years beginning after December 15, 2024, December 15, 2024. 2025. Cybersecurity Risk Management, Strategy, Governance and Incident Disclosures by Public Companies On July 26, 2023, 8 four The rule also requires periodic disclosures of, among other things, details on the company’s processes to assess, identify, and manage cybersecurity risks, cybersecurity governance, and management’s role in overseeing such a compliance program, including the board of directors’ oversight of cybersecurity risks. Certain reporting requirements under the Cybersecurity Final Rule become effective as early as December 2023. The Company has not December 31, 2023 10

Supplemental Disclosure - Cas_2

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Year Ended December 31, 2023 Reductions in mortgage loans due to foreclosure $ 764,967 Investment real estate held-for-sale acquired through foreclosure (764,967 ) 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, 2023
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, 2023 Fixed maturity securities U.S. government and U.S. government agencies $ 3,806,419 $ 14,360 $ 22,495 $ 3,798,284 States and political subdivisions 9,773,549 97,215 338,894 9,531,870 U.S. government agency mortgage backed securities 10,097,479 208,985 - 10,306,464 Commercial mortgage-backed securities 10,629,003 - 2,157,465 8,471,538 Residential mortgage-backed securities 9,986 4,328 - 14,314 Corporate bonds 85,901,454 65,239 6,625,386 79,341,307 Asset-backed securities 12,466,601 43,424 1,017,529 11,492,496 Exchange traded securities 882,631 - 406,631 476,000 Foreign bonds 27,091,108 24,186 1,902,619 25,212,675 Redeemable preferred securities 1,250,000 - 194,000 1,056,000 Total fixed maturity securities $ 161,908,230 $ 457,737 $ 12,665,019 $ 149,700,948 Fixed maturity securities held in trust under coinsurance agreement $ 56,824,160 $ 53,496 $ 5,226,397 $ 51,651,259 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
Gain (Loss) on Securities [Table Text Block]	Unrealized Number of Fair Value Loss Securities December 31, 2023 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 231,010 $ 100 1 States and political subdivisions 120,734 588 1 Corporate bonds 3,762,988 78,589 14 Foreign bonds 502,835 8,573 2 Total less than 12 months in an unrealized loss position 4,617,567 87,850 18 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 1,876,612 22,395 3 States and political subdivisions 4,411,017 338,306 21 Commercial mortgage-backed securities 8,471,538 2,157,465 24 Corporate bonds 72,550,042 6,546,797 214 Asset-backed securities 7,390,830 1,017,529 20 Exchange traded securities 476,000 406,631 2 Foreign bonds 23,164,587 1,894,046 61 Redeemable preferred securities 306,000 194,000 2 Total more than 12 months in an unrealized loss position 118,646,626 12,577,169 347 Total fixed maturity securities in an unrealized loss position $ 123,264,193 $ 12,665,019 365 Fixed maturity securities held in trust under coinsurance agreement Total less than 12 months in an unrealized loss position $ 1,400,820 $ 5,810 7 Total more than 12 months in an unrealized loss position 47,082,945 5,220,587 180 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 48,483,765 $ 5,226,397 187 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 Foreign bonds 21,766,704 2,785,419 61 Certificate of deposits 199,070 930 1 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 Foreign bonds 2,003,376 440,132 6 Redeemable preferred securities 351,200 148,800 2 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
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Table Text Block]	(Unaudited) December 31, 2023 Beginning balance $ - Cumulative adjustment to accumulated earnings as of January 1, 2023 (291,185 ) Current estimate of credit losses (139,285 ) Ending balance $ (430,470 )
Unrealized Gain (Loss) on Investments [Table Text Block]	December 31, 2023 December 31, 2022 Unrealized depreciation on available-for-sale securities $ (12,207,282 ) $ (18,131,268 ) Adjustment to deferred acquisition costs 3,094 5,091 Deferred income taxes 2,562,880 3,806,498 Net unrealized depreciation on available-for-sale securities $ (9,641,308 ) $ (14,319,679 ) Assets held in trust under coinsurance agreement Unrealized depreciation on fixed maturity securities available-for-sale $ (5,172,901 ) $ (7,440,951 )
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2023 Amortized Cost Fair Value Due in one year or less $ 13,606,873 $ 13,827,135 Due in one year through five years 32,445,768 34,786,621 Due after five years through ten years 10,536,206 12,493,922 Due after ten years 4,899,092 6,916,039 $ 61,487,939 $ 68,023,717
Realized Gain (Loss) on Investments [Table Text Block]	Years Ended December 31, Fixed Maturity Securities Equity Securities Investment Real Estate 2023 2022 2023 2022 2023 2022 Proceeds $ 5,287,601 $ 58,393,624 $ - $ - $ - $ 200,080 Gross realized gains 265,625 1,230,951 - - - 55,867 Gross realized losses (317,641 ) (369,169 ) - (8,000 ) - (3,696 ) Years Ended December 31, Mortgage Loans on Real Estate Other Long-Term Investments 2023 2022 2023 2022 Proceeds $ 132,634,814 $ 118,132,864 $ - $ 16,308,664 Gross realized gains 2,496 - - - Gross realized losses - - - (422,578 )
Investment Income [Table Text Block]	Years Ended December 31, 2023 2022 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ 5,632,801 $ (34,851,942 ) Fixed maturity securities held in trust under coinsurance agreement 2,268,050 (10,918,940 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities (52,016 ) 861,782 Fixed maturity securities credit losses (139,285 ) - Equity securities, sale of securities - (8,000 ) Equity securities, changes in fair value 8,653 60,842 Investment real estate - 52,171 Mortgage loans on real estate 2,496 - Other long-term investments - (422,578 ) Years Ended December 31, 2023 2022 Fixed maturity securities $ 6,550,360 $ 7,061,501 Equity securities 118,780 211,290 Other long-term investments 4,948,734 4,975,205 Mortgage loans 19,678,014 16,850,320 Policy loans 240,385 194,814 Short-term and other investments 2,600,099 243,315 Gross investment income 34,136,372 29,536,445 Investment expenses (2,481,051 ) (3,315,273 ) Net investment income $ 31,655,321 $ 26,221,172
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2023 December 31, 2022 Residential mortgage loans $ 224,258,534 $ 223,984,194 Commercial mortgage loans by property type Agricultural 986,207 994,691 Apartment 3,108,829 3,625,533 Industrial 1,267,264 1,999,438 Lodging 24,727 268,741 Office building 5,652,487 5,681,946 Retail 4,533,399 5,759,585 Total commercial mortgage loans by property type 15,572,913 18,329,934 Total mortgage loans $ 239,831,447 $ 242,314,128 Mortgage loans held in trust under coinsurance agreement Commercial mortgage loans $ 27,714,891 $ 31,076,883 Less unearned interest on mortgage loans 133,010 48,308 Total mortgage loans held in trust under coinsurance agreement $ 27,581,881 $ 31,028,575 December 31, 2023 December 31, 2022 Amount Percentage Amount Percentage Alabama $ 516,657 0.22 % $ 1,631,291 0.67 % Arizona 2,564,148 1.07 % 1,095,402 0.45 % Arkansas 792,495 0.33 % 736,037 0.30 % California 15,612,618 6.51 % 13,811,582 5.70 % Colorado 1,420,410 0.59 % 1,536,180 0.63 % Connecticut 1,301,749 0.54 % 2,882,731 1.19 % Delaware 360,334 0.15 % 155,840 0.06 % District of Columbia 53,031 0.02 % 53,653 0.02 % Florida 88,891,627 37.07 % 94,748,560 39.11 % Georgia 6,302,274 2.63 % 7,314,430 3.02 % Hawaii 473,360 0.20 % - 0.00 % Idaho 115,286 0.05 % - 0.00 % Illinois 2,562,076 1.07 % 2,634,689 1.09 % Indiana 622,476 0.26 % 335,817 0.14 % Kansas 153,307 0.06 % 251,815 0.10 % Kentucky 192,485 0.08 % - 0.00 % Louisiana 177,027 0.07 % 189,335 0.08 % Maine 118,911 0.05 % 200,056 0.08 % Maryland 1,357,240 0.57 % 1,285,510 0.53 % Massachusetts 1,858,981 0.78 % 2,580,335 1.06 % Michigan 591,204 0.25 % 363,570 0.15 % Minnesota 908,114 0.38 % 922,025 0.38 % Mississippi 54,560 0.02 % - 0.00 % Missouri 4,233,592 1.77 % 3,505,416 1.45 % Nevada 696,957 0.29 % 469,713 0.19 % New Jersey 12,610,602 5.26 % 15,465,715 6.38 % New Mexico 79,122 0.03 % 79,815 0.03 % New York 28,845,873 12.03 % 24,960,742 10.30 % North Carolina 4,250,466 1.77 % 5,975,930 2.47 % Ohio 10,048,860 4.19 % 8,230,523 3.40 % Oklahoma 438,268 0.18 % 739,753 0.31 % Oregon 648,535 0.27 % 459,193 0.19 % Pennsylvania 1,904,171 0.79 % 1,477,938 0.61 % Rhode Island 232,866 0.10 % 235,713 0.10 % South Carolina 1,227,942 0.51 % 682,167 0.28 % Tennessee 3,863,355 1.61 % 1,865,345 0.77 % Texas 40,130,295 16.73 % 43,134,683 17.80 % Utah 409,443 0.17 % 134,668 0.06 % Vermont 200,295 0.08 % 208,045 0.09 % Virginia 2,307,904 0.96 % 2,013,668 0.83 % Washington 1,320,541 0.55 % 517,963 0.21 % Wisconsin 499,987 0.21 % 502,127 0.21 % West Virginia 46,105 0.02 % 46,601 0.02 % Mortgage loan allowance (1,164,102 ) -0.49 % (1,120,448 ) -0.46 % $ 239,831,447 100 % $ 242,314,128 100 %
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans Loan-To-Value Ratio 2023 2022 2023 2022 2023 2022 Over 70% to 80% $ 75,718,654 $ 72,013,555 $ 2,099,950 $ 3,287,048 $ 77,818,604 $ 75,300,603 Over 60% to 70% 65,525,308 67,780,388 2,958,186 3,033,504 68,483,494 70,813,892 Over 50% to 60% 38,548,660 36,929,025 1,809,817 1,839,272 40,358,477 38,768,297 Over 40% to 50% 22,283,148 20,100,407 2,394,557 1,272,088 24,677,705 21,372,495 Over 30% to 40% 10,056,308 13,143,773 3,817,212 5,123,894 13,873,520 18,267,667 Over 20% to 30% 7,929,094 8,898,731 463,856 733,238 8,392,950 9,631,969 Over 10% to 20% 3,178,001 3,976,357 1,714,394 3,040,890 4,892,395 7,017,247 10% or less 1,019,361 1,141,958 314,941 - 1,334,302 1,141,958 Total $ 224,258,534 $ 223,984,194 $ 15,572,913 $ 18,329,934 $ 239,831,447 $ 242,314,128
Schedule of Real Estate Properties [Table Text Block]	December 31, 2023 2022 Land - held for investment $ 540,436 $ 540,436 Residential real estate - held for sale 764,967 - Total investment in real estate $ 1,305,403 $ 540,436
Investment Holdings, Other than Securities [Table Text Block]	December 31, 2023 December 31, 2022 Amount Percentage Amount Percentage Arizona $ 301,299 0.49 % $ 343,698 0.51 % California 7,327,724 11.92 % 7,891,340 11.69 % Connecticut 2,285,266 3.72 % 2,334,369 3.46 % Florida 529,803 0.86 % 851,727 1.26 % Georgia 3,947,186 6.42 % 5,249,187 7.78 % Illinois 2,587,537 4.21 % 1,422,002 2.11 % Indiana 4,229,571 6.88 % 4,852,536 7.19 % Maine - 0.00 % 40,686 0.06 % Massachusetts 13,632,982 22.17 % 14,736,084 21.83 % Michigan 190,457 0.31 % 210,900 0.31 % Missouri 62,782 0.10 % 73,107 0.11 % New Jersey 68,823 0.11 % 99,031 0.15 % New York 19,004,811 30.90 % 20,785,835 30.78 % Ohio 3,755,995 6.11 % 4,092,128 6.06 % Oregon 29,272 0.05 % 42,158 0.06 % Pennsylvania 935,798 1.52 % 1,522,210 2.26 % Texas 1,774,744 2.89 % 1,997,313 2.96 % Virginia 17,774 0.03 % 33,506 0.05 % Vermont 550,235 0.89 % 658,585 0.98 % Washington 255,880 0.42 % 264,381 0.39 % $ 61,487,939 100.00 % $ 67,500,783 100.00 %
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2023 Fixed Maturities Available-For-Sale Securities Amortized Cost Fair Value Due in one year or less $ 3,303,802 $ 3,370,422 Due in one year through five years 31,689,156 30,411,513 Due after five years through ten years 24,768,591 23,731,965 Due after ten years 90,257,692 82,645,196 Due at multiple maturity dates 11,888,989 9,541,852 $ 161,908,230 $ 149,700,948 December 31, 2023 Fixed Maturity Available-For-Sale Securities Amortized Cost Fair Value Due in one year or less $ 1,183,080 $ 1,177,915 Due after one year through five years 27,579,589 27,071,969 Due after five years through ten years 8,120,483 7,893,466 Due after ten years 16,827,762 12,909,324 Due at multiple maturity dates 3,113,246 2,598,585 $ 56,824,160 $ 51,651,259

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total December 31, 2023 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 3,798,284 $ - $ 3,798,284 States and political subdivisions - 9,531,870 - 9,531,870 U.S. government agency mortgage backed securities - 10,306,464 - 10,306,464 Commercial mortgage-backed securities - 8,471,538 - 8,471,538 Residential mortgage-backed securities - 14,314 - 14,314 Corporate bonds - 79,341,307 - 79,341,307 Asset-backed securities - 11,492,496 - 11,492,496 Exchange traded securities - 476,000 - 476,000 Foreign bonds - 25,212,675 - 25,212,675 Redeemable preferred securities - 1,056,000 - 1,056,000 Total fixed maturity securities $ - $ 149,700,948 $ - $ 149,700,948 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 51,651,259 $ - $ 51,651,259 Equity securities Mutual funds $ - $ 50,226 $ - $ 50,226 Corporate common stock 304,064 - 65,240 369,304 Total equity securities $ 304,064 $ 50,226 $ 65,240 $ 419,530 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
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	December 31, 2023 2022 Beginning balance $ 53,996 $ 63,423 Joint venture net income 130,550 215,470 Joint venture distribution (119,306 ) (216,897 ) Net realized investment losses - (8,000 ) Ending balance $ 65,240 $ 53,996
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 December 31, 2023 Financial assets Mortgage loans on real estate Commercial $ 15,572,913 $ 14,803,724 $ - $ - $ 14,803,724 Residential 224,258,534 196,514,414 - - 196,514,414 Policy loans 3,474,116 3,474,116 - - 3,474,116 Short-term investments 298,257 298,257 298,257 - - Other long-term investments 61,487,939 68,023,717 - - 68,023,717 Cash and cash equivalents 33,839,741 33,839,741 33,839,741 - - Accrued investment income 6,214,459 6,214,459 - - 6,214,459 Total financial assets $ 345,145,959 $ 323,168,428 $ 34,137,998 $ - $ 289,030,430 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 27,714,891 $ 27,714,891 $ - $ - $ 27,714,891 Less unearned interest on mortgage loans 133,010 133,010 - - 133,010 Cash and cash equivalents 711,733 711,733 711,733 - - Total financial assets held in trust under coinsurance agreement $ 28,293,614 $ 28,293,614 $ 711,733 $ - $ 27,581,881 Financial liabilities Policyholders' account balances $ 391,247,676 $ 344,806,580 $ - $ - $ 344,806,580 Policy claims 2,410,243 2,410,243 - - 2,410,243 Total financial liabilities $ 393,657,919 $ 347,216,823 $ - $ - $ 347,216,823 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

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, 2023
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Years Ended December 31, Residential Mortgage Loans Commercial Mortgage Loans Total 2023 2022 2023 2022 2023 2022 Allowance, beginning $ 1,030,424 $ 675,162 $ 90,024 $ 31,357 $ 1,120,448 $ 706,519 Charge offs - - - - - - Recoveries - - - - - - Provision 55,495 355,262 (11,841 ) 58,667 43,654 413,929 Allowance, ending $ 1,085,919 $ 1,030,424 $ 78,183 $ 90,024 $ 1,164,102 $ 1,120,448 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 1,085,919 $ 1,030,424 $ 78,183 $ 90,024 $ 1,164,102 $ 1,120,448 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 216,097,800 $ 205,054,480 $ 15,558,435 $ 17,914,750 $ 231,656,235 $ 222,969,230

Note 6 - Deferred Policy Acqu_2

Note 6 - Deferred Policy Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	2023 2022 Balance, beginning of year $ 56,183,785 $ 49,717,323 Capitalization of commissions, sales and issue expenses 13,476,834 13,734,859 Amortization (8,863,514 ) (7,280,457 ) Deferred acquisition costs allocated to investments (1,997 ) 12,060 Balance, end of year $ 60,795,108 $ 56,183,785

Note 7 - Federal Income Taxes (

Note 7 - Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended December 31, 2023 2022 Expected tax expense $ 2,113,114 $ 1,673,837 Future policy benefits 116,934 (45,901 ) Non taxable international losses 44,775 35,331 Adjustment of prior years' taxes 36,495 (77,434 ) Capital gains taxes 28,398 100,366 Net operating losses - 78,242 Difference in book versus tax basis of available-for-sale securities (3,341 ) (31,897 ) Unearned investment income (23,446 ) 110,215 Premium amortization (47,081 ) (65,439 ) Reinsurance recoverable (payable) (158,863 ) 20,273 Other 40,102 (11,644 ) Total income tax expense $ 2,147,087 $ 1,785,949
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2023 2022 Deferred tax liabilities: Deferred policy acquisition costs $ 10,880,652 $ 10,001,063 Value of insurance business acquired 793,244 850,102 Other liabilities 290,470 512,499 Reinsurance recoverable 260,169 237,092 Due premiums 104,257 85,369 Investment real estate 23,425 23,425 Available-for-sale fixed maturity securities - 16,520 Available-for-sale fixed equity securities 2,734 917 Other 12 60 Total deferred tax liabilities 12,354,963 11,727,047 Deferred tax assets: Policyholders' account balances and future policy benefits $ 5,027,661 $ 4,408,278 Net unrealized investment losses 2,562,880 3,806,498 Mortgage loans 241,819 232,646 Agents' balances 185,954 217,718 Cash equivalents - 206,305 Net operating loss carryforward - 157,094 Available-for-sale fixed maturity securities 76,016 - Unearned investment income 24,186 12,293 Dividend liability 8,258 8,804 Total deferred tax assets 8,126,774 9,049,636 Net deferred tax liabilities $ 4,228,189 $ 2,677,411

Note 8 - Reinsurance (Tables)

Note 8 - Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	2023 2022 Premiums assumed $ 9,272,154 $ 6,338,775 Commissions and expense allowances assumed 3,652,842 2,903,368 Benefits assumed 229,729 81,512 Reserve credits assumed 14,087,640 8,924,307 In force amount assumed 249,019,338 229,765,011 Premiums ceded 532,288 1,054,085 Commissions and expense allowances ceded 11,180 21,715 Benefits ceded 5,070,456 5,009,861 Reserve credits ceded 92,309,889 109,521,784 In force amount ceded 64,278,984 63,424,357

Note 11 - Segment Data (Tables)

Note 11 - Segment Data (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended December 31, 2023 2022 Revenues: Life insurance operations $ 46,859,649 $ 41,826,391 Annuity operations 24,531,347 21,351,816 Corporate operations 4,365,476 2,380,892 Total $ 75,756,472 $ 65,559,099 Income before income taxes: Life insurance operations $ 3,463,203 $ 3,139,886 Annuity operations 3,453,174 3,028,852 Corporate operations 3,146,071 1,801,914 Total $ 10,062,448 $ 7,970,652 Amortization expense: Life insurance operations $ 7,705,997 $ 6,417,370 Annuity operations 1,428,269 1,133,481 Total $ 9,134,266 $ 7,550,851
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2023 2022 Assets: Life insurance operations $ 164,653,497 $ 149,949,283 Annuity operations 495,979,724 505,990,810 Corporate operations 11,388,314 9,923,944 Total $ 672,021,535 $ 665,864,037

Note 14 - Other Comprehensive_2

Note 14 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 Balance as of January 1, 2023 $ (14,323,715 ) $ 4,036 $ (14,319,679 ) Cumulative effect adjustment as of January 1, 2023 Accumulated credit loss January 1, 2023 230,036 - 230,036 Other comprehensive income before reclassifications, net of tax 4,408,820 (1,578 ) 4,407,242 Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax (41,093 ) - (41,093 ) Other comprehensive income 4,449,913 (1,578 ) 4,448,335 Balance as of December 31, 2023 $ (9,643,766 ) $ 2,458 $ (9,641,308 ) 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 )
Comprehensive Income (Loss) [Table Text Block]	Income Tax Expense Pretax (Benefit) Net of Tax Year Ended December 31, 2023 Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 5,580,785 $ 1,171,965 $ 4,408,820 Reclassification adjustment for net losses included in operation (52,016 ) (10,923 ) (41,093 ) Net unrealized gains on investments 5,632,801 1,182,888 4,449,913 Adjustment to deferred acquisition costs (1,997 ) (419 ) (1,578 ) Total other comprehensive income $ 5,630,804 $ 1,182,469 $ 4,448,335 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 )
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Years Ended December 31, Reclassification Adjustments 2023 2022 Realized gains (losses) on sales of securities (a) $ (52,016 ) $ 861,782 Income tax expense (benefit) (b) (10,923 ) 180,974 Total reclassification adjustments $ (41,093 ) $ 680,808

Supplemental Disclosure - Cas_3

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities (Details Textual) - USD ($)		12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Jan. 04, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 764,967
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		$ 764,967	$ 0

Supplemental Disclosure - Cas_4

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities - Supplement Disclosures (Details)	Dec. 31, 2023 USD ($)
Reductions in mortgage loans due to foreclosure	$ 764,967
Investment real estate held-for-sale acquired through foreclosure	(764,967)
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, 2023	Dec. 31, 2022	Jan. 04, 2022
Cash provided in acquisition of Royalty Capital Life Insurance Company	$ 0	$ 3,525,749
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, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2004 USD ($)	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2012 USD ($) shares	Mar. 08, 2013 USD ($)	Mar. 08, 2013 USD ($) shares	Jan. 01, 2023 USD ($)	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%					100%
Finite-Lived Intangible Assets, Accumulated Amortization								$ 4,962,525	$ 4,691,773				$ 4,962,525
Present Value of Future Insurance Profits, Expected Amortization, Year One								169,840					169,840
Present Value of Future Insurance Profits, Expected Amortization, Year Two								152,011					152,011
Present Value of Future Insurance Profits, Expected Amortization, Year Three								157,225					157,225
Present Value of Future Insurance Profits, Expected Amortization, Year Four								148,123					148,123
Present Value of Future Insurance Profits, Expected Amortization, Year Five								$ 153,251					153,251
Common Stock Shares Allocated To Stockholders (in shares) | shares								9,470,277
Net Income (Loss) Attributable to Parent								$ 7,915,361	6,184,703
Retained Earnings (Accumulated Deficit)								$ 30,786,110	23,100,785				$ 30,786,110
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Retained Earnings (Accumulated Deficit)																	$ 230,036
Minimum [Member]
Liability for Policyholder Contract Deposits, Interest Rate								2.25%					2.25%
Policyholder Dividends, Rate on Policy Earnings								2.50%
Maximum [Member]
Liability for Policyholder Contract Deposits, Interest Rate								5%					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					3 years
Office Furniture, Equipment and Software [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)								10 years					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
Trinity American, Inc. ("TAI") [Member]
Business Combination, Consideration Transferred, Total			$ 250,000
Business Acquisition, Percentage of Voting Interests Acquired			100%
K-TENN Insurance Company ("K-TENN") [Member]
Business Combination, Consideration Transferred, Total		$ 1,746,240
Business Acquisition, Percentage of Voting Interests Acquired		100%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares		168,866
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total		$ 1,746,240
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				$ 0.01
Right To Receive Dividend Percentage													85%
Common Stock Shares Allocated To Stockholders (in shares) | shares								9,384,340
Net Income (Loss) Available to Common Stockholders, Basic								$ 7,843,534	$ 6,128,581
Weighted Average Number of Shares Outstanding, Basic (in shares) | shares								9,384,340	9,384,340
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				$ 0.01
Right To Receive Dividend Percentage								85%
Common Stock Shares Allocated To Stockholders (in shares) | shares								85,937
Net Income (Loss) Available to Common Stockholders, Basic								$ 71,827	$ 56,122
Weighted Average Number of Shares Outstanding, Basic (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								$ 7,915,361	$ 6,184,703
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%					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%					100%
Family Benefit Life Insurance Company [Member] | Trinity Life Insurance Company [Member]
Wholly Owned Subsidiary Ownership Percentage								100%					100%
First Trinity Capital Corporation [Member]
Wholly Owned Subsidiary Ownership Percentage								100%					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, 2023 USD ($) a	Dec. 31, 2023 USD ($) a	Dec. 31, 2022 USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 764,967
Number Of Loans Past Due	18	18	17
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 6,043,282	$ 6,043,282	$ 4,134,266
Past Due Loans, Term Past Due (Year)		90 years	90 years
Number of Mortgage Loans in Default	6	6	6
Mortgage Loans in Process of Foreclosure, Amount	$ 2,129,576	$ 2,129,576	$ 2,155,566
Allowance for Loan and Lease Losses, Real Estate	1,164,102	1,164,102	1,120,448
Real Estate Investments, Net, Total	1,305,403	1,305,403	540,436
Proceeds from Sale of Real Estate Held-for-investment, Total		0	200,080
Other Investments	61,487,939	61,487,939	67,500,783
Topeka Kansas [Member] | TLIC [Member] | Underdeveloped Land [Member]
Land	$ 409,436	$ 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	0.5
Jefferson City Missouri [Member] | FBLIC [Member] | Underdeveloped Land [Member]
Land	$ 131,000	$ 131,000
Independent Mortgage Loan Balances [Member]
Escrow Deposit	$ 890,915	$ 890,915	$ 753,648
Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	365	365	380
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	$ 12,665,019	$ 12,665,019	$ 18,173,700
Debt Securities, Available-for-Sale, Unrealized Loss Position	123,264,193	123,264,193	123,032,485
Amortized Cost of Debt Securities Available for Sale in an Unrealized Loss Position	$ 135,929,212	$ 135,929,212	$ 141,206,185
Fair Value to Cost Ratio	91%	91%	87%
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 764,967	$ 0
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 1,870	1,870	1,538
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate	224,258,534	224,258,534	223,984,194
Real Estate Investments, Net, Total			147,909
Gains (Losses) on Sales of Investment Real Estate			52,171
Proceeds from Sale of Real Estate Held-for-investment, Total			200,080
Residential Mortgage [Member] | Minimum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	286	$ 286	$ 634
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	1,650,000	$ 1,650,000	$ 2,125,911
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		16%	16.91%
Commercial Portfolio Segment [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate	15,572,913	$ 15,572,913	$ 18,329,934
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans		37	42
Commercial Portfolio Segment [Member] | Minimum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	14,478	$ 14,478	$ 14,515
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		5.50%	5.97%
Commercial Portfolio Segment [Member] | Maximum [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 1,493,157	$ 1,493,157	$ 1,498,063
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		10.51%	10.51%

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
US Treasury and Government [Member]
Available-for-sale securities at cost	$ 3,806,419	$ 2,097,558
Securities, gross unrealized gains	14,360	0
Securities, gross unrealized losses	22,495	42,993
Fixed maturity available-for-sale securities - fair value	3,798,284	2,054,565
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities at cost	9,773,549	4,966,770
Securities, gross unrealized gains	97,215	2,268
Securities, gross unrealized losses	338,894	408,717
Fixed maturity available-for-sale securities - fair value	9,531,870	4,560,321
Commercial Mortgage-Backed Securities [Member]
Available-for-sale securities at cost	10,629,003	10,608,213
Securities, gross unrealized gains	0	0
Securities, gross unrealized losses	2,157,465	2,274,575
Fixed maturity available-for-sale securities - fair value	8,471,538	8,333,638
Residential Mortgage-Backed Securities [Member]
Available-for-sale securities at cost	9,986	10,550
Securities, gross unrealized gains	4,328	4,700
Securities, gross unrealized losses	0	0
Fixed maturity available-for-sale securities - fair value	14,314	15,250
Corporate Debt Securities [Member]
Available-for-sale securities at cost	85,901,454	88,394,563
Securities, gross unrealized gains	65,239	35,464
Securities, gross unrealized losses	6,625,386	10,317,890
Fixed maturity available-for-sale securities - fair value	79,341,307	78,112,137
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale securities at cost	10,097,479
Securities, gross unrealized gains	208,985
Securities, gross unrealized losses	0
Fixed maturity available-for-sale securities - fair value	10,306,464
Asset-Backed Securities [Member]
Available-for-sale securities at cost	12,466,601	9,538,593
Securities, gross unrealized gains	43,424	0
Securities, gross unrealized losses	1,017,529	1,539,164
Fixed maturity available-for-sale securities - fair value	11,492,496	7,999,429
Exchange-traded Debt Securities [Member]
Available-for-sale securities at cost	882,631	682,280
Securities, gross unrealized gains	0	0
Securities, gross unrealized losses	406,631	215,080
Fixed maturity available-for-sale securities - fair value	476,000	467,200
Debt Security, Government, Non-US [Member]
Available-for-sale securities at cost	27,091,108	26,995,631
Securities, gross unrealized gains	24,186	0
Securities, gross unrealized losses	1,902,619	3,225,551
Fixed maturity available-for-sale securities - fair value	25,212,675	23,770,080
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	194,000	148,800
Fixed maturity available-for-sale securities - fair value	1,056,000	1,101,200
Certificates of Deposit [Member]
Available-for-sale securities at cost		200,000
Securities, gross unrealized gains		0
Securities, gross unrealized losses		930
Fixed maturity available-for-sale securities - fair value		199,070
Debt Securities [Member]
Available-for-sale securities at cost	161,908,230	144,744,158
Securities, gross unrealized gains	457,737	42,432
Securities, gross unrealized losses	12,665,019	18,173,700
Fixed maturity available-for-sale securities - fair value	149,700,948	126,612,890
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities at cost	56,824,160	63,649,991
Securities, gross unrealized gains	53,496	8,224
Securities, gross unrealized losses	5,226,397	7,449,175
Fixed maturity available-for-sale securities - fair value	$ 51,651,259	$ 56,209,040

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
US Government Agencies Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 231,010	$ 1,760,073
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 100	$ 37,231
Securities in an unrealized loss position, less than twelve months, number	1	2
Securities in an unrealized loss position, more than twelve months, fair value	$ 1,876,612
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 22,395
Securities in an unrealized loss position, more than twelve months, number	3
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 120,734	$ 3,325,252
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 588	$ 301,788
Securities in an unrealized loss position, less than twelve months, number	1	20
Securities in an unrealized loss position, more than twelve months, fair value	$ 4,411,017	$ 766,424
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 338,306	$ 106,929
Securities in an unrealized loss position, more than twelve months, number	21	3
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 3,762,988	$ 69,451,263
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 78,589	$ 8,733,104
Securities in an unrealized loss position, less than twelve months, number	14	216
Securities in an unrealized loss position, more than twelve months, fair value	$ 72,550,042	$ 6,314,364
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 6,546,797	$ 1,584,786
Securities in an unrealized loss position, more than twelve months, number	214	20
Commercial Mortgage-Backed Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 8,471,538	$ 5,863,255
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 2,157,465	$ 1,387,792
Securities in an unrealized loss position, less than twelve months, number	24	17
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
Debt Security, Government, Non-US [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 502,835	$ 21,766,704
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 8,573	$ 2,785,419
Securities in an unrealized loss position, less than twelve months, number	2	61
Securities in an unrealized loss position, more than twelve months, fair value	$ 23,164,587	$ 2,003,376
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 1,894,046	$ 440,132
Securities in an unrealized loss position, more than twelve months, number	61	6
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 4,617,567	$ 107,408,203
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 87,850	$ 14,136,582
Securities in an unrealized loss position, less than twelve months, number	18	329
Securities in an unrealized loss position, more than twelve months, fair value	$ 118,646,626	$ 15,624,282
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 12,577,169	$ 4,037,118
Securities in an unrealized loss position, more than twelve months, number	347	51
Securities in an unrealized loss position, fair value	$ 123,264,193	$ 123,032,485
Securities in an unrealized loss position, unrealized loss	$ 12,665,019	$ 18,173,700
Securities in an unrealized loss position, number	365	380
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 1,400,820	$ 49,918,808
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 5,810	$ 5,679,624
Securities in an unrealized loss position, less than twelve months, number	7	231
Securities in an unrealized loss position, more than twelve months, fair value	$ 47,082,945	$ 5,524,318
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 5,220,587	$ 1,769,551
Securities in an unrealized loss position, more than twelve months, number	180	21
Securities in an unrealized loss position, fair value	$ 48,483,765	$ 55,443,126
Securities in an unrealized loss position, unrealized loss	$ 5,226,397	$ 7,449,175
Securities in an unrealized loss position, number	187	252
Asset-Backed Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 7,390,830	$ 5,042,586
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,017,529	$ 890,318
Securities in an unrealized loss position, less than twelve months, number	20	12
Securities in an unrealized loss position, more than twelve months, fair value		$ 2,956,843
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 648,846
Securities in an unrealized loss position, more than twelve months, number		9
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
US Government Corporations and Agencies Securities [Member]
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
Exchange-traded Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 476,000	$ 467,200
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 406,631	$ 215,080
Securities in an unrealized loss position, less than twelve months, number	2	2
Redeemable Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 306,000	$ 351,200
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 194,000	$ 148,800
Securities in an unrealized loss position, less than twelve months, number	2	2

Note 2 - Investments - Change i

Note 2 - Investments - Change in Estimate of Credit Losses (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Beginning balance	$ 0
Current estimate of credit losses	(139,285)
Ending balance	(430,470)
Cumulative Effect, Period of Adoption, Adjustment [Member]
Beginning balance	$ (291,185)

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Unrealized depreciation on available-for-sale securities	$ (12,207,282)	$ (18,131,268)
Adjustment to deferred acquisition costs	3,094	5,091
Deferred income taxes	2,562,880	3,806,498
Net unrealized depreciation on available-for-sale securities	(9,641,308)	(14,319,679)
Trinity Life Insurance Company [Member]
Unrealized depreciation on available-for-sale securities	$ (5,172,901)	$ (7,440,951)

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details) - Fixed Maturities [Member]	Dec. 31, 2023 USD ($)
Due in one year or less - amortized cost	$ 3,303,802
Due in one year or less - fair value	3,370,422
Due in one year through five years	31,689,156
Due in one year through five years	30,411,513
Due after five years through ten years - amortized cost	24,768,591
Due after five years through ten years - fair value	23,731,965
Due after ten years - amortized cost	90,257,692
Due after ten years - fair value	82,645,196
Due at multiple maturity dates - amortized cost	11,888,989
Due at multiple maturity dates - fair value	9,541,852
Fixed maturity available-for-sale securities - amortized cost	161,908,230
Fixed maturity available-for-sale securities - fair value	149,700,948
Trinity Life Insurance Company [Member]
Due in one year or less - amortized cost	1,183,080
Due in one year or less - fair value	1,177,915
Due in one year through five years	27,579,589
Due in one year through five years	27,071,969
Due after five years through ten years - amortized cost	8,120,483
Due after five years through ten years - fair value	7,893,466
Due after ten years - amortized cost	16,827,762
Due after ten years - fair value	12,909,324
Due at multiple maturity dates - amortized cost	3,113,246
Due at multiple maturity dates - fair value	2,598,585
Fixed maturity available-for-sale securities - amortized cost	56,824,160
Fixed maturity available-for-sale securities - fair value	$ 51,651,259

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Mortgages [Member]
Proceeds from sale, maturity, or collection of investments	$ 132,634,814	$ 118,132,864
Gross realized gains on sale of investments	2,496	0
Gross realized losses on sale of investments	0	0
Preferred Stock [Member]
Proceeds from sale, maturity, or collection of investments	0	16,308,664
Gross realized gains on sale of investments	0	0
Gross realized losses on sale of investments	0	(422,578)
Fixed Maturities [Member]
Proceeds from sale, maturity, or collection of investments	5,287,601	58,393,624
Gross realized gains on sale of investments	265,625	1,230,951
Gross realized losses on sale of investments	(317,641)	(369,169)
Equity Securities [Member]
Proceeds from sale, maturity, or collection of investments	0	0
Gross realized gains on sale of investments	0	0
Gross realized losses on sale of investments	0	(8,000)
Real Estate Investment [Member]
Proceeds from sale, maturity, or collection of investments	0	200,080
Gross realized gains on sale of investments	0	55,867
Gross realized losses on sale of investments	$ 0	$ (3,696)

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Change in unrealized investment gains (losses)	$ 4,449,913	$ (27,533,034)
Gross Investment income	34,136,372	29,536,445
Investment expenses	(2,481,051)	(3,315,273)
Net investment income	31,655,321	26,221,172
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	5,632,801	(34,851,942)
Net realized investment gains (losses)	(52,016)	861,782
Fixed maturity securities credit losses	(139,285)	0
Gross Investment income	6,550,360	7,061,501
Fixed Maturities [Member] | Trinity Life Insurance Company [Member]
Change in unrealized investment gains (losses)	2,268,050	(10,918,940)
Equity Securities [Member]
Fixed maturity securities credit losses	8,653	60,842
Equity securities, sale of securities	0	(8,000)
Gross Investment income	118,780	211,290
Other Long-Term Investments [Member]
Net realized investment gains (losses)	0	(422,578)
Gross Investment income	4,948,734	4,975,205
Mortgages [Member]
Net realized investment gains (losses)	2,496	0
Gross Investment income	19,678,014	16,850,320
Policy Loans [Member]
Gross Investment income	240,385	194,814
Short-Term Investments [Member]
Gross Investment income	2,600,099	243,315
Real Estate Investment [Member]
Net realized investment gains (losses)	$ 0	$ 52,171

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 239,831,447	$ 242,314,128
Mortgage loans on real estate, percentage	100%	100%
Mortgage loan allowance and unamortized origination fees	$ (1,164,102)	$ (1,120,448)
Mortgage loan allowance, percentage	(0.49%)	(0.46%)
Trinity Life Insurance Company [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 27,581,881	$ 31,028,575
Less unearned interest on mortgage loans	133,010	48,308
Total mortgage loans held in trust under coinsurance agreement	27,581,881	31,028,575
Alabama [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 516,657	$ 1,631,291
Mortgage loans on real estate, percentage	0.22%	0.67%
Arizona1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 2,564,148	$ 1,095,402
Mortgage loans on real estate, percentage	1.07%	0.45%
Arkansas [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 792,495	$ 736,037
Mortgage loans on real estate, percentage	0.33%	0.30%
California1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 15,612,618	$ 13,811,582
Mortgage loans on real estate, percentage	6.51%	5.70%
Colorado1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 1,420,410	$ 1,536,180
Mortgage loans on real estate, percentage	0.59%	0.63%
CONNECTICUT
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 1,301,749	$ 2,882,731
Mortgage loans on real estate, percentage	0.54%	1.19%
Delaware [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 360,334	$ 155,840
Mortgage loans on real estate, percentage	0.15%	0.06%
DISTRICT OF COLUMBIA
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 53,031	$ 53,653
Mortgage loans on real estate, percentage	0.02%	0.02%
FLORIDA
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 88,891,627	$ 94,748,560
Mortgage loans on real estate, percentage	37.07%	39.11%
Georgia1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 6,302,274	$ 7,314,430
Mortgage loans on real estate, percentage	2.63%	3.02%
HAWAII
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 473,360	$ 0
Mortgage loans on real estate, percentage	0.20%	0%
IDAHO
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 115,286	$ 0
Mortgage loans on real estate, percentage	0.05%	0%
Illinois1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 2,562,076	$ 2,634,689
Mortgage loans on real estate, percentage	1.07%	1.09%
Indiana1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 622,476	$ 335,817
Mortgage loans on real estate, percentage	0.26%	0.14%
KANSAS
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 153,307	$ 251,815
Mortgage loans on real estate, percentage	0.06%	0.10%
Kentucky1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 192,485	$ 0
Mortgage loans on real estate, percentage	0.08%	0%
Louisiana1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 177,027	$ 189,335
Mortgage loans on real estate, percentage	0.07%	0.08%
Maine [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 118,911	$ 200,056
Mortgage loans on real estate, percentage	0.05%	0.08%
Maryland [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 1,357,240	$ 1,285,510
Mortgage loans on real estate, percentage	0.57%	0.53%
Massachusetts1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 1,858,981	$ 2,580,335
Mortgage loans on real estate, percentage	0.78%	1.06%
MICHIGAN
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 591,204	$ 363,570
Mortgage loans on real estate, percentage	0.25%	0.15%
Minnesota1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 908,114	$ 922,025
Mortgage loans on real estate, percentage	0.38%	0.38%
Mississippi [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 54,560	$ 0
Mortgage loans on real estate, percentage	0.02%	0%
Missouri1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 4,233,592	$ 3,505,416
Mortgage loans on real estate, percentage	1.77%	1.45%
NEVADA
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 696,957	$ 469,713
Mortgage loans on real estate, percentage	0.29%	0.19%
NEW JERSEY
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 12,610,602	$ 15,465,715
Mortgage loans on real estate, percentage	5.26%	6.38%
NEW MEXICO
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 79,122	$ 79,815
Mortgage loans on real estate, percentage	0.03%	0.03%
NEW YORK
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 28,845,873	$ 24,960,742
Mortgage loans on real estate, percentage	12.03%	10.30%
North Carolina [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 4,250,466	$ 5,975,930
Mortgage loans on real estate, percentage	1.77%	2.47%
OHIO
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 10,048,860	$ 8,230,523
Mortgage loans on real estate, percentage	4.19%	3.40%
OKLAHOMA
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 438,268	$ 739,753
Mortgage loans on real estate, percentage	0.18%	0.31%
OREGON
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 648,535	$ 459,193
Mortgage loans on real estate, percentage	0.27%	0.19%
Pennsylvania1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 1,904,171	$ 1,477,938
Mortgage loans on real estate, percentage	0.79%	0.61%
RHODE ISLAND
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 232,866	$ 235,713
Mortgage loans on real estate, percentage	0.10%	0.10%
South Carolina [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 1,227,942	$ 682,167
Mortgage loans on real estate, percentage	0.51%	0.28%
Tennessee [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 3,863,355	$ 1,865,345
Mortgage loans on real estate, percentage	1.61%	0.77%
TEXAS
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 40,130,295	$ 43,134,683
Mortgage loans on real estate, percentage	16.73%	17.80%
UTAH
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 409,443	$ 134,668
Mortgage loans on real estate, percentage	0.17%	0.06%
VERMONT
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 200,295	$ 208,045
Mortgage loans on real estate, percentage	0.08%	0.09%
Virginia1 [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 2,307,904	$ 2,013,668
Mortgage loans on real estate, percentage	0.96%	0.83%
WASHINGTON
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 1,320,541	$ 517,963
Mortgage loans on real estate, percentage	0.55%	0.21%
WISCONSIN
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 499,987	$ 502,127
Mortgage loans on real estate, percentage	0.21%	0.21%
WEST VIRGINIA
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 46,105	$ 46,601
Mortgage loans on real estate, percentage	0.02%	0.02%
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 224,258,534	$ 223,984,194
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	15,572,913	18,329,934
Commercial Portfolio Segment [Member] | Trinity Life Insurance Company [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	27,714,891	31,076,883
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	1,267,264	1,999,438
Commercial Portfolio Segment [Member] | Agriculture [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	986,207	994,691
Commercial Portfolio Segment [Member] | Apartment Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	3,108,829	3,625,533
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	24,727	268,741
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	5,652,487	5,681,946
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 4,533,399	$ 5,759,585

Note 2 - Investments - Mortga_2

Note 2 - Investments - Mortgage Loan to Value Ratios (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Mortgage loans on real estate	$ 239,831,447	$ 242,314,128
Residential Portfolio Segment [Member]
Mortgage loans on real estate	224,258,534	223,984,194
Residential Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	75,718,654	72,013,555
Residential Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	65,525,308	67,780,388
Residential Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	38,548,660	36,929,025
Residential Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	22,283,148	20,100,407
Residential Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	10,056,308	13,143,773
Residential Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	7,929,094	8,898,731
Residential Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	3,178,001	3,976,357
Residential Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	1,019,361	1,141,958
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	15,572,913	18,329,934
Commercial Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	2,099,950	3,287,048
Commercial Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	2,958,186	3,033,504
Commercial Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	1,809,817	1,839,272
Commercial Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	2,394,557	1,272,088
Commercial Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	3,817,212	5,123,894
Commercial Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	463,856	733,238
Commercial Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	1,714,394	3,040,890
Commercial Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	314,941	0
Mortgage Loans on Real Estate [Member]
Mortgage loans on real estate	239,831,447	242,314,128
Mortgage Loans on Real Estate [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	77,818,604	75,300,603
Mortgage Loans on Real Estate [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	68,483,494	70,813,892
Mortgage Loans on Real Estate [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	40,358,477	38,768,297
Mortgage Loans on Real Estate [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	24,677,705	21,372,495
Mortgage Loans on Real Estate [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	13,873,520	18,267,667
Mortgage Loans on Real Estate [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	8,392,950	9,631,969
Mortgage Loans on Real Estate [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	4,892,395	7,017,247
Mortgage Loans on Real Estate [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	$ 1,334,302	$ 1,141,958

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Investment real estate	$ 1,305,403	$ 540,436
Land Held for Sale [Member]
Investment real estate	540,436	540,436
Residential Real Estate - Held for Sale [Member]
Investment real estate	$ 764,967	$ 0

Note 2 - Investments - Lottery

Note 2 - Investments - Lottery Prize Cash Flows, by Contractual Maturity (Details) - Lottery Prize Cash Flows [Member]	Dec. 31, 2023 USD ($)
Due in one year or less, amortized cost	$ 13,606,873
Due in one year or less, fair value	13,827,135
Due in one year through five years, amortized cost	32,445,768
Due in one year through five years, fair value	34,786,621
Due after five years through ten years, amortized cost	10,536,206
Due after five years through ten years, fair value	12,493,922
Due after ten years, amortized cost	4,899,092
Due after ten years, fair value	6,916,039
Due, amortized cost	61,487,939
Due, fair value	$ 68,023,717

Note 2 - Investments - Lotter_2

Note 2 - Investments - Lottery Prize Cash Flows, by State Lottery (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Other Investments	$ 61,487,939	$ 67,500,783
Other investments, percentage	100%	100%
Arizona1 [Member]
Other Investments	$ 301,299	$ 343,698
Other investments, percentage	0.49%	0.51%
California1 [Member]
Other Investments	$ 7,327,724	$ 7,891,340
Other investments, percentage	11.92%	11.69%
Connecticut1 [Member]
Other Investments	$ 2,285,266	$ 2,334,369
Other investments, percentage	3.72%	3.46%
Florida1 [Member]
Other Investments	$ 529,803	$ 851,727
Other investments, percentage	0.86%	1.26%
Georgia1 [Member]
Other Investments	$ 3,947,186	$ 5,249,187
Other investments, percentage	6.42%	7.78%
Illinois1 [Member]
Other Investments	$ 2,587,537	$ 1,422,002
Other investments, percentage	4.21%	2.11%
Indiana1 [Member]
Other Investments	$ 4,229,571	$ 4,852,536
Other investments, percentage	6.88%	7.19%
Maine [Member]
Other Investments	$ 0	$ 40,686
Other investments, percentage	0%	0.06%
Massachusetts1 [Member]
Other Investments	$ 13,632,982	$ 14,736,084
Other investments, percentage	22.17%	21.83%
Michigan1 [Member]
Other Investments	$ 190,457	$ 210,900
Other investments, percentage	0.31%	0.31%
Missouri1 [Member]
Other Investments	$ 62,782	$ 73,107
Other investments, percentage	0.10%	0.11%
New Jersey1 [Member]
Other Investments	$ 68,823	$ 99,031
Other investments, percentage	0.11%	0.15%
New York1 [Member]
Other Investments	$ 19,004,811	$ 20,785,835
Other investments, percentage	30.90%	30.78%
Ohio1 [Member]
Other Investments	$ 3,755,995	$ 4,092,128
Other investments, percentage	6.11%	6.06%
OREGON
Other Investments	$ 29,272	$ 42,158
Other investments, percentage	0.05%	0.06%
Pennsylvania1 [Member]
Other Investments	$ 935,798	$ 1,522,210
Other investments, percentage	1.52%	2.26%
Texas1 [Member]
Other Investments	$ 1,774,744	$ 1,997,313
Other investments, percentage	2.89%	2.96%
VIRGINIA
Other Investments	$ 17,774	$ 33,506
Other investments, percentage	0.03%	0.05%
VERMONT
Other Investments	$ 550,235	$ 658,585
Other investments, percentage	0.89%	0.98%
Washington [Member]
Other Investments	$ 255,880	$ 264,381
Other investments, percentage	0.42%	0.39%

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements - Fair Value Measured on a Recurring Basis (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Recurring [Member]
Equity securities	$ 419,530	$ 399,633
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	304,064	297,727
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	50,226	47,910
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	65,240	53,996
US Treasury and Government [Member]
Fixed maturity available-for-sale securities - fair value	3,798,284	2,054,565
Available-for-sale fixed maturity securities at fair value	3,798,284	2,054,565
US Treasury and Government [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	3,798,284	2,054,565
Available-for-sale fixed maturity securities at fair value	3,798,284	2,054,565
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	3,798,284	2,054,565
Available-for-sale fixed maturity securities at fair value	3,798,284	2,054,565
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
US States and Political Subdivisions Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	9,531,870	4,560,321
Available-for-sale fixed maturity securities at fair value	9,531,870	4,560,321
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	9,531,870	4,560,321
Available-for-sale fixed maturity securities at fair value	9,531,870	4,560,321
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	9,531,870	4,560,321
Available-for-sale fixed maturity securities at fair value	9,531,870	4,560,321
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fixed maturity available-for-sale securities - fair value	10,306,464
Available-for-sale fixed maturity securities at fair value	10,306,464
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	10,306,464
Available-for-sale fixed maturity securities at fair value	10,306,464
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0
Available-for-sale fixed maturity securities at fair value	0
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	10,306,464
Available-for-sale fixed maturity securities at fair value	10,306,464
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0
Available-for-sale fixed maturity securities at fair value	0
Commercial Mortgage-Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	8,471,538	8,333,638
Available-for-sale fixed maturity securities at fair value	8,471,538	8,333,638
Commercial Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	8,471,538	8,333,638
Available-for-sale fixed maturity securities at fair value	8,471,538	8,333,638
Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	8,471,538	8,333,638
Available-for-sale fixed maturity securities at fair value	8,471,538	8,333,638
Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Residential Mortgage-Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	14,314	15,250
Available-for-sale fixed maturity securities at fair value	14,314	15,250
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	14,314	15,250
Available-for-sale fixed maturity securities at fair value	14,314	15,250
Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	14,314	15,250
Available-for-sale fixed maturity securities at fair value	14,314	15,250
Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Corporate Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	79,341,307	78,112,137
Available-for-sale fixed maturity securities at fair value	79,341,307	78,112,137
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	79,341,307	78,112,137
Available-for-sale fixed maturity securities at fair value	79,341,307	78,112,137
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	79,341,307	78,112,137
Available-for-sale fixed maturity securities at fair value	79,341,307	78,112,137
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Asset-Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	11,492,496	7,999,429
Available-for-sale fixed maturity securities at fair value	11,492,496	7,999,429
Asset-Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	11,492,496	7,999,429
Available-for-sale fixed maturity securities at fair value	11,492,496	7,999,429
Asset-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Asset-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	11,492,496	7,999,429
Available-for-sale fixed maturity securities at fair value	11,492,496	7,999,429
Asset-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Exchange-traded Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	476,000	467,200
Available-for-sale fixed maturity securities at fair value	476,000	467,200
Exchange-traded Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	476,000	467,200
Available-for-sale fixed maturity securities at fair value	476,000	467,200
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	476,000	467,200
Available-for-sale fixed maturity securities at fair value	476,000	467,200
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Debt Security, Government, Non-US [Member]
Fixed maturity available-for-sale securities - fair value	25,212,675	23,770,080
Available-for-sale fixed maturity securities at fair value	25,212,675	23,770,080
Debt Security, Government, Non-US [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	25,212,675	23,770,080
Available-for-sale fixed maturity securities at fair value	25,212,675	23,770,080
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	25,212,675	23,770,080
Available-for-sale fixed maturity securities at fair value	25,212,675	23,770,080
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Redeemable Preferred Stock [Member]
Fixed maturity available-for-sale securities - fair value	1,056,000	1,101,200
Available-for-sale fixed maturity securities at fair value	1,056,000	1,101,200
Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,056,000	1,101,200
Available-for-sale fixed maturity securities at fair value	1,056,000	1,101,200
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,056,000	1,101,200
Available-for-sale fixed maturity securities at fair value	1,056,000	1,101,200
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Certificates of Deposit [Member]
Fixed maturity available-for-sale securities - fair value		199,070
Available-for-sale fixed maturity securities at fair value		199,070
Certificates of Deposit [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value		199,070
Available-for-sale fixed maturity securities at fair value		199,070
Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value		0
Available-for-sale fixed maturity securities at fair value		0
Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value		199,070
Available-for-sale fixed maturity securities at fair value		199,070
Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value		0
Available-for-sale fixed maturity securities at fair value		0
Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	149,700,948	126,612,890
Available-for-sale fixed maturity securities at fair value	149,700,948	126,612,890
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	51,651,259	56,209,040
Available-for-sale fixed maturity securities at fair value	51,651,259	56,209,040
Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	149,700,948	126,612,890
Available-for-sale fixed maturity securities at fair value	149,700,948	126,612,890
Debt Securities [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	51,651,259	56,209,040
Available-for-sale fixed maturity securities at fair value	51,651,259	56,209,040
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	149,700,948	126,612,890
Available-for-sale fixed maturity securities at fair value	149,700,948	126,612,890
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	51,651,259	56,209,040
Available-for-sale fixed maturity securities at fair value	51,651,259	56,209,040
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Available-for-sale fixed maturity securities at fair value	0	0
Mutual Fund [Member] | Fair Value, Recurring [Member]
Equity securities	50,226	47,910
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	50,226	47,910
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	369,304	351,723
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	304,064	297,727
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	$ 65,240	$ 53,996

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, 2023	Dec. 31, 2022
Beginning balance	$ 53,996	$ 63,423
Joint venture net income	130,550	215,470
Joint venture distribution	(119,306)	(216,897)
Net realized investment losses	0	(8,000)
Ending balance	$ 65,240	$ 53,996

Note 3 - Fair Value Measureme_5

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Policy loans	$ 3,474,116	$ 2,840,887
Accrued investment income	6,214,459	5,580,175
Policy claims	2,410,243	2,541,088
Trinity Life Insurance Company [Member]
Less unearned interest on mortgage loans	133,010	48,308
Reported Value Measurement [Member]
Policy loans	3,474,116	2,840,887
Short-term investments	298,257	1,860,578
Other long-term investments	61,487,939	67,500,783
Cash and cash equivalents	33,839,741	33,542,725
Accrued investment income	6,214,459	5,580,175
Total financial assets	345,145,959	353,639,276
Policyholders' account balances	391,247,676	391,359,944
Policy claims	2,410,243	2,541,088
Total financial liabilities	393,657,919	393,901,032
Reported Value Measurement [Member] | Trinity Life Insurance Company [Member]
Short-term investments		982,404
Cash and cash equivalents	711,733	3,813,750
Total financial assets	28,293,614	35,824,729
Less unearned interest on mortgage loans	133,010	48,308
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	15,572,913	18,329,934
Reported Value Measurement [Member] | Commercial [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	27,714,891	31,076,883
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	224,258,534	223,984,194
Estimate of Fair Value Measurement [Member]
Policy loans	3,474,116	2,840,887
Short-term investments	298,257	1,860,578
Other long-term investments	68,023,717	74,155,822
Cash and cash equivalents	33,839,741	33,542,725
Accrued investment income	6,214,459	5,580,175
Total financial assets	323,168,428	337,850,118
Policyholders' account balances	344,806,580	359,044,740
Policy claims	2,410,243	2,541,088
Total financial liabilities	347,216,823	361,585,828
Estimate of Fair Value Measurement [Member] | Trinity Life Insurance Company [Member]
Short-term investments		982,404
Cash and cash equivalents	711,733	3,813,750
Total financial assets	28,293,614	35,824,729
Less unearned interest on mortgage loans	133,010	48,308
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans	0	0
Short-term investments	298,257	1,860,578
Other long-term investments	0	0
Cash and cash equivalents	33,839,741	33,542,725
Accrued investment income	0	0
Total financial assets	34,137,998	35,403,303
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	711,733	3,813,750
Total financial assets	711,733	4,796,154
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	3,474,116	2,840,887
Short-term investments	0	0
Other long-term investments	68,023,717	74,155,822
Cash and cash equivalents	0	0
Accrued investment income	6,214,459	5,580,175
Total financial assets	289,030,430	302,446,815
Policyholders' account balances	344,806,580	359,044,740
Policy claims	2,410,243	2,541,088
Total financial liabilities	347,216,823	361,585,828
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	27,581,881	31,028,575
Less unearned interest on mortgage loans	133,010	48,308
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	14,803,724	17,393,284
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	27,714,891	31,076,883
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	14,803,724	17,393,284
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 3 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	27,714,891	31,076,883
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	196,514,414	202,476,647
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 2 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	$ 196,514,414	$ 202,476,647

Note 4 - Special Deposits (Deta

Note 4 - Special Deposits (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deposit Assets	$ 4,609,927	$ 4,634,898
Other Assets, Fair Value Disclosure	$ 4,596,130	$ 4,590,193

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, 2023	Dec. 31, 2022
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 239,831,447	$ 242,314,128
Financing Receivable, Collectively Evaluated for Impairment	231,656,235	222,969,230
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Loss		1,120,448
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	890,915	753,648
Escrow Amount Available	850,039	656,924
Advances To Loan Originator	4,487,715	4,743,041
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	40,876	96,724
Mortgage Loans on Real Estate, Commercial and Consumer, Net	8,175,212	19,344,898
Financing Receivable, Allowance for Credit Loss	1,164,102
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member] | Related Parties [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	2,040,000
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Additional Amount	960,000
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member] | Related Parties [Member] | Maximum [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	3
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 8,175,212	$ 19,344,898

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, 2023	Dec. 31, 2022
Financing Receivable, Collectively Evaluated for Impairment	$ 231,656,235	$ 222,969,230
Residential Portfolio Segment [Member]
Allowance, beginning	1,030,424	675,162
Charge offs	0	0
Recoveries	0	0
Provision	55,495	355,262
Allowance, ending	1,085,919	1,030,424
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,085,919	1,030,424
Individually evaluated for reserve allowance	0	0
Financing Receivable, Collectively Evaluated for Impairment	216,097,800	205,054,480
Commercial Portfolio Segment [Member]
Allowance, beginning	90,024	31,357
Charge offs	0	0
Recoveries	0	0
Provision	(11,841)	58,667
Allowance, ending	78,183	90,024
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	78,183	90,024
Individually evaluated for reserve allowance	0	0
Financing Receivable, Collectively Evaluated for Impairment	15,558,435	17,914,750
Premium Finance Loans [Member]
Allowance, beginning	1,120,448	706,519
Charge offs	0	0
Recoveries	0	0
Provision	43,654	413,929
Allowance, ending	1,164,102	1,120,448
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,164,102	1,120,448
Individually evaluated for reserve allowance	0	0
Financing Receivable, Collectively Evaluated for Impairment	$ 231,656,235	$ 222,969,230

Note 6 - Deferred Policy Acqu_3

Note 6 - Deferred Policy Acquisition Costs - Deferred Acquisition Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance, beginning of year	$ 56,183,785	$ 49,717,323
Capitalization of commissions, sales and issue expenses	13,476,834	13,734,859
Amortization	(8,863,514)	(7,280,457)
Deferred acquisition costs allocated to investments	(1,997)	12,060
Balance, end of year	$ 60,795,108	$ 56,183,785

Note 7 - Federal Income Taxes_2

Note 7 - Federal Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%
Operating Loss Carryforwards	$ 0
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ (748,067)	$ (1,822,633)
TLIC [Member]
Operating Loss Carryforwards		$ 685,110

Note 7 - Federal Income Taxes -

Note 7 - Federal Income Taxes - Reconciliation of Federal Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Expected tax expense	$ 2,113,114	$ 1,673,837
Future policy benefits	116,934	(45,901)
Non taxable international losses	44,775	35,331
Adjustment of prior years' taxes	36,495	(77,434)
Capital gains taxes	28,398	100,366
Net operating losses	0	78,242
Difference in book versus tax basis of available-for-sale securities	(3,341)	(31,897)
Unearned investment income	(23,446)	110,215
Premium amortization	(47,081)	(65,439)
Reinsurance recoverable (payable)	(158,863)	20,273
Other	40,102	(11,644)
Total federal income tax expense	$ 2,147,087	$ 1,785,949

Note 7 - Federal Income Taxes_3

Note 7 - Federal Income Taxes - Deferred Taxes (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred tax liabilities:
Deferred policy acquisition costs	$ 10,880,652	$ 10,001,063
Value of insurance business acquired	793,244	850,102
Other liabilities	290,470	512,499
Reinsurance recoverable	260,169	237,092
Due premiums	104,257	85,369
Investment real estate	23,425	23,425
Available-for-sale fixed maturity securities	0	16,520
Available-for-sale fixed equity securities	2,734	917
Other	12	60
Total deferred tax liabilities	12,354,963	11,727,047
Deferred tax assets:
Policyholders' account balances and future policy benefits	5,027,661	4,408,278
Net unrealized investment losses	2,562,880	3,806,498
Mortgage loans	241,819	232,646
Agents' balances	185,954	217,718
Cash equivalents	0	206,305
Net operating loss carryforward	0	157,094
Available-for-sale fixed maturity securities	76,016	0
Unearned investment income	24,186	12,293
Dividend liability	8,258	8,804
Total deferred tax assets	8,126,774	9,049,636
Net deferred tax liabilities	$ 4,228,189	$ 2,677,411

Note 8 - Reinsurance (Details T

Note 8 - Reinsurance (Details Textual) - USD ($)	Dec. 31, 2023	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, 2023	Dec. 31, 2022
Premiums assumed	$ 9,272,154	$ 6,338,775
Commissions and expense allowances assumed	3,652,842	2,903,368
Benefits assumed	229,729	81,512
Reserve credits assumed	14,087,640	8,924,307
In force amount assumed	249,019,338	229,765,011
Premiums ceded	532,288	1,054,085
Commissions and expense allowances ceded	11,180	21,715
Benefits ceded	5,070,456	5,009,861
Reserve credits ceded	92,309,889	109,521,784
In force amount ceded	$ 64,278,984	$ 63,424,357

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) - Office Space [Member] - Topeka Kansas [Member]	12 Months Ended
	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($)	Oct. 01, 2015 USD ($) ft²
Area of Real Estate Property (Square Foot) | ft²	7,302		6,769
Operating Lease, Expense	$ 111,755	$ 105,494
Operating Leases, Leasehold Improvement, Allowance	77,000		$ 54,152
Operating Leases, Leasehold Improvement, Allowance Amortization	11,000	$ 11,000
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, 2023	Dec. 31, 2022
Statutory Accounting Practices, Statutory Net Income Amount	$ 1,027,432	$ 679,295
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	$ 13,735,110	12,377,689
Maximum Dividend Percent	10%
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments	$ 1,373,511
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	(249,030)	2,765,732
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	17,980,111	15,593,424
Statutory Accounting Practices, Unassigned Surplus, Balance	$ 2,247,082
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, 2023	Dec. 31, 2022
Total revenue	$ 75,756,472	$ 65,559,099
Income before income taxes	10,062,448	7,970,652
Depreciation and amortization expense	9,134,266	7,550,851
Life Insurance Operations [Member]
Total revenue	46,859,649	41,826,391
Income before income taxes	3,463,203	3,139,886
Depreciation and amortization expense	7,705,997	6,417,370
Annuity Operations [Member]
Total revenue	24,531,347	21,351,816
Income before income taxes	3,453,174	3,028,852
Depreciation and amortization expense	1,428,269	1,133,481
Corporate Segment [Member]
Total revenue	4,365,476	2,380,892
Income before income taxes	$ 3,146,071	$ 1,801,914

Note 11 - Segment Data - Assets

Note 11 - Segment Data - Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Total assets	$ 672,021,535	$ 665,864,037
Life Insurance Operations [Member]
Total assets	164,653,497	149,949,283
Annuity Operations [Member]
Total assets	495,979,724	505,990,810
Corporate Segment [Member]
Total assets	$ 11,388,314	$ 9,923,944

Note 12 - Concentrations of C_2

Note 12 - Concentrations of Credit Risk (Details Textual)	Dec. 31, 2023 USD ($)
Cash, FDIC Insured Amount	$ 250,000
Cash, Uninsured Amount	$ 26,017,084

Note 13 - Contingent Liabilit_2

Note 13 - Contingent Liabilities (Details Textual)					12 Months Ended	20 Months Ended
	Mar. 08, 2024 USD ($)	Mar. 04, 2022	Jun. 29, 2020	Feb. 17, 2017 USD ($)	Dec. 31, 2023	Mar. 04, 2022
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
Trade Secrets Case [Member] | Citizens, Inc., CICA Life Ltd., and CICA Life Insurance Company of America [Member] | Two Defendants [Member] | Subsequent Event [Member]
Litigation Settlement, Amount Awarded from Other Party	$ 1,200,000
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 - Other Comprehensive_3

Note 14 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance	$ 51,652,512	$ 68,394,551
Total other comprehensive income (loss)	4,448,335	(27,523,506)
Balance	64,016,208	51,652,512
Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	0
Balance		0
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance	(14,323,715)	13,209,319
Other comprehensive income before reclassifications, net of tax	4,408,820	(26,852,226)
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	(41,093)	680,808
Total other comprehensive income (loss)	4,449,913	(27,533,034)
Balance	(9,643,766)	(14,323,715)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	230,036
Balance		230,036
Adjustment to Deferred Acquisition Costs [Member]
Balance	4,036	(5,492)
Other comprehensive income before reclassifications, net of tax	(1,578)	9,528
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	0	0
Total other comprehensive income (loss)	(1,578)	9,528
Balance	2,458	4,036
Adjustment to Deferred Acquisition Costs [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	0
Balance		0
AOCI Attributable to Parent [Member]
Balance	(14,319,679)	13,203,827
Other comprehensive income before reclassifications, net of tax	4,407,242	(26,842,698)
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	(41,093)	680,808
Total other comprehensive income (loss)	4,448,335	(27,523,506)
Balance	(9,641,308)	(14,319,679)
AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	$ 230,036
Balance		$ 230,036

Note 14 - Other Comprehensive_4

Note 14 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Loss) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Unrealized holding gains arising during the period		$ 5,580,785	$ (33,990,160)
Unrealized holding gains arising during the period		1,171,965	(7,137,934)
Unrealized holding gains arising during the period		4,408,820	(26,852,226)
Realized gains (losses) on sales of securities	[1]	(52,016)	861,782
Income tax expense (benefit)	[2]	(10,923)	180,974
Reclassification adjustment for net losses included in operation		(41,093)	680,808
Net unrealized gains on investments		5,632,801	(34,851,942)
Net unrealized gains on investments		1,182,888	(7,318,908)
Net unrealized gains on investments		4,449,913	(27,533,034)
Adjustment to deferred acquisition costs, pretax		(1,997)	12,060
Adjustment to deferred acquisition costs, income tax expense (benefit)		(419)	2,532
Adjustment to deferred acquisition costs, net of tax		(1,578)	9,528
Total other comprehensive income		5,630,804	(34,839,882)
Total other comprehensive income		1,182,469	(7,316,376)
Total other comprehensive income		$ 4,448,335	$ (27,523,506)
[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 14 - Other Comprehensive_5

Note 14 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Reclassified From Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Realized gains (losses) on sales of securities	[1]	$ (52,016)	$ 861,782
Income tax expense (benefit)	[2]	(10,923)	180,974
Total reclassification adjustments		$ (41,093)	$ 680,808
[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.